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Master's Degree in General Business/Commerce

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Master’s Degrees in General Business/Commerce

8,782 Yearly Graduations
$68,950 Median Salary
$35,170 Median Debt
A master's degree in general business is offered at 123 colleges in the United States. Among those who recently graduated from the schools offering this degree, the majority were men, and 23% were students from an underrepresented racial-ethnic group. Also, 14.5% of general business graduates were international students.

Education Levels of General Business Majors

During the 2019-2020 academic year, 8,782 students earned their master's degree in general business. This makes it the 4th 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 24,866
Associate Degree 17,132
Master’s Degree 8,782
Basic Certificate 2,528
Undergraduate Certificate 1,693
Graduate Certificate 481
Doctor’s Degree 267

Earnings of General Business Majors With Master’s Degrees

The median salary for graduates holding a master's degree in general business is $68,950. 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 $57,350 and the high is $82,025.


Student Debt

The median student debt for graduates holding a master's degree in general business is $35,170. 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, $42,779 is the debt load, and the debt load on the low side is $29,500.


The median monthly payment of a general business graduate with a 10-year repayment plan is $410.

Student Diversity

More men than women pursue master's degrees in general business. About 58.0% of graduates in this field are male.

Gender Number of Grads
Men 5,096
Women 3,686

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

Race/Ethnicity Number of Grads
Asian 557
Black or African American 695
Hispanic or Latino 515
White 4,972
International Students 1,274
Other Races/Ethnicities 769

There are 123 colleges that offer a master’s degree in general business. Learn more about the most popular 20 below:

General Business Concentrations

Major Annual Degrees Awarded
General Business & Commerce 8,782

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

Major Annual Degrees Awarded
Business Administration & Management 121,330
Management Sciences & Methods 23,091
Accounting 19,027
Human Resource Management 9,112
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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