Master’s Degrees in Management Sciences & Quantitative Methods
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Education Levels of Management Science Majors
In 2020-2021, 29,299 master's degrees were awarded to management science majors. This makes it the 2nd most popular master's degree program in the country.
The following table shows the number of diplomas awarded in management science at each degree level.
| Education Level | Number of Grads |
|---|---|
| Master’s Degree | 29,299 |
| Bachelor’s Degree | 10,408 |
| Graduate Certificate | 2,275 |
| Basic Certificate | 1,044 |
| Doctor’s Degree | 127 |
| Associate Degree | 125 |
| Undergraduate Certificate | 104 |
Earnings of Management Science Majors With Master’s Degrees
The median salary for graduates holding a master's degree in management science is $81,246. 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 $74,315 to a high of $91,549.
Student Debt
We do not have the data to calculate the median and range of debt loads for management science students who are master's degree holders.
Student Diversity
More men than women pursue master's degrees in management science. About 58.0% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 16,992 |
| Women | 12,307 |
The racial-ethnic distribution of management science master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 3,047 |
| Black or African American | 1,030 |
| Hispanic or Latino | 1,426 |
| White | 9,706 |
| International Students | 12,748 |
| Other Races/Ethnicities | 1,342 |
Most Popular Management Science Programs for Master’s Degrees
There are 291 colleges that offer a master’s degree in management science. Learn more about the most popular 20 below:
The most popular school in the United States for management science students seekinga master's degree is Northwestern University. Each year, around 22,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $60,276 per year, while in-state graduate students, on average, pay $56,067 per year. For the 2020-2021 academic year, 1,785 master's degrees were handed out to management science majors at Northwestern. Of these students, 34% were women and 25% were members of underrepresented racial-ethnic groups.
Columbia University in the City of New York comes in at #2 on our list of the most popular colleges offering master's degrees in management science. Each year, around 30,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $59,450 per year, while in-state graduate students, on average, pay $50,496 per year. The management science program at Columbia University in the City of New York awarded 1,592 master's degrees during the 2020-2021 school year. Around 16% of these students were from an underrepresented racial-ethnic group, and 47% were women.
The 3rd most popular school in the country for management science majors who are seeking their master's degree is University of Chicago. Each year, around 17,800 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $59,256 per year, while in-state graduate students, on average, pay $62,640 per year. During the 2020-2021 academic year, 1,027 people received their master's degree in management science from UChicago. About 33% of this group were women, and 26% were students from an underrepresented racial-ethnic group.
University of California - Los Angeles is the 4th most popular school in the nation for students seeking a master's degree in management science. Each year, around 44,500 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 2020-2021 academic year, 857 master's degrees were handed out to management science majors at UCLA. About 33% of this group were women, and 35% were students from an underrepresented racial-ethnic group.
New York University comes in at #5 on our list of the most popular colleges offering master's degrees in management science. Roughly 52,700 attend the school each year. The average in-state tuition for full-time undergraduates is $53,770 per year, while in-state graduate students, on average, pay $35,982 per year. The management science program at New York University awarded 744 master's degrees during the 2020-2021 school year. About 40% of this group were women, and 26% were students from an underrepresented racial-ethnic group.
University of North Carolina at Chapel Hill comes in at #6 on our list of the most popular colleges offering master's degrees in management science. Roughly 30,000 attend the school each year. 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 management science program at University of North Carolina at Chapel Hill awarded 697 master's degrees during the 2020-2021 school year. About 29% of this group were women, and 23% were students from an underrepresented racial-ethnic group.
Georgia Institute of Technology - Main Campus comes in at #7 on our list of the most popular colleges offering master's degrees in management science. Roughly 39,700 attend the school each year. The average in-state tuition for full-time undergraduates is $10,258 per year, while in-state graduate students, on average, pay $14,570 per year. For the 2020-2021 academic year, 685 master's degrees were handed out to management science majors at Georgia Tech. Around 28% of these students were from an underrepresented racial-ethnic group, and 27% were women.
The 8th most popular school in the country for management science majors who are seeking their master's degree is The University of Texas at Dallas. Each year, around 28,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,564 per year, while in-state graduate students, on average, pay $15,088 per year. The management science program at The University of Texas at Dallas awarded 673 master's degrees during the 2020-2021 school year. Around 13% of these students were from an underrepresented racial-ethnic group, and 41% were women.
Massachusetts Institute of Technology is the 9th most popular school in the nation for students seeking a master's degree in management science. Each year, around 11,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $55,510 per year, while in-state graduate students, on average, pay $55,510 per year. For the 2020-2021 academic year, 659 master's degrees were handed out to management science majors at MIT. Around 22% of these students were from an underrepresented racial-ethnic group, and 37% were women.
Johns Hopkins University comes in at #10 on our list of the most popular colleges offering master's degrees in management science. Roughly 28,800 attend the school each year. The average in-state tuition for full-time undergraduates is $58,720 per year, while in-state graduate students, on average, pay $58,720 per year. For the 2020-2021 academic year, 614 master's degrees were handed out to management science majors at Johns Hopkins. Around 2% of these students were from an underrepresented racial-ethnic group, and 63% were women.
University of California - Berkeley is the 11th most popular school in the nation for students seeking a master's degree in management science. Each year, around 42,300 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 2020-2021 academic year, 595 master's degrees were handed out to management science majors at UC Berkeley. Of these students, 34% were women and 33% were members of underrepresented racial-ethnic groups.
University of Southern California comes in at #12 on our list of the most popular colleges offering master's degrees in management science. Roughly 46,200 attend the school each year. The average in-state tuition for full-time undergraduates is $60,446 per year, while in-state graduate students, on average, pay $60,446 per year. The management science program at University of Southern California awarded 592 master's degrees during the 2020-2021 school year. About 51% of this group were women, and 28% were students from an underrepresented racial-ethnic group.
Arizona State University - Tempe is the 13th most popular school in the nation for students seeking a master's degree in management science. Roughly 74,700 attend the school each year. The average in-state tuition for full-time undergraduates is $10,710 per year, while in-state graduate students, on average, pay $11,720 per year. For the 2020-2021 academic year, 562 master's degrees were handed out to management science majors at ASU - Tempe. Of these students, 38% were women and 25% were members of underrepresented racial-ethnic groups.
University of Rochester comes in at #14 on our list of the most popular colleges offering master's degrees in management science. Roughly 11,700 attend the school each year. The average in-state tuition for full-time undergraduates is $58,276 per year, while in-state graduate students, on average, pay $46,779 per year. During the 2020-2021 academic year, 529 people received their master's degree in management science from University of Rochester. Of these students, 59% were women and 7% were members of underrepresented racial-ethnic groups.
The 15th most popular school in the country for management science majors who are seeking their master's degree is Hult International Business School. Roughly 1,800 attend the school each year. The average in-state tuition for full-time undergraduates is $43,514 per year, while in-state graduate students, on average, pay $43,027 per year. The management science program at Hult International Business School awarded 505 master's degrees during the 2020-2021 school year. Around 4% of these students were from an underrepresented racial-ethnic group, and 41% were women.
Rice University comes in at #16 on our list of the most popular colleges offering master's degrees in management science. Roughly 7,600 attend the school each year. The average in-state tuition for full-time undergraduates is $52,070 per year, while in-state graduate students, on average, pay $49,279 per year. The management science program at Rice University awarded 439 master's degrees during the 2020-2021 school year. Around 37% of these students were from an underrepresented racial-ethnic group, and 31% were women.
University of Illinois at Urbana-Champaign is the 17th most popular school in the nation for students seeking a master's degree in management science. Roughly 52,600 attend the school each year. The average in-state tuition for full-time undergraduates is $14,446 per year, while in-state graduate students, on average, pay $14,635 per year. The management science program at University of Illinois at Urbana-Champaign awarded 429 master's degrees during the 2020-2021 school year. About 50% of this group were women, and 28% were students from an underrepresented racial-ethnic group.
The 18th most popular school in the country for management science majors who are seeking their master's degree is Southern Methodist University. Each year, around 12,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $53,464 per year, while in-state graduate students, on average, pay $30,672 per year. The management science program at Southern Methodist University awarded 422 master's degrees during the 2020-2021 school year. About 37% of this group were women, and 27% were students from an underrepresented racial-ethnic group.
Stanford University is the 19th most popular school in the nation for students seeking a master's degree in management science. Roughly 15,900 attend the school each year. The average in-state tuition for full-time undergraduates is $55,473 per year, while in-state graduate students, on average, pay $54,315 per year. During the 2020-2021 academic year, 400 people received their master's degree in management science from Stanford. Around 28% of these students were from an underrepresented racial-ethnic group, and 47% were women.
Duke University comes in at #20 on our list of the most popular colleges offering master's degrees in management science. Each year, around 16,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $58,085 per year, while in-state graduate students, on average, pay $57,900 per year. The management science program at Duke University awarded 380 master's degrees during the 2020-2021 school year. Of these students, 52% were women and 23% were members of underrepresented racial-ethnic groups.
Management Science Focus Areas
| Major | Annual Degrees Awarded |
|---|---|
| Management Science | 15,708 |
| Other Management Sciences & Methods | 10,204 |
| Business Statistics | 2,958 |
| Actuarial Science | 429 |
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Related Majors
Below are some popular majors that are similar to management science that offer master’s degrees.
| Major | Annual Degrees Awarded |
|---|---|
| Business Administration & Management | 122,843 |
| Accounting | 18,187 |
| Human Resource Management | 9,750 |
| Business & Commerce | 8,488 |
| Finance & Financial Management | 4,544 |
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.
- College Factual
- National Center for Education Statistics
- O*NET Online
- Bureau of Labor Statistics
- Image Credit: By в±® under License
More about our data sources and methodologies.
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