Most affordable MBA programs in the world
Most affordable MBA programs: Pursuing an MBA is a significant step for many aspiring business leaders, offering personal and professional growth opportunities. However, the cost of such programs can be daunting. Fortunately, several business schools around the globe provide high-quality education at more accessible price points.
This guide highlights some of the Most affordable MBA programs, detailing their program lengths, non-resident tuition fees, and rankings from reputable sources such as U.S. News and the Financial Times. By exploring these options, prospective students can make informed decisions that align with their career aspirations while managing their financial commitments.
| Business school name | Program length | Non-resident tuition & fees
(Full-time MBA) |
U.S. News Best Business Schools Ranking 2024 | FT Business School Ranking 2024 |
| USA | ||||
| UF Warrington | 22 months | $61,260 | 36 | 40 (FT’23) |
| Georgia Terry | 22 months | $65,212 | 27 | 40 |
| UT Dallas – Jindal | 18 months | $65,567 | 38 | 55 |
| Brigham Young Marriott | 2 years | $60,304 | 37 | 84 |
| UK | ||||
| Alliance Manchester | 15/18 months | $60,850 | NA | 46 |
| Warwick | One year | $68,150 | NA | 60 |
| Durham | One year | $47,550 | NA | 78 |
| Singapore | ||||
| National University of Singapore (NUS) | 17 months | $61,694 (incl. GST) | NA | 27 |
| Nanyang Business School, NTU | 12/18 months | $60,900 (incl. GST) | NA | 32 |
| Germany | ||||
| WHU – Otto Beisheim School of Management | One year | $51,660 | NA | 65 |
| Mannheim Business School | One year | $46,200 | NA | 73 |
| Other options | ||||
| CEIBS, China | 16 months | $65,430 | NA | 21 |
| ESSEC, France, Singapore | One year | $54,410 | NA | 54 |
| EMLyon, France | 11 months | $43,300 | NA | 57 |
| Erasmus Rotterdam, Netherlands | One year | $70,700 | NA | 61 |
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Here’s a look at some of the most affordable MBA programs globally, highlighting program details, tuition, and rankings.
United States
UF Warrington
The University of Florida’s Warrington College of Business offers a 22-month MBA program. With non-resident tuition of $61,260, it is ranked 36th by U.S. News and 40th in the Financial Times (FT) rankings. The UF MBA experience is designed to shape and influence your professional and personal development.
The program provides every conceivable resource to help you fulfill your potential as a business leader. Students benefit from a stellar cohort that motivates them to excel, along with exceptional career development opportunities that position them for their ideal post-MBA job. The concentrated cohort size allows staff to offer a personal approach to education, often lacking in nationally-ranked business schools.
Georgia Terry College of Business
Founded in 1912, the C. Herman and Mary Virginia Terry College of Business is steeped in a tradition of providing cutting-edge business education. It offers a top-ranked undergraduate program, various specialized master’s degrees, multiple MBA formats, and eight areas of PhD study. The challenging curriculum, exceptional faculty, and close-knit alumni network prepare Terry students to become leaders in their professions and communities.
The Georgia Terry College of Business features a 22-month MBA program with non-resident tuition set at $65,212. It ranks 27th by U.S. News and shares the same FT ranking of 40 as UF Warrington. Known for its strong connections to the business community, the school provides excellent networking opportunities.
UT Dallas – Jindal
The University of Texas at Dallas, established in 1969, has grown from 45 graduate students to over 28,000 undergraduate and graduate students today. The Naveen Jindal School of Management has become a leader in research and education since its entrepreneurial beginning in 1975, preparing students for a global understanding of life and work.
The Jindal School of Management offers an 18-month MBA program with a tuition fee of $65,567. It ranks 38th in the U.S. News list and 55th in the FT ranking. Designed for those looking to accelerate their careers in a condensed timeframe, its tuition is on the higher end compared to peers.
Brigham Young Marriott School
The BYU Marriott School of Business prepares individuals of faith, character, and professional ability for leadership positions worldwide. Located at Brigham Young University, the largest privately owned, church-sponsored university in the U.S., BYU Marriott offers four graduate and ten undergraduate programs with approximately 3,300 students enrolled.
The school provides a traditional two-year MBA program at a cost of $60,304. It is ranked 37th by U.S. News and 84th by FT. Known for its strong ethical foundation, this program attracts students who value integrity and service alongside their business education.
United Kingdom
Alliance Manchester Business School
Alliance Manchester Business School (Alliance MBS) is the UK’s largest campus-based business and management school. With a global presence, international diversity, and versatile program durations, it attracts around 7,000 students from 85 countries annually.
International admissions at Alliance MBS are holistic, requiring outstanding academic scores, an IELTS score of 6.5, personal statements, and recommendation letters. Tuition and living expenses can range from £25,000 to £50,000 annually.
The school’s alumni network comprises 60,000 graduates across 176 countries, assisting current students with work placements at leading companies like Airbus and Deloitte. The flexible MBA program lasts 15 to 18 months, with a tuition fee of £60,850. Although it lacks a U.S. News ranking, it ranks 46th in the FT rankings and is recognized for its global perspective and strong research output.
Warwick Business School
Warwick Business School, a department of the University of Warwick, is renowned for its full-time MBA program, which ranks #28 in the world and #1 in the UK (Economist full-time MBA 2022). The tuition fee for an MBA is £68,150, while Master of Science programs range from £30,000 to £38,000. The school also offers a range of scholarships, easing the burden of tuition fees.
Warwick Business School boasts a high graduate career outcome rate, with an average starting salary of around £96,000 for MBA graduates. Notable employers include Amazon, EY, and Goldman Sachs.
Durham University Business School
Durham University Business School offers a one-year MBA program for £47,550. Although it is unranked in U.S. News, it holds a position of 78th in the FT rankings. This program is noted for its supportive environment and emphasis on personal development, appealing to students seeking a close-knit community.
Singapore
National University of Singapore (NUS)
The NUS Business School offers a 17-month MBA program at a cost of $61,694 (including GST). While it lacks a U.S. News ranking, it is positioned 27th in the FT rankings. NUS is recognized for its strong academic framework and diverse international student body, contributing to a vibrant learning atmosphere.
Nanyang Business School, NTU
Nanyang Business School provides a flexible MBA program lasting 12 to 18 months, with tuition of $60,900 (including GST). It is unranked by U.S. News but holds the 32nd position in the FT rankings. Known for its emphasis on innovation and entrepreneurship, Nanyang attracts students looking to make an impact in the business world.
Germany
WHU – Otto Beisheim School of Management
WHU offers a one-year MBA program priced at $51,660. It does not have a U.S. News ranking but is ranked 65th by FT. The school is well-known for its strong focus on international business and entrepreneurship, appealing to those interested in a global career.
Mannheim Business School
Mannheim Business School provides a one-year MBA program with tuition of $46,200. It also lacks a U.S. News ranking but is ranked 73rd by FT. The school is recognized for its rigorous academic standards and strong corporate connections, making it a great choice for ambitious students.
Other Options
CEIBS (China)
The China Europe International Business School offers a 16-month MBA program at a cost of $65,430. While it is unranked by U.S. News, it is placed 21st by FT. CEIBS is noted for its deep understanding of both Western and Chinese business practices, catering to students interested in the Asian market.
ESSEC (France, Singapore)
ESSEC Business School offers a one-year MBA program with a tuition fee of $54,410. It lacks a U.S. News ranking but is ranked 54th by FT. ESSEC is well-regarded for its focus on innovation and entrepreneurship, making it an attractive option for future business leaders.
EMLyon (France)
EMLyon provides an 11-month MBA program at a competitive cost of $43,300. Although it is unranked by U.S. News, it holds the 57th place in the FT rankings. Known for its entrepreneurial spirit, EMLyon attracts students eager to start their own ventures.
Erasmus University Rotterdam (Netherlands)
Erasmus University’s Rotterdam School of Management offers a one-year MBA program with a tuition of $70,700. It lacks a U.S. News ranking but is ranked 61st by FT. The program is renowned for its strong emphasis on global business and sustainability, preparing students for the challenges of modern business environments.
Conclusion
Most affordable MBA programs: Investing in an MBA is a major decision, but with these affordable options, students can gain a world-class education without the hefty price tag. Each of these schools offers unique strengths, from strong alumni networks to innovative curricula, ensuring that students can find a program that aligns with their career goals. Consider these most affordable MBA programs as you chart your way toward a successful future in business.