Master’s Degrees in Business Administration & Management
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Education Levels of Business Administration Majors
During the most recent year for which data is available, 122,917 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 | 122,917 |
| Graduate Certificate | 6,593 |
| Doctor’s Degree | 3,511 |
Earnings of Business Administration Majors With Master’s Degrees
The median salary for graduates holding a master's degree in business administration is $64,479. 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 $55,989 and the high is $77,534.
Student Debt
The median student debt for graduates holding a master's degree in business administration is $34,778. The length of time it takes you to graduate and what college you attend can affect this number quite a bit. The chart below shows the range of accumulated debt loads. On the high side of the range, $42,168 is the debt load, and the debt load on the low side is $28,019.
Student Diversity
More men than women pursue master's degrees in business administration. About 50.2% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 61,714 |
| Women | 61,203 |
The racial-ethnic distribution of business administration master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 7,973 |
| Black or African American | 16,528 |
| Hispanic or Latino | 13,542 |
| White | 61,204 |
| International Students | 9,620 |
| Other Races/Ethnicities | 14,050 |
Most Popular Business Administration Programs for Master’s Degrees
There are 1,184 colleges that offer a master’s degree in business administration. Learn more about the most popular 20 below:
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 $7,404 per year, while in-state graduate students, on average, pay $7,765 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. About 58% of this group were women, and 27% were students from an underrepresented racial-ethnic group.
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 $15,000 per year, while in-state graduate students, on average, pay $18,900 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.
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. About 52% of this group were women, and 31% were students from an underrepresented racial-ethnic group.
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 $16,239 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. About 64% of this group were women, and 44% were students from an underrepresented racial-ethnic group.
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 $7,488 per year, while in-state graduate students, on average, pay $9,252 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. Of these students, 57% were women and 55% were members of underrepresented racial-ethnic groups.
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 $16,407 per year, while in-state graduate students, on average, pay $10,655 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. Of these students, 60% were women and 50% were members of underrepresented racial-ethnic groups.
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 $15,467 per year, while in-state graduate students, on average, pay $7,893 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. About 45% of this group were women, and 26% were students from an underrepresented racial-ethnic group.
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 52% of these students were from an underrepresented racial-ethnic group, and 57% were 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 $5,880 per year, while in-state graduate students, on average, pay $4,020 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. Around 40% of these students were from an underrepresented racial-ethnic group, and 54% were 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 $29,640 per year, while in-state graduate students, on average, pay $12,600 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. About 49% of this group were women, and 51% were students from an underrepresented racial-ethnic group.
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 $14,542 per year, while in-state graduate students, on average, pay $14,891 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 31% of these students were from an underrepresented racial-ethnic group, and 33% were women.
Strayer University - Global Region is the 12th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 10,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $13,320 per year, while in-state graduate students, on average, pay $14,940 per year. During the most recent year for which we have data, 1,065 people received their master's degree in business administration from Strayer University - Global Region. Around 58% of these students were from an underrepresented racial-ethnic group, and 54% were 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. Of these students, 62% were women and 44% were members of underrepresented racial-ethnic groups.
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 $52,659 per year, while in-state graduate students, on average, pay $52,456 per year. During the most recent year for which we have data, 897 people received their master's degree in business administration from Harvard. Of these students, 46% were women and 35% were members of underrepresented racial-ethnic groups.
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 $6,840 per year, while in-state graduate students, on average, pay $6,660 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 37% of this group were women, and 40% were students from an underrepresented racial-ethnic group.
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 $17,454 per year, while in-state graduate students, on average, pay $25,894 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. Of these students, 41% were women and 26% were members of underrepresented racial-ethnic groups.
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 $60,435 per year, while in-state graduate students, on average, pay $60,220 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 29% of these students were from an underrepresented racial-ethnic group, and 34% were 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 37% were members of underrepresented racial-ethnic groups.
The 20th most popular school in the country for business administration majors who are seeking their master's degree is Capella University. Each year, around 38,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,328 per year, while in-state graduate students, on average, pay $14,826 per year. During the most recent year for which we have data, 746 people received their master's degree in business administration from Capella University. Around 38% of these students were from an underrepresented racial-ethnic group, and 66% were women.
Business Administration Concentrations
| Major | Annual Degrees Awarded |
|---|---|
| 106,562 | |
| 6,873 | |
| 3,866 | |
| 1,604 | |
| 1,491 |
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Related Majors
Below are some popular majors that are similar to business administration that offer master’s degrees.
| Major | Annual Degrees Awarded |
|---|---|
| 33,777 | |
| 17,155 | |
| 9,320 | |
| 9,125 | |
| 4,732 |
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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