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.
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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.
Top 10 Online Dual-Degree MBA+MS Programs 2021
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.
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.
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.
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.
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.
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.
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.
Online Dual-Degree MBA+MS Programs 2021
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.