Best Online MBA Programs in 2022-23

Fortune Education is designed to be your guide to navigating this new, rich, and somewhat overwhelming world of education. April 2022 marks our second ranking of the Best Online MBA Programs, and a consecutive year of ranking more than 100 online master of business administration programs. We set out to find online MBA degree programs that both prepare distance learners for the business world and launch them into good career paths.

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1. University of North Carolina–Chapel Hill (Kenan-Flagler)

The University of North Carolina–Chapel Hill (Kenan-Flagler) requires a GMAT or GRE score for students with fewer than five years of work experience, however, the requirement can be waived in special circumstances. Incoming students had an average 674 GMAT score and a 3.24 undergraduate GPA. The acceptance rate into the public university’s online program was 57.9% last year. Kenan-Flagler currently enrolls 914 students in its online MBA program, and its one-year retention rate in 2021 was 87.4%. There are four application deadlines per year (one per quarter). Students must complete 62 credits to graduate.

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2. Indiana University–Bloomington (Kelley)

Indiana University–Bloomington (Kelley) requires either a GMAT or GRE score to be submitted with an application for its online MBA program, but waivers are available. Incoming students had an average GMAT score of 668 and a 3.41 undergraduate GPA. The acceptance rate into the public university’s online program was 35% last year. The school currently enrolls 1,738 online MBA students, and had a 98% retention rate in 2021. Prospective students need to apply by June 1 and must complete 54 credits to graduate.

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3. University of Florida (Hough)

At the University of Florida (Hough), no standardized test is required, but both GMAT and GRE scores are accepted. Two letters of recommendation are required and incoming online MBA students had an average undergraduate GPA of 3.34 and an average of nearly 7 years of work experience. The acceptance rate into the university’s online program was 45% last year, and the program had a retention rate of 92%.

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Best MBA Programs in 2022-23

MBAs are by far the most popular master’s degree in the U.S. and earning one can accelerate your career and pave the way to a high salary. Fortune Education wants to help you decipher the best of what the business school landscape has to offer. For the second year in a row, we ranked full-time MBA programs. In total, 76 schools are included in our 2022 Best MBA ranking.

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1. Harvard University

Harvard Business School applicants must submit either a GMAT or GRE score to be considered for admission. The school doesn’t have preference for one test over the other. On average, admitted HBS students accepted last year had a 730 GMAT score. In 2021, HBS reported an acceptance rate of 13%. TOEFL scores are required for international applicants. HBS offers two application deadlines each year and currently enrolls 1,609 full-time MBA students. Two letters of recommendation are needed to apply. The median base salary for graduating MBA students is $150,500.

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2. University of Chicago (Booth)

University of Chicago (Booth) MBA applicants must submit either a GMAT or GRE score to be considered for admission. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 732 and the average undergraduate GPA was 3.54. TOEFL scores are required for international applicants. The acceptance rate in 2021 was 23%. Booth MBA students earn a median salary of $155,000 after graduating.

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3. Northwestern University (Kellogg)

The Kellogg School of Management at Northwestern University requires that applicants submit either a GMAT or GRE score during the admissions process to its full-time MBA program. Incoming students at Kellogg last year had a 727 GMAT score, on average, and a 3.7 undergraduate GPA. Last year, 26% of applicants to Kellogg’s full-time MBA program were admitted. Two letters of recommendation must be submitted with an application. Kellogg currently enrolls 1,061 full-time MBA students. TOEFL scores are required for international applicants. The median base salary for Kellogg graduates is $150,000.

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Best Executive MBA Programs in 2022-23

If you are a mid-career professional looking for a track into the C-suite, an executive MBA program provides you with a robust network of highly-motivated, experienced peers to get you where you want to go. To help you pick the executive MBA program that’s the best fit for you, Fortune is launching the Best Executive MBA Programs of 2022-2023 list. This year, we ranked 55 business schools.

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1. Massachusetts Institute of Technology (Sloan)

Massachusetts Institute of Technology (Sloan) does not require applicants to its executive MBA program to submit a GMAT or GRE score. On average, incoming executive MBA students at MIT have 17 years of work experience. Applicants must be employed full-time and have a minimum of ten years of relevant work experience to qualify for admission. The final application deadline for the EMBA class of 2025 is May 4, 2023. 

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2. University of Chicago (Booth)

The University of Chicago (Booth) requires applicants to submit a score for one of three entrance exams: the Executive Assessment, the GMAT, or the GRE. Incoming students to Booth’s executive MBA program have an average of 13 years of work experience, with 7.5 years spent in management. The school’s EMBA program has a current enrollment of 609 students. Prospective students can apply during one of four rounds each year and must submit two letters of recommendation to be considered for admission. Booth determines international students’ English proficiency from the application and in-person interview.

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3. Yale University

Yale University’s School of Management requires executive MBA applicants to submit a GMAT, GRE, or Executive Assessment score to be considered for admission. On average, Yale executive MBA students have 14 years of work experience. There are three application rounds in November, January, and March, and students have to submit two letters of recommendation. International students don’t need to submit TOEFL scores to be considered for admission. In 2022, there were 68 students who graduated from Yale’s EMBA program.

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Best Part-Time MBA Programs in 2022-23

Fortune recently unveiled our second ranking of the best part-time MBA programs in the United States. These top part-time MBA degree programs not only offer top-notch curriculums and access to world-class business school professors, but they also have a track-record of seeing their alumni climb to the tops of the Fortune 500 world.

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1. University of Chicago (Booth)

The University of Chicago Booth School of Business requires part-time MBA applicants to submit an Executive Assessment, GMAT, or GRE score, and doesn’t have preference for a specific exam. Incoming part-time MBA students, on average, have a 680 GMAT score, a 3.4 undergraduate GPA, and more than six years of work experience. Candidates must submit two letters of recommendation with an application, and international students must submit either a TOEFL or IELTS score. During the 2021-2022 academic year, Booth enrolled more than 1,200 part-time MBA students. It offers two application rounds each year with deadlines in September and January.

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2. New York University (Stern)

Applicants to the part-time MBA program at New York University (Stern) are required to submit an EA, GMAT, or GRE score with their application. Incoming students had an average undergraduate GPA of 3.49 and 668 GMAT score. Applications are due by May 15, and one letter of recommendation is required. International students may need to submit a TOEFL, IELTS, or Duolingo English test score. 

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3. University of Michigan–Ann Arbor (Ross)

University of Michigan (Ross)’s weekend MBA program strongly encourages candidates to submit an EA, GMAT or GRE score. Test waivers are available to those who qualify and applicants may also elect to take a Quantitative Readiness Course in place of submitting test scores. The average age of a student in this program is 29 years old and the average work experience is 6.4 years. The estimated tuition for a non-Michigan resident is $150,000 for the 57-credit program.

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25 Most Affordable Online MBAs in 2022-23

Earning an MBA can yield great returns professionally and financially. Business school graduates regularly see six-figure salaries with opportunities for sign-on bonuses and promotions. But fronting the initial cost of the degree can be challenging, with the costs of some programs totaling tens of thousands—or even hundreds of thousands—of dollars. For those seeking more inexpensive ways to earn their MBA, Fortune has compiled a list of the 25 most affordable online MBA programs. This list was compiled using data provided by schools for our Best Online MBA Programs in 2022 list. For schools that provided the cost per credit instead of the annual or total tuition, we multiplied cost per credit by the number credit hours required to graduate from that program.

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1. Louisiana Tech University

Louisiana Tech University decides admissions based on an applicant’s academic history and test scores. GMAT scores are required, but some applicants can submit GRE scores. Applicants can receive unconditional admission if they have an undergraduate GPA of at least 2.75 and a GMAT score of at least 450. Applicants don’t have to submit letters of recommendation. Last year, Louisiana Tech admitted 78% of online MBA applicants to its program, which currently enrolls 141 students. To graduate from the program, online MBA students need to complete 30 credits.

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2. University of Texas of the Permian Basin

The University of Texas of the Permian Basin requires applicants to submit a GMAT or GRE score if an applicant’s undergraduate GPA is below 2.5. Applicants also need to submit two letters of recommendation to be considered. Incoming online MBA students, on average, had an undergraduate GPA of 3.5. Last year, the University of Texas of the Permian Basin accepted 82% of applicants. Students need to complete 30 credits to graduate.

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3. Southeast Missouri State University (Harrison)

Southeast Missouri State University (Harrison) requires applicants to submit a GMAT or GRE score for admission to its online MBA program, but offers waivers. To determine admission, the university uses a formula based on GMAT scores and GPA. Applicants don’t have to submit any letters of recommendation. Last year, the public university admitted 47% of applicants to its online MBA program. Applications to Southeast Missouri State University (Harrison)’s online MBA program are due August 1. The school currently enrolls 63 online MBA students. The program’s one-year retention rate is 76.2%. Online MBA students need 33 credits to graduate.

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Best Online Master’s in Business Analytics Programs in 2023

Fortune set out to identify the best online degree programs in 2023 for the next generation of business analysts, and the result was this ranking of the nation’s best online master’s degree programs in business analytics. These programs not only have world class professors and a top-notch curriculum, but they also attract some of the brightest students.

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1. Carnegie Mellon University (Tepper)

Applicants to Carnegie Mellon University’s online master of science in business analytics degree program are required to submit GMAT or GRE scores to be considered for admission, but waivers are available. In the 2021-2022 academic year, students accepted to this program had a 3.49 undergraduate GPA, on average, and the acceptance rate for the program was 66%. International applicants are required to submit TOEFL scores. Two letters of recommendation are required and the rolling application deadline for those matriculating in Fall 2023 is June 30, 2023.

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2. Texas A&M University

Texas A&M University applicants are required to submit GMAT or GRE scores to be considered for admission into its online master of science in business analytics program, but waivers are available. In the 2021-2022 academic year, students accepted to this program had a 3.51 undergraduate GPA, on average, and the acceptance rate for the program was 81%. International applicants are required to submit TOEFL scores. Two letters of recommendation are required and the application deadline for those matriculating in Fall 2023 is April 1, 2023.

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3. University of Texas–Dallas

Applicants to the University of Texas–Dallas’s online master of science in business analytics degree program aren’t required to submit GMAT or GRE scores to be considered for admission. In the 2021-2022 academic year, students accepted to this program had a 3.4 undergraduate GPA, on average, and the acceptance rate for the program was 52%. International applicants are required to submit TOEFL scores. Three letters of recommendation are required and the application deadline for those matriculating in Fall 2023 is May 1, 2023.

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