Although Massachusetts is the seventh-smallest state in the U.S., it has the fifteenth-largest population with approximately 6.8 million residents. More than 80% of residents live in the metropolitan area surrounding Boston, the state’s capital. In February 2017, U.S. News & World Report ranked Massachusetts as the top state in the U.S., citing the quality of its healthcare, economy, and education opportunities.

With five campuses, the University of Massachusetts is the state’s largest university system. Several top-rated private colleges are located in Massachusetts, including world-renowned institutions Harvard University and MIT. The state’s large number of respected colleges means a variety of options for students enrolling in online MBA programs in Massachusetts.

Ideal for students pursuing an online MBA, Massachusetts’ variety of accredited programs vary significantly in size and tuition cost. Many of these programs are in Boston, which has a higher cost of living than other areas of Massachusetts, but several schools are located in cities such as Springfield, Amherst, and Dartmouth. Although tuition for online MBA programs is often the same as for on-campus programs, online students often save on housing, transportation, and childcare, while taking advantage of flexible scheduling that allows graduate students to work full-time jobs. In-state tuition rates for Massachusetts residents typically apply to online and hybrid programs.

Massachusetts online MBA programs typically require 30 to 50 credit hours completed over 16 to 24 months. Some schools offer multiple MBA concentrations, and most programs can be completed entirely online. However, certain programs require a limited number of campus visits. Check the residency requirements of any program you consider and determine whether the schedule fits your lifestyle. Some online MBA programs in Massachusetts require applicants to submit GMAT or GRE scores, but many schools will accept alternative proof of academic preparedness.

Percentage of Students Enrolled by Distance Education
Percentage of students enrolled at Title IV institutions in Massachusetts, by distance education enrollment status, Fall 2012

MBA Concentrations for Massachusetts Students

Some schools offer concentrations, which give graduates an advantage when seeking employment. Certain concentrations are especially valuable to students earning their online MBA in Massachusetts. Finance, healthcare, higher education, and retail are the largest industries in the state, so concentrations in finance and marketing are among the most useful for job seekers in Massachusetts.

 

  • Finance: A concentration in finance prepares students for management roles in finance companies or other corporations. Graduates become chief financial officers and deal with corporate finance, investment banking, and portfolio management.
  • Marketing: Students study brand management, advertising, and consumer data analysis. Marketing is a valuable skill in every industry, and a marketing MBA prepares students for corporate roles, such as marketing director.

Accreditation in Massachusetts

The best online MBA programs in Massachusetts are accredited, which ensures the programs meet certain standards and will hold value for potential employers. Earning an MBA from an accredited online program gives graduates an edge in the competitive job market and creates opportunities for advancement.

In Massachusetts, regional accreditation is granted by the New England Association of Schools and Colleges. Regional accreditation is the most reputable type and is awarded to public and private nonprofit universities. National accreditation, on the other hand, is generally applied to for-profit institutions, such as trade schools, and is not as valuable as regional accreditation.

Massachusetts’ thriving economy is fueled by several sectors. As of 2015, the healthcare and social assistance industry employed the most Massachusetts residents. With so many colleges and universities in the state, higher education is another major employer, as is the information technology industry, including companies such as Oracle and Dell. General Electric recently moved its headquarters from Connecticut to Boston, making GE the highest-ranked Fortune 500 company in Massachusetts. The hospitality and tourism industry is consistently robust, thanks in part to Boston’s historical significance and its position along the Atlantic coast.

In 2016, the professional and business services industry was the largest contributor to Massachusetts’ gross domestic product and is projected to continue growing over the next decade. The unemployment rate in Massachusetts is below the national average, and the state’s per capita personal income ranked second in the U.S. in 2016.

Top Employers in Massachusetts

Company Industry Headquarters City Number of Employees
General Electric Multinational conglomerate Boston 295,000 worldwide
TJX Companies Department stores Framingham 235,000 worldwide

The employment outlook in Massachusetts is good, but it is even better for professionals with an MBA. An advanced degree provides a competitive edge when applying for management positions and creates opportunities to for career advancement and higher earning potential.

Earning an MBA maximizes a professional’s employability and earning potential. Advanced academic credentials demonstrate a commitment to improving knowledge and skills and becoming a valuable asset to a company. The discipline and self-motivation required to earn an MBA are necessary for positions of responsibility. For professionals who aspire to management roles in Massachusetts, online MBA programs offer a path to higher positions with increased salaries.

Average Salary by Degree
Search Programs by Concentration

Careers for MBAs in Massachusetts

Medical and Health Services Managers

These managers direct medical and health services for organizations such as hospitals, clinics, managed care companies, and public health agencies. Massachusetts has the highest concentration of medical and health services manager positions in the nation, for which the state median wage is $121,260.

Marketing Managers

Marketing managers oversee the creation and execution of marketing strategies, often leading a team responsible for promoting an organization’s goods and services. Virtually every type of company requires marketing, and MBA holders are often preferred for this role. Massachusetts ranks fourth in the nation for employment of marketing managers, and the state median salary for this position is $142,040.

Personal Financial Advisor

Personal financial advisors assess clients’ financial positions and provide strategic advice on topics such as investments, taxes, and real estate. Employers prefer advisors who hold MBAs or certifications. Massachusetts’ employment concentration of personal financial advisors ranks fifth in the nation, and the state median wage is $102,580.

Accountant/Auditor

Accountants and auditors analyze accounting records and use the data to prepare financial statements, provide financial advice, and verify documents. A position as an accountant or auditor can be a stepping stone toward becoming a chief financial officer. The Boston-Cambridge-Newton metro area has the nation’s eighth-highest employment level for these positions, and the local median wage is $85,250.

Chief Financial Officer (CFO)

Chief financial officers are responsible for an organization’s financial strategy and recordkeeping. They manage financial risks and report on the organization’s financial position. As a center for the state’s business activity, Boston companies employ the most CFOs in Massachusetts. The median salary for CFPs in Boston is $165,790.

Below is a list of the top online MBAs in Massachusetts. Each school on this list is accredited, so every program meets standards of quality that potential employers will recognize. This list is the ideal place to begin researching Massachusetts’ online MBA programs to find the best fit for your academic and professional goals.

Rank School Location Cost Toggle Logo Tuition % Receiving Financial Aid Student Population School Type Description

Babson College

Location Wellesley, MA Tuition Tuition $87,025 % Receiving Financial Aid 37% Student Population 3,057 School Type Private

Babson College's business school enjoys worldwide recognition for its top-notch curriculum and highly ranked programs. Designed for working professionals, the blended MBA program offers face-to-face classes, online learning, and collaborative opportunities. Students develop management, team building, and leadership skills in a tight-knit cohort. They acquire competencies in a variety of business areas, such as financial reporting, entrepreneurship and opportunity, and talent management.

During a 3.5-day intensive workshop, faculty prepare students for disruptive change in the business world with study of areas such as design thinking, sustainability, and innovation. In addition to a suite of electives, learners may choose from an array of learning opportunities, such as electives abroad and management consulting field experience projects. Faculty conveniently schedule face-to-face classes Friday to Saturday every seven weeks.

Students begin the online MBA in Massachusetts in either March or October and complete the degree part time in 21 months. Admission requires school transcripts, business experience, and the GMAT or GRE for some students.


Concentrations
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Bay Path University

Location Longmeadow, MA Tuition Tuition $29,340 % Receiving Financial Aid 91% Student Population 3,107 School Type Private

Established in 1897, Bay Path offers an innovative learning environment with women-only undergraduate programs and co-ed graduate degrees. The school offers an MBA program that accommodates the needs of working professionals and fosters innovation, creativity, and entrepreneurship.

Bay Path's 36-credit MBA in entrepreneurial thinking and innovative practices gives learners with business and nonbusiness backgrounds a strong business management foundation. The curriculum blends traditional business theory with real-world application. Students study topics such as organizational behavior and leadership, entrepreneurial finance, and high-performance leadership strategies.

Students can complete the online MBA in Massachusetts in a fully online or blended format. The program offers part-time and full-time enrollment options, and students complete the degree in one or two years. Online students pay no out-of-state tuition. Admission requires a minimum 3.0 GPA and no GRE or GMAT.


Concentrations
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Berklee College of Music

Location Boston, MA Tuition Tuition $22,572 % Receiving Financial Aid 39% Student Population 5,289 School Type Private

A partnership between Berklee College of Music and Southern New Hampshire University provides learners with an online MBA geared specifically for the music industry. Students take the program fully online, completing the degree at their own pace in as few as 15 months.

Aspirant music industry professionals acquire a broad base of business skills through nine SNHU courses in areas such as finance and accounting. Four courses from Berklee Online focus on the knowledge and skills learners need for the music industry. These courses include study of music business strategy, music promotion and marketing, and ethical music business leadership. The degree, one of the best online MBAs in Massachusetts, prepares graduates for a variety of careers, such as music publisher, record label employee, and booking agent. Admission requires an audition, interview, and school transcripts.


Concentrations
  • Music Business
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Endicott College

Location Beverly, MA Tuition Tuition $31,454 % Receiving Financial Aid 63% Student Population 4,695 School Type Private

Endicott College provides a suite of graduate programs designed with the working professional in mind. The business school offers one of the best online MBAs in Massachusetts for flexibility and breadth of curriculum. The core of the customizable, 42-credit online MBA prepares learners with advanced business skills in managerial economics, operations management, and business policy and strategy.

The program offers 14 concentrations, including relatively unique options such as maritime economics, IT management, and health informatics. Learners may choose up to two concentrations to expand their knowledge base. Those interested in hands-on experience may secure internship opportunities through the Internship and Career Center. Students learn from faculty with real-world business experience and complete the degree online in as few as 18 months. Online students pay affordable tuition, with no distinction for learners who live out of state. Endicott provides transitional services to help military students succeed. Admission requires no GMAT.


Concentrations
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Fisher College

Location Boston, MA Tuition Tuition $33,312 % Receiving Financial Aid 79% Student Population 1,959 School Type Private

The online MBA program at Fisher College integrates theoretical knowledge and hands-on application throughout the curriculum. The 41-credit Massachusetts MBA online focuses on strategic leadership as learners acquire, develop, and apply the knowledge and skills used by today's successful business professionals.

The core includes study of leading organizational change, financial reporting and statement analysis, and global economics and managerial decision-making. In addition, learners may use three electives to add a focus in accounting or sports administration. The program's small student teams use experiential learning to solve current problems. A capstone allows them to demonstrate expertise in chosen areas of focus. Students learn from faculty with significant expertise in the business sector. Faculty deliver the course in three, 12-week terms and one summer session lasting eight weeks. Admission requires a minimum 2.75 GPA and an optional GMAT.


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Fitchburg State University

Location Fitchburg, MA Tuition Tuition $12,510 % Receiving Financial Aid 71% Student Population 6,598 School Type Public

Founded in 1894, Fitchburg State University offers various programs with a strong liberal arts and sciences focus -- many available to distance learners. The school's online MBA requires 30 credits and offers three areas of focus: accounting, management, and human resources management. All three programs share a core in which learners study subjects such as accounting theory, strategic management, and organizational behavior and development.

Students use nine credits to complete their chosen area of concentration. As learners complete the degree, they participate in class discussions and collaborative learning groups. Students can complete the MBA in any concentration in as few as 12 months and pay no out-of-state tuition. With a relatively low tuition rate, the MBA remains one of the most affordable online MBAs in Massachusetts. A 2018-2019 Military Friendly School, Fitchburg State provides military personnel with comprehensive support services. Admission requires a minimum 2.8 GPA and no GMAT.


Concentrations
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Lasell College

Location Newton, MA Tuition Tuition $21,600 % Receiving Financial Aid 84% Student Population 2,160 School Type Private

Located eight miles from Boston, Lasell College offers graduate and professional programs with flexible schedules and support services that working professionals access remotely. The 36-credit online MBA offers a fully online curriculum learners complete in 12-24 months. Students acquire a variety of advanced business skills in areas such as organizational development, quantitative analysis for decision-making, and financial analysis for managers.

A notable course on entrepreneurship strategies gives learners insight into why some entrepreneurial firms succeed and others do not. Two courses focus on international business and emphasize global strategy and the distribution and sale of products and services. The online MBA in Massachusetts offers six start terms throughout the year. Lasell highlights the program's affordability, with tuition standing at less than $30,000. Admission requires prerequisite courses in microeconomics and statistics, at least two years of professional work experience, and no GRE or GMAT.


Concentrations
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University of Massachusetts - Lowell

Location Lowell, MA Tuition Tuition $17,250 % Receiving Financial Aid 57% Student Population 18,047 School Type Public

The University of Massachusetts - Lowell houses one of the largest virtual colleges in New England. The school's 30- to 42-credit online MBA offers customization with eight concentrations and part-time, flexible learning options. Students begin the program with a 12-credit foundation not required of learners with a business education. Through the required MBA core, learners acquire in-demand skills in a variety of business functions such as corporate finance, customers and markets, and operations management.

With nine credits, learners complete a concentration in areas such as accounting, managerial leadership, and international business. All students learn how to think critically, make ethical decisions, and solve problems through the application of knowledge in case studies and real-world projects. Students choose a fully online or hybrid format and pay no out-of-state tuition in the online MBA in Massachusetts. Admission requires school transcripts and the GMAT or GRE; standardized test waivers are available for applicants with proof of more than eight years of professional or managerial experience.


Concentrations
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University of Massachusetts - Amherst

Location Amherst, MA Tuition Tuition $35,100 % Receiving Financial Aid 60% Student Population 29,269 School Type Public

The state's flagship campus, the University of Massachusetts - Amherst stands as New England's largest public research college. Perfecting distance learning for more than a decade, UMass-Amherst prepares graduates with a fully online and part-time hybrid MBA. The degree offers a highly customizable curriculum with six specialization areas, including business analytics, entrepreneurship, and sports management.

Learners in the blended program supplement virtual learning with courses at the school's satellite campus in Boston, Springfield, or Shrewsbury. Notable aspects of completing an MBA at UMass-Amherst include access to student networks such as Net Impact and MBA Women International, which both foster leadership development, professional growth, and career opportunities. The cost of the fully online and part-time MBA stays the same regardless of residency. Students may complete up to two MBA classes before applying. Admission to the UMass-Amherst MBA online requires school transcripts and the GMAT or GRE.


Concentrations
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Northeastern University

Location Boston, MA Tuition Tuition $78,000 % Receiving Financial Aid 44% Student Population 19,940 School Type Private

Northeastern University is one of the first colleges in the U.S. to offer a top-tier online MBA. NU's online MBA builds learners' business intelligence to position them for leadership roles through a 50-credit curriculum that offers a business core and electives. Students use electives to complete one of eight in-demand concentrations, including healthcare management, innovation entrepreneurship, and high technology management.

Students acquire new perspectives and understand business from an international context through participation in domestic and international residencies. They put their knowledge to the test by applying theoretical learning to real-world challenges. Those interested in earning a dual degree -- the MS in finance and MBA -- can also do so online. Through NU's alumni network of 235,000, MBA students forge invaluable connections that can positively impact their employment prospects. Students complete the online MBA in Massachusetts in two years. Admission requires no GRE or GMAT.


Concentrations
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Simmons College

Location Boston, MA Tuition Tuition $58,800 % Receiving Financial Aid 72% Student Population 5,662 School Type Private

Located in the center of Boston, Simmons College promotes women's leadership development through on-campus, virtual, and executive training programs. The [email protected] emphasizes women's leadership and diversity with a practice-based curriculum that prepares professionals able to lead in a global business environment. The 48-credit curriculum includes study of financial reporting and analysis, economic analysis, leading high-performing teams, and negotiation and conflict management. Students also sharpen their decision-making and analytical thinking skills.

Students attend live weekly classes online and participate in interactive group work to facilitate relationship building and cooperative learning between peers and faculty. By taking two classes per term, learners complete the Massachusetts MBA online in two years. Simmons' 50,000 alumni network gives learners access to alumni dedicated to advancing women in leadership. Both men and women enroll in the program. Learners benefit from personalized career support available in-person and online. Admission requires an "exceptional" academic history and optional GRE or GMAT scores.


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University of Massachusetts - Dartmouth

Location North Dartmouth, MA Tuition Tuition $57,420 % Receiving Financial Aid 72% Student Population 8,916 School Type Public

The University of Massachusetts - Dartmouth offers an affordable UMass education learners complete fully online in various disciplines. The online MBA enrolls learners with or without a business education. The program requires between 30 and 39 credits depending on whether students need to complete three foundational courses. The required MBA core includes study of advanced operational analysis, finance for decision-making, and strategic management. Students use elective credits to pursue areas of interest, such as international financial management and digital economy and commerce.

By taking two classes a term with no foundational courses, learners complete the degree in five semesters. Student without an undergraduate business degree must take the foundational courses. Faculty keep classes small to ensure personalized learning in this Massachusetts MBA online. Students in need of academic assistance receive free in-person and online tutoring. A 2018-2019 Military Friendly School, UMass Dartmouth actively recruits students with military experience. Admission requires school transcripts and GMAT scores.


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Suffolk University

Location Boston, MA Tuition Tuition $48,416 % Receiving Financial Aid 58% Student Population 7,922 School Type Private

Established in 1906 to create opportunities for all, Suffolk University uses virtual programs to further extend reach to working professionals. The college offers the Suffolk MBA Online, a rigorous business education that includes interactive class discussions and collaborative learning experiences. Students complete 36-51 credits in economics, managerial stats, and operations management. The online MBA in Massachusetts offers six concentrations in areas such as marketing, international business, and strategic management.

During an advanced course on "world-class strategies," students apply knowledge acquired in prior courses to computer simulations, case studies, and other experiential exercises. Each course requires synchronous learning that directly connect learners with peers and faculty. Students complete the degree in 12 months of full-time study -- or two to three years for part timers. Online learners do not pay out-of-state tuition. Admission requires school transcripts and GMAT or GRE scores. The program admits students in the fall, spring, and summer.


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Western New England University

Location Springfield, MA Tuition Tuition $29,644 % Receiving Financial Aid 75% Student Population 3,912 School Type Private

Established in 1919 to provide adult learners with programs in law, accounting, and business, Western New England University continues to offer students a strong business education. The school's 12-course MBA offers a fully online or hybrid format for working professionals. The 36-credit curriculum provides concentrations in accounting, business law, public relations, and leadership.

The core of the MBA gives learners a strong business base in areas such as managerial finance, accounting for decision-makers, and decision modeling for analytics. In addition to theoretical knowledge, learners acquire the practical skills necessary for managerial positions, including planning, team building, and communication. By taking two courses per term, learners can complete the online MBA in Massachusetts in 18 months. To accommodate busy schedules, students may opt for the part-time option. While the program does not require an undergraduate business degree, applicants must complete coursework in accounting, finance, and statistics and submit the GRE or GMAT.


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Nichols College

Location Dudley, MA Tuition Tuition $23,400 % Receiving Financial Aid 82% Student Population 1,454 School Type Private

Nichols College maintains a singular focus of educating future business leaders. The school's 36-credit online MBA offers a part-time curriculum that learners complete in two years. The core of the online program cultivates learners' competencies in critical business areas such as managerial finance, strategic management, and operations management and cost control. The highly customizable online MBA in Massachusetts offers certificates in areas such as Six Sigma and project management. A series of courses add to learners' business skills by emphasizing business communications, cultural awareness, and trends in leadership.

To meet the needs of busy professionals, Nichols offers HyFlex learning, giving learners the freedom to choose what mode of delivery they prefer: on campus in Dudley or in real time online. The school's signature mentor program allows learners to choose a mentor who provides guidance and coaching throughout their educational and professional journey. Admission requires school transcripts and no GRE or GMAT.


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Bentley University

Location Waltham, MA Tuition Tuition $53,340 % Receiving Financial Aid 50% Student Population 5,506 School Type Private

A college specializing in business education, Bentley University prepares business professionals with a broad global perspective, technical skills, and ethical awareness. The Bentley MBA recognizes learners' need for flexibility, providing them with the choice of full-time, part-time, and accelerated online formats. All students in the online MBA in Massachusetts complete a core that includes study of global strategy, strategic IT alignment, and responsible leadership. Students in the 36-45 credit accelerated online format may opt for a concentration in leadership and complete the degree in as few as 18 months.

Students may also complete the part-time MBA online; these learners enjoy access to a larger number of concentrations, including accountancy, business analytics, economics of financial markets, and information systems and technology. Learners complete the degree within 36 to 60 months. Admission requires school transcripts and the GRE or GMAT, with waivers available for qualified learners. Admission also requires foundational courses that faculty may waive.


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University of Massachusetts - Boston

Location Boston, MA Tuition Tuition $23,892 % Receiving Financial Aid 55% Student Population 16,847 School Type Public

Home to a top-tier business school, the University of Massachusetts - Boston offers a highly customizable online MBA with 15 areas of specialization and two online certificates. The 36-credit curriculum offers part-time and full-time enrollment options. Through the MBA core, learners develop a broad base of advanced business skills in areas such as economics, financial management, and accounting for managers. One of the best online MBAs in Massachusetts, students take additional courses to acquire specialization in areas such as information systems, healthcare informatics, and internet marketing.

Learners who would like to earn a certificate online may choose either healthcare informatics or business analytics. The school oversees several centers, including the Center for Collaborative Leadership and Entrepreneurship Center, that provide invaluable resources such as workshops and mentorships to the next generation of business leaders. Learners in New England benefit from reduced tuition. Admission requires the GRE or GMAT with waivers available.


Concentrations
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Salem State University

Location Salem, MA Tuition Tuition $16,704 % Receiving Financial Aid 60% Student Population 9,001 School Type Public

A diverse community of learners, Salem State University offers an online MBA that integrates classroom learning with research, experiential exercises, and fieldwork. The 36-credit degree prepares learners in core functional business areas such as accounting, management, and finance. The school's electives provide learners with the opportunity to pursue special areas of interest, such as estate planning, consumer behavior, and healthcare economics.

The Massachusetts MBA online offers a curriculum students complete on a full-time or part-time basis in either a fully online or hybrid format. Full-time students complete the degree in two years; part timers do so in three to six. Students study in small classes with access to electronic databases and the library catalog. Learners who lack a formal business education or background must complete six foundational courses for admission into the MBA program. Admission requires at least a 2.5 GPA and GMAT or GRE scores.


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There are many important considerations to make before settling on an online MBA program in Massachusetts. These include factors discussed above like cost, accreditation, and available specializations. The following list includes some key steps to follow during the program research process for MBA options in any state.

  • Compare student outcomes data

    Student outcomes include graduation rate, year-to-year retention rate, the average debt for a graduate from that school, and overall student satisfaction with their degree program. Student outcomes do not guarantee you will be satisfied with a particular program, but can be useful for pinpointing a school’s strengths and weaknesses.

  • Estimate the expected costs of your programs

    Virtually every accredited college or university posts tuition rates online. Additionally, you should research other college-related costs like living accommodations and meal plans (if you plan to live on-campus), administrative fees, and technology fees (for online students). You should also look into scholarships, grants, and other forms of institutional financial aid that can offset some of the costs.

  • Check that classes will fit in with your schedule

    Scheduling is critical for students with other important commitments, such as childcare or full-time employment. Many online programs are asynchronous, or self-paced; students in these tracks are free to complete course requirements on their own schedule. Synchronous programs, on the other hand, require weekly online meetings with teachers and fellow students.

  • Look for partnerships with local businesses

    A large number of online MBA programs include internship and/or capstone practicum requirements ― and in many cases, students are able to gain on-the-job training and real-world office experience. You should look into the school’s business partnerships, particularly in regard to the industry you plan to enter after earning your MBA.

  • Make sure the program is accredited

    Accreditation status should always be available and easily accessible on a school’s website. In addition to regional or national accreditation, some MBA pathways receive programmatic accreditation. Recognized programmatic accreditors for MBA programs include the Accreditation Council for Business Schools and Programs (ACBSP) and the International Accreditation Counsel for Business Education (IACBE).

  • Talk to current students and/or recent alumni

    You should contact the alumni office at each school you are considering and ask to be connected with former students. These individuals can be good sources of information about education costs, life on- and off-campus, local business tips, and other important details for aspiring MBA students.