Accelerated Online MBA Programs 2021

Accelerated MBA programs offer working professionals a cost-effective and time-efficient education. Search the list of best schools for the degree program.

October 5, 2021

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.

Fast-track MBA Questions

true Q. 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.

true Q. 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.

true Q. 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.

true Q. 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.

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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.

We asked 363 MBA Students why they wanted an MBA

Here's what they had to say...

Age/(Gender) Background/heritage Why did you decide to enroll in an MBA program?
30 (M) African American or Black For technological and financial advancement.
50 (M) Asian, Pacific Islander or Asian Indian To further my horizons and advance my career.
78 (F) Caucasian or White I wanted more education.
45 (M) Asian, Pacific Islander or Asian IndianI always wanted to get my masters, and for higher paying jobs.
35 (F) Caucasian or White To improve my work career and to improve my skills in business.
40 (M) Asian, Pacific Islander or Asian Indian To get it done during the pandemic in order to get a better paying job.
38 (M) Caucasian or White I need to seek promotions in the next two years.
35 (M) Caucasian or White By nature I love learning everything new and I think in our current age every person should learn because we are in the age of technology. I must gain experience for a better life.
30 (M) Caucasian or White To achieve a better education and develop in my career.
30 (M) Caucasian or White To advance my professional career.
35 (F) Caucasian or White To improve my life, and my kids' life.

See how we collected this data

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.

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.

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.

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. 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. 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.

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.

Scholarships for MBA Students
Scholarship Amount Who Can Apply

Association of Insurance Compliance Professionals Scholarship

$1,500 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.

Jane M. Klausman Women in Business Scholarship

$2,000-$8,000 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.

Mary Elizabeth Lockwood Beneventi MBA Scholarship

$2,000 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.

Accelerated Online MBA Programs

Missouri State University View School Profile Springfield, MO $4644

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.

University of North Texas View School Profile Denton, TX $5450

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.

Cleveland State University View School Profile Cleveland, OH $9565

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.

Southern Utah University View School Profile Cedar City, UT $7280

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.

Florida International University View School Profile Miami, FL $8912

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.

Columbus State University View School Profile Columbus, OH $5706

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.

Oregon State University View School Profile Corvallis, OR $12150

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.

University of Florida View School Profile Gainesville, FL $10770

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.

The University of Texas at Tyler View School Profile Tyler, TX $4896

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.

The University of Texas Rio Grande Valley View School Profile Edinburg, TX $5439

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.

Survey Methodology

All data was collected between 6/14/21 and 7/3/21. Respondents were fielded by Lucid LLC. All 343 respondents in the study were screened by multiple quality checks, including systems like Relevant ID, and responses were manually reviewed to ensure consistency and accuracy. Survey participants include 169 currently enrolled MBA students and 174 graduates from MBA programs within the past 6 years. Respondents are between 21 and 78 years of age and identified as 45% Female, 54% Male, and 1% non-binary.

Student testimonials have generally been obtained with the offer of compensation for completion of a survey (e.g., entrance into a gift card drawing). Such testimonials are the opinions of such students and surveys are designed to avoid influencing such testimonials either positively or negatively. All student respondents were supplied by Lucid LLC.

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