What to Know About Northeastern’s Online MBA

Choosing to study at a college of business for an advanced degree such as a Master of Business Administration is not just an educational decision. Pursuing an MBA is a career advancement strategy, suited to professionals who are in search of relevant new skills and a resume-enhancing credential beyond what a bachelor’s degree can provide. Applicants for MBA programs must find the time and budget to take college courses. In terms of scheduling and cost, 100% online studies hold benefits.

The online MBA program at Northeastern University’s D’Amore-McKim School of Business is designed to deliver relevance and value, fitting into busy professionals’ full-time schedules and available at a cost that will encourage prospective students to pursue a degree and advancing their careers.

The program, accredited nationally by the Association to Advance Collegiate Schools of Business (AACSB) and regionally accredited by the New England Association of Schools and Colleges, Inc., includes lectures by faculty with in-depth business backgrounds, alongside research projects that teach management fundamentals through real-world examples. Applicants who receive an MBA can gain knowledge and professional connections, as well as add an impressive graduate-level degree to their resumes.

Before committing to this program or any college of business, however, prospective students have to understand necessary higher education costs, along with specific areas of study, potential financial assistance sources, and other essential details about studying for an MBA at an AACSB-accredited school. The following information can give candidates key details about the online MBA program.

How much do online MBA  programs cost?

It’s natural for professionals to consider the cost of an MBA program and potential for financial aid early in the application process while verifying the school’s AACSB accreditation and regional accreditation. Business degrees are investments, with payments now potentially leading to enhanced earning power in the near future. Online courses are different than on-campus, full-time degree programs in a few key financial details, such as the fact that students don’t pay for amenities like on-campus college housing and access to the Boston campus’s student center facilities.

Tuition is the main determinant of the online MBA program’s cost. The coursework consists of 50 credit hours, and the cost per credit hour is $1,640. Over the complete course, therefore, students will pay $82,000 in program tuition.* Students should keep in mind that scholarships and other forms of financial assistance the university offers can help them offset the cost of their coursework. They may not have to pay for their graduate education with only their own funds.

*All tuition and fees are subject to revision by the Northeastern University Board of Trustees.

The additional fees that come with graduate education at the D’Amore-McKim School are few in number and low in cost. For instance, a fee that helps the college budget for recreational activities and groups totals $25 per term for part-time students. International students attending the school must pay $350, but this is a one-time cost paid during the first term. Each student must pay a non-refundable application fee of $100.

One of the largest student expenses is the cost of the school’s health insurance plan. This fee does not apply to individuals who have coverage through another source, such as an employer-sponsored plan. Professionals taking an online MBA course will likely have such insurance from their present roles and be able to waive the Northeastern University Student Health Plan.

What are the courses included in the online MBA?

Professionals considering whether to invest time and money in seeking a graduate degree at a college of business can view the courses that constitute the program and consider how the covered materials may help them excel in their industries. Some MBA students will be most interested in knowledge that can improve their performance at their present organizations, while others may gravitate toward college courses that will equip them for new career opportunities. Each kind of learner can find value in the online MBA curriculum.

How long does the program take, and how are course credits distributed?

Completing the 50 course hours of an MBA degree means taking 18 different classes. Of those courses, 13 are the core curriculum, taken by every student. The other five are electives. Students may fit into one of eight concentrations depending on the electives they select, or they may complete a general MBA degree with no concentration. Additionally, dual concentrations can enable students to fine-tune their MBA experiences, building specific knowledge and demonstrating expertise to prospective employers with their diplomas from an AACSB-accredited school.

What are the 13 core courses students must take?

The following are the classes every online MBA student must complete, whether seeking a general MBA or specializing. They are divided up by general subject: Two classes are primarily concerned with accounting, five deal with management, three cover analysis, and one each focus on marketing, economics, and entrepreneurship. MBA graduates can finish the program with cutting-edge expertise in all these areas after receiving instruction from knowledgeable and well-connected college of business faculty.

Core accounting classes

Financial Statement Preparation and Analysis (ACCT 6272)

Students learn to generate financial reports for corporate employers. Rather than just preparing these reports for compliance purposes, graduates learn to harness the data contained within to improve business decision-making. The course includes up-to-date information on the way corporate leaders and capital providers work with financial statements today.

Identifying Strategic Implications in Accounting Data (ACCT 6273)
This course is focused on the strategic possibilities of accounting information analysis. Students learn about calculating cost behavior impact, evaluating the profitability of products or accounts, budgeting flexibly, analyzing variance, and performing activity-based costing. Individuals who complete this course can gain the expertise to apply objective thought to business strategy based on data gathered during accounting processes.

Core management classes

Managing People and Organizations (HRMG 6200)
The way in which companies harness the efforts of their employees has changed over time, and human resources processes have also evolved. This class takes a current approach to the management and oversight of human capital. Students will learn how to work with cross-functional teams and boundless organizations, with corporate culture and distributed leadership approaches being the main focus.

Managing the Global Enterprise (INTB 6200)
Today’s executives must understand how to operate on a global scale, with digital communications and cross-border supply chains increasing the reach of corporations. This course instructs professionals in the way legal and political differences affect global operations while describing the role of international institutions such as the World Trade Organization, International Monetary Fund, European Union, North American Free Trade Association, and Mercosur. Students will also learn the “why” of globalization and the motives for international expansion.

Managing Information Resources (MGSC 6204)
Information technology use defines companies today. This course describes the role of data as a resource with monetary and strategic value, as well as the systems that gather, store, and analyze content. Companies have to be at the forefront of technology use to compete in their fields and optimize their products and services.

Operations and Supply Chain Management (SCHM 6201)
The logistics of delivering goods and services around the world are complex in today’s global business climate, and leaders need to understand their supply chains, from sourcing and material procurement to inventory management and delivery. The inter-firm communications and advanced forecasting that go into effective supply chain management demand up-to-date knowledge, which is why this class is part of the core MBA curriculum.

Managing Ethics in the Workplace and Marketplace (MGMT 6213)
Organizations cannot thrive if they are prone to ethical lapses or a general lack of best practices. This course uses real-world examples to show how criminal conduct, failed human resources oversight and otherwise flawed decision-making at the highest levels of companies have led to financial damage and public distrust. Students gain this knowledge as case studies drawn from the historical record and late-breaking modern instances.

Core analysis classes

Information Analysis (MGSC 6200)
The increasing use of data in business today has changed companies’ operations in multiple ways. Leaders must be adept at the technical side of information use, which Managing Information Resources covers. Information Analysis is about the statistical modeling of corporate data, improving students’ ability to draw patterns from data and communicate their findings. Gaining business software proficiency is a major objective of the course.

Value Creation through Financial Decision Making (FINA 6200)
Performing financial analysis and valuation at high levels can prove essential to timely and effective corporate decision-making. This course helps students develop analytical skills by tasking them with solving problems drawn from real business scenarios. The functional areas covered by the class include capital budgeting and capital structuring. Completing Financial Statement Preparation and Analysis is a prerequisite for this course.

Strategic Decision Making in a Changing Environment (STRT 6200)
This course is designed for students who have already completed one of a variety of other classes in marketing, management, or analysis. It is an advanced overview of how companies develop and implement new strategies. Professionals use detailed examples to find the present best practices of assessing an organization’s competition and capabilities and then positioning it within its market. Implementing plans from the top down and revision based on performance are key topics that help in the development of decision-making skills.

Core marketing class

Creating and Sustaining Customer Markets (MKTG 6200)
Professionals in this course learn to situate companies within their markets, which means analyzing the potential audience for products and services, as well as competitors’ ability to serve consumers. Equipped with that information, students can create integrated marketing strategies, stretching from product design to promotion and distribution.

Core economics class

Global Competition and Market Dominance (MECN 6200)
The economic forces behind global market conditions can dictate companies’ ability to compete with one another and stay relevant in their industries. This course can equip professionals with the knowledge they’ll need to blend economic analysis with a competitive overview and decision-making.

Core entrepreneurship class

Enterprise Growth and Innovation (ENTR 6200)
Becoming an innovative leader is one of the most relevant and widely held objectives among professionals today. Creating disruption within an industry, finding an unexploited opportunity, and creating a competitive advantage can present a path to large-scale success. This course focuses on a few kinds of innovation, such as using novel and unique technology, offering new products, and being the first to enter an emerging market.

Which concentrations are available?

The AACSB-approved and NEASC regionally accredited online MBA program offers eight concentrations, each requiring students to take certain courses as part of their five electives. Students can also combine these specialization types into hybrids that display diverse and flexible skill sets. Students who focus on a breadth of knowledge instead of specializing can graduate from the college of business without a concentration by taking any five electives from among the eight concentrations.

The following are the eight main concentrations, as well as the electives they require:

Finance
MBA graduates who take the finance concentration can prove their value as versatile financial professionals who perform important decision-making roles across industries, with portfolio management, mergers and takeovers, international finance, and bankruptcy navigation among their chief duties. Graduates with this specialization can seek careers as finance managers, directors, or examiners, or they may serve as investment bankers or in a compliance department.

Three of a student’s five electives must come from the following course list:

  • Investment Analysis
  • International Finance Management
  • Financial Strategy
  • Investment Banking
  • Mergers and Acquisitions
  • Business Turnarounds
  • Valuation and Value Creation
  • Healthcare Finance
  • Entrepreneurial Finance for High Tech Companies
  • Sustainability and the Economics of Markets

Healthcare Management
Healthcare organizations need the leadership of business-savvy individuals such as college of business graduates, which is where the Healthcare Management concentration proves its value. Students can learn about how the healthcare system functions today and in the past, as well as how to analyze health data, store medical records, and set budgets for care-providing organizations. Graduates can apply for roles as administrators at hospitals, at medical practices, or in the pharmaceutical space.

Three of these students’ electives must come from among:

  • Healthcare Finance
  • Healthcare Industry
  • Strategic Decision Making for Healthcare Professionals
  • Introduction to Health Informatics and Health Information Systems

High Technology Management
Gaining expertise in cutting-edge technology means constantly updating knowledge to make effective use of transformative new developments. Today’s key topics, as covered in the High Technology Management concentration within the online MBA degree program, include blockchain technology, the internet of things, and cybersecurity. Students will learn the human capital management, financial, and legal perspectives needed to make technology work for them. Graduates can pursue work as financial analysts, governance experts, virtual team managers and more.

Instead of selecting from a list, all High Technology Management students must include each of the following three classes among their five electives:

  • Entrepreneurial Finance for High Tech Companies
  • Virtual, Vicious Teams: Building and Leading High Performance Teams
  • Business Law, Corporate Governance, and Intellectual Property Strategies

Innovation Entrepreneurship
Entrepreneurship and innovation are two of the most common goals among today’s corporate decision-makers. The curriculum for this concentration instructs professionals in developing and testing concepts, directing the day-to-day operations of a startup, developing a company sustainably and comprehending the Stage-Gate process. Graduates taking this specialization can market their services as business or product development directors, chief technology officers, and more.

Three of students’ five electives must come from the following list to take the Innovation Entrepreneurship concentration:

  • Managing Operations in Early Stage Ventures
  • Entrepreneurship Services and Retail Business Creation
  • New Venture Creation
  • Global Social Entrepreneurship and Innovation
  • Entrepreneurial Finance for High Tech Companies
  • New Product Development

International Management
Cross-border leadership demands a few unique skills, as imparted in this concentration. Business college students can learn to manage finances in multiple currencies, adjust strategies in culturally aware ways, and make inroads in developing economies. Branding and value creation around the world are some of the values imparted in the related courses, and graduates can seek work as program directors, account managers, financial controllers, trade managers, or business development managers, all with an international focus.

Students must take three of the following courses among their electives to select the International Management concentration as part of the online MBA degree program:

  • International Finance Management
  • Cultural Aspects of International Business
  • Creating Sustainable Competitive Advantage Through Global Innovation
  • International Marketing
  • Global Supply Chain Management
  • Global Social Entrepreneurship and Innovation

Marketing
The marketing concentration is focused on all aspects of product promotion, from overseeing the relationship with customers to measuring the use of new technology in selling. Students can learn how to market services and products at home and abroad and may seek roles as executives, directors, researchers, or database managers in the marketing department, as well as brand managers.

Students must take three of these courses for the Marketing concentration:

  • Marketing Research
  • International Marketing
  • New Product Development
  • Market Focused Strategy
  • Marketing in Service Sector
  • Digital Marketing
  • Brand and Advertising Management

Supply Chain Management
With logistics challenges growing more complex amid widespread globalization, there is a need for professionals with supply chain administration expertise. Students in this concentration can learn about the value of sustainability, find out how to join supply chain operations to dynamic business environments, and comprehend global expansion, security, and risk management. Graduates can seek careers as logistics managers, transportation managers, purchasing managers, or other types of supply chain leaders.

Three of students’ five electives must come from the following courses:

  • Operations and Supply Chain Management
  • The Transportation Industries
  • Strategic Sourcing
  • Sustainability and Supply Chain Management
  • Global Supply Chain Management

Sustainability
Companies today and in the future must focus on renewable resources and environmentally friendly policies to please regulators, display corporate social responsibility, and safeguard the world for future generations. Courses in the related online MBA degree program concentration tackle environmental awareness from all angles, with a focus on science and research. Graduates can seek roles as sustainability managers, directors of sustainability at universities, governance experts, or general leaders.

Students must take three of the following four courses to enter the Sustainability concentration:

  • Sustainability and the Economics of Markets
  • Sustainability and Leadership
  • Sustainability and the Business Environment
  • Sustainability and Supply Chain Management

A business professional studies data on a laptop

What types of scholarships can help MBA students with their financial obligations?

Prospective students interested in a specific concentration should move on to determining their financial readiness to enroll in a college of business. As with undergraduate education, many programs and scholarship options can provide financial aid and support to professionals who are interested in enrolling in AACSB-accredited graduate programs to seek an MBA. When applying to study for a degree, it is worthwhile to investigate the sources of funding assistance on offer. Potential MBA students may discover the decision to enroll in a college of business is easier when scholarships are available, assisting them on the road to graduate-level education.

Double Husky Scholarship

The Double Husky Scholarship is for students who already received an undergraduate, masters, or doctoral degree at Northeastern and are returning for graduate-level studies, including the online MBA program. The discount granted by this scholarship takes 25 percent off of tuition. One thing for applicants to consider is that this scholarship does not stack with other Northeastern aid programs; the highest-value scholarship takes precedence, except in the case of the Edge Grant, which is a potential addition to the Double Husky Scholarship.

Edge Grant

An Edge Grant is an addition to the Double Husky Scholarship for individuals who completed their Northeastern undergraduate education in four years, within the past five years. On top of the 25 percent tuition discount, the Edge Grant adds $5,000 toward one of the 110 higher learning programs that qualify, including the online MBA.

Parent and Family Scholarship

The Parent and Family Scholarship is similar to the Double Husky Scholarship in that it takes 25 percent off of the costs of tuition. Instead of applying to individuals who already have a Northeastern degree, however, this aid package is for people who have children or siblings who are full-time students in undergraduate day programs at Northeastern.

Yellow Ribbon Program

Northeastern University offers the Yellow Ribbon Program, part of the Post-9/11 GI Bill® and is designed to help military veterans enter one of Northeastern’s degree programs, including graduate school business programs. Depending on a student’s field of study, an individual may receive up to $30,000 a year from this program. The university has invested $2 million to help these students complete their college education. Veterans who have served at least 36 months of active duty after Sept. 10, 2001, are eligible for the program, as are individuals who received an honorable discharge for a service-related disability and served at least 30 continuous days after September 10, 2001. Dependents eligible for Transfer of Entitlement under the Post-9/11 GI Bill® from a veteran who meets either of the two previous criteria may also qualify for this program.

Who is eligible for the online MBA program?

The AACSB-accredited and NEASC regionally accredited online MBA program at the D’Amore-McKim School of Business is designed for professionals who are currently employed full time and want to expand the knowledge they gained when earning a bachelor’s degree. This means the college of business has a few application requirements that go beyond basic academic qualifications. Students must have five years of work experience in roles relevant to management or leadership; individuals who want to enter the program with fewer years of professional history may submit additional information, such as Graduate Management Admission Test (GMAT) scores, to warrant consideration. For most students, however, those test results are not required, with no need for an added GMAT waiver. In addition to academic transcripts, prospective students must provide a current resume.

Applicants must have an undergraduate bachelor’s degree from an accredited college, with a GPA of 3.0 or higher on a four-point scale during their undergraduate studies. An application must also contain two professional letters of recommendation, and these letters must be from professional contacts rather than family members or friends.

For ambitious professionals who meet those requirements, applying for an online MBA program is a way to pursue growth in a rigorous environment. Paired with knowledgeable faculty and presented with a relevant curriculum that reflects real-world business conditions, online education MBA students can realize their potential, whether they’re interested in pursuing a general MBA or a specialized degree. The D’Amore-McKim School offers convenient scheduling, and the university offers a variety of financial aid options including scholarships and funding variations to help applicants enter the program without worrying about their finances. Contact an admissions advisor to learn more.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at http://www.benefits.va.gov/gibill.

 

Sources

Northeastern University – Online MBA Program Details

Northeastern University – Yellow Ribbon Program

Northeastern University – Double Husky Scholarship

Northeastern University – Tuition and Fees

Northeastern University Student Health Plan – Effective Dates and Costs