MBA programs are most often costly, and that is why anyone who wants to register for an MBA would search for the most affordable ones. If you’re in search of the universities with the cheapest MBA in Florida, then this article will definitely give you more information about them.
In this article, we’ve listed out 7 universities with the cheapest MBA programs in Florida. The exciting part about this is that most of these universities, along with having affordable MBA programs, also offer financial aid to students to help them with school bills, while some others offer part-time and online options for students to pick the ones that best suit them. Finding a low-cost MBA might be challenging but that should be the least of your worries because we’ve compiled 7 of the cheapest MBAs in Florida.
Cheapest MBA in Florida: What’s an MBA?
If you’re not new to the term MBA, I’m sure you may be wondering what an MBA is. A Master of Business Administration, or MBA, is a graduate degree that equips students for management and business positions. Courses are usually taken in management, marketing, accounting, finance and accounting.
Most MBA programs normally take 2 years to finish and for those who have work and family responsibilities, a lot of schools offer part-time or online options. When registering for an MBA program at any school, apart from checking for the affordability of the school’s tuition, you also need to check the accreditation status of the school’s MBA program.
Accreditation involves an external body assessing the school’s program to make sure that it meets standard requirements. The two most roundtable and well-recognized accreditation bodies in the U.S. are the Association of MBAs (AMBA) and the Association to Advance Collegiate Schools of Business (AACSB). There are lots of benefits to studying at a school that has been accredited, one of which is that when applying for jobs, employers are likely to work with you because they believe you went through a school that had excellent standards and gave you nothing but the best.
The Cheapest MBA in Florida
Here are some of the cheapest MBA in Florida
1. University of West Florida
The first university on our list of universities with the cheapest MBA in Florida is the University of West Florida. The University of West Florida is a public university located in Pensacola, Florida. The business department of the university offers one of the cheapest MBA programs in Florida.
The University of West Florida MBA program is highly sought after, especially for those looking for the cheapest MBA programs in Florida. One of the reasons it is highly sought-after is because the tuition is very affordable compared to other MBA programs.
The cost of tuition for the University of West Florida’s MBA program is not really fixed but it varies depending on the number of credits taken per semester and also whether you’re a resident of Florida or not. For locals or Florida residents, the tuition is $593 per credit hour for the MBA program, while for non-residents, the tuition is $977 per credit hour.
The University of West Florida MBA can be completed in 12 months and like most other MBA programs, it focuses on topics such as management, marketing, finance and information systems.
2. Florida International University
The Florida International University (FIU) is a public research university and it is one of the universities in Miami, Florida, that offers the cheapest MBA in Florida. The cost of the MBA program at Florida International University (FIU) is $482.50 per credit hour for those applicants residing in Florida and $966.50 per credit hour for those who are not residing in Florida.
Despite the affordability of the fees, Florida International University has also made provisions to help students financially, including scholarships, grants, and loans.
One unique fact about Florida International University is that it is focused on training students who are prepared to make an impact in the business sector all over the world through its Global Immersion Experience.
This involves giving students the opportunity to travel and study in different countries for two weeks and on this trip, they will visit well-recognized international companies and learn about the business culture in other countries. Not only that, but there is also provision for professional development workshops and seminars to help teach and train the students.
3. Florida Atlantic university
Florida Atlantic University (FAU) is one of the universities that has the cheapest MBA programs in Florida. It is also a public university that is located in Boca Raton, Florida. The cost of the Florida Atlantic University MBA program is $465 per credit hour for residents in Florida and $995 for out-of-state residents.
Florida Atlantic University, along with its offline MBA program, also runs an online program. This helps students who have work or family responsibilities complete their degree. There are also financial aid options like scholarships, grants and loans for students.
4. University of South Florida
The University of South Florida is a public research university located in Tampa, Florida. The University of South Florida offers both online and offline programs. In addition to its offline and online programs, the university also offers programs both part-time and full-time.
The tuition for the University of South Florida is $739 for Florida residents and $1,582 for out-of-state residents. For the part-time MBA program that is offered online, the cost per credit hour for Florida residents is $576 and for non-residents, the cost is $1,233.
5. The University of Tampa
The University of Tampa is another university on our list of universities with the cheapest MBA in Florida. The University of Tampa is located in Tampa, Florida. The university is a private university and its MBA program focuses on marketing, finance and international business. The program is very flexible, offering both part-time and full-time options for students to pick the one that best suits them.
The cost of the University of Tampa MBA program is $25,000. Although the tuition is quite higher than in other MBA programs in Florida, it is still considered affordable. Despite its slightly high tuition the University of Tampa also offers a number of scholarships and grants to help students who are not financially stable run the MBA program.
6. The Florida State University
Florida State University is the sixth university on our list of universities with the cheapest MBA programs in Florida. The Florida State University is a public research university located in Tallahassee, Florida. Just like other universities, Florida State University offers full-time, part-time, and executive programs. The cost of the Florida State University MBA program is $25,000. The university also offers scholarships and grants to students.
7. The University of Central Florida
The University of Central Florida is also one of the most affordable and cheapest MBA programs in Florida, with a tuition fee of about $13,000. The affordability of the University of Central Florida MBA programs has made them well known and highly sought-after. Despite the affordability of the tuition, the university is well known for its academic performance and high-quality education.
Cheapest MBA in Florida: Are MBA Programs Costly?
Are MBA programs costly? Yes! They are. The cost of tuition for two-year MBA programs can range from $40,000 to over $100,000. This shouldn’t scare you if you wish to enroll in an MBA program, because there are different ways to reduce the cost of tuition.
One way to do this is to apply for scholarships and grants; other options include assistantships or fellowships offered by some universities, which partially or completely pay for tuition. Student loans are another popular method used by students to pay for their MBAs. When making a choice, it’s very necessary for you to carefully weigh the program’s cost and your financing choices.
Cheapest MBA in Florida: MBA Requirements
It’s also essential to think about your qualifications before applying to MBA programs. Some of the MBA requirements include a bachelor’s degree with a minimum GPA of 3.0 from an authorized university. A few years of professional experience result from standardized tests like the GMAT or GRE.
Applications for MBA programs can be highly competitive, especially the cheapest MBA programs. You will be required to submit a personal statement or essay outlining your motivations for seeking an MBA. In addition to that, some schools will also ask for letters of recommendation from instructors or employers. A video interview or in-person interview would also be conducted at the end of the process.
It is very important that you are aware that applying for an MBA program is not easy. In your application process, it is advisable to take your time, follow instructions and pay attention to details. Starting your application may also be an added advantage.
In conclusion, in this article, we’ve been able to list out 7 universities with the cheapest MBA programs in Florida. These universities are well known not only for their cheapest MBA program in Florida but also for their high-quality education.
You must keep in mind that for you to be admitted into any of these universities, there are some requirements that you need to meet, as mentioned earlier. A bachelor’s degree is required; a personal statement, transcripts and two letters of recommendation are also needed.
Lastly, despite the affordability of the MBA programs at these schools, most of these schools have provisions like scholarships, grants, and loans to help students who are not financially stable pay their school bills. Some others also offer flexible programs like online programs and part-time programs, which would help students who have work and family responsibilities complete their degrees.