Online MBA Programs in Virginia

Updated March 16, 2021

With a strong economy, healthy GDP, and a business-friendly climate, Virginia is home to 725,000 small businesses and 21 Fortune 500 companies. This means there are ample employment opportunities for business professionals seeking managerial or executive-level jobs that require an MBA.

This page highlights AACSB and ACBSP-accredited online MBA programs in Virginia and provides information about job outlook for MBA program graduates in the state.

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AACSB & ACBSP-Accredited Online MBA Programs in Virginia

Full List Annual Tuition Recommend Rate Program Accreditation
Full List (8)
George Mason University $35,724 Add Review AACSB
Liberty University $8,475 59% (290 reviews) ACBSP
Longwood University $20,772 0% (2 reviews) AACSB
Old Dominion University $31,680 70% (10 reviews) AACSB
Regent University Online $16,179 50% (16 reviews) ACBSP
South University Online $15,078 40% (60 reviews) ACBSP
Strayer University $14,985 60% (206 reviews) ACBSP
University of Phoenix $16,752 60% (1129 reviews) ACBSP

MBA Jobs in Virginia

With a broad industry base, a growing economy, and temperate climate, Virginia is an ideal location for those looking for MBA jobs. Virginia welcomed over 200,000 new residents between 2010 and 2018, according to U.S. Census figures. Additionally, the unemployment rate in Virginia is well below the national average — 2.9% versus 3.7% — making the state extremely attractive for MBA graduates seeking a job.

In 2019, there were 21 companies from Virginia listed on the Fortune 500, including household names like Capital One, Dollar Tree, CarMax, and Hilton Holdings. The Virginia Fortune 500 companies alone employ over 800,000 workers, providing a variety of possible MBA career paths for motivated graduates.

Virginia offers a variety of residential choices for graduates interested in starting a business or those seeking an MBA career. In addition to its large cities of Virginia Beach, Norfolk, Chesapeake, Richmond, and Newport News, Virginia is also home to smaller cities, towns, and rural locations, perfect for companies looking for more affordable costs for infrastructure, labor, and other operating expenses.

MBA Job Growth

According to the Virginia Economic Development Partnership, the state is home to a diverse range of industries, with the largest data center market in the country, a leading concentration of technology workers, a strong manufacturing base, and one of the biggest ports on the East Coast. The Partnership names the following key industries as “poised for growth” in Virginia: corporate services, food and beverage processing, information technology, life sciences, manufacturing, supply chain management, and unmanned systems.

According to the government of Virginia, the projected employment growth rate expected until 2024 is around 9.3%, which is higher than the national growth rate of 6.5%. High-growth positions for MBA graduates in Virginia include management analysts, accountants and auditors, and personal financial advisors.

Virginia supports business growth through its many state-funded incentive programs, including job expansion grants, capital investment grants, maritime grants, deal-closing grants, and agriculture development funds. Mentors, financial resources, and workforce development programs are readily available to early-stage entrepreneurs.

Virginia MBA Salaries

The average annual MBA salary in Virginia is $81,000 per year, right in line with the national average of approximately $83,000. Yet, many MBA jobs in Virginia pay significantly higher than the state and national averages. For example, according to the University of Virginia’s Darden School of Business, their MBA graduates received an average annual salary higher than the national average in industries like consulting ($140,189), investment banking ($128,625), and retail ($123,929).

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