Virginia State University
Reginald F. Lewis College of Business
Business School
Institution Control: Public- AACSB Accreditation: Business
- Academic Year: Semester
- Full-Time Faculty: 27
Business Programs
Business Degrees & Concentrations: Accounting, Finance, General Business, Healthcare Administration, Management and Marketing- Offered As: Campus, Full-Time and Online
Undergraduate School of Business
Undergrad Degrees Conferred: 124- In-State Tuition: $9,154
MBA Program Ranking(s)
Ranked by: MBAGuideMBA Tuition & Fees
In-State Tuition: $24,978Enrollment
Full-time, All: 635Average GMAT Score
Average GMAT MBA: 630Student / Faculty Ratio
Institution: 12:1Average Starting Salary
Graduate Salary*: $58,900Award Levels
Award Levels Offered: UndergraduateSocial Links
Facebook and TwitterGMAT Requirements
GMAT Required* (yes, no, optional, recommended): OptionalMBAGuide Rankings
Program Rankings:
The Reginald F. Lewis College of Business at Virginia State University (VSU) is a pioneering institution, being the first public Historically Black College or University (HBCU) in Virginia to offer a Master of Business Administration (MBA) program. Located in the heart of the Greater Richmond region, the college is dedicated to providing a comprehensive and innovative business education that prepares students for leadership roles in various industries. The program’s flexibility, strong emphasis on practical applications, and commitment to addressing the underrepresentation of Blacks/African Americans in business management make it an excellent choice for aspiring business professionals.
Key Student Benefits
Flexible Learning Formats
The MBA program at VSU offers both traditional face-to-face and fully online delivery formats. This flexibility allows students to choose the learning style that best fits their personal and professional schedules, making it easier to balance work, life, and study.
Comprehensive Curriculum
The program provides a robust foundation in essential business disciplines, including accounting, finance, computer information systems, data analytics, strategic management, and marketing. This comprehensive curriculum ensures that students are well-equipped with the knowledge and skills needed to excel in various business roles.
Real-World Experience
A capstone course is required, exposing students to real-world business scenarios and providing valuable experience in making informed decisions and implementing effective strategies. This hands-on approach ensures that graduates are ready to tackle real-world business challenges.
Addressing Underrepresentation
With a student population that is over 90 percent Black/African-American, the MBA program at VSU is uniquely positioned to address the underrepresentation of Blacks/African Americans in business management and leadership professions. The program aims to equip a diverse population of men and women with the knowledge, skills, and experiences necessary to thrive in today’s business world.
Strong Career Prospects
According to a 2023 Corporate Recruiters Survey conducted by the Graduate Management Admission Council (GMAC), MBA graduates had an estimated median starting salary of $125,000. This highlights the strong career prospects and financial benefits of obtaining an MBA from VSU.
MBA Concentrations Offered by the School
General MBA
- The General MBA provides a comprehensive education in core business areas such as accounting, finance, marketing, operations, and strategic management. This concentration is ideal for students seeking a broad-based business education that prepares them for a variety of leadership roles. For more information, visit the General MBA page.
Business Analytics
- The Business Analytics concentration focuses on developing skills in data analysis, predictive analytics, and business forecasting. Students learn to leverage data to make informed business decisions, making them highly valuable in today’s data-driven business environment. For more information, visit the Business Analytics concentration page.
Entrepreneurship and Innovation Management
- This concentration prepares students to start and grow their own businesses by providing knowledge in venture capital, innovation, and business planning. It is ideal for aspiring entrepreneurs looking to turn their ideas into successful ventures. For more information, visit the Entrepreneurship and Innovation Management concentration page.
Marketing Management
- The Marketing Management concentration focuses on consumer behavior, brand management, and digital marketing strategies. This concentration prepares students for careers in marketing management, advertising, and market research. For more information, visit the Marketing Management concentration page.
Strategic Planning and Implementation
- This concentration provides students with the tools to develop and implement effective business strategies. It is suited for those aiming for leadership roles in corporate strategy, business development, and strategic planning. For more information, visit the Strategic Planning and Implementation concentration page.
For more detailed information about the MBA program and its concentrations, visit the Reginald F. Lewis College of Business website.
Citations:
[1] https://www.vsu.edu/news/2024/vsuto-become-first-public-hbcu-in-virginia-to-offer-masters-of-business-administration.php
[2] https://www.vsu.edu/business/about/history.php
[3] https://www.vsu.edu/business/departments/
[4] https://www.vsu.edu/business/
[5] https://www.vsu.edu/business/mba.php
Compare Virginia State University's MBA Program
$24,978
Average Tuition
$58,900
Average Starting Salary
630
Average GMAT Scores
N/R*
Average Student Enrollment
Compare In-State Tuition
- Virginia State University's Average In-State Tuition: $24,978
- Virginia's Average In-State Tuition: $45,876
- National Average In-State Tuition: $43,473
- Online Average In-State Tuition: $38,871
- Find the most affordable online MBA schools.
Compare Average GMAT Scores
- Virginia State University's Average GMAT: 630
- Virginia's Average GMAT Scores: 554
- National Average for GMAT Scores: 561
- Online Average for GMAT Scores: 557
- Find the GMAT scores required from similar schools.
Compare Graduate Starting Salaries
- Virginia State University's Average Graduate Starting Salary: $58,900
- Virginia's Graduate Starting Salaries: $86,642
- National Average for Graduate Starting Salaries: $81,243
- Online Average for Graduate Starting Salaries: $79,445
- Find the schools with the highest and lowest graduate starting salaries.
Compare ROI for Graduate Students
- Virginia State University's Average ROI: 118%
- Virginia's MBA Program ROI: 126%
- National Average for MBA Program ROI: 146%
- Online Average for MBA Program ROI: 157%
- Find the schools with the highest and lowest ROI for graduating MBA students.
Virginia Schools Offering Online MBA Degrees
- Liberty University
- East Coast Polytechnic Institute
- Virginia State University
- Virginia Polytechnic Institute and State University
- University of Virginia-Darden
- Virginia Commonwealth University
- Old Dominion University
- Norfolk State University
- Longwood University
- James Madison University
- George Mason University
- Radford University
- University of Mary Washington
- College of William and Mary
All Virginia Schools Offering MBA Degrees
Find the best ranked MBA programs in Virginia and also find the best best online MBA programs accepting Virginia students.
- Strayer University
- Liberty University
- East Coast Polytechnic Institute
- Virginia International University
- University of Management and Technology
- Stratford University
- Averett University
- Regent University
- Eastern Mennonite University
- Lynchburg College
- Mary Baldwin University
- Marymount University
- Washington and Lee University
- Virginia State University
- Virginia Polytechnic Institute and State University
- Virginia Military Institute
- University of Virginia-Darden
- Virginia Commonwealth University
- Shenandoah University
- University of Richmond
- Old Dominion University
- Norfolk State University
- Longwood University
- James Madison University
- George Mason University
- Christopher Newport University
- Radford University
- University of Mary Washington
- College of William and Mary
All Virginia Cities Where You Can Find MBA Programs
Using the following links, compare average tuition costs, starting graduate salaries, program ROIs, averaged required GMAT scores, strong alumni networks and more.
- Blacksburg
- Charlottesville
- Fairfax
- Farmville
- Harrisonburg
- Lexington
- Newport News
- Norfolk
- Petersburg
- Radford
- Richmond
- Williamsburg
- Winchester
Virginia State University Reginald F. Lewis College of Business Summary
In-state tuition and fees for the MBA program at Reginald F. Lewis College of Business is $24,978. Of all MBA programs offered in Virginia, the average cost for in-state tuition and fees is $45,876 a year. The average cost for in-state tuition and fees for an online MBA program is $38,871 a year.
The average GMAT score to enter into Reginald F. Lewis College of Business is 630 while the average GMAT score to for MBA schools in Virginia is 553.53, and the average GMAT score to enter into an online GMAT program is 556.65.
After graduating, the school reports that the average graduate salary is $58,900.
Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 118%
The average in-state tuition you can expect to pay is about $24,978, and the average GMAT score for acceptance in their program is 630.
After graduating, the school reports that the average graduate salary is $58,900. Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 118%
Programs are offered as: Campus, Full-Time and Online.
The school is ranked by: Virginia State University's MBA program is accredited by the AACSB and is ranked by the following publications: MBAGuide
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.