Best MBA Programs
August 5, 2022 · 6 Min Read
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Best MBA Programs
A master of business administration (MBA) degree offers focused leadership and management training to help professionals advance their career and move into new roles.
Earning an MBA prepares graduates for careers in growing areas in business, finance, and management. Professionals with an MBA work as financial managers, marketing managers, and top executives, roles that report median salaries of over $100,000 per year, according to the Bureau of Labor Statistics (BLS). The BLS projects job growth of 9% for these roles from 2020-2030.
Our list ranks the top MBA programs to help prospective applicants find the best fit to reach their professional goals. By researching specialization options, delivery formats, and program lengths, applicants can begin earning their MBA degree. This article also discusses the benefits of an MBA degree, program requirements, and scholarships.
Frequently Asked Questions About an MBA Degree
Q. What is an MBA good for?
An MBA degree prepares graduates for leadership roles in organizations. MBA holders qualify for decision-making roles that offer above-average salaries.
Q. How many years does it take to get an MBA degree?
Earning a master of business administration degree typically takes two years of full-time study. Some programs offer accelerated one-year programs.
Q. Which is better: an MBA or MS in finance?
Both an MBA and an MS in finance prepare graduates for roles like financial manager. However, the wide-ranging business administration training of an MBA can lead to more diverse career opportunities.
Q. What can you do with a master's in business administration?
Professionals with an MBA work as human resources managers, marketing managers, and executives. They make decisions in diverse industries like healthcare, technology, and finance.
Featured MBA Programs
What Are the Goals of an MBA Degree?
In an MBA program, graduate students gain leadership and decision-making skills. Coursework in organizational behavior, financial management, and strategic leadership prepares students for management roles. Many programs also incorporate an internship to gain real-world experience and a capstone project to build career-ready skills.
MBA students often focus their education by choosing a concentration area. Many programs offer concentrations in general business, marketing, finance, accounting, human resources, and healthcare management. Degree-seekers can also look for programs with unique specializations like entrepreneurship, business strategy, and consulting. These specializations prepare graduates for focused career paths after earning their MBA degree.
Why Get an MBA Degree?
Earning a master of business administration degree brings many benefits. Graduate students specialize their training and prepare for leadership roles in diverse organizations.
MBA students strengthen their management skills through focused coursework in organizational behavior, operations management, and leadership. This management focus qualifies MBA graduates for new roles.
According to 2019 data, the highest median starting salary for MBA graduates rose to nearly $135,000 per year. An MBA thus translates into greater earning potential.
The leadership training in an MBA program prepares professionals for increased responsibilities in their workplace. Professionals may take on supervisory responsibilities or more decision-making responsibilities.
During an MBA, graduate students can specialize their skills by pursuing a concentration. Options include marketing, entrepreneurship, finance, or human resources management.
With an MBA, graduates can move into supervisory and management roles. An MBA also prepares professionals for leadership positions in business organizations or entrepreneurship opportunities.
What Are the Requirements for an MBA Degree?
Applicants considering an MBA degree typically need a bachelor's degree and standardized test scores. Most schools require GMAT or GRE scores, though some waive that requirement. Applicants often also submit a statement of purpose, professional resume, and recommendation letters.
MBA programs do not require an undergraduate degree in business. However, students may need to complete prerequisite coursework in management, accounting, finance, or statistics before entering the program.
During an MBA program, graduate students complete core, elective, and concentration courses. Many programs also incorporate a capstone project and an internship.
2021 Best Master of Business Administration (MBA) Programs
#1
The University of Texas at Austin
| School Information | |
|---|---|
| Location | Austin, Texas |
| Admission Rate | 32% |
| Graduation Rate | 86% |
| Accreditation |
Yes
|
| Percent Online Enrollment |
25%
|
The University of Texas at Austin stands out for its 113 master's programs, which include a master of business administration program. The MBA program strengthens subject-specific knowledge, allowing graduates to pursue advanced career opportunities. Flexible enrollment options make it easier for busy enrollees and working professionals to attend a graduate program.
The program's curriculum blends theoretical and practical approaches to encourage a comprehensive understanding of business management. Internships and other hands-on learning opportunities apply classroom knowledge in a real-world setting. Learners work with faculty advisors to choose electives or concentrations that customize the program.
The University of Texas at Austin at a Glance:
Location: Austin, Texas
School Type: Public
Admission Rate: 32%
Graduate Tuition In State: $11,998
Graduate Tuition Out of State: $22,966
Percent of Students Awarded Aid: 67%
Average Amount of Aid Awarded: $10,686
Average Price After Aid: $15,502
#2
University of Florida
| School Information | |
|---|---|
| Location | Gainesville, Florida |
| Admission Rate | 37% |
| Graduation Rate | 88% |
| Accreditation |
Yes
|
| Percent Online Enrollment |
46%
|
The master of business administration at the University of Florida is one of 126 master's programs offered at the university. The MBA program builds advanced knowledge and skills, helping students increase their career opportunities. Candidates may be able to choose from on-campus and online enrollment options, adding flexibility for enrollees who need to work full time while in school.
Learners take advanced business management classes that build a theoretical and practical understanding of the field. Students can often complete internships and other hands-on learning opportunities, gaining varied experience while building professional connections. Learners choose concentrations and electives to develop specialized skills in a specific area of business management.
University of Florida at a Glance:
Location: Gainesville, Florida
School Type: Public
Admission Rate: 37%
Graduate Tuition In State: $10,770
Graduate Tuition Out of State: $27,335
Percent of Students Awarded Aid: 92%
Average Amount of Aid Awarded: $10,673
Average Price After Aid: $10,457
#3
University of California, Los Angeles
| School Information | |
|---|---|
| Location | Los Angeles, California |
| Admission Rate | 12% |
| Graduation Rate | 92% |
| Accreditation |
Yes
|
| Percent Online Enrollment |
5%
|
Students seeking increased professional responsibilities can earn their master of business management degree at the University of California, Los Angeles. From its campus, the public university meets the needs of diverse degree-seekers by offering flexible enrollment options. During the MBA program, learners gain an advanced understanding of business management topics while strengthening their skills.
Master's candidates rely on the school's support services to make progress toward their degree. Academic advisors recommend course selections, while financial aid counselors connect students with scholarship and grant opportunities. Master's degree-seekers also attend networking and training events hosted by the university.
University of California, Los Angeles at a Glance:
Total Master's Programs: 107
Total Online Master's Programs: 1
Admission Rate: 12%
Graduation Rate: 92%
Student-to-Faculty Ratio: 18-to-1
Graduate Tuition In State: $11,442
Graduate Tuition Out of State: $26,544
Average Alumni Earnings After Six Years: $52,000
#4
University of California, Berkeley
| School Information | |
|---|---|
| Location | Berkeley, California |
| Admission Rate | 16% |
| Graduation Rate | 93% |
| Accreditation |
Yes
|
| Percent Online Enrollment |
5%
|
The University of California, Berkeley offers a master of business administration for students seeking career advancement. The public institution welcomes degree-seekers with a variety of enrollment options, including online programs created with working professionals in mind. The MBA program builds on undergraduate knowledge, and applicants without a business administration background may need to complete prerequisite courses before enrolling.
Master's candidates benefit from advising and support services, including career counseling. For example, career counselors host workshops and job fairs while also recommending resume changes. Master's degree-seekers also participate in training events, networking opportunities, and tutoring sessions.
University of California, Berkeley at a Glance:
Total Master's Programs: 104
Total Online Master's Programs: 2
Admission Rate: 16%
Graduation Rate: 93%
Student-to-Faculty Ratio: 19-to-1
Graduate Tuition In State: $11,442
Graduate Tuition Out of State: $26,544
Average Alumni Earnings After Six Years: $57,600
#5
University of California, Davis
| School Information | |
|---|---|
| Location | Davis, California |
| Admission Rate | 39% |
| Graduation Rate | 87% |
| Accreditation |
Yes
|
| Percent Online Enrollment |
5%
|
The University of California, Davis offers a business management master's program that helps graduates advance their career. The public institution welcomes degree-seekers with a variety of enrollment options, including online programs created with working professionals in mind. During the MBA program, learners take graduate classes in business management that build on their prior knowledge in the field.
Master's candidates access a generous selection of institutional resources and support services during their degree. For example, career counselors host job fairs and offer resume workshops for specific industries. Master's degree-seekers also take advantage of tutoring centers, library services, and service learning opportunities.
University of California, Davis at a Glance:
Total Master's Programs: 104
Admission Rate: 39%
Graduation Rate: 87%
Student-to-Faculty Ratio: 20-to-1
Graduate Tuition In State: $11,442
Graduate Tuition Out of State: $26,544
Average Alumni Earnings After Six Years: $45,300
#6
Ohio State University
| School Information | |
|---|---|
| Location | Columbus, Ohio |
| Admission Rate | 54% |
| Graduation Rate | 86% |
| Accreditation |
Yes
|
| Percent Online Enrollment |
34%
|
Ohio State University offers 119 master's programs, including a highly-ranked MBA degree. The master of business administration encourages career growth through its experiential learning components. Graduate programs prioritize flexibility through their enrollment options, which help enrollees balance school with work or other responsibilities.
During the program, learners take challenging courses that strengthen theoretical and practical business administration knowledge. Students apply their training during internships and other hands-on learning opportunities, which strengthen career-ready skills. Concentrations and electives allow learners to customize the degree based on their career goals.
Ohio State University at a Glance:
Location: Columbus, Ohio
School Type: Public
Admission Rate: 54%
Graduate Tuition In State: $11,560
Graduate Tuition Out of State: $35,144
Percent of Students Awarded Aid: 79%
Average Amount of Aid Awarded: $8,176
Average Price After Aid: $18,706
#7
University of Washington
| School Information | |
|---|---|
| Location | Seattle, Washington |
| Admission Rate | 52% |
| Graduation Rate | 84% |
| Accreditation |
Yes
|
| Percent Online Enrollment |
8%
|
The University of Washington offers a business administration master's program that helps graduates advance their career. From its Seattle campus, the public institution enrolls degree-seekers with a variety of options, including online delivery formats. During the executive MBA program, learners take advanced courses in business administration that build on their prior training.
Master's candidates participate in campus life and benefit from the university's support services. Financial aid advisors connect students with resources to pay for graduate school, while academic advisors recommend course selections. Master's degree-seekers also take advantage of networking and training events hosted by the university.
University of Washington at a Glance:
Total Master's Programs: 273
Total Online Master's Programs: 10
Admission Rate: 52%
Graduation Rate: 84%
Student-to-Faculty Ratio: 20-to-1
Graduate Tuition In State: $18,198
Graduate Tuition Out of State: $32,439
Average Alumni Earnings After Six Years: $50,300
#8
California Polytechnic State University
| School Information | |
|---|---|
| Location | San Luis Obispo, California |
| Admission Rate | 28% |
| Graduation Rate | 82% |
| Accreditation |
Yes
|
| Percent Online Enrollment |
8%
|
The master of business administration program at California Polytechnic State University, one of 46 master's degrees, offers a rigorous education. The MBA strengthens subject-specific knowledge, allowing graduates to pursue advanced career opportunities. Candidates may be able to choose from on-campus and online enrollment options, adding flexibility for enrollees who need to work full time while in school.
The program uses a rigorous curriculum that emphasizes theoretical and practical approaches to business administration. Students gain real-world experience during internships and other hands-on learning opportunities. Learners meet with faculty advisors to choose electives and concentrations to individualize the business administration degree.
California Polytechnic State University at a Glance:
Location: San Luis Obispo, California
School Type: Public
Admission Rate: 28%
Graduate Tuition In State: $7,176
Graduate Tuition Out of State: $16,680
Percent of Students Awarded Aid: 63%
Average Amount of Aid Awarded: $7,042
Average Price After Aid: $21,232
#9
University of Connecticut
| School Information | |
|---|---|
| Location | Storrs, Connecticut |
| Admission Rate | 49% |
| Graduation Rate | 84% |
| Accreditation |
Yes
|
| Percent Online Enrollment |
14%
|
Learners seeking a graduate degree in business management can enroll in the program at the University of Connecticut. Students can increase their earning potential and advance their careers in the MBA program. Working professionals benefit from the school's flexible enrollment options, which make it easier to schedule classes around other responsibilities.
Learners strengthen their theoretical and practical understanding of business management through the program's challenging curriculum. Students strengthen their career-readiness through internships and hands-on learning opportunities. Learners meet with faculty advisors to choose electives and concentrations to individualize the business management degree.
University of Connecticut at a Glance:
Location: Storrs, Connecticut
School Type: Public
Admission Rate: 49%
Graduate Tuition In State: $16,300
Graduate Tuition Out of State: $38,212
Percent of Students Awarded Aid: 75%
Average Amount of Aid Awarded: $11,971
Average Price After Aid: $20,042
#10
Brigham Young University
| School Information | |
|---|---|
| Location | Provo, Utah |
| Admission Rate | 67% |
| Graduation Rate | 78% |
| Instituation Type | Private |
| Accreditation |
Yes
|
| Percent Online Enrollment |
12%
|
Brigham Young University offers a master of business management for students seeking career advancement. The private institution offers several enrollment options on its Provo campus and through its online programs. In the MBA program, learners complete a rigorous curriculum that emphasizes advanced business management knowledge and skills.
College resources and support services help master's candidates complete their degree and plan their next steps. Financial aid advisors connect students with resources to pay for graduate school, while academic advisors recommend course selections. Master's degree-seekers also take advantage of networking and training events hosted by the university.
Brigham Young University at a Glance:
Total Master's Programs: 94
Admission Rate: 67%
Graduation Rate: 78%
Student-to-Faculty Ratio: 20-to-1
Graduate Tuition In State: $7,290
Graduate Tuition Out of State: $7,290
Average Alumni Earnings After Six Years: $46,600
#11
University of Georgia
| School Information | |
|---|---|
| Location | Athens, Georgia |
| Admission Rate | 45% |
| Graduation Rate | 87% |
| Accreditation |
Yes
|
| Percent Online Enrollment |
14%
|
The University of Georgia stands out for its 116 master's programs, which include a master of business administration program. Students gain advanced knowledge and skills in the MBA program. Flexible enrollment options, including online classes, help busy enrollees balance coursework with their other responsibilities.
The master's curriculum encourages a comprehensive understanding of business management through both theoretical and practical knowledge. Students prepare for the workforce with internships and other hands-on learning opportunities. Concentrations and electives allow learners to customize the degree based on their career goals.
University of Georgia at a Glance:
Location: Athens, Georgia
School Type: Public
Admission Rate: 45%
Graduate Tuition In State: $8,878
Graduate Tuition Out of State: $25,186
Percent of Students Awarded Aid: 97%
Average Amount of Aid Awarded: $10,577
Average Price After Aid: $15,961
#12
San Diego State University
| School Information | |
|---|---|
| Location | San Diego, California |
| Admission Rate | 34% |
| Graduation Rate | 73% |
| Accreditation |
Yes
|
| Percent Online Enrollment |
50%
|
San Diego State University offers 82 master's programs, including a highly-ranked business management master's degree. Students advance their career opportunities and increase their earning potential with a degree from the MBA program. Working professionals benefit from the school's flexible enrollment options, which make it easier to schedule classes around other responsibilities.
The program uses a rigorous curriculum that emphasizes theoretical and practical approaches to business management. Internships and other hands-on learning opportunities apply classroom knowledge in a real-world setting. Choosing a concentration also helps learners gain specialized skills in a specific area of business management.
San Diego State University at a Glance:
Location: San Diego, California
School Type: Public
Admission Rate: 34%
Graduate Tuition In State: $7,176
Graduate Tuition Out of State: $16,680
Percent of Students Awarded Aid: 60%
Average Amount of Aid Awarded: $8,233
Average Price After Aid: $14,499
#13
Anderson University
| School Information | |
|---|---|
| Location | Anderson, South Carolina |
| Admission Rate | 69% |
| Graduation Rate | 67% |
| Instituation Type | Private |
| Accreditation |
Yes
|
| Percent Online Enrollment |
44%
|
#14
Anderson University
| School Information | |
|---|---|
| Location | Anderson, Indiana |
| Admission Rate | 63% |
| Graduation Rate | 60% |
| Instituation Type | Private |
| Accreditation |
Yes
|
| Percent Online Enrollment |
28%
|
#15
Andrews University
| School Information | |
|---|---|
| Location | Berrien Springs, Michigan |
| Admission Rate | 67% |
| Graduation Rate | 59% |
| Instituation Type | Private |
| Accreditation |
Yes
|
| Percent Online Enrollment |
27%
|
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