A business degree earned online equips graduates for a variety of job options by providing both general and specific business knowledge. While MBA programmes develop more sophisticated abilities, bachelor’s degrees cover essential business concepts.
A high school diploma or GED is required for admission to bachelor’s programmes. Depending on their age, they might also have to submit their SAT or ACT scores. A bachelor’s degree is required for admission to master’s programmes, though frequently not one in business. Additionally, prospective students could be required to submit their GRE or GMAT scores.
This page lists the top business degrees available online, along with their fees and specialisation possibilities.
Why Get an Online Business Degree?
The information you gain from a business degree expands in fields like management, marketing, economics, and finance. Connecting with other aspiring business professionals gives learners the chance to network and exchange ideas. The convenience of completing a degree online allows you to keep your job and income.
The top online business degrees equip students with the knowledge and contacts needed to succeed in the workplace. Since many of these programmes are asynchronous, students can complete their coursework on their own time.
How Much Does an Online Business Degree Cost?
School, degree level, and programme length all affect tuition. Private colleges typically charge more than public ones. The least expensive tuition is typically paid by students attending in-state public schools.
A bachelor’s degree cost $20,600 on average per year in tuition at public colleges in 2018–19. The cost of private institutions was $44,660. These costs include lodging and board, which distance learners do not have to pay.
A master’s degree cost $12,410 on average per year in tuition at public colleges in 2019–20. The average annual tuition for private colleges was $26,600.
Additional Online Student Fees
Online learners do not pay for housing or meal plans on campus. They may, however, pay technology costs for online learning resources and technical assistance. Budgeting for textbooks and course materials is also advised for online learners. Some courses charge a fee for graduation.
The best online MBA programmes might have elements that take place on campus. Online learners should budget for their travel and lodging costs.
How Much Do Business Majors Make?
Graduates have a wide range of business careers to choose from. They might be employed in accounting, finance, marketing, or sales. Graduates with a bachelor’s degree in business typically earn starting earnings between $48,000 and $59,000, according to the National Association of Colleges and Employers.
With an advanced degree, such as an MBA, students can increase their earning potential. MBA graduates made a median salary of $115,000 per year in 2020, which was more than most bachelor’s degree holders made. Students who enrol in the top online MBA programmes are prepared for lucrative management positions.
Specializations for Business Majors
The best online business degrees provide many specialisation options. Programs may refer to them as paths or concentrations. Undergraduate and graduate specialities may be offered by schools.
MBA applicants have the option of enrolling in a programme designed just for their area of interest. Students can frequently choose elective courses that are related to their area of interest, even if a business programme does not offer a specialisation track.
Three typical business specialisations are listed below. Not all programmes offer these tracks, so keep that in mind.
- Manage Human Resources Specialists in human resources concentrate on the best methods for managing the workforce of a firm. Knowledge of benefits and compensation, mediation techniques, and talent acquisition are all enhanced by this speciality. Graduates have the option of working in HR departments or pursuing a master’s degree to enter HR management.
- Management of Information Technology Various information technology tools are essential to organisations. Students that pursue this specialty will be equipped to oversee IT departments and solve technological problems. Students get knowledge on how to evaluate a company’s requirements and apply new technology. Graduates can work as chief technology officers or IT managers.
- Understanding consumer behaviour and having successful customer communication are the main goals of marketing. Participants in this specialisation learn how to develop original marketing plans and assess the efficiency of current ones. The psychological, sociological, and economic aspects of marketing strategy are covered in courses. Graduates can find employment as marketing managers or specialists.
Frequently Asked Questions About Business Degrees
How long does it take to get a business degree online?
Full-time enrollees can complete a bachelor’s degree in four years and an MBA in two years. Learners can explore accelerated business programs to graduate sooner.
How much does it cost to get an online degree?
Tuition rates vary by program and school. According to EducationData.org, an online bachelor’s degree cost an average of $51,090 as of August 2021.
Can you obtain a business degree online?
Yes. Students can earn many of the best online business degrees fully online. Some programs include in-person requirements.