Business Degree Schools in Utah

Utah is a fascinating state with a number of unique characteristics. It is well known as being as the home state of the Mormon Church, which has a significant impact on both the state’s culture and its economy. Utah’s relatively small population of about 3 million is heavily concentrated in the Wasatch Front metropolitan region in the northern part of the state, which includes capital Salt Lake City and about 70% of the state’s people. A region of great natural beauty and vast wilderness areas, Utah is home to five national parks, the most of any state other than (the much larger) California and Alaska. It has a vibrant economy that relies heavily on tourism but also encompasses mining, agriculture, and government services. In 2014, Forbes ranked Utah #1 in its list of the best states for business.

Utah is not one of the country’s primary academic destinations, and given its relatively small population, it has few colleges offering business degrees. National Center for Educational Statistics (NCES) statistics reveal 15 public and non-profit schools with business programs at the undergraduate and graduate levels. Of these, 7 are accredited undergraduate schools and 6 are accredited graduate colleges. It is always wise to choose an accredited college, wherever you go to school. Accreditation ensures that the program you select has clear objectives and proven quality outcomes while adhering to national and international standards. Accredited schools also typically offer a richer educational experience via 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 regionally accredited by the Northwest Commission on Colleges and Universities (NWCCU).

This article will provide you with the essential data you need to help you choose the best Utah business school for you, 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 Utah.

Undergraduate Business Schools in Utah

Utah has some of the most inexpensive options for undergraduate business study in the country. Of the 7 accredited schools, 6 have tuitions in the range of $4,840 (Dixie State University) to $8,518 (the University of Utah), with the average for the 6 just $6,395. Given that these schools average $6,020 in financial aid, you can see that money won’t be a reason not to attend school in Utah! The 7th school on the list, Westminster College, costs much more at $32,404, with financial aid of $17,938.

We were able to obtain acceptance rate data for 4 of our 7 schools, which are all quite student-friendly. The lowest figure is at Southern Utah University (72%) and the highest at Utah State University (90%). The overall average is a very high 81%.

Graduation rates for undergraduate business degrees in Utah fall in a wide range, but generally are low low. The overall average is only 42%, with the highest at the University of Utah (65%) and the lowest at Dixie State University (20%). The best combination of acceptance rate and graduation rate (for the schools for which we have acceptance rates) is Westminster College, with an acceptance rate of 84% and graduation rate of 62%.

Below you will find a table showing you all the important data you need about undergraduate business schools in Utah, 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.

SchoolCityTuitionAidMedian SATMedian ACTAccept. RateGrad. Rate
Dixie State UniversitySt. George$4,840$5,09620%
Southern Utah UniversityCedar City$6,530$7,184890-115020-2672%39%
University of UtahSalt Lake City$8,518$6,9161050-130021-2776%65%
Utah State UniversityLogan$7,426$6,791980-122020-2790%46%
Utah Valley UniversityOrem$5,530$5,73525%
Weber State UniversityOgden$5,523$4,39735%
Westminster CollegeSalt Lake City$32,404$17,9381000-121022-2784%62%

Graduate Business Schools in Utah

We have data on 6 accredited schools for graduate business study in Utah. Of these, 4 are in an affordable tuition cost range of about $21,000 to $27,000 a year. The least expensive school is Southern Utah University at $14,350, while the expensive outlier is the Eccles School at the University of Utah—its tuition of $59,000 reflects the college’s status as a top 50 business school in the US.

There are two accredited online MBA programs in Utah for those seeking a concurrent study and work experience. Southern Utah University’s online MBA program is ranked in the top 100 in the country and offers concentrations in accounting, economics, finance, management, and marketing. The Eccles School at the University of Utah offers an online equivalent of its top 50 graduate business education, taught by the same professors and with a choice of three start times per year.

The table below 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.

SchoolCityTuitionAvg. GMATFaculty
with Doct.
Degree
Student/
Faculty
Brigham Young UniversityProvo$23,94067189%3.73
Southern Utah UniversityCedar City$14,35090%6.88
University of UtahSalt Lake City$59,00063775%8.95
Utah State UniversityLogan$26,68572%4.38
Utah Valley UniversityOrem$21,29853867%0.54
Weber State UniversityOgden$24,66056592%

Job Outlook for Business Graduates in Utah

According to the Bureau of Labor Statistics (BLS), total growth of at least 5% is expected in 32 of 37 business and management occupations across the US between 2016 and 2026. The highest growth will be for market analysts and marketing specialists, at 22.8% over ten years, with financial managers coming in second at 18.7%.

Utah has a strong economy that has consistently outpaced that of the nation as a whole. Its unemployment rate currently sits at just 3%, a full percentage point below the US average of 4% at the time of writing. About 134,000 people were employed in the business and management sector in Utah in 2016. The largest subgroup was general and operations managers at 39,810, which dwarfs all the other categories in terms of size.

According to BLS data, Utah ranked 12th among the 50 states and the District of Columbia for overall average annual wage across all occupations in 2016 at $65,977, well above the national average of $57,617. Business and management occupations had a weighted average annual salary of around $83,000 that year. The difference between the average business salary and the overall state average is among the smallest in the country, reflecting Utah’s status as the state with the lowest income inequality in the nation. Chief executives led the way, as is the case in most states, coming in at $167,500. Most management positions fell between $80,000 and $120,000. The lowest paid of the groups was credit counselors at $38,390.

Occupation TitleBLS.gov
Code
2016
Total
Employment
Utah
Mean
Hourly
Wage
Utah
Mean
Annual
Wage
Utah
National
Growth
2016-26
Accountants and Auditors13-20119,770$34$70,6408.0%
Administrative Services Managers11-30112,380$41$85,4609.1%
Advertising and Promotions Managers11-2011310$36$73,9005.8%
Architectural and Engineering Managers11-90412,150$59$123,0007.4%
Budget Analysts13-2031350$36$74,08010.4%
Business Operations Specialists13-11998,170$33$67,73010.1%
Chief Executives11-10114,340$81$167,50011.9%
Compensation and Benefits Managers11-3111210$50$103,6800.187
Compensation, and Benefits Specialists13-1141450$26$53,9205.6%
Compliance Officers13-10412,750$29$61,2705.0%
Construction Managers11-90212,710$39$80,8608.9%
Cost Estimators13-10512,430$32$65,61010.3%
Credit Analysts13-2041900$32$66,57011.4%
Credit Counselors13-2071350$18$38,3905.5%
Financial Analysts13-20512,840$39$81,3704.9%
Financial Examiners13-2061330$36$75,8808.2%
Financial Managers11-30315,800$54$112,08010.6%
General and Operations Managers11-102139,810$40$83,9107.1%
Human Resources Managers11-31211,190$49$102,510-7.8%
Human Resources Specialists13-10715,620$28$57,3506.9%
Information Systems Managers11-30214,990$57$118,19012.0%
Insurance Underwriters13-2053540$35$72,05010.2%
Labor Relations Specialists13-1075200$22$45,1708.5%
Loan Officers13-20724,410$32$66,65011.5%
Logisticians13-10812,430$36$74,24022.8%
Management Analysts13-11114,750$38$79,4208.8%
Market Analysts and Marketing Specialists13-11616,920$28$57,83010.0%
Marketing Managers11-20212,720$55$114,2706.5%
Meeting and Event Planners13-1121910$21$43,0508.4%
Public Relations and Fundraising Managers11-2031450$49$101,95010.8%
Purchasing Managers11-3061470$49$101,350-5.2%
Sales Managers11-20224,170$57$119,0609.8%
Tax Examiners and Revenue Agents13-20811,770$24$50,51013.9%
Tax Preparers13-2082810$24$49,86011.5%
Training and Development Managers11-3131500$44$90,570-0.6%
Training and Development Specialists13-11514,760$26$54,57010.8%

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