4 Most Affordable Online MBA Programs in Iowa – 2024

10 Ways Exceptional Value Meets Online MBA Affordability in Iowa

When thinking about getting an MBA, two big things come to mind: how much it costs and what you get out of it. In Iowa, business schools offer a great deal, with in-state tuition ranging from $7,000 to $32,000 per year. This is much cheaper than the national average of $60,000 for private schools and $27,000 for public schools. But don’t worry, you’re not sacrificing quality. Iowa’s MBA programs are designed to match the state’s booming industries like agribusiness, renewable energy, and advanced manufacturing. With major companies like Principal Financial Group, Rockwell Collins, and John Deere based in Iowa, graduates have plenty of job opportunities. Plus, Iowa ranks 15th in the nation for the affordability and value of its business schools, making it a great choice for students who want a high-quality education without spending a fortune.

Iowa’s MBA programs aren’t just affordable—they also offer a strong mix of academic challenge, industry relevance, and career growth opportunities. From Des Moines to Iowa City, these programs cater to both traditional students and working professionals. So, what makes these affordable business schools in Iowa stand out? Let’s dive into the top 10 benefits they offer.

#1: High Return on Investment (ROI) and Career Growth

Graduates from Iowa’s affordable business schools see significant salary increases after getting their MBAs. For example, the University of Iowa’s Tippie College of Business reports an average salary increase of 63% for its graduates, while Iowa State University’s Ivy College of Business sees a 54% rise. Many alumni land leadership roles in top companies within five years of graduation. The University of Northern Iowa’s MBA program, which focuses on practical skills, shows graduates achieving a 40% salary boost within three years. This excellent ROI proves the high quality of education and strong industry ties these programs offer, making them a smart choice for career-minded students.

#2: Specialized Programs Aligned with Industry Needs

Iowa’s business schools offer specializations that match the state’s key industries. For instance, Drake University has a concentration in agricultural business, fitting for Iowa’s strong farming sector. The University of Iowa offers a track in business analytics, meeting the growing need for data-driven decision-making. Iowa State University features a supply chain management concentration, ideal given Iowa’s strategic location for logistics and distribution. These specialized programs ensure graduates are well-prepared and highly valued by employers.

#3: Flexible Learning Options

To meet the diverse needs of students, many of Iowa’s MBA programs offer flexible learning formats. The University of Northern Iowa’s MBA can be completed entirely online, making it perfect for working professionals. Iowa State University offers a hybrid model, blending online courses with occasional on-campus sessions. Upper Iowa University provides a self-paced option, letting students move through the curriculum at their own speed. This flexibility makes these programs accessible and allows students to tailor their education to their personal and career needs.

#4: Strong Industry Connections

Iowa’s business schools have strong ties with local and national businesses, giving students valuable networking and hands-on learning experiences. The University of Iowa’s Tippie College of Business collaborates with John Deere, allowing students to work on real projects. Drake University has a “Corporate Project” where students solve business problems for Des Moines-based companies. Iowa State’s CyBIZ Lab connects MBA students with businesses across the state for consulting projects. These partnerships often lead to internships and job offers, giving graduates a competitive edge.

#5: Focus on Entrepreneurship and Innovation

Iowa’s MBA programs are leaders in promoting entrepreneurship and innovation. The University of Northern Iowa includes an “Innovation Incubator” course where students pitch business ideas to local investors. Iowa State’s Pappajohn Center for Entrepreneurship offers resources, mentorship, and pitch competitions. Drake University teaches “Design Thinking for Business Innovation,” encouraging creative problem-solving. This emphasis on entrepreneurship prepares students to start their own ventures or bring innovative thinking to established companies.

#6: Global Business Perspective

Iowa’s MBA programs offer a global business outlook despite their Midwestern location. The University of Iowa’s Tippie College of Business requires an international business seminar, often involving travel to emerging markets. Iowa State has a “Global Programs” track with study abroad opportunities in countries like China, Brazil, and Germany. Upper Iowa University includes global case studies and virtual international collaborations. This global focus equips graduates to handle the complexities of international business.

#7: Personalized Career Services

Iowa’s affordable MBA programs are known for their personalized career services. The University of Northern Iowa provides one-on-one career coaching. Iowa State’s Ivy College of Business has a dedicated MBA Career Services team that helps each student with job search plans. Drake University includes a “Career Vision” course where students work with advisors to map out their careers. These services often continue after graduation, ensuring students get the most out of their MBA.

#8: Small Class Sizes and Individual Attention

Unlike larger, more expensive MBA programs, Iowa’s schools maintain small class sizes and close student-faculty relationships. Upper Iowa University’s MBA classes usually have fewer than 20 students. The University of Northern Iowa has a student-to-faculty ratio of 15:1. Drake University’s “Executive in Residence” program gives students access to experienced business leaders for mentorship. This intimate setting enhances learning and helps build strong professional networks.

#9: Cutting-Edge Curriculum

Iowa’s MBA programs stay current with business trends and technologies. The University of Iowa’s Tippie College of Business offers a concentration in Business Analytics and Information Systems. Iowa State has courses in artificial intelligence and machine learning applications in business. Drake University includes sustainable business practices and corporate social responsibility in its curriculum. These programs ensure graduates are prepared for the future of business.

#10: Strong Alumni Networks and Ongoing Support

The value of an MBA lasts long after graduation, and Iowa’s business schools have strong alumni networks and ongoing support. The University of Iowa’s Tippie College of Business hosts alumni events for networking. Iowa State’s MBA program offers lifetime career services, including job search help and workshops. The University of Northern Iowa has an MBA Alumni Advisory Board that mentors current students. These networks provide valuable connections and contribute to the long-term value of the MBA.

Iowa’s affordable MBA programs offer an impressive blend of cost-effectiveness, quality education, and career opportunities. For students seeking a high-value education without breaking the bank, Iowa is an excellent destination.

Our Top 4 Picks for Affordable Online MBA Programs in Iowa

#1 in Iowa

The University of Iowa

Tippie College of Business

• 
  108 Pappajohn Business Bldg., Suite C120, Iowa City, IA - 52242
• Institution Control: Public
• Academic Year:
• Accreditation: AACSB

• Award Levels: Doctoral, E-MBA, Graduate Level Certificate, Masters in Business, Masters Specialist, Undergraduate, Undergraduate Certificate
• Offered as: Campus, Evenings, Full-Time, Off Campus, Online, Part-Time, Partnership, Weekends

Business School Details

• Student / Faculty Ratio: 17:1
• Tuition and Fees: $23,453
• Total Enrollment: 5,105
• Concentrations: Accounting, Communications, Economics, Finance +5 more
• Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
• Average GMAT Score: 650
• Graduate Salary: $112,820
• AACSB Accredited: Business and Accounting
• Graduate ROI: 241%
• MBAGuide Rankings:
  • Most Affordable Online MBA in Iowa
  • Most Affordable Online MBA in Most Affordable Online MBA
  • Best MBA Program in Iowa
  • Best Online MBA in Iowa

The University of Iowa's Tippie College of Business is one of the top business schools in the state. It offers a mix of innovative programs, flexibility, and courses that are relevant to today's industry. Tippie's online MBA program has grown significantly, especially after the COVID-19 pandemic. It now draws students from 48 states and six countries. This growth shows how well-regarded and adaptable the program is. The college's focus on specialized certificates in fields like business analytics, finance, and marketing aligns well with Iowa's key industries, such as advanced manufacturing, biosciences, and financial services. With strong connections to over 1,300 companies across the U.S., Tippie gives students valuable real-world experience and networking opportunities.

Tippie's dedication to innovation is clear in its advanced research centers, like the Iowa Electronic Markets Institute, a leader in prediction market studies. The college also emphasizes entrepreneurship, with programs like the Entrepreneurial Management Certificate and the John Pappajohn Entrepreneurial Center. Furthermore, Tippie's global approach, including international MBA programs and study abroad opportunities, prepares students for leadership roles in the global business environment.

Flexible and Affordable MBA Program

Tippie's online MBA program is both flexible and affordable. At $33,750 for all students, it offers a high-quality education at a competitive price. The program is designed to be completed in two years but can be stretched to up to ten years to accommodate individual schedules, making it ideal for working professionals balancing their careers and education.

Innovative Curriculum and Specializations

The MBA curriculum at Tippie is more than just traditional business education. Students can specialize in areas like leadership, marketing, finance, innovation, and business analytics. They can also earn Professional Certificates, meaning they graduate with an MBA and a specialized credential. This ensures graduates are ready for the changing demands of the business world.

Strong Industry Connections

Tippie's partnerships with over 1,300 companies provide students with valuable networking and hands-on learning opportunities. For example, the Inside Sales Lab gives students real sales experience and serves as a resource for partner businesses. These connections help students secure internships, projects, and job opportunities, linking academic learning with professional practice.

Global Learning Opportunities

The Iowa MBA offers optional week-long international trips, allowing students to earn course credit while experiencing global business firsthand. Trips to places like the United Arab Emirates, Italy, Hungary, and Argentina let students dive into different economic, political, and cultural environments, boosting their global business skills.

Cutting-Edge Research and Technology

Tippie's commitment to innovation is reflected in its research centers and tech resources. The Iowa Electronic Markets Institute, a pioneer in prediction market research, showcases the college's forward-thinking approach. Additionally, the use of advanced technology, such as the Talkdesk CX Cloud in the Inside Sales Lab, ensures students are familiar with industry-standard tools and practices.

#2 in Iowa

Iowa State University

College of Business

• 
  2167 Union Drive, Iowa City, IA - 50011
• Institution Control: Public
• Academic Year:
• Accreditation: AACSB

• Award Levels: Doctoral, E-MBA, Graduate Level Certificate, Masters in Business, Masters Specialist, Undergraduate
• Offered as: Campus, Distance Education, Evenings, Full-Time, Off Campus, Online, Part-Time, Partnership, Weekends

Business School Details

• Student / Faculty Ratio: 18:1
• Tuition and Fees: $29,966
• Total Enrollment: 4,682
• Concentrations: Accounting, Actuarial Science, Business Analytics, Data Analytics +11 more
• Ranking: US News and MBAGuide
• Average GMAT Score: 609
• Graduate Salary: $75,552
• AACSB Accredited: Business and Accounting
• Graduate ROI: 126%
• MBAGuide Rankings:
  • Most Affordable Online MBA in Iowa
  • Most Affordable Online MBA in Most Affordable Online MBA
  • Best MBA Program in Iowa
  • Best Online MBA in Iowa

Iowa State University's Ivy College of Business offers a variety of concentrations that align with major industries in the state. Moreover, it has strong ties with local and national companies, giving students valuable networking opportunities and industry insights. One of the college's notable features is the CyBIZ Lab, a student-led consulting firm. This firm connects businesses with student teams to solve real-world problems, allowing students to gain practical experience while they’re still in school.

The college’s emphasis on entrepreneurship is also evidence in its #4 rank in the Midwest for entrepreneurship programs according to the Princeton Review. Moreover, in terms of academic quality, the college made it in the ranking of the top 22 percent of undergraduate business programs nationally by U.S. News & World Report. This achievement highlights the college’s dedication to providing a top-notch business education that prepares students for a rapidly changing global marketplace.

Experiential Learning Opportunities

A key part of the Ivy College of Business experience is hands-on learning. The college offers many opportunities for students to apply classroom knowledge to real-world situations. Through internships, co-ops, and the innovative CyBIZ Lab, students gain practical experience that makes them stand out in the job market. The college’s strong connections with industry partners ensure that students have access to meaningful projects and potential job opportunities.

Global Perspective

The Ivy College of Business understands the importance of having a global mindset in today’s interconnected business world. The college offers various study abroad programs, international internships, and global business courses. These opportunities expose students to different cultures and business practices, preparing them to succeed in multinational companies and navigate the complexities of global markets.

Cutting-Edge Curriculum

The Ivy College of Business constantly updates its curriculum to include the latest trends and technologies in the business world. With programs in emerging fields like business analytics, entrepreneurship, and supply chain management, students get the skills and knowledge that today’s employers want. The college’s supply chain management program ranks #20 nationally according to U.S. News & World Report, showing its commitment to excellence in modern business disciplines.

Career Support and Success

The college’s Business Career Services office offers extensive support to students throughout their academic journey and beyond. From resume writing workshops to mock interviews and networking events, students get personalized guidance to successfully launch their careers. The high employment rates of Ivy graduates, with 98% finding jobs within three months of graduation, show the effectiveness of this career support system.

Inclusive and Supportive Environment

The Ivy College of Business is dedicated to creating a diverse and inclusive learning environment. Initiatives like the Bergstrom Achievement Scholarship Program show the college’s commitment to supporting students from various backgrounds, including first-generation students and U.S. military veterans. The college’s efforts to increase gender diversity in business are evident in its growing number of female faculty and the annual Ivy Women in Business Awards.

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