Business Schools in Ohio

What’s round on both ends and high in the middle? Ohio! Okay, we definitely don’t recommend using that joke in an interview, but we do suggest taking a look at some of the very good options for obtaining business degrees in Ohio.

Statistics from the National Center for Educational Statistics (NCES) show 72 public and non-profit schools in the state granting undergraduate and graduate business degrees. Of these, 42 offer accredited undergraduate business programs, while 27 have graduate business programs that are accredited. The accreditation is from 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 schools on our list are all public or non-profit and also regionally accredited by the Higher Learning Commission (HLC).

Accreditation is a requirement for our lists because of the importance of looking at schools that have been evaluated and certified by external institutions. Accreditation ensures that the school’s programs have clear goals and proven outcomes and that the institution adheres to national and international standards. Accredited schools also provide opportunities for real-world interaction with businesses, which gives students a broader educational experience.

You will find key information below to help you choose the ideal school for you based on many essential factors, such as tuition, financial aid, entrance exam scores, acceptance rates, and more. The three sections that follow cover undergraduate programs for business degrees, graduate business schools, and the job prospects for business school graduates in Ohio.

Undergraduate Business Schools in Ohio

Ohio is one of the most affordable places to get a business degree in the country. Its average tuition cost is just slightly over $18,000, with a nice distribution of inexpensive and moderately priced schools, and no very pricey schools to bring up the average. The most expensive schools in the state are Case Western Reserve University at just over $46,000 and the University of Dayton just below $41,000. The state boasts no fewer than 10 schools with undergraduate tuition costs under $5,000, and these offer average financial aid of around $3,600 as well. Clearly, if attending business school on a budget is a priority for you, Ohio should be on your list.

Acceptance rates in Ohio are as favorable as tuition costs. Of the 29 schools for which we have acceptance rate data, only Case Western Reserve University is below half, at 35%. Two more schools have acceptance rates in the 51-59% range, while the others are pretty evenly distributed from 60% to as high as 96% at the University of Akron (main campus). In fact, there are four schools with acceptance rates of 90% or more.

Graduation rates for undergraduate programs in Ohio are a bit on the low side given the relatively low tuition costs and high acceptance rates, with an overall average of around 53.5% for the 32 schools for which we have data. There are 14 schools with graduation rates under 50%, 6 schools between 50% and 60%, and 12 schools above the latter figure. John Carroll University has the best combination of acceptance rate (83%) and graduation rate (76%) on our list.

The table below shows all the important data about our undergraduate business schools, including annual in-state tuition costs, average aid, acceptance rates, median SAT and ACT scores of accepted students, and graduation rates. Click any column header to sort the table based on its contents.

SchoolCityTuitionAidMedian SATMedian ACTAccept. RateGrad. Rate
Ashland UniversityAshland$20,392$10,681956-117320-2572.5%62.1%
Bowling Green State UniversityBowling Green$11,057$7,176900-115019-2476.1%53.3%
Capital UniversityColumbus$33,492$22,100950-118022-2869.2%59.3%
Case Western Reserve UniversityCleveland$46,006$27,4151280-149030-3435.4%81.8%
Cedarville UniversityCedarville$28,110$13,8261080-131023-2969.1%72.3%
Central Ohio Technical CollegeNewark$4,296$3,771
Cleveland State UniversityCleveland$9,768$6,263890-116019-2587.5%40.9%
Columbus State Community CollegeColumbus$3,808$3,886
Defiance CollegeDefiance$31,680$17,005790-101018-2358.2%41.8%
Franciscan University of SteubenvilleSteubenville$25,680$9,7741040-130022-2878.8%75.3%
Heidelberg UniversityTiffin$29,200$17,708850-108019-2579.3%48.8%
Hocking CollegeNelsonville$4,390$4,879
James A Rhodes State CollegeLima$3,845$3,161
John Carroll UniversityUniversity Heights$38,490$23,005990-120022-2783.0%76.4%
Kent State University at KentKent$10,012$6,749950-116021-2585.4%54.8%
Lake Erie CollegePainesville$29,960$19,434840-102018-2263.1%44.5%
Lourdes UniversitySylvania$20,620$9,976860-110018-2489.3%28.3%
Malone UniversityCanton$29,422$17,029830-106019-2572.8%53.3%
Miami University-OxfordOxford$14,736$9,4391130-135026-3165.4%78.4%
Mount Vernon Nazarene UniversityMount Vernon$26,950$15,040920-118020-2574.2%57.3%
North Central State CollegeMansfield$3,591$3,325
Northwest State Community CollegeArchbold$3,858$3,053
Ohio Dominican UniversityColumbus$31,080$18,060870-104019-2452.2%36.8%
Ohio Northern UniversityAda$29,820$19,0161030-123523-2864.1%73.8%
Ohio University-Main CampusAthens$11,744$5,909990-120021-2674.9%63.8%
Owens Community CollegePerrysburg$4,643$3,329
Shawnee State UniversityPortsmouth$7,365$10,650018-2473.6%30.5%
Sinclair Community CollegeDayton$3,604$2,969
Stark State CollegeNorth Canton$3,686$3,851
The University of FindlayFindlay$32,402$19,140940-104020-2573.0%63.4%
Tiffin UniversityTiffin$23,125$11,73375.6%45.1%
University of AkronAkron$10,270$5,920910-118019-2695.9%42.8%
University of CincinnatiCincinnati$11,000$6,7031030-129023-2876.4%66.8%
University of DaytonDayton$40,940$20,9901020-124024-2960.3%75.3%
University of Northwestern OhioLima$10,440$6,44333.0%
University of Rio GrandeRio Grande$23,860$7,22220.1%
University of ToledoToledo$9,547$7,617920-121020-2694.3%43.4%
Ursuline CollegePepper Pike$29,940$15,157890-111019-2489.6%51.8%
Wright State UniversityDayton$8,730$6,379930-121018-2595.2%35.4%
Xavier UniversityCincinnati$36,150$19,3611010-119023-2868.6%71.8%
Youngstown State UniversityYoungstown$8,317$6,237850-109018-2567.5%31.2%

Graduate Business Schools in Ohio

If you’re looking to supplement real-world experience with a graduate business program or augment your freshly minted bachelor’s degree, Ohio offers 27 accredited options for obtaining an MBA or equivalent. Like their undergraduate counterparts, these are among the more affordable options in the country. The overall average cost of tuition and fees is a very reasonable $28,000; however, this number includes two pricy outliers: Ohio State University ($62,000) and Case Western Reserve University ($90,000). When these are excluded, the average falls to $24,000, with no other school above $38,000.

We have average admission GMAT scores for 16 of the 27 accredited graduate business schools in Ohio, which fall in a pretty tight range: 441 (University of Toledo) to 655 (Ohio State University). About half of our graduate schools provided information on full-time faculty with doctorate degrees, with rates falling into a fairly typical range of about 68% to nearly 100%.

If you want to get a business degree while continuing to work full time, there are several online MBA programs in Ohio that will let you keep your day job while studying at your own pace. Some well-respected, accredited programs can be found at Cleveland State University, the College of Business at Ohio University, and the Carl H. Lindner School of Business at the University of Cincinnati, among others. Most online programs offer the same basic curriculum and courses as their offline equivalents.

The table below 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.

SchoolCityTuitionAvg. GMATFaculty
with Doct.
Degree
Student/
Faculty
Ashland UniversityAshland$29,500
Bowling Green State UniversityBowling Green$17,49371%3.07
Capital UniversityColumbus$19,500
Case Western Reserve UniversityCleveland$89,90063588%12.81
Cedarville UniversityCedarville$21,456
Cleveland State UniversityCleveland$27,31262575%3.63
Heidelberg UniversityTiffin$20,300
John Carroll UniversityUniversity Heights$28,21553588%1.25
Kent State UniversityKent$30,12053980%1.92
Malone UniversityCanton$21,420
Miami University OhioOxford$37,80062275%0.21
Mount Vernon Nazarene UniversityMount Vernon$17,928
Ohio Dominican UniversityColumbus$22,200
Ohio State UniversityColumbus$62,27865579%3.77
Ohio UniversityAthens$19,08852868%6.18
The University of AkronAkron$17,452572
The University of FindlayFindlay$23,086
Thomas More CollegeCincinnati$23,430561
Tiffin UniversityTiffin$25,200
University of AkronAkron$25,48553376%0.3
University of CincinnatiCincinnati$31,43760386%3.21
University of DaytonDayton$29,40055776%
University of Northwestern OhioLima$20,160
University of ToledoToledo$21,82344170%4.5

Job Outlook for Business Graduates in Ohio

Business graduates nationwide have good prospects for the future. Recent Bureau of Labor Statistics (BLS) data predicts 2016 to 2026 total growth of at least 5% in all but 5 of 37 business and management occupations. Market analysts and marketing specialists are expected to see the most growth, at 22.8% over the decade-long period, with financial managers coming in second at 18.7%.

According to the Ohio Department of Job and Family Services, the Buckeye State’s overall unemployment rate stands at a low 4.4% as of March 2018, down from 5.1% a year earlier. Just shy of 380,000 people were employed in the business and management sector in Ohio in 2016. General and operations managers were the largest subgroup with 61,360 employed, well ahead of accountants and auditors (44,500) and business operations specialists (34,570).

Based on BLS data, the average annual wage in 2016 across all occupations in Ohio was $45,749, ranking the state 36th out of 51 in the US (including the District of Columbia). For the business and management occupations shown below, the weighted average annual salary was just over $90,000, or close to double the overall state average. This fits the general trend seen in most states. As is also the case in most places, chief executives in Ohio had by far the highest average salaries, at around $198,000. The data shows an interesting “near tie” for second place in the state among financial managers, marketing managers, architectural and engineering managers, sales managers and computer and information systems managers, all of which were in the neighborhood of $133,000. Labor relations specialists were the lowest-paying subcategory at $38,190.

Occupation TitleBLS.gov
Code
2016
Total
Employment
Ohio
Mean
Hourly
Wage
Ohio
Mean
Annual
Wage
Ohio
National
Growth
2016-26
Accountants and Auditors13-201144,500$35$72,35010.0%
Administrative Services Managers11-301110,130$45$92,77010.1%
Advertising and Promotions Managers11-20110,420$43$89,4605.8%
Agents and Business Managers of Artists, and Athletes13-10110,110$26$54,8104.9%
Architectural and Engineering Managers11-90416,170$64$133,0705.5%
Budget Analysts13-20311,000$36$75,0006.5%
Business Operations Specialists13-119934,570$33$69,0808.8%
Chief Executives11-10114,990$95$198,2308.0%
Compensation and Benefits Managers11-31110,560$58$121,4705.0%
Compensation, Benefits, and Job Analysis Specialists13-11413,050$29$61,3408.5%
Compliance Officers13-10417,830$31$63,8208.2%
Computer and Information Systems Managers11-302114,110$64$133,87011.9%
Construction Managers11-90219,680$50$103,33011.4%
Cost Estimators13-105110,700$30$63,35010.6%
Credit Analysts13-20412,940$36$75,1408.4%
Credit Counselors13-20710,950$24$49,64013.9%
Financial Analysts13-20518,500$39$80,83010.8%
Financial Examiners13-20613,300$37$76,4609.8%
Financial Managers11-303119,890$64$132,3600.187
General and Operations Managers11-102161,360$55$114,7509.1%
Human Resources Managers11-31214,480$57$117,9908.9%
Human Resources Specialists13-107120,810$30$61,3707.1%
Insurance Underwriters13-20534,840$36$75,030-5.2%
Labor Relations Specialists13-10756,370$18$38,190-7.8%
Loan Officers13-207212,130$35$72,49011.5%
Logisticians13-10815,850$37$76,4106.9%
Management Analysts13-111118,580$40$82,84012.0%
Market Research and Marketing Specialists13-116123,100$32$66,53022.8%
Marketing Managers11-20215,720$64$132,50010.0%
Meeting, Convention, and Event Planners13-11212,330$23$47,58010.2%
Public Relations and Fundraising Managers11-20311,820$55$114,55010.4%
Purchasing Managers11-30612,580$58$119,6505.6%
Sales Managers11-202210,830$64$133,1907.4%
Tax Examiners and Revenue Agents13-20811,490$31$64,910-0.6%
Tax Preparers13-20821,780$23$46,89010.8%
Training and Development Managers11-31310,830$52$107,76010.3%

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References:
1. National Center for Education Statistics: https://nces.ed.gov/
2. AACSB, Best Business Schools: http://bestbizschools.aacsb.edu/
3. ACBSP, Business Schools: https://www.acbsp.org/
4. IACBE, Business Schools: http://iacbe.org/
5. Higher Learning Commission: http://www.hlcommission.org/
6. US Bureau of Labor Statistics, Occupational Employment and Wage Estimates, Ohio: https://www.bls.gov/oes/current/oes_ga.htm
7. US News & World Report: https://www.usnews.com/best-graduate-schools/top-business-schools