Rankings / By State

Best Business Colleges in Indiana

By David Krug, Co-Founder, CollegeRanker · Updated 2026-05-31 · 40 schools · Agent Insights

Schools Analyzed

$53,895

Avg. Earnings (10yr)

56%

Avg. Graduation Rate

$18,399

Avg. Net Price

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When considering a business degree in Indiana, students have a range of schools to choose from, each offering unique benefits and challenges. With 40 business programs in the state, understanding how these schools perform can guide families in making informed decisions. On average, graduates from these programs earn about $53,895, which highlights the potential return on investment for students.

The strength of these institutions comes down to key factors like graduate earnings, completion rates, and student debt. For instance, the University of Notre Dame stands out with remarkable graduate earnings of $99,980 and a graduation rate of 96%. In contrast, other schools may offer lower earnings and higher debt, emphasizing the importance of evaluating each program's outcomes closely.

Take Purdue University and Butler University as examples. Purdue graduates earn $72,424 with a graduation rate of 83%, while Butler students earn $77,235 but face a significantly higher net price of $36,041. This contrast in financial commitment and potential earnings is crucial for families balancing costs with future gains.

Key Findings

University of Notre Dame graduates earn an impressive $99,980 on average.

Purdue University has an 83% graduation rate, while Indiana University-Kokomo has only 45%.

Butler University students face a net price of $36,041, compared to Indiana University-Bloomington's $16,264.

The average student debt for graduates in this ranking is $19,000.

Quick Numbers

Schools ranked 40

Avg. earnings at 10yr $53,895

Avg. graduation rate 56%

Avg. net price $18,399

Avg. median debt $23,111

How We Ranked

Business programs in Indiana ranked by outcomes and program concentration

Read our full methodology →

Earnings vs. Cost

Each dot is a ranked school. Up = higher earnings. Right = higher cost. Top-left is the best value.

Graduation Rates

Longer bars = higher graduation rate.

Top 3

University of Notre Dame

Notre Dame, IN

Graduation96%

Earnings$99,980

Net Price$26,780

View full profile →

Butler University

Indianapolis, IN

Graduation80%

Earnings$77,235

Net Price$36,041

View full profile →

Oakland City University

Oakland City, IN

Graduation68%

Earnings$43,283

Net Price$15,210

View full profile →

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Full Rankings

University of Notre Dame

Notre Dame, IN · 8,818 students · Private nonprofit

With a graduation rate of 96%, the University of Notre Dame reflects a strong commitment to student success. The campus culture here emphasizes not just academic excellence but also community, drawing students who are passionate about making a difference in the world.

11% accepted 96% graduate $99,980 earnings

University's full profile

Butler University

Indianapolis, IN · 4,317 students · Private nonprofit

Butler University, with its intimate campus of just over 4,300 students, fosters a close-knit community that encourages collaboration and support. An acceptance rate of 85% indicates a welcoming environment, making it an appealing option for students seeking a personalized education experience in the heart of Indianapolis.

85% accepted 80% graduate $77,235 earnings

Butler's full profile

Oakland City University

Oakland City, IN · 499 students · Private nonprofit

At Oakland City University, which has a close-knit community of around 500 students, the emphasis is on individualized learning and spiritual development. With a graduation rate of 68%, the university is dedicated to helping students achieve their goals while fostering strong personal connections in a supportive environment.

83% accepted 68% graduate $43,283 earnings

Oakland's full profile

Grace College and Theological Seminary

Winona Lake, IN · 1,464 students · Private nonprofit

Nestled in Winona Lake, Grace College and Theological Seminary provides a unique blend of academic rigor and spiritual growth. With a graduation rate of 69%, students can feel confident that they're part of a community focused on their success, both educationally and personally, as they prepare for various career paths or further theological studies.

82% accepted 69% graduate $45,411 earnings

University of Evansville

Evansville, IN · 1,539 students · Private nonprofit

The University of Evansville, a private nonprofit institution, enrolls 1,539 students, creating an intimate campus atmosphere where students can connect closely with faculty and peers. With a graduation rate of 68%, the university demonstrates its commitment to supporting students throughout their educational journey, ultimately helping them achieve their degrees.

78% accepted 68% graduate $53,770 earnings

University's full profile

Ball State University

Muncie, IN · 13,988 students · Public

Ball State University in Muncie serves a large student body of 13,988, creating a dynamic campus environment rich with opportunities and resources. With a 63% graduation rate, the university is dedicated to supporting students through their academic journeys, helping them to not only finish their degrees but also thrive afterward.

86% accepted 63% graduate $51,833 earnings

University of Indianapolis

Indianapolis, IN · 3,005 students · Private nonprofit

With a student body of just over 3,000, the University of Indianapolis cultivates a close-knit community where personalized attention is a priority. This private nonprofit institution has a solid graduation rate of 56%, suggesting that students receive the support they need to succeed. The median earnings for graduates ten years post-enrollment sit at $53,610, indicating a strong return on investment for those who choose to study here.

67% accepted 56% graduate $53,610 earnings

University's full profile

Indiana State University

Terre Haute, IN · 6,188 students · Public

Indiana State University, located in Terre Haute, has a diverse student population of over 6,100. Despite a graduation rate of 42%, the university emphasizes accessibility and affordability, boasting an impressive acceptance rate of 81%. With median earnings of $48,387 for graduates ten years after enrollment, there are opportunities for financial stability after graduation.

81% accepted 42% graduate $48,387 earnings

Indiana's full profile

Hanover College

Hanover, IN · 1,031 students · Private nonprofit

Hanover College, with a smaller student body of around 1,031, offers an intimate educational experience that fosters strong relationships between peers and faculty. The college has a commendable graduation rate of 65%, which speaks to its supportive learning environment. Graduates enjoy median earnings of $53,957 ten years after graduation, suggesting a solid investment in their education.

84% accepted 65% graduate $53,957 earnings

Hanover's full profile

#10

Earlham College

Richmond, IN · 670 students · Private nonprofit

Earlham College, nestled in Richmond, Indiana, is recognized for its commitment to liberal arts education and social justice. With a student body of just 670, it cultivates an intimate learning environment where students are encouraged to think critically and engage deeply with their studies.

73% accepted 68% graduate $50,797 earnings

Earlham's full profile

#11

Goshen College

Goshen, IN · 773 students · Private nonprofit

Nestled in Goshen, Indiana, this college has a strong sense of community and serves around 773 students. With a graduation rate of 63%, it reflects a nurturing environment where students are more likely to thrive, and the median earnings after ten years reach $51,943, which supports the idea of a worthwhile educational investment.

84% accepted 63% graduate $51,943 earnings

Goshen's full profile

#12

Valparaiso University

Valparaiso, IN · 2,083 students · Private nonprofit

Valparaiso University offers a rich academic experience with a graduation rate of 69%, indicating a strong support system for students. Situated in the charming town of Valparaiso, Indiana, this school provides a diverse range of programs, encouraging students to engage both academically and socially within its vibrant campus life of over 2,000 students.

89% accepted 69% graduate $63,191 earnings

Valparaiso's full profile

#13

Saint Mary's College

Notre Dame, IN · 1,458 students · Private nonprofit

Located near Notre Dame, Saint Mary's College offers an enriching educational experience to approximately 1,458 students. With a graduation rate of 73%, it stands out for its strong student support, and graduates earn a median income of $59,354 ten years after leaving, highlighting the value of a degree from here.

76% accepted 73% graduate $59,354 earnings

Purdue University-Main Campus

West Lafayette, IN · 44,503 students · Public

Purdue University has made a name for itself as a leader in engineering and technology, attracting nearly 44,500 students who thrive in its hands-on learning environment. The university’s commitment to affordability is evident, with a 50% acceptance rate that welcomes a diverse range of students eager to make their mark.

50% accepted 83% graduate $72,424 earnings

Purdue's full profile

#15

Huntington University

Huntington, IN · 1,082 students · Private nonprofit

Huntington University offers a unique blend of academics and faith, appealing to students who seek a supportive community alongside rigorous coursework. With about 1,082 students, there's a strong focus on personal attention from faculty and opportunities for hands-on learning that prepare graduates for their careers.

76% accepted 66% graduate $46,672 earnings

Huntington's full profile

#16

Taylor University

Upland, IN · 2,025 students · Private nonprofit

With a commitment to a holistic education, Taylor University nurtures a community of students who seek both academic rigor and spiritual growth. The campus is home to about 2,025 students, fostering a close-knit environment that encourages personal connections and lasting friendships.

74% accepted 75% graduate $52,198 earnings

Taylor's full profile

#17

Indiana University-Bloomington

Bloomington, IN · 37,806 students · Public

Indiana University Bloomington is home to a vibrant community of over 37,800 students, many of whom are drawn to its diverse academic programs and lively campus life. With an acceptance rate of 78%, it provides opportunities for students from a variety of backgrounds to engage in both learning and personal growth.

78% accepted 81% graduate $63,742 earnings

Indiana's full profile

#18

Indiana University-Indianapolis

Indianapolis, IN · 13,830 students · Public

With 13,830 students, Indiana University-Indianapolis is a hub for diverse academic pursuits in the heart of Indianapolis. Graduating 54% of its students, it has a strong commitment to helping students succeed both during and after their college experience. The median earnings for graduates ten years after enrollment reach $55,198, signaling solid career prospects for those who complete their degrees.

76% accepted 54% graduate $55,198 earnings

Indiana's full profile

#19

Manchester University

North Manchester, IN · 936 students · Private nonprofit

Manchester University in North Manchester has a vibrant campus community with 936 students, where collaboration and creativity thrive. The school’s graduation rate of 45% indicates that many students find success in their studies, benefitting from a nurturing academic atmosphere.

71% accepted 45% graduate $51,504 earnings

Manchester's full profile

#20

Indiana University-Kokomo

Kokomo, IN · 2,352 students · Public

With a welcoming campus that serves over 2,300 students, Indiana University-Kokomo is a solid option for those seeking a supportive environment. The school has a diverse student body, with 33% of students receiving Pell Grants, indicating its commitment to accessibility and inclusion for students from various backgrounds.

86% accepted 45% graduate $49,917 earnings

Indiana's full profile

#21

Union Bible College

Westfield, IN · 206 students · Private nonprofit

Union Bible College may be small, with only 206 students, but it offers a unique focus on faith-based education in Westfield, Indiana. Its graduation rate of 43% reflects a commitment to nurturing students in a close community environment. Graduates, while likely to enter ministry or similar fields, face a different financial landscape, as median earnings are not provided, but the values instilled here are foundational for many.

91% accepted 43% graduate

Indiana University-Southeast

New Albany, IN · 3,170 students · Public

Nestled in New Albany, Indiana University-Southeast serves about 3,170 students, providing an intimate learning environment. With a 36% graduation rate, the school is working to enhance student completion, and graduates can expect to earn a median of $47,596 after a decade in the workforce. It's an option for students looking for a close-knit community while pursuing their educational goals.

84% accepted 36% graduate $47,596 earnings

Indiana's full profile

#23

Indiana Institute of Technology

Fort Wayne, IN · 1,441 students · Private nonprofit

Nestled in Fort Wayne, the Indiana Institute of Technology is an excellent choice for students interested in a hands-on, career-oriented education. With 1,441 students and a 38% graduation rate, the school focuses on preparing its graduates for a competitive workforce, particularly in engineering and technology fields.

70% accepted 38% graduate $47,327 earnings

Indiana's full profile

#24

Indiana University-South Bend

South Bend, IN · 3,933 students · Public

Indiana University-South Bend is home to approximately 3,933 students and is situated in a vibrant college town atmosphere. With a graduation rate of 38%, the school is dedicated to supporting its students through their academic journeys, and graduates can look forward to earning a median income of $44,947 a decade after leaving campus. The community here is focused on personal growth and building a strong network among peers.

84% accepted 38% graduate $44,947 earnings

Indiana's full profile

#25

Indiana University-East

Richmond, IN · 2,589 students · Public

Indiana University-East, located in Richmond, accommodates 2,589 students, fostering a close-knit community where personalized attention can enhance the learning experience. With a graduation rate of 42%, the university is actively working on initiatives to help students progress through their studies and achieve their educational aspirations.

67% accepted 42% graduate $47,156 earnings

Indiana's full profile

#26

Trine University

Angola, IN · 2,324 students · Private nonprofit

With a median earning of $57,165 a decade after graduation, Trine University in Angola, IN, showcases solid outcomes for its graduates. The 66% graduation rate reflects a supportive environment where students can thrive, particularly in STEM fields and engineering programs that are well-regarded among employers.

85% accepted 66% graduate $57,165 earnings

Franklin College

Franklin, IN · 900 students · Private nonprofit

With a comfortable campus in Franklin, Indiana, this school serves about 900 students and has a welcoming acceptance rate of 70%. The graduation rate is 62%, and students can expect to earn a median of $55,376 ten years after attending, demonstrating a solid return on investment in a supportive environment.

70% accepted 62% graduate $55,376 earnings

Franklin's full profile

#28

Holy Cross College

Notre Dame, IN · 639 students · Private nonprofit

Holy Cross College, located near Notre Dame, Indiana, provides a close-knit academic environment for its 639 students. The college emphasizes personal growth and community involvement, making it an appealing option for students who value a strong sense of belonging while pursuing their education.

75% accepted 50% graduate $50,416 earnings

Bethel University

Mishawaka, IN · 1,008 students · Private nonprofit

With a welcoming acceptance rate of 98%, Bethel University attracts a diverse array of students looking for a community-oriented education. The small campus in Mishawaka, Indiana, is home to about 1,008 students, fostering close relationships with faculty and peers alike while emphasizing personal and spiritual growth.

98% accepted 55% graduate $48,860 earnings

Bethel's full profile

#30

Purdue University Northwest

Hammond, IN · 5,671 students · Public

Purdue University Northwest, located in Hammond, serves a larger student body of over 5,600 and offers a diverse array of programs. Despite a graduation rate of 43%, the university is committed to supporting students through their challenges, encouraging them to take advantage of the resources available to succeed in their studies and beyond.

72% accepted 43% graduate $48,318 earnings

Purdue's full profile

#31

Indiana Wesleyan University-National & Global

Marion, IN · 6,656 students · Private nonprofit

Indiana Wesleyan University, with its focus on adult learners and online education, serves over 6,600 students seeking flexible options. Located in Marion, Indiana, this school emphasizes practical and faith-based learning, preparing graduates for various career paths while fostering a strong sense of community among students.

36% graduate $59,986 earnings

Indiana's full profile

#32

Purdue University Fort Wayne

Fort Wayne, IN · 5,484 students · Public

With a diverse student population of 5,484, Purdue University Fort Wayne presents a vibrant community for students seeking a public university experience. The school's acceptance rate of 84% indicates a welcoming environment where many students can find their fit and pursue their academic goals regardless of their starting point.

84% accepted 34% graduate $45,872 earnings

Purdue's full profile

#33

Indiana Wesleyan University-Marion

Marion, IN · 1,974 students · Private nonprofit

Indiana Wesleyan University, situated in Marion, Indiana, serves nearly 2,000 students in a faith-based environment that emphasizes personal growth. The school has a graduation rate of 67%, and graduates can expect median earnings of $59,986 ten years after they leave, which suggests a strong correlation between the school’s values and student success.

89% accepted 67% graduate $59,986 earnings

Indiana's full profile

#34

University of Saint Francis-Fort Wayne

Fort Wayne, IN · 1,567 students · Private nonprofit

With a strong focus on community and personalized education, the University of Saint Francis in Fort Wayne is home to 1,567 students. The school has a 58% graduation rate, which signals a supportive environment where students can thrive academically and personally.

96% accepted 58% graduate $55,362 earnings

University's full profile

#35

Indiana Institute of Technology-College of Professional Studies

Fort Wayne, IN · 2,686 students · Private nonprofit

Indiana Institute of Technology’s College of Professional Studies is tailored for adult learners and those looking to balance education with career advancement. With a larger student population of 2,686, it emphasizes flexibility and practical skills that align with workforce demands.

28% graduate $47,327 earnings

Indiana's full profile

#36

Indiana University-Northwest

Gary, IN · 2,661 students · Public

At Indiana University-Northwest, the focus is on accessibility and community integration. With a student population of about 2,661, the university offers a welcoming environment, though it faces challenges with a graduation rate of just 37%. However, the average median earnings for graduates ten years post-graduation are $43,361, indicating potential for upward mobility in the workforce.

73% accepted 37% graduate $43,361 earnings

Indiana's full profile

#37

Anderson University

Anderson, IN · 1,057 students · Private nonprofit

Anderson University, located in Anderson, IN, embraces a welcoming community spirit, which is evident in its enrollment of 1,057 students. The university's 52% graduation rate reflects a commitment to student support and a focus on helping students achieve their academic goals.

79% accepted 52% graduate $48,899 earnings

Anderson's full profile

#38

Marian University

Indianapolis, IN · 2,266 students · Private nonprofit

Marian University, located in Indianapolis, IN, presents a vibrant campus experience for its 2,266 students. The institution emphasizes accessibility, evidenced by a high acceptance rate of 95%, making it an inviting option for many aspiring college students seeking a supportive academic community.

95% accepted 64% graduate $58,759 earnings

Marian's full profile

#39

Saint Mary-of-the-Woods College

Saint Mary of the Woods, IN · 853 students · Private nonprofit

Saint Mary-of-the-Woods College, located just outside Terre Haute, IN, offers a unique setting with a focus on liberal arts education for its 853 students. The 49% graduation rate signals a challenge in student retention, but this college may appeal to those who value a tight-knit community and personalized learning experiences.

72% accepted 49% graduate $43,845 earnings

Calumet College of Saint Joseph

Whiting, IN · 529 students · Private nonprofit

Calumet College of Saint Joseph in Whiting, IN, serves a smaller community of 529 students, leading to a close-knit atmosphere that many find appealing. However, the graduation rate of just 26% raises questions about student support and retention efforts, suggesting this might be a fit for those who thrive in smaller settings with personalized attention.

26% graduate $46,945 earnings

Calumet's full profile

Looking closely at the data reveals that the University of Notre Dame outperforms other institutions significantly. With average earnings of $99,980 and a graduation rate of 96%, it sets a high standard. In contrast, Indiana University-Kokomo, with earnings of $49,917 and a graduation rate of only 45%, illustrates how outcomes can vary widely based on program quality and student support.

After reviewing the 40 schools, families should weigh this data against their own priorities. Consider factors like location, program fit, campus culture, and financial situation. For example, a school with higher earnings may not be worth the cost if it leads to significant debt. Look for programs that align with your career goals and financial capacities.

This data underscores the importance of making informed choices about education. Attending a school with strong outcomes can lead to better job prospects and financial stability. A single decision can shape a family’s future, making it essential to focus on metrics that matter the most.

Data Sources

U.S. Dept of Education College Scorecard

Opportunity Insights Mobility Report Card

Social Capital Atlas

Times Higher Education World Rankings

NCES IPEDS

Sources & Citations

[1]

U.S. Department of Education. College Scorecard Data. Federal Student Aid, National Center for Education Statistics. →

[2]

National Center for Education Statistics. Integrated Postsecondary Education Data System (IPEDS). →

David Krug

Co-Founder, CollegeRanker

David Krug is the co-founder of CollegeRanker and a data systems architect focused on making institutional research accessible to families. He builds the data pipelines and ranking algorithms that power CollegeRanker, drawing from federal datasets and Raj Chetty's Opportunity Insights research to measure what traditional rankings ignore: whether a college actually changes a family's economic trajectory.

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