Compare online MBA degree programs

Is an online MBA worth it?

To determine the value of an MBA, whether it’s delivered online or in person, you need to consider what’s important to you in a program, and decide whether a business school meets those needs.

Think about why you want to get your degree in the first place. To evaluate whether an online master’s in business administration program will give you sufficient return on your investment (ROI), ask yourself:

• Does it matter where I get my MBA? Do I need the prestige and ranking of a top MBA program?

• How do I learn best? Does the program offer live online classes taught by experienced faculty?

• How important is it for an online MBA program to expand my professional network and opportunities?

• Do I need career services? Will the MBA program help advance my business administration career?

edX offers business administration degree programs online in partnership with leading universities. In all of the online MBA programs, university faculty teach live online classes that are kept small to encourage discussion and debate. These programs are designed for working professionals and can accommodate a variety of schedules.

What are the highest paying MBA jobs?

A fulfilling, sustainable career requires more than a high salary, but the financial ROI of an MBA program is still important. The highest paying jobs held by some MBA graduates tend to be in the private sector, and your location also plays a role in earning potential — wages are often higher in large cities.

Below are some traditional business administration jobs that tend to draw higher-than-average salaries, according to the U.S. Bureau of Labor Statistics’ 2022 data:

• Financial manager: Median annual wage $139,790¹

• Chief executive: Median annual wage $189,520²

• Marketing manager: Median annual wage $140,040³

• Human resources manager: Median annual wage $130,000⁴

Keep in mind that certain careers will require additional training or experience, and earning your MBA does not guarantee you a job. However, the best online MBA programs can provide you with the skills, experience, connections, and perspective to take the next step in your career.

What you’ll learn in an online MBA curriculum

Online MBA programs will equip you with crucial leadership competencies and an understanding of the fundamental operations that take place in every organization. The types of courses and number of required credits vary by school, but in general, you’ll develop a foundation in the following areas:

• Accounting

• Business analytics

• Operations management

• People management and leadership

• Finance

• Marketing

• Business strategy and innovation

Electives can provide an opportunity to customize your program to match your professional interests. Some residential and online MBA programs also offer specializations, concentrations, or focus areas as alternatives to picking individual electives.

MBA concentrations and specializations

It’s important to consider your career goals when researching the concentrations or focus areas available in an online MBA program. Electives and specializations give you the flexibility to make an online MBA program your own.

Below are some of the concentrations and focus areas offered in online business master's programs:

• Finance, investment management

• Marketing

• Strategy, consulting

• Business analytics

• Entrepreneurship

• Industry-specific areas such as healthcare or energy

Explore programs by MBA concentration

Admission requirements for online MBA degrees

Each business school has different requirements and steps in the online MBA application process, so you should speak with the dedicated admissions team for any program you’re interested in.

One aspect of the master’s in business administration online application that many applicants dread is standardized test scores, such as the GMAT or GRE. Over the last few years, some universities have questioned the necessity of submitting these test scores. While many universities still require these scores as proof of your quantitative abilities, others no longer request them or offer GMAT/GRE waivers if you have prior professional work experience.

In general, online MBA programs will ask you to submit the following items to apply:

• The online application: The initial application may look different by school and program.

• Transcripts: You’ll need to send transcripts from any educational institutions you’ve attended. All edX master’s programs require a bachelor’s degree. One option would be a bachelor of business administration.

• Professional work history: This may be requested in conjunction with your résumé or CV.

• Letters of recommendation: The number of letters you’ll need varies by school.

• Essay or personal statement: Here you’ll often be asked to explain your experience and goals as well as why you’re applying to a particular program.

Additional items may be required for international students, such as English language testing if your native language is not English.

Explore the different types of MBA programs