February 3, 2023

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Looking for an affordable online MBA option? This new program costs less than $15K

BY Sydney LakeJanuary 09, 2023, 2:08 PM

Downtown Dubuque, Iowa noticed from the Julien Dubuque Monument, as viewed in June 2018. (Image by Lauren Justice—The Washington Post/Getty Illustrations or photos)

Total-time, in-human being MBA programs continue on to be a well-known selection for graduate reports, but on-line choices have basically grown to enroll more pupils. In the course of the 2020-2021 academic year, 45,038 learners had been enrolled in on line MBAs systems in the U.S., when 43,740 have been enrolled in entire-time packages, in accordance to the Affiliation to Progress Collegiate Schools of Enterprise (AACSB).

That change is not stunning presented that numerous enterprise schools both of those large and tiny have launched on the net MBA courses in the previous few of decades, which includes New York University Stern Faculty of Business enterprise, the College of Tennessee—Knoxville, and even the Wharton Faculty of the University of Pennsylvania declared its hybrid govt MBA application final yr. Becoming a member of the litany of business faculties starting an on the internet MBA presenting is the College of Dubuque, a non-public school located in its namesake town in Iowa.

The university declared in early January the inception of its on line MBA as a result of a partnership with on-line education and learning provider upGrad. Whilst some on the net MBA packages can price tag anyplace in between $20,000 and much more than $100,000, Dubuque is touting a somewhat low sticker rate. On the internet MBA students at Dubuque can complete their degree for fewer than $15,000. Fortune ranks the most economical on the net MBA programs—many of which are also in this rate vary.

“We hope that by providing an affordable, superior-high-quality and remarkably accessible online MBA, we can help promptly develop our developing Dubuque neighborhood to learners across the country and even globally,” Ricardo Cunningham, University of Dubuque’s dean for graduate and adult experiments, tells Fortune. “At a overall charge of less than $15,000, we want aspiring organization leaders to be equipped with the information they will need to succeed without the need of breaking the financial institution.”

How the on the internet MBA program works

The MBA application at Dubuque is 100% on the web and can be accomplished in as tiny as 15 months. Programs will have each synchronous (stay) and asynchronous content material, which include weekly live online lessons. Students can interact on discussion boards and talk to questions of other learners, college, or educating assistants. 

Whilst some MBA courses present specializations, Dubuque students will have the possibility to receive “skills badges” in addition to pursuing a specialization in analytics, finance, promoting, management, or standard business. Some of the badges contain details-driven advertising and marketing, economic analytics, marketing leadership, and finance administration.

These badges are shareable, meaning they can be connected to resumes or on LinkedIn. Mainly because they’re joined to specific pairings of elective programs and are designed into the curriculum, there is no excess price tag in pursuing a abilities badge, Cunningham states.

“We also comprehend that if we truly want to make a system that puts pupils to start with, we want to deliver avenues for them to speed up their careers as rapid as doable,” he adds. “Badges give our learners the possibility to show hugely in-demand competencies as they master, generating them a lot more valuable to recent and opportunity businesses.”

How to implement to the on-line MBA system

To apply to the 36-credit hour plan, possible students must have a bachelor’s diploma from a regionally accredited college and be equipped to provide formal transcripts. Applicants also have to have an undergraduate GPA of at the very least 2.5. There is no price to use, and candidates do not require to submit a GMAT or GRE rating.

“We want our graduates to wander absent with an training that lives up to our mission by delivering them with a method curriculum pertinent to today’s workforce that makes it possible for them to respond to issues they at the moment confront,” Cunningham states. “We comprehend that the earth is transforming, as is the place of work, so we wanted a program that reflects that.”

Look at out all of Fortune’s rankings of diploma systems, and find out more about specific career paths.