The average salary of an online MBA student three years after graduating is $132,119.
And because online MBA programs cost business schools less to run, and students often remain in full-time employment, the fees and opportunity cost tend to be lower than on campus-based courses.
The estimated average total tuition a student will pay on the top-20 ranked online MBAs is $59,000, according to BusinessBecause calculations.
Each year, the Financial Times releases a ranking of the world’s best business schools for studying an online MBA.
The FT’s Online MBA Ranking 2017 is based on surveys of business schools and their alumni who graduated from online MBA programs in 2013.
It places business schools according to the career progression of alumni, the quality of online learning, and diversity of students and faculty, among other measures.
We’ve taken that ranking and listed schools based on value for money, which implies the best return on investment.
Check out the top 16 schools below offering the greatest return on investment.
14. Indiana University: Kelley (#7 Overall)
Average Salaries: $133,273
Time To Complete (Average): 3 years
Tuition: $66,300*
13. University of Florida: Hough (#5)
Average Salaries: $124,449
Time To Complete: 2 years
Tuition: $58,000
12. North Carolina State University: Jenkins (#18)
Average Salaries: $107,730
Time To Complete: 2.5 years
Tuition: $66,995
11. Florida International University: Chapman (#16)
Average Salaries: $95,890
Time To Complete: 1.5 years
Tuition: $42,000
10. IE Business School (#1)
Average Salaries: $191,216
Time To Complete: 1.5 years
Tuition: €47,200
9. EuroMBA (#12)
Average Salaries: $131,281
Time To Complete: 2.5 years
Tuition: €28,500
8. Colorado State University College of Business (#19)
Average Salaries: $127,395
Time To Complete: 3 years
Tuition: $40,368
7. Centrum Católica (#17)
Average Salaries: $106,658
Time To Complete: 3 years
Tuition: S/.68,100 ($20,762)
6. AGSM at UNSW Business School (#4)
Average Salaries: $123,542
Time To Complete: 4 years
Tuition: AUD$54,720
5. University of Massachusetts Amherst: Isenberg (#)
Average Salaries: $159,345
Time To Complete: 3 years
Tuition: $32,175
4. Warwick Business School (#2)
Average Salaries: $169,419
Time To Complete: 3.9 years
Tuition: £30,000
3. Durham University Business School (#9)
Average Salaries: $126,612
Time To Complete: 3.8 years
Tuition: £31,790*
2. University of Bradford School of Management (#14)
Average Salaries: $107,900
Time To Complete: 3.5 years
Tuition: £17,000*
1. University of Nebraska-Lincoln (#15)
Average Salaries: $110,154
Time To Complete: 3.25 years
Tuition: $28,800*
*Indicates Estimate
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