Most Affordable Online Business Management Degrees 2022

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An online business management degree prepares learners to lead small teams or entire organizations. Graduates may work as department directors, managers, or chief executive officers. The Bureau of Labor Statistics (BLS) projects business and financial occupations to grow 8% from 2020-2030. Professionals in this field earn a median $72,250 annually.

Business management degree-seekers hone their interpersonal communication skills. They learn how to use strategy to increase financial growth. They also study marketing, accounting, and logistics.

This page lists the most affordable online business management degrees. Read on to learn about costs, common classes, and potential careers for graduates with a degree in business management.

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Frequently Asked Questions About Business Management

What kind of jobs can you get with a business management degree?

Graduates may work as managers or directors at corporations or nonprofits. Degree-holders can also start their own businesses.

How much is a business management salary?

Professionals in management occupations earn a median $109,760 annually, according to the BLS.

What is the highest-paying job in business management?

Architectural and engineering managers rank among the highest earners. They earn a median income of $149,530 annually.

Why Get a Degree in Business Management?

A degree in business management may lead to lucrative jobs that pay higher salaries than the national median. Many professionals in this field do not work weekends or evenings.

Most organizations consider business managers top-level executives. These professionals typically earn more than coordinators or specialists. Some professionals work their way up to management status without a degree. However, they may lack knowledge of management theory.

Students pursuing online business management degrees benefit from flexibility. They can often continue their careers while earning their degree.

How Much Does a Business Management Degree Cost?

College costs an average of $35,331 annually, according to EducationData.org. This figure includes books and supplies. However, online learners may spend less. Students spend an average of $51,091 to earn an online bachelor's degree.

Many factors influence degree costs. For example, public state schools usually charge less than private colleges. In addition, schools typically charge less for in-state students.

Program length may also impact cost. Students who finish their degrees quickly can save money. Colleges often raise tuition rates annually to account for inflation.

Additional Online Student Fees

​​Students pursuing an online business management degree should budget for extra expenses. Many online programs charge technology fees that cover virtual classroom platforms and video conferencing services. These fees may also cover technical support for distance learners.

Earning an online degree requires a reliable computer and internet access. Business students may need to pay for software like Microsoft Excel. Online students should also budget for textbooks. They can save money by buying used or digital versions.

Other expenses may include charges for a diploma or official transcript copies.

How Much Do Business Management Graduates Make?

Earning an advanced degree in business management may lead to higher-paying positions than many other U.S. occupations. Professionals with an MBA earn an average of $87,000 annually, according to Jan. 2022 Payscale data.

Salaries vary depending on professionals' roles and employers. For example, human resources managers earn an annual median salary of $121,220. Lodging managers earn $56,670.

Geographic location also influences salary. For example, Californian financial managers earn a mean annual wage of $162,650. The same professionals in Colorado earn $172,400.

Courses in Business Management

Most bachelor's programs require 120 credits and take four years to complete. Master's programs usually require 60 credits and take two years to finish. Students pursuing a degree in business management practice their active listening and interpersonal communication skills. They explore strategic planning and how to set goals. Learners also explore ways to motivate other professionals.

Most business management degrees cover many subjects, such as public relations and finance. See below for three common classes in business management programs. Keep in mind that courses vary by program.

• Management Theories

  Learners explore various management approaches. They read case studies about contrasting methods and study research reports that test the covered theories. This class encourages critical thinking through classroom discussion. Students discover different ways to motivate people depending on their characteristics and strengths.

• Foundations of Marketing and Public Relations

  Students learn how marketing and public relations influence a company's success. They explore best practices for communicating with company stakeholders. Coursework may cover social media strategy, audience messaging, and brand awareness. Some business management programs let learners select a concentration in marketing or public relations.

• Logistics Business

  Degree-seekers learn the foundations of supply and demand. Learners discover how to source materials and oversee the design, manufacturing, and transportation of goods. The class covers how expenses influence a product's price. Part of the class also covers best practices for logistics coordination.

Career and Salary Outlook for Business Management

An online business management degree prepares students for jobs in many industries. Every large business needs various managers to function properly.

See below for three types of managers. Each position requires a unique skill set, which we identify in the descriptions.

• Financial Managers

  These professionals prepare financial statements and make recommendations to increase profits. They supervise employees who manage budgets, like department directors. Financial managers need accounting knowledge. They must also know how to analyze market trends. These professionals usually work for one organization. However, some provide consulting services.

• Advertising, Promotions, and Marketing Managers

  These managers use their strategy knowledge to increase sales. They work with a variety of professionals to ensure a clear message. These professionals also collaborate with photographers, copywriters, and graphic designers to build brand awareness.

• Sales Managers

  These managers oversee sales teams. They provide advice and direction to professionals who pitch ads and products directly to consumers. Sales managers must know how to set realistic sales goals for employees. They may write scripts and offer critiques to enhance sales success.

Source: BLS

Online Business Management Degrees 2022