University of Minnesota Carlson School of Management
Master's and MBA Programs in Business
Tuition, ROI, Graduate Salary, GMAT Requirements
$89,402
Average Tuition
$121,882
Average Starting Salary*
682
Average GMAT Scores
4,357
Average Student Enrollment
University of Minnesota
Carlson School of Management
- 321 19th Avenue South, Suite 4-300, Minneapolis, MN - 55455
Business School
Institution Control: Public- AACSB Accreditation: Business
- Academic Year: Semester
- Full-Time Faculty: 143
Business Programs
Business Degrees & Concentrations: Accounting, Corporate Finance, Finance, General Business, Human Resources, Information Systems, Marketing, Operations Management and Taxation- Offered As: Campus, Evenings, Full-Time, Off Campus, Online, Part-Time, Partnership and Weekends
Undergraduate School of Business
Undergrad Degrees Conferred: 625- In-State Tuition: $17,142
MBA Program Ranking(s)
Ranked by: PQ, US News, Forbes, BW, FT, Economist and MBAGuideMBA Tuition & Fees
In-State Tuition: $89,402Enrollment
Full-time, All: 4,357Average GMAT Score
Average GMAT MBA: 682Student / Faculty Ratio
Institution: 14:1Average Starting Salary
Graduate Salary*: $121,882Award Levels
Award Levels Offered: Doctoral, E-MBA, Master, MBA and UndergraduateSocial Links
Facebook, Linkedin and TwitterGMAT Requirements
GMAT Required* (yes, no, optional, recommended): YesMBAGuide Rankings
Program Rankings:
Compare University of Minnesota's Tuition, Salary, ROI, Student / Faculty Ratio, Enrollment (Alumni) and GMAT Requirements
Compare how the MBA program at University of Minnesota measures up against Minnesota, 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 | University of Minnesota | Online | Minnesota |
|---|---|---|---|
| Tuition | $89,402 | $37,225 | $44,750 |
| Salary | $121,882 | $79,354 | $93,709 |
| ROI | 36% | 196% | 143% |
| S/F Ratio | 15:1 | 17:1 | 19:1 |
| Enrollment | 4357 | 2,654 | 2,179 |
| GMAT | GMAT Required: Yes
Average GMAT Score: 682 |
561 | 606 |
Compare Average MBA Tuition
In Minnesota the most affordable MBA program is $26,220 and the most expensive is $89,402. The average tuition cost in the state is $44,750. Currently, the average in-state MBA tuition for University of Minnesota is $89,402.
| Comparison Group | MBA Tuition Averages |
|---|---|
| University of Minnesota | $89,402 |
| Minnesota Average | $44,750 |
| Online Average | $37,225 |
| National Average | $42,573 |
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- University of Minnesota average in-state tuition is $89,402
- The average Minnesota in-state MBA tuition is $44,750
- The average online MBA tuition in the United States is $37,225
- The national average in-state tuition in the United States is $42,573
The most affordable Online MBA program in Minnesota is $26,220 while the most expensive online program is $89,402. The average online tuition for Minnesota programs is $46,940. Research the most affordable AACSB online MBA programs across the nation.
- University of Minnesota's average in-state tuition is $89,402
- Minnesota average in-state tuition is $46,940
- National for average in-state tuition in the United States is $37,225
- Online average for in-state tuition is $37,225
- Find the most affordable online MBA schools.
Compare Average Graduate MBA Salaries
The highest average graduate salary1 for an MBA program in Minnesota is $121,882 and the lowest is $77,720. The average graduate MBA salary in the state is $93,709. Currently, the average MBA graduate salary for University of Minnesota is estimated to be $121,882.
| Comparison Group | Graduate MBA Salary Averages |
|---|---|
| University of Minnesota | $121,882 |
| Minnesota Average | $93,709 |
| Online Average | $79,354 |
| National Average | $82,899 |
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- National average for MBA graduate salary is $82,899
- Online average for graduate MBA salary is $79,354
For online MBA programs in Minnesota, the highest average graduate salary1 is $121,882 and the lowest is $77,720. The average graduate MBA salary in the state is $93,860. Currently, the average MBA graduate salary for University of Minnesota is estimated to be $121,882.
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- Minnesota average for online MBA starting salary is $93,860
- 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 Minnesota is 224% and the lowest is 36%. The average graduate MBA ROI in the state is 143%. Currently, the average MBA graduate ROI for University of Minnesota is estimated to be 36%.
| Comparison Group | Graduate MBA ROI Averages |
|---|---|
| University of Minnesota | 36% |
| Minnesota Average | 143% |
| 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 Minnesota, the highest average graduate ROI1 is 224% and the lowest is 36%. The average graduate MBA ROI in the state is 136%. Currently, the average MBA graduate ROI for University of Minnesota is estimated to be 36%.
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- Minnesota average for online MBA starting ROI is 136%
- 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 Minnesota ranges between a low of 12:1 to a high of 25:1 with an average Student Faculty Ratio of 19:1. Currently, University of Minnesota has an average student-to-faculty ratio for its MBA program of 15:1.
| Comparison Group | Average Student to Faculty Ratios |
|---|---|
| University of Minnesota | 15:1 |
| Minnesota Average | 19:1 |
| Online Average | 17:1 |
| National Average | 16:1 |
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- University of Minnesota Average Student Faculty Ratio: 15:1
- Minnesota Student Faculty Ratio: 19:1
- 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 Minnesota, the average business school enrollment ranges between a low of 507 to a high of 4,357 with an average of 2,179. Currently, University of Minnesota average school enrollment is 4357.
| Comparison Group | Average Business School Enrollment / Alumni |
|---|---|
| University of Minnesota | 4357 |
| Minnesota Average | 2,179 |
| Online Average | 2,654 |
| National Average | 2,533 |
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- University of Minnesota Average School Enrollment: 4357
- Minnesota's Average School Enrollment: 2,179
- 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 Minnesota ranges between a low of 519 to a high of 682 with an average of 606. At the present time, University of Minnesota average GMAT score for its MBA program is 682.
| Comparison Group | Average GMAT Scores |
|---|---|
| University of Minnesota | 682 |
| Minnesota Average | 606 |
| Online Average | 561 |
| National Average | 567 |
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- University of Minnesota Average GMAT: 682
- Minnesota's Average GMAT Scores: 606
- 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.
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- 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
Minnesota Schools Offering Online MBA Degrees
- University of St. Thomas-Minnesota
- Minnesota State University, Mankato
- Minnesota State University Moorhead
- St. Cloud State University
- University of Minnesota
Minnesota Schools Offering both Campus and Online MBA Degrees
Find the best ranked MBA programs in Minnesota and also find the best best online MBA programs accepting Minnesota students.
- University of St. Thomas-Minnesota
- Minnesota State University, Mankato
- Minnesota State University Moorhead
- St. Cloud State University
- University of Minnesota Duluth
- University of Minnesota
Cities in Minnesota 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.
.University of Minnesota Carlson School of Management Summary
In-state tuition and fees for the MBA program at Carlson School of Management is $89,402. Of all MBA programs offered in Minnesota, the average cost for in-state tuition and fees is $44,750 a year. The average cost for in-state tuition and fees for an online MBA program is $37,225 a year.
The average GMAT score to enter into Carlson School of Management is 682 while the average GMAT score to for MBA schools in Minnesota is 606.00, 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 $121,882.
Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 36%
The average in-state tuition you can expect to pay is about $89,402, and the average GMAT score for acceptance in their program is 682.
After graduating, the school reports that the average graduate salary is $121,882. Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 36%
Programs are offered as: Campus, Evenings, Full-Time, Off Campus, Online, Part-Time, Partnership and Weekends.
The school is ranked by: University of Minnesota's MBA program is accredited by the AACSB and is ranked by the following publications: PQ, US News, Forbes, BW, FT, Economist and MBAGuide
| Averages | University of Minnesota | Online | Minnesota |
|---|---|---|---|
| Tuition | $89,402 | $37,225 | $44,750 |
| Salary | $121,882 | $79,354 | $93,709 |
| ROI | 36% | 196% | 143% |
| S/F Ratio | 15:1 | 17:1 | 19:1 |
| Enrollment | 4357 | 2,654 | 2,179 |
| GMAT | GMAT Required: Yes
Average GMAT Score: 682 |
561 | 606 |
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.