Master’s Degrees in General Business/Commerce
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Education Levels of General Business Majors
During the 2020-2021 academic year, 8,488 students earned their master's degree in general business. This makes it the 28th 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 | 24,850 |
| Associate Degree | 17,867 |
| Master’s Degree | 8,488 |
| Basic Certificate | 2,748 |
| Undergraduate Certificate | 1,440 |
| Graduate Certificate | 402 |
| Doctor’s Degree | 247 |
Earnings of General Business Majors With Master’s Degrees
The median salary for graduates holding a master's degree in general business is $70,803. 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 $57,511 and the high is $84,075.
Student Debt
The data on debt ranges for general business majors who have their master's degree is not available.
Student Diversity
More men than women pursue master's degrees in general business. About 58.5% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 4,962 |
| Women | 3,526 |
The racial-ethnic distribution of general business master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 512 |
| Black or African American | 725 |
| Hispanic or Latino | 567 |
| White | 4,596 |
| International Students | 1,506 |
| Other Races/Ethnicities | 582 |
Most Popular General Business Programs for Master’s Degrees
There are 128 colleges that offer a master’s degree in general business. Learn more about the most popular 20 below:
Indiana University - Bloomington 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 43,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $9,913 per year, while in-state graduate students, on average, pay $9,909 per year. For the 2020-2021 academic year, 873 master's degrees were handed out to general business majors at IU Bloomington. Around 20% of these students were from an underrepresented racial-ethnic group, and 28% were women.
The 2nd most popular school in the country for general business majors who are seeking their master's degree is Campbellsville University. Each year, around 12,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $24,900 per year, while in-state graduate students, on average, pay $8,473 per year. During the 2020-2021 academic year, 761 people received their master's degree in general business from Campbellsville University. Around 0% of these students were from an underrepresented racial-ethnic group, and 26% were women.
Johns Hopkins University comes in at #3 on our list of the most popular colleges offering master's degrees in general business. Each year, around 28,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $58,720 per year, while in-state graduate students, on average, pay $58,720 per year. For the 2020-2021 academic year, 312 master's degrees were handed out to general business majors at Johns Hopkins. Around 36% of these students were from an underrepresented racial-ethnic group, and 54% were women.
University of Central Florida is the 4th most popular school in the nation for students seeking a master's degree in general business. Roughly 71,800 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 2020-2021 academic year, 245 people received their master's degree in general business from UCF. Of these students, 44% were women and 46% 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 Texas Tech University. Each year, around 40,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $8,935 per year, while in-state graduate students, on average, pay $6,956 per year. For the 2020-2021 academic year, 243 master's degrees were handed out to general business majors at Texas Tech. About 43% of this group were women, and 42% were students from an underrepresented racial-ethnic group.
The 6th most popular school in the country for general business majors who are seeking their master's degree is Maryville University of Saint Louis. Roughly 10,900 attend the school each year. The average in-state tuition for full-time undergraduates is $24,766 per year, while in-state graduate students, on average, pay $14,346 per year. For the 2020-2021 academic year, 212 master's degrees were handed out to general business majors at Maryville U. About 57% of this group were women, and 21% were students from an underrepresented racial-ethnic group.
The 7th most popular school in the country for general business majors who are seeking their master's degree is Northern Kentucky University. Each year, around 16,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $10,008 per year, while in-state graduate students, on average, pay $9,900 per year. During the 2020-2021 academic year, 210 people received their master's degree in general business from NKU. Of these students, 58% were women and 15% were members of underrepresented racial-ethnic groups.
The 8th most popular school in the country for general business majors who are seeking their master's degree is Post University. Roughly 13,800 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 2020-2021 academic year, 202 people received their master's degree in general business from Post University. Around 54% of these students were from an underrepresented racial-ethnic group, and 41% were women.
University of Wisconsin - Whitewater comes in at #9 on our list of the most popular colleges offering master's degrees in general business. Roughly 11,900 attend the school each year. The average in-state tuition for full-time undergraduates is $6,519 per year, while in-state graduate students, on average, pay $8,270 per year. For the 2020-2021 academic year, 199 master's degrees were handed out to general business majors at UW - Whitewater. About 42% of this group were women, and 14% were students from an underrepresented racial-ethnic group.
The 10th most popular school in the country for general business majors who are seeking their master's degree is University of Denver. Roughly 13,800 attend the school each year. The average in-state tuition for full-time undergraduates is $53,640 per year, while in-state graduate students, on average, pay $53,640 per year. For the 2020-2021 academic year, 195 master's degrees were handed out to general business majors at DU. Around 26% of these students were from an underrepresented racial-ethnic group, and 39% were women.
Drexel University is the 11th most popular school in the nation for students seeking a master's degree in general business. Roughly 23,500 attend the school each year. The average in-state tuition for full-time undergraduates is $54,766 per year, while in-state graduate students, on average, pay $36,234 per year. During the 2020-2021 academic year, 175 people received their master's degree in general business from Drexel. Around 28% of these students were from an underrepresented racial-ethnic group, and 45% were women.
The 12th most popular school in the country for general business majors who are seeking their master's degree is University of Louisville. Roughly 22,200 attend the school each year. The average in-state tuition for full-time undergraduates is $12,174 per year, while in-state graduate students, on average, pay $13,524 per year. During the 2020-2021 academic year, 167 people received their master's degree in general business from UofL. About 34% of this group were women, and 27% were students from an underrepresented racial-ethnic group.
Indiana University - Purdue University - Indianapolis comes in at #13 on our list of the most popular colleges offering master's degrees in general business. Each year, around 29,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $8,883 per year, while in-state graduate students, on average, pay $9,228 per year. The general business program at Indiana University - Purdue University - Indianapolis awarded 166 master's degrees during the 2020-2021 school year. About 31% of this group were women, and 24% were students from an underrepresented racial-ethnic group.
Georgia State University is the 14th most popular school in the nation for students seeking a master's degree in general business. Each year, around 36,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $7,158 per year, while in-state graduate students, on average, pay $7,164 per year. The general business program at Georgia State University awarded 165 master's degrees during the 2020-2021 school year. Of these students, 37% were women and 46% were members of underrepresented racial-ethnic groups.
University of Missouri - St Louis is the 15th most popular school in the nation for students seeking a master's degree in general business. Roughly 13,800 attend the school each year. The average in-state tuition for full-time undergraduates is $12,015 per year, while in-state graduate students, on average, pay $12,528 per year. The general business program at University of Missouri - St Louis awarded 151 master's degrees during the 2020-2021 school year. About 44% of this group were women, and 16% were students from an underrepresented racial-ethnic group.
The 16th most popular school in the country for general business majors who are seeking their master's degree is Columbia College. Roughly 8,300 attend the school each year. The average in-state tuition for full-time undergraduates is $11,636 per year, while in-state graduate students, on average, pay $8,442 per year. During the 2020-2021 academic year, 144 people received their master's degree in general business from Columbia College Missouri. About 65% of this group were women, and 26% were students from an underrepresented racial-ethnic group.
The 17th most popular school in the country for general business majors who are seeking their master's degree is Northeastern University Professional Advancement Network. Roughly 11,300 attend the school each year. The average in-state tuition for full-time undergraduates is $12,984 per year, while in-state graduate students, on average, pay $22,866 per year. For the 2020-2021 academic year, 142 master's degrees were handed out to general business majors at Northeastern University Professional Advancement Network. Of these students, 40% were women and 14% were members of underrepresented racial-ethnic groups.
The 18th most popular school in the country for general business majors who are seeking their master's degree is Northeastern University. Roughly 22,900 attend the school each year. The average in-state tuition for full-time undergraduates is $56,500 per year, while in-state graduate students, on average, pay $25,801 per year. During the 2020-2021 academic year, 141 people received their master's degree in general business from Northeastern. About 40% of this group were women, and 16% were students from an underrepresented racial-ethnic group.
The 19th most popular school in the country for general business majors who are seeking their master's degree is West Virginia University. Each year, around 26,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $9,144 per year, while in-state graduate students, on average, pay $10,332 per year. The general business program at West Virginia University awarded 135 master's degrees during the 2020-2021 school year. Of these students, 31% were women and 10% were members of underrepresented racial-ethnic groups.
The 20th most popular school in the country for general business majors who are seeking their master's degree is Florida State University. Roughly 43,500 attend the school each year. 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 123 master's degrees during the 2020-2021 school year. Of these students, 33% were women and 22% were members of underrepresented racial-ethnic groups.
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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 | 122,843 |
| Management Sciences & Methods | 29,299 |
| Accounting | 18,187 |
| Human Resource Management | 9,750 |
| Finance & Financial Management | 4,544 |
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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