Poets&Quants Top Business Schools

University of Minnesota’s Carlson School of Management

#43

Contact Georgina Hannah with any questions. Profile updated: October 14, 2026.

Contact Information

Location:
321 19th Ave S
Suite 1-110
Minneapolis, MN 55455
Admissions Office:
612-625-5555

School Data

Annual Tuition: 42,240 USD

Annual Tuition Non-Resident: 52,248 USD

Acceptance Rate: 47%

Full-Time Enrollment: 157

Average GPA: 3.4

Median GMAT: 680

Median GRE: 319

International: 26%

Minority: 15%

Average Age: 29

Female: 29%

Male: 71%

Application Deadlines: Round 1: October 1, 2026 | Round 2: December 1, 2026 | Round 3: February 1, 2027 | Round 4: April 1, 2027 | Round 5: June 1, 2027

The Carlson School of Management MBA: What You Need To Know

As one of the first business schools to offer experiential learning as a standard in its Full-Time MBA program, the Carlson School is an established leader in preparing students to face complex real-world challenges. Carlson offers an intimate MBA experience, with an average class size of 90 students divided into two cohorts that undergo core courses together. Assistant Dean Phil Miller says, “A small cohort of students translates into personal support and engagement as well as experiential opportunities that are impractical at larger programs. Our career coaches know every student in the class.”

The Carlson School strives to build a well-rounded and diverse cohort each year, looking at each candidate holistically to assure they are the right fit for the program. Among application materials are GMAT/GRE scores, two professional references, a transcript, a video essay, and an interview.

The curriculum is designed to ground all students in business and management fundamentals. Core teams of 4-5 classmates work together across all courses, creating a strong sense of community and cohesion. Carlson is now offering a new Management Science program within the FTMBA: a STEM-designated degree that builds critical skills for full-time students considering careers in finance, consulting, analytics or technology.

The most distinct part of the program is the 15-month experiential learning experience that every student must undertake. The “enterprise” experience — in one of four areas such as brand, consulting, ventures, and funds — accounts for one-sixth of an MBA’s entire workload. Students are placed in small teams managed by both a professional and academic director and put to work on real problems with local companies. Carlson MBA candidates interested in finance or investment management, for example, can help manage a student-run mutual fund with $50 million in assets from actual clients.

The “global discovery program” is part of a second-year course that culminates in a two-week international trip every January. Each section of the class travels to a different locale around the globe. Once they return, students reconvene in the course to engage in a comparative analysis of different regions.

Rankings Data For Carlson School of Management

Ranking Poets&Quants
2025-2026 43
2024-2025 47
2023-2024 44
2022-2023 32
2021-2022 30

MBA Program Consideration Set:

Stretch Schools: Emory, Indiana, USC

Match Schools:  Georgetown, Notre Dame, Washington University, Rice,  Vanderbilt, Texas A&M, Wisconsin, Michigan State

Safe Schools: University of Washington, Brigham Young, Southern Methodist, Rochester, Maryland

Notes: MBA Program Consideration Set: If you believe you’re a close match to this school–based on your GMAT and GPA scores,  your age and work experience, you should look at these other competitive full-time MBA programs as well. We list them by stretch, match, and safety. These options are presented on the basis of brand image and ranking status.

Relevant Features

2020 Best & Brightest MBAs: Amy Hromatka, University of Minnesota (Carlson)

Meet Minnesota Carlson’s MBA Class Of 2021

Is Minnesota Carlson The Best-Kept Entrepreneurial Secret?

2019 Best 40 Under 40 Professors: Elizabeth Campbell, University of Minnesota (Carlson)

Career Stats

Reporting Year: 2025

Compensation

  • Average Base Salary: 135,058 USD
  • Average Signing Bonus: 30,317 USD

Timing of Acceptance

  • Accepted Job by 3 Months After Graduation: 73%
  • First Offer Received by 3 Months After Graduation: 83%

Employment by Industry

Industry % Employed
Consulting 16.7%
Consumer Products 10.4%
Energy 2.1%
Financial Services 12.5%
Government 2.1%
Healthcare 18.8%
Manufacturing 6.2%
Non-Profit 4.2%
Retail 8.3%
Technology 6.2%
Transportation & Logistics Services 2.1%
Other 10.4%

Top Hiring Companies

Boston Consulting Group
Boston Scientific
Deloitte
Ecolab
JPMorgan Chase
KOST Management
Medtronic
Post Consumer Brands
Target Corporation
University of Minnesota