2025 Best MBA Programs in Virginia

Compare MBA Program Averages in 2025
Virginia, the U.S. and Online

Averages	Virginia MBA Programs	Online MBA Programs	MBA Programs Nationwide
Average MBA Tuition	$33,332	$76,119	$85,145
Average Graduate Salary	$87,186	$82,169	$85,550
Average ROI	173%	196%	185%
Average GMAT Scores	578	561	567

What is the Average Tuition for MBA Programs in Virginia?

If you plan on attending an MBA program, it’s best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An online MBA program can provide the flexibility of completing a program while being employed in your respective career.

While the average in-person MBA program in Virginia will cost about $33,332, the least expensive MBA program is $13,950 from Longwood University, and the most expensive is $72,000 from University of Richmond.

An Online MBA program from an institution in Virginia will cost you between $13,950 from Longwood University and $53,064 from George Mason University. The average cost of online MBA programs within Virginia is $29,463.

Average Tuition for In-Person MBA Programs

Average: $33,332 from Virginia’s 14 in-person MBA Programs
Lowest in-person: $13,950 from Longwood University
Highest in-person: $72,000 from University of Richmond

What is the Average Graduate MBA Salary in Virginia?

While the average starting salary for graduates of an in-person MBA program in Virginia is about $87,186, the lowest average MBA starting salary is $58,900 from Virginia State University, and the highest average MBA starting salary is $125,000 from Virginia Polytechnic Institute and State University.

The average starting salary for graduates of an Online MBA program from an institution in Virginia is between $64,200 from Longwood University and $125,000 from Virginia Polytechnic Institute and State University. The average starting MBA salary for graduates of online MBA programs within Virginia is $93,047.

Average Graduate Salaries for In-Person MBA Programs

• Average: $87,186 from Virginia’s 14 In-Person MBA Programs
• Lowest In-Person: $58,900 from Virginia State University
• Highest In-Person:$125,000 from Virginia Polytechnic Institute and State University

What is the Average ROI for MBA Programs in Virginia?

Choosing an MBA program requires more than a glance at the school’s reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.

By scrutinizing the ROI, you’re not just making a decision—you’re making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.

While the average in-person MBA program ROI from Virginia is 173%, the lowest ROI is 4% from James Madison University, and the best ROI is 473% from Radford University.

The ROI from Online MBA programs in Virginia range between 22% from James Madison University and 473% from Radford University. The average ROI of online MBA programs within Virginia is 216%.

In-Person ROI for MBA Programs

• Average: 173% from Virginia’s 14 in-person MBA Programs
• Lowest in-person: 4% from James Madison University
• Highest in-person: 473% from Radford University

What is the Average GMAT Score Needed for an MBA Program in Virginia?

The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.

While the average GMAT score needed for in-person MBA program in Virginia is 578, the lowest average GMAT score is for an MBA program is 438 from Radford University, and the highest GMAT score needed is 720 from University of Virginia-McIntire.

The average GMAT score needed for an online MBA program from an institution in Virginia is between 438 from Radford University to 620 from Virginia Polytechnic Institute and State University. The average GMAT scored for online MBA programs within Virginia is 546.

Average GMAT Score for In-Person MBA Programs

• Average: 578 from Virginia’s 14 in-person MBA Programs
• Lowest in-person: 438 from Radford University
• Highest in-person: 720 from University of Virginia-McIntire

No GMAT or GRE – Best MBA Programs in Virginia

MBA Schools with the Most Alumni Virginia?

The importance of networking, whether it’s by way of campus job fairs, student organization members, or faculty mentorship, should not be understated. The average MBA enrollment size has a direct impact on your studies, your job prospects, and your ability to define your career goals.

Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.

For Virginia state’s MBA programs, the range for full-time enrollment is between 8 and 324. For part-time enrollment, the range is between : 38.00 and : 743.00.

Average Enrollment for In-Person MBA Programs

• Lowest: 8 from University of Richmond
• Highest: 324 from College of William and Mary
• Average: 122 from Virginia’s 14 MBA Programs.
• Average: 296 from 511 the nation’s campus MBA Programs.

What MBA Concentrations Available in Virginia?

Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Virginia businesses, MBA programs here have risen to the challenge by offering you an array of more than 31 MBA concentrations including:

• Marketing: 13
• General Business: 11
• Accounting: 10
• Data Analytics: 10
• Finance: 9
• Management: 9
• Information Systems: 8
• Corporate Finance: 8
• Economics: 5
• Global Management: 5

What Schools Offer the Widest Variety of MBA Concentrations in Virginia?

• University of Virginia-McIntire: 16
• Old Dominion University: 14
• Virginia Polytechnic Institute and State University: 13
• University of Richmond: 12
• George Mason University: 12
• James Madison University: 11
• Virginia Commonwealth University: 10
• Radford University: 10
• Shenandoah University: 8
• College of William and Mary: 8

Cities Offering MBA Programs in Virginia

Looking for a particular city in Virginia with an accredited MBA program? Research and compare MBA programs from other cities in Virginia. Find online programs, programs by concentration, by average GMAT score and more.

• Blacksburg
• Charlottesville
• Fairfax
• Farmville
• Harrisonburg
• Lexington
• Newport News
• Norfolk
• Radford
• Richmond
• Williamsburg
• Winchester

The Importance of MBA Accreditation

The importance of accreditation can’t be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.

AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.

MBA Program Options Available in Virginia

Options for earning your MBA in Virginia have never been more flexible. Virginia MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.

Virginia has 14 Accredited MBA programs. 1 private and 11 public schools offering MBA programs.

Virginia has 11 public schools and 1 private schools offering MBA degree programs.

14 Accredited MBA programs.  and 11 public schools offering MBA programs.

Virginia schools offer 10 different paths to earn your MBA in Virginia including Campus, Full-Time, Part-Time, Online, Evenings, Weekends, Distance Education, Off Campus, Partnership and 1-Year.

To meet the diverse needs of Virginia businesses, MBA programs here have risen to the challenge by offering you an array of more than 31 MBA concentrations to specialize in.

Awards for MBA Programs in Virginia

The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.

Of the 14 accredited MBA programs offered in Virginia, 12 of them have been recognized by at least one distinguished publication (MBAGuide, PQ, US News, Forbes, BW, FT and Economist) garnering an award as one of the best MBA programs in the country.

Virginia schools have earned a total of 22 Best MBA awards from publications. Here are the top MBA schools and the number of awards the each program has garnered:

• University of Virginia-McIntire: 7
• College of William and Mary: 5
• Virginia State University: 1
• Virginia Polytechnic Institute and State University: 1
• Virginia Commonwealth University: 1
• Shenandoah University: 1
• University of Richmond: 1
• Old Dominion University: 1
• Longwood University: 1
• James Madison University: 1
• George Mason University: 1
• Radford University: 1

Publications and the number of awards granted for Virginia schools:

• MBAGuide: 12
• US News: 2
• Forbes: 2
• BW: 2
• FT: 1
• Economist: 1

How We Rank the Best MBA Programs in Virginia

MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.

Data sources: IPEDS, National Center of Educational Statistics, U.S. Department of Education, Institute of Education Sciences (ERIC), Association to Advance Collegiate Schools of Business (AACSB), 520 MBA Schools, U.S. Bureau of Labor Statistics (BLS). If you notice errors in the MBA program database, please contact us.

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