Historically Black Colleges or Universities (HBCUs) are significant in American history and culture, promoting diversity, equity, and excellence. Pursuing an online MBA program at an HBCU prepares students for various roles in a broad range of industries, including:
- Business managers with a median annual salary of $127,490
- Financial managers with a median salary of $131,710
- Marketing directors with a median salary of $135,030
These programs typically take two to three years to complete, although some institutions may offer accelerated options for students with more time to devote to their studies. Part-time options are also often available for individuals balancing their education with other responsibilities — like a full-time job or caretaking.
In terms of cost, the average tuition price for public and private institutions was $19,749 for the 2020-2021 academic year. However, this figure can vary significantly depending on the institution and specific program.
How to Choose an Online MBA Program at an HBCU
Choose your area of study
While earning a general MBA has its benefits, many students prefer to choose a specialization that aligns with their interests, strengths, and professional goals. For example, students with a strong analytical mindset and a keen interest in numbers may excel in finance. At the same time, those with excellent communication and strategic thinking skills may thrive in marketing. Entrepreneurship may suit people who are innovative, risk-tolerant, and have a passion for starting and managing their own ventures.
By aligning your skills and interests with a specific specialization, you can decide on the area of study that suits you best.
Research schools and programs
Start by exploring the websites of different HBCUs and their business schools to gather information about the available specializations, curriculum, and the faculty’s skill set. This information is often readily available online and can help you decide which programs align best with your career goals.
In addition, seek insights from current students, alums, or professionals working in your desired field through networking events, online forums, or social media groups to gain first-hand perspective. After all, the best people to consult on these decisions are often those who have experienced the program themselves. They can lend a point of view that might not be articulated on the program’s website.
Prepare for tests and applications
Once you have compiled a list of programs you’d like to apply to, you must prepare for any necessary standardized tests and applications.
First, thoroughly review the admission requirements and deadlines for each program. Then, create a study plan and dedicate ample time to prepare for standardized tests like the GMAT or GRE. Utilize study resources, practice tests, and consider enrolling in a test preparation course to take your test-taking skills to the next level.
Simultaneously, gather all required application materials for each program. These items often include transcripts, letters of recommendation, and a unique personal statement for each school you apply to.
Select your program
Now that you have received your acceptance letters, you can begin selecting the program you’ll attend. It is an excellent time to revisit each program’s curriculum, course offerings, and available specializations to ensure that it aligns with your unique career goals. Ask yourself, “Does this program have instructors I am excited to learn from? Are there any internships or job placement opportunities that interest me? How extensive is their alumni network?” The answers to these questions can help you evaluate the program’s quality and strengths.
Additionally, consider each program’s costs and financial aid options. Tuition can vary significantly depending on the institution, and you’ll want to choose a program that offers a high-quality education at a reasonable cost.
Determine how you’ll pay for your degree
Paying for an MBA can be daunting, but luckily, many resources are available to help lighten the financial load.
Start by completing the Free Application for Federal Student Aid (FAFSA), which will determine your eligibility for federal grants, loans, and work-study programs. HBCUs may offer scholarships and grants specific to their MBA programs, so researching and applying for these opportunities is crucial. Additionally, you can explore external scholarships, employer tuition reimbursement programs, and fellowships.
By exploring these avenues, you can identify the best combination of resources to support your pursuit of higher education.
Top 50 HBCU Online MBA Degree Programs
Discover More Options
How We Rank Schools
This list features some of the country’s most popular online MBA programs. The programs featured on this list are offered by nonprofit, regionally accredited post-secondary institutions, either public or private, and can be completed fully or partially online.
We ranked programs by evaluating their cost, retention and graduation rates, faculty, reputation, and more. We also compared this comprehensive list of popular online MBA programs to a list of aggregated college rankings from reputable publications, such as U.S. News & World Report. Based on these reviews and rankings, we calculated the Intelligent Score on a scale of 0 to 100 for each school. To learn more, read our ranking methodology.
What Can You Expect From an Online MBA Program
By earning your MBA at a Historically Black College or University (HBCU), you can expect an inclusive and flexible educational experience tailored to your career aspirations. MBA curriculums are multifaceted and include finance, marketing, operations, and leadership coursework, enabling graduates to develop a holistic understanding of business principles and practices.
These programs usually take two to three years to complete. While most coursework can be completed online, some HBCUs incorporate in-person workshops or residences to enhance networking opportunities, foster collaboration, and provide hands-on learning experiences. In-person components may involve seminars, workshops, case studies, or group projects encouraging the practical application of acquired skills.
Potential courses you’ll take in an online MBA program
- Operations Management: Typically a core requirement, this course focuses on managing business operations and processes to enhance efficiency and productivity. Students will learn about supply chain management, quality control, project management, and process improvement techniques. They will gain a deep understanding of optimizing operations, reducing costs, and streamlining workflows to meet customer demands.
- Strategic Marketing: Another standard core requirement, this class explores the fundamentals of marketing and strategic planning. Students will learn to develop marketing strategies, conduct market research, segment target markets, and create effective marketing campaigns. They will gain insights into consumer behavior, branding, pricing strategies, and the use of digital marketing tools to drive business growth.
- Financial Management: This course focuses on the principles and techniques of financial management, teaching students how to analyze financial statements, evaluate investment opportunities, and make effective financial decisions. Students will gain expertise in financial planning, capital budgeting, risk management, and the role of financial markets in business operations.
- Leadership and Organizational Behavior: Also called “Organizational and Management Theory,” most MBA students take this course in their final term. In this class, students will explore motivation, team dynamics, conflict resolution, and ethical decision-making. They will learn to navigate organizational complexities, foster teamwork, and inspire others to achieve organizational goals.
What Can You Do With a Top HBCU Online MBA Program?
Career outlook
An online MBA from a Historically Black College or University (HBCU) is a valuable credential that opens up many career opportunities. The career outlook for an individual with an MBA degree can be promising, based on their prior work experience, the school’s reputation from which they obtained their MBA, and the industry they wish to pursue. An MBA gives you the skills to undertake jobs in business and industry, such as finance manager, a position that pays a median wage of $131,710 annually, according to the U.S. Bureau of Labor Statistics (BLS), or supply chain manager, a job with a median salary of $77,030. Many positions for MBA holders are experiencing slow but steady growth. For example, the need for finance managers will increase by 17 percent over the coming decade.
Career paths
Students graduating with an online MBA from an HBCU will find positions available across all business and industry sectors, as well as in education, government, and the nonprofit world. The need for those with solid training in business fundamentals spans the entire economic industry, both in the U.S. and globally.
Your interests and the focus of your coursework will predicate the career path you choose. Some common career path options for those with an online MBA include:
- Finance and investment banker — works with financial analysis, investment decisions, and managing company funds
- Marketing manager — leads marketing research efforts and designs effective campaigns
- Management consultant — works for consulting firms or independently to advise companies on business strategies
- Entrepreneur — starts a business or franchise operation, or advises those who do
- Human resources manager — manages talent acquisition and training, employee development, and organizational culture
Industrial Production Manager
Earning Potential: $64,150-$170,470
Education Required: bachelor’s degree in business; MBA with focus on industrial production
Industrial production managers oversee the operations of manufacturing companies that build a range of goods, from clothing to computers. They coordinate and plan all activities related to creating the goods, determining how best to allocate workers and other resources to meet production goals. They work closely with people, including upper and middle management, workers, vendors and suppliers, and customers. They hire and train workers and regularly review their output. They troubleshoot challenges and monitor the facility’s safety features and processes while ensuring deadlines are met on time and within budget.
Computer and Information Systems Manager
Earning Potential: $95,220-$208,000+
Education Required: Bachelor’s degree in business or an IT-related subject; MBA in information technology
Computer and information systems managers plan and implement all technology-related activities for an organization or business. They work with company leadership to determine the organization’s IT needs, develop a budget and staffing schedule for meeting those needs, and direct the installation of software and hardware for the smooth running of business operations. They research new developments and upgrades in the field and work to onboard any that can improve business processes. They may manage other IT personnel, such as systems analysts, cybersecurity experts, and more. They also work closely with vendors to ensure the business’s IT needs are at the lowest possible price.
Medical and Health Services Managers
Earning Potential: $60,780-$205,620
Education Required: bachelor’s degree in business; MBA with a focus on healthcare administration
Medical and health services managers, also called healthcare administrators, plan, direct, and coordinate the activities at healthcare facilities such as clinics and hospitals. They may manage an entire facility or a single department. They must possess a deep understanding of current healthcare laws and regulations and ensure that these are followed carefully by all staff. They may recruit, hire, and train employees, create work schedules, and oversee annual reviews. They must have a good grasp of current medical technology, including the databases that contain patient records. They will likely work with the facility’s senior leadership and may represent the facility for investor meetings or governing boards.
Online MBA Degree Frequently Asked Questions
How do I apply to an online MBA in Entrepreneurship degree program?
To apply for an online MBA in Entrepreneurship degree program, you will need to visit the website of the institution offering the program. There, you will find an online application form where you can submit your personal and educational information.
Admissions requirements may vary, but they generally include a bachelor’s degree, transcripts, letters of recommendation, a resume demonstrating relevant work experience, and a statement of purpose highlighting your interest in entrepreneurship and career goals.
Before applying, It’s crucial to talk to an admissions counselor. They can give you a clear understanding of the program’s requirements, prerequisites, and any specific documentation that can strengthen your application.
How much does an online MBA in Entrepreneurship degree cost?
As of 2020-2021, the average cost for online MBA programs was $19,749. While online programs offer some cost advantages compared to in-person programs — such as potential savings on commuting or housing expenses — online students may incur additional expenses unique to virtual programs. These expenses include textbooks, software, technology requirements, and potential travel expenses for optional in-person events or networking opportunities.
How long does it take to earn an online MBA in Entrepreneurship degree?
On average, completing an online MBA in Entrepreneurship takes around two to three years of part-time study. Full-time enrollment may allow students to finish the degree sooner, usually within one to two years.
It’s also important to consider the program’s required credits, as these can vary depending on the institution and significantly impact completion time. In addition, online programs often offer more flexibility in course scheduling and allow students to balance their studies with other commitments, potentially resulting in a shorter or longer program duration than on-campus programs.
Is an online MBA in Entrepreneurship worth it?
Earning an MBA in entrepreneurship can be worth it if you are interested in starting your own business — or working with those doing so. Your MBA will give you a solid grounding in the essential elements of business, from finance to sales, which all play a role in business ownership. Your program should also help you build a network of like-minded individuals who can assist, mentor, and support your efforts.
Earning your MBA will provide you with the skills necessary for business ownership and allow you to take on leadership positions in your business or with other entrepreneurs. With an MBA, you stand to earn a desirable salary. Top executives, for example, make a median salary of $98,980 annually, with the possibility of much higher compensation as the business grows and expands.
If you are an adult learner with other personal or professional commitments, earning your degree online offers the flexibility that may allow you to continue to work or care for family members while earning your degree. Online education may also lead to cost savings for some students.