Learn More | Get Info Today

Virtual MBA



In today's competitive business environment, distinguishing yourself from the crowd requires gathering every skill you can and developing proficiency for thinking "outside the box." Increasingly, companies are using an MBA to qualify employees when considering them for advancement.

Earning an online MBA degree with Indiana Wesleyan University school of business proves your mettle as a power-achiever. When you choose the Virtual MBA degree from IWU, you choose a degree completion program that efficiently teaches you the traditional disciplines: economics, finance, marketing and management. More importantly, as a Christian university, IWU's MBA students are distinguished by their commitment to values-based living.

IWU's newest MBA offerings are very distinct from other online MBA programs. These Virtual MBA programs use advanced technologies comparable to Second Life® and other virtual world and gaming applications. The two virtual programs include an international business and executive management specialization. You will become a trainee in a virtual-reality company designed around an actual manufacturing company.

These accredited, 25-month program options are especially good for the motivated student. Although it takes only 36 credit hours of graduate program coursework, the courses are demanding and require a high amount of personal commitment. With flexibility to fit your schedule through distance learning, this may be the perfect MBA to fit your needs.

Where Your Integrity Empowers Your Business Excellence

IWU believes that students in the online MBA program must strive for a balance between scholarship and personal growth. Throughout our curriculum, students are encouraged to realize the best in themselves and to trust that they can change the world around them for the better. With the business world as volatile as it is today, your choice of an online MBA program that supports your commitment to living ethically and morally will increase your value to potential employers. Companies are reaching out to people who emphasize character, honesty, integrity, and other rare leadership qualities in their daily lives.

The IWU Difference

The IWU degree you will receive upon completing the Virtual MBA program is no different from an IWU degree earned onsite - in appearance, prestige, or value. With a curriculum that stresses both traditional standards of instruction and the integration of 21st-century Internet management methods and technologies, no wonder more and more students are turning to Indiana Wesleyan University to become business leaders and world changers.

If you are in the work force and find your career stalled after stopping at the Bachelor's level, a Master's in business from IWU could help you advance up the career ladder.

If you are interested in earning an MBA in international business, or any of the adult education programs at IWU, contact us at 866-GO-TO-IWU for more information.

Tuition & Financial Aid

Credit Hours Online Tuition
36 Total $775 / credit hour

*Effective July 1, 2017, through June 30, 2018.

The total cost of the program, including tuition, books, and fees, will be determined prior to your enrollment. The cost will be divided into several payments spread over the course of the program. Course textbooks will be shipped to you before each course begins. The cost of books increases for shipments outside of the 48 contiguous United States.

The total credit hours and per-credit-hour costs listed above are effective for the core program. For prerequisite or other required courses if applicable, students will need to pay for appropriate tuition, books, and any additional fees. Costs may change if you withdraw from the program and restart in a future program at a later date.

Financial Aid

Financial aid is available in the form of grants, loans, scholarships, veterans benefits, and even employer reimbursement.

For information about financial aid, call 800-621-8667, ext. 2516, visit our financial aid website, or email NonResAid@indwes.edu.

Financial aid is not available for unclassified students.


The Virtual MBA degree program requires the completion of 36 credit hours. It utilizes a mastery learning concept that prohibits students from proceeding through a course until they demonstrate competency. Each course consists of multiple modules. Students must get over a competency hurdle in each module before they can move on.

There are six primary processes of learning in each Virtual MBA course:

  1. Observation of the work of Central Products Company managers and employees as well as fellow students.
  2. Explanation through training and instruction by the Central Department Manager, the virtual professor, and assigned readings.
  3. Application of the student's knowledge to problems and case studies within the Central Products Company and the market and industry context. These are assigned by the manager, virtual professor, or university professor.
  4. Mentoring through feedback, instruction, and correction by the virtual professor, personal guide, and university professor when the student is not getting things quite right or additional perspective is deemed necessary. The student also receives real-time feedback from the "performance gauge" and periodic Performance Appraisals.
  5. Testing and Review accomplished both in the Central Products Company context and through more traditional-looking tests (competency hurdles) at the end of each module.
  6. Contextualizing done via the cohort mentoring experience where students interact with one another and learn from practicing professionals.

The Virtual MBA has two specialization options: Executive Management and International Business.

Similar to performance evaluations in an OJT context, course assessment occurs in real time. Student input provides IWU and the professors with a powerful tool to determine where problems exist in the courses. 

International Business

The International Business track is a 13-course program that culminates with a capstone project course and a final comprehensive exam review.

Core Courses

36 credit hours

Executive Management

The Executive Management track is a 13-course program that culminates with a capstone project course and a final comprehensive exam review.

Core Courses

36 credit hours


Below are the lists of requirements for the Virtual MBA program. Click on each link to expand the requirements. If you have any questions about the admissions process, feel free to contact one of our admissions representatives at 1-866-498-4968.

Admission Requirements

  1. A baccalaureate or graduate degree from a college or university accredited by a regional accrediting body or by the Association for Biblical Higher Education, veri ed on o cial transcripts sent by the institution directly to Indiana Wesleyan University.

  2. An undergraduate grade point average (GPA) of 2.5 or higher from the baccalaureate degree-granting institution at which a minimum of 30 credit hours was completed. If an applicant’s GPA is below 2.5, the student may be admitted on a probationary basis, as established by the guidelines of the college.

Graduation Requirements

  1. All credits required in the curriculum sequence with a minimum GPA of 3.0 and a minimum grade of “C” in each course. A grade of “C-” or below will require the course to be repeated.

  2. Overall GPA of 3.0 in all IWU graduate work.

  3. Payment of all tuition and fees is required to receive a diploma.

A maximum of six (6) credit hours of equivalent coursework, excluding ADM-508 and ADM-560, may be transferred from regionally accredited institutions. Credit may be allowed for courses equivalent in content, credit hours, and course title.

Complete the Online Application

This is your first step toward making your dreams come true for your future. Whether it's to advance your current career, start a new career path, or simply continue that lifelong love of learning, Indiana Wesleyan University is the place for you.

Online Application

Additional Steps to Apply

1. Transcripts

Official transcripts are required from each undergraduate regionally accredited institution attended. Indiana Wesleyan University will accept for its permanent file only those transcripts sent in a sealed envelope directly to IWU by the registrar of the attended institution(s). Official transcripts must exhibit the official seal and signature of the registrar. Transcripts that are stamped "student copy," "issued to student," or "unofficial" cannot be accepted as official.

College Transcripts from Non-U.S. Schools
For college transcripts from non-U.S. schools, secure a "Course-by-Course Report" from Educational Credential Evaluators ( ECE). Be sure to request that the report be sent directly to us at the address below. The evaluation must list course-by-course hours and grades.

2. TOEFL Scores

Submit a copy of your TOEFL scores if English is not your primary language. For more information about this test, visit www.toefl.org.

Materials should be mailed to:
Indiana Wesleyan University
Adult Enrollment Students
1900 W. 50th St.
Marion, IN 46953

Please contact your enrollment representative if you have any questions.

Start Dates

Below are the program locations, upcoming dates, and meeting times for the Virtual MBA program. This list is updated regularly as new classes are added.

Executive Management

International Business

Benefits and Comparison

Indiana Wesleyan University's Virtual MBA program does more than help you master advanced business skills. You will learn an innovative approach to the application of technology, finance, economic, and 21st-century management tools. You will develop your leadership ability to bring order to chaos and to foster success.

Students who succeed in the Virtual MBA degree program are those who seek to enhance their character and strive for personal growth. They crave knowledge and are driven to improve the quality of their lives, their families, and others.

Virtual MBA Programs - Equalizing Education

With IWU's Virtual MBA programs, you have great flexibility and convenience. You can study at the times that are best for you and from any geographical location. You can design your educational experience to suit your particular learning style and lifestyle. This freedom is one of the many benefits of the Virtual MBA program.

Watch the Virtual MBA vignette titled "Marketing - Is the Customer King?," a typical learning situation from the program, by clicking on the video.


Every student will participate in Marketplace Mentoring sessions. These are opportunities for you to debate and discuss the critical issues that never come up in most classrooms or case studies. You will comment on business executives' viewpoints and post on other classmates' ideas through an online discussion board. These forums also provide worldwide networking opportunities.

How the Program Compares

Students choose IWU over other MBA online programs because they see a university and a values-based curriculum that reflect their goals for educational and personal growth.

Accreditation and Credibility

Indiana Wesleyan University meets national and regional standards, being accredited by The Higher Learning Commission and a member of the North Central Association of Colleges and Schools (www.ncahlc.org or 312-263-0456). Unlike some other MBA online programs, the IWU degree is recognized and well respected. Your diploma is issued by Indiana Wesleyan University, which is one of the largest private universities in the state of Indiana. Since 1920, IWU has mentored students on their paths to excellence and prestige. We bring this stability to our online programs.

Virtual MBA Program Content

The Virtual MBA program utilizes a real company to create a realistic and challenging context, drawing on the best pedagogy of highly qualified professors to engineer the course content. These professors have worked with screenwriters, animators, and producers to create the finished product. You will experience your education through interaction, assignments, and important company projects and responsibilities provided through company managers, employees, vendors, customers, and competitors as you rotate through the departments of the virtual-reality company and the marketplace.

The Virtual MBA is a 36-credit-hour program and takes 25 months to complete. You are required to log on to your course at least once a week and can access the course any time of the day or day of the week using a computer with high-speed Internet and a sound card with speakers. You will take one course at a time. Each three-credit-hour course takes nine weeks for completion.