2024 Best MBA Programs in New Jersey

Compare MBA Program Averages Across
New Jersey, the U.S. and Online

Averages	New Jersey MBA Programs	Online MBA Programs	MBA Programs in the US
Average MBA Tuition	$51,100	$38,875	: $43,475.55
Average GMAT Scores	: 550.93	557	561
Average Full-Time MBA Faculty	66	69	67
Average MBA Student Faculty Ratio	15:1	: 17:1	16:1
Average # of MBA Faculty with Doctorate	89.24%	83.35%	83.95%
Average Full-Time MBA Enrollment	164	298	286
Average Part-Time MBA Enrollment	310	387	351
Average % of MBA Students from U.S.	89%	76%	75%

What Are the Best Ranked MBA Programs in New Jersey

Read about our ranking methodology.

What is the Average Graduate MBA Salary in New Jersey?

While the average starting salary for graduates of an in-person MBA program in New Jersey is about $84,703, the lowest average MBA starting salary is $47,700 from Stockton University, and the highest average MBA starting salary is $113,800 from Rutgers-The State University of New Jersey-Newark/New Brunswick.

The average starting salary for graduates of an Online MBA program from an institution in New Jersey is between $47,700 from Stockton University and $113,800 from Rutgers-The State University of New Jersey-Newark/New Brunswick. The average starting MBA salary for graduates of online MBA programs within New Jersey is $84,703.

Average Graduate Salaries for In-Person MBA Programs

• Average: $84,703 from New Jersey’s 15 In-Person MBA Programs
• Lowest In-Person: $47,700 from Stockton University
• Highest In-Person:$113,800 from Rutgers-The State University of New Jersey-Newark/New Brunswick

Average Graduate Salaries for Online MBA Programs

• Average: $84,703 from New Jersey’s 15 Online MBA Programs
• Lowest Online: $47,700 from Stockton University
• Highest Online: $113,800 from Rutgers-The State University of New Jersey-Newark/New Brunswick

10 Highest Salaries for MBA Graduates in New Jersey

1. Rutgers-The State University of New Jersey-Newark/New Brunswick - $113,800.00
2. Rutgers-The State University of New Jersey-Camden - $113,372.00
3. New Jersey Institute of Technology - $99,501.00
4. Ramapo College of New Jersey - $99,100.00
5. Montclair State University - $92,400.00
6. The College of New Jersey - $90,000.00
7. Stevens Institute of Technology - $85,398.00
8. Rider University - $83,600.00
9. Fairleigh Dickinson University - $81,900.00
10. Fairleigh Dickinson University - $81,900.00

10 Lowest Salaries for MBA Graduates in New Jersey

1. Stockton University - $47,700.00
2. Monmouth University - $64,000.00
3. Rowan University - $69,300.00
4. William Paterson University - $70,500.00
5. Seton Hall University - $78,081.00
6. Fairleigh Dickinson University - $81,900.00
7. Fairleigh Dickinson University - $81,900.00
8. Rider University - $83,600.00
9. Stevens Institute of Technology - $85,398.00
10. The College of New Jersey - $90,000.00

What is the Average Tuition for MBA Programs in New Jersey?

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 New Jersey will cost about $51,100, the least expensive MBA program is $23,820 from William Paterson University, and the most expensive is $81,880 from Stevens Institute of Technology.

An Online MBA program from an institution in New Jersey will cost you between $23,820 from William Paterson University and $81,880 from Stevens Institute of Technology. The average cost of online MBA programs within New Jersey is $51,100.

Average Tuition for In-Person MBA Programs

Average: $51,100 from New Jersey’s 15 in-person MBA Programs
Lowest in-person: $23,820 from William Paterson University
Highest in-person: $81,880 from Stevens Institute of Technology

Average Tuition for Online MBA Programs

Average: $51,100 from New Jersey’s 15 online MBA Programs
Lowest online: $23,820 from William Paterson University
Highest online: $81,880 from Stevens Institute of Technology

Most Affordable MBAs in New Jersey

1. William Paterson University - $23,820.00
2. Stockton University - $33,012.00
3. Montclair State University - $34,669.00
4. Rider University - $38,160.00
5. Fairleigh Dickinson University - $38,520.00
6. Ramapo College of New Jersey - $46,892.00
7. The College of New Jersey - $50,482.00
8. Seton Hall University - $57,225.00
9. Rutgers-The State University of New Jersey-Newark/New Brunswick - $58,442.00
10. New Jersey Institute of Technology - $66,576.00

Most Expensive MBAs in New Jersey

1. Stevens Institute of Technology - $81,880.00
2. Fairleigh Dickinson University - $67,468.00
3. Monmouth University - $67,152.00
4. New Jersey Institute of Technology - $66,576.00
5. Rutgers-The State University of New Jersey-Newark/New Brunswick - $58,442.00
6. Seton Hall University - $57,225.00
7. The College of New Jersey - $50,482.00
8. Ramapo College of New Jersey - $46,892.00
9. Fairleigh Dickinson University - $38,520.00
10. Rider University - $38,160.00

What is the Average ROI for MBA Programs in New Jersey?

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 New Jersey is 88%, the lowest ROI is 48% from Monmouth University, and the best ROI is 148% from William Paterson University.

The ROI from Online MBA programs in New Jersey range between 48% from Monmouth University and 148% from William Paterson University. The average ROI of online MBA programs within New Jersey is 88%.

In-Person ROI for MBA Programs

• Average: 88% from New Jersey’s 15 in-person MBA Programs
• Lowest in-person: 48% from Monmouth University
• Highest in-person: 148% from William Paterson University

Online ROI for MBA Programs

• Average: 88% from New Jersey’s 15 online MBA Programs
• Lowest online: 48% from Monmouth University
• Highest online: 148% from William Paterson University

Highest ROI for MBA Programs in New Jersey

1. William Paterson University - 147.98%
2. Montclair State University - 133.26%
3. Rider University - 109.54%
4. Fairleigh Dickinson University - 106.31%
5. Ramapo College of New Jersey - 105.67%
6. Rutgers-The State University of New Jersey-Newark/New Brunswick - 97.36%
7. The College of New Jersey - 89.14%
8. New Jersey Institute of Technology - 74.73%
9. Stockton University - 72.25%
10. Rutgers-The State University of New Jersey-Camden - 69.14%

Lowest ROI for MBA Programs in New Jersey

1. Monmouth University - 47.65%
2. Stevens Institute of Technology - 52.15%
3. Fairleigh Dickinson University - 60.70%
4. Seton Hall University - 68.22%
5. Rutgers-The State University of New Jersey-Camden - 69.14%
6. Stockton University - 72.25%
7. New Jersey Institute of Technology - 74.73%
8. The College of New Jersey - 89.14%
9. Rutgers-The State University of New Jersey-Newark/New Brunswick - 97.36%
10. Ramapo College of New Jersey - 105.67%

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

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 New Jersey is 551, the lowest average GMAT score is for an MBA program is 454 from Stockton University, and the highest GMAT score needed is 720 from New Jersey Institute of Technology.

The average GMAT score needed for an online MBA program from an institution in New Jersey is between 454 from Stockton University to 720 from New Jersey Institute of Technology. The average GMAT scored for online MBA programs within New Jersey is 551.

Average GMAT Score for In-Person MBA Programs

• Average: 551 from New Jersey’s 15 in-person MBA Programs
• Lowest in-person: 454 from Stockton University
• Highest in-person: 720 from New Jersey Institute of Technology

Average GMAT Score for Online MBA Programs

• Average: 551 from New Jersey’s 15 online MBA Programs
• Lowest online: 454 from Stockton University
• Highest online: 720 from New Jersey Institute of Technology

10 Lowest GMAT Scores in New Jersey

1. Stockton University - 454
2. Fairleigh Dickinson University - 461
3. Rider University - 500
4. William Paterson University - 501
5. Monmouth University - 510
6. Fairleigh Dickinson University - 510
7. Montclair State University - 520
8. Rowan University - 532
9. Rutgers-The State University of New Jersey-Camden - 539
10. Ramapo College of New Jersey - 540

10 Highest GMAT Scores in New Jersey

1. New Jersey Institute of Technology - 720
2. Rutgers-The State University of New Jersey-Newark/New Brunswick - 683
3. Stevens Institute of Technology - 653
4. Seton Hall University - 590
5. Ramapo College of New Jersey - 540
6. Rutgers-The State University of New Jersey-Camden - 539
7. Rowan University - 532
8. Montclair State University - 520
9. Monmouth University - 510
10. Fairleigh Dickinson University - 510

No GMAT or GRE – Best MBA Programs in New Jersey

MBA Schools with the Most Alumni New Jersey?

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 New Jersey state’s MBA programs, the range for full-time enrollment is between 59 and 513. For part-time enrollment, the range is between : 52.00 and : 1,254.00.

Average Enrollment for In-Person MBA Programs

• Lowest: 59 from Rutgers-The State University of New Jersey-Camden
• Highest: 513 from Rutgers-The State University of New Jersey-Newark/New Brunswick
• Average: 164 from New Jersey’s 22 MBA Programs.
• Average: 294 from 866 the nation’s campus MBA Programs.

Average Enrollment for Online MBA Programs

• Lowest: 59 from Rutgers-The State University of New Jersey-Camden
• Highest: 513 from Rutgers-The State University of New Jersey-Newark/New Brunswick
• Average: 164 from New Jersey’s 15 MBA Programs.
• Average: 298 from 482 nation’s online MBA Programs.

Schools with the Lowest Student Enrollment in New Jersey

1. Rutgers-The State University of New Jersey-Newark/New Brunswick - 513
2. Fairleigh Dickinson University - 215
3. William Paterson University - 199
4. Seton Hall University - 111
5. Rowan University - 78
6. Rider University - 77
7. Ramapo College of New Jersey - 60
8. Rutgers-The State University of New Jersey-Camden - 59

MBA Programs with the Highest Student Enrollment in New Jersey

1. Rutgers-The State University of New Jersey-Camden - 59
2. Ramapo College of New Jersey - 60
3. Rider University - 77
4. Rowan University - 78
5. Seton Hall University - 111
6. William Paterson University - 199
7. Fairleigh Dickinson University - 215
8. Rutgers-The State University of New Jersey-Newark/New Brunswick - 513

What MBA Concentrations Available in New Jersey?

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 New Jersey businesses, MBA programs here have risen to the challenge by offering you an array of more than 37 MBA concentrations including:

• Marketing: 21
• Finance: 19
• Accounting: 18
• Management: 15
• International Business: 14
• General Business: 13
• Economics: 12
• Entrepreneurship: 12
• Information Systems: 12
• Supply Chain: 11

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

• Stockton University: 20
• Rowan University: 19
• Rutgers-The State University of New Jersey-Newark/New Brunswick: 19
• Monmouth University: 18
• William Paterson University: 16
• Rider University: 15
• The College of New Jersey: 15
• Stevens Institute of Technology: 14
• Montclair State University: 14
• Seton Hall University: 12

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 New Jersey

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

• Camden
• Ewing
• Galloway
• Glassboro
• Hoboken
• Lawrenceville
• Mahwah
• Montclair
• Newark
• South Orange
• Teaneck
• Wayne
• West Long Branch

.

MBA Program Options Available in New Jersey

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

New Jersey has 22 Accredited MBA programs. 1 private and 9 public schools offering MBA programs.

New Jersey has 9 public schools and 1 private schools offering MBA degree programs.

22 Accredited MBA programs.  and 9 public schools offering MBA programs.

New Jersey schools offer 10 different paths to earn your MBA in New Jersey including Online, Campus, Full-Time, Evenings, Part-Time, Weekends, Distance Education, Off Campus, Partnership and 1-Year.

To meet the diverse needs of New Jersey businesses, MBA programs here have risen to the challenge by offering you an array of more than 37 MBA concentrations to specialize in.

Awards for MBA Programs in New Jersey

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 22 accredited MBA programs offered in New Jersey, 14 of them have been recognized by at least one distinguished publication (MBAGuide, PQ, US News, Forbes, BW and FT) garnering an award as one of the best MBA programs in the country.

New Jersey schools have earned a total of 21 Best MBA awards from publications. Here are the top MBA schools and the number of awards the each program has garnered:

• Rutgers-The State University of New Jersey-Newark/New Brunswick: 6
• Stevens Institute of Technology: 3
• Stockton University: 1
• Rowan University: 1
• Ramapo College of New Jersey: 1
• The College of New Jersey: 1
• Montclair State University: 1
• Monmouth University: 1
• Fairleigh Dickinson University: 1
• William Paterson University: 1
• New Jersey Institute of Technology: 1
• Rutgers-The State University of New Jersey-Camden: 1
• Seton Hall University: 1
• Rider University: 1

Publications and the number of awards granted for New Jersey schools:

• MBAGuide: 14
• US News: 2
• Forbes: 1
• BW: 1
• FT: 1

Data sources: IPEDS, National Center of Educational Statistics, U.S. Department of Education, Institute of Education Sciences (ERIC), Association to Advance Collegiate Schools of Business (AACSB), 520 MBA Schools, U.S. Bureau of Labor Statistics (BLS). If you notice errors in the MBA program database, please contact us.

Find: MBA Programs in New Jersey | Online MBA Programs in New Jersey Rankings: MBA Program Rankings | Online MBA Program Rankings Guides: Guide to Earning an Online MBA | Guide to Earning an MBA Concentrations: Online MBA Concentrations | Campus MBA Concentrations