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Master's Degree in General Business/Commerce

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Master’s Degrees in General Business/Commerce

8,782 Yearly Graduations
$68,950 Median Salary
$35,170 Median Debt
A master's degree in general business is offered at 123 colleges in the United States. Among those who recently graduated from the schools offering this degree, the majority were men, and 23% were students from an underrepresented racial-ethnic group. Also, 14.5% of general business graduates were international students.

Education Levels of General Business Majors

During the 2019-2020 academic year, 8,782 students earned their master's degree in general business. This makes it the 23rd most popular master's degree program in the country.

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

Education Level Number of Grads
Master’s Degree 8,782
Graduate Certificate 481
Doctor’s Degree 267

Earnings of General Business Majors With Master’s Degrees

The median salary for graduates holding a master's degree in general business is $68,950. 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 $57,350 to a high of $82,025.

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Student Debt

The median student debt for graduates holding a master's degree in general business is $35,170. The school you go to and how long it takes you to graduate, among other things, can cause this number to vary. The chart below shows the range of accumulated debt loads. On the high side of the range, $42,779 is the debt load, and the debt load on the low side is $29,500.

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Those students who are paying back their debt on a 10-year repayment plan have a median monthly payment of $410.

Student Diversity

More men than women pursue master's degrees in general business. About 58.0% of graduates in this field are male.

Gender Number of Grads
Men 5,096
Women 3,686
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The racial-ethnic distribution of general business master’s degree students is as follows:

Race/Ethnicity Number of Grads
Asian 557
Black or African American 695
Hispanic or Latino 515
White 4,972
International Students 1,274
Other Races/Ethnicities 769
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There are 123 colleges that offer a master’s degree in general business. Learn more about the most popular 20 below:

#1

Northwestern University

Evanston, Illinois
1,167 Yearly Graduations
36% Women
25% Racial-Ethnic Minorities*

The most popular school in the United States for general business students seekinga master's degree is Northwestern University. Each year, around 22,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $58,227 per year, while in-state graduate students, on average, pay $56,067 per year. During the 2019-2020 academic year, 1,167 people received their master's degree in general business from Northwestern. About 36% of this group were women, and 25% were students from an underrepresented racial-ethnic group.

#2

Indiana University - Bloomington

Bloomington, Indiana
1,100 Yearly Graduations
30% Women
20% Racial-Ethnic Minorities*

Indiana University - Bloomington comes in at #2 on our list of the most popular colleges offering master's degrees in general business. Roughly 43,000 attend the school each year. The average in-state tuition for full-time undergraduates is $9,815 per year, while in-state graduate students, on average, pay $9,786 per year. For the 2019-2020 academic year, 1,100 master's degrees were handed out to general business majors at IU Bloomington. Of these students, 30% were women and 20% were members of underrepresented racial-ethnic groups.

#3

Massachusetts Institute of Technology

Cambridge, Massachusetts
653 Yearly Graduations
38% Women
5% Racial-Ethnic Minorities*

Massachusetts Institute of Technology is the 3rd most popular school in the nation for students seeking a master's degree in general business. Each year, around 11,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $53,450 per year, while in-state graduate students, on average, pay $53,450 per year. During the 2019-2020 academic year, 653 people received their master's degree in general business from MIT. Of these students, 38% were women and 5% were members of underrepresented racial-ethnic groups.

#4

Johns Hopkins University

Baltimore, Maryland
306 Yearly Graduations
44% Women
32% Racial-Ethnic Minorities*

Johns Hopkins University comes in at #4 on our list of the most popular colleges offering master's degrees in general business. Roughly 28,800 attend the school each year. The average in-state tuition for full-time undergraduates is $54,160 per year, while in-state graduate students, on average, pay $57,010 per year. The general business program at Johns Hopkins University awarded 306 master's degrees during the 2019-2020 school year. Around 32% of these students were from an underrepresented racial-ethnic group, and 44% were women.

#5

University of Central Florida

Orlando, Florida
227 Yearly Graduations
47% Women
45% Racial-Ethnic Minorities*

University of Central Florida is the 5th most popular school in the nation for students seeking a master's degree in general business. Each year, around 71,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $4,478 per year, while in-state graduate students, on average, pay $6,916 per year. The general business program at University of Central Florida awarded 227 master's degrees during the 2019-2020 school year. Of these students, 47% were women and 45% were members of underrepresented racial-ethnic groups.

#6

Mercer University

Macon, Georgia
198 Yearly Graduations
48% Women
31% Racial-Ethnic Minorities*

Mercer University is the 6th most popular school in the nation for students seeking a master's degree in general business. Each year, around 9,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $28,695 per year, while in-state graduate students, on average, pay $14,964 per year. The general business program at Mercer University awarded 198 master's degrees during the 2019-2020 school year. About 48% of this group were women, and 31% were students from an underrepresented racial-ethnic group.

#7

Bethel University

McKenzie, Tennessee
175 Yearly Graduations
64% Women
50% Racial-Ethnic Minorities*

The 7th most popular school in the country for general business majors who are seeking their master's degree is Bethel University. Roughly 4,000 attend the school each year. The average in-state tuition for full-time undergraduates is $12,351 per year, while in-state graduate students, on average, pay $11,382 per year. During the 2019-2020 academic year, 175 people received their master's degree in general business from Bethel. Of these students, 64% were women and 50% were members of underrepresented racial-ethnic groups.

#9

University of Wisconsin - Whitewater

Whitewater, Wisconsin
167 Yearly Graduations
43% Women
11% Racial-Ethnic Minorities*

The 9th most popular school in the country for general business majors who are seeking their master's degree is University of Wisconsin - Whitewater. Each year, around 11,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $6,519 per year, while in-state graduate students, on average, pay $8,270 per year. During the 2019-2020 academic year, 167 people received their master's degree in general business from UW - Whitewater. About 43% of this group were women, and 11% were students from an underrepresented racial-ethnic group.

#10

Columbia College

Columbia, Missouri
163 Yearly Graduations
57% Women
29% Racial-Ethnic Minorities*

The 10th most popular school in the country for general business majors who are seeking their master's degree is Columbia College. Each year, around 8,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,762 per year, while in-state graduate students, on average, pay $8,584 per year. The general business program at Columbia College awarded 163 master's degrees during the 2019-2020 school year. About 57% of this group were women, and 29% were students from an underrepresented racial-ethnic group.

#11

University of Missouri - St Louis

Saint Louis, Missouri
162 Yearly Graduations
48% Women
14% Racial-Ethnic Minorities*

University of Missouri - St Louis is the 11th most popular school in the nation for students seeking a master's degree in general business. Each year, around 13,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,328 per year, while in-state graduate students, on average, pay $12,283 per year. The general business program at University of Missouri - St Louis awarded 162 master's degrees during the 2019-2020 school year. Of these students, 48% were women and 14% were members of underrepresented racial-ethnic groups.

#12

Maryville University of Saint Louis

Saint Louis, Missouri
161 Yearly Graduations
52% Women
24% Racial-Ethnic Minorities*

Maryville University of Saint Louis is the 12th most popular school in the nation for students seeking a master's degree in general business. Each year, around 10,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $24,766 per year, while in-state graduate students, on average, pay $14,346 per year. During the 2019-2020 academic year, 161 people received their master's degree in general business from Maryville U. Around 24% of these students were from an underrepresented racial-ethnic group, and 52% were women.

#13

Drexel University

Philadelphia, Pennsylvania
156 Yearly Graduations
47% Women
21% Racial-Ethnic Minorities*

The 13th most popular school in the country for general business majors who are seeking their master's degree is Drexel University. Each year, around 23,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $53,868 per year, while in-state graduate students, on average, pay $36,234 per year. During the 2019-2020 academic year, 156 people received their master's degree in general business from Drexel. Of these students, 47% were women and 21% were members of underrepresented racial-ethnic groups.

154 Yearly Graduations
24% Women
20% Racial-Ethnic Minorities*

Indiana University - Purdue University - Indianapolis is the 14th most popular school in the nation for students seeking a master's degree in general business. Roughly 29,300 attend the school each year. The average in-state tuition for full-time undergraduates is $8,795 per year, while in-state graduate students, on average, pay $9,090 per year. During the 2019-2020 academic year, 154 people received their master's degree in general business from IUPUI. Around 20% of these students were from an underrepresented racial-ethnic group, and 24% were women.

#15

Post University

Waterbury, Connecticut
151 Yearly Graduations
45% Women
48% Racial-Ethnic Minorities*

The 15th most popular school in the country for general business majors who are seeking their master's degree is Post University. Each year, around 13,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $15,258 per year, while in-state graduate students, on average, pay $7,500 per year. During the 2019-2020 academic year, 151 people received their master's degree in general business from Post University. Of these students, 45% were women and 48% were members of underrepresented racial-ethnic groups.

#15

University of Louisville

Louisville, Kentucky
151 Yearly Graduations
36% Women
27% Racial-Ethnic Minorities*

University of Louisville comes in at #15 on our list of the most popular colleges offering master's degrees in general business. Each year, around 22,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,966 per year, while in-state graduate students, on average, pay $13,260 per year. The general business program at University of Louisville awarded 151 master's degrees during the 2019-2020 school year. Of these students, 36% were women and 27% were members of underrepresented racial-ethnic groups.

#17

Northeastern University

Boston, Massachusetts
150 Yearly Graduations
44% Women
19% Racial-Ethnic Minorities*

Northeastern University is the 17th most popular school in the nation for students seeking a master's degree in general business. Each year, around 22,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $54,360 per year, while in-state graduate students, on average, pay $25,264 per year. During the 2019-2020 academic year, 150 people received their master's degree in general business from Northeastern. Of these students, 44% were women and 19% were members of underrepresented racial-ethnic groups.

#17

Florida State University

Tallahassee, Florida
150 Yearly Graduations
33% Women
23% Racial-Ethnic Minorities*

The 17th most popular school in the country for general business majors who are seeking their master's degree is Florida State University. Each year, around 43,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $4,640 per year, while in-state graduate students, on average, pay $9,684 per year. The general business program at Florida State University awarded 150 master's degrees during the 2019-2020 school year. Of these students, 33% were women and 23% were members of underrepresented racial-ethnic groups.

#19

University of Denver

Denver, Colorado
147 Yearly Graduations
40% Women
17% Racial-Ethnic Minorities*

University of Denver is the 19th most popular school in the nation for students seeking a master's degree in general business. Each year, around 13,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $52,596 per year, while in-state graduate students, on average, pay $52,596 per year. The general business program at University of Denver awarded 147 master's degrees during the 2019-2020 school year. Of these students, 40% were women and 17% were members of underrepresented racial-ethnic groups.

144 Yearly Graduations
43% Women
6% Racial-Ethnic Minorities*

Northeastern University Professional Advancement Network comes in at #20 on our list of the most popular colleges offering master's degrees in general business. Each year, around 11,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $12,984 per year, while in-state graduate students, on average, pay $24,294 per year. During the 2019-2020 academic year, 144 people received their master's degree in general business from Northeastern University Professional Advancement Network. About 43% of this group were women, and 6% were students from an underrepresented racial-ethnic group.

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

Major Annual Degrees Awarded
Business Administration & Management 121,330
Management Sciences & Methods 23,091
Accounting 19,027
Human Resource Management 9,112
Finance & Financial Management 5,353

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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