2023 Best MBA Programs in Massachusetts

Compare MBA Degrees in Massachusetts for 2023

Key Highlights:

• • Comprehensive comparisons and data about tuition fees, average starting salaries, GMAT scores, and enrollment statistics for MBA programs in Massachusetts.

• • Detailed profiles of both online and on-campus MBA programs in Massachusetts, their strengths, unique specializations, faculty expertise, and alumni networks are included to help align your study choice with your career ambitions.

• • Insights into Massachusetts's diverse economic sectors, demonstrating how an MBA degree serves as a potent tool in these industries.

Massachusetts is a hub for various industries. Most notably, the technology sector thrives due to the presence of leading firms and startups. An MBA with a specialization in Information Systems or Technology Management would be particularly relevant.

Moreover, Massachusetts is renowned for its healthcare sector, including pharmaceuticals, hospitals, and health insurance. An MBA in Healthcare Management would provide a solid foundation for opportunities in this sector.

Additionally, finance plays a crucial role in the Massachusetts economy, with Boston being one of the top financial centers in the U.S. Hence, an MBA in Finance can open doors to lucrative careers in this field.

Finally, education and academia are another prominent sector in Massachusetts, making an MBA in Management or Human Resources beneficial for those interested in higher education administration roles.

Compare MBA Program Averages Across

Massachusetts, the U.S. and Online

Table of Best Ranked MBA Programs in Massachusetts

What is the Average Graduate MBA Salary in Massachusetts?

While the average starting salary for graduates of an in-person MBA program in Massachusetts is about $92,693, the lowest average MBA starting salary is $60,229 from University of Massachusetts Dartmouth, and the highest average MBA starting salary is $135,000 from Massachusetts Institute of Technology.

The average starting salary for graduates of an Online MBA program from an institution in Massachusetts is between $60,229 from University of Massachusetts Dartmouth and $96,000 from Bentley University. The average starting MBA salary for graduates of online MBA programs within Massachusetts is $80,839.

Average Graduate Salaries for In-Person MBA Programs

• Average: $92,693 from Massachusetts's 19 In-Person MBA Programs
• Lowest In-Person: $60,229 from University of Massachusetts Dartmouth
• Highest In-Person:$135,000 from Massachusetts Institute of Technology

Average Graduate Salaries for Online MBA Programs

• Average: $80,839 from Massachusetts's 10 Online MBA Programs
• Lowest Online: $60,229 from University of Massachusetts Dartmouth
• Highest Online: $96,000 from Bentley University

What is the Average Tuition for MBA Programs in Massachusetts?
If you plan on attending an MBA program, it's best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An online MBA program can provide the flexibility of completing a program while being employed in your respective career.

While the average in-person MBA program in Massachusetts will cost about $67,225, the least expensive MBA program is $16,965 from University of Massachusetts Dartmouth, and the most expensive is $115,632 from Boston University.

An Online MBA program from an institution in Massachusetts will cost you between $16,965 from University of Massachusetts Dartmouth and $98,400 from Northeastern University. The average cost of online MBA programs within Massachusetts is $52,537.

Average Tuition for In-Person MBA Programs

• Average: $69,720 from Massachusetts's 19 in-person MBA Programs
• Lowest in-person: $16,965 from University of Massachusetts Dartmouth
• Highest in-person: $115,632 from Boston University

Average Tuition for Online MBA Programs

• Average: $52,537 from Massachusetts's 10 online MBA Programs
• Lowest online: $16,965 from University of Massachusetts Dartmouth
• Highest online: $98,400 from Northeastern University

What is the ROI for MBA Programs in Massachusetts?

Choosing an MBA program requires more than a glance at the school's reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.

By scrutinizing the ROI, you're not just making a decision—you're making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.

While the average in-person MBA program ROI from Massachusetts is 78%, the lowest ROI is 31% from Brandeis University, and the best ROI is 178% from University of Massachusetts Dartmouth.

The ROI from Online MBA programs in Massachusetts range between 45% from Northeastern University and 178% from University of Massachusetts Dartmouth. The average ROI of online MBA programs within Massachusetts is 98%.

In-Person ROI for MBA Programs

• Average: 78% from Massachusetts's 19 in-person MBA Programs
• Lowest in-person: 31% from Brandeis University
• Highest in-person: 178% from University of Massachusetts Dartmouth

Online ROI for MBA Programs

• Average: 98% from Massachusetts's 10 online MBA Programs
• Lowest online: 45% from Northeastern University
• Highest online: 178% from University of Massachusetts Dartmouth

What is the Average GMAT Score Needed for an MBA Program in Massachusetts?

The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.

While the average GMAT score needed for in-person MBA program in Massachusetts is 591, the lowest average GMAT score is for an MBA program is 463 from University of Massachusetts Dartmouth, and the highest GMAT score needed is 729 from Harvard University.

The average GMAT score needed for an online MBA program from an institution in Massachusetts is between 463 from University of Massachusetts Dartmouth to 639 from University of Massachusetts Amherst. The average GMAT scored for online MBA programs within Massachusetts is 550.

Average GMAT Score for In-Person MBA Programs

• Average: 591 from Massachusetts's 19 in-person MBA Programs
• Lowest in-person: 463 from University of Massachusetts Dartmouth
• Highest in-person: 729 from Harvard University

Average GMAT Score for Online MBA Programs

• Average: 550 from Massachusetts's 10 online MBA Programs
• Lowest online: 463 from University of Massachusetts Dartmouth
• Highest online: 639 from University of Massachusetts Amherst

Which MBA Schools Have the Highest Student Enrollment in Massachusetts?

The importance of networking, whether it's by way of campus job fairs, student organization members, or faculty mentorship, should not be understated. The average MBA enrollment size has a direct impact on your studies, your job prospects, and your ability to define your career goals.

Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.

For Massachusetts state's MBA programs, the range for full-time enrollment is between 16 and 1,868. For part-time enrollment, the range is between 7 and 1,741.

Average Enrollment for Score for In-Person MBA Programs

• Lowest: 16 from Stonehill College
• Highest: 1,868 from Harvard University
• Average: 491 from Massachusetts's 29 MBA Programs.
• Average: 243 from 879 the nation's campus MBA Programs.

Average Enrollment for Score for Online MBA Programs

• Lowest: 18 from Worcester Polytechnic Institute
• Highest: 465 from Bentley University
• Average: 326 from Massachusetts's 10 MBA Programs.
• Average: 201 from 327 nation's online MBA Programs.

What MBA Concentrations Available in Massachusetts?

Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Massachusetts businesses, MBA programs here have risen to the challenge by offering you an array of more than 43 MBA concentrations including:

• Management: 22
• Accounting: 21
• Finance: 20
• Marketing: 19
• Entrepreneurship: 16
• Supply Chain: 15
• General Business: 14
• International Business: 14
• Information Systems: 13
• Healthcare Administration: 11

Here are the top schools offering the widest variety of concentrations to choose from:

• Suffolk University: 24
• Northeastern University: 24
• University of Massachusetts Boston: 21
• Worcester Polytechnic Institute: 21
• Hult International Business School: 16
• Bentley University: 15
• Stonehill College: 15
• Salem State University: 15
• University of Massachusetts Lowell: 14
• Western New England University: 13

The Importance of MBA Accreditation

The importance of accreditation can't be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.

AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.

Cities Offering MBA Programs in Massachusetts

Looking for a particular city in Massachusetts with an accredited MBA program? Research and compare MBA programs from other cities in Massachusetts. Find online programs, programs by concentration, by average GMAT score and more.

• Amherst
• Babson Park
• Boston
• Cambridge
• Chestnut Hill
• Easton
• Lowell
• North Dartmouth
• Springfield
• Waltham
• Worcester

MBA Program Options Available in Massachusetts

Options for earning your MBA in Massachusetts have never been more flexible. Massachusetts MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.

Massachusetts has 29 Accredited MBA programs. 14 private and 5 public schools offering MBA programs.

Massachusetts has 5 public schools and 14 private schools offering MBA degree programs.

29 Accredited MBA programs.  and 5 public schools offering MBA programs.

Massachusetts schools offer 9 different paths to earn your MBA in Massachusetts including Online, Campus, Full-Time, 1-Year, Distance Education, Evenings and Weekends, Off Campus, Part-Time and Partnership.

To meet the diverse needs of Massachusetts businesses, MBA programs here have risen to the challenge by offering you an array of more than 43 MBA concentrations to specialize in.

Awards for MBA Programs in Massachusetts

The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.

Of the 29 accredited MBA programs offered in Massachusetts, 17 of them have been recognized by at least one distinguished publication (MBAGuide, PQ, US News, Forbes, BW, FT and Economist) garnering an award as one of the best MBA programs in the country.

Massachusetts schools have earned a total of 51 Best MBA awards from publications. Here are the top MBA schools and the number of awards the each program has garnered:

• Massachusetts Institute of Technology: 7
• Boston University: 7
• Harvard University: 7
• Babson College: 6
• Boston College: 6
• Northeastern University: 5
• University of Massachusetts Amherst: 3
• Clark University: 1
• Suffolk University: 1
• Worcester Polytechnic Institute: 1
• Bentley University: 1
• Stonehill College: 1
• University of Massachusetts Lowell: 1
• University of Massachusetts Dartmouth: 1
• Brandeis University: 1
• Western New England University: 1
• University of Massachusetts Boston: 1

Publications and the number of awards granted for Massachusetts schools:

• MBAGuide: 17
• US News: 7
• Forbes: 6
• BW: 6
• FT: 5
• Economist: 3