Business Schools in Connecticut
Explore business school options in Connecticut. This article contains essential data to help you choose the Connecticut business school that best suits your unique needs based on a variety of key factors: tuition, financial aid, entrance exam scores, acceptance rates, and more. The three sections that follow describe undergraduate programs, graduate schools, and job prospects for business school graduates in Connecticut.
All of the schools shown below 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). The school are also all public or non-profit and must be regionally accredited by the New England Association of Schools and Colleges (NEASC).
Starting with data pulled from the National Center for Educational Statistics (NCES) statistics, we know there are only 19 public and non-profit schools that grant undergraduate and graduate business degrees in Connecticut. Of the 19 schools, 13 are business accredited. The other six programs listed by NCES are not business accredited, so we have excluded them from our list.
As with all states, we strongly recommend choosing an accredited business degree, as this provides assurance that the program you select has clear objectives and that it has proven that it produces quality outcomes while adhering to national and international standards. Accredited schools also typically offer a richer educational experience via interaction with actual businesses.
Undergraduate Business Schools in Connecticut
What Connecticut lacks in quantity of business schools it makes up for in quality. It boasts a number of very highly regarded colleges, including Yale University, a perpetual resident of top 20 business school lists. Unfortunately, this high quality comes at a cost, which is further exacerbated by the state’s location in a relatively expensive part of the country. Its undergraduate business programs are among the priciest in the nation, with an overall average tuition cost of just below $28,000. There is however two very affordable accredited community colleges—Three Rivers Community College and Tunxis Community College at $4,200 each—without which the average jumps to over $32,000. Three schools fall in roughly the $10,000 to $17,000 range, but the remaining eight are all over $30,000, led by Yale at $49,480.
We were able to obtain acceptance rate data for 10 of our 13 schools, and they tend to be average overall (56%). The lowest, by a wide margin, is Yale at 6%, one of the very lowest numbers in the nation. The next lowest rate is a much higher 41% at Post University, and with Yale excluded, the average jumps to a more encouraging 62%. Seven of the 10 schools are over 55%, with the highest acceptance rate at the University of New Haven.
Graduation rates for undergraduate business degrees in Connecticut are mostly good, which reflects the general trend that better schools usually have better graduation rates. The 10 schools for which we have data average out at 65%, with the highest Yale’s very impressive 97.8% figure. All of the schools but one are over 50% (the University of Bridgeport is at around 29%). Quinnipiac University, nationally famous for its Polling Institute, has the best combination of acceptance rate (76%) and graduation rate (78%) in the state.
The table that follows shows you all the important data you need about undergraduate business schools in Connecticut, 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.
|School||City||Tuition||Aid||Median SAT||Median ACT||Accept. Rate||Grad. Rate|
|Albertus Magnus College||New Haven||$30,526||$12,888||52%|
|Central Connecticut State University||New Britain||$9,741||$6,211||900-1100||19-24||60%||54%|
|Sacred Heart University||Fairfield||$38,300||$15,984||57%||61%|
|Three Rivers Community College||Norwich||$4,208||$4,376|
|Tunxis Community College||Farmington||$4,208||$4,154|
|University of Bridgeport||Bridgeport||$31,630||$23,098||840-1010||18-23||58%||29%|
|University of Connecticut||Storrs||$14,066||$11,145||1120-1340||26-31||49%||82%|
|University of Hartford||West Hartford||$37,790||$19,919||920-1160||20-26||72%||60%|
|University of New Haven||West Haven||$37,060||$18,945||930-1140||20-26||81%||56%|
|Yale University||New Haven||$49,480||$46,175||1420-1600||32-35||6%||98%|
Graduate Business Schools in Connecticut
We have data on nine accredited schools for graduate business study in Connecticut. Interestingly, Connecticut graduate business schools don’t tend to be as expensive as their undergraduate counterparts when compared to other states. Using program data sourced from the AACSB, ACBSP, and IACBE, we found the overall average is about $37,500, which certainly isn’t cheap, but is not as much above most other states’ figures as the undergraduate number. Furthermore, there are no “six-figure schools” in Connecticut—not even Yale, which does lead the list in terms of cost but with a (relatively) reasonable figure of just below $67,000. The least expensive school is Central Connecticut State University at around $18,000. The other seven schools range from $25,000 to $50,000.
We have average admission GMAT scores for seven of our schools. Six of these range from 463 to 630, which is pretty typical. Yale University’s average GMAT score is 730, as befits its top-tier status. (By way of comparison, Harvard’s number is 731.) Six schools provided data on the percentage of full-time faculty with doctorate degrees, all of which are between 80% and 90% except for the University of Hartford at 75%.
To keep advancing your career while enhancing your education, you may also want to consider one of the online MBA programs in Connecticut. Consistent with the trends mentioned above, there aren’t a lot of options here, but the three online programs that the state does offer are good ones.
The table that follows shows graduate business school tuition costs, average accepted applicant GMAT scores, the percentage of faculty with a doctorate degree, and student-to-faculty ratios. Click any column header to sort the table based on its contents.
|Central Connecticut State University||New Britain||$17,658||630||83%||0.2|
|Sacred Heart University||Fairfield||$33,660||463||84%||0.37|
|University of Bridgeport||Bridgeport||$29,340|
|University of Connecticut||Storrs||$28,283||577||87%||5.34|
|University of Hartford||West Hartford||$25,020||75%|
|University of New Haven||West Haven||$41,202||468||82%||0.1|
|Yale University||New Haven||$66,650||730|
Job Outlook for Business Graduates in Connecticut
During the decade from 2016 to 2026, Bureau of Labor Statistics (BLS) data predicts total growth of at least 5% in 32 of 37 business and management occupations across the US. 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%.
Connecticut’s economic fortunes have roughly paralleled those of the nation as a whole over the last 20 years or so. The state fared reasonably well in the Great Recession, with unemployment peaking at 9.3% in late 2010. Like other states, its rate has been steadily falling since, though it has now leveled off at around 4.5%, a few points above the national average. Roughly 158,000 people were employed in the business and management sector in Connecticut in 2016. The largest subgroup was general and operations managers at 31,660, more than double the size of the next-largest group, financial managers at 15,280. Third place went to accountants and auditors at 14,490; all other groups employed fewer than 10,000 people.
According to BLS data, the overall average annual wage in 2016 across all occupations in Connecticut was $73,433, which puts the state in the top 10 at 7th out of 51 (including the District of Columbia). Business and management occupations had a weighted average annual salary of around $117,000 in the same year. Chief executives led the way at $210,000 per year, with most management positions between $105,000 and $160,000. The lowest-paid of the groups for which we have data was tax preparers at $46,350. (An average salary figure was not available for agents and business managers of artists, performers, and athletes.)
|Accountants and Auditors||13-2011||14,490||$39||$82,040||10.0%|
|Administrative Services Managers||11-3011||4,190||$52||$108,540||10.1%|
|Advertising and Promotions Managers||11-2011||270||$55||$113,860||5.8%|
|Agents and Managers of Artists and Athletes||13-1011||120||$00||$00||4.9%|
|Architectural and Engineering Managers||11-9041||3,410||$72||$149,140||5.5%|
|Business Operations Specialists||13-1199||7,680||$36||$75,400||8.8%|
|Compensation and Benefits Managers||11-3111||310||$72||$148,990||5.0%|
|Compensation and Job Analysis Specialists||13-1141||1,060||$36||$75,710||8.5%|
|Information Systems Managers||11-3021||8,060||$71||$147,740||11.9%|
|General and Operations Managers||11-1021||31,660||$71||$147,770||9.1%|
|Human Resources Managers||11-3121||2,380||$65||$136,120||8.9%|
|Human Resources Specialists||13-1071||5,910||$33||$68,250||7.1%|
|Labor Relations Specialists||13-1075||1,560||$30||$62,900||-7.8%|
|Market Analysts and Marketing Specialists||13-1161||7,210||$37||$76,040||22.8%|
|Meeting, Convention, and Event Planners||13-1121||670||$29||$59,650||10.2%|
|Public Relations Managers||11-2031||980||$59||$121,780||10.4%|
|Tax Examiners and Revenue Agents||13-2081||990||$40||$83,920||-0.6%|
|Training and Development Managers||11-3131||790||$61||$126,990||10.3%|
|Training and Development Specialists||13-1151||3,370||$35||$73,010||11.5%|
1. National Center for Education Statistics: https://nces.ed.gov/
2. AACSB, Best Business Schools: https://bestbizschools.aacsb.edu/
3. ACBSP, Business Schools: https://www.acbsp.org/
4. IACBE, Business Schools: http://iacbe.org/
5. New England Association of Schools and Colleges: https://www.neasc.org/
6. US Bureau of Labor Statistics, Occupational Employment and Wage Estimates, Connecticut: https://www.bls.gov/oes/current/oes_ct.htm
7. Office of Higher Education: https://www.ctohe.org/
8. US News & World Report: https://www.usnews.com/best-graduate-schools/top-business-schools