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MBAGuide

2025 Best MBA Programs in Tennessee

MBAGuide StaffMBAGuide.org Staff Updated onMarch 3, 2025
Reading Time: 8 minutes
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Interactive Table | Best MBAs Detail | Tuition | Salary | ROI | Average GMAT | No GMAT / GRE | How We Rank

Executive Summary MBA Programs in Tennessee for 2025

$39,976

Average MBA Tuition in Tennessee

$84,826

Average Starting MBA Salary in Tennessee

583

Average GMAT Scores in Tennessee

2,276

Average Student Enrollment in Tennessee

  • In Tennessee there are 12 campus and 8 online MBA Programs.
  • Starting salary for new MBA graduates in Tennessee is reported to be between $52,400 and $139,711 with an average of $84,826.
  • Tuition for Tennessee campus MBA programs ranges from $9,452 to $131,000, and averages $39,976
  • Online tuition in for Tennessee MBAs ranges between $9,452 to $54,000, with an average total tuition cost of $25,393
  • The ROI for MBA programs in Tennessee is between the highest of 1,033% and the lowest of 7% with an average of 242%
  • Average student enrollment in Tennessee varies between 327 and 9,151 with an overall average of 2,276.
  • Student / Faculty Ratio for MBA programs in Tennessee varies between 6:1 and 22:1 with an average of 16:1 students.
  • A GMAT score between 440 and 687 with an average of 583 is needed for acceptance into an MBA program.
  • Tennessee has 12 MBA programs are ranked by the following institutions MBAGuide: 11, US News: 2, Forbes: 2, BW: 2, FT: 1 and Economist: 1.

Key Highlights:

    • Comprehensive comparisons and data about tuition fees, average starting salaries, GMAT scores, and enrollment statistics for MBA programs in Tennessee.

    • Detailed profiles of MBA programs in Tennessee, their strengths, unique specializations, faculty expertise, and alumni networks are included to help align your study choice with your career ambitions.

    • Insights into Tennessee's diverse economic sectors, demonstrating how an MBA degree serves as a potent tool in these industries.

Top 5 Industries and Companies Hiring MBA Graduates in Tennessee

Tennessee offers a vibrant and diverse economy, providing MBA graduates with a wide array of career opportunities. The state's strategic location, business-friendly environment, and top-ranked MBA programs make it an attractive destination for aspiring business professionals.

Healthcare Industry Boom

The healthcare sector is one of the fastest-growing industries in Tennessee, driven by the presence of major healthcare companies like HCA Healthcare and Community Health Systems. Nashville, in particular, has earned the nickname "the nation's healthcare capital". An MBA with a concentration in Healthcare Management can equip graduates with the skills needed to take on leadership roles in this thriving industry.

Manufacturing and Automotive Stronghold

Tennessee has a strong manufacturing base, with a significant presence in the automotive industry. Nissan, Volkswagen, and General Motors all have major manufacturing facilities in the state. An MBA with a focus on Operations Management or Supply Chain Management can prepare graduates for careers in this sector, optimizing production processes and managing complex supply chains.

Emerging Technology Hub

The technology industry is gaining momentum in Tennessee, particularly in the Nashville and Chattanooga areas. The state is home to a growing number of tech startups and established companies like Amazon and Asurion. An MBA with a concentration in Information Systems or Technology Management can provide the skills needed to succeed in this dynamic field.

Tourism and Hospitality Hotspot

With its rich musical heritage, natural beauty, and popular attractions, Tennessee has a thriving tourism and hospitality industry. Major destinations like Nashville, Memphis, and the Great Smoky Mountains draw millions of visitors each year. An MBA with a specialization in Hospitality Management can prepare graduates for leadership roles in this exciting industry.

Top 5 Industries by Projected Growth (2018-2028) Growth Rate
Health Care and Social Assistance 13.4%
Accommodation and Food Services 8.2%
Professional, Scientific, and Technical Services 8.0%
Construction 7.9%
Transportation and Warehousing 7.1%

Tennessee's top-ranked MBA programs, such as those offered by Vanderbilt University and the University of Tennessee, provide students with the knowledge and skills needed to succeed in these growing industries. With a focus on experiential learning, networking opportunities, and cutting-edge business education, these programs prepare graduates to take on leadership roles and drive innovation in their chosen fields.

Tennessee's thriving healthcare, manufacturing, technology, and tourism industries, combined with its excellent MBA programs, make it an attractive destination for aspiring business leaders looking to launch successful careers.

Sortable Table of the Top AACSB Accredited MBA Programs in Tennessee

Easily sort the interactive table below to find the best MBA programs by Rank, School Name, ROI, Tuition, Average Starting Salary, and Campus or Online to find and to compare MBA programs in Tennessee. Click on any school for a comprehensive school profile.

Rank University Avg. Graduate ROIAvg. In State TuitionAvg. Starting SalaryStateCampus and Online
1 Vanderbilt University 7.00% $131,000 $139,711TNNo
2 University of Tennessee at Knoxville 161.00% $38,875 $101,400TNYes
3 The University of Memphis 216.00% $23,688 $74,800TNYes
4 Middle Tennessee State University 233.00% $26,712 $89,000TNYes
5 Tennessee State University 1,033.00% $9,452 $107,108TNYes
6 University of Tennessee at Martin 417.00% $11,112 $57,450TNYes
7 Belmont University 19.00% $69,207 $82,200TNNo
8 Union University 223.00% $26,028 $84,000TNYes
9 University of Tennessee at Chattanooga 207.00% $25,788 $79,043TNNo
10 Lipscomb University 66.00% $50,565 $84,000TNNo
11 East Tennessee State University 295.00% $13,280 $52,400TNYes
12 Tennessee Technological University 24.00% $54,000 $66,800TNYes

10 Best Ranked MBA Programs in Tennessee

Jump to a Best Ranked Program
  • Vanderbilt University
  • University of Tennessee at Knoxville
  • The University of Memphis
  • Middle Tennessee State University
  • Tennessee State University
  • University of Tennessee at Martin
  • Belmont University
  • Union University
  • University of Tennessee at Chattanooga
  • Lipscomb University
  • East Tennessee State University
  • Tennessee Technological University
  • Christian Brothers University
  • Lincoln Memorial University
  • King University
  • Southern Adventist University
  • South College
  • Freed-Hardeman University
  • Bethel University

Vanderbilt University

Vanderbilt University Owen Graduate School of Management

Owen Graduate School of Management

Location:

  • Nashville

,

  • TN

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $131,000
  • Graduate Salary: $139,711
  • Graduate ROI: 7%
  • GMAT Required: Yes
  • Avg. GMAT: 687
  • Student / Faculty Ratio: 6:1
  • Enrollment: 616

Degree Level(s):

  • E-MBA
  • ·
  • Master
  • ·
  • MBA

Offered As:

  • 1-Year
  • ·
  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Partnership
  • ·
  • Weekends
  • Concentrations: 14
  • Accounting
  • Corporate Finance
  • Energy
  • Entrepreneurship
  • Finance
  • Global Management
  • Healthcare Administration
  • International Business
  • Law
  • Management
  • Marketing
  • Operations Management
  • Organizational Behavior
  • Real Estate
  • Best in:
  • Best MBA or Masters Program in Tennessee
  • Best Concentration Law
  • Masters All or Campus Masters Supply Chain Management
  • Best Concentration Energy
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 42
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of Tennessee at Knoxville

University of Tennessee at Knoxville Haslam College of Business

Haslam College of Business

Location:

  • Knoxville

,

  • TN

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $38,875
  • Graduate Salary: $101,400
  • Graduate ROI: 161%
  • GMAT Required: Yes
  • Avg. GMAT: 663
  • Student / Faculty Ratio: 24:1
  • Enrollment: 9151

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • Concentrations: 14
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Finance
  • General Business
  • Healthcare Administration
  • Human Resources
  • Leadership
  • Management
  • Marketing
  • Other
  • Public Administration
  • Supply Chain
  • Best in:
  • Most Affordable Online MBA or Masters in Tennessee
  • Best MBA or Masters Program in Tennessee
  • Best Online MBA or Masters in Tennessee
  • Best Online Concentration Economics
  • Best Online Concentration Healthcare Administration
  • Rankings
  • City Rank: 1
  • State Rank: 2
  • National Rank: 49
  • Online Rank: 25
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

The University of Memphis

The University of Memphis Fogelman College of Business and Economics

Fogelman College of Business and Economics

Location:

  • Memphis

,

  • TN

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $23,688
  • Graduate Salary: $74,800
  • Graduate ROI: 216%
  • GMAT Required: Yes
  • Avg. GMAT: 670
  • Student / Faculty Ratio: 18:1
  • Enrollment: 3527

Degree Level(s):

  • Doctoral
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 19
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Healthcare Administration
  • Human Resources
  • Information Systems
  • International Business
  • Management
  • Manufacturing
  • Marketing
  • Other
  • Real Estate
  • Supply Chain
  • Taxation
  • Best in:
  • Most Affordable Online MBA or Masters in Tennessee
  • Most Affordable Online MBA or Masters in Most Affordable Online MBA
  • Best MBA or Masters Program in Tennessee
  • Best Online MBA or Masters in Tennessee
  • BBA All BBA Each State
  • Rankings
  • City Rank: 1
  • State Rank: 3
  • National Rank: 77
  • Online Rank: 47
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Middle Tennessee State University

Middle Tennessee State University Jennings A. Jones College of Business

Jennings A. Jones College of Business

Location:

  • Murfreesboro

,

  • TN

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $26,712
  • Graduate Salary: $89,000
  • Graduate ROI: 233%
  • GMAT Required: Yes
  • Avg. GMAT: 589
  • Student / Faculty Ratio: 15:1
  • Enrollment: 3832

Degree Level(s):

  • Doctoral
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • 1-Year
  • ·
  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 16
  • Accounting
  • Actuarial Science
  • Corporate Finance
  • Economics
  • Entrepreneurship
  • Finance
  • General Business
  • Healthcare Administration
  • Information Systems
  • Insurance
  • Management
  • Marketing
  • Other
  • Real Estate
  • Supply Chain
  • Taxation
  • Best in:
  • Most Affordable Online MBA or Masters in Tennessee
  • Most Affordable Online MBA or Masters in Most Affordable Online MBA
  • Best MBA or Masters Program in Tennessee
  • Best Online MBA or Masters in Tennessee
  • Best DBA Program in Each State
  • Rankings
  • City Rank: 1
  • State Rank: 4
  • National Rank: 88
  • Online Rank: 56
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Tennessee State University

Tennessee State University College of Business

College of Business

Location:

  • Nashville

,

  • TN

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $9,452
  • Graduate Salary: $107,108
  • Graduate ROI: 1,033%
  • GMAT Required: Yes
  • Avg. GMAT: 626
  • Student / Faculty Ratio: 17:1
  • Enrollment: 1220

Degree Level(s):

  • E-MBA
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • Concentrations: 4
  • Accounting
  • Economics
  • General Business
  • Information Systems
  • Best in:
  • Most Affordable Online MBA or Masters in Tennessee
  • Best MBA or Masters Program in Tennessee
  • Best Online MBA or Masters in Tennessee
  • Rankings
  • City Rank: 2
  • State Rank: 5
  • National Rank: 114
  • Online Rank: 78
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of Tennessee at Martin

University of Tennessee at Martin College of Business and Global Affairs

College of Business and Global Affairs

Location:

  • Martin

,

  • TN

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $11,112
  • Graduate Salary: $57,450
  • Graduate ROI: 417%
  • GMAT Required: Yes
  • Avg. GMAT: 673
  • Student / Faculty Ratio: 12:1
  • Enrollment: 858

Degree Level(s):

  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 8
  • Accounting
  • Corporate Finance
  • Economics
  • Finance
  • General Business
  • Information Systems
  • Management
  • Marketing
  • Best in:
  • Most Affordable Online MBA or Masters in Tennessee
  • Best MBA or Masters Program in Tennessee
  • Best Online MBA or Masters in Tennessee
  • Rankings
  • City Rank: 1
  • State Rank: 6
  • National Rank: 228
  • Online Rank: 161
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Belmont University

Belmont University College of Business

College of Business Administration

Location:

  • Nashville

,

  • TN

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $69,207
  • Graduate Salary: $82,200
  • Graduate ROI: 19%
  • GMAT Required: Optional
  • Avg. GMAT: 532
  • Student / Faculty Ratio: 15:1
  • Enrollment: 1938

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Full-Time
  • Concentrations: 15
  • Accounting
  • Arts
  • Corporate Finance
  • Data Analytics
  • Economics
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Healthcare Administration
  • Hospitality Management
  • International Business
  • Management
  • Marketing
  • Supply Chain
  • Best in:
  • Best MBA or Masters Program in Tennessee
  • Best Concentration Arts
  • Rankings
  • City Rank: 3
  • State Rank: 7
  • National Rank: 252
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Union University

Union University McAfee School of Business

McAfee School of Business

Location:

  • Jackson

,

  • TN

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $26,028
  • Graduate Salary: $84,000
  • Graduate ROI: 223%
  • GMAT Required: Yes
  • Avg. GMAT: 545
  • Student / Faculty Ratio: 13:1
  • Enrollment: 327

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Full-Time
  • ·
  • Online
  • Concentrations: 8
  • Accounting
  • Data Analytics
  • General Business
  • Healthcare Administration
  • Human Resources
  • Leadership
  • Marketing
  • Supply Chain
  • Best in:
  • Most Affordable Online MBA or Masters in Tennessee
  • Best Online MBA or Masters in Tennessee
  • Rankings
  • City Rank: 2
  • State Rank: 8
  • National Rank: 305
  • Online Rank: 222
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of Tennessee at Chattanooga

University of Tennessee at Chattanooga Gary W. Rollins College of Business

Gary W. Rollins College of Business

Location:

  • Chattanooga

,

  • TN

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $25,788
  • Graduate Salary: $79,043
  • Graduate ROI: 207%
  • GMAT Required: Yes
  • Avg. GMAT: 506
  • Student / Faculty Ratio: 18:1
  • Enrollment: 2304

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 12
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Energy
  • Entrepreneurship
  • Finance
  • General Business
  • Human Resources
  • Management
  • Marketing
  • Nonprofit
  • Best in:
  • Best MBA or Masters Program in Tennessee
  • Rankings
  • City Rank: 1
  • State Rank: 9
  • National Rank: 341
  • Online Rank: 159
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Lipscomb University

Lipscomb University College of Business

College of Business

Location:

  • Nashville

,

  • TN

Control: Private, not-for-profit

Academic Year:

Accredited: AACSB

Accreditation: Business

  • Tuition: $50,565
  • Graduate Salary: $84,000
  • Graduate ROI: 66%
  • GMAT Required: Optional
  • Avg. GMAT: 530
  • Student / Faculty Ratio: 12:1
  • Enrollment: 589

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • Concentrations: 10
  • Accounting
  • Corporate Finance
  • Entrepreneurship
  • Finance
  • General Business
  • Healthcare Administration
  • Innovation Management
  • Management
  • Marketing
  • Operations Management
  • Best in:
  • Best Concentration Innovation Management
  • Rankings
  • City Rank: 4
  • State Rank: 10
  • National Rank: 369
  • Online Rank: 356
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

East Tennessee State University

East Tennessee State University College of Business and Technology

College of Business and Technology

Location:

  • Johnson City

,

  • TN

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $13,280
  • Graduate Salary: $52,400
  • Graduate ROI: 295%
  • GMAT Required: Yes
  • Avg. GMAT: 535
  • Student / Faculty Ratio: 14:1
  • Enrollment: 1575

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • 1-Year
  • ·
  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 9
  • Accounting
  • Corporate Finance
  • Cybersecurity
  • Economics
  • Energy
  • Finance
  • General Business
  • Management
  • Marketing
  • Supply Chain
  • Best in:
  • Most Affordable Online MBA or Masters in Tennessee
  • Best MBA or Masters Program in Tennessee
  • Best Online MBA or Masters in Tennessee
  • Rankings
  • City Rank: 1
  • State Rank: 11
  • National Rank: 444
  • Online Rank: 330
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Tennessee Technological University

Tennessee Technological University College of Business

College of Business

Location:

  • Cookeville

,

  • TN

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $54,000
  • Graduate Salary: $66,800
  • Graduate ROI: 24%
  • GMAT Required: Optional
  • Avg. GMAT: 440
  • Student / Faculty Ratio: 15:1
  • Enrollment: 1373

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • Concentrations: 12
  • Accounting
  • Corporate Finance
  • Economics
  • Finance
  • General Business
  • Global Management
  • Human Resources
  • Insurance
  • International Business
  • Management
  • Marketing
  • Other
  • Best in:
  • Best MBA Programs
  • Most Affordable Online MBA or Masters in Tennessee
  • Best MBA or Masters Program in Tennessee
  • Best Online MBA or Masters in Tennessee
  • Rankings
  • City Rank: 1
  • State Rank: 12
  • National Rank: 495
  • Online Rank: 374
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Christian Brothers University

Christian Brothers University School of Business

School of Business

Location:

  • Memphis

,

  • TN

Control:

Academic Year:

Accredited: AACSB

Accreditation:

  • Tuition: not reported
  • Graduate Salary: Not Reported by School
  • Graduate ROI: Not Reported
  • GMAT Required:
  • Avg. GMAT:
  • Student / Faculty Ratio: :1
  • Enrollment: Not Reported

Degree Level(s):

Offered As:

  • Concentrations: 4
  • Accounting
  • Finance
  • Marketing
  • Science and Technology
  • Best in:
  • Rankings
  • City Rank: 2
  • State Rank: 13
  • National Rank: 628
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Lincoln Memorial University

Lincoln Memorial University Lincoln Memorial University - School of Business

Lincoln Memorial University - School of Business

Location:

,

  • TN

Control:

Academic Year:

Accredited: AACSB

Accreditation:

  • Tuition: not reported
  • Graduate Salary: Not Reported by School
  • Graduate ROI: Not Reported
  • GMAT Required:
  • Avg. GMAT:
  • Student / Faculty Ratio: :1
  • Enrollment: Not Reported

Degree Level(s):

Offered As:

  • Concentrations: 3
  • Marketing
  • Operations Management
  • Quantitative Methods
  • Best in:
  • Rankings
  • City Rank: 58
  • State Rank: 14
  • National Rank: 652
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

King University

King University School of Business, Economics and Technology

School of Business, Economics and Technology

Location:

  • Bristol

,

  • TN

Control:

Academic Year:

Accredited: AACSB

Accreditation:

  • Tuition: not reported
  • Graduate Salary: Not Reported by School
  • Graduate ROI: Not Reported
  • GMAT Required:
  • Avg. GMAT:
  • Student / Faculty Ratio: :1
  • Enrollment: Not Reported

Degree Level(s):

Offered As:

  • Concentrations: 4
  • Accounting
  • Entrepreneurship
  • Finance
  • Marketing
  • Best in:
  • Rankings
  • City Rank: 2
  • State Rank: 15
  • National Rank: 653
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Southern Adventist University

Southern Adventist University School of Business

School of Business

Location:

,

  • TN

Control:

Academic Year:

Accredited: AACSB

Accreditation:

  • Tuition: not reported
  • Graduate Salary: Not Reported by School
  • Graduate ROI: Not Reported
  • GMAT Required:
  • Avg. GMAT:
  • Student / Faculty Ratio: :1
  • Enrollment: Not Reported

Degree Level(s):

Offered As:

  • Concentrations: 2
  • Accounting
  • Finance
  • Best in:
  • Rankings
  • City Rank: 77
  • State Rank: 16
  • National Rank: 694
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

South College

South College School of Business &Technology

South College School of Business &Technology

Location:

  • Knoxville

,

  • TN

Control:

Academic Year: Quarter

Accredited: AACSB

Accreditation:

  • Tuition: not reported
  • Graduate Salary: Not Reported by School
  • Graduate ROI: Not Reported
  • GMAT Required:
  • Avg. GMAT: 400
  • Student / Faculty Ratio: :1
  • Enrollment:

Degree Level(s):

Offered As:

  • Concentrations: 1
  • Business Analytics
  • Best in:
  • Rankings
  • City Rank: 2
  • State Rank: 17
  • National Rank: 711
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Freed-Hardeman University

Freed-Hardeman University School of Business

School of Business

Location:

,

  • TN

Control:

Academic Year:

Accredited: AACSB

Accreditation:

  • Tuition: not reported
  • Graduate Salary: Not Reported by School
  • Graduate ROI: Not Reported
  • GMAT Required:
  • Avg. GMAT:
  • Student / Faculty Ratio: :1
  • Enrollment: Not Reported

Degree Level(s):

Offered As:

  • Concentrations: 0
  • Best in:
  • Rankings
  • City Rank: 132
  • State Rank: 18
  • National Rank: 829
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Bethel University

Bethel University School of Business

School of Business

Location:

,

  • TN

Control:

Academic Year:

Accredited: AACSB

Accreditation:

  • Tuition: not reported
  • Graduate Salary: Not Reported by School
  • Graduate ROI: Not Reported
  • GMAT Required:
  • Avg. GMAT:
  • Student / Faculty Ratio: :1
  • Enrollment: Not Reported

Degree Level(s):

Offered As:

  • Concentrations: 2
  • Finance
  • Marketing
  • Best in:
  • Rankings
  • City Rank: 147
  • State Rank: 19
  • National Rank: 860
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Compare MBA Program Averages in 2025
Tennessee, the U.S. and Online

 AveragesTennessee MBA ProgramsOnline MBA ProgramsMBA Programs Nationwide
Average MBA Tuition$39,976 $37,225$42,573
Average Graduate Salary$84,826$79,354 $82,899
Average ROI242%196%185%
Average GMAT Scores583561567

What is the Average Tuition for MBA Programs in Tennessee?


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 Tennessee will cost about $39,976, the least expensive MBA program is $9,452 from Tennessee State University, and the most expensive is $131,000 from Vanderbilt University.

An Online MBA program from an institution in Tennessee will cost you between $9,452 from Tennessee State University and $54,000 from Tennessee Technological University. The average cost of online MBA programs within Tennessee is $25,393.

Average Tuition for In-Person MBA Programs

Average: $39,976 from Tennessee’s 12 in-person MBA Programs
Lowest in-person: $9,452 from Tennessee State University
Highest in-person: $131,000 from Vanderbilt University

Most Affordable MBAs in Tennessee

  1. Tennessee State University - $9,452.00
  2. University of Tennessee at Martin - $11,112.00
  3. East Tennessee State University - $13,280.00
  4. The University of Memphis - $23,688.00
  5. University of Tennessee at Chattanooga - $25,788.00
  6. Union University - $26,028.00
  7. Middle Tennessee State University - $26,712.00
  8. University of Tennessee at Knoxville - $38,875.00
  9. Lipscomb University - $50,565.00
  10. Tennessee Technological University - $54,000.00

Most Expensive MBAs in Tennessee

  1. Vanderbilt University - $131,000.00
  2. Belmont University - $69,207.00
  3. Tennessee Technological University - $54,000.00
  4. Lipscomb University - $50,565.00
  5. University of Tennessee at Knoxville - $38,875.00
  6. Middle Tennessee State University - $26,712.00
  7. Union University - $26,028.00
  8. University of Tennessee at Chattanooga - $25,788.00
  9. The University of Memphis - $23,688.00
  10. East Tennessee State University - $13,280.00

What is the Average Graduate MBA Salary in Tennessee?

While the average starting salary for graduates of an in-person MBA program in Tennessee is about $84,826, the lowest average MBA starting salary is $52,400 from East Tennessee State University, and the highest average MBA starting salary is $139,711 from Vanderbilt University.

The average starting salary for graduates of an Online MBA program from an institution in Tennessee is between $52,400 from East Tennessee State University and $107,108 from Tennessee State University. The average starting MBA salary for graduates of online MBA programs within Tennessee is $79,120.

Average Graduate Salaries for In-Person MBA Programs

  • Average: $84,826 from Tennessee’s 12 In-Person MBA Programs
  • Lowest In-Person: $52,400 from East Tennessee State University
  • Highest In-Person:$139,711 from Vanderbilt University

Schools with the Highest Graduate MBA Salaries in Tennessee

  1. Vanderbilt University - $139,711.00
  2. Tennessee State University - $107,108.00
  3. University of Tennessee at Knoxville - $101,400.00
  4. Middle Tennessee State University - $89,000.00
  5. Lipscomb University - $84,000.00
  6. Union University - $84,000.00
  7. Belmont University - $82,200.00
  8. University of Tennessee at Chattanooga - $79,043.00
  9. The University of Memphis - $74,800.00
  10. Tennessee Technological University - $66,800.00

Schools with the Lowest Graduate MBA Salaries in Tennessee

  1. East Tennessee State University - $52,400.00
  2. University of Tennessee at Martin - $57,450.00
  3. Tennessee Technological University - $66,800.00
  4. The University of Memphis - $74,800.00
  5. University of Tennessee at Chattanooga - $79,043.00
  6. Belmont University - $82,200.00
  7. Lipscomb University - $84,000.00
  8. Union University - $84,000.00
  9. Middle Tennessee State University - $89,000.00
  10. University of Tennessee at Knoxville - $101,400.00

What is the Average ROI for MBA Programs in Tennessee?

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 Tennessee is 242%, the lowest ROI is 7% from Vanderbilt University, and the best ROI is 1,033% from Tennessee State University.

The ROI from Online MBA programs in Tennessee range between 24% from Tennessee Technological University and 1,033% from Tennessee State University. The average ROI of online MBA programs within Tennessee is 325%.

In-Person ROI for MBA Programs

  • Average: 242% from Tennessee’s 12 in-person MBA Programs
  • Lowest in-person: 7% from Vanderbilt University
  • Highest in-person: 1,033% from Tennessee State University

Highest ROI for MBA Programs in Tennessee

  1. Tennessee State University - 1,033.00%
  2. University of Tennessee at Martin - 417.00%
  3. East Tennessee State University - 295.00%
  4. Middle Tennessee State University - 233.00%
  5. Union University - 223.00%
  6. The University of Memphis - 216.00%
  7. University of Tennessee at Chattanooga - 207.00%
  8. University of Tennessee at Knoxville - 161.00%
  9. Lipscomb University - 66.00%
  10. Tennessee Technological University - 24.00%

Lowest ROI for MBA Programs in Tennessee

  1. Vanderbilt University - 7.00%
  2. Belmont University - 19.00%
  3. Tennessee Technological University - 24.00%
  4. Lipscomb University - 66.00%
  5. University of Tennessee at Knoxville - 161.00%
  6. University of Tennessee at Chattanooga - 207.00%
  7. The University of Memphis - 216.00%
  8. Union University - 223.00%
  9. Middle Tennessee State University - 233.00%
  10. East Tennessee State University - 295.00%

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

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 Tennessee is 583, the lowest average GMAT score is for an MBA program is 440 from Tennessee Technological University, and the highest GMAT score needed is 687 from Vanderbilt University.

The average GMAT score needed for an online MBA program from an institution in Tennessee is between 440 from Tennessee Technological University to 673 from University of Tennessee at Martin. The average GMAT scored for online MBA programs within Tennessee is 593.

Average GMAT Score for In-Person MBA Programs

  • Average: 583 from Tennessee’s 12 in-person MBA Programs
  • Lowest in-person: 440 from Tennessee Technological University
  • Highest in-person: 687 from Vanderbilt University

Lowest GMAT Scores in Tennessee

  1. Tennessee Technological University - 440
  2. University of Tennessee at Chattanooga - 506
  3. Lipscomb University - 530
  4. Belmont University - 532
  5. East Tennessee State University - 535
  6. Union University - 545
  7. Middle Tennessee State University - 589
  8. Tennessee State University - 626
  9. University of Tennessee at Knoxville - 663
  10. The University of Memphis - 670

Highest GMAT Scores in Tennessee

  1. Vanderbilt University - 687
  2. University of Tennessee at Martin - 673
  3. The University of Memphis - 670
  4. University of Tennessee at Knoxville - 663
  5. Tennessee State University - 626
  6. Middle Tennessee State University - 589
  7. Union University - 545
  8. East Tennessee State University - 535
  9. Belmont University - 532
  10. Lipscomb University - 530

No GMAT or GRE – Best MBA Programs in Tennessee

Rank University GMAT Online College Name Based In
1 Belmont University Optional No College of Business Administration Nashville, TN
2 Lipscomb University Optional No College of Business Nashville, TN
3 Tennessee Technological University Optional Yes College of Business Cookeville, TN

MBA Schools with the Most Alumni Tennessee?

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 Tennessee state’s MBA programs, the range for full-time enrollment is between 54 and 635. For part-time enrollment, the range is between : 31.00 and : 422.00.

Average Enrollment for In-Person MBA Programs

  • Lowest: 54 from Tennessee Technological University
  • Highest: 635 from The University of Memphis
  • Average: 211 from Tennessee’s 12 MBA Programs.
  • Average: 296 from 511 the nation’s campus MBA Programs.

Schools with the Lowest Student Enrollment in Tennessee

  1. The University of Memphis - 635
  2. University of Tennessee at Knoxville - 479
  3. Middle Tennessee State University - 210
  4. East Tennessee State University - 192
  5. University of Tennessee at Martin - 166
  6. Union University - 141
  7. Tennessee State University - 102
  8. Belmont University - 70
  9. Lipscomb University - 60
  10. Tennessee Technological University - 54

MBA Programs with the Highest Student Enrollment in Tennessee

  1. Tennessee Technological University - 54
  2. Lipscomb University - 60
  3. Belmont University - 70
  4. Tennessee State University - 102
  5. Union University - 141
  6. University of Tennessee at Martin - 166
  7. East Tennessee State University - 192
  8. Middle Tennessee State University - 210
  9. University of Tennessee at Knoxville - 479
  10. The University of Memphis - 635

What MBA Concentrations Available in Tennessee?

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 Tennessee businesses, MBA programs here have risen to the challenge by offering you an array of more than 32 MBA concentrations including:

  • Accounting: 12
  • Marketing: 11
  • General Business: 11
  • Management: 10
  • Finance: 10
  • Corporate Finance: 10
  • Economics: 9
  • Healthcare Administration: 7
  • Entrepreneurship: 6
  • Supply Chain: 6

What Schools Offer the Widest Variety of MBA Concentrations in Tennessee?

  • The University of Memphis: 19
  • Middle Tennessee State University: 16
  • Belmont University: 15
  • University of Tennessee at Knoxville: 14
  • Vanderbilt University: 14
  • Tennessee Technological University: 12
  • University of Tennessee at Chattanooga: 12
  • Lipscomb University: 10
  • East Tennessee State University: 10
  • Union University: 8

Cities Offering MBA Programs in Tennessee

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

  • Chattanooga
  • Cookeville
  • Jackson
  • Johnson City
  • Knoxville
  • Martin
  • Memphis
  • Murfreesboro
  • Nashville

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.

MBA Program Options Available in Tennessee

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

Tennessee has 12 Accredited MBA programs. 0 private and 8 public schools offering MBA programs.

Tennessee has 8 public schools and 0 private schools offering MBA degree programs.

12 Accredited MBA programs.  and 8 public schools offering MBA programs.

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

To meet the diverse needs of Tennessee businesses, MBA programs here have risen to the challenge by offering you an array of more than 32 MBA concentrations to specialize in.

Awards for MBA Programs in Tennessee

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 12 accredited MBA programs offered in Tennessee, 11 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.

Tennessee schools have earned a total of 21 Best MBA awards from publications. Here are the top MBA schools and the number of awards the each program has garnered:

  • Vanderbilt University: 7
  • University of Tennessee at Knoxville: 5
  • Union University: 1
  • The University of Memphis: 1
  • Tennessee Technological University: 1
  • Tennessee State University: 1
  • Middle Tennessee State University: 1
  • University of Tennessee at Martin: 1
  • University of Tennessee at Chattanooga: 1
  • East Tennessee State University: 1
  • Belmont University: 1

Publications and the number of awards granted for Tennessee schools:

  • MBAGuide: 11
  • US News: 2
  • Forbes: 2
  • BW: 2
  • FT: 1
  • Economist: 1

How We Rank the Best MBA Programs in Tennessee

MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.

Best MBA Programs by State: Online and In-Person

Alabama – Online | In-Person
Alaska – Online | In-Person
Arizona – Online | In-Person
Arkansas – Online | In-Person
California – Online | In-Person
Colorado – Online | In-Person
Connecticut – Online | In-Person
Delaware – Online | In-Person
Florida – Online | In-Person
Georgia – Online | In-Person
Hawaii – Online | In-Person
Idaho – Online | In-Person
Illinois – Online | In-Person
Indiana – Online | In-Person
Iowa – Online | In-Person
Kansas – Online | In-Person
Kentucky – Online | In-Person

Louisiana – Online | In-Person
Maine – Online | In-Person
Maryland – Online | In-Person
Massachusetts – Online | In-Person
Michigan – Online | In-Person
Minnesota – Online | In-Person
Mississippi – Online | In-Person
Missouri – Online | In-Person
Montana – Online | In-Person
Nebraska – Online | In-Person
Nevada – Online | In-Person
New Hampshire – Online | In-Person
New Jersey – Online | In-Person
New Mexico – Online | In-Person
New York – Online | In-Person
North Carolina – Online | In-Person
North Dakota – Online | In-Person

Ohio – Online | In-Person
Oklahoma – Online | In-Person
Oregon – Online | In-Person
Pennsylvania – Online | In-Person
Rhode Island – Online | In-Person
South Carolina – Online | In-Person
South Dakota – Online | In-Person
Tennessee – Online | In-Person
Texas – Online | In-Person
Utah – Online | In-Person
Vermont – Online | In-Person
Virginia – Online | In-Person
Washington – Online | In-Person
West Virginia – Online | In-Person
Wisconsin – Online | In-Person
Wyoming – Online | In-Person
District of Columbia – Online | In-Person

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.

Find: MBA Programs in Tennessee | Online MBA Programs in Tennessee Rankings: MBA Program Rankings | Online MBA Program Rankings Guides: Guide to Earning an Online MBA | Guide to Earning an MBA Concentrations: Online MBA Concentrations | Campus MBA Concentrations

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      MBA Program Rankings and Reports for All 50 States

  • Concentrations
    • Most AACSB Programs Offered

      • Finance – 430
      • Accounting – 444
      • Marketing – 405
      • Management – 433
      • Business Administration – 453
      • Information Systems – 274
      • Intl Business – 210
      • Entrepreneurship – 218
      • Economics – 220
      • Supply Chain – 200
      • Data Analytics – 309
      • Healthcare Admin – 144
      • Leadership – 92
      • Statistics – 16

      Best Graduate Salary

      • Business Analytics – $104,000
      • Consulting – $115,277
      • Energy – $92,959
      • E-Commerce – $94,850
      • Law – $90,536
      • Leadership – $88,232
      • Operations Mgmt – $92,419
      • Insurance – $80,528
      • Org. Behavior – $107,961
      • Real Estate – $97,485
      • Sports Mgmt – $78,406
      • Statistics – $103,112
      • Healthcare Mgmt – $85,206
      • Taxation –  $121,750

      Explore All 50 MBA Concentrations

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