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Master's Degree in Business Administration & Management

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Master’s Degree in Business Administration & Management

128,188 Yearly Graduations
$61,300 Median Salary
$35,361 Median Debt
A master's degree in business administration is offered at 1,168 colleges in the United States. In recent years, the majority of the students getting degrees in this area were male, and 32 were from an underrepresented racial-ethnic group. Also, 11.9% of business administration graduates were international students.

Education Levels of Business Administration Majors

In 2018-2019, 128,188 master's degree were awarded to business administration majors. 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 128,188
Graduate Certificate 4,965
Doctor’s Degree 2,604

Earnings of Business Administration Majors With Master’s Degree

The median salary for graduates holding a master's degree in business administration is $61,300. A lot of factors can contribute to this number, such as the location of your workplace and the availability of other perks and bonuses.

To get a better picture, earnings for this category of people can range from a low of $53,500 to a high of $73,900.

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Student Debt

The median student debt for graduates holding a master's degree in business administration is $35,361. 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, $43,020 is the debt load, and the debt load on the low side is $30,070.

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The median monthly payment of a business administration graduate with a 10-year repayment plan is $412.

Student Diversity

More men than women pursue master's degree in business administration. About 52.9% of graduates in this field are male.

Gender Number of Grads
Men 67,756
Women 60,432
Gender Diversity of Master's Degree in Business Administration

The racial-ethnic distribution of business administration master’s degree students is as follows:

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
Racial-Ethnic Diversity of Business Administration Master's Degree Students

There are 1,168 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
4,278 Yearly Graduations
58% Women
25% Racial-Ethnic Minorities*

The most popular school in the United States for business administration students seekinga master's degree is Western Governors University. Each year, around 98,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $6,380 per year, while in-state graduate students, on average, pay $7,500 per year.

The business administration program at Western Governors University awarded 4,278 master's degree during the 2018-2019 school year. About 58% of this group were women, and 25% were students from an underrepresented racial-ethnic group.

2,259 Yearly Graduations
58% Women
57% Racial-Ethnic Minorities*

University of Maryland - University College is the 2nd most popular school in the nation for students seeking a master's degree in business administration. Roughly 59,300 attend the school each year. The average in-state tuition for full-time undergraduates is $7,200 per year, while in-state graduate students, on average, pay $8,640 per year.

For the 2018-2019 academic year, 2,259 master's degree were handed out to business administration majors at University of Maryland - University College. Around 57% of these students were from an underrepresented racial-ethnic group, and 58% were women.

#3

Southern New Hampshire University

Manchester, New Hampshire
2,256 Yearly Graduations
55% Women
25% Racial-Ethnic Minorities*

Southern New Hampshire University is the 3rd most popular school in the nation for students seeking a master's degree in business administration. Each year, around 90,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $30,756 per year, while in-state graduate students, on average, pay $18,810 per year.

The business administration program at Southern New Hampshire University awarded 2,256 master's degree during the 2018-2019 school year. About 55% of this group were women, and 25% were students from an underrepresented racial-ethnic group.

1,750 Yearly Graduations
59% Women
47% Racial-Ethnic Minorities*

University of Phoenix - Arizona is the 4th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 103,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $9,552 per year, while in-state graduate students, on average, pay $16,752 per year.

The business administration program at University of Phoenix - Arizona awarded 1,750 master's degree during the 2018-2019 school year. Of these students, 59% were women and 47% were members of underrepresented racial-ethnic groups.

#5

Grand Canyon University

Phoenix, Arizona
1,713 Yearly Graduations
54% Women
45% Racial-Ethnic Minorities*

Grand Canyon University comes in at #5 on our list of the most popular colleges offering master's degree in business administration. Roughly 83,200 attend the school each year. The average in-state tuition for full-time undergraduates is $16,419 per year, while in-state graduate students, on average, pay $10,175 per year.

The business administration program at Grand Canyon University awarded 1,713 master's degree during the 2018-2019 school year. About 54% of this group were women, and 45% were students from an underrepresented racial-ethnic group.

#6

Webster University

Saint Louis, Missouri
1,452 Yearly Graduations
46% Women
54% Racial-Ethnic Minorities*

Webster University comes in at #6 on our list of the most popular colleges offering master's degree in business administration. Each year, around 12,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $28,500 per year, while in-state graduate students, on average, pay $13,500 per year.

During the 2018-2019 academic year, 1,452 people received their master's degree in business administration from Webster. Of these students, 46% were women and 54% were members of underrepresented racial-ethnic groups.

#7

Liberty University

Lynchburg, Virginia
1,446 Yearly Graduations
49% Women
28% Racial-Ethnic Minorities*

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 75,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $15,417 per year, while in-state graduate students, on average, pay $7,980 per year.

For the 2018-2019 academic year, 1,446 master's degree were handed out to business administration majors at Liberty University. About 49% of this group were women, and 28% were students from an underrepresented racial-ethnic group.

#8

University of Chicago

Chicago, Illinois
1,225 Yearly Graduations
32% Women
25% Racial-Ethnic Minorities*

University of Chicago is the 8th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 16,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $57,642 per year, while in-state graduate students, on average, pay $60,300 per year.

The business administration program at University of Chicago awarded 1,225 master's degree during the 2018-2019 school year. Of these students, 32% were women and 25% were members of underrepresented racial-ethnic groups.

1,221 Yearly Graduations
41% Women
23% Racial-Ethnic Minorities*

The 9th most popular school in the country for business administration majors who are seeking their master's degree is Columbia University in the City of New York. Each year, around 30,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $57,763 per year, while in-state graduate students, on average, pay $47,600 per year.

The business administration program at Columbia University in the City of New York awarded 1,221 master's degree during the 2018-2019 school year. About 41% of this group were women, and 23% were students from an underrepresented racial-ethnic group.

#10

Columbia Southern University

Orange Beach, Alabama
1,211 Yearly Graduations
51% Women
55% Racial-Ethnic Minorities*

The 10th most popular school in the country for business administration majors who are seeking their master's degree is Columbia Southern University. Roughly 20,800 attend the school each year. The average in-state tuition for full-time undergraduates is $5,520 per year, while in-state graduate students, on average, pay $3,780 per year.

The business administration program at Columbia Southern University awarded 1,211 master's degree during the 2018-2019 school year. About 51% of this group were women, and 55% were students from an underrepresented racial-ethnic group.

#11

Ashford University

San Diego, California
1,207 Yearly Graduations
58% Women
57% Racial-Ethnic Minorities*

Ashford University is the 11th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 36,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,640 per year, while in-state graduate students, on average, pay $12,060 per year.

For the 2018-2019 academic year, 1,207 master's degree were handed out to business administration majors at Ashford University. Around 57% of these students were from an underrepresented racial-ethnic group, and 58% were women.

#12

Harvard University

Cambridge, Massachusetts
1,165 Yearly Graduations
44% Women
29% Racial-Ethnic Minorities*

Harvard University is the 12th 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 $47,730 per year, while in-state graduate students, on average, pay $48,008 per year.

The business administration program at Harvard University awarded 1,165 master's degree during the 2018-2019 school year. Around 29% of these students were from an underrepresented racial-ethnic group, and 44% were women.

#13

Louisiana State University - Shreveport

Shreveport, Louisiana
1,126 Yearly Graduations
46% Women
31% Racial-Ethnic Minorities*

The 13th most popular school in the country for business administration majors who are seeking their master's degree is Louisiana State University - Shreveport. Roughly 5,900 attend the school each year. 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 2018-2019 academic year, 1,126 people received their master's degree in business administration from Louisiana State University - Shreveport. About 46% of this group were women, and 31% were students from an underrepresented racial-ethnic group.

#14

New York University

New York, New York
1,042 Yearly Graduations
38% Women
25% Racial-Ethnic Minorities*

New York University is the 14th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 51,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $50,684 per year, while in-state graduate students, on average, pay $33,408 per year.

The business administration program at New York University awarded 1,042 master's degree during the 2018-2019 school year. About 38% of this group were women, and 25% were students from an underrepresented racial-ethnic group.

#15

DeVry University - Illinois

Chicago, Illinois
1,031 Yearly Graduations
60% Women
46% Racial-Ethnic Minorities*

DeVry University - Illinois comes in at #15 on our list of the most popular colleges offering master's degree in business administration. Roughly 16,900 attend the school each year. The average in-state tuition for full-time undergraduates is $14,663 per year, while in-state graduate students, on average, pay $17,072 per year.

The business administration program at DeVry University - Illinois awarded 1,031 master's degree during the 2018-2019 school year. Around 46% of these students were from an underrepresented racial-ethnic group, and 60% were women.

#16

Duke University

Durham, North Carolina
960 Yearly Graduations
36% Women
21% Racial-Ethnic Minorities*

Duke University is the 16th 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 $55,880 per year, while in-state graduate students, on average, pay $55,680 per year.

For the 2018-2019 academic year, 960 master's degree were handed out to business administration majors at Duke. Around 21% of these students were from an underrepresented racial-ethnic group, and 36% were women.

#17

University of North Carolina at Chapel Hill

Chapel Hill, North Carolina
913 Yearly Graduations
29% Women
22% Racial-Ethnic Minorities*

The 17th most popular school in the country for business administration majors who are seeking their master's degree is University of North Carolina at Chapel Hill. Roughly 29,900 attend the school each year. The average in-state tuition for full-time undergraduates is $7,019 per year, while in-state graduate students, on average, pay $10,552 per year.

The business administration program at University of North Carolina at Chapel Hill awarded 913 master's degree during the 2018-2019 school year. Of these students, 29% were women and 22% were members of underrepresented racial-ethnic groups.

855 Yearly Graduations
60% Women
41% Racial-Ethnic Minorities*

Colorado Technical University - Colorado Springs is the 18th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 25,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,896 per year, while in-state graduate students, on average, pay $13,710 per year.

The business administration program at Colorado Technical University - Colorado Springs awarded 855 master's degree during the 2018-2019 school year. Around 41% of these students were from an underrepresented racial-ethnic group, and 60% were women.

#19

University of California - Los Angeles

Los Angeles, California
829 Yearly Graduations
33% Women
37% Racial-Ethnic Minorities*

University of California - Los Angeles comes in at #19 on our list of the most popular colleges offering master's degree in business administration. Each year, around 44,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year.

The business administration program at University of California - Los Angeles awarded 829 master's degree during the 2018-2019 school year. Of these students, 33% were women and 37% were members of underrepresented racial-ethnic groups.

#20

Strayer University - Global Region

Washington, District of Columbia
828 Yearly Graduations
54% Women
52% Racial-Ethnic Minorities*

The 20th most popular school in the country for business administration majors who are seeking their master's degree is Strayer University - Global Region. Roughly 8,800 attend the school each year. 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.

For the 2018-2019 academic year, 828 master's degree were handed out to business administration majors at Strayer University - Global Region. Around 52% of these students were from an underrepresented racial-ethnic group, and 54% were women.

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

Major Annual Degrees Awarded
Accounting 20,770
Management Sciences & Methods 12,583
Business & Commerce 9,486
Human Resource Management 8,943
Finance & Financial Management 5,579

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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