Most Affordable Online Business Degrees 2022

by TBS Staff Writers, Nalea Ko
reviewed by TBS Rankings Team
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Cheapest Online Business Degree

Business degrees help students develop the critical thinking, financial, management, and decision-making skills needed to contribute to a variety of organizations and industries.

According to data from the National Center for Education Statistics, 19% of college graduates in 2017-2018 majored in business.

The popularity of business degrees is due in part to their versatility. Graduates can find work in a range of positions across virtually any industry, including marketing, management, and finance. Data from the Bureau of Labor Statistics (BLS) projects faster-than-average job growth for business and finance professionals between 2018-2018.

Business is often a lucrative career choice, too. In just one example, graduates with a bachelor's degree in business are qualified to work as entry-level management analysts, who earn a median salary of $85,260 per year.

Finding the right program for you isn't just about finding the cheapest online business degree. This guide ranks the most affordable online business bachelor's degrees to help students find the right programs for their needs. It also covers other important information for prospective students, including common courses, admission requirements, and potential business careers and salaries for graduates.

Featured Online Bachelor's in Business Degrees

What Is an Online Bachelor's in Business Degree?

A bachelor's in business is an undergraduate program that provides students with a background in business concepts, legal and social responsibility, and management. Many schools offer affordable online business degrees where students develop core skills in areas like accounting and quantitative methods, leadership, communication, financial analysis, and problem-solving.

The most affordable online business degrees attract many types of learners. Recent high school graduates looking for a flexible college experience may seek out online programs, while working professionals may choose an online business degree to help them advance in their careers while maintaining employment.

Related Business Programs That Might Interest You

The Most Affordable Online Bachelor's in Business

#1 Online College in New York

Excelsior College

School Information
Location Albany, New York
Instituation Type Private
Accreditation Yes Middle States Commission on Higher Education

Fast Facts

School Type: Private

Concentrations Available: Finance, general accounting, general business, logistics management, management of human resources, marketing

Accredited By: International Accreditation Council for Business Education 

Do Distance Learners Pay In-State Tuition? No

Excelsior features a flexible 120-credit online business degree. Students earn credits through online courses, credit by exam, and experiences outside the classroom. 

The online business program prepares students for entry-level jobs with classes in business ethics, microeconomics and macroeconomics, and statistics. Other topics include data analysis, financial and managerial accounting, business law, and communication. Learners customize their education with six concentration options. They pick from finance, general accounting, general business, logistics management, management of human resources, and marketing

Students can transfer up to 48 credits and earn credit for military training. Excelsior also offers this degree through the dual-language ¡Adelante! program. Undergraduate business programs do not include any special admission requirements.

Available Scholarships: The Carole M. Thomas Scholarship Fund for Students in Business provides scholarships to business students who show financial need.

#2 Online College in Missouri

University of Missouri-Columbia

School Information
Location Columbia, Missouri
Admission Rate 81%
Graduation Rate 71%
Accreditation Yes Higher Learning Commission
Percent Online Enrollment 32% Percentage of all students who are enrolled online.

Fast Facts

School Type: Public

Concentrations Available: Economics, finance and banking, real estate, management, marketing, international business

Accredited By: Association to Advance Collegiate Schools of Business

Do Distance Learners Pay In-State Tuition? No

Mizzou's online business degree lets students with prior credits graduate within two years. The college accepts up to 66 transfer credits. 

The 120-credit program covers microeconomics and macroeconomics, accounting, marketing, and business law. Online learners pick an emphasis in economics, finance and banking, real estate, management, marketing, or international business. All students complete a senior capstone project.

Online learners benefit from the national mentoring program. Job recruiters seek Mizzou's business majors, who find jobs in business management, banking and finance, human resources, and marketing and sales. 

Available Scholarships: The George C. Brooks Awards provides $7,500 to Missouri residents and resident tuition to out-of-state students in a racial or ethinic minority group.

#3 Online College in North Dakota

Dickinson State University

School Information
Location Dickinson, North Dakota
Admission Rate 100%
Graduation Rate 41%
Accreditation Yes Higher Learning Commission
Percent Online Enrollment 42% Percentage of all students who are enrolled online.

Fast Facts

School Type: Public

Concentrations Available: Accounting, administration, finance, human resource management

Accredited By: International Accreditation Council for Business Education 

Do Distance Learners Pay In-State Tuition? Yes

DSU's online business degree offers concentrations in accounting, administration, finance, and human resource management. 

The online business program covers applying business theories, fixing financial management issues, and using financial accounting and reporting. Students complete 117 credits, including 34 business core, 25 pre-major, and 30 in their selected major. 

DSU offers in-state tuition to students living in 20 U.S. states and two Canadian provinces. See the full list of eligible residents on DSU's website. 

The degree can lead to careers as accountants, auditors, healthcare administrators, financial planners, and human resource managers. 

Available Scholarships: Presidential Scholarships provide students who meet academic standards with $1,600 each year. Transfer students need a 3.0 GPA and first-year applicants need a 3.25 GPA. 

#4 Online College in Michigan

Walsh College

School Information
Location Troy, Michigan
Instituation Type Private
Accreditation Yes Higher Learning Commission
Percent Online Enrollment 96% Percentage of all students who are enrolled online.

Fast Facts

School Type: Private

Concentrations Available: N/A

Accredited By: Accreditation Council for Business Schools and Programs

Do Distance Learners Pay In-State Tuition? Yes

Earning an affordable business degree online at Walsh lets students progress quickly with four 11-week semesters. Students can transfer up to 82 credits from a community college and graduate even quicker. 

The program requires 124 credits and students must complete at least 42 credits at Walsh. Business majors study financial and managerial accounting, business communications, financial management, and business-driven technology. Distance learners get free tutoring, mentoring, and access to career services even after they graduate. 

Walsh offers a FastTrack program, letting students earn their bachelor's and master's degrees in five years. Online business degree-holders become property managers, purchasers and buyers, medical and health services managers, and human resource supervisors. 

The program accepts new students with a regionally accredited associate degree or 60 credits and a 2.0 GPA. 

Available Scholarships: The Adele L. Caudill Memorial Scholarship gives business students with a 2.0 GPA up to $8,000. Preference goes to working moms.

#5 Online College in Ohio

Union Institute & University

School Information
Location Cincinnati, Ohio
Graduation Rate 58%
Instituation Type Private
Accreditation Yes Higher Learning Commission
Percent Online Enrollment 99% Percentage of all students who are enrolled online.

Fast Facts

School Type: Private

Concentrations Available: Applied technology and business leadership, healthcare administration, human resources management, organizational leadership

Accredited By: N/A

Do Distance Learners Pay In-State Tuition? Yes

Union puts students with prior college experience on an accelerated pathway to earn an affordable business degree online

Online learners complete one 16-week term, or two eight-week sessions, on a full-time or part-time basis. The program lets students transfer up to 90 credits. 

The 120-credit degree covers organizational behavior and culture, operations management, and strategic management and business policy. Students pick from four concentrations: applied technology and business leadership, healthcare administration, human resources management, or organizational leadership. 

The university offers start dates every eight weeks. 

Available Scholarships: Cincinnati Business and Professional Women's Scholarship Fund starting awarding scholarships in 1999. The scholarship accepts applicants from women 25 years old or older. 

#6 Online College in Kentucky

University of the Cumberlands

School Information
Location Williamsburg, Kentucky
Admission Rate 80%
Graduation Rate 44%
Instituation Type Private
Accreditation Yes Southern Association of Colleges and Schools Commission on Colleges
Percent Online Enrollment 91% Percentage of all students who are enrolled online.

Fast Facts

School Type: Private

Concentrations Available: Business administration, finance, strategic marketing

Accredited By: International Assembly for Collegiate Business Education

Do Distance Learners Pay In-State Tuition? Yes

UC's Hutton School of Business features two online business degrees with specializations in business administration, finance, and strategic marketing. 

Students can earn a BS with a business administration major or a BAS with a business administration concentration. Both degrees focus on teaching students the principles of accounting, statistics, analytics, marketing, and business ethics. 

UC lets students with a Somerset Community College associate degree transfer up to 80 credits. This allows them to earn an online business degree in under two years. 

Available Scholarships: The Christian Leadership Scholarship recognizes students demonstrating significant contributions as a leader in their local church.

#7 Online College in Kansas

Kansas State University

School Information
Location Manhattan, Kansas
Admission Rate 95%
Graduation Rate 65%
Accreditation Yes Higher Learning Commission
Percent Online Enrollment 27% Percentage of all students who are enrolled online.

Fast Facts

School Type: Public

Concentrations Available: Data analytics, human resource management, marketing, operations/supply chain management

Accredited By: Association to Advance Collegiate Schools of Business International

Do Distance Learners Pay In-State Tuition? Yes

K-State lets students earn an affordable business degree online and prepare for their specific career goals. Concentration options include data analytics, human resource management, marketing, and operations and supply chain management.

The 120-credit program focuses on building a strong business foundation. Online degree-seekers learn about accounting, finance, business strategy, ethics and corporations, marketing, and operations and supply chain management. The curriculum prepares graduates for careers in banking, small business, government agencies, advertising, and accounting. 

Eligible applicants, including incoming first-year, transfer, and international students, need a 2.5 GPA. Online learners pay the same tuition rates whether they live in Kansas or out-of-state. 

Available Scholarships: The Transfer Phi Theta Kappa Award provides a one-time $500 scholarship to incoming community college transfer students with a 3.5 GPA.

#8 Online College in Missouri

Central Methodist University-College of Graduate and Extended Studies

School Information
Location Fayette, Missouri
Admission Rate 100%
Instituation Type Private
Accreditation Yes Higher Learning Commission
Percent Online Enrollment 57% Percentage of all students who are enrolled online.

Fast Facts

School Type: Private

Concentrations Available: Marketing and advertising, management, business administration, banking and finance, entrepreneurship, agribusiness, international business

Accredited By: N/A

Do Distance Learners Pay In-State Tuition? Yes

CMU's online business degree offers a curriculum combining business law, sales management, advertising, fraud examination, business communication, and strategic marketing. Online learners choose from a bachelor in arts degree or a bachelor in science degree. 

Both of the online business programs feature law, accounting, management, and marketing classes and a senior capstone. Degree-seekers must complete 120 credits, including 18 concentration credits. Students pick marketing and advertising, management, business administration, banking and finance, entrepreneurship, agribusiness, or international business.

Students gain work experience by joining Enactus, a student-run business service organization. It provides social entrepreneurship and business consulting to area small businesses. 

Available Scholarships: The Gulstad Scholars Transfer Scholarship recognizes students with 2.75 GPAs from CMU-partner community colleges who want to study online.

#9 Online College in Nebraska

Bellevue University

School Information
Location Bellevue, Nebraska
Graduation Rate 24%
Instituation Type Private
Accreditation Yes Higher Learning Commission
Percent Online Enrollment 95% Percentage of all students who are enrolled online.

Fast Facts

School Type: Private

Concentrations Available: N/A

Accredited By: International Accreditation Council for Business Education

Do Distance Learners Pay In-State Tuition? Yes

BU provides an accelerated online business degree that lets associate degree-holders graduate in about 18 months. 

Students complete 127 credits, including 37 general education, 40 major, and 50 elective. They take six-week sessions, with two sessions per term. Lessons teach students about communications, marketing, human resources, and finance and accounting principles. 

Transfer students can bring in up to 60 credits from a regionally accredited school. BU also offers credit for military experience and training. Learners take all courses at their own pace online, or opt for some on-campus classroom time.

BU prefers applicants with at least three years of professional work experience. 

Available Scholarships: The Christ Child Scholarship provides a renewable scholarship to single-parent students who permanently reside in Nebraska. Applicants must show financial need and a 2.5 GPA.

#10 Online College in Wisconsin

University of Wisconsin-Whitewater

School Information
Location Whitewater, Wisconsin
Admission Rate 79%
Graduation Rate 62%
Accreditation Yes Higher Learning Commission
Percent Online Enrollment 38% Percentage of all students who are enrolled online.

Fast Facts

School Type: Public

Concentrations Available: Safety and risk management

Accredited By: Association to Advance Collegiate Schools of Business

Do Distance Learners Pay In-State Tuition? Yes

UW-Whitewater features an online business degree emphasizing safety and risk management. 

Earning an online business degree requires 120 credits, including 20 community service hours. Coursework covers financial accounting, managerial accounting, business writing, statistics, information systems, business and commercial law, and marketing. 

Students take electives in project management and business planning, legal issues and risk management, social responsibility, and interpersonal and management skills. 

Graduates find careers in education, nonprofits, government, and business. Wisconsin residents, out-of-state students, and international students all pay the same tuition rate per credit. 

Available Scholarships: The King/Chavez Scholarships Program provides up to $5,000 to students from underrepresented groups. Applicants must show a 3.0 GPA.

Best Online Programs

Online Bachelor's in Business Programs Ranking Guidelines

We ranked these degree programs based on quality, curricula, school awards, rankings, and reputation.

Choosing an Online Program

Prospective students should take time to evaluate multiple options before committing to a program. Visit the link below to learn about important factors to consider throughout your selection process.

What to Expect From a Bachelor's in Business Program?

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.

Business Concentrations

Marketing

This concentration 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.

Finance

This concentration 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.

Economics

This concentration 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.

Management

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

International Business

This concentration examines international 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.

Featured Online Bachelor's in Marketing Degrees

Bachelor's in Business Curriculum

  • Business Law: A course in business law explores the nature and function of law in a business environment. Learners study the legal system, various types of law, consumer issues, and contract formation and breaches.
  • Principles of Management: This course provides an introduction to the basic managerial functions of planning, organizing, and leading businesses. Students learn to effectively lead employees by understanding individual needs and motivations. They often apply course concepts to practical workplace scenarios to study the roles and responsibilities of managers.
  • Financial Management: This course examines the role of financial managers in large corporations, small businesses, and new business endeavors. Coursework covers topics like financial analysis, forecasting, asset and liability management, and fundraising.

Business Careers

Graduates with an online business bachelor's degree can pursue a variety of roles across diverse industries. The following list outlines popular careers for business graduates, including common duties and potential salaries.

Management Analysts
Median Salary (2019): $85,260 Projected Job Growth (2019-2029): 26%

Management analysts, sometimes called management consultants, make recommendations to improve organizational efficiency. Many management consultants work as contractors rather than full-time employees. They may specialize in areas like healthcare or telecommunications.

Management analysts work closely with an organization's managers. Common tasks include interviewing and observing personnel, analyzing financial data, and developing solutions to problems.

Entry-level management analysts typically need at least a bachelor's degree and several years of relevant work experience, and some employers prefer to hire candidates with an MBA. These professionals benefit from strong analytical, communication, and problem-solving skills.

Accountants
Median Salary (2019): $71,550 Projected Job Growth (2019-2029): 6%

Accountants provide financial services for individual and corporate clients. They may examine financial records for accuracy and compliance with regulations, prepare tax returns, assess financial operations, and make suggestions to enhance revenue or reduce costs.

Accountants may specialize in a certain area, such as providing services to the general public, aiding internal business operations, or working on behalf of government agencies.

Entry-level accountants typically need a bachelor's degree. This career requires keen analytical, organizational, and communication skills.

Human Resources Specialists
Median Salary (2019): $61,920 Projected Job Growth (2019-2029): 5%

Human resources specialists work for an organization's HR department, interviewing job applicants, contacting references, aiding with new employee orientation, and processing paperwork and employment records. They may also process payroll, administer benefits, and handle employee questions or problems.

This career typically requires a bachelor's degree in business, human resources, or a related field. Some positions may require previous work experience in an HR department or in customer service.

Human resources specialists can pursue certification through organizations like the Society for Human Resource Management. They benefit from strong communication and decision-making skills.

Featured Online Bachelor's in Business Degrees

Frequently Asked Questions About Affordable Bachelor's in Business Degrees

How Long Does It Take to Complete a Bachelor's in Business Program?

An online bachelor's in business typically takes four years of full-time study to complete.

What Can I Do With a Bachelor's in Business?

A bachelor's in business prepares graduates for entry-level opportunities in diverse industries, such as marketing, management, finance, and accounting.

Is a Business Degree a BA or a BS?

Although some programs award bachelor of arts degrees, most online business bachelor's programs result in a bachelor of science or a bachelor of business administration degree.

Which Business Concentration Is the Best?

The best concentration for a business student depends entirely on their own interests and goals. General tracks are available for students who aren't sure of their professional goals.

Do You Need a Bachelor's in Business to Get an MBA?

No, business schools consider MBA applicants with backgrounds in nearly any academic discipline. MBAs are interdisciplinary programs designed to suit diverse student populations.

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