Best Online MBA Programs 2021

Best Online MBA Programs 2021

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The best online MBA programs give students the skills they need to assume leadership posititions in diverse industries.

Graduates of the top online MBA programs have many career opportunities and higher-than-average salary potential.

The Bureau of Labor Statistics (BLS) found that in 2013, business leaders with a master's degree earned substantially more than their peers with only a bachelor's degree. For example, professionals with a master's degree who worked in securities, commodities, and financial services earned median annual wages of $170,000, while professionals with just a bachelor's degree earned $90,000.

Top 10 Online MBA Programs of 2021

#1 University of Florida Gainesville, FL
#2 Florida State University Tallahassee, FL
#3 University of North Carolina at Chapel Hill Chapel Hill, NC
#4 University of South Florida Tampa, FL
#5 Penn State World Campus University Park, PA
#6 University of Southern California Los Angeles, CA
#7 Babson College Wellesley, MA
#8 Florida International University Miami, FL
#9 North Carolina State University at Raleigh Raleigh, NC
#10 University of Illinois at Urbana-Champaign Champaign, IL

The Best Online MBA Programs of 2021

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4

University of South Florida 

Tampa, FL Apply Now

About this school

From its Tampa campus, USF offers an online MBA program that builds analytical skills and creative abilities. Incoming students work with advisors to design the MBA online curriculum around their interests. For example, the program offers concentrations in cybersecurity, data analytics, healthcare analytics, and compliance.

During asynchronous courses, degree-seekers participate in collaborative sessions and team projects. USF also encourages network building throughout the program. Most USF students work full-time while pursuing the MBA, though the program also offers an accelerated one-year option.

5

Penn State World Campus 

University Park, PA Apply Now

About this school

Penn State offers highly customizable online MBA programs. Students can choose from over 20 concentrations to prepare for focused career paths. Concentration options include business sustainability strategy, corporate innovation, homeland security, and public administration.

The degree trains learners to manage high-performance teams and solve complex business challenges. Learners also study business operations, strategic management, and organizational behavior. Each Penn State MBA student must complete a five-day residency, during which they interact with their instructors and peers in person. The residency also includes career management workshops.

6

University of Southern California 

Los Angeles, CA Apply Now

About this school

USC offers the Marshall online MBA for students seeking a rigorous program with a flexible schedule. Throughout their coursework, learners explore real-world business scenarios to strengthen their practical skills. The degree trains enrollees to become strong communicators, effective decision-makers, and forward-thinking executives.

The MBA uses live class sessions to connect classmates with one another. During the online MBA, each student completes a one-week residency on USC's campus. Applicants need accredited bachelor's degrees and at least two years of work experience. USC also requires GMAT or GRE scores.

7

Babson College 

Wellesley, MA Apply Now

About this school

This private college in Wellesley, Massachusetts, offers a fully online MBA program. The program provides a flexible schedule that emphasizes experiential learning. Degree-seekers customize their degrees by selecting two-thirds of their courses from Babson's elective options. Electives allow students to complete independent research, pursue study abroad opportunities, or choose an intensity track, like social innovation, tech ventures, or science and technology.

The interdisciplinary curriculum covers organizational management, entrepreneurship, finance, and business analytics. During the Babson consulting experience, each enrollee completes a project-based assignment with a client partner.

8

Florida International University 

Miami, FL Apply Now

About this school

FIU is a public institution in Miami that prioritizes flexibility in its online professional MBA program. Students choose from three pacing tracks, five start dates, and eight specializations. Degree-seekers can complete the program in as little as 18 months.

During this MBA program, learners study strategic management, strengthen their collaboration and leadership skills, and solve complex problems. Online enrollees also participate in professional development seminars, a two-day residency, industry nights, and business career management services that help them connect with the FIU community.

9

North Carolina State University at Raleigh 

Raleigh, NC Apply Now

About this school

The professional online MBA program at NC State offers accelerated and flexible options. Students can complete the program in as little as 21 months or in up to six years, working with virtual teams to complete projects.

Each distance learner must complete two residencies in Raleigh as part of the degree. Applicants must submit a personal statement, resume, transcripts, two letters of recommendation, and GMAT or GRE scores. NC State also requires an admission interview. The program enrolls new students for fall or spring start dates.

10

University of Illinois at Urbana-Champaign 

Champaign, IL Apply Now

About this school

As the flagship institution in its state, U of I offers a fully online MBA program with no travel requirements. Enrollees complete live class sessions with interactive components, strengthening their strategic leadership skills while studying business analytics, value chain management, and entrepreneurship.

U of I reports that over half of its current MBA students received a promotion, job offer, or new position while pursuing their degrees. Spplicants need an accredited bachelor's degree with a minimum 3.0 GPA for the final two years.

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Ranking Methodology

Online MBA Programs Ranking Guidelines

Best Online Programs

We selected the following degree programs based on quality, curricula, faculty strength, school awards, rankings, and reputation, including the school's reputation for providing quality online programs. Our online MBA rankings employ the same methodology that we used to produce our ranking of the best online colleges.

Best Online Master's in Business Administration (MBA) Programs. Above angle image of business meeting with associates shaking hands over charts, documents, and a laptop.

What Is an MBA?

An MBA is an advanced degree that prepares students for leadership roles in diverse industries. Courses cover topics like leading and managing, using analytical tools for decision-making, analyzing and developing marketing tools, and understanding operations management. Students gain analytical, management, marketing, and communication skills, which they can apply to a variety of roles.

It is common for online MBA program applicants to be recent bachelor's graduates, current business professionals looking to advance their careers, or professionals in other industries seeking a career change.

How Are Online MBA Programs Accredited?

Prospective online MBA students should look for two types of accreditation when researching potential schools: regional and programmatic. The U.S. Department of Education oversees six regional accrediting bodies, which accredit schools based on where they are located. Regional accreditation indicates that a school meets high standards with respect to faculty qualifications, academic rigor, and student learning outcomes. There is also national accreditation, but it typically applies only to vocational or trade schools, not to business schools.

Programmatic accreditation applies to programs within a school. Online MBA programs may hold accreditation from the Association to Advance Collegiate Schools of Business, the Accreditation Council for Business Schools and Programs, or the International Assembly for Collegiate Business Education.

How Long Does It Take to Complete an Online MBA?

Online MBA programs typically take two years of full-time study to complete, but many programs also offer accelerated timelines that allow students to graduate in 12-18 months. Additionally, some schools offer 4+1 programs for students who want to pursue an MBA immediately after earning a bachelor's degree, allowing learners to graduate with an MBA in just one year.

What Else Can I Expect From an Online MBA Program?

When researching prospective online MBA programs, students should ensure potential programs offer concentrations and courses aligned with their career goals. Offerings vary by program, but the following sections outline common courses and concentrations found in online MBA programs.

Online MBA Courses

Online MBA programs focus on leadership and management skills in addition to traditional business best practices. A few common courses are outlined below.

Legal and Ethical Decision-Making

Typically taken in the first year, this course introduces students to some of the ethical and legal considerations that business leaders commonly encounter. Because many MBA graduates pursue managerial positions, they must understand how to ethically and legally interact with customers, clients, suppliers, and employers.

Students in this class learn how to make effective individual and company-wide decisions, understand common areas of unethical behavior (e.g., insider trading), and stay up-to-date on legal regulations. Learners may review case studies, participate in roleplaying assignments, and complete group projects.

Leadership Theory and Practice

Because so many MBA graduates work in leadership positions, this is often a core class in MBA curricula. Learners study how effective leaders provide oversight and support for employees and help their companies achieve goals. The course may use case studies of business and non-business leaders across history to help students identify effective and ineffective leadership strategies. Students often complete reflective papers and assignments that help them identify their leadership styles.

Information Technology

Businesses often rely on information technology to create internal and external computer networks, collect data and make data-driven decisions, and keep sensitive information secure. This course examines how information technology can inform and improve business functions. Students learn how to use databases, manage digital strategies, and extrapolate data for use in business decision-making.

Personnel Management

Sometimes known as human resource management, this course teaches students how to manage talent across their companies. Students learn how to hire effective employees, manage benefits programs, set competitive salaries, and provide meaningful training opportunities. Coursework also incorporates topics from industrial-organizational psychology to teach future managers how to maintain effective, efficient, and fulfilled employees.

Finance and Accounting for Managers

Business professionals typically need a basic understanding of finance and accounting to assess business performance, identify areas of improvement, and set strategic goals, even if they don't work in finance. This course examines financial accounting principles, international financial reporting standards, and industry standards and trends. Many online MBA programs also offer finance and accounting concentrations.

Marketing Management

This course teaches students how to incorporate marketing, branding, and advertising strategies to help organizations meet goals. Topics include segmentation and targeting, pricing and promotion, distribution, and brand allegiance. Students review marketing management case studies from a variety of companies and industries to identify best practices and areas of improvement.

Online MBA Concentrations

Because business is such a broad topic, most online MBA programs offer concentrations to help degree-seekers focus their skills. Below are a few common concentrations.

Marketing

Marketing concentrations are ideal for students who want to lead marketing departments and make high-level decisions about how companies are portrayed internally and externally. Courses cover topics like marketing analysis and development, global brand strategies, and how to use data analytics to inform marketing decisions. Graduates can pursue senior-level titles such as brand and product marketing manager, public relations director, marketing data analyst, and marketing director.

Finance

Finance concentrations provide an in-depth understanding of the financial tools and concepts that can improve companies. Students learn how to make effective financial decisions and keep organizations financially healthy. Classes cover topics like international financial markets, advanced corporate finance, venture capitalism and financial innovations, and behavioral finance.

Entrepreneurship

An entrepreneurship concentration teaches students how to create their own business ventures. Learners study concepts like finance, marketing, human assets, and management. Classes also cover venture capital and entrepreneurial management, strategies and practices of family-controlled companies, finance of buyouts and acquisitions, and intellectual property strategy for innovation-driven enterprises.

International Business

Designed for students who want to work in multinational corporations, international business concentrations teach students about global markets, international trends, and the rules governing how business is done around the world. Rather than focusing on a single topic, this concentration reviews traditional business topics — like human resource management and finance — through an international lens. Common courses include international business environments, international business law, and global operations for supply chain strategies.

Human Resource Management

Human resource management concentrations prepare students for roles managing human capital, such as training manager, compensation and benefits manager, and human resource manager. Courses may cover topics like foundations of human resource staffing, human resource management for general managers, talent management and development, and leading the strategic change process. Programs may also examine negotiation and conflict resolution strategies.

What Are Some MBA Salaries?

Online MBA programs prepare graduates to compete for a variety of jobs in diverse industries. The following list outlines common jobs and potential salaries for graduates.

Management Analysts

Median Salary: $83,610 Projected Job Growth: 14%


Also known as management consultants, management analysts help organizations improve efficiency. They may work in house for a single corporation or in a consulting role for several clients. When starting a new project, management analysts observe the workplace to identify efficiency problems. They may interview staff, review financial data, and collect other relevant information.

After identifying a problem, management analysts develop solutions based on organizational needs. They may introduce new systems, institute changes, or work with management teams to ensure effective implementation of plans.

Top Executives

Median Salary: $104,980 Projected Job Growth: 6%


Top executives sit at the helm of their companies, directing activities and setting short- and long-term goals. They devise strategic plans, liaise with other department leaders, and set organizational policies. They may also set budgets, negotiate large contracts, and review financial statements.

These individuals need strong leadership, problem-solving, communication, and decision-making skills.

Administrative Service Managers

Median Salary: $96,180 Projected Job Growth: 7%


Administrative service managers oversee clerical staff, create and monitor departmental goals, develop and implement operational policies, and oversee company-wide recordkeeping. These professionals may also oversee an organization's facilities.

When necessary, administrative service managers may call on outside vendors or specialists to repair equipment or introduce new technology. They must also ensure companies abide by local, state, federal, and industry regulations.

Financial Managers

Median Salary: $127,990 Projected Job Growth: 16%


Financial managers help companies understand their finances and increase their revenue. They may prepare financial statements, create income and loss forecasts, develop business activity reports, and present financial information to stakeholders. Financial managers need a keen eye for detail and strong analytical thinking and problem-solving abilities.

Frequently Asked Questions

What Does MBA Stand For?

MBA stands for master of business administration.

What Is an MBA?

An MBA is an advanced degree that prepares students for high-level business roles in fields like finance, human relations, and marketing.

What Can You Do With an MBA?

Online MBA programs prepare graduates for managerial and leadership roles in diverse industries.

Is an MBA a Master's?

Yes, an online MBA program is a master's degree. Applicants must have a bachelor's degree to apply for enrollment.

What Jobs Can I Get With an MBA?

Graduates can work in a variety of fields, depending on their interests and goals. Common jobs for graduates include top executive, marketing manager, and administrative service manager.

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