As #14 on Chief Executive’s 2019 list of Best and Worst States for Business, #35 on the Forbes 2018 list of Best States for Business, and #41 on U.S. News and World Report’s Best States for Business Environment, whether Wyoming (WY) is a good state for business varies depending on criteria. On the positive side for Wyoming is the low tax burden and a reasonable cost of doing business in the state. Some factors resulting in lower rankings include a limited labor supply, a slow trickle of venture capital that is only half the national average, and a below average patent creation.
Major industries in Wyoming include mining, government, real estate, manufacturing, logistics, tourism, agriculture, energy, and engineering. While there are no Fortune 500 companies headquartered in Wyoming, major business influences in the state include Cloud Peak Energy, Ferrellgas, Walmart Distribution, Sierra Trading Post, Haliburton, and Wyoming Machinery.
Wyoming is currently offering major incentives for businesses looking to expand into the state. The state is matching public infrastructure upgrades up to 30 percent; funds for the purchase, construction, and installation of high-price projects of $5 or more; and shared collateral position loans for project development.
For current or future business professionals looking to tap into the business potential in Wyoming and connect with business networks in the state, choosing to earn an online MBA through universities with roots in Wyoming can be a powerful first step. Online MBAs are designed for working professionals who cannot relocate or stop working in order to expand and enhance business acumen. By providing flexibility around the “where” and “when” of learning, those who wish to catapult into leadership positions, become more effective in their current positions, or change their careers can do so in a way that fits into their current life schedules. Because online programs are taught by the same professors who teach on campus, online students receive the same quality of insight and instruction as on-campus learners.
For more information on the business school in Wyoming offering an online MBA, the possibility of studying in a hybrid format, and exceptional business professors, please keep reading.
Featured Online MBA Programs in Wyoming
The College of Business at the University of Wyoming offers two cohort-based, lock-step online MBA programs designed to prepare students to apply high-level business concepts in practical ways in a range of industries. In other words, these programs boast small class sizes with the same students throughout the degree and offer a set course sequence that must be completed without starting and stopping.
The general track online MBA is a 30-credit-hour program with coursework in financial accounting, business research methods, decision modeling, and the global business environment. UW also offers a 39-credit online MBA with an energy concentration for professionals who are in the energy industry. Students enrolled in energy MBA program complete three additional courses: supply chain management in the energy industry, energy finance: project evaluation, and the fundamentals of accounting in the energy industry.
GMAT scores are required to apply. GMAT waivers may be available for those with business or STEM degrees and a 3.0 GPA or higher, OR those with ten or more years of management experience. Although work experience is not required, UW’s program is competitive and five or more years of professional work experience are preferred. Students without a business or STEM degree or without three or more years of professional experience will need to prove proficiency in statistics, accounting, and economics.
|Location: Laramie, Wyoming|
|Accreditation: Association to Advance Collegiate Schools of Business (AACSB)|
|Expected Time to Completion: 23 months|
|Estimated Tuition: $827 per credit-hour|
Hybrid MBA Programs in Wyoming
Hybrid programs are those that combine the flexibility of completing coursework online with the opportunity to participate in on-campus or in-person experiences. This may occur in the form of the ability to take some courses online and opt in to some courses on campus. Universities also offer hybrid programming the form of intensives, residencies, capstones, or orientations.
At the time of this writing, the University of Wyoming is the only university in the state offering an MBA program. While they do offer on campus MBA programming, their model is cohort-based and dedicated to small class sizes. Online students interested in taking courses on campus may be able to negotiate taking brick-and-mortar courses on a case-by-case basis, but this is not an advertised component of this program.