Expected Earning after Completing Business Program is $51,863

3,080 colleges are offering Business program through certificate, undergraduate, and graduate levels. For bachelor's degree, 1,782 schools have the Business program and 1,295 schools are offering the program in graduate levels. In 2022, a total of 853,411 students completed the program and earned a degree or certificate in the area. By degree level, 107,327 students earned undergraduate certificate, 107,132 students earned associate's, 415,118 students earned bachelor's, and 209,787 students earned master's or doctoral degrees.

Colleges Offering Business and Number of Degree Earners

The 2023 average tuition of schools that have Business program is $9,122 for state residents and $26,446 for out-of-state students. For graduate Business programs, the average tuition is $10,890 for state residents and $19,134 for out-of-state students. For certificate and vocational porgrams in the Business programs, the average tuition is $16,086.
The following table summarizes the Business schools by offered degree and number of completers.
Business Schools and Number of Completers by Award Level
Degree LevelSchools OfferedCompleters
TotalMenWomen
Associate1,605 107,13243,11064,022
Bachelor1,782 415,118221,084194,034
Master1,295 206,055104,847101,208
Doctoral
Doctoral (Research)278 3,4401,7591,681
Doctoral (Professional Practice)17 277171106
Doctoral (Other)4 15105
Undergraduate Certificate
2-Years Certificate1,132 18,3055,35812,947
2-4 Years Certificate38 497214283
Certificates of less than 12 weeks147 7,1064,1192,987
Certificates of at least 12 weeks but less than 1 year1,120 81,41930,08951,330
Graduate Certificate
Post-Bachelor Certificate554 14,0476,3787,669
Post-Master Certificate119 1,483743740
Data Source: IPEDS, U.S. Department of Education

Average Salary by Program in Business Study

The average salary after completing bachelor's Business is $51,863. The salary is based on the median annual earnings of students three years after graduation. The earning with Business Master's degree is $76,011.
The average loan debt of the completers in Business programs is $23,861 and the estimated monthly loan payment is $239. The debt amount is based only on federal loan debt originated at the school awarding the credential, if it were repaid over 10 years at a 3.73% interest rate.
For Business program, the graduates from Washington University in St Louis have the highest earning of $123,261 (Bachelor's degree). Students from University of Pennsylvania and Bismarck State College follow it with average earning $113,729 and $113,181 respectively.
Top 5 Earnings Schools in Business Area
Tuition & FeesAnnual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Washington University in St Louis $60,590$123,261$10,272 $16,698$167
University of Pennsylvania $63,452$113,729$9,477 $17,068$171
Bismarck State College $7,227$113,181$9,432 $17,875$179
Carnegie Mellon University $61,344$107,720$8,977 $23,250$232
Massachusetts Institute of Technology $57,986$97,186$8,099 --
Data Source: College Scorecard

Average Earning and Debt by Business Sub Major Programs

In Business area, the graduates who completing Construction Management program have the highest salary of $72,982 and Real Estate program have the second highest salary of $64,201 in average.
Associate's Construction Management program shows the highest earning ($49,039) and Human Resources Management and Services program follows with $36,692 average salary.
Real Estate Master's program has $117,860 average salary and Construction Management program completers earn $109,077 yearly.
The next table shows the average earning and debt after completing Business area by major program and degree. The average annual earning is calculated based on the earning of students three years after graduation.
  • Only data from students who received federal financial aid are included in the calculation.
  • The actual earning may differ from the average value.

Business/Commerce, General

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Certificate $17,148$1,429 $21,136$211
Associate $33,350$2,779 $17,875$179
Bachelor's $49,161$4,097 $25,580$256
Master's $84,407$7,034 $39,205$441
Doctoral $101,708$8,476 --
First Professional Degree $141,854$11,821 $35,256$396
Post-MS $71,588$5,966 $20,500$230

Business Administration, Management and Operations

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Certificate $40,685$3,390 $13,593$136
Associate $31,872$2,656 $16,834$168
Bachelor's $48,003$4,000 $24,405$244
Master's $76,982$6,415 $38,603$434
Doctoral $71,114$5,926 $89,194$1,003
First Professional Degree $118,626$9,886 $56,925$640
Post-MS $64,778$5,398 $38,403$432

Accounting and Related Services

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Certificate $25,040$2,087 $11,967$120
Associate $33,440$2,787 $17,797$178
Bachelor's $54,246$4,521 $24,110$241
Post-BS $62,274$5,190 $16,666$167
Master's $69,100$5,758 $28,994$326
First Professional Degree $78,047$6,504 $22,000$247

Business Operations Support and Assistant Services

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Certificate $20,463$1,705 $9,876$99
Associate $25,662$2,138 $17,852$178
Bachelor's $18,026$1,502 $14,941$149
Master's $65,144$5,429 --

Business/Corporate Communications

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Bachelor's $46,196$3,850 $24,037$240
Master's $51,878$4,323 $41,000$461

Business/Managerial Economics

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Bachelor's $59,243$4,937 $20,619$206
Master's $82,148$6,846 $41,000$461

Entrepreneurial and Small Business Operations

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Associate $31,638$2,636 $25,574$255
Bachelor's $44,221$3,685 $22,783$228
Master's $96,389$8,032 $48,793$548

Finance and Financial Management Services

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Certificate $13,439$1,120 $13,876$139
Associate $34,483$2,874 $12,000$120
Bachelor's $60,393$5,033 $22,237$222
Master's $85,156$7,096 $43,557$490
First Professional Degree $126,773$10,564 $44,385$499
Post-MS $70,471$5,873 --

Hospitality Administration/Management

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Certificate $19,834$1,653 $15,089$151
Associate $25,466$2,122 $17,415$174
Bachelor's $43,427$3,619 $22,199$222
Master's $59,009$4,917 $42,043$473

Human Resources Management and Services

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Certificate $48,047$4,004 $13,342$133
Associate $36,692$3,058 $19,438$194
Bachelor's $49,198$4,100 $26,622$266
Post-BS $43,612$3,634 --
Master's $62,167$5,181 $41,106$462
Doctoral $83,754$6,979 $106,563$1,198
Post-MS $61,644$5,137 $64,433$725

International Business

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Bachelor's $55,166$4,597 $21,991$220
Master's $85,801$7,150 $64,783$728

Management Information Systems and Services

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Certificate $25,060$2,088 $23,731$237
Associate $36,429$3,036 $20,946$209
Bachelor's $61,640$5,137 $22,887$229
Master's $82,171$6,848 $35,862$403
Doctoral $128,733$10,728 --

Management Sciences and Quantitative Methods

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Associate $22,658$1,888 $18,626$186
Bachelor's $62,330$5,194 $22,274$223
Master's $99,458$8,288 $38,727$435
First Professional Degree $123,182$10,265 $51,390$578
Post-MS $72,712$6,059 $43,797$493

Marketing

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Associate $32,283$2,690 $18,570$186
Bachelor's $49,745$4,145 $23,072$231
Master's $74,314$6,193 $36,383$409
Post-MS $75,651$6,304 $168,186$1,891

Real Estate

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Certificate $32,424$2,702 $13,111$131
Associate $32,484$2,707 $29,065$291
Bachelor's $64,201$5,350 $21,176$212
Master's $117,860$9,822 $52,487$590

Taxation

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Master's $88,798$7,400 $31,915$359

Insurance

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Bachelor's $61,948$5,162 $23,319$233
Master's $95,227$7,936 $41,000$461

General Sales, Merchandising and Related Marketing Operations

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Certificate $11,657$971 $23,544$235
Associate $30,708$2,559 $16,957$170
Bachelor's $54,864$4,572 $23,298$233
Master's $95,196$7,933 $69,878$786

Specialized Sales, Merchandising and Marketing Operations

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Certificate $16,539$1,378 --
Associate $32,319$2,693 $17,636$176
Bachelor's $39,479$3,290 $29,507$295
Master's $103,085$8,590 $65,272$734

Construction Management

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Associate $49,039$4,087 $15,793$158
Bachelor's $72,982$6,082 $23,544$235
Master's $109,077$9,090 $42,539$478

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