Cheap and Affordable MBA in 2024 Updated

Written by Jobs On You

In 2024, earning an MBA will be different! It was once extremely pricey and reserved for high society, but that is no longer the case. These days, attending the top business schools doesn’t have to break the bank. Imagine not having to worry too much about finances and attending a prestigious school with amazing professors and fun classes.

It’s not just about cutting costs; it’s also about ensuring that you receive a top-notch education that will benefit your career. It’s not too expensive, and it’s like starting a new chapter where you can learn a lot. Nice, huh?

Why Study MBA in the USA?

The business schools in the United States are renowned for their exceptional quality. After completing your MBA, these schools offer excellent facilities, knowledgeable faculty, and good opportunities for employment. Here are a few straightforward explanations for why pursuing an MBA in the US makes sense:

1. Learn by Doing: You don’t just read books in American business schools. You also participate in training courses and internships. This enables you to pick up knowledge from professionals and prepare for obstacles in the real world.

2. Find Great Jobs: The United States is home to numerous significant corporations, such as those listed on the Fortune 500 list. This indicates that you have a strong chance of landing a position with a reputable business. You frequently need to be a leader and make crucial decisions in your jobs.

3. Lots of MBA Graduates: Many people from around the world come to the U.S. to do their MBA. It’s the biggest place for MBA students, with over 125,000 people finishing their MBA every year. So, if you want to do an MBA, the United States is a popular and smart choice.

Cost of Studying MBA in the USA

The university and lifestyle you select will determine the overall cost of earning an MBA in the United States. Tuition and living expenses make up the two main categories of this cost.

Indian students usually spend about $65,000 (INR 54,20,000) a year on tuition. This pays for the MBA program’s tuition and other associated educational costs.

Furthermore, the estimated annual living expenses come to $19,700 (INR 16,42,000). These costs cover lodging, food, travel, and other expenses related to daily living.

10 Most Affordable Universities in the USA for MBA

The top ten universities in the USA offering MBA programs at the lowest cost are listed below:

  • South Dakota University
  • Cameron College
  • Missouri State University in the Southeast
  • University of Central Michigan
  • University of Worcester State
  • University of Minnesota
  • Buffalo University
  • University of San Francisco
  • University of Missouri
  • Tampa University

Visit the next page to learn about affordable American business schools for overseas students.

Northeastern State University

The MBA program at Northeastern State University (NSU) includes advanced coursework in business analytics, finance, economics, accounting, and management. For those looking for an inexpensive MBA program, the school presents a strong argument for being among the most cost-effective options.

LocationTahlequah, Oklahoma
AccreditationAccreditation Council for Business Schools and Programs (ACBSP)
Total Credits36
Concentrations– Business Analytics
– Native American Enterprises
– General Management
– Environmental Health and Safety Management
– Healthcare Informatics
– Long-Term Care
– Accounting and Finance
– Healthcare Administration


 Georgia Southwestern State University

Georgia Southwestern State University provides education by blending the expertise of world-class faculty with practical community experience. Students gain knowledge about market ethics, values, and the influence of multicultural factors.

GSW provides a unique and enriching educational experience, with a focus on fostering student success and personal growth. With its rich history and commitment to academic excellence, Georgia Southwestern State University continues to be a sought-after institution for students seeking a quality education.

LocationAmericus, Georgia
AccreditationAACSB International
Total Credits30
ConcentrationsGeneral Business

 Fitchburg State University

The Master of Business Administration (MBA) in Management program offered online by Fitchburg State University is accredited and created to give students the tools they need to assume leadership roles in a variety of business domains. The program is a desirable choice for individuals wishing to progress in their careers because of its emphasis on participatory learning and affordability.

LocationFitchburg, Massachusetts
AccreditationInternational Accreditation Council for Business Education (IACBE)
Total Credits30
Concentrations– Accounting
– Healthcare Management
– Human Resources Management
– Management
– Marketing
– Supply Chain Management


Eastern New Mexico University

A Master of Business Administration (MBA) is one of the many online graduate programs offered by Eastern New Mexico University (ENMU). The Accreditation Council for Business Schools and Programs (ACBSP) has accredited the MBA program, which is designed to be flexible, affordable, and of high quality. It requires study in all of the key functional areas of business and places a strong emphasis on the development of managerial generalists.

LocationPortales, New Mexico
Total Credits30
ConcentrationsGeneral Business


Missouri State University

The Missouri State University (MSU) College of Business’s Master of Business Administration (MBA) program is designed to meet changing business needs. Applications are accepted on a continuous basis for the program; however, early application is advised because seats fill up quickly.

LocationSpringfield, Missouri
AccreditationAACSB International
Total Credits33
ConcentrationsGeneral Business

University of the Cumberlands

The University of the Cumberlands provides an MBA program specifically designed for busy professionals and students managing work and family responsibilities. The program’s flexibility is enriched by various concentrations, offering students the opportunity to tailor their degrees to their individual preferences.

LocationWilliamsburg, Kentucky
Total Credits37
Concentrations– Accounting
– Project Management
– Strategic Management
– Entrepreneurship
– Healthcare Administration
– Marketing

Sam Houston State University has ranked Sam Houston State University’s (SHSU) online Master of Business Administration (MBA) program as the best in Texas. The program is flexible and reasonably priced, and it has been accredited by the Accreditation Council for Business Schools and Programs (ACBSP). The program can be finished fully online and costs $320 per credit hour in tuition.

LocationHuntsville, Texas
AccreditationAACSB International
Total Credits36
ConcentrationsGeneral Business

University of Central Arkansas

An online Master of Business Administration (MBA) program is available from the University of Central Arkansas (UCA), with the goal of giving students a faster route to career advancement and career entry. The Higher Learning Commission and the Association to Advance Collegiate Schools of Business (AACSB) have granted the program accreditation.

LocationConway, Arkansas
AccreditationAACSB International
Total Credits30
Concentrations– Health Care Administration
– Information Management
– Finance

Texas Tech University

Texas Tech University offers an Online Master of Business Administration (MBA) program through its Rawls College of Business. The program is 100% online and can be completed in as quickly as one year. Students are required to complete 42 credit hours to earn their MBA and can choose from several concentrations, such as Marketing, Health Care Administration, and Information Technology.

LocationLubbock, Texas
AccreditationAACSB International
Total Credits30
Concentrations– Healthcare Organization Management
– Information Technology
– Marketing Analytics

Southeastern Oklahoma State University

Through its John Massey School of Business, Southeastern Oklahoma State University (SOSU) provides an online Master of Business Administration (MBA) program. The program is ranked #16 among the best reasonably priced AACSB online MBA programs and is accredited by the Association to Advance Collegiate Schools of Business (AACSB).

The goal of the MBA program is to prepare students for a variety of leadership positions by giving them a thorough understanding of business concepts and strategies.

LocationDurant, Oklahoma
AccreditationAACSB International
Total Credits36
Concentrations– General Business
– Women in Leadership
– Accounting
– Aerospace Logistics
– Data Analytics
– Entrepreneurship
– Finance
– Health Care Information Systems
– Human Resources
– Management
– Marketing
– Native American Leadership
– Project Management
– Safety
– Strategic Communication

In 2024, the MBA education landscape will shift, placing a greater emphasis on affordability and accessibility. The days of elite business schools being inaccessible due to high tuition costs are long gone. The “Cheap and Affordable MBA” represents a calculated investment in both professional and personal development, not merely a cost-cutting tactic.

This change makes it possible for students to receive a top-notch education without worrying about their budget. These days, earning an MBA is a financially sensible decision that can empower people who want to advance in their careers and get a good return on their investment.

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