Affordable Online MBA Courses and Their Impact on Post-Learning Salaries
Online MBA programs have surged in popularity due to their flexibility and affordability. This analysis delves into various low-cost online MBA options, their application processes, associated costs, and the potential salary benefits post-graduation.
1. Introduction
An MBA can significantly boost your career prospects. But, high tuition costs can be a barrier. Thankfully, many affordable online MBA programs are available that provide quality education without breaking the bank.
2. benefits of online MBA programs
Online MBA programs offer flexibility, affordability, and the ability to balance work and study.
3. Chart: Cost Comparison of Online MBA Programs
| Program Name | Institution | Duration | Cost | Application Process |
|---|---|---|---|---|
| iMBA | University of Illinois | 2 years | $22,000 | Online application, GMAT/GRE optional |
| MBA@UNC | University of North Carolina | 2 years | $49,500 | Online application, GMAT/GRE required |
| Global MBA | Southern New Hampshire University | 1.5 years | $18,810 | Online application, GMAT/GRE optional |
| Online MBA | Arizona State University | 2 years | $22,644 | Online application, GMAT/GRE optional |
| Online MBA | University of the People | 1 year | $2,400 | Online application, no GMAT/GRE required |
| MBA@Syracuse | Syracuse University | 2 years | $54,720 | Online application, GMAT/GRE required |
| MBA@Rice | Rice University | 2 years | $60,000 | Online application, GMAT/GRE required |
| MBA@Nebraska | University of Nebraska | 2 years | $31,200 | Online application, GMAT/GRE optional |
| Online MBA | Indiana University | 2 years | $21,000 | Online application, GMAT/GRE optional |
| MBA@UMass | University of Massachusetts | 2 years | $35,550 | Online application, GMAT/GRE optional |
4. Salary Range After Completing Online MBA Programs
| Program Name | Institution | Salary Range (Annual) |
|---|---|---|
| iMBA | University of Illinois | $85,000 – $120,000 |
| MBA@UNC | University of North Carolina | $100,000 – $130,000 |
| Global MBA | Southern New Hampshire University | $70,000 – $100,000 |
| Online MBA | Arizona State University | $90,000 – $115,000 |
| Online MBA | University of the People | $50,000 – $80,000 |
| MBA@Syracuse | Syracuse University | $95,000 – $125,000 |
| MBA@Rice | Rice University | $110,000 – $140,000 |
| MBA@Nebraska | University of Nebraska | $85,000 – $115,000 |
| Online MBA | Indiana University | $80,000 – $110,000 |
| MBA@UMass | University of Massachusetts | $90,000 – $120,000 |
5. How to choose the right MBA study programme for you
- Cost:
- Under $10,000
- $10,000 – $30,000
- Over $30,000
- Duration:
- 1 year
- 1.5 years
- 2 years
- Flexibility:
- Part-time
- Full-time
- Specialization:
- Finance
- Marketing
- General Management
- Accreditation:
- AACSB
- ACBSP
- IACBE
6. Statistical Analysis of Salary Increases Post-MBA
- Before MBA:
- Average Salary: $50,000
- After MBA:
- Average Salary Increase: 50% – 80%
- Average Salary: $90,000
7. Conclusion
Affordable online MBA programs can provide a substantial return on investment through significant salary increases and enhanced career opportunities. While the initial costs vary, the long-term benefits make these programs a worthy consideration for career advancement.
8. References
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