Top 10 Affordable MBA Programs in Massachusetts

Career advancement for many involves attending graduate school after earning their bachelor's degrees. Several industries need Master of Business Administration graduates, such as healthcare management, information technology, and data analytics.

Graduate degrees can be expensive, but choosing a cost-effective program will help. Working individuals benefit from enrolling in flexible online MBA programs. Many affordable online colleges in Massachusetts offer these programs for busy individuals.

Top Affordable MBA Programs in Massachusetts

Pursuing higher education is tough, but don't let tuition costs prevent you from achieving your career goals. Many affordable MBA degree programs offer a remarkable graduate business education at great tuition rates.

Before enrollment, ensure your MBA program is accredited and that you meet the admission requirements. Requirements include achieving specific GRE or GMAT scores and a high GPA. Also, check out the financial aid options at your institution to see how you can lower expenses.

1. Boston College

Boston College is a private Jesuit university in Chestnut Hill, MA. The school offers a full-time MBA through the Carroll School of Management.

Students may enroll in a traditional or STEM-designated MBA track. The program requires two years of full-time study. Courses in this MBA include:

• Financial Management
• Introduction to Strategic Management
• Managing People & Organizations
• Professional Development Programming

2. Boston University

Boston University is a private research university in Boston. It offers online and on-campus MBA degree programs through the Questrom School of Business.

Students at Boston University can choose between various MBA concentrations, such as social impact and management science. The program focuses on providing students with hands-on experience and working in teams. Courses here include:

• Creating Value Through Operations and Technology
• Leading Organizations and People
• Financial Reporting and Analysis
• Marketing Management

3. Northeastern University

Northeastern University is a private nonprofit university in Boston. It offers an AACSB-accredited full-time MBA through the D'Amore-McKim School of Business.

This MBA program offers an innovative curriculum and a paid corporate residency. Concentrations here include international business and entrepreneurship. MBA students can expect to take classes such as:

• Introduction to Health Informatics and Health Information Systems
• Sustainability and Supply Chain Management
• Business Analytics
• Advanced Topics in Global Management and Strategy

4. University of Massachusetts Amherst

The University of Massachusetts (UMass) Amherst is a public research university in Amherst, MA. It offers MBA programs through the Isenberg School of Management.

The on-campus MBA program includes core courses and electives. Students can complete this program in one and a half to two years. Courses here include:

• Data Management for Business Leaders
• Project Management
• Web Analytics for Digital Marketing
• Business Process Optimization

5. Bentley University

Bentley University is a private nonprofit university in Waltham, MA. The school offers full and part-time MBAs with varying requirements.

The program provides students with knowledge of business concepts and network opportunities. This MBA typically takes two years of study. Some courses students can expect to take are:

• Managerial Statistics
• Business Process Management
• Leading Responsibly
• Financial Statement Analysis

6. University of Massachusetts Lowell

The University of Massachusetts (UMass) Lowell is a public research university in Lowell, MA. It provides an MBA through the Manning School of Business.

Students may choose to study this program online or on campus. There is also no GRE or GMAT requirement for enrollment. Core courses here include:

• Accounting Information for Management Decisions
• Managing Organizational Change
• Strategy Formation & Implementation
• Customers & Markets

7. Fitchburg State University

Fitchburg State University is a public four-year university in Fitchburg, MA. The school offers an MBA program where students may choose one concentration. Some concentrations here include accounting and healthcare management.

The classes in this program follow a cohort model. This model ensures students interact with their classmates and faculty. Courses here include:

• Organizational Behavior and Development
• Corporate Finance
• Accounting Practices for Managers
• Human Capital Analytics

8. Brandeis University

Brandeis University is a private research university in Waltham, MA. It offers MBAs through the International Business School.

Brandeis University students can choose between part-time, dual degree, and two-year MBA programs. These programs include two STEM-designated concentrations, finance and data analytics. Some classes at this school include:

• Global Dexterity
• Responsible Negotiation
• Competition and Strategy
• Applied Econometrics with R

9. Clark University

Clark University is a private research university in Worcester, MA. It offers an MBA that prepares students to develop leadership skills and insights into real-world business practices.

Students must choose from one of the eight available concentrations. Some concentrations here include management and accounting. Notable courses in this MBA are:

• Foundations of Financial Accounting
• Organizational Leadership
• Responsible Management in a Global Economy
• Data-Driven Decision Making

10. Suffolk University

Suffolk University is a private research university in Boston. It offers an MBA through the Sawyer Business School.

This program requires students to complete 36 credit hours. Students typically take less than a year of full-time study to finish this MBA program. Some classes in this program include:

• Value-Based Decision Making
• Economics
• Understanding Word Class Clusters
• Corporate Financial Reporting and Control

FAQs About Affordable MBA Programs

Here are some frequently asked questions about affordable MBA programs in Massachusetts.

How Much Can I Make with an MBA Degree in Massachusetts?

The amount MBA graduates make in Massachusetts varies based on multiple factors. Some of these factors include:

• professional experience
• school reputation
• your chosen industry

Gaining hands-on experience in your field and networking with your peers is significant. An MBA can lead to career advancement, but there is more to getting a promotion than earning a degree. Utilize the negotiation skills you learned in your graduate program to get the best deal possible.

How Much Does an MBA Pay in Massachusetts?

MBAs in Massachusetts pay varying salaries depending on the position. According to Suffolk University, the median salary post-graduation for MBA holders is $115,000. Someone can earn more or less than this based on experience, specialization, and other factors.

Before embarking on your journey to earning an MBA, consider what your career goals are and what salary you want to make. Some specializations will offer more money to MBA graduates than others.

Is an MBA Worth It Financially?

MBAs can be worth it financially for many reasons. Some of the benefits of an MBA include:

• increased earning potential
• business skill development
• expanded network
• diverse career options

Beyond these benefits, consider your personal fulfillment and life goals. An MBA increases your credibility as a business professional and allows you to access more resources. For those looking to become entrepreneurs, an MBA will give you more entrepreneurial opportunities.