The University of Memphis Fogelman College of Business and Economics
Master's and MBA Programs in Business
Tuition, ROI, Graduate Salary, GMAT Requirements
$23,688
Average Tuition
$74,800
Average Starting Salary*
670
Average GMAT Scores
3,527
Average Student Enrollment
The University of Memphis
Fogelman College of Business and Economics
- 432 Fogelman Administration Building, Memphis, TN - 38152
Business School
Institution Control: Public- AACSB Accreditation: Business and Accounting
- Academic Year: Semester
- Full-Time Faculty: 92
Business Programs
Business Degrees & Concentrations: 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 and Taxation- Offered As: Campus, Evenings, Full-Time, Online, Part-Time and Weekends
Undergraduate School of Business
Undergrad Degrees Conferred: 501- In-State Tuition:
MBA Program Ranking(s)
Ranked by: MBAGuideMBA Tuition & Fees
In-State Tuition: $23,688Enrollment
Full-time, All: 3,527Average GMAT Score
Average GMAT MBA: 670Student / Faculty Ratio
Institution: 18:1Average Starting Salary
Graduate Salary*: $74,800Award Levels
Award Levels Offered: Doctoral, Master, MBA and UndergraduateSocial Links
Facebook, Linkedin and TwitterGMAT Requirements
GMAT Required* (yes, no, optional, recommended): YesMBAGuide Rankings
Program Rankings:
Compare The University of Memphis's Tuition, Salary, ROI, Student / Faculty Ratio, Enrollment (Alumni) and GMAT Requirements
Compare how the MBA program at The University of Memphis measures up against Tennessee, 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 | The University of Memphis | Online | Tennessee |
|---|---|---|---|
| Tuition | $23,688 | $37,225 | $39,976 |
| Salary | $74,800 | $79,354 | $84,826 |
| ROI | 216% | 196% | 242% |
| S/F Ratio | 21:1 | 17:1 | 16:1 |
| Enrollment | 3527 | 2,654 | 2,276 |
| GMAT | GMAT Required: Yes
Average GMAT Score: 670 |
561 | 583 |
Compare Average MBA Tuition
In Tennessee the most affordable MBA program is $9,452 and the most expensive is $131,000. The average tuition cost in the state is $39,976. Currently, the average in-state MBA tuition for The University of Memphis is $23,688.
| Comparison Group | MBA Tuition Averages |
|---|---|
| The University of Memphis | $23,688 |
| Tennessee Average | $39,976 |
| Online Average | $37,225 |
| National Average | $42,573 |
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- The University of Memphis average in-state tuition is $23,688
- The average Tennessee in-state MBA tuition is $39,976
- 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 Tennessee is $9,452 while the most expensive online program is $54,000. The average online tuition for Tennessee programs is $25,393. Research the most affordable AACSB online MBA programs across the nation.
- The University of Memphis's average in-state tuition is $23,688
- Tennessee average in-state tuition is $25,393
- 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 Tennessee is $139,711 and the lowest is $52,400. The average graduate MBA salary in the state is $84,826. Currently, the average MBA graduate salary for The University of Memphis is estimated to be $74,800.
| Comparison Group | Graduate MBA Salary Averages |
|---|---|
| The University of Memphis | $74,800 |
| Tennessee Average | $84,826 |
| 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 Tennessee, the highest average graduate salary1 is $107,108 and the lowest is $52,400. The average graduate MBA salary in the state is $79,120. Currently, the average MBA graduate salary for The University of Memphis is estimated to be $74,800.
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- Tennessee average for online MBA starting salary is $79,120
- 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 Tennessee is 1,033% and the lowest is 7%. The average graduate MBA ROI in the state is 242%. Currently, the average MBA graduate ROI for The University of Memphis is estimated to be 216%.
| Comparison Group | Graduate MBA ROI Averages |
|---|---|
| The University of Memphis | 216% |
| Tennessee Average | 242% |
| 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 Tennessee, the highest average graduate ROI1 is 1,033% and the lowest is 24%. The average graduate MBA ROI in the state is 325%. Currently, the average MBA graduate ROI for The University of Memphis is estimated to be 216%.
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- Tennessee average for online MBA starting ROI is 325%
- 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 Tennessee ranges between a low of 6:1 to a high of 22:1 with an average Student Faculty Ratio of 16:1. Currently, The University of Memphis has an average student-to-faculty ratio for its MBA program of 21:1.
| Comparison Group | Average Student to Faculty Ratios |
|---|---|
| The University of Memphis | 21:1 |
| Tennessee Average | 16:1 |
| Online Average | 17:1 |
| National Average | 16:1 |
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- The University of Memphis Average Student Faculty Ratio: 21:1
- Tennessee Student Faculty Ratio: 16:1
- 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 Tennessee, the average business school enrollment ranges between a low of 327 to a high of 9,151 with an average of 2,276. Currently, The University of Memphis average school enrollment is 3527.
| Comparison Group | Average Business School Enrollment / Alumni |
|---|---|
| The University of Memphis | 3527 |
| Tennessee Average | 2,276 |
| Online Average | 2,654 |
| National Average | 2,533 |
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- The University of Memphis Average School Enrollment: 3527
- Tennessee's Average School Enrollment: 2,276
- 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 Tennessee ranges between a low of 440 to a high of 687 with an average of 583. At the present time, The University of Memphis average GMAT score for its MBA program is 670.
| Comparison Group | Average GMAT Scores |
|---|---|
| The University of Memphis | 670 |
| Tennessee Average | 583 |
| Online Average | 561 |
| National Average | 567 |
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- The University of Memphis Average GMAT: 670
- Tennessee's Average GMAT Scores: 583
- 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
Tennessee Schools Offering Online MBA Degrees
- Union University
- The University of Memphis
- Tennessee Technological University
- Tennessee State University
- Middle Tennessee State University
- University of Tennessee at Martin
- East Tennessee State University
- University of Tennessee at Knoxville
Tennessee Schools Offering both Campus and Online MBA Degrees
Find the best ranked MBA programs in Tennessee and also find the best best online MBA programs accepting Tennessee students.
- Lipscomb University
- Union University
- The University of Memphis
- Tennessee Technological University
- Tennessee State University
- Middle Tennessee State University
- University of Tennessee at Martin
- University of Tennessee at Chattanooga
- East Tennessee State University
- University of Tennessee at Knoxville
- Belmont University
- Vanderbilt University
Cities in Tennessee 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.
.The University of Memphis Fogelman College of Business and Economics Summary
In-state tuition and fees for the MBA program at Fogelman College of Business and Economics is $23,688. Of all MBA programs offered in Tennessee, the average cost for in-state tuition and fees is $39,976 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 Fogelman College of Business and Economics is 670 while the average GMAT score to for MBA schools in Tennessee is 583.00, 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 $74,800.
Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 216%
The average in-state tuition you can expect to pay is about $23,688, and the average GMAT score for acceptance in their program is 670.
After graduating, the school reports that the average graduate salary is $74,800. Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 216%
Programs are offered as: Campus, Evenings, Full-Time, Online, Part-Time and Weekends.
The school is ranked by: The University of Memphis's MBA program is accredited by the AACSB and is ranked by the following publications: MBAGuide
| Averages | The University of Memphis | Online | Tennessee |
|---|---|---|---|
| Tuition | $23,688 | $37,225 | $39,976 |
| Salary | $74,800 | $79,354 | $84,826 |
| ROI | 216% | 196% | 242% |
| S/F Ratio | 21:1 | 17:1 | 16:1 |
| Enrollment | 3527 | 2,654 | 2,276 |
| GMAT | GMAT Required: Yes
Average GMAT Score: 670 |
561 | 583 |
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.