Small Business Schools In Minnesota
In Minnesota, there are 16 accredited schools where small business classes faculty can find employment. Below are statistics and other relevant data to help analyze the state of small business and small business training in Minnesota, which includes small business training at the following levels:
- Small Business Certificate
- Associates degree in Small Business
- Bachelors degree in Small Business
- Masters degree in Small Business
Schools
Cities
Statistics
Professional Trends
Minnesota Vs. National Small Business Employment
| Minnesota | 30,150 |
| National | 1,708,080 |
Approximately 2% of the country's small business professionals work in Minnesota state.
Employment Growth for Small business professionals In Minnesota
| 34,110 | 31,930 | 31,340 | 29,390 | 30,150 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Yellow: Actual Values
The number of small business professionals is shrinking in Minnesota. There were 3,960 less small business professionals working in Minnesota in 2010, than there were in 2006. Thus, in Minnesota, this field has shrunk by 12% in four years. This decline is faster than the national trend for small business professionals which shows a 3% increase in the number of small business professionals working around the nation.
Small Business VS. All Professions salaries in Minnesota
| $100,370 | $104,530 | $108,720 | $111,520 | $109,320 |
| $45,649 | $48,094 | $49,813 | $50,330 | $51,158 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Light Blue: Small Business
- Dark Yellow: All Professions
The amount earned by small business professionals is increasing in Minnesota. Small business professionals earned a yearly mean salary of $100,370 in 2006. They earned a yearly mean salary of $109,320 in 2010.
Salary percentiles for Small business professionals in Minnesota
10th percentile |
$48,050 |
25th percentile |
$64,780 |
50th percentile |
$90,060 |
75th percentile |
$134,450 |
90th percentile |
$178,840 |
This represents a growth in salaries of 8%. State trends for all professions mirror this growth. Within the field of small business, there is a huge variation in pay, with the highest paid small business professionals earning 272% more money than those in the bottom 10% of the pay bracket in Minnesota state.
Average Salaries for Small business professionals and related professions in Minnesota
Accounting |
$46,752 |
Advertising |
$80,512 |
Business Administration |
$89,057 |
Business Management |
$97,543 |
Finance |
$70,874 |
Forensic Accounting |
$62,070 |
Hospitality |
$32,403 |
Human Resources |
$69,810 |
International Business |
$93,375 |
Management |
$87,914 |
Marketing |
$87,062 |
Project Management |
$84,875 |
Property Management |
$55,890 |
Restaurant Management |
$48,290 |
Risk Management |
$80,853 |
Small Business |
$109,320 |
In Minnesota, small business professionals earn, on average, more than professionals in related fields.
Educational Trends
Small Business programs available for each degree type for all schools in Minnesota
associate |
4 |
bachelor |
6 |
master |
2 |
doctor |
0 |
Certificate |
8 |
| Total | 20 |
The number of students graduating from the 16 accredited small business schools in Minnesota is increasing. In Minnesota, there were 116 graduates in 2006. And there were 207 graduates from small business courses in 2010.
Thus there was a 78% percent increase in the number of small business school degree or certificate graduates in Minnesota. Most of these graduates, or 40%, earned a undergraduate certificate in small business.