Lake Erie College Ranked a Top School for Online Master’s in Business for 2023

Lake Erie College has been ranked as one of the nation’s best colleges for their online master’s programs in business and #10 in the State of Ohio. Only six percent of regionally accredited postsecondary institutions earned a ranking position. 

Painesville, Ohio February 13, 2023 – Lake Erie College has been recognized as one of the best schools for online learning at the master’s level by OnlineMastersDegrees.org (OMD). LEC’s business programs earned top honors for overall quality, affordability and commitment to student success. 

Lake Erie College was analyzed along with more than 7,700 accredited universities by using data pulled from the schools themselves and from the Integrated Postsecondary Education Data System (IPEDS). After the data was compiled, OMD’s data science team then applied a proprietary algorithm to rank all qualifying schools for each of the different master’s degrees’ specialties. Primary data points include:

• Academic counseling services

• Career placement services

• Student/faculty ratio

• Tuition

• Percent of students receiving school-based aid

• Amount of school-based aid per student

"This year, we focused on the schools making it easier for students to compete in today’s increasingly difficult job market,” said Kyle Darland, co-founder of OMD. “Each ranked school offers fully or partially online master’s program in business at a time when earning a master’s has become a minimum barrier to entry for many.”

“We are extremely proud and honored to have earned this award,” said Dr. Jenni Kinnaird, Dean of the College, Dean of the School of Business. “There was no singular architect to our success. This was a complete team effort by our faculty, staff & students who all believe in the mission of our college.”

Darland is referencing a recent survey from CareerBuilder, which found that “thirty-three percent of employers are hiring workers with master’s degrees for positions that had been primarily held by those with four-year degrees.” These employers cited an evolution of the skills needed to perform the jobs as the cause of the shift, and an increase in work quality, productivity and employee retention as the result.

“Providing students with opportunities to get a master’s online is only part of our rankings,” said Darland. “Top-ranked schools also had competitive tuition rates and/or scholarships to help drive costs down. And with grocery, gas and other expenses on everyone’s mind right now, an affordable master’s is key.”

To be eligible for ranking, a university must hold active regional accreditation and have at least one partially online master’s program in the ranking subject. Just 8 percent of U.S. postsecondary institutions earned a ranking position. 

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