Master’s Degrees in Business Administration & Management
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Education Levels of Business Administration Majors
In 2020-2021, 122,843 earned their master's degree in business administration. This makes it the 1st most popular master's degree program in the country.
The following table shows the number of diplomas awarded in business administration at each degree level.
| Education Level | Number of Grads |
|---|---|
| Bachelor’s Degree | 174,534 |
| Master’s Degree | 122,843 |
| Associate Degree | 63,763 |
| Basic Certificate | 40,893 |
| Graduate Certificate | 5,948 |
| Undergraduate Certificate | 5,845 |
| Doctor’s Degree | 2,764 |
Earnings of Business Administration Majors With Master’s Degrees
The median salary for graduates holding a master's degree in business administration is $63,566. 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 $54,989 and the high is $76,940.
Student Debt
We do not have the data to calculate the median and range of debt loads for business administration students who are master's degree holders.
Student Diversity
More men than women pursue master's degrees in business administration. About 51.1% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 62,803 |
| Women | 60,040 |
The racial-ethnic distribution of business administration master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 7,878 |
| Black or African American | 16,959 |
| Hispanic or Latino | 12,872 |
| White | 60,058 |
| International Students | 10,736 |
| Other Races/Ethnicities | 14,340 |
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:
The most popular school in the United States for business administration students seekinga master's degree is Western Governors University. Each year, around 147,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $7,162 per year, while in-state graduate students, on average, pay $7,500 per year. During the 2020-2021 academic year, 4,830 people received their master's degree in business administration from WGU. Of these students, 56% were women and 27% were members of underrepresented racial-ethnic groups.
The 2nd most popular school in the country for business administration majors who are seeking their master's degree is Southern New Hampshire University. Roughly 134,300 attend the school each year. The average in-state tuition for full-time undergraduates is $15,000 per year, while in-state graduate students, on average, pay $18,900 per year. The business administration program at Southern New Hampshire University awarded 2,271 master's degrees during the 2020-2021 school year. About 55% of this group were women, and 29% were students from an underrepresented racial-ethnic group.
Louisiana State University - Shreveport is the 3rd most popular school in the nation for students seeking a master's degree in business administration. Each year, around 9,900 students seeking various degrees attend the university. 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 2020-2021 academic year, 2,249 people received their master's degree in business administration from Louisiana State University - Shreveport. Around 30% of these students were from an underrepresented racial-ethnic group, and 47% were women.
University of Phoenix - Arizona comes in at #4 on our list of the most popular colleges offering master's degrees in business administration. Roughly 89,700 attend the school each year. The average in-state tuition for full-time undergraduates is $9,552 per year, while in-state graduate students, on average, pay $16,153 per year. The business administration program at University of Phoenix - Arizona awarded 2,219 master's degrees during the 2020-2021 school year. Of these students, 62% were women and 50% were members of underrepresented racial-ethnic groups.
University of Maryland Global Campus comes in at #5 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 58,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $7,344 per year, while in-state graduate students, on average, pay $9,072 per year. During the 2020-2021 academic year, 2,081 people received their master's degree in business administration from UMGC. About 59% of this group were women, and 55% were students from an underrepresented racial-ethnic group.
The 6th most popular school in the country for business administration majors who are seeking their master's degree is Grand Canyon University. Each year, around 103,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $16,401 per year, while in-state graduate students, on average, pay $10,621 per year. For the 2020-2021 academic year, 1,793 master's degrees were handed out to business administration majors at Grand Canyon University. Around 46% of these students were from an underrepresented racial-ethnic group, and 55% were women.
Liberty University is the 7th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 93,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $15,409 per year, while in-state graduate students, on average, pay $7,847 per year. The business administration program at Liberty University awarded 1,586 master's degrees during the 2020-2021 school year. Around 29% of these students were from an underrepresented racial-ethnic group, and 42% were women.
The University of Arizona Global Campus comes in at #8 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 31,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $13,280 per year, while in-state graduate students, on average, pay $13,720 per year. The business administration program at The University of Arizona Global Campus awarded 1,353 master's degrees during the 2020-2021 school year. Around 51% of these students were from an underrepresented racial-ethnic group, and 57% were women.
Columbia Southern University is the 9th most popular school in the nation for students seeking a master's degree in business administration. Roughly 18,500 attend the school each year. The average in-state tuition for full-time undergraduates is $5,640 per year, while in-state graduate students, on average, pay $3,900 per year. The business administration program at Columbia Southern University awarded 1,241 master's degrees during the 2020-2021 school year. Around 35% of these students were from an underrepresented racial-ethnic group, and 55% were women.
Webster University is the 10th most popular school in the nation for students seeking a master's degree in business administration. Roughly 8,100 attend the school each year. The average in-state tuition for full-time undergraduates is $28,500 per year, while in-state graduate students, on average, pay $13,500 per year. For the 2020-2021 academic year, 1,192 master's degrees were handed out to business administration majors at Webster. Around 52% of these students were from an underrepresented racial-ethnic group, and 51% were women.
University of Illinois at Urbana-Champaign is the 11th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 52,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,446 per year, while in-state graduate students, on average, pay $14,635 per year. During the 2020-2021 academic year, 1,079 people received their master's degree in business administration from UIUC. About 33% of this group were women, and 30% were students from an underrepresented racial-ethnic group.
Strayer University - Global Region comes in at #12 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 10,400 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $13,320 per year, while in-state graduate students, on average, pay $14,940 per year. During the 2020-2021 academic year, 1,065 people received their master's degree in business administration from Strayer University - Global Region. Of these students, 53% were women and 57% were members of underrepresented racial-ethnic groups.
The 13th most popular school in the country for business administration majors who are seeking their master's degree is Colorado Technical University - Colorado Springs. Each year, around 28,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,939 per year, while in-state graduate students, on average, pay $13,683 per year. The business administration program at Colorado Technical University - Colorado Springs awarded 950 master's degrees during the 2020-2021 school year. Of these students, 67% were women and 37% were members of underrepresented racial-ethnic groups.
DeVry University - Illinois comes in at #14 on our list of the most popular colleges offering master's degrees in business administration. Roughly 20,800 attend the school each year. 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. The business administration program at DeVry University - Illinois awarded 921 master's degrees during the 2020-2021 school year. Of these students, 61% were women and 45% were members of underrepresented racial-ethnic groups.
Harvard University is the 15th most popular school in the nation for students seeking a master's degree in business administration. Roughly 30,300 attend the school each year. The average in-state tuition for full-time undergraduates is $51,143 per year, while in-state graduate students, on average, pay $50,928 per year. During the 2020-2021 academic year, 897 people received their master's degree in business administration from Harvard. Of these students, 45% were women and 38% were members of underrepresented racial-ethnic groups.
American Public University System is the 16th most popular school in the nation for students seeking a master's degree in business administration. Roughly 50,000 attend the school each year. The average in-state tuition for full-time undergraduates is $6,840 per year, while in-state graduate students, on average, pay $6,660 per year. During the 2020-2021 academic year, 888 people received their master's degree in business administration from American Military University. Around 40% of these students were from an underrepresented racial-ethnic group, and 37% were women.
The 17th most popular school in the country for business administration majors who are seeking their master's degree is University of Michigan - Ann Arbor. Each year, around 47,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $16,865 per year, while in-state graduate students, on average, pay $24,902 per year. The business administration program at University of Michigan - Ann Arbor awarded 841 master's degrees during the 2020-2021 school year. Of these students, 40% were women and 23% were members of underrepresented racial-ethnic groups.
Duke University comes in at #18 on our list of the most popular colleges offering master's degrees in business administration. Roughly 16,100 attend the school each year. The average in-state tuition for full-time undergraduates is $58,085 per year, while in-state graduate students, on average, pay $57,900 per year. For the 2020-2021 academic year, 764 master's degrees were handed out to business administration majors at Duke. Of these students, 40% were women and 27% were members of underrepresented racial-ethnic groups.
University of Florida comes in at #19 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 53,300 students seeking various degrees attend the university. 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. For the 2020-2021 academic year, 759 master's degrees were handed out to business administration majors at UF. About 46% of this group were women, and 35% were students from an underrepresented racial-ethnic group.
Capella University is the 20th most popular school in the nation for students seeking a master's degree in business administration. Each year, around 38,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,148 per year, while in-state graduate students, on average, pay $14,784 per year. For the 2020-2021 academic year, 746 master's degrees were handed out to business administration majors at Capella University. Around 39% of these students were from an underrepresented racial-ethnic group, and 64% were women.
Business Administration Concentrations
| Major | Annual Degrees Awarded |
|---|---|
| Business Administration & Management | 105,796 |
| Organizational Leadership | 7,089 |
| Interior Design Management | 3,867 |
| Non-Profit Organizational Management | 1,779 |
| Project Management | 1,583 |
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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 | 29,299 |
| Accounting | 18,187 |
| Human Resource Management | 9,750 |
| Business & Commerce | 8,488 |
| 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.
More about our data sources and methodologies.
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