An online business degree provides broad and specialized business knowledge, preparing graduates for many career paths. Bachelor’s programs cover fundamental business topics, while MBA programs build more advanced skills.
Applicants to bachelor’s programs need a high school or GED diploma. They may also need to submit SAT or ACT scores depending on their age. Applicants to master’s programs need a bachelor’s degree, though often not in business. Prospective enrollees may also need to submit graduate exam scores, such as the GRE or GMAT.
This page highlights the best online business degrees, including costs and specialization options.View Our Rankings List Here
Frequently Asked Questions About Business Degrees
Q. 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.
Q. 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.
Q. 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.
Featured Online Programs
Find a program that meets your affordability, flexibility, and education needs through an accredited, online school.
Why Get an Online Business Degree?
A business degree builds knowledge in areas such as management, marketing, economics, and finance. Learners can connect with other aspiring business professionals, creating opportunities to network and share ideas. Pursuing the degree online provides the flexibility to continue working and earning a salary.
The best online business degrees give students the skills and connections necessary to succeed in the professional world. Many of these programs run asynchronously, allowing students to complete coursework around their schedules.
How Much Does an Online Business Degree Cost?
Tuition varies by school, degree level, and program length. In general, private colleges charge more than public colleges. Learners at in-state public schools usually pay the most affordable tuition.
In 2018-19, public colleges charged an average annual tuition of $20,600 for a bachelor’s degree. Private colleges charged $44,660. These figures include room-and-board fees, which online learners do not incur.
In 2019-20, public colleges charged an average annual tuition of $12,410 for a master’s degree. Private colleges charged an annual tuition of $26,600.
Additional Online Student Fees
Online students do not pay for campus housing or meal plans. However, they may pay technology fees, which cover online learning tools and tech support. Online learners should also budget for textbooks and class materials. Some programs charge a graduation fee.
The best online MBA programs may include on-campus components. Online students should plan for travel and lodging expenses.
How Much Do Business Majors Make?
Graduates can explore a variety of business careers in diverse fields. They may work in marketing, sales, finance, or accounting. According to the National Association of Colleges and Employers, graduates with a business bachelor’s degree earn starting salaries between $48,000-$59,000, depending on their field.
Students can boost their salary potential with an advanced degree like an MBA. In 2020, MBA graduates earned an annual median salary of $115,000, a rate higher than most bachelor’s degree holders. The best online MBA programs prepare enrollees for high-paying management positions.
Specializations for Business Majors
Many of the best online business degrees offer specializations. Some programs call them concentrations or tracks. Schools may offer specializations at the undergraduate and graduate levels.
MBA candidates can enroll in a program specifically for a certain specialization. Even if a business program does not offer a specialization track, students can often select elective courses that relate to their interest area.
See below for three common business specializations. Keep in mind that not all programs offer these tracks.
Human Resources ManagementHuman resources specialists focus on the best practices for managing an organization’s employees. This specialization builds knowledge of benefits and compensation, mediation practices, and talent acquisition. Graduates can work in HR departments or earn a master’s degree and move into HR management.
Information Technology ManagementOrganizations depend on various information technology tools. This specialization gives students the skills to manage IT departments and address technical issues. Students learn how to assess a company’s needs and implement new technology. Graduates may work as IT managers or chief technology officers.
MarketingMarketing focuses on understanding consumer behavior and effectively communicating with customers. This specialization teaches enrollees how to create new marketing strategies and evaluate the effectiveness of existing strategies. Courses cover the economic, psychological, and sociological dimensions of marketing strategy. Graduates may work as marketing specialists or marketing managers.
Career and Salary Outlook for Business Majors
A business degree prepares graduates to pursue careers in various fields. Available jobs depend on many factors, such as students’ specialization and education level. The best online business degrees also provide career resources that can help students build professional connections before and after graduation.
Read below for three common career paths for business graduates. Earning an advanced degree, such as an MBA, can help learners pursue high-paying positions.
Financial AnalystsThese professionals examine financial information to help companies make business decisions. They may evaluate both past and present financial data related to stocks and other investments. Their analyses help organizations determine the best strategies to increase profits. Financial analysts may specialize in areas such as risk analysis, fund management, or portfolio management.
Accountants and AuditorsThese professionals examine and prepare financial records, such as tax returns and account books. They may examine financial records both for accuracy and compliance with relevant tax regulations. Accountants may also analyze financial data to help companies increase their profits. They often work for companies or private individuals.
Budget AnalystsThese analysts monitor a company’s spending patterns and develop budgets. They may work with managers to determine a company’s financial direction. Budget analysts may also prepare annual budget reports and evaluate proposals for budget changes.
Best Online Business Degrees
See our rankings methodology page.
Located in Tallahassee, FSU offers an online master of business administration. Students may complete the program part time, with no residency requirements. Most students complete the degree in just seven semesters.
Business core courses include the legal and ethical environment of business, information and technology management, and marketing strategy in the global environment. Students may choose from five specialization tracks to align more closely with career goals, including business analytics, management information systems, marketing, real estate, or risk management and insurance. Students choose electives based on their chosen emphasis.
Admission to the MBA program requires GMAT or GRE scores. Students with a minimum cumulative GPA of 3.4 and a 3.2 GPA in FSU upper-division business courses, or more than eight years of management work experience, may apply for a waiver.
FSU is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges. The school boasts programmatic accreditation from the Association to Advance Collegiate Schools of Business.
University of Virginia
Based in Charlottesville, UVA offers an online master of science in business analytics. Students learn to use data to build business strategies and inform decision-making.
The 12-month program combines mid-week online classes, self-paced learning, and nine weekend residencies at UVA's Arlington and D.C. campuses. Students take courses arranged in five modules, including enterprise analytics, descriptive analytics, and a corporate analytics capstone. The modules contain a deep-dive course series to provide students with the skills businesses need.
Applicants need at least two years of professional experience and must show strong analytical skills through a combination of cumulative undergraduate GPA and GMAT or GRE scores.
UVA is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges. The school boasts programmatic accreditation from the Association to Advance Collegiate Schools of Business.
University of Maryland-College Park
College Park, MD
Located in College Park, UMD offers an online master of business administration. The program prepares students for data-driven leadership positions. Students may choose from five specializations, including accounting, finance, marketing, supply chain management, or information systems and business analytics.
The 54-credit program requires two residencies — one orientation at the beginning of the degree and a capstone experience at the end. Core courses include corporate finance, the global economic environment, and executive powers and negotiation. The final capstone residency includes a business simulation, allowing students to apply problem-solving and critical thinking skills to a business model to demonstrate skills mastery.
The school strongly recommends at least two years of professional work experience before applying to the program. All applicants must take the GMAT or GRE regardless of work experience or cumulative GPA.
UMD is regionally accredited by the Middle States Commission on Higher Education. The school boasts programmatic accreditation from the Association to Advance Collegiate Schools of Business.
University of South Florida
Located in Tampa, USF offers an online master of business administration. Students choose from four concentrations, including cybersecurity; data analytics; healthcare analytics; and compliance, risk, and anti-money laundering.
The program begins with a two-day on-campus orientation. Students take foundation and core courses such as accounting concepts for managers, organizational behavior and leadership, and data analytics for business. From there, students take electives in their chosen emphasis. Students may choose a thesis option instead of six credits of electives and take either a capstone experience or a comprehensive exam.
Applicants must submit GMAT or GRE scores unless students possess a 3.5 cumulative undergraduate GPA from USF or other approved schools. Students may also waive test scores with professional licensure or at least three years of managerial work experience.
USF is regionally accredited by the Middle States Commission on Higher Education. The school boasts programmatic accreditation from the Association to Advance Collegiate Schools of Business.
Louisiana Tech University
Located in Ruston, Louisiana Tech offers an online master of business administration. Online students follow the traditional MBA track and cannot pursue the concentration coursework available for on-campus students.
Foundational courses include accounting analysis for decision-making, financial management, managerial economics, and global perspective in management, as well as one elective course per quarter. A strategic management capstone experience gives students the chance to apply critical thinking skills and problem-solving in practice.
Applicants must submit a GMAT score from the last five years to qualify for admission. The school allows students to transfer up to 12 credits toward their degree.
Louisiana Tech is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges. The school boasts programmatic accreditation from the Association to Advance Collegiate Schools of Business.
Located in Baltimore, Maryland, Johns Hopkins offers an online master of business administration. Students choose from seven concentrations: entrepreneurship, financial business, healthcare management, interdisciplinary business, leading organizations, marketing, and real estate and infrastructure.
Students take the majority of courses online, with three residencies required throughout the program. Business core coursework includes accounting and financial reporting, business leadership and human values, and economics for decision-making. From there, students in the general track take a variety of electives, while those in specializations focus on concentration-specific elective tracks.
Students must possess an undergraduate degree from an accredited university with a minimum 3.0 cumulative GPA. The school also requires GMAT or GRE scores. Students with 10 years of progressive managerial experience, or an undergraduate GPA of 3.0 and five years of work experience, may apply for a waiver.
Johns Hopkins is regionally accredited by the Middle States Commission on Higher Education. The school boasts programmatic accreditation from the Association to Advance Collegiate Schools of Business.
Based in Houston, Texas, UH offers an online master of science in management and leadership. The program caters to non-business undergraduate degree holders wanting a bridge degree into the business world.
The 30-credit program includes business core coursework such as fundamentals of business, organizational behavior and management, and ethical leadership and critical reasoning. Elective courses cover several business disciplines, including global leadership, people analytics, and cultural issues in global management. Courses happen solely online with no residency requirements.
Applicants must submit GMAT or GRE scores, but the school offers waivers for recent UH graduates (within three years). Students do not need an undergraduate business degree or work experience to apply for the program.
UH is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges. The school boasts programmatic accreditation from the Association to Advance Collegiate Schools of Business.
Located in Bethlehem, Pennsylvania, Lehigh offers an online master of business administration. Students participate in synchronous online classes and can also opt into on-campus courses whenever they choose. Guiding program principles include structured and unstructured decision-making, leadership, ethical and social responsibility, inclusive thinking and communication, and developing a comprehensive understanding of domestic and global business.
The 36-credit program includes business core coursework such as managing financial and physical resources, basic statistics for business and industry, and managing products and services. An integrative experience offers students the chance to demonstrate mastery through a business simulation, case presentations, and a project.
Although not required, applicants may submit GMAT or GRE scores to bolster an admission packet. Lehigh is regionally accredited by the Middle States Commission on Higher Education. The school boasts programmatic accreditation from the Association to Advance Collegiate Schools of Business.
Stevens Institute of Technology
Located in Hoboken, New Jersey, Stevens offers an online master of business administration. The program offers synchronous online courses, as well as other online events, such as networking meetings, career development services, virtual training, and bootcamps. Students can complete the program in as few as 18 months.
The 39-credit program includes business core coursework such as marketing management, managerial judgment and decision-making, and supply chain analytics. Students can choose from six degree specialties, including finance, business intelligence and analytics, or project management. A capstone project gives students the chance to consult with a business and provide feedback and solutions to a challenge.
Applicants must provide GMAT or GRE scores to qualify for admission. Stevens is regionally accredited by the Middle States Commission on Higher Education. The school boasts programmatic accreditation from the Association to Advance Collegiate Schools of Business.
The University of Texas at Dallas
Located in Richardson, UT Dallas offers a professional master of business administration. The coursework happens 100% online, with no residency requirements. Students can choose from 15 concentrations, including accounting, business analytics, international management, and supply chain management.
The 53-credit course schedule includes managing IT in the analytics age, international business management, and international strategic management. Students must complete two prerequisites before beginning the core courses, including quantitative foundation of business and communications for business. MBA students may also earn a dual MS/MBA, including degree options in energy management, marketing, and business analytics.
Applicants must submit a GMAT or GRE score. Students can apply for a waiver if they possess either an undergraduate degree from UT Dallas with a minimum GPA of 3.5 or a business degree from another school with a minimum GPA of 3.6. Students with a master's may also apply for a waiver regardless of focus.
UT Dallas is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges. The school boasts programmatic accreditation from the Association to Advance Collegiate Schools of Business.