2023 Most Popular Business Schools in Minnesota
There are lots of options to pick from today when trying to decide which business program is right 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. Also there are many trade schools and bootcamps that offer short-term programs that open up more career options.
To assist you in seeing some of the education options that are available to you, Business Degree Central has created its Most Popular Business Schools in Minnesota ranking. This report analyzed 68 schools in Minnesota to see which ones were the most popular programs for business students. To create this ranking we looked at how many students graduated from each school on the list.
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Most Popular Business Schools in Minnesota
Learn more about these popular schools below:
Our 2023 rankings named University of Minnesota - Twin Cities the most popular school in Minnesota for business students working on their degree. Minneapolis, Minnesota is the setting for this large institution of higher learning. The public school handed out degrees to 2,416 students in 2020-2021.
On average, students take out $21,399 in loans while pursuing their degree. For those students on a 10-year repayment plan, the average payment due each month is around $257. During the early years of their career, UMN Twin Cities graduates make an average of $50,445 annually. Around 46% of those degree recipients were women.
The programs at Capella University helped the school earn the #2 place on this year’s ranking of the most popular business schools in Minnesota. Minneapolis, Minnesota is the setting for this large institution of higher learning. The private for-profit school handed out degrees to 2,407 students in 2020-2021.
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. Around 68% of those degree recipients were women.
You’ll be in good company if you attend University of St Thomas Minnesota. The school came in at #4 on this year’s Most Popular Business Schools in Minnesota list. UST MN is a medium-sized private not-for-profit school situated in Saint Paul, Minnesota. It awarded 1,049 degrees in 2020-2021.
Degree recipients from UST MN accumulate an average of $21,455 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 $307 if they are on a 10-year repayment plan. Once they receive their degree, UST MN graduates enter the workforce, making an average salary of $56,351 during the early year of their career. Of those students who received their degree, 41% were women.
You’ll be in good company if you attend Minnesota State University - Mankato. The school came in at #5 on this year’s Most Popular Business Schools in Minnesota list. Located in Mankato, Minnesota, the fairly large public school awarded 666 diplomas to qualifed students in 2020-2021.
On average, students take out $24,437 in loans while pursuing their degree. If you borrow this amount, expect your monthly student loan payment to be around $133, assuming you are on a 10-year repayment plan. Once they receive their degree, Minnesota State Mankato graduates enter the workforce, making an average salary of $46,060 during the early year of their career. Around 40% of those degree recipients were women.
Metropolitan State University ranked #6 on this year’s Most Popular Business Schools in Minnesota list. Metro State is located in Saint Paul, Minnesota and has a medium-sized student population. In 2020-2021, this school awarded 647 degrees to qualified students.
By the time they get their degree, students from this school have racked up an average of $31,302 in student loans. Once they receive their degree, Metro State graduates enter the workforce, making an average salary of $47,827 during the early year of their career. Around 53% of those degree recipients were women.
North Hennepin Community College landed the #7 spot in the 2023 rankings for the most popular business programs. Located in Brooklyn Park, Minnesota, the medium-sized public school awarded 589 diplomas to qualifed students in 2020-2021.
By the time they get their degree, students from this school have racked up an average of $24,533 in student loans. Once they receive their degree, North Hennepin Community College graduates enter the workforce, making an average salary of $42,370 during the early year of their career. Around 60% of those degree recipients were women.
University of Minnesota - Duluth ranked #8 on this year’s Most Popular Business Schools in Minnesota list. UMN Duluth is a medium-sized public school situated in Duluth, Minnesota. It awarded 525 degrees in 2020-2021.
Degree recipients from UMN Duluth accumulate an average of $23,164 in student debt by the time they complete their degree. If you borrow this amount, expect your monthly student loan payment to be around $202, assuming you are on a 10-year repayment plan. Once they receive their degree, UMN Duluth graduates enter the workforce, making an average salary of $41,529 during the early year of their career. Of those students who received their degree, 35% were women.
Saint Mary’s University of Minnesota landed the #9 spot in the 2023 rankings for the most popular business programs. SMU MN is a small private not-for-profit school situated in Winona, Minnesota. It awarded 506 degrees in 2020-2021.
On average, students take out $29,703 in loans while pursuing their degree. During the early years of their career, SMU MN graduates make an average of $56,065 annually. Of those students who received their degree, 60% were women.
Concordia University, Saint Paul did quite well in this year’s ranking of the most popular places for business students. It came in at #10 on the list. Concordia University, Saint Paul is located in Saint Paul, Minnesota and has a medium-sized student population. In 2020-2021, this school awarded 454 degrees to qualified students.
By the time they get their degree, students from this school have racked up an average of $30,777 in student loans. During the early years of their career, Concordia University, Saint Paul graduates make an average of $51,318 annually. Around 62% of those degree recipients were women.
Saint Cloud State University did quite well in this year’s ranking of the most popular places for business students. It came in at #11 on the list. Saint Cloud State University is a fairly large public school located in Saint Cloud, Minnesota that handed out 429 degrees in 2020-2021.
By the time they get their degree, students from this school have racked up an average of $25,873 in student loans. During the early years of their career, St. Cloud State University graduates make an average of $45,870 annually. Of those students who received their degree, 44% were women.
Rasmussen University - Minnesota did quite well in this year’s ranking of the most popular places for business students. It came in at #12 on the list. Rasmussen University - Minnesota is a private for-profit institution located in St. Cloud, Minnesota. The school has a small population, and it awarded 378 degrees in 2020-2021.
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.After graduating from Rasmussen University - Minnesota, students go on to jobs where they make an average of $41,281 during the early years of their career. Around 80% of those degree recipients were women.
Winona State University ranked #13 on this year’s Most Popular Business Schools in Minnesota list. Winona State is a medium-sized public school situated in Winona, Minnesota. It awarded 356 degrees in 2020-2021.
Degree recipients from Winona State accumulate an average of $26,110 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 $176 if they are on a 10-year repayment plan. Once they receive their degree, Winona State graduates enter the workforce, making an average salary of $44,424 during the early year of their career. Around 46% of those degree recipients were women.
With a ranking of #14, Minnesota State University - Moorhead did quite well on this year’s most popular schools for business students working. This medium-sized public school is located in Moorhead, Minnesota, and it awarded 313 degrees in 2020-2021.
By the time they get their degree, students from this school have racked up an average of $25,798 in student loans. Once they receive their degree, MSU Moorhead graduates enter the workforce, making an average salary of $40,896 during the early year of their career. Of those students who received their degree, 49% were women.
With a ranking of #15, Bemidji State University did quite well on this year’s most popular schools for business students working. Bemidji State University is a small public school located in Bemidji, Minnesota that handed out 280 degrees in 2020-2021.
Degree recipients from Bemidji State University accumulate an average of $25,667 in student debt by the time they complete their degree. During the early years of their career, Bemidji State University graduates make an average of $43,896 annually. Around 45% of those degree recipients were women.
Augsburg University did quite well in this year’s ranking of the most popular places for business students. It came in at #16 on the list. Augsburg University is a small private not-for-profit school located in Minneapolis, Minnesota that handed out 233 degrees in 2020-2021.
On average, students take out $26,790 in loans while pursuing their degree. Once they receive their degree, Augsburg graduates enter the workforce, making an average salary of $50,712 during the early year of their career. Around 38% of those degree recipients were women.
With a ranking of #17, Bethel University Minnesota did quite well on this year’s most popular schools for business students working. Bethel University Minnesota is located in Saint Paul, Minnesota and has a small student population. In 2020-2021, this school awarded 225 degrees to qualified students.
Degree recipients from Bethel University Minnesota accumulate an average of $31,006 in student debt by the time they complete 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. Once they receive their degree, Bethel University Minnesota graduates enter the workforce, making an average salary of $51,291 during the early year of their career. Of those students who received their degree, 51% were women.
University of Minnesota - Crookston landed the #18 spot in the 2023 rankings for the most popular business programs. UMN Crookston is a small public school situated in Crookston, Minnesota. It awarded 223 degrees in 2020-2021.
Degree recipients from UMN Crookston accumulate an average of $30,462 in student debt by the time they complete their degree. Once they receive their degree, UMN Crookston graduates enter the workforce, making an average salary of $51,681 during the early year of their career. Of those students who received their degree, 51% were women.
Normandale Community College ranked #19 on this year’s Most Popular Business Schools in Minnesota list. Located in Bloomington, Minnesota, the medium-sized public school handed out 210 degrees in 2020-2021.
On average, students take out $20,674 in loans while pursuing their degree.After graduating from Normandale Community College, students go on to jobs where they make an average of $41,929 during the early years of their career. Around 62% of those degree recipients were women.
Century College came in at #20 in this year’s edition of the Most Popular Business Schools in Minnesota ranking. Century College is a medium-sized public school located in White Bear Lake, Minnesota that handed out 197 degrees in 2020-2021.
On average, students take out $22,112 in loans while pursuing their degree. During the early years of their career, Century College graduates make an average of $40,997 annually. Around 65% of those degree recipients were women.
Hamline University did quite well in this year’s ranking of the most popular places for business students. It came in at #21 on the list. Located in Saint Paul, Minnesota, the small private not-for-profit school awarded 188 diplomas to qualifed students in 2020-2021.
By the time they get their degree, students from this school have racked up an average of $25,733 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $288. During the early years of their career, Hamline graduates make an average of $41,396 annually. Of those students who received their degree, 46% were women.
With a ranking of #22, Minnesota State Community and Technical College did quite well on this year’s most popular schools for business students working. Located in Fergus Falls, Minnesota, the medium-sized public school awarded 171 diplomas to qualifed students in 2020-2021.
Degree recipients from M State accumulate an average of $19,353 in student debt by the time they complete their degree. During the early years of their career, M State graduates make an average of $39,038 annually. Around 63% of those degree recipients were women.
The College of Saint Scholastica came in at #23 in this year’s edition of the Most Popular Business Schools in Minnesota ranking. St. Scholastica is a small private not-for-profit school situated in Duluth, Minnesota. It awarded 163 degrees in 2020-2021.
By the time they get their degree, students from this school have racked up an average of $30,536 in student loans. Those who take out this much in loans have to make a monthly payment of about $314 if they are on a 10-year repayment plan. During the early years of their career, St. Scholastica graduates make an average of $48,635 annually. Around 53% of those degree recipients were women.
Dakota County Technical College landed the #24 spot in the 2023 rankings for the most popular business programs. DCTC is a public institution located in Rosemount, Minnesota. The school has a small population, and it awarded 146 degrees in 2020-2021.
By the time they get their degree, students from this school have racked up an average of $18,397 in student loans. Once they receive their degree, DCTC graduates enter the workforce, making an average salary of $46,125 during the early year of their career. Of those students who received their degree, 56% were women.
Saint Johns University ranked #25 on this year’s Most Popular Business Schools in Minnesota list. SJU is a private not-for-profit institution located in Collegeville, Minnesota. The school has a small population, and it awarded 144 degrees in 2020-2021.
Once they receive their degree, SJU graduates enter the workforce, making an average salary of $41,681 during the early year of their career.
Most Popular Business Schools in the Plains States Region
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Notes and References
Footnotes
*These averages are for the top 25 schools only.
References
- 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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