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Best Business Schools in Tennessee – 2025 Accredited Colleges & Programs
Tennessee has been facing alarming rates of poverty nowadays, with more than 1 in 8 residents—or 13.6% of its population—barely making ends meet. Tennesseans aiming to improve their financial situation may consider venturing into the business world. Learning the ropes of the management aspect of business opens you up to numerous career opportunities in diverse industries. Fortunately, business schools in Tennessee are fully prepared to help you develop the necessary skills and knowledge you need to become a business professional.
To get you started, our team at Research.com created this detailed guide to the top business schools in Tennessee, the undergraduate and graduate programs they offer, and the tuition and fees to expect. Explore how taking up business for your college education may positively influence your salary and job security, and begin your journey toward personal, educational, and professional success.
Best Business Schools in Tennessee Table of Contents
Thanks to business schools in Tennessee, business and financial operations professionals have the potential to make a decent living in the state. Below, learn more about the cost of living in the state, the estimated median annual wage of these workers, and the diverse career options provided by local industries.
Cost of Living. Tennessee is known to be one of the poorest states in the United States (US). Its 12-month per capita income of $32,908 in 2021 (US Census Bureau, 2022) is just under the $33,257 gross annual income necessary for single adults without children to make ends meet in the state in 2023 (Glasmeier & Massachusetts Institute of Technology, 2023). Given the two-year gap between the available data, the Volunteer State may have had enough resources to progress, but the dire situation is worth noting.
Income Potential. In 2022, business and financial operations professionals in Tennessee had an estimated median annual wage of $57,849.6 [US Bureau of Labor Statistics (US BLS), 2023], which is close to the state’s $58,516 median household income in 2021 (US Census Bureau, 2022).
Career Opportunities. While Tennessee’s economy primarily depended on agriculture before World War II, the manufacturing and service industries largely contribute to the state’s gross domestic product (GDP) today. Therefore, job hunters may seek opportunities in Tennessee businesses in manufacturing, such as those in technology, transportation, and food and beverage. They may also find that they are eligible to fill several positions in government, education, and healthcare, among other booming sectors.
Business Program Length in Tennessee
The duration of programs offered by Tennessee business schools depends on the institution, the degree level, and the area of concentration. Traditional on-campus business degree programs at the undergraduate level usually take four years to complete, and master’s degree programs may require two years. Meanwhile, doctoral programs in business may take three to five years, depending on the area of specialization and program requirements. Moreover, employed students must take their work schedule into consideration to ensure that they fulfill their school and work responsibilities.
Tuition and Costs of Business Programs in Tennessee
Business schools in Tennessee may charge undergraduate students between $355 and $1,641.67, while they may require graduate students to pay between $532 and $1,779. These tuition rates may or may not include other academic expenses, such as technology fees, university service fees, and non-resident fees. Therefore, out-of-state students must verify with their academic institution the tuition and fees that they are required to pay. Moreover, they must take other personal expenses into account, which may include housing, meals, and transportation.
College in the US can be costly, so much so that many college students and graduates owe thousands of dollars in student-loan debt. Fortunately, many business schools in Tennessee, private organizations, and government agencies offer scholarship programs. You may also check if your place of employment provides employees with educational assistance.
Tennessee Schools Offering Business Programs for 2025
Accreditation is one of the hallmarks of the credibility of an academic institution and the quality of a business program. Notably, the following best business schools in Tennessee are accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC). Meanwhile, their undergraduate and graduate business programs are accredited by the Association to Advance Collegiate Schools of Business (AACSB).
1. University of Tennessee—Knoxville
Founded in 1914, the University of Tennessee—Knoxville’s Haslam College of Business has almost 7,000 students enrolled and an average freshman GPA of 3.89 today. It is one of the business colleges in Tennessee that offers on-campus programs at the bachelor’s, master’s, and doctoral levels. As of 2023, resident undergraduate students spend $490 per credit, while non-resident undergraduate students pay $1,266 per credit. In contrast, resident graduate students are charged $751 per credit, while non-resident graduate students are charged $1,779.
PhD in Strategy, Entrepreneurship, & Organizations
PhD in Supply Chain Management
2. University of Memphis
Founded in 1912, the University of Memphis is a prominent SACSCOC-accredited research institution in Tennessee with over 21,000 students each year. Its Fogelman College of Business and Economics is also one of the Tennessee business colleges that provide aspiring and current professionals with undergraduate and graduate-level AACSB-accredited programs on campus. In-state undergraduate students are required to pay $355 per credit, while out-of-state undergraduate students pay $540 per credit. For graduate students, residents are charged $532 per credit, while non-residents are charged $755 per credit.
Undergraduate Programs:
Accounting
Business Economics
Finance
International Business
HR Management
Management
Management Information Systems
Marketing
Supply Chain Management
Graduate Programs:
Professional MBA
Master of Science in Accounting
Master of Arts in Economics
Master of Science in Finance
Master of Science in Information Systems
Dual Degrees: JD/MBA, PharmD/MBA, & MHA/MBA
PhD in Accounting
PhD in Economics
PhD in Finance
PhD in Management
PhD in Management Information Systems
PhD in Marketing
3. Tennessee Technological University
Commonly called “Tech" by locals, Tennessee Technological University is home to eight academic schools and colleges. Its College of Business is another one of the AACSB-accredited business schools in Tennessee. Tech offers business programs at the bachelor’s and master’s levels only. Each semester, resident undergraduate business students are required to pay $11,467 for their tuition, while non-resident undergraduate students pay $13,567. On the other hand, resident graduate students spend $777 per credit, while non-resident graduate students spend $917 per credit.
Undergraduate Programs:
Analytics
Accounting
Economics
Finance
General Management
HR
Information Technology
International Business and Cultures
Marketing
Operations Management
Graduate Programs:
MBA
Master of Accountancy
4. Vanderbilt University
Founded in 1873, Vanderbilt University is one of the business schools in Tennessee that highlight community in their educational philosophy. This commitment to the community is manifested by its Hoogland Undergraduate Business Program, a collaborative effort between the Owen Graduate School of Management and the other four academic schools of the university. The undergraduate program draws from foundational courses designed by the Owen Graduate School of Management as well as from elective courses developed by other academic schools. Moreover, the university offers MBA programs, specialized master’s programs, and certificate programs.
Undergraduate Program: Hoogland Undergraduate Business Program
Graduate Programs:
MBA
Executive MBA
Master of Science in Finance
Master of Accountancy, Assurance Concentration
Master of Accountancy, Valuation Concentration
Master of Marketing
Master of Management in Healthcare
5. Belmont University
Belmont University’s Jack C. Massey College of Business offers 13 undergraduate programs that are designed to equip you with essential business skills, knowledge, and experiences, whether you aim to join top global companies or venture into entrepreneurship and build your own business in Tennessee. The university also provides practicing professionals with the opportunity to advance in their careers with four MBA options and a Master of Accountancy program. As of 2023, undergraduate students are required to pay about $1,641.67 per credit, while graduate students are required to pay $1,500 per credit.
What to Look for in a Business Program in Tennessee
Fortunately, for aspiring professionals, many business schools in Tennessee are accredited by the SACSCOC and the AACSB. This seal of approval is one of the criteria that you must explore when deciding on your program. The following are some of the other qualifications that you must deeply look into to help you determine the academic institution and business degree concentration that is best for you.
Program Availability. To become one of the 157,050 business and financial operations professionals in Tennessee (US BLS, 2023), ensure that your preferred business schools in Tennessee offer the degree that is relevant to your aspired specialization and career goals. Not all institutions have the resources to develop programs for each area of concentration and degree level. Thus, you must check with your selected schools to find out about the programs that are currently available to students.
Faculty Credibility. Faculty members must have the appropriate educational and professional credentials to be capable of teaching fundamental and advanced concepts, tools, and skills in the best business colleges in Tennessee.
Affordability. Program costs are a huge factor when it comes to your education. You must ensure that you have the budget to afford your degree. Fortunately, as previously mentioned, scholarship programs from business schools in Tennessee, your employer, or private organizations may be available to financially support you, as long as you meet their requirements.
How can Tennessee business students expand their career networks while still in school?
Expanding career networks is crucial for Tennessee business students aiming to establish valuable connections and enhance job opportunities upon graduation. Here are several ways students can develop strong professional networks:
Join Student and Professional Organizations. Many business schools in Tennessee offer student-led organizations and chapters of professional associations such as the American Marketing Association (AMA) or the Society for Human Resource Management (SHRM). Active involvement in these groups allows students to meet like-minded peers and industry professionals, attend events, and participate in networking mixers.
Participate in Industry-Specific Events. Tennessee has a vibrant music industry in Nashville and a growing healthcare sector in cities like Memphis. Students should attend local industry conferences, job fairs, and business expos to connect with professionals from these fields. Many universities also host business-specific career fairs, giving students a chance to network with recruiters.
Engage in Internship and Mentorship Programs. Internships provide practical experience and a way to build connections within a chosen industry. Many Tennessee universities offer mentorship programs where students can be paired with alumni or local business leaders for career guidance and networking opportunities.
Leverage Campus Resources. Career services offices often organize workshops, seminars, and “meet-the-employer” events, which are excellent for networking. These offices can also help students connect with alumni networks, providing insights and contacts across various industries.
Attend Guest Lectures and Panel Discussions. Business schools frequently invite industry experts to speak on campus. By attending these events, students can gain insights into different sectors, ask questions, and introduce themselves to speakers after the event to initiate connections.
Exploring Specialized Business Roles: Accounting and Finance Careers
Accounting and finance are critical pillars of the business world, offering robust career opportunities for Tennesseans who wish to thrive in specialized roles. Business schools in Tennessee equip students with foundational knowledge in accounting principles, financial planning, and regulatory compliance essential for advancing in industries like healthcare, manufacturing, and education.
Pursuing a degree with a specialization in accounting or finance opens the gateway to high-demand career paths such as financial analysts, auditors, controllers, and Certified Public Accountants (CPAs). For those specifically interested in accounting, Tennessee provides a clear pathway for CPA licensure, an esteemed credential that enhances professional credibility and career earning potential. To learn more about the educational steps and licensure process, including studying at top-ranked programs, explore our guide on how to become a CPA in Tennessee.
Additionally, accounting and finance students frequently benefit from networking opportunities through internships, conferences, and mentorship, which leading Tennessee business programs facilitate. This hands-on industry exposure positions graduates to seamlessly enter the workforce and excel in specialized roles. For Tennessee residents, careers in these fields not only fulfill personal financial aspirations but also contribute to the state's economic growth by ensuring effective financial management across enterprises.
Choosing Between Traditional On-Campus vs. Online Business Programs
Aspiring business professionals in Tennessee have the flexibility to choose between traditional on-campus and online business programs. Both options offer distinct advantages, and the ideal choice depends on your individual learning style, schedule, and goals.
Traditional On-Campus Programs:
Immersive Learning Environment: Traditional programs offer a vibrant student life, fostering collaboration and networking opportunities with peers and faculty.
Structured Learning: On-campus programs provide a set schedule and in-person interaction, promoting focus and routine.
Access to Campus Resources: Students benefit from dedicated career services, libraries, and specialized labs on campus.
Online Business Programs:
Flexibility and Convenience: Online programs allow you to study at your own pace and around your existing commitments.
Reduced Costs: Online programs often have lower tuition fees compared to on-campus programs, minimizing educational expenses.
Geographic Freedom: Location becomes irrelevant, allowing you to pursue a degree from a prestigious Tennessee university regardless of your residence.
Ultimately, the best program format aligns with your learning preferences and career aspirations. Consider your time management skills, desired level of interaction, and business degree online cost to make an informed decision that optimizes your educational journey.
How can interdisciplinary expertise drive innovative business solutions in Tennessee?
Business professionals in Tennessee can gain a competitive advantage by combining core business strategies with insights from complementary industries. Integrating disciplines such as health sciences with business acumen not only diversifies one’s skill set but also fosters innovative approaches to market challenges. Graduates may leverage emerging trends, such as the growing demand for wellness and nutrition expertise, to develop niche products, services, or consultancy practices that respond to local consumer needs. For example, understanding consumer health trends can be instrumental when creating targeted business strategies in sectors where wellness is a priority. Aspiring professionals interested in this intersection should consider exploring educational pathways that offer a blend of business management and applied health studies, which can lead to unique leadership roles in emerging markets. To further enhance interdisciplinary capabilities, consider researching how to become a nutritionist in Tennessee as a pathway to integrate nutritional expertise within business frameworks.
What is the ROI of a Business Degree in Tennessee?
Business degree programs in Tennessee not only offer quality education but also present measurable return on investment (ROI) metrics for graduates. Prospective students should evaluate the balance between program costs—including tuition and fees—and potential long-term earnings. Analyzing factors such as starting salaries, career progression, and access to robust career resources is essential for a well-informed decision. For instance, certain concentrations have proven to yield strong financial outcomes in the region. Explore insights on emerging trends and specialized fields to understand how some areas consistently produce competitive results, as highlighted by the highest paying MBA concentrations.
How can integrating psychological insights benefit business professionals in Tennessee?
Integrating psychological principles within business education equips professionals with enhanced emotional intelligence, refined leadership skills, and a deeper understanding of consumer behavior. These insights elevate decision-making processes and foster effective team dynamics by addressing underlying human factors. By merging business acumen with psychology, graduates can better navigate organizational challenges and capitalize on emerging market trends. For further interdisciplinary opportunities, consider exploring the best colleges for psychology in Tennessee.
How can practical experience boost career success in Tennessee?
Tennessee business programs increasingly emphasize hands-on learning opportunities that extend classroom theory into real-world application. Many institutions partner with local industries to offer internships, co-ops, and live projects that refine students’ technical and soft skills. These experiences facilitate a smooth transition from academic settings to professional roles by enabling graduates to apply innovative strategies, manage real operational challenges, and build valuable industry connections. Additionally, career services at these schools offer tailored guidance and access to recruiting events that bridge the gap between education and the competitive marketplace. For a deeper exploration of available career paths in business, consider researching specialized programs that align with Tennessee’s dynamic economic sectors.
What Specialized Fields Can Business Graduates in Tennessee Pursue?
Business graduates in Tennessee can explore various specialized fields beyond traditional business roles, including urban planning. To learn more about becoming an urban planner, visit urban planning schools in Tennessee to discover the educational pathways and career opportunities available in this field. This can provide a unique blend of business acumen and planning expertise, allowing graduates to contribute to the state's economic development and community growth.
How do leadership-focused business degrees benefit Tennessee students?
Leadership-focused business degrees equip students with the skills necessary to excel in managerial and executive roles, providing them with a competitive edge in Tennessee's diverse job market. These programs emphasize strategic thinking, organizational behavior, and decision-making—core competencies for leading teams and driving business growth.
One of the standout benefits of pursuing a leadership degree in Tennessee is its alignment with the state's economic landscape. With thriving industries like healthcare, manufacturing, and the music business, graduates with leadership expertise are well-positioned to secure roles such as operations managers, project leads, or C-suite executives. These industries actively seek professionals who can navigate complex challenges and foster innovation.
Moreover, students pursuing leadership-focused degrees can take advantage of flexible learning formats, including online programs. For instance, this online MBA in leadership provides a practical option for working professionals or those juggling personal commitments. These programs combine theoretical knowledge with real-world application, ensuring that graduates are ready to tackle Tennessee's evolving business needs.
In addition to career readiness, leadership programs often emphasize networking through mentorships, internships, and alumni events, further expanding opportunities in Tennessee's dynamic job market. For students aspiring to influence the business world, leadership-focused degrees offer the tools and connections to succeed.
Succeed as a Business Professional in Tennessee
Assess the colleges in Tennessee for business and local career opportunities if you are determined to become a business professional and live in the state. Getting accepted into the top schools may be difficult but your path to career success starts with the education that you will receive and the professional network that you will establish. Therefore, it is crucial to select the academic institution and business program that are most suitable for you and your goals.
Key Insights
Economic Opportunity: Tennessee offers a conducive environment for business majors due to its diverse industries, including manufacturing, technology, transportation, and healthcare, providing ample job opportunities for graduates.
Income Potential: Business and financial operations professionals in Tennessee earn a median annual wage of $57,849.6, which is competitive considering the state's lower cost of living compared to many other states.
Program Duration: Undergraduate business programs typically take four years to complete, while master’s degree programs require two years, and doctoral programs can range from three to five years.
Tuition Costs: Undergraduate tuition costs range from $355 to $1,641.67 per credit, while graduate tuition ranges from $532 to $1,779 per credit, with variations depending on residency status and the institution.
Accreditation: Many top business schools in Tennessee are accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) and the Association to Advance Collegiate Schools of Business (AACSB), ensuring high educational standards.
Financial Support: Numerous scholarship programs are available from business schools, private organizations, and government agencies to help mitigate the costs of business education.
High Graduation Rates: Tennessee business schools have high graduation rates, with institutions like the University of Tennessee—Knoxville and Vanderbilt University offering robust programs and strong support networks for students.
How can business expertise support transitions into social services?
Business graduates in Tennessee are increasingly leveraging their strategic planning and financial management skills to drive effectiveness in social service sectors. These professionals apply their knowledge in resource allocation, operational optimization, and leadership to improve service delivery and program administration within community-focused organizations. This cross-disciplinary approach enables innovative management practices that address the challenges of public health and community support, ensuring that services are both efficient and responsive to local needs. For instance, integrating core business competencies with specialized training can empower professionals to take on administrative roles in health services. Discover more about one such pathway by learning how to become a licensed substance abuse counselor in Tennessee.
How can obtaining professional certifications enhance your business career in Tennessee?
Earning professional certifications provides a competitive advantage by validating technical expertise, enhancing ethical standards, and paving a clear pathway to advanced roles in finance and management. Specialized certifications, such as how to become a CPA in Tennessee, offer structured development tailored to the demands of Tennessee’s evolving business landscape. These credentials underscore a commitment to ongoing professional growth and can significantly improve marketability, leading to leadership opportunities and higher earning potential.
How can legal expertise enhance your business strategy in Tennessee?
Integrating legal insights into your business strategy empowers professionals to navigate complex regulatory environments, optimize contractual agreements, and mitigate operational risks. This approach ensures that business decisions are informed by an understanding of compliance, dispute resolution, and labor laws crucial to Tennessee’s competitive market. For those interested in building foundational legal skills to complement business acumen, explore how to become a paralegal in Tennessee.
How can forensic science expertise enhance business risk management in Tennessee?
Businesses in Tennessee are increasingly adopting advanced investigative techniques to safeguard against fraud and operational discrepancies. Integrating forensic science methodologies enables precise analysis of financial records, identification of irregularities, and implementation of robust compliance measures. This proactive approach not only minimizes risk but also builds stakeholder confidence by ensuring transparent operations. Professionals interested in bridging these fields are encouraged to explore further studies that align with forensic scientist education requirements in Tennessee, enhancing their proficiency in fraud detection and risk mitigation.
How can pharmaceutical expertise support business innovation in Tennessee?
Professionals with pharmaceutical expertise can enhance business innovation by integrating critical regulatory insights and operational efficiencies from the healthcare sector. This skillset provides companies with a unique advantage in optimizing supply chains, ensuring product safety, and meeting stringent compliance requirements. Leveraging knowledge in medication management and industry regulations can facilitate strategic partnerships, drive service differentiation, and foster new revenue streams within Tennessee's competitive market. For those considering this interdisciplinary approach, review the pharmacist licensure requirements in Tennessee to align business strategies with essential healthcare standards.
FAQ
What are the top business schools in Tennessee?
The top business schools in Tennessee include the University of Tennessee—Knoxville, the University of Memphis, Tennessee Technological University, Vanderbilt University, and Belmont University. These schools are known for their accredited programs and strong industry connections.
How long does it take to complete a business degree in Tennessee?
A typical undergraduate business degree takes four years to complete. Master's degree programs usually take two years, while doctoral programs can range from three to five years, depending on the area of specialization and the program’s requirements.
What is the cost of business programs in Tennessee?
Undergraduate business programs in Tennessee cost between $355 and $1,641.67 per credit, while graduate programs cost between $532 and $1,779 per credit. These costs may not include additional academic fees or personal expenses.
Are there financial aid options available for business students in Tennessee?
Yes, many business schools in Tennessee offer scholarships, grants, and financial aid programs. Additionally, private organizations and government agencies provide financial support for eligible students. It is advisable to check with individual schools for specific financial aid opportunities.
What career opportunities are available for business graduates in Tennessee?
Business graduates in Tennessee can find career opportunities in diverse sectors such as manufacturing, technology, transportation, healthcare, government, education, and finance. The state’s economy provides a robust job market for business professionals.
Is Tennessee a good state for business majors?
Yes, Tennessee is a good state for business majors due to its competitive job market, substantial wages in business occupations, and lower cost of living compared to other states. The state offers numerous opportunities for career growth and professional development.
What are the admission requirements for business programs in Tennessee?
Admission requirements for business programs vary by institution but generally include a high school diploma or equivalent for undergraduate programs, and a bachelor’s degree for graduate programs. Additional requirements may include standardized test scores (SAT, ACT, GMAT, or GRE), letters of recommendation, a personal statement, and relevant work experience.
Can I pursue a business degree online in Tennessee?
Yes, many business schools in Tennessee offer online degree programs at both the undergraduate and graduate levels. These programs provide flexibility for working professionals and those with other commitments.
What are the benefits of attending an accredited business school in Tennessee?
Attending an accredited business school ensures that the education you receive meets high standards of quality and is recognized by employers. Accreditation by bodies such as AACSB and SACSCOC enhances the value of your degree and improves your career prospects.
How do business school graduates in Tennessee fare in the job market?
Business school graduates in Tennessee generally fare well in the job market. Graduates from institutions like the University of Tennessee and Vanderbilt University have high employment rates, with many securing job offers within six months of graduation. The state’s diverse economy supports strong career outcomes for business professionals.
How do business schools in Tennessee collaborate with the state's music and healthcare industries to provide unique learning experiences?
Business schools in Tennessee collaborate with the state's music and healthcare industries to provide unique learning experiences by integrating industry-specific courses, internships, and partnerships into their programs. Students can engage in projects and case studies focused on the music industry's business aspects, including management, marketing, and finance. Similarly, collaborations with healthcare organizations offer opportunities to learn about healthcare administration, policy, and innovation. Guest lectures, workshops, and networking events featuring professionals from these industries further enrich the curriculum. These initiatives enable students to gain practical skills and insights, preparing them for successful careers in Tennessee's vibrant music and healthcare sectors.
US Bureau of Labor Statistics. (2023, April 25). May 2022 State Occupational Employment and Wage Estimates, Tennessee. Occupational Employment and Wage Statistics. https://www.bls.gov/oes/current/oes_tn.htm