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Master's Degree in Business Administration & Management

Master’s Degrees in Business Administration & Management

120,872 Yearly Graduations
$72,310 Median Salary
50% Women
A master's degree in business administration is offered at 1,184 colleges in the United States. In recent years, the majority of the students getting degrees in this area were male, and 35 were from an underrepresented racial-ethnic group. Also, 7.9% of business administration graduates were international students.

Education Levels of Business Administration Majors

During the most recent year for which data is available, 120,872 people earned their master's degree in business administration. This makes it the 1st most popular master's degree program in the country.

The following table shows the number of diplomas awarded in business administration at each degree level.

Education Level Number of Grads
Master’s Degree 120,872
Graduate Certificate 7,027
Doctor’s Degree 3,606

Earnings of Business Administration Majors With Master’s Degrees

The median salary for graduates holding a master's degree in business administration is $72,310. This number may vary for a lot of reasons. For instance, you may decide to move to a location where people with your degree are rare and make more money. A better approximation of salary is to look at the typical range of salaries. In this case the low is $63,551 and the high is $86,919.

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Student Debt

We do not have the data to estimate the median debt for this class of people.

Student Diversity

More men than women pursue master's degrees in business administration. About 50.4% of graduates in this field are male.

Gender Number of Grads
Men 60,902
Women 59,970
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The racial-ethnic distribution of business administration master’s degree students is as follows:

Race/Ethnicity Number of Grads
Asian 8,293
Black or African American 15,790
Hispanic or Latino 13,742
White 59,195
International Students 9,572
Other Races/Ethnicities 14,280
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There are 1,184 colleges that offer a master’s degree in business administration. Learn more about the most popular 20 below:

#1

Western Governors University

Salt Lake City, Utah
4,830 Yearly Graduations
$72,310 Average Salary
56% Women

The most popular school in the United States for business administration students seekinga master's degree is Western Governors University. Each year, around 147,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $7,710 per year, while in-state graduate students, on average, pay $8,302 per year. During the most recent year for which we have data, 4,830 people received their master's degree in business administration from WGU. Around 28% of these students were from an underrepresented racial-ethnic group, and 56% were women. Western Governors University business administration graduates who receive their master's degree go on to jobs earning a median salary of $72,310.

#2

Southern New Hampshire University

Manchester, New Hampshire
2,271 Yearly Graduations
$72,310 Average Salary
58% Women

Southern New Hampshire University comes in at #2 on our list of the most popular colleges offering master's degrees in business administration. Roughly 134,300 attend the school each year. The average in-state tuition for full-time undergraduates is $15,450 per year, while in-state graduate students, on average, pay $19,467 per year. During the most recent year for which we have data, 2,271 people received their master's degree in business administration from SNHU. About 58% of this group were women, and 32% were students from an underrepresented racial-ethnic group. Those who complete their master's degree in business administration at Southern New Hampshire University make a median salary of 72,310.

2,249 Yearly Graduations
$72,310 Average Salary
53% Women

The 3rd most popular school in the country for business administration majors who are seeking their master's degree is Louisiana State University - Shreveport. Each year, around 9,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $5,656 per year, while in-state graduate students, on average, pay $6,196 per year. During the most recent year for which we have data, 2,249 people received their master's degree in business administration from Louisiana State University - Shreveport. Of these students, 53% were women and 29% were members of underrepresented racial-ethnic groups. Those who complete their master's degree in business administration at Louisiana State University - Shreveport make a median salary of 72,310.

2,219 Yearly Graduations
$72,310 Average Salary
63% Women

University of Phoenix - Arizona is the 4th most popular school in the nation for students seeking a master's degree in business administration. Roughly 89,700 attend the school each year. The average in-state tuition for full-time undergraduates is $9,552 per year, while in-state graduate students, on average, pay $16,215 per year. During the most recent year for which we have data, 2,219 people received their master's degree in business administration from UOPX - Arizona. Of these students, 63% were women and 42% were members of underrepresented racial-ethnic groups. Data shows that UOPX - Arizona graduates that hold this degree go on to make a median salary of $72,310.

2,081 Yearly Graduations
$72,310 Average Salary
56% Women

University of Maryland Global Campus is the 5th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 58,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $7,632 per year, while in-state graduate students, on average, pay $9,432 per year. During the most recent year for which we have data, 2,081 people received their master's degree in business administration from UMGC. Around 54% of these students were from an underrepresented racial-ethnic group, and 56% were women. Data shows that UMGC graduates that hold this degree go on to make a median salary of $72,310.

#6

Grand Canyon University

Phoenix, Arizona
1,793 Yearly Graduations
$72,310 Average Salary
58% Women

Grand Canyon University comes in at #6 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 103,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $16,390 per year, while in-state graduate students, on average, pay $10,138 per year. During the most recent year for which we have data, 1,793 people received their master's degree in business administration from Grand Canyon University. Around 49% of these students were from an underrepresented racial-ethnic group, and 58% were women. Data shows that Grand Canyon University graduates that hold this degree go on to make a median salary of $72,310.

#7

Liberty University

Lynchburg, Virginia
1,586 Yearly Graduations
$72,310 Average Salary
45% Women

The 7th most popular school in the country for business administration majors who are seeking their master's degree is Liberty University. Each year, around 93,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $15,015 per year, while in-state graduate students, on average, pay $7,740 per year. During the most recent year for which we have data, 1,586 people received their master's degree in business administration from Liberty University. Around 29% of these students were from an underrepresented racial-ethnic group, and 45% were women. Liberty University business administration graduates who receive their master's degree go on to jobs earning a median salary of $72,310.

1,353 Yearly Graduations
$72,310 Average Salary
54% Women

The University of Arizona Global Campus is the 8th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 31,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $12,240 per year, while in-state graduate students, on average, pay $12,645 per year. During the most recent year for which we have data, 1,353 people received their master's degree in business administration from UAGC. Around 51% of these students were from an underrepresented racial-ethnic group, and 54% were women. Data shows that UAGC graduates that hold this degree go on to make a median salary of $72,310.

#9

Columbia Southern University

Orange Beach, Alabama
1,241 Yearly Graduations
$72,310 Average Salary
54% Women

The 9th most popular school in the country for business administration majors who are seeking their master's degree is Columbia Southern University. Roughly 18,500 attend the school each year. The average in-state tuition for full-time undergraduates is $5,528 per year, while in-state graduate students, on average, pay $3,640 per year. During the most recent year for which we have data, 1,241 people received their master's degree in business administration from Columbia Southern University. About 54% of this group were women, and 31% were students from an underrepresented racial-ethnic group. Data shows that Columbia Southern University graduates that hold this degree go on to make a median salary of $72,310.

#10

Webster University

Saint Louis, Missouri
1,192 Yearly Graduations
$72,310 Average Salary
48% Women

The 10th most popular school in the country for business administration majors who are seeking their master's degree is Webster University. Roughly 8,100 attend the school each year. The average in-state tuition for full-time undergraduates is $30,530 per year, while in-state graduate students, on average, pay $13,140 per year. During the most recent year for which we have data, 1,192 people received their master's degree in business administration from Webster. Around 42% of these students were from an underrepresented racial-ethnic group, and 48% were women. Those who complete their master's degree in business administration at Webster University make a median salary of 72,310.

1,079 Yearly Graduations
$72,310 Average Salary
33% Women

The 11th most popular school in the country for business administration majors who are seeking their master's degree is University of Illinois at Urbana-Champaign. Each year, around 52,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,768 per year, while in-state graduate students, on average, pay $15,545 per year. During the most recent year for which we have data, 1,079 people received their master's degree in business administration from UIUC. Around 32% of these students were from an underrepresented racial-ethnic group, and 33% were women. Data shows that UIUC graduates that hold this degree go on to make a median salary of $72,310.

#14

DeVry University - Illinois

Lisle, Illinois
921 Yearly Graduations
$72,310 Average Salary
57% Women

DeVry University - Illinois is the 14th most popular school in the nation for students seeking a master's degree in business administration. Roughly 20,800 attend the school each year. The average in-state tuition for full-time undergraduates is $14,392 per year, while in-state graduate students, on average, pay $17,072 per year. During the most recent year for which we have data, 921 people received their master's degree in business administration from DeVry University - Illinois. About 57% of this group were women, and 51% were students from an underrepresented racial-ethnic group. DeVry University - Illinois business administration graduates who receive their master's degree go on to jobs earning a median salary of $72,310.

#15

Harvard University

Cambridge, Massachusetts
897 Yearly Graduations
$72,310 Average Salary
48% Women

The 15th most popular school in the country for business administration majors who are seeking their master's degree is Harvard University. Roughly 30,300 attend the school each year. The average in-state tuition for full-time undergraduates is $54,269 per year, while in-state graduate students, on average, pay $54,032 per year. During the most recent year for which we have data, 897 people received their master's degree in business administration from Harvard. Around 42% of these students were from an underrepresented racial-ethnic group, and 48% were women. Harvard University business administration graduates who receive their master's degree go on to jobs earning a median salary of $72,310.

#16

American Public University System

Charles Town, West Virginia
888 Yearly Graduations
$72,310 Average Salary
33% Women

The 16th most popular school in the country for business administration majors who are seeking their master's degree is American Public University System. Roughly 50,000 attend the school each year. The average in-state tuition for full-time undergraduates is $8,400 per year, while in-state graduate students, on average, pay $7,650 per year. During the most recent year for which we have data, 888 people received their master's degree in business administration from American Military University. About 33% of this group were women, and 41% were students from an underrepresented racial-ethnic group. Data shows that American Military University graduates that hold this degree go on to make a median salary of $72,310.

#17

University of Michigan - Ann Arbor

Ann Arbor, Michigan
841 Yearly Graduations
$72,310 Average Salary
38% Women

University of Michigan - Ann Arbor comes in at #17 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 47,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $17,977 per year, while in-state graduate students, on average, pay $27,192 per year. During the most recent year for which we have data, 841 people received their master's degree in business administration from U-M. About 38% of this group were women, and 25% were students from an underrepresented racial-ethnic group. Data shows that U-M graduates that hold this degree go on to make a median salary of $72,310.

#18

Duke University

Durham, North Carolina
764 Yearly Graduations
$72,310 Average Salary
35% Women

Duke University is the 18th most popular school in the nation for students seeking a master's degree in business administration. Roughly 16,100 attend the school each year. The average in-state tuition for full-time undergraduates is $63,450 per year, while in-state graduate students, on average, pay $62,620 per year. During the most recent year for which we have data, 764 people received their master's degree in business administration from Duke. Around 34% of these students were from an underrepresented racial-ethnic group, and 35% were women. Data shows that Duke graduates that hold this degree go on to make a median salary of $72,310.

#19

University of Florida

Gainesville, Florida
759 Yearly Graduations
$72,310 Average Salary
47% Women

University of Florida is the 19th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 53,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $4,477 per year, while in-state graduate students, on average, pay $10,770 per year. During the most recent year for which we have data, 759 people received their master's degree in business administration from UF. Of these students, 47% were women and 34% were members of underrepresented racial-ethnic groups. University of Florida business administration graduates who receive their master's degree go on to jobs earning a median salary of $72,310.

Below are some popular majors that are similar to business administration that offer master’s degrees.

Major Annual Degrees Awarded
Management Sciences & Methods 41,157
Accounting 15,888
Business & Commerce 9,096
Human Resource Management 8,301
Marketing 3,067

References

*The racial-ethnic minority student count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the percentage of racial-ethnic minorities.

More about our data sources and methodologies.

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