Business administration and management are two important aspects of any business. Business administration is the process of organizing and managing a company’s resources to achieve its goals.
Management is the process of making decisions and directing the activities of employees to achieve the goals of the company. These two aspects are important for any business, large or small, to be successful.
- Opportunity Rating: 74 out of 100
- Students Completing in 2015: 323,627
- Number of Schools Offering: 2,764
- Average Salary: $111,861
- Expected Job Growth by 2024: 6.8%
- Average Unemployment Rate: 3.9%
- Average Underemployment Rate: 35.2%
- Number of Students Completing
Percent of College Students Graduating With degree Has to drop in the Last Five Years
The number of students completing Business degrees has fallen 6.9% overall in the last five years, from 39.8 completions per 10,000 total graduates for the past five years ago to 320.2 completions per 10,000 in 2015. However, in the last year, the percent of completions has risen 0.6%. Business administration hit an all-time high in 2009 with 360.7 completions per 10k and an all-time low in 1995 with 265.1 completions per 10k.
More broadly, the percent of completions for all Business, Management, Marketing, and Related Support Services majors has fallen 1.6% in the last five years, from 1,593.4 completions per 10k five years ago 1,568.4 completions per 10k now.
More Business Administration and Management Majors Received Their Bachelor’s Degree
Of the 323,627 students completing the major in 2015:
- 43.2% received their Bachelor’s Degree (139,875 graduates)
- 33.6% received their Master’s Degree (108,640 graduates)
- 16.4% received their Associate’s Degree (53,041 graduates)
Number of Schools Offering
The number of Schools Offering This Major Has Declined in the Last Five Years.
The number of schools offering this major exhibits an overall upward linear trend, growing at about 50 schools every year. If this trend continues, we would expect the number of schools offering Business Administration and Management, General to hit 2,814.
Business Administration and Management hit an all-time high in 2012 with 2871 schools and an all-time low in 1992 with 1745 schools.
Popularity Rank: 1
Business Administration and Management is the most popular major, a top rank compared to all majors. This number considers the number of students completing and the number of schools offering the major. This major has:
- Significantly more students completing the major than the average across all majors (323,627 vs. 389 graduates)
- Significantly more schools offer the major than the average across all majors (2,764 vs. 36 schools)
Opportunity Rating: 74
Business Administration and Management have an opportunity rating of 74 out of 100, above average compared to all majors. This number considers average salary and 10-year job growth for common careers. This major has:
- Considerably higher wage than the average across all majors ($111,861 vs. $71,835)
- About the same expected job growth as the average across all majors (6.8% vs. 7.0%)
This visualization presents typical career paths for Business Administration and Management majors. Hover over a path to see the average salary for each career on the right
Underemployment refers to students who received a higher education degree in this field and have gone on to work in jobs that do not require a higher education degree. This rate is specific to 22-27-year-old college graduates who studied Business Administration and Management.
Slightly Higher Percentage of Men
In 2015, 323,627 students were completing Business Administration and Management majors. Of that total, 156,790 were female, and 166,837 were men (52% male and 48% female). This is:
- Consistent with the trend for all Business, Management, Marketing, and Related Support Services majors
- 1% female and 49% male
- Inconsistent with the direction for all majors
- 59% female and 41% male
- This refers to 2,764 schools offering the major.
Sources NCES, BLS, Occupational Information Network (O*NET), Online College Websites, and U.S. Census Bureau