Online MBA in Strategic Management Degree - Top 20 Programs of 2024

Get Matched With MBA in Strategic Management Programs

An online Master of Business Administration (MBA) in strategic management is crafted to equip you with advanced knowledge and skills in areas such as accounting, business economics, and operations management. This specialized MBA strategic management program allows you to dive deep into the strategic aspects of management, preparing you to make data-driven decisions and develop strategies that can steer a business toward success. Through a flexible and accessible online format, you can study at your own pace and still benefit from the same rigorous coursework as traditional on-campus programs.

Choosing the right online MBA program is essential, as the quality and relevance of your MBA can significantly influence your career trajectory. Rigorous program curriculums typically include a blend of core business principles and strategic management courses, which are essential in various leadership roles across industries.

An online MBA in strategic management prepares you for leadership and business strategy through a comprehensive curriculum.
Flexibility and customization are hallmarks of a quality online MBA program, fitting your unique schedule.
Effective online strategic management education can open doors to diverse career opportunities with competitive salaries.

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Top 20 Best MBA in Strategic Management Programs

University of Pennsylvania

Score: 93.25

Graduate Tuition
- In-State: $41,544
- Out-of-State: $41,544
Net Price: $26,123
Acceptance Rate: 7%
Retention Rate: 98%

Graduation Rate: 96%
Total Enrollment: 28,201
Undergrad Students: 11,250
Graduate Students: 16,951
Grads Salary: $94,000
Student-to-faculty: 8:1

Villanova University

Score: 85.87

Graduate Tuition
- In-State: $21,261
- Out-of-State: $21,261
Net Price: $34,837
Acceptance Rate: 23%
Retention Rate: 96%

Graduation Rate: 91%
Total Enrollment: 10,383
Undergrad Students: 6,989
Graduate Students: 3,394
Grads Salary: $91,000
Student-to-faculty: 10:1

University of Wisconsin-Madison

Score: 85.41

Graduate Tuition
- In-State: $10,728
- Out-of-State: $24,054
Net Price: $13,376
Acceptance Rate: 49%
Retention Rate: 94%

Graduation Rate: 89%
Total Enrollment: 48,956
Undergrad Students: 36,306
Graduate Students: 12,650
Grads Salary: $80,000
Student-to-faculty: 18:1

University of Chicago

Score: 84.92

Graduate Tuition
- In-State: $65,145
- Out-of-State: $65,145
Net Price: $36,991
Acceptance Rate: 5%
Retention Rate: 99%

Graduation Rate: 96%
Total Enrollment: 18,339
Undergrad Students: 7,595
Graduate Students: 10,744
Grads Salary: $82,000
Student-to-faculty: 5:1

Regis University

Score: 76.99

Graduate Tuition
- In-State: $14,573
- Out-of-State: $14,573
Net Price: $26,377
Acceptance Rate: 76%
Retention Rate: 72%

Graduation Rate: 67%
Total Enrollment: 4,668
Undergrad Students: 2,398
Graduate Students: 2,270
Grads Salary: $89,000
Student-to-faculty: 9:1

The University of Texas at Dallas

Score: 76.17

Graduate Tuition
- In-State: $15,088
- Out-of-State: $29,468
Net Price: $13,555
Acceptance Rate: 85%
Retention Rate: 87%

Graduation Rate: 70%
Total Enrollment: 31,570
Undergrad Students: 21,617
Graduate Students: 9,953
Grads Salary: $81,000
Student-to-faculty: 27:1

Tulane University of Louisiana

Score: 74.67

Graduate Tuition
- In-State: $63,814
- Out-of-State: $63,814
Net Price: $50,263
Acceptance Rate: 11%
Retention Rate: 93%

Graduation Rate: 87%
Total Enrollment: 14,027
Undergrad Students: 8,785
Graduate Students: 5,242
Grads Salary: $79,000
Student-to-faculty: 8:1

Temple University

Score: 74.29

Graduate Tuition
- In-State: $21,042
- Out-of-State: $27,555
Net Price: $23,935
Acceptance Rate: 80%
Retention Rate: 84%

Graduation Rate: 78%
Total Enrollment: 33,196
Undergrad Students: 24,106
Graduate Students: 9,090
Grads Salary: $73,000
Student-to-faculty: 12:1

University of South Carolina-Columbia

Score: 74.09

Graduate Tuition
- In-State: $13,374
- Out-of-State: $29,760
Net Price: $22,427
Acceptance Rate: 64%
Retention Rate: 90%

Graduation Rate: 78%
Total Enrollment: 35,653
Undergrad Students: 27,343
Graduate Students: 8,310
Grads Salary: $71,000
Student-to-faculty: 18:1

Siena College

Score: 72.73

Graduate Tuition
- In-State: $25,894
- Out-of-State: $25,894
Net Price: $30,842
Acceptance Rate: 80%
Retention Rate: 85%

Graduation Rate: 76%
Total Enrollment: 3,648
Undergrad Students: 3,516
Graduate Students: 132
Grads Salary: $77,000
Student-to-faculty: 13:1

The University of Alabama

Score: 72.11

Graduate Tuition
- In-State: $11,100
- Out-of-State: $32,400
Net Price: $20,592
Acceptance Rate: 80%
Retention Rate: 87%

Graduation Rate: 73%
Total Enrollment: 38,644
Undergrad Students: 32,458
Graduate Students: 6,186
Grads Salary: $71,000
Student-to-faculty: 19:1

Saint Mary's University of Minnesota

Score: 71.23

Graduate Tuition
- In-State: $12,222
- Out-of-State: $12,222
Net Price: $22,843
Acceptance Rate: 97%
Retention Rate: 78%

Graduation Rate: 65%
Total Enrollment: 4,133
Undergrad Students: 1,100
Graduate Students: 3,033
Grads Salary: $79,000
Student-to-faculty: 17:1

Hofstra University

Score: 71.14

Graduate Tuition
- In-State: $29,340
- Out-of-State: $29,340
Net Price: $35,036
Acceptance Rate: 69%
Retention Rate: 83%

Graduation Rate: 68%
Total Enrollment: 10,238
Undergrad Students: 6,110
Graduate Students: 4,128
Grads Salary: $81,000
Student-to-faculty: 13:1

The University of Texas at Arlington

Score: 71.05

Graduate Tuition
- In-State: $9,015
- Out-of-State: $23,507
Net Price: $14,262
Acceptance Rate: 81%
Retention Rate: 74%

Graduation Rate: 53%
Total Enrollment: 43,946
Undergrad Students: 30,791
Graduate Students: 13,155
Grads Salary: $81,000
Student-to-faculty: 24:1

California State University-East Bay

Score: 70.48

Graduate Tuition
- In-State: $7,176
- Out-of-State: $16,680
Net Price: $11,464
Acceptance Rate: 96%
Retention Rate: 75%

Graduation Rate: 46%
Total Enrollment: 13,673
Undergrad Students: 10,796
Graduate Students: 2,877
Grads Salary: $82,000
Student-to-faculty: 22:1

University of New Mexico

Score: 69.79

Graduate Tuition
- In-State: $6,287
- Out-of-State: $20,442
Net Price: $10,633
Acceptance Rate: 96%
Retention Rate: 72%

Graduation Rate: 52%
Total Enrollment: 21,953
Undergrad Students: 16,375
Graduate Students: 5,578
Grads Salary: $74,000
Student-to-faculty: 17:1

University of North Texas

Score: 68.49

Graduate Tuition
- In-State: $7,160
- Out-of-State: $14,720
Net Price: $15,283
Acceptance Rate: 79%
Retention Rate: 80%

Graduation Rate: 59%
Total Enrollment: 44,767
Undergrad Students: 33,023
Graduate Students: 11,744
Grads Salary: $70,000
Student-to-faculty: 23:1

George Fox University

Score: 67.94

Graduate Tuition
- In-State: $16,057
- Out-of-State: $16,057
Net Price: $28,840
Acceptance Rate: 92%
Retention Rate: 79%

Graduation Rate: 71%
Total Enrollment: 4,028
Undergrad Students: 2,531
Graduate Students: 1,497
Grads Salary: $71,000
Student-to-faculty: 15:1

Cal Poly Humboldt

Score: 66.53

Graduate Tuition
- In-State: $7,176
- Out-of-State: $16,680
Net Price: $14,325
Acceptance Rate: 98%
Retention Rate: 74%

Graduation Rate: 46%
Total Enrollment: 6,025
Undergrad Students: 5,461
Graduate Students: 564
Grads Salary: $72,000
Student-to-faculty: 15:1

Suffolk University

Score: 65.89

Graduate Tuition
- In-State: $35,860
- Out-of-State: $35,860
Net Price: $32,270
Acceptance Rate: 87%
Retention Rate: 76%

Graduation Rate: 60%
Total Enrollment: 6,734
Undergrad Students: 4,381
Graduate Students: 2,353
Grads Salary: $75,000
Student-to-faculty: 13:1

Exploring a Strategic Management MBA

Strategic management is about setting long-term goals and determining the best course of action to achieve these objectives. As a strategic manager, your key focus involves the thorough analysis of internal and external environments, recognizing the organization's capabilities, and aligning resources to execute plans effectively.

Typical courses in strategic management cover advanced skills such as:

Accounting: Essential for understanding financial implications of strategic decisions
Business Economics: Crucial for assessing economic environments and market trends

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Evolution of Strategic Management Principles

Over time, strategic management principles have transformed to adapt to changes in the global business landscape. Your strategic management degree will not only teach historical strategies but also the importance of innovation and flexibility in the planning process. It incorporates lessons learned from the past and integrates modern tools and methodologies.

To stay relevant, strategic management courses emphasize:

Operations Management: For maintaining efficient organizational practices
Competitive Analysis: An analytical approach to outmaneuver competition

Online MBA Strategic Management Programs Overview

An online MBA, or Master of Business Administration, is a graduate program designed to provide you with advanced skills in leadership and business management. Unlike traditional on-campus programs, an online MBA offers a flexible learning environment where you can access coursework and lectures digitally. Specializations, like strategic management or a strategic leadership concentration, cater to those aiming to harness strategic planning and critical thinking at an enterprise level.

Typically, these programs require the completion of core business courses along with electives focused on strategy.

Core Areas of Study	Credit Requirement	Program Duration
Financial Analysis, Marketing, Ethics, Leadership	Generally, 45-60 credits	1-2 years

Benefits of Pursuing an MBA Online

Choosing an online master’s program can offer you significant flexibility and potential cost savings.

Some benefits include:

Flexibility: You can balance your studies with personal commitments and continue working while earning your degree.
Diverse Specializations: From strategic management to finance, online MBAs provide a range of concentrations to fit your career goals.
Cost Effectiveness: While costs vary, online graduate programs can be more affordable than traditional MBA programs, though costs can range between $12,750 and $97,200.

Enrollment in an MBA in management can shape you into a leader who can strategically navigate complex business situations. Through a combination of online interaction and independent study, you'll become versed in the essentials of ethical management and decision-making.

Strategic Management MBA Admissions Process

Application Requirements

To apply for an MBA in strategic management, you must meet certain prerequisites:

Bachelor's Degree: A four-year bachelor’s degree from an accredited institution
Transcripts: Official transcripts from all undergraduate and, if applicable, graduate institutions attended
Resume: A current professional resume detailing your work experience
Letters of Recommendation: Typically, two or three letters are required, preferably from supervisors or academic instructors
Statement of Purpose: A clear and concise essay outlining your reasons for pursuing an online MBA in strategic management
GMAT/GRE Scores: Some programs may require standardized test scores, though many are waiving this requirement or offering test-optional admissions
English Proficiency: If you're a non-native English speaker, TOEFL or IELTS scores may be required

Selection Criteria

Your application will be evaluated on several elements:

Academic Record: Your GPA and the rigor of your previous coursework will be assessed
Professional Experience: Relevant work experience and managerial roles can enhance your application
Leadership Potential: Evidence of leadership, whether in your career or community activities, is a positive
Perspective and Diversity: Contributions to the diversity of the program and your unique perspective as it relates to strategic management will be considered
Interview Performance: Some programs might request an interview to gauge your communication skills and fit for the program

By diligently preparing your application to reflect these requirements and criteria, you improve your chances of being accepted into the online MBA program of your choice.

Understanding the Online Learning Environment

In pursuing an online MBA, you'll interact with a digital campus. The quality of your learning experience is dependent on the technological infrastructure you have in place and your ability to manage your time effectively.

Technological Requirements

To begin your online MBA, you’ll want to ensure that your computer meets the minimum system specifications required for an uninterrupted learning experience.

You'll likely need:

High-speed Internet: Essential for video lectures and interactive sessions.
Webcam and Microphone: For participating in live discussions.
Updated Software: An updated browser, PDF reader, and office suite to access course materials.
Specific Applications: Your MBA program may require specialized software for business simulations or analytics.

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Time Management and Self-Discipline

Time management and self-discipline are critical when you're studying for a strategic MBA online.

You must be able to:

Prioritize Tasks: Identify urgent assignments and allocate time accordingly.
Set a Schedule: Establish a consistent study routine to stay on track with coursework.
Avoid Procrastination: Regularly review and adhere to assignment deadlines.
Balance Commitments: Juggle academic work with personal and professional responsibilities.

By focusing on the technical setup and personal skills listed above, your journey through an online MBA program can be both challenging and rewarding.

Measuring MBA Program Effectiveness

When choosing an MBA, assessing the program’s effectiveness is crucial for ensuring that your investment in education pays off. This involves considering the program’s accreditation and reputation, in addition to the real-world success of its alumni.

Accreditation and Rankings

When evaluating a strategic management MBA, accreditation is a non-negotiable factor. Accreditation ensures that the program meets rigorous academic standards and provides quality education.

Look for accreditation from recognized bodies such as:

AACSB (Association to Advance Collegiate Schools of Business)
ACBSP (Accreditation Council for Business Schools and Programs)
IACBE (International Accreditation Council for Business Education)

Accreditation Body	Known For
AACSB	Academic excellence and a commitment to improvement
ACBSP	Teaching excellence and student learning outcomes
IACBE	Outcomes-based programs and business education quality

Rankings can also serve as a valuable indicator of a program's prestige and quality. While rankings should not be the sole factor in your decision, they can provide insight into a program’s:

Curriculum relevance:
Ensuring contemporary and applicable course content
Peer recognition:
The program’s standing within the academic and business community
Graduate outcomes:
Including employment rates and career advancements post-MBA

Potential Careers and Salaries for Graduates

Earning an MBA in strategic management can substantially elevate your career potential. You can navigate a wide array of job positions that command competitive salaries, benefitting from skills in analyzing market trends and crafting business strategies.

Job Titles and Career Paths

Management Consultant:
Advise companies on improving efficiency and profit
Business Development Manager:
Drive growth by identifying new opportunities
Strategic Planner:
Develop long-term business plans and strategies
Entrepreneur:
Launch and manage your own business ventures
Corporate Strategy Analyst:
Analyze and suggest improvements for business strategies

These positions require advanced skills in understanding and shaping market dynamics, competitive landscapes, and organizational goals. An MBA with a focus on strategic management equips you with the knowledge to oversee complex projects, lead teams, and make data-driven decisions.

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Future Career Growth and Development Prospects

Expected Salary Range:
The average salary for someone with an MBA in strategic management can vary based on location and experience. For instance, in October 2022, the average salary was reported around $89,000 per year.
Career Advancement:
With an MBA in strategic management, you can expect to move into higher management roles, such as Director of Strategy or Vice President of Strategic Planning.
Earning Potential:
Graduates from business schools in 2022 reported an increase of approximately $85,000 over pre-MBA salaries, highlighting the degree's impact on earning potential.

Your ability to advance in these careers often hinges on how you leverage the strategic skills and insights you have gained from your MBA. Continuous learning and adaptability in applying strategic management principles will be key to long-term career growth.

Frequently Asked Questions

What are the potential career outcomes for graduates with an MBA in strategic management?

With an MBA in this specialization, you can pursue high-level careers such as management consultant, strategic planner, and business analyst. These positions involve analyzing and developing business strategies to improve organizational efficiency and competitiveness.

How does an MBA in strategic management differ from an MBA in general management?

An MBA in strategic management focuses specifically on teaching you to craft and implement long-term organizational strategies, unlike a general MBA, which covers a broader scope of business management skills. The strategic management curriculum delves into advanced skills in competitive analysis, strategic planning, and decision-making.

What accreditation should I look for when selecting an MBA program in strategic management?

Look for programs accredited by recognized organizations such as AACSB (Association to Advance Collegiate Schools of Business), ACBSP (Accreditation Council for Business Schools and Programs), or IACBE (International Accreditation Council for Business Education). Accreditation ensures the program meets high standards of quality.

What kind of leadership skills are emphasized in an MBA with a concentration in strategic management?

In an MBA program with a strategic management focus, you'll hone leadership skills such as critical thinking, innovative problem-solving, and effective communication. These are crucial for leading teams and managing change within organizations.

What is the expected return on investment for completing an MBA in strategic management?

The return on investment (ROI) for this degree can be significant as it opens doors to higher-level positions and salary increases. However, the ROI will vary based on factors such as the cost of the program, the reputation of the institution, and the career advancement achieved after graduation.

Best Online MBA in Strategic Management Programs for 2024