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Written by Kathleen Swed

Graduates of MBA programs in Minnesota can benefit from lucrative career options and diverse opportunities in an economically thriving state. Minnesota's largest employers include healthcare facilities, computer services, and major retailers.

Management positions in Minnesota are among the state's highest-paying occupations, with financial managers, general managers, compensation and benefits managers, marketing managers, and chief executives ranking among the top 30.

Prospective students considering MBA programs in Minnesota can use this page to aid in the research process. Read on for information on accreditation and a list of accredited schools, plus job descriptions and supporting occupational data. This page can help prospective students begin their search for an MBA program or assist in their ongoing research.

Top 10 Online MBA Programs in Minnesota

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Minnesota's Online MBA Programs

The list of schools below offers an introduction to accredited online MBA programs in Minnesota. Prospective students should only consider accredited MBA programs, as regional, national, and programmatic accreditors establish stringent educational standards. Regional accreditation is generally considered the most prestigious; prospective learners may want to familiarize themselves with the expectations of programmatic MBA accreditors, as well, like the Association to Advance Collegiate Schools of Business.

To learn more about MBA accreditation, visit this page.

Rank School Location Cost Toggle Logo Tuition % Receiving Financial Aid Student Population School Type Description
Bemidji State University
Location Bemidji , MN Tuition $$$$$ % Receiving Financial Aid 61 Student Population 5,081 Tuition $18,000 School Type Public

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.

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Bethel University
Location Saint Paul , MN Tuition $$$$$ % Receiving Financial Aid 66 Student Population 3,952 Tuition $29,190 School Type Private

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.

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Capella University
Location Minneapolis , MN Tuition $$$$$ % Receiving Financial Aid 50 Student Population 35,569 Tuition $20,352 School Type Private

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.

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Concordia University - Saint Paul
Location Saint Paul , MN Tuition $$$$$ % Receiving Financial Aid 64 Student Population 4,380 Tuition $26,250 School Type Private

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.

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Crown College
Location Saint Bonifacius , MN Tuition $$$$$ % Receiving Financial Aid 70 Student Population 1,153 Tuition $22,260 School Type Private

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.

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Metropolitan State University
Location Saint Paul , MN Tuition $$$$$ % Receiving Financial Aid 52 Student Population 8,424 Tuition $15,600 School Type Public

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.

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Minnesota State University - Moorhead
Location Moorhead , MN Tuition $$$$$ % Receiving Financial Aid 64 Student Population 5,923 Tuition $14,393 School Type Public

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.

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Saint Cloud State University
Location Saint Cloud , MN Tuition $$$$$ % Receiving Financial Aid 48 Student Population 16,096 Tuition $21,000 School Type Public

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.

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Saint Mary's University of Minnesota
Location Winona , MN Tuition $$$$$ % Receiving Financial Aid 61 Student Population 5,931 Tuition $19,500 School Type Private

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.

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The College of Saint Scholastica
Location Duluth , MN Tuition $$$$$ % Receiving Financial Aid 68 Student Population 4,329 Tuition $19,080 School Type Private

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.

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University of Minnesota - Twin Cities
Location Minneapolis , MN Tuition $$$$$ % Receiving Financial Aid 43 Student Population 50,678 Tuition $78,375 School Type Public

Dedicated to advancing students' leadership and management skills, the University of Minnesota's MBA online program mixes business fundamentals with industry-specific electives, enabling students to tailor their degrees to their skill sets and career goals. Online MBA students enjoy access to a variety of resources, including career coaches, an alumni network that covers 95 countries, and academic advisers.

Students can complete the 52-credit program in about two years. In addition to online courses, the program offers the potential to participate in some on-campus courses and/or global experiences. The business school provides a career center that prepares students for successful job searches through resume reviews, career fairs, mock interviews, networking events, and more. Coursework covers various business-oriented topics, including business ethics, managerial economics, and marketing management.

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University of Northwestern - St Paul
Location Saint Paul , MN Tuition $$$$$ % Receiving Financial Aid 46 Student Population 3,447 Tuition $20,958 School Type Private

Offering both a fully online and a hybrid MBA program, the University of Northwestern's Minnesota MBA online incorporates strategic networking into every course. Students can finish the program in as little as 22-26 months. The Christian university instills faith and understanding in students as they learn from Christian professors who are experts in small business entrepreneurship, marketing, and other pertinent areas of business. The curriculum develops students' critical thinking and communication skills by covering topics such as the legal aspects of business, marketing for managers, managerial leadership, and human resource and organizational development.

The 42-credit curriculum offers core coursework that allows students to learn about business and leadership principles for global communities and prepares them to serve God by advancing their careers and accomplishing greater levels of responsibility within an organization. Class sizes feature a 14:1 ratio, giving students the chance to enjoy more one-on-one experiences with their instructors.

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University of St. Thomas
Location Saint Paul , MN Tuition $$$$$ % Receiving Financial Aid 57 Student Population 10,148 Tuition $72,000 School Type Private

The Minnesota MBA online program at the University of St. Thomas offers a unique, executive-style cohort learning environment where students' goals drive their learning experience. The cohort structure emphasizes teamwork and collaboration; 25-30 students in each group move through the 21-month program together. This model allows students to form strong intellectual and personal connections with their peers. The online MBA program focuses on healthcare, featuring a diverse professional network that represents the entire healthcare industry.

Students complete a global residency that focuses on universal innovation in healthcare. The program serves as one of only 14 MBA programs dually accredited by both the Association for the Advancement of Collegiate Schools of Business International and the Commission on Accreditation of Healthcare Management Education. Applicants must hold a bachelor's degree and submit an updated resume, transcripts, essay responses, and two letters of recommendation. Applicants should also boast healthcare industry experience and five years of work experience.

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Walden University
Location Minneapolis , MN Tuition $$$$$ % Receiving Financial Aid - Student Population 52,799 Tuition $34,200 School Type Private

Featuring three different program options, the online MBA in Minnesota at Walden University allows students to choose the format that works best for them. The course-based MBA offers an instructor-led approach where students learn on a predetermined schedule. Students complete the degree in as little as 20 months. This format requires students to complete 10 to 15 hours of coursework each week, with one course every eight weeks. Students can customize their degree to their interests and career goals by choosing one of 11 different concentration areas such as entrepreneurship and small business, project management, and social entrepreneurship and innovation.

The fast-track, course-based MBA caters to students who can devote more time to their studies, earning their degree in just 12 months. Students dedicate 30-35 hours per week with two courses every eight weeks; the program focuses on a general overview rather than offering concentrations. The competency-based program highlights a flexible schedule with no set deadlines, allowing students to work at their own pace. In this format, students can focus their degree on either healthcare management or project management.

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How to Choose a Quality MBA Program

Careers and Salaries for MBA Graduates in Minnesota

Minnesota has a robust economy, a tight job market, and a low unemployment rate. According to Minnesota's Department of Employment and Economic Development (DEED), the state's unemployment rate was 3.2% as of September 2019. About half of Minnesota's population lives in the Twin Cities (Minneapolis-St. Paul) metropolitan area.

Many of the state's top employers -- including the University of Minnesota, 3M, and Target -- are based in the Twin Cities. The area is home to 58.7% of the state's job openings, and DEED reports significant growth in high-paying jobs in scientific, technical, and professional services in the Twin Cities. Located in Rochester, about 1.5 hours south of the Twin Cities, the Mayo Clinic leads the state's booming healthcare sector, representing Minnesota's largest employer.

According to the U.S. Department of Labor, Minnesota's fastest-growing occupations include positions in healthcare, technology, finance, retail, and higher education, with the fastest growth in developing "green" economy. Jobs include positions for MBA graduates, such as operations research analyst and marketing specialist.

Chief executives and marketing managers rank among the state's 20 highest-paying professions. Retail salespersons and personal care aides rank among the careers with the most job openings in Minnesota.

Minnesota's Top 3 Largest Employers
Company Location Main Industry Number of Employees
Mayo Clinic Rochester Healthcare 26,308
3M Co. St. Paul Technology 12,000
White Earth Nation Ogema Indian Reservation 10,000
Source: Career One Stop

Earning an online MBA in Minnesota helps students develop the broad business skills top employers look for in job candidates. Concentrating in healthcare, finance, technology, marketing, and operations can lead to leadership positions with Minnesota's largest employers.

Careers for MBA Grads in Minnesota

General and Operations Manager

Depending on the particular position, general and operations managers typically oversee the administrative services, human resources, or purchasing branch of an organization. They manage staff and scheduling, enforce company plans and policies, and handle department budgets. Some employers seek general managers with MBAs, which offer solid foundational skills in business and leadership.

Minnesota employed 46,440 general and operations managers as of May 2018, and they earned an annual mean wage of $112,120, according to the U.S. Bureau of Labor Statistics (BLS). Projections Central expects a 7.4% occupational growth in the state from 2016-2026.

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Chief Executive

Chief executives manage their organizations' big-picture issues, overseeing the work of top executives and department heads as they carry out company goals. These professionals provide strategic direction for their organizations, and they may have to present progress to a board of directors. MBA programs can provide the knowledge they need to manage such high-level operations, including skills in finance and leadership.

Minnesota employed 5,970 chief executives as of May 2018, according to the BLS, and they earned an annual mean wage of $195,320. Projections Central expects a declining need for chief executives in the state, projecting a -5.9% decrease from 2016-2026.

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Marketing Manager

Marketing managers study the market for their company's goods or services. They analyze demand, target potentially lucrative niches, and assist their companies in creating products to meet gaps in supply. Coordinating with other departments like sales, PR, and product development, these professionals also plan and test marketing strategies, such as pricing. Marketing managers typically need their bachelor's, but an MBA -- possibly with a concentration in marketing -- can optimize candidates' resumes through in-depth knowledge.

According to the BLS, Minnesota employed 8,390 marketing managers as of May 2018, giving the state the fourth-highest concentration in the nation at 2.93 marketing managers per 1,000 jobs. Projections Central expects an 8.3% growth in demand for marketing managers in the state from 2016-2026.

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Healthcare Executive

Healthcare executives oversee operations for medical facilities, either as a whole or within specific departments. Responsible for maintaining efficient operations, these professionals direct improvements, handle budgets, manage staff and scheduling, and ensure that their facility adheres to regulations and laws. Employers may prefer candidates with their MBA, and students may specialize in healthcare management to learn about marketing and management while focusing on the healthcare industry.

Minnesota employed 8,220 healthcare executives as of May 2018, and they earned an annual mean wage of $110,490. Given that Minnesota ranks healthcare services among its top industries, it makes sense for Projections Central to expect an 18.5% spike in demand for healthcare executives from 2016-2026.

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Financial Manager

Financial managers collect and analyze financial data from across various departments in an organization, using this information to understand the company's financial health and make recommendations for improvements. Responsible for managing investments, these professionals also monitor the legal facets of their company's operations and oversee staff. Many employers require their financial managers to hold MBAs, which prepare graduates to make informed suggestions on investments.

As of May 2018, Minnesota employed 15,610 financial managers, according to the BLS. These professionals earned an annual mean salary of $133,970. Projections Central expects an occupational growth of 16.8% in the state between 2016 and 2026.

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MBA Concentrations for Minnesota Students

Students enrolled in MBA programs in Minnesota can potentially align their studies with their career goals by selecting a specialization that matches one or more of the state's top industries. In Minnesota, key industries include manufacturing, healthcare services, network operation centers, and clean technology. MBA graduates looking to increase employability in Minnesota might consider corresponding concentrations in supply chain management, healthcare management, information technology or information systems, or environmental management.

For more information on how an MBA concentration can help students reach their goals, visit this page.

Online MBA Programs in Surrounding States

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