15 Best Online Ph.D. Programs in Business in 2021 - Best Value Schools

15 Best Online Ph.D. Programs in Business in 2021

February 13, 2021 | Staff Writers

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Online PhD programs in business will allow graduates to gain a more in-depth, research-based education with several specialized areas to choose from, such as accounting, project management, marketing, and human resources. The best part about an online business program is the fact that students can learn from anywhere in the world while also working. 

If this educational program is something that interests you, we can help you choose the right online business degree. In fact, we have already researched institutions throughout the country that would serve your educational needs without breaking the bank. Below are our picks for the top 15 online Ph.D. programs

15 Best Online Ph.D. Programs in Business

1. Oklahoma State University (35 Points)

Ranked highly for being one of the most affordable accredited programs in the nation, the online graduate Business Administration program at Oklahoma State University allows students to learn at their own pace. The entire program is taught by faculty members at the Spears School of Business who also teach the on-campus version of this degree to ensure students receive the same education, whether they prefer in-person learning or online. It is a 33-credit hour, part-time program that will allow students to further their education while working. 

  • Annual in-state tuition: $5,531
  • Graduation rate: 65%
  • Student-to-faculty ratio: 18 to 1

2. Johnson University (32 Points)

Located in Knoxville, Tennessee, Johnson University is a private, Christian institution with small class sizes and more than 70 degree programs to choose from. The School of Business and Public Leadership offers an online Ph.D. program in Leadership with concentrations in educational leadership, organizational leadership, philosophy and theology of leadership, and missional leadership. This is a 60-credit hour program that is accredited by the Southern Association of Colleges and Schools Commission on Colleges. 

  • Annual in-state tuition: $10,350
  • Graduation rate: 63%
  • Student-to-faculty ratio: 10 to 1

3. Creighton University (29 Points)

The Doctorate in Business Administration program at Creighton University is not an entirely online program but does combine both online and on-campus learning by using a hybrid model. This accredited program will educate students on the four synergistic business disciplines, allows students to continue working while learning, and includes mentorship from the experienced faculty on campus. The program will take approximately three years to complete at a part-time level.

  • Annual in-state tuition: $16,128
  • Graduation rate: 81%
  • Student-to-faculty ratio: 11 to 1

4. Gardner-Webb University (28 Points)

To become a Doctor of Business Administration at the private, Christian institution of Gardner-Webb University, students are expected to complete 60-credit hours in 9 consecutive semesters. They will be able to choose from five concentrations, including Marketing, Accounting, Finance, International Business, and Management. This program is designed to help students reach their career goals in government, education, or business positions. 

  • Annual in-state tuition: $9,000
  • Graduation rate: 56%
  • Student-to-faculty ratio: 13 to 1

5. George Fox University (27 Points)

George Fox University has been nationally recognized for being among the top 10 “Best Religiously Affiliated Colleges” by Forbes, a “Best National University” by U.S. News & World Report, and one of the “Best Colleges for Your Money” by Money magazine. The online Doctor of Business Administration can be completed online with two in-person sessions in Newberg, Oregon each year. The program is accredited by the Council for Business Schools & Programs. 

  • Annual in-state tuition: $13,845
  • Graduation rate: 68%
  • Student-to-faculty ratio: 14 to 1

6. California Baptist University (26 Points)

Another private, Christian university to make our list is the Riverside, California-based institution of California Baptist University. One of the online doctorate programs offered is one in Business Administration that takes approximately three years to complete and requires the completion of 56 credit hours and a dissertation. Students will also learn how to synthesize their theoretical foundation, conduct relevant applied research, and create actionable plans to meet business goals. This program has been rated as the Best Online Doctorate for Business Administration by BestColleges.com.  

  • Annual in-state tuition: $12,830
  • Graduation rate: 63%
  • Student-to-faculty ratio: 16 to 1

7. Hampton University (25 Points)

Founded in 1868, Hampton University offers almost 100 majors on-campus and online, including an online Doctor of Philosophy in Business Administration. The program takes about 3 and a half years to complete and requires 61 credits to graduate, 24 of which are residency credits. The residency will take place on the Hampton, Virginia campus for four weeks in July. This is the perfect degree for those who aspire to have a career in leadership or administration. 

  • Annual in-state tuition: $12,475
  • Graduation rate: 60%
  • Student-to-faculty ratio: 14 to 1

8. University of Missouri- St. Louis (23 Points)

The University of Missouri in St. Louis has been nationally recognized as having the Best Online Programs in Missouri and being included in the top 15% in the United States. This institution has two doctorate level programs to choose from: Doctor of Business Administration and Doctor of Philosophy in Business Administration. Students will learn how to use applied research by enhancing their current methodological and analytical skills. 

  • Annual in-state tuition: $12,007
  • Graduation rate: 52%
  • Student-to-faculty ratio: 19 to 1

9. Keiser University (22 Points)

Located in the vacation destination of Fort Lauderdale, Keiser University has been ranked as the 9th Best Online Colleges out of 308 institutions. The Ph.D. program in Business Administration will give students the leadership, organizational, analytical, and communication skills needed to be successful in businesses in every industry. One of three specializations are available to choose from and requires 60 credits to be completed. Each course lasts eight weeks and students will only be given one or two courses at a time. 

  • Annual in-state tuition: $27162
  • Graduation rate: 69%
  • Student-to-faculty ratio: 14 to 1

10. University of Dallas (21 Points)

Sprawling across 1,000 acres, the University of Dallas has been providing continued education to undergraduates and graduates since 1956. Accredited by the Southern Association of Colleges and Schools and the Association to Advance Collegiate Schools of Business, this Christian university has graduate students from more than 40 states and 24 countries. The research-based Doctor of Business Administration program has been ranked as one of the Top 50 Business Management Doctorate Programs.

  • Annual in-state tuition: $33,750
  • Graduation rate: 71%
  • Student-to-faculty ratio: 11 to 1

11. Indiana Wesleyan University (20 Points)

The Business Administration program at Indiana Wesleyan University has four specialized areas: Accounting, Healthcare Administration, Information Systems, and Management. This three-year program provides several networking opportunities with peers and mentors and will assign a mentor to each student that will stay with them from the beginning of the program to the end. This program will prepare students for careers as consultants, professors, business leaders, and non-profit leaders. 

  • Annual in-state tuition: $11,083
  • Graduation rate: 38%
  • Student-to-faculty ratio: 14 to 1

12. Bellevue University (17 Points)

Located in Bellevue, Nebraska, Bellevue University offers a Doctorate in Business Administration that can be completed in three short years and does not require the completion of a dissertation. This program will teach students how to use research designs, cause-and-effect relationships, and analytical tools to solve “real world” business dilemmas. Each course takes approximately 10 weeks to complete and students are given a two-week break in between classes to recharge and focus on other responsibilities. 

  • Annual in-state tuition: $10,530
  • Graduation rate: 24%
  • Student-to-faculty ratio: 27 to 1

13. Pace University (15 Points)

Pace University is a private institution that educates almost 8,000 undergraduates. Not only does this New York City campus offer a wide range of on-campus degrees, but plenty of online degree programs are also available, including a Doctor of Professional Studies in Business. This program was designed for business professionals who want to grow their understanding of theory and research while continuing to work. This program was ranked as the 6th overall in the world and 1st overall in the entire United States. 

  • Annual in-state tuition: $31,320
  • Graduation rate: 57%
  • Student-to-faculty ratio: 15 to 1

14. Baker College (14 Points)

The online Business Administration Ph.D. program at Baker College combines residencies, seminars, classes, research papers, and a final dissertation to achieve a well-rounded education in the field of business. This 3 and a half year, 60-credit degree will give students the freedom to choose one of the six specialized areas or design one that fits their own interests and career goals. This institution is accredited by the Higher Learning Commission. 

  • Annual in-state tuition: $12,510
  • Graduation rate: 18%
  • Student-to-faculty ratio: 7 to 1

15. Our Lady of the Lake University (13 Points)

Founded in 1895, Our Lady of the Lake University is a private, Catholic college that has several campuses available throughout Texas, including San Antonio, Houston, and Rio Grande Valley. The School of Business and Leadership at this institution offers a Ph.D. in Leadership Studies, which is ideal for those who dream of achieving a leadership position in their current or future company. This program is a cohort program, meaning 15 to 25 participants will take the courses together as a way to collaborate and learn from one another, as well as the instructors. 

  • Annual in-state tuition: $16,326
  • Graduation rate: 42%
  • Student-to-faculty ratio: 12 to 1

The Formula Used to Rank Each College

As you may have noticed, there are points behind the name of each institution. These points were given based on two criteria: the annual in-state tuition costs and graduation rates. What we did is began by listing our top 15 schools on a spreadsheet, along with the data for our two criteria. As soon as this information was determined, we ranked each school by giving the school with the lowest tuition a 20 and the one with the highest cost a 1. The schools in between got between the numbers 2 and 19. The same was done when it came to the graduation rate, except the highest graduation rate was given a 20 and the lowest was given a 1. Once there were points for both categories, they were added together for each school, giving us the point total listed behind the college’s name. 

Hopefully, this information will help you determine where to further your education. We are here to help and welcome comments from anyone who believes some of the information is incorrect, as well as if you would like your institution listed in one of our articles. Do not hesitate to contact us with your questions or comments. 

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