The Top 5 MBA Programs in Indiana

MBA Programs in Indiana - featured image

Indiana, popularly known as the “Hoosier State,” has a lot to offer, from agriculture to cutting-edge technology. According to IBIS World, Indiana’s GDP has had a 20.3k% growth rate over the past five years and is currently valued at $353.9 billion. The state’s GDP allowed it to be noticed and ranked 19th of all 50 states, with the most prominent industries being Manufacturing, Healthcare, and Social Assistance, and Real Estate and Rental or Leasing.

In addition to its thriving economy, Indiana is also home to reputable business schools such as the Kelley School of Business at Indiana University. Kelley is consistently ranked among the top MBA programs in the United States, offering a strong curriculum and excellent faculty.

The US News and World Report ranked the Kelley School of Business #22 in Best Business Schools. Considering that there are thousands of business schools in the United States, this recognition underscores the quality and competitiveness of Indiana University.

MBA Programs in Indiana - fact

Indiana is known for offering a range of affordable education options, contributing to the accessibility of higher education for a diverse population.

According to the Economic Development of America, 19.0% of the population earned a bachelor’s degree, while 10.6% have graduate degrees. This focus on education aligns with the state’s vision for a skilled and well-educated workforce to contribute to its economy’s continued growth and diversification.

We’ve outlined the top MBA programs found in Indiana. These programs are fully accredited by regional and programmatic accrediting agencies, demonstrating their commitment to providing quality education at reasonable costs. These options are very attractive for prospective MBA students seeking a return on their investment in their education.

Top 5 MBA Programs in Indiana

Kelley School of Business – Indiana University

Indiana University - Kelley School of Business

Indiana University is one of the leading public university systems in the United States, with nine campuses spread over Indiana. Beyond its local campuses, Indiana University has established Global Gateways and Study Abroad Centers in Madrid and Bologna, showcasing its commitment to global education. These international initiatives allow students to engage with diverse cultures, broaden their perspectives, and obtain a global mindset—an increasingly valuable asset in today’s interconnected world.

Indiana University offers several MBA degrees, online and on-campus, in five different locations:

All of these MBA degrees are accredited by AACSB International, ensuring that students, no matter which MBA program they choose, will receive a high-quality business education. While all the MBAs mentioned are known for their top-notch education, they have different program structures, concentrations, and delivery formats to cater to aspiring business leaders’ diverse needs and preferences. This is why it’s essential to carefully assess each business school and program before applying.

And because IU is known for its research contributions, MBA students can benefit from the university’s research environment, engage in cutting-edge projects, and gain exposure to innovative ideas that can influence their problem-solving and decision-making in business.  

The most popular and more selective MBA programs from IU are the ones offered by the Kelley School of Business. Kelley MBAs offers unmatched ROI, transformative professional development, and a robust network of 130,000+ alumni, preparing graduates for successful careers worldwide.

All Indiana University business schools are known for their affordability and financial aid opportunities. Students with excellent undergraduate standings can apply for scholarship opportunities from the business school of their choice.

Mendoza College of Business – University of Notre Dame

University of Notre Dame - Mendoza College of Business

A renowned private Catholic research university, the University of Notre Dame was founded in 1842. Since its beginnings, Notre Dame has been known for its global engagement in research and education. The university is firmly committed to international study programs, and its Global Gateways in various countries facilitate research, collaboration, and educational opportunities worldwide.

The Mendoza College of Business at Notre Dame consistently ranks among the top business schools in the United States. Known for its emphasis on ethical business practices, it offers two MBA degree programs:

These MBA degrees have gained full accreditation from the AACSB. This accreditation ensures that students, regardless of which track they choose, will receive the same high academic standards set by the AACSB to prepare them for the job market. 

MBA students enrolled at Notre Dame gain access to several research centers and initiatives that focus on areas such as ethics, sustainability, and social entrepreneurship. They have the opportunity to engage with these centers to further their understanding of the intersection of business and societal impact.

Both MBA degrees at the Mendoza College of Business require students to immerse themselves in experiential learning, emphasizing the practical application of business concepts in real-world settings. This commitment to hands-on learning sets Notre Dame’s MBA programs apart, ensuring that graduates are well-equipped and confident to navigate the complexities of the business landscape

Considering academic performance and personal qualities, Notre Dame accepts applications from diverse backgrounds. Requirements include an undergraduate degree, a Graduate Certificate, or postgraduate experience. Advanced standing is determined by subject level.

Miller College of Business – Ball State University

Miller College of Business Ball State University

Ball State has been at the forefront of integrating technology into education. The university has implemented various initiatives to enhance digital learning, including providing students access to cutting-edge technologies and fostering innovation in teaching and research. Moreover, Ball State is consistently ranked as one of the best public universities dedicated to creating ways for busy working adult students to complete their degrees via flexible online learning. 

Ball State has seven academic colleges that allow students to tailor their educational experiences. Almost all degrees of the seven colleges offer an online learning opportunity, along with affordable tuition costs and financial aid opportunities. One of its colleges is the Miller College of Business at Muncie, Indiana. Accredited by the AACSB International, all courses and degrees offered by Miller College ensure that students learn from award-winning faculty members. 

The Miller College of Business offers one Master of Business Administration program:

This MBA is designed for students holding down other responsibilities, such as a full-time job and familial obligations. While students can tailor their course schedules and align them with their current lifestyles, real-time online engagement will be required to ensure that students remain connected to their coursework and peers, fostering a dynamic and interactive learning environment. 

The program’s curriculum integrates theoretical knowledge with practical application. Students are encouraged to apply business concepts learned in the virtual classroom to real-world scenarios within their current professional roles.

Moreover, virtual platforms allow MBA students to connect with classmates, faculty, and industry professionals. Networking events, online discussion forums, and collaborative projects enable students to build a solid professional network despite the physical distance. 

Students can further tailor their MBA experience by choosing one of the seven concentrations offered:

  • Artificial Intelligence
  • Business Analytics
  • Construction Management
  • Finance
  • Healthcare Administration
  • Information Technology Leadership
  • Logistics and Supply Chain Management

Students who prefer to have a broad perspective can pursue the General MBA track, which offers more customizable options. 

In addition to concentrations, students can also pursue several Graduate Certificates

Andre B. Lacy School of Business – Butler University

Andre B. Lacy School of Business - Butler University

Butler University is among the top regional universities in the Midwest. As a private university, Butler offers small class sizes that foster close interactions between students and faculty. Butler’s faculty members are often recognized for their expertise, scholarship, and dedication to teaching. The university values the combination of research and teaching, ensuring that students benefit from the latest advancements in their respective fields. 

Butler’s Lacy School of Business is one of the six academic schools of the university. The Old National Bank financially supports this business school, allowing its undergraduate and graduate students to experience world-class training, education, mentoring, and networking opportunities for small businesses in Central Indiana. Lacy School of Business is accredited by the AACSB, further demonstrating its rigor and commitment to offering and developing high-quality business education. 

Students seeking an MBA degree can look forward to Butler’s two MBA offerings:

Butler University’s Full-Time and Online MBA programs emphasize experiential learning, faculty expertise, and developing business leaders. They incorporate case studies, industry projects, networking, and professional development. The programs utilize faculty from the Lacy School of Business and business community connections, focusing on leadership development, ethical decision-making, and global business perspectives. 

The only difference between the two programs is the concentrations offered; an Entrepreneurship and Innovation concentration is available for the Full-Time MBA. For the Online MBA, students can concentrate on Entrepreneurship and Innovation, Finance, International Business, or Leadership. 

Both MBA programs conduct comprehensive admissions processes, considering academic background, professional experience, and recommendation letters. There are also support services like career counseling and alumni networks that aim to enhance student experience.

Scott College of Business – Indiana State University

Scott College of Business - Indiana State University

Indiana State University, established in 1865, gained popularity for offering competitive academic programs in various fields, including business, education, health and human services, arts and sciences, and technology. In addition to its wide range of degree programs, ISU is known for its affordable tuition. ISU also has some of the best financial aid counselors that help students locate the best match for scholarships, grants, and other financial aid options to support their education.

The Scott College of Business is one of ISU’s renowned schools. Accredited by AACSB International, Scott College presents a comprehensive range of degree programs in various business disciplines. The college features modern facilities, including state-of-the-art classrooms, collaborative workspaces, and specialized labs to create an optimal learning environment for business students.  

There are three pathways to complete an MBA at ISU:

The Scott MBAs prepare individuals for a career as a manager or business professional in a competitive business environment. They emphasize theory and practice, developing skills in problem-solving, strategic thinking, and organizational change management. It includes an introductory course, business tools courses, core courses, a culminating experience, and elective coursework.

Students with a non-business degree can still apply for the MBA programs at ISU Scott. However, they must complete accounting, finance, statistics, economics, and United States business law prerequisites. They can complete these required courses in various ways, including for-credit courses, independent study and testing, or unique programs provided by the College of Business. 

Frequently Asked Questions

On average, how much do MBA graduates in Indiana make?

The average yearly salary of MBA professionals in Indiana is $154,218, according to ZipRecruiter; top earners in Indiana earn up to $229,327 a year, while some MBAs earn a median of $80,407 annually. It’s crucial to remember that pay ranges might change depending on several factors, such as the particular sector, job function, amount of experience, and the abilities and qualifications of the individual. 

Where do MBA degree holders find employment in Indiana?

MBA graduates in Indiana find opportunities across various industries. The state has a diverse economic landscape, including manufacturing, healthcare, technical services, trade, and finance. Graduates can find employment almost everywhere in Indiana. However, the highest-paid individuals can be found in Evansville, Terre Haute, and Indianapolis. 

Which companies in Indiana hire the most MBA graduates?

Some of the top MBA recruiters in Indiana are its large-scale businesses, including Koch Enterprises in Evansville, Anthem in Indianapolis, Cummins in Columbus, Berry Global in Evansville, and Eli Lilly and Company in Indianapolis. 

But let’s remember that there are over 500,000 small businesses in Indiana, spanning various industries from technology to manufacturing, that may seek the expertise of MBA grads. Small companies often value the strategic and analytical skills MBA graduates bring as they navigate challenges and seek avenues for expansion.

How important is networking in Indiana? 

Indiana’s MBA employment market is not as big as that of large states. As a result, building personal connections plays a significant role in the hiring process. Networking can open doors to opportunities, provide insights into the local job market, and help you establish a strong professional presence.

How can I network in Indiana? 

Indiana is a state where community engagement is a must. As an MBA grad, you have several avenues to establish a connection within the community. A few of the best and most effective ways to build a professional network is by attending industry events and business conferences. Even if the event is for small businesses, attending one will enhance your professional presence and may lead to more extensive networks. 10times and Eventbrite are excellent sources for staying updated with conferences and events in Indiana.

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