2018 Fastest Growing MBA Programs

2018 Fastest Growing MBA Programs

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2018 Fastest Growing MBA Programs

In life, there are winners and losers. When it comes to popular master’s degrees, the same is true. For twenty years, the MBA has been the degree of choice for ladder-climbing and glass-ceiling breaking professionals. More MBA’s are granted every year than any other master’s degree, by a large margin.  Have all MBA programs experienced strong growth in the number of graduates over time? Which are the fastest growing MBA programs, and why are they growing?

The chart above shows MBA graduate numbers using the most recent data available from the National Center for Education Statistics. These top performing universities have experienced significant growth over the past five years (2012 to 2016), growing 15% or more, on average each year.

Four MBA Programs Stand Out From The Rest

Among MBA programs that granted more than 600 degrees in 2016, there are four that stand out in terms of growth in the number of graduates: American Public University, Liberty University, Southern New Hampshire University, and Western Governors University.  These programs were also the top growth performers in 2015. The MBA programs at these universities experienced the fastest average annual growth from 2012 to 2016 among all universities reporting MBA graduates these years.

The top growth performer in 2016 is Southern New Hampshire University’s MBA, which  grew 59% on average each year from 2012 to 2016. Last year, Western Governor’s program was the top performer, with a 69% average annual growth rate from 2011 to 2015.

The table below shows the growth rate for MBA programs that granted more than 600 degrees in 2016, and had an average annual growth rate higher than 4% from 2012 to 2016:

Growing Online MBA Programs
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In the table, there are an additional five MBA programs that also show positive MBA graduation growth over the past five years. These growing MBA programs are at UNC Chapel Hill, UT Austin, Grand Canyon, Cornell, and Saint Leo. The five year trends for these programs also indicate consistent growth.

Why is this important? When a degree program enjoys sustained growth, particularly in a category that is highly crowded with competitors, it’s safe to assume that they are doing something right.  Prospective students are taking notice.

These MBA Programs Know What Matters Most

Southern New Hampshire University’s and Western Governors University’s MBA programs experienced the fastest average growth per year from 2012 to 2016 (59% and 49%, respectively).  Here are the details of their programs:

Southern New Hampshire University is a private, not-for-profit, institution with:

  • 100% online program; no GMAT requirement
  • total tuition is $22,572 (no increase in 2017)
  • students may choose from over twenty concentrations
  • professionally accredited by ACBSP
  • students that do not have an undergraduate degree in business will need to complete five foundation courses prior to beginning the program (which adds an additional 15 credits to the 36 credit program)
  • complete details are found at: http://www.snhu.edu/online-degrees/masters/mba-online

Western Governors University is a private, not-for-profit, institution located in Utah.  Their MBA program is:

  • 100% online; no GMAT requirement
  • general track takes 34 credits to complete (may complete courses at your own pace – pay set fee per semester)
  • offer concentrations in Leadership, Health Care Administration, and Information Technology Management
  • concentrations add an additional 2 credits to the overall program requirements.
  • students who complete their degree in two years can expect to pay approximately $15,000 for their degree
  • uses a competency-based learning approach that allows students to use their existing skills and knowledge to accelerate their degree program
  • see their website for complete details: http://www.wgu.edu/business/master_business_administration_degree#

Additional fast-growing MBA programs (>14% average annual growth)

Liberty University is a private, not-for-profit, institution located in in Virginia. The program is:

  • 100% online; no GMAT
  • total tuition is $27,675
  • concentrations in Accounting, Criminal Justice Administration, Finance, Healthcare Administration, Human Resource Management, International Business, Leadership, Management, Marketing, Project Management, Public Administration, Public Relations, Supply Chain Management, and more
  • professionally accredited by ACBSP

American Public University is also a private, for-profit, institution.  It is located in West Virginia. Their MBA program is:

  • 100% online; no GMAT
  • concentrations in: Accounting, Finance, Business Analytics, Marketing, Health Care Administration, Public Administration, Information Technology Management, Sports Management, International Business
  • and they offer two very unique concentrations in Government Contracting and Acquisition, and Homeland Security Resource Allocation
  • total tuition is $13,650 (no increase in 2017)
  • professionally accredited by ACBSP
  • students that do not have an undergraduate degree in business must complete three prerequisite courses prior to beginning the program

Why Are The Fastest Growing MBA Programs Growing So Quickly?

Common characteristics across the four fastest growing MBA programs include:

  • 100% online
  • job-relevant concentrations
  • no standardized test requirement (no GMAT) for admission
  • low tuition (under $30K)

Do Your Homework

If you are looking at online MBAs or other professional master’s degrees online, get the details on programs (like what you see above) through OnlineDegreeDatabase.com.  We collect information directly from university program websites. We save you potentially hundreds of hours of effort and provide you with the information you need to make the best decision possible quickly and easily.

Use our Decision Guide to determine what’s most important to you about an online master’s program. If you are looking for programs that have any of these characteristics:

  • low cost degree online programs
  • online programs in your local area
  • only professionally accredited online programs
  • 100% online programs
  • no GMAT / GRE score required online program, or
  • accelerated online programs that allow you to finish your degree quickly…

then, the easy-to-use tools at onlinedegreedatabase.com help you find the online programs that meet your needs.  Use them to create your own, personalized, short-list to begin your final shopping. Then use our 10 Question Guide to speak to enrollment advisors at programs on your short list to get the answers you need to make your final, best, choice.

Save hours, even weeks, of time during your search. And be sure that you’ve looked at the universe of available programs to get to the best ones for you.

Universities, work with the Online Degree Database directly to access unique and relevant intelligence about the online degree market. Contact us at michelle@onlinedegreedatabase.com for more information.

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