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Master's Degree in Business Administration & Management

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Master’s Degrees in Business Administration & Management

128,188 Yearly Graduations
$61,300 Median Salary
$35,361 Median Debt
There are 1,168 colleges and univerities across the nation that offer a master's degree in business administration. Among those who recently graduated from the schools offering this degree, the majority were men, and 32% were students from an underrepresented racial-ethnic group. Also, 11.9% of business administration graduates were international students.

Education Levels of Business Administration Majors

During the 2018-2019 academic year, 128,188 students 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 172,408
Master’s Degree 128,188
Associate’s Degree 60,528
Basic Certificate 34,964
Undergraduate Certificate 6,490
Graduate Certificate 4,965
Doctor’s Degree 2,604

Earnings of Business Administration Majors With Master’s Degrees

The median salary for graduates holding a master's degree in business administration is $61,300. However, this can depend on a number of factors, such as where you live and the number of years experience you have.

To get a better picture, earnings for this category of people can range from a low of $53,500 to a high of $73,900.

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Student Debt

The median student debt for graduates holding a master's degree in business administration is $35,361. 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, $43,020 is the debt load, and the debt load on the low side is $30,070.

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The median monthly payment of a business administration graduate with a 10-year repayment plan is $412.

Student Diversity

More men than women pursue master's degrees in business administration. About 52.9% of graduates in this field are male.

Gender Number of Grads
Men 67,756
Women 60,432
Gender Diversity of Master's Degrees in Business Administration

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

Race/Ethnicity Number of Grads
Asian 8,462
Black or African American 17,683
Hispanic or Latino 11,512
White 61,510
International Students 15,196
Other Races/Ethnicities 13,825
Racial-Ethnic Diversity of Business Administration Master's Degree Students

There are 1,168 colleges that offer a master’s degree in business administration. Learn more about the most popular 20 below:

#1

Western Governors University

Salt Lake City, Utah
4,278 Yearly Graduations
58% Women
25% Racial-Ethnic Minorities*

The most popular school in the United States for business administration students seekinga master's degree is Western Governors University. Roughly 136,100 attend the school each year. The average in-state tuition for full-time undergraduates is $6,380 per year, while in-state graduate students, on average, pay $7,500 per year.

During the 2018-2019 academic year, 4,278 people received their master's degree in business administration from WGU. Around 25% of these students were from an underrepresented racial-ethnic group, and 58% were women.

2,259 Yearly Graduations
58% Women
57% Racial-Ethnic Minorities*

The 2nd most popular school in the country for business administration majors who are seeking their master's degree is University of Maryland Global Campus. Roughly 58,200 attend the school each year. The average in-state tuition for full-time undergraduates is $7,200 per year, while in-state graduate students, on average, pay $8,640 per year.

During the 2018-2019 academic year, 2,259 people received their master's degree in business administration from UMGC. Of these students, 58% were women and 57% were members of underrepresented racial-ethnic groups.

#3

Southern New Hampshire University

Manchester, New Hampshire
2,256 Yearly Graduations
55% Women
25% Racial-Ethnic Minorities*

The 3rd most popular school in the country for business administration majors who are seeking their master's degree is Southern New Hampshire University. Roughly 113,500 attend the school each year. The average in-state tuition for full-time undergraduates is $30,756 per year, while in-state graduate students, on average, pay $18,810 per year.

The business administration program at Southern New Hampshire University awarded 2,256 master's degrees during the 2018-2019 school year. Around 25% of these students were from an underrepresented racial-ethnic group, and 55% were women.

1,750 Yearly Graduations
59% Women
47% Racial-Ethnic Minorities*

University of Phoenix - Arizona is the 4th most popular school in the nation for students seeking a master's degree in business administration. Roughly 94,700 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 $16,752 per year.

For the 2018-2019 academic year, 1,750 master's degrees were handed out to business administration majors at UOPX - Arizona. About 59% of this group were women, and 47% were students from an underrepresented racial-ethnic group.

#5

Grand Canyon University

Phoenix, Arizona
1,713 Yearly Graduations
54% Women
45% Racial-Ethnic Minorities*

Grand Canyon University comes in at #5 on our list of the most popular colleges offering master's degrees in business administration. Roughly 96,200 attend the school each year. The average in-state tuition for full-time undergraduates is $16,419 per year, while in-state graduate students, on average, pay $10,175 per year.

During the 2018-2019 academic year, 1,713 people received their master's degree in business administration from Grand Canyon University. Around 45% of these students were from an underrepresented racial-ethnic group, and 54% were women.

#6

Webster University

Saint Louis, Missouri
1,452 Yearly Graduations
46% Women
54% Racial-Ethnic Minorities*

Webster University is the 6th most popular school in the nation for students seeking a master's degree in business administration. Roughly 9,800 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 2018-2019 academic year, 1,452 master's degrees were handed out to business administration majors at Webster. About 46% of this group were women, and 54% were students from an underrepresented racial-ethnic group.

#7

Liberty University

Lynchburg, Virginia
1,446 Yearly Graduations
49% Women
28% Racial-Ethnic Minorities*

The 7th most popular school in the country for business administration majors who are seeking their master's degree is Liberty University. Roughly 85,500 attend the school each year. The average in-state tuition for full-time undergraduates is $15,417 per year, while in-state graduate students, on average, pay $7,980 per year.

For the 2018-2019 academic year, 1,446 master's degrees were handed out to business administration majors at Liberty University. Around 28% of these students were from an underrepresented racial-ethnic group, and 49% were women.

#8

University of Chicago

Chicago, Illinois
1,225 Yearly Graduations
32% Women
25% Racial-Ethnic Minorities*

University of Chicago comes in at #8 on our list of the most popular colleges offering master's degrees in business administration. Roughly 17,400 attend the school each year. The average in-state tuition for full-time undergraduates is $57,642 per year, while in-state graduate students, on average, pay $60,300 per year.

During the 2018-2019 academic year, 1,225 people received their master's degree in business administration from UChicago. About 32% of this group were women, and 25% were students from an underrepresented racial-ethnic group.

1,221 Yearly Graduations
41% Women
23% Racial-Ethnic Minorities*

Columbia University in the City of New York is the 9th most popular school in the nation for students seeking a master's degree in business administration. Roughly 31,400 attend the school each year. The average in-state tuition for full-time undergraduates is $57,763 per year, while in-state graduate students, on average, pay $47,600 per year.

For the 2018-2019 academic year, 1,221 master's degrees were handed out to business administration majors at Columbia. Around 23% of these students were from an underrepresented racial-ethnic group, and 41% were women.

#10

Columbia Southern University

Orange Beach, Alabama
1,211 Yearly Graduations
51% Women
55% Racial-Ethnic Minorities*

Columbia Southern University comes in at #10 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 20,000 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $5,520 per year, while in-state graduate students, on average, pay $3,780 per year.

The business administration program at Columbia Southern University awarded 1,211 master's degrees during the 2018-2019 school year. Around 55% of these students were from an underrepresented racial-ethnic group, and 51% were women.

#11

Ashford University

San Diego, California
1,207 Yearly Graduations
58% Women
57% Racial-Ethnic Minorities*

Ashford University comes in at #11 on our list of the most popular colleges offering master's degrees in business administration. Roughly 32,600 attend the school each year. The average in-state tuition for full-time undergraduates is $11,640 per year, while in-state graduate students, on average, pay $12,060 per year.

During the 2018-2019 academic year, 1,207 people received their master's degree in business administration from Ashford University. Of these students, 58% were women and 57% were members of underrepresented racial-ethnic groups.

#12

Harvard University

Cambridge, Massachusetts
1,165 Yearly Graduations
44% Women
29% Racial-Ethnic Minorities*

Harvard University comes in at #12 on our list of the most popular colleges offering master's degrees in business administration. Roughly 31,600 attend the school each year. The average in-state tuition for full-time undergraduates is $47,730 per year, while in-state graduate students, on average, pay $48,008 per year.

During the 2018-2019 academic year, 1,165 people received their master's degree in business administration from Harvard. Of these students, 44% were women and 29% were members of underrepresented racial-ethnic groups.

#13

Louisiana State University - Shreveport

Shreveport, Louisiana
1,126 Yearly Graduations
46% Women
31% Racial-Ethnic Minorities*

Louisiana State University - Shreveport comes in at #13 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 8,500 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 2018-2019 academic year, 1,126 people received their master's degree in business administration from Louisiana State University - Shreveport. Around 31% of these students were from an underrepresented racial-ethnic group, and 46% were women.

#14

New York University

New York, New York
1,042 Yearly Graduations
38% Women
25% Racial-Ethnic Minorities*

The 14th most popular school in the country for business administration majors who are seeking their master's degree is New York University. Roughly 52,800 attend the school each year. The average in-state tuition for full-time undergraduates is $50,684 per year, while in-state graduate students, on average, pay $33,408 per year.

The business administration program at New York University awarded 1,042 master's degrees during the 2018-2019 school year. Around 25% of these students were from an underrepresented racial-ethnic group, and 38% were women.

#15

DeVry University - Illinois

Chicago, Illinois
1,031 Yearly Graduations
60% Women
46% Racial-Ethnic Minorities*

DeVry University - Illinois comes in at #15 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 18,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,663 per year, while in-state graduate students, on average, pay $17,072 per year.

The business administration program at DeVry University - Illinois awarded 1,031 master's degrees during the 2018-2019 school year. Of these students, 60% were women and 46% were members of underrepresented racial-ethnic groups.

#16

Duke University

Durham, North Carolina
960 Yearly Graduations
36% Women
21% Racial-Ethnic Minorities*

The 16th most popular school in the country for business administration majors who are seeking their master's degree is Duke University. Roughly 16,600 attend the school each year. The average in-state tuition for full-time undergraduates is $55,880 per year, while in-state graduate students, on average, pay $55,680 per year.

During the 2018-2019 academic year, 960 people received their master's degree in business administration from Duke. Of these students, 36% were women and 21% were members of underrepresented racial-ethnic groups.

#17

University of North Carolina at Chapel Hill

Chapel Hill, North Carolina
913 Yearly Graduations
29% Women
22% Racial-Ethnic Minorities*

The 17th most popular school in the country for business administration majors who are seeking their master's degree is University of North Carolina at Chapel Hill. Each year, around 29,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $7,019 per year, while in-state graduate students, on average, pay $10,552 per year.

The business administration program at University of North Carolina at Chapel Hill awarded 913 master's degrees during the 2018-2019 school year. About 29% of this group were women, and 22% were students from an underrepresented racial-ethnic group.

855 Yearly Graduations
60% Women
41% Racial-Ethnic Minorities*

Colorado Technical University - Colorado Springs comes in at #18 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 27,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,896 per year, while in-state graduate students, on average, pay $13,710 per year.

For the 2018-2019 academic year, 855 master's degrees were handed out to business administration majors at Colorado Technical University - Colorado Springs. Of these students, 60% were women and 41% were members of underrepresented racial-ethnic groups.

#19

University of California - Los Angeles

Los Angeles, California
829 Yearly Graduations
33% Women
37% Racial-Ethnic Minorities*

University of California - Los Angeles comes in at #19 on our list of the most popular colleges offering master's degrees in business administration. Each year, around 44,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year.

For the 2018-2019 academic year, 829 master's degrees were handed out to business administration majors at UCLA. About 33% of this group were women, and 37% were students from an underrepresented racial-ethnic group.

#20

Strayer University - Global Region

Washington, District of Columbia
828 Yearly Graduations
54% Women
52% Racial-Ethnic Minorities*

Strayer University - Global Region is the 20th most popular school in the nation for students seeking a master's degree in business administration. Roughly 11,600 attend the school each year. 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 2018-2019 academic year, 828 people received their master's degree in business administration from Strayer University - Global Region. Of these students, 54% were women and 52% were members of underrepresented racial-ethnic groups.

Business Administration Concentrations

Major Annual Degrees Awarded
Business Administration & Management 110,756
Organizational Leadership 6,280
Interior Design Management 5,615
Non-Profit Organizational Management 1,937
Project Management 1,231

Below are some popular majors that are similar to business administration that offer master’s degrees.

Major Annual Degrees Awarded
Accounting 20,770
Management Sciences & Methods 12,583
Business & Commerce 9,486
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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