Best Online Master's in Management Programs

An online master's in management degree can prepare you for various leadership roles. Discover the best online master's in management programs.
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Updated August 3, 2023

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Pursuing an online master's in management can help you expand your career opportunities. This credential can open the door to a completely new career, or help you get a promotion or raise in your current field.

A master's in management is a type of business degree that focuses on management and leadership. Every industry seeks professionals with these skills, making it a very versatile degree that can lead to diverse career opportunities.

Although they share some similarities, a master's degree in management and a master of business administration (MBA) are not identical. A typical MBA program covers business foundations like accounting and finance, while a master's in management program focuses on the human side of business. Many MBA programs offer a management concentration.

The rest of this article includes a list of the best online master's in management programs and explains what you can expect while earning this degree. We also describe potential career opportunities for graduates with a master's in management.

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Recommended Schools for an Online Master's Degree in Business Management

What Is a Master's in Management Degree and What Can You Do with One?

A master's in management is a type of business graduate degree that can help students learn how to effectively lead people and organizations to meet business goals. Management programs cover topics like management, leadership, strategy, and business fundamentals. Potential courses explore becoming ethical leaders, communication strategies, and business operations.

It typically takes two years or less for full-time students to complete a master's in management degree program. However, some schools may offer accelerated online master's in management programs that let learners graduate in less time.

Admission requirements for this degree include a bachelor's degree. Some programs may require the completion of introductory business prerequisites for applicants with undergraduate degrees in a non-business fields.

Management graduates can take on important roles in business, the nonprofit sector, and government. Career options for master's in management degree-holders depend on previous education and experience but may include sales manager, financial manager, computer and information systems manager, or human resources manager.

Is a Masters in Management Worth It in 2023?

Online master's in management programs can definitely pay off in 2023. To decide if earning a master's in management is worth it to you, research the cost of a prospective degree and your projected salary after graduation to calculate the return on investment.

Management professionals typically earn higher-than-average salaries and can expect a good career outlook in the coming years.

According to the Bureau of Labor Statistics (BLS), people in management occupations earned a median annual salary of $102,450 in May 2021, the highest wage of all occupational groups. The BLS also projects 8% growth for management occupations between 2021 and 2031, faster than the average for all jobs.

One of the lowest-paying positions you could pursue with this degree is preschool and childcare center director. These professionals earned a median annual salary of $47,310 in 2021, according to the BLS. These directors lead and oversee programs, staff, and daily activities at preschools and childcare centers.

One of the highest-paying roles potentially open to people with a master's in management is computer and information systems manager. The BLS reports that these workers earned a median of $159,010 per year in May 2021. Learn more about some of the best careers and their salaries below.

What Are the Best Careers and Salaries?

Online master's in management programs can prepare you for high-paying management careers in various industries. Management is a broad job category that encompasses every industry. Managers usually perform high-level work that may include overseeing other employees, creating business plans, and setting budgets.

Management roles include everything from architectural and engineering managers and financial managers to sales managers and natural sciences managers. Some of these roles require additional training, education, and/or relevant experience.

Tech-savvy individuals with significant computer experience might qualify for one of the highest-paying management roles: computer and information systems manager. These professionals earned a median annual salary of $159,010 in 2021, per the BLS.

Human resources managers are found in every industry and earned a median annual salary of $126,230 the same year. Many diverse fields also seek skilled training and development managers, who made a median wage of $120,130, according to the BLS.

Explore the table below for some of the best management careers and their salaries.

Popular Management Careers
Career Median Annual Salary (May 2021)
Advertising, Promotions, and Marketing Managers $133,380
Architectural and Engineering Managers $152,350
Computer and Information Systems Managers $159,010
Financial Managers $131,710
Human Resources Managers $126,230
Natural Sciences Managers $137,900
Public Relations and Fundraising Managers $119,860
Sales Managers $127,490
Training and Development Managers $120,130

Source: BLS

MBA vs. MIM: What's the Difference?

An MBA is a broader degree that focuses on various business functions, including finance and accounting. A master's in management is a specialized type of business degree program that teaches general business knowledge but spends significant time exploring how people impact business. Management majors spend more time learning management and leadership skills compared to MBA students.

In many cases, students can choose a management-focused concentration as part of an MBA curriculum.

Students decide whether to choose an MBA or MIM based on their career goals. Learners who know they want to pursue a management role can benefit from the specialized knowledge and skills gained while pursuing an online master's in management. Those who want to keep their options more open may want to earn an MBA.

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Master of Arts in Management vs. Master of Science: What's the Difference?

Most online master's in management programs offer a master of science (MS) degree rather than a master of arts (MA) degree. In general, an MA includes a more liberal arts and general business focus, potentially preparing students for a broader variety of career opportunities. An MS typically emphasizes specialized business skills.

However, an MA in management would be uncommon — you are much more likely to find programs offering an MS in management.

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How Long Does It Usually Take to Get a Master's Degree in Management Online?

The typical master's in management online program takes less than two years for full-time students to complete. Some schools offer accelerated online degrees that include access to year-round classes or a competency-based curriculum that lets learners move on from one course to another after they master the material.

Online management programs appeal to many students, but especially working professionals who want to avoid putting their life on hold while earning a graduate degree. Most online programs provide convenience and flexibility, letting students complete coursework whenever and wherever they want. This reduces some of the barriers to higher education that a traditional on-campus program may pose.

What Are the Main Courses I Will Take When Getting a MIM?

The chart below describes courses students might take in some of the best master of management programs. The exact curricula and classes vary by school.

Master's in Management Curriculum

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Colleges Offering the Best Programs for Online Masters in Management

A large selection of online options offers students endless opportunities in the field of management. Before you write your tuition check, it is imperative to ensure you are enrolling in a quality program.

Our top 10 ranking is determined by three factors: student feedback, accreditation, and graduate success. Past and current students are gathered from a range of online student rating sites. Topics include campus, course selection, and faculty relations. Accreditation is dependent on entrance exams, student/faculty ratio, graduation rate, endowment, and reputation.

Graduate success is measured by weighing the financial costs, including aid, against average salary. We rely on data from the National Center for Education Statistics' Integrated Postsecondary Education Data System (IPEDS) database, Payscale, and individual college websites.

These rankings include sponsored results from our partners. We use publicly available provisional datasets from IPEDS to inform the data for these schools. All data is current as of the date this article was published. Program-specific information may vary.

#1 Best Online Master’s in Management Programs

Indiana University Bloomington

  • Bloomington, IN
  • 4 years
  • Online + Campus

Indiana University Bloomington’s academic catalog includes rigorous graduate education available online. A notable option is the MS in strategic management developed for learners with a bachelor’s in management. Enrollees have more control over their schedules by completing the rigorous graduate curriculum remotely.

The benefits of a 16-to-1 student-to-teacher ratio that students enjoy include individualized attention, more room to collaborate, and faculty mentorship opportunities. Learners receive strong preparation using a curriculum that emphasizes advanced theoretical concepts and practices in management. This higher-level academic preparation is a prerequisite for career advancement or a doctoral program in this field and related ones.

The tuition rate stands at $9,501 per year for Indiana residents, and $31,932 for out-of-state residents. Many degree-seekers reduce this bill with grants and scholarships from the school and third parties. They may also be directed to financial aid, used by about 31% of the school’s enrollees, as a means to fund their education.

Average Undergrad Tuition
In-state
$9,815
Out-of-state
$36,194
Average Graduate Tuition
In-state
$9,786
Out-of-state
$31,932
Retention Rate
91%
Acceptance Rate
80%
Students Enrolled
43,064
Institution Type
Public
Percent Online Enrollment
93% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#2 Best Online Master’s in Management Programs

Boston University

  • Boston, MA
  • 4 years
  • Online + Campus

From the Massachusetts campus, Boston University is a private college with graduate programs in different fields. With a total of 24 remote master's degrees available, the institution is a leader in online education for graduate students. Among these is its master of science in project management for graduate learners in business management.

The management program can fit into busy schedules because of its adaptability and flexibility. Students can earn the degree by attending sessions and completing coursework at convenient times that often do not require real-time interaction. This format does not come at the expense of academic rigor or advanced career preparation.

Applicants receive admittance at a rate of 19% per year, but some programs may vary. A bachelor’s degree in the field, or a related one, is the usual threshold for entry into a master’s program. Contact the school to see how to apply to this program and submit the required documents.

Average Undergrad Tuition
In-state
$56,854
Out-of-state
$56,854
Average Graduate Tuition
In-state
$56,854
Out-of-state
$56,854
Retention Rate
92%
Acceptance Rate
20%
Students Enrolled
32,718
Institution Type
Private
Percent Online Enrollment
12% Percentage of all students who are enrolled online.
Accreditation
Yes New England Commission on Higher Education

#3 Best Online Master’s in Management Programs

Michigan State University

  • East Lansing, MI
  • 4 years
  • Online + Campus

Michigan State University, a public college, offers graduate programs in different fields from the East Lansing campus. People interested in graduate programs they can pursue from a distance can choose from 19 master's degrees available online. The master's in management, strategy, and leadership is one such option for students interested in the field.

Online education's flexibility and adaptability make it an attractive choice for many graduate students. Caretakers, workers, and other busy enrollees appreciate the ability to schedule instruction and coursework in a way that works with their schedules. Students receive the rigorous academic preparation they expect without sacrificing quality.

Applicants receive admittance at a rate of 71% per year, but some programs may vary. Master's degree-seekers usually need to have a bachelor's degree in the same or a similar field in order to receive consideration. Consult with the program to find out more about entrance and application requirements like transcripts, interviews, and recommendation letters.

Average Undergrad Tuition
In-state
$15,555
Out-of-state
$40,384
Average Graduate Tuition
In-state
$18,858
Out-of-state
$37,056
Retention Rate
91%
Acceptance Rate
76%
Students Enrolled
49,695
Institution Type
Public
Percent Online Enrollment
92% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#4 Best Online Master’s in Management Programs

Penn State World Campus

  • University Park, PA
  • 4 years
  • Campus

Penn State World Campus, a public college, develops programs that provide a unique learning experience requiring little to no attendance on the University Park campus. A leader in online graduate education, the institution offers 52 online master's degrees. Those interested in the business management field should explore the master of engineering management.

Graduate students can use online education such as this program to accomplish a goal that may otherwise seem unachievable because of logistical issues. Caretakers, workers, and other busy enrollees appreciate the ability to schedule instruction and coursework in a way that works with their schedules. Students receive the rigorous academic preparation they expect without sacrificing quality.

The school accepts an average of 76% of applicants each year, though this number can vary between programs. Interested learners will need a bachelor's degree in order to be considered for this program, but other requirements may apply. Contact the school to see how to apply to this program and submit the required documents.

Average Undergrad Tuition
In-state
Not provided
Out-of-state
Not provided
Average Graduate Tuition
In-state
Not provided
Out-of-state
Not provided
Retention Rate
Not provided
Acceptance Rate
Not provided
Students Enrolled
Not provided
Institution Type
Public
Percent Online Enrollment
Not provided
Accreditation
Yes Middle States Commission on Higher Education

#5 Best Online Master’s in Management Programs

Stevens Institute of Technology

  • Hoboken, NJ
  • 4 years
  • Online + Campus

Business management students from around the country attend Stevens Institute of Technology for the top-ranked online master of engineering in engineering management, one of the best programs in its class. The degree goes much deeper in training highly skilled workers in the field compared to a bachelor's. The master's in engineering management provides preparation for a terminal degree such as a Ph.D.

People see the appeal of remote learning, and that is a draw for the school. Students report being able to work and prioritize other obligations without sacrificing advanced education. Enrollees benefit from a supportive learning environment no matter the mode of delivery they choose to pursue advanced education at this institution.

The application requirements for this program include a bachelor’s degree and transcripts, but the department can provide more information. About 40% of applicants get accepted to this school on average, but applicants may find that programs have different averages. Popular funding streams for those who qualify include loans and scholarships, and tuition costs New Jersey residents about $36,680 per year.

Average Undergrad Tuition
In-state
$53,828
Out-of-state
$53,828
Average Graduate Tuition
In-state
$37,414
Out-of-state
$37,414
Retention Rate
93%
Acceptance Rate
53%
Students Enrolled
7,257
Institution Type
Private
Percent Online Enrollment
34% Percentage of all students who are enrolled online.
Accreditation
Yes Middle States Commission on Higher Education

#6 Best Online Master’s in Management Programs

The University of Alabama

  • Tuscaloosa, AL
  • 4 years
  • Online + Campus

Business management students attend The University of Alabama for top-ranked degrees such as the online master's degree in management with a concentration in global business. A bachelor’s degree provides foundational education compared to the advanced training in this program. Students earn this master of arts in management so they can also pursue a doctorate later on if they choose.

Learners like the fact that this program’s format helps them more efficiently manage their time. The program gives them an opportunity to manage various aspects of their lives without sacrificing the advanced education a master’s degree provides. Another benefit is the support that enrollees receive from faculty and services such as career advising to help enrollees plan their future.

The application requirements include a bachelor’s degree, unless the program states otherwise. School data show the acceptance rate stands at 83%, but some programs may differ. Once accepted, students can explore financial aid options to help pay for tuition, which stands at around $10,780 per year for Alabama residents.

Average Undergrad Tuition
In-state
$10,780
Out-of-state
$30,250
Average Graduate Tuition
In-state
$10,780
Out-of-state
$30,250
Retention Rate
87%
Acceptance Rate
80%
Students Enrolled
37,840
Institution Type
Public
Percent Online Enrollment
90% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

#7 Best Online Master’s in Management Programs

Embry-Riddle Aeronautical University

  • Daytona Beach, FL
  • 4 years
  • Campus

Without significantly interrupting their lives, graduate students can earn degrees at Embry-Riddle Aeronautical University, an institution that emphasizes flexibility and accessibility. Though located in Daytona Beach, Florida, the school offers online master's degree opportunities for remote learners, including the master of science in engineering management. This adaptable degree is ideal for full-time workers, caregivers, and others who want to pursue graduate education but need flexibility to do it.

Applicants will need to review the program page for more admissions information, but a bachelor’s is usually a starting point for a master's program. The program provides advanced education beyond a bachelor’s, preparing enrollees for career advancement and other opportunities. Another benefit of this degree is preparation for a doctoral program or another terminal credential.

Students studying from within Florida or other states pay an average of $17,712 per year. Learners can contact the financial aid department to find out more about if they qualify for grants and scholarships. Loans offer a viable option to help fund students’ tuition bills.

Average Undergrad Tuition
In-state
$36,456
Out-of-state
$36,456
Average Graduate Tuition
In-state
$18,228
Out-of-state
$18,228
Retention Rate
79%
Acceptance Rate
61%
Students Enrolled
8,797
Institution Type
Private
Percent Online Enrollment
49% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

#8 Best Online Master’s in Management Programs

Concordia University, St. Paul

  • Saint Paul, MN
  • 4 years
  • Online + Campus

Concordia University, St. Paul is a private college in Minnesota. The institution’s 20 online master's degrees are a big draw to many people who want to study from wherever they live. Learners interested in business management can pursue the master's degree in leadership and management among the options.

Logistics is no barrier to earning this degree, which was designed with adaptability and flexibility in mind. Professionals, caretakers, and other busy enrollees can attend virtual sessions and complete assignments at convenient times. The program provides this opportunity without sacrificing the rigor that prepares students for higher-level work and further education.

The admission rate for this school is 98% on average per year, but expect some variations across programs. Master's degree-seekers usually need to have a bachelor's degree in the same or a similar field in order to receive consideration. Consult with the program to find out more about entrance and application requirements like transcripts, interviews, and recommendation letters.

Average Undergrad Tuition
In-state
$23,400
Out-of-state
$23,400
Average Graduate Tuition
In-state
$8,550
Out-of-state
$8,550
Retention Rate
68%
Acceptance Rate
69%
Students Enrolled
5,585
Institution Type
Private
Percent Online Enrollment
68% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#9 Best Online Master’s in Management Programs

Brandeis University

  • Waltham, MA
  • 4 years
  • Online + Campus

Brandeis University is a private college in Waltham, Massachusetts. A leader in online graduate education, the school offers seven remote master's programs. Those interested in the field should explore the master's in project and program management.

Graduate students can achieve their academic goals while attending to busy lives when they enroll. Recorded video sessions may be available to allow anytime viewing, and faculty may let enrollees complete coursework at their own pace within a given timeframe. A key feature of online learning here is a blend of academic rigor and flexibility that strongly prepares students for advanced positions in their field.

The school’s admission statistics show that about 30% of applicants get in, with some variations across programs. The requisite background for entry into a master’s program is usually a bachelor’s degree and other requirements. Explore the program website for all of the application details such as how to submit transcripts and letters of recommendation.

Average Undergrad Tuition
In-state
$55,340
Out-of-state
$55,340
Average Graduate Tuition
In-state
$51,940
Out-of-state
$51,940
Retention Rate
90%
Acceptance Rate
33%
Students Enrolled
5,440
Institution Type
Private
Percent Online Enrollment
100% Percentage of all students who are enrolled online.
Accreditation
Yes New England Commission on Higher Education

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