Top Ranked And Very Affordable MBA Programs in the US

It may be clear that not every hybrid or online MBA program could possibly offer the same quality, and not every traditional MBA program will be of the identical quality as well. But extensive research has shown that respected brick and mortar universities that have established entirely online MBA programs based on their traditional MBA’s, really offer top-of-the-line alternatives.

Online MBA programs have become extremely popular, and there is no need for hesitation to enroll in an MBA program merely because the program is offered online. The listen on this page is based on full-time MBA programs.

There is no question that obtaining the MBA degree is beneficial, yet the financial debt load that comes along with the MBA degree scares many potential students. If you want to take a look at the cheapest online MBA programs in the U.S. check out this post. See also our review of best GMAT prep tools.

Top Ranked (and still affordable) MBA programs

We have analyzed 4 major MBA rankings published by Forbes, US News, Financial Times and Economist Listed here are MBA programs from highly reputable business schools that provide the best value for money, and we still label them “cheap MBA”.

Importance of Residency – State residents are eligible for a lower tuition rate at state universities, the difference could be as high as $20.000. It might be worth checking how to become a residence of the state where you want to study. Please note that the listed prices are for tuition only, unless stated otherwise. More fees will apply, so please check the schools’ websites.

The University of Illinois–Urbana-Champaign

The University of Illinois MBA, Room 3019 BIF, 515 E. Gregory Drive, Champaign, IL 61820, Phone: (217) 244-8019

  • Tuition full-time MBA for State Residents – $23,072 (more fees apply)
  • Tuition full-time MBA Non-Residents – $34,622 (more fees apply)
  • Forbes Ranking – 45
  • US News Ranking – 35
  • Financial Times Ranking – 44
  • Economist Ranking – no position

source: a website

The University of Florida

Warrington College of Business, Hough Graduate School of Business, University of Florida, Bryan Hall 100, Gainesville, FL 32611, Phone: (352) 392-2397

  • Tuition full-time MBA for State Residents – $26,473
  • Tuition full-time MBA Non-Residents – $61,260
  • Forbes Ranking – 63
  • US News Ranking – 41
  • Financial Times Ranking – 90
  • Economist Ranking – no position

source: a website

The University of Wisconsin–Madison

Wisconsin School of Business, Grainger Hall, 975 University Avenue, Madison, WI 53706, Phone: (608) 262-1550

  • Tuition full-time MBA for State Residents – $28,952
  • Tuition full-time MBA Non-Residents – $58,586
  • Forbes Ranking – 32
  • US News Ranking – 27
  • Financial Times Ranking – 81
  • Economist Ranking – 49

source: a website

The University of Texas–Dallas

Naveen Jindal School of Management, The University of Texas at Dallas, SM 42, 800 West Campbell Road, Richardson, TX 75080, Phone: (972) 883-2705

  • Tuition full-time MBA for State Residents – $29,757 including fees
  • Tuition full-time MBA Non-Residents – $56,142 including fees
  • Forbes Ranking –
  • US News Ranking – 37
  • Financial Times Ranking – no position
  • Economist Ranking – no position

source: a website

Texas A&M University–College Station (Mays)

Mays Business School, Wehner Building, Texas A&M University, 4113 TAMU, College Station, TX 77843, Phone: (979) 845-4711

  • Tuition full-time MBA for State Residents – $39,652 (includes tuition and fees)
  • Tuition full-time MBA Non-Residents – $52,416
  • Forbes Ranking – 30
  • US News Ranking – 37
  • Financial Times Ranking – 75
  • Economist Ranking – no position

source: a website

The University of Georgia (Terry)

Terry College of Business, 314 Correll Hall, 600 S Lumpkin Street, Athens, GA 30602, Phone: (706) 542-5671

  • Tuition full-time MBA for State Residents – $32,264
  • Tuition full-time MBA Non-Residents – $68,900
  • Forbes Ranking – 49
  • US News Ranking – 48
  • Financial Times Ranking – no position
  • Economist Ranking – 79

source: a website

Pennsylvania State University–University Park (Smeal)

Penn State Smeal MBA, 220 Business Building, University Park, PA 16802, Phone: (814) 863-0474

  • Tuition full-time MBA for State Residents – $47,416
  • Tuition full-time MBA Non-Residents – $76,136
  • Forbes Ranking – 26
  • US News Ranking – 41
  • Financial Times Ranking – 62
  • Economist Ranking – 71

source: a website

Georgia Institute of Technology (Scheller)

Georgia Institute of Technology, Scheller College of Business, 800 W Peachtree NW, Atlanta, GA 30308, Phone: (404) 894-2600

  • Tuition full-time MBA for State Residents – $57,792
  • Tuition full-time MBA Non-Residents – $78,968
  • Forbes Ranking – 35
  • US News Ranking – 27
  • Financial Times Ranking – 71
  • Economist Ranking – no position

source: a website

The University of Arizona (Eller)

The Eller MBA, McClelland Hall, Room 210, 1130 E Helen Street, Tucson, AZ 85721, Phone: (520) 621-4008

  • Tuition full-time MBA for State Residents – $44,052 (more fees apply)
  • Tuition full-time MBA Non-Residents – $75,696 (more fees apply)
  • Forbes Ranking – 57
  • US News Ranking – 48
  • Financial Times Ranking – no position
  • Economist Ranking – 89

source: a website

Arizona State University (Carey)

W. P. Carey School of Business, 300 E Lemon Street, Tempe, AZ 85287, Phone: (480) 965-4154

  • Tuition full-time MBA for State Residents – $54,000
  • Tuition full-time MBA Non-Residents – $87,000
  • Forbes Ranking – 60
  • US News Ranking – 27
  • Financial Times Ranking – 887
  • Economist Ranking – 45

source: a website

Temple University (Fox)

Temple University, Fox School of Business, 1801 Liacouras Walk, 701 Alter Hall (006-22), Philadelphia, PA 19122, Phone: (215) 204-5890

  • Tuition full-time MBA for State Residents – $54,918
  • Tuition full-time MBA Non-Residents – $78,354
  • Forbes Ranking – no position
  • US News Ranking – 48
  • Financial Times Ranking – no position
  • Economist Ranking – 77

source: a website

The University of Washington (Foster)

Foster School of Business, Mackenzie Hall 110, Seattle 98195, Phone: (206) 543-4661

  • Tuition full-time MBA for State Residents – $62,400
  • Tuition full-time MBA Non-Residents – $90.900
  • Forbes Ranking – 27
  • US News Ranking – 25
  • Financial Times Ranking – 58
  • Economist Ranking – 33

source: a website

Purdue University–West Lafayette (Krannert)

Krannert School of Management, 425 W State Street, West Lafayette, IN 47907, Phone: (765) 494-0773

  • Tuition full-time MBA for State Residents – $44,816
  • Tuition full-time MBA Non-Residents – $84,348
  • Forbes Ranking – 28
  • US News Ranking – 40
  • Financial Times Ranking – 56
  • Economist Ranking – no position

source: a website

Michigan State University (Broad)

Michigan State University, Eli Broad College of Business, Eppley Center, 645 N Shaw Lane, Rm 215, East Lansing, MI 48824, Phone: (517) 355-7604

  • Tuition full-time MBA for State Residents – $56,556
  • Tuition full-time MBA Non-Residents – $89,720
  • Forbes Ranking – 22
  • US News Ranking – 35
  • Financial Times Ranking – 52
  • Economist Ranking – no position

source: a website

Brigham Young University (Marriott)

BYU Marriott School of Business, W437 TNRB, Provo, UT 84602, Phone: (801) 422-3500

  • Tuition full-time MBA for State Residents – $45,120
  • Tuition full-time MBA Non-Residents – $88, 920
  • Forbes Ranking – 17
  • US News Ranking – 27
  • Financial Times Ranking – 93
  • Economist Ranking – no position

source: a website

Indiana University–Bloomington (Kelley)

Indiana University Bloomington, Kelly School of Business, 1275 E Tenth Street, Suite 2010, Bloomington, IN 47405,  Phone: (812) 855-8006

  • Tuition full-time MBA for State Residents – $51,000
  • Tuition full-time MBA Non-Residents – $88, 920
  • Forbes Ranking – 19
  • US News Ranking – 21
  • Financial Times Ranking – 47
  • Economist Ranking – 35

source: a website

Ohio State University (Fisher)

Fisher College of Business, 2100 Neil Avenue, Columbus, OH 43210, Phone: (614) 292-8511

  • Tuition full-time MBA for State Residents – $60,240
  • Tuition full-time MBA Non-Residents – $99,184
  • Forbes Ranking – 36
  • US News Ranking – 27
  • Financial Times Ranking – 70
  • Economist Ranking – 32

source: a website

The University of Texas–Austin (McCombs)

McCombs School of Business, 2110 Speedway, B6000, Austin, TX 78705, Phone: (512) 471-5921

  • Tuition full-time MBA for State Residents – $66,596
  • Tuition full-time MBA Non-Residents – $89,664
  • Forbes Ranking – 21
  • US News Ranking – 15
  • Financial Times Ranking – 39
  • Economist Ranking – 31

source: a website

The University of North Carolina–Chapel Hill (Kenan-Flagler)

UNC Kenan-Flagler Business School, McColl Building, Room 2114, Chapel Hill, NC 27599, Phone: (919) 962.3236

  • Tuition full-time MBA for State Residents – $86,284
  • Tuition full-time MBA Non-Residents – $118,528
  • Forbes Ranking – 11
  • US News Ranking – 19
  • Financial Times Ranking – 33
  • Economist Ranking – 36

source: a website

All costs are estimates and based on 2015/16. Please, check with schools for actual information.

It may be clear that not every hybrid or online MBA program could possibly offer the same quality, and not every traditional MBA program will be of the identical quality as well. But extensive research has shown that respected brick and mortar universities that have established entirely online MBA programs based on their traditional MBA’s, really offer top-of-the-line alternatives.
Online MBA programs have become extremely popular, and there is no need for hesitation to enroll in an MBA program merely because the program is offered online. You will find quite a few state universities now offering MBA programs entirely via the internet, and sometimes via a hybrid format (classes partly online and some in the classroom).

Online and hybrid MBA programs are very flexible and cost effective. You won’t find many adds for public state colleges’ online or hybrid MBA programs via internet forums. Web-based education is becoming more and more popular and you could easily find top-quality hybrid or online MBA programs at very affordable rates close to where you live, so just take a close look at the schools listed here, and check out if these programs are also available in an online format.

All costs are estimates, and though we tried to be as accurate as possible, we can not be held responsible or accountable for any errors in the text above. Please check with the listed institutions for actual offerings and prices as they may change without notice.