2023 Best MBA Programs in New Mexico

Compare MBA Degrees in New Mexico for 2023

Key Highlights:

• • This guide provides comprehensive data about tuition fees, average starting salaries, GMAT scores, and enrollment statistics for MBA programs in New Mexico.

• • It includes detailed profiles of both online and on-campus MBA programs in New Mexico, outlining their strengths, unique specializations, faculty expertise, and alumni networks to help align your study choice with your career ambitions.

• • This guide offers insights into New Mexico's diverse economic sectors, illustrating how an MBA degree can be a potent tool in these industries.

New Mexico's economy is marked by a diverse range of industries that present numerous opportunities for MBA graduates. The energy sector, driven primarily by oil and natural gas, is a key economic driver in New Mexico. This industry offers potential roles for MBA graduates in strategic planning, operations management, and finance.

In addition, New Mexico has a strong aerospace and defense industry, thanks to the presence of national laboratories and military bases. MBA graduates with concentrations in operations, project management, and finance can find rewarding opportunities in this sector.

Furthermore, the tourism industry is a significant contributor to the state's economy. It offers roles in marketing, operations, and strategic planning for MBA graduates.

Lastly, the state's healthcare sector is expanding, providing positions in healthcare management, strategy, and operations.

Compare MBA Program Averages Across

New Mexico, the U.S. and Online

Table of Best Ranked MBA Programs in New Mexico

What is the Average Graduate MBA Salary in New Mexico?

While the average starting salary for graduates of an in-person MBA program in New Mexico is about $86,178, the lowest average MBA starting salary is $85,556 from The University of New Mexico, and the highest average MBA starting salary is $86,800 from New Mexico State University.

The average starting salary for graduates of an Online MBA program from an institution in New Mexico is between $85,556 from The University of New Mexico and $86,800 from New Mexico State University. The average starting MBA salary for graduates of online MBA programs within New Mexico is $86,178.

Average Graduate Salaries for In-Person MBA Programs

• Average: $86,178 from New Mexico's 2 In-Person MBA Programs
• Lowest In-Person: $85,556 from The University of New Mexico
• Highest In-Person:$86,800 from New Mexico State University

Average Graduate Salaries for Online MBA Programs

• Average: $86,178 from New Mexico's 2 Online MBA Programs
• Lowest Online: $85,556 from The University of New Mexico
• Highest Online: $86,800 from New Mexico State University

What is the Average Tuition for MBA Programs in New Mexico?
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 New Mexico will cost about $16,845, the least expensive MBA program is $11,851 from New Mexico State University, and the most expensive is $21,838 from The University of New Mexico.

An Online MBA program from an institution in New Mexico will cost you between $11,851 from New Mexico State University and $21,838 from The University of New Mexico. The average cost of online MBA programs within New Mexico is $16,845.

Average Tuition for In-Person MBA Programs

• Average: $16,845 from New Mexico's 2 in-person MBA Programs
• Lowest in-person: $11,851 from New Mexico State University
• Highest in-person: $21,838 from The University of New Mexico

Average Tuition for Online MBA Programs

• Average: $16,845 from New Mexico's 2 online MBA Programs
• Lowest online: $11,851 from New Mexico State University
• Highest online: $21,838 from The University of New Mexico

What is the ROI for MBA Programs in New Mexico?

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 New Mexico is 281%, the lowest ROI is 196% from The University of New Mexico, and the best ROI is 366% from New Mexico State University.

The ROI from Online MBA programs in New Mexico range between 196% from The University of New Mexico and 366% from New Mexico State University. The average ROI of online MBA programs within New Mexico is 281%.

In-Person ROI for MBA Programs

• Average: 281% from New Mexico's 2 in-person MBA Programs
• Lowest in-person: 196% from The University of New Mexico
• Highest in-person: 366% from New Mexico State University

Online ROI for MBA Programs

• Average: 281% from New Mexico's 2 online MBA Programs
• Lowest online: 196% from The University of New Mexico
• Highest online: 366% from New Mexico State University

What is the Average GMAT Score Needed for an MBA Program in New Mexico?

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 New Mexico is 550, the lowest average GMAT score is for an MBA program is 530 from New Mexico State University, and the highest GMAT score needed is 570 from The University of New Mexico.

The average GMAT score needed for an online MBA program from an institution in New Mexico is between 530 from New Mexico State University to 570 from The University of New Mexico. The average GMAT scored for online MBA programs within New Mexico is 550.

Average GMAT Score for In-Person MBA Programs

• Average: 550 from New Mexico's 2 in-person MBA Programs
• Lowest in-person: 530 from New Mexico State University
• Highest in-person: 570 from The University of New Mexico

Average GMAT Score for Online MBA Programs

• Average: 550 from New Mexico's 2 online MBA Programs
• Lowest online: 530 from New Mexico State University
• Highest online: 570 from The University of New Mexico

Which MBA Schools Have the Highest Student Enrollment in New Mexico?

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 New Mexico state's MBA programs, the range for full-time enrollment is between 96 and 96. For part-time enrollment, the range is between 149 and 149.

Average Enrollment for Score for In-Person MBA Programs

• Lowest: 96 from New Mexico State University
• Highest: 96 from New Mexico State University
• Average: 96 from New Mexico's 5 MBA Programs.
• Average: 243 from 879 the nation's campus MBA Programs.

Average Enrollment for Score for Online MBA Programs

• Lowest: 96 from New Mexico State University
• Highest: 96 from New Mexico State University
• Average: 96 from New Mexico's 2 MBA Programs.
• Average: 201 from 327 nation's online MBA Programs.

What MBA Concentrations Available in New Mexico?

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 New Mexico businesses, MBA programs here have risen to the challenge by offering you an array of more than 22 MBA concentrations including:

• Accounting: 3
• Finance: 3
• International Business: 3
• Insurance: 2
• Project Management: 2
• Marketing: 2
• Leadership: 2
• Management: 2
• Information Systems: 2
• General Business: 2

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

• The University of New Mexico: 17
• New Mexico State University: 13
• New Mexico Highlands University: 4
• Western New Mexico University: 1
• Eastern New Mexico University: 1

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 New Mexico

Looking for a particular city in New Mexico with an accredited MBA program? Research and compare MBA programs from other cities in New Mexico. Find online programs, programs by concentration, by average GMAT score and more.

• Albuquerque
• Las Cruces

MBA Program Options Available in New Mexico

Options for earning your MBA in New Mexico have never been more flexible. New Mexico MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.

New Mexico has 5 Accredited MBA programs. 0 private and 2 public schools offering MBA programs.

New Mexico has 2 public schools and 0 private schools offering MBA degree programs.

5 Accredited MBA programs.  and 2 public schools offering MBA programs.

New Mexico schools offer 9 different paths to earn your MBA in New Mexico including Online, Campus, Full-Time, 1-Year, Distance Education, Evenings and Weekends, Off Campus, Part-Time and Partnership.

To meet the diverse needs of New Mexico businesses, MBA programs here have risen to the challenge by offering you an array of more than 22 MBA concentrations to specialize in.

Awards for MBA Programs in New Mexico

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 5 accredited MBA programs offered in New Mexico, 2 of them have been recognized by at least one distinguished publication (MBAGuide) garnering an award as one of the best MBA programs in the country.

New Mexico schools have earned a total of 2 Best MBA awards from publications. Here are the top MBA schools and the number of awards the each program has garnered:

• The University of New Mexico: 1
• New Mexico State University: 1

Publications and the number of awards granted for New Mexico schools:

• MBAGuide: 2