Best Online Business Degree Programs

By the OnlineU team | Updated 8/18/2021

Professionals with strong business knowledge are needed in nearly every industry, from finance and marketing to healthcare and technology. An online bachelor's degree in business may be a good option for students looking to start their own company or work their way up to administrative and management positions. Alumni of business programs are qualified for entry-level roles in business and finance, with median salaries of $55,560- $89,330 according to the Bureau of Labor Statistics. Graduates can also continue their education at the master's level, as an online MBA program has the potential to unlock much higher salaries down the road. Our ranking list of the best online bachelor's degrees in business can help students find an online program that fits their personal and professional goals. We've also provided an overview of online business degrees, accreditation, the cost of online programs, and whether a degree in this field will be worth it for you.

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2021 Best Online Colleges Offering Bachelor's in Business Degrees

2021 Best Online Colleges Offering Bachelor's Degrees in Business Badge

The schools with the best 10-year return on investment (ROI) for an online bachelor’s degree in business have ROIs of $500,000 and higher. ROI estimates graduates' total earnings over 10 years, based on alumni salary and debt. In our ROI calculations, we account for both future earnings and loan interest in order to provide an estimate of the long-term outcomes of investing in a degree. The average ROI for business degrees in the US is $418,700; alumni of top-ranked University of Virginia have an estimated ROI of $788,000, about $369,000 higher than the nationwide average.

ROI amounts are based on data reported by the U.S. Department of Education. Tuitions are manually researched in order to determine tuition amounts specific to online degrees. Read our methodology for more details.

RankSchool Annual Tuition Median Starting Salary Median Debt 10-year ROI
# 1 #1 University of Virginia $14,640 $78,719 $18,006 $788,000
# 2 #2 New York University $43,032 $76,871 $20,008 $766,900
# 3 #3 City University of Seattle $20,520 $71,015 $25,375 $699,500
# 4 #4 Golden Gate University $14,322 $71,351 $29,251 $698,100
# 5 #5 University of Minnesota Online $13,545 $62,623 $20,500 $618,900
# 6 #6 Goodwin University $19,988 $63,005 $40,286 $598,500
# 7 #7 Oregon Institute of Technology $12,150 $61,020 $24,000 $598,300
# 8 #8 Capella University $10,000 $61,073 $25,000 $597,600
# 9 #9 Becker College $13,330 $61,516 $30,000 $595,900
# 10 #10 University of Management and Technology $11,700 $60,185 $20,834 $593,700
# 11 #11 Colorado State University Global $10,500 $60,206 $24,978 $588,700
# 12 #12 Charter Oak State College $12,570 $59,485 $20,350 $587,100
# 13 #13 Western Governors University $6,450 $58,622 $15,092 $584,700
# 14 #14 Thomas Edison State University $9,278 $58,447 $17,114 $580,400
# 15 #15 Embry-Riddle Aeronautical University-Worldwide $12,870 $58,943 $21,874 $579,600
# 16 #16 Southwestern College - KS $19,800 $57,598 $16,227 $573,200
# 17 #17 Drexel University $41,310 $58,162 $27,737 $564,600
# 18 #18 University of Massachusetts - Amherst $14,250 $57,082 $21,500 $560,900
# 19 #19 Utah Valley University $16,092 $55,801 $15,750 $554,900
# 20 #20 University of Mary $13,950 $56,776 $24,362 $554,200
# 21 #21 Rutgers University $16,500 $56,415 $22,000 $553,400
# 22 #22 LeTourneau University $11,820 $56,415 $29,168 $544,500
# 23 #23 Bowling Green State University-Main Campus $9,727 $55,183 $24,275 $538,200
# 24 #24 Union Institute & University $16,350 $55,964 $31,090 $537,400
# 25 #25 Excelsior College $15,300 $53,300 $12,412 $533,600

Best Bachelor's Degrees in Business Rankings Details

#1

University of Virginia

Charlottesville (VA)
  • 10-Year ROI: $788,000
  • Median Salary: $78,719
  • Annual Tuition: $14,640
  • Median Debt: $18,006

The University of Virginia offers an online Bachelor of Interdisciplinary Studies degree completion program with a concentration in business. Students may begin the program after earning 45-60 college credits, either transferred from an accredited institution or received at UVA. A total of 120 credits are required for graduation, including 18 in the business concentration. Students... take classes in commercial law, fundamentals of marketing, managerial finance, and organizational behavior before completing a capstone project that spans two semesters. Students generally complete the degree in three to four years while taking two courses per semester.

Classes are delivered fully online and are generally taken synchronously with other online students, although some courses are offered asynchronously. Scholarships can help defray tuition costs, including the Osher Reentry Scholarship specifically for degree-completion students in an interdisciplinary studies program.

To apply, prospective students must submit an online application and official transcripts for all postsecondary schools where they earned credits. Once enrolled, online students can access virtual career development services, tutoring, academic advising, and disability accommodations.

Cost per Credit: $488
School Type: Non-Profit
Graduation Rate: 94%
Acceptance Rate: 27%
Financial Aid Recipients: 59%
Average SAT Scores: 1330 - 1500
Accreditation: SACS COC
Undergrad Online Enrollment: 344

#2

New York University

New York (NY)
  • 10-Year ROI: $766,900
  • Median Salary: $76,871
  • Annual Tuition: $43,032
  • Median Debt: $20,008

New York University (NYU) offers an online Bachelor of Science in Leadership and Management Studies with a concentration in international business and global management. This is a degree-completion program requiring 128 credits to graduate, including general education classes and electives, required core business coursework, and 16 credits in concentration classes. The program culminates... in a four-credit graduation project, either a seminar or internship.

Classes may be offered with synchronous or asynchronous delivery. NYU hosts scholarships and grants for online students, including the School of Professional Studies (SPS) Scholarship that awards up to $10,000 a year for those with exceptional needs. Students with at least two semesters at NYU can apply to be Dean Scholars and earn up to $10,000 a year for outstanding academic achievement. The SPS Wasserman Center provides virtual career counseling and helps connect students with NYU’s employer partners and large alumni network.

To apply, students must have earned an associate degree or have completed 45 transferable college credits, with a recommended 3.3 GPA. Applicants can submit an online application, personal statement, CV, two letters of recommendation, official transcripts, and test scores. Support resources for online students include academic advisors, tutoring, and IT services.

School Type: Non-Profit
Graduation Rate: 84%
Acceptance Rate: 28%
Financial Aid Recipients: 51%
Average SAT Scores: 1310 - 1510
Accreditation: MSCHE
Undergrad Online Enrollment: 90

#3

City University of Seattle

Seattle (WA)
  • 10-Year ROI: $699,500
  • Median Salary: $71,015
  • Annual Tuition: $20,520
  • Median Debt: $25,375

City University of Seattle offers an online Bachelor of Science in Business Administration with four available concentrations: data analytics for business decision making, management, project management, and specialized study. This program lasts 180 quarter credits and includes 13 core five-credit business courses, plus five courses for each concentration. Core classes include Finance,... Fundamentals of AI, Marketing and Competitive Analysis, and Strategic Management. The project management program aligns with Project Management Institute (PMI) principles and can be applied to PMI’s Project Management Professional certification.

City U provides a choice of fully online or hybrid delivery models for this degree. Students use the Blackboard learning management system for the online portion, where they can work on assignments, watch videos, and respond to discussion threads at their convenience. Eligible applicants can pursue scholarships through City U, including awards based on need, merit, or specific backgrounds or work experiences. The Career Center provides recorded job-search workshops and live webinars through the CityU Alumni Association.

City U accepts applications throughout the year on a rolling basis. In addition to transfer credit for college coursework, students may receive credit for life and work experience using a Prior Learning Assessment. City U posts the resources required for each online course on its library website, which includes textbooks.

Cost per Credit: $456
School Type: Non-Profit
Financial Aid Recipients: 50%
Accreditation: NWCCU
Undergrad Online Enrollment: 341

#4

Golden Gate University

San Francisco (CA)
  • 10-Year ROI: $698,100
  • Median Salary: $71,351
  • Annual Tuition: $14,322
  • Median Debt: $29,251

Golden Gate University (GGU) offers an online Bachelor of Science in Business as a general degree or ten concentrations. Concentrations include data analytics, international business, marketing, psychology, and accounting. The accounting and psychology concentrations are part of pathway programs that ease the process of pursuing a graduate degree at GGU in those disciplines. A ...Bachelor of Science in Accounting and a Bachelor of Arts in Management (with concentration options) are also available online. While each track has different core and elective requirements, all tracks are 123 units.

Students access coursework and lectures on GGU’s learning platform and are expected to contribute to discussion forums every week. Many courses are fully online, but some are offered with hybrid delivery. GGU hosts several scholarships and grants, including a 20% tuition grant for new undergraduates who aren’t receiving another award. The Career Services office provides job and internship opportunities, networking events, and employer insight videos where recruiters describe what they seek in job candidates.

GGU admissions focus on degree-completion students who already have some college credits; however, prospective students can still apply with proof of high school graduation or a GED and at least three years of work experience. These students will write a statement of purpose and may need to interview with the dean. Once admitted, students can access GGU’s support services, including academic advising, health and wellness resources, and virtual tutoring.

Cost per Credit: $462
School Type: Non-Profit
Accreditation: WSCUC
Undergrad Online Enrollment: 155

#5

University of Minnesota Online

Minneapolis (MN) (and 4 others)
  • 10-Year ROI: $618,900
  • Median Salary: $62,623
  • Annual Tuition: $13,545
  • Median Debt: $20,500

The University of Minnesota Online (UMO) offers three specialized undergraduate business degrees. The Bachelor of Science in Agricultural Business prepares students to apply proven business practices to agriculture and commodities through courses such as Professional Agriselling, Farm Business Management, and Grain and Livestock Marketing. The Bachelor of Science in International Business... aims to create adaptable, globally focused professionals with coursework in International Business Law, International Business Cultures and Etiquette, and a foreign language. The Bachelor of Science in Marketing is for students seeking to understand and influence consumer behavior. Courses include Integrated Marketing Communication, Internet Marketing, and Brand Management. All three degrees require 120 credits to graduate.

UMO students use the Canvas learning management system to complete all coursework and interact with classmates. Though all three programs are fully online, their scholarships and grants are administered through the University of Minnesota’s Crookston campus. Available awards include the need-based U Promise Scholarship for eligible first-year students and the Berland Opportunity Grant for adults who are at least four years out of school.

Prospective students will apply through UM Crookston, which involves completing an online application and answering an essay question. To help students succeed, UMO provides a Learning Online page with links to academic advising and career services, learning and discipline tips, and health and well-being resources.

Cost per Credit: $452
School Type: Non-Profit
Graduation Rate: 73%
Acceptance Rate: 62%
Financial Aid Recipients: 85%
Average SAT Scores: 1099 - 1299
Accreditation: HLC
Undergrad Online Enrollment: 1,525

#6

Goodwin University

East Hartford (CT)
  • 10-Year ROI: $598,500
  • Median Salary: $63,005
  • Annual Tuition: $19,988
  • Median Debt: $40,286

Goodwin University offers an online Bachelor of Science in Business Administration. This 121-credit program includes required core classes such as Business Law and Ethics, Small Business and Entrepreneurship, Customer Relations in a Multicultural World, and a Strategic Planning capstone. The program is designed to take four years, but students can also take accelerated classes that... last half the standard 15-week length.

Most courses are fully online, and others may be offered in a hybrid format. The Departmental Scholars program covers up to 30% of a business undergraduate’s tuition, as long as the student takes at least nine credits per semester and earns a 3.0 GPA or higher. Goodwin also allows up to 90 transfer credits, which can save students money by reducing the time needed to complete a degree.

Admission is rolling, with six start dates per year. Prospective students fill out an online application, submit high school or GED transcripts, and send in SAT or ACT scores after meeting with an Admissions Officer. Transfer students will also need to submit transcripts from any post-secondary institutions they’ve attended. Enrollees can access academic, personal, and professional support services that include writing help, tutoring, and counseling.

School Type: Non-Profit
Graduation Rate: 38%
Financial Aid Recipients: 97%
Accreditation: NECHE
Undergrad Online Enrollment: 812

#7

Oregon Institute of Technology

Klamath Falls (OR)
  • 10-Year ROI: $598,300
  • Median Salary: $61,020
  • Annual Tuition: $12,150
  • Median Debt: $24,000

Oregon Institute of Technology (OIT) offers an online Bachelor of Science in Business Management. This program requires 182 credits to complete, with most classes worth three credits in OIT’s 11-week quarter system. Required coursework includes Principles of Accounting, Human Resource Management, Business Presentations, and Lean/Six Sigma Management, plus a two-course Senior Project... and a variety of electives. Students work with the Career Development office to secure a junior-year internship.

Online courses are delivered through the Canvas system, and most components are asynchronous. Instructors may schedule live lectures and web conferences but will always record them to benefit those who can’t attend. To help pay for their degree, students can pursue a range of scholarships based on need, merit, or diversity criteria.

Prospective students must submit the online application and have their official transcripts and SAT or ACT scores sent directly to the admissions office. This includes post-secondary transcripts for transfer students. OIT provides a Getting Started Checklist to smooth the transition into online college and prepare students to succeed.

Cost per Credit: $270
School Type: Non-Profit
Graduation Rate: 52%
Acceptance Rate: 61%
Financial Aid Recipients: 88%
Average SAT Scores: 1030 - 1240
Accreditation: NWCCU
Undergrad Online Enrollment: 726

#8

Capella University

Minneapolis (MN)
  • 10-Year ROI: $597,600
  • Median Salary: $61,073
  • Annual Tuition: $10,000
  • Median Debt: $25,000

Capella University offers an online Bachelor of Science in Business degree with nine specializations: accounting, accounting CPA, business administration, finance, health care management, human resource management, management and leadership, marketing, and project management. The course path differs by program, but each student takes 10 core business courses and eight in their concentration,... culminating in a capstone course. A Bachelor of Science in Information Technology with a concentration in project management is also available. All of the degrees require 180 quarter credits.

Most students follow Capella’s GuidedPath system, which structures courses in 10-week quarters with due dates and synchronous discussions. The information technology degree and six of the business degree concentrations allow for FlexPath, which lets students take courses at their own pace and proceed to the next once they demonstrate competency. Capella provides funding opportunities for undergraduates, including the Capella Progress Reward that offers up to $8,000 to new students in a GuidedPath program. Students can also seek scholarships and complete their general education courses using self-paced modules, which can help reduce total tuition costs.

Admission requirements vary by degree, but all applicants must be at least 24 years old (with exceptions for service members and students with 24 prior college credits). Prospective students complete an online application and submit official high school or GED transcripts. Transfer students also submit previous college transcripts, as do students applying for FlexPath (which requires previous college experience).

School Type: For-Profit
Financial Aid Recipients: 100%
Accreditation: HLC
Undergrad Online Enrollment: 9,815

#9

Becker College

Worcester (MA)
  • 10-Year ROI: $595,900
  • Median Salary: $61,516
  • Annual Tuition: $13,330
  • Median Debt: $30,000

Becker College offers an online Bachelor of Science in Business Administration, with an optional concentration in management. The program takes 121 credits to graduate and includes a core of 11 business classes. Students in the general track take Global Economics and 73 elective credits, and management students take five specialized courses and 52 elective credits. A senior-year... internship rounds out the program.

Becker delivers courses using the Canvas learning management system. Students log in to review and turn in assignments, watch virtual lectures, and interact with their classmates and instructors. Enrollees can apply for need- and merit-based scholarships and grants. These include the Travelli Scholarship for both need and merit and the Becker Family Grant, which discounts tuition 10% for all students of families with multiple Becker undergraduates.

To apply, students must submit high school or GED transcripts showing a GPA of at least 2.0 in a college-prep curriculum. SAT or ACT scores may be required. Transfer students must also submit transcripts for any college-level credits they claim.

Cost per Credit: $430
School Type: Non-Profit
Graduation Rate: 43%
Acceptance Rate: 69%
Financial Aid Recipients: 100%
Average SAT Scores: 980 - 1180
Accreditation: NEASC CTCI
Undergrad Online Enrollment: 97

#10

University of Management and Technology

Arlington (VA)
  • 10-Year ROI: $593,700
  • Median Salary: $60,185
  • Annual Tuition: $11,700
  • Median Debt: $20,834

The University of Management and Technology (UMT) offers an online Bachelor of Business Administration degree with eight possible concentrations: criminal justice administration, engineering management, health administration, human resources management, international management, information technology management, management, and marketing management. This 120-credit program includes... 33 credits in core business classes such as Economics for Managers, Legal Environment of Business, Principles of Management, and Entrepreneurship. Students also elect 15 credits in the concentration and take a capstone course to conclude the program.

UMT’s online courses are asynchronous and allow for interaction through discussion boards and video conferencing. The university offers need-based scholarships for active-duty and honorably discharged service members, National Guard and Reserve members, and first responders. Eligible students can also borrow textbooks from UMT instead of buying them.

Prospective students need to complete the online application and submit a resume, high school or GED transcripts, transcripts from any postsecondary schools attended, and three reference forms.

Cost per Credit: $390
School Type: For-Profit
Graduation Rate: 40%
Accreditation: DEAC
Undergrad Online Enrollment: 321

#11

Colorado State University Global

Greenwood Village (CO)
  • 10-Year ROI: $588,700
  • Median Salary: $60,206
  • Annual Tuition: $10,500
  • Median Debt: $24,978

Colorado State University Global (CSUG) offers an online Bachelor of Science in Business Management. This 120-credit program includes 31 general education credits and 30 credits of core business classes, such as Principles of Management, Quantitative Business Analysis, and the Business Policy Development and Implementation Capstone. An optional Business Management Practicum is designed... to give students practical experience, though it may not be available in all states. Any CSUG bachelor’s student can also select 15 credits toward a specialization such as marketing, project management, and human resources and organizational development.

Online students work in the Canvas learning system to view assignments, read and watch lectures, and interact with faculty and classmates through message boards and group chats. Students may be eligible for institutional scholarships if they meet certain conditions, such as academic excellence or financial need. Students who received an associate degree at a CSUG affiliate school can also receive a tuition discount. Students with special work or life experiences can take a Prior Learning Assessment to earn possible credit toward their degrees.

CSUG applicants must meet different requirements depending on their status. First-year students (and most others) must provide high school or GED transcripts showing a GPA of 2.8 or higher, along with an ACT score of 18 or higher or an SAT score of 980 or higher.

Cost per Credit: $350
School Type: Non-Profit
Graduation Rate: 64%
Accreditation: HLC
Undergrad Online Enrollment: 8,054

#12

Charter Oak State College

New Britain (CT)
  • 10-Year ROI: $587,100
  • Median Salary: $59,485
  • Annual Tuition: $12,570
  • Median Debt: $20,350

Charter Oak State College offers an online Bachelor of Science in Business Administration with five possible concentrations: general business (with classes chosen in collaboration with an advisor), human resources, organizational management, project management, and small business. Students must earn at least 45 credits in the major, including nine in the concentration, a culminating... capstone, and core classes that include Financial Accounting, Principles of Marketing, and Business Law.

Online courses are asynchronous for maximum flexibility, and each features discussion forums, a detailed syllabus, and regular faculty interaction. Charter Oak has various endowed scholarships for current students, most with annual awards of $850. Graduates of Connecticut community colleges can apply for a transfer scholarship to cap their last two years of tuition at community college rates. Students can also save money using a Prior Learning Assessment to earn credit for work and life experiences outside academia.

Applicants must have at least nine college-level credits to be accepted at Charter Oak. Prospective students will need to provide transcripts for high school or a GED, plus any college-level institution they’ve attended. Once enrolled, students can access Charter Oak’s library and bookstore online, receive technology help, and seek tutoring and writing assistance.

Cost per Credit: $419
School Type: Non-Profit
Accreditation: NECHE
Undergrad Online Enrollment: 1,549

#13

Western Governors University

Salt Lake City (UT)
  • 10-Year ROI: $584,700
  • Median Salary: $58,622
  • Annual Tuition: $6,450
  • Median Debt: $15,092

Western Governors University offers an online Bachelor of Science in Business Administration degree with concentrations in business management, healthcare management, and marketing. Each program consists of 40 or 41 courses that include general education requirements and a core of 13 business classes on topics such as finance, strategic thinking, business structure, and management... best practices. Students also take specialized courses and complete a capstone project in their concentration. The average completion time varies — for example, 67% of marketing B.S. students finish their degree within 36 months, whereas 73% of healthcare management students finish within 30 months.

WGU students complete coursework asynchronously at their own pace and can complete as many courses as they’re able during each six-month term. Business students can pursue funding opportunities such as the Business Ready Scholarship (for residents of select states) and the New Start Scholarship. WGU’s Career & Professional Development Team provides job search resources, resume and interview prep, and professional development help to students.

Applicants must complete an online admission form and submit high school or GED transcripts (and previous college transcripts for transfer students). An Enrollment Counselor will help each applicant through the process. Once enrolled, students are assigned a Program Mentor to guide them through their degree experience.

School Type: Non-Profit
Graduation Rate: 29%
Accreditation: NWCCU
Undergrad Online Enrollment: 88,921

#14

Thomas Edison State University

Trenton (NJ)
  • 10-Year ROI: $580,400
  • Median Salary: $58,447
  • Annual Tuition: $9,278
  • Median Debt: $17,114

Thomas Edison State University (TESU) offers online Bachelor of Science in Business Administration degrees in 11 concentrations, including Accounting, Entrepreneurship, General Management, Marketing, and Operations Management. All tracks of this degree take 120 credits, including 36 in core business courses, 18 in the concentration, and six in electives. All business B.S. majors... take a capstone course called Strategic Management to complete their program.

TESU delivers courses in several online formats that include interactive, independent study, and guided study, which offer varying levels of interaction with faculty and classmates. Depending on the program, students may choose the option that best fits into their schedule and lifestyle. To help fund a degree, eligible students can apply for a scholarship, including awards for need, merit, New Jersey residency, or military service. TESU also provides ways to earn credit for prior learning and experience, such as taking a learning assessment or offering proof of a license or certification.

Applicants must be at least 20 years old or be in active military service. TESU may make exceptions for 18-19-year-olds with at least 24 college-level credits, but these applicants need to complete an Age Waiver Petition Request Form. The Center for Student Success provides administrative help for online students, and the Office of Academic Advising guides students through their academic programs.

School Type: Non-Profit
Accreditation: MSCHE
Undergrad Online Enrollment: 10,140

#15

Embry-Riddle Aeronautical University-Worldwide

Daytona Beach (FL)
  • 10-Year ROI: $579,600
  • Median Salary: $58,943
  • Annual Tuition: $12,870
  • Median Debt: $21,874

Embry-Riddle Aeronautical University-Worldwide offers an online Bachelor of Science in Aviation Business Administration. This degree consists of 120 credits, including general education courses and a core of 12 business courses. Students also take 10 classes specific to aviation management, including Economics of Air Transportation, Airport Planning and Design, Aircraft Crash and... Emergency Management, and Trends and Current Problems in Air Transportation. The program culminates in a comprehensive exam at the end of the capstone Strategic Management course.

Embry-Riddle offers 12 annual undergraduate terms of 9-12 weeks each. Asynchronous courses use the Canvas system, and other courses feature collaborative synchronous sessions through EagleVision. Students can seek institutional scholarships and need- or merit-based scholarships for first-year students. The Career Services office provides Embry-Riddle students and graduates with contacts in the global aerospace industry and helps with resume and interview preparation.

Prospective students need to fill out an online application form and submit all relevant high school, GED, postsecondary, or military transcripts. Once enrolled, students receive academic advising services and around-the-clock access to technical support.

Cost per Credit: $429
School Type: Non-Profit
Graduation Rate: 20%
Acceptance Rate: 66%
Financial Aid Recipients: 60%
Accreditation: SACS COC
Undergrad Online Enrollment: 8,803

#16

Southwestern College - KS

Winfield (KS)
  • 10-Year ROI: $573,200
  • Median Salary: $57,598
  • Annual Tuition: $19,800
  • Median Debt: $16,227

Southwestern College offers several online Bachelor of Science business degrees, including options in accounting, business administration, business quality management, human resource management and development, operations management, and strategic leadership. Each program requires 124 credits and students must take at least 30 at Southwestern. The curriculum differs by program,... but each culminates in a senior capstone course. Southwestern is affiliated with the United Methodist Church but welcomes students from all backgrounds.

Southwestern delivers courses through Blackboard, where students sign in at their convenience to complete assignments, watch recorded lectures, and interact with classmates in discussion forums. Courses last six weeks. The financial aid office provides scholarship and grant opportunities that include a scholarship for new undergraduates and some funding for Methodist students.

Prospective students must complete an online application and request their high school or GED transcripts (which show a minimum 2.0 GPA). Students can also transfer up to 94 approved credits toward their bachelor’s degree. Online learners can start during any of the eight terms each year. Once enrolled, they can access academic success coaches, career services, technical support, and virtual library resources.

School Type: Non-Profit
Graduation Rate: 47%
Acceptance Rate: 97%
Financial Aid Recipients: 100%
Average SAT Scores: 910 - 1080
Accreditation: HLC
Undergrad Online Enrollment: 723

#17

Drexel University

Philadelphia (PA)
  • 10-Year ROI: $564,600
  • Median Salary: $58,162
  • Annual Tuition: $41,310
  • Median Debt: $27,737

Drexel University offers an online Bachelor of Science in Business Administration with an optional marketing concentration. This degree-completion program consists of 180 quarter credits (it runs on four 10-week quarters a year) and includes 16 core business administration courses in Managerial Accounting Foundations, Business Consulting, and Operations Management. General business... students select eight further business courses, while marketing students use those electives for their concentration. A Bachelor of Science in General Studies is also offered online with a specialization in business. The degree requires 180 quarter credits, and students can transfer in up to 135 quarter credits.

Students learn via the Blackboard learning management system, where they can access lectures, assignments, and class discussions from their computer or mobile device. The university hosts a week-long Online Test Drive for prospective students to learn what online education is like before committing. Drexel grants tuition discounts to employees of over 500 partner organizations. Undergraduates can also save money by transferring up to 90 credits into this program, which shortens the time needed to complete the degree.

Prior college experience isn’t required for application, but students with no credits must be at least two years out of high school. Transfer students must prove a GPA of 2.5 or higher. Drexel supports students with advising, mental health counseling, library, and IT services, along with career development counseling.

Cost per Credit: $918
School Type: Non-Profit
Graduation Rate: 74%
Acceptance Rate: 79%
Financial Aid Recipients: 100%
Average SAT Scores: 1170 - 1380
Accreditation: MSCHE
Undergrad Online Enrollment: 559

#18

University of Massachusetts - Amherst

Amherst (MA)
  • 10-Year ROI: $560,900
  • Median Salary: $57,082
  • Annual Tuition: $14,250
  • Median Debt: $21,500

The University of Massachusetts-Amherst (UMA) offers online Bachelor of Business Administration and Bachelor of Science degrees. These degree completion programs offer concentrations in accounting, finance, management, marketing, and operations and information management. The 120-credit curriculum includes 11-12 business core classes and 6-10 classes for each concentration. UMA... also offers a Bachelor of Arts in Business Studies through the University Without Walls degree completion program. This degree requires 120 credits, and up to 75 credits may be transferred from previous schools. Students customize their major by selecting 45 credits in the Business Studies field.

UMA delivers courses through Blackboard Learn and provides an online learning guide to help students succeed. B.B.A. students can seek scholarships by enrolling in the automated Academic Works system. B.A. students also have scholarship options, along with microgrants to cover unexpected financial hardships.

Admissions for both online programs requires completing an online application and submitting official transcripts. B.B.A. applicants need at least 27 college-level credits and must submit a personal statement, resume, and official transcripts. B.A. applicants must have at least 12 college credits with a minimum GPA of 2.0. Enrolled students can access the online support center to find resources such as tutoring, technical support, and academic guidance.

Cost per Credit: $475
School Type: Non-Profit
Graduation Rate: 80%
Acceptance Rate: 58%
Financial Aid Recipients: 91%
Average SAT Scores: 1200 - 1390
Accreditation: NECHE
Undergrad Online Enrollment: 1,224

#19

Utah Valley University

Orem (UT)
  • 10-Year ROI: $554,900
  • Median Salary: $55,801
  • Annual Tuition: $16,092
  • Median Debt: $15,750

Utah Valley University offers an online Bachelor of Science in Business Management with three available concentrations: general business, hospitality management, and international business. Each program takes 120 credits to complete, including 44 credits in a common business core (with courses such as Business Statistics, Principles of Marketing, and Operations Management). Each... concentration requires 27 credits, but only the General Business and Hospitality Management tracks require an internship.

Utah Valley delivers online courses through Canvas, where students read and submit assignments, review lectures, and interact with classmates and faculty in discussions. Most courses are asynchronous. To help fund their degree, students can search for scholarships based on their status as first-year students, continuing students, or transfer students. The Career Development Center helps students find jobs and internships by linking to job boards, holding career fairs for employers to recruit, and providing personalized counseling.

Applicants must fill out the online admissions form, submit official transcripts, and send ACT or SAT scores (required for some scholarships, not for admission). Admitted students can access a range of services, including online tutoring, academic advising, and accessibility accommodations.

School Type: Non-Profit
Graduation Rate: 26%
Financial Aid Recipients: 75%
Accreditation: NWCCU
Undergrad Online Enrollment: 3,030

#20

University of Mary

Bismarck (ND)
  • 10-Year ROI: $554,200
  • Median Salary: $56,776
  • Annual Tuition: $13,950
  • Median Debt: $24,362

The University of Mary (UM) offers online Bachelor of Science degrees in Business Administration and Business Management. The administration program aims to create generalists who can work in any business sector in sales, operations, finance, marketing, or communications. The management degree is for students who want to lead teams and projects to shape organizational strategy.... Both degrees total 124 semester credits and take an average of four years to complete. Students in both programs take a course called Principles of Catholic Social Teaching in Business that reflects UM’s Benedictine Catholic values. The administration program also requires either an internship or an Experiential Development course.

Both programs are offered in fully online and blended formats. Some scholarships are available to UM students, including those who work for select employers partnered with the university. Online business students will receive nine free credits for their final UM term if they’ve remained in an active status throughout their degree. UM also offers transfer credits for prior learning earned through nonacademic means, so students can save money by reducing the time needed to graduate.

Most of UM’s online students are working adults with some college credit, but first-year students can apply with a high school degree or equivalent. Transfer students with 24 or more college credits must demonstrate a minimum GPA of 2.0 when applying.

Cost per Credit: $450
School Type: Non-Profit
Graduation Rate: 55%
Acceptance Rate: 76%
Financial Aid Recipients: 98%
Average SAT Scores: 1047 - 1272
Accreditation: HLC
Undergrad Online Enrollment: 330

#21

Rutgers University

New Brunswick (NJ)
  • 10-Year ROI: $553,400
  • Median Salary: $56,415
  • Annual Tuition: $16,500
  • Median Debt: $22,000

Rutgers University offers an online Bachelor of Arts in Business Administration with a concentration in corporate finance, data analytics, digital marketing, or strategic human resource management. Through the core business curriculum, students develop leadership skills and learn about current business models and best practices in business administration. Rutgers offers an Integrated... Dual-Degree Program for undergraduates who also want to earn their Master of Business Administration at Rutgers. Students may pursue special in-person opportunities for credit, including a 12-day study-abroad experience in South Africa and an optional internship.

Coursework is delivered entirely online through the Canvas learning management system. Rutgers undergraduates can pursue a range of scholarships and grants to help fund the costs of their degree, including several based on financial need or New Jersey residence.

Students with 18 transferable college credits from an accredited university can submit an online application. Through My Rutgers, distance learners can access academic resources, grades, and career services.

Cost per Credit: $550
School Type: Non-Profit
Graduation Rate: 80%
Acceptance Rate: 58%
Financial Aid Recipients: 69%
Average SAT Scores: 1190 - 1410
Accreditation: MSCHE
Undergrad Online Enrollment: 347

#22

LeTourneau University

Longview (TX)
  • 10-Year ROI: $544,500
  • Median Salary: $56,415
  • Annual Tuition: $11,820
  • Median Debt: $29,168

LeTourneau University offers an online Bachelor of Business Administration with concentrations in finance, general business, human resource management, management, and nonprofit management. This 120-credit program contains 42 credits of common core classes, including Information Systems, Business Ethics, and Organizational Behavior. Students also take 12 credits in their concentration.... Another option is LeTourneau’s online Bachelor of Business Management, a 120-credit program for students who want to lead teams and organizations. Specialized courses include Project Management and Dynamics of Leadership. Students in this program usually take one five-week course at a time, though some last 10 weeks. Both degrees emphasize LeTourneay’s Christian values in their course offerings, and all students must take 12 hours of theology courses to graduate.

Students complete all coursework through the Canvas system, which provides opportunities for communication with classmates and faculty. Students can pursue three endowed scholarships, though two of these have specific Texas residency requirements.

Applicants must complete an online application and submit official high school, GED, or postsecondary institution transcripts. Once enrolled, online students can access a range of resources, including online tutoring and videos on succeeding in online education.

School Type: Non-Profit
Graduation Rate: 61%
Acceptance Rate: 47%
Financial Aid Recipients: 100%
Average SAT Scores: 1090 - 1320
Accreditation: SACS COC
Undergrad Online Enrollment: 1,007

#23

Bowling Green State University-Main Campus

Bowling Green (OH)
  • 10-Year ROI: $538,200
  • Median Salary: $55,183
  • Annual Tuition: $9,727
  • Median Debt: $24,275

Bowling Green State University (BGSU) offers a fully online Bachelor of Science (BS) in Management and Technology-Business and a BS in Technology Quality Systems. Both degree completion programs require students to have an associate degree or 12 consecutive months of work experience to be eligible to apply. The program curriculums are Quality Matters certified and emphasize leadership,... technology, and management. Students can complete the degrees in 24-36 months.

Students can transfer credits into the programs from previous college-level coursework, and students in the management and technology program can receive credit for work experience. Veteran and active-duty military students are eligible for tuition discounts. 100% of program graduates report that they are employed, starting a business, or in graduate school within six months.

Multiple start dates are available. Students must submit an online application and required documentation to apply. An enrollment specialist is available to assist students through the application process.

School Type: Non-Profit
Graduation Rate: 56%
Acceptance Rate: 73%
Financial Aid Recipients: 95%
Average SAT Scores: 880 - 1100
Accreditation: HLC
Undergrad Online Enrollment: 693

#24

Union Institute & University

Cincinnati (OH)
  • 10-Year ROI: $537,400
  • Median Salary: $55,964
  • Annual Tuition: $16,350
  • Median Debt: $31,090

Union Institute & University (UIU) offers an online Bachelor of Science in Business Management that students can study as a general degree or with one of five concentrations: applied technology & business leadership, business administration, health care administration, human resource management, and organizational leadership. This 120-credit program contains five core classes that... all students take, including Theory and Practice of Leadership and Strategic Management and Business Policy. A 120-credit Bachelor of Science in Applied Technology and Business Leadership is also available. This program includes major and core courses and a graduation capstone.

Online courses start every eight weeks, and students can choose a full- or part-time path for added flexibility. Those with prior credits can transfer up to 90 hours, including up to 30 from qualifying nonacademic Certified Learning sources, which lowers total tuition by reducing the time needed to complete the program. UIU also hosts scholarships for undergraduates, including tuition assistance for graduates of select community colleges or public safety workers. UIU’s career services include helping students identify their strengths and weaknesses, building a professional online image, and learning to promote themselves effectively.

To apply, prospective students must provide high school or GED transcripts. Transfer students need to submit transcripts for all sources of previous credits. UIU provides academic services such as math tutoring and writing assistance, along with virtual library access and a technology help desk.

Cost per Credit: $545
School Type: Non-Profit
Graduation Rate: 11%
Financial Aid Recipients: 100%
Accreditation: HLC
Undergrad Online Enrollment: 538

#25

Excelsior College

Albany (NY)
  • 10-Year ROI: $533,600
  • Median Salary: $53,300
  • Annual Tuition: $15,300
  • Median Debt: $12,412

Excelsior College offers two fully online degrees in business: a Bachelor of Professional Studies (BPS) in Business Management and a Bachelor of Science (BS) in Business. The BS degree is accredited by the International Accreditation Council for Business Education (IACBE) and has concentrations in finance, general accounting, general business, logistics management, human resources,... and marketing. Both programs are 120 credits and cover topics in management, communication, leadership, marketing, business strategy, and ethics. Students can study part-time or full-time. Courses run in accelerated 8-week formats.

Online coursework is asynchronous and hosted on the Canvas learning platform. Students can interact with faculty and classmates via discussion boards. Both Excelsior degrees allow students to transfer up to 113 credits into the program. Credit is awarded for military training, college-level exams, and education programs and courses. Excelsior offers payment plans, tuition discounts to students employed by partner organizations, reduced rates for military and veteran students, and scholarships.

Applicants must submit an online application and other required materials to apply. Online students have access to the online writing lab, technical support, and tutoring services.

Cost per Credit: $510
School Type: Non-Profit
Accreditation: MSCHE
Undergrad Online Enrollment: 27,207

Overview of Online Business Degrees

Business is one of the most widely available online degree options, in part because it is a highly popular major.Data from the National Center for Education Statistics shows business majors have dominated the graduating classes of U.S. colleges and universities for 40 years.

Online programs in business and many other majors have become increasingly popular in recent years. As the number of online degree options continues to grow, more students enroll each year due to the flexibility and convenience they provide.

Data from the National Center for Education Statistics shows business majors have dominated the graduating classes of U.S. colleges and universities for 40 years.

Bachelor's degrees in business are designed to be completed in four years of full-time study. Most online bachelor's degrees require 120 credits of general education, business classes, and electives to graduate, however students who have earned previous credits or already have an associate degree may be able to finish sooner by transferring credits or enrolling in a degree completion program.

Bachelor of Arts vs. Bachelor of Science in Business - What's the Difference?

When choosing a school and online degree program, students may wonder whether to pursue a Bachelor of Arts or a Bachelor of Science degree and which is more suited to their interests. Both have a similar structure that includes general education credits in addition to major-specific requirements and both typically have a core business curriculum, but the required classes often differ.

In terms of future academic goals, earning a BS means you'll have more of the required prerequisites for a science or math-focused master's degree, while a BA will fulfill more liberal arts requirements for a Master of Arts or MBA program. We highlight a few additional differences between the degrees below, alongside information about a third type of degree: Bachelor of Business Administration.

Bachelor of Arts in Business

A BA in business will have a liberal arts core of general education requirements in addition to business courses. General education classes focus on the humanities, with courses in English, history, communications, social sciences, and a few in science and math. Major requirements for business programs usually include classes on business law, business communications, finance, accounting, and management.

Alumni with a BA in business administration will come away with a strong foundation in interpersonal communication, critical thinking, and other soft skills useful in business environments.

Bachelor of Science in Business

BS in business programs will have a stronger emphasis on math and science classes. Although students in BS programs still take some humanities classes in areas such as communications and social sciences, they'll focus more on technical skills in math, science, statistics, and related subjects.

Students who graduate from a BS program will be well-prepared for the analytical aspects of the business environment with the technical skills a STEM-heavy education provides.

Bachelor of Business Administration

A Bachelor of Business Administration, or BBA, is a third type of business degree that gives students a comprehensive overview of business functions. The curricula for these programs typically focus on developing students' management, communication, analytical, and problem-solving skills. BBA programs also may offer a wider range of concentrations for students to pick an area of interest. Similar to a BA program, the BBA will focus more on management and operations and less on math and science-based courses.


Common Courses for an Online Bachelor's in Business

Students earning an online business degree have many paths to choose from. Whether you're studying business administration, international business, project management, or another area of focus, degrees in business have a core set of classes to prepare graduates for success in the industry. Business students can expect to take some of the following courses:

  • Accounting: Introductory accounting courses give an overview of basic principles, terminology, and systems used in financial accounting. Students will gain hands-on experience creating financial statements and reports, and using ledgers and journals to track financial information.
  • Business Analytics: Using data to inform decisions is an essential skill for business professionals. Students will learn how to gather, analyze, and explain data, and its applications for business leaders and companies. Lectures may cover programming, data mining, predictive analytics, optimization, data analytics, and data visualization.
  • Business Law: This course will introduce legal regulations and considerations for businesses. Students will learn about the obligations of companies and employers regarding civil, criminal, property, privacy, tax, and employment laws.
  • Business Management: Effective management skills are critical for business leaders. This class is designed to familiarize students with the key aspects of management, from planning and organizing to staffing and decision making. Coursework will also cover management principles and theories, social responsibility, and business ethics.
  • Economics: Introductory courses explain the fundamental economic concepts as they relate to business markets. Some programs break this subject down into individual classes on macroeconomics and microeconomics. Lectures will touch on large-scale issues that affect the economy including inflation, recession, and unemployment, as well as small-scale issues that affect businesses at the organizational level.
  • Marketing: Students will gain a thorough understanding of contemporary marketing methods and strategies and the societal factors influencing business markets. Class topics will include product distribution, promotion, and pricing, consumer behavior, market research, product life cycles, and marketing ethics.

Business Concentrations

While many students opt for a general business education, many programs offer a range of concentrations to help students achieve their career goals. Students can study everything from healthcare management to management information systems, depending on what they want to do with their degree. The following are some examples of business concentrations, although there are many more available.

  • Business Administration: Business administration degree programs are widely available online and prepare students for careers in sales, marketing, real estate, human resources, and other areas.These programs give students a broad range of skills necessary for roles in management and administration. Courses may touch on conflict resolution, negotiation, global business, and ethics.
  • Entrepreneurship: Future business owners and leaders gain hands-on skills and knowledge through entrepreneurship programs. Students learn the ins and outs of managing small businesses, examine legal requirements for business owners, learn how to create a business plan, and study aspects of successful entrepreneurship through case studies.
  • International Business: Students in this program gain insight into the unique aspects of global supply chain management, human resources, banking, and marketing internationally. They also study the ways in which world customs impact business and learn about working with culturally diverse businesses and groups. Graduates may become export sales representatives, international business development managers, or international marketing representatives, among other careers.
  • Project Management: According to salary data from Indeed, project management is one of the highest-paying specializations for business majors. The field also has a wide range of applications – project management is necessary across sectors, from public service to technology. Business degrees with an emphasis on project management focus on planning and scheduling, assessing project cost and budgets, risk management, securing necessary goods and services, and managing teams.
  • Supply Chain Management: Professionals in supply chain and operations make sure all functions within a company run smoothly and efficiently in order to deliver goods on time. Students in online supply chain management programs study logistics, production planning, inventory, materials management, purchasing, imports, and exports.

Accreditation

Accreditation is a process colleges and universities undergo to make sure their programs meet universal academic standards. Selecting an accredited business program helps students ensure their education meets industry standards and their degree will be recognized by employers, colleagues, and other business professionals. Accreditation is also necessary for students to qualify for federal financial aid, and makes it easier to transfer credits and pursue further education.

Programmatic accrediting agencies evaluate specific programs, such as business degree programs, based on their ability to meet established industry standards. The two main accreditors for business degrees are the Association to Advance Collegiate Schools of Business (AACSB) and the Accreditation Council for Business Schools & Programs (ACBSP). Both of these agencies are recognized by the US Department of Education and the Council for Higher Education Accreditation (CHEA) as independent accrediting bodies for academic business programs.

In addition to programmatic accreditation, students should look for regional or national accreditation. These agencies evaluate schools based on their curricula, faculty qualifications, research programs, and student resources, among other things. The Distance Education Accrediting Commission (DEAC) is a recognized national accrediting body that awards accreditation for institutions that specifically offer online programs. Students can check for their program or college on any one of these resources.

Are Online Business Degrees Respected?

As more students earn online degrees and enter the workforce, employer attitudes toward online education continue to shift. A study done by Northeastern University in 2019 found that 61% of HR professionals and employers see online credentials as equal to or better than credentials earned in person. Given the significant increase in online enrollment since then, this trend may continue. One of the top considerations when looking for an online degree that will be respected is accreditation. You can also look at student outcomes to figure out which schools provide a quality education, such as alumni salaries, graduation and retention rates, alumni employment rates one year out of college, or top employers for a school.

A study done by Northeastern University in 2019 found that 61% of HR professionals and employers see online credentials as equal to or better than credentials earned in person.

How Much Does an Online Bachelor's in Business Degree Cost?

The cost of an online business degree depends on a few factors, including where you go to school, how much financial aid you qualify for, and if you have credits to transfer. We manually collect tuition rates for online programs to give prospective students a clear picture of how much a degree will cost.


According to our data on 149 schools, tuition rates for online business majors range from $5,079 to $42,310. The median annual tuition rate for an online bachelor's degree in business is $14,250.


With these tuition rates in mind, students should also consider the impact of residency on the cost of attending college. In-state and out-of-state tuition plays a big role in how much your degree will cost. Students who live out of state often pay a higher tuition rate at public colleges, which can be up to three times the cost in-state residents pay. Luckily for distance learners, many schools offer the same rate to online students, regardless of where they live. Finding a school that offers in-state tuition to all online students is a good option for those looking for affordable online business degrees.

There are additional fees students will need to account for alongside tuition. Distance learners will have to factor in the cost of textbooks and supplies into their budget and may have to pay a technology fee for online classes. However, these expenses can be offset by the money they'll save on housing and transportation costs associated with campus living.

In addition to tuition and related fees, students may reference other metrics to ensure they set themselves up for financial success after graduation. In the ranking list above, we provide two numbers 一 median alumni debt and 10-year return on investment ㅡ to help students make informed decisions. These data points are important because they tell students how much alumni typically owe in student loan debt after graduation, and what kind of a financial payoff real graduates are seeing from their degrees.

Financial Aid for Online Business Students

When it comes to paying for college, students in an online business program have a range of financial aid options to help bridge the gap. Financial aid usually comes in the form of grants, scholarships, work-study opportunities, and student loans.

Online students can use financial aid to pay for classes, but may have to adhere to specific guidelines. Common requirements include attending an accredited school and maintaining a specific GPA. Always check program eligibility requirements to make sure you qualify.

Online students can use financial aid to pay for classes, but may have to adhere to specific guidelines.

The Free Application for Federal Student Aid (FAFSA) is the best and easiest way to apply for financial aid. The application goes to the federal government, state governments, and any colleges you're interested in. These organizations use your FAFSA to determine how much financial aid you qualify for.

Online business students may sometimes qualify for tuition assistance at their workplace. More than half of employers offer education funding, according to the Society for Human Resource Management. After using grants, scholarships, work-study funding, and tuition assistance, students can apply for low-interest federal student loans or private loans to cover additional costs.

When you apply to a college and submit your FAFSA, you might be automatically considered for some scholarships. However, there may be other funding opportunities available through your financial aid office, your school's business department, or the college of business at some universities. Some private organizations also offer scholarships to help business students reduce the cost of higher education.

The GE/LNESC Scholarship awards $5,000 to full-time minority students pursuing a bachelor's degree in business or engineering at an accredited college. Students must be classified as a college sophomore in the fall semester of the year they accept the award, and must have a 3.25 cumulative GPA or higher. The award is renewable for up to three years.

INS Global awards one $1,500 scholarship to students pursuing a degree in international business. Students must be accepted or currently attending a U.S. college. Applicants will write a 500-word essay on a time when they used one of the INS core values to overcome a challenge in their professional life.

The Women in Business Scholarship Program from ExpoMarketing is open to women currently enrolled in an undergraduate program and pursuing a career in business.

Ted Rollins Eco Scholarship awards $1,000 to two students per year to students interested in eco-friendly entrepreneurship. Applications are open to students majoring in business, sustainability, or marketing. Students will write an essay on their interests and goals related to entrepreneurship and the environment.


Career Opportunities for Business Graduates

Business is a popular major due in part to the high payoff alumni often see and the degree's versatility in the workforce. Business majors are well-prepared for careers in many sectors, whether they plan to work in finance, management, sales, marketing, or start their own company. Although a bachelor's degree isn't always necessary to enter the field, undergraduate education is a common requirement. The following careers are open to undergraduate business majors. Employment data is provided by the Bureau of Labor Statistics (BLS). Note, however, that many professionals go on to earn advanced degrees — the master's in business administration (MBA) is a highly popular graduate program — and this opens up further career opportunities.

Market Research Analyst

Median Annual Salary: $65,810

Job Growth Rate: 18%

Market research analysts evaluate business markets to help companies understand consumer behavior for their target demographics. They collect and analyze data, assess marketing strategies, and gather information on competitors to determine how well a company or product is doing in their industry.

Personal Financial Advisor

Median Annual Salary: $89,330

Job Growth Rate: 4%

Personal financial advisors work one-on-one with clients to help them manage and grow their finances. They may work for a finance company or go into business for themselves. They help people invest, save money, plan for retirement, adjust financial plans based on life changes, and offer other financial advice based on their client's personal needs and goals.

Human Resources Specialist

Median Annual Salary: $63,490

Job Growth Rate:7%

Human resources specialists play a key role in keeping organizations running smoothly. They work to find and hire job candidates, determine staffing needs, manage employee benefits, and handle any issues employees may have. After gaining some work experience, specialists with a bachelor's degree in business may qualify for an upper-level position in human resources management.

Sales Manager

Median salary: $132,290

Job Growth Rate:4%

Professionals in sales management ensure their company hits product distribution goals with profitability in mind. They manage staff, oversee hiring, develop training practices, set goals, analyze sales data, and may establish sales techniques for their teams. Sales managers also handle product distribution and may work closely with other departments to inform product development, marketing strategies, and other aspects that require information on consumer behavior and demographics.

Is an Online Business Degree Worth It?

When considering enrolling in an online program, students may wonder whether their degree will be worth it. Deciding if an online business degree will pay off in the long run depends in part on your financial circumstances, your personal and professional responsibilities, your career goals, and your interests.

A business degree can be worth it financially. The major is known for a high earning potential and can open the door to many career opportunities in lucrative fields. Data from the BLS shows that business and finance positions requiring a bachelor's degree earn median annual salaries between $55,560 and $89,330, compared to $55,260 for most bachelor's degree holders.

In addition, the median annual salary for careers in business and finance ($72,250) is much higher than the median salary for all occupations ($41,950), according to 2020 data from the BLS.

Graph of Median Annual Salary for Business
Source: Bureau of Labor Statistics

The online format can be more accessible for students from a wide range of majors, allowing them to fit courses around work, family, and other responsibilities. Online programs are especially popular with military service members, as moving frequently makes it difficult to enroll on campus. Choosing an online degree also means you have access to a wider range of program options rather than being limited to what's offered in your area.

While there are many benefits to earning a business degree online, students should also consider the potential drawbacks. A business program will only be worth it if it aligns with your personal and professional goals. Some may struggle to network with peers and professors or stay on track in an online setting. When you're attending class virtually, it can take a bit more work to make connections with classmates or your professor, and it may be harder to reach teachers remotely or contribute in class. It's also a significant time commitment and financial investment. If your degree won't pay off in a way that's important to you – whether that looks like a higher salary, a new job, starting your own business, or achieving your personal goals – it may not be worth the time and money you put in.

This website offers school details to prospective students as an informational resource. The appearance of a school listing on this website should not be interpreted as an endorsement of the school by this site.