Business Degrees
Students have a lot of options when it comes to earning a business degree. Business is the most popular major for undergraduates, according to the National Center for Education Statistics. A business degree prepares graduates for careers in many industries, including healthcare, marketing, information technology, and financial services. Business graduates often enjoy above-average salaries and strong job growth.
This article explores business degrees at every level, helping illuminate what you can do with a business degree and what your future earning potential could be.
Top Online Business Schools
Best Business Programs
The school and/or program descriptions below were drafted using natural language generation technology and have been edited for clarity and accuracy. The data is primarily sourced from government databases such as IPEDS – see sources section for more details.
These rankings include
#1 What Is a Business Degree?
New York University
New York, NY - 4 years
- Online + Campus
New York University is a private research university located in New York City. Its undergraduate and graduate programs are comprehensive and cover many academic fields. New York University's degrees are designed to empower learners with the skills and knowledge required to thrive in the ever-evolving business industry.
With 52,775 enrollees, this institution offers a vibrant and diverse campus community that strives for academic excellence, social engagement, and personal growth. At the institution, there is one faculty member for every eight students. The admission rate is 21%, while the graduation rate is 88%.
Since NYU is a private university, the cost of tuition is the same whether the degree-seekers is an in-state or out-of-state resident. The annual cost of tuition for undergraduates is $52,204 for both in-state and out-of-state enrollees. For graduate learners, in-state tuition costs $34,704 per year.
Individuals who attend New York University can apply for scholarships, grants, and loans. Around 65% of the student body receives some form of financial aid, while 27% uses loans to finance their education.
#2 What Is a Business Degree?
Brigham Young University
Provo, UT - 4 years
- Campus
Brigham Young University, a private research university, is located in Provo, Utah. Its undergraduate and graduate programs are comprehensive and cover many academic fields. Brigham Young University's degrees are designed to provide participants with the skills and knowledge they need to succeed in the workforce.
The school enrolls 36,461 students, providing them with a vibrant and diverse campus community that promotes academic excellence, social engagement, and personal growth. At the institution, there is one faculty member for every 21 enrollees. The admission rate is 69%, while the graduation rate is 75%.
As a private institution, Brigham Young University offers the same tuition rates for in-state and out-of-state learners. For undergraduates, the yearly cost of tuition is $5,970, while graduate degree-seekers pay around $7,510 for tuition each year.
Attendees of Brigham Young University have access to financial aid options, such as scholarships, grants, and loans. Around 71% of students receive some form of financial aid, and 13% take out loans to finance their education.
#3 What Is a Business Degree?
The University of Texas at Austin
Austin, TX - 4 years
- Online + Campus
The University of Texas at Austin is a public research university offering comprehensive and rigorous undergraduate and graduate programs that cover many academic disciplines. The business degrees at The University of Texas at Austin are tailored to equip participants with the skills and knowledge needed to excel in the competitive world of business.
With a student population of 50,476, the university provides learners with a vibrant and diverse campus community that fosters academic excellence, social engagement, and personal growth. The student-to-faculty ratio at this institution is 17-to-1. The admission rate is 32%, while the graduation rate is 88%.
Tuition rates vary based on the enrollees' residency status. Annual tuition for in-state undergraduates is $11,448 while those out-of-state pay $40,032. The yearly cost of tuition for graduate students is $12,028 for in-state and $22,886 for out-of-state.
The University of Texas at Austin provides a range of financial aid options for degree-seekers, including scholarships, grants, and loans. The average financial aid package awarded is $10,474. Approximately 66% of students receive assistance to pay for their education, and 30% take out loans.
#4 What Is a Business Degree?
The University of Notre Dame
Notre Dame, IN - 4 years
- Online + Campus
The University of Notre Dame, a private research university, is based out of Indiana. It offers undergraduate and graduate degrees across a wide variety of academic fields. The business programs at the University of Notre Dame are tailored to equip learners with the practical skills and insights to excel in business.
With 12,809 students, this institution offers a vibrant and diverse campus community that strives for academic excellence, social engagement, and personal growth. At this institution, there is one faculty member for every nine enrollees. It has a 19% admission rate and a 97% graduation rate.
Since the school is private, the tuition rates are not based on the degree-seeker's residency status as in-state or out-of-state. For undergraduates, the annual tuition is $57,192, while annual tuition for graduate learners is $57,050.
The University of Notre Dame provides financial assistance in various forms, such as scholarships, grants, and loans. Around 68% of enrollees received some form of financial aid, and 31% took out loans to finance their education.
#5 What Is a Business Degree?
Emory University
Atlanta, GA - 4 years
- Campus
Emory University is a private research university located in Atlanta, Georgia. Undergraduate and graduate degrees are available in many academic fields. The business degree options at Emory University are tailored to equip participants with the skills and practical knowledge required to excel in various industries.
The school enrolls 13,997 attendees and provides them with a vibrant and diverse campus community that promotes academic excellence, social engagement, and personal growth. It has a student-to-faculty ratio of nine-to-one. The admission rate is 19%, while the graduation rate is 90%.
Since Emory is a private institution, tuition rates do not vary based on whether a degree-seeker is an in-state or out-of-state resident. Annual tuition for undergraduates is $53,070, and for graduate learners, tuition costs $43,800 per year.
Financial aid options at Emory University include scholarships, grants, and loans. Approximately 58% of enrollees receive assistance to pay for their education, and 29% of students report taking out loans to finance their education.
#6 What Is a Business Degree?
The University of Utah
Salt Lake City, UT - 4 years
- Online + Campus
The University of Utah, a public research university, is located in Salt Lake City. The school provides undergraduate and graduate degree options in a wide array of academic fields. The University of Utah's business programs are designed to empower graduates with the skills and knowledge required to thrive in the ever-evolving business world.
With a student population of 33,081, the university provides learners with a vibrant and diverse campus community that fosters academic excellence, social engagement, and personal growth. The student-to-faculty ratio at this institution is 17-to-1. The admission rate is 79% and the graduation rate is 67%.
The cost of tuition differs depending on whether the degree-seeker is an in-state or out-of-state resident. Annual in-state tuition for undergraduates is $7,412, whereas out-of-state tuition is $26,017. Graduate learners pay $6,666 per year for in-state tuition and $23,537 for out-of-state tuition.
Students at the University of Utah can apply for scholarships, grants, and loans. The average financial aid awarded is $7,560. Around 87% of attendees receive some form of financial aid, and 28% take out loans to finance their education.
#7 What Is a Business Degree?
The University of Texas Rio Grande Valley
Edinburg, TX - 4 years
- Online + Campus
The University of Texas Rio Grande Valley is a public research university located in Edinburg. It provides undergraduate and graduate degrees that span a diverse range of academic fields. The school's business programs are designed to provide graduates with the skills and knowledge they need to succeed in the workforce.
With a student population of 32,441, the university provides attendees with a vibrant and diverse campus community that fosters academic achievement, social engagement, and personal growth. The student-to-faculty ratio at this institution is 21-to-1. The admission rate is 82% and the graduation rate is 47%.
Tuition rates vary based on the enrollee's residency status. For undergraduates, the yearly cost of in-state tuition is $7,233 and out-of-state tuition is $17,049. Annual in-state tuition for graduate degree-seekers is $6,458, while out-of-state tuition is $13,820.
Financial aid options at The University of Texas Rio Grande Valley include scholarships, grants, and loans. Generally, the amount of financial aid awarded is around $9,910. Around 95% of learners receive some form of financial aid, and 34% take out loans to finance their education.
#8 What Is a Business Degree?
The University of Central Florida
Orlando, FL - 4 years
- Online + Campus
The University of Central Florida is a public research university located in Orlando. Its undergraduate and graduate degree options are comprehensive and cover many academic fields. The school's business programs are designed to provide participants with the skills and knowledge they require to succeed in the business world.
With 71,881 enrollees, this institution offers a vibrant and diverse campus community that strives for academic excellence, social engagement, and personal growth. At this institution, there is one faculty member for every 31 learners. It has a 45% admission rate and a 74% graduation rate.
Tuition varies depending on whether the degree-seeker is an in-state resident or not. For undergraduates, annual in-state tuition is $4,478, while out-of-state tuition is $19,810. For graduate students, in-state tuition costs $6,916 per year, while out-of-state tuition costs $25,759.
The University of Central Florida provides financial assistance in various forms, such as scholarships, grants, and loans. Generally, the amount of financial aid awarded is approximately $10,192. Around 94% of attendees receive some form of financial aid, and 31% take out loans to finance their education.
#9 What Is a Business Degree?
Texas A&M University-Central Texas
Killeen, TX - 4 years
- Online + Campus
Texas A&M University-Central Texas is a public research university located in Killeen. It offers undergraduate and graduate degrees across a wide variety of academic fields. The business programs at Texas A&M University-Central Texas are tailored to equip graduates with the skills and knowledge needed to excel in the competitive business world.
With 2,339 attendees, this institution offers a vibrant and diverse campus community that strives for academic excellence, social engagement, and personal growth. The student-to-faculty ratio for classes at this institution is 16 participants for each faculty member.
Texas A&M University-Central Texas offers different tuition rates for in-state and out-of-state students. For undergraduates, annual in-state tuition is $6,425, while out-of-state tuition is $16,241. Annual in-state tuition for graduate learners is $5,515, while out-of-state tuition is $12,877.
Degree-seekers at Texas A&M University-Central Texas can apply for scholarships, grants, and loans. The average financial aid package is around $8,032. According to reports, many enrollees receive some form of financial aid, and 53% take out loans to finance their education.
#10 What Is a Business Degree?
Wake Forest University
Winston-Salem, NC - 4 years
- Online + Campus
Wake Forest University, a private research university, can be found in Winston-Salem, North Carolina. It offers undergraduate and graduate degree options across a wide variety of academic fields. Wake Forest University's business programs are designed to equip graduates with the skills, practical experience, and knowledge needed to succeed in modern business.
With a student population of 8,789, the school provides attendees with a vibrant and diverse campus community that fosters academic excellence, social engagement, and personal growth. At this institution, there is one faculty member for every 11 learners. The admission rate is 32% and the graduation rate is 89%.
As a private university, the tuition rate is not based on the enrollee's residency status. The annual tuition for undergraduates is $56,722, and the yearly cost of tuition for graduate degree-seekers is $38,650.
Students at Wake Forest University can apply for scholarships, grants, and loans. Nearly 44% of learners are granted some form of financial assistance, and 20% report borrowing money to cover their tuition fees.
#11 What Is a Business Degree?
The Pennsylvania State University
University Park, PA - 4 years
- Online + Campus
Penn State is a public research university located in University Park. Its undergraduate and graduate programs are comprehensive and cover many academic fields. The school's business degrees are designed to provide graduates with the skills and practical knowledge to excel in business across various industries.
The school enrolls 89,816 students and provides them with a vibrant and diverse campus community that promotes academic excellence, social engagement, and personal fulfillment. The school's classes have a student-to-faculty ratio of 15 participants per faculty member. The admission rate is 78% and the graduation rate is 73%.
The cost of tuition differs depending on whether the enrollee is an in-state resident or not. The annual cost of tuition for undergraduates is $15,025 for in-state degree-seekers and $24,413 for their out-of-state peers. Graduate learners pay $22,464 per year for in-state tuition and $38,198 for out-of-state tuition.
Financial aid options at Penn State include scholarships, grants, and loans. The average financial aid package is $8,163. Around 75% of students receive some form of financial aid, and 47% of enrollees take out loans to finance their education.
#12 What Is a Business Degree?
Brigham Young University–Hawaii
Laie, HI - 4 years
- Campus
Brigham Young University–Hawaii is a private research university located in Laie. It offers undergraduate and graduate programs across many academic fields. The business degrees at Brigham Young University–Hawaii are tailored to equip graduates with the practical skills and knowledge needed to excel in modern business.
With 3,180 enrollees, this institution offers a vibrant and diverse campus community that encourages academic achievement, personal growth, and social engagement. The student-to-faculty ratio for classes at this institution is 16 participants per faculty member. It has a 75% admission rate and a 67% graduation rate.
Since the school is a private institution, the cost of tuition does not differ depending on whether the student is an in-state or out-of-state resident. Annual tuition for undergraduates is $5,890.
Brigham Young University–Hawaii provides a variety of financial aid options for degree-seekers, including scholarships, grants, and loans. Around 79% of learners receive some form of financial aid, and 12% take out loans to finance their education.
#13 What Is a Business Degree?
The University of Maryland, College Park
College Park, MD - 4 years
- Online + Campus
The University of Maryland, College Park is a public research university offering undergraduate and graduate programs in many academic fields. To prepare graduates for the world of modern business, the school's business degrees are tailored to equip participants with the skills and knowledge necessary to succeed.
With 40,709 enrollees, this institution offers a vibrant and diverse campus community that values social engagement, personal growth, and academic excellence. At the institution, there is one faculty member for every 17 students. It has a 51% admission rate and an 87% graduation rate.
The tuition rates at the university are based on the degree-seeker's residency status. For undergraduates, annual in-state tuition is $8,824, while out-of-state tuition is $34,936. Annual in-state tuition for graduate learners is $13,158, while out-of-state tuition is $29,250.
The University of Maryland, College Park provides a variety of financial aid options, including scholarships, grants, and loans. The average financial aid awarded is $9,799. Around 67% of attendees receive some form of financial aid, and 28% take out loans to finance their education.
#14 What Is a Business Degree?
Indiana University Bloomington
Bloomington, IN - 4 years
- Online + Campus
Indiana University Bloomington is a public research university offering undergraduate and graduate program options across many different academic fields. Individuals pursuing business degrees at IU can expect to receive exceptional training that prepares them to excel in today's demanding business world.
The student population of 43,064 benefits from a vibrant and diverse campus community that fosters academic achievement and personal growth. At this institution, there is one faculty member for every 16 class participants. The school has an 80% admission rate and an 80% graduation rate.
Tuition rates are based on the enrollee's residency status. For undergraduates, the yearly cost of in-state tuition is $9,815 and out-of-state tuition is $36,194. The yearly cost of tuition for graduate learners is $9,786 for in-state and $31,932 for out-of-state.
Indiana University Bloomington provides many different financial aid options for students, including scholarships, grants, and loans. Generally, the amount of financial aid awarded is around $12,379. Around 80% of degree-seekers receive some form of financial aid, and 30% report taking out loans to finance their education.
#15 What Is a Business Degree?
The University of Mississippi
University, MS - 4 years
- Online + Campus
The University of Mississippi is a public research institution that provides undergraduate and graduate programs that span a wide variety of academic fields. Students pursuing business degrees at the University of Mississippi can expect to receive exceptional training that prepares them to excel in today's demanding business world.
The school enrolls 21,014 learners and provides them with a vibrant and diverse campus community that values academic excellence, social engagement, and personal achievement. At this institution, there is one faculty member for every 16 attendees. The admission rate is 88% and the graduation rate is 67%.
Degree-seekers' residency status determines their tuition rates. Annual in-state tuition for undergraduates is $8,718, whereas out-of-state tuition is $24,990. Annual in-state tuition for graduate enrollees is $8,718, while out-of-state tuition is $24,989.
Scholarships, grants, and loans are among the various financial aid options offered to students. The average financial aid awarded is $12,036. Around 87% of learners receive some form of financial aid, and 36% take out loans to finance their education.
#16 What Is a Business Degree?
The University of Texas at Dallas
Richardson, TX - 4 years
- Online + Campus
The University of Texas at Dallas, a public research university, is located in Richardson. It provides undergraduate and graduate degree options that span a wide variety of academic fields. Individuals pursuing business degrees at The University of Texas at Dallas can expect to receive exceptional training that prepares them to excel in today's demanding business world.
With 28,669 enrollees, this institution offers a vibrant and diverse campus community that strives for academic excellence and personal achievement. The student-to-faculty ratio at this institution is 25 attendees per faculty member. The admission rate is 79% and the graduation rate is 69%.
The cost of tuition differs depending on whether the student is an in-state resident or not. For undergraduates, annual in-state tuition is $13,992, while out-of-state tuition is $38,970. Annual in-state tuition for graduate degree-seekers is $14,560, while out-of-state tuition is $28,610.
Financial aid options at The University of Texas at Dallas include scholarships, grants, and loans. The average financial aid awarded is $16,185. Approximately 82% of learners receive assistance to pay for their education, and 38% report taking out loans to finance school.
#17 What Is a Business Degree?
The University of Arizona
Tucson, AZ - 4 years
- Online + Campus
The University of Arizona, a public research university, can be found in Tucson. It offers undergraduate and graduate degree options that span many different academic fields. The business programs offered at the University of Arizona provide graduates with the skills and knowledge necessary to thrive in a competitive world of business.
With a student population of 45,601, the school provides attendees with a vibrant and diverse campus community that fosters personal growth, academic excellence, and social engagement. The student-to-faculty ratio at this institution is 15 participants per faculty member. The admission rate is 85% and the graduation rate is 65%.
The University of Arizona offers different tuition rates depending on learners' residency. Annual in-state tuition for undergraduates is $10,990, whereas out-of-state tuition is $33,273. Graduate degree-seekers pay around $11,938 for in-state tuition or $32,065 for out-of-state tuition each year.
The University of Arizona provides financial aid options for enrollees, including scholarships, grants, and loans. The average financial aid package comes to $12,472. Around 95% of students receive some form of financial aid. and 33% take out loans to finance their education.
#18 What Is a Business Degree?
Citrus College
Glendora, CA - 2 years
- Online + Campus
Citrus College, a public research university, can be found in Glendora, California. It offers undergraduate and graduate degrees across many different academic fields. The business programs give graduates with the skills, experience, and practical knowledge necessary to thrive in modern business.
The school enrolls 11,863 students, providing them with a vibrant, diverse, and engaged campus community that promotes academic excellence and personal growth. The student-to-faculty ratio at this institution is 27 participants per faculty member.
The college offers different tuition rates for in-state and out-of-state students, with the annual cost of in-state undergraduate tuition being $1,104 and out-of-state being $8,472.
Citrus College provides financial assistance in various forms, such as scholarships, grants, and loans. The average financial aid awarded is $5,615. Approximately 73% of students receive assistance to pay for their education, while 1% report taking out loans.
#19 What Is a Business Degree?
Northeastern University
Boston, MA - 4 years
- Online + Campus
Northeastern University, a private research university, can be found in Boston, Massachusetts. It provides undergraduate and graduate programs that span a diverse variety of academic fields. The business degrees are tailored to equip graduates with the practical skills and knowledge needed to excel in the competitive world of business.
With a student population of 22,905, the school provides attendees with a vibrant, diverse, and active campus community that fosters academic excellence and personal growth. At this institution, there is one faculty member for every 14 participants. The admission rate is 20%, while the graduation rate is 90%.
Since the institution is private, the cost of tuition does not vary due to the student's resident status. The annual cost of tuition for both in-state and out-of-state undergraduates is $54,360. For graduate learners, the tuition costs $25,264 per year.
Degree-seekers at Northeastern University can apply for scholarships, grants, and loans. Around 82% of students receive some form of financial aid, and 30% of enrollees report taking out loans to finance their education.
#20 What Is a Business Degree?
Moorpark College
Moorpark, CA - 2 years
- Campus
Moorpark College is a public research university located in Moorpark, California. It provides undergraduate and graduate programs in a wide array of academic fields. Individuals pursuing business degrees at Moorpark College can expect to receive comprehensive training that prepares them to thrive in today's competitive business world.
The student population of 14,361 benefits from a vibrant and diverse campus community that fosters academic excellence while promoting social engagement and personal growth. The student-to-faculty ratio at this institution is 33 participants per facility member.
The college offers different tuition rates for in-state and out-of-state learners. Annual tuition for undergraduates is $1,340 for in-state residents and $7,344 for their out-of-state peers.
Moorpark College provides financial assistance in various forms, such as scholarships, grants, and loans. The average financial aid package is $4,397. Around 59% of degree-seekers receive some form of financial aid, and 1% report taking out loans to finance their education.
What Kinds of Business Degrees Are There?
Students can earn business degrees at the associate, bachelor's, master's, or doctoral levels. Each degree can provide focused training for specific business career paths after graduation. For example, graduates with bachelor's degrees qualify for entry-level positions like operations research analyst and budget analyst. Supervisory roles like financial manageror marketing manager often require a master's degree in business.
Professionals can increase their earning potential and job opportunities by earning higher degrees. As the following chart shows, professionals with bachelor's degrees in business earn more than those with associate degrees, and individuals with master's degrees earn more than those at the undergraduate level.
Some roles also require graduate-level degrees. For example, many employers prefer to hire managers and executives with MBAs or master's degrees in management.
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Associate Degree in Business
An associate degree in business introduces students to core business fields like accounting, marketing, human resources, and finance. Through these foundational courses, learners explore business principles, marketing strategies, and laws and regulations governing corporations. Students can further focus their studies by choosing an associate degree in management or an associate degree in entrepreneurship.
Completing an associate degree typically takes two years, and graduates can find work as lodging managers, bookkeepers, and financial clerks. Graduates can also transfer to a four-year college to earn a bachelor's in business administration, which takes an additional two years of study. Many career paths in business require a bachelor's degree. You can learn more about the best associate degrees in business administration from our guide.
Best Online Associate's in Business
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Bachelor's Degree in Business
A bachelor's degree in business teaches students to analyze data, supervise teams, and make business strategy decisions. Undergraduates can specialize their degrees by choosing a bachelor's in business management, which emphasizes management skills, or a bachelor's in entrepreneurship to become a business founder. Many programs also offer electives or concentrations in human resources management, healthcare administration, or logistics.
In many industries, a bachelor's degree meets the minimum requirement for entry level roles.
With business degrees, graduates work as market research analysts, accountants, and management analysts. Earning a bachelor's degree generally takes four years for full-time students. Learn more about the best bachelor's programs in business with our guide.
BBA vs. BA in Business vs. BS in Business?
A bachelor's in business administration (BBA) often includes more business courses and fewer general education requirements, focusing on a practical education. Students pursuing bachelor of arts (BA) in business degrees take more humanities and social science courses. They must often meet a foreign language requirement, too. A bachelor of science (BS) in business includes courses that focus more on STEM topics. For example, BS students may need to take statistics, advanced math, or economics.
Each of these bachelor's degree options typically require 120 credits and four years of courses, though specific graduation requirements vary.
Popular Business Majors
Within business, undergraduates can choose from more than a dozen majors, including accounting, finance, marketing, and human resources. Students can also earn degrees in specific industries, like healthcare administration, hospitality management, or supply chain management. Average salaries vary depending on the major.
Bachelor's in Accounting
This core area of business teaches students how to create financial reports, conduct audits, and follow accounting laws and regulations. Undergrads take courses in managerial accounting, financial accounting, tax accounting, and forensic accounting. Graduates can find work as accountants and auditors. With graduate-level classes, they can also become certified public accountants.
Bachelor's in Entrepreneurship
An entrepreneurship degree prepares students for careers as small business owners. Classes cover management, planning new business ventures, and finding capital. Students learn how to create business plans, conduct product research, and file the necessary paperwork to launch new businesses. In addition to making their own opportunities as entrepreneurs, graduates can find work in sales or venture capital firms.
Bachelor's in Finance
Finance undergrads take courses in financial accounting, investment strategy, and portfolio management. The degree also introduces majors to financial services management, business finance, and financial analysis. Graduates find work in the financial services sector, usually as financial analysts, budget analysts, and financial managers.
Bachelor's in Healthcare Administration
A healthcare administration degree trains undergrads in business practices specific to the healthcare industry. Majors learn how to manage outpatient care centers, hospital units, residential care facilities, and other healthcare organizations. In addition to careers in healthcare management, the degree can lead to opportunities in community health, public health, and public relations.
Bachelor's in Hospitality Management
A hospitality management degree can lead to careers in industries like food service, lodging, and the entertainment industry. In addition to studying management practices and the hospitality industry as a whole, majors may specialize their degrees with classes in restaurant management, hotel management, or trade and tourism management.
Bachelor's in Human Resources
Businesses in every industry rely on human resources professionals to manage their employees and distribute compensation and benefits. Human resources students learn about payroll management, labor laws, training and development, and dispute resolution. Graduates can pursue careers as human resources specialists and human resources managers.
Bachelor's in International Business
A degree in international business introduces undergrads to the impact of globalization on business. Majors study things like global supply chains, international business regulations, and trade policy. Graduates can seek careers in international corporations and government organizations as buyers, managers, and trade compliance officers.
Bachelor's in Marketing
A marketing major trains undergrads in marketing, digital media, public relations, and advertising. During the degree, majors learn how to make a marketing plan, implement that plan, and measure its effectiveness. They also study marketing research, management, and communication. Degree-holders find employment as marketing specialists and marketing managers.
Bachelor's in Supply Chain and Logistics
A business degree in supply chain and logistics introduces students to the complex process of procuring and distributing goods and services on a large scale. Students learn how to monitor the movement of goods throughout the supply chain while improving efficiency and effectiveness. Graduates can find work in manufacturing, information technology, and healthcare.
| Major | Average Salary |
|---|---|
| Accounting | $70,750 |
| Entrepreneurship | $60,470 |
| Finance | $71,790 |
| Healthcare Administration | $60,610 |
| Hospitality Management | $55,610 |
| Human Resources | $61,180 |
| International Business | $67,920 |
| Marketing | $62,380 |
| Supply Chain and Logistics | $63,380 |
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Master's Degree in Business
A master's degree in business trains graduate students in advanced business practices and techniques. At the graduate level, an enrollee can earn a master's in management, which provides focused management training, or a master of business administration (MBA) degree. An MBA degree generally takes two years to complete, though some accelerated programs offer one-year MBAs. Earning a master's in management typically takes one year.
During a master's program, business students explore high-level business management concepts like operations management, organizational behavior, and leadership theory. These programs often incorporate internships to provide practical experience. Many MBA students also specialize their degrees with concentrations, such as entrepreneurship, project management, finance, and international business.
Graduates with master's degrees in business can pursue leadership roles in many different fields. For example, they can work as financial managers, marketing executives, and operations managers. They can also pursue executive-level roles, like CEO or COO.
Popular MBA Concentrations
While graduate students can earn general MBAs, most programs also offer MBA specializations, which prepare graduates for careers in specific industries. Some concentrations offer higher average salaries than others, as the following table shows.
Executive MBA
Designed for experienced business professionals, an executive MBA (eMBA) helps mid-career managers and supervisors build on their skills. Students learn about organizational behavior, executive leadership, and project management. Graduates typically use their degrees to pursue leadership roles in their current company or transition into a new field.
MBA in Entrepreneurship
An entrepreneurship concentration trains MBA students to develop business plans, secure financing, and launch new businesses. The curriculum often includes classes in small business management, franchising, and venture capital. Graduates can become entrepreneurs, work for venture capital organizations, or apply their entrepreneurial training to roles in management.
MBA in Finance
With an MBA in finance, graduates can work as financial managers and financial decision-makers in the financial services industry and related fields. Students learn to manage organizational finances, use financial information to make business decisions, and navigate financial regulations. The degree leads to opportunities with corporations, nonprofit organizations, or government agencies.
MBA in Healthcare Management
An MBA in healthcare management blends business and healthcare training to prepare graduates for leadership roles in healthcare organizations. Learners explore quality management approaches, organizational challenges common to clinical settings, and the role of healthcare informatics in improving patient care. Graduates can find work in hospitals, medical offices, and the health insurance industry.
MBA in International Business
An international business emphasis examines the global marketplace for services and products. Students explore international business practices, global supply chain issues, and globalized companies. This specialization also explores technologies that facilitate international business and help companies connect with producers, distributors, and consumers around the world.
MBA in Management Information Systems
An MBA in MIS teaches degree-seekers to manage data and information systems for businesses. This degree combines business and technology training to prepare graduates for roles like MIS manager or IT manager. Professionals learn to solve information systems problems and meet the data management needs of large organizations.
MBA in Project Management
A concentration in project management teaches enrollees to oversee large-scale projects, from conceptualization through execution. Learners study budget management, time management, and cost projection. They also learn how to delegate responsibilities, manage teams, and use project-based approaches in the workplace. The focus prepares graduates for careers as project managers across a variety of industries.
MBA in Sustainability
An MBA in sustainability trains graduates to pursue careers in environmental policy, sustainable business practices, and energy policies. Professionals with this degree can help businesses maximize their profits, improve their public relations, and manage environmental risks. Enrollees explore risk management, business sustainability, and law and regulations related to sustainability.
| MBA | Average Salary |
|---|---|
| Executive MBA | $117,090 |
| MBA in Entrepreneurship | $100,390 |
| MBA in Finance | $99,140 |
| MBA in Healthcare Administration | $82,360 |
| MBA in International Business | $95,190 |
| MBA in Management Information Systems | $102,350 |
| MBA in Project Management | $82,580 |
| MBA in Sustainability | $79,410 |
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Doctoral Degree in Business
As the highest degree in business, a doctorate prepares graduates for research, academic, and leadership positions. At the doctoral level, a student can earn a Ph.D. in business administration or a doctorate in business administration (DBA). A DBA trains students for roles in business, such as chief executive officer, while the research-focused Ph.D. more typically leads to academic careers, like business professor.
During doctoral programs, business students focus their studies on business theory, management, marketing, or other specializations, often within a specific industry. A doctorate requires a significant time commitment; earning the degree generally takes 3-6 years, after completing a master's degree. As a result, prospective students should carefully consider whether they need a doctorate to reach their career goals.
Learn more about online master's in management programs and online doctorate in management programs from our helpful guides.
Business Degree Career Paths
A business degree trains graduates for careers in growing industries like healthcare, technology, and financial services. During a business degree, students take courses in marketing, accounting, finance, and management.
In addition to learning career-ready skills, majors can also specialize their degrees around their professional goals. For example, students interested in healthcare can take courses in health services management, while those pursuing tech jobs can take information technology classes.
This section introduces the primary industries where business graduates find work. Business degrees can also lead to opportunities in marketing, communication, politics, and human resources management.
Healthcare
In the healthcare industry, business majors oversee teams that provide medical services, manage medical records, and consult on business best practices. For example, medical and health services managers, also known as healthcare administrators or healthcare executives, help healthcare organizations run smoothly. They make sure organizations follow applicable laws and regulations, set departmental goals, and supervise staff members.
Similarly, nursing home administrators oversee elder care facilities, and health information managers maintain patient records. A bachelor's degree in business administration with coursework in healthcare management prepares graduates for these roles.
Classes on medical terminology, health information systems, and human resources administration also provide valuable training for healthcare jobs that do not require clinical training. Employers hiring for management-level roles may expect candidates to have master's degrees.
Technology
The information technology sector needs professionals with a blend of business and technology training. For example, computer systems analysts and IT managers use their business training to advise organizations on how to improve efficiency and effectiveness through the use of technology. In these roles, professionals examine computer systems and procedures to create business solutions and advise executives on technology-related decisions.
A career in technology doesn't always require a computer science degree. Instead, many tech professionals hold bachelor's degrees in business technology or information technology. Supervisory positions often require previous work experience or a master's degree. Employers may look for candidates with MBAs specializing in information technology management, management information systems, or information systems.
Financial Services
The financial services industry employs business graduates in roles like financial manager, procurement manager, financial analyst, and financial examiner. In these roles, professionals evaluate financial data to help businesses make decisions about their investment strategies and financial health. They also evaluate an organization's efficiency andstudy economic trends to anticipate changes in the market.
Financial managers oversee employees charged with creating financial reports. They analyze market trends to increase profits, create plans to reach long-term organizational goals, and advise executives on financial decisions.
Most financial services careers require candidates to have bachelor's degrees in business, usually with a concentration or coursework in finance. Related majors like economics, accounting, or management can also help graduates pursue finance jobs. Some management-level roles may require a graduate degree.
Salary Potential for Business Degrees
Many career paths in business offer above-average salaries and strong job growth projections. In roles like engineering manager, marketing manager, financial manager, and IT manager, median salaries reach six figures. To qualify for these management-level roles, candidates often need graduate degrees, although a bachelor's degree and relevant work experience may meet requirements in some companies.
The following table provides career outlook and earning potential data for different business careers.
| Career | Median Annual Salary | Job Growth (2019-2029) | Typical Degree Needed |
|---|---|---|---|
| Computer and Information Systems Managers | $146,360 | 10% | Bachelor's |
| Architectural and Engineering Managers | $144,830 | 3% | Bachelor's |
| Advertising, Promotions, and Marketing Managers | $135,900 | 6% | Bachelor's |
| Financial Managers | $129,890 | 15% | Bachelor's |
| Sales Managers | $126,640 | 4% | Bachelor's |
| Top Executives | $104,690 | 4% | Bachelor's |
| Logisticians | $74,750 | 4% | Bachelor's |
| Purchasing Managers, Buyers, and Purchasing Agents | $69,600 | -7% | Bachelor's |
| Human Resources Specialists | $61,920 | 7% | Bachelor's |
| Meeting, Convention, and Event Planners | $50,600 | 8% | Bachelor's |
Frequently Asked Questions About Business Degrees
Is a Business Degree Hard?
The difficulty of a business degree depends on your personal aptitude and interests. Driven and attentive individuals can succeed as business majors, especially if they seek out degrees that apply to their personal and professional goals.
What Is the Best Business Major?
Within business, majors can specialize their training in areas like finance, accounting, international business, and marketing. Some programs also offer specializations in healthcare administration, e-commerce, and entrepreneurship. The best business major is one that fulfills a student's personal career aspirations and interests.
What Do You Get From a Business Degree?
During a business degree, students study core topics in business, like marketing, finance, accounting, and human resources. The degree also trains students to analyze data, design and implement business strategies, and evaluate an organization's effectiveness. Business graduates can find work across many growing industries.
How Long Does it Take to Get a Degree in Business?
Earning a bachelor's degree in business generally takes four years, and an MBA takes an additional two years. Accelerated programs can offer a faster route to the degree, though they are often more challenging.
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