Research the best MBA programs in Indiana by concentrations offered, how the MBA programs are offered (full-time, part-time, online, weekend and evenings), rankings by publication, cost of tuition, number of alumni, GMAT requirements and more.
To meet the diverse needs of Indiana businesses, MBA programs here have risen to the challenge by offering you an array of more than 45 MBA concentrations to specialize in.
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. You will find 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.
Indiana has 25 Accredited MBA programs. There are 5 private and 12 public schools offering MBA programs.
Online Business Programs Liked by Indiana MBA Graduates
Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
Research additional school detail on the school summary pages, in the tables and charts below and throughout the site.
MBA Program Comparisons: Indiana vs Online vs U.S.
Compare MBA Programs Averages | Indiana MBA Programs | Online MBA Programs | MBA Programs in the US |
---|---|---|---|
Average MBA Tuition | $31,166 | $28,263 | $32,512 |
Average GMAT Scores | 577 | 530 | 543 |
Average Full-Time MBA Faculty | 65 | 65 | 63 |
Average MBA Student Faculty Ratio | 42:25 | 249:100 | 129:50 |
Average # of MBA Faculty with Doctorate | 80.89% | 83.44% | 83.98% |
Average Full-Time MBA Enrollment | 221 | 145 | 184 |
Average Part-Time MBA Enrollment | 210 | 360 | 300 |
Average % of MBA Students from U.S. | 74% | 76% | 75% |
Rankings 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:
Publications and the number of awards granted for Indiana schools:
Salaries for MBA Graduates 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.
In-Person
- 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
Online
- 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
10 Highest Salaries for MBA Graduates in Indiana
- Vanderbilt University - $113,205.00
- University of Notre Dame - $111,850.00
- Indiana University Kokomo - $97,313.00
- Indiana University Bloomington - $92,867.00
- Indiana University Bloomington/Indianapolis - $92,867.00
- Purdue University - $91,491.00
- Valparaiso University - $85,000.00
- Indiana State University - $82,500.00
- Indiana University South Bend - $74,558.00
- Indiana University-Purdue University Fort Wayne - $71,960.00
10 Lowest Salaries for MBA Graduates in Indiana
- University of Southern Indiana - $55,955.00
- Indiana University Southeast - $60,200.00
- Butler University - $61,581.00
- Ball State University - $66,500.00
- Indiana University Northwest - $68,784.00
- Indiana University-Purdue University Fort Wayne - $71,960.00
- Indiana University South Bend - $74,558.00
- Indiana State University - $82,500.00
- Valparaiso University - $85,000.00
- Purdue University - $91,491.00
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 $31,166, the least expensive MBA program is $11,783 from University of Southern Indiana, and the most expensive is $58,400 from Vanderbilt University.
An Online MBA program from an institution in Indiana will cost you between $11,783 from University of Southern Indiana and $44,246 from Indiana University Bloomington. The average cost of online MBA programs within Indiana is $20,401.
In-Person
- Average: $30,146 from Indiana's 17 in-person MBA Programs
- Lowest in-person: $11,783 from University of Southern Indiana
- Highest in-person: $58,400 from Vanderbilt University
Online
- Average: $20,401 from Indiana's 8 online MBA Programs
- Lowest online: $11,783 from University of Southern Indiana
- Highest online: $44,246 from Indiana University Bloomington
10 Most Expensive MBAs in Indiana
- Vanderbilt University - $58,400.00
- University of Notre Dame - $56,338.00
- Purdue University Northwest - $48,500.00
- Purdue University Northwest - $48,000.00
- Purdue University - $44,836.00
- Indiana University Bloomington - $44,246.00
- Butler University - $43,400.00
- University of Evansville - $38,686.00
- Valparaiso University - $30,000.00
- Indiana University Bloomington/Indianapolis - $26,265.00
10 Least Expensive MBAs in Indiana
- University of Southern Indiana - $11,783.00
- Indiana University South Bend - $12,738.00
- Indiana University Southeast - $13,232.00
- Indiana State University - $13,872.00
- Indiana University Northwest - $15,286.00
- Indiana University-Purdue University Fort Wayne - $15,534.00
- Indiana University Kokomo - $15,744.00
- Ball State University - $24,120.00
- Indiana University Bloomington/Indianapolis - $26,265.00
- Valparaiso University - $30,000.00
GMAT Scores Needed for MBA Programs 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.
In-Person
- 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
Online
- Average: 568 from Indiana's 8 online MBA Programs
- Lowest online: 458 from Indiana University Northwest
- Highest online: 670 from Indiana University Bloomington
10 Highest GMAT Scores in Indiana
- Vanderbilt University - 688
- Indiana University Bloomington - 670
- Indiana University Bloomington/Indianapolis - 670
- University of Notre Dame - 658
- Purdue University - 627
- Purdue University Northwest - 610
- Indiana University South Bend - 600
- Valparaiso University - 590
- Butler University - 590
- Indiana University Southeast - 570
10 Lowest GMAT Scores in Indiana
- Indiana University Kokomo - 402
- Indiana University Northwest - 458
- University of Southern Indiana - 495
- Indiana State University - 530
- Ball State University - 540
- Indiana University-Purdue University Fort Wayne - 540
- Indiana University Southeast - 570
- Valparaiso University - 590
- Butler University - 590
- Indiana University South Bend - 600
Student Enrollment for Indiana MBA Programs
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 1,032.
In Person
- Lowest: 15 from Indiana University Kokomo
- Highest: 793 from University of Notre Dame
- Average: 221 from Indiana's 25 MBA Programs.
- Average: 186 from 876 the nation's campus MBA Programs.
Online
- Lowest: 59 from University of Southern Indiana
- Highest: 402 from Indiana University Bloomington/Indianapolis
- Average: 210 from Indiana's 8 MBA Programs.
- Average: 145 from 324 nation's online MBA Programs.
10 Schools with the Highest Student Enrollment in Indiana
- University of Notre Dame - 793
- Vanderbilt University - 535
- Indiana University Bloomington/Indianapolis - 402
- Indiana University Bloomington - 319
- Purdue University - 267
- Purdue University Northwest - 113
- Indiana University-Purdue University Fort Wayne - 60
- University of Southern Indiana - 59
- Butler University - 51
- Indiana State University - 27
10 Schools with the Lowest Student Enrollment in Indiana
- Indiana University Kokomo - 15
- Valparaiso University - 16
- Indiana State University - 27
- Butler University - 51
- University of Southern Indiana - 59
- Indiana University-Purdue University Fort Wayne - 60
- Purdue University Northwest - 113
- Purdue University - 267
- Indiana University Bloomington - 319
- Indiana University Bloomington/Indianapolis - 402
Percent of Global MBA Student Population
The MBA programs in the United States are coveted around the world and attract a healthy percentage of global students each year. A culturally diverse student population is especially important in an ever-changing global economy. With increasing globalization, a well diversified student body from outside the United States can provide much needed global world-view as well as valuable networking opportunities.
In Indiana the percentage of students from the United States varies from a low of 44% to a high of 93%.
For online programs in Indiana the percentage of students from the United States varies from a low of 93% to a high of 93%.
In Person
- Lowest: 44% from Purdue University
- Highest: 93% from Indiana University-Purdue University Fort Wayne
- Average: 74% from Indiana's 17 in-person MBA Programs.
- Average: 75% from 590 nation's in-person MBA Programs.
Online
- Lowest: 93% from Indiana University-Purdue University Fort Wayne
- Highest: 93% from Indiana University-Purdue University Fort Wayne
- Average: 93% from Indiana's 8 online MBA Programs.
- Average: 76% from 324 nation's online MBA Programs.
MBA Concentrations Available from MBA Programs 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 45 MBA concentrations including:
- Accounting: 19
- Finance: 19
- Marketing: 19
- Management: 16
- Information Systems: 16
- General Business: 16
- Supply Chain: 15
- International Business: 13
- Economics: 12
- Entrepreneurship: 11
Here are the top schools offering the widest variety of concentrations to choose from:
- Purdue University: 30
- Vanderbilt University: 24
- Indiana University Bloomington/Indianapolis: 20
- Indiana State University: 18
- Ball State University: 17
- Butler University: 17
- University of Notre Dame: 17
- Indiana University-Purdue University Fort Wayne: 15
- University of Evansville: 15
- University of Southern Indiana: 13
Student / Faculty Ratio for MBA Programs in Indiana
Quality MBA programs invest in the number of professors relative to the students attending the program. Commonly known as the Student Faculty ratio. Generally, the lower the ratio, the better it is for students. MBA students will get the personalized one-on-one attention from faculty mentors that have extensive experience in the industry. The Student/Faculty metric is a matter of personal preference and for those students who excel in lecture hall environments, you may not need the low student/faculty ratio.
In Indiana the student faculty ratio for MBA programs ranges from the lowest (best) of 1:20 the highest (less desirable) of 413:100. For online MBA programs thee student faculty ratio for MBA programs ranges from the lowest (best) of 1:20 the highest (less desirable) of 413:100.
In Person
- Lowest: 1:20 from Indiana University Southeast
- Highest: 413:100 from Indiana University Bloomington/Indianapolis
- Average: 42:25 from Indiana's 17 MBA Programs.
- Average: 129:50 from 590 the nation's campus MBA Programs.
Online
- Lowest: 1:20 from Indiana University Southeast
- Highest: 413:100 from Indiana University Bloomington/Indianapolis
- Average: 163:100 from Indiana's 8 MBA Programs.
- Average: 249:100 from 324 nation's online MBA Programs.
10 Programs with the Highest Student Faculty Ratio
- Indiana University Bloomington/Indianapolis - 413:100
- Butler University - 99:25
- Purdue University Northwest - 149:50
- Purdue University - 127:50
- Indiana University Kokomo - 241:100
- University of Southern Indiana - 173:100
- Indiana University-Purdue University Fort Wayne - 33:20
- Indiana University South Bend - 32:25
- Indiana University Northwest - 47:50
- University of Notre Dame - 3:5
10 Programs with the Lowest Student Faculty Ratio
- Indiana University Southeast - 1:20
- Valparaiso University - 3:10
- Vanderbilt University - 1:2
- Indiana State University - 51:100
- University of Notre Dame - 3:5
- Indiana University Northwest - 47:50
- Indiana University South Bend - 32:25
- Indiana University-Purdue University Fort Wayne - 33:20
- University of Southern Indiana - 173:100
- Indiana University Kokomo - 241:100
Full-Time Faculty
Highly competitive MBA schools recruit part-time and full-time professors that are both academics and industry influencers. They are the subject matter experts in their respective field. Most business professors have experienced success in the corporate world and have written extensively in their chosen field. The number of highly-qualified full-time faculty is directly related to the reputation of most elite MBA programs.
The number of full-time faculty for MBA programs in Indiana ranges from a low of 13 professors to a high or 300.
- Lowest: 13 from Indiana University Kokomo
- Highest: 300 from Indiana University Bloomington/Indianapolis
- Average: 65 from Indiana's 25 MBA Programs
- Average: 65 from 324 Online MBA Programs
Percent of Faculty with a PhD
Another high-level perspective to consider when determining the quality of an MBA faculty is to note the number of faculty who have earned a PhD in their respective area of excellence. Note to writer - create a fuller amount of content for this section.
In Indiana MBA programs range from 66.30% of the faculty having a PhD to a 96.00% of the MBA faculty having a PhD.
- Lowest: 66% from Indiana University Bloomington/Indianapolis
- Highest: 96% from Vanderbilt University
- Average: 81% from Indiana's 25 MBA Programs
- Average: 83% from 324 Online MBA Programs
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 in Indiana with Accredited MBA Programs
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. The following is a list of cities in Indiana with accredited MBA programs: Bloomington, Evansville, Fort Wayne, Gary, Hammond, Indianapolis, Kokomo, Muncie, New Albany, Notre Dame, South Bend, Terre Haute, Valparaiso and West Lafayette.
Table of Best Ranked MBA Programs in Indiana
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