A bachelor’s in business administration is a flexible degree that prepares students for various career opportunities related to business, entrepreneurship, project management, human resources, and more. Given that the Bureau of Labor Statistics (BLS) predicts a steady rise in employment opportunities in business through 2031, students interested in these types of careers may find an online bachelor’s in business administration a worthwhile investment.
To help students find the best online bachelor’s in business administration among the many available options, Intelligent.com evaluated dozens of relevant programs based on cost, reputation, national rankings, faculty, and retention and graduation rates. The following is a list of the best online bachelor’s in business administration programs for 2023.
Also included below is expert guidance from Northern Illinois University’s Academic Advising Center Director Michelle Pickett on choosing and applying for an online bachelor’s in business administration, what concentration options are available to students, and what the career outlook for this major is.
What can you do with a bachelor’s in business administration degree?
Earning a bachelor’s degree in business administration provides a solid foundation in business and management, equipping graduates with a wide range of in-demand skills and practical knowledge. According to Pickett, “Business administration degrees focus on teaching the skills needed to run the day-to-day operations of an organization effectively. These skills include analytical thinking, strategic planning, forecasting, and entrepreneurship.” By attaining this unique skill set, graduates are prepared to pursue careers aligned with their goals and interests.
For example, students with an entrepreneurial spirit may pursue a business administration degree to gain the skills and knowledge to start their own business. Conversely, students with a keen eye for improvement and efficiency may use their business administration degree to pursue a supply chain analyst or project manager career.
Pickett continues, “This degree focuses on teaching practical business applications that drive management, leadership, and ethical decision-making. Business administration degrees provide students the skills to be astute leaders and managers.” Earning a bachelor’s degree in business administration is a great way to prepare for a future in leadership that can be applied to many industries and roles within the business world.
How long does it take to get a bachelor’s in business administration degree?
The duration needed to obtain a bachelor’s degree in business administration can vary based on factors such as the institution attended, the structure of the program, and your study pace. On average, this degree takes about four years of full-time study to complete. Depending on transfer credits, program format, and the number of courses taken per semester, the duration may be longer or shorter.
Here are some other key points that can affect the timeline:
Prerequisites
A high school diploma or equivalent is required for admission to all undergraduate majors and institutions. Some universities may have additional requirements, such as specific high school courses or standardized test scores, like the SAT or ACT.
Asynchronous vs. Synchronous Learning
Online business administration programs are delivered in synchronous or asynchronous formats, each suitable for different reasons. Synchronous learning requires students to attend classes and participate in real-time activities like live lectures or discussions. Asynchronous learning allows students to access course materials and complete assignments at their convenience without strict real-time requirements.
Part-Time vs. Full-Time
The duration of earning a Bachelor’s in Business Administration will vary depending on whether you study full-time or part-time. Full-time students typically take a heavier course load each semester and can complete the degree in an average of four years. Part-time students, who often balance work or other responsibilities, may take fewer courses per semester and, as a result, take longer to complete their degree.
How much does a bachelor’s in business administration degree cost?
As of 2023, the average Bachelor’s degree in Business Administration tuition was approximately $9,000 annually for in-state students attending a public institution. Tuition rises significantly for out-of-state students, totaling about $37,000 per year.
In the United States, public universities differentiate tuition rates based on residency status. In-state students, who are residents of the state where the university is located, typically pay lower tuition rates than out-of-state students. Out-of-state students usually pay higher tuition rates to compensate for the difference in funding sources and subsidies the state provides.
Tuition costs can also vary depending on whether you attend a public or private institution. Public universities generally receive funding from the state government, which can lead to lower tuition rates for in-state students compared to private universities. Private institutions, which rely more heavily on tuition revenue, often have higher tuition fees regardless of residency status.
In addition, there may be a difference in tuition for full-time and part-time students. Generally, full-time students tend to pay a higher total tuition than part-time students because full-time students typically take a more significant number of credits per semester and complete their degree in a shorter time frame. On the other hand, part-time students spread their coursework over a more extended period, paying for fewer credits each semester.
What are the admission requirements for a bachelor’s in business administration degree?
The admission requirements for a bachelor’s degree in business administration vary depending on the institution and program. Regardless, there are some standard admission requirements and prerequisites you may encounter.
- Educational Background: Applicants must have a high school diploma or an equivalent credential (such as GED). Some programs may also require specific high school courses like mathematics, English, social sciences, or foreign languages.
- Transcripts: Most institutions require prospective students to submit official high school transcripts or any previous college transcripts. These documents provide a record of your academic performance and achievements.
- Standardized Test Scores: Some institutions may require standardized test scores, such as the SAT or ACT. These tests assess a student’s readiness for college-level education. However, many universities have adopted test-optional policies, meaning they do not require standardized test scores for admission.
- Personal Statement: Many programs ask applicants to submit personal statements or essays, which allow them to express their motivations, goals, and experiences relevant to pursuing a bachelor’s degree in business administration.
- Letters of Recommendation: Some institutions may request letters of recommendation from teachers, counselors, or others who can vouch for your academic, work ethic, or character.
Since admission requirements vary significantly between institutions, we recommend researching and consulting the universities or colleges you are interested in to obtain the most accurate and up-to-date information.
The Top 70 Online Bachelor’s in Business Administration Programs
Discover More Options
How We Rank Schools
This list features some of the best online business administration programs at top colleges nationwide. Each school featured is a nonprofit, accredited institution — either public or private — with a high standard of academic quality for post-secondary institutions. The programs on our list are available at accredited institutions, including the Association to Advance Collegiate Schools of Business (AACSB) and the Accreditation Council for Business Schools and Programs (ACBSP), both reputable organizations that assess business programs for educational excellence and a commitment to quality education.
We evaluated each school’s program on tuition costs, admission, retention and graduation rates, faculty, reputation, and the student resources provided for online students. Then, we calculated the Intelligent Score on a scale of 0 to 100. Read more about our ranking methodology.
Next, we compared this comprehensive list of online business administration programs to a list of aggregated college rankings from reputable publications like the U.S. News & World Report, among others, to simplify a student’s college search. We pored through these rankings so students don’t have to.
Business Administration Degree Concentrations
Is a specialized business administration degree better than a general business administration degree?
Whether a specialized business administration degree is better than a general one depends on many factors, including your career goals, personal interests, and the specific industry or field you wish to pursue.
Suppose you have a particular interest in a specific area of business. In that case, a specialized business administration degree allows you to gain in-depth knowledge and skills in your chosen specialization, which can be valuable in related job roles. A specialized degree can also help you differentiate yourself from other candidates in the job market, giving you a competitive advantage. Lastly, a specialized degree can align more closely with specific career paths or industries. For example, a degree in marketing may be advantageous if you aspire to work in advertising, digital marketing, or brand management. It can provide targeted knowledge and experiences directly applicable to those roles.
Alternatively, a general business administration degree can be attractive for versatility and flexibility. A general degree offers a broad foundation in various aspects of business, including management, finance, marketing, operations, and Human Resources. This versatility can help you keep your career options open while exploring different business areas. In addition, a general degree can be particularly beneficial for aspiring entrepreneurs, as it provides a comprehensive understanding of various business functions, enabling you to develop the necessary skills to start and manage your business.
Choosing between a specialized or general business administration degree depends on your goals and preferences. Contemplate your career aspirations, the level of specialization you desire, and the industry you wish to enter. Consider researching specific job requirements, talking to professionals in your field of interest, and consulting with academic advisors to make an informed decision.
What are some common business administration degree concentrations?
Many business administration degree programs offer various concentrations or specializations to allow students to focus their studies on a specific area of interest. Some of the most popular concentrations include the following:
Business Analytics
Natural problem-solvers with a methodical mindset may be well-suited to pursue a concentration in business analytics. This concentration equips students with skills in data analysis, statistical modeling, data visualization, and decision-making using data-driven insights. It uses data to identify trends, solve business problems, and support strategic decision-making.
Human Resources Management
Personable, outgoing individuals with an aptitude for creating and maintaining a positive work environment may enjoy a concentration in Human Resources Management. This concentration covers recruitment, employee training and development, compensation and benefits, performance management, labor relations, and organizational behavior.
Finance
Those with a knack for money matters and economics may thrive in pursuing a concentration in finance. Students in this field focus on financial management, investments, financial planning, risk management, and analysis of financial markets. Students gain corporate finance, investment management, financial modeling, and financial statement analysis skills.
Marketing
Students with a creative mindset and an aptitude for thinking outside the box often excel in a marketing concentration. This business area delves into consumer behavior, market research, branding, advertising, digital marketing, and strategic planning. Students learn to develop and implement effective marketing strategies to promote products or services, conduct market analysis, and understand customer preferences.
Operations Management
Individuals genuinely interested in streamlining processes, enhancing efficiency, and driving continuous improvement will find an operations management concentration fulfilling. This concentration centers on managing production processes, supply chain logistics, quality control, and efficiency improvement. Students learn inventory management, project management, process optimization, and lean principles.
Career Opportunities for Bachelor’s in Business Administration Degree Graduates
Career trajectories
A bachelor’s degree in business administration provides a broad foundation in business principles and skills, opening up various career opportunities across multiple industries. Here are some potential career paths for graduates with a degree in business administration:
- Sales Manager: Graduates in sales management focus on building and maintaining relationships with key clients, understanding their needs, and ensuring customer satisfaction. Median annual salary: $127,490
- Business Development Specialist: Individuals in this field identify new business opportunities, foster partnerships, and develop strategies for business growth. Median annual salary: $59,000
- Entrepreneur: Students in entrepreneurship start and manage their business ventures, handling various aspects of business operations. Median annual salary: $68,000
- Project Manager: Graduates interested in project management lead and coordinate projects and manage timelines, budgets, and resources to ensure successful completion. Median annual salary: $94,500
- Supply Chain Manager: Individuals in this career manage the flow of goods and services, coordinating logistics and optimizing the supply chain for efficiency. Median annual salary: $77,030
Is a bachelor’s in business administration degree worth it?
Yes, an online Bachelor’s in Business Administration can be worth it for career advancement and increased earning potential. “Earning a degree in Business Administration is very beneficial. This degree teaches individuals how to be effective leaders and managers in various business industries,” says Pickett. “The online option is particularly valuable for individuals who lead busy lives but are looking for a degree program to maximize their leadership potential and skills.”
With over 700,000 new jobs projected by 2031, earning your bachelor’s degree in business administration is a surefire way to gain employment in a growing field. This sector of the economy is expected to grow 7% over the next decade. Similar positive growth is projected for other business-related roles, such as financial analysts, market research analysts, and Human Resources specialists. These projects indicate a demand for skilled professionals in business, increasing the likelihood of finding rewarding career opportunities.
Of course, there is the matter of money. While salaries can range significantly across industries and different areas of business, the median annual wage for individuals employed in business and financial occupations held steady at $76,570 as of 2021.
The diverse range of job prospects available to business administration graduates is also beneficial as it helps students prepare for a lucrative career in a field of their interest. The degree equips students with a solid foundation in business principles, management skills, and critical thinking, giving students a steady framework from which to build a prosperous career for decades to come.
Yet, the most essential element of determining whether any undergraduate major is worthwhile lies in its Return on Investment (ROI). Year after year, earning a Bachelor’s in Business Administration results in a positive ROI. While rates vary between majors, one study calculates that employed business graduates see an impressive 17% ROI. Considering how much money goes into financing your degree, seeing a positive ROI in the double digits is always a win.
However, it’s important to note that the value of any degree, including an online Bachelor’s in Business Administration, also depends on factors such as the reputation and accreditation of the institution, the quality of the program, networking opportunities, internships, and individual dedication to learning and skill development. Ultimately, students considering an online bachelor’s degree in business administration should weigh their personal goals, circumstances, and aspirations against the potential career prospects and ROI associated with the degree.
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How To Choose an Online Bachelor’s in Business Administration Degree Program
First, Pickett says, you’ll want to check for accreditation. “Accreditation is important when looking at the academic requirements, standards, and quality of a program’s academic curriculum.” Not only does accreditation matter to ensure academic quality, but it can also affect your eligibility for financial aid. “It also factors into a student’s eligibility for federal financial funding,” Pickett continues. Keep an eye out for regional accreditation from organizations like the Higher Learning Commission (HLC), Southern Association of Colleges and Schools Commission on Colleges (SACSCOC), or the New England Commission on Colleges and Universities (NECHE), among others. You will also want to look for national accreditation from the Accreditation Council for Business Schools and Programs (ACBSP) or the International Accreditation Council for Business Education (IACBE).
Next, you must evaluate the total cost of the program. Pickett suggests, “Compare costs of different programs to determine the best return on your investment. Look at the cost of tuition, technology, distance learning fees, book costs, and any required software for the program.” Comparing these costs will give you a better idea of how much completing the program will cost beyond tuition expenses. It’s crucial to balance quality and cost to ensure a worthwhile investment.
Program reputation is another significant factor. Research the reputation of the program, faculty, and the institution offering the degree to ensure you’re making a wise decision. “How reputable a program is can be based on how long it has existed,” Pickett says, “The longevity of a program also speaks to the quality of the program.” Look for rankings, reviews, and feedback from current or former students to gain insights into the program’s strengths and weaknesses.
You’ll also want to look closely at each program’s curriculum. “Explore the prerequisite and required courses, course descriptions, and attributes of the degree you are considering,” Pickett says. “Are discussion forms, collaborative, or capstone projects included in the curriculum? Are real-world experiences like practicums and internships required?” A well-designed curriculum that covers core business concepts and offers specialization options can provide a strong foundation for future endeavors.
Of course, you will also want to examine retention and graduation rates and graduate job placement. “Inquire about the program’s retention rate, length of time needed to complete the degree, and job placement rates for alumni,” Pickett recommends. “These items speak to students’ support, engagement, and success in their program.” Higher retention and graduation rates suggest that students are engaged, supported, and progressing successfully through the program. In addition, statistics, alum testimonials, and partnerships with employers can speak to the program’s effectiveness in preparing students for the job market.
5 Steps To Earning an Online Bachelor’s in Business Administration Degree
1. Make sure it’s the right choice
Choosing a degree plan can be a life-changing decision, so it’s essential to carefully consider whether earning a Bachelor’s in Business Administration is the right choice for you. Research the types of roles and industries that value a business administration background. If you are interested in business, management, finance, marketing, or entrepreneurship, pursuing a degree in business administration may be a good fit.
However, before enrolling in an online program, reflecting on your preferred learning style is important. Pickett recommends asking yourself, “‘ Can I learn best in an online environment?’ If so, what modifications do I need to make in my daily life to ensure I set aside enough time to be successful in this program.” If you enjoy independent learning, are comfortable with technology, and can thrive in a self-paced environment, online learning may be a suitable choice.
2. Research schools and programs
Pickett says gathering information is critical when researching schools to find the right Bachelor’s in Business Administration to meet your professional goals. “When investigating programs, be sure to gather information sufficient about the program to make a sound decision. Also, consider how completing this program will contribute to your personal and professional goals.” Here are some steps to guide your research process:
- Identify Personal Priorities: Start by clarifying your priorities and preferences. Consider program duration, specialization options, tuition costs, reputation, accreditation, and career outcomes. Understanding your choices will help narrow the search and focus on programs that align with your needs.
- Gather Initial Information: Gather information about the schools and programs you’re interested in. Utilize online resources like university websites and educational portals to create a list of potential schools you plan to apply to.
- Visit Campus or Attend Virtual Events: If possible, visit the schools’ campuses you are interested in. Attend open houses, information sessions, or virtual events to get a feel for the campus culture, meet faculty or program representatives, and ask questions. Engaging directly with the program can help you assess if it aligns with your expectations.
- Compare and Evaluate: Compare the gathered information, weighing the pros and cons of each program. Shortlist the programs that best align with your priorities and preferences.
- Seek Guidance: Advisors, career counselors, or professionals in business administration can provide valuable insight and advice on your shortlist. Seeking additional guidance can give you the advice and perspective you need to make a sound decision about the schools you will apply to.
3. Prepare for tests and applications
Preparing for tests and applications when applying to schools for a bachelor’s degree in business administration requires careful planning and diligent effort. You can best prepare by following these steps:
- Understand Application Requirements: Familiarize yourself with the application requirements for each school you apply to. Take note of deadlines, required documents (transcripts, letters of recommendation, essays, etc.), and any additional materials or tests necessary for admission.
- Create a Study Schedule: If you need to take standardized tests like the SAT or ACT, create a study schedule to allocate sufficient time for test preparation. Some students prefer to enroll in a test prep program to ensure they are adequately prepared for test day.
- Polish Your Writing Skills: If essays are required for the application, practice your writing skills. Start early, brainstorm ideas, and outline your essays. Seek feedback from teachers, counselors, or peers to refine your writing and ensure that your essays effectively convey your thoughts and experiences.
- Seek Letters of Recommendation: Identify individuals who can provide strong letters of recommendation — like teachers, professors, or supervisors who know you well academically or professionally. Provide them with relevant information about your accomplishments, goals, and experiences to help them write compelling letters.
- Tailor Your Applications: Customize each application to highlight your strengths and align with the specific programs and schools you are applying to. Showcase your achievements, extracurricular activity, leadership experiences, and community involvement to demonstrate your well-rounded profile.
4. Determine how you’ll pay for your degree
Determining how to pay for your degree requires carefully considering available financial resources and planning. It is crucial to make informed decisions to minimize the financial burden of earning your Bachelor’s in Business Administration Degree.
Start by estimating the total cost of your degree program, including factors beyond the tuition price. Gather information from the schools you are interested in to obtain accurate cost information. Then, consider tuition fees, textbooks, supplies, and any additional expenses such as housing, transportation, and living costs to get a realistic expectation of the total cost of your education.
From there, you should research your financial aid options, including scholarships, grants, work-study programs, and student loans. Check with the schools you are applying to about information for scholarships specific to business students, and explore external scholarship options offered by organizations, foundations, or professional associations.
Lastly, complete the Free Application for Federal Student Aid (FAFSA), which determines your eligibility for federal grants, loans, and work-study programs. Complete your FAFSA as early as possible to maximize your financial aid options.
5. Select your program
After conducting your research, fine-tuning applications, and comparing the benefits of each program, it’s time to select your program. Carefully analyze which program is the closest match for your ambitions, career goals, and financial situation to ensure you land in the best possible program for you.