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2021 Best Business Administration & Management Master's Degree Schools

1,133 Colleges
$65,897 Avg Salary
$39,133 Avg Student Debt

Finding the Best Business Administration & Management Master's Degree School for You

Business Administration & Management is the most popular major in the United States with 410,147 degrees and certificates handed out in 2018-2019.

It's not easy to decide which business program to enroll in when you have so many options available. You're no longer limited to schools in your local area, either, since online programs are becoming more prevalent. Or you may find the programs at a trade school to be a better alternative for you.

To help you arm yourself with the information you need to make your decision, Business Degree Central has developed this Best Business Administration & Management Master's Degree Schools ranking. Our analysis looked at 1,133 schools in the United States to see which master's degree programs offered the best educational experiences for business students. The factors used to develop this ranking include those related to how in-demand the school is, the overall quality of the school, and post-graduation wages, and more.

View our full ranking methodology.

2021 Best Business Administration & Management Master’s Degree Schools in the United States

The colleges and universities below are the best for business administration majors pursuing a master's degree.

Top 25 Top Schools for a Master's in Business Administration

#1

Stanford University

Stanford, CA

Our 2021 rankings named Stanford University the best school in the United States for business administration and management students working on their master’s degree. Located in the large suburb of Stanford, Stanford is a private not-for-profit college with a large student population.

While working on their Master's Degree, business administration majors at Stanford accumulate an average of around $58,332 in student debt. The average monthly payment of a loan this size is about $478, assuming that the borrower is on a 10-year repayment plan.

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#2

Duke University

Durham, NC

You’ll be in good company if you decide to attend Duke University. It ranked #2 on our 2021 Best Business Administration & Management Master’s Degree Schools list. Duke is a large private not-for-profit school located in the city of Durham.

While working on their Master's Degree, business administration majors at Duke accumulate an average of around $81,571 in student debt. The average monthly payment of a loan this size is about $845, assuming that the borrower is on a 10-year repayment plan.

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#3

Brown University

Providence, RI

A rank of #3 on this year’s list means Brown University is a great place for business administration and management students working on their master’s degree. Located in the midsize city of Providence, Brown is a private not-for-profit school with a fairly large student population.

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#4

University of Chicago

Chicago, IL

Out of the 971 schools in the United States that were part of this year’s ranking, University of Chicago landed the # 4 spot on the list. Located in the city of Chicago, UChicago is a private not-for-profit college with a large student population.

The average amount in student loans that business administration majors at UChicago take out while working on their Master's Degree is $90,174. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $928.

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#5

Dartmouth College

Hanover, NH

The excellent master’s degree programs at Dartmouth College helped the school earn the #5 place on this year’s ranking of the best business administration and management schools in the United States. Dartmouth is a medium-sized private not-for-profit school located in the town of Hanover.

While working on their Master's Degree, business administration majors at Dartmouth accumulate an average of around $64,591 in student debt. The average monthly payment of a loan this size is about $478, assuming that the borrower is on a 10-year repayment plan.

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#6

University of Notre Dame

Notre Dame, IN

With a ranking of #6, University of Notre Dame did quite well on this year’s best schools for business administration and management students working on their master’s degree. Notre Dame is a large private not-for-profit school located in the large suburb of Notre Dame.

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#7

Cornell University

Ithaca, NY

Cornell University landed the #7 spot in the 2021 rankings for the best master’s degree business administration and management programs. Cornell is a very large private not-for-profit school located in the small city of Ithaca.

After completing their Master's Degree, business administration graduates from Cornell carry an average student debtload of $97,863. This translates to an average monthly loan payment of $1,222, based on a 10-year repayment plan.

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#8

University of Pennsylvania

Philadelphia, PA

University of Pennsylvania did quite well in this year’s ranking of the best places for business administration and management students to get a master’s degree. It came in at #8 on the list. UPenn is a very large private not-for-profit school located in the city of Philadelphia.

Business Administration majors at UPenn take out an average of $83,737 in student loans while working on their Master's Degree. The average monthly payment of a loan this size is about $478, assuming that the borrower is on a 10-year repayment plan.

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#9

Yale University

New Haven, CT

Yale University did quite well in this year’s ranking of the best places for business administration and management students to get a master’s degree. It came in at #9 on the list. Yale is a large private not-for-profit school located in the midsize city of New Haven.

After completing their Master's Degree, business administration graduates from Yale carry an average student debtload of $85,340. The average monthly payment of a loan this size is about $930, assuming that the borrower is on a 10-year repayment plan.

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#10

Northwestern University

Evanston, IL

Northwestern University did quite well in this year’s ranking of the best places for business administration and management students to get a master’s degree. It came in at #10 on the list. Located in the city of Evanston, Northwestern U is a private not-for-profit school with a very large student population.

After completing their Master's Degree, business administration graduates from Northwestern U carry an average student debtload of $116,420. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $1,472.

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#11

Rice University

Houston, TX

Rice University ranked #11 on this year’s Best Business Administration & Management Master’s Degree Schools list. Rice is a moderately-sized private not-for-profit school located in the large city of Houston.

Business Administration majors at Rice take out an average of $38,028 in student loans while working on their Master's Degree. For students who choose a 10-year repayment plan, the average monthly student loan payment is $411.

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University of Michigan - Ann Arbor landed the #12 spot in the 2021 rankings for the best master’s degree business administration and management programs. Located in the city of Ann Arbor, U of Michigan is a public school with a very large student population.

While working on their Master's Degree, business administration majors at U of Michigan accumulate an average of around $72,511 in student debt. The average monthly payment of a loan this size is about $572, assuming that the borrower is on a 10-year repayment plan.

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#13

University of Virginia - Main Campus

Charlottesville, VA

University of Virginia - Main Campus ranked #13 on this year’s Best Business Administration & Management Master’s Degree Schools list. Located in the small suburb of Charlottesville, University of Virginia is a public college with a fairly large student population.

The average amount in student loans that business administration majors at University of Virginia take out while working on their Master's Degree is $99,691. The average monthly payment of a loan this size is about $1,098, assuming that the borrower is on a 10-year repayment plan.

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#14

Emory University

Atlanta, GA

Emory University came in at #14 in this year’s edition of the Best Business Administration & Management Master’s Degree Schools ranking. Emory is a fairly large private not-for-profit school located in the city of Atlanta.

On average, business administration graduates from Emory take out $66,371 in student loans while working on their Master's Degree. This translates to an average monthly loan payment of $712, based on a 10-year repayment plan.

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#15

Lehigh University

Bethlehem, PA

Lehigh University ranked #15 on this year’s Best Business Administration & Management Master’s Degree Schools list. Lehigh is a moderately-sized private not-for-profit school located in the city of Bethlehem.

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With a ranking of #16, Columbia University in the City of New York did quite well on this year’s best schools for business administration and management students working on their master’s degree. Located in the city of New York, Columbia is a private not-for-profit school with a very large student population.

The average amount in student loans that business administration majors at Columbia take out while working on their Master's Degree is $94,455. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $717.

Full Business Administration & Management at Columbia University in the City of New York Report

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University of North Carolina at Chapel Hill came in at #17 in this year’s edition of the Best Business Administration & Management Master’s Degree Schools ranking. UNC Chapel Hill is a very large public school located in the city of Chapel Hill.

After completing their Master's Degree, business administration graduates from UNC Chapel Hill carry an average student debtload of $81,154. The average monthly payment of a loan this size is about $881, assuming that the borrower is on a 10-year repayment plan.

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University of California - Berkeley came in at #18 in this year’s edition of the Best Business Administration & Management Master’s Degree Schools ranking. UC Berkeley is a fairly large public school located in the medium-sized city of Berkeley.

The average amount in student loans that business administration majors at UC Berkeley take out while working on their Master's Degree is $74,906. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $714.

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University of California - Los Angeles ranked #19 on this year’s Best Business Administration & Management Master’s Degree Schools list. UCLA is a fairly large public school located in the large city of Los Angeles.

Business Administration majors at UCLA take out an average of $91,219 in student loans while working on their Master's Degree. For students who choose a 10-year repayment plan, the average monthly student loan payment is $938.

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#19

Carnegie Mellon University

Pittsburgh, PA

Carnegie Mellon University came in at #19 in this year’s edition of the Best Business Administration & Management Master’s Degree Schools ranking. Located in the large city of Pittsburgh, Carnegie Mellon is a private not-for-profit school with a fairly large student population.

After completing their Master's Degree, business administration graduates from Carnegie Mellon carry an average student debtload of $90,513. The average monthly payment of a loan this size is about $1,119, assuming that the borrower is on a 10-year repayment plan.

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Georgia Institute of Technology - Main Campus ranked #21 on this year’s Best Business Administration & Management Master’s Degree Schools list. Located in the city of Atlanta, Georgia Tech is a public college with a fairly large student population.

After completing their Master's Degree, business administration graduates from Georgia Tech carry an average student debtload of $72,518. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $916.

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With a ranking of #22, The University of Texas at Austin did quite well on this year’s best schools for business administration and management students working on their master’s degree. UT Austin is a fairly large public school located in the large city of Austin.

The average amount in student loans that business administration majors at UT Austin take out while working on their Master's Degree is $69,552. For students who choose a 10-year repayment plan, the average monthly student loan payment is $804.

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#23

Vanderbilt University

Nashville, TN

Vanderbilt University came in at #23 in this year’s edition of the Best Business Administration & Management Master’s Degree Schools ranking. Vanderbilt is a large private not-for-profit school located in the city of Nashville.

Business Administration majors at Vanderbilt take out an average of $86,160 in student loans while working on their Master's Degree. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $1,023.

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Lake Forest Graduate School of Management came in at #24 in this year’s edition of the Best Business Administration & Management Master’s Degree Schools ranking. Located in the suburb of Lake Forest, Lake Forest Graduate School of Management is a private not-for-profit college with a fairly small student population.

While working on their Master's Degree, business administration majors at Lake Forest Graduate School of Management accumulate an average of around $42,506 in student debt. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $505.

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#25

Harvard University

Cambridge, MA

Harvard University landed the #25 spot in the 2021 rankings for the best master’s degree business administration and management programs. Harvard is a fairly large private not-for-profit school located in the midsize city of Cambridge.

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Rest of the Top 50 Best Business Administration & Management Master's Degree Schools

#26

Georgetown University

Washington, DC
#28

Villanova University

Villanova, PA
#29

New York University

New York, NY
#30

Babson College

Wellesley, MA
#34

Boston College

Chestnut Hill, MA
#35

Virginia Tech

Blacksburg, VA
#36

University of Richmond

University of Richmond, VA
#37

Bentley University

Waltham, MA
#39

Boston University

Boston, MA
#40

Santa Clara University

Santa Clara, CA
#46

Michigan State University

East Lansing, MI
#49

Fairfield University

Fairfield, CT
#50

George Washington University

Washington, DC

Additional Award Winners

This section represents the rest of the colleges awarded a Best Business Administration & Management Master's Degree Schools badge. Showing in this list means the college was ranked in the top 15% of the 1133 different United States business administration and management schools we analyzed.

Rank College Location
51 Johns Hopkins University Baltimore, MD
52 University of Georgia Athens, GA
53 University of Minnesota - Twin Cities Minneapolis, MN
54 Bryant University Smithfield, RI
55 Pennsylvania State University - Great Valley Malvern, PA
56 Rutgers University - Newark Newark, NJ
57 Marquette University Milwaukee, WI
58 University of Connecticut Storrs, CT
59 Endicott College Beverly, MA
60 University of Massachusetts Amherst Amherst, MA
61 Saint Mary’s College of California Moraga, CA
62 Kettering University Flint, MI
63 Ohio State University - Main Campus Columbus, OH
64 Cleary University Howell, MI
65 Seton Hall University South Orange, NJ
66 Southern Methodist University Dallas, TX
67 Wake Forest University Winston-Salem, NC
68 Auburn University Auburn, AL
69 University of Washington - Tacoma Campus Tacoma, WA
70 University of Rochester Rochester, NY
71 Loyola University Maryland Baltimore, MD
72 University of Delaware Newark, DE
73 University of Management and Technology Arlington, VA
74 Milwaukee School of Engineering Milwaukee, WI
75 University of Iowa Iowa City, IA
76 Texas Christian University Fort Worth, TX
77 University of Maryland - College Park College Park, MD
78 James Madison University Harrisonburg, VA
79 Elizabethtown College Elizabethtown, PA
80 Rensselaer Polytechnic Institute Troy, NY
81 Purdue University - Main Campus West Lafayette, IN
82 University of Washington - Bothell Campus Bothell, WA
83 University of Florida Gainesville, FL
84 University of Pittsburgh - Pittsburgh Campus Pittsburgh, PA
85 University of Northern Iowa Cedar Falls, IA
86 Rutgers University - Camden Camden, NJ
87 Citadel Military College of South Carolina Charleston, SC
88 University of Nebraska - Lincoln Lincoln, NE
89 Brigham Young University - Provo Provo, UT
90 College of William and Mary Williamsburg, VA
91 The University of Tennessee - Knoxville Knoxville, TN
92 Pennsylvania State University - University Park University Park, PA
93 University of California - Davis Davis, CA
94 Judson University Elgin, IL
95 Creighton University Omaha, NE
96 Washington State University Pullman, WA
97 Saint Louis University Saint Louis, MO
98 Quinnipiac University Hamden, CT
99 Baylor University Waco, TX
100 Fordham University Bronx, NY
101 Pennsylvania State University - Erie - Behrend College Erie, PA
102 Lebanon Valley College Annville, PA
103 Case Western Reserve University Cleveland, OH
104 University of Scranton Scranton, PA
105 Gonzaga University Spokane, WA
106 University of Redlands Redlands, CA
107 North Carolina State University Raleigh, NC
108 Pepperdine University Malibu, CA
109 West Chester University of Pennsylvania West Chester, PA
110 Ithaca College Ithaca, NY
111 Marist College Poughkeepsie, NY
112 Syracuse University Syracuse, NY
113 Providence College Providence, RI
114 American University Washington, DC
115 University of South Carolina - Columbia Columbia, SC
116 University of Wisconsin - La Crosse La Crosse, WI
117 Yeshiva University New York, NY
118 Roger Williams University Bristol, RI
119 Drake University Des Moines, IA
120 Winona State University Winona, MN
121 George Mason University Fairfax, VA
122 University of Wisconsin - Oshkosh Oshkosh, WI
123 University of Hartford West Hartford, CT
124 Pennsylvania State University - World Campus University Park, PA
125 Miami University - Oxford Oxford, OH
126 Norwich University Northfield, VT
127 Clemson University Clemson, SC
128 University of California - San Diego La Jolla, CA
129 Trine University-Regional/Non-Traditional Campuses Fort Wayne, IN
130 Clarkson University Potsdam, NY
131 Ramapo College of New Jersey Mahwah, NJ
132 Merrimack College North Andover, MA
133 Embry - Riddle Aeronautical University - Worldwide Daytona Beach, FL
134 Xavier University Cincinnati, OH
135 University of North Dakota Grand Forks, ND
136 Missouri University of Science and Technology Rolla, MO
137 University of Mary Bismarck, ND
138 Marian University Fond Du Lac, WI
139 University of Wisconsin - Platteville Platteville, WI
140 The University of Texas of the Permian Basin Odessa, TX
141 University of San Diego San Diego, CA
142 Temple University Philadelphia, PA
143 University of Houston Houston, TX
144 Arizona State University - Tempe Tempe, AZ
145 Northern Illinois University Dekalb, IL

Honorable Mentions

These are some additional schools worth mentioning that are also great but just didn't quite make the cut to earn our top Best Business Administration & Management Master's Degree Schools award.

Rank College Location
146 Duquesne University Pittsburgh, PA
147 University of Vermont Burlington, VT
148 Saint Norbert College De Pere, WI
149 Baldwin Wallace University Berea, OH
150 University of Kansas Lawrence, KS
151 Rider University Lawrenceville, NJ
152 Bethel University Minnesota Saint Paul, MN
153 DePaul University Chicago, IL
154 University of the Pacific Stockton, CA
155 Saint Ambrose University Davenport, IA
156 University of Miami Coral Gables, FL
157 Colorado State University - Fort Collins Fort Collins, CO
158 Baker University Baldwin City, KS
159 Lawrence Technological University Southfield, MI
160 University of Wisconsin - Eau Claire Eau Claire, WI
161 Bradley University Peoria, IL
162 Catholic University of America Washington, DC
163 Binghamton University Vestal, NY
164 Moravian College Bethlehem, PA
165 York College of Pennsylvania York, PA
166 University of California - Irvine Irvine, CA
167 Iowa State University Ames, IA
168 Towson University Towson, MD
169 Elon University Elon, NC
170 Embry Riddle Aeronautical University - Daytona Beach Daytona Beach, FL
171 Western New England University Springfield, MA
172 University of Arkansas Fayetteville, AR
173 Holy Family University Philadelphia, PA
174 DeSales University Center Valley, PA
175 The University of Texas at Dallas Richardson, TX
176 Seattle University Seattle, WA
177 New Jersey Institute of Technology Newark, NJ
178 University of Mary Washington Fredericksburg, VA
179 Kansas State University Manhattan, KS
180 Hofstra University Hempstead, NY
181 University of San Francisco San Francisco, CA
182 Loras College Dubuque, IA
183 Bridgewater State University Bridgewater, MA
184 Messiah University Mechanicsburg, PA
185 Truman State University Kirksville, MO
186 Assumption University Worcester, MA
187 Saint Vincent College Latrobe, PA
188 Minnesota State University - Mankato Mankato, MN
189 Fitchburg State University Fitchburg, MA
190 University of Dayton Dayton, OH
191 Walsh College of Accountancy and Business Administration Troy, MI
192 University of Arizona Tucson, AZ
192 Emmanuel College Massachusetts Boston, MA
194 John Brown University Siloam Springs, AR

Business Administration & Management by Region

View the Best Business Administration & Management Master's Degree Schools for a specific region near you.

Region
Southeast
New England
Rocky Mountains
Plains States
Middle Atlantic
Far Western US
Southwest
Great Lakes

Business Administration & Management is one of 21 different types of business programs to choose from.

Business Administration Concentrations

Major Annual Graduates
General Business Administration and Management 350,924
Interior Design Management 16,189
Organizational Leadership 12,591
Supply Chain Management 9,732
Operations Management 5,802
Office Administration 5,025
Project Management 3,344
Non-Profit/Public/Organizational Management 3,071
Purchasing, Procurement/Acquisitions and Contracts Management 1,294
Retail Management 833
Transportation/Mobility Management 731
E-Commerce 233
Research and Development Management 194
Customer Service Management 184

Related Major Annual Graduates
Accounting 105,123
General Business/Commerce 58,451
Finance & Financial Management 56,186
Marketing 51,241
Human Resource Management 26,823

Notes and References

*These averages are for the top 25 schools only.

  • Read more about our ranking methodology.
  • The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of the rest of our data about colleges.
  • Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).

More about our data sources and methodologies.

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