Accelerated Online MBA Programs 2021

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Earning an accelerated online MBA can pave the way for various professional opportunities. This degree covers multiple subjects that encompass nearly every business aspect. Graduates find leadership jobs in a business subfield, like human resources, marketing, or finance.

The Bureau of Labor Statistics (BLS) projects that management jobs will grow 5% between 2019-2029. Similarly, the BLS also projects that employment for business and financial occupations will grow 5% during the same time.

Keep reading to learn more about accelerated online MBA programs, including salary information for graduates, course descriptions, and scholarships.

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Top 10 Accelerated Online MBA Programs

? This represents the average net price of attendance for full-time students as gathered by the National Center for Education Statistics. Individual costs may vary. Costs per credit hour may also vary by program or degree.
Rank School Avg Net Price ? This represents the average net price of attendance for full-time students as gathered by the National Center for Education Statistics. Individual costs may vary. Costs per credit hour may also vary by program or degree.
1 Missouri State University $4644
2 University of North Texas $5450
3 Cleveland State University $9565
4 Southern Utah University $7280
5 Florida International University $8912
6 Columbus State University $5706
7 Oregon State University $12150
8 University of Florida $10770
9 The University of Texas at Tyler $4896
10 The University of Texas Rio Grande Valley $5439

Fast-track MBA Questions

  • Can you complete an MBA in one year?

    Yes. Degree-seekers can complete an MBA in just one year. Many schools offer accelerated programs with self-paced formats, helping learners to enter the workforce quickly.

  • How quickly can I get an MBA?

    Thanks to accelerated programs and flexible online learning formats, students can earn an MBA in as few as 12 months.

  • Will an MBA increase my salary?

    Typically, MBA graduates experience an increase in salary. According to March 2021 PayScale data, graduates with a bachelor’s degree in business administration earn an average $64,930 annual salary. Professionals with an MBA earn an annual salary of $89,850, according to April 2021 PayScale data.

  • Which MBA is the most in demand?

    MBA students can usually select a specialization. According to The Princeton Review, the most in-demand specializations include general management, international management, and strategy.

Why Get an MBA?

Degree-seekers who want to enter the business field should consider earning an MBA. While professionals can pursue entry-level positions in this field with a bachelor’s degree, higher-paying leadership positions typically require an MBA.

This degree’s multi-subject nature also prepares students to find employment in multiple positions. Learners may even pursue a specialization tailored to their career goals.

Earning this degree in an accelerated online format can allow students to enter the workforce quickly and conveniently. Virtual programs also often cost less than traditional, two-year programs and can help students increase their earning potential.

How Much Does an MBA Cost?

The actual cost varies, but most online MBA programs offer lower tuition than in-person programs. While contacting a prospective school directly gives a better estimate, looking at national averages offers a baseline for comparison.

The National Center for Education Statistics provides data on tuition costs. For the 2018-2019 school year, learners at public institutions spent an average of $12,171 on tuition, while private school students spent an average of $27,776 during the same time.

Pursuing an accelerated online MBA can save students on tuition costs, which often continue to rise yearly. Students who complete this degree quickly may pay a lower, current price. Additionally, online learning saves money on moving, commuting, and living expenses.

An accelerated MBA degree typically does not require labs, which often come with associated fees. Learners should set aside money for a laptop, internet access, and textbooks.

Calculating the Cost of a College Degree

To successfully make a college budget, learners should calculate tuition, fees, and living expenses. To help with this task, we created an affordability calculator. This tool allows students to estimate their monthly payments and annual tuition. The calculator factors in current income after taxes to determine an accurate estimate.

College Affordability Calculator

Break down your current financial situation, and receive a college tuition estimate you can afford to pay.

How Much Do MBA Majors Make?

Salary for an accelerated online MBA graduate depends on several factors. According to the BLS, professionals in management occupations earn a $109,760 median annual salary. Top executives also make a median annual salary of $107,680. Both of these salaries exceed the median wage of $41,950 per year for all workers.

Regional location also impacts pay, and employers in larger cities tend to pay more than employers in small cities to make up for living costs. Degree-holders may gauge earning potential in a specific region by viewing current job postings.

Accelerated MBA Course Work

An MBA program covers multiple subjects in business through a management lens. These courses cover topics useful to entrepreneurs at startups and graduates who want to become managers at Fortune 500 companies.

To cater to individuals with specific career goals, most accelerated online MBAs allow students to select a concentration, like general management, marketing, or strategy. Before selecting a program, learners should read through course descriptions to ensure the content aligns with their career goals.

Most MBA courses encourage collaboration, so group projects and class discussions mark two common course characteristics. The following paragraphs highlight three common MBA courses. Remember that not every MBA program offers these classes, but this list provides a sample curriculum.

In a strategic management course, students discover how to lead teams effectively. The course covers common management theories, effective management tactics for early and late business stages, and the foundations of teamwork. The class also covers the fundamentals of teamwork and how to encourage collaboration among employees.

Startup entrepreneurs and CEOs for large corporations both need to know marketing basics. The course offers a brief overview of marketing principles. Learners discover how to implement and oversee marketing campaigns, delegate efforts, and effectively use communication channels to reach target audiences. Upon completion, students know how to motivate marketing professionals and perform essential marketing functions.

While not every MBA student decides to work in human resources, each learner should understand the profession. In this course, students fine-tune their basic human resources skills. They learn the payroll process, how to select a benefits package, and ways to attract talent to a company. The course also discusses how to create an inclusive work environment that welcomes diversity.

Certifications and Licensure for Accelerated MBA Students

While business students do not need a license or certification to enter the workforce, these accolades may demonstrate professional competencies to employers. Additionally, the certification process provides valuable education. In this section, we discuss three certifications that accelerated online MBA students may benefit from earning.

Certified Business Analysis Professional

Professionals with extensive experience in business analysis should apply for this designation. This certification requires at least 7,500 hours of business analysis work experience acquired in the past 10 years, 35 hours of professional development, and an exam. Product managers, quality assurance professionals, and even trainers may benefit from the certification.

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Chartered Financial Analyst

Graduates who pursue this certification must possess specialized skills related to asset management. Aspiring chief financial officers or small business financial consultants alike can apply for the certification by taking an exam and acquiring four years of professional experience. The study material takes about 300 hours to complete.

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Professional Recruiter Certification

To succeed, all businesses must attract and retain talent. Students who want to enter the human resources profession may benefit from this certification. Applicants must complete an online training course and pass the Professional Recruiter Certification Exam. This certification costs $995, but an employer may cover the costs.

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Scholarships for MBA Students

To prevent high student loan debt, learners should apply for multiple scholarships. Educational institutions, businesses, and nonprofits all offer monetary awards that honor students with academic merit or unique circumstances. In this section, we highlight three scholarships reserved exclusively for MBA students. Most of these awards require essays, recommendation letters, and official transcripts, so degree-seekers should begin the application process early.

  • Association of Insurance Compliance Professionals Scholarship

    Who Can Apply: Graduate or undergraduate students majoring in a business-related field may apply for this scholarship. The award requires a 3.0 GPA, application essay, recommendation letters, and official transcripts.

    Amount: $1,500

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  • Jane M. Klausman Women in Business Scholarship

    Who Can Apply: This award helps women pursuing an undergraduate or master’s degree in business. Master’s student applicants must be in their final year of study. iInternational students also qualify for the award.

    Amount: $2,000-$8,000

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  • Mary Elizabeth Lockwood Beneventi MBA Scholarship

    Who Can Apply: The Daughters of the American Revolution sponsors this scholarship for MBA students. Full-time students attending an accredited school and majoring in business administration may qualify for the award. The scholarship requires a 3.25 GPA.

    Amount: $2,000

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Accelerated Online MBA Programs

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  1. Missouri State University

    Springfield, MO



    At  Missouri State University, students who have satisfied 80 hours of undergraduate work in business with a 3.0 GPA may qualify to participate in the accelerated Master of Business Administration program. If accepted, you will get a jumpstart on graduate studies by taking 6 credit hours of work during your senior year. Most approved courses are available online and explore marketing, finance and computer information systems. In total, the degree calls for 18 credit hours of foundational work and 33 credit hours of business core curriculum.

  2. University of North Texas

    Denton, TX



    Students interested in pursuing concentrations in marketing, human resource management or supply chain management can enroll in the accelerated online Master of Business Administration program at the University of North Texas. Over the span of 14 months you will work through 36 credit hours of core and field-specific classes including Financial Management and Administrative Strategy. Courses are implemented in 8-week formats with 5 start dates every year. There are a number of academic supports available to online learners such as career services and library access. Your application must include transcripts, GMAT scores, a personal essay, resume and 2 reference letters.

  3. Cleveland State University

    Cleveland, OH



    The online and accelerated program to earn a Master of Business Administration at Cleveland State University calls for the satisfaction of 32 credit hours over the span of 1 year. Students will engage in coursework such as Product Management, Strategic Entrepreneurship and Team Dynamics while maintaining a minimum 3.0 grade average. Courses are delivered through the web platform Blackboard Learn and enrollees have access to technical assistance at any time of day. Online learners can also utilize tutoring services, the library and a writing center. Your undergraduate GPA and GMAT or GRE scores determine admission.

  4. Southern Utah University

    Cedar City, UT



    At Southern Utah University, students who have already completed foundational business coursework can sign up for an accelerated 1-year option to complete a Master of Business Administration. Applications must include transcripts, a resume, GMAT scores and 3 letters of recommendation. Curriculum, which is delivered in hybrid and online formats, involves a minimum of 30 credit hours in topics of global business, economics and strategic marketing. You must maintain a 3.0 GPA in order to graduate. The Dixie L. Leavitt School of Business provides professional development and networking opportunities.

  5. Florida International University

    Miami, FL



    Students enrolled in Florida International University's online and accelerated MBA program can graduate in as little as 18 months. On top of completing 42 credit hours in classes such as Organizational Behavior and Competitive Strategy, you are also required to participate in 2 professional development seminars. Enrollees can pick from 8 specializations including real estate or international business. There are MBA-specific scholarships available to all enrollees, as well as tuition discounts for military members. In order to qualify you must hold a 3.0 GPA in undergraduate studies. Additional criteria looks at work history and GMAT or GRE scores.

  6. Columbus State University

    Columbus, OH



    Graduates of Columbus State University's online and accelerated program for receiving a Master of Business Administration enter positions at government agencies, marketing firms and nonprofit organizations. Students spend 5 semesters fulfilling 30 credit hours of coursework with a grade B or higher. Curriculum develops skills in managerial finance and human behavior. You will have access to library databases, a bookstore and technical guidance. Applicants need to submit transcripts showing completion of a bachelor's degree, GMAT or GRE scores, a resume and 2 letters of recommendation.

  7. Oregon State University

    Corvallis, OR



    The College of Business at Oregon State Universityoffers its online Master of Business Administrationprogram in an accelerated format. This option, which requires 45 credit hours, takes 21 months to complete. Students holding a 3.0 GPA from an AACSB or EQUIS-accredited bachelor's degree that is less than 10 years old qualify for admissions. Applicants must also submit GRE or GMAT scores. The Graduate Writing Center and Career Success Center areresourcesto assist online learners in their studies and professional development.

  8. University of Florida

    Gainesville, FL



    Students possessing a bachelor's degree in business and a minimum of 2 years professional experience qualify for theUniversity of Florida'shybrid and accelerated program to complete aMaster of Business Administration. Curriculum, which entails 12 months of 32 credits, combines online coursework, campus visits once every 4 months and a weeklong residential orientation. You can select from concentrations in entrepreneurship, global business, finance or marketing.Business Career Servicesassists online learners in job exploration, networking opportunities and resume building.

  9. The University of Texas at Tyler

    Tyler, TX



    The University of Texas at Tyler affords students the opportunity to enroll in an online program for completing a Master of Business Administration in as little as 12 months. You must complete 36 credit hours in core and elective coursework with a minimum 3.0 GPA. Curriculum covers organizational behavior, international business and cybersecurity. Applicants must possess a bachelor's degree and admission is based on a combination of GPA and GMAT scores. Online learners can utilize technical assistance, library access and academic advising.

  10. The University of Texas Rio Grande Valley

    Edinburg, TX



    The University of Texas in Rio Grande Valleyoffers students the opportunity to earn aMaster of Business Administrationin an accelerated and fully online format. Over the span of 12 months, you will explore 36 credits in corporate finance, business ethics and strategic management. While enrolled, online learners can take advantage of the library, as well as technical assistance for navigating the learning platform Blackboard Learn. Program eligibility calls for a 3.0 GPA in undergraduate work, a GMAT score of 400 or GRE verbal and quantitative scores of 146.

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