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Small Business Administration Major

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Small Business Administration

260 Bachelor's Degrees Annually
16 Master's Degrees Annually
#65 in Popularity
$115,590 Median Salary

Types of Degrees Small Business Administration Majors Are Getting

The following table lists how many small business administration/management graduations there were in 2018-2019 for each degree level.

Education Level Number of Grads
Basic Certificate 886
Associate’s Degree 495
Bachelor’s Degree 260
Undergraduate Certificate 193
Master’s Degree 16
Graduate Certificate 4

What Small Business Administration Majors Need to Know

People with careers related to small business administration/management were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Small Business Administration/Management Majors

According to O*NET survey takers, a major in small business administration/management should prepare you for careers in which you will need to be knowledgeable in the following areas:

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  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Skills for Small Business Administration/Management Majors

The following list of skills has been highlighted as some of the most essential for careers related to small business administration/management:

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  • Speaking - Talking to others to convey information effectively.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Abilities for Small Business Administration/Management Majors

Some of the most crucial abilities to master while a small business administration/management student include the following:

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  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.

What Can You Do With a Small Business Administration Major?

People with a small business administration/management degree often go into the following careers:

Job Title Job Growth Rate Median Salary
Compliance Managers 8.0% $107,480
Investment Fund Managers 8.0% $107,480
Loss Prevention Managers 8.0% $107,480
Regulatory Affairs Managers 8.0% $107,480
Security Managers 8.0% $107,480
Supply Chain Managers 8.0% $107,480
Wind Energy Operations Managers 8.0% $107,480

Who Is Getting a Bachelor’s Degree in Small Business Administration?

260 Bachelor's Degrees Annually
47% Percent Women
27% Percent Racial-Ethnic Minorities*
Roughly 47% of the graduates are women, and 53% are men.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of small business administration/management majors is as follows:

Racial-Ethnic Diversity of Small Business Administration/Management Students with Bachelor's Degrees
Race/Ethnicity Number of Grads
Asian 21
Black or African American 35
Hispanic or Latino 12
White 160
International Students 20
Other Races/Ethnicities 12

Geographic Diversity

Americans aren’t the only ones with an interest in Small Business Administration/Management. About 7.7% of those with this major are international students.

How Much Do Small Business Administration Majors Make?

Salaries According to BLS

The median salary for someone in a career related to small business administration/management is $115,590. This median refers to all degree levels, so the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Median Salary for a Small Business Administration Major  115,590
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250K
Median Salary for a High School Graduate  ( 30000 to 57900 )
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250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

Some careers associated with small business administration/management require an advanced degree while some may not even require a bachelor’s. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to small business administration/management have obtained the following education levels.

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Education Level Percentage of Workers
High School Diploma - or the equivalent (for example, GED) 3.2%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production) 4.3%
Some College Courses 2.3%
Associate’s Degree (or other 2-year degree) 6.4%
Bachelor’s Degree 58.1%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master. 2.3%
Master’s Degree 21.1%
Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level. 1.5%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession. 0.9%

Online Small Business Administration Programs

In 2018-2019, 233 schools offered a small business administration/management program of some type. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level Colleges Offering Programs Colleges Offering Online Classes
Certificate (Less Than 1 Year) 131 25
Certificate (1-2 years) 54 10
Certificate (2-4 Years) 2 0
Associate’s Degree 98 17
Bachelor’s Degree 1 1
Post-Baccalaureate 131 25
Master’s Degree 4 2
Post-Master’s 1 0
Doctor’s Degree (Research) 0 0
Doctor’s Degree (Professional Practice) 0 0
Doctor’s Degree (Other) 0 0

Is a Degree in Small Business Administration Worth It?

The median salary for a small business administration/management grad is $115,590 per year. This is based on the weighted average of the most common careers associated with the major.

This is 190% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,513,800 after 20 years!

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You may also be interested in one of the following majors related to small business administration/management.

Major Number of Grads
Entrepreneurship 8,156
Other Entrepreneurial and Small Business Operations 413
Franchising and Franchise Operations 4

References

*The racial-ethnic minorities 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 racial-ethnic minorities percentage.

More about our data sources and methodologies.

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