Is a University of Phoenix MBA Degree WORTH IT?

The University of Phoenix is a school that often comes up in conversations about affordable and flexible education—especially for working adults. If you’re considering getting your MBA online, you might be wondering: Is the University of Phoenix MBA program actually worth it?

As someone who completed a traditional on-campus undergraduate business degree and later earned an online MBA (from a different university), I’m going to give you an honest breakdown of what the University of Phoenix MBA has to offer. Let’s get into it.

Overview of the University of Phoenix

Founded in 1976, the University of Phoenix is a for-profit institution designed to serve adult learners. Many of its students are working full-time, supporting families, or juggling other responsibilities. The university focuses on flexibility and affordability, which makes it appealing to many non-traditional students.

Although the school used to have multiple campuses across the U.S., most of those have been shut down. Today, the University of Phoenix is primarily an online university, with only vague mentions of possibly reopening on-campus options in Phoenix, Arizona.

University of Phoenix MBA Accreditation

The MBA program is ACBSP-accredited, which is one of the two major accrediting bodies for business programs in the U.S. While it doesn’t carry the more selective AACSB accreditation, ACBSP is still a valid and recognized credential. For most working professionals, this level of accreditation is more than acceptable.

Two MBA Options: Standard vs. Competency-Based

The University of Phoenix offers two versions of the MBA program:

1. Standard MBA

• Duration: 1.5 to 3 years

• Cost: ~$23,000

• Format: Live virtual classes, group work, scheduled lectures

• Best For: Students with less work experience

This version mirrors a traditional MBA format but is delivered online. You take one course at a time with weekly virtual meetings, allowing for more interaction with peers and professors.

2. Competency-Based MBA

• Duration: Flexible; can finish quickly within 4-month blocks

• Cost: ~$10,000

• Best For: Professionals with a business background and work experience

• Admission Requirements:

  • Business-related bachelor’s degree

  • Minimum GPA of 2.5

  • 3 years of business experience in the last 10 years

This model lets students complete courses at their own pace. If you’re already familiar with the content, you can fly through the material and finish faster—potentially saving both time and money.

Pros of the University of Phoenix MBA

• ✅ Affordability: Especially with the competency-based option, this is one of the most budget-friendly MBAs out there.

• ✅ Flexibility: Ideal for working adults with busy schedules.

• ✅ Established History: Around since 1976 with over 1 million alumni.

• ✅ Large Network: Many graduates work in Fortune 500 companies.

Cons of the University of Phoenix MBA

• ❌ No Specializations: Unlike other MBA programs, there are no optional focus areas (e.g., marketing, analytics).

• ❌ Limited Prestige: It’s not a top-tier school and likely won’t carry the weight of an MBA from a highly ranked institution.

• ❌ For-Profit Stigma: Some employers may still view for-profit institutions with skepticism.

Is It Worth It?

If you’re looking for a cost-effective MBA and you need the flexibility to balance work, family, and studies, then yes—the University of Phoenix MBA can be worth it. It checks the box for professional development and could help you advance within your current company or industry.

However, if you’re aiming for elite roles in competitive industries, there may be better online options at similar price points—like the University of Illinois or Boston University, both of which offer online MBAs for around $21,000–$23,000.

Final Thoughts

An MBA, no matter where it’s from, is just one piece of the puzzle. Career success often depends more on your:

• Work experience

• Ability to network

• Industry knowledge

• Willingness to learn

If you combine the University of Phoenix MBA with a strong professional track record and active networking, it can definitely help you move forward in your career.

Have Experience With This Program?

If you’ve gone through the University of Phoenix MBA yourself, leave a comment below and share your experience! Your insights could help others make the right decision for their career and education.