2023 Best MBA Programs in Indiana

Compare MBA Degrees in Indiana for 2023

Key Highlights:

• • Comprehensive comparisons and data about tuition fees, average starting salaries, GMAT scores, and enrollment statistics for MBA programs in Indiana.

• • Detailed profiles of both online and on-campus MBA programs in Indiana, their strengths, unique specializations, faculty expertise, and alumni networks are included to help align your study choice with your career ambitions.

• • Insights into Indiana's diverse economic sectors, demonstrating how an MBA degree serves as a potent tool in these industries.

Indiana boasts a robust and varied economy that offers a multitude of opportunities for MBA graduates. Industries such as manufacturing, healthcare, retail, finance, and agriculture play a pivotal role in Indiana's economy and hence offer significant career opportunities for MBA graduates with relevant specializations.

The manufacturing industry in Indiana is one of the strongest in the nation, making the state a perfect fit for MBA graduates specializing in operations management or supply chain management.

The healthcare sector in Indiana is growing rapidly, and the need for skilled administrators in this field is high. An MBA with a concentration in healthcare management would be highly beneficial in this industry.

Indiana's retail sector is also substantial, with major national retail chains headquartered in the state. Those with MBAs focused on marketing, retail management, or human resources can find significant opportunities in this industry.

In addition, Indiana's agricultural sector offers diverse opportunities for MBA graduates. Those with a focus on agribusiness or sustainability management can leverage their skills in this sector.

Compare MBA Program Averages Across

Indiana, the U.S. and Online

Table of Best Ranked MBA Programs in Indiana

What is the Average Graduate MBA Salary in Indiana?

While the average starting salary for graduates of an in-person MBA program in Indiana is about $81,775, the lowest average MBA starting salary is $55,955 from University of Southern Indiana, and the highest average MBA starting salary is $113,205 from Vanderbilt University.

The average starting salary for graduates of an Online MBA program from an institution in Indiana is between $55,955 from University of Southern Indiana and $92,867 from Indiana University Bloomington. The average starting MBA salary for graduates of online MBA programs within Indiana is $72,961.

Average Graduate Salaries for In-Person MBA Programs

• Average: $81,775 from Indiana's 17 In-Person MBA Programs
• Lowest In-Person: $55,955 from University of Southern Indiana
• Highest In-Person:$113,205 from Vanderbilt University

Average Graduate Salaries for Online MBA Programs

• Average: $72,961 from Indiana's 8 Online MBA Programs
• Lowest Online: $55,955 from University of Southern Indiana
• Highest Online: $92,867 from Indiana University Bloomington

What is the Average Tuition for MBA Programs in Indiana?
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 online MBA program can provide the flexibility of completing a program while being employed in your respective career.

While the average in-person MBA program in Indiana will cost about $41,134, the least expensive MBA program is $11,782 from Indiana University Kokomo, and the most expensive is $135,070 from Vanderbilt University.

An Online MBA program from an institution in Indiana will cost you between $11,783 from University of Southern Indiana and $60,171 from Indiana University Bloomington/Indianapolis. The average cost of online MBA programs within Indiana is $25,444.

Average Tuition for In-Person MBA Programs

• Average: $40,700 from Indiana's 17 in-person MBA Programs
• Lowest in-person: $11,782 from Indiana University Kokomo
• Highest in-person: $135,070 from Vanderbilt University

Average Tuition for Online MBA Programs

• Average: $25,444 from Indiana's 8 online MBA Programs
• Lowest online: $11,783 from University of Southern Indiana
• Highest online: $60,171 from Indiana University Bloomington/Indianapolis

What is the ROI for MBA Programs in Indiana?

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.

While the average in-person MBA program ROI from Indiana is 164%, the lowest ROI is 42% from Vanderbilt University, and the best ROI is 413% from Indiana University Kokomo.

The ROI from Online MBA programs in Indiana range between 77% from Indiana University Bloomington/Indianapolis and 237% from University of Southern Indiana. The average ROI of online MBA programs within Indiana is 179%.

In-Person ROI for MBA Programs

• Average: 164% from Indiana's 17 in-person MBA Programs
• Lowest in-person: 42% from Vanderbilt University
• Highest in-person: 413% from Indiana University Kokomo

Online ROI for MBA Programs

• Average: 179% from Indiana's 8 online MBA Programs
• Lowest online: 77% from Indiana University Bloomington/Indianapolis
• Highest online: 237% from University of Southern Indiana

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

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.

While the average GMAT score needed for in-person MBA program in Indiana is 577, the lowest average GMAT score is for an MBA program is 402 from Indiana University Kokomo, and the highest GMAT score needed is 688 from Vanderbilt University.

The average GMAT score needed for an online MBA program from an institution in Indiana is between 458 from Indiana University Northwest to 670 from Indiana University Bloomington. The average GMAT scored for online MBA programs within Indiana is 568.

Average GMAT Score for In-Person MBA Programs

• Average: 577 from Indiana's 17 in-person MBA Programs
• Lowest in-person: 402 from Indiana University Kokomo
• Highest in-person: 688 from Vanderbilt University

Average GMAT Score for Online MBA Programs

• Average: 568 from Indiana's 8 online MBA Programs
• Lowest online: 458 from Indiana University Northwest
• Highest online: 670 from Indiana University Bloomington

Which MBA Schools Have the Highest Student Enrollment in Indiana?

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

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 Indiana state's MBA programs, the range for full-time enrollment is between 15 and 793. For part-time enrollment, the range is between 22 and 1,582.

Average Enrollment for Score for In-Person MBA Programs

• Lowest: 15 from Indiana University Kokomo
• Highest: 793 from University of Notre Dame
• Average: 221 from Indiana's 25 MBA Programs.
• Average: 243 from 879 the nation's campus MBA Programs.

Average Enrollment for Score for Online MBA Programs

• Lowest: 34 from Indiana University Southeast
• Highest: 581 from Indiana University Bloomington/Indianapolis
• Average: 211 from Indiana's 8 MBA Programs.
• Average: 201 from 327 nation's online MBA Programs.

What MBA Concentrations Available in Indiana?

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 Indiana businesses, MBA programs here have risen to the challenge by offering you an array of more than 44 MBA concentrations including:

• Accounting: 19
• Marketing: 18
• Management: 18
• Finance: 16
• General Business: 13
• International Business: 13
• Economics: 12
• Entrepreneurship: 12
• Information Systems: 12
• Data Analytics: 9

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

• Purdue University: 29
• Indiana State University: 24
• Indiana University Southeast: 23
• Purdue University Northwest: 21
• Valparaiso University: 20
• Indiana University Kokomo: 18
• Indiana University Northwest: 18
• University of Southern Indiana: 17
• Indiana University-Purdue University Fort Wayne: 15
• Ball State University: 15

The Importance of MBA Accreditation

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.

Cities Offering MBA Programs in Indiana

Looking for a particular city in Indiana with an accredited MBA program? Research and compare MBA programs from other cities in Indiana. Find online programs, programs by concentration, by average GMAT score and more.

• Bloomington
• Evansville
• Fort Wayne
• Gary
• Hammond
• Indianapolis
• Kokomo
• Muncie
• New Albany
• Notre Dame
• South Bend
• Terre Haute
• Valparaiso
• West Lafayette

MBA Program Options Available in Indiana

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

Indiana has 25 Accredited MBA programs. 5 private and 12 public schools offering MBA programs.

Indiana has 12 public schools and 5 private schools offering MBA degree programs.

25 Accredited MBA programs.  and 12 public schools offering MBA programs.

Indiana schools offer 9 different paths to earn your MBA in Indiana including Online, Campus, Full-Time, 1-Year, Distance Education, Evenings and Weekends, Off Campus, Part-Time and Partnership.

To meet the diverse needs of Indiana businesses, MBA programs here have risen to the challenge by offering you an array of more than 44 MBA concentrations to specialize in.

Awards for MBA Programs in Indiana

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 25 accredited MBA programs offered in Indiana, 15 of them have been recognized by at least one distinguished publication (MBAGuide, PQ, US News, Forbes, BW, FT and Economist) garnering an award as one of the best MBA programs in the country.

Indiana schools have earned a total of 39 Best MBA awards from publications. Here are the top MBA schools and the number of awards the each program has garnered:

• Purdue University: 7
• Indiana University Bloomington/Indianapolis: 7
• University of Notre Dame: 7
• Vanderbilt University: 7
• University of Southern Indiana: 1
• Indiana University Southeast: 1
• Indiana University Northwest: 1
• Indiana University Kokomo: 1
• Butler University: 1
• Ball State University: 1
• Indiana University South Bend: 1
• Indiana State University: 1
• Valparaiso University: 1
• Purdue University Calumet: 1
• Indiana University-Purdue University Fort Wayne: 1

Publications and the number of awards granted for Indiana schools:

• MBAGuide: 15
• US News: 4
• Forbes: 4
• BW: 4
• FT: 4
• Economist: 4