Research related to moral reasoning and development has been increasing over the past decade as a result of the business-related scandals of the early 2000’s. Education has been shown to have a strong correlation to the moral development of individuals. Additionally, the rise in online learning has brought a new dynamic to the cognitive moral development of future business leaders. The problem addressed in this study is how an online program impacts the moral reasoning development of undergraduate business students. This study issued the DIT survey to senior-level undergraduate students declared as business majors from a face-to-face and online format at a single university in order to obtain the moral reasoning scores of the respondents. A multiple regression analysis was used to determine the impact that mode of delivery has on the cognitive moral development of the undergraduate business students. Consideration was given to students that are taking courses in both formats. Additionally, potentially confounding variables were collected and accounted for as controls.