2023 Best Undergraduate Business Schools in Indiana

2022-2023 Business Colleges of Distinction

Published: September 1, 2022

By: Colleges of Distinction Staff

Jump to: Anderson University | Ball State University | Butler University | Hanover College | Indiana State University | University of Evansville | University of Indianapolis | Frequently Asked Questions

Every school on this list has already gotten our stamp of approval for the way they enrich every students’ education through the Four Distinctions. And with the addition of the business badge, you can be sure that these institutions offer hands-on business programs that produce experienced, responsible leaders for the booming corporate world.

We have thoroughly researched the business programs at these Indiana Colleges of Distinction and verified that they exhibit all of the following characteristics:

  • Multidisciplinary exposure across all aspects of business
  • Real-world experience through internships and other forms of engagement with actual firms
  • Industry connections that help students build their network and access to professional growth
  • Business ethics that emphasize how a firm’s obligations extend beyond its shareholders
  • Collaborative learning, in both business and general education courses, that stress the nuances of an efficient team
  • Dedicated advisors and counselors who have a clear understanding of students’ academic and post-graduate milestones

Student success is the primary focus of our Colleges of Distinction, and these business degree-granting CoDs are no exception. With different types of business degrees to help students pursue their desired industry, the 2022-2023 Indiana Business Colleges of Distinction provide a stable foundation for entrepreneurial minds.


anderson university logo

Anderson University

Anderson, IN ‧ Christian ‧ 4-year

Anderson University is a private liberal arts institution in Anderson, Indiana, founded in 1917 by the Church of God. AU seeks to educate students for lives of faith and service in the church and society. It offers more than 50 majors with experiential and service-learning experiences. Notably unique majors include engineering, national security studies, and sport marketing.

SCHOOL LOCATION
Anderson University’s location presents the best of small-town living as well as big-city opportunities just minutes away in Indianapolis. Indy is the second-largest city in the midwest and the fifteenth-largest city in the United States. Within the city of Anderson, there is a beautiful state park for hammocking or hiking; chain and local restaurants; a frisbee golf course blocks away from campus; trails along the river for walking and biking; and more. Within an hour, students have access to an international airport, major and minor sports arenas, multiple museums and historical sites, and all the internship and networking opportunities in downtown Indy.

Acceptance rate 67%      •      Net price $23,792      •      SAT Range 950-1160      •      Students submitting SAT scores 72%
Total Undergrad Population 1,205      •      Setting City: Small      •      Private 4-year
Graduation rate (6 year) 64%      •      Retention rate 71%      •      Student-to-faculty ratio 8:1

Click here for available majors

Business Majors Offered

Business Administration, Management and Operations
Accounting and Related Services
Business/Managerial Economics
Entrepreneurial and Small Business Operations
Finance and Financial Management Services
Human Resources Management and Services
International Business
Marketing


ball state university logo

Ball State University

Muncie, IN ‧ Public ‧ 4-year

Ball State is committed to education with an innovative approach. Students are given a wide range of opportunities to explore their passions through immersive and experiential learning methods. Ball State’s unique entrepreneurship program, as well as its many impact and service initiatives, make the University an ideal environment in which to learn and grow.

IMMERSIVE LEARNING
Immersive learning is a unique characteristic of Ball State’s education, ensuring that every student engages in faculty-led projects and programs that put academic theories to practice. Students are given the chance to apply their knowledge to real-world situations, an approach to education that yields great results. Nearly 1,500 immersive experiences are completed each year.

THE LEARNING CENTER
Students who need extra help with their coursework are welcome to stop by North Quad for free tutoring. Services include free tutoring in such areas as math, writing, and other general courses. Students also have access to online workshops and group exercises.

Acceptance rate 87%      •      Net price $13,195
Total Undergrad Population 15,780      •      Setting City: Small      •      Public 4-year
Graduation rate (6 year) 67%      •      Retention rate 80%      •      Student-to-faculty ratio 14:1

Click here for available majors

Business Majors Offered

Business/Commerce General | Business Administration, Management and Operations | Accounting and Related Services | Entrepreneurial and Small Business Operations | Finance and Financial Management Services | Hospitality Administration/Management | Human Resources Management and Services | International Business | Management Information Systems and Services | Management Sciences and Quantitative Methods | Marketing | Real Estate | Insurance | General Sales Merchandising and Related Marketing Operations | Specialized Sales Merchandising and Marketing Operations | Construction Management


butler university logo

Butler University

Indianapolis, IN ‧ Private ‧ 4-year

Butler’s liberal arts courses exercise students’ ability to nurture and employ the skills that are essential for a job in any field. The University graduates lifelong learners who are able not only to make a living, but to make a life of purpose.

ENRICHED OFFERINGS
Butler has been lauded for such beneficial academic and campus resources as the first-year experience, study abroad, internships, service-learning, and research projects. These resources ensure that every student digs deeply into their education with hands-on approaches to learning.

PROGRAMS FOR LEADERSHIP AND SERVICE EDUCATION
The Programs for Leadership and Service Education (PULSE) is a resource available to assist any club or group, supporting students with the means to carry out the goals of their organizations. It is also the place to go to seek information regarding upcoming events and activities, serving as a great tool for getting involved. Staff members are happy to help students find their niche in the campus community.

Acceptance rate 76%      •      Net price $42,627      •      SAT Range 1150-1320      •      Students submitting SAT scores 70%
Total Undergrad Population 4,492      •      Setting City: Large      •      Private 4-year
Graduation rate (6 year) 81%      •      Retention rate 86%      •      Student-to-faculty ratio 12:1

Click here for available majors

Business Majors Offered

Accounting and Related Services
Entrepreneurial and Small Business Operations
Finance and Financial Management Services
International Business
Management Information Systems and Services
Management Sciences and Quantitative Methods
Marketing
Insurance


Hanover College in Hanover, Indiana

Hanover College

Hanover, IN ‧ Private ‧ 4-year

Situated on 650 acres of woods on the banks of the Ohio River, Hanover College is a private liberal arts institution dedicated to the livelihood of its distinctive intellectual community. Hanover encourages students to take charge of their education and future as committed, curious learners.

UNDERGRADUATE RESEARCH
Every student, regardless of major, has the opportunity to conduct undergraduate research. Biology majors might assist a professor in the lab, while others may travel to Greece to study ancient texts and archaeology.

LEVETT CAREER CENTER
From each student’s first day on campus, the dedicated staff at the Levett Career Center make themselves known and accessible to help them dream up their goals and create a strategy to achieve them. are there to help you dream up your goals and set a plan to help you achieve them. Helping to craft a four-year plan for every student’s college career, the Center offers ideas for the kinds of coursework and extracurriculars that would best prepare them for their chosen path.

Acceptance rate 69%      •      Net price $22,389      •      SAT Range 1060-1230      •      Students submitting SAT scores 38%
Total Undergrad Population 1,028      •      Setting Town      •      Private 4-year
Graduation rate (6 year) 72%      •      Retention rate 84%      •      Student-to-faculty ratio 12:1

Click here for available majors

Business Majors Offered

Business Administration, Management and Operations
Accounting and Related Services
International Business
Marketing


indiana state university seal

Indiana State University

Terre Haute, IN ‧ Public ‧ 4-year

Located in Terre Haute, Indiana, Indiana State University promotes academic inquiry in a welcoming, inclusive environment. From the moment they step foot on campus, students are welcomed into an environment founded on the core values of scholarship, diversity, equity, inclusion, and excellence. Students enjoy the breadth of resources of a public institution with the personalized attention of a private school. 

At Indiana State, students get more than just a degree. They get eye-opening learning experiences. They develop close relationships with world-class faculty who truly care about their success. And Indiana State professors do more than just teach; they inspire, mentor, and challenge students to reach their fullest potential. Students graduate with the skills and experience needed to thrive in a constantly evolving world.

WRITING-INTENSIVE COURSES
At Indiana State, students have big ideas and learn how to share them effectively with the rest of the world. Written and oral communication are essential pillars of general education. Every student, regardless of discipline, will take writing-intensive courses throughout their time at ISU. The writing sequence at Indiana State requires students to satisfy two requirements: first-year composition and advanced composition. These courses are designed to develop and hone a student’s reading and writing competency by emphasizing mechanical correctness and rhetorical effectiveness. 

Acceptance rate 92%      •      Net price $12,903
Total Undergrad Population 8,938      •      Setting City: Small      •      Public 4-year
Graduation rate (6 year) 41%      •      Retention rate 69%      •      Student-to-faculty ratio 18:1

Click here for available majors

Business Majors Offered

Business/Commerce General | Business Administration, Management and Operations | Accounting and Related Services | Finance and Financial Management Services | Human Resources Management and Services | Management Information Systems and Services | Management Sciences and Quantitative Methods | Marketing | Insurance | Construction Management


university of evansville logo

University of Evansville

Evansville, IN ‧ Private ‧ 4-year

The University of Evansville is a private, comprehensive university that is affiliated with The United Methodist Church. Their mission is to empower each student to think critically, act bravely, serve responsibly, and live meaningfully in a changing world.

UE is part of the Ashoka U Changemaker Campus Network, which includes leading colleges and universities who set the bar for social innovation and changemaking in higher education. At UE, the changemaking spirit encourages employees and students to find effective ways to solve the challenges they see in their communities and around the world to enact positive change.

University of Evansville graduates truly stand out above the crowd as they prepare to enter the workforce. This is made possible through real-life experiences that can start happening freshman year in many cases. The Center for Career Development works with students to prepare resumes, practice with mock interviews, and network through on-campus job fairs – and that’s just the beginning. Students can get real-world experience unlike anything else through ChangeLab courses as they solve problems for businesses, community challenges, and other projects. 

Acceptance rate 64%      •      Net price $23,212
Total Undergrad Population 2,041      •      Setting City: Midsize      •      Private 4-year
Graduation rate (6 year) 67%      •      Retention rate 87%      •      Student-to-faculty ratio 10:1

Click here for available majors

Business Majors Offered

Business/Commerce General | Business Administration, Management and Operations | Accounting and Related Services | Business/Managerial Economics | Finance and Financial Management Services | International Business | Management Information Systems and Services | Management Sciences and Quantitative Methods | Marketing


University of Indianapolis logo

University of Indianapolis

Indianapolis, IN ‧ Private ‧ 4-year

The University’s motto, “Education for Service,” is central to the institution’s identity and purpose. This philosophy is integrated into the curriculum of every academic program. Students and faculty alike participate in international and domestic service-learning trips, volunteer opportunities, and community involvement projects, often in the context of their own careers.

UNDERGRADUATE RESEARCH
University of Indianapolis actively promotes research and scholarly activity by providing unique, in-depth research opportunities for students in a variety of fields. Research at the University is collaborative, allowing students to participate in research groups with fellow classmates and a faculty advisor. Student research at the University of Indianapolis has culminated in published research articles in peer-reviewed scientific journals. Most Schools and Colleges within the University also provide financial support for undergraduate student research expenses as well as travel for professional meetings and conferences at which to present their research.

INTERNSHIPS & CAREER PLACEMENTS
From day one, the Professional Edge Center helps students—even those who haven’t decided on a major—identify career pathways, interact with business professionals, and develop professional and interpersonal skills. The Professional Edge Center team is organized into sector experts, giving students the opportunity to work one-on-one with a career advisor dedicated to their field. This gives students a critical advantage over the competition, arming them with everything from field experience and job interview skills to ways to build their network while discovering more about themselves and the world around them. According to a student survey, 94 percent of grads said that the Professional Edge Center gave them an advantage in their careers.

Acceptance rate 84%      •      Net price $20,441      •      SAT Range 960-1170      •      Students submitting SAT scores 86%
Total Undergrad Population 4,271      •      Setting City: Large      •      Private 4-year
Graduation rate (6 year) 62%      •      Retention rate 75%      •      Student-to-faculty ratio 13:1

Click here for available majors

Business Majors Offered

Business Administration, Management and Operations | Accounting and Related Services | Business/Managerial Economics | Entrepreneurial and Small Business Operations | Finance and Financial Management Services | Hospitality Administration/Management | International Business | Management Information Systems and Services | Management Sciences and Quantitative Methods Marketing


What it’s like to attend business schools in Indiana and other FAQ:

What are average tuition costs in Indiana?

The average undergraduate tuition & fees for colleges in Indiana is $8,606 for in-state students at public institutions, $22,512 for out-of-state students at public institutions, and $22,652 for students at private institutions.

Most popular business degree programs in Indiana

Business/Commerce General – 3,480 degrees awarded in 2020
Business Administration, Management and Operations – 2,649 graduates
Accounting and Related Services – 961 graduates
Finance and Financial Management Services – 957 graduates
Marketing – 761 graduates

Cheapest business degree program in Indiana

Indiana State University has an average net price of $12,903, making it the least expensive business degree program in Indiana that made our list.

Easiest business degree program to get into in Indiana

Indiana State University has an acceptance rate of 92%, making it the least exclusive college with a business program on our list.

Business degree program with lowest student debt in Indiana

Ball State University has a median total debt after graduation of $23,250. This is the typical debt for a student who completed their undergraduate degree.

See The Top Business Colleges of Distinction of 2022-2023

Best Undergraduate Business Schools by State

Alabama | California | Colorado | Connecticut | Texas | Florida | Iowa | Kansas | Kentucky Louisiana | Maryland | Massachusetts | Michigan | Minnesota | Missouri | New York | New Jersey | North Carolina | Oklahoma | Oregon | Tennessee | Pennsylvania | Virginia | Illinois | Georgia | Ohio | South Carolina | Washington | Wisconsin