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Murray State University

Posted onMay 7, 2021April 2, 2025 Updated onMarch 9, 2025 Reading Time: 5 minutes


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Murray State University MBA Programs
Tuition, ROI, Graduate Salary, GMAT Requirements

Murray State University

Murray State University The Arthur J. Bauernfeind College of Business

The Arthur J. Bauernfeind College of Business

Social Links Here

Location:

  • Murray

,

  • KY

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

  • Tuition: $16,455
  • Graduate Salary: $90,419
  • Graduate ROI: 449%
  • GMAT Required: Conditional
  • Avg. GMAT: 593
  • Student / Faculty Ratio: 19:1
  • Enrollment: 1,450

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Full-Time
  • ·
  • Off Campus
  • ·
  • Online
  • ·
  • Part-Time
  • Concentrations: 10
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Finance
  • General Business
  • Information Systems
  • Leadership
  • Management
  • Marketing
  • Supply Chain
  • Best in:
  • Most Affordable Online MBA or Masters in Kentucky
  • Most Affordable Online MBA or Masters in Most Affordable Online MBA
  • Best MBA or Masters Program in Kentucky
  • Best Online MBA or Masters in Kentucky
  • Best MBA or Masters 10 Most Respected and Affordable Online MBA Programs
  • BBA All BBA Each State
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 110
  • Online Rank: 76
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Compare Murray State University's Tuition, Salary, ROI, Student / Faculty Ratio, Enrollment (Alumni) and GMAT Requirements

Compare how the MBA program at Murray State University measures up against Kentucky, national, and online averages across key metrics of Tuition, Graduate Salary, Graduate ROI, Student / Faculty Ratios, Enrollment (Alumni) and GMAT Requirements to help you evaluate your educational investment.

Averages Murray State University Online Kentucky
Tuition $16,455 $37,167 $24,022
Salary $90,419 $79,354 $65,025
ROI 449% 196% 224%
S/F Ratio 19:1 17:1 17:1
 Enrollment 1450 2,654 2,225
GMAT GMAT Required: Yes

Average GMAT Score: 593

561 541

Compare Average MBA Tuition

In Kentucky the most affordable MBA program is $12,600 and the most expensive is $39,449. The average tuition cost in the state is $24,022. Currently, the average in-state MBA tuition for Murray State University is $16,455.

Comparison Group MBA Tuition Averages
Murray State University $16,455
Kentucky Average $24,022
Online Average $37,167
National Average $42,528

    • Murray State University average in-state tuition is $16,455
    • The average Kentucky in-state MBA tuition is $24,022
    • The average online MBA tuition in the United States is $37,167
    • The national average in-state tuition in the United States is $42,528

The most affordable Online MBA program in Kentucky is $12,600 while the most expensive online program is $39,449. The average online tuition for Kentucky programs is $22,812. Research the most affordable AACSB online MBA programs across the nation.

  • Murray State University's average in-state tuition is $16,455
  • Kentucky average in-state tuition is $22,812
  • National for average in-state tuition in the United States is $37,167
  • Online average for in-state tuition is $37,167
  • Find the most affordable online MBA schools.

Compare Average Graduate MBA Salaries

The highest average graduate salary1 for an MBA program in Kentucky is $90,419 and the lowest is $42,450. The average graduate MBA salary in the state is $65,025. Currently, the average MBA graduate salary for Murray State University is estimated to be $90,419.

Comparison Group Graduate MBA Salary Averages
Murray State University $90,419
Kentucky Average $65,025
Online Average $79,354
National Average $82,899

    • National average for MBA graduate salary is $82,899
    • Online average for graduate MBA salary is $79,354

For online MBA programs in Kentucky, the highest average graduate salary1 is $90,419 and the lowest is $42,450. The average graduate MBA salary in the state is $66,493. Currently, the average MBA graduate salary for Murray State University is estimated to be $90,419.

    • Kentucky average for online MBA starting salary is $66,493
    • National average for online MBA starting salary is $79,354

Find the online MBA programs with highest and lowest average online MBA starting salaries.

Compare Average ROI for Graduate MBA Students

The highest average graduate ROI1 for MBA students in Kentucky is 449% and the lowest is 43%. The average graduate MBA ROI in the state is 224%. Currently, the average MBA graduate ROI for Murray State University is estimated to be 449%.

Comparison Group Graduate MBA ROI Averages
Murray State University 449%
Kentucky Average 224%
Online Average 196%
National Average 186%

    • National average for MBA graduate ROI is 186%
    • Online average for graduate MBA ROI is 196%

For online MBA programs in Kentucky, the highest average graduate ROI1 is 449% and the lowest is 43%. The average graduate MBA ROI in the state is 246%. Currently, the average MBA graduate ROI for Murray State University is estimated to be 449%.

    • Kentucky average for online MBA starting ROI is 246%
    • National average for online MBA starting ROI is 196%

Find the schools with the highest and lowest ROI for graduating MBA students.

Compare Business School Student / Faculty Ratios

The average student to faulty ratio for business schools in Kentucky ranges between a low of 11:1 to a high of 23:1 with an average Student Faculty Ratio of 17:1. Currently, Murray State University has an average student-to-faculty ratio for its MBA program of 19:1.

Comparison Group Average Student to Faculty Ratios
Murray State University 19:1
Kentucky Average 17:1
Online Average 17:1
National Average 16:1

    • Murray State University Average Student Faculty Ratio: 19:1
    • Kentucky Student Faculty Ratio: 17:1
    • Average U.S. Student Faculty Ratio: 16:1
    • Average Online Student Faculty Ratio: 17:1

For online MBA programs, the student-to-faculty ratios range between a low of 2:1 to a high of 63:1 with an average of 17:1.

Research the best and worst student-to-faculty ratios.

Compare Average Business School Enrollment (Alumni)

In Kentucky, the average business school enrollment ranges between a low of 497 to a high of 5,615 with an average of 2,225. Currently, Murray State University average school enrollment is 1450.

Comparison Group Average Business School Enrollment / Alumni
Murray State University 1450
Kentucky Average 2,225
Online Average 2,654
National Average 2,533

 

    • Murray State University Average School Enrollment: 1450
    • Kentucky's Average School Enrollment: 2,225
    • National Average for School Enrollment: 2,533
    • Online Average for School Enrollment: 2,654

For online business schools, enrollments range from a low of 152 to a high of 21,000 with an average of 2,654.

Research, find and compare online business schools enrollments.

Compare Average GMAT Scores

The average GMAT score for an MBA program in Kentucky ranges between a low of 455 to a high of 623 with an average of 541. At the present time, Murray State University average GMAT score for its MBA program is 593.

Comparison Group Average GMAT Scores
Murray State University 593
Kentucky Average 541
Online Average 561
National Average 567

    • Murray State University Average GMAT: 593
    • Kentucky's Average GMAT Scores: 541
    • National Average for GMAT Scores: 567
    • Online Average for GMAT Scores: 561

For online MBA programs GMAT scores range from a low of 265 to a high of 732 with an average of 561.

Many MBA programs no longer require the GMAT, making these exams optional or conditional based on specific criteria. While some business schools have eliminated standardized testing requirements entirely, others still consider test scores as a component of the application process. Even at test-optional institutions, admissions committees may require the GMAT for applicants with lower GPAs or limited quantitative coursework. Ultimately, strong test scores can strengthen an application, but many programs now evaluate candidates holistically based on work experience, academic background, and leadership potential.

    • Find MBA programs that do not require a GMAT or make the exam optional or conditional
    • Find Online MBA programs with the highest and lowest GMAT requirements

Kentucky Schools Offering Online MBA Degrees

  • Northern Kentucky University
  • Murray State University
  • Morehead State University
  • Western Kentucky University
  • Eastern Kentucky University
  • University of Louisville
  • University of Kentucky

Kentucky Schools Offering both Campus and Online MBA Degrees

Find the best ranked MBA programs in Kentucky and also find the best best online MBA programs accepting Kentucky students.

  • Northern Kentucky University
  • Bellarmine University
  • Murray State University
  • Morehead State University
  • Western Kentucky University
  • Eastern Kentucky University
  • University of Louisville
  • University of Kentucky

Cities in Kentucky Where You Can Find MBA Programs

Using the following links, compare average tuition costs, starting graduate salaries, program ROIs, averaged required GMAT scores, strong alumni networks and more.

  • Bowling Green
  • Highland Heights
  • Lexington
  • Louisville
  • Morehead
  • Murray
  • Richmond
.

Murray State University The Arthur J. Bauernfeind College of Business Summary

In-state tuition and fees for the MBA program at The Arthur J. Bauernfeind College of Business is $16,455. Of all MBA programs offered in Kentucky, the average cost for in-state tuition and fees is $24,022 a year. The average cost for in-state tuition and fees for an online MBA program is $37,167 a year.

The average GMAT score to enter into The Arthur J. Bauernfeind College of Business is 593 while the average GMAT score to for MBA schools in Kentucky is 541.00, and the average GMAT score to enter into an online GMAT program is 560.93.

After graduating, the school reports that the average graduate salary is $90,419.

Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 449%

The average in-state tuition you can expect to pay is about $16,455, and the average GMAT score for acceptance in their program is 593.

After graduating, the school reports that the average graduate salary is $90,419. Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 449%

Programs are offered as: Campus, Distance Education, Full-Time, Off Campus, Online and Part-Time.

The school is ranked by: Murray State University's MBA program is accredited by the AACSB and is ranked by the following publications: MBAGuide

Averages Murray State University Online Kentucky
Tuition $16,455 $37,167 $24,022
Salary $90,419 $79,354 $65,025
ROI 449% 196% 224%
S/F Ratio 19:1 17:1 17:1
 Enrollment 1450 2,654 2,225
GMAT GMAT Required: Yes

Average GMAT Score: 593

561 541

1*If a school does not provide average graduate salary information or graduate ROI data on their web site, MBAGuide estimates these figures using a variety of state and regional sources including the CollegeNavigator, the U.S. Bureau of Labor Statistics and state or regional equivalents. If you find mistakes in our database, please contact us.

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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  • Rankings
    • Best Online

      • Overall
      • Most Respected
      • Salary
      • ROI
      • Affordable
      • No GMAT
      • Selective
      • Ratios
      • Faculty
      • Alumni

      Best Campus

      • Overall
      • Most Respected
      • Salary
      • ROI
      • Affordable
      • No GMAT
      • Selective
      • Ratios
      • Faculty
      • Alumni

      Types of MBAs

      • 1-Year
      • E-MBA
      • Part-Time
      • Evenings & Weekends
      • Dual
      • Grad Certificate
      • Undergrad Certificate
      • Entrepreneurship Development Programs
      • Emerging Leadership Programs

  • States
    • West

      • Alaska
      • Arizona
      • California
      • Colorado
      • Hawaii
      • Idaho
      • Montana
      • Nevada
      • New Mexico
      • Oregon
      • Utah
      • Washington
      • Wyoming

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      • Kentucky
      • Louisiana
      • Maryland
      • Mississippi
      • North Carolina
      • Oklahoma
      • South Carolina
      • Tennessee
      • Texas
      • Virginia
      • West Virginia

      MBA Program Rankings and Reports for All 50 States

  • Concentrations
    • Most AACSB Programs Offered

      • Finance – 430
      • Accounting – 444
      • Marketing – 405
      • Management – 433
      • Business Administration – 453
      • Information Systems – 274
      • Intl Business – 210
      • Entrepreneurship – 218
      • Economics – 220
      • Supply Chain – 200
      • Data Analytics – 309
      • Healthcare Admin – 144
      • Leadership – 92
      • Statistics – 16

      Best Graduate Salary

      • Business Analytics – $104,000
      • Consulting – $115,277
      • Energy – $92,959
      • E-Commerce – $94,850
      • Law – $90,536
      • Leadership – $88,232
      • Operations Mgmt – $92,419
      • Insurance – $80,528
      • Org. Behavior – $107,961
      • Real Estate – $97,485
      • Sports Mgmt – $78,406
      • Statistics – $103,112
      • Healthcare Mgmt – $85,206
      • Taxation –  $121,750

      Explore All 50 MBA Concentrations

  • Resources
    • Blog
    • Scholarships
    • What is an MBA