Business Degree Schools in Arizona

The archetypal Southwestern state, Arizona is a land of enormous contrasts. Best known as a place with a desert climate, southern Arizona’s hot, dry weather has made it a retirement mecca in the last few decades. However, the north of the state gets cold enough to boast ski resorts. It is home to some of the most beautiful scenery in the world, including the breathtaking Grand Canyon. Its capital and largest city, Phoenix, has seen booming growth in recent years, due in part to it boasting 300 days of sunshine per year.

Relative to its above-median state population of over 7 million people—14th most in the US—Arizona has very few colleges. Statistics from the National Center for Educational Statistics (NCES) show only 15 public and non-profit schools that grant undergraduate and graduate business degrees in the state. Focusing on accredited schools reduces these numbers further: there are just 5 accredited undergraduate schools and only 5 at the graduate level. Despite narrowing down your options, accreditation is important to look for when searching for a college. It ensures that the school you select defines objectives for its programs and produces quality outcomes while adhering to national and international standards. Accredited business schools also typically offer a richer educational experience via interaction with real-world businesses.

All the schools in this article have been accredited by the Association to Advance Collegiate Schools of Business (AACSB), Accreditation Council for Business Schools and Programs (ACBSP), and/or International Accreditation Council for Business Education (IACBE). They are all public or non-profit and regionally accredited by the Higher Learning Commission (HLC).

This article contains all the essential data you need to help you choose the business school in Arizona that best suits your unique needs based on a variety of key factors; these include tuition costs, financial aid availability, entrance exam scores, acceptance rates, and more. The three sections that follow describe undergraduate programs, graduate schools, and the job prospects for business school graduates in Arizona.

Undergraduate Business Schools in Arizona

Arizona is another good state for those on a budget. Four of the 5 schools offering undergraduate business degrees in Arizona have nearly the same tuition costs, ranging from the least expensive, Arizona State University at $10,370, to the second most expensive in the state, the University of Arizona at $11,769. The fifth school, Grand Canyon University, is a little above these figures, but not by much: $17,050. The overall average cost is $12,127. Average financial aid for the 5 schools is $8,000.

We have acceptance rate data for 2 of our schools, which are nearly the same: 78% for Northern Arizona University and 79% for the University of Arizona. These same schools provided us with their graduation rates, which were 53% and 60%, respectively.

The table that follows shows you all the essential data you need about undergraduate business schools in Arizona, including annual in-state tuition costs, average aid per student, acceptance rates, SAT and ACT score ranges of accepted students, and graduation rates. Click any column header to sort the table based on its contents.

SchoolCityTuitionAidAccept. RateGrad. Rate
Arizona State UniversityTempe$10,370$10,621
Grand Canyon UniversityPhoenix$17,050$7,913
Northcentral UniversityPrescott Valley$10,680$3,543
Northern Arizona UniversityFlagstaff$10,764$8,52478%53%
University of ArizonaTucson$11,769$9,40079%60%

Graduate Business Schools in Arizona

As with the undergraduate schools, there are only 5 options for the graduate study of business in Arizona. The most expensive, at $70,000, is the Thunderbird School of Management in Glendale; Arizona State University and the University of Arizona are also “up there” at around $53,000 each. The economy option is Northern Arizona University at Flagstaff, which costs just $18,000. (We don’t have a tuition figure for Northern Arizona University – Yuma). GMAT figures for the four schools for which we have data range from 568 to 625.

There are two accredited online MBA programs in Arizona that may be worth looking into for those already in the workforce. Arizona State University offers a customizable online MBA that starts twice per year, and options for dual degree programs combining business with law or engineering. The University of Arizona’s Eller College of Management offers an online MBA with the flexibility of 5 start date options and concentrations in finance, management and organizations, management information systems, and marketing.

The table that follows shows graduate business school tuition costs, average accepted applicant GMAT scores, percentage of faculty with a doctorate degree, and student-to-faculty ratios. Click any column header to sort the table based on its contents.

SchoolCityTuitionAvg. GMATFaculty
with Doct.
Degree
Student/
Faculty
Arizona State UniversityTempe$53,24859490%1.96
Northern Arizona UniversityFlagstaff$17,97756862%0.57
Thunderbird School of ManagementGlendale$70,00062599%7.97
University of ArizonaTucson$53,60261288%2.35

Job Outlook for Business School Graduates in Arizona

Bureau of Labor Statistics (BLS) data predicts total growth of at least 5% in 32 of 37 business and management occupations across the US between 2016 and 2026. The highest growth will be for market analysts and marketing specialists, at 22.8% over ten years, with financial managers coming in second at 18.7%.

Arizona’s economy has generally tracked that of the nation for the last ten years or so. Its unemployment rate currently sits at 4.7%, which is historically low but above the US average of 4% at the time of writing. About 232,000 people were employed in the business and management sector in Arizona in 2016. The largest subgroup, by far, was general and operations managers at 50,370, with accountants and auditors a distant second at 19,300.

According to BLS data, Arizona ranked in the middle of the pack at 32nd among the 50 states and the District of Columbia for overall average annual wage across all occupations in 2016: $53,558 compared to a national average of $57,617. Business and management occupations had a weighted average annual salary of around $88,000 that year—on the low side compared to national averages, but much higher than the overall state average. As in most states, chief executives were the highest-paid category at nearly $185,000. Most management positions fell between $80,000 and $130,000. The lowest-paid category was tax preparers at $37,690.

Occupation TitleBLS.gov
Code
2016
Total
Employment
Arizona
Mean
Hourly
Wage
Arizona
Mean
Annual
Wage
Arizona
National
Growth
2016-26
Accountants and Auditors13-201119,300$33$69,3400.1
Administrative Services Managers11-30117,750$42$88,02010.1%
Advertising and Promotions Managers11-2011**$39$81,6505.8%
Agents and Managers of Performers and Athletes13-10110,110$22$46,0804.9%
Architectural and Engineering Managers11-90413,410$61$126,2005.5%
Budget Analysts13-20311,180$34$71,0206.5%
Business Operations Specialists13-119916,330$31$65,2908.8%
Chief Executives11-10117,170$89$184,6208.0%
Compensation and Benefits Managers11-31110,290$55$113,9505.0%
Compensation, Benefits, and Job Analysis Specialists13-11411,890$28$58,6708.5%
Compliance Officers13-10417,290$30$63,1408.2%
Computer and Information Systems Managers11-30217,000$65$134,93011.9%
Construction Managers11-90216,630$42$86,42011.4%
Cost Estimators13-10514,740$33$67,76010.6%
Credit Analysts13-20411,580$30$62,5108.4%
Credit Counselors13-20712,130$23$46,98013.9%
Financial Analysts13-20515,570$38$78,65010.8%
Financial Examiners13-2061870$39$81,2709.8%
Financial Managers11-303111,370$54$112,6800.187
General and Operations Managers11-102150,370$47$96,9209.1%
Human Resources Managers11-31213,010$46$96,6008.9%
Human Resources Specialists13-107110,060$28$59,1307.1%
Insurance Underwriters13-20531,680$37$76,740-5.2%
Labor Relations Specialists13-10750,430$33$69,650-7.8%
Loan Officers13-20728,480$34$71,16011.5%
Logisticians13-10812,500$35$72,9406.9%
Management Analysts13-111110,560$40$82,39012.0%
Market Research Analysts and Marketing Specialists13-11619,920$32$66,31022.8%
Marketing Managers11-20215,860$56$116,45010.0%
Meeting, Convention, and Event Planners13-11211,770$22$44,89010.2%
Public Relations and Fundraising Managers11-20311,290$48$99,69010.4%
Purchasing Managers11-30611,630$49$101,2705.6%
Sales Managers11-202211,100$53$109,4807.4%
Tax Examiners and Collectors, and Revenue Agents13-20810,360$37$76,390-0.6%
Tax Preparers13-20821,540$18$37,69010.8%
Training and Development Managers11-31311,010$46$96,25010.3%
Training and Development Specialists13-11517,530$29$60,58011.5%

Other Popular State Pages


References:
1. National Center for Education Statistics:https://nces.ed.gov/
2. AACSB, Best Business Schools:https://bestbizschools.aacsb.edu/aacsb-accredited
3. ACBSP, Business Schools:https://www.acbsp.org/page/accreditation
4. IACBE, Business Schools:http://iacbe.org/accreditation/
5. US Bureau of Labor Statistics – Occupational Outlook Handbook, Business and Financial Occupations: https://www.bls.gov/ooh/business-and-financial/home.htm
6. US Bureau of Labor Statistics – Employment and Wage Estimates Arizona: https://www.bls.gov/oes/current/oes_az.htm
7. US News & World Report, Best Business Schools: https://www.usnews.com/best-graduate-schools/top-business-schools