Master’s Degrees in Business Administration & Management
Education Levels of Business Administration Majors
During the most recent year for which data is available, 120,872 people earned their master's degree in business administration. This earns it the #1 spot on the list of the most popular master's degree programs in the nation.
The following table shows the number of diplomas awarded in business administration at each degree level.
| Education Level | Number of Grads |
|---|---|
| Bachelor’s Degree | 161,468 |
| Master’s Degree | 120,872 |
| Associate Degree | 60,022 |
| Basic Certificate | 36,279 |
| Graduate Certificate | 7,027 |
| Undergraduate Certificate | 5,953 |
| Doctor’s Degree | 3,606 |
Earnings of Business Administration Majors With Master’s Degrees
The median salary for graduates holding a master's degree in business administration is $72,329. This number may vary for a lot of reasons. For instance, you may decide to move to a location where people with your degree are rare and make more money. To get a better picture, earnings for this category of people can range from a low of $63,550 to a high of $86,780.
Student Debt
We do not have the data to estimate the median debt for this class of people.
Student Diversity
More men than women pursue master's degrees in business administration. About 50.4% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 60,902 |
| Women | 59,970 |
The racial-ethnic distribution of business administration master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 8,293 |
| Black or African American | 15,790 |
| Hispanic or Latino | 13,742 |
| White | 59,195 |
| International Students | 9,572 |
| Other Races/Ethnicities | 14,280 |
Most Popular Business Administration Programs for Master’s Degrees
There are 1,184 colleges that offer a master’s degree in business administration. Learn more about the most popular 20 below:
Western Governors University tops the list of the most popular school in the U.S. for business administration majors who are seeking their master's degree. Roughly 147,800 attend the school each year. The average in-state tuition for full-time undergraduates is $7,710 per year, while in-state graduate students, on average, pay $8,302 per year. During the most recent year for which we have data, 4,830 people received their master's degree in business administration from WGU. Around 28% of these students were from an underrepresented racial-ethnic group, and 56% were women. Data shows that WGU graduates that hold this degree go on to make a median salary of $72,329.
Southern New Hampshire University comes in at #2 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 134,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $15,450 per year, while in-state graduate students, on average, pay $19,467 per year. During the most recent year for which we have data, 2,271 people received their master's degree in business administration from SNHU. About 58% of this group were women, and 32% were students from an underrepresented racial-ethnic group. Data shows that SNHU graduates that hold this degree go on to make a median salary of $72,329.
The 3rd most popular school in the country for business administration majors who are seeking their master's degree is Louisiana State University - Shreveport. Roughly 9,900 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 most recent year for which we have data, 2,249 people received their master's degree in business administration from Louisiana State University - Shreveport. Of these students, 53% were women and 29% were members of underrepresented racial-ethnic groups. Data shows that Louisiana State University - Shreveport graduates that hold this degree go on to make a median salary of $72,329.
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 89,700 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 $16,215 per year. During the most recent year for which we have data, 2,219 people received their master's degree in business administration from UOPX - Arizona. Of these students, 63% were women and 42% were members of underrepresented racial-ethnic groups. University of Phoenix - Arizona business administration graduates who receive their master's degree go on to jobs earning a median salary of $72,329.
University of Maryland Global Campus is the 5th most popular school in the nation for students seeking a master's degree in business administration. Roughly 58,500 attend the school each year. The average in-state tuition for full-time undergraduates is $7,632 per year, while in-state graduate students, on average, pay $9,432 per year. During the most recent year for which we have data, 2,081 people received their master's degree in business administration from UMGC. Around 54% of these students were from an underrepresented racial-ethnic group, and 56% were women. Those who complete their master's degree in business administration at University of Maryland Global Campus make a median salary of 72,329.
Grand Canyon University comes in at #6 on our list of the most popular colleges offering master's degrees in business administration. Roughly 103,400 attend the school each year. The average in-state tuition for full-time undergraduates is $16,390 per year, while in-state graduate students, on average, pay $10,138 per year. During the most recent year for which we have data, 1,793 people received their master's degree in business administration from Grand Canyon University. Around 49% of these students were from an underrepresented racial-ethnic group, and 58% were women. Data shows that Grand Canyon University graduates that hold this degree go on to make a median salary of $72,329.
The 7th most popular school in the country for business administration majors who are seeking their master's degree is Liberty University. Roughly 93,300 attend the school each year. The average in-state tuition for full-time undergraduates is $15,015 per year, while in-state graduate students, on average, pay $7,740 per year. During the most recent year for which we have data, 1,586 people received their master's degree in business administration from Liberty University. Around 29% of these students were from an underrepresented racial-ethnic group, and 45% were women. Those who complete their master's degree in business administration at Liberty University make a median salary of 72,329.
The University of Arizona Global Campus is the 8th most popular school in the nation for students seeking a master's degree in business administration. Roughly 31,100 attend the school each year. The average in-state tuition for full-time undergraduates is $12,240 per year, while in-state graduate students, on average, pay $12,645 per year. During the most recent year for which we have data, 1,353 people received their master's degree in business administration from UAGC. Around 51% of these students were from an underrepresented racial-ethnic group, and 54% were women. Those who complete their master's degree in business administration at The University of Arizona Global Campus make a median salary of 72,329.
The 9th most popular school in the country for business administration majors who are seeking their master's degree is Columbia Southern University. Each year, around 18,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $5,528 per year, while in-state graduate students, on average, pay $3,640 per year. During the most recent year for which we have data, 1,241 people received their master's degree in business administration from Columbia Southern University. About 54% of this group were women, and 31% were students from an underrepresented racial-ethnic group. Columbia Southern University business administration graduates who receive their master's degree go on to jobs earning a median salary of $72,329.
The 10th most popular school in the country for business administration majors who are seeking their master's degree is Webster University. Each year, around 8,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $30,530 per year, while in-state graduate students, on average, pay $13,140 per year. During the most recent year for which we have data, 1,192 people received their master's degree in business administration from Webster. Around 42% of these students were from an underrepresented racial-ethnic group, and 48% were women. Webster University business administration graduates who receive their master's degree go on to jobs earning a median salary of $72,329.
The 11th most popular school in the country for business administration majors who are seeking their master's degree is University of Illinois at Urbana-Champaign. Roughly 52,600 attend the school each year. The average in-state tuition for full-time undergraduates is $14,768 per year, while in-state graduate students, on average, pay $15,545 per year. During the most recent year for which we have data, 1,079 people received their master's degree in business administration from UIUC. Around 32% of these students were from an underrepresented racial-ethnic group, and 33% were women. University of Illinois at Urbana-Champaign business administration graduates who receive their master's degree go on to jobs earning a median salary of $72,329.
DeVry University - Illinois is the 14th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 20,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,392 per year, while in-state graduate students, on average, pay $17,072 per year. During the most recent year for which we have data, 921 people received their master's degree in business administration from DeVry University - Illinois. About 57% of this group were women, and 51% were students from an underrepresented racial-ethnic group. Those who complete their master's degree in business administration at DeVry University - Illinois make a median salary of 72,329.
The 15th most popular school in the country for business administration majors who are seeking their master's degree is Harvard University. Each year, around 30,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $54,269 per year, while in-state graduate students, on average, pay $54,032 per year. During the most recent year for which we have data, 897 people received their master's degree in business administration from Harvard. Around 42% of these students were from an underrepresented racial-ethnic group, and 48% were women. Those who complete their master's degree in business administration at Harvard University make a median salary of 72,329.
The 16th most popular school in the country for business administration majors who are seeking their master's degree is American Public University System. Each year, around 50,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $8,400 per year, while in-state graduate students, on average, pay $7,650 per year. During the most recent year for which we have data, 888 people received their master's degree in business administration from American Military University. About 33% of this group were women, and 41% were students from an underrepresented racial-ethnic group. Those who complete their master's degree in business administration at American Public University System make a median salary of 72,329.
University of Michigan - Ann Arbor comes in at #17 on our list of the most popular colleges offering master's degrees in business administration. Roughly 47,900 attend the school each year. The average in-state tuition for full-time undergraduates is $17,977 per year, while in-state graduate students, on average, pay $27,192 per year. During the most recent year for which we have data, 841 people received their master's degree in business administration from U-M. About 38% of this group were women, and 25% were students from an underrepresented racial-ethnic group. University of Michigan - Ann Arbor business administration graduates who receive their master's degree go on to jobs earning a median salary of $72,329.
Duke University is the 18th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 16,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $63,450 per year, while in-state graduate students, on average, pay $62,620 per year. During the most recent year for which we have data, 764 people received their master's degree in business administration from Duke. Around 34% of these students were from an underrepresented racial-ethnic group, and 35% were women. Those who complete their master's degree in business administration at Duke University make a median salary of 72,329.
University of Florida is the 19th most popular school in the nation for students seeking a master's degree in business administration. Roughly 53,300 attend the school each year. The average in-state tuition for full-time undergraduates is $4,477 per year, while in-state graduate students, on average, pay $10,770 per year. During the most recent year for which we have data, 759 people received their master's degree in business administration from UF. Of these students, 47% were women and 34% were members of underrepresented racial-ethnic groups. Those who complete their master's degree in business administration at University of Florida make a median salary of 72,329.
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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 |
|---|---|
| Management Sciences & Methods | 41,157 |
| Accounting | 15,888 |
| Business & Commerce | 9,096 |
| Human Resource Management | 8,301 |
| Finance & Financial Management | 4,173 |
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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