Top 10 Affordable Online Mba Programs

Last Updated on August 28, 2023

Accredited Online MBA programs are a great way for you to get your management graduate degree. Many people have been able to complete an online Mba from the comfort of home and at their own pace.

Are you an international student? and been puzzled by the contradictory information you encountered on the internet. You need not look further, this article allows you to learn more about affordable accredited online mba programs no gmat.

Read on to discover the latest information on most affordable accredited online mba programs. It is possible for you to find more information about best online mba programs,cheapest aacsb online mba on infolearners.

59 Most Affordable Online MBA Programs [2021 Rankings]

10 Accredited Online MBA Programs That Cost Less

With an array of accredited Online MBA programs costing less than $30K, you don’t need to break the bank to graduate with a quality business education

Find out which accredited Online mba programs will cost you less than $30,000 / ©Prostock-Studio

Find out which accredited Online mba programs will cost you less than $30,000 / ©Prostock-Studio

Online MBAs are more popular than ever. According to a GMAC Application Trends Survey, 30% of Online MBA programs saw a growth in applications in 2021. Distance learning MBA programs are attractive both for their flexibility and the fact they allow you to simultaneously work and develop core business skills. 

There’s also a menu of affordable Online MBA programs that’ll give you a business education without breaking the bank. But do lower fees mean poorer quality?

No they don’t. Many accredited Online MBA programs are among those carrying fees lower than full-time programs. Accreditation—from the likes of industry bodies AMBA, AACSB, EQUIS, or EFMD—is typically a stamp of approval, and a guarantee that you’re paying for a quality business school degree. 

Here are 10 accredited Online MBA programs with the most affordable price tags*. 

10) University of Bradford School of Management ($26,100)  

The Financial Times ranked this program number one in the world for value for money, second for salary increase three years after graduation, and fourth for its percentage of international students. The school is also triple accredited by AMBA, AACSB, and EQUIS, a gold standard as far as accredited Online MBA programs go. 

The course can be completed part-time within two to three years. Core modules include Competitiveness through Technology and Innovation, Leadership for Transformational Change, Digital Marketing, Branding and Strategy, and Accounting and Economics for Decision Making. 

You can also choose to take electives in Corporate Finance and Crowdfunding, Marketing Communications, and Diversity, Scale and Development.  

9) University of South Florida: Muma ($24,800)

South Florida’s program is among the accredited Online MBA programs accredited by industry body AACSB. The distance learning MBA allows you to customize your studies with one of five optional concentrations in Finance, Healthcare Analytics, Cybersecurity, Data Analytics, or Compliance, Risk, and Anti-Money Laundering. It also has core courses with modules in Financial Management, Marketing Management, and Accounting Concepts for Managers. 

The program’s asynchronous courses can be completed any time, and, for students who also want to build a network with their peers, there are weekly discussions and collaboration sessions. 

8) University of Wisconsin-Whitewater ($23,500)

This AACSB-accredited Online MBA has 13 concentrations and over 50 electives. Concentrations range from Accounting and Cybersecurity Management, to Environmental Health and Safety. 

To be eligible, you either need to have four or more years of professional work experience or two or more years of work experience with a 3.0 GPA. 

7) James Madison University ($21,500, in-state)

Another AACSB accredited program, the James Madison Online MBA program is ranked the best in Virginia by the US News & World Report. Students who take this program come from a wide range of employers, such as Deloitte, America’s Charities, and the FBI.

When enrolled, you can choose to take one of three concentrations in Executive Leadership, Information Security, or Innovation. 

6) Oxford Brookes Business School ($20,800) 

The Oxford Brookes Online MBA is a 30-month, flexible, part-time program. You’re eligible to apply with a minimum of three years of professional experience, a good degree (or GPA equivalent), and two written references. Students in this program are a little more experienced than other cohorts—the average student usually has 13 years of professional work experience. 

Core modules include Entrepreneurial Behaviours & Practices, Global Strategy & Innovation, and Developing Leadership Capability. You can also choose to take electives in Strategic Accounting & Finance, Global Strategy Marketing, Planning New Business Ventures, and Digital Strategy & Leadership.  

At the final stage of the MBA, you’ll be asked to complete your capstone project in the form of a dissertation, an individual consultancy project, a group consultancy project, or a business start-up plan. 

The school’s MBA is accredited by both AMBA and the European Foundation for Management Development (EFMD).

5) EU Business School ($19,500)

This 15-month program has courses in Transformational Management & Leadership, Negotiation, Global Economics, Legal Issues & Business Ethics, and Communication for Success. 

It boasts one of the highest percentages of female students among Online MBA programs, with 56% of its class being women. You’ll also find yourself immersed in a diverse cohort, with 100% of the class being international students who have on average 10 years of professional experience. 

The program is accredited by ACBSP, IACBE, IQA, and is certified by eduQua.

4) SBS Swiss Business School ($17,800)

This two-year Online MBA program has 15 modules, with one module running every eight weeks. The program aims to improve students’ leadership qualities, international business acumen, and sustainability efforts.

It has five specializations in Entrepreneurship, Global Finance and Banking, Human Resource Management, International Management, and Marketing. 

This year’s class has an average of nine years’ professional experience. 52% of the Online MBA class are female. 

The school holds accreditation from the likes of the Swiss Accreditation Council, British Accreditation Council, ACBSP, and IACBE.

3) Ball State University: Miller ($16,520)

Indiana’s Miller College of Business is among the accredited Online MBA programs with a stamp of approval from AACSB. 

This distance learning MBA allows students to customize their degree by choosing one of ten concentrations in topics such as Artificial Intelligence, Business Analytics, Healthcare Administration, Sales Management, or Healthcare Administration.

Some courses are offered in asynchronous format, so you can undertake weekly assignments and deadlines at your own pace. 

2) Fayetteville State University ($15,600) 

This AACSB-accredited, fully flexible program can be completed in as little as 12 months, but you can take up to 72 months if you want. It consists of 27 credit hours and nine to 12 elective credit hours. The program is even cheaper if you’re studying in-state, at $6,900. 

You can also choose between concentrations in Business Intelligence and Data Analytics, Entrepreneurship, Finance, General Business, Healthcare Management, International Business, Management, Marketing, Project Management, and Supply Chain Management. 

To be eligible to apply, you will need a minimum GMAT score of 400 and a minimum GPA of 2.75 or higher. The average age of candidates is 35 years old, with 45% of students women. 

1) Georgia Southwestern State University ($15,420) 

Another of the accredited Online MBA programs stamped by AACSB, Georgia Southwestern State University’s distance learning MBA provides a broad base of business knowledge in finance, ethics, international business, management, and marketing. 

The curriculum includes core courses in Managerial Economics, Organizational Theory & Behaviour, Strategic Management, and International Business Practice. 

Applications open three times per year, in June, November, and April.

10 Most Affordable Online MBA Degree Programs for 2020 - Great Business  Schools

best online mba programs

Best online business schools in the United States

The United States offers a lot of online options for business studies. However, there are only 2 main university rankings mentioning the best online business schools in the U.S. Both the Financial Times and U.S. News have created their own university lists listing top online business and management studies.

While U.S. News has an entire list dedicated to only studying online MBAs in the U.S., Financial Times has a top 10 list with the best online business schools in the world, many of which are in the U.S. We included both lists below:

Financial Times Online MBA Ranking 2021

  • University of North Carolina (Kenan-Flagler)
  • Indiana University (Kelley)
  • University of Florida (Warrington)
  • University of Maryland (Smith)
  • Babson College (Olin)
  • University of Utah (David Eccles)
  • University of Nebraska-Lincoln
  • Arizona State University (WP Carey)

U.S. News Best Online MBA Programs 2021

  • Carnegie Mellon University (Tepper)
  • University of North Carolina (Kenan-Flagler)
  • Indiana University (Kelley)
  • University of Southern California (Marshall)
  • University of Florida (Warrington)
  • Arizona State University (WP Carey)
  • Pennsylvania State University
  • University of Texas (Dallas)
  • Rice University (Jones)
  • Lehigh University

Other online business schools from the U.S. you should definitely check out include:

  • Colorado State University
  • Clarkson University
  • The University of Arizona

Best online business schools in the United Kingdom

In the case of the UK, we used the UK business schools from Financial Times Rankings for Online MBAs as well as the top-ranked business schools in the UK according to QS Rankings.

Because QS Ranking doesn’t rank online MBAs, we used the regular list and checked which of the business schools offer online study options.

Financial Times Online MBA Ranking 2021

  • Warwick Business School
  • Imperial College Business School
  • Durham University Business School
  • University of Bradford School of Management

QS Global MBA Ranking 2021: Business schools offering online degrees

  • Imperial College London
  • University of Warwick
  • The University of Edinburgh
  • Cranfield School of Management
  • Durham University Business School
  • Lancaster University
  • Aston University
  • University of Leeds
  • Nottingham University Business School
  • University of Strathclyde

Other online MBAs from the UK that we recommend checking out:

  • London School of Business and Finance
  • Arden University
  • Nottingham Trent University Online
  • Birmingham University Online
online MBA student

Best online business schools in Europe

If we exclude the UK universities already listed above, only 2 European business schools are present in the Financial Times Online MBA Rankings 2021. The rest in this section are business schools that are listed in the QS Rankings 2021.

Financial Times Online MBA Ranking 2021 – Business schools from Europe

  • IE Business School, Spain
  • Politecnico di Milano School of Management, Italy

QS Global MBA Ranking 2021: Business schools offering online degrees

  • ESSEC Business School, France
  • Frankfurt School of Finance and Management, Germany
  • Vlerick Business School Online, Belgium
  • ESMT Berlin, Germany
  • EU Business School, Spain
  • EADA Business School, Spain
  • International University of Monaco, Monaco
  • Alba Graduate Business School, Greece
  • GBSB Global Business School, Spain

Other online business schools from Europe that we recommend checking out:

  • BEBS (Barcelona Executive Business School), Spain
  • Beuth University of Applied Sciences, Germany
  • Glion Institute of Higher Education, Switzerland

Find online Business degrees

Top 50 Low-Cost Online MBA Degree Programs

Best online business schools in Australia

The following list of business schools is made up of top business schools ranked by QS Global MBA Rankings 2021 and they also offer online business study options.

QS Global MBA Rankings 2021 – Business schools from Australia

  • Melbourne Business School
  • University of New South Wales (UNSW)
  • Monash University
  • The University of Western Australia
  • University of Technology Sydney
  • RMIT University
  • University of Wollongong
  • La Trobe Business School
  • Victoria University

Other online business schools from Australia that we recommend checking out:

  • University of Tasmania
  • Swinburne University of Technology
  • CQ University Australia
  • Torrens University Australia

Online MBAs offered at universities in the Middle East

Online MBAs are truly everywhere. To prove it, we’ve even included a few universities from the Middle East offering online MBAs:

  • Lebanese American University Online, Lebanon
  • Tel Aviv University Online, Israel
  • Heriot-Watt University Dubai, United Arab Emirates
Where to Find the World's Cheapest Online MBA | UoPeople

cheapest aacsb online mba

1Fayetteville State University(NC)$6,558.06$15,480.66In-StateOut-of-State
2Missouri State University(MO)$9,405.00All Students
3Southern Arkansas UniversityMaster of Business Administration / Agri-BusinessMaster of Business Administration / GeneralMaster of Business Administration / Supply Chain Management(AR)$9,610.00$13,570.00In-StateOut-of-State
4Louisiana State University-ShreveportMaster of Business Administration(LA)$10,417.20$11,227.20In-StateOut-of-State
5Southeast Missouri State UniversityMaster of Business Administration / General ManagementMaster of Business Administration / Health AdministrationMaster of Business Administration / Sport Management(MO)$11,368.50All Students
6East Carolina UniversityMaster of Business Administration(NC)$11,841.06$32,226.81In-StateOut-of-State
7Southeastern Oklahoma State UniversityMaster of Business Administration(OK)$11,880.00All Students
8University of Houston-VictoriaGlobal Master of Business AdministrationMaster of Business Administration (Strategic)(TX)$12,072.00$22,811.70In-StateOut-of-State
9Texas A & M University – CommerceMaster of Business Administration(TX)$12,491.00$24,191.00In-StateOut-of-State
10Mississippi State UniversityMaster of Business Administration(MS)$13,072.50

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