Online business degrees are surging in popularity. But what does an online business degree cost? Read on to find out!
Business has always been a popular degree choice. And online business degrees have been popular for quite some time. The pandemic has only increased interest for getting an business degree online.
There are a wide range of programs available. In fact, there are over 40,000 business degree programs to choose from! From certificate only online only schools to getting an MBA from Brown University, an Ivy League school.
So how much do these degrees cost. Obviously with so many programs, the cost can vary quite a bit. However, below we’ll look at the average costs of different options to give you a good idea of what to expect.
What Does an Online Business Degree Cost?
If you’re planning on getting a bachelor’s degree in business administration, you’ll find a big difference in tuition costs. Typically, the annual tuition fee costs average around $9,000.
Public universities offer a lower rate averaging at $7,605 annually for in-state students. For out-of-state students, the annual tuition costs around $11,990 a year. On the other hand, private universities charge a higher rate at around $27,293 per year.
There’s also the option to get an MBA. This will cost around $40,000 per year on average. That compares to about $140,000 for an in person MBA degree.
If you stay in state, especially, you can find very affordable MBA programs that cost as little as $10,000 or so.
Typically, MBA programs run for two years. However, there are a lot of different factors that affect these costs, so it’s important to do your research first before you make a decision.
Why You Should Take Earn Your Business Degree Online
There are a lot of benefits to getting your business degree online. First, the costs will be cut way down. Part of it is because tuition costs are much lower to begin with. But there are other savings as well.
One thing that cuts down on costs even further is you don’t have to worry about on campus housing costs or the daily expenses such as commuting fees and more.
Another great thing about getting a business degree online is you can manage your own time and study when it’s the most convenient for you. For some, online classes help them focus on their classes better. And if you’re working a job, you can continue doing so while you do your studies online.
Most of the time, getting a bachelor’s degree or an MBA takes around 2-4 years.
Earning your business degree can be an excellent way to get started to your chosen career field. An online business degree can open a lot of doors for you. It can lead you to an exciting career in a wide range of industries.
There are a lot of universities that allow online classes for their MBAs and bachelor’s degree in Business Management. Some of the most affordable right now are:
- Laramie County Community College
- Fayetteville State University
- Hutchinson Community College
- University of Louisiana – Monroe
- State Fair Community College
This is part of our series on How much does online college cost?
Check out the next article about the costs of getting an online criminal justice degree.