Part-time, out-of-state students paid more than $1,800 per credit at one online MBA program, according to U.S. News data.
Tepper is one of three top 10 online MBA programs that charged part-time, out-of-state students a steep price for tuition.
In-person MBA programs are popular for aspiring business professionals, but going to school online is also a viable option. In 2013, 13 percent of prospective students considered online MBA programs, according to a 2014 report from the Graduate Management Admission Council.
An online program usually makes it easier for students to attend school part time – even if it's out of state – and study finance, accounting and other business classes from anywhere in the world that has Internet access. Students can save money on transportation, housing and other fees that come with going to a brick-and-mortar classroom, but they may not necessarily save a whole lot when it comes to tuition.
Part-time, out-of-state students at Carnegie Mellon University's Tepper School of Business, for example, paid $1,815 per credit for the 2014-2015 school year. MBA students at this school who didn't attend full time and weren't residents of Pennsylvania, where Tepper is located, paid the most per credit among 217 ranked institutions that submitted data to U.S. News in an annual survey. In-state students were charged the same price, as they were at most of the schools on the list.
[Ask about these five topics before getting an online degree.]
Tepper, tied for No. 7 in U.S. News' online MBA rankings, is one of three top 10 schools that made the list. The others were the Kenan-Flagler School of Business at University of North Carolina—Chapel Hill, which is tied for No. 1 and charges $1,466 per credit, and North Carolina State University's Jenkins School of Business, which is ranked No. 9 and charges $1,350 per credit for part-time, out-of-state students.
Only one school was labeled Rank Not Published: Stevens Institute of Technology. The New Jersey school charges part-time, out-of-state students $1,400 per credit. The RNP label denotes an institution that is ranked in the bottom one-fourth of its ranking category. U.S. News calculates a rank for the school but has decided not to publish it.
[Think carefully about using student loans for online education.]
Madonna University in Michigan charged the least for out-of-state, part-time students: $160 per credit.
Below is a list of the 10 MBA programs with the highest tuition for nonresidents during the 2014-2015 school year. Unranked schools, which did not meet certain criteria required by U.S. News to be numerically ranked, were not considered for this report.
| School (name) (state) | 2014-2015 out-of-state, part-time MBA tuition per credit | U.S. News b-school rank |
|---|---|---|
| Carnegie Mellon University (Tepper) (PA) | $1,815 | 7 (tie) |
| Pepperdine University (Graziadio) (CA) | $1,564 | 24 |
| George Washington University (DC) | $1,545 | 44 (tie) |
| University of North Carolina—Chapel Hill (Kenan-Flagler) | $1,466 | 1 (tie) |
| Northeastern University (MA) | $1,433 | 36 (tie) |
| University of Wisconsin—Oshkosh | $1,430 | 84 (tie) |
| Stevens Institute of Technology (NJ) | $1,400 | RNP |
| Clarkson University (NY) | $1,390 | 36 (tie) |
| St. Mary's College of California | $1,357 | 82 (tie) |
| North Carolina State University (Jenkins) | $1,350 | 9 |
U.S. News surveyed 195 public, private and for-profit schools for our 2015 Best Online MBA Programs rankings. Schools reported myriad data regarding their academic programs and
the makeup of their student body, among other areas, making U.S. News' data the most accurate and detailed collection of college facts and figures of its kind. While U.S. News uses much of these survey data to rank schools for our annual Best Online MBA Programs rankings, the data can also be useful when examined on a smaller scale. U.S. News will now produce lists of data, separate from the overall rankings, meant to provide students and parents a means to find which schools excel, or have room to grow, in specific areas that are important to them. These data are specific to schools' online MBA degree program offerings and have no influence over U.S. News' Best Graduate Schools rankings assessing traditional business programs. The tuition data above are correct as of July 21, 2015.
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