Best Accelerated MBA Programs Online 2023
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While most MBA programs take about two years to complete, an accelerated MBA program allows you to fast-track your degree and graduate in as little as one year. Earning an MBA can help further your career goals and open the door to a higher salary, specialized roles, and managerial positions.
Popular MBA Programs
Learn more about what to expect from an accelerated online MBA program to figure out if this online degree is right for you.
How Fast Can I Get an Online MBA?
Most MBA programs require you to complete at least 30 credits to graduate. And a typical online MBA program takes full-time students about two years to complete.
But that isn't the only option available to you. You can complete an accelerated online MBA program in as little as 12-15 months.
What Can I Expect From an Accelerated Online MBA Program?
Accelerated online MBA programs can be challenging. You still complete a minimum of 30 credits, but you cover the material much faster than in a traditional MBA program. Colleges may accomplish this with typical semester-long coursework or by offering intensive courses over a shorter term. Programs may also have summer course requirements.
Depending on the program, you may need to meet more prerequisite requirements to enroll in an accelerated program.
MBA students typically choose between general or specialized MBA tracks. Most accelerated programs offer a general MBA, though some provide concentrations. Common MBA concentrations include:
You may also be required to complete an internship in addition to core business classes and electives during your MBA program. Traditional programs schedule this internship during the summer between the first and second year. Alternatively, accelerated programs may schedule an internship during the final semester.
Popular MBA Programs
Entrepreneurship
Entrepreneurship concentrations focus on innovative ways to help businesses excel. You can expect coursework in project management and growth strategies. Graduates can work in areas like market research and management analysis.
Featured Entrepreneurship Programs
Whether you're interested in running your own business or working for a company, an entrepreneurship focus will show you how to run a business.
Finance
MBA programs specializing in finance focus on the money management side of business. With coursework in supply chain management and corporate finance, you'll learn the skills needed to help businesses make savvy financial choices.
Featured Finance Programs
Pursuing an accelerated MBA in finance can set you up for many high-paying careers, like a financial analyst or a financial manager.
Human Resources
Are you a people person? Pursuing an MBA with a concentration in human resources helps you sharpen your interpersonal skills, focusing on managing conflicts and leading development trainings. Some programs offer further specializations in employment law or training and development.
Featured Human Resources Programs
An accelerated MBA in human resources can lead to careers in management positions in the growing field of human resources.
International Business
If you're interested in working on a global scale, an accelerated MBA in international business can teach you how to conduct business in a culturally conscious way. Graduates can find careers at companies who conduct global business, or they can pursue a career abroad.
Featured International Business Programs
Studying international business can also help you stand out when applying for jobs at companies with a strong global presence.
Marketing
Are you a creative type? Pursuing an accelerated online MBA focused on marketing can allow you to explore your innovative and creative side, while also working in a lucrative industry. Marketing majors take coursework like market research to understand consumer patterns.
Featured Marketing Programs
An MBA with a marketing concentration gives you the flexibility to work in several industries, including sales and the medical industry.
Project Management
A project manager takes a company's plans and helps make them a reality. If you earn an accelerated online MBA concentrating on project management, you'll take courses in strategic project management and risk assessment.
Featured Project Management Programs
As a project manager, you can find lucrative and rewarding career opportunities in IT, health, and even construction.
What Are the Admission Requirements for an Accelerated Online MBA Program?
Because accelerated online MBA programs are relatively intense, the admission requirements can differ from traditional programs.
Check with each of your prospective schools for specific requirements and deadlines but expect to need the following:
Application
You'll need to submit a graduate application for your MBA program. The application typically asks you for background information, including prior colleges attended, degrees earned, and work history. As with undergraduate college application systems, business schools may offer several formats to submit the application.
Test Scores
Many MBA programs ask for standardized test scores during the application process. The GMAT is the most common test, though many programs also accept GRE scores. Some online MBA programs offer test-optional policies, and you may also qualify for a test waiver. Be sure to research the requirements for any programs you're interested in.
Letters of Recommendation
You'll likely need to submit 1-3 letters of recommendation, depending on the program. MBA recommendation letters should speak to your ability to succeed in a graduate-level business program.
Former professors and supervisors can typically write the strongest letters, as these references should be personally familiar with your work and goals.
Pro Tip: Make sure to ask for a letter of recommendation at least three weeks before the deadline.
Essays
Business schools evaluate your dedication and written communication skills through grad school essays. Sometimes called a statement of purpose, this type of essay showcases your analytical thinking skills and provides context for your background and career goals. Check out our MBA essay tips for advice on strengthening your essay.
Official Transcripts
All accredited MBA programs require you to provide official transcripts from your bachelor's program and any other postgraduate coursework. If you have graduate coursework on your transcripts, the program may offer transfer credits toward your MBA degree.
What Can I Do With an Accelerated Online MBA Program?
Career Outlook (Projected Growth 2021-2031)*
+8%
*Based on all management occupations according to the Bureau of Labor Statistics
Median Annual Salary (May 2021)*
$102,450
*Based on all management occupations according to the Bureau of Labor Statistics
By earning an accelerated MBA degree, you can enter the workforce faster, enabling you to start earning a lucrative paycheck sooner. Earning an MBA degree also helps prepare you for higher-level business positions, including many management roles.
| Jobs | Median Annual Salary (May 2021) |
|---|---|
| Marketing manager | $135,030 |
| Financial analyst | $95,570 |
| Human resource manager | $126,230 |
| Computer and information systems manager | $159,010 |
| Management analyst | $93,000 |
How Do I Choose an Accelerated Online MBA Program?
Choosing the right accelerated MBA program for you depends on several factors, including cost, format, and location.
Cost
For many students, cost is a major factor in choosing a program. Online MBA programs may cost less than in-person programs. According to the National Center for Education Statistics, tuition and fees for all graduate programs cost an average of $19,749 in 2020-2021. Tuition at public schools was lower ($12,394), while private school costs were higher ($26,621). You should research the total program cost before applying.
Program Format
Online MBAs offer several format options. You can choose from full-time and part-time MBAs, although accelerated programs require a significant amount of your time. Programs may also offer classes synchronously and asynchronously.
Location
Even if you choose an online program, you should still consider a school's location. Attending a local business school may offer several advantages. For example, local programs may host in-person networking events and connect students with faculty members. A local business school might also offer more employer connections in your area.
Accreditation
When choosing where to apply, make sure you're only considering accredited universities. And bear in mind that many schools offer accredited MBA programs. Accreditation indicates that a program or school meets certain academic quality standards. Most employers and certification organizations will require you to have a degree from an accredited institution.
Student Support
The best business schools offer ample online support services. Student services often include academic advising, library access, and tutoring. MBA programs may also provide internship support and mentorship opportunities for distance learners. Be sure to ask a program about its student services before applying.
Fastest Online MBA Degree Programs
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Franklin University
Columbus, OH - 4 years
- Online + Campus
100% Online | Self-Paced Classes
Avg. Cost per Credit
In State | $670
Out of State | $670
Credits to Graduate
30
Program Information
Program Accreditation | International Accreditation Council for Business Education
Franklin University's online MBA program can be completed in 12 months for students based in the U.S. and abroad. The program teaches practical knowledge through business simulations and hands-on projects. Students learn skills in business strategy, operations management, and marketing management.
Required courses include managerial economics, human resource management, and strategic management. Students can also take courses in business psychology and business analytics.
Brenau University
Gainesville, GA - 4 years
- Online + Campus
100% Online | Self-Paced Classes
Avg. Cost per Credit
In State | $755
Out of State | $755
Credits to Graduate
30-45
Program Information
Program Accreditation | Accreditation Council for Business Schools and Programs
Brenau University is a private school based in Gainesville, Georgia. While Brenau's MBA programs have the option for in-person classes, the majority are 100% online and run asynchronously.
The program offers various focus areas. Available MBA programs include human resource management, nonprofit leadership, and healthcare management. While admission requirements differ for each program, applicants generally need a 2.5 GPA on previous college transcripts.
Liberty University
Lynchburg, VA - 4 years
- Online + Campus
100% Online | Self-Paced Classes
Avg. Cost per Credit
In State | $565-$615
Out of State | $565-$615
Credits to Graduate
36-45
Program Information
Program Accreditation | Accreditation Council for Business Schools and Programs
Liberty University's online MBA program can be completed in an average of two years. Courses last just eight weeks and there are over 20 specialties to help students tailor their experience to their interests and needs.
Available areas of focus include tourism management, public relations, and executive coaching. There is also an option to have multiple specializations and receive separate diplomas for each one. Alternatively, there is a 36 credit hour option with no specialization.
University of Northwestern-St Paul
Saint Paul, MN - 4 years
- Online + Campus
Online or Blended | Self-Paced Classes
Avg. Cost per Credit
In State | $575
Out of State | $575
Credits to Graduate
42
Program Information
Program Accreditation | Higher Learning Commission
Based in St. Paul, Minnesota, the University of Northwestern's online or blended MBA includes foundational courses on business leadership ethics, marketing for managers, and applied economics. Students can choose from concentrations in data analytics, finance, healthcare management, and management.
This MBA program can be completed in as little as 22 months. Applicants should be interested in a faith-based business curriculum and must have earned a 3.0 GPA in previous university coursework.
Ashland University
Ashland, OH - 4 years
- Online + Campus
Online or Hybrid | Self-Paced Classes
Avg. Cost per Credit
In State | $1,155
Out of State | $1,155
Credits to Graduate
30
Program Information
Program Accreditation | Accreditation Council for Business Schools and Programs
Ashland University's one-year online MBA program was developed with busy schedules in mind. While students can complete their degrees in one year, they can also enroll part time to graduate in three years.
Core courses include operations management, managerial accounting, and policy analysis. There are over 12 options for degree specialization including sport management, healthcare management and leadership, and digital marketing. Students can also create a custom specialization plan to fit their goals.
Southern Utah University
Cedar City, UT - 4 years
- Online + Campus
100% Online | Self-Paced Classes
Avg. Cost per Credit
In State | $485
Out of State | $485
Credits to Graduate
33
Program Information
Program Accreditation | Association to Advance Collegiate Schools of Business
Southern Utah University is a medium-sized university based in Cedar City, Utah. SUU's online MBA programs are available in hybrid, on-campus, or fully online formats. Students can graduate in 12 months.
Core courses include managerial finance, advanced managerial accounting, and supply chain management. Students can choose from six areas of emphasis including business analytics, general business, and finance.
Lewis University
Romeoville, IL - 4 years
- Online + Campus
100% Online | Self-Paced Classes
Avg. Cost per Credit
In State | $820
Out of State | $820
Credits to Graduate
30-39
Program Information
Program Accreditation | Accreditation Council for Business Schools and Programs
Lewis University is a private school based in Romeoville, Illinois. The schools' 12-month MBA program follows a stackable, three-microcredential model that allows students to customize their program.
Students can choose from two areas of specialization. Applicants need an undergraduate GPA of 3.0 and will need to submit a professional resume plus two recommendation forms.
Oklahoma City University
Oklahoma City, OK - 4 years
- Online + Campus
100% Online | Self-Paced Classes
Avg. Cost per Credit
In State | $780
Out of State | $780
Credits to Graduate
36
Program Information
Program Accreditation | Association to Advance Collegiate Schools of Business
Oklahoma City University is a private university based in Oklahoma City, Oklahoma. The majority of the OCU's MBA program is held asynchronously to suit students with busy schedules. OCU tailors courses to student's unique needs with personal coaching and leadership assessments built into the curriculum.
Courses include accounting for business decision-making, business strategy for creating value, and advanced data analytics and artificial intelligence. Applicants must provide a transcript, resume, two recommendation letters, and a personal statement.
Babson College
Wellesley, MA - 4 years
- Online + Campus
100% Online | Self-Paced Classes
Avg. Cost per Credit
In State | $ 1,990
Out of State | $ 1,990
Credits to Graduate
45
Program Information
Program Accreditation | Association to Advance Collegiate Schools of Business
Babson College's online MBA is tailored to entrepreneurs. The part-time program typically takes 2-3 years to complete. While it has a few core courses, the majority of the program requires electives and concentration classes, making it easier to build the degree to meet your learning objectives. Concentration options include quantitative finance, global management, and business analytics.
The University of Texas Rio Grande Valley
Edinburg, TX - 4 years
- Online + Campus
100% Online | Self-Paced Classes
Avg. Cost per Credit
In State | $472
Out of State | $472
Credits to Graduate
36
Program Information
Program Accreditation | Association to Advance Collegiate Schools of Business
The University of Texas Rio Grande Valley is a large university in Edinburg, Texas. Most courses in UTRGV's MBA program are asynchronous and last seven weeks. Core courses include advanced corporate finance, business intelligence and data warehousing, and social media in business.
Applicants need an undergraduate GPA of at least 3.0 They will also need to provide a GMAT or GRE score, but waivers might be available.
Popular MBA Programs
Frequently Asked Questions About the Fastest Online MBA Programs
Can I get a master's degree in one year?
Yes, many graduate schools offer one-year master's programs. And accelerated master's in business administration programs are among the most popular. Many accelerated programs take as little as one year. In these accelerated programs, you typically complete around 30-36 credits of advanced classes.
Are accelerated degree classes worth it?
An accelerated degree helps you graduate and enter the workforce in less time, so many graduates find the accelerated schedule to be worth it. However, keep in mind that during an accelerated program, you may need to take more classes per term.
Some programs also offer shorter terms with condensed classes. Rather than the typical 15-week semester class, you may go over all the content of a semester-long course in as little as 6-8 weeks.
Are accelerated master's degrees as valuable as traditional degrees?
Accredited accelerated programs meet the same academic standards as traditional on-campus programs. The diploma you earn from an online MBA program does not usually specify that you completed your degree online or in an accelerated format.
Is an accelerated MBA right for me?
An accelerated MBA program offers a faster route to a business degree. In an accelerated program, you may graduate in as little as 12 months. So, if you're seeking the fastest route to an MBA, this may be right for you.
Keep in mind that an accelerated program requires a considerable weekly time commitment. Business schools often recommend that you avoid working full time while enrolled.
Are accelerated degree programs affordable?
Accelerated programs can offer a relatively affordable path to a degree. An accelerated master's in business administration generally requires around 30-36 credits, while traditional MBA programs sometimes require upwards of 40-50 credits. Since universities often charge a per-credit rate, an accelerated program with fewer credits may save you money.
