How Much Does MBA Degree Cost in Minneapolis, MN?
Minneapolis pricing is near the national average. Updated for 2026.
Based on local labor rates, humid-continental climate conditions, and Minneapolis's finance-healthcare-retail economy.See our methodology
MBA Degree Pricing in Minneapolis, MN
In Minneapolis, mba degree costs are 8% above the national average, reflecting the city's finance-healthcare-retail-driven economy. The union-heavy labor market means you have decent options when shopping for quotes. Most residents with a population base of 425K find the pricing competitive relative to the local cost of living.
Local climate plays a direct role in mba degree costs here. Among the coldest major US cities; extreme winters drive massive heating costs and create ice dam, frozen pipe, and snow load issues.
Market-specific factors matter in Minneapolis: strict building codes for energy efficiency; union labor rates are higher but quality is consistent; winter construction premium of 10-20%.
Minneapolis has strict permitting requirements. Budget an additional 5-15% for permits, inspections, and code compliance when planning your mba degree project. Licensed contractors familiar with local codes can navigate this process efficiently.
Minneapolis vs National Average
What Affects MBA Degree Cost in Minneapolis?
Program Type
Online: $20K-$60K. State school: $30K-$80K. Top 25: $100K-$200K total
Top Schools
Harvard/Stanford/Wharton: $150K-$200K tuition alone. Average starting salary post-MBA: $150K-$175K
Minneapolis Market Conditions
strict building codes for energy efficiency; union labor rates are higher but quality is consistent; winter construction premium of 10-20%
Local Climate Impact
among the coldest major US cities; extreme winters drive massive heating costs and create ice dam, frozen pipe, and snow load issues
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Tips to Save on MBA Degree in Minneapolis
- 1.Employer tuition reimbursement covers $5,000-$20,000+ per year at many companies
- 2.Online MBA programs from accredited schools cost 50-70% less
- 3.Consider ROI carefully — a top-20 MBA has different returns than a lower-ranked program
- 4.Apply for assistantships and merit scholarships
- 5.In Minneapolis, verify your contractor handles local permits — the permitting process here is more involved than average and DIY permit applications can cause delays.
- 6.Minneapolis has a strong union labor market. While rates may be higher, union contractors typically carry better insurance and offer workmanship guarantees.
📈 MBA Degree in Minneapolis Cost Trends (2020–2024)
Prices have increased +17.7% over the last 5 years
| Year | National Avg | YoY Change |
|---|---|---|
| 2020 | $59,627 | — |
| 2021 | $62,131 | +4.2% |
| 2022 | $66,170 | +6.5% |
| 2023 | $68,023 | +2.8% |
| 2024 | $70,200 | +3.2% |
Based on national averages adjusted for annual inflation. Actual costs vary by location and project scope.
💬 What Did You Pay?
Real costs reported by homeowners for MBA Degree in Minneapolis
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Frequently Asked Questions
Is an MBA worth the cost?
Top-20 MBA programs show strong ROI with average starting salaries of $150K+. For lower-ranked programs, the ROI depends heavily on your career goals and how much you pay.
Why does mba degree cost different in Minneapolis than other cities?
Minneapolis's costs reflect local labor rates driven by the finance-healthcare-retail economy, humid-continental climate conditions that affect materials and scheduling, and strict permitting requirements. The union-heavy labor market also influences competitive pricing.
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