Do you like working with people and have a desire to lead? Do you look for a challenge in diverse workforces? Perhaps you even aspire to start your own business. If you want to become a leader in today's global business world you might consider one of the 10 Best Affordable Bachelor's in Business. Effective business leaders learn to succeed in today's global economy. They usually gain a broad background in social sciences, mathematics, economics, statistics, international relations, and foreign language during college. Those with a Bachelor of Business Administration can begin as first-level managers and move on throughout their careers to become executives. The possibilities are almost endless.
A degree in business administration is versatile, helping you kickstart so many different careers. Some of the possibilities include Accountant, Advertising Specialist, Banking Analyst, Business Operations Manager, Consultant, Entrepreneur, Finance Specialist or Manager, Human Resource Manager, Marketing and Sales Manager, Online Marketer, Product or Brand Manager, or Public Relations Specialist. A business degree can lead to a lucrative career. You should look for a university that is accredited by the Association to Advance Collegiate Schools of Business. The AACSB helps you ensure that the school you select meets rigorous education standards so you receive quality instruction. It helps prepare you gain entry into today's competitive market.
Why Get a Business Degree?
According to the Bureau of Labor Statistics, business and financial careers will see a 10 percent growth rate by 2026. This means more than 770,000 new jobs available in the job market for those with a business degree. There are many different options for you while pursuing a business degree. According to the BLS, Human Resource Managers with just five years on the job can expect a median salary of more than $113,000 annually. The BLS also shows that Financial Analysts can begin work with a BBA and no on-the-job experience with median annual salaries of more than $85,000. The demand for financial analysts is expected to grow 11 percent by 2026. With just five years of training, financial managers with a BBA can expect nearly $128,000 per year. The demand for experienced financial managers is growing by 19 percent over the next seven years.
Another popular area of study for those seeking to complete a business degree is marketing. The BLS indicates that marketing managers with a BBA can expect a median salary of more than $132,000 per year. Or is your dream to start your own business? Many of those completing a business degree go on to become successful entrepreneurs. If you are open to taking risks, and possibly receiving the greatest reward, this may be the right path for you. Small businesses are a significant part of today's economy. In fact, the U.S. Small Business Administration shows that small businesses created 66 percent of the new jobs during the past two decades. Many of the business schools on our list include incubators that can help you grow your business while you earn your degree.
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#1. UNIVERSITY OF WASHINGTON
The University of Washington has campuses in Seattle, Tacoma, and Bothell. The public research university, founded in 1861, gives you a chance to experience the art and culture of Seattle while getting your degree. UW ranked No. 3 among U.S. Public Institutions by the Times Higher Education World University Rankings. It is also an innovative school that encourages thought and diversity. It ranks No. 5 on the World's Most Innovative University by Reuters. UW offers campus tours but requests that you sign up in advance for the tour. The Foster School of Business offers a Bachelor of Arts in Business Administration. UW has a 48 percent freshman admission rate and 61.3 percent transfer rate from community colleges. Students can apply directly to the Foster School of Business if they have a high school GPA of 3.91 and SAT scores of at least 1410. Other students can apply to UW and then seek admission to Foster.
As a BABA student, you can select one of seven different programs of study: Accounting, Entrepreneurship, Finance, Human Resources Management, Information Systems, Marketing, or Operations & Supply Chain Management. It is also possible to design your own area of study. Your upper-level electives will vary depending on which option you select. UW also offers a Certificate of International Studies in Business to supplement your BABA. As a CISB student, you will have a chance to study abroad, take foreign language immersion courses, and complete area studies. This gives you a unique edge in today's global economy.
#2. UNIVERSITY OF MICHIGAN
The University of Michigan, headquartered in Ann Arbor, is the state's oldest university. Founded in Detroit in 1817, it now has campuses in Ann Arbor, Dearborn, and Flint. There are about 29,000 undergraduate students at the main Ann Arbor campus. The National Science Foundation ranks Michigan as the No. 1 Public Research University in the country. There are 19 schools and colleges at Michigan, including The Stephen M. Ross School of Business. Ross offers a Bachelor of Business Administration. The BBA is a four-year, 120-credit program and you can apply as a high school senior. Ross accepts a few transfer students each year. You begin taking classes at Ross during your freshman year at Michigan. The program is cohort-based, giving you a group of 80 students that you work with throughout the program. Your program includes 58 credits at Ross, 54 general education credits through U-M, and another eight credits that are floating courses, which you can take through Ross or U-M. You will also take a three-part, non-credit Identity and Diversity in Organizations class. Each year, you take part in a different experience and write a reflection paper.
Ross offers hands-on learning through a program it calls Ross Experiences in Action-Based Learning. Through the REAL program, you take part in the Michigan Business Challenge. This gives you a chance to pitch an original business plan. You can also take part in one of two accelerators, receiving mentorship, funding, and physical space for your startup. Your Capstone Experience, required during your last semester, is also a hands-on chance to apply classroom theory to the real world. Ross requires that you take place in the Signature Learning Experience each year. These experiential opportunities carry through your entire four-year program, encouraging you to relate theory to real-world practice.
#3. UNIVERSITY OF NORTH CAROLINA
The University of North Carolina in Chapel Hill is the country's oldest public university. It accepted its first students in 1795. As a student at UNC, you join almost 19,000 other undergraduates. It ranks in the top five public universities by The Wall Street Journal/Times Higher Education and U.S. News & World Report. UNC's Kenan-Flagler Business School has an action-based undergraduate business program. The program ranks No. 7 by Bloomberg Businessweek. Students can receive a Bachelor of Science in Business Administration from UNC. It builds on a combination of liberal arts foundations and general management principles. You must meet your general education requirements before you can apply to the Kenan-Flagler Business School. You can apply after your first year at UNC. Before admission to the business school you must complete one calculus-based math class such as Introduction to Statistics, Financial Accounting, Introduction to Economics, and Microeconomics. There are about 350 students admitted to the program each year.
The BBA requires nine core courses, six business electives, and five non-business electives. Your core courses, once accepted into the BBA program, include Management and Corporate Communication, Principles of Marketing, Corporate Finance, and Legal & Ethical Environment of Business. There are eight areas of emphasis you can select to customize your degree. Those AOEs are Consulting; Entrepreneurship; Investment Banking; Investment Management; Marketing Management & Sales; Multinational Finance; Operations; and Real Estate. Each AOE requires nine credits to receive the emphasis as part of your BBA.
#4. INDIANA UNIVERSITY – BLOOMINGTON
Indiana University Bloomington, founded in 1820, is the main campus for IU. From its beginnings as a state seminary, IU today has seven campuses and two regional centers. This diverse school is renowned for its art and music as well as its nuclear physics and leadership programs. IU's Kelley School of Business offers a Bachelor of Science in Business. The program has an average 17:1 student-to-faculty ratio and more than 66 percent of your classes will have fewer than 30 students. To earn your BSB, you will choose your major to help you develop business expertise. Most students at Kelley choose a major during their third year. Your major options are Accounting; Business Analytics; Digital and Social Media Business Applications; Economic Consulting; Entrepreneurship and Corporate Innovation; Finance; Information Systems; International Business; Law, Ethics, and Decision-Making; Management; Marketing; Operations Management; Professional Sales; Public Policy Analysis; Real Estate; Supply Chain Management; Sustainable Business; or Technology Management.
As a student at Kelley, you begin your program by taking Integrated Core prerequisites. These include general education courses in English and Math as well as first- and second-level business classes. You will take one class per year of Kelley Compass classes during your first three years. This gives you a broad business understanding and helps you define your interests before selecting a major. As a Kelley student, you must also take a Global Foundation Core during your second year. This gives you an overview to global business. You will take a block of four classes known as the Integrated Core. This block integrates finance, marketing, operations, and leadership. The rest of your classes are at Kelley, focused on your major.
#5. UNIVERSITY OF CALIFORNIA AT IRVINE
Founded in 1965, the University of California, Irvine is part of the UC system. From its Orange County location, you have access to the vibrant Southern California lifestyle. UCI ranked No. 3 Best College in the U.S. by Money, and No. 7 Public University by U.S. News & World Report. It also ranks as the No. 1 Cool School for its sustainability according to Sierra magazine. Today, there are 36,000 students attending UCI in 82 majors and 75 minors. You can complete a Bachelor of Arts in Business Administration from the UCI Paul Merage School of Business. To apply for the 230 openings at the business school each year, you need a minimum 3.0 GPA if you're a California resident. Non-residents need at least a 3.4 GPA. You must have a college-preparatory high school education with at least two years in a language other than English. You will need to supply ACT or SAT scores. Guided campus tours take place each weekday at noon. All accepted students must complete a summer orientation program.
Once accepted to Merage, you will complete 180 units, including ten core business courses and ten courses in your area of emphasis. UCI offers seven emphases in business: Accounting; Finance; Health Care Management; Information Systems; Marketing; Operations & Decision Technologies; or Organization & Management. UCI stresses the importance of today's global business environment. To ensure a global approach to business, you must complete either an Education Abroad Program or take international business courses. UCI also has a strong Internship Program offered through the Career Center. This gives you real-world experience with companies throughout Southern California. UCI also has the Undergraduate Administrative Intern Program. In this program, you complete a one-year program under UCI administrators. This experience in higher education is supplemented by a two-quarter management seminar and field trips to administrative conferences.
#6. UNIVERSITY OF TEXAS AT AUSTIN
The University of Texas is the state's public higher education system. There are nine universities and six health institutes across the state. The flagship campus, University of Texas at Austin, opened its doors in 1883. Today, there are more than 51,000 students at UT Austin, studying at 18 colleges and schools. It offers 156 undergraduate degrees. One of those is the Bachelor of Business Administration through the McCombs School of Business. McCombs accepts freshmen BBA students only for the fall semester. You apply as an unspecified business major and then select a business major, usually at the end of your sophomore year.
UT Austin offers ten majors within the BBA: Accounting; Finance; International Business; Management; Management Information Systems; Marketing; Science & Technology Management; and Supply Chain Management. You can also select the Business Honors Program which is modeled after case-based MBA programs. Finally, UT Austin offers an Integrated Masters in Professional Accounting. No matter which major you select, you will take core knowledge courses in calculus, economics, social science, history, visual and performing arts, writing, and literature. All UT Austin students complete a career planning course during the first year. McCombs also offers several business certifications to help you customize your degree. This preparation helps to make you more competitive upon entering the workforce. The certificate programs include Business & Public Policy; Energy Management; Undergraduate Real Estate certificate; Global Management; Business of Healthcare; and Risk Management. You also have a chance to select an Entrepreneurship minor if you are looking to launch your own business.
#7. UNIVERSITY OF IOWA
The University of Iowa, founded in 1847, sits along the Iowa River in Iowa City. It is about 100 miles east of Des Moines. Graduates over the years include Pulitzer Prize winners, a governor, filmmakers, judges, and politicians. Famous alumni include actor Ashton Kutcher, singer Al Jarrett, basketball player B.J. Armstrong, and Nancy Drew creator Mildred Wirt Benson. Today, there are about 33,000 undergraduate and graduate students at UI. It reigns in the top 50 Best Public Universities by U.S. News & World Report. There are about 200 majors and minors available, including the Bachelor of Business Administration available online from the Tippie College of Business. Iowa's Tippie College of Business ranks as one of the country's top 25 public business schools by U.S. News & World Report. You can apply to the program with a minimum of 24 semester hours. You must have Calculus & Matrix Algebra; Statistics for Business; Microeconomics; and Introduction to Financial Accounting.
The BBA is a 120-semester hour program, of which 48 hours must be in business. You complete three courses in Business Core I before declaring your major. Those three courses include Business Computing Essentials; Macroeconomics; and Managerial Accounting. Once in the BBA, you complete 24 semester hours in the Business Core II. Those courses include Information Systems; Introduction to Law; Introduction to Management; and Introduction to Marketing Strategy. You complete ten semester hours in your major. Those classes include Professional Preparation in Management; Individuals, Teams & Organizations; Strategic Human Resources Management; and Dynamics of Negotiation. You may also select an Entrepreneurial Management track within the BBA. You have options for experiential studies throughout the program. Those options include conducting research with UI faculty, completing internships, doing a study abroad, and completing experiential courses.
#8. UNIVERSITY OF FLORIDA
The University of Florida, founded in 1858 as the Gainesville Academy, is still located in Gainesville. UF is about an hour southeast of Jacksonville, 90 minutes from either the Atlantic Coast or the Gulf of Mexico. UF ranks No. 8 among public universities in the country by U.S. News & World Report. There are 16 colleges at UF, including the Warrington College of Business Administration. You can pursue a Bachelor of Science or a Bachelor of Arts from Heavener School of Business within Warrington.
The BSBA offers four majors: Finance, Information Systems, Management, and Marketing Studies. The 120-credit program requires 60 credits in your chosen major. All BSBA students take a group of seven core courses. Those courses are Legal Environment of Business; International Business; Business Finance; Principles of Management; Operations and Supply Chain Management; Principles of Marketing; and Statistics for Business Decisions. You then complete courses in your major and one course in professional communications. The remainder of your restrictive electives are in business. Those classes might include economics, information systems, managerial operations analysis, or entrepreneurship. All BSBA students complete an internship that includes applied work experience and related papers. The BABA is a blend of core business courses with a specialization from outside the School of Business. You can select from more than 70 disciplines including communications, travel and tourism management, Pre-Law, or Pre-Health. The BABA offers a broad foundation in business but is designed for those who plan to continue to graduate or professional school. During the BABA program, you complete the same core courses as BSBA students. You then take 12 credits in your area of specialization, 12 credits in business electives, and a professional communications course. BABA students also complete an internship during the first term of the senior year, after completing 150 credits. There is a six-week study abroad component for BABA students.
#9. GEORGIA STATE UNIVERSITY
Georgia State University, located in Atlanta and on six other campuses, is home to 51,000 students. From its beginnings in 1913, it has grown to a university with ten colleges and schools and more than 250 degree programs. GSU is one of the four research institutes in the state system. It ranks No. 2 most innovative university in the country by U.S. News & World Report. The J. Mack Robinson College of Business offers a Bachelor of Business Administration. The BBA ranks among the top 50 BBA programs in the country according to U.S. News & World Report. The GSU program blends experiential learning with classroom studies. As a BBA student, you have a chance to take part in such programs as WomenLead, the Panthers Accelerated Career Experience, Panthers on Wall Street, and Panthers in the Valley. Each of these gives you real-world experience under the guidance of Georgia State faculty.
When you begin your studies at Robinson College of Business, you select one of eleven areas of study for your BBA major. Those are Accounting, Actuarial Science, Business Economica, Computer Information Systems, Entrepreneurship, Finance, Hospitality Administration, Managerial Sciences, Marketing, Real Estate, or Risk Management and Insurance. Every 120-credit BBA program includes general education courses. You also complete courses in economics, Legal Environment in Business, business analysis, management, computer information systems, accounting, and corporate finance. All BBA programs include hands-on projects, which vary depending on your major. Some programs, such as economics, require a capstone. Others require a fieldwork component, such as current market analysis, risk analysis clinic, or working with nonprofits in the field. All majors require that you pass an exit exam during your final term at GSU.
#10. UNIVERSITY OF ARIZONA
The University of Arizona, founded in 1885 as the state's first college, is located in Tucson, about two hours south of Phoenix. It is a top 50 public university according to U.S. News & World Report. The Center for World University Rankings recognized Arizona in the top one percent of schools. There are almost 45000 students enrolled in 372 undergraduate, graduate, and specialist programs. UA has 21 colleges and schools, including the Eller College of Management. Eller offers a Bachelor of Science in Business Administration.
You begin your program at Eller as a Pre-Business major. During this portion of your degree, which is usually your first two years, you complete general education classes and Pre-Business Foundation courses. Your Pre-Business courses include computers, calculus, statistics, financial accounting, and analytical methods. Upon successful completion of your 58 to 64 credits in the Pre-Business program, you apply for professional admission to the BSBA program. Eller offers non-majors for the BSBA: Accounting, Business Administration, Business Economics, Business Management, Entrepreneurship, Finance, Management Information Systems, Marketing, or Operations Management. The Business Administration major within the BSBA is only available for online students. All BSBA students, across all majors, complete courses in marketing, business communications, organizational behavior and management, operations management, and business ethics and law. Along with declaring a major, you may also select an Accounting or Healthcare Management emphasis. Each emphasis is a nine-unit program completed over one summer. These experiences give you a unique edge as you enter the workforce.