MUNCIE - Educational website OnlineCollegePlan has released its ranking of the 30 Best Online MBA in Entrepreneurship Programs. Ball State University and Indiana University both made the list. 

The ranking was created considering cost per credit hour with a weight of 35%, average 20-year return on investment with a 20% weight, reputation 15%, student to faculty ratio 10%, percentage of graduate students 10% and retention rate with a weight of 10%.

Ball State was ranked No. 7 on the list, with IU not far behind at No. 9. 

The site only ranked programs that can be taken completely online, available to all types of students and provide a modern spin on the traditional MBA programs that it says students are used to. 

The schools and their rankings in order include: 

1. University of Illinois at Urbana-Champaign (Champaign, IL)
2. University of Massachusetts - Amherst (Amherst, MA)
3. Pennsylvania State University (State College, PA)
4. Oklahoma State University (Stillwater, OK)
5. University of Florida (Gainesville, FL)
6. Carnegie Mellon University (Pittsburgh, PA)
7. Ball State University (Muncie, IN)
8. Babson College (Babson Park, MA)
9. Indiana University (Bloomington, IN)
10. Drexel University (Philadelphia, PA)
11. University of North Carolina (Chapel Hill, NC)
12. Azusa Pacific University (Azusa, CA)
13. Messiah College (Mechanicsburg, PA)
14. North Carolina State University (Raleigh, NC)
15. Samford University (Homewood, AL)
16. Syracuse University (Syracuse, NY)
17. Lindenwood University (St Charles, MO)
18. Northeastern University (Boston, MA)
19. Louisiana State University Shreveport (Shreveport, LA)
20. Endicott College (Beverly, MA)
21. Missouri State University (Springfield, MO)
22. University of West Florida (Pensacola, FL)
23. Concordia University - Wisconsin (Mequon, WI)
24. City University of Seattle (Seattle, WA)
25. Brandman University (Irvine, CA)
26. Temple University (Philadelphia, PA)
27. Everglades University (Boca Raton, FL)
28. The University of Texas at Dallas (Dallas, TX)
29. Regent University (Virginia Beach, VA)
30. Eastern Michigan University (Ypsilanti, MI)

For more information, click here.