Best Indiana MBA Schools and Programs

Your Guide to an Indiana MBA Career, Curriculum and Education

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What Can You Do With an MBA in Indiana


More than 6.6 million people call Indiana home, making the Hoosier State the 17th most populated one in the country. Indiana has a primarily flat landscape, though it’s also famous for the sand dunes lining the edge of Lake Michigan in the northwest region.

Indiana is also home to many well-known colleges and universities, including the University of Notre Dame, Purdue University, Indiana University, and Ball State University. Most of these schools have distance learning as an option for their students, with some allowing students to finish all of their academic coursework online. Indiana has a strong economy, excellent education options, and it’s a great place to start for students seeking to study for an MBA online.

Why Consider an Online MBA?


Residents of Indiana may be attracted to in-state schools due to the deep discounts on tuition that’s are typically available to local students. And why not stay local and master the skills you need to forge ahead? Indiana has a reasonably low cost of living, though as in most states, the cost rises dramatically in any main city center or metropolitan community like Indianapolis or Fort Wayne.

Also appealing is the fact that many of Indiana's schools offer degrees comprised entirely of online courses, allowing for a much greater degree of flexibility for your life than traditional programs. Many of Indiana’s universities allow for an advanced graduate degree degree to be completed exclusively through online courses, though many also require some in-person campus appearances for some networking and social interaction.

Prior to admission, students may need to take the GMAT and submit scores to prove business knowledge. If you haven’t done this step, check to see if the schools you’re considering require this exam, or whether you may be eligible to apply for a waiver. School policy and requirements will differ depending on the school's you are considering and even if you are attending part- or full-time. You can always do a strategic search for business schools that have the policies and provide the academics you would prefer and skip the others.

Percentage of Students Enrolled By Distance Education


Typical MBA Concentrations


Students may opt to focus their online MBA on a particular concentration such as finance, international business, law or legal studies, innovation and entrepreneurship, human resources, organizational behavior, business analytics, systems management, and more. Which focus you choose is not dependent on your undergraduate degree and it can provide you professional opportunities for a future career in a specific discipline after graduating and may give you a leg up in a competitive hiring pool.

Below are two examples of MBA specializations that can easily translate to a career in business administration in Indiana’s major industries.

  • Supply Chain Management
    To support Indiana’s booming automotive manufacturing industry, an MBA in supply chain management can prepare students for the unique set of challenges faced by administration professionals in this field.
  • Healthcare Management
    As healthcare is another staple of the Indiana economy, hospitals, clinics, and healthcare facilities will need administrators with a strong understanding of the healthcare system, this concentration prepares MBA graduates for middle to upper management positions within the state’s healthcare industry.

Why Accreditation is Important?


Like schools in most Midwestern states, Indiana universities who have earned regional accreditation do so through the Higher Learning Commission. Regionally accredited schools are generally considered to be more rigorous than those with national accreditation schools, though the latter can often be found online.

Students can also seek education at a college or university that’s been credited by the Association to Advance Collegiate Schools of Business. This agency is business school specific and will guarantee that your online MBA program is ethically and academically sound.

Education that is offered by schools with these credentials has been thoroughly vetted to provide the info and credit hours students need to succeed. Their core content and faculty have been reviewed as well as each corse individually. Businesses in the real world know that if they hire a student from one of these programs, they will be an asset to their office right away because they learn everything that is required in their courses. Students educated to this level are much more likely to receive job offers than those who went to an unaccredited program.

Career and Job Outlook for MBA Graduates


Indiana’s economy relies heavily on industries such as manufacturing, healthcare, and transportation. Though manufacturing jobs currently make up one of every four jobs in Indiana, the healthcare industry is really on the rise, with some positions expecting job growth of 30 to 40 percent over the next seven years.

Below are some examples of major employers in Indiana.

Top Employers in the State by Number of Employees


Company Industry Headquarters City Number of Employees
Anthem, Inc Health Insurance Indianapolis 57,000
Eli Lilly Pharmaceuticals Indianapolis 40,655
Delphi Electronics Manufacturing Kokomo 8,000

Though these companies are examples, students can find jobs in these industries as well as others after graduating with an online MBA.

Careers and Salaries for MBA Graduates in Indiana


An MBA can be the key to a lucrative career in business, with many executives bringing in six figure or more in salary per year. The degree conveys mastery of many difficult business concepts, and employers know that MBA graduates can help usher their organizations to financial success.

Please refer to the table below to get a sense of what the average business student earns upon graduating with their final degree.

Average Degree Salary Ranges Potential


  • Earnings with Associates - $46,334
  • Earnings with Bachelors - $59,132
  • Earnings with MBA - $72,183

Careers for Indiana MBA Grads


  • Healthcare Executive
    Healthcare executives work to ensure that patients under their facility’s care receive the best possible experience when they need it the most. The BLS projects that Indiana will enjoy a 17 percent job growth in this industry over the upcoming decade.
  • Management Consultant
    Management consultants are hired by businesses to help them identify ways to create value, increase growth, attract customers, and improve general business performance. They may work on an independent basis or may work within a company on a consulting basis. They help businesses identify gaps in their processes and tighten up operations to maximum efficiency.
  • Operations Manager
    This is a management position that oversees the production and offering of their organization’s goods and/or services. They balance internal business needs with the brand image portrayed to customers and are usually the top supervisor of a company’s operations staff.
  • Financial Advisor
    Financial advisors help individual or business clients to make smart choices about where and how to invest their assets. They may advise on portfolio investments, savings accounts, mortgages, retirement funds, and other potentially complex financial issues. Financial advisors are often an integral part of helping their customers meet both their short- and long-term financial goals.
  • Business Development Executive
    Business development executives develop methods that work toward expanding their company’s customer base. They may collaborate with the marketing department to discuss strategies to attract and retain customers and are then responsible for implementing the strategies in everyday operations.

Best MBA Programs in Indiana


Find some of the Best MBA programs and their concentrations in Indiana below. If you are looking for an MBA degree, you have many choices of colleges to choose from. Our goal is to provide you some of the best options when you are selecting a Master of Business Administration degree.

University of Notre Dame Location
Notre Dame, IN
MBA Concentrations
  • Business Analytics
  • Business Leadership
  • Corporate Finance
  • Digital Marketing and Digital Analytics
  • Innovations and Entreprenuerrship
  • Investment
  • Strategy
  • Supply Chain and Operations Management
Tuition In-State
$57,050
Tuition Out-of-State
$57,050
Retention %
98%
Graduation %
97%
Average Salary
$125,400
Hybrid
NA
Part-Time
NA
Student-to-faculty
9:1
Indiana University Location
Bloomington, IN
MBA Concentrations
No
Tuition In-State
$28,143
Tuition Out-of-State
$52,483
Retention %
90%
Graduation %
80%
Average Salary
$108,500
Hybrid
Yes
Part-Time
NA
Student-to-faculty
16:1
Purdue University Location
West Lafayette, IN
MBA Concentrations
  • Executive MBA
Tuition In-State
$42,500
Tuition Out-of-State
$42,500
Retention %
91%
Graduation %
83%
Average Salary
$109,700
Hybrid
NA
Part-Time
NA
Student-to-faculty
13:1
Butler University Location
Indianapolis, IN
MBA Concentrations
No
Tuition In-State
$13,716
Tuition Out-of-State
$13,716
Retention %
88%
Graduation %
82%
Average Salary
$87,800
Hybrid
NA
Part-Time
Yes
Student-to-faculty
11:1
Indiana Wesleyan University Location
Marion, IN
MBA Concentrations
  • Healthcare Administration
  • Personal Financial Planning
  • School Administration
Tuition In-State
$13,512
Tuition Out-of-State
$13,512
Retention %
79%
Graduation %
72%
Average Salary
$76,200
Hybrid
NA
Part-Time
NA
Student-to-faculty
13:1
Valparaiso University Location
Valparaiso, IN
MBA Concentrations
  • Business Intelligence
  • Engineering Management
  • Finance
  • General Business
  • Management
  • SAP/ERP
Tuition In-State
$11,700
Tuition Out-of-State
$11,700
Retention %
84%
Graduation %
65%
Average Salary
$76,800
Hybrid
Yes
Part-Time
Yes
Student-to-faculty
10:1
Ball State University Location
Muncie, IN
MBA Concentrations
  • Business Essentials for Professionals Certificate
  • Entrepreneurship
  • Finance
  • Health Economics, Policy, and Administration Certificate
  • Logistics And Supply Chain Management
  • Professional Sales Management Certificate
  • Sales Management
Tuition In-State
$9,328
Tuition Out-of-State
$25,542
Retention %
75%
Graduation %
67%
Average Salary
$75,300
Hybrid
Yes
Part-Time
NA
Student-to-faculty
14:1
Indiana University-South Bend Location
South Bend, IN
MBA Concentrations
  • Finance
  • Marketing
Tuition In-State
$7,482
Tuition Out-of-State
$17,627
Retention %
68%
Graduation %
38%
Average Salary
$85,500
Hybrid
NA
Part-Time
Yes
Student-to-faculty
13:1
Anderson University-Indiana Location
Anderson, IN
MBA Concentrations
No
Tuition In-State
$10,785
Tuition Out-of-State
$10,785
Retention %
69%
Graduation %
64%
Average Salary
$66,000
Hybrid
Yes
Part-Time
NA
Student-to-faculty
11:1
Indiana University-Purdue University-Indianapolis Location
Indianapolis, IN
MBA Concentrations
  • Finance
  • Management and Entrepreneurship
  • Marketing
  • Supply Chain Management
Tuition In-State
$9,090
Tuition Out-of-State
$24,864
Retention %
73%
Graduation %
52%
Average Salary
$71,200
Hybrid
NA
Part-Time
NA
Student-to-faculty
15:1
Grace College and Theological Seminary Location
Winona Lake, IN
MBA Concentrations
No
Tuition In-State
$7,872
Tuition Out-of-State
$7,872
Retention %
84%
Graduation %
68%
Average Salary
$55,166
Hybrid
NA
Part-Time
NA
Student-to-faculty
20:1
Oakland City University Location
Oakland, IN
MBA Concentrations
No
Tuition In-State
$9,300
Tuition Out-of-State
$9,300
Retention %
67%
Graduation %
57%
Average Salary
$66,901
Hybrid
NA
Part-Time
NA
Student-to-faculty
12:1
Indiana State University Location
Terre Haute, IN
MBA Concentrations
No
Tuition In-State
$7,668
Tuition Out-of-State
$15,066
Retention %
65%
Graduation %
41%
Average Salary
$75,500
Hybrid
NA
Part-Time
Yes
Student-to-faculty
18:1
Goshen College Location
Goshen, IN
MBA Concentrations
No
Tuition In-State
$29,098
Tuition Out-of-State
$29,098
Retention %
76%
Graduation %
63%
Average Salary
$73,000
Hybrid
NA
Part-Time
NA
Student-to-faculty
10:1
Purdue University Northwest Location
Hammond, IN
MBA Concentrations
  • Accounting
  • Executive
  • Finance
  • Forensic Accounting
  • Information Systems/Business Analytics
Tuition In-State
$6,068
Tuition Out-of-State
$11,244
Retention %
67%
Graduation %
42%
Average Salary
$72,000
Hybrid
NA
Part-Time
NA
Student-to-faculty
17:1
Bethel University-Indiana Location
Mishawaka, IN
MBA Concentrations
No
Tuition In-State
$8,900
Tuition Out-of-State
$8,900
Retention %
64%
Graduation %
62%
Average Salary
$61,722
Hybrid
NA
Part-Time
NA
Student-to-faculty
11:1
University of Southern Indiana Location
Evansville, IN
MBA Concentrations
  • Data Analytics
  • Engineering Management
  • Human Resources
Tuition In-State
$10,246
Tuition Out-of-State
$19,469
Retention %
67%
Graduation %
53%
Average Salary
$67,700
Hybrid
Yes
Part-Time
NA
Student-to-faculty
17:1
Indiana Institute of Technology Location
Fort Wayne, IN
MBA Concentrations
  • Accounting
  • Healthcare Management
  • Human Resources
  • Management
  • Marketing
Tuition In-State
$10,026
Tuition Out-of-State
$10,026
Retention %
68%
Graduation %
38%
Average Salary
$74,034
Hybrid
Yes
Part-Time
NA
Student-to-faculty
11:1
Huntington University Location
Huntington, IN
MBA Concentrations
  • Leadership Coaching Management
Tuition In-State
$11,208
Tuition Out-of-State
$11,208
Retention %
82%
Graduation %
65%
Average Salary
$52,000
Hybrid
NA
Part-Time
NA
Student-to-faculty
12:1
University of Saint Francis-Fort Wayne Location
Fort Wayne, IN
MBA Concentrations
  • Sustainability
Tuition In-State
$11,448
Tuition Out-of-State
$11,448
Retention %
69%
Graduation %
51%
Average Salary
$61,438
Hybrid
NA
Part-Time
NA
Student-to-faculty
11:1
Full Ranking Report

How to Choose & FAQ's


It’s important to do some serious thinking before committing to an online MBA program. Here are some of the factors to consider when deciding which program will best help you to meet your career goals.

  • Compare Student Outcome Data
    Information like graduation rate, student retention rate, average student debt upon graduation, and post-graduate job success can be useful when making a final decision about which MBA program to choose. While this doesn’t necessarily determine whether a school will be a good fit for you or not, it can help you to identify some strengths and weaknesses of the programs you’re considering.
  • Consider the Expected Cost of Your Program
    Most online programs post their tuition rates right on their website. Make a note of the costs that you’re expecting for each program, making sure to consider things like cost of living, administrative fees, technology costs, and possibly even lost income for full time students. Look into grants and scholarships to help offset the cost if necessary.
  • Make Sure Classes Fit With Your Schedule
    Though some schools offer their distance learners a great deal of flexibility about when coursework should be completed, other online MBA programs will require students to log in at particular times to coordinate classes. If the program you’re considering is the latter, make sure classes will be held at a time you’ll be able to virtually attend.
  • Look For Partnerships With Nearby Businesses
    When the time comes to nail down an internship or job, you’ll want to be enrolled in a program that has contacts near you. Whether this means looking at online programs that are based somewhere close by or limiting to schools that do have partnerships with local businesses, you’ll be glad you chose a program with resources nearby..
  • Talk With Students and Alumni
    Ultimately, nobody will have a better perspective of a school’s strengths and weaknesses than the students who have experienced this program themselves. Check to see if the school’s website has resources to connect you with recent alumni or current students; if not, ask an admissions officer how to best get in touch with someone who can give you the information you need.

MBA Degrees, Career Paths & Resources