2025 Best MBA Programs in Engineering

MBA Programs in Engineering
Tuition, ROI, Graduate Salary, GMAT Requirements

10 Best Ranked | Interactive Table | Salaries | Tuition | ROI | GMAT | Alumni Networking | How We Rank

Executive Summary for MBA Programs in Engineering MBA Programs

The ranking team at MBAGuide.org, evaluated 4 Engineering MBA programs. Here is a summary of our comprehensive findings. Explore the details about the Engineering MBA, compare schools, find states and cities where the degree is offered.

1. Comprehensive comparisons, data and analysis – MBAGuide conducted an in-depth analysis of 4 AACSB-accredited campus MBA programs in Engineering to find the top programs in the country.
2. Ranking metrics you care about – such as average starting salaries, tuition fees, return on investment (ROI), GMAT scores, alumni networks, student-to-faculty ratios, and more with no paywall.
3. Detailed school profiles of Engineering MBA programs their strengths, faculty expertise, alumni networks to help align your program choice

Best 10 MBA Programs in Engineering

Case Western Reserve University

Weatherhead School of Management

Location:

• Cleveland

,

• OH

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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• Tuition: $92,040
• Graduate Salary: $95,875
• Graduate ROI: 4%
• GMAT Required: Yes
• Avg. GMAT: 674
• Student / Faculty Ratio: 9:1
• Enrollment: 1740

Degree Level(s):

• Doctoral
• ·
• E-MBA
• ·
• Master
• ·
• MBA
• ·
• Undergraduate

Offered As:

• Full-Time
• ·
• Off Campus
• ·
• Part-Time
• ·
• Partnership

• Concentrations: 8

• Accounting
• Data Analytics
• Engineering
• Finance
• Management
• Nonprofit
• Quantitative Methods
• Supply Chain

• Best in:

• Best MBA or Masters Program in Ohio
• Best DBA Program in Each State
• BBA All BBA Each State

• Rankings

• City Rank: 1
• State Rank: 2
• National Rank: 65
• Online Rank: Not Ranked

• Top 10% in State: ROI, Tuition
• Better than State Average: GMAT
• Better than National Average: Student / Faculty Ratio

University of Maine

Maine Business School and Graduate School of Business

Location:

• Orono

,

• ME

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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• Tuition: $19,500
• Graduate Salary: $87,535
• Graduate ROI: 349%
• GMAT Required: Yes
• Avg. GMAT: 600
• Student / Faculty Ratio: 23:1
• Enrollment: 1637

Degree Level(s):

• MBA
• ·
• Undergraduate

Offered As:

• Full-Time
• ·
• Off Campus
• ·
• Onlne
• ·
• Part-Time

• Concentrations: 8

• Accounting
• Data Analytics
• Engineering
• Finance
• General Business
• International Business
• Management
• Operations Management

• Best in:

• Best MBA Programs
• Best MBA or Masters Program in Maine
• BBA All BBA Each State

• Rankings

• City Rank: 1
• State Rank: 1
• National Rank: 210
• Online Rank: Not Ranked

• Top 10% in State: ROI, Tuition
• Better than State Average: GMAT
• Better than National Average: Student / Faculty Ratio

Valparaiso University

College of Business

Location:

• Valparaiso

,

• IN

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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• Tuition: $30,000
• Graduate Salary: $64,840
• Graduate ROI: 116%
• GMAT Required: Optional
• Avg. GMAT: 610
• Student / Faculty Ratio: 11:1
• Enrollment: 392

Degree Level(s):

• MBA
• ·
• Undergraduate

Offered As:

• 1-Year
• ·
• Campus
• ·
• Evenings
• ·
• Full-Time
• ·
• Online
• ·
• Part-Time
• ·
• Partnership
• ·
• Weekends

• Concentrations: 8

• Data Analytics
• Engineering
• Finance
• General Business
• Healthcare Administration
• Management
• Marketing
• Supply Chain

• Best in:

• Most Affordable Online MBA or Masters in Indiana
• Most Affordable Online MBA or Masters in Most Affordable Online MBA
• Best MBA or Masters Program in Indiana
• Best Online MBA or Masters in Indiana

• Rankings

• City Rank: 1
• State Rank: 10
• National Rank: 221
• Online Rank: 155

• Top 10% in State: ROI, Tuition
• Better than State Average: GMAT
• Better than National Average: Student / Faculty Ratio

Winona State University

College of Business

Location:

• Winona

,

• MN

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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• Tuition: $16,415
• Graduate Salary: $69,135
• Graduate ROI: 321%
• GMAT Required: No
• Avg. GMAT: 577
• Student / Faculty Ratio: 16:1
• Enrollment: 772

Degree Level(s):

• Master
• ·
• Undergraduate

Offered As:

• Campus
• ·
• Full-Time
• ·
• Online

• Concentrations: 4

• Accounting
• Engineering
• Management
• Science and Technology

• Best in:

• Most Affordable Online MBA or Masters in Minnesota
• Best MBA or Masters Program in Minnesota
• Best Online MBA or Masters in Minnesota

• Rankings

• City Rank: 1
• State Rank: 6
• National Rank: 328
• Online Rank: 237

• Top 10% in State: ROI, Tuition
• Better than State Average: GMAT
• Better than National Average: Student / Faculty Ratio

Western New England University

College of Business

Location:

• Springfield

,

• MA

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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• Tuition: $36,000
• Graduate Salary: $76,300
• Graduate ROI: 112%
• GMAT Required: No
• Avg. GMAT: 493
• Student / Faculty Ratio: 11:1
• Enrollment: 891

Degree Level(s):

• Master
• ·
• MBA
• ·
• Undergraduate

Offered As:

• 1-Year
• ·
• Campus
• ·
• Distance Education
• ·
• Evenings
• ·
• Full-Time
• ·
• Online
• ·
• Part-Time
• ·
• Weekends

• Concentrations: 5

• Accounting
• Engineering
• General Business
• Law
• Leadership

• Best in:

• Most Affordable Online MBA or Masters in Massachusetts
• Best Online MBA or Masters in Massachusetts

• Rankings

• City Rank: 3
• State Rank: 19
• National Rank: 448
• Online Rank: 334

• Top 10% in State: ROI, Tuition
• Better than State Average: GMAT
• Better than National Average: Student / Faculty Ratio

Interactive Table of the Best Ranked MBA Programs in Engineering

Easily sort the interactive table below to find the best Engineering MBA programs by Rank, School Name, ROI, Tuition, Average Starting Salary, and Campus or Online to find and to compare MBA programs in Engineering. Click on any school for a comprehensive school profile.

An MBA program in Engineering will cost you between $19,500.00 to $92,040.00.

• Number of Programs Offering Engineering MBAs: 4
• Average GMAT Score for Engineering MBA Programs: 594
• Average In-State Tuition for Engineering MBA Programs: $44,385.00
• Average Graduate Salary for Engineering MBA Programs: $81,138
• Average ROI for Engineering MBA Programs: 145%

Compare Engineering MBA Program Averages vs Campus

Read about our ranking methodology.

What is the Average MBA Salary for Engineering Graduates?

Though it’s not the only factor, compensation is an important consideration for individuals considering obtaining an MBA degree. Salaries for graduates with master’s degrees in Engineering can be significantly higher than those of graduates with only a bachelor’s degree. In addition, advance salary projections from the US Department of Labor show that average MBA salaries are expected to increase by 13.5% each year through the year 2028 with an annual need of 99,000 new managers needed each year.

MBA salaries differs wildly depending on the program you chose, the industry you enter and the experience you have. After earning an MBA from Valparaiso University, the average MBA graduate annual salary is $64,840 . A degree from Case Western Reserve University, will provide an annual salary of $95,875.

Average MBA starting salary for graduates from accredited programs is $81,138 with the lowest of starting of $64,840 and the highest reported starting salary of $95,875.

Average Graduate Salaries for In-Person Engineering MBA Programs

• Average Engineering: $81,138
• Lowest Engineering: $64,840
• Highest Engineering: $95,875

Average Salary for Graduate of MBA Programs in Engineering Programs – Interactive Table

Easily sort the interactive table below to find the best Engineering MBA programs by Starting Salary, and Campus or Online to find and to compare MBA programs in Engineering. Click on any school for a comprehensive school profile.

What is the Average In-Person MBA Tuition for Engineering Programs?

If you plan on attending an MBA program, it’s best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An MBA program can provide the flexibility of completing a program while being employed in your respective career.

The average in-state tuition for an MBA in Engineering is $44,385.00 compared to an average campus program Engineering is $44,385.00 .

The lowest AACSB tuition rate at $19,500.00 from University of Maine.

The highest AACSB tuition rate is $92,040.00 from Case Western Reserve University.

Average Tuition for In-Person MBA Programs in Engineering

• Average: $44,385.00
• Lowest: $19,500.00 from University of Maine
• Highest: $92,040.00 from Case Western Reserve University

Interactive Table – Tuition for MBA Programs in Engineering Programs

Easily sort the interactive table below to find the best Engineering MBA programs by Tuition to find and to compare MBA programs in Engineering. Click on any school for a comprehensive school profile.

What is the Average ROI for MBA Programs in Engineering?

Choosing an MBA program requires more than a glance at the school’s reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.

By scrutinizing the ROI, you’re not just making a decision—you’re making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.

For MBA programs in across the U.S., the ROI ranges from 4% to 349%.The lowest MBA ROI of 4% is from the program at Case Western Reserve University.The highest MBA ROI of 349% is offered by University of Maine.On average, MBA programs across the U.S. have an ROI of 186%.

Interactive Table – ROI for MBA Programs in Engineering Programs

Easily sort the interactive table below to find the best Engineering MBA programs by ROI to find and to compare MBA programs in Engineering. Click on any school for a comprehensive school profile.

ROI for MBA Programs

• Average: 186%
• Lowest: 4%
• Highest: 349%

What is the Average GMAT Score Needed for an MBA Program in Engineering?

The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.

Even though some B-Schools may not require a GMAT Scores, there’s a good chance that a highly-competitive MBA program does require the GMAT. With that being said, average GMAT Scores for in-person MBA programs in Engineering is 594 with a highest of 674 and the lowest of 493

The average GMAT score needed for a Engineering MBA program from an institution is between 493 from Western New England University to 674 from Case Western Reserve University. The average GMAT scores for Engineering MBA programs is 594.

It’s important to note that not all MBA programs require a GMAT Score for admissions, but most reputable programs do. With that being said, if you have your eye on a list of competitive programs, it’s best to boost your GMAT Score accordingly. Outside of a solid GMAT Score, B-School admissions departments look at a candidate’s undergraduate GPA, professional experience, letters of recommendation, CV, and personal statement. A strong undergraduate performance may offset a sub-part GMAT Score. The average GMAT Score for on-campus MBA programs in Engineering is a 594.25 compared to an average MBA program score of 594.25. It is recommended that each B-School applicant take a GMAT diagnostic test in order to determine whether or not further study and/or a prep course is needed to boost your score.

Average GMAT Score for MBA Programs in Engineering

• Average: 594
• Lowest: 493
• Highest: 674

No GMAT or GRE: Best MBA Programs in Engineering

More than 233 AACSB accredited MBA programs do not require their applicants to take GMAT exam. Many well-known programs such as the University of Michigan and the University of California, Los Angeles no longer require the exam. If you are unsure where you would like to take your program, then you should take the GMAT sooner rather than later so you don’t lose time meeting the score requirement of a program.

Alumni from Schools Offering an MBA in Engineering

There are pros and cons when considering the size of your MBA in Accounting program. Larger, more diverse student populations, may lend itself to greater networking and job placement opportunities; whereas smaller programs may provide for more meaningful interactions with fellow classmates.

The importance of networking, whether it’s by way of campus job fairs, student organization members, or faculty mentorship, should not be understated when considering an MBA program. The average MBA enrollment size has a direct impact on your studies, your job prospects, your ability to define your career goals and after graduation connections.

Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.

For Engineering MBA programs, the range for full-time enrollment is between 0 and 0. For part-time enrollment, the range is between : 0.00 and : 0.00.

Average Enrollment for MBA Programs Offering an MBA in Engineering

• Lowest: 0 from 2025 Best MBA Programs in Engineering
• Highest: 0 from 2025 Best MBA Programs in Engineering
• Average: 0 from 4 MBA Programs.

Student / Faculty Ratio for MBA Programs in Engineering

For most students, their professors are the first exposure to the business world. They are normally practitioners in the field and have successful risen to the top of their respective careers. B-School Engineering Professors can guide you toward a specific concentration, provide the latest industry trends, and put you on the right track, career-wise. The Student/Faculty ratio is important to those interested in building a lasting relationship with their professor. To use them as a networking opportunity and an advisor.

Top 10 Concentrations Available from Schools Also Offering an Degree in Engineering?

Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Engineering businesses, MBA programs here have risen to the challenge by offering you an array of more than 47 MBA concentrations including:

• Engineering: 4
• Accounting: 3
• Data Analytics: 3
• Finance: 3
• General Business: 3
• Management: 3
• Supply Chain: 2
• Healthcare Administration: 1
• International Business: 1
• Law: 1

Here are the top schools offering the widest variety of concentrations to choose from:

• David B. O’Maley College of Business: 30
• Nova Southeastern University: 25
• University of Cincinnati: 24
• Suffolk University: 23
• Drexel University: 23
• Temple University: 23
• Harvard University: 23
• University of Baltimore: 22
• The Ohio State University: 22
• Georgia State University: 22

The Importance of MBA Accreditation for MBA Programs

The importance of accreditation can’t be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.

AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.

MBA Program Options Available for Engineering MBA Programs

Options for earning your Engineering MBA have never been more flexible. Engineering MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.

There are 4 Engineering accredited MBA programs. 0 private and 1 public schools offering Engineering MBA programs.

Number of Award Earned for MBA Programs Offering an Engineering Degree

The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.

Of the 4 accredited MBA programs offered in Engineering, 4 of them have been recognized by at least one distinguished publication MBAGuide, PQ, US News, Forbes, BW and Economist garnering an award as one of the best MBA programs in the country.

• Case Western Reserve University: 6
• Western New England University: 1
• University of Maine: 1
• Valparaiso University: 1

Publications and the number of awards granted for an MBA degree in Engineering :

• MBAGuide: 4
• US News: 1
• Forbes: 1
• BW: 1
• Economist: 1

How We Rank the Best MBA Programs in Engineering

MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.

What is the Career Outlook for Engineering MBAs?

Why choose an MBA with a concentration in Engineering? Predictions from the U.S. Bureau of Labor Statistics (BLS) indicate strong growth in management positions overall, with an 2.8 percent average increase in management-level employment expected across all professions from 2018 to 2028, creating 14,600 new jobs annually. Additionally, the BLS pegged the median salary for managers at $158,100, an important consideration for students considering a major investment in their education.

What Can I Do With an MBA in Engineering?

With an MBA in the highly sought after Engineering sector, your career has few limits. You use the degree as a stepping stone to a variety of high-level roles in business or government and it opens up new career possibilities or advancement within your current role.

As business and industry demands change within the Engineering sector, a graduate-level degree prepares you for taking on new challenges by preparing you with thinking and adaptation skills required in the every changing world of Engineering.

An MBA in Engineering prepares you for advanced career tracks within the sector including technical and business consulting, accounting, finance, human resources, marketing, and organizational leadership. The MBA is the degree of choice for world-class executives who have the knowledge and real-world experience to add value to their organizations and apply practical business solutions.

What Are Benefits of Earning an MBA?

• Increased Job Opportunities: What exactly will an MBA do for you? Mid- to upper-level management positions are available to you. Jobs that see fewer applicants, such as chief executive officer, are also open to you. Earning your MBA qualifies you for positions that range from department director to enterprise director and chief operating officer. Employment for MBA candidates is projected to increase by six percent per year over the next seven years. Three-quarters of employers say that they plan to hire MBA graduates in 2016, while ninety-two percent are increasing the number of MBA internships that they offer.
• Increased Earnings: A recent study showed that the average MBA graduate’s pay was 50% higher than their position before earning their degree. Even more impressive, in the five years after earning their MBA, the average pay increased by 80%. These figures clearly show the financial benefits of an MBA but they don’t address the personal satisfaction that comes with greater responsibility.
• Sharpen Your Professional Skills: As a graduate of an MBA program, you’ll develop the skills necessary to succeed in a competitive business environment. You’ll learn to think critically about problems, communicate effectively, work on a team and analyze complex financial data. You’ll also have access to some of the brightest minds and the latest resources in today’s business world.
• Greater Job Security: Today’s job market is more turbulent than ever before, filling many with uncertainty and fears of being left out. Earning an MBA not only increases your earning potential but also offers a foundation for greater career stability and security. With the marketable skills to lead teams, take initiative and make positive changes in companies, you can quickly establish a secure foothold in an otherwise shaky job market.
• Become a Respected Member of Your Business Community: Choosing to earn an MBA enables you to position yourself as a respected member of your business community. An MBA increases your professional vocabulary, enhances your strategic thinking and analytical skills, and gives you a broadened level of cultural knowledge. Whether you pursue a program that offers concentrations or one focused on leadership and global management, an MBA will give you the tools and resources you need to succeed.

What Skills Do I Need to be Successful In Engineering?

According to a recent survey by the Financial Times, these are the top-five most important skills employers look for in MBA graduates:

• The Ability to Work with a Wide Variety of People: This attribute is important because not all of the people you are communicating with will have the same educational background, interests, or objectives. Your ability to work with a wide variety of people is what enables you to be a successful manager.
• Time Management and Ability to Prioritize: The ability to prioritize and manage time is one of the most important skills that any professional must master. As your career progresses, your work time will increase, but if you can’t manage your time well you’ll always be at risk of not meeting deadlines and expectation
• Understanding and Mastering the Digital Impact on Businesses: Due to this disruption in business models and processes, many companies have transitioned from analog organizations to digital organizations and individuals competencies in information technology are needed.
• Ability to Build, Sustain and Expand a Network of People: The ability to build, sustain and expand a network of people is one of the most valuable skills that a business manager can have. It’s not enough to know the technical aspects of your job. And it’s not enough to be passionate about your work. To succeed in this position as a business manager, you must also be able to build and sustain an effective network of contacts.
• Ability to Solve Complex Problems: Business management is often about conceiving a strategy that employs the best, most effective solutions to get a job done. The thought process behind solving a complex problem is much more complicated than solving a simple one–making it one of the top skills of modern business managers. Complex problems require the manager to think on their feet, and ask questions throughout the entire process.

What Typical Classes Will I Take in My Engineering MBA Program?

Business schools typically offer programs that provide a comprehensive, rigorous training in business fundamentals and leadership. Full-time and part-time curricula exist, with part-time programs requiring students to balance school with full-time employment. As a student, you have the option of emphasizing an area of expertise by choosing a major or completing an integrated program. MBAs have flexibility in course selection due to the curriculum’s interdisciplinary nature; however, a typical curriculum has core courses, as well as required and elective courses in various disciplines.

Core Curriculum for MBA Programs

Typical core MBA classes will differ from program to program, however the following list gives you an idea of the kinds of classes you can expect as outlined in curriculum at Wharton MBA and Florida Atlantic University:

• Foundations of Teamwork and Leadership: Develop a leadership style that fits your situation. Learn the many aspects of teamwork and explore the key components of successful leaders.
• Marketing Management: The MBA program in Marketing Management trains students to apply analytical concepts and marketing tools to decisions like segmentation and targeting, branding, pricing, distribution, and promotion.
• Microeconomics for Managers: This course provides an introduction to microeconomics, which is the study of how the markets for goods and services operate. Topics covered include supply, demand, consumer behavior, market price and output, production, cost, simple competitive market equilibrium, simple monopoly pricing and output determination, price discrimination, and bundling.
• Advanced Microeconomics for Managers: Teaches microeconomic theory in a business setting. It helps readers learn how to use microeconomics to enhance decision making and to make more profitable business decisions. The book includes topics such as sophisticated pricing policies, transfer pricing, strategies for dealing with competitor firms, cooperation strategies, managing under uncertainty and more.
• Statistics and Regression Analysis for Managers: Work with two key statistical data methodologies including regression analysis and experimentation. Learn to apply these techniques to real-world situations.
• Management Communication for Speaking and Writing: Management Communication for Speaking and Writing (MBA) will help you strengthen your skills in persuasion, presenting confidently, and answering questions.
• Business Law and Applied Ethics: Businesses, non-profit corporations and governmental entities all engage in activities that can lead to legal disputes. Business Law and Applied Ethics provides an understanding of the principles that govern these disputes and how they apply to businesses. In addition, students will develop skills and tools to lead or manage a business while creating and maintaining an ethical environment.
• Financial Accounting: Financial Accounting provides a thorough overview of the theory, concepts, techniques, and applications that are necessary for understanding the accounting cycle, asset valuation, income determination, financial reporting, basic business taxes, and owner’s equity. This text is an ideal medium for lecturers to use for courses designed for graduate students lacking any previous course in accounting.
• Corporate Finance: Financial decisions are among the most important a corporation’s managers must make. Investment policy, financing policy and working capital policy all depend on a firm’s unique financial requirements and opportunities. Corporate Finance provides tools and applications of corporate financial analysis and forecasting, as well as discussion of the implementation of these policies in current business situations.

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MBAGuide.org Staff

At MBAGuide you are teaming up with MBA graduates, managers, professors, MBA students, data modelers, designers and other professionals to learn from experts about business careers, degree programs and salaries. Our staff of MBA professionals has written this article and it has been reviewed by an MBA graduate and editor on our staff.

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