Top 25 Online MBA Programs for 2016, According to the Princeton Review
MBA programs were once met with skepticism but now entrepreneurs are enrolling in them to not only start a business but also manage a company’s long-term objectives.
Opinions expressed by Âé¶¹Éç contributors are their own.
An MBA had long been something aspiring entrepreneurs got before launching their businesses, or during pauses in their careers. But more small-business owners are getting an MBA as a booster, applied when someone’s business needs it. Stephen Taylor, assistant dean of graduate programs at Arizona State University’s W.P. Carey School of Business, says online MBA programs are full of these students –and he regularly sees them using class lessons directly in their work.
“These programs are a relatively safe place for entrepreneurs to learn about how they can manage a business long-term or explore a business opportunity with help from the entire university’s research faculty and other students,” he says. “It’s a whole network of advisers that stays with you for your whole life.”
Another benefit to entrepreneurs seeking an online MBA today: They can take (almost) as long as they like to graduate. Most programs allow students six or more years to finish the degree, which is particularly helpful when an entrepreneur is balancing their growing business with their studies. “We give the students a great deal of flexibility to take as many courses or as few as they would like,” says Temple’s McNamee. “We see this as a lifelong learning approach.”
For those entrepreneurs looking for an online MBA program – either to start a business or scale a company – here is The Princeton Review’s top 25 online MBA programs.
Methodology: The Princeton Review’s ranking comes from a 2016 survey of more than 3,800 online MBA students from more than 90 schools.
* N/A indicates information not available or not applicable.
Getty Images
#1 University of North Carolina at Chapel Hill
Chapel Hill, NC
Public/Private
Public
Total Program Cost
$104,664
% of Program Taught Online
97%
% of Program Delivered in Person
3%
Avg. Years’ Work Experience
9.8
Avg. GMAT Scores
668
Total Applicants/% Accepted
1,104/43%
No. of Students Enrolled in Online MBA Program
742
Getty Images
#2 Indiana University
Bloomington, IN
Public/Private
Public
Total Program Cost
$61,200
% of Program Taught Online
94%
% of Program Delivered in Person
6%
Avg. Years’ Work Experience
6.5
Avg. GMAT Scores
635
Total Applicants/% Accepted
469/76%
No. of Students Enrolled in Online MBA Program
737
Temple University | Facebook
#3 Temple University
Philadelphia, PA
Public/Private
Public
Total Program Cost
$59,760
% of Program Taught Online
100%
% of Program Delivered in Person
N/A
Avg. Years’ Work Experience
11.3
Avg. GMAT Scores
600
Total Applicants/% Accepted
420/42%
No. of Students Enrolled in Online MBA Program
273
ie.edu
#4 IE University
Madrid, Spain
Public/Private
Private
Total Program Cost
$49,600
% of Program Taught Online
80%
% of Program Delivered in Person
20%
Avg. Years’ Work Experience
6.0
Avg. GMAT Scores
680
Total Applicants/% Accepted
552/41%
No. of Students Enrolled in Online MBA Program
175
Getty Images
#5 University of Florida
Gainesville, FL
Public/Private
Public
Total Program Cost
$56,672
% of Program Taught Online
83%
% of Program Delivered in Person
17%
Avg. Years’ Work Experience
5.3
Avg. GMAT Scores
569
Total Applicants/% Accepted
500/55%
No. of Students Enrolled in Online MBA Program
352
Getty Images
#6 Arizona State University
Tempe, AZ
Public/Private
Public
Total Program Cost
$56,800
% of Program Taught Online
100%
% of Program Delivered in Person
0%
Avg. Years’ Work Experience
6.7
Avg. GMAT Scores
592
Total Applicants/% Accepted
396/64%
No. of Students Enrolled in Online MBA Program
329
Rochester Institute of Technology | Facebook
#7 Rochester Institute of Technology
Rochester, NY
Public/Private
Private
Total Program Cost
$70,000
% of Program Taught Online
94%
% of Program Delivered in Person
6%
Avg. Years’ Work Experience
15.7
Avg. GMAT Scores
N/A
Total Applicants/% Accepted
25/100%
No. of Students Enrolled in Online MBA Program
29
Babson College | Facebook
#8 Babson College
Babson Park, MA
Public/Private
Private
Total Program Cost
$82,000
% of Program Taught Online
72%
% of Program Delivered in Person
28%
Avg. Years’ Work Experience
8.8
Avg. GMAT Scores
594
Total Applicants/% Accepted
187/89%
No. of Students Enrolled in Online MBA Program
305
Getty Images
#9 North Carolina State University
Raleigh, NC
Public/Private
Public
Total Program Cost
$42,195
% of Program Taught Online
92%
% of Program Delivered in Person
8%
Avg. Years’ Work Experience
10.6
Avg. GMAT Scores
616
Total Applicants/% Accepted
238/72%
No. of Students Enrolled in Online MBA Program
222
jmu.edu
#10 James Madison University
Harrisburg, VA
Public/Private
Public
Total Program Cost
$37,800
% of Program Taught Online
80%
% of Program Delivered in Person
20%
Avg. Years’ Work Experience
11.5
Avg. GMAT Scores
510
Total Applicants/% Accepted
44/93%
No. of Students Enrolled in Online MBA Program
53
University of Texas at Dallas | Facebook
#11 University of Texas at Dallas
Richardson, TX
Public/Private
Public
Total Program Cost
$45,898
% of Program Taught Online
100%
% of Program Delivered in Person
N/A
Avg. Years’ Work Experience
11.5
Avg. GMAT Scores
582
Total Applicants/% Accepted
206/50%
No. of Students Enrolled in Online MBA Program
272
University of South Dakota | Facebook
#12 University of South Dakota
Vermillion, SD
Public/Private
Public
Total Program Cost
$14,231
% of Program Taught Online
95%
% of Program Delivered in Person
5%
Avg. Years’ Work Experience
6.0
Avg. GMAT Scores
560
Total Applicants/% Accepted
50/90%
No. of Students Enrolled in Online MBA Program
276
University of Utah | Facebook
#13 University of Utah
Salt Lake City, UT
Public/Private
Public
Total Program Cost
$57,600
% of Program Taught Online
97%
% of Program Delivered in Person
3%
Avg. Years’ Work Experience
7.7
Avg. GMAT Scores
553
Total Applicants/% Accepted
88/65%
No. of Students Enrolled in Online MBA Program
78
Auburn University | Facebook
#14 Auburn University
Auburn, AL
Public/Private
Public
Total Program Cost
$28,980
% of Program Taught Online
98%
% of Program Delivered in Person
2%
Avg. Years’ Work Experience
7.8
Avg. GMAT Scores
569
Total Applicants/% Accepted
237/72%
No. of Students Enrolled in Online MBA Program
408
hofstra.edu
#15 Hofstra University
Hempstead, NY
Public/Private
Private
Total Program Cost
$72,800
% of Program Taught Online
96%
% of Program Delivered in Person
4%
Avg. Years’ Work Experience
11.6
Avg. GMAT Scores
N/A
Total Applicants/% Accepted
66/55%
No. of Students Enrolled in Online MBA Program
46
unl.edu
#16 University of Nebraska-Lincoln
Lincoln, NE
Public/Private
Public
Total Program Cost
$25,538
% of Program Taught Online
100%
% of Program Delivered in Person
0
Avg. Years’ Work Experience
6.0
Avg. GMAT Scores
606
Total Applicants/% Accepted
185/89%
No. of Students Enrolled in Online MBA Program
321
Northeastern University | Facebook
#17 Northeastern University
Boston, MA
Public/Private
Private
Total Program Cost
$73,800
% of Program Taught Online
100%
% of Program Delivered in Person
0
Avg. Years’ Work Experience
10.5
Avg. GMAT Scores
N/A
Total Applicants/% Accepted
452/88%
No. of Students Enrolled in Online MBA Program
1,016
pepperdine.edu
#18 Pepperdine University
Los Angeles, CA
Public/Private
Private
Total Program Cost
$84,240
% of Program Taught Online
94%
% of Program Delivered in Person
6%
Avg. Years’ Work Experience
11.3
Avg. GMAT Scores
542
Total Applicants/% Accepted
217/82%
No. of Students Enrolled in Online MBA Program
254
University of Arizona | Facebook
#19 University of Arizona
Tucson, AZ
Public/Private
Public
Total Program Cost
$45,000
% of Program Taught Online
100%
% of Program Delivered in Person
0%
Avg. Years’ Work Experience
6.9
Avg. GMAT Scores
585
Total Applicants/% Accepted
84/95%
No. of Students Enrolled in Online MBA Program
122
Syracuse University | Facebook
#20 Syracuse University
Syracuse, NY
Public/Private
Private
Total Program Cost
$74,592
% of Program Taught Online
94%
% of Program Delivered in Person
6%
Avg. Years’ Work Experience
N/A
Avg. GMAT Scores
580
Total Applicants/% Accepted
935/77%
No. of Students Enrolled in Online MBA Program
700
University of North Texas | Facebook
#21 University of North Texas
Denton, TX
Public/Private
Public
Total Program Cost
$16,002
% of Program Taught Online
90%
% of Program Delivered in Person
10%
Avg. Years’ Work Experience
7.0
Avg. GMAT Scores
542
Total Applicants/% Accepted
68/75%
No. of Students Enrolled in Online MBA Program
98
Getty Images
#22 Jack Welch Management Institute (Strayer University)
Herndon, VA
Public/Private
Private
Total Program Cost
$39,400
% of Program Taught Online
100%
% of Program Delivered in Person
0%
Avg. Years’ Work Experience
15.0
Avg. GMAT Scores
N/A
Total Applicants/% Accepted
1,855/58%
No. of Students Enrolled in Online MBA Program
1,137
University of Massachusetts Amherst | Facebook
#23 University of Massachusetts Amherst
Amherst, MA
Public/Private
Public
Total Program Cost
$32,535
% of Program Taught Online
100%
% of Program Delivered in Person
0%
Avg. Years’ Work Experience
12.5
Avg. GMAT Scores
577
Total Applicants/% Accepted
609/85%
No. of Students Enrolled in Online MBA Program
1,292
Ball State University | Facebook
#24 Ball State University
Muncie, IN
Public/Private
Public
Total Program Cost
$13,980
% of Program Taught Online
100%
% of Program Delivered in Person
0%
Avg. Years’ Work Experience
6.5
Avg. GMAT Scores
556
Total Applicants/% Accepted
113/92%
No. of Students Enrolled in Online MBA Program
258
University of Memphis | Facebook
#25 University of Memphis
Memphis, TN
Public/Private
Public
Total Program Cost
$18,900
% of Program Taught Online
100%
% of Program Delivered in Person
N/A
Avg. Years’ Work Experience
8.0
Avg. GMAT Scores
578
Total Applicants/% Accepted
58/81%
No. of Students Enrolled in Online MBA Program
105
An MBA had long been something aspiring entrepreneurs got before launching their businesses, or during pauses in their careers. But more small-business owners are getting an MBA as a booster, applied when someone’s business needs it. Stephen Taylor, assistant dean of graduate programs at Arizona State University’s W.P. Carey School of Business, says online MBA programs are full of these students –and he regularly sees them using class lessons directly in their work.
“These programs are a relatively safe place for entrepreneurs to learn about how they can manage a business long-term or explore a business opportunity with help from the entire university’s research faculty and other students,” he says. “It’s a whole network of advisers that stays with you for your whole life.”
Another benefit to entrepreneurs seeking an online MBA today: They can take (almost) as long as they like to graduate. Most programs allow students six or more years to finish the degree, which is particularly helpful when an entrepreneur is balancing their growing business with their studies. “We give the students a great deal of flexibility to take as many courses or as few as they would like,” says Temple’s McNamee. “We see this as a lifelong learning approach.”