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Master's Degree in Business Administration & Management

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Master’s Degrees in Business Administration & Management

121,330 Yearly Graduations
$61,300 Median Salary
$35,361 Median Debt
A master's degree in business administration is offered at 1,168 colleges in the United States. This degree is more popular with male students, and about 33% of recent graduates were from an underrepresented racial-ethnic group. Also, 10.3% of business administration graduates were international students.

Education Levels of Business Administration Majors

During the 2019-2020 academic year, 121,330 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 169,868
Master’s Degree 121,330
Associate Degree 60,445
Basic Certificate 38,749
Undergraduate Certificate 6,565
Graduate Certificate 5,311
Doctor’s Degree 2,466

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. A lot of factors can contribute to this number, such as the location of your workplace and the availability of other perks and bonuses. 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.


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.


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 51.5% of graduates in this field are male.

Gender Number of Grads
Men 62,505
Women 58,825

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

Race/Ethnicity Number of Grads
Asian 7,772
Black or African American 16,678
Hispanic or Latino 11,713
White 59,415
International Students 12,448
Other Races/Ethnicities 13,304

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

Business Administration Concentrations

Major Annual Degrees Awarded
Business Administration & Management 104,189
Organizational Leadership 6,433
Interior Design Management 5,132
Non-Profit Organizational Management 1,902
Project Management 1,360

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

Major Annual Degrees Awarded
Management Sciences & Methods 23,091
Accounting 19,027
Human Resource Management 9,112
Business & Commerce 8,782
Finance & Financial Management 5,353


*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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