Most Affordable MBA Programs In The World

When one receives a Master of Business Administration degree from a prestigious or accredited university, that person is determined to aim higher to receive a professional status and a multinational deal with a well-known company of their choice. Either you are figuring out to get into a highly-acclaimed MBA program that is not only an affordable option for you to get into but also allows you to live up to that professional standard through a challenging route. At amber, we will guide you through the why and what makes the difference in your career path through these most affordable MBA programs.

Benefits of Pursuing MBA Programs

For an advancement in one's career, pursuing an MBA Program can expand your horizon for multiple reasons. It not only builds up the confidence to explore the managerial opportunities in the marketability of any corporate sector or arena but also makes it a popular reason why students are keen to pursue the most affordable MBA programs to make a job offer with a higher payout. 

About 94% of the students get solid offers after becoming an MBA graduate, and when you are a part of any of the affordable MBA programs, then these advantages might benefit you the most:

1. Top Class Awareness in Global Market: When it comes to pursuing these most affordable MBA programs, a proper understanding of the global market influences any student, which will help him to expand his horizon of success rate.
2. Improves Interpersonal Skills: While being a graduate student, one's communication skills might not be carved with a sharp knife, but pursuing these most affordable MBA Programs guides one to up-skill his soft and hard skills in a directly proportional manner. It's no less important to understand the P & L model and construct ourselves in honing verbal and written communication. 
3. Job Opportunities with High Return: With successful yet affordable MBA programs, employers take a stand in hiring MBA graduates and offer them promising careers like a promotion because of their experiences in finance and marketing topics. This results in job opportunities with high returns.
4. Entrepreneurship & Time Management: If you have a creative mind, then an MBA program will give you a head start in building your startup career from scratch. On the other hand, Time management is a valuable skill for any company and is an in-demand benefit that one improves and adopts while pursuing a career in MBA. 

Documentation for the Most Affordable MBA Programs

Documentation for any program is nowhere different to that of any MBA course; we suggest you have these required documents for all of the most affordable MBA programs across the globe. Keeping these all in mind will assure your application to proceed further for inspection. Documents for most affordable MBA Programs majorly consist of:

1. Transcripts and bachelor’s degree certified copy.
2. Copy of your resume or CV.
3. Valid identification (Passport or ID card) with a passport-size photograph.
4. Two recommendation letters through a familiar academic advisor in your contact.
5. Universities mostly see video or written essays. It allows the admissions committee on how you are motivated to join the MBA program. ‍
6. MBA Application requires a non-refundable fee that processes the application for any applicant further into the program.

Top 5 Most Affordable MBA Programs:

Winning the most cost-effective MBA program allows you to access a plethora of benefits for various factors that can produce a rail of skill sets, resulting in motivation. We have listed out some of the cheapest yet most affordable MBA programs that come right up at your fingertips:

1. Missouri State University College of Business

Region: Springfield, MO
Acceptance Rate: 88%
Duration: 1-2 years (full-time) & 2-3 years (part-time)
Tuition Fees: $13,325 /academic year
Total Credits: 30
Students Enrolled: 400

Eligibility Criteria: 

1. Have earned a 3.25 cumulative GPA score (This point waives off GMAT).
2. Must have professional work experience & reach minimum English proficiency requirements (TOEFL).

With an enrolment of 330 students per year, Missouri State University College of Business issued one of the most affordable MBA programs with high returns in getting accepted to top accredited companies like AT&T, IBM, and Apple. One can apply after submitting a graduate application, official transcripts, resume and official GRE/GMAT scores. This most cost-effective MBA at Missouri will ease your options for pursuing the most cost-effective MBA Programs.

2. Louisiana Tech University

Region: Ruston, Los Angeles
Acceptance Rate: 89%
Duration: 2 years (full-time)
Tuition Fees: $8,900 /academic year
Total Credits: 30
Students Enrolled: 140

Eligibility Criteria:

1. Applicants must have a 3.2 minimum GPA to waive off their GMAT or GRE requirements or must have a GMAT score of 450.
2. Undergraduates must have at least a 2.75 GPA in general.

Louisiana Tech University offers a full-fledged experience in management and business level. This one of the most affordable MBA programs at LTU, Los Angeles, aims to craft your business disciplines by integrating management traits into your skills professionally. LTU is one of the most cost effective MBA programs that one can get easily into. Especially in LA, any student can live with a rich culture, in this university with the best affordable MBA program in the US.

3. Memorial University of Newfoundland

Region: NL, Canada
Acceptance Rate: 66%
Duration: 2 years (full-time)
Tuition Fees: CAD 22,200 /academic year
Total Credits: 30
Students Enrolled: 130

Eligibility Criteria:

1. A minimum CGPA of 2.75 out of 4.0 grade point must be there as an undergraduate.
2. Applicants must have a GMAT score of 550 or a GRE score of 302.
3. Should have two years of full-time work experience.
4. For English proficiency, a minimum IELTS of 7.0 & TOEFL score of 580.

One of the best affordable MBA Programs in Canada can be pursued from Memorial University of Newfoundland. Its objective is to introduce students to how developing decision-making skills can enable them to analyse operations at businesses. With a moderate acceptance rate,one can easily get into this university with the most affordable MBA programs.‍

4. EU Business School

Region: Barcelona, Spain
Acceptance Rate: 75% to 80%
Duration: 1 year (full-time) or two years (part-time)
Tuition Fees: €7,500 /academic year
Total Credits: 90 ECTS
Students Enrolled: 3000
Intake Month: October, January, & March

Eligibility Criteria:

1. Applicants must have a minimum of 3.0 GPA out of a 4.0 scale.
2. A score of 653 to 711 on GMAT/GRE will allow you to move to the interview round.
3. An English proficiency test with a minimum score of 6.5 in IELTS and 176 in TOEFL is necessary.

EU Business School is looking out for those MBA students who are keen to examine and analyse all the business prospects to develop an entrepreneurial skill set. Along with a high acceptance rate, one can get into these most affordable MBA Programs that are also the cheapest MBA Programs in Spain.

5. University of Victoria

Region: British Columbia, Canada
Acceptance Rate: 63%
Duration: 16 months
Tuition Fees: $55,342 /academic year
Total Credits: 30
QS Ranking: 251

Eligibility Criteria:

1. Students can apply who have at least a minimum of three years of work experience.
2. In the last two years of any degree, one needs to get a minimum of a 'B' average.
3. A score of 550 on the GMAT or GRE should be achieved.
4. For English language proficiency, a score of 6.5 on IELTS and 90 on TOEFL is required.

University of Victoria in British Columbia accepts students at a good acceptance rate to study Daytime and Weekend MBA, depending on your preference. It is one of the most affordable MBA programs in Canada that manages to allow students with the least minimum qualifications.