affordable mba programs in massachusetts

Last Updated on August 25, 2023

Top 12 Most Affordable MBA Programs in Massachusetts in 2021

August 6, 2021 | Staff WritersAffordable MBA Programs in Mssachusetts

Making the decision to earn your MBA is a smart choice if you want to take your business career to the next level. If you’re looking for affordable MBA programs in Massachusetts, we’ve compiled a list of schools of the best MBA programs for you to consider.  

Why earn your MBA in Massachusetts?

There are a number of reasons why you might want to earn your MBA in Massachusetts. If you live in-state, you may simply want to stay close to home. Also, if you choose a public, state-funded university, you’ll only have to pay state tuition costs, which tend to be much lower than the fees at private universities. However, another great reason to get your MBA from a school in Massachusetts is the state’s capital, Boston, known for its world-class universities, cultural attractions, and most importantly, thriving business community.

Top 5 Most Affordable MBA Programs in Massachusetts

1Fitchburg State UniversityFitchburg, Massachusetts
2University of Massachusetts-LowellLowell, Massachusetts
3University of Massachusetts-AmherstAmherst, Massachusetts
4Framingham UniversityFramingham University
5Salem State UniversitySalem, Massachusetts

Why Boston is great for MBA Students

Boston is Massachusetts’s hub for business and offers many benefits to students whether they attend school within the city or somewhere else in-state. Here are just a few reasons why:

Ready to start exploring local options to earn your MBA in Massachusetts? We’ve compiled a list of the top affordable MBA programs, including both in-state, public university options, and private university options to accommodate different budgets.

The list is ranked according to the school’s tuition per credit (lowest is best) and enrollment rate (highest is best). Take a look to see which program could be the right fit for your business career goals, schedule, and budget.

Top 12 Most Affordable MBA Programs in Massachusetts 


Fitchburg State University

  • Fitchburg, Massachusetts
  • Points: 20

Fitchburg State University, located in Fitchburg, Massachusetts, offers several different MBA programs with tracks available in Accounting, Healthcare Management, Human Resources Management, Marketing, Supply Chain Management or Management. All specializations prepare graduates with the knowledge and tools they need to become managers, leaders, and executives in today’s business world. The on-campus options include concentrations in Accounting, Human Resources Management, and Management. The 100% online options include concentrations in Accounting, Human Resources Management, Management, Healthcare Management, Marketing, and Supply Chain Management.

For admission into the program, GRE and GMAT exams are no longer required. Classes are organized into small groups in a cohort learning format, which allows students to fully interact with their peers and faculty.


Tuition: $334 per creditEnrollment: 3,036VISIT SCHOOL WEBSITE2

University of Massachusetts-Lowell

  • Lowell, Massachusetts
  • Points: 18

University of Massachusetts-Lowell, located in Lowell, Massachusetts, offers an MBA program designed to help students navigate the business world’s rapidly changing landscape. Students can choose to concentrate their studies with several options, including: Accounting, Business Analytics, Entrepreneurship, Finance, Healthcare, Information Technology, International Business, Managerial Leadership, and Marketing. There is also an option to choose a concentration in General Business.

This part-time evening program allows working professionals to study topics that will help them take on the challenges of today’s business world, including globalization, complex technological changes, ethical concerns, changing organizational structures, and the increasing role of government in businesses. Students can also take three elective courses, which enables them to further customize the curriculum to meet their career goals.


Tuition: $634 per creditEnrollment: 4,238VISIT SCHOOL WEBSITE3

University of Massachusetts-Amherst

  • Amherst, Massachusetts
  • Points: 17

University of Massachusetts-Amherst, located in Amherst, Massachusetts, offers an MBA program through its Isenberg School of Business. This program offers several routes for completion, including an Online MBA, On-Campus MBA, and Dual Degrees in subjects like Sport Management, Environmental Engineering, Mechanical Engineering, Civil Engineering and more. The online program allows working professionals to balance the demands of both career and school, while the on-campus option enables students to fully immerse themselves into a hands-on experience alongside other students.

Students can choose to focus their studies on certain areas, including Business Analytics, Entrepreneurship, Finance, Healthcare Administration, and Marketing. Whether taking classes online or in-person, students will benefit from a curriculum that helps them build the leadership and problem-solving skills they need to land MBA-level jobs after graduation.


Tuition: $708 per creditEnrollment: 7,078VISIT SCHOOL WEBSITE4

Framingham University

  • Framingham University
  • Points: 14

Framingham University, located in Framingham, Massachusetts, offers an MBA designed for working professionals that can be completed in as little as 16 months or in 3 to 4 years. The program is also available on-campus or online for maximum flexibility. Students can choose between two concentrations, including Biotechnology Operations and Management. With a campus located in the MetroWest region of Massachusetts, Framingham University gives students access to its thriving, local business community.

Discounted tuition may be available for employees of the school’s corporate partners. Also, GMAT and GRE exams are not required for admission.


Tuition: $443 per creditEnrollment: 1,628VISIT SCHOOL WEBSITE5

Salem State University

  • Salem, Massachusetts
  • Points: 14

Salem State University, located in Salem, Massachusetts, offers an MBA program through its Bertolon School of Business that readies graduates to lead, manage, and compete in today’s competitive marketplace. With both full-time and part-time options, this program allows students to take electives in several different areas, including management information systems, operations, marketing, business, financial planning, accounting, and business. The curriculum uses a variety of methods to immerse students in real-world business experiences including research, technology, case studies, fieldwork, and experiential exercises.

Students can take advantage of faculty’s experience and connections with companies like Hilton Hotel, Morgan Stanley, Marine Midland Bank, and Deloitte and Touche. Small class sizes and different learning options, including hybrid, online, evening, and weekend, make the program flexible for students’ different needs.


Tuition: $365 per creditEnrollment: 1,527VISIT SCHOOL WEBSITE6

University of Massachusetts-Boston

  • Boston, Massachusetts
  • Points: 13


Boston College

  • Newton, Massachusetts
  • Points: 12


University of Massachusetts-Dartmouth

  • Dartmouth, Massachusetts
  • Points: 11


Worcester Polytechnic Institute

  • Worcester, Massachusetts
  • Points: 10


Bridgewater State University

  • Bridgewater, Massachusetts
  • Points: 10


Cambridge College

  • Boston, Massachusetts
  • Points: 9


Suffolk University

  • Boston, Massachusetts
  • Points: 8

Want to explore more MBA programs? Select Business in our Degree Finder tool and we’ll help you find the program that’s right for you.  

Our Ranking Methodology

In order to come up with our rankings, we used a formula based on Massachusetts in-state per-credit tuition rates and enrollment rates for each graduate school. If per-credit tuition rates were not provided by the school, per-semester tuition rates were divided by twelve for an average of twelve credits per semester.

After sorting first by the tuition rates and then by enrollment rates, we assigned points to each school and added these points together to get a final ranking score.

About the author

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