Best Online MBA Programs in Minnesota

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Graduates of online MBA programs in Minnesota qualify for a wealth of opportunities. According to U.S. News & World Report, Minnesota’s economic situation, equality, and affordability rank the state third in the nation for opportunity. Minnesota also ranks third in the country for employment.

An MBA prepares students for careers in business and financial management. Many MBA degree-holders specialize in areas like healthcare, marketing, and leadership.

The U.S. Bureau of Labor Statistics (BLS) reported an average annual wage of $121,540 for management occupations in Minnesota. Graduates from MBA programs in Minnesota can use their expertise to advance to higher titles and earning potential.

Prospective MBA students can use our ranking below to learn about the best online programs in Minnesota and find schools that align with their goals and preferences. This page also explores career resources in Minnesota.

Minnesota’s 10 Best MBA Programs

Rank School Location
1 Bemidji State University Bemidji, MN
2 Bethel University Saint Paul, MN
3 Capella University Minneapolis, MN
4 Concordia University-Saint Paul Saint Paul, MN
5 Crown College St. Bonifacius, MN
6 Metropolitan State University Saint Paul, MN
7 Minnesota State University Moorhead Moorhead, MN
8 Saint Cloud State University Saint Cloud, MN
9 Saint Mary's University of Minnesota Winona, MN
10 The College of Saint Scholastica Duluth, MN

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Online MBA Programs for You

Grow your career, leadership, and business acumen with an accredited online MBA program.

Why Get an Online MBA in Minnesota?

Prospective students should consider potential return on investment before enrolling in any degree program. The BLS projects employment for business and financial occupations to grow by 5% from 2019-2029, outpacing the projected national average growth rate for all occupations. Additional benefits for MBA graduates include:

Flexibility
MBA degree-holders work for nonprofit and for-profit organizations in many industries. Businesses across the country need managers and financial professionals, making the MBA a marketable degree in several locations.
Expertise
Graduates who completed a robust business core and relevant elective courses might get a leg up on their resumes. Employers who value concentration-specific expertise know these candidates can apply strong accounting and leadership skills.
Earning Potential
Nationwide, the median annual wage for management occupations reached $105,660 as of 2019. MBA degree-holders hold the knowledge, leadership, and experience to advance into marketing, human resources, and IT management positions.

MBA programs in Minnesota may connect learners with some of the state’s 24 Fortune 500 companies through capstone projects, internships, and networking events. With so many notable corporations in healthcare, retail, and food products, students can network to pursue job searches throughout the country.

Aspiring professionals pursuing online MBAs in Minnesota can choose schools in cities like St. Paul or Minneapolis, or they may study in smaller towns like Moorhead. With online schools in Minnesota offering diverse concentration options, distance learners can engage in coursework aligning with their career goals from anywhere.

The Best Online MBA Programs in Minnesota

  • Bemidji State University
    Location

    Bemidji, MN

    Tuition

    $$$$$

    The online MBA in Minnesota at Bemidji State University focuses on strategic leadership and professional development through advanced coursework and personalized enrichment experiences. Students enjoy a flexible course schedule that allows them to earn their MBA in as little as one year or spread their coursework out over a longer period.

    While many colleges feature higher tuition rates for out-of-state students, Bemidji charges the same tuition rate for all students. Financial aid opportunities are available to those who qualify. The 30-credit curriculum includes 10 courses covering topics such as global business, statistical analysis, and corporate social responsibility. Bemidji offers an accelerated MBA program, too. Undergraduate students who qualify for the accelerated option take four MBA courses during their senior year as general coursework toward their bachelor's degree. Once they graduate from their bachelor's program, students can complete their final six MBA courses in the accelerated online program, finishing their degree in as little as one year.

  • Bethel University
    Location

    Saint Paul, MN

    Tuition

    $$$$$

    One of the best online MBA programs in Minnesota, Bethel University's program features five concentration options that allow students to cater their degree to their career goals and interests. Students hoping to learn more about global finance trends and quantitative statistics find that the finance concentration works for them; other students intrigued by creating advanced business strategies enjoy the strategy and execution concentration. Bethel also offers MBA concentrations in management, global management, and healthcare administration.

    All concentrations require students to complete 42 credits of coursework. Students can engage with local business leaders through both the alumni group and special projects. Six one-on-one coaching sessions with an experienced career coach grant students the ability to create a specialized career plan.

    Concentrations

  • Capella University
    Location

    Minneapolis, MN

    Tuition

    $$$$$

    Featuring a FlexPath option, the online MBA in Minnesota at Capella University allows students to earn their MBA in as little as one year for under $11,000. Capella offers two program options for online MBA students: the FlexPath or the GuidedPath. The FlexPath is self-paced, meaning students finish one course and move on to the next without waiting for the next term to start.

    The GuidedPath allows students to complete their coursework at any time with 24/7 classroom access. Instructors pre-set the curriculum, requiring assignments at the end of the week and message board discussions in the middle of the week. The entire program features a guided curriculum with instructors assigning readings relevant to course material and providing students with help along the way.

    Concentrations

  • Concordia University-Saint Paul
    Location

    Saint Paul, MN

    Tuition

    $$$$$

    Offered fully online, Concordia University's MBA program is one of the best online MBAs in Minnesota. The 42-credit curriculum reviews a variety of topics, including managerial research methods and design, integrated marketing communication, and operations and technology management. Near the end of the program, students can choose to take a global management course or complete a study abroad.

    Concordia features an MBA mentor and managerial application portfolio program that assigns a faculty mentor to each student to help guide them through their graduate degree. The managerial application portfolio is a required one-credit course students must take in six consecutive terms. Mentors act as personal business coaches to help students perfect their interpersonal skills, strengthen their resumes, and create networking strategies. Applicants must hold a 3.0 minimum GPA from an accredited undergraduate program and submit a personal statement and professional resume.

    Concentrations

  • Crown College
    Location

    St. Bonifacius, MN

    Tuition

    $$$$$

    Crown College's online MBA in Minnesota teaches students how to lead others from a Protestant-based perspective. MBA students apply the material they learn in their courses to real work situations in the private, nonprofit, and government sectors. The curriculum comprises 42 total credits, with 27 credits in core coursework and 15 concentration credits. Students choose either the general MBA path or the nonprofit management concentration. Concentration courses in the general area include topics such as business law and ethics, operations management, and international finance; those in the nonprofit management sector cover topics like fundraising and philanthropy.

    A Protestant worldview remains present in every course and activity. Graduates research diverse perspectives to solve problems with high integrity and ethical awareness. Online MBA students come from various backgrounds, allowing them to collaborate with colleagues from healthcare, aviation, finance, retail management, marketing, and service industries.

    Concentrations

  • Metropolitan State University
    Location

    Saint Paul, MN

    Tuition

    $$$$$

    Located in Saint Paul, Metropolitan State University offers an online MBA in Minnesota. The curriculum serves diverse students with a globally-oriented, practical outlook. Graduates of the program leave prepared to analyze the impact of external and internal influences on organizations, communicate effectively, understand ethical considerations of policies and decisions, and work effectively with individuals from diverse backgrounds.

    Faculty members boast many years of business and managerial experience in both nonprofit organizations and global companies, enabling students to learn how to apply their coursework directly to real-world situations. The college of management at Metropolitan State University uses three different metrics to track how well they serve students: graduation rates, retention rates, and enrollment trends. The college also tracks how well students absorb the skills they practice during their coursework by regularly administering assessments to evaluate how equipped students are to succeed as business practitioners and managers.

    Concentrations

  • Minnesota State University Moorhead
    Location

    Moorhead, MN

    Tuition

    $$$$$

    Minnesota State University in Moorhead's online MBA program allows students to gain the knowledge and skills they need to become more effective leaders. The program molds students into strategic thinkers who embody analytical business approaches. The curriculum covers a variety of relevant topics, including marketing, management, investments, project management, and finance. Graduates not only increase their understanding of business fundamentals, but they also develop the tools they need to apply critical thinking when making managerial decisions.

    Many online MBA in Minnesota programs require students to hold a specific undergraduate degree or prerequisites, but Minnesota State's online MBA program does not require specific undergraduate experience; students need only possess an undergraduate degree from an accredited institution. Additionally, applicants must possess a minimum 3.0 GPA and submit a current resume, two letters of recommendation, a letter of intent, and GMAT scores.

    Concentrations

  • Saint Cloud State University
    Location

    Saint Cloud, MN

    Tuition

    $$$$$

    Targeting working professionals with between three and five years of professional work experience, Saint Cloud University offers one of the best online MBA programs in Minnesota. The fully online program features an asynchronous program, allowing students to finish their work anytime, anywhere. The curriculum follows a cohort in which small class sizes enable students to earn their degrees simultaneously with one another. Online MBA students at Saint Cloud earn their degree in 28 months. Though students can decide when and where they want to conduct their classwork, they must participate in small group discussions through discussion boards and online chats.

    Instructors of online programs also teach on-campus classes, so online students receive the same high quality education as their on-campus counterparts. The cohort format allows students to go through their program with the same group of 20-25 students, building connections along the way. Applicants need a 3.25 minimum GPA and at least five years of recent, full-time, post-undergraduate work experience.

  • Saint Mary's University of Minnesota
    Location

    Winona, MN

    Tuition

    $$$$$

    Located in Winona, Saint Mary's University of Minnesota's MBA online program helps students advance their careers by offering accelerated programs that learners complete in as little as 18 months. Three program tracks -- social media management and marketing, data analytics, and sustainability and environmental management -- allow students to tailor their degrees to their career goals and specific skill sets. The 30-credit curriculum includes 26 lecture series options, allowing students to choose lectures that fit their individual interests.

    Seniors must complete a capstone project in which they apply the knowledge they learn to either a domestic or international business situation. The program prepares students to pursue social media strategy certification with curriculums created by the National Institute for Social Media. In addition to the three program tracks, students can opt to follow a general MBA path for an expanded study of topics like ethical leadership and organizational behavior.

    Concentrations

  • The College of Saint Scholastica
    Location

    Duluth, MN

    Tuition

    $$$$$

    The College of Saint Scholastica's Minnesota MBA online program features a unique curriculum designed both by and for business professionals focused on developing change-management and leadership skills. The college has two locations: Duluth and Saint Paul. The 36-credit curriculum allows students to choose an accelerated format and finish in as few as 12 months -- taking eight-week terms. The program focuses on the principles of organization development, experiential learning, and ethical decision-making.

    Online MBA students learn how to design, analyze, and deliver effective change-based strategies and interventions in an ever-changing global environment. They can identify competing values, assumptions, and behaviors relevant to the effective implementation of different proposed change initiatives, and they display critical thinking and high-level reasoning through both written and oral skills. Three capstone options include a global capstone that allows students to travel abroad with faculty for an experiential learning opportunity, a group practicum where students apply theory to practice in a small group project with their peers, or a traditional thesis.

    Concentrations

What To Expect From MBA Programs in Minnesota

Students can complete online MBAs in Minnesota in as little as 12 months, with many options available to those who wish to study part time. Programs typically require 30-42 credits.

Online MBA programs in Minnesota vary in structure. Some run on accelerated timelines, often on a 12-month schedule. Others cater to full-time professionals with slower-paced options. In hybrid programs, enrollees may need to visit campus for orientation events or residency requirements. Many programs run fully online.

Course delivery varies among programs. Some online MBAs present course materials asynchronously, allowing enrollees to access readings and assignments at their convenience. Others require face-to-face meetings using web cameras.

Concentrations for online MBA programs in Minnesota include finance, healthcare administration, principles of manufacturing, and nonprofit management.

Core courses cover business foundations like marketing and business strategy. In Minnesota, students can expect tuition to cost $11,000-$20,000, though some tuition expenses fall outside of this range.

Admission Requirements for MBAs

To gain admission to an online MBA in Minnesota, each applicant should hold an accredited bachelor’s degree. GPA requirements vary. Some schools set no standards, while others look for candidates with minimums ranging from 2.3-3.0. Students may complete business prerequisites in economics, accounting, and statistics, though some programs admit learners from any academic background.

MBA programs in Minnesota may require applicants to take the GMAT, sometimes with a minimum score of 450. Some schools allow enrollees to substitute two-plus years of work experience in the place of standardized tests, and others do not require them at all.

Other common admission materials include a personal essay, recommendation letters, and a resume. Some programs require work experience. Application fees typically range from $25-50 and accompany the online application.

Explore MBA Admissions

Specialized MBAs

MBA concentrations allow students to develop expert knowledge in specific areas of business. Students aiming to work in particular industries or gain specific titles may pursue a concentration.

Online MBA programs in Minnesota offer a wealth of specialty options. For example, a concentration in the principles of manufacturing focuses on process, production, and finance. Students can pursue a specialization in supply chain management to develop a strong understanding of the technology, analytical methods, and systems used in the field.

Other popular MBA concentrations include healthcare administration, finance, and human resources. Many specialization tracks comprise 12-15 credits within an overall MBA degree.

Popular MBA Program Courses

Course requirements differ by school, but degree-seekers may encounter similar core curricula as they research online MBA programs in Minnesota. A typical MBA program requires a set of foundational business courses. Students then follow their interests by choosing individual electives or a set comprising a concentration. Frequent MBA course requirements include:

Enrollees in a business analytics course learn to make decisions based on data in financial reports. The course teaches students to understand data and presents methods for strategic decision-making. Topics may also cover techniques for collecting and reporting on important data.
This course presents techniques for marketing, including how to perform market research, analyze results, and apply changes based on the data. Subjects include marketing models and theories, competition analysis, technology and social media, and ethical marketing practices.
Participants in a business strategy course learn how organizations use marketing, personnel, and investments to reach their goals. The course covers popular models for business strategy, ideas on creating new strategies, methods for analyzing the results, and how to pivot when challenges arise.
Corporate finance courses prepare students to work with the main tools and methods of financial operations. Participants learn to understand large-scale budgeting, including capital planning, and engage in financial decision-making for their future employers. Topics include report compilation, dividend policy, initial public offerings, and debt management.

The MBA Capstone or Thesis

Many MBA programs require enrollees to complete capstone projects. A capstone may take the form of a strategic management course or seminar, where participants combine the knowledge they have gained to solve real-life business problems. Learners may work in groups to partner with local businesses or develop answers to case study problems.

Capstone projects present a strong opportunity for students to build their resumes and professional portfolios through practical experience. Location affects the long-term benefits of a capstone project, as this requirement allows enrollees to forge relationships with potential future employers.

Online MBA programs in Minnesota can offer direct connections to well-known companies that operate throughout the country. Large corporations with headquarters in the state include Target, General Mills, and UnitedHealth Group.

How Much Do MBAs Cost in Minnesota?

Multiple factors influence the cost of online MBA programs in Minnesota. Prospective students can expect to encounter differences based on whether they live in the state, pursue public or private institutions, or aim for prestigious schools. In-state residents often pay lower tuition at public institutions, though some allow online learners to pay reduced or flat-rate fees. Prestigious institutions often carry higher price tags.

As a very general guideline, total tuition costs in Minnesota can run around $11,000-$20,000. Cost of living in the state sits at 101.6, close to the national index of 100. Housing falls well below the national index, at 88.6, which may help students who live in the state.

Each degree-seeker should make sure to fill out a FAFSA, which opens the door to federal grants and loans. Many professionals associations, nonprofit organizations, and local agencies grant scholarships on the basis of merit or need. Students should research options that apply to their interests or demographics.

Learn More About Financial Aid Options

What Jobs Can MBAs Get You?

By obtaining an online MBA in Minnesota, degree-holders can enter the job market with confidence. The business foundations and experience from an MBA program in Minnesota qualify graduates to pursue gainful employment and advance to lucrative positions. In Minnesota, a robust retail industry makes ample room for marketing and sales managers.

Graduates with strong backgrounds in supply chain management can also find success in the state’s healthy manufacturing environment. General and operations managers made an average annual salary of $123,460 as of 2019; in Minnesota, they made $109,490. Projections indicate that jobs for these professionals will grow by 7.2% in Minnesota from 2018-2028.

In-demand business management occupations in Minnesota include:

  • Financial Manager

    Financial Manager: Encompassing titles like controller and treasurer, financial managers take responsibility for big-picture financial decisions. They help their organizations by handling investments, preparing reports, supervising budget-related employees, and making recommendations. In Minnesota, Projections Central reports a projected occupational growth of 16.3% from 2018-2028.

    • Required Education: Master’s degree often preferred
    • Job Outlook (2019-29): +15%
    • Median Annual Salary: $129,890
    • Average Annual Salary in Minnesota: $137,100

  • Marketing Manager

    Marketing Manager: Marketing managers find new ways for customers to discover their company’s products. They work to optimize website design, plan advertisements, and create overall marketing strategies. They also study market trends and work with product developers to create new goods and services. Long-term data demonstrates a 6.9% projected growth rate from 2018-2028 for marketing managers in Minnesota.

    • Required Education: Bachelor’s degree, at minimum
    • Job Outlook (2019-29): +6%
    • Median Annual Salary: $136,850
    • Average Annual Salary in Minnesota: $145,210

  • Sales Manager

    Sales Manager: Largely employed in wholesale and retail trade industries, sales managers oversee personnel in their department, including hiring and training. They handle budgets, supervise distribution in their designated area, and ensure their branches meet company goals. Data from Projections Central indicates a 5.4% projected employment growth rate for sales managers in Minnesota from 2018-2028.

    • Required Education: Bachelor’s degree, at minimum
    • Job Outlook (2019-29): +4%
    • Median Annual Salary: $126,640
    • Average Annual Salary in Minnesota: $136,470

  • Medical and Health Services Manager

    Medical and Health Services Manager: Often working for hospitals, physician’s offices, and residential communities like nursing homes, medical and health services managers ensure that their facilities operate effectively. They oversee financial operations and adhere to regulations in their facilities. In Minnesota, employment for medical and health services managers is projected to grow by 16.9% from 2018-2028.

    • Required Education: Master’s degree often preferred
    • Job Outlook (2019-29): +32%
    • Median Annual Salary: $100,980
    • Average Annual Salary in Minnesota: $112,780

  • Computer and Information Systems Manager

    Computer and Information Systems Manager: Also known as IT managers, computer and information systems managers deal with technology-related issues for their organizations. They determine what kinds of software, hardware, and network systems best fit their company’s goals, make recommendations to executives, implement systems, and monitor changes. Employment for IT managers in Minnesota will grow by a projected rate of 8.3% from 2018-2028.

    • Required Education: Master’s degree often preferred
    • Job Outlook (2019-29): +10%
    • Median Annual Salary: $146,360
    • Average Annual Salary in Minnesota: $148,770

Minnesota’s Top MBA Employers

MBA graduates looking for jobs in Minnesota can find lucrative positions in many different industries. Individuals with MBAs can find top-paying jobs as sales managers, financial managers, marketing managers, and IT managers. Sales managers in Minnesota, for example, earned an average annual salary of $136,470 as of May 2019.

Projections data indicates that many of these positions should grow on pace with national figures, with some roles outpacing national forecasts. For example, employment for financial managers in Minnesota will increase by a projected 16.3% from 2018-2028, while the BLS projects nationwide growth of 15% from 2019-2029.

With 24 Fortune 500 companies calling Minnesota home, MBA graduates can pursue diverse employment opportunities. Booming industries include retail, with companies like Target and Best Buy using the state as a hub; healthcare, with top employers like the Mayo Clinic and UnitedHealth Group; and food consumer products from General Mills, Hormel, and Land O’Lakes.

Considering these factors, students pursuing online MBAs in Minnesota may want to direct their studies toward concentrations in sales, supply chain, healthcare management, financial management, or information systems.

Top MBA Employers in Minnesota


Target


Headquartered in Minneapolis, Target maintains a nationwide chain of stores to sell a diverse variety of goods. The company features a robust internship program, with opportunities in business analysis, marketing, data science, and leadership. As one of Minnesota’s top employers, Target hired 31,000 workers in the state in 2019.

Deloitte


Famous for its status as one of the “big five” accounting firms in the country, Deloitte runs a consulting immersion program for MBA students. With an office in Minneapolis, the company hires a wealth of MBA-qualifying positions, including jobs related to accounting, consulting, marketing, and information systems.

General Mills, Inc.


General Mills comprises food brands such as Cheerios, Pillsbury, Yoplait, and Häagen-Dazs. With its home base in Minneapolis, General Mills helps to drive Minnesota’s thriving food production industry. The company connects with MBA degree-seekers through its nationwide internship program, hiring MBA graduates for supply chain, technology, research, and sales.


Selecting Your Minnesota MBA Program

Degree-seekers can consider our list of the best online MBA programs in Minnesota as a springboard for their research to identify their ideal program. Prospective students should always consider which factors matter most regarding their individual career goals and preferences.

Accreditation should always count among the top considerations for choosing any degree program. Regional and national accreditation assess schools as a whole. Employers and educational institutions often do not recognize degrees that lack regional accreditation. The Higher Learning Commission grants regional accreditation to schools in Minnesota.

Business students should also consider program-specific accreditation from the Association to Advance Collegiate Schools of Business.

Prospective students might want to ask about the resources available to them as program participants, especially when studying online. Career services, alumni networking opportunities, technology support, and library services count among important resources. Degree-seekers may also want to ask whether distance learners can participate in extracurricular activities or clubs.

As a career-focused degree, online MBA programs commonly advertise the success of their graduates. Prospective students might want to seek out information on earning potential and consider whether previous graduates secured job titles that appeal to them.

Why You Should You Consider Online Schools in Minnesota

Online education continues to increase in popularity. With added flexibility and convenience, distance learning offers students a wider selection of programs. They can find the degree that best matches their interests and goals, rather than settling for something local. For students with families, jobs, or caretaking responsibilities, online degrees can provide opportunities they would not otherwise encounter.

Online MBA programs allow students to absorb the same information as they would on campus.

Distance learning provides ample opportunities for students to work in groups, form connections with peers, and even network with local business owners. In Minnesota, businesses with nationwide influence partner with the state’s MBA programs.

Students from around the country might consider online schools in Minnesota for their wide selection of concentration options, like principles of manufacturing.

When weighing distance learning as an option, degree-seekers need to take an honest look at their study habits. An online MBA requires the same attention as an in-person degree, and participants need to engage in good time management.

Students with busy schedules might prefer asynchronously presented courses, where they log in to access materials on their own time. Learners who crave direct conversation can choose programs with real-time online video meetings.

Online MBA Programs In Nearby States

Frequently Asked Questions

  • Is an online MBA respected?

    Yes. Employers respect online degrees as much as those earned in person. Distance learners often continue working while earning their degrees to accrue valuable professional experience and expert business knowledge.

  • How much does an MBA cost in Minnesota?

    Tuition costs range from about $11,000-$20,000 for an online MBA in Minnesota. Factors that can influence cost include state residency, public versus private institutions, and the prestige of the institution.

  • Does an online MBA have any value?

    Yes. Graduates of online MBA programs leave with the same in-depth business knowledge as those who studied on campus. Most schools feature online programs with curricula that maintain parity with their in-person equivalents.

  • Does Minnesota have online degrees?

    Yes. Degree-seekers can find many online MBA programs in Minnesota, with many available specialization options, including healthcare management, marketing management, and finance.

Advertisement OnlineMBA.com is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

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Advertisement OnlineMBA.com is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

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