Compare Indiana Online MBA Program Averages to Online and National Averages
$32,023
Average Tuition and Fees
$83,648
Average Starting Salary
602
Average GMAT Scores
201
Average Student Enrollment
Averages | Indiana | Online | US |
---|---|---|---|
Average MBA Tuition | $32,023 | $38,875 | $43,476 |
Average Graduate Salary | $83,648 | $83,232 | $81,243 |
Average Graduate ROI | 224% | 153% | 146% |
Average GMAT Scores | 602 | 557 | 561 |
Average Student Faculty Ratio | 14:1 | 17:1 | 16:1 |
Average Full-Time MBA Enrollment | 201 | 298 | 286 |
10 Ways Exceptional Value Meets Online MBA Affordability in Indiana
Indiana’s business schools offer great value and affordability, making them a top choice for future business leaders. With in-state tuition ranging from $7,119 to $24,732 per year, these programs are much cheaper than the national average of $34,421. Despite the lower cost, Indiana ranks 14th in the nation for business school ROI. The state’s programs are closely linked with its major industries, offering specializations in manufacturing, healthcare, technology, and logistics. Students can gain practical experience through partnerships with major companies like Eli Lilly, Cummins, and Salesforce, which are well-established in Indiana.
But why exactly are Indiana’s affordable business schools so outstanding? Let’s dive into the top 10 benefits that make these programs a great investment for your future.
#1 High Return on Investment
Indiana’s business schools provide strong returns on investment. For example, Ball State University and Indiana University-Bloomington offer MBA programs with impressive ROIs. Ball State’s program costs around $20,000, and graduates earn an average starting salary of $75,000. Meanwhile, IU-Bloomington’s Kelley School of Business, which costs about $54,000 for in-state students, has graduates starting at $125,000. This means you could see an ROI of over 130% just a few years after graduation. These schools show that you don’t have to pay a lot to earn a lot.
#2 Industry-Aligned Specializations
Indiana’s business schools excel in offering specializations that fit the state’s key industries. For example, Purdue University’s Krannert School of Management has a unique concentration in Supply Chain and Operations Management, perfect for Indiana’s strong manufacturing and logistics sectors. Similarly, the University of Notre Dame’s Mendoza College of Business offers a cutting-edge Business Analytics specialization, ideal for the growing tech industry in Indianapolis. These specialized programs ensure graduates are ready for high-demand jobs in Indiana’s thriving business scene.
#3 Experiential Learning Opportunities
Hands-on experience is a key feature of Indiana’s business programs. For example, Indiana University-Purdue University Indianapolis (IUPUI) has an Enterprise Corps program where students work with local businesses on real-world projects. Butler University’s Lacy School of Business goes even further with its Real Business Experience course, requiring students to create and run their own businesses. These practical experiences provide valuable skills and networking opportunities, making graduates more attractive in the job market.
#4 Strong Alumni Networks
A strong alumni network is crucial, and Indiana’s business schools excel in this area. Indiana University’s Kelley School of Business has over 123,000 alumni worldwide, offering incredible networking and career opportunities. Purdue University’s Krannert School of Management also has a large network of over 50,000 alumni, providing mentorship and job placement help. These connections often lead to internships, job offers, and long-term career support, making an Indiana business education a great investment.
#5 Innovative Entrepreneurship Programs
For aspiring entrepreneurs, Indiana’s business schools offer top-notch programs to help start new ventures. Ball State University’s Entrepreneurship Center gives students access to funding, mentorship, and resources to launch their own businesses. The University of Notre Dame’s IDEA Center has a program called Innovation, De-risking, and Enterprise Acceleration, which has already helped start over 100 student-led companies. These initiatives provide practical experience and contribute to Indiana’s growing reputation as a hub for innovation and entrepreneurship.
#6 Flexible Learning Options
Indiana’s business schools understand that students have diverse needs and offer flexible learning options. Indiana University’s Kelley Direct Online MBA program is consistently ranked among the best and allows students to earn an MBA entirely online. Purdue University Global also offers various online business degrees, from associate to master’s levels, catering to working professionals and non-traditional students. These flexible programs make high-quality business education accessible to more people, regardless of their location or work commitments.
#7 Corporate Partnerships
Indiana’s business schools have strong relationships with local and national companies to enhance student experiences. For example, Butler University’s Lacy School of Business partners with Salesforce to offer a Customer Relationship Management concentration. Indiana University-Purdue University Fort Wayne collaborates with local manufacturing giants like General Motors and BAE Systems to provide internships and project-based learning opportunities. These partnerships enrich the curriculum and often lead to direct employment opportunities for graduates.
#8 Affordable Living Costs
Indiana’s business schools offer value beyond tuition. Cities like Bloomington, West Lafayette, and Muncie have lower living costs compared to major cities. This means students can focus more on their studies without financial stress. For instance, the cost of living in Bloomington is about 3% below the national average, while West Lafayette is nearly 10% below. This affordability allows students to maximize their educational investment and potentially graduate with less debt.
#9 Research Opportunities
Despite their affordability, Indiana’s business schools offer excellent research opportunities. Purdue University’s Krannert School of Management has several research centers, including the Dauch Center for the Management of Manufacturing Enterprises, providing students with opportunities for cutting-edge research. Indiana University’s Kelley School of Business offers the Institute for Business Analytics, where students can participate in data-driven research projects. These research experiences enhance learning and make graduates more attractive to employers seeking data-savvy professionals.
#10 Career Services and Job Placement
Indiana’s business schools excel in preparing students for the job market. Ball State University’s Career Center offers personalized career coaching, resume reviews, and mock interviews. The University of Evansville goes further with its Career Advantage Program, guaranteeing that students who complete the program will secure a job or graduate school admission within six months of graduation or receive additional education for free. With job placement rates often exceeding 90%, these schools show a strong commitment to student success, ensuring a solid return on investment.
Our Top 10 Picks for Affordable Online MBA Programs in Indiana
#1 in Indiana
Indiana University-Purdue University Fort Wayne
Richard T. Doermer School of Business
- 2101 E. Coliseum Boulevard, Fort Wayne, IN - 46805-1499
- Institution Control: Public
- Academic Year:
- Accreditation: AACSB
- Award Levels: Masters in Business, Masters Specialist, Undergraduate, Undergraduate Certificate
- Offered as: Campus, Evenings, Online, Part-Time, Weekends
Business School Details
Student / Faculty Ratio: 14:1
Tuition and Fees: $16,756
Total Enrollment: 1,034
Concentrations: Accounting, Economics, Entrepreneurship, Finance +6 more
Ranking: MBAGuide
Average GMAT Score: 530
Graduate Salary: $77,400
AACSB Accredited: Business
Graduate ROI: 231%
MBAGuide Rankings:
The Richard T. Doermer School of Business at Purdue University Fort Wayne is also a must-consider option for students looking for a valuable business education in Indiana. The school's focus on hands-on learning and strong connections to local industries give students opportunities to use their knowledge in real-life situations. With programs tailored to major industries in the state, like manufacturing, healthcare, and logistics, students are set up for successful careers in Indiana's fast-paced business world. The Doermer School's commitment to innovation is clear in its high-tech Business Analytics Lab, which provides students with the latest tools and techniques for data-driven decision-making. This forward-looking approach, along with a faculty of industry experts, creates an environment where future business leaders can grow and gain the skills needed to succeed in today's competitive market.
Experiential Learning Opportunities
The Doermer School of Business emphasizes hands-on learning experiences. Students benefit from internships, co-op programs, and consulting projects with local businesses, which allow them to apply classroom knowledge to real-world situations. This practical approach not only deepens their understanding of business concepts but also helps build valuable professional networks and improves their chances of getting jobs after graduation.
Industry-Aligned Curriculum
The school's curriculum is designed to match the needs of major industries in Indiana. Concentrations in business analytics, finance, human resources management, and other areas directly connect to the state's economic landscape. This alignment ensures that graduates are ready for careers in key sectors like manufacturing, healthcare, and technology, which are crucial to Indiana's economy.
State-of-the-Art Business Analytics Lab
One of the standout features of the Doermer School is its Business Analytics Lab. This high-tech facility gives students access to advanced software and tools used in data analysis and business intelligence. The lab offers a unique learning environment where students can develop important skills in data visualization, predictive modeling, and data-driven decision-making, giving them a competitive edge in the job market.
Expert Faculty with Industry Experience
The Doermer School has a faculty of experienced professionals who bring real-world insights into the classroom. Many professors have extensive industry backgrounds, allowing them to share practical knowledge and current business trends with students. This blend of academic expertise and industry experience creates a rich learning environment that prepares students for the challenges of the modern business world.
Strong Community Partnerships
The school has built strong relationships with local businesses and organizations, creating many opportunities for students. These partnerships lead to guest lectures, networking events, and collaborative projects, giving students valuable exposure to potential employers and industry leaders. The school's deep connections within the Fort Wayne business community provide students with a unique advantage in starting their careers locally or regionally.
#2 in Indiana
Indiana State University
- 30 North 7th Street, Terre Haute, IN - 47809-5402
- Institution Control: Public
- Academic Year:
- Accreditation: AACSB
- Award Levels: Masters in Business, Undergraduate
- Offered as: Campus, Evenings, Full-Time, Online, Part-Time, Weekends
Business School Details
Student / Faculty Ratio: 16:1
Tuition and Fees: $19,000
Total Enrollment: 965
Concentrations: Accounting, Data Analytics, Economics, Education +14 more
Ranking: MBAGuide
Average GMAT Score: 685
Graduate Salary: $100,000
AACSB Accredited: Business
Graduate ROI: 263%
MBAGuide Rankings:
Indiana State University's Scott College of Business is one of the best business schools in Indiana. This program offers a flexible and respected degree, with specializations in key areas like finance, marketing, and supply chain management. These specializations prepare students to lead in Indiana's business world. Unique partnerships, such as with the CFA Institute and the Sales Education Foundation, show the college's commitment to providing relevant skills and credentials. In terms of reputation, for fifteen years straight, the Princeton Review has recognized its MBA program as one of the best in the nation.
Cutting-Edge Curriculum and Industry Connections
The Scott College of Business offers more than just traditional business education. With over 25 majors, minors, and certificates, many available online, students get practical training for in-demand business careers. The college's strong connections to Indiana's industries ensure that courses stay current with the latest business trends and practices.
Flexible Learning Options
Understanding that students have diverse needs, the Scott College of Business offers various MBA options. These include an on-campus program with flexible start dates, an accelerated online program, and a Professional MBA for those with experience. This flexibility helps students balance their studies with work and personal life.
Affordable Excellence
The Scott MBA program is known for providing high-quality education at an affordable price. With competitive tuition and financial aid options, including scholarships like the Tim and Bob O'Neill Online Scholarship, the college ensures that a top-tier business education is accessible to many students.
Innovative Learning Environment
Students at the Scott College of Business enjoy a supportive and innovative learning environment. With a student-to-instructor ratio of 15:1, students get personalized attention from faculty who are both experts and dedicated mentors. The college's focus on cutting-edge technology and unique learning experiences equips students to handle the ever-changing business world.
Career-Focused Preparation
The Scott College of Business prepares students for successful careers beyond the classroom. Through its Sales and Negotiations Center, recognized as a top program for professional sales education, students gain valuable practical skills. Additionally, the college's partnership with the CFA Institute allows finance students to pursue the prestigious Chartered Financial Analyst® designation, leading to advanced career opportunities in investments.
#3 in Indiana
Ball State University
- 2000 West University Ave, WB 100, Muncie, IN - 47306-0325
- Institution Control: Public
- Academic Year:
- Accreditation: AACSB
- Award Levels: Graduate Level Certificate, Masters in Business, Masters Specialist, Undergraduate
- Offered as: Campus, Full-Time, Online
Business School Details
Student / Faculty Ratio: 13:1
Tuition and Fees: $21,197
Total Enrollment: 2,310
Concentrations: Accounting, Economics, Education, Entrepreneurship +12 more
Ranking: MBAGuide
Average GMAT Score: 640
Graduate Salary: $76,400
AACSB Accredited: Business and Accounting
Graduate ROI: 180%
MBAGuide Rankings:
Ball State University's Miller College of Business is a top choice for future business leaders in Indiana. One of its standout features is the SOAR program, which offers a structured three-year course to boost career skills and connect students with mentors. This sets a strong foundation for professional success. The college also emphasizes hands-on learning with unique facilities like the Maplewood Mansion Learning Lab, where students manage a real boutique apartment building. This practical approach aligns well with Indiana's diverse business scene, including manufacturing and technology sectors.
The college's focus on entrepreneurship is evident through its nationally ranked programs and the Pre-Seed Fund, which gives grants to students to develop their business ideas. This not only fosters innovation but also supports the state's growing startup ecosystem. With an impressive 94% placement rate for graduates, the college proves it can prepare students for the competitive job market, making it a great choice for a business education in Indiana.
Innovative SOAR Program
The Miller College of Business offers the unique Student Orientation, Advising, and Registration (SOAR) program, which spans the first three years of study. This program boosts career skills, professional readiness, and connects students with mentors and campus resources. By providing structured support during the early years of college, SOAR ensures students are well-prepared for their academic journey and career paths.
Experiential Learning Opportunities
The college emphasizes hands-on learning experiences that connect theory and practice. Students have access to facilities like the Maplewood Mansion Learning Lab, where they gain real-world experience in property management. Additionally, the student-run Allègre Restaurant provides practical training in hospitality, event planning, food and beverage management, and hotel management. These immersive experiences equip students with valuable skills and insights sought after in the business world.
Entrepreneurship Support and Recognition
The Miller College of Business provides a nurturing environment for aspiring entrepreneurs. Its entrepreneurship program is nationally ranked, showing its dedication to innovation and business creation. The Pre-Seed Fund offers grants to students for venture development, helping them secure intellectual property, build prototypes, and validate products. This initiative not only supports student entrepreneurship but also contributes to Indiana's economic growth by nurturing future business leaders.
Strong Industry Connections
The college maintains strong ties with the business community, offering students opportunities to engage with industry professionals. Corporate executives and business leaders visit the college through the Distinguished Speaker Series and Dialogue Days, giving students insights into current business practices and trends. These interactions, along with the college's emphasis on internships and networking, help students build professional connections and deepen their understanding of their fields.
Comprehensive Career Support
The Miller College of Business is dedicated to student success, offering extensive career support services. The college pairs students with internships that match their interests and career goals. This, combined with the university's Career Center resources, helps students build professional networks and explore various career paths. The 94% placement rate for Ball State graduates highlights the effectiveness of these career development initiatives, demonstrating the college's commitment to preparing students for successful business careers.
#4 in Indiana
Valparaiso University
- 230 Urschel Hall, Valparaiso, IN - 46383-6493
- Institution Control: Private
- Academic Year:
- Accreditation: AACSB
- Award Levels: Masters in Business, Undergraduate
- Offered as: 1-Year, Campus, Evenings, Full-Time, Online, Part-Time, Partnership, Weekends
Business School Details
Student / Faculty Ratio: 11:1
Tuition and Fees: $30,780
Total Enrollment: 392
Concentrations: Accounting, Data Analytics, Economics, Entrepreneurship +10 more
Ranking: MBAGuide
Average GMAT Score: 610
Graduate Salary: $64,840
AACSB Accredited: Business
Graduate ROI: 105%
MBAGuide Rankings:
#5 in Indiana
Butler University
Andre B. Lacy School of Business
- 4600 Sunset Avenue, Indianapolis, IN - 46208-3487
- Institution Control: Private
- Academic Year:
- Accreditation: AACSB
- Award Levels: Masters in Business, Masters Specialist, Non-MBA, Undergraduate
- Offered as: Campus, Evenings, Full-Time, Online, Part-Time, Weekends
Business School Details
Student / Faculty Ratio: 12:1
Tuition and Fees: $39,000
Total Enrollment: 1,340
Concentrations: Accounting, Data Analytics, Economics, Education +12 more
Ranking: MBAGuide
Average GMAT Score: 622
Graduate Salary: $59,000
AACSB Accredited: Business
Graduate ROI: 76%
MBAGuide Rankings:
#6 in Indiana
Indiana University Bloomington/Indianapolis
- 1275 East 10th Street Suite 3000, Bloomington, IN - 47405-1703
- Institution Control: Public
- Academic Year:
- Accreditation: AACSB
- Award Levels: Doctoral, Dual-MBA, Integrated Undergraduate Masters, Masters in Business, Masters Specialist, Undergraduate
- Offered as: Campus, Distance Education, Full-Time, Online
Business School Details
Student / Faculty Ratio: 17:1
Tuition and Fees: $60,858
Total Enrollment: 12,033
Concentrations: Accounting, Consulting, Data Analytics, Economics +15 more
Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
Average GMAT Score: 685
Graduate Salary: $136,352
AACSB Accredited: Business and Accounting
Graduate ROI: 112%
MBAGuide Rankings:
#7 in Indiana
Indiana University Bloomington
- 801 W Michigan St, Bloomington, IN - 46202
- Institution Control:
- Academic Year:
- Accreditation: AACSB
- Award Levels: #N/A
- Offered as: Campus, Online
Business School Details
Student / Faculty Ratio: 17:1
Tuition and Fees: $62,688
Total Enrollment: 15,872
Concentrations: Accounting, Consulting, Entrepreneurship, Finance +5 more
Ranking:
Average GMAT Score: 685
Graduate Salary: $117,400
AACSB Accredited: N/A
Graduate ROI: 94%
MBAGuide Rankings:
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