The University of Minnesota in the Twin Cities is a public university set within a large city. The university sits right next to the Mississippi River, giving students a picturesque view west. In fact, the Carlson School of Management is located on the west side of the river—students cross a bridge to get to their classes in this building. Since students at the university are located in a large city, they will be able to leave campus and see the sights, such as the Mall of America or one of the many lakes situated nearby.
Overview of University of Minnesota–Twin Cities (UMN)
Students are able to choose campus housing if they want to be close to their classes. The student body is large, with 50,700+ students enrolled. Undergraduates make up 69% of the enrolled students; 34,400+ students are seeking their bachelor’s degrees. Graduate students at the school number closer to 36,300, or 31% of the population. Females make up 53% of the student enrollment, while males make up 47%. The student-to-faculty ratio is a little high at 17 to 1; students may need to make more of an effort to get in to see instructors if they have issues with their classes.
|Campus Setting||City: Large|
|Student Faculty Ratio||17:1|
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UMN Acceptance Rate and Admissions
|High School GPA||Considered but not required|
|High School Rank||Considered but not required|
|High School Transcripts||Required|
|College Prep Courses||Required|
|TOEFL (Test of English as a Foreign Language)||Required|
|Application Deadline||November 1|
|Common Application Accepted||Yes|
UMN Tuition Cost & Financial Aid
Tuition, fees, books, supplies, room/board, and other expenses bring the total cost for a recent academic year to around $28,800. In-state students pay $15,027 for tuition, while out-of-state students pay $33,325. Depending on your family income, this could easily be too expensive for students and their families to undertake.
This is where the average net price comes in. At the UofM, for a recent academic year, this was $16,691. This is lower than the sticker price quoted above because it is calculated after financial aid kicks in; this is what average student and their family have left to pay after their full financial aid package comes through.
The average net price is established by income, as outlined below.
- Families earning up to $30,000 pay around $7,688
- Families earning between $30,001 and $48,000 pay around $8,898
- Families earning between $48,001 and $75,000 pay around $12,965
- Families earning between $75,001 and $110,000 pay around $19,558
- Families earn more than $110,001 pay around $24,720
Financial aid granted to beginning students looks like this - 5,019 students, or 81%, received this aid. Grants and scholarships were awarded to 3,852 students (63%) with an average total of $9,521; institutional grants and scholarships were awarded to 3,735 students (60%) with average awards of $6,095.
|Average net price||2017-2018|
|Average Total Aid||$9,521|
|Students Receiving Financial Aid||81%|
|Room & Board||$10,358|
- Tuition In-State - $15,027
- Tuition Out-of-State - $33,325
- Books and Supplies - $1,000
- Room & Board - $10,358
- Other - $2,434
The student retention rate for freshmen at this institution is 93%; this means that most first-time students return for a second year of academic instruction. The 4-year graduation rate for those who continue to attend is 65%. There is an ongoing trend of students taking more than four years to complete their degrees, so many schools report the 6-year graduation rate as well, which is 80% at this institution.
With a 17 to 1 student faculty ratio and a student population of almost 51,000, it’s clear that the campus is a larger one. Students who have to work during the day may want to attend evening classes and, at the UofM Twin Cities campus, they can. They can also take their classes via online classes, which allows them to keep up with students who are attending face-to-face classes.
Student Population Total
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Social Science Majors||899 Total Graduates / 11%|
|Political Science and Government, General||194 Graduates|
|Economics, General||171 Graduates|
|Econometrics and Quantitative Economics||126 Graduates|
|All Biological & Biomedical Majors||894 Total Graduates / 11%|
|Biology/Biological Sciences, General||310 Graduates|
|Exercise Physiology||157 Graduates|
|Physiology, General||103 Graduates|
|All Engineering Majors||879 Total Graduates / 11%|
|Mechanical Engineering||203 Graduates|
|Electrical and Electronics Engineering||106 Graduates|
|Chemical Engineering||101 Graduates|
|Aerospace, Aeronautical and Astronautical/Space Engineering||85 Graduates|
|Computer Engineering, General||72 Graduates|
|All Business Majors||805 Total Graduates / 10%|
|Finance, General||248 Graduates|
|Marketing/Marketing Management, General||158 Graduates|
|Retailing and Retail Operations||69 Graduates|
|Operations Management and Supervision||63 Graduates|
|All Psychology Majors||544 Total Graduates / 7%|
|Psychology, General||477 Graduates|
|Developmental and Child Psychology||67 Graduates|
|All Computer Information Science Majors||542 Total Graduates / 7%|
|Computer Science||393 Graduates|
|Computer Systems Analysis/Analyst||103 Graduates|
|Computer Systems Networking and Telecommunications||46 Graduates|
|All Other Diplomas||43%|
Outcome & Salary
The outcome and salary for graduates of the University of Minnesota is high enough that they can benefit from a solid return on investment (ROI). Their average salary is $72,000; their average early-career salary is $57,200 and their average mid-career salary rises to $104,000. As the 4-year cost of their education is an average of $66,764, you can see that what they will make after earning their degree will more than cover the cost of said education. A graduate’s 10-year salary earnings potential is $720,000 and their 20-year salary earnings potential is $1,760,000.
This makes the 10-year projected ROI $653,236 and their 20-year projected ROI as high as $1,693,236.
Students graduating high school who don’t go to college earn a national average salary of $38,792. Their 10-year projected income is $387,920 and their 20-year projected income is $775,840.
|College Grads Early Career Salary||$57,200|
|College Grads Average Salary||$72,000|
|College Grads Mid Career Salary||$104,000|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$720,000|
|20 Year Salary Earnings Potential||$1,760,000|
|Cost of Education (Net Price) 4 Year||$66,764|
|10 Year Projected ROI||$653,236|
|20 Year Projected ROI||$1,693,236|
|No College Education Salary Comparison|
|National Average Salary||$38,792|
|10 Year Projected Income||$387,920|
|20 Year Projected Income||$775,840|
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