The Master of Business Administration (MBA) is a graduate-level degree program that focuses on developing skills and knowledge in various areas of business management and leadership, aiming to equip students with the tools and expertise needed to succeed in the business sector.
MBA programs typically cover a range of subjects, including finance, marketing, operations management, human resources, and strategy. These courses provide students with a comprehensive understanding of key business concepts and practices, as well as the analytical and critical thinking skills necessary to solve complex business problems.
Obtaining an MBA can significantly enhance your career prospects in the business world, as it equips you with advanced business knowledge, leadership skills, and a valuable professional network that can open doors to new opportunities and advancement in your career.
In Texas, several business schools offer outstanding MBA programs that are highly regarded in the business world. When choosing the best MBA program, factor in the cost, accreditation, range of concentrations offered, faculty expertise, alumni network, and career placement services.
This article provides a comprehensive list of the best MBA programs in Texas 2024, offering valuable information to individuals interested in pursuing an MBA and helping them make informed decisions about their business career aspirations.
Best MBA Programs in Texas 2024
Top 10 MBA Programs in Texas for 2024
1. Texas Christian University Neeley School of Business
The Texas Christian University Neeley School of Business is located in Fort Worth, Texas. The Neeley School of Business has been dedicated to providing students with a comprehensive business education that prepares them for success in the dynamic global marketplace.
The Neeley School of Business offers a wide range of undergraduate and graduate programs, including Bachelor of Business Administration (BBA), Master of Business Administration (MBA), and specialized master’s programs. With a focus on experiential learning, innovative curriculum, and personalized attention from faculty, students at the Neeley School of Business gain practical skills and knowledge to thrive in their chosen fields.
Students have the opportunity to pursue a Master’s of Business Administration (MBA) degree through the Neeley School of Business, with six distinct tracks available. These options include Full Time MBA, Professional MBA, Executive MBA, Energy MBA, Healthcare MBA, and MBA/EdD Dual Degree. The Energy, Healthcare, and MBA/EdD Dual degree tracks offer specialized pathways that set them apart from other programs. The estimated program tuition is $53,280.
2. Southern Methodist University Edwin L. Cox School of Business
The Edwin L. Cox School of Business at Southern Methodist University, located in Dallas, Texas, has a prestigious reputation and a rich history of excellence in business education. The Cox School of Business is committed to providing students with a comprehensive and innovative learning experience that prepares them for success in the dynamic world of business.
At the Cox School of Business, students have access to a wide range of undergraduate, graduate, and executive education programs. The school offers undergraduate degrees in various business disciplines, including finance, marketing, management, and accounting.
At the graduate level, the Cox School of Business offers highly regarded MBA programs, specialized master’s degrees, and executive education programs tailored to the needs of working professionals. The programs offered at this school is one of the best MBA programs in Texas. The estimated tuition for the program is $60,000.
3. Texas A&M University Mays Business School – College Station, Texas
The Mays Business School at Texas A&M University, located in College Station, Texas, is renowned for its excellence in business education and research. The Mays Business School is committed to providing students with a comprehensive and innovative learning experience that prepares them for success in the global business landscape.
At Mays Business School, students have access to a wide range of undergraduate, graduate, and executive education programs. The school offers undergraduate degrees in various business disciplines, including finance, marketing, management, and accounting. At the graduate level, Mays Business School offers highly regarded MBA programs, specialized master’s degrees, and executive education programs tailored to the needs of working professionals.
The available concentrations comprise Entrepreneurship, Financial Analytics, Marketing Analytics, Supply Chain Analytics, and Data Analytics. Additionally, students have the option to pursue certificates in Supply Chain Management, Business Management, Entrepreneurship and Technology Commercialization, Advanced International Affairs, Public Health, Health Systems Management, and International Business. The approximate program tuition stands at $52,000.
4. University of Texas at Dallas Naveen Jindal School of Management
The University of Texas at Dallas Naveen Jindal School of Management is esteemed for its comprehensive business education offerings.
Their MBA programs provide specialization options including finance, marketing, supply chain management, and healthcare management. This school prioritizes experiential learning, advanced research, and industry collaborations to equip students for leadership positions in the global business sector. The estimated program tuition is $28,010.
5. University of Texas at Austin Red McCombs School of Business – Austin, Texas
The University of Texas at Austin Red McCombs School of Business is one of the top-ranked business schools in the United States. It was founded in 1922 and has a reputation for excellence in business education, research, and leadership development. It is widely recognized as a college that offers the best MBA programs of 2024 in Texas.
The McCombs School of Business offers a wide range of undergraduate, graduate, and executive education programs. At the undergraduate level, students can pursue Bachelor of Business Administration (BBA) degrees with majors ranging from accounting and finance to marketing and management. At the graduate level, the school offers highly regarded MBA programs, specialized master’s degrees, and PhD programs in various business disciplines.
The MBA program at the McCombs School of Business provides students with an extensive selection of 20 concentration areas to specialize in, including Government and Society, Accounting, Risk and Operations Management, Interdisciplinary Business Topics, Information, Marketing and Business, Management, and Finance. Renowned for its challenging curriculum, highly skilled faculty, and dedication to excellence throughout students’ academic journey and beyond, this program is highly regarded. Estimated Program Tuition: $66,596.
6. University of Houston C.T. Bauer College of Business – Houston, Texas
The University of Houston C.T. Bauer College of Business is a renowned institution known for its commitment to providing quality business education. Located in Houston, Texas, the Bauer College of Business offers a wide range of undergraduate, graduate, and professional programs to prepare students for success in the business world.
The Bauer College of Business at the University of Houston offers a range of courses across various business disciplines. Some of the concentrations available include accounting, finance, management information systems, marketing, supply chain management, entrepreneurship, real estate, human resource management, business analytics, energy and sustainability, and international business. These concentrations allow students to specialize in specific areas of business according to their career goals and interests.
7. Rice University Jesse H. Jones Graduate School of Business
The Rice University Jesse H. Jones Graduate School of Business is a prestigious institution known for its commitment to excellence in business education. Located in Houston, Texas, the Jones School offers a wide range of graduate programs designed to prepare students for leadership roles in various industries.
At the Jones School, students can pursue a Master of Business Administration (MBA) degree with a focus on different concentrations. The Rice University Jesse H. Jones Graduate School of Business offers concentrations in finance, marketing, entrepreneurship, healthcare, energy, real estate, operations management, consulting, strategy, and leadership.
These concentrations allow students to tailor their MBA experience to their specific career goals and interests. Additionally, the Jones School offers specialized master’s programs in fields such as accounting, finance, and business analytics, providing students with opportunities for in-depth study and specialization in their chosen area of interest.
8. University of Texas at Arlington College of Business
The University of Texas at Arlington College of Business was established in 1959. It offers a wide range of business courses across various concentrations to cater to the diverse interests and career goals of its students.
The University of Texas at Arlington College of Business offers concentrations in accounting, economics, finance, management, marketing, information systems, operations management, entrepreneurship, international business, and real estate.
These concentrations provide students with specialized knowledge and skills in their chosen areas of interest within the field of business.
Additionally, the University of Texas at Arlington offers many of its business courses online, providing flexibility for students who may not be able to attend classes on campus.
Baylor University, located in Waco, Texas, is a renowned institution that offers excellent academic programs. Baylor offers a wide range of programs across various disciplines, including business.
The Hankamer School of Business at Baylor University is highly regarded for its quality education and innovative approach to business education. Established with a vision to prepare students for success in the dynamic world of business, the Hankamer School offers a diverse array of business courses tailored to meet the needs of today’s competitive marketplace.
The Hankamer School of Business at Baylor University offers a comprehensive range of business courses covering areas including accounting, economics, finance, management, marketing, information systems, operations management, entrepreneurship, international business, and real estate.
These courses are designed to provide students with a solid foundation in business principles while also allowing them to specialize in their areas of interest through concentrations. The Hankamer School offers concentrations in various fields, enabling students to develop expertise in specific areas of business according to their career goals and aspirations.
10. Texas Tech University Rawls Jerry S. College of Business – Lubbock, Texas
Texas Tech University, established in 1923, is a prominent public research institution located in Lubbock, Texas. Renowned for its academic excellence and vibrant campus community, Texas Tech offers a wide range of programs across various disciplines, including business.
The Rawls Jerry S. College of Business at Texas Tech University is dedicated to providing students with a top-notch business education that prepares them for success in today’s competitive global market.
The Rawls College offers courses covering diverse areas such as accounting, economics, finance, management, marketing, information systems, operations management, entrepreneurship, international business, and real estate.
These courses are designed to provide students with a solid foundation in business principles while also allowing them to specialize in their areas of interest through concentrations. The Rawls College offers concentrations in various fields, enabling students to develop expertise in specific areas of business according to their career goals and aspirations.
Admission Requirements for MBA Programs in Texas
Admission requirements for MBA programs may differ slightly depending on what different institutions set. Here are some of the most common requirements for a MBA program:-
- Bachelor’s Degree: Applicants must have a bachelor’s degree from an accredited institution. While many MBA programs accept applicants from diverse academic backgrounds, some may require a degree in business or a related field.
- Work Experience: Many MBA programs prefer applicants with relevant work experience, particularly for full-time and executive MBA programs. The required amount of work experience varies but typically ranges from 2 to 5 years.
- GMAT or GRE Scores: Most MBA programs require applicants to submit scores from either the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE). These standardized tests assess quantitative, verbal, and analytical writing skills.
- Letters of Recommendation: Applicants are typically required to submit letters of recommendation from professional or academic references who can speak to their qualifications and potential for success in an MBA program.
- Statement of Purpose/Essays: MBA programs often require applicants to submit a statement of purpose or essays outlining their academic and professional goals, as well as why they are interested in pursuing an MBA.
- Resume/Curriculum Vitae (CV): Applicants are usually required to submit a current resume or CV detailing their educational background, work experience, skills, and achievements.
- Transcripts: Applicants must provide official transcripts from all undergraduate and graduate institutions attended, demonstrating academic achievement and coursework relevant to the MBA program.
- Interview: Some MBA programs may require applicants to participate in an interview as part of the admissions process. The interview allows admissions committees to assess applicants’ communication skills, professionalism, and fit for the program.
- English Language Proficiency: International applicants whose native language is not English may be required to demonstrate proficiency in English by submitting scores from tests such as the TOEFL or IELTS.
- Application Fee: Most MBA programs require applicants to pay an application fee when submitting their application.
It is important for prospective applicants to carefully review the specific admission requirements and deadlines for each MBA program they are interested in, as requirements can vary widely between programs. Additionally, applicants should consider factors such as program reputation, faculty expertise, and career outcomes when choosing which MBA programs to apply to.
Average Cost of MBA Programs in Texas
The cost of an MBA program in Texas depends on the type of institution you are looking at. Below, we have provided you with a range to help you budget accordingly:-
- Average total cost: The average total cost of a two-year MBA program is around $56,850 [1].
- Top-ranked programs: Top MBAs can cost upwards of $200,000 [5].
- In-person vs. online: Full-time, in-person programs tend to be more expensive than part-time or online programs, with an average cost of $43,400 per year compared to $14,500 per year [2].
If you’re considering an MBA, it’s important to factor in all the costs involved, not just tuition and fees. You’ll also need to consider living expenses, books, course materials, and other program-specific costs.
Highest Paying MBA Jobs in Texas
In the current world we live in, a degree is an investment. It is only right to know the jobs your degree can fetch you. Here are the highest-paying MBA jobs in Texas:-
- Chief Executive Officer (CEO): Salaries can range from $150,000 to millions of dollars annually, depending on the size and success of the company.
- Chief Financial Officer (CFO): CFOs can earn between $120,000 to $400,000 or more per year, with bonuses and stock options often adding to their compensation.
- Investment Banker: Investment bankers can earn salaries ranging from $100,000 to over $300,000 annually, with bonuses often doubling or tripling their base salary.
- Management Consultant: Management consultants typically earn between $90,000 to $200,000 per year, with bonuses and profit-sharing adding to their compensation.
- Marketing Director/Manager: Marketing directors and managers can earn salaries ranging from $80,000 to $180,000 annually, depending on the industry and company size.
- Product Manager: Product managers can earn between $80,000 to $150,000 per year, with bonuses and profit-sharing contributing to their total compensation.
- Data Scientist: Data scientists can earn salaries ranging from $80,000 to $200,000 or more annually, depending on their level of experience and the industry.
- Supply Chain Manager: Supply chain managers typically earn between $70,000 to $150,000 per year, depending on the size and complexity of the supply chain operations.
- Business Development Director/Manager: Business development directors and managers can earn salaries ranging from $80,000 to $180,000 per year, with bonuses and commissions often adding significantly to their compensation.
- Healthcare Administrator: Healthcare administrators can earn between $80,000 to $150,000 or more per year, depending on the size and complexity of the healthcare organization.
These salary ranges may be more or less depending on factors such as location, industry, company size, and individual experience and qualifications.