Master’s Degrees in General Business/Commerce
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Education Levels of General Business Majors
In 2018-2019, 9,486 earned their master's degree in general business. This makes it the 4th 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 |
|---|---|
| Bachelor’s Degree | 25,818 |
| Associate’s Degree | 17,723 |
| Master’s Degree | 9,486 |
| Basic Certificate | 2,657 |
| Undergraduate Certificate | 2,017 |
| Graduate Certificate | 492 |
| Doctor’s Degree | 258 |
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. However, this can depend on a number of factors, such as where you live and the number of years experience you have.
A better approximation of salary is to look at the typical range of salaries. In this case the low is $57,350 and the high is $82,025.
Student Debt
The median student debt for graduates holding a master's degree in general business is $35,170. 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, $42,779 is the debt load, and the debt load on the low side is $29,500.
The median monthly payment of a general business graduate with a 10-year repayment plan is $410.
Student Diversity
More men than women pursue master's degrees in general business. About 59.7% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 5,665 |
| Women | 3,821 |
The racial-ethnic distribution of general business master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 692 |
| Black or African American | 771 |
| Hispanic or Latino | 529 |
| White | 5,180 |
| International Students | 1,586 |
| Other Races/Ethnicities | 728 |
Most Popular General Business Programs for Master’s Degrees
There are 123 colleges that offer a master’s degree in general business. Learn more about the most popular 20 below:
Northwestern University tops the list of the most popular school in the U.S. for general business majors who are seeking their master's degree. Each year, around 22,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $56,232 per year, while in-state graduate students, on average, pay $56,067 per year.
During the 2018-2019 academic year, 1,167 people received their master's degree in general business from Northwestern. About 35% of this group were women, and 22% were students from an underrepresented racial-ethnic group.
The 2nd most popular school in the country for general business majors who are seeking their master's degree is Indiana University - Bloomington. Roughly 43,500 attend the school each year. The average in-state tuition for full-time undergraduates is $9,575 per year, while in-state graduate students, on average, pay $9,501 per year.
During the 2018-2019 academic year, 1,100 people received their master's degree in general business from IU Bloomington. Around 23% of these students were from an underrepresented racial-ethnic group, and 28% were women.
Massachusetts Institute of Technology is the 3rd most popular school in the nation for students seeking a master's degree in general business. Roughly 11,500 attend the school each year. 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.
The general business program at Massachusetts Institute of Technology awarded 653 master's degrees during the 2018-2019 school year. Around 23% of these students were from an underrepresented racial-ethnic group, and 37% were women.
Johns Hopkins University is the 4th most popular school in the nation for students seeking a master's degree in general business. Each year, around 26,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $55,350 per year, while in-state graduate students, on average, pay $55,350 per year.
For the 2018-2019 academic year, 306 master's degrees were handed out to general business majors at Johns Hopkins. Of these students, 40% were women and 32% were members of underrepresented racial-ethnic groups.
The 5th most popular school in the country for general business majors who are seeking their master's degree is University of Central Florida. Roughly 68,400 attend the school each year. 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.
For the 2018-2019 academic year, 227 master's degrees were handed out to general business majors at UCF. Of these students, 48% were women and 37% were members of underrepresented racial-ethnic groups.
Mercer University is the 6th most popular school in the nation for students seeking a master's degree in general business. Each year, around 8,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $25,528 per year, while in-state graduate students, on average, pay $15,422 per year.
During the 2018-2019 academic year, 198 people received their master's degree in general business from Mercer. About 55% of this group were women, and 53% were students from an underrepresented racial-ethnic group.
University of Virginia - Main Campus comes in at #7 on our list of the most popular colleges offering master's degrees in general business. Each year, around 24,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,970 per year, while in-state graduate students, on average, pay $16,578 per year.
During the 2018-2019 academic year, 175 people received their master's degree in general business from University of Virginia. Around 26% of these students were from an underrepresented racial-ethnic group, and 37% were women.
The 7th most popular school in the country for general business majors who are seeking their master's degree is Bethel University. Roughly 5,400 attend the school each year. The average in-state tuition for full-time undergraduates is $10,188 per year, while in-state graduate students, on average, pay $11,034 per year.
During the 2018-2019 academic year, 175 people received their master's degree in general business from Bethel. Of these students, 73% were women and 54% were members of underrepresented racial-ethnic groups.
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 13,000 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 $8,108 per year.
During the 2018-2019 academic year, 167 people received their master's degree in general business from UW - Whitewater. Around 10% of these students were from an underrepresented racial-ethnic group, and 42% were women.
Columbia College is the 10th most popular school in the nation for students seeking a master's degree in general business. Each year, around 12,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $10,912 per year, while in-state graduate students, on average, pay $8,602 per year.
During the 2018-2019 academic year, 163 people received their master's degree in general business from Columbia College Missouri. Around 27% of these students were from an underrepresented racial-ethnic group, and 61% were women.
University of Missouri - St Louis comes in at #11 on our list of the most popular colleges offering master's degrees in general business. Roughly 16,400 attend the school each year. The average in-state tuition for full-time undergraduates is $11,079 per year, while in-state graduate students, on average, pay $12,007 per year.
During the 2018-2019 academic year, 162 people received their master's degree in general business from UMSL. Around 14% of these students were from an underrepresented racial-ethnic group, and 48% were women.
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 9,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $26,070 per year, while in-state graduate students, on average, pay $14,346 per year.
The general business program at Maryville University of Saint Louis awarded 161 master's degrees during the 2018-2019 school year. About 52% of this group were women, and 22% were students from an underrepresented racial-ethnic group.
Drexel University is the 13th most popular school in the nation for students seeking a master's degree in general business. Each year, around 24,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $52,146 per year, while in-state graduate students, on average, pay $35,181 per year.
For the 2018-2019 academic year, 156 master's degrees were handed out to general business majors at Drexel. Around 25% of these students were from an underrepresented racial-ethnic group, and 46% were women.
Indiana University - Purdue University - Indianapolis comes in at #14 on our list of the most popular colleges offering master's degrees in general business. Roughly 29,500 attend the school each year. The average in-state tuition for full-time undergraduates is $8,580 per year, while in-state graduate students, on average, pay $8,826 per year.
For the 2018-2019 academic year, 154 master's degrees were handed out to general business majors at IUPUI. Of these students, 19% were women and 23% were members of underrepresented racial-ethnic groups.
The 15th most popular school in the country for general business majors who are seeking their master's degree is Post University. Roughly 9,800 attend the school each year. 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 2018-2019 academic year, 151 people received their master's degree in general business from Post University. Around 37% of these students were from an underrepresented racial-ethnic group, and 46% were women.
The 15th most popular school in the country for general business majors who are seeking their master's degree is University of Louisville. Each year, around 21,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,732 per year, while in-state graduate students, on average, pay $13,000 per year.
The general business program at University of Louisville awarded 151 master's degrees during the 2018-2019 school year. Of these students, 39% were women and 20% were members of underrepresented racial-ethnic groups.
Northeastern University comes in at #17 on our list of the most popular colleges offering master's degrees in general business. Each year, around 21,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $52,420 per year, while in-state graduate students, on average, pay $24,793 per year.
The general business program at Northeastern University awarded 150 master's degrees during the 2018-2019 school year. Around 17% of these students were from an underrepresented racial-ethnic group, and 47% were women.
Florida State University comes in at #17 on our list of the most popular colleges offering master's degrees in general business. Each year, around 41,000 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 2018-2019 school year. Around 21% of these students were from an underrepresented racial-ethnic group, and 33% were women.
University of Denver is the 19th most popular school in the nation for students seeking a master's degree in general business. Roughly 11,900 attend the school each year. The average in-state tuition for full-time undergraduates is $51,336 per year, while in-state graduate students, on average, pay $51,336 per year.
For the 2018-2019 academic year, 147 master's degrees were handed out to general business majors at DU. Of these students, 35% were women and 18% were members of underrepresented racial-ethnic groups.
Northeastern University Professional Advancement Network is the 20th most popular school in the nation for students seeking a master's degree in general business. Roughly 11,900 attend the school each year. The average in-state tuition for full-time undergraduates is $29,298 per year, while in-state graduate students, on average, pay $24,933 per year.
The general business program at Northeastern University Professional Advancement Network awarded 144 master's degrees during the 2018-2019 school year. About 47% of this group were women, and 6% were students from an underrepresented racial-ethnic group.
General Business Concentrations
| Major | Annual Degrees Awarded |
|---|---|
| General Business & Commerce | 9,486 |
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Related Majors
Below are some popular majors that are similar to general business that offer master’s degrees.
| Major | Annual Degrees Awarded |
|---|---|
| Business Administration & Management | 128,188 |
| Accounting | 20,770 |
| Management Sciences & Methods | 12,583 |
| 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.
- College Factual
- National Center for Education Statistics
- O*NET Online
- Bureau of Labor Statistics
- Image Credit: By U.S. Consulate General Munich under License
More about our data sources and methodologies.
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