Compare Minnesota Online MBA Program Averages to Online and National Averages
$44,597
Average Tuition and Fees
$86,736
Average Starting Salary
577
Average GMAT Scores
109
Average Student Enrollment
| Averages | Minnesota | Online | US |
|---|---|---|---|
| Average MBA Tuition | $44,597 | $38,875 | $43,476 |
| Average Graduate Salary | $86,736 | $89,681 | $81,243 |
| Average Graduate ROI | 140% | 157% | 146% |
| Average GMAT Scores | 577 | 557 | 561 |
| Average Student Faculty Ratio | 18:1 | 17:1 | 16:1 |
| Average Full-Time MBA Enrollment | 109 | 279 | 288 |
10 Ways Exceptional Value Meets Online MBA Affordability in Minnesota
Minnesota’s business schools offer a compelling blend of affordability and quality education, making them an attractive option for aspiring business leaders. With in-state tuition ranging from $7,854 to $30,438 per year, these programs present a more budget-friendly alternative to the national average of $60,000 for MBA programs. This cost-effectiveness doesn’t come at the expense of educational value, as Minnesota’s business schools provide a diverse array of concentrations that align seamlessly with the state’s thriving industries.
From healthcare management programs that cater to Minnesota’s robust medical sector to supply chain management courses that support the state’s manufacturing base, these schools offer specialized tracks that prepare students for success in local and global markets. Additionally, concentrations in agribusiness and food industry management reflect Minnesota’s strong agricultural heritage. By combining affordability with industry-relevant education, Minnesota’s business schools are uniquely positioned to offer a high return on investment for students seeking to advance their careers without breaking the bank.
#1: Exceptional Value for Money
Minnesota’s affordable business programs offer an unbeatable combination of quality education and cost-effectiveness. Schools like Metropolitan State University and Bemidji State University provide AACSB-accredited programs at a fraction of the cost of many out-of-state alternatives. With tuition rates as low as $7,854 per year at Metropolitan State, students can access top-tier business education without accumulating overwhelming debt. This affordability extends to online programs as well, with Bemidji State offering a fully online MBA program at just $17,000, making it accessible to working professionals seeking to advance their careers without sacrificing their current positions.
#2: Industry-Aligned Specializations
Minnesota’s business schools excel in offering specializations that directly align with the state’s key industries. The University of Minnesota’s Carlson School of Management, for instance, provides a Healthcare MBA that caters to the state’s thriving medical sector, home to giants like Mayo Clinic and UnitedHealth Group. Similarly, St. Cloud State University offers a concentration in Supply Chain Management, reflecting Minnesota’s strong manufacturing and distribution industries. These tailored programs ensure that graduates are well-prepared to step into leadership roles in the state’s most prominent sectors, enhancing their employability and career prospects.
#3: Flexible Learning Options
Recognizing the diverse needs of modern students, many of Minnesota’s affordable business schools offer flexible learning options. Winona State University’s MBA program, for example, can be completed entirely online, allowing students to balance their education with work and personal commitments. Saint Mary’s University of Minnesota takes flexibility a step further by offering a unique blended format, combining online learning with periodic on-campus sessions. This approach provides the best of both worlds: the convenience of distance learning and the networking opportunities of face-to-face interactions.
#4: Strong Alumni Networks
Despite their affordability, Minnesota’s business schools boast impressive alumni networks that rival those of more expensive institutions. The University of St. Thomas, for instance, has a vast network of over 110,000 alumni spread across 50 states and 70 countries. This extensive network provides invaluable opportunities for mentorship, career advancement, and business partnerships. Similarly, Minnesota State University, Mankato’s alumni association offers lifelong career services and networking events, ensuring that the value of the degree extends well beyond graduation.
#5: Innovative Curriculum Design
Minnesota’s affordable business schools are at the forefront of curriculum innovation. Augsburg University’s MBA program, for example, incorporates a unique focus on social entrepreneurship and sustainable business practices, preparing students to lead in an increasingly socially conscious business environment. The College of St. Scholastica offers a distinctive concentration in Rural Healthcare, addressing the specific challenges and opportunities in non-urban healthcare settings. These forward-thinking programs ensure that graduates are equipped with cutting-edge skills and knowledge relevant to today’s dynamic business landscape.
#6: Robust Career Services
Many of Minnesota’s affordable business schools offer comprehensive career services that rival those of more expensive programs. The University of Minnesota Duluth’s Labovitz School of Business and Economics, for instance, provides personalized career coaching, resume workshops, and networking events with local businesses. Bethel University goes a step further by offering a unique “Executive Mentor Program,” pairing students with experienced business leaders for one-on-one guidance. These services significantly enhance students’ career prospects, often leading to impressive job placement rates and starting salaries.
#7: Emphasis on Experiential Learning
Affordable doesn’t mean compromising on hands-on experience. Many of Minnesota’s business schools prioritize experiential learning to ensure students can apply theoretical knowledge to real-world scenarios. St. Cloud State University’s Herberger Business School, for example, offers a “Live Case” program where students work on actual business problems for local companies. Similarly, Concordia University, St. Paul incorporates a capstone project into its MBA program, allowing students to tackle a significant business challenge for a real organization. These experiences provide invaluable practical skills and often lead to job offers upon graduation.
#8: Global Business Perspective
Despite their affordability, many of Minnesota’s business schools offer a global perspective that prepares students for the international business landscape. The University of St. Thomas’s Opus College of Business, for instance, offers study abroad programs and international internships as part of its MBA curriculum. Minnesota State University, Mankato’s College of Business has partnerships with universities in over 20 countries, providing opportunities for student exchanges and collaborative projects. This global focus ensures that graduates are prepared to navigate the complexities of international business, a crucial skill in today’s interconnected economy.
#9: Cutting-Edge Research Opportunities
Affordable business schools in Minnesota don’t skimp on research opportunities. The University of Minnesota’s Carlson School of Management, while on the higher end of the affordability spectrum, houses several research centers focused on areas like supply chain management and entrepreneurship. Even more affordable options like Metropolitan State University encourage student involvement in faculty research projects, providing hands-on experience with data analysis and business research methodologies. These research opportunities not only enhance the learning experience but also make graduates more attractive to employers seeking candidates with analytical and problem-solving skills.
#10: Strong Industry Partnerships
Minnesota’s affordable business schools leverage their strong ties with local and national businesses to enhance the student experience. Bemidji State University, for example, has partnerships with numerous Native American tribes, offering unique insights into tribal economic development. The College of St. Scholastica collaborates with healthcare providers across the state, providing students in its healthcare management program with invaluable industry connections. These partnerships often translate into internship opportunities, guest lectures from industry leaders, and even job placements, ensuring that students receive a education that’s closely aligned with industry needs and trends.
Our Top 6 Picks for Affordable Online MBA Programs in Minnesota
#1 in Minnesota
Minnesota State University Moorhead
College of Business and Innovation
Center for Business 100, Moorhead, MN - 56563- Institution Control: Public
- Academic Year:
- Accreditation: AACSB
- Award Levels: Masters in Business, Masters Specialist, Undergraduate
- Offered as: Campus, Full-Time, Online
Business School Details
Student / Faculty Ratio: 25:1
Tuition and Fees: $26,220
Total Enrollment: 595
Concentrations: Accounting, Entrepreneurship, Finance, General Business +16 more- Ranking: MBAGuide
Average GMAT Score: 614
Graduate Salary: $85,000- AACSB Accredited: Business
- Graduate ROI: 162%
- MBAGuide Rankings:
Student / Faculty Ratio: 25:1
Tuition and Fees: $26,220
Total Enrollment: 595
Concentrations: Accounting, Entrepreneurship, Finance, General Business 
Ranking: MBAGuide
Average GMAT Score: 614
Graduate Salary: $85,000Minnesota State University Moorhead's MBA program is a top pick for future business leaders in Minnesota. This program is both affordable and flexible, blending theory and practical skills to prepare students for the modern business world. With AACSB accreditation, it ensures high-quality education that meets high-quality international standards. Whether you’re a working professional aiming to boost your career or a recent graduate looking to get ahead, MSUM’s MBA program provides the tools and knowledge you need to succeed.
Customizable Curriculum
MSUM's MBA program offers four focus areas, including healthcare and accounting and finance. This flexibility lets you customize your degree to match your career goals and interests. You’ll gain specialized knowledge in your chosen field while building a solid foundation in core business principles.
Affordable Excellence
MSUM’s MBA program offers great value for your investment. Recognized in Top Management Degree's Top 50 Most Affordable Online MBA Programs, it offers a high-quality education at a fraction of the cost of other schools. It’s much more affordable than many private colleges and universities in Minnesota, making it a smart choice for students who need to watch their budget.
Flexible Learning Options
Balancing work, life, and school can be tough, but MSUM’s MBA program makes it easier. With both online and on-campus classes, you can choose the learning format that fits your schedule. This flexibility allows you to earn your MBA without putting your career on hold, which is why it is perfect for working professionals.
Real-World Experience
MSUM’s MBA program goes beyond textbook learning. You’ll get to work on real-world projects, like creating marketing plans and using strategic management principles for local startups. This hands-on experience gives you practical skills that employers love, helping you stand out in the job market.
Strong Alumni Network
Joining MSUM’s MBA program means becoming part of a powerful network of successful graduates. The Paseka School of Business has a 65-year history of producing top business leaders who make big impacts in various industries. This network can provide valuable connections, mentorship opportunities, and potential career paths as you advance in your career.
International Perspective
In today’s global business world, international experience is crucial. MSUM offers exciting exchange opportunities with schools like Chongqing Technology and Business University in China and the University of Portsmouth in England. These experiences broaden your perspective and prepare you for success in the global marketplace.
#2 in Minnesota
St. Cloud State University
- Centennial Hall, Saint Cloud, MN - 56301-4498
- Institution Control: Public
- Academic Year:
- Accreditation: AACSB
- Award Levels: Masters in Business, Masters Specialist, Undergraduate
- Offered as: Campus, Evenings, Full-Time, Off Campus, Online, Part-Time, Weekends
Business School Details
- Student / Faculty Ratio: 12:1
- Tuition and Fees: $28,969
- Total Enrollment: 1,241
- Concentrations: Accounting, Data Analytics, Economics, Entrepreneurship +9 more
- Ranking: MBAGuide
- Average GMAT Score: 519
- Graduate Salary: $81,800
- AACSB Accredited: Business
- Graduate ROI: 141%
- MBAGuide Rankings:
St. Cloud State University's Herberger Business School offers an MBA program that's a smart choice for professionals who would want to elevate their careers. This AACSB-accredited program delivers high-quality education at a lower cost compared to many other schools. With focuses like Information Systems and Supply Chain Management, the curriculum aligns well with Minnesota's booming tech and manufacturing industries. The school's strong connections with local industry leaders provide students with real-world insights and valuable networking opportunities. Here are some reasons why the university's program stand out.
Unbeatable Value
St. Cloud State's MBA program costs just $9,846 per year with scholarships, offering a great return on investment. This affordability doesn't mean you miss out on quality – you get a rigorous, industry-relevant education that rivals more expensive programs. How often do you find a program that offers such value without sacrificing excellence?
Flexible Learning Pathways
Isn't it great when your education fits around your life, not the other way around? That's why St. Cloud State offers various program formats to suit your lifestyle. Choose from on-campus, online, or hybrid options, with both full-time and part-time tracks available. This flexibility lets you tailor your MBA journey to fit your unique situation.
Experiential Learning Opportunities
Theory is important, but hands-on experience is invaluable. St. Cloud State's MBA program includes real-world projects and internships in the curriculum. You'll work on real business challenges, applying what you learn in class to solve problems for local companies. This practical approach not only enhances your learning but also builds an impressive portfolio to show future employers.
Robust Alumni Network
Joining St. Cloud State's MBA program means becoming part of a powerful network. The school has a large alumni community across Minnesota's top industries. These connections can provide mentorship opportunities, job leads, and valuable insights into your field. In today's competitive job market, who you know can be just as important as what you know.
Personalized Career Support
Your success doesn't stop at graduation. St. Cloud State's dedicated career services team offers personalized guidance throughout your MBA journey and beyond. From resume workshops to mock interviews and networking events, you'll have access to resources that prepare you for your next career step. With this level of support, how can you not feel confident about your professional future?
#3 in Minnesota
University of Minnesota
- 321 19th Avenue South, Suite 4-300, Minneapolis, MN - 55455-0430
- Institution Control: Public
- Academic Year:
- Accreditation: AACSB
- Award Levels: Doctoral, E-MBA, Graduate Level Certificate, Masters in Business, Masters Specialist, Undergraduate
- Offered as: Campus, Evenings, Full-Time, Off Campus, Online, Part-Time, Partnership, Weekends
Business School Details
- Student / Faculty Ratio: 15:1
- Tuition and Fees: $89,402
- Total Enrollment: 4,448
- Concentrations: Accounting, Data Analytics, Economics, Entrepreneurship +9 more
- Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
- Average GMAT Score: 682
- Graduate Salary: $121,882
- AACSB Accredited: Business
- Graduate ROI: 68%
- MBAGuide Rankings:
The University of Minnesota's Carlson School of Management is a place where future business leaders are made. Located in the lively Twin Cities, this AACSB-accredited program offers a mix of tough academics and real-world experience that's hard to beat. With specializations like entrepreneurship and supply chain management, Carlson's MBA program fits perfectly with Minnesota's varied economy. What really sets Carlson apart is its strong connections to the local business community. Imagine meeting executives from 18 Fortune 500 companies right in your area. That's more than networking—it's a huge boost for your career.
Experiential Learning on Steroids
Carlson's Enterprise Programs are where theory meets practice—and then some. From creating marketing strategies for global brands to managing multi-million dollar investment portfolios, these hands-on experiences are career game-changers. It's like having a high-stakes internship built right into your classes.
Global Perspective, Local Impact
Think global, act local? At Carlson, you'll do both. With partnerships from Finland to Japan, your MBA journey could take you all over the world. But here's the twist: you'll bring those international insights back to Minnesota's booming business scene. It's a special chance to become a global citizen while making an impact at home.
Customization is King
One size fits all? Not at Carlson. With eight specializations and over 70 elective courses, you design your own MBA experience. Whether you want to switch careers or climb the corporate ladder, Carlson's flexible curriculum adapts to your goals. And for those into data, the STEM-designated Management Science MBA opens doors to top roles in data-driven decision-making.
Career Catapult
Numbers don't lie, and Carlson's job stats are impressive. With 89% of graduates getting job offers within 90 days and an average starting salary of $141,471, your return on investment is almost certain. But it's not just about the money—Carlson's career services team works hard to connect you with opportunities that match your passions and skills. In a tough job market, wouldn't you want this kind of career boost?
Twin Cities: Your Extended Campus
Minneapolis-St. Paul isn't just where you'll study—it’s a big part of your MBA experience. Home to big companies and a vibrant startup scene, the Twin Cities are a living lab for business innovation. From guest talks by industry leaders to networking events that could lead to your dream job, the city is an extension of your classroom.
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Keri Baker is a Pittsburgh, Pennsylvania-based freelance copywriter and MBA-graduate who loves writing about productivity. When she’s not listening to productivity podcasts or researching Apple products, you can find her chasing her pups around or volunteering at the local homeless mission. Feel free to find Keri on Twitter or Instagram @techgirlpgh.
