Minneapolis Schools with Business Degree Programs
The Minneapolis area has many schools for people interested in studying business, and this article explores three that are no more than 10 minutes from the city center. After a look at the schools and their programs, the article features a table of important statistics about the schools, such as the percentage of applicants who are accepted, the number of students and tuition. Following this are the names of a few more Minneapolis-area schools with relevant programs.
- The University of Minnesota-Twin Cities, about four miles from downtown, awards a Bachelor of Science in Business with10 possible majors, as well as several master's degrees and a doctoral degree. Graduate students can enroll in dual degree programs, such as Juris Doctor (JD)/Master of Business Administration (MBA) and Master of Public Policy (MPP)/MBA.
- Around three miles from downtown, Augsburg College offers eight undergraduate business administration majors.
- North Central University offers a bachelor's degree and a minor in business administration. This school is just a mile from downtown Minneapolis.
Comparison of Schools
Students who are looking for a business school need to consider many factors. The following table presents information about these schools in a way that makes it easy to compare them.
|University of Minnesota-Twin Cities||Augsburg College||North Central University|
|School Type||4-year, Public||4-year, Private not-for-profit||4-year, Private not-for-profit|
|Total Enrollment (2014)||51,147*||3,548*||1,191*|
|Campus Setting||Large city||Large city||Large city|
|Tuition & Fees (2015-2016)||$13,790 in-state; 22,210 out-of-state*||$35,465*||$21,586*|
|% of First-Year Students Receiving Some Form of Financial Aid (2013-2014)||78%*||100%*||99%*|
|Acceptance Rate (2013-2014)||45%*||68%*||91%*|
|Retention Rate (2014)||92%*||75%*||69%*|
|Undergraduate Graduation Rate (2014)||78%*||63%*||47%*|
Source: *NCES College Navigator.
University of Minnesota-Twin Cities
The University of Minnesota-Twin Cities, oldest and largest of the University of Minnesota system's schools and among the nation's largest public research universities, enrolls over 52,000 students. The U of M Carlson School of Management offers experiential learning and research. Students can take part in the Emerging Leadership Program, Virtual Team Projects and Global Executive MBA programs, among many other opportunities. The Carlson School of Management also offers several joint MBA degrees with other schools and departments across the U of M campus.
Bachelor of Science in Business
Undergraduate students can choose from one of ten business majors. For example, the accounting program focuses on gathering, analyzing and presenting financial information. The U of M accounting program offers several different specializations, such as financial accounting, business accounting and income taxation. The supply chain and operations management program is focused on training students to understand the logistical processes that go into business supply chains while training them to improve and maintain these processes. Topics of study include mathematics, business statistics and supply chain operations strategies. Study-abroad or another form of international experience is required for completion of the program. Also, the entrepreneurial management program gives students the training and skills to start and operate a business. Along with the study of business practices and economic functions, students study marketing principles and tax issues and learn to create business models.
Master of Business Administration
The full-time MBA program can be completed in two years while students enrolled in the part-time MBA program can complete their requirements at their own pace. Students participate in hands-on projects which allow them to apply classroom learning to real-life situations. Courses may include business formation, enterprise systems, managerial accounting, marketing management, negotiation strategies and business intelligence.
The Executive MBA is designed for individuals who are already business executives and wish to build on their experience with a new master's degree. Programs like these are completed while students are still working full-time. Students must complete a study of business practices and capstone master's project during their first year of study. There is an emphasis on global business during the second year, in which students engage in an international residency and work with the Global Virtual Team Projects.
The joint MHA/MBA program is designed for individuals interested in healthcare administration as well as business. This program typically leads to positions working for healthcare organizations, pharmaceutical companies, and financial organizations concerned with healthcare. This is a 3-year program and students typically follow a study plan in which they begin the MBA curriculum during the fall semester of their second year. Summer residencies and internships are required and typical courses can include operations management, data analysis, health economics, health finance and healthcare delivery.
This combined 3-year degree is offered through Carlson and the U of M's Humphrey Institute of Public Affairs and is for students who wish to work with public policy and management. Several topics in the required courses include planning economics, financial accounting, survey research, regional economic analysis, organizational behavior and information technology management. Two internships, one for the MPP and one for the MBA, are required during the summer terms.
This is a combined program that allows students to obtain both a law degree and an MBA simultaneously in four years. This program is ideal for individuals interested in corporate law, corporate real estate and business consulting. Law electives, summer clerkships and writing assignments are required in addition to the general MBA curriculum.
The combined MD/MBA program is for individuals interested in healthcare entrepreneurship, development of new medical devices and the pharmaceutical industry. This 5-year program is for students already enrolled in the MD program through the U of M's Medical School.
This 5-year combined program is designed for students already enrolled in the U of M's PharmD program who wish to work in management positions in a pharmacy setting. PharmD students seeking this additional degree begin the MBA curriculum during the fourth year of studies in the College of Pharmacy.
PhD in Business Administration
PhD students are asked to choose from six concentrations to focus on: accounting, finance, information decision sciences, marketing, strategic management and organizations and supply chain and operations. Students must complete at least 40 course credits. Additionally, 24 thesis credits are required.
Augsburg College, also located in the Twin Cities, stresses the importance of personalized educational experiences. It is founded on the values of the Lutheran Church and offers over 50 undergraduate majors. The business program prepares students to either enter the workforce or continue on to graduate studies.
Bachelor of Art in Business Administration
Undergraduate students may choose one of eight majors, including business administration, accounting, finance, management and marketing. Furthermore, they may choose to specialize in marketing or music business. For those who choose to focus on business administration, courses may include principles of management, entrepreneurship, statistical literacy and business law. Management students may study human resource management, strategic management and international management.
North Central University
North Central University is a Pentecostal school that prepares graduates to attain their career goals. Biblical values and an emphasis on ministry is entwined with classroom learning, and there are many opportunities to get involved on campus, including sports, music and theater. The school helps students with career placement upon graduation.
Bachelor of Business Administration
Business administration students are required to complete general education core courses, which include communication arts, fine arts, history, English, science and math. Business topics covered in this degree program comprise management, business law, marketing and accounting. In addition to business courses, students must complete 27 credits of Bible and theology training.
Other School Options
Business degrees are also available at Minnesota School of Business-Brooklyn Center, located 8.6 miles from downtown Minneapolis, and at Bethel University, located 11.5 miles away.