An ideal location for students who wish to pursue an online MBA, Indiana is home to 86 universities and endless educational opportunities. Institutions across the state have embraced distance education and expanded their online offerings, bringing comprehensive programs to students across the country. As a growing number of busy professionals choose to expand their career options with an online MBA, Indiana schools strive to meet the increased demand with high-quality programs.

Read on to learn more about earning an online MBA in Indiana, including concentration options, potential career paths for graduates, and the state's top industries.

Online MBA Programs in Indiana

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 $$$$$ % Receiving Financial Aid 47 Student Population 2,325 Tuition $20,350 School Type Private

Founded in 1917 as a Bible training school, Anderson University, now a private liberal arts institution, offers learners an online master's of business administration with a focus on practical application. The online MBA is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).

The 37-credit hour, broad-based degree includes optional concentrations in eight different disciplines. Each concentration requires learners to take an additional four credit hours. While most students take two classes at once, the non-cohort program allows students to create flexible schedules while completing their degrees in less than two years. Online classes run synchronously as part of the institution's 15-week semesters.

Prior to beginning this Indiana university online MBA program, students must complete an online introductory class. AU requires graduates to maintain a 3.0 GPA and offers in-depth career services assistance for all students. While the online MBA does not include in-person components, learners can switch to the residential program at any of the campus locations should they desire in-person instruction.

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Ball State University
Location Muncie , IN Tuition $$$$$ % Receiving Financial Aid 59 Student Population 21,196 Tuition $18,300 School Type Public

Originated in the 19th century as a teacher training school, Ball State University in Muncie, Indiana offers more than 300 degrees, including 70 online degrees and certificates. The online master's of business administration, which is accredited by the Association to Advance Collegiate Schools of Business (AACSB), provides students with the ability to create their own schedules and degree specializations.

With an overall focus on decision-making, this Indiana online MBA offers a general track and five concentrations. Students with a degree in business need 30-33 credits to graduate, while those without a business degree need up to 51 credits to graduate. BSU offers start dates in the spring, summer, and fall. Students can choose between part-time or full-time study. Most students take two courses per semester and finish the degree within two years.

With no residency requirements for the online MBA degree, students can complete the program from the comfort of their own homes. While most of the classes run synchronously with scheduled webcasts, some classes run asynchronously, which provides even more flexibility.

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Bethel College - Indiana
Location Mishawaka , IN Tuition $$$$$ % Receiving Financial Aid 76 Student Population 1,719 Tuition $16,020 School Type Private

A Christian institution founded in 1947 in Mishawaka, Bethel College offers an online master's of business administration for students seeking an advanced business degree with a leadership emphasis. The 36-credit degree program provides flexibility and allows students to organize their courses around their schedules.

Online students at Bethel can choose from six start dates. With sessions running for seven weeks and multiple courses offered each session, learners can complete their entire degree in less than two years. Though most courses run asynchronously, some courses do require scheduled class times.

For admission into this Indiana university online MBA, learners need a 2.5 GPA from a bachelor's degree program and two years' work experience. Some students may also need to complete an undergraduate prerequisite course in accounting. Students may transfer in up to nine credits. In addition to career services, online students have access to academic coaching resources and tutoring services.

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Grace College & Theological Seminary
Location Winona Lake , IN Tuition $$$$$ % Receiving Financial Aid 57 Student Population 2,303 Tuition $21,168 School Type Private

Established in 1948, the Grace College & Theological Seminary in Winona Lake offers an online master's of business administration that allows students to develop an advanced understanding of business from a biblical perspective. The 36-credit program offers start dates every fall and winter. The program groups students into cohorts and provides the opportunity for collaborative online learning experiences.

This Indiana university online MBA provides both synchronous and asynchronous classes for online students. Most classes feature eight-week sessions, though some require up to 12 weeks to complete. While enrolled in the program, online learners have access to the digital library, career services, and student success center.

For admission, students need an undergraduate degree with a 2.75 GPA. Although the college prefers a business degree, it is not mandatory. Applicants with an undergraduate degree in another field may be required to complete additional assessments and/or prerequisites.

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Indiana Institute of Technology
Location Fort Wayne , IN Tuition $$$$$ % Receiving Financial Aid 85 Student Population 7,542 Tuition $21,210 School Type Private

Based in Fort Wayne, the Indiana Institute of Technology offers students an online master's of business administration with a concentration in accounting. The 42-credit curriculum includes a six-credit capstone and the Becker Certified Public Accountant (CPA) Review, satisfying the prerequisites for the CPA exam.

This Indiana online MBA program provides learners with advanced understanding of government, nonprofit accounting, and fraud examination. The curriculum features accelerated classes, which typically span six- or eight-week sessions. The program offers eight start dates throughout the year.

Applicants must possess two years of work experience and a bachelor's degree with a 2.5 GPA. Additionally, applicants must hold 24 undergraduate credits in accounting and 24 credits in business. These credits should include courses in the principles of management, marketing, and finance.

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University of Southern Indiana
Location Evansville , IN Tuition $$$$$ % Receiving Financial Aid 53 Student Population 10,671 Tuition $12,900 School Type Public

In addition to the many degree programs held on the 1,400-acre Evansville campus, the University of Southern Indiana hosts online options, including the master's of business administration. With five concentrations available in the areas of accounting, human resources, data analytics, engineering management, and healthcare administration, students can create a degree tailored to their career interests.

The 30-credit degree offers six start dates throughout the year and can be completed in less than one year. The accelerated classes run asynchronously. This Indiana university online MBA does not feature any residency components. Students may transfer up to 12 credits from another graduate degree program.

Applicants must possess a bachelor's degree with a 2.5 GPA, plus a score of 500 or higher on the GMAT. Students receive online educational, career, and financial support. The online MBA program is accredited by the Association to Advance Collegiate Schools of Business (AACSB).

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

A nearly 200-year-old college in Bloomington, Indiana University offers over 120 online degrees. The online master's of business administration provides students with core courses in operations, finance, marketing, and business law. Of the 51 credits required to complete the degree, 12 credits are electives, enabling students to add specializations to their MBA.

This Indiana university online MBA features start dates in winter and spring. Though classes are held in real-time, most sessions are recorded and students can access them asynchronously. The institution offers both part-time and full-time study options, and students can complete the program in 2-4 years. Learners may transfer up to eight credits, allowing them to finish even faster.

Residency requirements for the program include two seven-day visits to the flagship campus in Bloomington. During the first residency, students learn team-building, problem-solving, and professional development. The second year's residency week presents a more global focus.

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Indiana Wesleyan University
Location Marion , IN Tuition $$$$$ % Receiving Financial Aid 70 Student Population 14,730 Tuition $23,604 School Type Private

Indiana Wesleyan University began offering degree programs from its residential campus in Marion in 1920. Sixty-five years later, the institution began offering innovative education programs, allowing students to study in different formats. Today, the school offers more than 90 online degrees, including an online master's of business administration.

This 42-credit degree focuses on critical analysis and complex problem-solving. In addition to the general program, this Indiana university online MBA degree offers concentrations in healthcare administration, financial planning, project management, and school administration. Students move through courses as part of a cohort. The accelerated classes allow students to complete the entire degree in 18-26 months.

IWU accepts up to six transfer credits. Applicants must possess a bachelor's degree with a 2.5 GPA in order to be admitted. To graduate, students must complete the program with a 3.0 GPA in all courses, including the three-credit capstone project.

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

Founded in 1885, Oakland City University offers a variety of online degrees, including the master's of business administration. In addition to the general online MBA degree, the 33-credit hour program features an optional healthcare specialization. Each class runs for five weeks. In total, students can complete the program in less than 18 months. Courses follow an asynchronous format. Online students have access to student services, career resources, and academic support.

OCU boasts one of the more hospitable transfer policies among online MBA programs Indiana, accepting up to 33% of required credits. For successful admission, applicants must have two years of leadership experience and a bachelor's degree with a 2.5 GPA. To graduate, students must maintain a 2.7 GPA.

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University of Saint Francis - Fort Wayne
Location Fort Wayne , IN Tuition $$$$$ % Receiving Financial Aid 78 Student Population 2,240 Tuition $17,100 School Type Private

Founded in 1890 in Fort Wayne, the University of Saint Francis maintains a virtual campus for students around the world. The online master's of business administration, a program accredited by the Association of Collegiate Business Schools and Programs (ACBSP), provides graduates with an advanced understanding of complex business principles.

The 36-credit degree can be completed in less than one year if students take two classes during each eight-week session. Part-time students taking one class each session can complete the degree in less than 24 months. With six start dates each year and asynchronous classes, students enjoy a flexible schedule.

USF accepts up to 15 credits from other institutions and up to 18 credits from USF graduates. To graduate, students must complete all degree requirements with a 3.0 GPA. Distance learners can access online tutoring.

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

Goshen College's 36-credit online master's of business administration promotes and fosters leadership skills and global citizenry. Students may specialize in one of three concentrations: accounting and financial management, leadership, and sustainability management. Learners can also create their own concentrations.

The cohort-based program begins every fall. The curriculum features a four-day residency on the Goshen campus and a one-week residency in Costa Rica. Each class runs for six weeks and incorporates both synchronous and asynchronous study. Once enrolled, students can complete this Indiana university online MBA degree in 22 months to four years. Applicants must have a bachelor's degree and strong written and computer skills. The program accepts up to six transfer credits from another master's degree.

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

Chartered in 1897, Huntington University offers more than 70 programs, including an online master's of business administration. The project-based program prepares graduates for the real world by giving them practical experience and applicable skills. Students can complete the entire degree in less than two years. Learners also benefit from the school's career services and post-graduate preparation.

The 36-credit program includes a 10-12 day global business study tour of Europe, which is included in the Indiana university online MBA cost of tuition. This is the only residency requirement in the program. The majority of online classes run asynchronously to allow for schedule flexibility. Applicants should possess a 3.0 GPA. Huntington University accepts up to six transfer credits, as long as each credit carries a 2.67 GPA.

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Trine University
Location Angola , IN Tuition $$$$$ % Receiving Financial Aid 59 Student Population 3,712 Tuition $15,965 School Type Private

Established over 130 years ago in Angola, Indiana, Trine University offers an online master's of business administration. Focusing on advanced business concepts and finance, this online master's degree gives students skills in negotiation, marketing, communication, and corporate strategy. Many of the courses offer a global perspective, allowing students more career opportunities after graduation.

The 30-credit Indiana university online MBA offers a blend of asynchronous and synchronous online classes. Online students receive access to the school's online library, academic success center, and specialized career counseling from the career services department. Though there are no residency requirements, students can turn the degree into a hybrid program by enrolling in on-campus classes. While the admissions department prefers a bachelor's degree in business, it is not mandatory for admission. Students with a degree in another field may be required to take prerequisite courses.

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Why Consider an Online MBA in Indiana?

As the tables below indicate, a growing number of students are choosing to enroll in online MBA programs. Distance education allows students to pursue an advanced degree without commuting to campus, relocating, or making drastic scheduling changes. In addition, many Indiana residents live in rural areas. Online learning programs provide rural students with access to higher education and, as a result, opportunities for personal and professional growth. Indiana's 86 degree-granting universities offer a variety of options for distance learners, such as the top-ranked MBA program at Indiana University's renowned Kelley School of Business.

Number of Students Enrolled in Distance Education (2015)

Undergraduate Graduate
Any Distance 101,255 21,765
Exclusively Distance 37,387 16,449
On-Campus 331,812 43,738
Source: Distance Education State Almanac

Distance Enrollment by Institution Type (2015)

All Students Graduate Students Enrolled in Any Distance
Private for-profit 17,134 3,141
Private not-for-profit 90,752 6,695
Public 321,500 11,929
Source: Distance Education State Almanac

MBA Concentrations for Indiana Students

Indiana's diverse economy is home to a variety of industries, including aerospace and aviation, advanced manufacturing, logistics and transportation, agriculture, cybersecurity, technology, life sciences, and defense and national security. Each industry presents unique career opportunities for MBA-holders.

Many online MBA programs feature concentration options, which allow students to develop a specialty and tailor the curriculum to align with their career goals. While common concentrations include finance, supply chain management, and healthcare administration, concentration availability varies considerably between schools.

  • Finance: Focusing on topics such as taxes, financial planning, and investing, this concentration develops critical-thinking and analytical skills. Students who pursue a finance concentration often find work in banking, corporate finance, real estate, or financial planning.
  • Logistics and Supply Chain Management: Candidates who select this concentration master logistics software and techniques used to manage and coordinate an organization's product lifecycle. Many graduates work as supply chain managers, operations managers, and project managers.
  • Healthcare Administration: This concentration teaches students to apply business management concepts in healthcare settings. Coursework addresses the unique challenges healthcare policies and regulations present to industry professionals. Graduates find employment as hospital administrators, risk managers, or pharmaceutical project managers.

Accreditation in Indiana

The best online MBA programs in Indiana are offered through accredited institutions. Accredited schools meet the strict academic and ethical standards defined by quality control organizations known as accrediting bodies. An institution may be regionally or nationally accredited, depending on the accrediting body assessing them. Most nationally accredited schools are for-profit vocational or technical institutions, while nonprofit schools typically receive regional accreditation. Of the two designations, regional accreditation is generally considered more prestigious. Credits earned at a nationally accredited school are less likely to transfer than those from their regionally accredited counterparts. If you want to improve your career prospects with an online MBA, Indiana is home to many regionally accredited institutions.

Indiana Economy, Career, and Job Outlook for MBA Graduates

The healthcare, education, agriculture, technology, and supply chain management industries that drive Indiana’s economy also offer unique job opportunities for MBA-holders. Most of the state’s top hiring organizations are located in Indianapolis, Fort Wayne, and Evansville. These population hubs provide access to common amenities such as airports, schools, housing, and major employers.

Certain professionals are in high demand across the state, including statisticians, web developers, biomedical engineers, operations research analysts, and physical therapist assistants. While many of these careers are not common choices among MBA graduates, organizations must deliver products and services efficiently and make strategic moves to remain competitive. Online MBA programs develop versatile critical thinking and decision-making skills, making graduates valuable employees in almost every industry.

Economic projections show a 2-3% increase in Indiana’s GDP over the next few years, as industries like agriculture and manufacturing continue to drive the state's economy. Some experts predict significant growth for the pharmaceutical industry. Although Indiana’s reliance on low-wage manufacturing jobs may limit residents’ career growth, growing companies and new industries offer more opportunities with higher earning potential.

Company Location Main Industry Number of Employees
Community Health Network Indianapolis Healthcare 16,000
Purdue University- West Lafayette West Lafayette Education 15,304
IU Health University Hospital Indianapolis Healthcare 13,479
Source: Career OneStop

Indiana's top three employers are healthcare and education organizations. These businesses consist of many departments, including administration, information technology, and marketing. While most MBA candidates may not be interested in a nursing career, an MBA can help graduates secure roles as hospital administrators or technology directors. In general, MBA-holders enjoy a competitive advantage on the job market and qualify for high-level positions with increased earning potential.

Earning Potential with an MBA in the State of Indiana

While pursuing an MBA requires a significant financial investment, most graduates find that the degree is well worth the initial cost. According to data from Georgetown University, professionals with an MBA earn roughly $20,000 more than those with a bachelor's degree. MBA-holders also enjoy a wider variety of career options.

MBA programs introduce advanced concepts in business theory, strengthen critical thinking skills, and develop leadership competencies. These qualities often make MBA graduates more desirable to employers. Graduates also qualify for many high-level and executive positions, which typically command higher salaries.

Salary for Graduate Business Majors (2015)

Major Median Annual Salary
Business Management and Administration $75,000
General Business $83,000
Source: Center on Education and the Workforce

Careers for MBAs in Indiana

Financial Manager

A financial manager's primary tasks include producing financial reports, planning a firm's investment activities, and developing long-term strategies to maintain an organization's financial health. Professionals in this field typically work in business settings or serve as treasurers, controllers, or credit managers in the banking industry. Financial managers enjoy an average annual salary of $127,990.

Supply Chain Manager

Supply chain managers design, implement, and refine production systems. They coordinate efforts across an organization's departments and encourage teamwork. While many hold a bachelor's degree, some employers prefer to hire candidates with a master's degree. Supply chain managers draw an average annual salary of around $81,000.

Healthcare Administrator

A hospital administrator's primary tasks include recruiting and training employees, creating work schedules, developing department goals, and improving efficiency. They manage entire healthcare facilities, single departments, or private practices. Administrators may also attend shareholder meetings, and often serve as a liaison between department heads and staff. Professionals in this field earn an average annual salary of $99,730.

Postsecondary Teacher

Postsecondary teachers instruct and advise students at the college level. They develop lesson plans, grade assignments, administer exams, and adjust program curricula to reflect current industry standards. Postsecondary teachers earn an average annual salary of $78,470. Most colleges and universities expect instructors to hold at least a master's degree.

Director of Technology

An organization’s director of technology manages company software and technology, maintains security, and ensures that tech-based operations run smoothly and efficiently. They direct IT personnel and assess the costs and benefits associated with software updates. A director of technology earns an average annual salary of $142,530. Many technology directors possess a master’s degree.

How to Choose an Online MBA in Indiana

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.

Online MBA Programs in Surrounding States

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