Business Schools in Minnesota
Welcome to our guide on business school options in Minnesota. To compile our list of accredited business schools in Minnesota, we first looked at the National Center for Educational Statistics (NCES) data. According to the NCES, at least ten undergraduate business schools and seven graduate business schools in Minnesota are business accredited. All of the schools in our database are also regionally accredited by the Higher Learning Commission (HLC).
All the schools on our list are non-profit or public. They have accreditation by at least one of the following: the Association to Advance Collegiate Schools of Business (AACSB), the Accreditation Council for Business Schools and Programs (ACBSP), or the International Accreditation Council for Business Education (IACBE).
Below you will find information on our list of business degrees, including various sortable criteria that will help narrow down your ideal institution. The tables include data on tuition (before aid), average financial aid per student, admission exam median scores, and acceptance and graduation rates.
Best Business Schools in Minnesota
Best business schools in Minnesota according to US News data.
- University of Minnesota-Twin Cities – #29 in Best Business Schools, #9 in Best Part-time MBA, #76 in Top National Universities, #42 in Best Colleges of Veterans, #30 in Top Public Schools, #18 in Best Undergraduate Business School Programs, #23 in Best Management Bachelor Programs
- Minnesota State University-Mankato – #125 in Best Part-time MBA Programs, #32 in Top Public Schools, #274 in Best Undergraduate Business School Programs
- Minnesota State University-Moorhead – #101 in Top Regional Universities Midwest, #26 in Top Public Schools, #312 in Best Undergraduate Business School Programs, #156 in Best Online MBA Programs
- University of St. Thomas – #133 in Best Part-time MBA Programs, #83 in Best Colleges for Veterans, #124 in Top National Universities
Undergraduate Business Schools in Minnesota
The average program cost of an undergraduate business degree in Minnesota is $19,621, and six schools offer undergraduate degrees that are more affordable than this average. The most affordable options for business degrees in Minnesota on our list are Minnesota State University – Mankato, which has a tuition of $7,858 and average offered financial aid of $5,075, and St. Cloud State University, with tuition and average financial aid figures of $7,910 and $5,204 respectively.
Acceptance rates are generally high at most Minnesota undergraduate business schools, with all schools having acceptance rates over 50% and five schools having over 70% acceptance. St. Cloud State University has the highest acceptance rate, at 85%, while Southwest Minnesota State University has the lowest acceptance rate at just 54%.
For graduation rates, the University of St. Thomas-Minnesota leads the pack with a 76% graduation rate, followed by Bethel University and 76%. The lowest graduation rate, 41%, is at Minnesota State University Moorhead. The overall average acceptance rate for the state is 70%.
Below you will find a table showing essential data, including in-state tuition costs, average financial aid received per student, college acceptance rates, median SAT and ACT scores, and graduation rates. You can click on the column headers to sort the table.
|School||City||Tuition||Aid||Median SAT||Median ACT||Accept. Rate||Grad. Rate|
|Bemidji State University||Bemidji||$8,394||$5,288||20-24||64%||44%|
|Bethel University||St. Paul||$35,160||$17,126||990-1263||21-28||82%||76%|
|Hamline University||St. Paul||$39,181||$22,435||960-1230||21-27||70%||59%|
|Minnesota State University – Mankato||Mankato||$7,858||$5,075||886-1106||20-24||62%||51%|
|Minnesota State University Moorhead||Moorhead||$8,114||$4,511||910-1120||20-25||60%||41%|
|Saint Mary’s University of Minnesota||Winona||$32,575||$16,657||900-1110||20-26||79%||61%|
|Southwest Minnesota State University||Marshall||$8,347||$4,903||765-1075||18-23||54%||50%|
|St. Cloud State University||Saint Cloud||$7,910||$5,204||930-1170||18-24||85%||44%|
|University of St. Thomas-Minnesota||St. Paul||$39,594||$18,490||1050-1290||24-29||83%||76%|
|Winona State University||Winona||$9,075||$4,819||790-1070||20-25||60%||59%|
Community Colleges in Minnesota
|Inver Hills Community College||Inver Grove Heights||$5,285||$3,398|
|Normandale Community College||Bloomington||$5,730||$3,863|
|North Hennepin Community College||Brooklyn Park||$4,367||$3,397|
|Riverland Community College||Austin||$5,507||$3,588|
|Saint Paul College||St. Paul||$5,458||$3,868|
Graduate Business Schools in Minnesota
To complement their baccalaureate studies, many students choose to obtain graduate-level business degrees (usually MBAs), and the state of Minnesota currently has seven schools offering accredited graduate business degrees. The average cost of a graduate business degree in Minnesota is $37,610. Still, there’s a wide range of affordability: Minnesota State University Moorhead MBA costs just $14,564, while a graduate degree in business from the University of Minnesota will set you back $74,968.
We have collected average GMAT scores for those admitted from five graduate business schools. Of those institutions that provided data, the scores range from 509 at the University of Minnesota, Duluth to 654 at the University of Minnesota, with an average admittance GMAT score for all schools of 551.
Many students prefer to keep working while studying at their own pace, and there are many excellent online MBA programs in Minnesota that are designed for such students. Most of these online MBA programs offer the same or very similar curricula and courses as their offline equivalents.
The table below contains graduate business school tuition costs, average accepted applicant GMAT scores, the percentage of faculty with a doctorate, and the student-to-faculty ratios.
|Bethel University||St. Paul||$30,366|
|Minnesota State University Mankato||Mankato||$24,048||55||98%||0.62|
|Minnesota State University Moorhead||Moorhead||$14,564|
|St. Cloud State University||Saint Cloud||$21,812||514||71%||0.72|
|University of Minnesota||Minneapolis||$74,968||654||81%||3.08|
|University of Minnesota, Duluth||Duluth||$30,112||509||84%|
|University of St. Thomas-Minnesota||St. Paul||$67,400||525||86%||0.69|
Job Outlook for Business School Graduates in Minnesota
Bureau of Labor Statistics (BLS) data shows an overall average annual wage in 2016 across all occupations in Minnesota of $57,343, which places the state 12th in the US.6 Business and management occupations, however, had a weighted average annual salary of around $94,798 in that year, yielding one of the largest differentials of any state between overall average wages and those in the business sector.6 Chief executives were the highest-paid subgroup at $191,160.6 Credit Counselors preparers were the lowest-paid subgroup at $49,650.6
Slightly more than 259,000 people were employed in the business and management sector in Minnesota in 2016.6 General and operations managers made up the largest subgroup by a hefty margin, with just over 45,400 employed; business operations specialists and accountants and auditors were nearly tied for second place at 23,970 and 33,220 respectively.6
|Accountants and Auditors||13-2011||23,970||$34||$71,420||8.0%|
|Administrative Services Managers||11-3011||6,710||$45||$93,150||9.1%|
|Advertising and Promotions Managers||11-2011||540||$66||$136,840||5.8%|
|Agents and Managers of Artists and Athletes||13-1011||**||$41||$85,910||10.0%|
|Architectural and Engineering Managers||11-9041||4,340||$68||$142,220||7.4%|
|Business Operations Specialists||13-1199||23,220||$34||$69,870||10.1%|
|Compensation and Benefits Managers||11-3111||500||$69||$144,350||0.187|
|Compensation, and Benefits Specialists||13-1141||1,680||$36||$75,350||5.6%|
|General and Operations Managers||11-1021||45,400||$53||$109,490||7.1%|
|Human Resources Managers||11-3121||4,380||$58||$121,530||-7.8%|
|Human Resources Specialists||13-1071||12,380||$31||$64,140||6.9%|
|Information Systems Managers||11-3021||9,550||$68||$140,920||12.0%|
|Labor Relations Specialists||13-1075||2,470||$33||$69,170||8.5%|
|Market Analysts and Marketing Specialists||13-1161||14,630||$34||$70,940||10.0%|
|Meeting and Event Planners||13-1121||2,070||$26||$54,500||8.4%|
|Public Relations and Fundraising Managers||11-2031||1,850||$58||$121,010||10.8%|
|Tax Examiners and Revenue Agents||13-2081||1,150||$31||$63,730||13.9%|
|Training and Development Managers||11-3131||1,070||$54||$113,080||-0.6%|
|Training and Development Specialists||13-1151||6,310||$31||$64,490||10.8%|
Other Popular State Pages
- Business Schools in Indiana
- Business Schools in Ohio
- Business Schools in Wisconsin
- Business Schools in Illinois
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://acbsp.org/page/accreditation-overview
4. IACBE, Business Schools:https://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 Minnesota: https://www.bls.gov/oes/current/oes_mn.htm
7. US News & World Report, 2018 Best Business Schools: https://www.usnews.com/best-graduate-schools/top-business-schools