Home to over 6.6 million people, located in the heart of the Midwest, Indiana is the 17th largest state by population in the United States. Indianapolis is the capital city and largest urban center; more than 2 million people live in the city’s metro area. Geographically, the state is mostly flat, with plains making up the northern and central areas of the state and famous sand ridges and dunes along Lake Michigan in the northwest.
Indiana hosts many well-known colleges, including Indiana University, Purdue University, and the University of Notre Dame. Most provide online courses, and some run degree programs that are administered entirely online. Indiana’s first-rate universities, active economy, and consistent growth make it a great place to pursue your online MBA.
Consider an Online MBA in Indiana
You can expect to benefit from lower tuition for the majority of online MBA programs in Indiana if you are a state resident. This is because a lot of colleges require much higher costs for out-of-state students. In-state graduate students can expect costs to be around $7,800, while out-of-state students costs can be over $17,000 per school year. Several schools provide a completely online MBA in Indiana, allowing you the most flexibility as you study to complete your degree. The quality of these online programs are equal to their traditional on-campus counterparts. You may also find you can finish your program faster and from the convenience of your own home online. Some online MBA programs do have in-person requirements that can be completed at campuses or instructional centers dispersed across the state.
Indiana has a comparatively low cost of living, smaller towns and cities are frequently more affordable than city locations like, Indianapolis, Fort Wayne, and South Bend. Most online MBA programs in Indiana have GMAT exam requirements. However, you can apply for a waiver in certain situations, particularly if you have substantial work experience, have training in quantitative methods, or have middle to senior-level management experience.
MBA Concentrations for Students in Indiana
The Indiana online MBA specializations highlighted below are particularly germane for those want to build their careers in the Hoosier State. While there are multiple options existing, these concentrations can give you a leg up when it comes to securing employment with some of the state’s best companies
Indiana MBA Graduates Economy, Job, and Career Outlooks
An online MBA in Indiana readies you for employment opportunities in industries throughout the state. Indiana boasts a solid business culture, with the manufacturing, healthcare, and transportation industries all among the state’s largest employers. Manufacturing alone is accountable for 25% of the jobs in the state.
The Indiana Department of Workforce Development forecasts healthcare to experience the largest rate of employment growth over the next seven years. Some positions are even predicted to grow by over 30 percent.
For job seekers, the best places in the state to live are the cities of Carmel, Fishers, Noblesville, Jeffersonville, and Columbus. Interestingly four out of these five cities are in the Indianapolis metro area.
While there are plenty of job opportunities in Indiana, those who receive an online MBA also tend to earn significantly more than workers who earned an associate or bachelor’s degree. There is also better career growth connected with advanced business degrees like MBAs.
MBA Careers in Indiana:
These managers play important roles in the financial health of businesses and organizations. They are usually responsible for developing investment strategies, budgeting, and forecasting. The BLS projects the industry to grow by 19% by 2026, and median annual pay was over $121,000.
Compensation and Benefits Manager
These managers are responsible for planning and monitoring compensation and benefits for employees, these professionals are among the most vital human resources staff members within organizations. The field is expected to grow at a steady rate, with the median salary is around $116,000 per year.
With an annual median salary of $103,950 in 2016, business executives tend to earn bonuses and other incentives based on the success of the organizations they run. They may work for small, medium, or large companies, including those in Indiana’s largest industries of manufacturing and healthcare.
Healthcare managers plan, supervise, and coordinate health services across a variety of organizations. Healthcare is one of the quickest-growing industries in Indiana. There are several opportunities for those who hold MBAs to secure leadership roles within the industry. Overall, the BLS projects 17% growth for this field over the next decade.
Online MBA Programs in Indiana
Below is a list of the best online MBA programs in Indiana, based on the academic excellence they deliver, their cost, and their likelihood to help students advance in their careers. All schools included in this list are located in Indiana.
How to Select an Online MBA Program in Indiana
There are many significant considerations to make before deciding on an online MBA program in Indiana- these include factors explained above like cost, specialization, and concentrations. The following list is made up of some necessary steps to follow during the MBA program research process (in any state).
COMPARE STUDENT OUTCOME DETAILS
Student outcomes incorporate graduation rate, retention rate, the average debt student will take on, and overall student achievement with their degree program. Student outcomes do not ensure you will be pleased with a particular program but can help pinpoint a school’s pros and cons.
CONSIDER EXPECTED COSTS OF YOUR PROGRAMS
Practically every college or university posts tuition costs online. Additionally, you should research other college-related expenses like housing accommodations and meal plans (if you plan to study on-campus), official fees, and IT fees (for online students). You should also look into grants, scholarships, and financial aid that can offset some of the expenses.
CHECK THAT CLASSES WILL FIT INTO YOUR BUSY SCHEDULE
Scheduling is crucial for students with other significant commitments, such as childcare or full-time jobs. Many online programs are self-paced; students in these classes are free to complete coursework on their own schedule. Synchronous programs (on the other hand) demand weekly online meetings with teachers and other students.
PARTNERSHIPS WITH LOCAL BUSINESSES
A large number of online MBA programs will include internships and capstone requirements ― and in many cases, students can obtain on-the-job training with real-world office experience. Look into the school’s industry partnerships, particularly regarding the field you plan to enter after receiving your MBA.
TALK TO CURRENT STUDENTS AND RECENT ALUMNI
You should reach out to the alumni office at each school you are weighing and ask to be connected with previous students. These individuals can be great sources of information about education costs, life on (or off) campus, local tips, and other fundamental details for aspiring MBA students.