June 19, 2024
Best MBA Programs in Minneapolis

Best MBA Programs in Minneapolis: Minneapolis, a city thriving in a plethora of industries and professional opportunities, is home to distinguished institutions offering premier MBA programs.

The MBA programs in the city are meticulously curated to cultivate advanced business skills, leadership excellence, and innovative thought processes among ambitious professionals and students.

Top MBA Programs in Minneapolis

University of Minnesota (Carlson School of Management)

Founded in 1919, the Carlson School of Management at the University of Minnesota has a long-standing tradition of academic excellence in business education.

Over the years, the school has expanded its programs and services to stay at the forefront of business innovation and education.

Famous Alumni

  • Richard Anderson: Former CEO of Delta Air Lines.
  • John Stumpf: Former CEO of Wells Fargo.
  • Greg Page: Former CEO of Cargill.


The Carlson School consistently ranks among top business schools in the U.S. and the world. Various programs, such as its Information Systems and Part-Time MBA, often secure top spots in global rankings.

According to US news and report, for the 2023-2024 rankings, University of Minnesota–Twin Cities (Carlson) is ranked No. 31 (tie) in Best Business Schools and No. 14 in Part-time MBA.

Augsburg University (Business Administration Department)

Founded in 1869 as a private liberal arts institution, Augsburg University has grown to be a respected institution in the region.

Its Business Administration Department offers various programs catering to diverse business needs.

Famous Alumni

Though perhaps not as globally recognized as larger institutions, Augsburg has produced many successful leaders in the business world and other sectors.


While Augsburg may not frequently feature in global business school rankings, it’s well-respected regionally, especially for its emphasis on ethical leadership and business practices.

According to US news and report, for the 2023-2024 rankings, Augsburg University is ranked 17 out of 167 Regional Universities Midwest.

Hamline University (School of Business)

Established in 1854, Hamline University has the distinction of being Minnesota’s oldest university.

The School of Business is an integral part of Hamline’s academic offerings, catering to both undergraduate and graduate students.

Famous Alumni

  • Walter Mondale: Former U.S. Vice President. (Note: Not from the School of Business but is one of the university’s most recognized alumni.)
  • Several business leaders and professionals have graduated from Hamline, contributing significantly to the region’s economy and beyond.


Hamline University is recognized regionally for its programs, and while its School of Business might not rank among the very top on a global scale, it enjoys a good reputation in the Midwest.

According to US news and report, for the 2023-2024 rankings, Hamline University is ranked 10 out of 167 Regional Universities Midwest.

St. Catherine University (School of Business)

Founded by the Sisters of St. Joseph of Carondelet in 1905, St. Catherine University is a private Catholic university. The School of Business emphasizes leadership, ethics, and real-world experience.

Famous Alumni

St. Catherine has produced numerous leaders, especially women, in various fields, many of whom have been instrumental in shaping industries in the region.


While it may not frequently appear in top global business school rankings, its dedication to ethical leadership, especially for women, makes it a respected institution in its region.

According to US news and report, for the 2023-2024 rankings, St. Catherine University is ranked 216 out of 439 National Universities.

Concordia University, St. Paul (College of Business and Technology)

A private institution established in 1893, Concordia University is affiliated with the Lutheran Church-Missouri Synod.

The College of Business and Technology offers modern programs catering to the contemporary business world.

Famous Alumni: Concordia has produced several leaders in various industries, notably in the Midwest.


Concordia University, St. Paul emphasizes personalized education and has a strong regional presence.

While the College of Business and Technology might not feature prominently in global rankings, it’s well-regarded in its region.

Course Structure and Curriculum

MBA programs in Minneapolis offer comprehensive curriculums, blending core business disciplines such as Marketing, Finance, and Operations.

These curriculums aim to bestow profound knowledge and practical insights, equipping graduates to navigate the complex business world effectively.

Admission Requirements

Candidates aspiring to join these esteemed MBA programs in Minneapolis must meet several prerequisites including:

  • Submission of a completed application form.
  • Holding a Bachelor’s degree from a recognized institution.
  • Provision of GMAT or GRE scores.
  • Presentation of letters of recommendation.
  • Articulation of career goals and motivations in a Statement of Purpose.

Career Opportunities and Salary Prospects

Graduates of MBA programs in Minneapolis can pursue lucrative careers in sectors such as Technology, Healthcare, and Finance, undertaking roles like Operations Manager, Business Analyst, and Marketing Director.

Depending on industry, role, and experience, the average annual salary for MBA graduates ranges between $70,000 and $130,000.

Alumni Network and Support Services

The institutions in Minneapolis maintain extensive and robust alumni networks, fostering enduring professional relationships and collaborations among graduates.

These networks are invaluable reservoirs offering mentorship, support, and abundant opportunities for professional growth.

Accreditation and Rankings

The importance of accreditation cannot be overstated as it validates the quality of education provided by the institutions.

The MBA programs mentioned are accredited by reputable bodies, ensuring adherence to high standards of academic excellence.

Financial Aid and Scholarships

Various financial aid options and scholarships are available to prospective students at Minneapolis institutions.

Merit-based scholarships, need-based grants, and loan programs are designed to make quality education attainable for deserving candidates.

Conclusion on 4 Best MBA Programs in Minneapolis

Opting for an MBA in Minneapolis provides access to unmatched learning experiences and a spectrum of career paths in diverse industries.

The committed institutions in Minneapolis offer top-quality education, innovative learning, and skill development to shape future business leaders. The comprehensive curriculum, prominent faculty, and favorable learning environment mark Minneapolis as an optimal choice for MBA aspirants.