Master of Business Administration with a concentration in Economic Development online
Whether your employer is a private firm or a government agency, develop the tools to cultivate opportunities for driving economic growth.
Program Overview
Read about our online MBA in Economic Development
Acquire essential knowledge about processes and practices related to urban and regional planning in the Master of Business Administration with a concentration in Economic Development online program. The coursework includes an in-depth study of financial concepts, methods and programs, and information sources vital to growing and sustaining development.
The relevant core curriculum helps you develop essential skills in accounting, business analytics, managerial economics, corporate finance, marketing and more. Our capstone course will strengthen your background in strategic management.
This program is designed for your success. That’s why we include free, prerequisite courses in accounting and economics, which can be completed concurrently with core coursework. Regardless of your undergraduate background, these prerequisites empower you with valuable insight in these key areas prior to learning more rigorous quantitative material.
The Arthur J. Bauernfeind College of Business at Murray State University has been continuously accredited by AACSB International (AACSB) since 1981.
Among the Best in the South
Ranked #1 among the "Best Value Schools in the South" by U.S. News & World Report (2025)
Additional benefits of this program:
- Our students consistently score above average on ETS® Major Field Tests, reflecting preparedness and confidence in impacting businesses after graduation.
- Our faculty is dedicated to your success both in the program and in the workforce, providing personal attention, advisement and support.
- You will have access to the resources within the Center for Economic and Entrepreneurial Development, which offers workshops, training and consulting services, and more for small-business owners in western Kentucky.
- Our students consistently score above average on ETS® Major Field Tests, reflecting preparedness and confidence in impacting businesses after graduation.
- Our faculty is dedicated to your success both in the program and in the workforce, providing personal attention, advisement and support.
- You will have access to the resources within the Center for Economic and Entrepreneurial Development, which offers workshops, training and consulting services, and more for small-business owners in western Kentucky.
This program will prepare you for careers such as:
- Urban and Regional Planner
- Economic Development Project Coordinator
- Economic Development Director
- Urban and Regional Planner
- Economic Development Project Coordinator
- Economic Development Director
Also available
Tuition
Invest in yourself for less with our budget-friendly tuition
MBA online programs from Murray State University offer affordable, pay-by-the-course tuition. All fees are included in the total tuition.
Tuition breakdown:
| Program | Per Credit Hour | Per Course | Per Program |
|---|---|---|---|
| MBA – Economic Development | $581.50 | $1,744.50 | $17,445* |
*The tuition rate is subject to annual changes based on approval by the Murray State University Board of Regents and the Kentucky Council on Postsecondary Education. Refer to Graduate Tuition Rates for more information on the cost of attendance for Murray State.
Calendar
Our course schedule is designed for flexibility
Murray State University online programs are delivered in an accelerated format ideal for working professionals, conveniently featuring multiple start dates each year.
Now enrolling:
| Term | Start Date | Application Deadline | Document & Financial Aid Deadline | Priority Registration Deadline | Tuition Deadline | Last Class Day | Term Length |
|---|---|---|---|---|---|---|---|
| Spring 1 | 1/14/25 | 1/8/25 | 1/9/25 | 1/10/25 | 1/13/25 | 3/5/25 | 7 weeks |
| Spring 2 | 3/11/25 | 3/5/25 | 3/6/25 | 3/7/25 | 3/10/25 | 5/6/25 | 7 weeks |
| Summer 1 | 5/12/25 | 5/6/25 | 5/7/25 | 5/8/25 | 5/9/25 | 6/21/25 | 7 weeks |
Admissions
Check out the qualifications for our online MBA in Economic Development
At Murray State University, we've streamlined the admission process to help you get started quickly and easily. Please read the requirements for the MBA with a concentration in Economic Development online, including where to send your transcripts.
The requirements include:
For admission to this MBA online program, domestic students must meet one of the following sets of requirements:
- Master's degree in a relevant field or doctoral-level degree from an accredited institution OR
- Bachelor’s degree from an accredited institution with:
- 3.25 GPA, no work experience required
- 3.0 GPA and two years of full-time relevant work experience
- 2.75 – 2.99 GPA and four years of full-time relevant work experience
- Domestic applicants with a 2.74 or below GPA who have extensive work experience will be considered on a case-by-case basis by the admissions committee and may be required to submit additional documentation, including a GMAT or GRE score.
International students have additional admission requirements. Please see the Academic Bulletin and/or the International Admissions webpage for complete requirements.
Official transcripts, test scores and other documents should be sent from issuing institutions to:
Email address:
[email protected]
Mail address:
Graduate AdmissionsMurray State University
B2 Sparks Hall
Murray, KY 42071
Questions? Call 866-906-0541.
Courses
Take a look at the online Master of Business Administration in Economic Development classes
For the MBA with a concentration in Economic Development online, you must complete 21 credit hours of core courses (including a capstone course) and nine credit hours of electives. You also must complete two free, self-paced prerequisite courses in accounting and economics, which can be taken concurrently with other core coursework in the program.
Learning Outcomes
- Possess a strong Business Analytics vocabulary.
- Utilize spreadsheet and data visualization software to organize, screen, and preprocess the data.
- Use descriptive, predictive, and prescriptive data analytics tools.
- Understand how and why Business Analytics techniques could be applied to assist business decision making.
- Gain a fundamental understanding of how to construct spreadsheet models for the purposes of conducting quantitative analysis of business problems.
- Demonstrate the ability to interpret analysis results, evaluate alternatives, and to apply basic sensitivity analysis in the support of a managerial decision maker.
Embedded into the curriculum are two free, prerequisite courses to fully prepare you for your graduate level courses. Designed to revitalize your skills and reinforce previous concepts, these prerequisites will strengthen your understanding of accounting and economics and can be taken simultaneously with your other program courses, but prior to ACC 604 and ECO 625. These mandatory courses are pass/fail with 80 percent being the minimum score to pass.
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