NOTE: Tuition data was compiled in April 2013. With business backgrounds and without, professionals from virtually every industry enroll in business schools to earn Master of Business Administration degrees that will give them an all-encompassing understanding of the many aspects of running a company. By helping them expand both their skill sets and their lists of contacts, the top online MBA schools equip students to advance within their current organizations, launch new careers in different industries, or go into business for themselves as entrepreneurs and startup CEOs. In addition, earning an online MBA gives graduates more potential to command higher salaries. According to industry analyst Payscale.com, MBA holders earn up to 32% more than bachelor's degree holders for the same jobs.
It is possible to earn a general business MBA online, or students may choose to specialize in areas including entrepreneurship, human resources, finance, global management, healthcare, information technology, marketing, and sports administration. Such specializations prepare professionals for roles like marketing director, chief financial officer, senior HR manager, and more. To ensure that they receive the best education possible, students should give preference to programs accredited by organizations like the Association to Advance Collegiate Schools of Business, which evaluates schools and business programs for the quality of their curricula, facilities, and faculty.