An online business degree prepares students for a wide range of business careers by giving them both general and specialized business knowledge.
Bachelor’s programs teach the basics of business, while Master of Business Administration (MBA) programs teach more advanced skills.
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To get into a bachelor’s program, you need a high school diploma or a GED. Depending on their age, they may also need to send in their SAT or ACT scores.
Master’s programs usually require a bachelor’s degree, but not always in business. People who want to enroll may also need to send in their scores from graduate exams like the GRE or GMAT.
This page tells you about the best online business degrees, including how much they cost and what you can do to specialize.
Questions People Ask About Business Degrees
How long does it take to finish an online business degree?
When going to school full-time, it takes four years to get a bachelor’s degree and two years to get an MBA. People who want to finish school faster can look into accelerated business programs.
How much does it cost to get an online degree?
The cost of tuition depends on the program and school.
As of August 2021, EducationData.org says that an online bachelor’s degree will cost an average of $51,090.
Can you get an online business degree?
Yes. Many of the best online business degrees can be earned fully online. Some programs include in-person requirements.
Why Get an Online Business Degree?
A degree in business helps you learn about things like management, marketing, economics, and finance. Learners can connect with other people who want to become business professionals. This gives them a chance to meet new people and share ideas. Getting the degree online gives you the freedom to keep working and making money.
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Students who get the best online business degrees learn the skills and make the connections they need to be successful in the business world. Many of these programs don’t run at the same time, so students can do their work when it works best for them.
How Much Does an Online Business Degree Cost?
Costs vary by school, level of degree, and length of the program. Most of the time, private colleges cost more than public ones. Learners at public schools in their own states usually pay the least for tuition.
In 2018-19, the average cost of a bachelor’s degree at a public college was $20,600 per year. The cost of private colleges was $44,660. These numbers include costs for room and board, which online students do not have to pay.
In 2019–20, the average cost of a master’s degree at a public college was $12,410 per year. The annual cost of going to a private college was $26,600.
Extra fees for online students
Online students don’t have to pay for dorms or meal plans on campus. But they might have to pay technology fees, which cover online learning tools and tech support. Students who take classes online should also set aside money for books and other supplies. Some programs charge a fee when you finish them.
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Some of the best online MBA programs may have parts that take place on campus. Students who take classes online should budget for travel and lodging costs.
How much do people who study business make?
Graduates can look into a wide range of business jobs in many different fields. They might work in sales, finance, accounting, or marketing. The National Association of Colleges and Employers says that graduates with a bachelor’s degree in business start out making between $48,000 and $59,000, depending on their field.
Students can make more money if they get a more advanced degree, like an MBA. In 2020, the median salary for MBA graduates was $115,000. This was more than most bachelor’s degree holders made. The best online MBA programs prepare students for management jobs that pay well.
Specialties for Business Majors
A lot of the best online business degrees let you choose an area of focus. Some programs call them “tracks” or “concentrations.” At both the undergraduate and graduate levels, schools may offer specializations.
MBA candidates can sign up for a program that focuses on a certain area of expertise. Even if a business program doesn’t have a track for specialization, students can often choose electives that are related to their area of interest.
See below for three common specialties in business. Keep in mind that these tracks are not on all programs. Taking care of human resources Human resources specialists focus on the best ways to manage the people who work for a company. This specialization helps you learn more about benefits and pay, mediation practices and hiring the best people.
Graduates can work in HR departments or get a master’s degree and move into HR management. Management of Information Technology Information technology tools is important to organizations. Students who choose this specialization learn how to run IT departments and deal with technical problems. Students learn how to figure out what a business needs and how to put new technology into place.
Graduates may be able to get jobs as IT managers or CTOs. Marketing Marketing is all about understanding how people act and communicating well with them.
This specialization teaches people how to come up with new marketing strategies and figure out how well the ones they already have are working. The economic, psychological, and social aspects of marketing strategy are taught in courses. After graduating, people can work as marketing specialists or as managers of marketing.
Conclusion
An online business degree prepares students for a wide range of business careers. Bachelor’s programs teach the basics of business, while Master of Business Administration programs teaches more advanced skills. An online bachelor’s degree will cost an average of $51,090 in 2021, according to EducationData.org.
The average cost of a master’s degree at a public college is $12,410 per year. The median salary for MBA graduates was $115,000 in 2020.
Online students don’t have to pay for dorms or meal plans on campus. Some programs charge a fee when you finish them. MBA candidates can sign up for a program that focuses on a certain area of expertise. Some programs call them “tracks” or “concentrations”.
Human resources specialists focus on the best ways to manage the people who work for a company. Information technology specialists learn how to run IT departments and deal with technical problems.
