Popular Sections for Minnesota Online MBA Students
Interactive Table | Best MBAs Detail | Tuition | Salary | ROI | Average GMAT | No GMAT / GRE | How We Rank
Executive Summary Online MBA Programs in Minnesota for 2025
$46,940
Average Online MBA Tuition in Minnesota
$93,860
Average Starting Salary for Online MBA Students in Minnesota
623
Average Online GMAT Scores in Minnesota
2,281
Average Online Student Enrollment in Minnesota
Key Highlights:
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- Comprehensive comparisons and data about tuition fees, average starting salaries, GMAT scores, and enrollment statistics for MBA programs in Minnesota.
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- Detailed profiles of MBA programs in Minnesota, their strengths, unique specializations, faculty expertise, and alumni networks are included to help align your study choice with your career ambitions.
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- Insights into Minnesota'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 Minnesota
Minnesota is recognized for its strong presence in healthcare, with industry giants such as Mayo Clinic and Medtronic headquartered in the state. An MBA with a specialization in Healthcare Management could be particularly advantageous for students looking to excel in this sector.
The state is also known for its robust retail sector, with industry-leading companies like Target and Best Buy. An MBA with a focus on Retail Management or Marketing can provide graduates with competitive skills.
Furthermore, Minnesota is home to a burgeoning tech industry, particularly in areas of medical technology and software development. An MBA concentration in Technology Management or Information Systems could be particularly beneficial.
Finally, Minnesota's agricultural industry remains a significant part of its economy, making an MBA with a focus on Agribusiness or Supply Chain Management relevant.
| Major Industries in Minnesota | Relevance to MBA Students |
|---|---|
| Healthcare | An MBA in Healthcare Management would be beneficial for students interested in this sector. |
| Retail | An MBA focused on Retail Management or Marketing can provide competitive skills. |
| Technology | An MBA concentration in Technology Management or Information Systems could be beneficial. |
| Agriculture | An MBA focused on Agribusiness or Supply Chain Management could be valuable. |
| Top Hiring Companies in Minnesota | Why Work There |
|---|---|
| Mayo Clinic | A world-renowned healthcare institution offering roles in healthcare management. |
| Target | Opportunities in retail management, marketing, and strategic planning. |
| Medtronic | A global leader in medical technology offering roles in technology management and operations. |
| Best Buy | Retail giant providing opportunities in marketing, management, and business strategy. |
| Cargill | An international agribusiness with roles in supply chain management, operations, and strategy. |
Sortable Table of the Top AACSB Accredited MBA Programs in Minnesota
Easily sort the interactive table below by Rank, School Name, ROI, Tuition, Average Starting Salary, and Campus or Online to find and to compare MBA programs in Minnesota. Click on any school for a comprehensive school profile.
| Rank | University | Avg. Graduate ROI | Avg. In State Tuition | Avg. Starting Salary | State | Campus and Online |
|---|---|---|---|---|---|---|
| 1 | University of St. Thomas-Minnesota | 67.00% | $61,596 | $102,900 | MN | Yes |
| 2 | University of Minnesota | 36.00% | $89,402 | $121,882 | MN | Yes |
| 3 | Minnesota State University Moorhead | 224.00% | $26,220 | $85,000 | MN | Yes |
| 4 | Minnesota State University, Mankato | 173.00% | $28,512 | $77,720 | MN | Yes |
| 5 | St. Cloud State University | 182.00% | $28,969 | $81,800 | MN | Yes |
10 Best Ranked MBA Programs in Minnesota
University of St. Thomas-Minnesota
Opus College of Business
Location:
- Minneapolis
,
- MN
Control: Private
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- Accounting
- Communications
- Corporate Finance
- Data Analytics
- E-Commerce
- Entrepreneurship
- Finance
- General Business
- Global Management
- Healthcare Administration
- Human Resources
- Insurance
- International Business
- Law
- Management
- Marketing
- Operations Management
- Real Estate
- Supply Chain
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
University of Minnesota
Carlson School of Management
Location:
- Minneapolis
,
- MN
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Online
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- Accounting
- Corporate Finance
- Finance
- General Business
- Human Resources
- Information Systems
- Marketing
- Operations Management
- Taxation
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Minnesota State University Moorhead
College of Business and Innovation
Location:
- Moorhead
,
- MN
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Full-Time
- ·
- Online
- Accounting
- Corporate Finance
- Data Analytics
- Finance
- General Business
- Insurance
- Other
- Product Management
- Project Management
- Supply Chain
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Minnesota State University, Mankato
College of Business
Location:
- Mankato
,
- MN
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- 1-Year
- ·
- Campus
- ·
- Evenings
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- E-Commerce
- General Business
- Science and Technology
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Winona State University
College of Business
Location:
- Winona
,
- MN
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- Master
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Full-Time
- ·
- Online
- Accounting
- Engineering
- Management
- Science and Technology
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
St. Cloud State University
Herberger Business School
Location:
- Saint Cloud
,
- MN
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- Accounting
- Corporate Finance
- Entrepreneurship
- Finance
- General Business
- Information Systems
- Insurance
- Management
- Marketing
- Real Estate
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Compare Online MBA Program Averages in 2025
Minnesota, the U.S. and Online
| Averages | Online MBA Programs | Minnesota MBA Programs | MBA Programs Nationwide |
|---|---|---|---|
| Average MBA Tuition | $37,225 | $44,750 | $42,573 |
| Average Graduate Salary | $79,354 | $93,709 | $82,899 |
| Average ROI | 196% | 143% | 185% |
| Average GMAT Scores | 561 | 606 | 567 |
| Average Full-Time Faculty | 72 | 67 | 72 |
| Average Student Faculty Ratio | 17:1 | 19:1 | 16:1 |
| Average Business School Enrollment | 2,654 | 2,179 | 2,533 |
What is the Average Tuition for Online MBA Programs in Minnesota?
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.
An Online MBA program from an institution in Minnesota will cost you between $26,220 from Minnesota State University Moorhead and $89,402 from University of Minnesota. The average cost of online MBA programs within Minnesota is $46,940.
While the average in-person MBA program in Minnesota will cost about $44,750, the least expensive MBA program is $26,220 from Minnesota State University Moorhead, and the most expensive is $89,402 from University of Minnesota.
Average Tuition for Online MBA Programs
Average: $46,940 from Minnesota’s 5 online MBA Programs
Lowest online: $26,220 from Minnesota State University Moorhead
Highest online: $89,402 from University of Minnesota
Average Tuition for In-Person MBA Programs
Average: $44,750 from Minnesota’s 6 in-person MBA Programs
Lowest in-person: $26,220 from Minnesota State University Moorhead
Highest in-person: $89,402 from University of Minnesota
Most Affordable Online MBAs in Minnesota
- Minnesota State University Moorhead - $26,220.00
- Minnesota State University, Mankato - $28,512.00
- St. Cloud State University - $28,969.00
- University of St. Thomas-Minnesota - $61,596.00
- University of Minnesota - $89,402.00
Most Expensive Online MBAs in Minnesota
- University of Minnesota - $89,402.00
- University of St. Thomas-Minnesota - $61,596.00
- St. Cloud State University - $28,969.00
- Minnesota State University, Mankato - $28,512.00
- Minnesota State University Moorhead - $26,220.00
What is the Average Graduate Salary for Online MBA Programs in Minnesota?
The average starting salary for graduates of an online MBA program from an institution in Minnesota is between $77,720 from Minnesota State University, Mankato and $121,882 from University of Minnesota. The average starting MBA salary for graduates of online MBA programs within Minnesota is $93,860.
While the average starting salary for graduates of an in-person MBA program in Minnesota is about $93,709, the lowest average MBA starting salary is $77,720 from Minnesota State University, Mankato, and the highest average MBA starting salary is $121,882 from University of Minnesota.
Average Graduate Salaries for Online MBA Programs
- Average: $93,860 from Minnesota’s 5 Online MBA Programs
- Lowest Online: $77,720 from Minnesota State University, Mankato
- Highest Online: $121,882 from University of Minnesota
Average Graduate Salaries for In-Person MBA Programs
- Average: $93,709 from Minnesota’s 6 In-Person MBA Programs
- Lowest In-Person: $77,720 from Minnesota State University, Mankato
- Highest In-Person:$121,882 from University of Minnesota
Schools with the Highest Online Graduate MBA Salaries in Minnesota
- University of Minnesota - $121,882.00
- University of St. Thomas-Minnesota - $102,900.00
- Minnesota State University Moorhead - $85,000.00
- St. Cloud State University - $81,800.00
- Minnesota State University, Mankato - $77,720.00
Schools with the Lowest Online Graduate MBA Salaries in Minnesota
- Minnesota State University, Mankato - $77,720.00
- St. Cloud State University - $81,800.00
- Minnesota State University Moorhead - $85,000.00
- University of St. Thomas-Minnesota - $102,900.00
- University of Minnesota - $121,882.00
What is the Average ROI for Online MBA Programs in Minnesota?
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.
The ROI from Online MBA programs in Minnesota range between 36% from University of Minnesota and 224% from Minnesota State University Moorhead. The average ROI of online MBA programs within Minnesota is 136%.
While the average in-person MBA program ROI from Minnesota is 143%, the lowest ROI is 36% from University of Minnesota, and the best ROI is 224% from Minnesota State University Moorhead.
Online ROI for MBA Programs
- Average: 136% from Minnesota’s 5 online MBA Programs
- Lowest online: 36% from University of Minnesota
- Highest online: 224% from Minnesota State University Moorhead
In-Person ROI for MBA Programs
- Average: 143% from Minnesota’s 6 in-person MBA Programs
- Lowest in-person: 36% from University of Minnesota
- Highest in-person: 224% from Minnesota State University Moorhead
Highest ROI for Online MBA Programs in Minnesota
- Minnesota State University Moorhead - 224.00%
- St. Cloud State University - 182.00%
- Minnesota State University, Mankato - 173.00%
- University of St. Thomas-Minnesota - 67.00%
- University of Minnesota - 36.00%
Lowest ROI for Online MBA Programs in Minnesota
- University of Minnesota - 36.00%
- University of St. Thomas-Minnesota - 67.00%
- Minnesota State University, Mankato - 173.00%
- St. Cloud State University - 182.00%
- Minnesota State University Moorhead - 224.00%
What is the Average GMAT Score Needed for an Online MBA Program in Minnesota?
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.
The average GMAT score needed for an online MBA program from an institution in Minnesota is between 519 from St. Cloud State University to 682 from University of Minnesota. The average GMAT scored for online MBA programs within Minnesota is 623.
While the average GMAT score needed for in-person MBA program in Minnesota is 606, the lowest average GMAT score is for an MBA program is 519 from St. Cloud State University, and the highest GMAT score needed is 682 from University of Minnesota.
Average GMAT Score for Online MBA Programs
- Average: 623 from Minnesota’s 5 online MBA Programs
- Lowest online: 519 from St. Cloud State University
- Highest online: 682 from University of Minnesota
Average GMAT Score for In-Person MBA Programs
- Average: 606 from Minnesota’s 6 in-person MBA Programs
- Lowest in-person: 519 from St. Cloud State University
- Highest in-person: 682 from University of Minnesota
Lowest GMAT Scores for Online MBA Programs in Minnesota
Highest GMAT Scores for Online MBA Programs in Minnesota
No GMAT or GRE – Best Online MBA Programs in Minnesota
Online MBA Schools with the Most Alumni Minnesota?
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 Minnesota state’s MBA programs, the range for full-time enrollment is between 11 and 455. For part-time enrollment, the range is between : 54.00 and : 713.00.
Average Enrollment for Online MBA Programs
- Lowest: 11 from Minnesota State University Moorhead
- Highest: 455 from University of Minnesota
- Average: 241 from Minnesota’s 5 MBA Programs.
- Average: 287 from 392 nation’s online MBA Programs.
Average Enrollment for In-Person MBA Programs
- Lowest: 11 from Minnesota State University Moorhead
- Highest: 455 from University of Minnesota
- Average: 188 from Minnesota’s 6 MBA Programs.
- Average: 296 from 511 the nation’s campus MBA Programs.
Online MBA Programs with the Lowest Student Enrollment in Minnesota
Online MBA Programs with the Highest Student Enrollment in Minnesota
What Online MBA Concentrations Available in Minnesota?
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 Minnesota businesses, MBA programs here have risen to the challenge by offering you an array of more than 26 MBA concentrations including:
- General Business: 5
- Accounting: 4
- Finance: 4
- Corporate Finance: 4
- Marketing: 3
- Insurance: 3
- Entrepreneurship: 2
- E-Commerce: 2
- Supply Chain: 2
- Real Estate: 2
What Online Schools Offer the Widest Variety of MBA Concentrations in Minnesota?
- University of St. Thomas-Minnesota: 19
- Minnesota State University Moorhead: 10
- St. Cloud State University: 10
- University of Minnesota: 9
- Minnesota State University, Mankato: 3
Cities Offering Online MBA Programs in Minnesota
Looking for a particular city in Minnesota with an accredited MBA program? Research and compare MBA programs from other cities in Minnesota. Find online programs, programs by concentration, by average GMAT score and more.
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 Minnesota
Options for earning your MBA in Minnesota have never been more flexible. Minnesota MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.
Minnesota has : 6 Accredited MBA programs. 25 private and : 5 public schools offering MBA programs.
Minnesota has : 5 public schools and : 0 private schools offering MBA degree programs.
: 6 Accredited MBA programs. and : 5 public schools offering MBA programs.
Minnesota schools offer 10 different paths to earn your MBA in Minnesota including Campus, Full-Time, Evenings, Online, Part-Time, Weekends, Off Campus, 1-Year, Distance Education and Partnership.
To meet the diverse needs of Minnesota businesses, MBA programs here have risen to the challenge by offering you an array of more than 26 MBA concentrations to specialize in.
Awards for Online MBA Programs in Minnesota
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 Minnesota, 6 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.
Minnesota schools have earned a total of 12 Best MBA awards from publications. Here are the top MBA schools and the number of awards the each program has garnered:
- University of Minnesota: 7
- University of St. Thomas-Minnesota: 1
- Minnesota State University, Mankato: 1
- Minnesota State University Moorhead: 1
- St. Cloud State University: 1
- University of Minnesota Duluth: 1
Publications and the number of awards granted for Minnesota schools:
- MBAGuide: 6
- US News: 1
- Forbes: 1
- BW: 1
- FT: 1
- Economist: 1
How We Rank the Best Online MBA Programs in Minnesota
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 Minnesota | Online MBA Programs in Minnesota 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