2021 Best MBA Programs in Minnesota

Tuition for MBA Programs in Minnesota

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.

An MBA program in Minnesota will cost you between $17,219 to $107,540 each year depending on how you calculate tuition as in-state, out-of-state, or out-of-country. Completing your MBA in Minnesota will cost, on average, for in-state tuition, $37,581

• Lowest: $17,219 from Minnesota State University, Mankato
• Highest: $72,900 from University of St. Thomas-Minnesota
• Average: $37,581 from Minnesota's 7 MBA Programs
• Average: $34,774 from 172 Online MBA Programs

GMAT Scores for MBA Programs in Minnesota

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.

To be accepted into an MBA program in Minnesota you will need a minimum GMAT score of 509.00. The average GMAT score for getting into a Minnesota MBA program is 555.75.

• Lowest: 509 from University of Minnesota Duluth
• Highest: 675 from University of Minnesota
• Average: 556 from Minnesota's 7 MBA Programs
• Average: 553 from 172 Online MBA Programs

Faculty Strength for MBA Programs in Minnesota

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 Minnesota ranges from a low of 33 professors to a high or 141.

• Lowest: 33 from Winona State University
• Highest: 141 from University of Minnesota
• Average: 70 from Minnesota's 7 MBA Programs
• Average: 72 from 172 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 Minnesota MBA programs range from 69.40% of the faculty having a PhD to a 97.70% of the MBA faculty having a PhD.

• Lowest: 69% from University of Minnesota
• Highest: 98% from Minnesota State University, Mankato
• Average: 84% from Minnesota's 7 MBA Programs
• Average: 84% from 172 Online MBA Programs

Student to Faculty Ratio

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 Minnesota the student faculty ratio for MBA programs ranges from the lowest (best) of 31:50 the highest (less desirable) of 4:5.

• Lowest: 31:50 from Minnesota State University, Mankato
• Highest: 4:5 from University of Minnesota
• Average: 7:10 from Minnesota's 7 MBA Programs.
• Average: 121:25 from 172 Online MBA Programs.

Student Enrollment for Minnesota 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.

Full- & Part-Time MBA Student Enrollment

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 Minnesota state's MBA programs, the range for full-time enrollment is between 13 and 154. For part-time enrollment, the range is between 39 and 830.

• Lowest: 13 from University of Minnesota Duluth
• Highest: 154 from University of Minnesota
• Average: 48 from Minnesota's 7 MBA Programs
• Average: 221 from 172 Online MBA Programs

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 Minnesota the percentage of students from the United States varies from a low of 82% to a high of 82%.

• Lowest: 82% from University of Minnesota
• Highest: 82% from University of Minnesota
• Average: 82% from Minnesota's 7 MBA Programs
• Average: 76% from 0 Online MBA Programs