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Master's Degree in General Business/Commerce

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Master’s Degrees in General Business/Commerce

9,486 Yearly Graduations
$68,950 Median Salary
$35,170 Median Debt
A master's degree in general business is offered at 123 colleges in the United States. This degree is more popular with male students, and about 24% of recent graduates were from an underrepresented racial-ethnic group. Also, 16.7% of general business graduates were international students.

Education Levels of General Business Majors

During the 2018-2019 academic year, 9,486 students earned their master's degree in general business. This earns it the #23 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 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. A lot of factors can contribute to this number, such as the location of your workplace and the availability of other perks and bonuses.

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 degrees in general business. About 59.7% of graduates in this field are male.

Gender Number of Grads
Men 5,665
Women 3,821
Gender Diversity of Master's Degrees in General Business

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
Racial-Ethnic Diversity of General Business Master's Degree Students

There are 123 colleges that offer a master’s degree in general business. Learn more about the most popular 20 below:

#1

Northwestern University

Evanston, Illinois
1,167 Yearly Graduations
35% 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. Roughly 22,400 attend the school each year. 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.

The general business program at Northwestern University awarded 1,167 master's degrees during the 2018-2019 school year. Of these students, 35% were women and 22% were members of underrepresented racial-ethnic groups.

#2

Indiana University - Bloomington

Bloomington, Indiana
1,100 Yearly Graduations
28% Women
23% Racial-Ethnic Minorities*

Indiana University - Bloomington comes in at #2 on our list of the most popular colleges offering master's degrees in general business. Each year, around 43,200 students seeking various degrees attend the university. 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.

The general business program at Indiana University - Bloomington awarded 1,100 master's degrees during the 2018-2019 school year. About 28% of this group were women, and 23% were students from an underrepresented racial-ethnic group.

#3

Massachusetts Institute of Technology

Cambridge, Massachusetts
653 Yearly Graduations
37% Women
23% 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 11,500 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.

For the 2018-2019 academic year, 653 master's degrees were handed out to general business majors at MIT. About 37% of this group were women, and 23% were students from an underrepresented racial-ethnic group.

#4

Johns Hopkins University

Baltimore, Maryland
306 Yearly Graduations
40% Women
32% Racial-Ethnic Minorities*

The 4th most popular school in the country for general business majors who are seeking their master's degree is Johns Hopkins University. Roughly 27,000 attend the school each year. 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.

During the 2018-2019 academic year, 306 people received their master's degree in general business from Johns Hopkins. Around 32% of these students were from an underrepresented racial-ethnic group, and 40% were women.

#5

University of Central Florida

Orlando, Florida
227 Yearly Graduations
48% Women
37% Racial-Ethnic Minorities*

University of Central Florida comes in at #5 on our list of the most popular colleges offering master's degrees in general business. Each year, around 69,400 students seeking various degrees attend the university. 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 2018-2019 academic year, 227 people received their master's degree in general business from UCF. Around 37% of these students were from an underrepresented racial-ethnic group, and 48% were women.

#6

Mercer University

Macon, Georgia
198 Yearly Graduations
55% Women
53% Racial-Ethnic Minorities*

The 6th most popular school in the country for general business majors who are seeking their master's degree is Mercer University. 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.

The general business program at Mercer University awarded 198 master's degrees during the 2018-2019 school year. Of these students, 55% were women and 53% were members of underrepresented racial-ethnic groups.

#7

University of Virginia - Main Campus

Charlottesville, Virginia
175 Yearly Graduations
37% Women
26% Racial-Ethnic Minorities*

University of Virginia - Main Campus is the 7th most popular school in the nation for students seeking a master's degree in general business. Each year, around 25,000 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.

The general business program at University of Virginia - Main Campus awarded 175 master's degrees during the 2018-2019 school year. About 37% of this group were women, and 26% were students from an underrepresented racial-ethnic group.

#7

Bethel University

McKenzie, Tennessee
175 Yearly Graduations
73% Women
54% Racial-Ethnic Minorities*

Bethel University comes in at #7 on our list of the most popular colleges offering master's degrees in general business. Each year, around 3,100 students seeking various degrees attend the university. 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.

The general business program at Bethel University awarded 175 master's degrees during the 2018-2019 school year. Around 54% of these students were from an underrepresented racial-ethnic group, and 73% were women.

#9

University of Wisconsin - Whitewater

Whitewater, Wisconsin
167 Yearly Graduations
42% Women
10% Racial-Ethnic Minorities*

University of Wisconsin - Whitewater comes in at #9 on our list of the most popular colleges offering master's degrees 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 $8,108 per year.

The general business program at University of Wisconsin - Whitewater awarded 167 master's degrees during the 2018-2019 school year. About 42% of this group were women, and 10% were students from an underrepresented racial-ethnic group.

#10

Columbia College

Columbia, Missouri
163 Yearly Graduations
61% Women
27% Racial-Ethnic Minorities*

The 10th most popular school in the country for general business majors who are seeking their master's degree is Columbia College. Each year, around 9,900 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.

The general business program at Columbia College awarded 163 master's degrees during the 2018-2019 school year. About 61% of this group were women, and 27% were students from an underrepresented racial-ethnic group.

#11

University of Missouri - St Louis

Saint Louis, Missouri
162 Yearly Graduations
48% Women
14% Racial-Ethnic Minorities*

University of Missouri - St Louis is the 11th most popular school in the nation for students seeking a master's degree in general business. Each year, around 15,900 students seeking various degrees attend the university. 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.

The general business program at University of Missouri - St Louis awarded 162 master's degrees during the 2018-2019 school year. About 48% of this group were women, and 14% were students from an underrepresented racial-ethnic group.

#12

Maryville University of Saint Louis

Saint Louis, Missouri
161 Yearly Graduations
52% Women
22% Racial-Ethnic Minorities*

The 12th most popular school in the country for general business majors who are seeking their master's degree is Maryville University of Saint Louis. Each year, around 10,000 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.

For the 2018-2019 academic year, 161 master's degrees were handed out to general business majors at Maryville U. Of these students, 52% were women and 22% were members of underrepresented racial-ethnic groups.

#13

Drexel University

Philadelphia, Pennsylvania
156 Yearly Graduations
46% Women
25% Racial-Ethnic Minorities*

The 13th most popular school in the country for general business majors who are seeking their master's degree is Drexel University. Roughly 24,200 attend the school each year. 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.

During the 2018-2019 academic year, 156 people received their master's degree in general business from Drexel. About 46% of this group were women, and 25% were students from an underrepresented racial-ethnic group.

154 Yearly Graduations
19% Women
23% Racial-Ethnic Minorities*

Indiana University - Purdue University - Indianapolis is the 14th most popular school in the nation for students seeking a master's degree 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.

During the 2018-2019 academic year, 154 people received their master's degree in general business from IUPUI. Around 23% of these students were from an underrepresented racial-ethnic group, and 19% were women.

#15

Post University

Waterbury, Connecticut
151 Yearly Graduations
46% Women
37% Racial-Ethnic Minorities*

Post University comes in at #15 on our list of the most popular colleges offering master's degrees in general business. Each year, around 10,600 students seeking various degrees attend the university. 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.

The general business program at Post University awarded 151 master's degrees during the 2018-2019 school year. About 46% of this group were women, and 37% were students from an underrepresented racial-ethnic group.

#15

University of Louisville

Louisville, Kentucky
151 Yearly Graduations
39% Women
20% Racial-Ethnic Minorities*

University of Louisville comes in at #15 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 $11,732 per year, while in-state graduate students, on average, pay $13,000 per year.

For the 2018-2019 academic year, 151 master's degrees were handed out to general business majors at UofL. Around 20% of these students were from an underrepresented racial-ethnic group, and 39% were women.

#17

Northeastern University

Boston, Massachusetts
150 Yearly Graduations
47% Women
17% Racial-Ethnic Minorities*

Northeastern University is the 17th most popular school in the nation for students seeking a master's degree in general business. Roughly 22,200 attend the school each year. 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.

For the 2018-2019 academic year, 150 master's degrees were handed out to general business majors at Northeastern. About 47% of this group were women, and 17% were students from an underrepresented racial-ethnic group.

#17

Florida State University

Tallahassee, Florida
150 Yearly Graduations
33% Women
21% Racial-Ethnic Minorities*

Florida State University is the 17th most popular school in the nation for students seeking a master's degree in general business. Each year, around 42,400 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.

For the 2018-2019 academic year, 150 master's degrees were handed out to general business majors at Florida State. About 33% of this group were women, and 21% were students from an underrepresented racial-ethnic group.

#19

University of Denver

Denver, Colorado
147 Yearly Graduations
35% Women
18% 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 Denver. Each year, around 12,900 students seeking various degrees attend the university. 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.

During the 2018-2019 academic year, 147 people received their master's degree in general business from DU. Around 18% of these students were from an underrepresented racial-ethnic group, and 35% were women.

144 Yearly Graduations
47% Women
6% Racial-Ethnic Minorities*

The 20th most popular school in the country for general business majors who are seeking their master's degree is Northeastern University Professional Advancement Network. Each year, around 11,800 students seeking various degrees attend the university. 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.

For the 2018-2019 academic year, 144 master's degrees were handed out to general business majors at Northeastern University Professional Advancement Network. Of these students, 47% were women and 6% were members of underrepresented racial-ethnic groups.

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.

More about our data sources and methodologies.

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