Business Degrees in Missouri
One of the most geographically centralized states in the country, Missouri straddles the line between the American Midwest and the Great Plains. The state earned the nickname “Gateway to the West” due to it being a popular launching point for expeditions heading west in the 1800s. This historical role is commemorated by the Gateway Arch, the famous landmark in Missouri’s largest city, St. Louis. The state has a balanced economy that features contributions from natural resources, agriculture, manufacturing, and services; this includes a growing technology industry.
According to National Center for Educational Statistics (NCES) statistics, there are 42 public and non-profit institutions offering business degrees. Of these, 28 offer accredited programs at the undergraduate level and 21 at the graduate level, giving the state a good percentage of schools that are accredited. This is important because accreditation provides you with assurance that the program you select has clearly stated objectives and that the school has proven that its program produces quality outcomes while adhering to national and international standards. Accredited schools also typically offer ways to get real-world experience through interaction with actual businesses.
All of 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 also regionally accredited by the Higher Learning Commission (HLC).
This article provides you with the data you need to choose the ideal Missouri business school for your 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 the job prospects for business school graduates in Missouri.
Undergraduate Business Schools in Missouri
Missouri offers a fine range of options for business education, including a nationally top-ranked school, several regionally high-ranked institutions, and a wide variety of smaller and more affordable options. The overall average tuition cost in Missouri is just over $17,000, which is in the moderate range and typical for the state’s region. The most expensive school is the just mentioned top-ranked one, Washington University in St. Louis (commonly abbreviated WUSTL) with tuition just south of $50,000. Saint Louis University and Rockhurst University follow at $40,700 and $35,700 respectively. The other 25 schools are all under $28,000, and 14 of those are under $10,000, providing many low-cost opportunities. Average financial aid is about $10,700, which is a little on the low side as a whole, but many schools offer maximum financial aid close to their tuition costs.
Acceptance rates are quite high in Missouri, which is good news for prospective students. The overall average acceptance rates for the 23 schools for which we have data is 73%, with all but one over 50% and 16 of the 23 over 70%. The exception is WUSTL, with a much more competitive 17% acceptance rate. When that school is excluded, the average of the other 22 is 75%, an impressively high figure.
Graduation rates for undergraduate business degrees in Missouri tend to be low to moderate. The overall average for the 26 schools for which we have data is 53%; the highest rate, 94%, is at WUSTL, followed by the Missouri University of Science & Technology at 83%. The lowest rate is just 5.6% at Harris-Stowe State University; this figure is much lower than most schools, apparently because the school does not count transfer students or those with associate degrees. The two best combinations of acceptance rate and graduate rate can be found at the Missouri University of Science & Technology (84% and 83% respectively) and Maryville University (93% and 75%).
The table below shows you all the important data you need about undergraduate business schools in Missouri, 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|
|Avila University||Kansas City||$27,312||$13,851||880-1020||19-23||56%||45%|
|Fontbonne University||St. Louis||$24,610||$12,200||20-25||90%||52%|
|Harris-Stowe State University||St. Louis||$5,220||$5,736||6%|
|Lincoln University of Missouri||Jefferson City||$7,632||$7,801|
|Lindenwood University||St. Charles||$16,332||$7,701||920-1130||20-25||55%||49%|
|Maryville University||St. Louis||$27,958||$15,600||900-1150||22-27||93%||75%|
|Missouri Southern State University||Joplin||$5,523||$5,244||18-24||94%||30%|
|Missouri State University||Springfield||$7,060||$5,382||955-1228||21-26||84%||55%|
|Missouri University of Science & Technology||Rolla||$9,246||$8,975||550-670||25-30||84%||83%|
|Missouri Western State University||St. Joseph||$7,330||$6,693||30%|
|Northwest Missouri State University||Maryville||$7,343||$6,961||880-1110||20-25||74%||49%|
|Rockhurst University||Kansas City||$35,670||$23,730||986-1166||23-28||74%||72%|
|Saint Louis University||St. Louis||$40,726||$21,161||1110-1330||25-31||65%||74%|
|Southeast Missouri State University||Cape Girardeau||$6,990||$5,430||878-1136||20-25||83%||49%|
|Southwest Baptist University||Bolivar||$22,508||$12,240||860-1100||19-25||90%||46%|
|Three Rivers College||Poplar Bluff||$5,190||$4,344|
|Truman State University||Kirksville||$7,456||$7,864||1070-1330||24-30||68%||72%|
|University of Central Missouri||Warrensburg||$7,342||$5,754||20-25||75%||53%|
|University of Missouri||Columbia||$9,518||$8,561||1020-1290||23-29||75%||68%|
|University of Missouri||Kansas City||$7,846||$7,217||980-1300||21-28||62%||48%|
|University of Missouri||St. Louis||$9,590||$12,471||532-612||21-27||76%||79%|
|Washington University in St. Louis||St. Louis||$49,770||$31,907||1400-1570||32-34||17%||94%|
|William Woods University||Fulton||$23,040||$14,823||860-1120||19-25||70%||54%|
Graduate Business Schools in Missouri
We have data for 21 accredited colleges for master’s level business study in Missouri. MBA tuitions are quite low, with a couple of exceptions. The overall average cost is only $25,700, which includes the $107,000 cost at Washington University in St. Louis (currently a top 25 MBA program nationwide). Excluding that school, Saint Louis University ($55,400) and the University of Missouri Kansas City ($50,000), the average for the other 18 schools is just $18,300, and all are below $30,000.
We have average admission GMAT scores for 12 of our schools. Most fall into the range of 449 to 572, making them fairly easy to enter. The University of Missouri Columbia is significantly higher at 648, and both WUSTL and Missouri Western State University higher still at 700. We have data on the percentage of full-time faculty with doctorate degrees for 11 schools. The University of Central Missouri has the lowest percentage (69%); the other 10 are all near or above 75%, with 8 over 80%. WUSTL has the highest figure at 94.6%.
There are several options for online MBA programs in Missouri that are worth considering by those who want to further their educations while staying on their career tracks. The Missouri University of Science and Technology (Missouri S&T) offers a highly regarded online MBA aimed at working professionals and executives that is ranked #55 in the nation by US News and World Report. Missouri State University offers a fully online MBA program with the same tuition for both in-state and out-of-state students.
Southeast Missouri State University and the University of Missouri also offer online MBAs.
Most online programs offer the same basic curriculum and courses as their offline equivalents.
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.
|Fontbonne University||St. Louis||$27,144|
|Lincoln University of Missouri||Jefferson City||$10,476|
|Lindenwood University||St. Charles||$27,300|
|Maryville University||St. Louis||$26,325|
|Missouri Southern State University||Joplin||$10,500|
|Missouri State University||Springfield||$11,291||561||3.07|
|Missouri University of Science & Technology||Rolla||$25,821||550||88%||3.42|
|Missouri Western State University||St. Joseph||$10,230||700||84%||1.35|
|Northwest Missouri State University||Maryville||$12,837|
|Rockhurst University||Kansas City||$21,300||522||87%||4.25|
|Saint Louis University||St. Louis||$55,440||535||87%||3.49|
|Southeast Missouri State University||Cape Girardeau||$9,785||449||89%||2.42|
|Southwest Baptist University||Bolivar||$16,650|
|University of Central Missouri||Warrensburg||$10,500||493||69%||11.9|
|University of Missouri||Columbia||$29,241||648||79%||3.46|
|University of Missouri||Kansas City||$50,000||572||75%||2.81|
|University of Missouri||St. Louis||$23,436||520||81%||2.06|
|Washington University in St. Louis||St. Louis||$107,000||700||95%||7.38|
|William Woods University||Fulton||$12,600|
Job Outlook for Business Graduates in Missouri
Total growth of at least 5% is predicted in 32 of 37 business and management occupations across the US between 2016 and 2026, according to recent Bureau of Labor Statistics (BLS) data. The highest growth will be for market analysts and marketing specialists, at 22.8% over ten years, with financial managers next at 18.7%.
Over the last 15 years, Missouri’s economy has alternated between tracking the national economy and running just slightly below it. The state’s current unemployment rate is 3.6%, just below the national average. About 200,000 people were employed in the business and management sector in Missouri in 2016. The largest subgroup was general and operations managers, with 43,270 employed, well ahead of accountants and auditors at 25,130. Most categories employed 10,000 or fewer people.
According to BLS data, the overall average annual wage in 2016 across all occupations in Missouri was $51,746, ranking the state 38th out of 51 states plus the District of Columbia. Business and management occupations had a weighted average annual salary of around $90,000 that same year, which is on the low side compared to many states. Chief executives were the highest-paid subgroup, as usually is the case, but with a (relatively) lower average salary of $179,400. This was followed by a variety of management positions ranging from $100,000 to $140,000. The lowest paid group, at $39,480, was agents and business managers of artists, performers, and athletes.
|Accountants and Auditors||13-2011||25,130||$34||$70,180||10.0%|
|Administrative Services Managers||11-3011||5,480||$43||$89,270||10.1%|
|Advertising and Promotions Managers||11-2011||290||$59||$122,450||5.8%|
|Agents and Managers of Artists and Athletes||13-1011||100||$19||$39,480||4.9%|
|Architectural and Engineering Managers||11-9041||2,560||$65||$135,440||5.5%|
|Business Operations Specialists||13-1199||14,990||$35||$72,000||8.8%|
|Compensation and Benefits Managers||11-3111||220||$65||$134,220||5.0%|
|Compensation and Job Analysis Specialists||13-1141||1,530||$31||$65,480||8.5%|
|Information Systems Managers||11-3021||6,220||$63||$130,240||11.9%|
|Human Resources Managers||11-3121||1,790||$58||$119,950||8.9%|
|Human Resources Specialists||13-1071||10,770||$31||$63,910||7.1%|
|Labor Relations Specialists||13-1075||1,610||$34||$69,730||-7.8%|
|Market Research and Marketing Specialist||13-1161||10,160||$31||$64,510||22.8%|
|Meeting and Event Planners||13-1121||2,110||$23||$48,510||10.2%|
|Tax Examiners and Revenue Agents||13-2081||2,110||$22||$45,030||-0.6%|
|Training and Development Managers||11-3131||440||$53||$110,680||10.3%|
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: https://www.bls.gov/oes/current/oes_mo.htm
7. State Board of Education: https://dhe.mo.gov/
8. US News & World Report, 2018 Best Business Schools: https://www.usnews.com/best-graduate-schools/top-business-schools