Earning an MBA is a significant commitment that can command significant returns. MBA graduates can potentially earn substantially higher salaries than students without graduate degrees (as well as many who earn other kinds of graduate degrees.) An MBA also opens channels to career paths and opportunities for advancement that might not have been available otherwise. The financial commitment of pursuing a graduate education can pose a significant challenge for prospective MBA students. Luckily, there are many cost-effective programs out there in cities like Philly.
The Most Affordable Philadelphia MBA Programs
Rohrer College of Business Rowan University
At $31,028 for both residents and non-residents, Rohrer College definitely has one of the most reasonably-priced programs in Philly metro. The program requires 36 credit hours (or nine classes.) Students take nine core classes geared to develop their backgrounds in general management. The required core classes push students to cultivate a well-rounded foundation, where elective students allow students to tailor their education to their specific career goals. The curriculum includes three elective courses, which students can use to declare a specialization. Motivated students also have the option of pursuing both a specialization and a concentration, with three extra classes.
La Salle University
La Salle’s total cost can be as low as $34,530, depending how many credits students choose to take. La Salle has a unique program, structured into five main components: Foundation, Core, Specialization, Executive Perspectives and the Integrative Capstone. The Foundation classes hone students’ knowledge of business theory and their ability to apply this knowledge to real-world situations. The Core courses promote a practical understanding of financial management, accounting and marketing. Students are required to choose a Specialization in either Accounting, Business Systems and Analytics, Finance, General Business Administration, Marketing or Management. The Executive Perspectives aspect of La Salle’s program focuses on nurturing students’ leadership skills. The Integretive Capstone segment allows students to integrate knowledge from the other four parts of the program as they gain an education in competitive strategy.
Lerner College University of Delaware
University of Delaware’s Lerner College costs non-residents $48,000 and Delaware natives $36,000. This price is certainly not unreasonable considering that, according to the school, nearly half of Lernger graduates report a starting salary of over $90,000 per year. Lerner also boasts professional partnerships with prestigious institutions like JPMorgan and Bloomberg and KPMG. The Lerner curriculum includes 29 required course credits and 15 credits of electives. Students can major in Business Analytics, Entrepreneurial Studies, Finance, Healthcare Management or Strategic Leadership.
Haub School of Business St. Joseph’s University
The Professional MBA at Haub totals $52,159, about half the cost of the priciest programs in Philly metro. In addition to the relatively manageable cost, Haub offers its students significant flexibility. Students have the option of an evening program at Haub’s Philadelphia main campus, which allows students to continue their educations without neglecting their daily obligations. Additionally, students can take a fully online program wherein they can complete courses at their convenience from home. Students who prefer a combination of online and on-campus courses can also tailor their schedules to include both.
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