Business Degree Schools in Iowa

Iowa has a range of options for getting a business degree at either the undergraduate or graduate level. According to the National Center for Educational Statistics (NCES), of the 56 public and non-profit schools in the state, 8 have business degree programs accredited by the Association to Advance Collegiate Schools of Business (AACSB), Accreditation Council for Business Schools and Programs (ACBSP), or International Accreditation Council for Business Education (IACBE). All of the schools listed below are public or not-for-profit and regionally accredited by the Higher Learning Commission (HLC).

On this page, you can find all of the information needed to decide on a school based on a variety of essential criteria, such as tuition costs, financial aid amounts, average entrance exam scores, acceptance rates, and more.

Undergraduate Business Schools in Iowa

The NCES reports that there are 35 public and non-profit schools in the state granting undergraduate degrees in business. Of these, 8 offer undergraduate business programs that are accredited by the AACSB, ACBSP, or IACBE. The other twenty-seven programs listed by NCES are not business accredited, so we have excluded them from our list.

The average in-state undergraduate program cost for schools on our list before financial aid is $18,862. The most affordable institution in Iowa is The Des Moines Area Community College, Ankeny, with fees of approximately $4,410 and an average of over $3,602 offered in financial aid per student. These figures put Des Moines Area Community College well below the average cost of in-state undergraduate business programs.

The Maharishi University of Management has the lowest acceptance rate of the schools on our list, with just 51% of applicants accepted. Conversely, Iowa State University has the highest acceptance rate, at 87%. Drake University has the state’s highest six-year graduation rate: 76.8%. The schools with the next highest rates are the University of Northern Iowa, the University of Iowa, and Iowa State University at 65%, 71%, and 74% respectively.

The below table includes of accredited undergraduate business schools containing essential data, including in-state tuition costs, aid received per student, acceptance rates, median SAT and ACT scores, and graduation rates. You can click on any column header to sort the table based on its values.

SchoolCityTuitionAidMedian SATMedian ACTAccept. RateGrad. Rate
Des Moines Area Community CollegeAnkeny$4,410$3,602
Drake UniversityDes Moines$35,206$18,2001050-134025-3069%77%
Iowa State UniversityAmes$8,219$6,663980-127022-2887%74%
Maharishi University of ManagementFairfield$27,530$17,12151%58%
Northwestern CollegeOrange City$29,500$19,371915-117021-2866%64%
St. Ambrose UniversityDavenport$29,150$15,56820-2564%63%
University of IowaIowa City$8,575$8,8001020-132023-2884%72%
University of Northern IowaCedar Falls$8,309$5,401885-122020-2583%65%

Graduate Business Schools in Iowa

Using data compiled from the AACSB, ACBSP, and IACBE agencies there are 22 accredited and non-profit options for obtaining an MBA or equivalent in Iowa.
We have average admission GMAT scores for 4 of the five schools, which are clustered pretty tightly, ranging from 518 at Drake University to 610 at Iowa State University. Schools have a percentage of full-time faculty with doctorate degrees ranging from 21.7% to 86.4%.

If you want to continue working while adding some education to enhance your career, there are several online MBA programs in Iowa available. One of these is East Carolina University, which has had an online MBA program since 2004 and has very reasonable acceptance requirements. On the higher end, the Maharishi University of Management has a well-regarded online MBA, with several available concentrations for study, quarterly program start times, and impressive success rates for students.

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

SchoolCityTuitionAvg. GMATFaculty
with Doct.
Degree
Student/
Faculty
Drake UniversityDes Moines$25,08251877.6%2.46
Iowa State UniversityAmes$21,90461086.4%1.87
Maharishi University of ManagementFairfield$31,750
University of IowaIowa City$45,16258721.7%1.48
University of Northern IowaCedar Falls$22,27056384.2%0.33
St. Ambrose UniversityDavenport$32,616

Job Outlook for Business School Graduates in Iowa

Roughly 111,000 people were employed in the business and management sector in Iowa in 2016. The largest subgroup was general and operations managers at 24,290, more than double the size of the next-largest group, accountants and auditors at 9,930. Third place went to business operations specialists at 9,860; all other groups employed fewer than 9,000 people.

According to BLS data, the overall average annual wage in 2016 across all occupations in Iowa was $81,978. Architectural and Engineering Managers had a weighted average annual salary of around $125,000 in the same year. Chief executives led the way at $179,530 per year, with most management positions between $87,270 and $106,200.

Occupation TitleBLS.gov
Code
2016
Total
Employment
Iowa
Mean
Hourly
Wage
Iowa
Mean
Annual
Wage
Iowa
National
Growth
2016-26
Accountants and Auditors13-20119,930$32$66,50010.0%
Administrative Services Managers11-30112,100$43$88,61010.1%
Advertising and Promotions Managers11-2011200$46$95,3705.8%
Architectural and Engineering Managers11-90411,670$60$125,6905.5%
Budget Analysts13-2031270$34$71,2806.5%
Business Operations Specialists13-11999,860$30$63,3108.8%
Chief Executives11-10111,710$86$179,5308.0%
Compensation and Benefits Managers11-3111120$51$106,2005.0%
Compensation, and Benefits Specialists13-1141530$32$65,5108.5%
Compliance Officers13-10412,100$30$62,8508.2%
Construction Managers11-90213,030$41$84,31011.4%
Cost Estimators13-10511,930$31$63,89010.6%
Credit Analysts13-20411,060$34$70,5308.4%
Credit Counselors13-2071710$19$40,28013.9%
Financial Analysts13-20511,930$38$78,45010.8%
Financial Examiners13-2061810$38$79,7509.8%
Financial Managers11-30318,780$54$113,0300.187
General and Operations Managers11-102124,390$47$96,7809.1%
Human Resources Managers11-31211,570$50$102,9908.9%
Human Resources Specialists13-10714800$27$56,0107.1%
Information Systems Managers11-30213,690$59$122,26011.9%
Insurance Underwriters13-20531,810$32$67,290-5.2%
Labor Relations Specialists13-1075810$30$63,210-7.8%
Loan Officers13-20724,450$33$69,13011.5%
Logisticians13-10811,450$28$59,0506.9%
Management Analysts13-11114,930$37$77,21012.0%
Market Analysts and Marketing Specialists13-11614,550$28$58,64022.8%
Marketing Managers11-20212,250$52$107,83010.0%
Meeting and Event Planners13-1121830$21$43,79010.2%
Public Relations and Fundraising Managers11-2031990$50$103,53010.4%
Purchasing Managers11-3061630$47$97,4805.6%
Sales Managers11-20223,150$57$118,0807.4%
Tax Examiners and Revenue Agents13-2081200$32$67,540-0.6%
Tax Preparers13-2082570$21$43,78010.8%
Training and Development Managers11-3131420$42$87,27010.3%
Training and Development Specialists13-11512,790$26$54,56011.5%

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 Iowa: https://www.bls.gov/oes/current/oes_ia.htm
7. US News & World Report, 2018 Best Business Schools: https://www.usnews.com/best-graduate-schools/top-business-schools