General Business

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Total Degrees
Awarded in 2021

56,042

growing 0.526%

Median In-State
Public Tuition

$6,651

growing 3.56%

Median Out-of-State
Private Tuition

$32,800

growing 2.7%

Average Wage

$93,362

growing 1.76%

People in Workforce

11.2M

growing 2.34%

Average Employee Age

43.8

growing 0.208%

About

In 2021, the locations with the highest concentration of General Business degree recipients are Bloomington, IN, Columbia, MO, and Boston, MA. The most common degree awarded to students studying General Business is a bachelors degree.

Business General Business & Commerce

Institutions

Information about the types of higher education institutions that grant degrees in General Business and the types of students that study this field. Indiana University-Bloomington awards the most degrees in General Business in the US, but Strayer University-New Jersey and Strayer University-Maryland have the highest percentage of degrees awarded in General Business.

Tuition costs for General Business majors are, on average, $6,651 for in-state public colleges, and $32,800 for out of state private colleges.

The most common sector, by number of institutions, that offers General Business programs are Public, 2-year institutions (325 total). The most common sector, by number of degrees awarded, is Public, 4-year or above (25,902 completions).

Institutions

Institution with the Most Degrees Awarded in General Business

The most common sector, by number of degrees awarded in General Business, is Public, 4-year or above (25,902 completions in 2021).

The following chart shows the share of universities that offer General Business programs, by the total number of completions, colored and grouped by their sector.

Tuition Costs for Common Institutions

$6,651

Median In-State Public

$32,800

Median Out of State Private

Indiana University-Bloomington has the most General Business degree recipients, with 3,071 degrees awarded in 2021.

The following bar chart shows the state tuition for the top 5 institutions with the most degrees awarded in General Business.

Specialized Colleges

Highest Concentration Institution

Out of all institutions that offer General Business programs and have at least 5 graduates in those programs, Strayer University-New Jersey has the highest percentage of degrees awarded in General Business, with 58.6%.

Degrees Awarded by County

Counties with the Most Degrees Awarded in General Business

This map shows the counties in the United States colored by the highest number of degrees awarded in General Business by year.

Growth in Awarded Degrees

Counties with the Fastest Growing Number of Degrees Awarded

This map shows the counties in the United States colored by the highest growth in degrees awarded for General Business.

Employment

Information on the businesses and industries that employ Business graduates and on wages and locations for those in the field.

The average salary for Business majors is $93,362 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.

The industry that employs the most Business majors is Elementary & secondary schools, though the highest paying industry, by average wage, is Securities, commodities, funds, trusts & other financial investments.

Yearly Income for Common Jobs

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

$93,362

Average Wage in Workforce

± $699

1.76%

1 Year Growth

± 1.05%

The average salary for Business majors is $93,362 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.

This chart shows the average annual salaries of the most common occupations for Business majors.

Highest Paying Locations

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

Highest Paying Pumas

This map shows the public use micro areas (PUMAs) in the United States colored by the average salary of Business majors.

Note that the census collects information tied to where people live, not where they work. It is possible that Business majors live and work in the same place, but it is also possible that they live and work in two different places.

Most Common

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

The most common occupations Business majors, by number of employees, are Accountants & auditors, Other managers, and Financial managers.

Most Specialized

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

Compared to other majors, there are an unusually high number of Business majors working as Accountants & auditors, Financial analysts, and Financial examiners.

Highest Paid

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

The highest paid occupations by median income for Business majors are Surgeons, Physicians, and Chief executives & legislators.

Occupations by Share

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

11.2M

2020 Workforce

± 78,927

2.34%

1 Year Growth

± 0.982%

The number of Business graduates in the workforce has been growing at a rate of 2.34%, from 10.9M in 2019 to 11.2M in 2020.

The largest single share of Business graduates go on to work as Accountants & auditors (9.87%). This chart shows the various jobs filled by those with a major in Business by share of the total number of graduates.

Most Common

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

The most common industries that employ Business majors, by number of employees, are Elementary & secondary schools, Accounting, tax preparation, bookkeeping & payroll services, and Banking & related activities.

Highest Paid

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

The highest paying industries of Business majors, by average wage, are Securities, commodities, funds, trusts & other financial investments, Oil & gas extraction, and Internet publishing, broadcasting & web search portals.

Industries by Share

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

11.2M

2020 Workforce

± 78,927

2.34%

1 Year Growth

± 0.982%

The number of Business graduates in the workforce has been growing at a rate of 2.34%, from 10.9M in 2019 to 11.2M in 2020.

The industry which employs the most Business graduates by share is Elementary & secondary schools, followed by Accounting, tax preparation, bookkeeping & payroll services. This visualization shows the industries that hire those who major in Business.

Specialty Locations

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

PUMAS with a relatively high number of Business majors

This map shows the public use micro areas (PUMAs) in the United States where there are a relatively high population of Business majors.

Diversity

Demographic information for those who earn a degree in Business in the United States.

The average age of a person in the workforce with a degree in Business is 43.8.

The most common degree type these workers hold is a Bachelors Degree. Female employees are more likely to hold Business degrees, and White students are the most common race/ethnicty group awarded degrees in Business (28,826 students).

Workforce Age

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

43.8

Average Age in 2020

± 0.0935 Years

0.208%

1 Year Change

± 0.302%

This chart shows distribution of ages for employees with a degree in Business. The most common ages of employees with this major are 35 and 36 years old, which represent 2.61% and 2.61% of the population, respectively.

Degrees Awarded

The most common degree types awarded to students graduating in General Business are Bachelors Degree, Associates Degree, and Masters Degree.

Workforce Degrees

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

The most common degree types held by the working population in Business are Bachelors Degree, Masters Degree, and Professional degree.

Sex Imbalance for Common Institutions

Female (50.5%)

Most Common Sex with a Degree in this Field

This chart shows the granted degrees by sex at the 5 institutions that graduate the most students in General Business.

Race & Ethnicity by Degrees Awarded

Most Common Race or Ethnicity

White
28,826 degrees awarded
Hispanic or Latino
8,335 degrees awarded
Black or African American
7,518 degrees awarded

This chart shows the number of degrees awarded in General Business for each race & ethnicity. White students earned the largest share of the degrees with this major.

Race & Ethnicity by Sex

Most Common Race/Ethnicity and Sex Combination

White Male
7,970 degrees awarded
White Female
5,838 degrees awarded
Black or African American Female
2,332 degrees awarded

This chart illustrates the differences by sex for each race & ethnicity of Bachelors Degree recipients in General Business.

White Male students, who earn most of the degrees in this field, are the most common combination of race/ethnicity and sex.

Global Diversity

The closest comparable data for the 6 Digit Course General Business is from the 2 Digit Course Business.

Most Common Countries of Origin

India
163,161 degree recipients
Philippines
140,233 degree recipients
Mexico
135,137 degree recipients

High Relative Number of Students

Mongolia
3.04 times more than expected
Cyprus
2.74 times more than expected
Zimbabwe
2.7 times more than expected

There are a relatively high number of people that were born in Mongolia that hold Business degrees (3.04 times more than expected), and the most common country of origin by total numbers for non-US students earning a degree in this field is India (163,161 degree recipients).

Skills

Data on the critical and distinctive skills necessary for those working in the General Business field from the Bureau of Labor Statistics. General Business majors need many skills, but most especially Monitoring. The revealed comparative advantage (RCA) shows that General Business majors need more than the average amount of Management of Financial Resources, Management of Material Resources, Management of Personnel Resources, Operation and Control, Troubleshooting, Repairing, Operation Monitoring, Operations Analysis, Coordination, Negotiation, Monitoring, Quality Control Analysis, Equipment Maintenance, Time Management, Systems Evaluation, Persuasion, Systems Analysis, Mathematics, Complex Problem Solving, Social Perceptiveness, Speaking, Instructing, Judgment and Decision Making, Learning Strategies, Critical Thinking, Active Listening, Reading Comprehension, Active Learning, Service Orientation, Writing, Equipment Selection, Technology Design, Programming, Science, and Installation.

These two visualizations, one a radial chart and one a bar chart, show the same information, a rating of how necessary the following skills are for General Business majors. Toggle between "value" and "RCA" to see the absolute rating of that skill (value) and the revealed comparative advantage (RCA), or how much greater or lesser that skill's rating is than the average. The longer the bar or the closer the line comes to the circumference of the circle, the more important that skill is. The importance of Management of Financial Resources is very distinctive for majors, but the Monitoring, Critical Thinking, Speaking, Reading Comprehension, Coordination, Active Listening, Management of Personnel Resources, Time Management, Judgment and Decision Making, Complex Problem Solving, Writing, Active Learning, Social Perceptiveness, Systems Evaluation, Negotiation, Systems Analysis, Persuasion, Management of Financial Resources, Management of Material Resources, Instructing, Mathematics, Learning Strategies, Service Orientation, Operation Monitoring, Operations Analysis, Quality Control Analysis, Operation and Control, Troubleshooting, Science, Technology Design, Repairing, Programming, Equipment Maintenance, Equipment Selection, and Installation are the three most important skills for people in the field.