Find The Best New Mexico MBA Programs and Degrees

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EARN AN ONLINE MBA DEGREE TODAY

Overview of MBA in New Mexico

New Mexico has a population of about two million residents. More than one-quarter of the population resides in Albuquerque. New Mexico is a geographically large state with a concentrated population; it has a lot of room to expand. The state economy is in the midst of an economic surge that proceeds from greater federal government interaction, scientific research, increased healthcare and medical services, and new waves of business growth. Education plays a significant role in the state economy. The University of New Mexico is the state’s largest employer, and the educational programs have enriched the entire population. Distance learning has advanced the cause of education in New Mexico. This type of learning has broad appeal and has usefulness for the state’s remote communities. The opportunities in an expanding business economy favor those with MBA degrees.

WHY CONSIDER AN ONLINE MBA?

The University of New Mexico, New Mexico State University, and three other top schools offer online education in the state. The in-state resident students can have the benefits of class flexibility and minimal interference with work, family, and business obligations. Some classwork requires everyone to attend at the same place and time. The group approach is called synchronous learning. The asynchronous style does not use a group or synchronous method. Students can access classroom work online anytime and from anywhere through an internet portal. The time periods for graduation vary from a minimum of 18 months to a maximum of three years for completion of the degree. Self-paced learning offers freedom and flexibility that is particularly helpful for business owners, working students, and students with dependents.

Percentage of students enrolled in online programs in New Mexico

MBA Concentrations

International Business

New Mexico industries conduct a significant amount of international trade and finance. This focus on international commerce and trade leads to complex domestic and international transactions. MBA graduates can combine a firm grasp of finance, accounting, and marketing with energy technology.

Public Administration and Policy

The state has significant involvement with federal research projects. Both state and federal employers seek MBAs with concentrations in public policy and public administration. Private businesses that interface with government regulators also utilize MBAs with policy knowledge.

Oil and Gas

The state has a deep involvement with oil and gas exploration and production. These are used for both domestic sales and international supplies, MBA grads can work in global sales and marketing.

Healthcare Administration

The business side of healthcare is a technology-driven environment. The MBA can combine an all-around knowledge base in business management with specialized knowledge of health systems, health insurance, and human resources. Healthcare involves regulated aspects of medical services, record keeping, privacy, and data analytics.

Administration of Justice

The New Mexico government and private companies have joined in a series of Law Enforcement research and demonstration projects, and those fields show promise for MBA graduates. The administration of justice is a workable concentration for several types of research and policing institutions.

Accreditation in New Mexico

Accreditation is the process of independent reviews and ratings for all or part of a school, college, or university. The evaluation can cover the entire organization or a specific program within the organization. The US Department of Education and the Higher Learning Council have the authority to approve the accreditation agencies. The Department of Education developed a national system of regions to provide accreditation by a designated group for all states in the region. The accreditation agency for New Mexico is the Higher Learning Commission. There are several designated agencies for program accreditation for MBA schools.

Program accreditation for the online MBA is essential. The accreditation creates a broad acceptance of the degree as proof of quality education and educational attainment. Accreditation agencies for the MBA include the Association to Advance Collegiate Schools of Business(AACSB). This accreditation agency works in more than 50 countries and its broad acceptance adds value to MBA’s from AACSB schools. The Accreditation Council for Business Schools and Programs (ACBSP) is another widely accepted program accreditation agency and the North Central Association of Colleges and Schools(NCACS) accredits faith-based programs.

CAREER AND JOB OUTLOOK FOR GRADUATES

Top Employers in New Mexico by Total Employees

Company Industry Headquarters City Number of Employees
U of New Mexico Trustees Education Albuquerque 12,000
Los Alamos Nat’l Lab Research Los Alamos 11,000
Sandia Labs Research Albuquerque 8,671
Univ.of New Mexico Education Albuquerque 5,566

EARNING POTENTIAL WITH AN MBA IN New Mexico

Top MBA Careers in New Mexico

Supply chains and logistics are critical to many businesses that rely on materials for production, internal consumption, and sales. Logistics is an element of supply chain management that tests the agility of an organization when undertaking remote projects.

The financial business analyst is a finance generalist that can work in a wide variety of business settings. These MBA graduates can oversee transactions, financial planning, and budgeting. Employers need these occupations filled in research, healthcare, and medical services.

These managers must make decisions and recommendations that affect the course of the organization’s progress towards its objectives. Finance managers have prominent places in energy and healthcare administration.

This position can work as a stepping stone to senior executive levels, such as Director level positions, with higher salaries.

The CFO function is vital in nearly every organization. The CFO role acts as the official that certifies the accuracy of financial statements and reported information. Senior financial officers support the finance function at the organizational level.

MBA graduates with concentrations in accounting can find a wide range of opportunities in New Mexico. Accounting is a required part of the management effort in New Mexico businesses involved in energy, research, health services, education, and federal projects.

TOP ONLINE MASTERS PROGRAM CHOICES

Location:

Las Vegas, NM

Tuition:

$ $ $ $ $

  • new_mexico_highlands
  • Tuition

    10,064

  • % receiving financial aid

    38% overall

  • Student population

    3,499 – 598/17% online

  • Public or Private

    Public

Location:

Hobbs, NM

Tuition:

$ $ $ $ $

  • southwest
  • Tuition

    21,564

  • % receiving financial aid

    55% overall

  • Student population

    1,059 – 610/57.6% online

  • Public or Private

    Private

Location:

Las Cruces, NM

Tuition:

$ $ $ $ $

  • new_mexico_state
  • Tuition

    30,276

  • % receiving financial aid

    40% overall

  • Student population

    15,490 - 1,212/7.8% online

  • Public or Private

    Public

Location:

Portales, NM

Tuition:

$ $ $ $ $

  • eastern_new_mexico
  • Tuition

    8,070

  • % receiving financial aid

    33% overall

  • Student population

    5,725 – 1110/19.4% online

  • Public or Private

    Public

Location:

Silver City, NM

Tuition:

$ $ $ $ $

  • western_new_mexico
  • Tuition

    9,000

  • % receiving financial aid

    41% overall

  • Student population

    3,354 – 864/25.7% online

  • Public or Private

    Public

HOW TO CHOOSE THE BEST MBA PROGRAM

Introduction

When considering an online MBA in New Mexico, the best place to start may not be the course catalogs. For many students, the best place to begin the search is to quietly and calmly identify the goals they wish to advance by getting an MBA. The goals could be a new profession or career advancement in an existing line of work. Many people use an MBA to start a business. Your goals can help you decide which program is best. You can align goals and program features to make a New Mexico MBA program selection that meets your needs and preferences.

1

Make Sure the Program Has Accreditation.

When selecting a program, one must be sure of the accreditation status. Program regional, or national accreditation is necessary for many types of financial aid, including federal student loans. Accreditation is an essential part of establishing the value of a New Mexico online MBA. The accreditation agencies include the AACSB, the ABCSP, and some faith-based regional accreditation agencies. Accreditation ensures acceptance of the degree among employers, educational institutions, and other reviewers of academic qualifications. All the New Mexico online programs have regional accreditation. However, the programs have periodic reviews and renewals, and students must always check to determine the current accreditation status.

2

Select Your Experience

Some students seek a learning environment in which they can work with other students, engage in projects, and get a lot of hands-on experience. Others may prefer an intense and competitive environment in which students strive for individual excellence. You can select a program that meets preferences for the style of instruction as well as content.

Student information can show the type of experience that typical students have. You can read surveys and satisfaction assessments. These efforts are not so much a prediction for your experience, but a guide that can lead to insightful questions and helpful answers. If the program requires some on-campus work, then you should consider the costs of living while at the campus. You should also consider the location of the campus and determine if this would be convenient, or even possible, for you.

3

Consider All Sources of Financial Aid

Graduate students can compete for merit-based financial assistance and apply based on needs. Like any other student, distance learners can get financial assistance. Online students likely will not qualify for teaching assistant positions or other types of aid that require a physical presence on the campus. Employed students should inquire whether their employer offers tuition assistance for employees. Many companies support further education among their employees by full or partial tuition reimbursement. The MBA degree can be a particularly valuable investment for an employer when the degree is in the employer’s field or line of business.

MBA students have an excellent opportunity to advance their careers or begin a new profession. The MBA is a broad degree and combines with many other specializations. When borrowing funds to pay for tuition, many students estimate the increased income they may get after graduation when their qualifications include an MBA and a specialization.

4

Coursework and Student Debt

Coursework online is equally difficult and complex as the classroom version. Online students need to prepare and study in much the same ways and amounts as on-campus students. Online attendance offers flexibility, and students can access coursework from any location with an internet connection. Flexibility is an advantage, but the student has responsibility for completing the coursework along with any of their other work, business, or family obligations.

Tuition and expenses are an essential part of successful completion of the online MBA. One piece of student information that helps selection is the average level of student debt at graduation. The debt level reveals the true costs of the MBA because this is the part of the expense that students must resolve in the years immediately after graduation. With an understanding of the costs and expected debt levels, the student can make informed decisions about the program, the location, and the time needed to complete the program.

5

Plan for Success

Some programs require a finishing step such as a thesis or a capstone project. Students with a firm idea of their post-graduate employment goals can arrange placement in the field they wish to work. In the selection process, students can determine the MBA program resources available for hands-on experience. These include internships and special projects. Creative students can develop activities in connection with a private or public employer and demonstrate capabilities while adding valuable work experience to their student qualifications.

The alumni community can be a helpful resource for gaining hands-on experience and company placements. The alumni community is an ideal place for networking and developing contacts and referrals. The application stage is not too early to begin planning for internships and hands-on projects. Some students can complete the degree in 12 to 18 months and the practical experience is valuable at every stage of progression. A capstone project with a hands-on placement in the target field or business can jump-start a career or open doors to a new profession.

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