2025 Best MBA Programs in Indiana

Compare MBA Program Averages in 2025
Indiana, the U.S. and Online

Averages	Indiana MBA Programs	Online MBA Programs	MBA Programs Nationwide
Average MBA Tuition	$28,248	$37,167	$42,528
Average Graduate Salary	$81,619	$79,354	$82,899
Average ROI	332%	196%	185%
Average GMAT Scores	598	561	567

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 $28,248, the least expensive MBA program is $7,458 from Indiana University Northwest, and the most expensive is $123,500 from University of Notre Dame.

An Online MBA program from an institution in Indiana will cost you between $7,458 from Indiana University Northwest and $44,816 from Purdue University. The average cost of online MBA programs within Indiana is $21,636.

Average Tuition for In-Person MBA Programs

Average: $28,248 from Indiana’s 14 in-person MBA Programs
Lowest in-person: $7,458 from Indiana University Northwest
Highest in-person: $123,500 from University of Notre Dame

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 $81,619, the lowest average MBA starting salary is $59,000 from Butler University, and the highest average MBA starting salary is $136,352 from Indiana University Bloomington/Indianapolis.

The average starting salary for graduates of an Online MBA program from an institution in Indiana is between $59,000 from Butler University and $136,352 from Indiana University Bloomington/Indianapolis. The average starting MBA salary for graduates of online MBA programs within Indiana is $76,879.

Average Graduate Salaries for In-Person MBA Programs

• Average: $81,619 from Indiana’s 14 In-Person MBA Programs
• Lowest In-Person: $59,000 from Butler University
• Highest In-Person:$136,352 from Indiana University Bloomington/Indianapolis

What is the Average 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 332%, the lowest ROI is 8% from University of Notre Dame, and the best ROI is 906% from Indiana University Northwest.

The ROI from Online MBA programs in Indiana range between 51% from Butler University and 906% from Indiana University Northwest. The average ROI of online MBA programs within Indiana is 336%.

In-Person ROI for MBA Programs

• Average: 332% from Indiana’s 14 in-person MBA Programs
• Lowest in-person: 8% from University of Notre Dame
• Highest in-person: 906% from Indiana University Northwest

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 598, the lowest average GMAT score is for an MBA program is 458 from Indiana University Northwest, and the highest GMAT score needed is 685 from Indiana University Bloomington/Indianapolis.

The average GMAT score needed for an online MBA program from an institution in Indiana is between 458 from Indiana University Northwest to 685 from Indiana University Bloomington/Indianapolis. The average GMAT scored for online MBA programs within Indiana is 591.

Average GMAT Score for In-Person MBA Programs

• Average: 598 from Indiana’s 14 in-person MBA Programs
• Lowest in-person: 458 from Indiana University Northwest
• Highest in-person: 685 from Indiana University Bloomington/Indianapolis

No GMAT or GRE – Best MBA Programs in Indiana

MBA Schools with the Most Alumni 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 10 and 1,191. For part-time enrollment, the range is between : 42.00 and : 1,430.00.

Average Enrollment for In-Person MBA Programs

• Lowest: 10 from Indiana University Northwest
• Highest: 1,191 from Indiana University Bloomington/Indianapolis
• Average: 337 from Indiana’s 14 MBA Programs.
• Average: 296 from 511 the nation’s campus 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 28 MBA concentrations including:

• Finance: 14
• Management: 13
• Accounting: 12
• Corporate Finance: 12
• Marketing: 11
• General Business: 11
• Information Systems: 8
• Human Resources: 6
• Other: 6
• Data Analytics: 6

What Schools Offer the Widest Variety of MBA Concentrations in Indiana?

• Ball State University: 16
• Indiana University Bloomington/Indianapolis: 13
• University of Notre Dame: 12
• Butler University: 11
• Indiana University South Bend: 11
• Indiana State University: 10
• Purdue University Northwest: 10
• Purdue University: 9
• University of Southern Indiana: 8
• Indiana University Northwest: 8

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

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.

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 14 Accredited MBA programs. 0 private and 11 public schools offering MBA programs.

Indiana has 11 public schools and 0 private schools offering MBA degree programs.

14 Accredited MBA programs.  and 11 public schools offering MBA programs.

Indiana schools offer 9 different paths to earn your MBA in Indiana including Campus, Full-Time, Online, Part-Time, Evenings, Weekends, 1-Year, Distance Education 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 28 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 14 accredited MBA programs offered in Indiana, 13 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 31 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
• 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 Fort Wayne: 1

Publications and the number of awards granted for Indiana schools:

• MBAGuide: 13
• US News: 3
• Forbes: 3
• BW: 3
• FT: 3
• Economist: 3

How We Rank the Best MBA Programs in Indiana

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.

Data sources: IPEDS, National Center of Educational Statistics, U.S. Department of Education, Institute of Education Sciences (ERIC), Association to Advance Collegiate Schools of Business (AACSB), 520 MBA Schools, U.S. Bureau of Labor Statistics (BLS). If you notice errors in the MBA program database, please contact us.

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