2025 Best MBA Programs in Innovation Management

MBA Programs in Innovation Management
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 Innovation Management MBA Programs

The ranking team at MBAGuide.org, evaluated 2 Innovation Management MBA programs. Here is a summary of our comprehensive findings. Explore the details about the Innovation Management 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 2 AACSB-accredited campus MBA programs in Innovation Management 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 Innovation Management MBA programs their strengths, faculty expertise, alumni networks to help align your program choice

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Best 10 MBA Programs in Innovation Management

Interactive Table of the Best Ranked MBA Programs in Innovation Management

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

Rank	University	ROI	In State Tuition	Avg. Starting Salary	State	Online
1	Lipscomb University	66.00%	$50,565	$84,000	TN	No

An MBA program in Innovation Management will cost you between $50,565.00 to $50,565.00.

• Number of Programs Offering Innovation Management MBAs: 2
• Average GMAT Score for Innovation Management MBA Programs: 570
• Average In-State Tuition for Innovation Management MBA Programs: $50,565.00
• Average Graduate Salary for Innovation Management MBA Programs: $96,000
• Average ROI for Innovation Management MBA Programs: 66%

Compare Innovation Management MBA Program Averages vs Campus

Averages	MBA Programs	Online MBA Programs
Number of Programs	2	1
Average Starting Salary	$96,000	$108,000
Average MBA Tuition	$50,565	N/A
Average ROI	66%	0%
Average GMAT Scores	570	610
Average Full-Time MBA Faculty	26	27
Average MBA Student Faculty Ratio	NAN:0	NAN:0
Faculty with Doctorate	84%	84%
Average Full-Time MBA Enrollment	85	110
Average Part-Time MBA Enrollment	322	349
Average % of MBA Students from U.S.	84%	84%

Read about our ranking methodology.

What is the Average MBA Salary for Innovation Management 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 Innovation Management 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 Lipscomb University, the average MBA graduate annual salary is $84,000 . A degree from David B. O’Maley College of Business, will provide an annual salary of $108,000.

Average MBA starting salary for graduates from accredited programs is $96,000 with the lowest of starting of $84,000 and the highest reported starting salary of $108,000.

Average Graduate Salaries for In-Person Innovation Management MBA Programs

• Average Innovation Management: $96,000
• Lowest Innovation Management: $84,000
• Highest Innovation Management: $108,000

Average Salary for Graduate of MBA Programs in Innovation Management Programs – Interactive Table

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

Rank	University	Avg. Starting Salary	In State Tuition	ROI	State	Online
1	Lipscomb University	$84,000	$50,565	66.00%	TN	No

What is the Average In-Person MBA Tuition for Innovation Management 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 Innovation Management is $50,565.00 compared to an average campus program Innovation Management is $50,565.00 .

The lowest AACSB tuition rate at $50,565.00 from Lipscomb University.

The highest AACSB tuition rate is $50,565.00 from Lipscomb University.

Average Tuition for In-Person MBA Programs in Innovation Management

• Average: $50,565.00
• Lowest: $50,565.00 from Lipscomb University
• Highest: $50,565.00 from Lipscomb University

Interactive Table – Tuition for MBA Programs in Innovation Management Programs

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

Rank	University	In State Tuition	Avg. Starting Salary	ROI	State	Online
1	Lipscomb University	$50,565	$84,000	66.00%	TN	No

What is the Average ROI for MBA Programs in Innovation Management?

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 66% to 66%.The lowest MBA ROI of 66% is from the program at Lipscomb University.The highest MBA ROI of 66% is offered by Lipscomb University.On average, MBA programs across the U.S. have an ROI of 186%.

Interactive Table – ROI for MBA Programs in Innovation Management Programs

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

Rank	University	ROI	In State Tuition	Avg. Starting Salary	State	Online
1	Lipscomb University	66.00%	$50,565	$84,000	TN	No

ROI for MBA Programs

• Average: 186%
• Lowest: 66%
• Highest: 66%

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

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 Innovation Management is 570 with a highest of 610 and the lowest of 530

The average GMAT score needed for a Innovation Management MBA program from an institution is between 530 from Lipscomb University to 610 from David B. O’Maley College of Business. The average GMAT scores for Innovation Management MBA programs is 570.

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 Innovation Management is a 570.00 compared to an average MBA program score of 570.00. 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 Innovation Management

• Average: 570
• Lowest: 530
• Highest: 610

No GMAT or GRE: Best MBA Programs in Innovation Management

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 Innovation Management

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 Innovation Management MBA programs, the range for full-time enrollment is between 60 and 110. For part-time enrollment, the range is between : 11.00 and : 49.00.

Average Enrollment for MBA Programs Offering an MBA in Innovation Management

• Lowest: 60 from Lipscomb University
• Highest: 110 from David B. O’Maley College of Business
• Average: 85 from 2 MBA Programs.

Student / Faculty Ratio for MBA Programs in Innovation Management

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 Innovation Management 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 Innovation Management?

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 Innovation Management businesses, MBA programs here have risen to the challenge by offering you an array of more than 47 MBA concentrations including:

• Accounting: 2
• Management: 2
• Operations Management: 2
• Innovation Management: 2
• Healthcare Administration: 2
• General Business: 2
• Finance: 2
• Entrepreneurship: 2
• Corporate Finance: 2
• Marketing: 2

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
• Harvard University: 24
• Suffolk University: 23
• Temple University: 23
• Drexel University: 23
• The Ohio State University: 22
• University of Baltimore: 22
• University of California, Berkeley: 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 Innovation Management MBA Programs

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

There are 2 Innovation Management accredited MBA programs. 0 private and 0 public schools offering Innovation Management MBA programs.

Number of Award Earned for MBA Programs Offering an Innovation Management 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 2 accredited MBA programs offered in Innovation Management, 0 of them have been recognized by at least one distinguished publication garnering an award as one of the best MBA programs in the country.

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

How We Rank the Best MBA Programs in Innovation Management

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.

Managing Projects for Competitive Advantage

Managing projects for competitive advantage is an essential skill for innovation success. With the right combination of research, planning, and execution, businesses can develop and implement projects that create unique value and differentiate them from their competitors.

The first step in managing projects for competitive advantage is to identify the opportunities and challenges of the project. This includes conducting research to determine customer needs, identifying potential solutions, and assessing the resources available to implement the project. Once these elements have been identified, a project plan should be developed that outlines the objectives, timeline, and budget.

The next step is to develop a strategy for achieving the objectives of the project. This includes considering all possible solutions and selecting those that will give the greatest competitive advantage and maximize resources. It is also important to consider how technology can be used to enhance efficiency or effectiveness.

Once a strategy has been developed, it is essential to create an effective team. The team should include individuals who have expertise in areas related to the project goals as well as individuals who can bring different perspectives to problem-solving. Team members must also understand their roles and responsibilities in order to work effectively together in achieving success.

It is also important to ensure that all stakeholders are engaged throughout the process. This includes gathering input from customers, partners, suppliers, and other stakeholders in order to ensure that everyone’s interests are being addressed in the project plan. This input should be used to refine and adjust the project plan as needed.

Finally, it is essential to track progress throughout the project in order to ensure that goals are met on time and within budget. Regular meetings should be held with team members in order to review progress and make adjustments as needed. Regular communication with stakeholders should also be maintained so they are aware of any changes or delays that may occur during the course of the project.

By following these steps, businesses can effectively manage projects for competitive advantage and create unique value for their customers while differentiating themselves from

Transforming Technology to Create Value

Transforming Technology to Create Value is an important aspect of the MBA in Innovation program. To truly understand the implications of digital transformation on the value chain and to create new economic models, MBA students must be able to make use of the latest technology and its associated trends. Students should be familiar with digital platforms, automation technologies, and AI-driven solutions.

When looking at how to transform technology to create value, MBA students should consider the following:

• Identify Opportunities for Digital Transformation: Take a hard look at your current processes and operations. Find areas that are ripe for digital transformation and identify technologies that can help streamline processes or improve customer experience.

• Analyze Your Business Model: Understand how your business model works and how it can benefit from digital transformation. Consider how new technologies could help you accomplish more with fewer resources and bring in additional revenue streams.

• Evaluate New Technologies: Research different types of technologies to determine which ones are best suited for your business needs. Consider how the technology will integrate into existing systems, as well as its scalability and cost.

• Develop a Digital Transformation Strategy: Once you have identified opportunities for digital transformation, it’s time to develop a comprehensive strategy that outlines objectives, milestones, resources, and key performance indicators (KPIs).

• Implement Your Digital Transformation Plan: Put your plan into action by creating a timeline for implementation and setting up project teams to oversee different aspects of the process. Monitor progress regularly to ensure that objectives are met on time and within budget.

By following these steps, MBA students will gain an understanding of how to use technology to create value in their organizations and stay ahead of the competition in today’s rapidly changing business environment.

The Interdisciplinary Approach to Innovation

As the world around us changes and evolves, the need for more innovative thinking increases. The interdisciplinary approach to innovation can help organizations and individuals stay ahead of the curve and create products and services that are in demand. This approach is based on a combination of different disciplines in order to address complex problems and develop breakthrough solutions.

When it comes to managing projects for competitive advantage, it is essential to understand the importance of an interdisciplinary approach. By taking a holistic view of the project, you can identify areas where different disciplines may be needed in order to make the project successful. For example, if you are developing a new product, you may need input from engineering, marketing, operations and finance in order to ensure all components are working together effectively. This can help you stay competitive by allowing you to identify opportunities that others may miss.

Transforming technology is another key component of an interdisciplinary approach. By understanding how different technologies work together, you can create new products and services that have never been seen before. This can be done through a combination of design, engineering and marketing techniques that allow for rapid prototyping and testing. Leveraging these technologies will help you create products faster than ever before and let you stay ahead of your competition.

The interdisciplinary approach also extends to product development and innovation strategies. By looking at how different disciplines interact with each other, teams can develop innovative solutions that combine different elements into a cohesive product or service offering. For example, teams must consider marketing strategies as well as design elements when creating a new product. This helps ensure that each part of the product works together properly and meets customer needs.

In addition to product development, teams must also consider marketing, design and pricing when it comes to innovative products or services. By understanding how each element works together, teams can create pricing structures that are both attractive to customers while also being profitable for the organization. Additionally, teams should consider how they can use design elements like user experience or graphics in

Product Development and Innovation Strategies

An MBA in Innovation Management provides students with the skills necessary to develop and implement innovative strategies. Product development is a key element of this process, as it involves the creation of products to meet customer needs and satisfy markets. To develop successful products, students must understand the dynamics of product development and innovation strategies.

First, students should identify customer needs and determine what type of product is needed to meet those needs. This requires research into customer preferences, trends in the industry, competitive products, and other factors that may influence product development. After identifying customer needs, students should develop a prototype or concept of the product that meets those needs.

Once a product concept is created, students must evaluate it for feasibility. This may involve testing prototypes in various environments or conducting market research to assess customer feedback and preferences. Students may also need to consider cost-benefit analysis and other financial considerations related to the development of the product.

The next step is for students to design a viable business model for their product. This means developing an understanding of how the product will be marketed, how pricing structures will work, how customers will purchase it, and other factors related to the commercialization of the product.

After a business model is developed, students must create a plan for launching their product into the market. This includes designing marketing materials such as websites, advertising campaigns, and promotional materials. Students must also consider production issues such as sourcing materials or manufacturing processes. Finally, they must identify channels for distributing their products.

Finally, students must have an understanding of how to measure success after their product is launched into the market. This includes monitoring sales figures and customer feedback as well as assessing whether goals have been met or exceeded in terms of revenue or market share growth. Innovative products can be successful if managed properly with an understanding of product development strategies and business models that support them.

Marketing, Design and Pricing of Innovative Products

Marketing, Design, and Pricing of Innovative Products is an important component of an MBA in Innovation Management. In this specialization students will gain a comprehensive understanding of the strategies and techniques necessary to successfully market, design and price innovative products.

First, students must have a firm grasp on customer needs and preferences. This includes understanding customer behaviors, demographics and psychographics. By analyzing market research data and performing customer segmentation exercises, students can better identify potential opportunities for product innovation.

Second, students will learn how to develop effective marketing campaigns to promote innovative products. This includes studying the 4 P’s of marketing – product, price, promotion and place. Students will be exposed to various digital marketing channels such as social media marketing, search engine optimization (SEO) and email marketing. In addition, they will also learn about traditional marketing channels such as print ads, television commercials and radio promotions.

Third, students will explore design principles for product innovation. This includes understanding the principles of aesthetics, ergonomics and usability. Additionally, students will learn about the importance of developing sustainable design principles for products that are environmentally friendly and socially responsible.

Finally, students must understand pricing strategies for innovative products. This includes learning how to set prices based on cost-plus pricing models as well as pricing based on customer perception. Students will also study different pricing strategies such as dynamic pricing and freemium models in order to maximize revenue potential from their products.

By mastering these concepts within the Marketing, Design and Pricing of Innovative Products specialization, students can gain the skills necessary to successfully launch innovative products onto the marketplace with a competitive advantage.

Managing People and Teams for Innovation

Managing people and teams for innovation is an essential skill for any leader in the modern business landscape. In order to foster innovation, leaders must be able to effectively motivate and manage teams. To do this, they must have a clear understanding of the principles of effective team management and how they can be applied to create a culture of innovation.

One key element of successful team management is building trust among team members. Leaders should set clear expectations, provide feedback, listen to their team’s ideas, and ensure that everyone is given an opportunity to contribute. Leaders should also promote collaboration by encouraging communication and brainstorming sessions that allow for free exchange of ideas.

Leaders must also be able to recognize when team members are struggling or performing poorly. It is important to provide support and guidance in order to help them reach their full potential. Leaders should also strive to foster a culture of learning and development by encouraging team members to take on new challenges and grow their skillset.

Finally, leaders must be able to recognize when it is time to make changes or pivot strategies. It is important for leaders to remain open-minded and flexible when it comes to making decisions about how best to move forward with a project or initiative.

By following these tips, leaders will be able to create an environment that fosters innovation within their teams and organizations. By leveraging the interdisciplinary approach outlined in previous blog sections, leaders can ensure that they have the right skillset and mindset needed to drive innovation within their teams.

Business Models for Innovation

Business models are the framework for how a company creates, delivers, and captures value. They define the underlying structure of the organization and provide insight into how it creates, delivers, and captures value. When it comes to innovation, business models are essential for creating competitive advantages and long-term success.

Innovation requires companies to be agile and adaptive in order to stay competitive in a rapidly changing market. Business model innovation is key to staying ahead of the competition. This means taking risks and exploring new opportunities that can lead to greater success.

In order to create an effective business model for innovation, companies should start by understanding their current business model. What are the core components of the current business model? What are the strengths and weaknesses? What resources are available? Once these questions are answered, companies can then begin to analyze potential areas for innovation.

Companies should also consider external factors that could impact their business model. Are there any new trends or technologies emerging that could help them create a more profitable or sustainable model? It’s important to stay on top of changes happening in the industry as well as customer preferences in order to identify potential opportunities for innovation.

Once potential areas for innovation have been identified, companies should develop strategies around how they can capitalize on them. This includes researching competitors’ strategies and understanding how they can differentiate their product or service offering through innovative business models. Companies should also consider how they can use technology to further enhance their value proposition and create more efficient processes.

Finally, companies should assess the risks associated with their proposed business model changes before implementing them. It’s important to test out new ideas before fully committing resources in order to ensure success. This could include piloting new products or services or launching a minimum viable product (MVP) in order to test customer response.

Business model innovation is essential for staying competitive in today’s digital age. By understanding their current business models

Globalization of Innovation and Strategies

Globalization of innovation and strategies is an important concept for any business looking to stay ahead of the competition. Businesses must understand the implications of globalizing their innovation and strategies in order to remain competitive. Here are some tips on how to do just that.

First, businesses should create a global strategy that takes into account the needs and wants of all its stakeholders. This means understanding the different cultural, political, and economic contexts in which the business is operating. This will help ensure that all stakeholders are taken into account when crafting a global strategy.

Second, businesses should develop a strong innovation culture that encourages employees to think outside the box and share ideas with each other. Creating an environment where ideas can be freely exchanged will help foster creativity and allow businesses to take advantage of new opportunities in different markets.

Third, businesses should take advantage of the latest technology to stay ahead of the competition, such as using artificial intelligence (AI) and machine learning (ML) to create more efficient processes. Utilizing these new tools can allow businesses to gain a competitive edge over their rivals and quickly respond to changes in the market.

Fourth, businesses should focus on developing partnerships with other companies around the world in order to gain access to new markets and resources. By forming strategic alliances with other companies, businesses can benefit from economies of scale, improved logistics, and access to new technologies and markets.

Finally, businesses should be aware of potential risks associated with globalizing their innovation and strategies – such as intellectual property (IP) infringement – so they can take steps to protect their investments. By taking the necessary precautions, businesses can ensure that their investments are safe from legal or financial risks associated with globalization.

By following these tips, businesses will be able to successfully globalize their innovation and strategies in order to remain competitive in today’s ever-changing market environment.