Best Graduate Business Degrees of 2023-2024

The last decade has seen an increase in graduate business degree programs, including more than just the MBA. According to the Graduate Management Admissions Council (GMAC), specialized master’s degrees in business have gained ground, particularly among younger, less experienced candidates. GMAC’s 2022 Application Trends Survey found that applications to business master’s programs were up 3.2 percent year-on-year in the weighted sample of programs that responded to both this year’s and last year’s surveys.

Recent graduates and young professionals are exploring various graduate business degrees in 2023-2024. Some of these programs can be completed in as little as a year and for a fraction of the tuition of an on-campus MBA program. Yet they still lead to careers with high average salaries and a promising job outlook.

Getting a graduate business degree is one of the most lucrative decisions a person can make. But it also takes careful planning and consideration: which degree is the right one for you? To get the details on the best graduate degrees of 2023-2024, read on.

Methodology

In selecting the best graduate business degrees for 2023-2024, we used a mix of the following criteria:

• Authoritatively Sourced: The data points below have been pulled from the Bureau of Labor Statistics (BLS) and the General Management Admissions Council (GMAC).
• Online Pedigree: Practically every university has some experience with online learning due to the Covid-19 pandemic. However, the highlighted programs below have a proven track record of innovation and experience in online education.
• High Salary Potential: The careers associated with the degrees below all have a high median salary of $100,000 per year.
• High Growth Potential: The BLS significantly revised its growth forecasts for the labor market after the COVID-19 pandemic, with the national average rate of growth for all professions now only 3 percent. Still, the degrees listed below lead to careers that outperform the average.

Please note that all median annual salaries (May 2022) and projected growth figures (2022-2032) are from the US Bureau of Labor Statistics—the latest data available as of November 2023.

Master’s of Business Administration (MBA)

The MBA is still the king: according to GMAC research, it’s the most popular graduate business degree program. As a generalist degree, those earning their MBA can enter a wide range of business careers.

The core curriculum of an MBA program supplies a critical foundation of business knowledge in areas such as accounting, marketing, human resources, finance, strategy, and management; concentrations allow MBA candidates to add further specialization in their area of interest. MBA graduates often earn high salaries and enter leadership roles within their field.

• Affiliated careers: General and operations managers, top executives, HR managers, marketing managers, and financial managers
• Median annual salary (May 2022): $98,100 (general and operations managers)
• Projected growth nationally (2022-2032): 4 percent (general and operations managers)

University of North Carolina Kenan-Flagler Business School

The MBA programs at UNC Kenan-Flagler are consistently ranked as some of the best in the world, and its AACSB-accredited online MBA was ranked best in the world for 2023 by US News and World Report.

In addition to the core curriculum, candidates can select from over two dozen elective options and add a concentration in data analytics and decision-making; entrepreneurship; finance; management and leadership; marketing; or strategy and consulting. The program consists of 62 credits and includes two in-person Summits. These two in-person Summits are immersive experiences held in cities around the world and on campus in Chapel Hill.

The curriculum includes core courses such as analytical tools for decision-making; business communication; business strategy; leading and managing; strategic economics; and financial accounting, among others. Electives include advanced consulting skills and frameworks; business modeling; corporate financial strategy; corporate strategy; global supply chain management; and introduction to entrepreneurship, among many others.

Applicants to the program must hold a bachelor’s degree from an accredited college or university and have at least two years of professional experience.

• Location: Chapel Hill, NC
• Accreditation: Southern Association of Colleges and Schools Commission on Colleges (SACSCOC); Association to Advance Collegiate Schools of Business (AACSB International)
• Format: Online or Hybrid
• Expected Time to Completion: 18-36 months
• Estimated Tuition: $125,589.06 total tuition

Featured Professor: Arvind Malhotra, PhD
Dr. Arvind Malhotra is the H. Allen Andrew Distinguished Professor of Strategy and Entrepreneurship at UNC Kenan-Flagler. He received his PhD in business administration and MS in industrial and systems engineering from the University of Southern California. Dr. Malhotra also earned a BE in electronics and communications engineering from the University of Delhi.

His research is focused on crowdsourced innovation as a method of solving complex societal problems. He has consulted, conducted applied research with, or led executive development projects for the US Air Force, the US Navy, ExxonMobil, Sprint, ESPN, and others.

Other Programs of Note:

• Indiana University Kelley School of Business (Online MBA)
• Carnegie Mellon University Tepper School of Business (Online Hybrid MBA)

Master’s in Management

Originating in Europe, the master’s in management (MiM) degree is designed to help recent undergraduates jumpstart their careers in business leadership. MiM programs typically last no more than a year; other graduate-level management courses, such as an MS in management (MSM) or quantitative management (MSQM), may hew to their own timelines.

But graduate degrees in management generally require less work experience and less tuition than their MBA counterparts, making them an attractive option for young business professionals just beginning their careers.

• Affiliated careers: Sales managers, HR managers, and administrative services managers
• Median annual salary (May 2022): $130,600 (sales managers)
• Projected growth nationally (2022-2032): 4 percent (sales managers)

New York University Stern School of Business

NYU Stern’s online master of science in quantitative management (MSQM) is open to applicants of any undergraduate major and level of work experience. The degree provides graduates with a forward-thinking blend of business management foundations, leadership, and analytics. The classes are delivered online, asynchronously, with students attending two immersive four-day residencies on campus. The program consists of 33 credits.

The curriculum includes courses such as R programming for data; statistical modeling; probability and statistics; databases for business analytics; decision models & analytics; data science and predictive analytics; corporate strategy; business strategy; marketing; microeconomics; and collaboration, conflict & negotiation, among others.

• Location: New York City, NY
• Accreditation: Middle States Commission on Higher Education (MSCHE); Association to Advance Collegiate Schools of Business (AACSB International)
• Format: Online with two in-person residential immersions
• Expected Time to Completion: 20 months
• Estimated Tuition: $72,600 total program cost

Featured Professor: Harry G. Chernoff, PhD
Dr. Harry G. Chernoff is the deputy chair of the department of technology, operations, and statistics at NYU Stern School of Business, where he is also a clinical professor of real estate and operations management. He received his MS in quantitative analysis, his PhD in operations management, and his BS in management from Stern School of Business.

Dr. Chernoff has been a faculty member at Stern for over 30 years and earned numerous honors and awards for his excellence in teaching. Dr. Chernoff teaches in the part-time Langone MBA Program, the full-time MBA Program, and numerous executive MBA programs. He teaches or has taught courses such as operations analytics; real estate development and entrepreneurship; competitive advantage from operations; operations in real estate development; operations management; and management science.

Other Programs of Note:

• University of Illinois Urbana-Champaign Gies College of Business (Online Master’s in Management)
• George Washington University School of Business (Online Master of Science in Management)

Master of Science in Marketing

A master of science (MS) in marketing is a specialized degree program for those committed to marketing as a career. Usually lasting only a year, these are high-paced and focused programs that cover branding, consumer behavior, market research, product management, and public relations. Increasingly, MS in marketing programs are including data analytics as a key component of their curricula.

Graduates of these programs go on to positions of marketing leadership positions in a wide range of industries.

• Affiliated careers: Marketing managers, marketing analysts, and marketing specialists
• Median annual salary (May 2022): $140,040 (marketing managers)
• Projected growth nationally (2022-2032): 7 percent (marketing managers)

Florida International University College of Business
 
The MS in Marketing program from FIU Business offers a curriculum that considers digital, branding, and analytics in every course. Along the way, students will earn certifications in Google Analytics, Tableau, and Lean Six Sigma. Graduates will be ready to launch careers as marketing managers, digital media specialists, and social media directors. The program consists of 30 credits.

The curriculum includes courses such as marketing management in the global environment; integrated marketing communication; buyer psychology and behavior; marketing research; social media marketing; marketing analytics; brand management; special topics in marketing – omnichannel marketing; and digital marketing strategies.

Applicants to the program must have a bachelor’s degree with a minimum GPA of 3.0 along with three years of work experience (or a minimum score of 500 on the GMAT or equivalent score on the GRE).

• Location: Miami, FL
• Accreditation: Southern Association of Colleges and Schools Commission on Colleges (SACSCOC); Association to Advance Collegiate Schools of Business (AACSB International)
• Format: Online
• Expected Time to Completion: 10, 16, or 20 months
• Estimated Tuition: $27,500 total

Featured Professor: Yi Ju Chen, PhD
Dr. Yi Ju Chen is a teaching professor in the department of marketing and logistics at FIU Business. She earned her MBA from California State University, San Bernardino, and her DBA from Argosy University. She also completed her BBA from Eastern Washington University.

Dr. Chen’s research is focused primarily on consumer behavior and international marketing, and she teaches marketing courses at both the undergraduate and graduate levels. She teaches or has taught courses such as tools for managing marketing information; special topics in marketing; marketing management in the global environment; marketing strategy; marketing channels; and introduction to marketing.

Other Programs of Note:

• University of Texas Dallas Naveen Jindal School of Management (Online Master of Science in Marketing)
• University of Colorado Denver Business School (Online Master of Science in Marketing)

Master of Science in Finance

A graduate degree in finance is for business professionals seeking to advance in finance-centric careers: financial advisors, financial analysts, financial managers, and insurance underwriters. These programs build upon the undergraduate study of finance, going more in-depth than an MBA program would and preparing graduates to earn the Chartered Financial Analysts (CFA) credential.

Within this degree, some specialization exists: beyond the MS in finance, there is the MS in quantitative finance (MSQF), the MS in risk management (MSRM), and the MS in financial analysis (MSFA).

• Affiliated careers: Financial managers, financial analysts, financial advisors, and insurance underwriters
• Median annual salary (May 2022): $139,790 (financial managers)
• Projected growth nationally (2022-2032): 16 percent (financial managers)

Boston University Metropolitan College

The online master of science in financial management (MSFM) program at BU’s Metropolitan College gives students specialized education in global finance, including investment analysis and international finance. Students may choose to add a concentration in either international finance or investment analysis. Applicants to the program must have an earned bachelor’s degree in any field from a regionally accredited college or university.

Metropolitan College is a participant in the CFA Institute University Affiliate Program, which acknowledges that the MSFM curriculum adequately prepares students for the CFA exam. The program consists of 40 credits. Upon acceptance, CFA Charterholders may waive two courses, including corporate finance and one elective course, enabling students to earn their degree by completing just 32 credits.

The curriculum includes courses such as financial and managerial accounting; financial regulation and ethics; quantitative methods for finance; corporate finance; financial markets and institutions; mergers and acquisitions; and investment analysis and portfolio management.

• Location: Boston, MA
• Accreditation: New England Commission of Higher Education (NECHE); Association to Advance Collegiate Schools of Business (AACSB International)
• Format: Online
• Expected Time to Completion: 18 to 24 months
• Estimated Tuition: $955 per credit

Featured Professor: Irena Vodenska, PhD
Dr. Irena Vodenska is a professor of finance at Boston University’s Metropolitan College, where she is also director of finance programs. She earned her MBA from Vanderbilt University and her PhD in econophysics (statistical finance) from Boston University. She has also earned her BS from the University of Belgrade.

Dr. Vodenska’s research primarily focuses on network theory and complexity science in macroeconomics. As a principal investigator (PI) for Boston University, she has won interdisciplinary research grants awarded by the European Commission and the National Science Foundation. At Boston University, she teaches or has taught courses such as financial concepts; financial regulation and ethics; financial markets and institutions; derivative securities and markets; investment analysis and portfolio management; corporate finance; and multinational finance and trade.

Other Programs of Note:

• University of Southern California Marshall School of Business (Master of Science in Finance)
• Ohio State University Fisher College of Business (Specialized Master in Finance)

Master of Science in Technology Management

A graduate degree in technology management, engineering management, or information technology allows graduates to take on leadership roles in tech-oriented business teams.

These degree programs are generally for those with STEM backgrounds who want to add business fundamentals; some programs may reverse the order of operations and cater to business professionals who want to learn more about the nuances of leading a tech organization. Graduate degrees in technology management can lead to lucrative careers at the top of the tech industry, with high salaries to match.

• Affiliated careers: Computer and information systems managers, engineering managers, and cybersecurity managers
• Median annual salary (May 2022): $164,070 (computer and information systems managers)
• Projected growth nationally (2022-2032): 15 percent (computer and information systems managers)

Columbia University School of Professional Studies

Columbia University’s executive master of science in technology management program gives new tech graduates the strategic and tactical skills they need to become leaders in their field. Students in this program can study online from anywhere in the world, along with regular in-person multi-day residencies in New York City.

The program focuses on implementing and leveraging new tech, developing managerial and communication skills, and anticipating and adapting to emerging trends within the industry. Electives cover topics such as cybersecurity strategy; enterprise information security; raising capital; and modern database architecture. The program consists of 36 credits.

• Location: New York, NY
• Accreditation: Middle States Commission on Higher Education (MSCHE)
• Format: Online and on-campus residencies
• Expected Time to Completion: 16 to 24 months
• Estimated Tuition: $2,536 per credit

Featured Professor: Alexis Wichowski
Dr. Alexis Wichowski is the program director of the MS and the Executive MS in technology management program at Columbia University, where she is also a professor of professional practice. She is also an affiliate faculty with Columbia’s School of International & Public Affairs, where she’s been teaching as an adjunct for over a decade.

Dr. Wichowski holds a PhD in information science from SUNY Albany and a BA in Chinese from Connecticut College. Her public service work focuses on technology in agency communications, government, and technology policy.

Other Programs of Note:

• University of Southern California Viterbi School of Engineering (Online Master of Science in Engineering Management)
• Georgetown University School of Continuing Studies (Online Master of Professional Studies in Information Technology Management)