Research the best MBA programs in Minnesota 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 Minnesota businesses, MBA programs here have risen to the challenge by offering you an array of more than 36 MBA concentrations to specialize in.
Options for earning your MBA in Minnesota have never been more flexible. Minnesota 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 Minnesota including Online, Campus, Full-Time, 1-Year, Distance Education, Evenings and Weekends, Off Campus, Part-Time and Partnership.
Minnesota has 15 Accredited MBA programs. There are 2 private and 5 public schools offering MBA programs.
Online Business Programs Liked by Minnesota 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: Minnesota vs Online vs U.S.
Compare MBA Programs Averages | Minnesota MBA Programs | Online MBA Programs | MBA Programs in the US |
---|---|---|---|
Average MBA Tuition | $41,608 | $28,263 | $32,512 |
Average GMAT Scores | 528 | 530 | 543 |
Average Full-Time MBA Faculty | 70 | 65 | 63 |
Average MBA Student Faculty Ratio | 7:10 | 249:100 | 129:50 |
Average # of MBA Faculty with Doctorate | 85.82% | 83.44% | 83.98% |
Average Full-Time MBA Enrollment | 101 | 145 | 184 |
Average Part-Time MBA Enrollment | 214 | 360 | 300 |
Average % of MBA Students from U.S. | 82% | 76% | 75% |
Rankings for MBA Programs in Minnesota
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 15 accredited MBA programs offered in Minnesota, 7 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.
Minnesota schools have earned a total of 13 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 Minnesota schools:
Salaries for MBA Graduates in Minnesota
While the average starting salary for graduates of an in-person MBA program in Minnesota is about $78,768, the lowest average MBA starting salary is $55,000 from Minnesota State University Moorhead, and the highest average MBA starting salary is $94,779 from University of St. Thomas-Minnesota.
The average starting salary for graduates of an Online MBA program from an institution in Minnesota is between $55,000 from Minnesota State University Moorhead and $94,779 from University of St. Thomas-Minnesota. The average starting MBA salary for graduates of online MBA programs within Minnesota is $77,474.
In-Person
- Average: $80,432 from Minnesota's 7 In-Person MBA Programs
- Lowest In-Person: $55,000 from Minnesota State University Moorhead
- Highest In-Person:$94,779 from University of St. Thomas-Minnesota
Online
- Average: $77,474 from Minnesota's 4 Online MBA Programs
- Lowest Online: $55,000 from Minnesota State University Moorhead
- Highest Online: $94,779 from University of St. Thomas-Minnesota
10 Highest Salaries for MBA Graduates in Minnesota
- University of St. Thomas-Minnesota - $94,779.00
- University of Minnesota - $91,665.00
- Minnesota State University, Mankato - $91,331.00
- University of Minnesota Duluth - $75,818.00
- St. Cloud State University - $74,000.00
- Capella University - $68,784.00
- Minnesota State University Moorhead - $55,000.00
10 Lowest Salaries for MBA Graduates in Minnesota
- Minnesota State University Moorhead - $55,000.00
- Capella University - $68,784.00
- St. Cloud State University - $74,000.00
- University of Minnesota Duluth - $75,818.00
- Minnesota State University, Mankato - $91,331.00
- University of Minnesota - $91,665.00
- University of St. Thomas-Minnesota - $94,779.00
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.
While the average in-person MBA program in Minnesota will cost about $41,608, the least expensive MBA program is $17,219 from Minnesota State University, Mankato, and the most expensive is $76,416 from University of Minnesota.
An Online MBA program from an institution in Minnesota will cost you between $17,219 from Minnesota State University, Mankato and $72,900 from University of St. Thomas-Minnesota. The average cost of online MBA programs within Minnesota is $37,403.
In-Person
- Average: $41,608 from Minnesota's 7 in-person MBA Programs
- Lowest in-person: $17,219 from Minnesota State University, Mankato
- Highest in-person: $76,416 from University of Minnesota
Online
- Average: $37,403 from Minnesota's 4 online MBA Programs
- Lowest online: $17,219 from Minnesota State University, Mankato
- Highest online: $72,900 from University of St. Thomas-Minnesota
10 Most Expensive MBAs in Minnesota
- University of Minnesota - $76,416.00
- University of St. Thomas-Minnesota - $72,900.00
- University of Minnesota Duluth - $31,008.00
- St. Cloud State University - $30,013.00
- Minnesota State University Moorhead - $22,089.00
- Minnesota State University, Mankato - $17,219.00
10 Least Expensive MBAs in Minnesota
- Minnesota State University, Mankato - $17,219.00
- Minnesota State University Moorhead - $22,089.00
- St. Cloud State University - $30,013.00
- University of Minnesota Duluth - $31,008.00
- University of St. Thomas-Minnesota - $72,900.00
- University of Minnesota - $76,416.00
GMAT Scores Needed 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.
While the average GMAT score needed for in-person MBA program in Minnesota is 528, the lowest average GMAT score is for an MBA program is 400 from Capella University, and the highest GMAT score needed is 654 from University of Minnesota.
The average GMAT score needed for an online MBA program from an institution in Minnesota is between 400 from Capella University to 561 from University of St. Thomas-Minnesota. The average GMAT scored for online MBA programs within Minnesota is 504.
In-Person
- Average: 549 from Minnesota's 7 in-person MBA Programs
- Lowest in-person: 400 from Capella University
- Highest in-person: 654 from University of Minnesota
Online
- Average: 504 from Minnesota's 4 online MBA Programs
- Lowest online: 400 from Capella University
- Highest online: 561 from University of St. Thomas-Minnesota
10 Highest GMAT Scores in Minnesota
10 Lowest GMAT Scores in Minnesota
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.
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 467. For part-time enrollment, the range is between 39 and 830.
In Person
- Lowest: 13 from University of Minnesota Duluth
- Highest: 467 from University of Minnesota
- Average: 101 from Minnesota's 15 MBA Programs.
- Average: 186 from 876 the nation's campus MBA Programs.
Online
- Lowest: 17 from Minnesota State University, Mankato
- Highest: 63 from University of St. Thomas-Minnesota
- Average: 34 from Minnesota's 4 MBA Programs.
- Average: 145 from 324 nation's online MBA Programs.
10 Schools with the Highest Student Enrollment in Minnesota
10 Schools with the Lowest Student Enrollment in Minnesota
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%.
For online programs in Minnesota the percentage of students from the United States varies from a low of N/A to a high of N/A.
In Person
- Lowest: 82% from University of Minnesota
- Highest: 82% from University of Minnesota
- Average: 82% from Minnesota's 7 in-person MBA Programs.
- Average: 75% from 590 nation's in-person MBA Programs.
Online
- Lowest: N/A from N/A
- Highest: N/A from N/A
- Average: N/A from Minnesota's 4 online MBA Programs.
- Average: 76% from 324 nation's online MBA Programs.
MBA Concentrations Available from MBA Programs in Minnesota
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 Minnesota businesses, MBA programs here have risen to the challenge by offering you an array of more than 36 MBA concentrations including:
- Finance: 12
- Marketing: 8
- Management: 8
- Accounting: 7
- Information Systems: 7
- General Business: 7
- Entrepreneurship: 6
- Supply Chain: 5
- Healthcare Administration: 5
- International Business: 5
Here are the top schools offering the widest variety of concentrations to choose from:
- University of St. Thomas-Minnesota: 23
- University of Minnesota: 21
- Winona State University: 14
- Minnesota State University, Mankato: 14
- Minnesota State University Moorhead: 10
- St. Cloud State University: 9
- University of Minnesota Duluth: 9
- Augsburg University: 4
- Metropolitan State University: 4
- Hamline University: 3
Student / Faculty Ratio for MBA Programs in Minnesota
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. For online MBA programs thee student faculty ratio for MBA programs ranges from the lowest (best) of 31:50 the highest (less desirable) of 69:100.
In Person
- 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: 129:50 from 590 the nation's campus MBA Programs.
Online
- Lowest: 31:50 from Minnesota State University, Mankato
- Highest: 69:100 from University of St. Thomas-Minnesota
- Average: 13:20 from Minnesota's 4 MBA Programs.
- Average: 249:100 from 324 nation's online MBA Programs.
10 Programs with the Highest Student Faculty Ratio
- University of Minnesota - 4:5
- St. Cloud State University - 18:25
- University of St. Thomas-Minnesota - 69:100
- Minnesota State University, Mankato - 31:50
10 Programs with the Lowest Student Faculty Ratio
- Minnesota State University, Mankato - 31:50
- University of St. Thomas-Minnesota - 69:100
- St. Cloud State University - 18:25
- University of Minnesota - 4:5
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 15 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 Minnesota MBA programs range from 71.20% of the faculty having a PhD to a 97.70% of the MBA faculty having a PhD.
- Lowest: 71% from St. Cloud State University
- Highest: 98% from Minnesota State University, Mankato
- Average: 86% from Minnesota's 15 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 Minnesota with Accredited MBA Programs
Looking for a particular city in Minnesota with an accredited MBA program? Research and compare MBA programs from other cities in Minnesota. Find online programs, programs by concentration, by average GMAT score and more. The following is a list of cities in Minnesota with accredited MBA programs: Duluth, Mankato, Minneapolis, Moorhead, Saint Cloud, St. Paul and Winona.
Table of Best Ranked MBA Programs in Minnesota
Take the next step toward your business future with online learning.
Discover schools with the programs and courses you're interested in, and start learning today.