5 Best Free Online MBA Courses and Programs

In today's economy, pursuing higher education, particularly an MBA, can be financially daunting.

Currently, there are no free online Master of Business Administration (MBA) courses or programs offered by reputable institutions. Fortunately, several universities offer low-cost MBA programs as an alternative to the expensive traditional routes.

These programs are not entirely free but they significantly reduce the financial strain while maintaining a high standard of education and flexibility.

Low Cost Online MBA Courses and Programs

This list showcases universities that strike a balance between affordability, quality, and accessibility in their MBA offerings.

1. University of the People

University of the People offers a highly affordable online MBA program, notable for its absence of tuition, book, or campus expenses. This program, which consists of 12 courses, can be completed in a remarkably short period of just seven months.

It adopts a pay-as-you-go model, with each course assessment priced at $300. With this structure, the total cost for completing the MBA is an estimated $3,660, making it a highly accessible option for students worldwide.

2. Missouri State University

Missouri State University's online MBA program is an excellent choice for those seeking a balance between cost and duration. Designed for full-time students, it can be completed in one to two years.

Requiring 34 credit hours for graduation, the program is both comprehensive and thorough. With a total cost of around $15,100 for online students, it presents an affordable pathway to achieving a high-quality MBA degree.

3. Lamar University

Lamar University's online MBA program is tailored for students who wish to complete their degree quickly without compromising on quality. This 12 month program, requiring 30 credit hours for graduation, is an ideal choice for working professionals.

Priced at $13,153 in total tuition, it offers an expedient yet affordable route to an MBA, catering especially to those who value both time and money.

4. University of Central Oklahoma

The University of Central Oklahoma offers an online MBA program designed for completion in just 16 months. The program's schedule is conveniently arranged in eight-week sessions, allowing students to immerse themselves fully in each course.

This structure is particularly suited for those who prefer a fast-paced learning environment. For state residents, the total degree cost is a reasonable $15,500, making it an attractive option for local students.

5. Northeastern State University

Northeastern State University provides an online MBA program that combines affordability with a flexible time frame. It can be completed in less than two years, requiring students to complete 36 credit hours.

With a cost of $343 per credit hour, the total program is approximately $12,340. This program is especially suitable for students seeking a comprehensive, yet financially manageable, MBA experience.

Ways to Make an MBA More Affordable

Pursuing an MBA doesn't have to be expensive. There are several strategies to make this valuable degree more affordable.

MBA Graduate Assistantships

MBA graduate assistantships are a strategic way to offset tuition costs while gaining valuable experience. Many universities offer these positions to MBA students, where they assist professors with research, teaching, or administrative tasks.

In return, students often receive a waiver for a significant portion of their tuition fees, and sometimes a stipend.

This hands-on experience is not only beneficial financially but also enhances a student's resume and provides practical skills relevant to their future career.

Prospective students should inquire about these opportunities during the application process, as these positions are competitive and limited.

Tuition Assistance Programs

Tuition assistance programs are an underutilized resource for making MBA programs more affordable. Many employers offer these programs to employees as a part of their benefits package.

These programs typically cover a portion of tuition fees, reducing the financial burden on the student.

Employees interested in pursuing an MBA should consult with their human resources department to understand the specifics of the program, including eligibility, reimbursement process, and the amount of assistance provided.

Some companies may require the employee to remain with the company for a certain period after graduation, so understanding the terms is crucial.

MBA Scholarships

Scholarships are a vital resource for MBA students, offering financial aid that doesn't need to be repaid. Many universities, private organizations, and foundations offer scholarships based on merit, need, diversity, or specific career interests.

Prospective students should research and apply for as many scholarships as possible. Application processes usually involve submitting academic records, essays, and sometimes letters of recommendation.

It's essential to start this process early and pay close attention to deadlines and requirements. Scholarships can significantly reduce the overall cost of an MBA program, making it a more attainable goal for many students.

Start Your Journey Towards an Affordable MBA

Starting an MBA program doesn't have to be stressful. Through investigating alternatives such as employer-sponsored tuition help, graduate assistantships, and scholarships, potential students might discover methods to increase accessibility to this worthwhile degree.

Make the most of these chances, plan ahead, and do your homework to ensure that your MBA aspirations don't put an excessive burden on you.