2024 Best MBA Programs in Indiana

Indiana, the U.S. and Online

Averages	Indiana MBA Programs	Online MBA Programs	MBA Programs in the US
Average MBA Tuition	$32,023	$38,871	$43,473
Average GMAT Scores	602	550	562
Average Full-Time MBA Faculty	52	69	69
Average MBA Student Faculty Ratio	14:1	17:1	16:1
Average # of MBA Faculty with Doctorate	79.73%	83.45%	83.95%
Average Full-Time MBA Enrollment	201	279	288
Average Part-Time MBA Enrollment	185	404	354
Average % of MBA Students from U.S.	71%	76%	75%

What Are the Best Ranked MBA Programs in Indiana

Read about our ranking methodology.

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 $83,648, the lowest average MBA starting salary is $56,850 from University of Evansville, 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 $83,232.

Average Graduate Salaries for In-Person MBA Programs

• Average: $83,432 from Indiana's 16 In-Person MBA Programs
• Lowest In-Person: $56,850 from University of Evansville
• Highest In-Person:$136,352 from Indiana University Bloomington/Indianapolis

Average Graduate Salaries for Online MBA Programs

• Average: $83,232 from Indiana's 8 Online MBA Programs
• Lowest Online: $59,000 from Butler University
• Highest Online: $136,352 from Indiana University Bloomington/Indianapolis

 

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 $32,023, the least expensive MBA program is $7,458 from Indiana University Southeast, 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 Southeast and $62,688 from Indiana University Bloomington. The average cost of online MBA programs within Indiana is $24,779.

Average Tuition for In-Person MBA Programs

• Average: $33,429 from Indiana's 16 in-person MBA Programs
• Lowest in-person: $7,458 from Indiana University Southeast
• Highest in-person: $123,500 from University of Notre Dame

Average Tuition for Online MBA Programs

• Average: $24,779 from Indiana's 8 online MBA Programs
• Lowest online: $7,458 from Indiana University Southeast
• Highest online: $62,688 from Indiana University Bloomington

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 224%, the lowest ROI is 54% from University of Notre Dame, and the best ROI is 503% from Indiana University Northwest.

The ROI from Online MBA programs in Indiana range between 94% from Butler University and 503% from Indiana University Northwest. The average ROI of online MBA programs within Indiana is 274%.

In-Person ROI for MBA Programs

• Average: 216% from Indiana's 16 in-person MBA Programs
• Lowest in-person: 54% from University of Notre Dame
• Highest in-person: 503% from Indiana University Northwest

Online ROI for MBA Programs

• Average: 274% from Indiana's 8 online MBA Programs
• Lowest online: 94% from Butler University
• Highest online: 503% 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 602, 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.

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. The average GMAT scored for online MBA programs within Indiana is 587.

Average GMAT Score for In-Person MBA Programs

• Average: 601 from Indiana's 16 in-person MBA Programs
• Lowest in-person: 458 from Indiana University Northwest
• Highest in-person: 685 from Indiana University Bloomington

Average GMAT Score for Online MBA Programs

• Average: 587 from Indiana's 8 online MBA Programs
• Lowest online: 458 from Indiana University Northwest
• Highest online: 685 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 17 and 740. For part-time enrollment, the range is between 42 and 686.

Average Enrollment for In-Person MBA Programs

• Lowest: 17 from Indiana University South Bend
• Highest: 740 from University of Notre Dame
• Average: 201 from Indiana's 24 MBA Programs.
• Average: 291 from 875 the nation's campus MBA Programs.

Average Enrollment for Online MBA Programs

• Lowest: 17 from Indiana University South Bend
• Highest: 49 from Indiana University-Purdue University Fort Wayne
• Average: 33 from Indiana's 8 MBA Programs.
• Average: 279 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 41 MBA concentrations including:

• Accounting: 20
• Marketing: 20
• Finance: 19
• Management: 18
• Information Systems: 17
• General Business: 16
• International Business: 16
• Entrepreneurship: 14
• Supply Chain: 13
• Economics: 12

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

• University of Notre Dame: 23
• Indiana University Bloomington/Indianapolis: 20
• Indiana State University: 18
• Butler University: 17
• Ball State University: 17
• Valparaiso University: 16
• Purdue University Northwest: 13
• Indiana University Kokomo: 13
• Purdue University Calumet: 12
• University of Southern Indiana: 12

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

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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 24 Accredited MBA programs. 0 private and 12 public schools offering MBA programs.

Indiana has 12 public schools and 0 private schools offering MBA degree programs.

24 Accredited MBA programs.  and 12 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 41 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 24 accredited MBA programs offered in Indiana, 14 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 32 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 Calumet: 1
• Indiana University-Purdue University Fort Wayne: 1

Publications and the number of awards granted for Indiana schools:

• MBAGuide: 14
• US News: 3
• Forbes: 3
• BW: 3
• FT: 3
• Economist: 3

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.

Find: MBA Programs in Indiana | Online MBA Programs in Indiana Rankings: MBA Program Rankings | Online MBA Program Rankings Guides: Guide to Earning an Online MBA | Guide to Earning an MBA Concentrations: Online MBA Concentrations | Campus MBA Concentrations