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Master's Degree in General Business/Commerce

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Master’s Degree in General Business/Commerce

9,606 Yearly Graduations
$68,950 Median Salary
$35,170 Median Debt
A master's degree in general business is offered at 122 colleges in the United States. In recent years, the majority of the students getting degrees in this area were male, and 21 were from an underrepresented racial-ethnic group. Also, 16.9% of general business graduates were international students.

Education Levels of General Business Majors

In 2017-2018, 9,606 master's degree were awarded to general business majors. This earns it the #22 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 general business at each degree level.

Education Level Number of Grads
Bachelor’s Degree 26,316
Associate’s Degree 17,273
Master’s Degree 9,606
Basic Certificate 2,788
Undergraduate Certificate 1,629
Graduate Certificate 552
Doctor’s Degree 249

Earnings of General Business Majors With Master’s Degree

The median salary for graduates holding a master's degree in general business is $68,950. 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.

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.

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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.

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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 degree in general business. About 59.4% of graduates in this field are male.

Gender Number of Grads
Men 5,705
Women 3,901
Gender Diversity of Master's Degree in General Business

The racial-ethnic distribution of general business master’s degree students is as follows:

Race/Ethnicity Number of Grads
Asian 623
Black or African American 706
Hispanic or Latino 502
White 5,343
International Students 1,621
Other Races/Ethnicities 811
Racial-Ethnic Diversity of General Business Master's Degree Students

There are 122 colleges that offer a master’s degree in general business. Learn more about the most popular 20 below:

#1

Northwestern University

Evanston, Illinois
1,099 Yearly Graduations
37% Women
22% Racial-Ethnic Minorities*

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 22,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $54,120 per year, while in-state graduate students, on average, pay $54,120 per year.

The general business program at Northwestern University awarded 1,099 master's degree during the 2017-2018 school year. Of these students, 37% were women and 22% were members of underrepresented racial-ethnic groups.

#2

Indiana University - Bloomington

Bloomington, Indiana
1,017 Yearly Graduations
27% Women
19% Racial-Ethnic Minorities*

Indiana University - Bloomington comes in at #2 on our list of the most popular colleges offering master's degree in general business. Roughly 43,700 attend the school each year. The average in-state tuition for full-time undergraduates is $9,342 per year, while in-state graduate students, on average, pay $9,225 per year.

For the 2017-2018 academic year, 1,017 master's degree were handed out to general business majors at IU Bloomington. About 27% of this group were women, and 19% were students from an underrepresented racial-ethnic group.

#3

Massachusetts Institute of Technology

Cambridge, Massachusetts
660 Yearly Graduations
37% Women
19% Racial-Ethnic Minorities*

The 3rd most popular school in the country for general business majors who are seeking their master's degree is Massachusetts Institute of Technology. Roughly 11,400 attend the school each year. The average in-state tuition for full-time undergraduates is $51,520 per year, while in-state graduate students, on average, pay $51,520 per year.

During the 2017-2018 academic year, 660 people received their master's degree in general business from MIT. Of these students, 37% were women and 19% were members of underrepresented racial-ethnic groups.

#4

Johns Hopkins University

Baltimore, Maryland
297 Yearly Graduations
45% Women
29% Racial-Ethnic Minorities*

Johns Hopkins University is the 4th most popular school in the nation for students seeking a master's degree in general business. Roughly 25,100 attend the school each year. The average in-state tuition for full-time undergraduates is $53,740 per year, while in-state graduate students, on average, pay $53,740 per year.

For the 2017-2018 academic year, 297 master's degree were handed out to general business majors at Johns Hopkins. Of these students, 45% were women and 29% were members of underrepresented racial-ethnic groups.

#5

University of Central Florida

Orlando, Florida
269 Yearly Graduations
40% Women
35% 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. Roughly 66,000 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.

During the 2017-2018 academic year, 269 people received their master's degree in general business from UCF. Around 35% of these students were from an underrepresented racial-ethnic group, and 40% were women.

#6

Columbia College

Columbia, Missouri
209 Yearly Graduations
59% Women
23% Racial-Ethnic Minorities*

Columbia College comes in at #6 on our list of the most popular colleges offering master's degree in general business. Each year, around 13,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $10,190 per year, while in-state graduate students, on average, pay $7,874 per year.

The general business program at Columbia College awarded 209 master's degree during the 2017-2018 school year. Around 23% of these students were from an underrepresented racial-ethnic group, and 59% were women.

205 Yearly Graduations
24% Women
23% Racial-Ethnic Minorities*

Indiana University - Purdue University - Indianapolis comes in at #7 on our list of the most popular colleges offering master's degree in general business. Each year, around 29,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $8,371 per year, while in-state graduate students, on average, pay $8,568 per year.

The general business program at Indiana University - Purdue University - Indianapolis awarded 205 master's degree during the 2017-2018 school year. Of these students, 24% were women and 23% were members of underrepresented racial-ethnic groups.

#8

Drexel University

Philadelphia, Pennsylvania
197 Yearly Graduations
37% Women
19% Racial-Ethnic Minorities*

The 8th most popular school in the country for general business majors who are seeking their master's degree is Drexel University. Each year, around 24,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $50,874 per year, while in-state graduate students, on average, pay $34,155 per year.

During the 2017-2018 academic year, 197 people received their master's degree in general business from Drexel. Of these students, 37% were women and 19% were members of underrepresented racial-ethnic groups.

#9

Northeastern University

Boston, Massachusetts
191 Yearly Graduations
41% Women
20% Racial-Ethnic Minorities*

Northeastern University is the 9th most popular school in the nation for students seeking a master's degree in general business. Each year, around 21,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $50,450 per year, while in-state graduate students, on average, pay $24,027 per year.

For the 2017-2018 academic year, 191 master's degree were handed out to general business majors at Northeastern. Around 20% of these students were from an underrepresented racial-ethnic group, and 41% were women.

#10

Bethel University

McKenzie, Tennessee
177 Yearly Graduations
65% Women
55% Racial-Ethnic Minorities*

The 10th most popular school in the country for general business majors who are seeking their master's degree is Bethel University. Each year, around 5,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $9,805 per year, while in-state graduate students, on average, pay $10,609 per year.

The general business program at Bethel University awarded 177 master's degree during the 2017-2018 school year. About 65% of this group were women, and 55% were students from an underrepresented racial-ethnic group.

#11

University of Denver

Denver, Colorado
171 Yearly Graduations
42% Women
19% Racial-Ethnic Minorities*

The 11th most popular school in the country for general business majors who are seeking their master's degree is University of Denver. Roughly 11,400 attend the school each year. The average in-state tuition for full-time undergraduates is $49,392 per year, while in-state graduate students, on average, pay $49,392 per year.

For the 2017-2018 academic year, 171 master's degree were handed out to general business majors at U of Denver. Of these students, 42% were women and 19% were members of underrepresented racial-ethnic groups.

#12

Mercer University

Macon, Georgia
170 Yearly Graduations
45% Women
42% Racial-Ethnic Minorities*

Mercer University is the 12th most popular school in the nation for students seeking a master's degree in general business. Roughly 8,600 attend the school each year. The average in-state tuition for full-time undergraduates is $24,822 per year, while in-state graduate students, on average, pay $14,374 per year.

During the 2017-2018 academic year, 170 people received their master's degree in general business from Mercer. Of these students, 45% were women and 42% were members of underrepresented racial-ethnic groups.

163 Yearly Graduations
42% Women
6% Racial-Ethnic Minorities*

Northeastern University Professional Advancement Network comes in at #13 on our list of the most popular colleges offering master's degree in general business. Roughly 11,100 attend the school each year. The average in-state tuition for full-time undergraduates is $28,308 per year, while in-state graduate students, on average, pay $23,797 per year.

The general business program at Northeastern University Professional Advancement Network awarded 163 master's degree during the 2017-2018 school year. Around 6% of these students were from an underrepresented racial-ethnic group, and 42% were women.

#14

University of Missouri - St Louis

Saint Louis, Missouri
159 Yearly Graduations
43% Women
11% Racial-Ethnic Minorities*

The 14th most popular school in the country for general business majors who are seeking their master's degree is University of Missouri - St Louis. Roughly 16,700 attend the school each year. The average in-state tuition for full-time undergraduates is $10,491 per year, while in-state graduate students, on average, pay $11,436 per year.

For the 2017-2018 academic year, 159 master's degree were handed out to general business majors at UMSL. About 43% of this group were women, and 11% were students from an underrepresented racial-ethnic group.

#15

Utah Valley University

Orem, Utah
155 Yearly Graduations
28% Women
10% Racial-Ethnic Minorities*

Utah Valley University comes in at #15 on our list of the most popular colleges offering master's degree in general business. Each year, around 37,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $5,036 per year, while in-state graduate students, on average, pay $9,872 per year.

The general business program at Utah Valley University awarded 155 master's degree during the 2017-2018 school year. About 28% of this group were women, and 10% were students from an underrepresented racial-ethnic group.

#16

Georgia State University

Atlanta, Georgia
152 Yearly Graduations
47% Women
41% Racial-Ethnic Minorities*

Georgia State University comes in at #16 on our list of the most popular colleges offering master's degree in general business. Each year, around 32,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $6,984 per year, while in-state graduate students, on average, pay $7,020 per year.

The general business program at Georgia State University awarded 152 master's degree during the 2017-2018 school year. Of these students, 47% were women and 41% were members of underrepresented racial-ethnic groups.

#17

University of Wisconsin - Whitewater

Whitewater, Wisconsin
151 Yearly Graduations
44% Women
11% Racial-Ethnic Minorities*

University of Wisconsin - Whitewater is the 17th most popular school in the nation for students seeking a master's degree in general business. Each year, around 12,400 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 $7,949 per year.

For the 2017-2018 academic year, 151 master's degree were handed out to general business majors at UW - Whitewater. About 44% of this group were women, and 11% were students from an underrepresented racial-ethnic group.

#18

Tulane University of Louisiana

New Orleans, Louisiana
150 Yearly Graduations
45% Women
13% Racial-Ethnic Minorities*

Tulane University of Louisiana comes in at #18 on our list of the most popular colleges offering master's degree in general business. Roughly 12,300 attend the school each year. The average in-state tuition for full-time undergraduates is $50,780 per year, while in-state graduate students, on average, pay $52,856 per year.

The general business program at Tulane University of Louisiana awarded 150 master's degree during the 2017-2018 school year. About 45% of this group were women, and 13% were students from an underrepresented racial-ethnic group.

#19

University of Louisville

Louisville, Kentucky
149 Yearly Graduations
36% Women
19% Racial-Ethnic Minorities*

The 19th 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 $11,460 per year, while in-state graduate students, on average, pay $12,684 per year.

For the 2017-2018 academic year, 149 master's degree were handed out to general business majors at U of L. Of these students, 36% were women and 19% were members of underrepresented racial-ethnic groups.

#20

University of Kentucky

Lexington, Kentucky
145 Yearly Graduations
39% Women
9% Racial-Ethnic Minorities*

The 20th most popular school in the country for general business majors who are seeking their master's degree is University of Kentucky. Each year, around 29,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $10,896 per year, while in-state graduate students, on average, pay $11,703 per year.

The general business program at University of Kentucky awarded 145 master's degree during the 2017-2018 school year. Of these students, 39% were women and 9% were members of underrepresented racial-ethnic groups.

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

Major Annual Degrees Awarded
Business Administration & Management 125,137
Accounting 21,483
Management Sciences & Methods 9,349
Human Resource Management 9,297
Finance & Financial Management 6,535

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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