Best Online Master’s In Management Of 2024 – Forbes Advisor

Consider Your Future Goals

An online master’s in management program is generally a good option for an early career business professional who aspires to managerial and supervisory roles in their field. Some people claim that a master’s in management is a more practical degree than an M.B.A., focused more on minutiae and data such as budgeting and forecasting.

As such, many schools build their programs with working business professionals in mind. To that end, many online master’s in management programs do not include field experience or practicum experiences or internships. If you want your program to include this opportunity, you’ll have to research more carefully on the front end.

Since management is a general field, some online programs in the field offer more specific concentrations in areas such as nonprofit management, human resource management or supply chain management. If you know you want to enter one of these subfields, make sure to apply to a program with the right concentration option.

Understand Your Expenses and Financing Options

Per-credit tuition rates for the 10 ranked programs in our guide ranged from $347 to $775. Over the course of a typical 30- to 36-credit master’s in management program, these rates translate to approximately $10,000 to $28,000 in total tuition.

As of the 2021–2022 academic year, the National Center for Education Statistics found that the average college charged $20,513 in annual tuition. For a one- or two-year master’s program, this translates to roughly $20,000 to $40,000 in total tuition.

Make sure to fill out the FAFSA to finance your master’s program. The FAFSA can lead to loans, scholarships and grants. You can pursue similar opportunities through nonprofit organizations and schools. You can also seek out graduate assistantships through your school, but these opportunities are often reserved for on-campus students.