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2021 Best Value Business Administration & Management Master's Degree Schools

Identifying Quality Schools at More Affordable Prices

971 Colleges
$6,339 Avg Tuition & Fees*
$65,897 Avg Salary

Finding the Best Business Administration & Management Master's Degree School for You

In 2018-2019, 135,757 degrees and certificates were awarded to business administration and management students, making the major the most popular in the country.

With all the programs available today, it can be tough to choose which one is the best for you. With more and more schools offering online options, you could even register for a great program on the other side of the country. On top of that, there are a considerable number of trade schools that offer fast-track entry to many fields.

To assist you in seeing some of the education options that are available to you, Grad Degree Search has created its Best Value Business Administration & Management Master's Degree Schools ranking. This report analyzed 971 schools in the United States to see which ones offered the best value master's degree programs for business administration students. The goal was to highlight schools with more affordable prices than others offering similar quality experiences.

Our ranking of value is based on the quality of a program as defined in our per sticker price dollar. More specifically, we discount our quality score by the published tuition and fees charged by a school. This gives the cost per unit of quality for each college. The value is determined by how much quality your dollar buys.

In our regional and nationwide rankings, out-of-state tution and fees are used in our calculations. Average in-state tuition and fees are used for our statewide rankings.

2021 Best Value Business Administration & Management Master’s Degree Schools in the United States

The following schools top our list of the Best Value Business Administration & Management Master's Degree Colleges.

Top 25 Best Schools for Affordable Quality for a Master's in Business Administration

#1

Nichols College

Dudley, MA

Our analysis found Nichols College to be the best value school for business administration and management students who want to pursue a master’s degree in the United States. Nichols is a small private not-for-profit school located in the large suburb of Dudley.

Out-of-state tuition fees for graduate students at Nichols are $1,538 per year. The average amount in student loans that business administration majors at Nichols take out while working on their Master's Degree is $29,482. The average monthly payment of a loan this size is about $332, assuming that the borrower is on a 10-year repayment plan.

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#2

Otterbein University

Westerville, OH

Out of the 971 schools in the United States that were part of this year’s ranking, Otterbein University landed the # 2 spot on the list. Located in the large suburb of Westerville, Otterbein is a private not-for-profit school with a small student population.

The average tuition and fees for an out-of-state graduate students at Otterbein are $945 a year.

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A rank of #3 on this year’s list means University of Management and Technology is a great value for business administration and management students working on their master’s degree. Located in the medium-sized city of Arlington, University of Management and Technology is a private for-profit school with a small student population.

The average tuition and fees for an out-of-state graduate students at University of Management and Technology are $7,110 a year.

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#4

Fitchburg State University

Fitchburg, MA

Out of the 971 schools in the United States that were part of this year’s ranking, Fitchburg State University landed the # 4 spot on the list. Fitchburg State is a medium-sized public school located in the suburb of Fitchburg.

Out-of-state tuition fees for graduate students at Fitchburg State are $5,742 per year. On average, business administration graduates from Fitchburg State take out $12,381 in student loans while working on their Master's Degree.

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#5

Columbia Southern University

Orange Beach, AL

A rank of #5 on this year’s list means Columbia Southern University is a great value for business administration and management students working on their master’s degree. Located in the town of Orange Beach, Columbia Southern University is a private for-profit college with a fairly large student population.

Out-of-state tuition fees for graduate students at Columbia Southern University are $3,915 per year. The average amount in student loans that business administration majors at Columbia Southern University take out while working on their Master's Degree is $31,148. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $409.

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With a ranking of #6, Brigham Young University - Provo did quite well on this year’s best value schools for business administration and management students working on their master’s degree. Located in the midsize city of Provo, BYU is a private not-for-profit college with a fairly large student population.

BYU graduate students pay an average of $7,290 in tuition and fees each year. Business Administration majors at BYU take out an average of $35,020 in student loans while working on their Master's Degree. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $478.

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The University of Texas of the Permian Basin landed the #7 spot in the 2021 rankings for the best value master’s degree business administration and management programs. Located in the midsize city of Odessa, UT Permian Basin is a public school with a moderately-sized student population.

The average tuition and fees for an out-of-state graduate students at UT Permian Basin are $6,664 a year. After completing their Master's Degree, business administration graduates from UT Permian Basin carry an average student debtload of $15,340.

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#8

Ashland University

Ashland, OH

Ashland University ranked #8 on this year’s Best Value Business Administration & Management Master’s Degree Schools list. Located in the fringe town of Ashland, Ashland is a private not-for-profit college with a medium-sized student population.

Out-of-state tuition fees for graduate students at Ashland are $6,540 per year. The average amount in student loans that business administration majors at Ashland take out while working on their Master's Degree is $28,411. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $285.

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#9

Gordon College

Wenham, MA

Gordon College landed the #9 spot in the 2021 rankings for the best value master’s degree business administration and management programs. Gordon College is a small private not-for-profit school located in the suburb of Wenham.

Out-of-state tuition fees for graduate students at Gordon College are $5,950 per year.

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Arizona State University - Skysong came in at #10 in this year’s edition of the Best Value Business Administration & Management Master’s Degree Schools ranking. Located in the city of Scottsdale, ASU - Skysong is a public college with a very large student population.

Out-of-state tuition fees for graduate students at ASU - Skysong are $6,592 per year. While working on their Master's Degree, business administration majors at ASU - Skysong accumulate an average of around $53,500 in student debt. This translates to an average monthly loan payment of $592, based on a 10-year repayment plan.

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With a ranking of #11, Trident University International did quite well on this year’s best value schools for business administration and management students working on their master’s degree. TUI is a medium-sized private for-profit school located in the suburb of Cypress.

TUI graduate students pay an average of $6,120 in tuition and fees each year. The average amount in student loans that business administration majors at TUI take out while working on their Master's Degree is $26,589. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $280.

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#12

Park University

Parkville, MO

Park University came in at #12 in this year’s edition of the Best Value Business Administration & Management Master’s Degree Schools ranking. Park University is a large private not-for-profit school located in the suburb of Parkville.

Park University graduate students pay an average of $6,012 in tuition and fees each year. On average, business administration graduates from Park University take out $33,416 in student loans while working on their Master's Degree. This translates to an average monthly loan payment of $378, based on a 10-year repayment plan.

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#13

Doane University

Crete, NE

Doane University did quite well in this year’s ranking of the best places for business administration and management students to get a master’s degree. It came in at #13 on the list. Located in the town of Crete, Doane Crete is a private not-for-profit college with a small student population.

Doane Crete graduate students pay an average of $7,502 in tuition and fees each year. Business Administration majors at Doane Crete take out an average of $31,791 in student loans while working on their Master's Degree. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $382.

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#14

Grand View University

Des Moines, IA

Grand View University did quite well in this year’s ranking of the best places for business administration and management students to get a master’s degree. It came in at #14 on the list. Located in the midsize city of Des Moines, Grand View University is a private not-for-profit college with a small student population.

Grand View University graduate students pay an average of $6,631 in tuition and fees each year. While working on their Master's Degree, business administration majors at Grand View University accumulate an average of around $34,390 in student debt.

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With a ranking of #15, Embry-Riddle Aeronautical University - Worldwide did quite well on this year’s best value schools for business administration and management students working on their master’s degree. Located in the city of Daytona Beach, Embry-Riddle Worldwide is a private not-for-profit college with a large student population.

Out-of-state tuition fees for graduate students at Embry-Riddle Worldwide are $8,268 per year. While working on their Master's Degree, business administration majors at Embry-Riddle Worldwide accumulate an average of around $38,375 in student debt. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $418.

As a testament to the quality of education it offers, Embry-Riddle Worldwide also is in the top 10% of our Best Business Administration & Management Master’s Degree Schools ranking.

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#16

Ferris State University

Big Rapids, MI

Ferris State University ranked #16 on this year’s Best Value Business Administration & Management Master’s Degree Schools list. Ferris is a large public school located in the town of Big Rapids.

Ferris graduate students pay an average of $7,608 in tuition and fees each year. After completing their Master's Degree, business administration graduates from Ferris carry an average student debtload of $53,916. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $539.

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#17

Worcester State University

Worcester, MA

Worcester State University ranked #17 on this year’s Best Value Business Administration & Management Master’s Degree Schools list. Worcester State is a medium-sized public school located in the medium-sized city of Worcester.

Worcester State graduate students pay an average of $5,796 in tuition and fees each year.

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#18

Grantham University

Lenexa, KS

Grantham University landed the #18 spot in the 2021 rankings for the best value master’s degree business administration and management programs. Located in the city of Lenexa, Grantham University is a private for-profit college with a moderately-sized student population.

Grantham University graduate students pay an average of $4,800 in tuition and fees each year. After completing their Master's Degree, business administration graduates from Grantham University carry an average student debtload of $31,935. For students who choose a 10-year repayment plan, the average monthly student loan payment is $406.

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Minnesota State University - Mankato did quite well in this year’s ranking of the best places for business administration and management students to get a master’s degree. It came in at #19 on the list. Located in the city of Mankato, Minnesota State Mankato is a public school with a fairly large student population.

The average tuition and fees for an out-of-state graduate students at Minnesota State Mankato are $8,474 a year.

Minnesota State Mankato also claimed a spot on our Best Business Administration & Management Master’s Degree Schools list. It’s in the top 20% of all schools in this category.

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#20

Cabrini University

Radnor, PA

With a ranking of #20, Cabrini University did quite well on this year’s best value schools for business administration and management students working on their master’s degree. Located in the large suburb of Radnor, Cabrini University is a private not-for-profit school with a small student population.

The average tuition and fees for an out-of-state graduate students at Cabrini University are $6,305 a year. The average amount in student loans that business administration majors at Cabrini University take out while working on their Master's Degree is $23,332.

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#21

University of the Cumberlands

Williamsburg, KY

University of the Cumberlands landed the #21 spot in the 2021 rankings for the best value master’s degree business administration and management programs. Located in the town of Williamsburg, Cumberlands is a private not-for-profit college with a fairly large student population.

Out-of-state tuition fees for graduate students at Cumberlands are $5,970 per year. After completing their Master's Degree, business administration graduates from Cumberlands carry an average student debtload of $17,220. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $144.

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#22

Providence College

Providence, RI

Providence College came in at #22 in this year’s edition of the Best Value Business Administration & Management Master’s Degree Schools ranking. Providence is a small private not-for-profit school located in the medium-sized city of Providence.

The average tuition and fees for an out-of-state graduate students at Providence are $9,660 a year. Business Administration majors at Providence take out an average of $22,335 in student loans while working on their Master's Degree. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $239.

Providence excels when it comes to quality. It’s ranked in the top 15% of all schools on our Best Business Administration & Management Master’s Degree Schools list.

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#23

Spring Arbor University

Spring Arbor, MI

Spring Arbor University landed the #23 spot in the 2021 rankings for the best value master’s degree business administration and management programs. Located in the suburb of Spring Arbor, Spring Arbor is a private not-for-profit school with a small student population.

Out-of-state tuition fees for graduate students at Spring Arbor are $8,176 per year.

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#24

Midway University

Midway, KY

With a ranking of #24, Midway University did quite well on this year’s best value schools for business administration and management students working on their master’s degree. Midway is a small private not-for-profit school located in the rural area of Midway.

Midway graduate students pay an average of $6,390 in tuition and fees each year. After completing their Master's Degree, business administration graduates from Midway carry an average student debtload of $25,113. For students who choose a 10-year repayment plan, the average monthly student loan payment is $277.

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#25

Western Governors University

Salt Lake City, UT

With a ranking of #25, Western Governors University did quite well on this year’s best value schools for business administration and management students working on their master’s degree. WGU is a fairly large private not-for-profit school located in the large suburb of Salt Lake City.

Out-of-state tuition fees for graduate students at WGU are $7,790 per year. After completing their Master's Degree, business administration graduates from WGU carry an average student debtload of $16,160. For students who choose a 10-year repayment plan, the average monthly student loan payment is $160.

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Rest of the Top 50 Best Value Business Administration & Management Master's Degree Schools

#28

Cumberland University

Lebanon, TN
#30

Holy Family University

Philadelphia, PA
#35

Endicott College

Beverly, MA
#36

Avila University

Kansas City, MO
#39

Mount Vernon Nazarene University

Mount Vernon, OH
#40

Marian University

Fond Du Lac, WI
#41

Bethel College - Mishawaka

Mishawaka, IN
#42

Viterbo University

La Crosse, WI
#43

Wilmington University

New Castle, DE
#44

Kettering University

Flint, MI
#44

University of Scranton

Scranton, PA
#46

Buena Vista University

Storm Lake, IA
#47

Tusculum College

Greeneville, TN
#48

Warner University

Lake Wales, FL
#50

Bemidji State University

Bemidji, MN

Remaining Award Winners

This list represents the rest of the schools awarded a Best Value Business Administration & Management Master's Degree Schools badge. Showing in this list means the school was ranked in the top 15% of the 971 different United States business administration and management schools we analyzed.

Rank College Location
51 Northwest Missouri State University Maryville, MO
53 Drake University Des Moines, IA
54 West Texas A&M University Canyon, TX
55 Saint Norbert College De Pere, WI
56 Loras College Dubuque, IA
57 Delaware Valley University Doylestown, PA
58 Winona State University Winona, MN
58 Minot State University Minot, ND
60 Oakland City University Oakland City, IN
60 Massachusetts College of Liberal Arts North Adams, MA
62 Wayne State College Wayne, NE
63 Hamline University Saint Paul, MN
64 Baker University Baldwin City, KS
65 Chadron State College Chadron, NE
66 Illinois State University Normal, IL
67 Cleary University Howell, MI
67 Xavier University Cincinnati, OH
69 MSU Texas Wichita Falls, TX
70 Drury University Springfield, MO
70 Saint Joseph’s College of Maine Standish, ME
72 Bridgewater State University Bridgewater, MA
73 Hood College Frederick, MD
73 Bethel University Minnesota Saint Paul, MN
73 Charleston Southern University Charleston, SC
76 Salve Regina University Newport, RI
77 Wingate University Wingate, NC
78 Saint Leo University Saint Leo, FL
79 Trine University-Regional/Non-Traditional Campuses Fort Wayne, IN
80 North Dakota State University - Main Campus Fargo, ND
81 West Liberty University West Liberty, WV
82 Mount Mercy University Cedar Rapids, IA
83 Southern Illinois University Edwardsville Edwardsville, IL
84 University of Saint Francis - Fort Wayne Fort Wayne, IN
85 Messiah University Mechanicsburg, PA
85 Union University Jackson, TN
87 Villanova University Villanova, PA
88 McKendree University Lebanon, IL
88 Virginia Wesleyan University Virginia Beach, VA
90 Whitworth University Spokane, WA
91 Concordia University, Wisconsin Mequon, WI
92 Inter American University of Puerto Rico - Ponce Mercedita, PR
92 Walsh College of Accountancy and Business Administration Troy, MI
94 Thomas More College Crestview Hills, KY
95 Salem State University Salem, MA
95 Universidad Metropolitana San Juan, PR
95 Cardinal Stritch University Milwaukee, WI
95 Trevecca Nazarene University Nashville, TN
99 Assumption University Worcester, MA
99 Taylor University Upland, IN
101 Carroll University Waukesha, WI
101 University of Saint Mary Leavenworth, KS
103 Baldwin Wallace University Berea, OH
104 Capital University Columbus, OH
105 Bellevue University Bellevue, NE
105 York College of Pennsylvania York, PA
107 Santa Barbara Business College - Ventura Ventura, CA
108 University of Jamestown Jamestown, ND
109 Averett University - Graduate & Professional Studies Danville, VA
109 Carson - Newman University Jefferson City, TN
111 Indiana Wesleyan University - National & Global Marion, IN
111 Universidad del Turabo Gurabo, PR
111 Briar Cliff University Sioux City, IA
114 The University of Texas at Austin Austin, TX
114 Southeast Missouri State University Cape Girardeau, MO
116 Rivier University Nashua, NH
117 Concordia University, Irvine Irvine, CA
117 Brandman University Irvine, CA
119 Saint Cloud State University Saint Cloud, MN
119 University of Hartford West Hartford, CT
121 Missouri Southern State University Joplin, MO
122 William Jessup University Rocklin, CA
122 University of the Potomac - VA Campus Vienna, VA
122 Fairfield University Fairfield, CT
122 Cornell University Ithaca, NY
126 Marist College Poughkeepsie, NY
127 Bluffton University Bluffton, OH
127 Purdue University Northwest Hammond, IN
129 Dakota State University Madison, SD
129 Berry College Mount Berry, GA
131 Point Loma Nazarene University San Diego, CA
131 Saint Vincent College Latrobe, PA
133 The Master’s College and Seminary Santa Clarita, CA
134 Loyola University Maryland Baltimore, MD
135 California Polytechnic State University - San Luis Obispo San Luis Obispo, CA
136 Wheeling Jesuit University Wheeling, WV
137 Black Hills State University Spearfish, SD
137 Heidelberg University Tiffin, OH
139 Augsburg University Minneapolis, MN
139 University of South Dakota Vermillion, SD
139 Michigan Technological University Houghton, MI
142 Anderson University South Carolina Anderson, SC
142 John Brown University Siloam Springs, AR
142 Emmanuel College Massachusetts Boston, MA
142 Alverno College Milwaukee, WI

Additional Noteworthy Schools

Here are some additional great value schools for Business Administration & Management graduate students seeking value that almost earned our Best Value Business Administration & Management Master's Degree Schools award.

Rank College Location
146 Frostburg State University Frostburg, MD
147 Malone University Canton, OH
148 Western Illinois University Macomb, IL
149 Mount Saint Mary’s University Los Angeles, CA
149 University of Nebraska at Kearney Kearney, NE
151 Anderson University Indiana Anderson, IN
151 Stephens College Columbia, MO
151 Newman University Wichita, KS
154 Immaculata University Immaculata, PA
154 Southwestern College Winfield, KS
156 Walsh University North Canton, OH
156 Bluefield College Bluefield, VA
158 Roger Williams University Bristol, RI
159 City University of Seattle Seattle, WA
159 Webster University Saint Louis, MO
161 Mount St Mary’s University Emmitsburg, MD
161 Missouri State University - Springfield Springfield, MO
161 Ohio Dominican University Columbus, OH
164 Aurora University Aurora, IL
164 Gonzaga University Spokane, WA
164 University of Dubuque Dubuque, IA
164 Concordia University, Texas Lakeway, TX
168 Mississippi College Clinton, MS
169 Clarke University Dubuque, IA
169 Marywood University Scranton, PA
171 Lehigh University Bethlehem, PA
172 Bellarmine University Louisville, KY
172 Westminster College Utah Salt Lake City, UT
172 Oklahoma City University Oklahoma City, OK
175 Champlain College Burlington, VT
175 Lasell College Newton, MA
177 Meredith College Raleigh, NC
177 Mount St. Joseph University Cincinnati, OH
177 St. Bonaventure University Saint Bonaventure, NY
180 University of Maryland Global Campus Adelphi, MD
180 Concordia University, Chicago River Forest, IL
182 Texas A&M University - College Station College Station, TX
182 Gardner - Webb University Boiling Springs, NC
182 Citadel Military College of South Carolina Charleston, SC
182 Creighton University Omaha, NE
186 University of Central Arkansas Conway, AR
187 Butler University Indianapolis, IN
187 Mississippi University for Women Columbus, MS
189 Kaplan University-Indianapolis Indianapolis, IN
189 The University of Tampa Tampa, FL
191 West Chester University of Pennsylvania West Chester, PA
192 Queens University of Charlotte Charlotte, NC
193 Corban University Salem, OR
193 Marquette University Milwaukee, WI
193 Northwest Nazarene University Nampa, ID
193 Palm Beach Atlantic University West Palm Beach, FL

Business Administration & Management by Region

View the Best Value Business Administration & Management Master's Degree Schools for a specific region near you.

Region
Southeast
New England
Rocky Mountains
Plains States
Middle Atlantic
Far Western US
Southwest
Great Lakes

Business Administration & Management is one of 21 different types of programs to choose from.

Related Major Annual Graduates
Accounting 21,904
Management Sciences & Quantitative Methods 14,136
Human Resource Management 10,770
General Business/Commerce 10,236
Finance & Financial Management 6,277

Notes and References

*These averages are for the top 26 schools only.

  • The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of the rest of our data about colleges.
  • Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).

More about our data sources and methodologies.

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