Business Administration, Management and Operations at Rasmussen University-Minnesota

Rasmussen's business administration associate's degree costs significantly more than typical programs—graduates carry $25,555 in debt compared to the state median of $18,776—but the earnings justify the premium. First-year graduates earn $43,736, placing them in the 92nd percentile nationally and beating 60% of Minnesota programs. While several Minnesota community colleges produce slightly higher earners (North Hennepin leads at $47,361), Rasmussen graduates still out-earn the state median by $2,600 annually, making this one of the stronger-performing business programs in a state with 33 options.

The debt-to-earnings ratio of 0.58 means graduates owe roughly seven months of their first-year salary—manageable territory for an associate's degree. Earnings tick up modestly to $45,005 by year four, suggesting stable employment rather than dramatic career advancement. Given that half the student body receives Pell grants, the relatively higher debt load deserves consideration, but the strong initial earnings provide breathing room for repayment.

For a family comparing Minnesota business programs, Rasmussen sits in the practical middle ground: not the cheapest path, but producing reliably employed graduates who earn well above national standards. The extra $7,000 in debt compared to state averages buys access to a program with proven placement success. If your child needs flexible scheduling or is already working, this represents a solid return—just ensure they're committed to completing the degree to justify the higher borrowing.