Business Professors Pay Range in Minnesota
Pay distribution across experience levels
- 10th Percentile — Entry Level$63,170
- 25th Percentile — Junior$79,320
- 50th Percentile — Median$95,820
- 75th Percentile — Senior$134,990
- 90th Percentile — Top Earners$214,490
Half of Business Professors in Minnesota earn more than $95,820. The top 10% make $214,490 or more, while entry-level workers start around $63,170.
Business Professors in Minnesota: Key Facts
Source: BLS OEWS May 2025
- Minnesota ranks 16th of 51 states for Business Professors pay, at $120,440 per year (5.0% above the U.S. average of $114,720).
- 980 people work as Business Professors in Minnesota — 1.2% of all U.S. Business Professors jobs.
- Location quotient 0.63: Business Professors jobs are less concentrated in Minnesota than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $63,170; the top 10% earn over $214,490.
- Hourly equivalent: $57.9 per hour (2,080 hours/year).
- The highest-paying state is Alaska at $181,700.
- Among education jobs in Minnesota, Chemistry Professors pays the most ($122,920).
Business Professors Job Market in Minnesota
Key factors affecting compensation
Minnesota's key industries are Healthcare, Finance, Manufacturing, and its job market is rated strong. Business Professors here earn $120,440 on average, placing the state 16th nationally.
With a cost-of-living index of 1.0 (U.S. = 1.00), a Minnesota salary of $120,440 is roughly equivalent to $120,440 at the national average cost of living.
Compared with nearby states in the pay ranking, Michigan ($125,880), Rhode Island ($125,040), New Hampshire ($123,790) are the closest alternatives for Business Professors weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Education Jobs in Minnesota
Related career salary benchmarks
- Chemistry Professors $122,920/yr Minnesota +2.1% vs this role
- Biological Science Professors $109,120/yr Minnesota 9.4% vs this role
- Mathematical Science Professors $96,340/yr Minnesota 20.0% vs this role
- Computer Science Professors $95,420/yr Minnesota 20.8% vs this role
- English Language Professors $86,950/yr Minnesota 27.8% vs this role
- Instructional Coordinators $86,930/yr Minnesota 27.8% vs this role
- Education Professors $82,760/yr Minnesota 31.3% vs this role
- Secondary School Teachers $80,020/yr Minnesota 33.6% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Business Professors salary in Minnesota?
The average Business Professors salary in Minnesota is $120,440 per year (median $95,820), which is 5.0% above the national average of $114,720.
How does Minnesota rank for Business Professors pay?
Minnesota ranks 16th out of 51 states. The highest-paying state is Alaska ($181,700/yr).
How much do entry-level Business Professors make in Minnesota?
The lowest-paid 10% of Business Professors in Minnesota earn about $63,170 per year and the 25th percentile is $79,320.
How much do Business Professors make per hour in Minnesota?
About $57.9 per hour, based on the $120,440 annual average and 2,080 working hours per year.
How many Business Professors work in Minnesota?
BLS counts 980 Business Professors jobs in Minnesota (OEWS May 2025).
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