University of Toledo John B. and Lillian E. Neff College of Business and Innovation
Master's and MBA Programs in Business
Tuition, ROI, Graduate Salary, GMAT Requirements
$23,506
Average Tuition
$73,300
Average Starting Salary*
475
Average GMAT Scores
2,091
Average Student Enrollment
University of Toledo
John B. and Lillian E. Neff College of Business and Innovation
- Stranahan Hall - Mail Stop 103, Toledo, OH - 43606
Business School
Institution Control: Public- AACSB Accreditation: Business and Accounting
- Academic Year: Semester
- Full-Time Faculty: 47
Business Programs
Business Degrees & Concentrations: Accounting, Corporate Finance, Data Analytics, E-Commerce, Entrepreneurship, Finance, General Business, Global Management, Human Resources, Information Systems, International Business, Leadership, Management, Marketing, Operations Management, Other, Product Management, Project Management and Supply Chain- Offered As: Campus, Distance Education, Evenings, Full-Time, Online, Part-Time and Weekends
Undergraduate School of Business
Undergrad Degrees Conferred: 487- In-State Tuition: $11,258
MBA Program Ranking(s)
Ranked by: MBAGuideMBA Tuition & Fees
In-State Tuition: $23,506Enrollment
Full-time, All: 2,091Average GMAT Score
Average GMAT MBA: 475Student / Faculty Ratio
Institution: 21:1Average Starting Salary
Graduate Salary*: $73,300Award Levels
Award Levels Offered: Doctoral, E-MBA, Master, MBA and UndergraduateSocial Links
Facebook, Linkedin and TwitterGMAT Requirements
GMAT Required* (yes, no, optional, recommended): ConditionalMBAGuide Rankings
Program Rankings:
Compare University of Toledo's Tuition, Salary, ROI, Student / Faculty Ratio, Enrollment (Alumni) and GMAT Requirements
Compare how the MBA program at University of Toledo measures up against Ohio, 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 Toledo | Online | Ohio |
|---|---|---|---|
| Tuition | $23,506 | $37,167 | $41,104 |
| Salary | $73,300 | $79,354 | $78,475 |
| ROI | 212% | 196% | 168% |
| S/F Ratio | 18:1 | 17:1 | 17:1 |
| Enrollment | 2091 | 2,654 | 3,064 |
| GMAT | GMAT Required: Yes
Average GMAT Score: 475 |
561 | 578 |
Compare Average MBA Tuition
In Ohio the most affordable MBA program is $13,500 and the most expensive is $136,342. The average tuition cost in the state is $41,104. Currently, the average in-state MBA tuition for University of Toledo is $23,506.
| Comparison Group | MBA Tuition Averages |
|---|---|
| University of Toledo | $23,506 |
| Ohio Average | $41,104 |
| Online Average | $37,167 |
| National Average | $42,528 |
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- University of Toledo average in-state tuition is $23,506
- The average Ohio in-state MBA tuition is $41,104
- 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 Ohio is $13,500 while the most expensive online program is $136,342. The average online tuition for Ohio programs is $37,709. Research the most affordable AACSB online MBA programs across the nation.
- University of Toledo's average in-state tuition is $23,506
- Ohio average in-state tuition is $37,709
- 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 Ohio is $115,000 and the lowest is $49,598. The average graduate MBA salary in the state is $78,475. Currently, the average MBA graduate salary for University of Toledo is estimated to be $73,300.
| Comparison Group | Graduate MBA Salary Averages |
|---|---|
| University of Toledo | $73,300 |
| Ohio Average | $78,475 |
| 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 Ohio, the highest average graduate salary1 is $115,000 and the lowest is $49,598. The average graduate MBA salary in the state is $77,315. Currently, the average MBA graduate salary for University of Toledo is estimated to be $73,300.
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- Ohio average for online MBA starting salary is $77,315
- 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 Ohio is 377% and the lowest is -32%. The average graduate MBA ROI in the state is 168%. Currently, the average MBA graduate ROI for University of Toledo is estimated to be 212%.
| Comparison Group | Graduate MBA ROI Averages |
|---|---|
| University of Toledo | 212% |
| Ohio Average | 168% |
| Online Average | 196% |
| National Average | 186% |
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- National average for MBA graduate ROI is 186%
- Online average for graduate MBA ROI is 196%
For online MBA programs in Ohio, the highest average graduate ROI1 is 377% and the lowest is -32%. The average graduate MBA ROI in the state is 179%. Currently, the average MBA graduate ROI for University of Toledo is estimated to be 212%.
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- Ohio average for online MBA starting ROI is 179%
- 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 Ohio ranges between a low of 9:1 to a high of 26:1 with an average Student Faculty Ratio of 17:1. Currently, University of Toledo has an average student-to-faculty ratio for its MBA program of 18:1.
| Comparison Group | Average Student to Faculty Ratios |
|---|---|
| University of Toledo | 18:1 |
| Ohio Average | 17:1 |
| Online Average | 17:1 |
| National Average | 16:1 |
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- University of Toledo Average Student Faculty Ratio: 18:1
- Ohio 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 Ohio, the average business school enrollment ranges between a low of 1,130 to a high of 9,737 with an average of 3,064. Currently, University of Toledo average school enrollment is 2091.
| Comparison Group | Average Business School Enrollment / Alumni |
|---|---|
| University of Toledo | 2091 |
| Ohio Average | 3,064 |
| Online Average | 2,654 |
| National Average | 2,533 |
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- University of Toledo Average School Enrollment: 2091
- Ohio's Average School Enrollment: 3,064
- 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 Ohio ranges between a low of 475 to a high of 674 with an average of 578. At the present time, University of Toledo average GMAT score for its MBA program is 475.
| Comparison Group | Average GMAT Scores |
|---|---|
| University of Toledo | 475 |
| Ohio Average | 578 |
| Online Average | 561 |
| National Average | 567 |
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- University of Toledo Average GMAT: 475
- Ohio's Average GMAT Scores: 578
- 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
Ohio Schools Offering Online MBA Degrees
- Ashland University
- Youngstown State University
- Xavier University
- University of Dayton
- The University of Akron
- Cleveland State University
- Kent State University
- Bowling Green State University
- University of Toledo
- Ohio University
- Wright State University
- John Carroll University
- University of Cincinnati
- The Ohio State University
- Miami University
Ohio Schools Offering both Campus and Online MBA Degrees
Find the best ranked MBA programs in Ohio and also find the best best online MBA programs accepting Ohio students.
- Ashland University
- Youngstown State University
- Xavier University
- University of Dayton
- The University of Akron
- Cleveland State University
- Kent State University
- Bowling Green State University
- University of Toledo
- Ohio University
- Wright State University
- John Carroll University
- University of Cincinnati
- The Ohio State University
- Case Western Reserve University
- Miami University
Cities in Ohio 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.
- Ada
- Akron
- Athens
- Bowling Green
- Cincinnati
- Cleveland
- Columbus
- Dayton
- Kent
- Oxford
- Toledo
- University Heights
- Youngstown
University of Toledo John B. and Lillian E. Neff College of Business and Innovation Summary
In-state tuition and fees for the MBA program at John B. and Lillian E. Neff College of Business and Innovation is $23,506. Of all MBA programs offered in Ohio, the average cost for in-state tuition and fees is $41,104 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 John B. and Lillian E. Neff College of Business and Innovation is 475 while the average GMAT score to for MBA schools in Ohio is 577.69, 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 $73,300.
Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 212%
The average in-state tuition you can expect to pay is about $23,506, and the average GMAT score for acceptance in their program is 475.
After graduating, the school reports that the average graduate salary is $73,300. Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 212%
Programs are offered as: Campus, Distance Education, Evenings, Full-Time, Online, Part-Time and Weekends.
The school is ranked by: University of Toledo's MBA program is accredited by the AACSB and is ranked by the following publications: MBAGuide
| Averages | University of Toledo | Online | Ohio |
|---|---|---|---|
| Tuition | $23,506 | $37,167 | $41,104 |
| Salary | $73,300 | $79,354 | $78,475 |
| ROI | 212% | 196% | 168% |
| S/F Ratio | 18:1 | 17:1 | 17:1 |
| Enrollment | 2091 | 2,654 | 3,064 |
| GMAT | GMAT Required: Yes
Average GMAT Score: 475 |
561 | 578 |
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.