Located in the heart of the Midwest, Indiana is the 17th most populous state in the nation and the home of more than 6.6 million people. Indianapolis is the state’s capital and largest urban center; more than two million people reside in the city’s metropolitan area. Geographically, the state is largely flat, with till plains making up the northern and central regions and famous sand ridges and dunes along Lake Michigan in the northwest.

Indiana is home to several well-known institutions of higher learning, including Indiana University, Purdue University, and the University of Notre Dame. Nearly all offer online courses, and many host programs that are administered completely online. The state’s high-quality universities, dynamic economy, and steady growth make it a great place to pursue an online MBA.

If you are a state resident, you will likely benefit from lower tuition for most online MBA programs in Indiana. This is because many schools charge much higher rates for out-of-state students. In-state graduate students can expect to pay around $7,800 in tuition, while out-of-state students can pay upwards of $17,000 per year.

There are also numerous programs offering a fully online MBA in Indiana, allowing you greater flexibility as you work toward your degree. The quality of these programs rival their more traditional on-campus counterparts, and you may find that you can complete your degree more quickly and from the convenience of your own home.

In-state graduate students can expect to pay around $7,800 in tuition, while out-of-state students can pay upwards of $17,000 per year.

Some online MBA programs may have in-person requirements that can completed at campuses or instructional centers scattered throughout the state. The state has a relatively low cost of living, although smaller towns and cities are often more affordable than the urban locations of Indianapolis, Fort Wayne, and South Bend.

Most online MBA programs in Indiana require applicants to take the GMAT exam. However, you may apply for a waiver if you meet certain requirements, especially if you have considerable professional experience, have formal training in quantitative methods, or have middle- or senior-level management experience.

Percentage of Students Enrolled by Distance Education
Percentage of students enrolled at Title IV institutions in Indiana, by distance education enrollment status, Fall 2012

MBA Concentrations for Indiana Students

The Indiana online MBA concentrations listed below are especially relevant for those who live and will build their careers in the Hoosier State. While there are many options available, these concentrations may give you an advantage when it comes to securing a job within some of the state’s largest and most robust industries.

 

  • Supply Chain and Operations: The automotive industry is one of the largest in Indiana. An MBA with a focus on supply chain and operations prepares you for logistics, plant, or procurement management positions.
  • Healthcare Management: Healthcare is another major industry in Indiana, and this concentration prepares you for middle- and upper-management roles within hospitals, clinics, government agencies, and insurance companies.

Accreditation in Indiana

Most colleges and universities in Indiana, like those in many other Midwestern states, are regionally accredited by the Higher Learning Commission. This agency examines schools and programs, determining whether they provide quality learning experiences to students. Some online schools receive national accreditation, which is generally considered less rigorous than regional accreditation.

You may also find that some Indiana online MBA programs are independently accredited by the Association to Advance Collegiate Schools of Business. This would come in addition to the regional or national accreditation of the school overall. Securing an advanced business degree from an accredited school or program will prepare you for a wide range of careers across some of the fastest-growing industries in the country.

An online MBA in Indiana prepares you for career opportunities in industries across the region. The state boasts a strong business culture, with the manufacturing, healthcare, and transportation industries all among the state’s top employers. Manufacturing alone is responsible for about one in four jobs in the state.

The Indiana Department of Workforce Development projects healthcare to experience the highest rate of employment growth over the next seven years. In fact, some positions are projected grow by 30 to 40 percent.

The communities of Carmel, Fishers, Noblesville, Jeffersonville, and Columbus are the best places in the state for job seekers. It is worth noting that four out of these five cities are in the Indianapolis metropolitan area, toward the middle of the state.

While there are plenty of employment opportunities in the state, those who receive an online MBA in Indiana also tend to earn considerably more than professionals who hold an associate or bachelor’s degree. There is also greater career growth associated with advanced business degrees.

For many professionals, an MBA is a ticket to higher-level positions and greater earning potential. The concepts you learn, the people you meet, and the experiences you gain all give you an advantage over those who possess only undergraduate degrees. This is backed up by the numbers — salary data from PayScale, below, demonstrates the impact an online MBA in Indiana can have on your pocketbook.

Average Salary by Degree

Careers for MBAs in Indiana

Financial Manager

These professionals play key roles in the financial health of businesses and organizations. They are usually responsible for developing investment strategies, budgeting, and forecasting. The BLS projects the field to grow by 19% by 2026, and the 2016 median annual pay was $121,750.

Compensation and Benefits Manager

Responsible for planning, creating, and monitoring compensation and benefits programs for employees, these professionals are typically among the most important human resources staff members within organizations. The field is expected to grow at a steady rate, with the median salary hovering around $116,000 per year.

Business Executive

With an annual median salary of $103,950 in 2016, executives tend to earn bonuses and other incentives based on the performance of the organizations they lead. They may work for small, medium, or large companies, including those in Indiana’s largest industries of manufacturing and healthcare.

Healthcare Manager

Healthcare managers plan, supervise, and coordinate health services across a range of organizations. Healthcare is one of the fastest-growing sectors in Indiana, and so there are several opportunities for those who hold MBAs to secure leadership roles within the industry. Overall, the BLS projects 17% growth for this career over the next 10 years.

Management Analyst

These professionals are often outside consultants who help businesses and organizations become more efficient and profitable, typically by increasing revenue and reducing costs. The BLS projects 12% growth in the coming years, with analysts making a median annual salary of just over $81,000 in 2016.

Below is a list of the best online MBA programs in Indiana, determined based on the academic quality they deliver, their affordability, and their potential to help students advance in their careers. All schools included in this list are located in Indiana and are either regionally or nationally accredited.

Rank School Location Cost Toggle Logo Tuition % Receiving Financial Aid Student Population School Type Description

Anderson University

Location Anderson, IN Tuition Tuition $20,350 % Receiving Financial Aid 47% Student Population 2,325 School Type Private Visit School Website

Ball State University

Location Muncie, IN Tuition Tuition $18,300 % Receiving Financial Aid 59% Student Population 21,196 School Type Public
Concentrations
Visit School Website

Bethel College - Indiana

Location Mishawaka, IN Tuition Tuition $16,020 % Receiving Financial Aid 76% Student Population 1,719 School Type Private Visit School Website

Grace College & Theological Seminary

Location Winona Lake, IN Tuition Tuition $21,168 % Receiving Financial Aid 57% Student Population 2,303 School Type Private Visit School Website

Indiana Institute of Technology

Location Fort Wayne, IN Tuition Tuition $21,210 % Receiving Financial Aid 85% Student Population 7,542 School Type Private
Concentrations
Visit School Website

University of Southern Indiana

Location Evansville, IN Tuition Tuition $12,900 % Receiving Financial Aid 53% Student Population 10,671 School Type Public
Concentrations
Visit School Website

Indiana University - Bloomington

Location Bloomington, IN Tuition Tuition $69,360 % Receiving Financial Aid 32% Student Population 48,514 School Type Public Visit School Website

Indiana Wesleyan University

Location Marion, IN Tuition Tuition $23,604 % Receiving Financial Aid 70% Student Population 14,730 School Type Private
Concentrations
Visit School Website

Oakland City University

Location Oakland City, IN Tuition Tuition $15,840 % Receiving Financial Aid 14% Student Population 1,450 School Type Private Visit School Website

University of Saint Francis - Fort Wayne

Location Fort Wayne, IN Tuition Tuition $17,100 % Receiving Financial Aid 78% Student Population 2,240 School Type Private
Concentrations
  • Sustainability
Visit School Website

Goshen College

Location Goshen, IN Tuition Tuition $27,324 % Receiving Financial Aid 60% Student Population 870 School Type Private
Concentrations
Visit School Website

Huntington University

Location Huntington, IN Tuition Tuition $21,780 % Receiving Financial Aid 73% Student Population 1,295 School Type Private Visit School Website

Trine University

Location Angola, IN Tuition Tuition $15,965 % Receiving Financial Aid 59% Student Population 3,712 School Type Private Visit School Website
Load 3 More Schools

There are many important considerations to make before settling on an online MBA program in Indiana. These include factors discussed above like cost, accreditation, and available specializations. The following list includes some key steps to follow during the program research process for MBA options in any state.

  • Compare student outcomes data

    Student outcomes include graduation rate, year-to-year retention rate, the average debt for a graduate from that school, and overall student satisfaction with their degree program. Student outcomes do not guarantee you will be satisfied with a particular program, but can be useful for pinpointing a school’s strengths and weaknesses.

  • Estimate the expected costs of your programs

    Virtually every accredited college or university posts tuition rates online. Additionally, you should research other college-related costs like living accommodations and meal plans (if you plan to live on-campus), administrative fees, and technology fees (for online students). You should also look into scholarships, grants, and other forms of institutional financial aid that can offset some of the costs.

  • Check that classes will fit in with your schedule

    Scheduling is critical for students with other important commitments, such as childcare or full-time employment. Many online programs are asynchronous, or self-paced; students in these tracks are free to complete course requirements on their own schedule. Synchronous programs, on the other hand, require weekly online meetings with teachers and fellow students.

  • Look for partnerships with local businesses

    A large number of online MBA programs include internship and/or capstone practicum requirements ― and in many cases, students are able to gain on-the-job training and real-world office experience. You should look into the school’s business partnerships, particularly in regard to the industry you plan to enter after earning your MBA.

  • Make sure the program is accredited

    Accreditation status should always be available and easily accessible on a school’s website. In addition to regional or national accreditation, some MBA pathways receive programmatic accreditation. Recognized programmatic accreditors for MBA programs include the Accreditation Council for Business Schools and Programs (ACBSP) and the International Accreditation Counsel for Business Education (IACBE).

  • Talk to current students and/or recent alumni

    You should contact the alumni office at each school you are considering and ask to be connected with former students. These individuals can be good sources of information about education costs, life on- and off-campus, local business tips, and other important details for aspiring MBA students.