Earning an online bachelor’s degree in business management gives you the skills to handle complex issues in nearly any field. Students learn to oversee staff, create budgets, allocate resources, and manage projects. The degree also offers the flexibility and convenience that many people prefer while in school. Many working professionals pursue a bachelor’s degree to increase their earning potential and open the door to more promising career paths. This page explores the benefits of earning an online business management degree and provides salary and job outlook information. Our guide also details program expectations, including typical curriculum and coursework concentrations. Finally, prospective students can learn about financial aid and scholarships, as well as the importance of accreditation for bachelor’s degree in business management programs.
Deciding which college to go to is no easy task, so ACO evaluated more than 3,500 colleges to give you the information you need to make the search more manageable. Our 2018 college rankings are based on statistical data from trusted sources, eligibility criteria and various ranking factors
Each college must be located in a state (US territories and Washington DC were excluded)
Each college must have at least one online program 1
Several individual data points were objectively evaluated to calculate a score for each ranking factor listed above. For affordability, the most impactful data points were tuition2 and grants; for quality, graduation and acceptance rates; for flexibility, part-time enrollment options; and for program, degrees granted in that specific program area. Each score was then weighted, with affordability being the most highly weighted factor for all ACO rankings.
1 Best Vocational Programs included data for both online and campus programs.
2 Both in-state and out-of-state tuition rates were used in our methodology; however, our rankings tool currently only displays in-state rates.
A dash in our Rankings Tool indicates IPEDS data was not available.
Tuition displayed in in-state and per year unless stated otherwise.
Although the best program for each person varies depending on individual needs, our list compiles the top business management programs available online. We evaluated each school on this list based on a variety of factors, including cost of tuition, graduation rates, and availability of online courses. Prospective students can use our list of school rankings to help identify some of their top choices.
How Much Can You Make in a Business Management Career?
Earning a bachelor’s in business management leads to careers in areas like marketing, human resources, operation management, entrepreneurship, and retail management. The leadership, management, and business skills you gain while earning this degree online can translate to nearly any industry. Every organization needs people to help it operate more efficiently. The Bureau of Labor Statistics projects between 7% to 27% job growth by 2026 for the business management-related occupations listed below. Additionally, individuals pursuing these occupations receive competitive salaries, with annual wages from around $60,000 to well over $100,000. No degree guarantees a specific career or salary, but in this section you will find some typical careers pursued by business management graduates.
Training and development managers help organizations improve the knowledge and skills of their employees. They plan, coordinate, and oversee educational and professional development and training programs for staff. They also prepare and manage budgets and work with managers from other departments. They need leadership, business, critical-thinking, and instructional skills. They often supervise instructional designers, instructors, and program developers.
Management analysts help organizations become more efficient and profitable. They often work as consultants and gather information, interview staff, analyze data, and recommend new procedures. Many management analysts specialize in a topical area, like reorganizing corporate structure, or in an industry, such as healthcare.
Operations research analysts help a variety of organizations operate more efficiently. They use analytical and mathematical methods to help organizations solve complex problems and make better decisions. They also weigh the costs and benefits of potential solutions and make recommendations to managers based on their research.
Market research analysts help companies sell specific products and services by researching the market. They create methods such as surveys, focus groups, and opinion polls for collecting consumer data. They use statistics to analyze complicated data, create reports and deliver findings, and forecast sales trends.
Human resources specialists recruit workers, maintain employee records, and handle benefits and employee relations. They also ensure that their companies meet all local, state, and federal employment regulations.
Sources: BLS 2018
People in the same occupation do not all earn the same salary or experience the same rate of job growth. Wages may vary because of experience level, credentials, job tasks, job performance, and industry or employer. Where you live can also substantially impact your job opportunities and how much you expect to make. Some states and metropolitan areas offer much better opportunities for specific occupations, including more job openings and higher average salaries. Research the best geographical locations for your desired occupation and consider moving for a promising job. The list below shows the salaries and job growth data for training and development managers in all states.
What Courses Can be Taken for an Online Business Management Degree?
The curriculum for an online business management bachelor’s program typically features coursework in principles of management, business communication, business ethics, and business strategy. Students also explore issues like finance, information technology, business administration, human resource management, and marketing. The sample curriculum below includes descriptions of typical courses that business management majors often take. Courses vary by school, so students should contact programs directly to learn about specific courses, electives, and degree requirements.
Students learn to use economic theory to understand managerial decision making. The course explores issues like cost analysis, production, supply and demand, economic efficiency, and business policies.
This course examines marketing from a business perspective and helps learners understand how to use marketing theory to make businesses run more efficiently. Students investigate topics like consumer behavior, channels of distribution, marketing research, and marketing management.
Management Science and Operations Management
This class introduces some of the most popular models of management science for making business decisions. Students learn about resource allocation, decision making for managers, and operations and production management.
Students receive an introduction to finance. They learn to use capital and determine the financial needs of businesses. The course investigates financial policy and financial decision making from a business management perspective.
Ethical Decision-Making in Business
Students explore business ethics and learn to recognize the ethical problems they may face. They examine employee privacy, environmental issues, layoffs, employee whistleblowing, and discrimination. Students use case studies to develop their own responses to common ethical issues in business.
How to Choose the Best Online Business Management Program
Choosing the best online business management program requires you to consider a variety of factors, including school reputation, types of degrees available, program length, cost, accreditation status, and faculty. The perfect school for one student is not necessarily the best option for another student. The following question and answer section addresses some of the most frequently asked questions about choosing the right online bachelor’s in business management program.
How will a bachelor’s in business management help me reach my goals?
Earning a business management bachelor’s degree can help you build a management career in nearly any field. Many positions prefer to hire candidates with a bachelor’s, and working professionals with related experience can move into leadership positions by earning their degree. The benefits of earning a degree include the networking opportunities and career assistance available through most business management programs.
How does a business management internship work with an online degree?
Some business management online bachelor’s programs require students to complete an internship to gain real-world experience in the field before they graduate. You might wonder how this process works in an online program. Most of the time, students set up their own in-person internship at an organization in their local community. Some schools help students locate potential internship sites. In some cases, you may get the chance to complete an internship online.
What strategies should I use in choosing my business management courses?
The curriculum for a bachelor’s in business management is usually posted online. Review the available courses and think about what business development topics most interest you. Make sure to take note of the required core classes, options for electives, and any experiential learning opportunities like internships. If a specific area of business management interests you, find out if you can add a concentration or minor in that topic
What skills will I learn in a business management program?
Students pursuing an online business management degree gain skills in decision making, project management, entrepreneurship, and leadership. Students also become knowledgeable in the foundations of business theory and practice, including an understanding of topics like economics, finance, marketing, supply and demand, and risk. Different programs emphasize different focus areas and skill sets, so make sure the program you choose covers the skills you need to meet your academic and career goals.
How long does it take to earn a bachelor’s in business management?
Full-time students usually take about four years to complete a bachelor’s in business management. Some online programs offer fast-track options that let you finish your degree more quickly. Transfer students who already hold an associate degree may be able to earn a their degree in just two years. When choosing your program, pay attention to how many credits you can take each term and the availability of required courses throughout the year.
Scholarships & Financial Aid for Business Management Programs
Almost everyone pursuing a bachelor’s degree today needs to apply for some type of financial aid to help pay for their education. Fortunately, students can apply for a wide variety of financial aid. Most students prefer scholarships and grants because they do not require repayment.
The Marketing EDGE offers business students numerous scholarships ranging from $1,000 to $7,000. Applicants must hold a minimum 3.0 GPA and demonstrate an interest in the field of marketing. Students must currently be enrolled in an undergraduate program in the U.S. and participate in at least one Marketing EDGE program. The group chooses winners based on academic performance and demonstrated interest in marketing.
DECA helps students become leaders in fields like marketing, management, and hospitality. DECA’s scholarship program distributes more than $300,000 to college DECA members each year. A variety of corporate partners help fund the scholarships, including Marriott International, Publix, and Hilton Worldwide. Each scholarship includes its own applicant requirements. Scholarship amounts vary but start at $1,000.
After College, Inc. is an online platform that connects students to professionals through online career networks. They offer a $500 scholarship to students working towards a degree in business at any level. Applicants must hold a minimum 3.0 GPA and submit a variety of educational, work, and personal details. After College, Inc. has given out more than $1,000,000 to students.
This $2,000 scholarship from the lawn care company GreenPal provides support to an undergraduate business student each year. Winners receive four payments of $500. Applicants must hold a minimum 3.5 GPA and be currently enrolled as a high school senior or a business school student at an accredited institution. They must also demonstrate an interest in entrepreneurship. The application opens in January each year.
RentDeals.com offers this $1,000 scholarship to students majoring in business. Applicants must be currently enrolled in a business program at a regionally accredited institution and hold a minimum 3.0 GPA. Students must also submit a resume and letter of recommendation.