2023 Best MBA Programs in New Jersey

Compare MBA Program Averages Across

New Jersey, the U.S. and Online

Table of Best Ranked MBA Programs in New Jersey

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 $88,288, the lowest average MBA starting salary is $70,000 from Fairleigh Dickinson University, and the highest average MBA starting salary is $106,000 from Stevens Institute of Technology.

The average starting salary for graduates of an Online MBA program from an institution in New Jersey is between $70,000 from Fairleigh Dickinson University and $106,000 from Stevens Institute of Technology. The average starting MBA salary for graduates of online MBA programs within New Jersey is $88,265.

Average Graduate Salaries for In-Person MBA Programs

• Average: $88,288 from New Jersey's 15 In-Person MBA Programs
• Lowest In-Person: $70,000 from Fairleigh Dickinson University
• Highest In-Person:$106,000 from Stevens Institute of Technology

Average Graduate Salaries for Online MBA Programs

• Average: $88,265 from New Jersey's 12 Online MBA Programs
• Lowest Online: $70,000 from Fairleigh Dickinson University
• Highest Online: $106,000 from Stevens Institute of Technology

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 $40,620, the least expensive MBA program is $21,033 from Montclair State University, and the most expensive is $63,726 from Stevens Institute of Technology.

An Online MBA program from an institution in New Jersey will cost you between $21,033 from Montclair State University and $63,726 from Stevens Institute of Technology. The average cost of online MBA programs within New Jersey is $40,164.

Average Tuition for In-Person MBA Programs

• Average: $41,230 from New Jersey's 15 in-person MBA Programs
• Lowest in-person: $21,033 from Montclair State University
• Highest in-person: $63,726 from Stevens Institute of Technology

Average Tuition for Online MBA Programs

• Average: $40,164 from New Jersey's 12 online MBA Programs
• Lowest online: $21,033 from Montclair State University
• Highest online: $63,726 from Stevens Institute of Technology

What is the 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 118%, the lowest ROI is 69% from Rutgers-The State University of New Jersey-Camden, and the best ROI is 226% from Montclair State University.

The ROI from Online MBA programs in New Jersey range between 69% from Rutgers-The State University of New Jersey-Camden and 226% from Montclair State University. The average ROI of online MBA programs within New Jersey is 123%.

In-Person ROI for MBA Programs

• Average: 118% from New Jersey's 15 in-person MBA Programs
• Lowest in-person: 69% from Rutgers-The State University of New Jersey-Camden
• Highest in-person: 226% from Montclair State University

Online ROI for MBA Programs

• Average: 123% from New Jersey's 12 online MBA Programs
• Lowest online: 69% from Rutgers-The State University of New Jersey-Camden
• Highest online: 226% from Montclair State University

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 526, the lowest average GMAT score is for an MBA program is 400 from Stockton University, and the highest GMAT score needed is 683 from Rutgers-The State University of New Jersey-Newark/New Brunswick.

The average GMAT score needed for an online MBA program from an institution in New Jersey is between 400 from Stockton University to 683 from Rutgers-The State University of New Jersey-Newark/New Brunswick. The average GMAT scored for online MBA programs within New Jersey is 532.

Average GMAT Score for In-Person MBA Programs

• Average: 526 from New Jersey's 15 in-person MBA Programs
• Lowest in-person: 400 from Stockton University
• Highest in-person: 683 from Rutgers-The State University of New Jersey-Newark/New Brunswick

Average GMAT Score for Online MBA Programs

• Average: 532 from New Jersey's 12 online MBA Programs
• Lowest online: 400 from Stockton University
• Highest online: 683 from Rutgers-The State University of New Jersey-Newark/New Brunswick

Which MBA Schools Have the Highest Student Enrollment in 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 28 and 617. For part-time enrollment, the range is between 58 and 1,643.

Average Enrollment for Score for In-Person MBA Programs

• Lowest: 28 from Monmouth University
• Highest: 617 from Stevens Institute of Technology
• Average: 163 from New Jersey's 22 MBA Programs.
• Average: 243 from 879 the nation's campus MBA Programs.

Average Enrollment for Score for Online MBA Programs

• Lowest: 52 from Montclair State University
• Highest: 617 from Stevens Institute of Technology
• Average: 179 from New Jersey's 12 MBA Programs.
• Average: 201 from 327 nation's online MBA Programs.

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 46 MBA concentrations including:

• Finance: 19
• Marketing: 18
• Accounting: 16
• Management: 14
• General Business: 13
• Information Systems: 12
• Entrepreneurship: 11
• Supply Chain: 11
• Leadership: 10
• International Business: 10

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

• The College of New Jersey: 26
• New Jersey Institute of Technology: 24
• Rider University: 19
• Ramapo College of New Jersey: 18
• Rutgers-The State University of New Jersey-Camden: 15
• Stevens Institute of Technology: 14
• Seton Hall University: 14
• Rowan University: 13
• Stockton University: 12
• Felician College: 11

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. 4 private and 9 public schools offering MBA programs.

New Jersey has 9 public schools and 4 private schools offering MBA degree programs.

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

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

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 46 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