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Where Exceptional Value Meets MBA Affordability: AACSB-Accredited Insurance MBA Programs from $11,630 to $20,000 in 2025

Top 10 Editor’s Picks for Affordable Online MBA Programs in Insurance under $20K

Our ranking of the top 10 online MBA Programs in Insurance for 2025 identifies programs that deliver exceptional value at an affordable tuition cost. We base our selection on comprehensive data analysis, key metrics (including tuition, graduate salary, and ROI), and expert editorial insight. These programs distinguish themselves through a strong combination of affordability, AACSB accreditation, academic quality, and impressive graduate career and financial outcomes.

Stephen F. Austin State University

Nelson Rusche College of Business

Location:

  • Nacogdoches

,

  • TX

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $11,630
  • Graduate Salary: $65,950
  • Graduate ROI: 467%
  • GMAT Required: Conditional
  • Avg. GMAT: 420
  • Student / Faculty Ratio: 18:1
  • Enrollment: 1802

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 14
  • Accounting
  • Communications
  • Corporate Finance
  • Economics
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Human Resources
  • International Business
  • Management
  • Marketing
  • Sports Management
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 38
  • National Rank: 483
  • Online Rank: 365
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Texas A&M University-Kingsville

College of Business Administration

Location:

  • Kingsville

,

  • TX

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

  • Tuition: $12,992
  • Graduate Salary: $65,600
  • Graduate ROI: 405%
  • GMAT Required: Conditional
  • Avg. GMAT: 470
  • Student / Faculty Ratio: 18:1
  • Enrollment: 1065

Degree Level(s):

  • MBA
  • ·
  • Undergraduate

Offered As:

  • Full-Time
  • Concentrations: 9
  • Accounting
  • Corporate Finance
  • Finance
  • General Business
  • Information Systems
  • Management
  • Marketing
  • Nonprofit
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 39
  • National Rank: 488
  • Online Rank: 323
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of Nebraska at Kearney

College of Business and Technology

Location:

  • Kearney

,

  • NE

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $13,293
  • Graduate Salary: $73,150
  • Graduate ROI: 450%
  • GMAT Required: No
  • Avg. GMAT: 490
  • Student / Faculty Ratio: 11:1
  • Enrollment: 718

Degree Level(s):

  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • Concentrations: 12
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Finance
  • General Business
  • Insurance
  • Management
  • Marketing
  • Product Management
  • Project Management
  • Supply Chain
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 4
  • National Rank: 440
  • Online Rank: 327
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

California State University, Bakersfield

School of Business

Location:

  • Bakersfield

,

  • CA

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $14,272
  • Graduate Salary: $78,600
  • Graduate ROI: 451%
  • GMAT Required: Yes
  • Avg. GMAT: 531
  • Student / Faculty Ratio: 19:1
  • Enrollment: 1584

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Full-Time
  • ·
  • Online
  • Concentrations: 8
  • Data Analytics
  • Finance
  • General Business
  • Human Resources
  • Insurance
  • Management
  • Marketing
  • Operations Management
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 44
  • National Rank: 372
  • Online Rank: 273
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Radford University

College of Business and Economics

Location:

  • Radford

,

  • VA

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $15,984
  • Graduate Salary: $91,600
  • Graduate ROI: 473%
  • GMAT Required: Yes
  • Avg. GMAT: 438
  • Student / Faculty Ratio: 12:1
  • Enrollment: 1026

Degree Level(s):

  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • Concentrations: 10
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Finance
  • General Business
  • Information Systems
  • Insurance
  • Management
  • Marketing
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 12
  • National Rank: 335
  • Online Rank: 243
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Frostburg State University

College of Business

Location:

  • Frostburg

,

  • MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $16,740
  • Graduate Salary: $83,700
  • Graduate ROI: 400%
  • GMAT Required: Yes
  • Avg. GMAT: 550
  • Student / Faculty Ratio: 8:1
  • Enrollment: 449

Degree Level(s):

  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Off Campus
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 12
  • Accounting
  • Corporate Finance
  • Economics
  • Entrepreneurship
  • Finance
  • Global Management
  • Hospitality Management
  • Human Resources
  • Insurance
  • International Business
  • Management
  • Marketing
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 5
  • National Rank: 254
  • Online Rank: 183
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of Houston-Downtown

Marilyn Davies College of Business

Location:

  • Houston

,

  • TX

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $18,623
  • Graduate Salary: $82,273
  • Graduate ROI: 342%
  • GMAT Required: Conditional
  • Avg. GMAT: 515
  • Student / Faculty Ratio: 25:1
  • Enrollment: 5188

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 13
  • Accounting
  • Corporate Finance
  • Finance
  • General Business
  • Global Management
  • Human Resources
  • Information Systems
  • Insurance
  • International Business
  • Management
  • Marketing
  • Organizational Behavior
  • Supply Chain
  • Best in:
  • Rankings
  • City Rank: 5
  • State Rank: 26
  • National Rank: 373
  • Online Rank: 274
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Indiana State University

Scott College of Business

Location:

  • Terre Haute

,

  • IN

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $19,000
  • Graduate Salary: $82,000
  • Graduate ROI: 332%
  • GMAT Required: Yes
  • Avg. GMAT: 685
  • Student / Faculty Ratio: 18:1
  • Enrollment: 1093

Degree Level(s):

  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 10
  • Accounting
  • Corporate Finance
  • Education
  • Finance
  • General Business
  • Information Systems
  • Insurance
  • Management
  • Marketing
  • Operations Management
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 3
  • National Rank: 76
  • Online Rank: 46
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Weber State University

John B. Goddard School of Business & Economics

Location:

  • Ogden

,

  • UT

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $19,908
  • Graduate Salary: $84,900
  • Graduate ROI: 326%
  • GMAT Required: No
  • Avg. GMAT: 540
  • Student / Faculty Ratio: 17:1
  • Enrollment: 1694

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Off Campus
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 14
  • Accounting
  • Corporate Finance
  • Data Analytics
  • E-Commerce
  • Economics
  • Entrepreneurship
  • Finance
  • General Business
  • Information Systems
  • Insurance
  • Management
  • Marketing
  • Supply Chain
  • Taxation
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 4
  • National Rank: 225
  • Online Rank: 159
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Texas Woman's University

College of Business

Location:

  • Denton

,

  • TX

Control: Public

Academic Year:

Accredited: AACSB

Accreditation: Business

  • Tuition: $20,000
  • Graduate Salary: $79,925
  • Graduate ROI: 300%
  • GMAT Required: No
  • Avg. GMAT: 536
  • Student / Faculty Ratio: 17:1
  • Enrollment: 1970

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Online
  • Concentrations: 9
  • Accounting
  • Data Analytics
  • Entrepreneurship
  • General Business
  • Healthcare Administration
  • Hospitality Management
  • Human Resources
  • Insurance
  • Marketing
  • Best in:
  • Rankings
  • City Rank: 1
  • State Rank: 23
  • National Rank: 334
  • Online Rank: 242
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Compere 68 AACSB-Accredited Insurance MBAs with Tuition Under the $39,892 National Average

Compare your many options using this sortable table of 68 AACSB-accredited MBA Insurance programs with tuition under the national average of $39,892.

Sort programs using Rank, Tuition, Starting Salary, and ROI. Find the program(s) that offers the best potential return for your budget. Click on any school name to view a comprehensive school profile.

Rank University In State TuitionAvg. Starting SalaryROIStateOnline
1 University of North Georgia $9,846 $56,500 474.00%GAYes
2 University of Nebraska at Kearney $13,293 $73,150 450.00%NEYes
3 Youngstown State University $13,500 $64,400 377.00%OHYes
4 California State University, Bakersfield $14,272 $78,600 451.00%CAYes
5 University of South Dakota $14,892 $47,553 219.00%SDYes
6 University of South Florida $14,955 $55,714 273.00%FLYes
7 Universidad Ana G. Mendez - Gurabo $15,000 $60,752 305.00%PRNo
8 Missouri State University $15,108 $62,400 313.00%MOYes
9 Eastern Kentucky University $15,264 $42,450 178.00%KYYes
10 Radford University $15,984 $91,600 473.00%VAYes
11 University of Montevallo $16,140 $61,950 284.00%ALYes
12 Frostburg State University $16,740 $83,700 400.00%MDYes
13 University of North Alabama $16,830 $60,000 257.00%ALYes
14 Appalachian State University $17,463 $63,285 262.00%NCYes
15 University of North Florida $17,767 $62,014 249.00%FLNo
16 The University of Akron $17,872 $61,400 244.00%OHYes
17 University of Arkansas at Little Rock $18,071 $63,300 250.00%ARYes
18 University of Houston-Downtown $18,623 $82,273 342.00%TXYes
19 Florida State University $18,693 $56,545 202.00%FLYes
20 Indiana State University $19,000 $82,000 332.00%INYes
21 Weber State University $19,908 $84,900 326.00%UTYes
22 Texas Woman's University $20,000 $79,925 300.00%TXYes
23 Illinois State University $20,050 $76,900 284.00%ILNo
24 University of Southern Maine $20,370 $87,535 330.00%MEYes
25 Sam Houston State University $21,147 $69,200 227.00%TXYes
26 Ball State University $21,197 $76,400 260.00%INYes
27 University of Nevada, Las Vegas $21,784 $93,820 331.00%NVYes
28 Saint Xavier University $22,500 $96,302 328.00%ILNo
29 The University of Iowa $23,453 $112,820 381.00%IANo
30 Winthrop University $23,508 $60,000 155.00%SCYes
31 Prairie View A&M University $23,699 $60,500 155.00%TXNo
32 University of Cincinnati $23,996 $87,013 263.00%OHYes
33 Northern Arizona University $24,640 $68,100 176.00%AZYes
34 State University of New York College at Oneonta $25,064 $81,000 223.00%NYNo
35 California State University, Sacramento $25,260 $76,000 201.00%CAYes
36 The University of Mississippi $25,914 $60,977 135.00%MSYes
37 Minnesota State University Moorhead $26,220 $85,000 224.00%MNYes
38 University of South Carolina $26,485 $97,819 269.00%SCNo
39 Middle Tennessee State University $26,712 $89,000 233.00%TNYes
40 Bowling Green State University $27,200 $53,853 98.00%OHYes
41 California State University, East Bay $28,000 $76,600 174.00%CAYes
42 University of Wisconsin-Stevens Point $28,224 $58,350 107.00%WINo
43 St. Cloud State University $28,969 $81,800 182.00%MNYes
44 University of Wisconsin Oshkosh $29,168 $87,400 200.00%WIYes
45 California State Polytechnic University Pomona $29,800 $89,440 200.00%CANo
46 University of Hartford $30,168 $94,500 213.00%CTYes
47 The University of Georgia $30,606 $120,510 294.00%GAYes
48 California State University, Northridge $30,897 $77,400 151.00%CANo
49 Texas Wesleyan University $31,080 $79,000 154.00%TXYes
50 University of Louisiana at Lafayette $31,281 $51,200 64.00%LAYes
51 Old Dominion University $31,564 $75,800 140.00%VAYes
52 University of New Orleans $31,746 $69,100 118.00%LANo
53 Stockton University $33,012 $47,700 44.00%NJNo
54 Creighton University $33,234 $65,000 96.00%NEYes
55 Robert Morris University $33,750 $67,000 99.00%PAYes
56 University of Minnesota Duluth $33,798 $92,953 175.00%MNNo
57 Shenandoah University $34,848 $89,900 158.00%VANo
58 University of Baltimore $35,128 $77,400 120.00%MDYes
59 The University of Texas at Dallas $35,918 $123,163 243.00%TXYes
60 Le Moyne College $35,952 $61,100 70.00%NYNo
61 Georgia State University $36,522 $93,600 156.00%GAYes
62 Butler University $39,000 $59,000 51.00%INYes
63 University of New Haven $39,770 $64,600 62.00%CTYes
64 Saint Joseph's University $42,912 $92,000 114.00%PAYes
65 California State University, Fullerton $44,550 $81,500 83.00%CAYes
66 Marquette University $46,620 $90,700 95.00%WIYes
67 Worcester Polytechnic Institute $48,300 $98,523 104.00%MAYes
68 Western Washington University $48,448 $67,100 38.00%WANo

You might also be interested in the best ranked MBA and Master’s degrees in Insurance here: Online | In-Person

Find Affordable Online MBA Programs Now Accepting Insurance Applicants

Our Ranking Methodology for High-Value Affordable Insurance MBA Programs

MBAGuide.org’s ranking methodology combines quantitative data (80%) like student-faculty ratio, tuition, enrollment, and post-graduation salaries with qualitative factors (20%) such as editorial ratings and school reputation.

Additionally, for the most affordable and high value programs, we aim to find program tuition well below the national average for that degree, with graduate salaries that are above the national average to competitive to it and graduate ROI of of more than 200% within each degree, enabling prospective students to find high-quality, cost-effective options tailored to their location and career aspirations.

Find High-Value Affordable Online MBA Programs in 45 Concentrations

Business School Data Sources from

See all data sources including 756 College and University Programs

Compare These National Averages for Insurance Programs to the Affordable AACSB MBA Programs Above

$41,561

Average Tuition

$80,247

Average Starting Salary

569

Average GMAT Scores

187%

Average Graduate ROI

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