The University of North Carolina is a public university that was founded in 1789. Its total undergraduate population is 18,400, and the university is currently ranked as the 30th best national university according to US News and World Report. It also is ranked the 12th best value university according to US News. UNC also features highly rated online business programs; its online MBA program currently is ranked the 4th best in the nation.
Highly rated online MBA program
The online MBA program offered through UNC’s Kenan-Flagler Business School is ranked #4 by US News and World Report. The program features the same professors and content online as the on campus MBA.
US News and World Report notes that the student engagement rank for the online MBA program is #2. This means that the business school receives high marks for engaging with online students during the MBA program.
The online MBA program also receives a very high peer assessment score in the US News rankings. This is a ranking from 1-5 from other educational institutions in business education. UNC’s ranking is 4.2, which indicates that the MBA is held in high regard by other universities.
Large, international alumni community
The Kenan-Flagler Business School has more than 34,000 graduates living and working in almost 100 countries. The Economist has stated that the alumni community for UNC’s MBA program is the 8th best in the world, in terms of its range and helpfulness to current students.
Business school alumni from UNC work in everything from start ups to Fortune 500 companies around the world – from New York City to Shanghai and Hong Kong.
High level of work experience among online MBA attendees
One of the less known but very important parts of any MBA program is the experience level of the students who have been admitted. Generally, the more work experience students have in the business world, the better quality the MBA program will be.
This is because professionals in an MBA program together often learn and network with one another. People who have many years of business experience are better learning sources than students who just earned their bachelor’s degree last year and have not worked yet.
US News and World Report states that 100% of students attending the online MBA program have work experience, and the average months of work experience for all attendees is 119. That is nearly 10 years average work experience in the business world.
This suggests that UNC places a high degree of emphasis on only admitting students with significant work experience. Selecting students who have a lot of business experience will usually result in a better overall educational experience for all students in the program.
Least Favorite Features
All classes are recorded and archived
The online MBA program at UNC is asynchronous, meaning that the daily courses are recorded and students view them on their own schedule.
While many students with busy lives will prefer to take their classes on their own and on their own time, some students find that taking classes alone is very challenging. Without other people taking the class at the same time, some students feel too isolated and less motivated.
Some universities offer live classes for some or all of their MBA program. This type of schedule requires you to show up at set times for class. Some students find this type of learning easier.
Whether you prefer live or recorded classes depends entirely upon your schedule and your learning preferences.
Tuition is expensive for online MBA program
The tuition for the online MBA program is $1,728 per credit hour. While this is the same amount for in state and out of state residents, the total tuition for the program comes in at $114,000. This is one of the most expensive tuitions for MBA programs in our research.
An argument can be made that the quality of the program makes more than makes the cost worth it. But a total price of more than $100,000 will require the student to land an excellent job to make this large investment pay off in the long term.
Standardized test scores are required for admission
Entrants into UNC’s graduate business degree school programs must still submit either their GRE or GMAT scores to be considered. There is no way to request a waiver for the GMAT or GRE; all students must submit their scores.
There is conflicting evidence about whether standardized test scores are a reliable indicator of one’s ability to succeed in graduate school. Studying for these tests takes time and money.
- Founded in 1870
- Application deadline: Rolling
- Application fee: $80
- School type: Private
- Term Schedule: Semester
- Location: Chapel Hill, North Carolina
- Student-faculty ratio: 14:1
- Graduate: Online MBA – $1,728 per credit hour
- Undergraduate: Online: varies
- Graduate: MBA, accounting
- Undergraduate: Business administration, financial administration
Concentrations – MBA
- Corporate Finance
- Global Supply Chain Management
- Investment Management
- Sustainable Enterprise
- Management Consulting
- Data Analytics and Decision Making
- 76% of MBA students promoted or changed jobs while in program
- 29% average salary increase after graduation
- 500+ promotions and job changes since MBA program started in 2011
- 1,047 online MBA students in program
Graduation and Retention Rates
- Average freshman retention rate is 97%, which is outstanding and well above the national average of 71%
- On time graduation rate is an impressive 90.1%
- Only 9.7% of students failed to graduate within 150% of the expected time
US News Rankings
- Best online MBA programs: 4
- Best online graduate business programs (not MBA): 22
- Best value schools: 12
- National universities: 30
- Best colleges for veterans: 18