Best Business Development Schools Near Faribault, MN (2026)

Updated August 31, 2026 BLS data College Scorecard On this page

Faribault, Minnesota has 5 accredited schools offering business development programs, with tuition ranging from $6,146 to $18,552 per year for indexed programs. Faribault has a population of about 24,458. Median household income is $61,662 (Census ACS 2023, 5-year). About 17.5% of adults 25+ hold a bachelor’s degree or higher. In Minnesota, the top-earning business development-related role is Sales Manager at a median $151,670 annually (BLS, May 2025).

Closest Business Development Schools to Faribault

The accredited institutions listed below are the closest in our directory that offer business development programs near Faribault, ranked by BOC Score and straight-line distance from Faribault city center. The list is rebuilt from federal IPEDS data on every site update.

How We Rank Schools

Every school list on this site is ordered by the BOC Score, computed from the most recent school-level data published by the U.S. Department of Education (College Scorecard and IPEDS). To qualify, a school must be currently operating and accredited by an agency recognized by the U.S. Department of Education. Each eligible school is then scored on five measures, percentile-ranked against schools at the same credential level:

  • Graduation rate 30%
  • Median earnings, 10 years after entry 25%
  • Average net price (lower is better) 20%
  • Retention rate 15%
  • Fully online availability 10%

Schools without enough outcome data appear after ranked schools, without a score. On this page, schools are ordered by distance from Faribault. Advertising never affects these rankings. Read the full methodology.

Ranked by BOC Score — U.S. Dept. of Education outcome data. Advertising never affects rankings.

Sort:
#1

Dakota County Technical College

Rosemount, MN 31.9 miles from Faribault
  • 2 year
  • Offers a fully online program
  • Accredited
72.2 BOC Score
Graduation rate 52%
Median earnings, 10 yrs after entry $51,938
Avg net price $13,548/yr
Tuition
In‑state$6,679
Out‑of‑state$6,679
Contact
Key stats
  • Programs offered: 46

Source:Accreditor: Higher Learning CommissionIPEDSCollege Scorecard

#2

Inver Hills Community College

Inver Grove Heights, MN 38.2 miles from Faribault
  • 2 year
  • Offers a fully online program
  • Accredited
50.1 BOC Score
Graduation rate 22%
Median earnings, 10 yrs after entry $49,898
Avg net price $11,636/yr
Tuition
In‑state$6,146
Out‑of‑state$6,146
Contact
Key stats
  • Programs offered: 38

Source:Accreditor: Higher Learning CommissionIPEDSCollege Scorecard

#3

St Catherine University

Saint Paul, MN 43.5 miles from Faribault
  • 4 year
  • Offers a fully online program
61.9 BOC Score
Graduation rate 60%
Median earnings, 10 yrs after entry $59,282
Avg net price $19,764/yr
TuitionContact school for pricing
Contact
Key stats
  • Retention rate: 79%
  • Programs offered: 81

Source:IPEDSCollege Scorecard

#4

University of Minnesota-Twin Cities

Minneapolis, MN 46.6 miles from Faribault
  • 4 year
  • Offers a fully online program
83.9 BOC Score
Graduation rate 83%
Median earnings, 10 yrs after entry $69,020
Avg net price $16,778/yr
TuitionContact school for pricing
Contact
Key stats
  • Retention rate: 91%
  • Programs offered: 250

Source:IPEDSCollege Scorecard

#5

St Cloud Technical and Community College

Saint Cloud, MN 98.8 miles from Faribault
  • 2 year
  • Offers a fully online program
63.7 BOC Score
Graduation rate 35%
Median earnings, 10 yrs after entry $46,874
Avg net price $9,635/yr
TuitionContact school for pricing
Contact
Key stats
  • Programs offered: 46

Source:IPEDSCollege Scorecard

#6

Ridgewater College

Willmar, MN 105.5 miles from Faribault
  • 2 year
  • Offers a fully online program
68.7 BOC Score
Graduation rate 47%
Median earnings, 10 yrs after entry $43,827
Avg net price $10,046/yr
TuitionContact school for pricing
Contact
Key stats
  • Programs offered: 54

Source:IPEDSCollege Scorecard

#7

Alexandria Technical & Community College

Alexandria, MN 149.2 miles from Faribault
  • 2 year
  • Offers a fully online program
74.5 BOC Score
Graduation rate 64%
Median earnings, 10 yrs after entry $49,393
Avg net price $13,691/yr
TuitionContact school for pricing
Contact
Key stats
  • Programs offered: 37

Source:IPEDSCollege Scorecard

#8

University of Minnesota-Duluth

Duluth, MN 183.4 miles from Faribault
  • 4 year
  • Offers a fully online program
68.7 BOC Score
Graduation rate 65%
Median earnings, 10 yrs after entry $62,616
Avg net price $18,743/yr
TuitionContact school for pricing
Contact
Key stats
  • Retention rate: 81%
  • Programs offered: 94

Source:IPEDSCollege Scorecard

Source: IPEDS / College Scorecard (2023 cohort). Browse all Minnesota schools on the Minnesota business development page.

Business Development Wages Near Faribault

OccupationMedian Annual Wage (Minnesota, statewide)
Sales Manager$151,670
Sales Representative, Wholesale and Manufacturing$76,750
General and Operations Manager$99,340
Management Analyst$100,790

Source: BLS, May 2025 Occupational Employment and Wage Statistics. The U.S. Bureau of Labor Statistics publishes wage data at the metro (MSA) and state level – not by individual city.

Faribault at a Glance

MetricValueSource
Population24,458Census ACS 2023 5-yr (B01003)
Median household income$61,662Census ACS 2023 5-yr (B19013)
Adults 25+ with bachelor’s+17.5%Census ACS 2023 5-yr (B15003)

Other Faribault-Area Cities With Business Development Programs

Frequently Asked Questions

How many accredited business development schools are near Faribault, MN?

Our directory has 5 accredited schools offering business development programs near Faribault. The closest is Dakota County Technical College in Rosemount, MN (31.9 miles), and the farthest of the schools shown is University of Wisconsin-Stout (77.5 miles). 5 of the highlighted schools are flagged as offering distance education.

What are the highest-paying business development roles in Minnesota?

Based on BLS May 2025 state wage data, the top-paying business development-related roles in Minnesota are: Sales Manager ($151,670), Management Analyst ($100,790), General and Operations Manager ($99,340). Wages for Faribault workers will track these statewide medians, adjusted for local cost of living.

Should I look at programs in Northfield instead of Faribault?

Northfield, MN is 12.1 miles from Faribault and has its own set of local business development programs – see the city’s page. For online programs, distance matters less; for hybrid or in-person formats, comparing both can help.

Is Faribault an affordable place to study business development?

Faribault’s median household income of $61,662 (Census ACS 2023) is one input. Online programs let students stay in Faribault while attending lower-cost out-of-state schools, and Minnesota public universities often offer reduced in-state online tuition.

How do I verify a program is accredited?

Confirm institutional accreditation via the U.S. Department of Education database (U.S. Dept. of Education database), and check for any program-specific accreditation listed by the school.

Learn More About Business Development Programs

Other Programs Available in Faribault

Compare every accredited online degree program with city-level data for Faribault:

Data verified: August 31, 2026. Salary, employment, and tuition figures on this page are sourced from the U.S. Bureau of Labor Statistics (OEWS May 2025; Employment Projections 2024–2034) and the U.S. Department of Education College Scorecard (2023 cohort). The source agency and data year are cited inline with every statistic.

Back to Best Business Development Schools in Minnesota (2026)