A Master’s of Business Administration (MBA) opens up career opportunities for management and leadership roles in a wide range of fields like marketing, finance, and consulting. Plus, a graduate degree in business teaches you valuable skills like management, strategic thinking, complex problem-solving skills, presentation skills, and more.
There are tons of benefits to getting your MBA, including:
- A recent MBA grad can earn up to a median salary of $115,000 a year, according to Graduate Management Admission Council’s June 2022 corporate recruiters survey.
- Employment rates for recent MBA grads are looking good.
- Rising demand for MBA grads in consulting, financial services, and technology sectors.
Unfortunately, traditional MBAs come with a hefty price tag. Tuition for an MBA from a top-ranking school can cost as much as $241,984(24 mo. of study). Average prices for MBA programs at all schools – not just the Ivy League – $61,800 per year, according to Forbs. That’s not including indirect costs like textbooks, room and board, and course fees. For many students, a price tag that high simply isn’t feasible, regardless of how committed they are to advancing their education and careers
Featured MBA ProgramsLearn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
Fortunately, the landscape of higher education is changing drastically thanks to emerging forms of technology. Colleges and universities can now harness the power of the internet to post their content and share it with eager business learners across the globe. Plus, without the expense of seating students in a brick-and-mortar classroom, overhead costs for the college are much lower. Although relatively new, free MBA programs are quickly gaining popularity. For up-and-coming business leaders, there’s never been a better time to enroll in low-cost or free programs.
Earn a Free Online MBA
If you’re looking to earn the skills and knowledge afforded by an MBA but don’t need the diploma or price tag, a no-cost MBA is an excellent option. Online programs are designed with flexibility in mind, meaning you don’t have to wedge a commute into your busy schedule or even connect to a virtual classroom at a specific time each week. Instead, you’ll have the flexibility to complete your coursework on your own time, whenever it’s convenient for you. And with free tuition, the price is right!
Popular Free MBA Programs
University of the People
UoPeople, a non-profit online university, provides accredited undergraduate and graduate degree programs in business, computer science, and health administration, without charging any tuition fees. In 2009, UoPeople established itself with the aim of providing universal access to higher education, irrespective of financial constraints or geographical barriers.
Designed to equip students with skills for careers in business and management, the UoPeople MBA program consists of 36 credits. Encompassing accounting, finance, marketing, management, and economics, the program comprehensively addresses a broad spectrum of subjects. Completing an internship in their field of interest is an opportunity available to students.
UoPeople’s MBA program offers students the flexibility to study from anywhere in the world and at their own pace, thanks to its fully online format. Students have the flexibility to complete their degree at their own pace, whether quickly or slowly, due to the program’s self-paced nature.
The admission requirements for the UoPeople MBA program are as follows:
Be 18 years old or older
A Bachelor’s degree from a US accredited school or equivalent from an accredited international institution
Two years of full-time work experience (Does not have to be in business or a related field)
Proficient in English
A letter of recommendation
The UoPeople MBA program is divided into six terms, each of which is six weeks long. Each term, students take two courses. Experienced faculty members, who are experts in their fields, teach the courses with proficiency.
The courses in the UoPeople MBA program are as follows:
Quantitative Methods for Business
Human Resource Management
Information Systems Management
Ethics in Business
Business Research Methods
The cost of the UoPeople MBA program is very affordable. The application fee is $60, and the assessment fee for each course is $300. There are no additional fees for books, materials, or campus expenses.
UoPeople offers a variety of financial aid options to help students afford their education. These options include scholarships, grants, and loans.
The UoPeople MBA program is accredited by the Accrediting Commission for Senior Colleges and Universities of the Western Association of Schools and Colleges (WASC). WASC is one of the six regional accrediting agencies in the United States.
The UoPeople MBA program has a strong record of employment outcomes. According to a recent survey, 95% of UoPeople MBA graduates were employed within six months of graduation. The average starting salary for UoPeople MBA graduates is $80,000.
New York University of Business and Technology
Accredited by the Accreditation Council for Business Schools and Programs, New York University of Business and Technology offers a free MBA program. Skills in strategic planning, marketing, finance, and accounting are the program’s goal. This goal will help enable students to take on leadership roles in the business world.
The program is available online; students can complete it in two years. Students possess the option to select either full-time or part-time enrollment and wield the freedom to opt for their preferred courses. The faculty is composed of experts in their respective fields and has extensive experience teaching the program’s courses.
A GMAT score of at minimum 500 and a bachelor’s degree from an accredited institution are needed to be admitted to the program. Conditional admission is possible for those who do not meet the GMAT requirement.
The UNYBT free MBA program is entirely free of charge, with tuition, fees, and textbooks covered for students. The only expense associated with the program is a one-time exam processing fee of $98 per exam ($980 in total + textbooks).
Its graduates have accomplished exceptional success across various career fields, including business, government, and academia. U.S News & World Report acknowledged the program as one of the best online MBA programs.
The UNYBT free MBA program is a sound choice for anyone interested in a free MBA program. It is accredited by the ACBSP, available online, and can be completed in two years. Knowledgeable faculty members, capable of equipping their students with the necessary tools for success, teach the program.
For a more comprehensive overview of the program, the UNYBT free MBA program is a 60-credit curriculum, consisting of 12 courses. Students can take the courses either online or in-person through a blended format. The program is designed to be completed in two years.
The UNYBT free MBA program covers a broad range of business topics, including strategic planning, marketing, finance, accounting, business law, management, leadership, entrepreneurship, economics, and statistics. Specializing in a particular area of business, such as healthcare, technology, or nonprofit management, is achievable for students through elective courses.
The UNYBT free MBA program’s faculty is composed of experienced professionals committed to helping students excel in the program and in their careers. For students aiming to pursue an MBA without any tuition fees, the program offers an exceptional option.
What Can You Do With an Online MBA?
Free online MBA programs have many advantages over traditional graduate programs. The flexibility to complete the degree online and at the student’s convenience are both huge wins for working professionals. Free classes also mean you need not worry about going into debt to advance your career. Graduating from a free MBA unlocks the same career paths as traditional brick-and-mortar degree programs, including management, marketing, entrepreneurship, human resources, and more.
So, what are you waiting for? Advance your personal and professional goals today with a free MBA program.
Featured Online MBA ProgramsLearn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
There is another way to save money! By choosing to go to a college that pays you to attend you can become more financially stable after you graduate.