In simple terms, nonprofit management refers to the administration and direction of a nonprofit organization. It is the responsibility of people at the top of the organization, such as the chairman or CEO and the board of directors. They define the organization’s mission, goals, and operations.

A nonprofit organization, meanwhile, is a not-for-profit entity dedicated to fostering a particular social advocacy or social cause instead of operating to make profits. Its existence, operations, and transactions are not subject to tax because the US Internal Revenue Service has given it a tax-exempt status.

An MBA in Non-Profit Business is an advanced degree program designed to help experienced professionals move ahead in the non-profit world. This program provides a focused study of key areas within the non-profit sector, including finance, fundraising, grant writing, marketing, and organizational behavior. Special emphasis is placed on developing the skills and knowledge needed to effectively manage and lead a non-profit organization. This degree program provides a significant advantage to students seeking leadership roles in the non-profit sector.

At a Glance

In essence, nonprofit management is quite similar to traditional business management because it is designed to steer an organization toward attaining its mission and goals. What makes it different is – it doesn’t intend to make profits but to empower and enable an organization to serve its cause, foster its advocacies, and reach its goals.

MBA in nonprofit management programs provides the training aspiring nonprofit managers need to be able to administer and direct nonprofit operations effectively. They equip you with the knowledge, skills, and confidence to take on various leadership, managerial, and administrative roles in nonprofit organizations and profit-oriented businesses.

The Cheapest Online MBA in Non-Profit Business Schools

Coastal Carolina University

Conway, SC

Master of Business Administration-Nonprofit Administration Concentration

Tuition per credit for online MBA program: In-State: $487.00; Out-of-State: $1184.00
Units Required: 30 Credit Hours
Program Length: 24 Months
Financial Assistance Options:
- Scholarships
- Grants
- Loans
- Federal College Work-Study

The online MBA in nonprofit administration from Coastal Carolina University aims to develop the analytical, interpersonal, and decision-making skills you need as a business management professional. Its MBA in nonprofit management provides you with the business education and training to qualify for leadership roles in nonprofit organizations.

CCU’s online MBA in nonprofit administration provides you with combined knowledge in business and nonprofit management. Its core MBA and nonprofit-specific courses will build your skills in business and nonprofit management through courses that include financial management, fundraising, and grant writing.

MBA Core Courses:

Leadership
Operations and Global Supply Chain
Managerial Economics
Financial Management
Managerial Responsibility and the Law
Marketing Strategy
Global Strategy

Nonprofit Concentration Courses:

Grant Writing for Nonprofit Organizations
Financial Governance for Nonprofit Board Members
Sustainability and Social Responsibility

CCU offers one of the most affordable online programs for MBAs in nonprofit management, especially for South Carolina resident students. It provides online graduate students with the knowledge and ability to be at par with the workers of some of the most respected nonprofit organizations and charities in the country.

Touro University Worldwide

Los Alamitos, CA

Online MBA – Concentration in Nonprofit Management

Tuition per credit for online MBA programs: $500.00
Units Required: 36 Credit Hours
Program Length: 12 Months
Financial Assistance Options:
- Grants
- GI Bill Benefits
- Loans

Touro University Worldwide offers an online MBA in nonprofit management designed to provide you with real-world business management knowledge and skills. It aims to advance your career in the business and nonprofit environment. Its MBA nonprofit management concentration is a blend of problem-solving, leadership, and people skills to mold you into an expert in formulating solutions to management and organizational challenges in the business and nonprofit sectors.

Core MBA Courses:

Management Across Cultures
Managerial Accounting
Professional Communications
Marketing Research
Financial Principles & Management
Ethics for Business Professionals
Managing Organizational Behavior
Strategy and Planning
Capstone (Must be taken in the last term)

Nonprofit Concentration Courses:

Financial Decision-Making for Nonprofits
Foundations of Nonprofit Management
Marketing and Revenue Generation for Nonprofits

TUW’s online MBA nonprofit management concentration offers the flexibility you need to advance your educational and professional goals without disrupting your work ad family schedules. Its faculty members are holders of doctorate degrees with years of professional experience in their respective fields.

Wilmington University

New Castle, DE

MBA with a Concentration in Nonprofit Management

Tuition per credit for online MBA program: $512.00
Units Required: 36 Credit Hours
Program Length: 12 Months
Financial Assistance Options:
- Federal Financial Aid
- Scholarships
- Private Loans

The accredited online MBA programs at Wilmington University are designed for working professionals and entrepreneurs who want to advance their businesses and careers through a structured management approach. They equip you with the skills and network you need to thrive in a highly contested job market. They also provide you with maximum flexibility to allow you to complete the program without disrupting your busy schedule.

The MBA nonprofit management concentration of WilmU delves into topics that address the increasing role nonprofit organizations play in improving society and the economy. It aims to produce competent leaders with knowledge of nonprofit operations, especially in the areas of fundraising and administrative governance.

Core Courses of MBA Program:

Business Strategy
Managerial Decision-Making
Organizational Behavior and Ethical Leadership
Financial Analysis
Survey of Data Analytics
Global Marketing Management
IT in Business
Organizational Behavior and Ethical Leadership
Survey of Data Analytics

Nonprofit Management Specialization Courses:

Nonprofit Management
Nonprofit Sustainability
Nonprofit Governance
Seminar in Nonprofit Management, and
One of two elective options:
One Elective, or
MBA Internship

Aside from affordability and flexibility, Wilmington University offers MBA online programs that produce excellent graduates valued by top US companies like the Bank of America and JP Morgan. As an online graduate student at WilmU, you will learn from the expert insights of professors who will share with you their first-hand knowledge of relevant topics being active practitioners in their respective fields.

Johnson University

Knoxville, TN

Master of Business Administration with a Nonprofit Management Concentration

Tuition per credit for online MBA program: $530.00
Units Required: 36 Credit Hours
Program Length: Not Available
Financial Assistance Options:
- Scholarships
- Federal and State Aid
- Federal Loans
- Private Loans
- Work-Study Program

Johnson University offers an online MBA nonprofit management program designed to develop your leadership, analytical, strategic thinking, and decision-making skills to address the demands of modern business and society. The university makes this objective possible by offering a combination of MBA core courses and nonprofit concentration courses.

Johnson University’s MBA Core Courses:

MBA Orientation
Accounting for Strategic Decision Making
Managerial Economics
Advanced Business Analytics
Advanced Leadership Theory & Practice
Advanced Operations Management
Marketing Management
Business Law

Nonprofit Management Concentration Courses:

The Nonprofit Sector
Social Entrepreneurship
Nonprofit Resource Development
Project Design Management
Capstone Project: Nonprofit Management

Johnson University’s online MBA in nonprofit management is an affordable and flexible program that is dedicated to providing you with a deep understanding of the ins and outs of nonprofit management. It also aims to mold you into a true Christian leader in business, government, nonprofit, education, and other sectors of society. Its program also includes a Capstone that allows you to showcase what you’ve learned in your area of specialization.

Doane University – College of Business

Crete, NE

Master of Business Administration with Nonprofit and Public Administration Emphasis

Tuition per credit for online MBA programs: $535.00
Units Required: 33 Credit Hours
Program Length: 24 Months
Financial Assistance Options:
- Scholarships
- Grants
- Loans
- Student Employment

Doane University envisions its online Master of Business Administration program as a solid provider of business management education. Its primary goal is to provide online students like you with a deep understanding of how businesses work in competitive environments.

Doane University’s MBA in nonprofit and public administration consists of core MBA nonprofit and public administration courses you need to complete to earn your MBA degree.

MBA Core Courses:

Managerial Accounting
International Business and Economics
Financial Management
Human Resource Management, or
Advanced Organizational Behavior
Analytics and Decision Sciences
Business Law and Ethics
Strategic Marketing
Administrative Strategy and Policy

Nonprofit and Public Administration Emphasis Courses (Choose Three):

Non-profit Management and Governance
Public Administration: Issues and Context
Fundraising and Philanthropy
Public Finance and Budgeting
Marketing for Nonprofits

Doane University commits to providing online MBA students with exceptional management education in a collaborative environment and preparing them for leadership roles in business and nonprofit environments.

Concordia University – Nebraska

Seward, NE

MBA in Nonprofit Management

Tuition per credit for online MBA programs: $555.00
Units Required: 36 Credit Hours
Program Length: 24 Months
Financial Assistance Options:
- Scholarships, Awards, and Grants
- Educational Loans
- Student Employment

The online MBA in Nonprofit Management at Concordia University-Nebraska is designed specifically to prepare students for leadership roles in a nonprofit organization. It intends to equip online students with a solid understanding of core business topics, including finance, accounting, human resources management, leadership, and ethics. To complete the curriculum, the program will immerse online students in nonprofit management topics such as the operations of a nonprofit organization and the evolution of public programs.

Core Courses:

Leadership And Organizational Behavior
Strategic Project Management
Effective Decision-Making and Communication
Corporate Finance
Human Resources Management
Accounting: Financial Analysis for Decision-Making
Strategic Marketing
Ethical and Legal Environment of Business
Entrepreneur Development

Nonprofit Management Concentration Courses:

Nonprofit Management
Organizational Resource Development
Public Program Evaluation

Concordia University-Nebraska tailors its online MBA degree program in nonprofit management to provide students with a combination of research and practical learning experience. The university commits to providing faith-based education to mold them into ethical entrepreneurs and business leaders.

Lindenwood University

St Charles, MO

Online MBA with a Non-Profit Administration Specialization

Tuition per credit for online MBA programs: $585.00
Units Required: 33 Credit Hours
Program Length: 15 – 36 Months
Financial Assistance Options:
- Federal Financial Aid
- Scholarships
- Grants
- Military Benefits
- Corporate Partnerships

The affordable MBA program with a Non-Profit Specialization at Lindenwood University commits to giving you business management knowledge and skills not only through theoretical lessons but with a practical, hands-on learning experience. Its online MBA in nonprofit administration curriculum provides you with lessons from real-world scenarios as its lessons come from professionals with real-world nonprofit business experience.

Lindenwood University’s MBA in a nonprofit specialization consists of MBA core courses and nonprofit major courses. You must complete all these to earn your MBA degree in nonprofit management.

Core Courses:

Managerial Accounting
Financial Policy
Management Practices
Business Policies and Strategies
Marketing Principles and Issues, and
Linear Statistical Models, or
Business Analytics, or
Operations Management

Nonprofit Administration Courses:

Strategic Planning & Performance Measurement for Nonprofit Management
Fundraising and Revenue Generation
Nonprofit Governance and Law
Human Resource Management for Nonprofit Organizations
Volunteer Management

Lindenwood University designs its affordable and accredited online MBA program in nonprofit administration for working professionals with humanitarian advocacies. It aims to empower online graduate students with sound analytical, leadership, financial, and nonprofit management skills.

Antioch University Online

Keene, NH

Master of Business Administration in Nonprofit Leadership

Tuition per credit for online MBA programs: $589.00
Units Required: 33 Credit Hours
Program Length: 22 Months
Financial Assistance Options:
- Loans
- Scholarships and Grants
- Work-Study Opportunities
- Emergency Funding

Aside from the business and management competencies you will acquire from a traditional MBA program, the Master of Business Administration in Nonprofit Leadership program at Antioch University Online will equip you with additional knowledge and skills to face and resolve the challenges of managing a nonprofit organization. It deepens your understanding of complex social and business problems to keep you aware of the pitfalls that may lead to erroneous management decisions.

The core courses of the program consist of advanced business and management courses. Its nonprofit specialization focuses on fundraising, planning, and awareness of nonprofits as a sector of society.

MBA Core Courses:

Principles of Triple Bottom Line in Organizations
HR Management
Organizational Leadership and Change
Marketing and Communication Strategy
Ethical and Legal Issues Facing Leaders
Global Economics and Sustainability
Managerial Financial Analysis

Nonprofit Administration Concentration Courses:

Development and Fundraising
Program Planning and Evaluation
Democracy, Capitalism, and the Nonprofit & Voluntary Sector
Integrated Keystone Project

Antioch University Online is a diverse and dedicated learning community that recognizes your need for academic and career advancement amid a busy life. It commits to providing affordable, quality, and flexible online MBA education to empower you with knowledge and skills that can change your life.

Asbury University

Wilmore, KY

MBA in Nonprofit Management

Tuition per credit for online MBA program: $595.00
Units Required: 36 Credit Hours
Program Length: 18 Months
Financial Assistance Options:
- Federal Financial Aid
- Federal and State Grants
- Work Study/Campus Employment
- Church Match Program
- Loans
- Outside Scholarships

Asbury University offers its MBA in Nonprofit Management degree program to provide you with excellent training to develop into an academically well-equipped business leader and prepare you for the highly competitive marketplace.

With its nonprofit management specialization, Asbury University’s MBA program, you will learn core principles of business management principles and nonprofit management strategies. These will equip you with the competencies you need to play critical roles in business and nonprofit endeavors, including business administration and management, business analysis, fundraising, and nonprofit management.

Core Courses:

Entrepreneurship & Innovation
History of Business, Faith & Ethics
Business Analytics
Strategic Leadership
Capstone Project

Courses in Nonprofit Management:

Nonprofit Financial Management
Strategic Fundraising
Nonprofit Marketing, and
Nonprofit Management Electives

If you’re looking for a school that offers top-notch yet affordable online MBA programs, consider Asbury University on your list. Its faculty comprises professionals dedicated to helping you attain your academic and career goals.

Trevecca Nazarene University

Nashville, TN

MBA in Nonprofit Leadership and Management

Tuition per credit for online MBA program: $590.00
Units Required: 36 Credit Hours
Program Length: 15 – 22 Months
Financial Assistance Options:
- Federal Loans
- Federal and State Grants
- Military and Employer Programs
- Private Student Loans

Designed to provide you with the competitive edge to make an impact in the business environment, Trevecca Nazarene University offers a rigorous online MBA in Nonprofit Leadership and Management program that intends to mold you into an expert in global business and nonprofit management professional. Its curriculum combines general business subjects, MBA core courses, and nonprofit leadership topics to help graduates thrive.

The General Business and Core Courses of TNU’s MBA Nonprofit Management Program:

General Business Courses:

Foundations for Graduate Business Studies
Introduction to Graduate Business Studies
Organizational Behavior and Leadership
Business Analytics
Strategy in Business
Global and Economic Environment
Accounting and Finance for Managers
Marketing Management

MBA Core Courses:

Managerial Accounting
Strategic Finance

Nonprofit Management Courses:

Introduction to Nonprofit Leadership and Management
Raising Human and Financial Resources for Nonprofits
Fiscal Administration in Nonprofits

TNU has been providing quality online education for more than 20 years. It is committed to helping on-campus and online MBA students to achieve their academic aspirations through innovative and Christ-centered education.

New England College

Henniker, NH

MBA – Nonprofit Leadership Concentration

Tuition per credit for online MBA program: $599.00
Units Required: 40 Credit Hours
Program Length: 12 – 24 Months
Financial Assistance Options:
- Grants
- Graduate Assistantship
- Work-Study Program
- Loans

The New England College tailors all of its traditional and online MBA programs to prepare students for leadership roles in any business installation. But its MBA with a Nonprofit Leadership Concentration is specifically designed to increase your awareness and understanding of some of the critical aspects of nonprofit management including fundraising, human resources, and nonprofit governance.

It intends to develop and hone your leadership and nonprofit management skills with modern tools and experiential learning approaches to allow you to acquire a deep understanding of real-world problems and formulate ways to address them systematically.

NEC’s MBA Core Courses:

Managerial Accounting
Strategic Planning and Policy
Economics for Leaders
Professional and Organizational Ethics
Strategic Marketing
Capstone Project

Nonprofit Management Courses:

Dynamics of Nonprofit Governance
Strategic Fundraising
Nonprofit Grant Writing and Contract Management

NEC’s accredited online MBA nonprofit management program concentration aims to equip you with key leadership qualities and mold you into an effective communicator, problem solver, negotiator, and motivator of personnel. It also intends to develop your skills in fundraising and strategic planning, as these are essential skills that you need to have in the nonprofit sector.

Crown College

St Bonifacius, MN

Master of Business Administration in Nonprofit Management

Tuition per credit for online MBA programs: $600.00
Units Required: 36 Credit Hours
Program Length: 12 Months
Financial Assistance Options:
- Scholarships
- Grants
- Low-Interest Loans

Tailored to prepare you for efficient performance in nonprofit endeavors, the online MBA in Nonprofit Management program at Crown College teaches you with the same passion, commitment, and enthusiasm as its traditional MBA program. But specific courses are added to give you the knowledge and skills you need to realize a dream career – running a nonprofit organization.

As an online MBA student in Crown College’s MBA in nonprofit management, you will be immersed in MBA core courses and nonprofit management specialization subjects. These courses include:

Required MBA Courses:

Strategic Management
Strategic Planning for Leaders
Theoretical and Spiritual Foundations of Leadership
Managerial Economics
Managerial Accounting
Strategic Human Resources Management
Business Analytics

Nonprofit Management Specialization Courses:

Leadership and Management for Nonprofits
Non-Profit Law
Financial Management for the Nonprofit
Fundraising and Philanthropy
Marketing for Nonprofits

The online MBA in nonprofit management at Crown College is an award-winning program designed for working professionals who want to take their careers to a higher level. It aims to produce leaders with a deep understanding of the complexities of managing a nonprofit organization. The school’s Christian worldview inspires graduates to exercise their profession from a faith-based perspective.

Hope International University

Fullerton, CA

Master of Business Administration – Nonprofit Management

Tuition per credit for online MBA programs: $625.00
Units Required: 36 Credit Hours
Program Length: Months
Financial Assistance Options:
- Grants
- Scholarships
- Loans
- Veteran Benefits

The traditional and online MBA programs of Hope International University are intended to provide students with advanced skills in leadership, communication, critical thinking, analysis, problem-solving, and many more. These are the fundamental business courses that can provide you with the capability to make a positive difference in society, as a manager of a business organization.

HIU’s nonprofit management specialization provides you with a deep understanding of the key elements of running a nonprofit like a business.

MBA in Nonprofit Management Courses:

Entrepreneurship
Strategic Management and Planning
Researching Business Solutions
Servant Leadership and Ethics
Marketing Management
Global and Environmental Economics
Financial Management, and
Synthesis Paper, or
Capstone Project

HIU’s Nonprofit Management Courses:

Fundraising
HR Management
Contemporary Issues for Non-Profit Management
Boards, Committees, and Leadership
Missional Entrepreneurship
Enterprise Development

HIU’s on-campus and online MBA programs are known for their excellent research training, use of combined theoretical and practical learning techniques, and ethics-based pedagogy from respected professors with real-world business management experience.

Calvin University

Grand Rapids, MI

Online MBA – Nonprofit Management

Tuition per credit for online MBA programs: $660.00
Units Required: 36 Credit Hours
Program Length: 12 – 24 Months
Financial Assistance Options:
- Scholarships
- Grants
- Loans
- Student Employment
- Military and Veterans Benefits

Calvin University’s online Master of Business Administration program molds you into an effective industry leader with the Christian faith that plays a major role in your business decisions. Its nonprofit management curriculum provides you with the expertise you need to establish and manage a nonprofit organization with the capability to raise the human and financial resources it needs to prove its worth in society.

Core MBA Courses:

Leadership: Service, Influence, and Transformation
Accounting
Corporate Finance
Statistical Analysis
Marketing Concepts
Responsible Leadership
Leading Groups and Teams
Leading Organizations: Structure, Culture, and Change
Strategic Management – Capstone

Nonprofit Management Courses:

Nonprofit Boards and Community Leadership
Nonprofit Financial Management
Designing an Effective Nonprofit Organization

Calvin University commits to providing its online MBA students in nonprofit management with the key skills they need to steer their business or nonprofit organization in the right direction. These skills include advanced problem-solving, effective communication, and able leadership.

Springfield College

Springfield, MA

Master of Business Administration in Nonprofit Management

Tuition per credit for online MBA program: $724.00
Units Required: 30 Credit Hours
Program Length: 12 Months
Financial Assistance Options:
- Grants
- Scholarships
- Loans

Springfield College designs its MBA in Nonprofit Management program for aspiring leaders who want to succeed in the nonprofit or business sector through an excellent vision and a will to execute plans into action. It consists of business core classes and nonprofit management courses that provide you with knowledge in major areas of business and nonprofit management.

The program intends to prepare you for leadership roles in a business or nonprofit environment through these courses:

Global Strategic Management
Strategic Marketing
Managerial Finance
Human Resources Management
Economics of the Firm in Contemporary Society
Leadership and Governance for Nonprofits
Accounting for Nonprofits
Fund Development and Philanthropy
Law, Ethics, and Corporate Social Responsibility
Electives – Choose One
- Operations and Information Management
- Entrepreneurship
- MBA Internship

Springfield College is committed to equipping its online MBA in nonprofit management students with the knowledge, skills, and tools to formulate strategies to address current business and nonprofit problems.

Cheapest Online MBA in Non-Profit - fact

How an MBA helps Non-Profit Organizations:

This question has been raised, scrutinized, surveyed, and studied several times, especially by institutions of learning who want to determine the feasibility of this specialization. They are responsible for training future professionals who can provide the knowledge, skills, and outlook this social endeavor needs. Here are some good reasons why an MBA in nonprofit management is vital to the success of nonprofit organizations:

Analyzing problems to address complex social problems such as homelessness, illiteracy, drug abuse, environmental degradation, etc. MBA in nonprofit management graduates is trained to solve these problems from an analytical and systematic perspective – and formulate several approaches to determine the most effective and impactful solutions given specific scenarios.
Provide the leadership necessary to motivate, educate, and inspire the advocates of a certain cause or belief, a majority of whom may lack formal business education and training in putting the organization’s mission and plans into action. An MBA can bring effective communication, supervision, conflict resolution, team spirit, and many other skills to the nonprofit table.
Use theoretical and practical business skills to run a nonprofit organization like a real business. Even if nonprofit organizations are not profit-oriented, they still require business knowledge and skills, especially in accounting, economics, and finance. Without these skills, a nonprofit organization won’t be able to reconcile its books or optimize the utilization of the precious donor dollars they receive.

What Non-Profit Management online MBA graduates can expect:

There are more than a million registered charities and nonprofit organizations in the United States alone. Add to them the international nonprofits doing global missions and you will see a myriad of potential employers for graduates of MBA in nonprofit management degree.

As a graduate of an MBA in nonprofit management, having a social issue that’s important to you could help you determine which of the almost endless number of charitable causes would suit you best. Some of these charitable causes include:

Poverty
Child Welfare
Environmental Protection
Health and Wellness
Animal Welfare
Peace
Addiction
Homelessness
Climate Change
Gender Parity
Racial Discrimination
Disaster Relief
Population Displacement
LGBTQIA rights

These are just a few of the plethora of issues that exist and within them are hundreds of charities with individual goals and missions. Several nonprofit organizations have been around for years despite political and economic downturns. They made it through these trials because of their serious commitment and outstanding nonprofit management.

The Bureau of Labor Statistics disclose that the social and community service managers jpb market will increase by 12% between 2021 and 2031. This growth will also result in the opening of approximately 18,000 jobs for social and community service managers each year for that same period. The BLS further stated that this growth is a reflection of the increasing need for social services, especially in the fields of elder care, environmental protection, and addiction treatment.

Cheap Online Programs for MBA in Nonprofit Management:

Each college or university has its own set of tuition and other fees and for this reason, the costs of pursuing an academic goal vary wildly. For students with an average budget, attending a public school may be the best option.

Enrolling in an on-campus MBA program can cost you about $ 20,000 to $150,000 per year, depending on the school’s type, reputation, facilities, and student services. Considering an online MBA in a nonprofit management program is a much better option because it is generally cheaper and accessible wherever you may be as long as you have the tools to access it.

With this information, you may already have an idea of what type of school to choose to earn your MBA in nonprofit management, but you still have much more to do. It would be prudent to do some research to get information about important things you need to know about the MBA degree you want to pursue. This includes knowing the business schools, their respective curricula, tuition, and other costs, faculty, etc. With the help of the Internet, you won’t have a problem getting reliable information.

Although there are universities that offer affordable on-campus MBA in nonprofit management programs, you still need to spend more for your boarding, lodging, and transportation which could involve a hefty sum. You can avoid these costs if you enroll in an online MBA in a nonprofit management program.

To make things easier for you, we gathered several quality MBA online programs with costs ranging from $10,000 to $25,000. We also provide you with a brief overview of their program and curriculum. This will give you a realistic view of the value you will get from the money you pay, except for one thing perhaps – it’s the reputation that most elite schools carry, for it always comes with a price. What’s important is to get the quality of business education and training you need to succeed as a nonprofit management professional. That’s the real value you will always be proud to showcase in the job market.

Frequently Asked Questions

What’s the difference between nonprofit and for-profit organizations?

The main difference between a nonprofit and a for-profit organization is its main objective. A nonprofit organization aims to provide services to foster a defined cause and need such as homelessness, children’s education, environmental protection, etc. It generates revenues through fundraising, donations, grants, sponsorship, and charities.

A for-profit organization, on the other hand, is a business that generates profits and expands its share of the market. Its income comes from customers who patronize the company’s products or services.

In summary, five major elements determine the main differences between a nonprofit and a for-profit organization. These are:

Purpose
Source of Funds
Audience
Leadership, and
Organizational Culture

Can I compete in the job market with an online MBA in nonprofit management?

Yes. Most employers nowadays have an open mind about online programs. Furthermore, your diploma and transcript won’t show how you completed the program. As earlier mentioned in this article, there is an annual demand for about 18,000 nonprofit management professionals from 2021 to 2031.

Will an MBA in nonprofit management lead me to a lucrative career?

While your prospects for getting a good salary with an MBA in nonprofit management, the fact that this specialization is not as lucrative as other MBAs remains. Payscale’s current study reveals that the average annual salary of an MBA in nonprofit management degree holder is $69,000.

What’s the difference between an MBA in Nonprofit Management and a Master of Public Administration?

The Master of Public Administration is considered the best graduate degree program for individuals who want to work in the public sector as it immerses students in courses that relate to government and public service.

On the other hand, an MBA in nonprofit management is a broader degree because it covers business courses such as management, accounting, economics, and finance aside from the nonprofit concentration courses you need to complete. It makes graduates more flexible in terms of employment than graduates of MPAs.

What are some advantages of taking an online MBA in Nonprofit Management programs?

Online MBA in nonprofit management programs will provide you with advanced leadership, analytical, and problem-solving skills to qualify for leadership positions in a profit-based business setting. It also equips you with added knowledge and competencies to be eligible for key roles in the nonprofit sector. Online programs for MBA in nonprofit management broaden your job market, increase your opportunities for employment, and allow you to spend less for the same level of education while you learn at your own pace.

What qualities do I need to lead a Non-Profit organization?

Vision: Ability to develop and articulate a shared vision for an organization.
Communication: Clear and effective communication to build relationships with stakeholders.
Adaptability: Flexible attitude and skill set to respond to changing needs of the organization and community. 4. Accountability: Strong commitment to ensuring ethical practices that meet the expectations of the donors and other stakeholders.
Integrity: Acting with honesty, transparency, and fairness.
Creativity: Developing innovative strategies and solutions to meet organizational goals.
Passion: A deep passion and enthusiasm for the mission of the organization.
Self-awareness: A clear understanding of your strengths and weaknesses.
Team Building: Developing a culture of collaboration and effective problem-solving.
Resilience: The ability to stay focused and positive in the face of challenges.

Before you go, see the following: