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2021 Best Business Administration & Management Master's Degree Schools

971 Colleges
$65,897 Avg Salary
$39,133 Avg Student Debt

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

In 2018-2019, 410,147 business administration and management students received their degrees and certificates, making the major the #2 most popular in the country.

There are so many programs in today's world that it can tough to figure out which one is the right one 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, Course Advisor has created its Best Business Administration & Management Master's Degree Schools ranking. This report analyzed 971 schools in the United States to see which ones offered the best master's degree programs for students. The factors used to develop this ranking include those related to how in-demand the school is, the overall quality of the school, and post-graduation wages, and more.

View our full ranking methodology.

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

The colleges and universities below are the best for business administration majors pursuing a master's degree.

Top 25 Top Schools for a Master's in Business Administration

#1

Stanford University

Stanford, CA

Our 2021 rankings named Stanford University the best school in the United States for business administration and management students working on their master’s degree. Located in the large suburb of Stanford, Stanford is a private not-for-profit school with a fairly large student population.

Business Administration majors at Stanford take out an average of $58,332 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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#2

Duke University

Durham, NC

The excellent master’s degree programs at Duke University helped the school earn the #2 place on this year’s ranking of the best business administration and management schools in the United States. Duke is a large private not-for-profit school located in the city of Durham.

Business Administration majors at Duke take out an average of $81,571 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 $845.

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#3

Brown University

Providence, RI

The excellent master’s degree programs at Brown University helped the school earn the #3 place on this year’s ranking of the best business administration and management schools in the United States. Located in the midsize city of Providence, Brown is a private not-for-profit school with a large student population.

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#4

University of Chicago

Chicago, IL

You’ll join some of the best and brightest minds around you if you attend University of Chicago. The school came in at #4 on this year’s Best Business Administration & Management Master’s Degree Schools list. Located in the large city of Chicago, UChicago is a private not-for-profit school with a large student population.

After completing their Master's Degree, business administration graduates from UChicago carry an average student debtload of $90,174. For students who choose a 10-year repayment plan, the average monthly student loan payment is $928.

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#5

Dartmouth College

Hanover, NH

The excellent master’s degree programs at Dartmouth College helped the school earn the #5 place on this year’s ranking of the best business administration and management schools in the United States. Dartmouth is a moderately-sized private not-for-profit school located in the town of Hanover.

Business Administration majors at Dartmouth take out an average of $64,591 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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#6

University of Notre Dame

Notre Dame, IN

University of Notre Dame came in at #6 in this year’s edition of the Best Business Administration & Management Master’s Degree Schools ranking. Notre Dame is a fairly large private not-for-profit school located in the suburb of Notre Dame.

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#7

Cornell University

Ithaca, NY

Cornell 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 #7 on the list. Cornell is a very large private not-for-profit school located in the small city of Ithaca.

While working on their Master's Degree, business administration majors at Cornell accumulate an average of around $97,863 in student debt. The average monthly payment of a loan this size is about $1,222, assuming that the borrower is on a 10-year repayment plan.

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#8

University of Pennsylvania

Philadelphia, PA

With a ranking of #8, University of Pennsylvania did quite well on this year’s best schools for business administration and management students working on their master’s degree. UPenn is a very large private not-for-profit school located in the city of Philadelphia.

On average, business administration graduates from UPenn take out $83,737 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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#9

Yale University

New Haven, CT

Yale University ranked #9 on this year’s Best Business Administration & Management Master’s Degree Schools list. Yale is a large private not-for-profit school located in the midsize city of New Haven.

While working on their Master's Degree, business administration majors at Yale accumulate an average of around $85,340 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 $930.

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#10

Northwestern University

Evanston, IL

Northwestern University came in at #10 in this year’s edition of the Best Business Administration & Management Master’s Degree Schools ranking. Located in the small city of Evanston, Northwestern U is a private not-for-profit college with a fairly large student population.

While working on their Master's Degree, business administration majors at Northwestern U accumulate an average of around $116,420 in student debt. This translates to an average monthly loan payment of $1,472, based on a 10-year repayment plan.

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#11

Rice University

Houston, TX

Rice University landed the #11 spot in the 2021 rankings for the best master’s degree business administration and management programs. Rice is a moderately-sized private not-for-profit school located in the large city of Houston.

On average, business administration graduates from Rice take out $38,028 in student loans while working on their Master's Degree. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $411.

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University of Michigan - Ann Arbor landed the #12 spot in the 2021 rankings for the best master’s degree business administration and management programs. Located in the city of Ann Arbor, U of Michigan is a public college with a very large student population.

Business Administration majors at U of Michigan take out an average of $72,511 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 $572.

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#13

University of Virginia - Main Campus

Charlottesville, VA

University of Virginia - Main Campus 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 small suburb of Charlottesville, University of Virginia is a public school with a very large student population.

After completing their Master's Degree, business administration graduates from University of Virginia carry an average student debtload of $99,691. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $1,098.

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#14

Emory University

Atlanta, GA

Emory 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. Emory is a large private not-for-profit school located in the large city of Atlanta.

The average amount in student loans that business administration majors at Emory take out while working on their Master's Degree is $66,371. The average monthly payment of a loan this size is about $712, assuming that the borrower is on a 10-year repayment plan.

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#15

Lehigh University

Bethlehem, PA

Lehigh University landed the #15 spot in the 2021 rankings for the best master’s degree business administration and management programs. Lehigh is a medium-sized private not-for-profit school located in the small city of Bethlehem.

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Columbia University in the City of New York 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 #16 on the list. Located in the large city of New York, Columbia is a private not-for-profit school with a very large student population.

After completing their Master's Degree, business administration graduates from Columbia carry an average student debtload of $94,455. This translates to an average monthly loan payment of $717, based on a 10-year repayment plan.

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University of North Carolina at Chapel Hill ranked #17 on this year’s Best Business Administration & Management Master’s Degree Schools list. UNC Chapel Hill is a fairly large public school located in the city of Chapel Hill.

While working on their Master's Degree, business administration majors at UNC Chapel Hill accumulate an average of around $81,154 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 $881.

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University of California - Berkeley 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 #18 on the list. UC Berkeley is a very large public school located in the medium-sized city of Berkeley.

After completing their Master's Degree, business administration graduates from UC Berkeley carry an average student debtload of $74,906. For students who choose a 10-year repayment plan, the average monthly student loan payment is $714.

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#19

Carnegie Mellon University

Pittsburgh, PA

With a ranking of #19, Carnegie Mellon University did quite well on this year’s best schools for business administration and management students working on their master’s degree. Located in the large city of Pittsburgh, Carnegie Mellon is a private not-for-profit school with a large student population.

While working on their Master's Degree, business administration majors at Carnegie Mellon accumulate an average of around $90,513 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 $1,119.

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University of California - Los Angeles ranked #19 on this year’s Best Business Administration & Management Master’s Degree Schools list. UCLA is a fairly large public school located in the large city of Los Angeles.

On average, business administration graduates from UCLA take out $91,219 in student loans while working on their Master's Degree. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $938.

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Georgia Institute of Technology - Main Campus ranked #21 on this year’s Best Business Administration & Management Master’s Degree Schools list. Located in the large city of Atlanta, Georgia Tech is a public college with a very large student population.

While working on their Master's Degree, business administration majors at Georgia Tech accumulate an average of around $72,518 in student debt. This translates to an average monthly loan payment of $916, based on a 10-year repayment plan.

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The University of Texas at Austin came in at #22 in this year’s edition of the Best Business Administration & Management Master’s Degree Schools ranking. UT Austin is a fairly large public school located in the large city of Austin.

After completing their Master's Degree, business administration graduates from UT Austin carry an average student debtload of $69,552. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $804.

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#23

Vanderbilt University

Nashville, TN

Vanderbilt University landed the #23 spot in the 2021 rankings for the best master’s degree business administration and management programs. Vanderbilt is a fairly large private not-for-profit school located in the city of Nashville.

On average, business administration graduates from Vanderbilt take out $86,160 in student loans while working on their Master's Degree. This translates to an average monthly loan payment of $1,023, based on a 10-year repayment plan.

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With a ranking of #24, Lake Forest Graduate School of Management did quite well on this year’s best schools for business administration and management students working on their master’s degree. Located in the large suburb of Lake Forest, Lake Forest Graduate School of Management is a private not-for-profit school with a small student population.

Business Administration majors at Lake Forest Graduate School of Management take out an average of $42,506 in student loans while working on their Master's Degree. For students who choose a 10-year repayment plan, the average monthly student loan payment is $505.

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#25

Harvard University

Cambridge, MA

Harvard University ranked #25 on this year’s Best Business Administration & Management Master’s Degree Schools list. Harvard is a very large private not-for-profit school located in the medium-sized city of Cambridge.

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

#26

Georgetown University

Washington, DC
#28

Villanova University

Villanova, PA
#29

New York University

New York, NY
#30

Babson College

Wellesley, MA
#34

Boston College

Chestnut Hill, MA
#35

Virginia Tech

Blacksburg, VA
#36

University of Richmond

University of Richmond, VA
#37

Bentley University

Waltham, MA
#39

Boston University

Boston, MA
#40

Santa Clara University

Santa Clara, CA
#46

Michigan State University

East Lansing, MI
#49

Fairfield University

Fairfield, CT
#50

George Washington University

Washington, DC

Additional Award Winners

This section represents the rest of the schools awarded a Best 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 Johns Hopkins University Baltimore, MD
52 University of Georgia Athens, GA
53 University of Minnesota - Twin Cities Minneapolis, MN
54 Bryant University Smithfield, RI
55 Pennsylvania State University - Great Valley Malvern, PA
56 Rutgers University - Newark Newark, NJ
57 Marquette University Milwaukee, WI
58 University of Connecticut Storrs, CT
59 Endicott College Beverly, MA
60 University of Massachusetts Amherst Amherst, MA
61 Saint Mary’s College of California Moraga, CA
62 Kettering University Flint, MI
63 Ohio State University - Main Campus Columbus, OH
64 Cleary University Howell, MI
65 Seton Hall University South Orange, NJ
66 Southern Methodist University Dallas, TX
67 Wake Forest University Winston-Salem, NC
68 Auburn University Auburn, AL
69 University of Washington - Tacoma Campus Tacoma, WA
70 University of Rochester Rochester, NY
71 Loyola University Maryland Baltimore, MD
72 University of Delaware Newark, DE
73 University of Management and Technology Arlington, VA
74 Milwaukee School of Engineering Milwaukee, WI
75 University of Iowa Iowa City, IA
76 Texas Christian University Fort Worth, TX
77 University of Maryland - College Park College Park, MD
78 James Madison University Harrisonburg, VA
79 Elizabethtown College Elizabethtown, PA
80 Rensselaer Polytechnic Institute Troy, NY
81 Purdue University - Main Campus West Lafayette, IN
82 University of Washington - Bothell Campus Bothell, WA
83 University of Florida Gainesville, FL
84 University of Pittsburgh - Pittsburgh Campus Pittsburgh, PA
85 University of Northern Iowa Cedar Falls, IA
86 Rutgers University - Camden Camden, NJ
87 Citadel Military College of South Carolina Charleston, SC
88 University of Nebraska - Lincoln Lincoln, NE
89 Brigham Young University - Provo Provo, UT
90 College of William and Mary Williamsburg, VA
91 The University of Tennessee - Knoxville Knoxville, TN
92 Pennsylvania State University - University Park University Park, PA
93 University of California - Davis Davis, CA
94 Judson University Elgin, IL
95 Creighton University Omaha, NE
96 Washington State University Pullman, WA
97 Saint Louis University Saint Louis, MO
98 Quinnipiac University Hamden, CT
99 Baylor University Waco, TX
100 Fordham University Bronx, NY
101 Pennsylvania State University - Erie - Behrend College Erie, PA
102 Lebanon Valley College Annville, PA
103 Case Western Reserve University Cleveland, OH
104 University of Scranton Scranton, PA
105 Gonzaga University Spokane, WA
106 University of Redlands Redlands, CA
107 North Carolina State University Raleigh, NC
108 Pepperdine University Malibu, CA
109 West Chester University of Pennsylvania West Chester, PA
110 Ithaca College Ithaca, NY
111 Marist College Poughkeepsie, NY
112 Syracuse University Syracuse, NY
113 Providence College Providence, RI
114 American University Washington, DC
115 University of South Carolina - Columbia Columbia, SC
116 University of Wisconsin - La Crosse La Crosse, WI
117 Yeshiva University New York, NY
118 Roger Williams University Bristol, RI
119 Drake University Des Moines, IA
120 Winona State University Winona, MN
121 George Mason University Fairfax, VA
122 University of Wisconsin - Oshkosh Oshkosh, WI
123 University of Hartford West Hartford, CT
124 Pennsylvania State University - World Campus University Park, PA
125 Miami University - Oxford Oxford, OH
126 Norwich University Northfield, VT
127 Clemson University Clemson, SC
128 University of California - San Diego La Jolla, CA
129 Trine University-Regional/Non-Traditional Campuses Fort Wayne, IN
130 Clarkson University Potsdam, NY
131 Ramapo College of New Jersey Mahwah, NJ
132 Merrimack College North Andover, MA
133 Embry - Riddle Aeronautical University - Worldwide Daytona Beach, FL
134 Xavier University Cincinnati, OH
135 University of North Dakota Grand Forks, ND
136 Missouri University of Science and Technology Rolla, MO
137 University of Mary Bismarck, ND
138 Marian University Fond Du Lac, WI
139 University of Wisconsin - Platteville Platteville, WI
140 The University of Texas of the Permian Basin Odessa, TX
141 University of San Diego San Diego, CA
142 Temple University Philadelphia, PA
143 University of Houston Houston, TX
144 Arizona State University - Tempe Tempe, AZ
145 Northern Illinois University Dekalb, IL

Honorable Mentions

These are some additional schools worth mentioning that are also great but just didn't quite make the cut to earn our top Best Business Administration & Management Master's Degree Schools award.

Rank College Location
146 Duquesne University Pittsburgh, PA
147 University of Vermont Burlington, VT
148 Saint Norbert College De Pere, WI
149 Baldwin Wallace University Berea, OH
150 University of Kansas Lawrence, KS
151 Rider University Lawrenceville, NJ
152 Bethel University Minnesota Saint Paul, MN
153 DePaul University Chicago, IL
154 University of the Pacific Stockton, CA
155 Saint Ambrose University Davenport, IA
156 University of Miami Coral Gables, FL
157 Colorado State University - Fort Collins Fort Collins, CO
158 Baker University Baldwin City, KS
159 Lawrence Technological University Southfield, MI
160 University of Wisconsin - Eau Claire Eau Claire, WI
161 Bradley University Peoria, IL
162 Catholic University of America Washington, DC
163 Binghamton University Vestal, NY
164 Moravian College Bethlehem, PA
165 York College of Pennsylvania York, PA
166 University of California - Irvine Irvine, CA
167 Iowa State University Ames, IA
168 Towson University Towson, MD
169 Elon University Elon, NC
170 Embry Riddle Aeronautical University - Daytona Beach Daytona Beach, FL
171 Western New England University Springfield, MA
172 University of Arkansas Fayetteville, AR
173 Holy Family University Philadelphia, PA
174 DeSales University Center Valley, PA
175 The University of Texas at Dallas Richardson, TX
176 Seattle University Seattle, WA
177 New Jersey Institute of Technology Newark, NJ
178 University of Mary Washington Fredericksburg, VA
179 Kansas State University Manhattan, KS
180 Hofstra University Hempstead, NY
181 University of San Francisco San Francisco, CA
182 Loras College Dubuque, IA
183 Bridgewater State University Bridgewater, MA
184 Messiah University Mechanicsburg, PA
185 Truman State University Kirksville, MO
186 Assumption University Worcester, MA
187 Saint Vincent College Latrobe, PA
188 Minnesota State University - Mankato Mankato, MN
189 Fitchburg State University Fitchburg, MA
190 University of Dayton Dayton, OH
191 Walsh College of Accountancy and Business Administration Troy, MI
192 University of Arizona Tucson, AZ
192 Emmanuel College Massachusetts Boston, MA
194 John Brown University Siloam Springs, AR

Business Administration & Management by Region

View the Best 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

One of 21 majors within the area of study, business administration and management has other similar majors worth exploring.

Related Major Annual Graduates
Accounting 105,123
General Business/Commerce 58,451
Finance & Financial Management 56,186
Marketing 51,241
Human Resource Management 26,823

Notes and References

*These averages are for the top 25 schools only.

  • Read more about our ranking methodology.
  • 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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