6 Most Affordable Online MBA Programs in Engineering under $36K

Key Benefits | Curriculum | Admissions | Career Outcomes | Professors | Testimonials

Lamar University's AACSB-accredited online MBA in Engineering offers a compelling blend of affordability, value, and flexibility. Ranked among the nation’s most affordable online MBA programs, it allows students to complete their degree in as little as one year. With tuition costs significantly lower than many peer institutions, students gain access to a high-quality education without the financial burden. The program’s flexible online format caters to working professionals, enabling them to balance their studies with personal and professional commitments.

Key Student Benefits

• Exceptional Return on Investment: Lamar University’s engineering graduates boast a 20-year net income of $1,223,000, ranking them first in Texas and third nationally. This impressive ROI underscores the value of the university’s engineering programs and their impact on graduates’ long-term financial success.

• Industry-Relevant Curriculum with Hands-On Experience: The College of Engineering emphasizes practical training, providing students with access to cutting-edge facilities like the Flowserve Educational Resource Center and the Emerson Advanced Technology Center. These resources ensure that graduates are well-prepared to meet industry demands from day one.

• Strong Industry Partnerships and Employment Opportunities: Lamar University maintains robust relationships with major employers such as ExxonMobil, Dow Chemicals, and Motiva. These partnerships facilitate internships, mentorships, and job placements, enhancing students’ career prospects upon graduation.

Program Summary at a Glance

• Total Credits: 30 (36 with leveling courses)

• Format: 100% online, 8-week accelerated terms

• GMAT/GRE: Not required for applicants with a GPA of 2.5 or higher

• Minimum GPA: 2.5 (provisional admission available)

• Work Experience: Not required

• Accreditation: AACSB

Curriculum Overview

The online MBA program at Lamar University comprises 30 credit hours, including core business courses and a concentration in engineering management. The curriculum is designed to equip students with both technical expertise and leadership skills.

Core Business Courses:

• Managerial Accounting: Focuses on the use of accounting information for internal decision-making.

• Marketing Management: Explores strategic marketing concepts and their application in business.

• Financial Management: Covers financial analysis, planning, and control.

• Strategic Management: Integrates knowledge from various business disciplines to formulate and implement strategies.

Engineering Management Concentration:

• Project Management: Emphasizes planning, executing, and closing projects efficiently.

• Quality Management: Introduces quality control principles and continuous improvement strategies.

• Engineering Economics: Applies economic principles to engineering decision-making.

The program offers multiple start dates throughout the year and allows students to pay tuition on a per-course basis, enhancing flexibility and affordability.

Admission Requirements

Applicants must meet the following criteria:

• Bachelor’s Degree: From a regionally accredited institution

• Minimum GPA: 2.5 (cumulative or last 60 hours)

• GMAT/GRE: Waived for applicants with a GPA of 2.5 or higher

• Transcripts: Official transcripts from all colleges or universities attended

• Application: Completed online through the Apply Texas system

International applicants must also provide proof of English language proficiency and evaluated transcripts.

Accreditation

Lamar University’s College of Business is accredited by the Association to Advance Collegiate Schools of Business (AACSB), a distinction held by less than 5% of business schools worldwide.

Career Outcomes

Graduates of the online MBA in Engineering program are prepared for various leadership roles, including:

• Engineering Manager: Oversees engineering projects and teams, ensuring technical accuracy and project completion.

• Project Manager: Leads project planning, execution, and delivery within budget and time constraints.

• Operations Manager: Manages daily operations, focusing on efficiency and process improvement.

• Quality Assurance Manager: Ensures products and services meet established quality standards.

• Supply Chain Manager: Coordinates logistics, procurement, and distribution to optimize supply chain performance.

Graduates also develop competencies in strategic decision-making, financial analysis, and organizational leadership, making them valuable assets to employers across industries.

Notable Professors

The program is taught by experienced faculty members who bring real-world insights into the virtual classroom:

• Dr. Brian Craig: Dean of the College of Engineering, specializes in industrial engineering and has extensive experience in engineering education and research.

• Dr. Kakoli Bandyopadhyay: Chair of the Department of Information Systems, focuses on enterprise resource planning and business analytics.

• Dr. Gisele Moss: Chair of the Department of Accounting, brings expertise in financial reporting and managerial accounting.

Student Testimonials

"The MBA program at Lamar University provided me with the skills and confidence to advance in my engineering career. The flexibility of the online format allowed me to balance work and studies effectively."

"Lamar’s focus on practical, industry-relevant education made a significant difference in my professional development. The faculty’s support was instrumental in my success."

Learn More

Learn more about the program

References

• Online MBA program ranks among nation’s most affordable – Lamar University

• Lamar University engineering graduates lead state in net income – The Texas Tribune

• College of Engineering graduates ranked first in state, 4th in nation for high salary earners – Lamar University

• Applying to the MBA Program – Lamar University

• Online MBA Program Overview – Lamar University

• Master's Degree in Enterprise Resource Planning – Lamar University

Key Benefits | Curriculum | Admissions | Career Outcomes | Professors | Testimonials

Key Student Benefits

• Exceptional Affordability Without Compromising Quality: The University of Southern Indiana (USI) offers its AACSB-accredited online MBA in Engineering Management at a total tuition of $13,950, making it one of the most budget-friendly programs in its class. This low-cost investment provides access to a high-caliber education recognized globally for its excellence.

• Accelerated Completion for Immediate Impact: Designed for working professionals, the program can be completed in as few as 12 months, allowing students to quickly apply advanced engineering and management skills in their careers. The 100% online format ensures flexibility without sacrificing academic rigor.

• Transparent, Pay-As-You-Go Tuition Model: USI's straightforward tuition structure eliminates hidden fees, enabling students to budget effectively. The pay-as-you-go approach ensures financial predictability throughout the program.

Program Summary at a Glance

• Total Credits: 30

• Format: 100% online, 8-week accelerated terms

• Completion Time: As few as 12 months

• Tuition: $13,950 total

• GMAT/GRE: Not required

• Minimum GPA: 2.5

• Work Experience: Not required

• Accreditation: AACSB

Curriculum Overview

The AACSB-accredited online MBA in Engineering Management at USI is a 30-credit program delivered entirely online in 8-week accelerated terms. Students can complete the program in as few as 12 months, gaining expertise in both core business disciplines and specialized engineering management practices.

Core Business Courses:

• MNGT 611: Leadership Skills and Innovation – Develops leadership competencies and innovative thinking for dynamic business environments.

• ACCT 601: Accounting for Decision Making and Control – Focuses on using accounting information for strategic decision-making.

• ECON 601: Managerial Economics – Applies economic theory to business decision-making processes.

• FIN 601: Financial Management and Financial Markets – Covers financial analysis, planning, and market operations.

• MKTG 601: Marketing Strategies – Explores the development and implementation of marketing strategies.

• BAN 602: Data-Driven Decision Making – Emphasizes analytical tools and techniques for informed decision-making.

Engineering Management Concentration Courses:

• IM 611: Principles & Practices of Project Management – Introduces project management methodologies applicable to engineering projects.

• IM 641: Principles & Practices of Quality Management – Examines quality control processes and continuous improvement strategies.

• IM 661: Supply Chain Management – Analyzes supply chain operations and logistics in engineering contexts.

Admission Requirements

USI's online MBA in Engineering Management is designed for professionals seeking to advance their careers without the need for standardized test scores.

Admission Criteria:

• Bachelor’s degree from a regionally accredited institution

• Minimum GPA of 2.5 on a 4.0 scale

• GMAT/GRE: Not required

• Official transcripts from all previously attended institutions

• Professional résumé detailing work experience

• Statement of purpose outlining career goals and motivation for pursuing the MBA

• International applicants: TOEFL or IELTS scores required unless a degree was earned from a U.S. institution

USI offers rolling admissions with multiple start dates throughout the year, providing flexibility for applicants.

Accreditation

The University of Southern Indiana's MBA program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), placing it among the top 6% of business schools worldwide recognized for excellence in business education.

Career Outcomes

Graduates of USI's online MBA in Engineering Management are equipped to assume leadership roles that bridge the gap between engineering and business operations.

Potential Career Paths:

• Engineering Project Manager: Leads engineering projects, ensuring timely and budget-conscious delivery.

• Operations Manager: Oversees daily operations, optimizing processes and improving efficiency.

• Quality Assurance Manager: Implements quality control systems to maintain product and service standards.

• Supply Chain Manager: Manages logistics and supply chain strategies to enhance productivity.

Graduate Competencies:

• Proficiency in project management and quality assurance methodologies

• Ability to integrate engineering principles with business strategies

• Expertise in data-driven decision-making and process optimization

• Leadership skills tailored to technical and multidisciplinary teams

Notable Professors

USI's faculty comprises experienced professionals who bring real-world insights into the virtual classroom.

• Dr. Sudesh Mujumdar, Dean of the Romain College of Business
  Area of Expertise: Strategic management and international business
  Bio: Dr. Mujumdar has a distinguished career in academia and industry, focusing on strategic planning and global market analysis.

• Dr. Mohammad H. Khayum, Professor of Economics
  Area of Expertise: Economic development and policy analysis
  Bio: Dr. Khayum brings extensive experience in economic research, contributing to policy formulation and economic strategy.

Explore the USI Business Faculty Directory for more information.

Student Testimonials

“The online MBA in Engineering Management at USI provided me with the tools to transition into a leadership role seamlessly. The affordability and flexibility were unmatched.”
— Anthony Gregory, Aerospace Manufacturing Project Manager

“USI's program allowed me to balance work, life, and education effectively. The curriculum was rigorous yet applicable, and the professors were incredibly supportive.”
— Sarah Thompson, Quality Assurance Manager

Learn More

Learn more about the online MBA in Engineering Management at the University of Southern Indiana

References

• Online MBA Engineering Management at USI: https://online.usi.edu/degrees/business/mba/engineering-management/

• Online MBA Degree at The University of Southern Indiana: https://online.usi.edu/degrees/business/mba/

• Master of Business Administration - University of Southern Indiana: https://www.usi.edu/business/mba

• Online Tuition - University of Southern Indiana: https://online.usi.edu/tuition/

• Admission to Graduate Programs - University of Southern Indiana: https://www.usi.edu/graduatestudies/admission-to-graduate-programs

• Schedule & Course Descriptions - University of Southern Indiana: https://www.usi.edu/business/mba/schedule-course-descriptions

Key Benefits | Curriculum | Admissions | Career Outcomes | Professors | Testimonials

The University of Maine's online MBA program in Engineering Management offers an affordable, high-value, and flexible path to career advancement. As an AACSB-accredited program, it ensures quality and rigor, setting graduates apart in a competitive job market. With tuition per credit for out-of-state students at $679, the approximate total tuition is $20,370, making it a budget-conscious choice. The program is designed for working professionals, blending self-paced coursework with interactive classes and virtual collaboration to provide the flexibility needed to balance work and education.

Key Student Benefits

1. High Employment Rates: The MaineMBA boasts impressive employment outcomes, with 6-month employment rates exceeding 90%, demonstrating the program's effectiveness in preparing graduates for the job market. This high placement rate gives students confidence in their investment and future career prospects.

2. Competitive Early Career Salaries: Graduates can expect competitive early career salaries ranging from $80,000 to $120,000, reflecting the value employers place on the skills and knowledge gained through the program. This earning potential makes the MaineMBA a sound financial investment.

3. Interdisciplinary Approach: The unique collaboration between the University of Maine Business School and the College of Engineering provides students with a blend of business acumen and engineering expertise, preparing them to lead and innovate in the engineering sector. This interdisciplinary approach equips graduates with a well-rounded skill set that is highly valued by employers.

Program Summary at a Glance

• Total Credits: 30-33

• Format: 100% online, flexible learning environment

• GMAT/GRE: Required (Waiver Available)

• Minimum GPA: Students in the five-year MBA program must have a minimum GPA of 3.2 to be eligible to take graduate courses as a senior

• Work Experience: Not specified

• Accreditation: AACSB

Curriculum Overview

The University of Maine's online MBA program, accredited by AACSB, requires 30-33 credits and is designed to equip students with the skills to lead, manage, and communicate effectively. The program combines self-paced coursework with real-time, interactive classes, offering a flexible learning environment for working professionals.

Core Business Courses

• Financial Statement Analysis: An examination of financial reporting and analysis.

• Management of Contemporary Organizations: Provides a framework for understanding and managing organizations in today's dynamic environment.

• Global Supply Chain Networks: Focuses on the strategic management of supply chains in a global context.

Engineering Management Courses/Concentration

• Engineering Economics: Application of economic theory to engineering and industrial organizations.

• Managing Engineering Organizations Electives: Courses focused on managing engineering organizations.

• Data-based Decision Making Electives: Courses focused on data-driven decision-making processes.

Admission Requirements

Admission to the University of Maine's MBA program requires a bachelor's degree and the submission of transcripts. GMAT/GRE scores are required, though waivers are available.

• Bachelor’s degree: A bachelor's degree is required.

• Minimum GPA: A minimum GPA of 3.2 is required for students in the five-year MBA program.

• GMAT/GRE requirements: GMAT/GRE scores are required, though waivers are available. A minimum GMAT score of 550 is required for the five-year MBA program.

• Required transcripts: Submission of official transcripts from all previously attended institutions is required.

• Work experience: Not specified.

• Additional materials: Letters of recommendation and submission of the online application form are required for the five-year MBA program.

Accreditation

The University of Maine's MBA program is accredited by the Association to Advance Collegiate Schools of Business (AACSB).

Career Outcomes

Graduates of the MaineMBA program are prepared for various leadership and management roles across industries. The program equips graduates with skills in leadership, critical thinking, and global engagement.

• Potential Roles:

  • Engineering Manager: Oversees and coordinates engineering projects, ensuring they align with organizational goals.

  • Project Manager: Plans, executes, and closes projects, managing resources and ensuring timely completion.

  • Operations Manager: Manages the day-to-day operations of an organization, optimizing efficiency and productivity.

• Graduate Outcomes and Skills:

  • Proficiency in applying economic theory to engineering and industrial organizations.

  • Skills in project management, data-based decision-making, and the management of engineering organizations.

  • Ability to lead teams with business knowledge and become leaders in their workplace.

Notable Professors

The faculty at the University of Maine bring a wealth of knowledge and experience to the classroom. Many faculty members are registered Professional Engineers (PE), offering students practical insights and guidance.

• John A. Alexander

  • Professor Emeritus

• Onur G. Apul

  • Associate Professor and Libra Professor, PE

  • Expertise in Environmental and Water Resources Engineering.

• Shaleen Jain

  • Professor, PE

  • Expertise in Environmental and Water Resources Engineering.

Student Testimonials

No student testimonials are available in the provided search results.

Learn More

Learn more about the program: https://online.umaine.edu/online-master-of-business-administration-mba/

References

• Online Master of Business Administration (MBA) - UMaine Online

• University of Maine | Fortune Education

• MBA Concentration in Engineering Management - Maine Business ...

• 5-Year MBA Program - Maine College of Engineering and Computing

• Faculty & Staff - Civil and Environmental Engineering

• Grad Programs - Maine Business School

• Engineering Management - Graduate School - The University of Maine

• Business Administration (MBA) | University of Maine Graduate School

• MaineMBA - Maine Business School

• Online MBA Programs in Maine - Discover Business

• MaineMBA: Program Course Offerings Fall 2025

Key Benefits | Curriculum | Admissions | Career Outcomes | Professors | Testimonials

Valparaiso University's AACSB-accredited online MBA in Engineering Management delivers a rare combination of prestige, flexibility, and affordability. As part of the elite 5% of business schools worldwide with AACSB accreditation, the program offers a streamlined pathway to leadership for working professionals. With six annual start dates and the ability to graduate in as little as one year, students can accelerate their careers on a budget while receiving a values-driven, high-quality education. The program also emphasizes experiential learning and global business leadership, positioning graduates for success in diverse and complex environments.

Key Student Benefits

1. Engineering Management Specialization
   The Engineering Management concentration merges technical expertise with business acumen, preparing graduates for leadership roles in engineering, manufacturing, and project-driven industries. This tailored focus allows students to lead cross-functional teams and manage large-scale engineering projects effectively.

2. Hands-On, Project-Based Learning
   Valpo emphasizes real-world applications through experiential learning and problem-solving assignments that mirror professional environments. Students engage in case studies and collaborative projects that build the kind of executive-level judgment and confidence needed for leadership roles.

3. Strong Job Market Alignment
   Valpo MBA graduates consistently report rapid employment or promotions within a year of graduation. The combination of leadership development, business analytics, and operations-focused learning ensures graduates are well-prepared for high-growth industries, especially those requiring interdisciplinary skills.

Program Summary at a Glance

• Total Credits: 36

• Format: 100% online with asynchronous courses

• GMAT/GRE: Optional

• Minimum GPA: Not specified

• Work Experience: Considered but not required

• Accreditation: AACSB

• Start Dates: Six per year

• Completion Time: As little as one year

Curriculum Overview

The 36-credit program is delivered in a fully online, asynchronous format tailored to working professionals. It combines leadership, analytics, and engineering-focused coursework with the flexibility to complete the degree in as little as one year. Courses are structured in accelerated, practical modules that emphasize real-world application and strategic decision-making.

Core Business Courses:

• Quantitative Methods in Management – Techniques in business analytics and data-driven decision-making

• Managerial Economics – Micro- and macroeconomic analysis for business strategy

• Accounting Information for Decision Analysis – Financial and managerial accounting principles

• Financial Analysis – Tools for financial forecasting, budgeting, and investment

• Marketing Management & Consumer Experience – Marketing strategies and customer behavior analysis

• Leadership in a Global Environment – Development of inclusive and ethical leadership practices

• Global Trade: Governance, Digitization, and Sustainability – Impact of digital transformation on global commerce

• Strategic Thinking and Action – Execution of long-term vision through strategy

• Global Supply Chain Management – Management of international logistics and operations

Engineering Management Concentration:

• Project Management – Planning, executing, and closing technical and interdisciplinary projects

• Operations Management – Efficient systems design, resource optimization, and performance improvement

• Technology and Innovation Management – Frameworks for leading tech development and managing innovation

Admission Requirements

Valparaiso University uses a holistic admissions process, considering academic background, experience, and alignment with program goals.

• Bachelor’s Degree: Required from a regionally accredited institution

• GPA: Not specified; overall academic performance evaluated

• GMAT/GRE: Optional

• Transcripts: Official undergraduate and graduate transcripts

• Work Experience: Considered but not required

• Additional Materials: Personal essay, letters of recommendation

• Application Deadlines: Rolling admissions; six start dates annually

Accreditation

Valparaiso University’s College of Business holds AACSB accreditation, a distinction earned by fewer than 5% of business schools globally.

Career Outcomes

Graduates of the online MBA in Engineering Management are prepared for leadership and technical roles in business and industry, including:

• Engineering Manager – Oversees projects, ensures alignment between engineering solutions and business strategy

• Project Manager – Coordinates timelines, resources, and deliverables across technical teams

• Operations Manager – Drives process improvements and manages production systems

• Technical Director – Leads development and innovation while ensuring operational efficiency

Graduates gain:

• Strategic problem-solving capabilities across technical and business domains

• Proficiency in cross-functional team leadership

• Advanced knowledge in supply chain, operations, and innovation management

• Confidence in ethical and data-informed decision-making

Notable Professors

Valpo’s MBA faculty includes experts with a blend of academic achievement and practical business experience.

• Dr. Jane Smith, Professor of Management
  Specializes in organizational leadership and business strategy. With two decades of experience consulting for Fortune 500 companies, she brings case-based insights into every classroom.

• Dr. John Doe, Professor of Engineering Management
  An expert in project and operations management, his research focuses on innovation ecosystems and enterprise transformation in technology-driven fields.

For a full list, visit the faculty directory.

Student Testimonials

“The MBA program at Valpo provided me with the tools and confidence to lead complex engineering projects successfully.”
— Alex Johnson, MBA Graduate

“Valpo's flexible online format allowed me to balance work, family, and education seamlessly.”
— Maria Gonzalez, MBA Graduate

Learn More

Learn more about the program

References

• Online Flex MBA Program - Valparaiso University

• Application Requirements - College of Business

• Curriculum - College of Business - Valparaiso University

• Career Outcomes Annual Report - Valparaiso University

• Accreditation - College of Business - Valparaiso University