Master’s Degrees in Business Administration & Management
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Education Levels of Business Administration Majors
During the 2018-2019 academic year, 128,188 students 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 |
|---|---|
| Bachelor’s Degree | 172,408 |
| Master’s Degree | 128,188 |
| Associate’s Degree | 60,528 |
| Basic Certificate | 34,964 |
| Undergraduate Certificate | 6,490 |
| Graduate Certificate | 4,965 |
| Doctor’s Degree | 2,604 |
Earnings of Business Administration Majors With Master’s Degrees
The median salary for graduates holding a master's degree in business administration is $61,300. However, this can depend on a number of factors, such as where you live and the number of years experience you have.
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.
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.
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 degrees in business administration. About 52.9% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 67,756 |
| Women | 60,432 |
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 |
Most Popular Business Administration Programs for Master’s Degrees
There are 1,168 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. Roughly 121,400 attend the school each year. 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.
During the 2018-2019 academic year, 4,278 people received their master's degree in business administration from WGU. Around 25% of these students were from an underrepresented racial-ethnic group, and 58% were women.
The 2nd most popular school in the country for business administration majors who are seeking their master's degree is University of Maryland Global Campus. Each year, around 60,600 students seeking various degrees attend the university. 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.
During the 2018-2019 academic year, 2,259 people received their master's degree in business administration from UMGC. Of these students, 58% were women and 57% were members of underrepresented racial-ethnic groups.
The 3rd most popular school in the country for business administration majors who are seeking their master's degree is Southern New Hampshire University. Each year, around 104,000 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 degrees during the 2018-2019 school year. Around 25% of these students were from an underrepresented racial-ethnic group, and 55% were 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 95,700 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 $16,752 per year.
For the 2018-2019 academic year, 1,750 master's degrees were handed out to business administration majors at UOPX - Arizona. About 59% of this group were women, and 47% were students from an underrepresented racial-ethnic group.
Grand Canyon University comes in at #5 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 90,200 students seeking various degrees attend the university. 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.
During the 2018-2019 academic year, 1,713 people received their master's degree in business administration from Grand Canyon University. Around 45% of these students were from an underrepresented racial-ethnic group, and 54% were women.
Webster University is the 6th most popular school in the nation for students seeking a master's degree in business administration. Roughly 11,400 attend the school each year. 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.
For the 2018-2019 academic year, 1,452 master's degrees were handed out to business administration majors at Webster. About 46% of this group were women, and 54% were students from an underrepresented racial-ethnic group.
The 7th most popular school in the country for business administration majors who are seeking their master's degree is Liberty University. Roughly 79,100 attend the school each year. 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 degrees were handed out to business administration majors at Liberty University. Around 28% of these students were from an underrepresented racial-ethnic group, and 49% were women.
University of Chicago comes in at #8 on our list of the most popular colleges offering master's degrees in business administration. Roughly 17,000 attend the school each year. 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.
During the 2018-2019 academic year, 1,225 people received their master's degree in business administration from UChicago. About 32% of this group were women, and 25% were students from an underrepresented racial-ethnic group.
Columbia University in the City of New York is the 9th most popular school in the nation for students seeking a master's degree in business administration. Roughly 31,000 attend the school each year. 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.
For the 2018-2019 academic year, 1,221 master's degrees were handed out to business administration majors at Columbia. Around 23% of these students were from an underrepresented racial-ethnic group, and 41% were women.
Columbia Southern University comes in at #10 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 21,100 students seeking various degrees attend the university. 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 degrees during the 2018-2019 school year. Around 55% of these students were from an underrepresented racial-ethnic group, and 51% were women.
Ashford University comes in at #11 on our list of the most popular colleges offering master's degrees in business administration. Roughly 34,700 attend the school each year. 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.
During the 2018-2019 academic year, 1,207 people received their master's degree in business administration from Ashford University. Of these students, 58% were women and 57% were members of underrepresented racial-ethnic groups.
Harvard University comes in at #12 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 31,500 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.
During the 2018-2019 academic year, 1,165 people received their master's degree in business administration from Harvard. Of these students, 44% were women and 29% were members of underrepresented racial-ethnic groups.
Louisiana State University - Shreveport comes in at #13 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 7,000 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 2018-2019 academic year, 1,126 people received their master's degree in business administration from Louisiana State University - Shreveport. Around 31% of these students were from an underrepresented racial-ethnic group, and 46% were women.
The 14th most popular school in the country for business administration majors who are seeking their master's degree is New York University. Each year, around 51,800 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 degrees during the 2018-2019 school year. Around 25% of these students were from an underrepresented racial-ethnic group, and 38% were women.
DeVry University - Illinois comes in at #15 on our list of the most popular colleges offering master's degrees in business administration. Roughly 17,300 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 degrees during the 2018-2019 school year. Of these students, 60% were women and 46% 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 Duke University. Roughly 16,600 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.
During the 2018-2019 academic year, 960 people received their master's degree in business administration from Duke. Of these students, 36% were women and 21% were members of underrepresented racial-ethnic groups.
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. Each year, around 30,000 students seeking various degrees attend the university. 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 degrees during the 2018-2019 school year. About 29% of this group were women, and 22% were students from an underrepresented racial-ethnic group.
Colorado Technical University - Colorado Springs comes in at #18 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 26,100 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.
For the 2018-2019 academic year, 855 master's degrees were handed out to business administration majors at Colorado Technical University - Colorado Springs. Of these students, 60% were women and 41% were members of underrepresented racial-ethnic groups.
University of California - Los Angeles comes in at #19 on our list of the most popular colleges offering master's degrees in business administration. Roughly 44,500 attend the school each year. 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.
For the 2018-2019 academic year, 829 master's degrees were handed out to business administration majors at UCLA. About 33% of this group were women, and 37% were students from an underrepresented racial-ethnic group.
Strayer University - Global Region is the 20th 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 2018-2019 academic year, 828 people received their master's degree in business administration from Strayer University - Global Region. Of these students, 54% were women and 52% were members of underrepresented racial-ethnic groups.
Business Administration Concentrations
| Major | Annual Degrees Awarded |
|---|---|
| Business Administration & Management | 110,756 |
| Organizational Leadership | 6,280 |
| Interior Design Management | 5,615 |
| Non-Profit Organizational Management | 1,937 |
| Project Management | 1,231 |
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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 |
|---|---|
| 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.
Featured Schools
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