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.
|School||City||Tuition||Aid||Median SAT||Median ACT||Accept. Rate||Grad. Rate|
|Des Moines Area Community College||Ankeny||$4,410||$3,602|
|Drake University||Des Moines||$35,206||$18,200||1050-1340||25-30||69%||77%|
|Iowa State University||Ames||$8,219||$6,663||980-1270||22-28||87%||74%|
|Maharishi University of Management||Fairfield||$27,530||$17,121||51%||58%|
|Northwestern College||Orange City||$29,500||$19,371||915-1170||21-28||66%||64%|
|St. Ambrose University||Davenport||$29,150||$15,568||20-25||64%||63%|
|University of Iowa||Iowa City||$8,575||$8,800||1020-1320||23-28||84%||72%|
|University of Northern Iowa||Cedar Falls||$8,309||$5,401||885-1220||20-25||83%||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.
|Drake University||Des Moines||$25,082||518||77.6%||2.46|
|Iowa State University||Ames||$21,904||610||86.4%||1.87|
|Maharishi University of Management||Fairfield||$31,750|
|University of Iowa||Iowa City||$45,162||587||21.7%||1.48|
|University of Northern Iowa||Cedar Falls||$22,270||563||84.2%||0.33|
|St. Ambrose University||Davenport||$32,616|
Job Outlook for Business 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.
|Accountants and Auditors||13-2011||9,930||$32||$66,500||10.0%|
|Administrative Services Managers||11-3011||2,100||$43||$88,610||10.1%|
|Advertising and Promotions Managers||11-2011||200||$46||$95,370||5.8%|
|Architectural and Engineering Managers||11-9041||1,670||$60||$125,690||5.5%|
|Business Operations Specialists||13-1199||9,860||$30||$63,310||8.8%|
|Compensation and Benefits Managers||11-3111||120||$51||$106,200||5.0%|
|Compensation, and Benefits Specialists||13-1141||530||$32||$65,510||8.5%|
|General and Operations Managers||11-1021||24,390||$47||$96,780||9.1%|
|Human Resources Managers||11-3121||1,570||$50||$102,990||8.9%|
|Human Resources Specialists||13-1071||4800||$27||$56,010||7.1%|
|Information Systems Managers||11-3021||3,690||$59||$122,260||11.9%|
|Labor Relations Specialists||13-1075||810||$30||$63,210||-7.8%|
|Market Analysts and Marketing Specialists||13-1161||4,550||$28||$58,640||22.8%|
|Meeting and Event Planners||13-1121||830||$21||$43,790||10.2%|
|Public Relations and Fundraising Managers||11-2031||990||$50||$103,530||10.4%|
|Tax Examiners and Revenue Agents||13-2081||200||$32||$67,540||-0.6%|
|Training and Development Managers||11-3131||420||$42||$87,270||10.3%|
|Training and Development Specialists||13-1151||2,790||$26||$54,560||11.5%|
1. National Center for Education Statistics:https://nces.ed.gov/
2. AACSB, Best Business Schools:http://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