Located in the heart of the Midwest, Indiana is the 17th most populous state in the nation and the home of more than 6.6 million people. Indianapolis is the state’s capital and largest urban center; more than two million people reside in the city’s metropolitan area. Geographically, the state is largely flat, with till plains making up the northern and central regions and famous sand ridges and dunes along Lake Michigan in the northwest.

Indiana is home to several well-known institutions of higher learning, including Indiana University, Purdue University, and the University of Notre Dame. Nearly all offer online courses, and many host programs that are administered completely online. The state’s high-quality universities, dynamic economy, and steady growth make it a great place to pursue an online MBA.

If you are a state resident, you will likely benefit from lower tuition for most online MBA programs in Indiana. This is because many schools charge much higher rates for out-of-state students. In-state graduate students can expect to pay around $7,800 in tuition, while out-of-state students can pay upwards of $17,000 per year. There are also numerous programs offering a fully online MBA in Indiana, allowing you greater flexibility as you work toward your degree. The quality of these programs rival their more traditional on-campus counterparts, and you may find that you can complete your degree more quickly and from the convenience of your own home. Some online MBA programs may have in-person requirements that can completed at campuses or instructional centers scattered throughout the state.

In-state graduate students can expect to pay around $7,800 in tuition, while out-of-state students can pay upwards of $17,000 per year.

The state has a relatively low cost of living, although smaller towns and cities are often more affordable than the urban locations of Indianapolis, Fort Wayne, and South Bend. Most online MBA programs in Indiana require applicants to take the GMAT exam. However, you may apply for a waiver if you meet certain requirements, especially if you have considerable professional experience, have formal training in quantitative methods, or have middle- or senior-level management experience.

Percentage of Students Enrolled by Distance Education
Percentage of students enrolled at Title IV institutions in Indiana, by distance education enrollment status, Fall 2012

MBA Concentrations for Indiana Students

The Indiana online MBA concentrations listed below are especially relevant for those who live and will build their careers in the Hoosier State. While there are many options available, these concentrations may give you an advantage when it comes to securing a job within some of the state’s largest and most robust industries.

 

  • Supply Chain and Operations: The automotive industry is one of the largest in Indiana. An MBA with a focus on supply chain and operations prepares you for logistics, plant, or procurement management positions.
  • Healthcare Management: Healthcare is another major industry in Indiana, and this concentration prepares you for middle- and upper-management roles within hospitals, clinics, government agencies, and insurance companies.

Accreditation in Indiana

Most colleges and universities in Indiana, like those in many other Midwestern states, are regionally accredited by the Higher Learning Commission. This agency examines schools and programs, determining whether they provide quality learning experiences to students. Some online schools receive national accreditation, which is generally considered less rigorous than regional accreditation.

You may also find that some Indiana online MBA programs are independently accredited by the Association to Advance Collegiate Schools of Business. This would come in addition to the regional or national accreditation of the school overall. Securing an advanced business degree from an accredited school or program will prepare you for a wide range of careers across some of the fastest-growing industries in the country.

An online MBA in Indiana prepares you for career opportunities in industries across the region. The state boasts a strong business culture, with the manufacturing, healthcare, and transportation industries all among the state’s top employers. Manufacturing alone is responsible for about one in four jobs in the state.

The Indiana Department of Workforce Development projects healthcare to experience the highest rate of employment growth over the next seven years. In fact, some positions are projected grow by 30 to 40 percent.

The communities of Carmel, Fishers, Noblesville, Jeffersonville, and Columbus are the best places in the state for job seekers. It is worth noting that four out of these five cities are in the Indianapolis metropolitan area, toward the middle of the state.

While there are plenty of employment opportunities in the state, those who receive an online MBA in Indiana also tend to earn considerably more than professionals who hold an associate or bachelor’s degree. There is also greater career growth associated with advanced business degrees.

For many professionals, an MBA is a ticket to higher-level positions and greater earning potential. The concepts you learn, the people you meet, and the experiences you gain all give you an advantage over those who possess only undergraduate degrees. This is backed up by the numbers — salary data from PayScale, below, demonstrates the impact an online MBA in Indiana can have on your pocketbook.

Average Salary by Degree
Search Programs by Concentration

Careers for MBAs in Indiana

Financial Manager

These professionals play key roles in the financial health of businesses and organizations. They are usually responsible for developing investment strategies, budgeting, and forecasting. The BLS projects the field to grow by 19% by 2026, and the 2016 median annual pay was $121,750.

Compensation and Benefits Manager

Responsible for planning, creating, and monitoring compensation and benefits programs for employees, these professionals are typically among the most important human resources staff members within organizations. The field is expected to grow at a steady rate, with the median salary hovering around $116,000 per year.

Business Executive

With an annual median salary of $103,950 in 2016, executives tend to earn bonuses and other incentives based on the performance of the organizations they lead. They may work for small, medium, or large companies, including those in Indiana’s largest industries of manufacturing and healthcare.

Healthcare Manager

Healthcare managers plan, supervise, and coordinate health services across a range of organizations. Healthcare is one of the fastest-growing sectors in Indiana, and so there are several opportunities for those who hold MBAs to secure leadership roles within the industry. Overall, the BLS projects 17% growth for this career over the next 10 years.

Management Analyst

These professionals are often outside consultants who help businesses and organizations become more efficient and profitable, typically by increasing revenue and reducing costs. The BLS projects 12% growth in the coming years, with analysts making a median annual salary of just over $81,000 in 2016.

Below is a list of the best online MBA programs in Indiana, determined based on the academic quality they deliver, their affordability, and their potential to help students advance in their careers. All schools included in this list are located in Indiana and are either regionally or nationally accredited.

Rank School Location Cost Toggle Logo Tuition % Receiving Financial Aid Student Population School Type Description

Anderson University

Location Anderson, IN Tuition Tuition $20,350 % Receiving Financial Aid 47% Student Population 2,325 School Type Private

Founded in 1917 as a Bible training school, Anderson University, now a private liberal arts institution, offers learners an online master's of business administration with a focus on practical application. The online MBA is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).

The 37-credit hour, broad-based degree includes optional concentrations in eight different disciplines. Each concentration requires learners to take an additional four credit hours. While most students take two classes at once, the non-cohort program allows students to create flexible schedules while completing their degrees in less than two years. Online classes run synchronously as part of the institution's 15-week semesters.

Prior to beginning this Indiana university online MBA program, students must complete an online introductory class. AU requires graduates to maintain a 3.0 GPA and offers in-depth career services assistance for all students. While the online MBA does not include in-person components, learners can switch to the residential program at any of the campus locations should they desire in-person instruction.


View School Profile

Ball State University

Location Muncie, IN Tuition Tuition $18,300 % Receiving Financial Aid 59% Student Population 21,196 School Type Public

Originated in the 19th century as a teacher training school, Ball State University in Muncie, Indiana offers more than 300 degrees, including 70 online degrees and certificates. The online master's of business administration, which is accredited by the Association to Advance Collegiate Schools of Business (AACSB), provides students with the ability to create their own schedules and degree specializations.

With an overall focus on decision-making, this Indiana online MBA offers a general track and five concentrations. Students with a degree in business need 30-33 credits to graduate, while those without a business degree need up to 51 credits to graduate. BSU offers start dates in the spring, summer, and fall. Students can choose between part-time or full-time study. Most students take two courses per semester and finish the degree within two years.

With no residency requirements for the online MBA degree, students can complete the program from the comfort of their own homes. While most of the classes run synchronously with scheduled webcasts, some classes run asynchronously, which provides even more flexibility.


Concentrations
View School Profile

Bethel College - Indiana

Location Mishawaka, IN Tuition Tuition $16,020 % Receiving Financial Aid 76% Student Population 1,719 School Type Private

A Christian institution founded in 1947 in Mishawaka, Bethel College offers an online master's of business administration for students seeking an advanced business degree with a leadership emphasis. The 36-credit degree program provides flexibility and allows students to organize their courses around their schedules.

Online students at Bethel can choose from six start dates. With sessions running for seven weeks and multiple courses offered each session, learners can complete their entire degree in less than two years. Though most courses run asynchronously, some courses do require scheduled class times.

For admission into this Indiana university online MBA, learners need a 2.5 GPA from a bachelor's degree program and two years' work experience. Some students may also need to complete an undergraduate prerequisite course in accounting. Students may transfer in up to nine credits. In addition to career services, online students have access to academic coaching resources and tutoring services.


View School Profile

Grace College & Theological Seminary

Location Winona Lake, IN Tuition Tuition $21,168 % Receiving Financial Aid 57% Student Population 2,303 School Type Private

Established in 1948, the Grace College & Theological Seminary in Winona Lake offers an online master's of business administration that allows students to develop an advanced understanding of business from a biblical perspective. The 36-credit program offers start dates every fall and winter. The program groups students into cohorts and provides the opportunity for collaborative online learning experiences.

This Indiana university online MBA provides both synchronous and asynchronous classes for online students. Most classes feature eight-week sessions, though some require up to 12 weeks to complete. While enrolled in the program, online learners have access to the digital library, career services, and student success center.

For admission, students need an undergraduate degree with a 2.75 GPA. Although the college prefers a business degree, it is not mandatory. Applicants with an undergraduate degree in another field may be required to complete additional assessments and/or prerequisites.


View School Profile

Indiana Institute of Technology

Location Fort Wayne, IN Tuition Tuition $21,210 % Receiving Financial Aid 85% Student Population 7,542 School Type Private

Based in Fort Wayne, the Indiana Institute of Technology offers students an online master's of business administration with a concentration in accounting. The 42-credit curriculum includes a six-credit capstone and the Becker Certified Public Accountant (CPA) Review, satisfying the prerequisites for the CPA exam.

This Indiana online MBA program provides learners with advanced understanding of government, nonprofit accounting, and fraud examination. The curriculum features accelerated classes, which typically span six- or eight-week sessions. The program offers eight start dates throughout the year.

Applicants must possess two years of work experience and a bachelor's degree with a 2.5 GPA. Additionally, applicants must hold 24 undergraduate credits in accounting and 24 credits in business. These credits should include courses in the principles of management, marketing, and finance.


Concentrations
View School Profile

University of Southern Indiana

Location Evansville, IN Tuition Tuition $12,900 % Receiving Financial Aid 53% Student Population 10,671 School Type Public

In addition to the many degree programs held on the 1,400-acre Evansville campus, the University of Southern Indiana hosts online options, including the master's of business administration. With five concentrations available in the areas of accounting, human resources, data analytics, engineering management, and healthcare administration, students can create a degree tailored to their career interests.

The 30-credit degree offers six start dates throughout the year and can be completed in less than one year. The accelerated classes run asynchronously. This Indiana university online MBA does not feature any residency components. Students may transfer up to 12 credits from another graduate degree program.

Applicants must possess a bachelor's degree with a 2.5 GPA, plus a score of 500 or higher on the GMAT. Students receive online educational, career, and financial support. The online MBA program is accredited by the Association to Advance Collegiate Schools of Business (AACSB).


Concentrations
View School Profile

Indiana University - Bloomington

Location Bloomington, IN Tuition Tuition $69,360 % Receiving Financial Aid 32% Student Population 48,514 School Type Public

A nearly 200-year-old college in Bloomington, Indiana University offers over 120 online degrees. The online master's of business administration provides students with core courses in operations, finance, marketing, and business law. Of the 51 credits required to complete the degree, 12 credits are electives, enabling students to add specializations to their MBA.

This Indiana university online MBA features start dates in winter and spring. Though classes are held in real-time, most sessions are recorded and students can access them asynchronously. The institution offers both part-time and full-time study options, and students can complete the program in 2-4 years. Learners may transfer up to eight credits, allowing them to finish even faster.

Residency requirements for the program include two seven-day visits to the flagship campus in Bloomington. During the first residency, students learn team-building, problem-solving, and professional development. The second year's residency week presents a more global focus.


View School Profile

Indiana Wesleyan University

Location Marion, IN Tuition Tuition $23,604 % Receiving Financial Aid 70% Student Population 14,730 School Type Private

Indiana Wesleyan University began offering degree programs from its residential campus in Marion in 1920. Sixty-five years later, the institution began offering innovative education programs, allowing students to study in different formats. Today, the school offers more than 90 online degrees, including an online master's of business administration.

This 42-credit degree focuses on critical analysis and complex problem-solving. In addition to the general program, this Indiana university online MBA degree offers concentrations in healthcare administration, financial planning, project management, and school administration. Students move through courses as part of a cohort. The accelerated classes allow students to complete the entire degree in 18-26 months.

IWU accepts up to six transfer credits. Applicants must possess a bachelor's degree with a 2.5 GPA in order to be admitted. To graduate, students must complete the program with a 3.0 GPA in all courses, including the three-credit capstone project.


Concentrations
View School Profile

Oakland City University

Location Oakland City, IN Tuition Tuition $15,840 % Receiving Financial Aid 14% Student Population 1,450 School Type Private

Founded in 1885, Oakland City University offers a variety of online degrees, including the master's of business administration. In addition to the general online MBA degree, the 33-credit hour program features an optional healthcare specialization. Each class runs for five weeks. In total, students can complete the program in less than 18 months. Courses follow an asynchronous format. Online students have access to student services, career resources, and academic support.

OCU boasts one of the more hospitable transfer policies among online MBA programs Indiana, accepting up to 33% of required credits. For successful admission, applicants must have two years of leadership experience and a bachelor's degree with a 2.5 GPA. To graduate, students must maintain a 2.7 GPA.


View School Profile

University of Saint Francis - Fort Wayne

Location Fort Wayne, IN Tuition Tuition $17,100 % Receiving Financial Aid 78% Student Population 2,240 School Type Private

Founded in 1890 in Fort Wayne, the University of Saint Francis maintains a virtual campus for students around the world. The online master's of business administration, a program accredited by the Association of Collegiate Business Schools and Programs (ACBSP), provides graduates with an advanced understanding of complex business principles.

The 36-credit degree can be completed in less than one year if students take two classes during each eight-week session. Part-time students taking one class each session can complete the degree in less than 24 months. With six start dates each year and asynchronous classes, students enjoy a flexible schedule.

USF accepts up to 15 credits from other institutions and up to 18 credits from USF graduates. To graduate, students must complete all degree requirements with a 3.0 GPA. Distance learners can access online tutoring.


Concentrations
  • Sustainability
View School Profile

Goshen College

Location Goshen, IN Tuition Tuition $27,324 % Receiving Financial Aid 60% Student Population 870 School Type Private

Goshen College's 36-credit online master's of business administration promotes and fosters leadership skills and global citizenry. Students may specialize in one of three concentrations: accounting and financial management, leadership, and sustainability management. Learners can also create their own concentrations.

The cohort-based program begins every fall. The curriculum features a four-day residency on the Goshen campus and a one-week residency in Costa Rica. Each class runs for six weeks and incorporates both synchronous and asynchronous study. Once enrolled, students can complete this Indiana university online MBA degree in 22 months to four years. Applicants must have a bachelor's degree and strong written and computer skills. The program accepts up to six transfer credits from another master's degree.


Concentrations
View School Profile

Huntington University

Location Huntington, IN Tuition Tuition $21,780 % Receiving Financial Aid 73% Student Population 1,295 School Type Private

Chartered in 1897, Huntington University offers more than 70 programs, including an online master's of business administration. The project-based program prepares graduates for the real world by giving them practical experience and applicable skills. Students can complete the entire degree in less than two years. Learners also benefit from the school's career services and post-graduate preparation.

The 36-credit program includes a 10-12 day global business study tour of Europe, which is included in the Indiana university online MBA cost of tuition. This is the only residency requirement in the program. The majority of online classes run asynchronously to allow for schedule flexibility. Applicants should possess a 3.0 GPA. Huntington University accepts up to six transfer credits, as long as each credit carries a 2.67 GPA.


View School Profile

Trine University

Location Angola, IN Tuition Tuition $15,965 % Receiving Financial Aid 59% Student Population 3,712 School Type Private

Established over 130 years ago in Angola, Indiana, Trine University offers an online master's of business administration. Focusing on advanced business concepts and finance, this online master's degree gives students skills in negotiation, marketing, communication, and corporate strategy. Many of the courses offer a global perspective, allowing students more career opportunities after graduation.

The 30-credit Indiana university online MBA offers a blend of asynchronous and synchronous online classes. Online students receive access to the school's online library, academic success center, and specialized career counseling from the career services department. Though there are no residency requirements, students can turn the degree into a hybrid program by enrolling in on-campus classes. While the admissions department prefers a bachelor's degree in business, it is not mandatory for admission. Students with a degree in another field may be required to take prerequisite courses.


View School Profile

There are many important considerations to make before settling on an online MBA program in Indiana. These include factors discussed above like cost, accreditation, and available specializations. The following list includes some key steps to follow during the program research process for MBA options in any state.

  • Compare student outcomes data

    Student outcomes include graduation rate, year-to-year retention rate, the average debt for a graduate from that school, and overall student satisfaction with their degree program. Student outcomes do not guarantee you will be satisfied with a particular program, but can be useful for pinpointing a school’s strengths and weaknesses.

  • Estimate the expected costs of your programs

    Virtually every accredited college or university posts tuition rates online. Additionally, you should research other college-related costs like living accommodations and meal plans (if you plan to live on-campus), administrative fees, and technology fees (for online students). You should also look into scholarships, grants, and other forms of institutional financial aid that can offset some of the costs.

  • Check that classes will fit in with your schedule

    Scheduling is critical for students with other important commitments, such as childcare or full-time employment. Many online programs are asynchronous, or self-paced; students in these tracks are free to complete course requirements on their own schedule. Synchronous programs, on the other hand, require weekly online meetings with teachers and fellow students.

  • Look for partnerships with local businesses

    A large number of online MBA programs include internship and/or capstone practicum requirements ― and in many cases, students are able to gain on-the-job training and real-world office experience. You should look into the school’s business partnerships, particularly in regard to the industry you plan to enter after earning your MBA.

  • Make sure the program is accredited

    Accreditation status should always be available and easily accessible on a school’s website. In addition to regional or national accreditation, some MBA pathways receive programmatic accreditation. Recognized programmatic accreditors for MBA programs include the Accreditation Council for Business Schools and Programs (ACBSP) and the International Accreditation Counsel for Business Education (IACBE).

  • Talk to current students and/or recent alumni

    You should contact the alumni office at each school you are considering and ask to be connected with former students. These individuals can be good sources of information about education costs, life on- and off-campus, local business tips, and other important details for aspiring MBA students.