Cheapest Online Business Degrees 2024

Paying for college is crucial, and it’s also really personal. What may be “affordable” or “cheap” for one person may be costly for another. Some may not have a frame of reference for standard tuition costs, making it difficult to know where to begin budgeting.

On the lower end, annual tuition for an online business degree at the bachelor’s level may cost around $4,000. However, based on factors such as location, the school’s private or public status, and prestige, a year’s worth of tuition could be as high as $15,000 or more.

Online business degrees have become more prevalent as schools have expanded their distance learning options. These programs offer skills that you can apply across various sectors and allow you to focus your studies with specializations.

The broad nature of a business degree — one of the most popular majors — can lead to gainful employment in many areas and provide a strong return on your educational investment.

Explore our in-depth ranking of the most affordable online business degrees.

Norma Feriz-Gordon, a state-certified professional school counselor, knows what students should look for when considering an online business bachelor’s degree program. Norma worked on the College and Career Planning Team in the New York City Department of Education. In her role, she established partnerships that support students and their families in the postsecondary planning process.

“Schools are looking for well-rounded individuals who are looking to gain a degree and be active participants in their learning process,” Feriz-Gordon told TheBestSchools. “Many of the schools may evaluate GPA, a personal statement, transcripts, and other supplemental materials such as letters of recommendation from employers or teachers and counselors.”

She also notes that the admissions process is usually the same for online and in-person programs. Make sure to check on deadlines and requirements before applying. Feriz-Gordon suggests students apply to programs without worrying about the cost. Once you’ve applied to the programs, and for state and federal aid and scholarships, you can make an informed financial decision.

Online programs differ in their learning formats and the concentrations they offer. These differences can help you choose the program best suited to your needs. Feriz-Gordon notes several questions you should consider:

She also stresses understanding the differences between various business majors. When choosing a school, you want to ensure it offers a program aligned with your academic and professional goals. A few of the business majors to consider include:

One of the most important factors in your decision, regardless of the specific kind of program you choose, should be accreditation. Both institutions and business programs can earn accreditation.

Accreditation ensures employers will recognize your degree and that you can easily transfer credits. Some state licensure tracks require you to attend an accredited school or program. To receive federal student aid, learners must attend an accredited school.

“Prospective applicants should ensure that their program is recognized and searchable in the Database of Accredited Postsecondary Institutions and Programs,” says Feriz-Gordon. “The online degree program should be accredited by either the U.S. Department of Education or the nonprofit Council for Higher Education Accreditation, which is responsible for overseeing programs and educational institutions.”

Business schools may receive accreditation from one of the following accreditors:

Students pursuing an online bachelor’s degree in business can often choose from a variety of courses and concentrations. Offerings vary by program. Below, you can explore a few common courses and concentrations often found in online business degree programs.

A bachelor’s degree in marketing teaches students how to identify marketing opportunities and develop and launch appropriate, forward-thinking business strategies. Courses cover topics like market research, consumer behavior, international marketing, and marketing communications. Graduates may work in areas such as advertising, sales management, distribution, and business marketing.

An online bachelor’s degree in finance gives students knowledge and skills applicable to careers in corporate finance, real estate, international finance, banking, and investments. Courses cover topics like financial markets, financial analysis and planning, accounting, and risk management.

A bachelor’s program in economics teaches students to research and analyze economic data and trends. With these skills, graduates can create economic forecasts and reports to advise companies on business policies and strategies. Common courses include intermediate micro and macroeconomics, capital markets, and international economics.

A concentration in business management is a popular choice for many undergraduate business students. Common areas of study include organizational behavior, negotiation, entrepreneurship, and human resources management. Graduates can pursue managerial roles in diverse industries.

A bachelor’s in international business examines global business concepts and perspectives. Common courses include international accounting and finance, management in a global economy, and cultural environments of international business. The concentration may also include study abroad experiences and foreign language courses.

In an online business degree, you’ll complete various types of courses, including general education, core, and elective classes. Some programs culminate with a project-based course, like a capstone.

Core coursework comprises the most of your curriculum with business-related subjects, while electives allow you to tailor your degree toward more specific business topics or unrelated subjects. The following list explores several common business classes.

Graduates with an online business bachelor’s degree can pursue a variety of roles across diverse industries. Knowing which direction to go can feel overwhelming. Feriz-Gordon suggests, “A good first step is researching the positions you are interested in or even learning which positions are available based on the degree you would be earning.

As you begin to tune into the roles available for that career trajectory, you can fine-tune the actual major or specific program that you pursue.”

The following list outlines popular careers for business graduates, including common duties and potential salaries.

As with on-campus programs, tuition costs vary significantly among online programs. Virtual degree programs are often comparable in price to on-campus programs. However, online students can find savings.

Many online programs do not charge out-of-state fees. Additionally, online students may save money on relocation costs and transportation.

Accredited online business programs require the same level of commitment and coursework as traditional programs. While you can expect the same academic challenges, some online programs offer greater flexibility, enabling you to work at your own pace.

Yes, online business degrees are respected. That said, make sure you earn your degree from an accredited institution. Accreditation ensures you will receive a high-quality education.

While some suggest that human resources, marketing, and organizational leadership are some of the easiest degrees to earn, it really depends on your own skills and preferences. Some students thrive at accounting, while others excel in entrepreneurial environments. It’s best to follow your passion and consider your strengths when choosing a business degree.