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Best Business Schools in Minnesota – 2025 Accredited Colleges & Programs
Minnesota has a favorable business climate, with competitive tax rates, pro-business policies, and streamlined regulatory processes. In Minnesota, the business and financial sector anticipates a seven percent employment increase from 2021 to 2031, yielding about 715,100 new jobs (BLS, 2022). It is also projected that an annual average of 980,200 openings will arise from growth and replacements. Choosing a business program in Minnesota can provide you with insights and knowledge about the local business environment, which can be advantageous if you plan to start or operate a business in the state. The state also shines with its array of prestigious business schools that offer a unique blend of academic excellence and real-world relevance. When it comes to pursuing a business degree in Minnesota, it is important to choose a reputable and accredited institution.
This guide aims to enumerate some of the best business schools in MN. By examining the academic offerings, faculty expertise, and post-graduation outcomes of every business school in Minnesota, aspiring business professionals can gain insights about their educational journey and career in business. Whether you are a prospective student or a professional looking to advance your career, this guide will aid you in selecting the best-fitting business school in Minnesota to achieve a career in business.
Best Business Schools in Minnesota Table of Contents
A career in business can be a good choice in Minnesota, with many opportunities available for those with the right skills and experience. Minnesota is a state with a diverse economy, and there are many business jobs available in the state. Some of the top business jobs employers are seeking to fill in Minnesota include a career as a sales representative, financial analyst or an accountant. There are also jobs available for individuals seeking a business administration career. Entrepreneurs can also find good opportunities in Minnesota, with an average salary of $64,728 to $84,687 per year (Indeed, 2023). According to a survey of Minnesota business services firms, 68% of respondents believe that labor availability will remain the same or improve over the next year, indicating a positive outlook for the business job market in the state (Minnesota Government, 2023).
Business Program Length in Minnesota
Minnesota boasts a range of business programs, each varying in program duration. Undergraduate business programs, including a business degree online, generally takes four years to be completed. Although there are certificate programs in MN school of business that only take two years to complete. Meanwhile, MBA programs, which includes an online masters degree in supply chain management, can take less. At St. Mary’s University of Minnesota, for example, the Master of Business Administration (MBA) can be achieved in just two and a half years. Other options include the Bachelor of Science in Business Administration. This requires 120 credits at select institutions, and the five-year extension program for the MBA at Minnesota State University Moorhead. Additionally, an expedited online MBA at Saint Mary’s University of Minnesota can be fulfilled in as brief as 12 months.
Tuition and Costs of Business Programs in Minnesota
The average cost of Minnesota school of business is $19,621 per year for in-state students (Discover Business, 2023). The financial landscape varies across different institutions and programs, offering a range of options for prospective students.
The University of Minnesota’s Carlson School of Management MBA program entails an in-state tuition and fees amounting to $84,980. Hamline University’s School of Business Master of Business Administration program adopts a per-credit tuition model at $792. There is also a $200 new student fee and a $310 international student fee per year. Aspiring Bachelor of Science in Business Administration candidates at certain Minnesota schools can anticipate a tuition and fees total of $8,496 annually for in-state students. On a different note, Saint Mary’s University of Minnesota’s Accelerated Online MBA program presents a tuition cost of $22,050.
Minnesota Schools Offering Business Programs for 2025
St. Mary’s University of Minnesota
The School of Business and Technology at St. Mary’s University of Minnesota presents a diverse range of business programs, including the Bachelor of Science in Business Administration, Master of Business Administration (MBA), and Doctor of Business Administration (DBA). Particularly, the Bachelor of Science in Business Administration program imparts the skills necessary for thriving in the contemporary business landscape. It is delivered online which is fitting for students and even professionals to balance their personal and work commitments. The program offers a global business perspective and practical leadership approaches. It also hones expertise applicable to various business domains such as accounting, finance, marketing, and management.
Program Length: 1 year
Tracks/concentrations: Business Administration
Cost per Credit: $430
Required Credits to Graduate: 36
Accreditation: International Accreditation Council for Business Education
Gustavus Adolphus College
Gustavus Adolphus College’s business program delivers a comprehensive education that focuses on business, management, and marketing. This Minnesota business college is designed to furnish students with skills to adeptly tackle intricate business challenges through an enriched liberal arts education and hands-on learning. The program’s versatility resonates across sectors encompassing corporate and government realms. This would open doors for students to have to diverse career avenues. The curriculum encompasses a major in General Business/Commerce which is embedded in the business, management, and marketing program. These majors underscore the fusion of business acumen with a liberal arts underpinning.
Program Length: 4 years
Tracks/concentrations: Business Administration
Cost per Credit: $9,033
Required Credits to Graduate: 34
Accreditation: The Higher Learning Commission
University of Minnesota Twin Cities
The Carlson School is located in the heart of Minneapolis-St. Paul, which is a thriving business community and one of the nation’s top-rated places to live, work, and play. The undergraduate curriculum at the Carlson School of Management at the University of Minnesota Twin Cities provides students with the skills and knowledge needed to succeed in business. The program includes majors in business, accounting, and finance. Students in the undergraduate program gain the skills and knowledge necessary to excel in various industries. The graduate programs, meanwhile, are highly ranked nationally and internationally. The graduate program includes a full-time MBA, part-time MBA, executive MBA, and PhD program.
Program Length: 4 years
Tracks/concentrations: Business Administration
Cost per Credit: $1,300
Required Credits to Graduate: 26
Accreditation: Association to Advance Collegiate Schools of Business
University of St. Thomas
At the University of St. Thomas in Minnesota, the Opus College of Business offers a spectrum of undergraduate and graduate business programs designed to instill solid business fundamentals and hands-on learning experiences. As one of the top business colleges in MN, the university’s General Business Management program encompasses courses that furnish a holistic grasp of business essentials, with specific emphasis on areas like accounting or finance. Anchored in a comprehensive business core curriculum spanning accounting, economics, finance, management, marketing, and operations management, the college features a diverse array of undergraduate business majors, from Accounting to Marketing Management.
Program Length: 4 years
Tracks/concentrations: Business Administration
Cost per Credit: $1,720
Required Credits to Graduate: 28
Accreditation: Association to Advance Collegiate Schools of Business
Bethel University
Bethel University offers a diverse range of business programs at the undergraduate and graduate levels. The university is renowned for its Christian business program, nurturing graduates to promote justice and service within the marketplace. Their undergraduate business program includes a B.S. in Business Management, equipping students with practical business skills and a strong technical foundation. Moreover, this program extends to encompass specialized tracks in Accounting, Business Analysis and Analytics, Finance, Human Resource Management, and Marketing, all built upon a comprehensive core curriculum.
Program Length: 4 years
Tracks/concentrations: Business Administration
Cost per Credit: $445
Required Credits to Graduate: 120
Accreditation: Accreditation Council for Business Schools and Programs
What to Look for in a Business Program in Minnesota
Accreditation Students can look for accredited programs to ensure that it is recognized by bodies like the Association to Advance Collegiate Schools of Business (AACSB). Accreditation signifies adherence to stringent quality and relevance standards.
Hands-on Learning Opportunities For a good business school, programs should feature practical, hands-on learning experiences such as internships, consulting projects, or experiential learning courses, as these experiences offer valuable real-world skills and networking chances.
Curriculum The curriculum should guarantee coverage of an array of business subjects, spanning finance, marketing, management, accounting, and entrepreneurship. A comprehensive curriculum imparts a robust grounding across diverse business facets.
Faculty Expertise It can be helpful to consider the qualifications and expertise of faculty members. Programs with a faculty that boasts relevant industry exposure, advanced degrees, and a notable teaching and research track record should be considered.
Specializations or Concentrations For those drawn to specific business niches, students can explore if the program provides specializations or concentrations in that field, allowing focused study and specialized expertise acquisition.
Tuition and Fees Tuition and fees can vary significantly between institutions and programs, and it is important to consider the financial implications of pursuing a degree. Other expenses such as transportation, textbooks, and personal expenses should also be considered when evaluating the total cost of the program. Students might find the cheapest business degree online to suit their financial needs.
Cost of Living It is important to consider the cost of rent, utilities, food, transportation, and other expenses when choosing a business program in Minnesota. Lifestyle choices can also impact the cost of living.
How can Minnesota’s business schools support career transitions for mid-career professionals?
Minnesota’s business schools are well-equipped to support mid-career professionals looking to transition or advance in their careers. Here are some ways these institutions cater to the unique needs of experienced professionals:
Flexible Program Formats. Many business schools offer flexible program formats such as part-time, evening, and weekend classes, as well as online and hybrid options. These flexible formats allow mid-career professionals to balance work, personal life, and studies.
Executive and Accelerated Programs. Schools like the University of St. Thomas and the Carlson School of Management offer executive MBA and accelerated MBA programs tailored to professionals with significant experience. These programs provide a condensed, rigorous curriculum to help professionals advance in their current field or pivot to a new industry.
Career Coaching and Personalized Support. Business schools in Minnesota provide dedicated career coaching services tailored to mid-career transitions. Coaches offer personalized support in areas like resume building, interview preparation, and job search strategies, helping professionals navigate a successful transition.
Networking Opportunities. Institutions facilitate connections with industry professionals and alumni networks, often organizing exclusive networking events, alumni panels, and meet-and-greets specifically for executive and graduate program participants. This networking helps professionals gain insights into new industries and connect with potential mentors.
Specialized Certifications and Short Courses. Many Minnesota business schools offer certifications and short courses in specialized areas like data analytics, project management, and digital marketing. These programs allow professionals to acquire new skills relevant to their career goals without committing to a full degree program.
Experiential Learning and Consulting Projects. Schools incorporate hands-on learning through consulting projects, allowing mid-career students to apply new skills to real-world business problems. These experiences provide valuable insights into new industries and build practical skills for a smooth career transition.
How will business education evolve in Minnesota?
The business landscape is constantly evolving, and Minnesota's business schools are well-positioned to adapt and prepare students for the future. Here are some potential trends in business education within the state:
Increased Focus on Technology and Data Analytics: Business professionals increasingly rely on technology and data to make informed decisions. Business schools will likely incorporate more courses and practical experiences in data analysis, digital marketing, and artificial intelligence (AI) to equip graduates with the necessary skills.
Enhanced Experiential Learning: Hands-on learning through internships, simulations, and real-world projects will likely become even more prominent. This allows students to apply theoretical knowledge to practical situations and develop critical business acumen.
Growth of Online and Hybrid Programs: The demand for flexible learning options is likely to continue. Business schools may offer a wider range of online and hybrid programs, catering to working professionals and geographically dispersed students.
Emphasis on Soft Skills and Global Business Acumen: While technical skills remain crucial, soft skills like communication, collaboration, and problem-solving will become even more critical in a dynamic business environment. Business schools may integrate these into their curriculum alongside fostering a global perspective to prepare graduates to thrive in an interconnected world.
Specialization in Emerging Fields: Businessadministration degree salary offers strong earning potential, and as the job market evolves, specializations in sustainability, blockchain, or the sharing economy can further enhance salary prospects. This allows graduates to pioneer and contribute to emerging industries.
What Other Career Paths Are Available to Business Graduates in Minnesota?
Business graduates in Minnesota have a wide range of career paths to choose from, beyond the traditional business roles. For instance, those interested in urban planning schools in Minnesota can leverage their business skills to excel in this field. Other career paths may include roles in non-profit management, public policy, or environmental sustainability, where business acumen is highly valued. By considering these alternative career paths, business graduates in Minnesota can expand their job prospects and make a meaningful impact in their chosen field.
Can business skills be leveraged in emerging interdisciplinary fields?
Business education in Minnesota is increasingly intersecting with other sectors characterized by rapid innovation and growth. Graduates equipped with strong business fundamentals are finding opportunities to collaborate with fields such as health, wellness, and consumer sciences. These interdisciplinary approaches enable professionals to apply analytical, strategic, and operational skills to emerging markets, fostering ventures in sectors that traditionally fall outside of conventional business roles. For example, integrating business acumen with industry-specific expertise can open pathways for entrepreneurship in the health and nutrition space—explore how to become a nutritionist in Minnesota as a targeted example of such a crossover opportunity, which highlights the potential for diversification and career enhancement.
What are the admission requirements for Minnesota business programs?
Applicants are evaluated based on a combination of academic records, standardized test scores, professional experience, and personal statements. Admission criteria typically include a minimum GPA threshold, letters of recommendation, and a clear articulation of career objectives. Graduate programs also emphasize relevant industry experience and professional certifications. Institutions may vary their requirements, so it is advisable for prospective students to consult each program’s guidelines before applying. Moreover, some programs assess analytical aptitude by integrating core business principles similar to those in an economics degree.
How can integrating psychology advance business strategies in Minnesota?
In today’s dynamic business landscape, blending psychological insights with business education offers a distinct advantage for strategic leadership, enhanced marketing approaches, and effective team management. Minnesota institutions are increasingly incorporating interdisciplinary electives and research initiatives that empower students to understand human decision-making processes, driving innovation and competitive edge. Such integration sharpens skills in areas like consumer behavior analysis and employee motivation, ultimately leading to improved operational performance. For further exploration of interdisciplinary opportunities, consider reviewing the best colleges for psychology in Minnesota.
How do Minnesota business schools boost career placement and networking opportunities?
Minnesota business schools provide comprehensive support through dedicated career centers, tailored mentorship programs, and strategic partnerships with regional and national employers. These institutions routinely organize recruitment fairs, networking events, and internship programs that give students direct access to industry leaders. Enhanced by strong alumni networks, students benefit from ongoing professional guidance and job referrals. Moreover, curricula are frequently updated to reflect current market trends and technological advancements, ensuring graduates are well-equipped for evolving career landscapes. Prospective students can also consider exploring our article on the easiest business degrees as an alternative pathway to entering the dynamic business environment.
Can business skills create leadership opportunities in healthcare and behavioral services?
Minnesota business programs are increasingly emphasizing leadership, strategic management, and operational efficiency—skills that are invaluable in managing healthcare and behavioral services organizations. Graduates can apply their expertise to streamline operations, improve funding strategies, and enhance overall service delivery in emerging sectors. Moreover, the analytical and managerial competencies cultivated in these programs offer a solid foundation for professionals who wish to transition into administrative roles within treatment centers or related fields. For those exploring direct service pathways, consider reviewing how to become a licensed substance abuse counselor in Minnesota.
How are technological innovations integrated into Minnesota business programs?
Minnesota’s business programs are increasingly harnessing advanced digital tools to enrich learning outcomes and streamline real-world applications. Institutions are incorporating data analytics, simulation software, and cloud-based collaboration platforms into their curricula to build competencies that align with evolving industry standards. This approach not only supports analytical and strategic decision-making but also prepares students to navigate complex technological environments. In accounting, for example, the integration of automated reporting and cybersecurity measures complements traditional credentialing pathways such as how to become a CPA in Minnesota, ensuring graduates are equipped for both current and future market demands.
How can a business degree support a transition into legal careers?
Business education in Minnesota develops analytical, strategic, and communication skills that are highly applicable in legal settings. These programs often provide rigorous training in negotiation, critical thinking, and ethical decision-making, which can facilitate smooth transitions into legal support roles. Graduates may find opportunities in legal administration, corporate legal departments, or as paralegal professionals, where their background in business adds value in managing case documentation, client communications, and operational processes. For a detailed guide on leveraging these skills toward a legal career, refer to how to become a paralegal in Minnesota.
Can forensic science enhance business risk management in Minnesota?
Incorporating forensic science principles into business education can empower graduates to bolster organizational risk management and uphold ethical standards. Some Minnesota business schools are exploring interdisciplinary approaches that equip students with forensic methodologies for detecting and preventing financial irregularities. These integrated modules emphasize analytical investigation techniques to support enhanced due diligence and fraud mitigation strategies—an asset for industries where regulatory compliance is paramount. For additional insight on specialized training pathways, review forensic scientist education requirements in Minnesota.
Can business programs prepare students for healthcare and pharmacy management roles?
Business education in Minnesota increasingly addresses the complexities of healthcare administration and pharmacy operations by integrating specialized coursework in healthcare management, regulatory compliance, and operational strategy. These programs equip graduates with analytical and financial skills necessary to lead in settings where business acumen intersects with the healthcare sector. In particular, understanding industry-specific standards and regulatory frameworks is vital, as successful management often requires navigating both clinical guidelines and business practices. Aspiring leaders focused on pharmacy operations are encouraged to explore pharmacist licensure requirements in Minnesota to better comprehend the intricacies of licensure and its impact on operational decision-making.
How do Minnesota business schools compare for earning potential?
When selecting a business school, one critical consideration is the earning potential it offers graduates. Minnesota’s top institutions, such as the Carlson School of Management at the University of Minnesota and the University of St. Thomas, are renowned for producing graduates with competitive salaries. According to a recent report, MBA graduates from the Carlson School have an average starting salary of over $115,000, reflecting the high value of an advanced business degree in the state.
For those seeking expedited pathways, one year MBA programs online provide a compelling alternative. These programs combine flexibility with high earning potential, enabling professionals to accelerate their career growth without extended time away from the workforce. Programs like these ensure graduates enter or return to the job market equipped with in-demand skills and qualifications.
Earning potential also depends on specialization. Graduates in fields like finance, management consulting, and data analytics often command higher salaries. Additionally, networking opportunities and connections with industry leaders through Minnesota's business schools enhance career prospects and salary growth. By carefully evaluating program outcomes, prospective students can make informed decisions about where to invest their time and resources.
Accounting Focus and CPA Preparation in Minnesota
For those considering a career as a Certified Public Accountant (CPA) in Minnesota, understanding the academic pathways and licensing requirements is crucial. Programs at institutions such as the Carlson School of Management and the University of St. Thomas offer accounting degrees that meet educational prerequisites for the CPA exam while also providing access to resources such as CPA prep courses. These programs focus on technical skills in auditing, tax, and compliance, as well as ethical and professional standards.
Additionally, students aiming for CPA certification can explore resources on how to become a CPA in Minnesota, which outline detailed steps, including education, examination, and experience requirements. This guide serves as a valuable tool for charting a clear path toward achieving CPA credentials and succeeding in Minnesota's thriving business landscape. Business schools enhance this journey by fostering strong alumni networks and connections with leading accounting firms, ensuring graduates are well-prepared for the demands of the profession.
Best Business Schools in Minnesota
The business world is continually evolving. It is driven by technological advancements, globalization, and changing market trends. The best business schools adapt their curricula to these shifts, ensuring graduates are equipped with the most current knowledge and skills, positioning them in better career opportunities.
Minnesota offers a range of prestigious business schools that provide excellent academic programs and real-world relevance. When choosing from the best business schools in Minnesota, it is important to consider factors such as accreditation, hands-on learning opportunities, curriculum, and cost of living. By carefully evaluating these aspects, aspiring business professionals can make an informed decision and select the best-fitting business school to achieve their educational and career goals. Students can pursue degrees in business, including a management degree in supply chain. With the state’s diverse economy and positive job outlook in the business sector, pursuing a business degree in Minnesota can lead to exciting opportunities and a rewarding career.
Key Insights
Favorable Business Climate: Minnesota offers a business-friendly environment with competitive tax rates, pro-business policies, and streamlined regulatory processes, making it an attractive location for business professionals.
Strong Job Growth: The business and financial sector in Minnesota is projected to grow by 7% from 2021 to 2031, adding about 715,100 new jobs and creating numerous opportunities for business graduates.
Diverse Career Opportunities: Minnesota's economy supports a wide range of business careers, including roles as sales representatives, financial analysts, accountants, and business administrators. Entrepreneurs can also find lucrative opportunities in the state.
High-Quality Education: Minnesota hosts several prestigious business schools that offer comprehensive programs blending academic rigor with practical relevance. Institutions such as the University of Minnesota’s Carlson School of Management and St. Mary’s University of Minnesota are known for their strong business curricula.
Flexible Program Options: Business programs in Minnesota vary in duration and format, including online options and accelerated tracks, providing flexibility for students and working professionals.
Cost Considerations: Tuition for business programs in Minnesota varies widely. While some programs are cost-effective, others, like the MBA program at the University of Minnesota, are more expensive. Financial planning and consideration of additional costs like living expenses and fees are essential.
Accreditation and Reputation: Selecting accredited programs ensures adherence to high educational standards and better recognition by employers. Accreditation by bodies like the AACSB is a significant factor to consider.
FAQ
Is a career in business a good choice in Minnesota?
Yes, a career in business is a good choice in Minnesota due to the state's diverse economy, favorable business climate, and numerous job opportunities in various sectors. The state’s projected job growth and positive outlook for business jobs further enhance its appeal for business professionals.
What is the typical length of business programs in Minnesota?
Business programs in Minnesota typically range from two to four years. Undergraduate programs generally take four years to complete, while certificate programs can take around two years. MBA programs vary, with some expedited online options available in as little as 12 months.
How much do business programs in Minnesota cost?
The cost of business programs in Minnesota varies by institution and program. The average annual cost for in-state students is around $19,621. Tuition for specific programs, such as the MBA at the University of Minnesota’s Carlson School of Management, can be higher, while other programs like the Bachelor of Science in Business Administration may be more affordable.
What are some top business schools in Minnesota?
Top business schools in Minnesota include the University of Minnesota’s Carlson School of Management, St. Mary’s University of Minnesota, Gustavus Adolphus College, the University of St. Thomas, and Bethel University. These institutions offer a range of undergraduate and graduate business programs with strong curricula and faculty expertise.
What should I look for in a business program in Minnesota?
When choosing a business program in Minnesota, consider factors such as accreditation, hands-on learning opportunities, curriculum comprehensiveness, faculty expertise, available specializations, tuition and fees, and the cost of living in the area.
Are online business programs available in Minnesota?
Yes, many institutions in Minnesota offer online business programs, providing flexibility for students and professionals. These programs can range from undergraduate degrees to MBA and specialized master's programs, allowing for convenient scheduling and study from anywhere.
How does the cost of living affect the choice of business school in Minnesota?
The cost of living can significantly impact the overall expenses of attending a business school in Minnesota. It's important to consider housing, utilities, food, transportation, and other personal expenses when evaluating the total cost of a business program.
What kind of job outlook can business graduates expect in Minnesota?
Business graduates in Minnesota can expect a positive job outlook with numerous opportunities across various sectors. The state's diverse economy and projected job growth in the business and financial sector provide a strong foundation for career advancement and entrepreneurial ventures.
Can I specialize in a specific area of business in Minnesota?
Yes, many business programs in Minnesota offer specializations or concentrations in specific areas such as accounting, finance, marketing, management, and entrepreneurship. Choosing a specialization can provide focused study and help develop expertise in a particular field.
How important is accreditation when choosing a business program?
Accreditation is very important when choosing a business program as it ensures the program meets high educational standards and is recognized by employers. Accredited programs, especially those recognized by bodies like the AACSB, provide quality education and better career prospects for graduates.
What opportunities for entrepreneurship and startup support are available at Minnesota’s business schools?
Minnesota’s business schools offer robust support for entrepreneurship and startups, providing a nurturing environment for aspiring entrepreneurs. Many schools feature dedicated entrepreneurship centers, incubators, and accelerators that offer resources such as mentorship, funding, and workspace. Students can participate in business plan competitions, startup pitch events, and workshops to refine their ideas and skills. Collaborations with local businesses and industry leaders provide real-world experience and networking opportunities. Additionally, courses focused on entrepreneurship and innovation equip students with the knowledge and tools needed to launch and grow successful ventures. These comprehensive resources foster a vibrant entrepreneurial ecosystem within Minnesota’s business schools.