8 Most Affordable Online MBA Programs in Massachusetts 2025

Looking to pursue an affordable online MBA in Massachusetts? With flexible programs and competitive tuition rates, you can earn a high-quality and inexpensive online MBA. This guide highlights some of the cheapest online MBAs in Massachusetts, offering options with various specializations.

Whether you're balancing work, school, or family, these programs offer the flexibility you need to succeed. If you're also looking for more budget-friendly educational options, check out these best-value online MBA programs

Cheapest Online MBA Programs in Massachusetts

If you're considering a low-cost MBA online, there are several options available that provide a high-quality education at competitive rates. Below is a list of some of the top affordable online colleges in Massachusetts, allowing students to earn a degree without accumulating excessive debt.

Additionally, if you need financial assistance, these are the best online colleges that accept FAFSA and other various funding options to help you manage tuition costs.

1. University of Massachusetts Lowell (UMass Lowell)

The online MBA program at UMass Lowell offers a solid choice for those looking for both value and quality. With tuition starting at $600 per credit hour, students benefit from a practical, hands-on approach to business management.

The program's strength lies in its focus on practical applications, preparing graduates for real-world business challenges. Accredited by the Association to Advance Collegiate Schools of Business (AACSB), UMass Lowell is a cost-effective and prestigious option for those pursuing an advanced degree.

2. University of Massachusetts Dartmouth (UMass Dartmouth)

At UMass Dartmouth, the online MBA program is structured to cater to the needs of working professionals. With a tuition of $599 per credit hour, students can pursue their degrees while balancing career and personal commitments.

This program offers concentrations in key areas like finance, marketing, and management, making it affordable and versatile. The program's AACSB accreditation further attests to the high level of academic rigor and quality that students can expect.

3. Fitchburg State University

Fitchburg State University provides an affordable online MBA with a tuition rate of just $436 per credit hour, making it one of the most cost-effective options in Massachusetts. This program focuses on leadership, critical thinking, and strategic decision-making, with core courses designed for professionals seeking practical knowledge.

The university's accreditation from the New England Commission of Higher Education (NECHE) ensures a high-quality educational experience.

4. University of Massachusetts Boston (UMass Boston)

For those seeking a balance of affordability and academic excellence, UMass Boston offers an online MBA program priced at $575 per credit hour. The program emphasizes innovation and leadership in a global business environment, with a flexible structure that works around the schedules of busy professionals.

Accredited by the AACSB, UMass Boston provides an exceptional learning experience that is affordable and respected in the business world.

5. Salem State University

Salem State University's online MBA program is available for $581.50 per credit hour for in-state students and $676.10 for out-of-state students. It focuses on developing leadership skills and strategic thinking, preparing students for top management roles.

This cheap MBA program online is a great option for those looking to earn a high-quality degree without incurring significant debt. Accredited by the Association of Collegiate Business Schools and Programs (ACBSP), Salem State provides students with a valuable and respected business education.

6. Bridgewater State University

Bridgewater State University's online MBA program offers an affordable tuition rate of $516.50 per credit hour. Unique to this program is its 4+1 option, which allows students to earn their MBA in just five years by completing graduate coursework during their undergraduate degree program.

This fast-paced and affordable path is ideal for those looking to quickly advance in their careers. The program is accredited by the AACSB, with courses offered in full-time or part-time schedules.

7. American International College

American International College provides an online MBA program at $675 per credit hour, focusing on global business leadership and strategic decision-making. Though the tuition rate is slightly higher, the program's flexibility and comprehensive support for students make it an attractive option.

What makes AIC's program unique is its emphasis on personalized support and career services. The program holds accreditation from NECHE, ensuring a high-quality and recognized business education.

8. Merrimack College

Merrimack College offers tuition rates of $488 per credit hour, making it one of the cheapest online MBA with no GMAT requirements. The program emphasizes leadership, strategic thinking, and practical business applications, preparing graduates to succeed in competitive industries.

Merrimack's small class sizes ensure a more personalized learning experience, fostering a close-knit community. Additionally, as an AACSB-accredited institution, Merrimack College provides a high-quality education that is both affordable and academically rigorous.

Other Affordable Online MBA Programs

While Massachusetts offers various affordable online MBA programs, there are also several reputable options from online universities that provide great value for students.

Southern New Hampshire University

Southern New Hampshire University's online MBA program is priced at $637 per credit hour. The program stands out for its wide array of concentrations, including business analytics, healthcare management, information technology, healthcare administration, and more.

SNHU's commitment to affordable, flexible education is enhanced by its extensive support services for online students. Accredited by the ACBSP, SNHU's MBA program requires a minimum undergraduate GPA of 2.75 but no GRE scores are needed.

University of Phoenix

The University of Phoenix offers an online MBA with a tuition rate of $698 per credit hour. A bachelor's degree is required for enrollment in this program designed for professionals who want to advance their careers in leadership and management. It offers flexibility through online courses, allowing students to complete coursework at their own pace.

The University of Phoenix is accredited by the Higher Learning Commission, ensuring that the program provides a quality education that is recognized by employers.

Our Selection Criteria

When evaluating the best online MBA programs in Massachusetts, several key factors were taken into consideration to ensure they offer both quality and value. The following criteria were used to select the top options.

• Accreditation: Only accredited online MBA programs were considered.
• Affordability: Tuition rates for the MBA programs must be $700 or less per credit hour.
• Financial Aid: Each graduate school offers financial aid options, including scholarships, grants, or school-specific programs.
• Fully Online: Each master's degree is 100% online.

What Can I Expect from an Online Master of Business Administration Degree?

An online MBA offers flexibility for students to balance their education with work and personal life. The program provides a rigorous curriculum covering core business areas like finance, marketing, and management, along with specialized concentrations.

Students engage in interactive lectures, recorded lessons, and discussions, creating a collaborative learning environment. Emphasizing real-world applications, online MBA programs prepare students for leadership roles, with the added benefit of completing the degree on their own schedule.

What Are the Most Popular MBA Specializations?

MBA programs provide a range of specializations that enable students to align their education with their professional aspirations. Popular concentrations, such as financial management, marketing, healthcare management, project management, and supply chain management, allow students to concentrate on key skills necessary for their career goals.

By choosing a specialization, students can enhance their expertise in specific areas, resulting in a more personalized and focused advanced degree.

Financial Aid for Online MBA Students

There are several financial aid options available to MBA students to help ease the financial burden of graduate education. These options range from scholarships and fellowships to loans and employer assistance, ensuring that students have multiple ways to fund their studies. Here are some of the most common financial aid opportunities for graduate program students:

• Scholarships: Many universities offer merit-based or need-based scholarships to reduce tuition costs.
• Loans: Federal and private loans are commonly used to cover the cost of an MBA program.
• Fellowships: Some schools provide fellowships that offer financial support in exchange for research or teaching assistance.
• Employer Assistance: Some employers offer tuition reimbursement or assistance for employees pursuing an MBA.

For more information, students can apply for FAFSA for MBA degree programs to determine eligibility for federal aid.

FAQs About Affordable Online MBA Degrees in Massachusetts

Considering an online MBA in Massachusetts? Here are answers to some common questions about costs, job prospects, and the most affordable options to help guide your decision-making process.

How Much Does an Online MBA Degree Cost in Massachusetts?

The cost of an online MBA in Massachusetts varies, but most programs have tuition rates ranging from $400 to over $1,000 per credit hour. This makes an MBA accessible for many students while still maintaining quality education. Additional fees may apply, depending on the institution.

How Is the Job Market for MBA Graduates?

The job market for MBA graduates is strong, with high demand for skilled professionals in sectors like finance, healthcare, data analytics, and technology. Graduates can expect competitive salaries, especially in management and leadership roles, due to the advanced skills and business knowledge acquired during their studies.

What Is the Cheapest Online MBA Program in Massachusetts?

Fitchburg State University offers the most affordable online MBA program in Massachusetts, with tuition starting at just $436 per credit hour. This program provides a high-quality education at a lower cost, making it an excellent choice for those seeking an affordable path to an MBA.

Can I Get an MBA Online for Free?

Although finding a completely free MBA program is rare, some universities offer free courses or discounted rates that can help lower overall tuition expenses. To further reduce costs, students are encouraged to explore various financial aid opportunities, including scholarships, grants, and employer tuition assistance programs.

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