Online commerce Bachelor’s degrees are an excellent way to begin a career. Business is the most widely studied major in higher education. Online business degrees can lead to employment in the field. There are several advantages to earning your business degree online, including not having to relocate, being able to continue working, possibly having more scheduling flexibility, and possibly paying less overall for your program.
There are over eight million business and financial professionals in the United States. The vast majority work in financial management and executive management. The median annual salary for these employees in 2022 was $72,350. That sum is greater than the national average yearly wage for all occupations.
In 2022, the median income for a chief executive was $107,680, placing top executives among the highest earners. HR, sports management, and healthcare administration are among the specializations available in online business programs. Graduates can enter the workforce or start their own businesses.
How Much Does an Online Business Degree Cost?
A number of factors influence the cost of an online business bachelor’s degree. The majority of bachelor’s degree programs are 120 credit hours long. Tuition rates for the most affordable options on this list can range from $28,000 to $30,000. This is based on a per credit cost of $250 to about $250 for the most affordable options on this list.
In comparison, the average cost per credit for other online bachelor’s degree programs in business can reach $1,353, resulting in a total cost of $161,140 for the degree. Additional factors that influence per-credit costs include the type of school (public, private, or nonprofit), the degree format (online or in-person), and whether the student pays in-state or out-of-state tuition. These figures exclude graduation fees, other fees levied by most schools, books, supplies, and technology.
The Benefits of Getting a Business Degree Online
There’s a reason why business degrees continue to be in high demand among both undergraduates and recent graduates. The median annual wage for jobs in business and finance, according to the US Bureau of Labor Statistics (BLS), was $74,250, which was $50,000 higher than the median annual wage for all occupations.
MBA graduates’ earning potential can significantly increase. Students earned an average annual salary of $79,352 when they began their online MBA program, but according to a US News survey, graduates earned an average salary of $96,974 three months later.
A flexible format of traditional classes or the requirements of moving may be provided by an online business degree. It can be a useful way to learn for those who have other obligations, such as work or family. In reality, 91% of online MBA students work full-time while earning their degree.
- Online social networking.
Many students choose to attend a physical college or university because of the social opportunities it provides. However, as more online degree programs become available, they encourage communication through chat rooms, online conferences, and other means.
The various types of business degrees available online Associate
bachelor’s, and master’s degrees in business are all available online. Although a terminal degree in business, such as a Doctor of Business Administration (DBA) or a PhD in Business, can be obtained online, there are far fewer of these advanced courses available. As a result, we’ll concentrate on the three most popular online business degrees.
- Associate degree.
Before you can concentrate or specialize in business administration, you must first complete your general education requirements at the associate level. A typical associate’s degree requires at least 60 credits, at least 12 of which must be applied to your concentration or area of interest.
In your business concentration, you can expect to learn about the fundamentals of business as well as related topics such as marketing, accounting, human resources, and technology. With your associate degree, you can transfer into a bachelor’s degree program or pursue entry-level positions in the business world.
- Bachelor’s degree
You can earn a Bachelor of Science (BS) or a Bachelor of Arts (BA) degree in business administration internet by majoring or concentrating in one of several related business fields including such commerce stream, advertising, financial services, human capital, or finance. After completing your general education requirements, you can expect to devote one-third to one-half of your college credits, which typically make up the first two years of study, to your major.
As part of your business major, you should expect to learn about fundamental business concepts such as micro- and macroeconomics, organizational leadership, and marketing principles. With your degree, you can begin a variety of entry-level careers or enroll in an MBA program; however, it is important to note that many MBA candidates first work in the workforce.
- Master’s degree
Online learning can help you earn your Master of Science (MS) in Management. The Master of Business Administration (MBA), with concentrations in marketing, finance, and operations, is by far the most widely accepted master’s degree in business. The University of Illinois at Urbana-iMBA Champaign’s online MBA program is one of many that provide the same faculty, courses, and resources as traditional MBA programs.
In your master’s program, you can expect to take more difficult business courses that will deepen your understanding of topics such as global markets or corporate finance. Given that many people use the degree to pursue managerial and senior-level positions, you can expect a focus on leadership.
The Top Three Online Universities for Business Degrees
- Northeastern University
If you are an experienced business professional with the fundamental knowledge to hold your own in the field but want to improve your abilities, enrolling in business college is a wise decision. To gain knowledge equivalent to an MBA, you can enroll in Northeastern University’s online program.
You’ll be well-equipped to succeed in a global community if you have a top-ranked MBA. Employers worldwide are looking for professionals who can identify new opportunities, maintain growth, and improve performance. With the help of this online business degree program, you can do all of that and more.
- Ball State University
Ball State University comes highly recommended when looking for the best online business schools. There are undergraduate and graduate programs available. Students can choose between a bachelor’s degree in business administration and an MBA program. Each course is designed to fit your specific schedule while still providing a high-quality education. The business programs at Ball State consistently rank among the best in the country.
The classes are reasonably priced, and they provide the courses and flexibility you require. You get a lot for your money, and if you need money, there are resources available.
- Arizona State University
Arizona State University offers one of the top business colleges online. This school’s online business programs include Business Administration (BA), Business Communication (BA), Business Food Industry Management (BA), Business Global Leadership (BA), Global Logistics Management (BA), Retail Management (BA), Sustainability (BA), Tourism (BA), and Business Data Analytics (BS).
Each of these fields of study is designed to provide students with the greatest amount of flexibility, allowing them to complete their coursework at a pace that suits them and their specific needs. Throughout the year, there are several start dates for online programs, and the application process is straightforward.
This online degree program will help you find a rewarding and well-paying job. You might want to begin your studies at one of these top three universities. If this university is not a good fit for you, you have other options.