MBA in Phoenix

The Best MBA Programs in Phoenix for 2027

Key Points: Best MBA Programs in Phoenix

  • Arizona State University Campus Immersion ranks #1 in the Phoenix area on an 80.6 Program Score, with a 68% graduation rate.
  • The hardest to get into is Ottawa University-Surprise (#4), which admits 78% of applicants.
  • Private schools hold most of the places on this list.
Programs analyzed
7
Schools ranked
5
Average graduation rate
35%

We analyzed 7 accredited MBA programs in Phoenix and the surrounding metro and ranked 5 schools on graduation rate, selectivity, cost, and outcomes.

Arizona State University Campus Immersion leads with an 80.6 Program Score on a 68% graduation rate. Across all 5 ranked MBA programs in Phoenix the average graduation rate is 35%, ranging from 18% to 68%. 1 of the 5 are public and 4 are private. National median pay for the field is $105,770 a year per the BLS, the benchmark every school on this list feeds into regardless of what it charges.

How the Top MBA Programs in Phoenix Compare

Arizona State University Campus Immersion leads at 80.6, and Aspen closes the chart at 61.3. Longer bars rank higher.

How We Rank MBA Programs in Phoenix

Each Program Score runs from 0 to 100: outcomes count for 44%, selectivity and academics for 38%, and scale and value for 18%, all from federal data. See how the weights work.

The 5 Best MBA Programs in Phoenix, Ranked for 2027

The 5 best MBA Programs in Phoenix, ranked by outcomes.

Arizona State University

Tempe, AZ · Public

80.6 Program Score
Grad rate
68%
Admit rate
90%
Tuition
Varies by program

Arizona State University's Full-time MBA runs 21 months with nine concentrations and a STEM designation.

  • 80.6 Program Score
  • 21-month full-time format
  • Nine MBA concentrations
  • STEM-designated degree

Arizona State University's W. P. Carey School of Business offers a Full-time MBA that begins each August and runs 21 months. The page describes it as an immersive, STEM-designated program with built-in career coaching, leadership courses and an Executive Connections mentoring component that pairs students with executive mentors. Students choose from nine concentrations: artificial intelligence, business analytics, consulting, entrepreneurship, finance, information management, marketing, real estate and supply chain management. The STEM designation allows eligible graduates on student visas an Optional Practical Training extension of up to 36 months, according to the school. The school also reports that over 95% of students receive competitive scholarships.

Federal data show a 68% graduation rate for the university and a 90% admit rate. The program holds a Program Score of 80.6 out of 100, which is the basis of its ranking. The program fits career changers and early-career professionals who can study full time on campus in Tempe and want a defined concentration, close mentoring and recruiter access. Those who need to keep working while they study would do better to look at part-time or online formats. Campus enrollment is nearly 80,000, so the MBA operates inside a very large public university.

View Arizona State University's MBA Program →

Grand Canyon University

Phoenix, AZ · For-profit · online option

71.5 Program Score
Grad rate
43%
Admit rate
79%
Tuition
Varies by program

Grand Canyon University's online MBA is 46 credits in 8-week courses and can be finished in as little as 18 months with no GMAT.

  • 71.5 Program Score
  • 46 credits, 8-week courses
  • As few as 18 months
  • Emphasis options and no GMAT required

Grand Canyon University offers an online Master of Business Administration through its Colangelo College of Business, with online and evening class settings. The program is 46 credits, delivered in 8-week courses, and the page says it can be completed in as little as 18 months if a student chooses no emphasis. Students may instead select an emphasis such as finance, healthcare, marketing or cybersecurity. Coursework covers accounting, quantitative research methods, economics and strategic management through case studies, group projects and class discussion, and a Christian worldview is built into the curriculum, with leadership and ethics themes. Up to 12 credits, or one third of the program, can transfer in. Admission asks for a 2.8 GPA, or a 2.5 with a GMAT of 500 or GRE of 300, and the school says no GMAT is required to apply.

Federal data show a 43% graduation rate and a 79% admit rate for the university, a private for-profit school with about 113,000 students. The Program Score is 71.5 out of 100, which is the basis of its ranking. The program fits working adults who want a fully online MBA with a faith-based approach and a quick path to completion. Applicants should weigh the school's graduation rate and confirm the credit transfer terms for their own record.

View Grand Canyon University's MBA Program →

University of Phoenix-ArizonaOnline Program

Phoenix, AZ · For-profit · online option

67.1 Program Score
Grad rate
21%
Admit rate
Open admission
Tuition
Varies by program

An online MBA of 33 credits finished in as little as 16 months, taken one six-week course at a time.

  • Program Score 67.1
  • Open admission
  • 21% graduation rate
  • 33 credits, 16 months, 6-week courses

The University of Phoenix online Master of Business Administration requires 33 credits, up to 9 of which may be transferred or waived. The school publishes a 16-month length and runs courses of six weeks, one at a time. The curriculum emphasizes management, operations, communication, leadership and decision-making. Core courses include Managing in a Changing Environment, People and Organizations, Leading Change, The Digital Economy, and Managerial Accounting and Legal Aspects of Business. The school also says students may earn credit for relevant life experience. Career titles it lists include general manager, operations manager and administrative director.

Federal data shows Phoenix is an open admission school, and 21% of students graduate. The program carries a Program Score of 67.1 out of 100, which is the basis of its ranking. It fits working adults who want a short, fully online MBA with a single-course schedule and the option to shorten it with transfer credit. The low graduation rate is worth weighing: prospective students should ask about advising, pacing and what support exists for those who fall behind. The page does not name concentrations, so students seeking a specialty track should confirm what is available.

View University of Phoenix-Arizona's MBA Program →

Ottawa University-Surprise

Surprise, AZ · Nonprofit · online option

61.9 Program Score
Grad rate
18%
Admit rate
78%
Tuition
Varies by program

Ottawa University's 36-hour online MBA runs on eight-week terms, six per year, with eight concentrations to choose from.

  • 78% admit rate
  • Program Score 61.9
  • 18% graduation rate
  • 36 hours, eight concentrations

Ottawa University-Surprise offers a Master of Business Administration that the school describes as 100% online, designed for working adults. The program is 36 hours across three modules, and courses run in eight-week terms, six terms a year, so students can take more than one course per term. The core curriculum emphasizes a global perspective on business, communication skills and direct application to current and future career goals. Students choose from eight concentrations: Accounting, Business Data Analytics, Finance, Human Resources, Leadership Development, Population Health and Health Care, School Business Operations, and Strategic Innovation. The page also mentions a Best Online MBA honor from U.S. News and World Report, which is the school's own claim.

Federal data shows an 18% graduation rate and a 78% admit rate at Ottawa-Surprise. The program has a Program Score of 61.9 out of 100, the basis of its ranking. It fits working adults who want a fast-paced online MBA with a specialty such as data analytics or health care, and who can manage a heavy rotation of short terms.

View Ottawa University-Surprise's MBA Program →

Aspen University

Phoenix, AZ · For-profit · online option

61.3 Program Score
Grad rate
27%
Admit rate
Open admission
Tuition
Varies by program

Ten fully online courses with new start dates every two weeks, ending in a graduate capstone you design around your own field.

  • Program Score 61.3
  • 27% graduation rate
  • Open admission
  • Information Management MBA, 100% online

Aspen University offers a Master of Business Administration with an Information Management focus, delivered entirely online. The curriculum is 10 courses, and the school says students can finish in about two years, with program start dates every two weeks. The coursework blends business foundations with technology: business finance, managerial accounting, business ethics, marketing management, management of information systems, emerging technologies and information systems strategic planning. Courses such as Management and Project Management Essentials round out the leadership side. Every student completes a graduate capstone project, BUS799, which applies what they learned to a workplace problem of their choosing and emphasizes change management and leadership. Aspen positions the degree for people moving toward roles that coordinate new technology rollouts or oversee a firm's information strategy.

Aspen has a Program Score of 61.3 out of 100, the basis of its ranking. The federal data shows a 27% graduation rate, so students should weigh that alongside the flexible schedule. The school is open admission, with no selective admit rate to clear. About 3,511 students are enrolled. The online format and rolling starts suit working adults who need to fit coursework around a job and want an IT-leaning management credential rather than a general MBA.

View Aspen University's MBA Program →

Open admission: the school admits every qualified applicant, so it reports no admit rate.

Graduation Rates at the Ranked MBA Programs in Phoenix

The median school on this list graduates 27% of its students. The highest rates belong to Arizona State University Campus Immersion (68%) and Grand Canyon University (43%). The school with the highest rate is also ranked #1.

27% Median graduation rate across 5 schools
68% Highest on the list Arizona State University Campus Immersion
  • 60% to 79% 1
  • 40% to 59% 1
  • Below 40% 3
  1. #1 Arizona State University Campus Immersion68% graduation rate
  2. #2 Grand Canyon University43% graduation rate
  3. #5 Aspen University27% graduation rate

Institution-wide graduation rates reported to IPEDS. They describe the whole school, not this program alone.

How Selective Are the MBA Programs in Phoenix?

On this list, 2 of 5 schools are open-admission, taking every qualified applicant. Every school here that reports an admit rate takes at least half of its applicants; the median is 79%.

79% Median admit rate across 3 schools
78% Most selective Ottawa University-Surprise
2 Open admission admit every qualified applicant
  • 75% and above 3
  • Open admission 2
  1. #4 Ottawa University-Surprise78% admitted
  2. #2 Grand Canyon University79% admitted
  3. #1 Arizona State University Campus Immersion90% admitted

Institution-wide admit rates for first-time applicants, reported to IPEDS. Open-admission schools do not report one.

Public and Private MBA Programs in Phoenix

This list holds 1 public, 1 private nonprofit, and 3 for-profit schools.

1 Public highest ranked: #1 Arizona State University Campus Immersion
1 Private nonprofit highest ranked: #4 Ottawa University-Surprise
3 For-profit highest ranked: #2 Grand Canyon University

Control (public, private nonprofit, for-profit) as reported to IPEDS. Public schools usually charge residents less; private schools charge everyone the same rate.

Online Options Among the MBA Programs in Phoenix

Of the 5 schools ranked here, 4 offer distance education. The highest ranked is Grand Canyon University, at #2.

4 Offer an online option of 5 ranked
  1. #2 Grand Canyon UniversityPhoenix, AZ
  2. #3 University of Phoenix-ArizonaPhoenix, AZ
  3. #4 Ottawa University-SurpriseSurprise, AZ
  4. #5 Aspen UniversityPhoenix, AZ

Based on each school reporting distance-education offerings to IPEDS. Whether this specific degree is fully online varies, so confirm the format with the school.

Campus Size Across the MBA Programs in Phoenix

Enrollment on this list runs from 912 at Ottawa University-Surprise to 113,257 at Grand Canyon University. Of the 5, 3 enroll 20,000 students or more and 2 enroll fewer than 5,000.

79,818 Median enrollment students, whole institution
113,257 Largest Grand Canyon University
912 Smallest Ottawa University-Surprise

Total institution enrollment reported to IPEDS, all levels and programs.

What Graduates of the MBA Programs in Phoenix Earn

Graduates of Arizona State University Campus Immersion earn the most four years after finishing, a median of $141,437; the lowest figure here is $79,162 at Aspen.

Arizona State University Campus Immersion leads on both counts: the top rank among these schools and the highest graduate pay.

College Scorecard, October 2026 release. Earnings cover each school's programs in this field at this degree level.

What MBA Programs in Phoenix Cost

The federal data behind this ranking reports each school's undergraduate tuition, not its MBA price, so this page does not quote a per-program MBA cost. Graduate business tuition is usually billed per credit and varies by format: full-time, part-time, evening, and executive sections at the same school often carry different rates. Get the current per-credit rate and total program cost from each school's graduate business office before comparing.

Run the full two-year math on that quoted rate, and add fees and any required residencies. Against the national median of $105,770 a year for the management roles MBA graduates move into, a lower total cost pays itself back faster. Employer tuition assistance and graduate assistantships change the real price more than the sticker does, so ask about both.

Accreditation Across Phoenix Business Schools

The MBA programs in Phoenix lean private: 4 of the 5 ranked schools are private against 1 public. Accreditation is what makes their degrees comparable at all. For an MBA the signal employers read is business-school accreditation from AACSB sitting on top of the university's institutional accreditation, and a private school's higher price does not mean it carries it. Confirm it on each school's own page before applying.

Why Study for an MBA in Phoenix

The 5 ranked schools are spread across 3 towns, which makes "Phoenix" a looser description than the heading suggests. Arizona State University Campus Immersion in Tempe tops the list, with Grand Canyon University and University of Phoenix-Arizona behind it, and the table names the town of each. For a part-time cohort meeting on weeknights that spread is the deciding constraint: a campus an hour out is a different degree from one on the way home, whatever the ranking says.

4 of the 5 also run a confirmed online option, which keeps the credential but gives up most of the local access that justifies studying in Phoenix in the first place.

Careers and Pay After a Phoenix MBA

Every one of the MBA programs in Phoenix points toward the same national labor market. The Bureau of Labor Statistics puts national median pay for the field at $105,770 a year, a figure that describes the profession rather than any single school here. That is the tradeoff this ranking exists to expose: in the federal wage data, a higher price does not buy a higher salary.

Keep Exploring

MBA Programs in Phoenix: Frequently Asked Questions

What is the best MBA program in Phoenix?

By Program Score, Arizona State University Campus Immersion ranks first among the 5 ranked MBA programs in Phoenix, with an 80.6 score and a 68% graduation rate. The score weighs graduation rate, selectivity, cost, and outcomes together, so the top school balances all four rather than winning on any one of them.

Do MBA programs in Phoenix require the GMAT?

Fewer of them every year, and the 5 ranked here are not uniform about it. Many programs now waive the GMAT or GRE for applicants with several years of relevant work, and the terms differ program by program, so check them on each school's admissions page before registering for a test. A waiver saves the fee and the study time, and it does not loosen the rest of the file.

How much does an MBA cost in Phoenix?

It depends on the school and the format. The federal data this ranking uses reports undergraduate tuition, not MBA pricing, so ask each school's graduate business office for its current per-credit rate and total program cost, and compare full-time, part-time, and online sections separately. Neither figure includes Phoenix living costs, which are a real part of the total.

How many MBA programs in Phoenix does this ranking cover?

We analyzed 7 accredited MBA programs across Phoenix and the surrounding metro and ranked the top 5 schools, listing one entry per school. This list covers the Phoenix metro area, so some schools sit outside the city line; the city of each is shown in the table.

Is it worth doing an MBA in Phoenix instead of online?

4 of the 5 ranked schools run a confirmed online option, so in Phoenix this is a live choice rather than a hypothetical one. An accredited online program carries identical standing on a transcript, since accreditation attaches to the school and the program rather than to the delivery format. What a campus adds is proximity to the employers that school recruits into. The honest comparison is local access against the cost of being here.

Data Sources