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Business Administration & Management Major

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Business Administration & Management

128,077 Master's Degrees Annually
2,604 Doctor's Degrees Annually
#1 in Popularity (Master's)
$103,110 Median Salary

Types of Degrees Business Administration & Management Majors Are Getting

The following table lists how many business administration and management graduations there were in 2018-2019 for each degree level.

Education Level Number of Grads
Master’s Degree 128,188
Graduate Certificate 4,965
Doctor’s Degree 2,604

What Business Administration & Management Majors Need to Know

People with careers related to business administration were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Business Administration Majors

According to O*NET survey takers, a major in business administration should prepare you for careers in which you will need to be knowledgeable in the following areas:

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  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Skills for Business Administration Majors

When studying business administration, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

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  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Speaking - Talking to others to convey information effectively.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Abilities for Business Administration Majors

As a business administration major, you will find yourself needing the following abilities:

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  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.

What Can You Do With a Business Administration & Management Major?

Below is a list of occupations associated with business administration:

Job Title Job Growth Rate Median Salary
Administrative Services Managers 10.1% $96,180
Agents and Business Managers of Artists, Performers, and Athletes 4.7% $66,040
Brownfield Redevelopment Specialists and Site Managers 8.0% $107,480
Business Professors 18.0% $83,960
Clinical Research Coordinators 9.9% $123,860
Compliance Managers 8.0% $107,480
Computer and Information Systems Managers 12.0% $142,530
Construction Managers 11.1% $93,370
Cost Estimators 10.5% $64,040
First-Line Supervisors of Retail Sales Workers 3.8% $39,630
General and Operations Managers 9.1% $100,930
Investment Fund Managers 8.0% $107,480
Logisticians 6.9% $74,600
Logistics Analysts 6.9% $74,600
Logistics Engineers 6.9% $74,600
Logistics Managers 6.8% $94,730
Loss Prevention Managers 8.0% $107,480
Management Analysts 14.3% $83,610
Natural Sciences Managers 9.9% $123,860
Purchasing Managers 5.4% $118,940
Regulatory Affairs Managers 8.0% $107,480
Sales Managers 7.5% $124,220
Security Managers 8.0% $107,480
Social and Community Service Managers 18.0% $65,320
Storage and Distribution Managers 6.8% $94,730
Supply Chain Managers 8.0% $107,480
Transportation Managers 6.8% $94,730
Water Resource Specialists 9.9% $123,860
Wind Energy Operations Managers 8.0% $107,480
Wind Energy Project Managers 8.0% $107,480

Who Is Getting a Master’s Degree in Business Administration & Management?

128,188 Master's Degrees Annually
47% Percent Women
32% Percent Racial-Ethnic Minorities
This is one of the most frequently chosen graduate majors. It is the 1st most popular in the country with 128,077 students graduating with a master’s in business administration in 2019. Roughly 47% of the graduates are women, and 53% are men.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of business administration majors is as follows:

Racial-Ethnic Diversity of Business Administration Students with Master's Degrees
Race/Ethnicity Number of Grads
Asian 8,462
Black or African American 17,683
Hispanic or Latino 11,512
White 61,510
International Students 15,196
Other Races/Ethnicities 13,825

Geographic Diversity

Business Administration appeals to people across the globe. About 11.9% of those with this major are international students. The most popular countries for students from outside the country are:

  • China
  • India
  • Saudi Arabia
  • South Korea
  • Vietnam

How Much Do Business Administration & Management Majors Make?

Master’s Degree Starting Salary

The median starting salary of students who graduated in 2015-2017 with a master’s degree in business administration was $61,300 per year. These stats come from the U.S. Department of Education. During this timeframe, most salaries fell between $53,500 (25th percentile) and $73,900 (75th percentile).

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One thing to note here is that not all of these people may be working in careers related to business administration.

Salaries According to BLS

Average salaries range from $71,670 to $123,880 (25th to 75th percentile) for careers related to business administration. This range includes all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Median Salary for a Business Administration & Management Major  ( 71670 to 123880 )
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Median Salary for a High School Graduate  ( 30000 to 57900 )
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Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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Some careers associated with business administration require an advanced degree while some may not even require a bachelor’s. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to business administration have obtained the following education levels.

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Education Level Percentage of Workers
Less than a High School Diploma 0.6%
High School Diploma - or the equivalent (for example, GED) 12.0%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production) 5.8%
Some College Courses 9.2%
Associate’s Degree (or other 2-year degree) 8.9%
Bachelor’s Degree 44.6%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master. 3.7%
Master’s Degree 10.9%
Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level. 1.1%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession. 0.2%
Doctoral Degree 3.1%
Post-Doctoral Training 0.4%

Online Business Administration & Management Programs

In the 2018-2019 academic year, 2,725 schools offered some type of business administration and management program. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level Colleges Offering Programs Colleges Offering Online Classes
Certificate (Less Than 1 Year) 1,168 371
Certificate (1-2 years) 661 207
Certificate (2-4 Years) 17 2
Associate’s Degree 1,821 654
Bachelor’s Degree 521 236
Post-Baccalaureate 1,168 371
Master’s Degree 1,755 950
Post-Master’s 96 0
Doctor’s Degree (Research) 213 56
Doctor’s Degree (Professional Practice) 11 2
Doctor’s Degree (Other) 3 1

Is a Degree in Business Administration & Management Worth It?

The median salary for a business administration grad is $103,110 per year. This is based on the weighted average of the most common careers associated with the major.

This is 158% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,264,200 after 20 years!

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You may also be interested in one of the following majors related to business administration.

Major Number of Grads
Accounting 105,123
General Business/Commerce 58,451
Finance & Financial Management 56,186
Marketing 51,241
Human Resource Management 26,823
Management Sciences & Quantitative Methods 23,738
Business Support & Assistant Services 19,483
Hospitality Management 19,042
Management Information Systems 14,747
Entrepreneurial Studies 10,427
International Business 10,181
Business/Managerial Economics 6,345
Specialized Sales, Merchandising & Marketing 5,873
Other Business, Management & Marketing 5,834
General Sales & Marketing 5,734
Real Estate 5,700
Construction Management 3,664
Insurance 2,218
Taxation 1,783
Business/Corporate Communications 968
Telecommunications Management 71

References

More about our data sources and methodologies.

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