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2023 Best Business Schools in Minnesota

$45,529 Average Earnings
$25,712 Avg Student Debt

There are so many business programs in today's world that it can tough to figure out which one is the right one for you. You can choose a traditional brick and mortar school, or with the growth of online education, you can attend a school half-way across the country without even leaving your house. Alternatively, you may choose a trade school or bootcamp that prepares you to enter the workforce with knowledge in a specific field.

Along with in-depth profiles of schools and the programs they offer, Business Degree Central has created the <nil> to help you in your search for the best school for you.

View our full ranking methodology.

Top Business Schools in Minnesota

Learn more about these excellent schools below:

#1

Dakota County Technical College

Rosemount, Minnesota
$46,125 Average Earnings
$18,397 Avg Student Debt

Our analysis found Dakota County Technical College to be the best school for business students in Minnesota.

Degree recipients from DCTC accumulate an average of $18,397 in student debt by the time they complete their degree. During the early years of their career, DCTC graduates make an average of $46,125 annually.

Read full report on Dakota County Technical College

#2

Anoka-Ramsey Community College

Coon Rapids, Minnesota
$43,464 Average Earnings
$23,645 Avg Student Debt

A rank of #2 on this year’s list means Anoka-Ramsey Community College is a great place for business students.

By the time they get their degree, students from this school have racked up an average of $23,645 in student loans. Once they receive their degree, Anoka-Ramsey Community College-Coon Rapids Campus graduates enter the workforce, making an average salary of $43,464 during the early year of their career.

Full Anoka-Ramsey Community College Report

#3

Rasmussen University - Minnesota

St. Cloud, Minnesota
$41,281 Average Earnings
$30,701 Avg Student Debt

Out of the 38 schools in Minnesota that were part of this year’s ranking, Rasmussen University - Minnesota landed the # 3 spot on the list.

Degree recipients from Rasmussen University - Minnesota accumulate an average of $30,701 in student debt by the time they complete their degree. For those students on a 10-year repayment plan, the average payment due each month is around $127. Once they receive their degree, Rasmussen University - Minnesota graduates enter the workforce, making an average salary of $41,281 during the early year of their career.

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#4

University of St Thomas Minnesota

Saint Paul, Minnesota
$56,351 Average Earnings
$21,455 Avg Student Debt

Out of the 38 schools in Minnesota that were part of this year’s ranking, University of St Thomas Minnesota landed the # 4 spot on the list.

By the time they get their degree, students from this school have racked up an average of $21,455 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $307.After graduating from UST MN, students go on to jobs where they make an average of $56,351 during the early years of their career.

Read full report on University of St Thomas Minnesota

$39,038 Average Earnings
$19,353 Avg Student Debt

The excellent programs at Minnesota State Community and Technical College helped the school earn the #5 place on this year’s ranking of the best business schools in Minnesota.

On average, students take out $19,353 in loans while pursuing their degree. Once they receive their degree, M State graduates enter the workforce, making an average salary of $39,038 during the early year of their career.

Full Minnesota State Community and Technical College Report

#6

University of Minnesota - Twin Cities

Minneapolis, Minnesota
$50,445 Average Earnings
$21,399 Avg Student Debt

University of Minnesota - Twin Cities came in at #6 in this year’s edition of the ranking.

By the time they get their degree, students from this school have racked up an average of $21,399 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $257. Once they receive their degree, UMN Twin Cities graduates enter the workforce, making an average salary of $50,445 during the early year of their career.

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#7

North Hennepin Community College

Brooklyn Park, Minnesota
$42,370 Average Earnings
$24,533 Avg Student Debt

North Hennepin Community College came in at #7 in this year’s edition of the ranking.

Degree recipients from North Hennepin Community College accumulate an average of $24,533 in student debt by the time they complete their degree. During the early years of their career, North Hennepin Community College graduates make an average of $42,370 annually.

Full North Hennepin Community College Report

#8

Normandale Community College

Bloomington, Minnesota
$41,929 Average Earnings
$20,674 Avg Student Debt

Normandale Community College ranked #8 on this year’s list.

Degree recipients from Normandale Community College accumulate an average of $20,674 in student debt by the time they complete their degree. During the early years of their career, Normandale Community College graduates make an average of $41,929 annually.

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#9

Bethel University Minnesota

Saint Paul, Minnesota
$51,291 Average Earnings
$31,006 Avg Student Debt

Bethel University Minnesota did quite well in this year’s ranking of the best places for business students. It came in at #9 on the list.

On average, students take out $31,006 in loans while pursuing their degree. If you borrow this amount, expect your monthly student loan payment to be around $356, assuming you are on a 10-year repayment plan. During the early years of their career, Bethel University Minnesota graduates make an average of $51,291 annually.

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#10

Bemidji State University

Bemidji, Minnesota
$43,896 Average Earnings
$25,667 Avg Student Debt

Bemidji State University came in at #10 in this year’s edition of the ranking.

By the time they get their degree, students from this school have racked up an average of $25,667 in student loans.After graduating from Bemidji State University, students go on to jobs where they make an average of $43,896 during the early years of their career.

Full Bemidji State University Report

#11

St Cloud Technical and Community College

Saint Cloud, Minnesota
$40,365 Average Earnings
$18,381 Avg Student Debt

St Cloud Technical and Community College landed the #11 spot in the rankings for the best business programs.

By the time they get their degree, students from this school have racked up an average of $18,381 in student loans.After graduating from St Cloud Technical and Community College, students go on to jobs where they make an average of $40,365 during the early years of their career.

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$40,896 Average Earnings
$25,798 Avg Student Debt

Minnesota State University - Moorhead did quite well in this year’s ranking of the best places for business students. It came in at #12 on the list.

On average, students take out $25,798 in loans while pursuing their degree. During the early years of their career, MSU Moorhead graduates make an average of $40,896 annually.

Read More…

#13

University of Minnesota - Duluth

Duluth, Minnesota
$41,529 Average Earnings
$23,164 Avg Student Debt

With a ranking of #13, University of Minnesota - Duluth did quite well on this year’s best schools for business students working.

Degree recipients from UMN Duluth accumulate an average of $23,164 in student debt by the time they complete their degree. Those who take out this much in loans have to make a monthly payment of about $202 if they are on a 10-year repayment plan.After graduating from UMN Duluth, students go on to jobs where they make an average of $41,529 during the early years of their career.

Read full report on University of Minnesota - Duluth

#14

Metropolitan State University

Saint Paul, Minnesota
$47,827 Average Earnings
$31,302 Avg Student Debt

Metropolitan State University landed the #14 spot in the rankings for the best business programs.

Degree recipients from Metro State accumulate an average of $31,302 in student debt by the time they complete their degree.After graduating from Metro State, students go on to jobs where they make an average of $47,827 during the early years of their career.

Full Metropolitan State University Report

#15

Winona State University

Winona, Minnesota
$44,424 Average Earnings
$26,110 Avg Student Debt

Winona State University landed the #15 spot in the rankings for the best business programs.

Degree recipients from Winona State accumulate an average of $26,110 in student debt by the time they complete their degree. If you borrow this amount, expect your monthly student loan payment to be around $176, assuming you are on a 10-year repayment plan. During the early years of their career, Winona State graduates make an average of $44,424 annually.

Read full report on Winona State University

#16

University of Minnesota - Crookston

Crookston, Minnesota
$51,681 Average Earnings
$30,462 Avg Student Debt

University of Minnesota - Crookston did quite well in this year’s ranking of the best places for business students. It came in at #16 on the list.

By the time they get their degree, students from this school have racked up an average of $30,462 in student loans. During the early years of their career, UMN Crookston graduates make an average of $51,681 annually.

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$46,060 Average Earnings
$24,437 Avg Student Debt

Minnesota State University - Mankato did quite well in this year’s ranking of the best places for business students. It came in at #17 on the list.

By the time they get their degree, students from this school have racked up an average of $24,437 in student loans. Those who take out this much in loans have to make a monthly payment of about $133 if they are on a 10-year repayment plan. During the early years of their career, Minnesota State Mankato graduates make an average of $46,060 annually.

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#18

Century College

White Bear Lake, Minnesota
$40,997 Average Earnings
$22,112 Avg Student Debt

With a ranking of #18, Century College did quite well on this year’s best schools for business students working.

By the time they get their degree, students from this school have racked up an average of $22,112 in student loans. During the early years of their career, Century College graduates make an average of $40,997 annually.

Full Century College Report

$41,604 Average Earnings
$22,298 Avg Student Debt

Rochester Community and Technical College came in at #19 in this year’s edition of the ranking.

Degree recipients from Rochester Community and Technical College accumulate an average of $22,298 in student debt by the time they complete their degree.After graduating from Rochester Community and Technical College, students go on to jobs where they make an average of $41,604 during the early years of their career.

Read full report on Rochester Community and Technical College

$40,141 Average Earnings
$15,948 Avg Student Debt

Alexandria Technical & Community College did quite well in this year’s ranking of the best places for business students. It came in at #20 on the list.

By the time they get their degree, students from this school have racked up an average of $15,948 in student loans. During the early years of their career, ATCC graduates make an average of $40,141 annually.

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#21

St Catherine University

Saint Paul, Minnesota
$53,926 Average Earnings
$32,729 Avg Student Debt

St Catherine University did quite well in this year’s ranking of the best places for business students. It came in at #21 on the list.

On average, students take out $32,729 in loans while pursuing their degree. For those students on a 10-year repayment plan, the average payment due each month is around $266. Once they receive their degree, St. Kate’s graduates enter the workforce, making an average salary of $53,926 during the early year of their career.

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$56,065 Average Earnings
$29,703 Avg Student Debt

Saint Mary’s University of Minnesota came in at #22 in this year’s edition of the ranking.

By the time they get their degree, students from this school have racked up an average of $29,703 in student loans. During the early years of their career, SMU MN graduates make an average of $56,065 annually.

Read More…

#23

Augsburg University

Minneapolis, Minnesota
$50,712 Average Earnings
$26,790 Avg Student Debt

Augsburg University ranked #23 on this year’s list.

On average, students take out $26,790 in loans while pursuing their degree.After graduating from Augsburg, students go on to jobs where they make an average of $50,712 during the early years of their career.

Read full report on Augsburg University

#24

Saint Cloud State University

Saint Cloud, Minnesota
$45,870 Average Earnings
$25,873 Avg Student Debt

Saint Cloud State University came in at #24 in this year’s edition of the ranking.

On average, students take out $25,873 in loans while pursuing their degree.After graduating from St. Cloud State University, students go on to jobs where they make an average of $45,870 during the early years of their career.

Full Saint Cloud State University Report

#25

Capella University

Minneapolis, Minnesota
$61,758 Average Earnings
$36,349 Avg Student Debt

Capella University came in at #25 in this year’s edition of the ranking.

By the time they get their degree, students from this school have racked up an average of $36,349 in student loans. Once they receive their degree, Capella University graduates enter the workforce, making an average salary of $61,758 during the early year of their career.

Full Capella University Report

Notes and References

Footnotes

*These averages are for the top 25 schools only.

References

  • Read more about our ranking methodology.
  • The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
  • Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
  • Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

More about our data sources and methodologies.

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