Earning a Master of Business Administration, or MBA can lead to some significant career benefits, including salary and job positions. However, with the costs of earning this degree over $70,000 at some universities in New York State, the degree can seem financially out of reach. Here, you can learn more about some universities in New York where an MBA can be earned in a cost-effective manner.
Affordable MBA Programs in New York State
SUNY - Oswego
One affordable option is to earn an MBA at the State University of New York (SUNY) - Oswego. For full-time, in-state students in the 2018-2019 school year, the graduate tuition was $5,545 per semester, and out-of-state students paid $7,425. Graduate teaching assistantships and diversity fellowships can further assist with tuition costs. Within the program, students can focus their MBA program on public accounting, business administration, or health services administration. Courses can be taken online or on two different campuses. MBA classes are small, with an average of 20 students per class. A yearly alumni symposium provides networking opportunities. To apply, students should submit transcripts with an undergraduate G.P.A. of 2.6 or higher. GMAT scores should also be provided, with 500 as a minimum score. Other items to submit include a resume, a business essay, and three recommendations.
University of Albany
The University of Albany also offers an affordable MBA option. Full-time New York residents paid $7,425 per semester in 2018-2019, while out-of-state graduate tuition was $12,195. The full-time MBA program offers six concentrations, including cybersecurity and business analytics. All first-year students engage in a program called Going Green Globally (G3), where they spend a week working in collaborative teams to solve business problems. Second-year students can engage in field projects, research, or mentorship opportunities. Applicants should provide transcripts, GMAT scores, three recommendations, and a goal statement.
University of Buffalo
The University of Buffalo offers an MBA which may be considered affordable in the state. In 2018-2019, New York residents had a tuition rate of $14,700 per year, while those who are out-of-state residents paid $24,680. Scholarships and assistantships are also available to defray costs. Various MBA concentrations are available, including healthcare management and management consulting. Buffalo offers the Corporate Champions program as a component of first-year core courses. In this program, students work in teams to develop an enterprise project with a defined corporate enterprise. Students can also develop core leadership competencies through the Leadercore program. Applicants should provide the results of GMAT or GRE tests, two recommendations, a personal statement, resume, and transcript.
At Mercy College, in Dobbs Ferry, students can work towards their MBA in an affordable manner. Mercy College tuition for its MBA program is $891/credit for the 2018-2019 school year. However, students have the opportunity to significantly reduce the number of credits required for their MBA by participating in the MBA turbo program, which is an intensive one-month program after which students can test out of many MBA prerequisite courses. MBA students can focus on several areas, including marketing and organizational leadership. Students should provide transcripts and a resume, while the GMAT is optional.
SUNY - New Paltz
Suny - New Paltz provides an affordable MBA program. Tuition for full-time and in-state MBA students is $7,425 per semester in 2018-2019, while out-of-state tuition costs are $12,195. All students participate in a non-credit business workshop, which covers topics of ethics and professional writing. Students have the opportunity to participate in a business plan contest or internship in place of one elective. Applicants should provide transcripts, and a minimum 3.0 GPA is recommended; and GRE scores above 300 or GMAT scores above 450. Other application requirements include 3 letters of recommendation, a statement of objectives, and basic quantitative and writing skills.
Earning an MBA requires the completion of a set of core business management classes, and several electives to further hone management skills. Here, learn more about some common MBA courses.
Accounting for Managers
Managers in business organizations must understand financial statements and other financial information. This course may introduce future managers to cost concepts and the interpretation of performance management systems. The utilization of this information in making management decisions may be covered.
This course may provide insight into how executives make corporate financial decisions. Topics may include capital projects, capital markets, and working capital management. Students may also come to understand the allocation of corporate resources and various financial instruments.
Supply Chain Management
Supply chains regulate the flow of materials, information, and money over networks. This course may provide an introduction to the design, management, and optimization of supply chains throughout the world. Students may learn about supply chain strategy formation, interorganizational planning, outsourcing, and supply chain information technology.
An auditing course will provide an overview of advanced principles in this discipline. Some issues considered may be the audit process, electronic/computer auditing, and fraud detection. The professional responsibilities of an auditor could be a significant portion of the course.
The manipulation, analysis and modeling of large data sets have become a crucial business skill. In this course, students may learn to develop a data warehouse; and use that information for clustering, classifying, and associating types of data. Specific statistical software may be utilized. The use of data analysis for business purposes may be promoted through case studies, examples, and projects using large data sets.
An MBA is an excellent degree for professionals interested in a wide range of business careers. It can be achieved at several affordable schools in the state of New York.