Most Affordable Internationally Accredited Program in New England
By Christine Gillette
UMass Lowell’s online master’s degree in business administration gets high marks for quality and value, according to a new national ranking by GetEducated.com.
UMass Lowell’s online MBA program is one of more than 400 reviewed by GetEducated.com in categories based on accreditation: regional, national and international. The Vermont-based consumer group objectively reviews and ranks online programs for cost, quality and credibility and provides the rankings at no cost to institutions as part of its online “Consumer Guide to MBAs.”
UMass Lowell ranks No. 27 on the list of online MBA programs considered “High-Quality Buys, All Under $20,000.” It is the only New England program to make the list. UMass Lowell was also rated the most affordable online MBA in the region in the last ranking by GetEducated.com.
UMass Lowell was considered among the 133 online MBA programs nationwide accredited by the international Association to Advance College Schools of Business (AACSB), considered the gold standard in business education.
In addition, UMass Lowell’s online MBA was ranked No. 9 overall in affordability for graduate business students nationwide.
The average cost nationally of an AACSB-accredited MBA is $32,926 annually. UMass Lowell “online learners will pay a remarkably low cost of just under $16,500 for this MBA,” GetEducated.com stated in its announcement of the 2010 rankings.
“Cost is the No. 1 factor that keeps working Americans from enrolling in higher education. The University of Massachusetts Lowell offers online learners nationwide a chance at a high-quality graduate business degree through distance learning at about half the cost of the national average. That’s great value,” says Vicky Phillips, founder of GetEducated.com.
“This kind of recognition clearly positions UMass Lowell’s online MBA program as a program of choice for those seeking a highly regarded degree,” says Gary Mucica, director of management graduate programs in the College of Management.
The University’s appearance on the Best Buy MBA ranking list indicates that it offers a high-quality online graduate business education at an affordable cost for learners locally as well around the country, according to GetEducated.com.
“Being recognized by GetEducated.com is a very important vehicle in attracting students looking for affordable online programs from an AACSB-accredited program. Our value attracts students who are paying for the program themselves and whose companies limit their annual tuition reimbursement,” says Mucica, explaining that most employers offer reimbursements no higher than $5,250, the federal limit before it becomes taxable income for employees.
The online MBA program is offered through the Division of Continuing Studies, Corporate and Distance Education; classes are taught by faculty from the College of Management.