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Master of business administration (MBA) programs help learners develop advanced expertise in business areas. Master of science (MS) degree-seekers develop knowledge and skills related to fields such as engineering, medicine, and science.
Learners interested in both business and an area of science can pursue a dual MBA/MS program. Graduates of MBA/MS programs can pursue careers in business analytics, finance, supply chain management, marketing, and management information systems.
Students in online dual-degree programs typically earn both degrees in less time than they would need to complete each program separately. Additionally, distance learning can help working professionals maintain their career while studying.
The amount of time necessary to complete online dual-degree programs varies by school. However, most dual MBA/MS programs require 3-5 years. Students in online dual-degree programs typically maintain a heavier workload than learners earning only one master’s degree. To succeed in online dual-degree programs, enrollees need persistence and a strong work ethic. Strong organizational skills help degree-seekers navigate the intensive program while balancing personal and professional responsibilities.
This guide highlights the best dual-degree programs for busy learners and explores typical program requirements and financial aid opportunities.
FAQ on Dual-Degree MBA+MS Programs
Online dual-degree programs that confer an MBA and an MS include coursework in both fields. Learners study business topics and a science-related discipline.
Degree completion times for dual MBA/MS programs vary by school. However, these programs typically require 3-5 years.
Many schools offer online dual-degree programs, including MBA/MS programs. Distance learners may need to complete some in-person requirements.
Individuals earning MBA and MS degrees study various business topics, such as supply chain management and marketing. Common MS majors include exercise physiology, mathematics, and medical science.
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Career and Salary Outlook for MBA Graduates
Earning a dual MBA/MS degree can lead to increased job prospects. Degree-seekers gain transferable skills that can apply to positions in various industries. Dual MBA/MS programs help learners develop business skills, along with abilities in another specialized field such as engineering or medicine. Some programs offer further specialization options in areas such as biotechnology and healthcare leadership.
Master’s degree-holders benefit from above-average salaries and low unemployment rates. Professionals with a master’s degree earn a median weekly salary of $1,497, compared to a weekly salary of $1,248 for bachelor’s degree-holders, according to the Bureau of Labor Statistics (BLS).
Additionally, the BLS reports that master’s degree-holders enjoyed a 2% unemployment rate in 2019. During the same year, the unemployment rates for individuals with a bachelor’s degree and high school diploma were 2.2% and 3.7%, respectively.
The best dual-degree programs offer complementary degree options. For example, learners may pursue an MBA and a master of science in nursing. This combination prepares students to secure leadership roles managing healthcare resources. Students could also earn an MS in biotechnology alongside their MBA degree. This combination blends accounting and finance coursework with studies in biostatistics, biochemistry, and bioinformatics.
Accreditation for Online MBA+MS Programs
Accreditation demonstrates that the college or university meets or exceeds set standards of academic quality. Institutions in the United States can receive national or regional accreditation.
Regional accreditation requires stringent standards and is considered the most prestigious form of institutional accreditation. Regionally accredited schools typically only accept transfer credits from other regionally accredited institutions.
Individual programs can receive field-specific accreditation. Organizations that accredit MBA programs include the Association to Advance Collegiate Schools of Business, the Accreditation Council for Business Schools and Programs, and the International Accreditation Council for Business Education.
Prospective students can use the online database from the Department of Education to verify the accreditation status of any school or program.
Financial Aid
Students can apply for various forms of financial aid to help fund their MBA/MS dual-degree program. Learners should begin by completing the FAFSA to determine their eligibility for federal aid. The federal government offers grants, loans, scholarships, and work-study opportunities.
Because graduate degrees often cost more than undergraduate degrees, MBA/MS students often apply for scholarships and grants to minimize debt. Master’s students may also qualify for tuition assistance from their current employer.
Scholarships for MBA Students
College students at any level can take advantage of scholarship opportunities. Learners pursuing online dual-degree programs can apply for scholarships related to both of their fields of study. Students may also qualify for awards based on factors such as financial aid, identity, or geographic location. The list below includes four scholarship opportunities for learners pursuing dual MBA/MS degrees.
Who Can Apply: This scholarship supports women pursuing a business degree. Candidates must be studying an approved specialization area, such as finance, marketing, or business management. Applicants must live or study in a district or region with a Zonta club. Amount: $2,000-$8,000
Who Can Apply: The Securities and Insurance Licensing Association Foundation awards this scholarship to degree-seekers studying an approved field, such as finance or business administration. Applicants must meet enrollment and/or work requirements, and they need a minimum 3.0 GPA. Amount: $1,000-$2,500
Who Can Apply: High school juniors and seniors and college students can apply for this award. Applicants must submit an essay of 500-1,000 words detailing their academic, career, and life goals. Candidates must apply by June 12. Amount: $1,000
Who Can Apply: The Hispanic Scholarship Fund administers this award for graduate, undergraduate, and high school students with Hispanic heritage. Current postsecondary students need a minimum 2.5 GPA. Amount: $500-$5,000
Online Dual-Degree MBA+MS Programs
The following ranking features the best dual-degree programs for online students pursuing MBA and MS degrees. Many busy professionals choose online graduate programs to more easily balance academics with other responsibilities. Learners should review each program’s curriculum to choose an option that aligns with their career goals.
Troy, MI
A private school based in Troy, Michigan, Walsh offers a master of business administration and master of science dual-degree program. Students can obtain a master of science in finance, information technology leadership, management, or marketing.
Learners enrolled in Walsh’s dual degree MBA MS program take an additional 4-6 courses. Many students earn their degrees in under 18 months. Students can choose to take courses online in small classroom environments. Walsh also offers year-round registration to help students plan their class schedule in advance. Notable courses in the MBA program include principles of finance, business analytics, and marketing fundamentals. Students also take courses related to their chosen MS degree program.
Applicants must hold an undergraduate degree from an accredited college or university to qualify for admission. They must also demonstrate a GPA of 2.75 or higher. Other admission requirements depend on the applicant’s chosen MS program.
A private Christian university based in Marion, IWU offers a master of business administration and master of nursing dual-degree program. The program prepares students for leadership positions in nursing.
IWU’s 60-credit, online dual-degree MBA+MSN program requires students to take 30 nursing credits and 30 business credits. Students learn both fiscal and healthcare management skills. Notable courses include healthcare principles and policies and business economics. Students complete 245 hours of an onsite practicum to apply skills learned in classes. These practicums require an active nursing license in the state of practice. Many graduates pursue careers in nursing administration and other leadership roles in healthcare settings.
Applicants must hold a bachelor of science in nursing from an accredited college or university. Those without a nursing degree must demonstrate 10 years of experience in nursing practice. Admission also requires a portfolio of nursing accomplishments.
A private university located in Baltimore, Maryland, Johns Hopkins features a master of business administration and master of science in biotechnology dual-degree program. The program caters to working adults looking to earn two degrees without career disruption.
Johns Hopkins’ dual-degree MBA MS program allows students to take classes online, onsite, or both. Students may choose from six concentrations, including financial businesses, healthcare management, leading organizations, and marketing. Courses include biochemistry, business law, and investments. Some courses require students to participate in an on-campus residency. Students complete 31 courses over three years. Many students complete courses part time.
The program accepts applications on a rolling basis. Prospective students apply to the Krieger School of Arts and Sciences Advanced Academic Programs. Johns Hopkins offers financial aid options for students such as payment plans, scholarship, and employer tuition benefits.
A public university with five campuses across Phoenix, ASU offers a master of business administration and master of science in industrial engineering dual-degree program. The program helps working adults maintain current skills and gain advanced business knowledge.
ASU’s 56-credit online dual-degree MBA+MS program allows students to enroll in one course at a time. Courses include productive systems, ethical issues for managers, and regression analysis. Students participate in an integrative capstone MBA course. They also take a comprehensive MS exam. ASU strongly encourages students to attend a one-time orientation on campus. Many graduates pursue leadership positions in the engineering industry.
Applicants only need to submit one application for both degree programs. They must submit answers to three essay questions and a current resume. Admission requires GMAT scores, but ASU may accept GRE scores. Applicants must hold a bachelor’s degree in industrial engineering, computer science, mathematics, or a related engineering field.
A private university located in New Castle, Delaware, WilmU features a master of business administration and master of science in nursing dual-degree program. The program prepares nurses for leadership positions in the healthcare industry.
WilmU offers the 51-credit dual degree MBA MSN program online. Students must complete prerequisite courses. Notable courses include leadership roles in advanced nursing practice, managerial accounting, and legal aspects in healthcare. Enrollees also complete a nurse leadership portfolio after finishing coursework. Many graduates pursue careers as compliance managers, clinical data managers, and administrative services managers.
Applicants must submit a registered nurse license and official transcripts to qualify for admission. They must also hold a bachelor’s degree in nursing from a nationally accredited program. WilmU requires a grade of “C” or higher in an undergraduate statistics course. Prospective students can meet with an admissions specialist for enrollment help.
A private university based in Washington, D.C., GW offers a master of business administration and online master of science in project management dual degree. The program allows students to complete both degrees in 24 fewer credit hours than if pursued independently.
GW’s 64-credit online dual degree MBA+MS program prepares students for project-based business careers. Students can take three-credit courses over one semester and 1.5-credit classes over seven weeks. The program features traditional lecture-based courses. Learners also complete capstone courses and residencies for experiential learning opportunities. Notable project management classes include statistics for management, risk management, and executive decision-making.
Applicants submit a current resume and official transcripts. They must also include at least one recommendation letter and a statement of purpose addressing academic and professional interests. For the 2021 application cycle, GRE and GMAT scores are optional. Some applicants sit for an interview.
A public school part of the University of Texas System, UT Tyler offers a master of business administration and master of science in nursing dual-degree program. The program prepares students for careers in healthcare administration or doctoral studies.
UT Tyler’s 63-credit online dual-degree MBA+MS program allows working nurses to earn their degree. Students work individually with professors for personalized mentorship and learning. Courses include leadership in the healthcare environment, advanced financial management, and nursing administration. Full-time students typically complete the degree in three years. Students also complete a practicum for hands-on learning experiences.
Tuition depends on the delivery and frequency of courses taken per semester. Applicants must submit GMAT scores. They must also submit proof of nursing licensure, CPR certifications, and immunizations.
A private school based in Webster Grove, Missouri, Webster offers a master of business administration and master of science dual-degree programs. Students can choose from various specializations including environment management, finance, marketing, and management and leadership.
Webster’s dual-degree MBA MS programs allow students to earn their degrees fully online. Students can also choose a hybrid format that combines online courses with two hours of in-person classes per week. The hybrid format reduces class time per week by providing course content online. Notable MBA courses include value creation, market analysis, and quantitative methods. Students also complete a final capstone for the MBA program. In the capstone, students work with an organization to identify opportunities and challenges.
Applicants must hold a bachelor’s degree from an accredited college or university to qualify for admission. They must also demonstrate a GPA of 2.5 or higher.
Located in Longmeadow, Massachusetts, Bay Path offers a master of business administration and master of science in communications and information management dual-degree program. The program allows students to customize their learning experience.
Bay Path’s dual-degree MBA MS program teaches students the connections between business and leading technology. Many students complete 20 classes to earn their degree in two years. Learners can enroll in fully online communications and information management courses. They can choose between online, in-person, or a hybrid format for MBA courses. Both the MBA and MS programs offer an accelerated track with full- or part-time enrollment options.
Prospective students work with the graduate admissions office to customize their degree program. MBA applicants submit an essay on the importance of the program to their professional and personal goals. They also submit official transcripts, a resume, and two recommendation letters.
A public university based in Beaumont, Texas, LU features a master of business administration and master of science in management information systems dual-degree program. The program allows working adults to earn two degrees without career disruption.
LU’s 48-credit dual-degree MBA MS program allows students to take courses online or in person. Students must complete the requirements for each degree separately.
Courses include strategic management, supply chain management, and business intelligence. Students also complete internships to receive practical field experience. Many graduates pursue careers as business analysts, business intelligence designers, or IT specialists.
Prospective students must meet the requirements for both the MBA and MS degrees. Due to Covid-19, GRE and GMAT scores are temporarily waived for applicants with a GPA of 2.5 or higher. Tuition depends on state residency. Students pursuing on-campus study can apply for graduate assistantships. LU awards graduate assistants a stipend for 19.5 hours of work per week.
Jane M. Klausman Women in Business Scholarship
