Other degree levels for this field: Associate degrees · Bachelor's degrees · Certificates and diplomas

This page shows what graduates with a master's degree in Business/Commerce, General earn four years after graduating, what they typically owe, the schools that report these figures (listed alphabetically), and the occupations linked to this field by the federal CIP-to-SOC crosswalk. It covers 76 reporting units (schools, or groups of campuses that report together) with these figures.

Median earnings, 4 years after graduation
$125,988
All graduates nationally
Middle half of graduates nationally
$83,879–$189,086
25th to 75th percentile

In context: across the 61 master's-degree fields with earnings reported by at least 30 schools or school groups, the typical field's median is $74,139; this field's median of $125,988 is 70% above that. The middle half of its graduates differ by $105,207 (25th to 75th percentile), wider than the typical field's $44,659, so where a graduate lands within the field varies a lot. These are group figures, not predictions for any graduate.

Schools reporting earnings for Business/Commerce, General graduates

Listed alphabetically to start; MajorPays does not rank schools. Click a column heading to sort; shift-click more headings to sort by several columns as a group. Median earnings four years after graduation, master's degree, for programs with at least 30 graduates measured (64 reporting units; campuses that share one federal school ID report together and appear once). Schools with fewer graduates in the major, or whose figure the Department of Education withholds, are not listed.

SchoolStateMedian earnings, 4 years afterGraduates measured
Azusa Pacific UniversityCA$85,42044
Ball State UniversityIN$120,992124
Belmont UniversityTN$113,80664
Bethel UniversityTN$70,110181
California Baptist UniversityCA$89,018171
Campbellsville UniversityKY$76,56846
Colorado State University PuebloCO$84,99530
Columbia CollegeMO$87,915160
Concordia University-NebraskaNE$75,28959
Creighton UniversityNE$122,10538
Drexel UniversityPA$142,843155
Emory UniversityGA$209,140154
Florida State UniversityFL$107,889164
Georgia College & State UniversityGA$94,46833
Georgia State UniversityGA$143,079150
Gonzaga UniversityWA$104,49596
Grand Valley State UniversityMI$128,10860
Indiana Institute of TechnologyIN$78,881104
Indiana University-BloomingtonIN$161,345821
Indiana University-IndianapolisIN$171,615114
Indiana University-NorthwestIN$118,38542
Indiana University-South BendIN$115,94738
Johns Hopkins UniversityMD$158,699282
Lindenwood UniversityMO$85,320166
Loyola Marymount UniversityCA$140,53295
Loyola University New OrleansLA$92,65437
Marshall UniversityWV$77,13678
Maryville University of Saint LouisMO$102,806189
Massachusetts Institute of TechnologyMA$258,152346
Medaille UniversityNY$78,14082
Mercer UniversityGA$101,623245
Michigan State UniversityMI$188,085121
Morehead State UniversityKY$89,39954
Murray State UniversityKY$96,69172
Nebraska Wesleyan UniversityNE$91,02147
Northeastern University (reported together with 1 other campus under one federal school ID)MA$148,490188
Northwestern UniversityIL$240,637825
Post UniversityCT$101,82697
Purdue University Fort WayneIN$113,00152
Saint Joseph's University - PhiladelphiaPA$141,00376
Schreiner UniversityTX$71,62170
Spalding UniversityKY$61,09637
The College of Saint ScholasticaMN$106,676132
The University of Texas Rio Grande ValleyTX$87,82292
Tulane University of LouisianaLA$113,67232
University of Central FloridaFL$108,978148
University of CharlestonWV$75,24741
University of DenverCO$133,993160
University of KentuckyKY$111,868141
University of LouisvilleKY$110,622150
University of Missouri-ColumbiaMO$123,99963
University of Missouri-Kansas CityMO$119,601114
University of Missouri-St LouisMO$129,101167
University of New Hampshire-Main CampusNH$123,477105
University of North FloridaFL$81,37641
University of North GeorgiaGA$97,80946
University of Puerto Rico-Rio PiedrasPR$57,61943
University of RedlandsCA$107,52269
University of Virginia-Main CampusVA$180,117174
University of Wisconsin-MadisonWI$160,09799
University of Wisconsin-WhitewaterWI$102,812192
Utah Valley UniversityUT$110,27081
Virginia Commonwealth UniversityVA$108,337149
West Virginia UniversityWV$119,013165

See every school that awarded master's degrees in Business/Commerce, General in 2023-24, including schools that do not report earnings, with the number of degrees awarded (IPEDS Completions).

Occupations O*NET associates with this field

Occupations that U.S. Department of Labor O*NET data links to Business/Commerce, General programs, with each occupation's national median pay, projected job growth and yearly openings. They are listed in the order O*NET links them to this field; click a column heading to sort. This is a classification crosswalk, not evidence that graduates enter these jobs, and many of these occupations require more education, a license or experience beyond this credential. The figures describe the occupation, not the graduates of this major.

CareerMedian pay, 2025Projected growth, 2025–2035Openings per year
Chief Executives$213,990+3.2%19,100
Chief Sustainability Officers$213,990+3.2%19,100
General and Operations Managers$105,770+5.0%285,000
Sales Managers$148,270+4.5%47,300
Administrative Services Managers$114,130+5.2%22,000
Facilities Managers$106,660+4.6%14,200
Security Managers$106,660+4.6%14,200
Industrial Production Managers$126,060+2.6%17,000
Quality Control Systems Managers$126,060+2.6%17,000
Geothermal Production Managers$126,060+2.6%17,000

Frequently asked questions

Does a master's degree in Business/Commerce, General pay off?

Graduates with a master's degree in Business/Commerce, General earn a median of $125,988 four years after graduating. Earnings four years out are early-career pay, and they vary widely by school, job and place. Compare the pay with the cost of your own school on its graduate earnings page.

How much do college graduates earn overall?

See earnings by education level and by state.

Do Business/Commerce, General graduates work in their field?

The National Survey of College Graduates (2023) asked employed graduates whose highest degree is a master's in management and administration fields how closely their job relates to their degree. About 53% said closely related, 37% somewhat related and 10% not related (roughly 3.5 million graduates). This is a broad group of fields, not only Business/Commerce, General, and a job outside the field is not a bad outcome by itself.

Closely relatedSomewhat relatedNot related

Source: U.S. National Science Foundation, National Center for Science and Engineering Statistics, National Survey of College Graduates, 2023 (Table 1-3, master's level, all occupations). Survey estimates, rounded by NSF. MajorPays selected and reorganized these figures; NSF has not approved or endorsed them.

Source: U.S. Dept. of Education, College Scorecard field-of-study data (June 2026 release), licensed under Creative Commons Attribution; careers from O*NET 31.0 by the U.S. Dept. of Labor, ETA, licensed under CC BY 4.0. Career pay, growth and openings: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (May 2025) and Employment Projections (2025-2035). MajorPays has selected and reorganized these figures; neither agency has approved or endorsed them. O*NET® is a trademark of USDOL/ETA. MajorPays has modified all or some of the O*NET information; USDOL/ETA has not approved, endorsed, or tested these modifications. Earnings are for graduates who received federal financial aid and were working and not enrolled four years after finishing (graduates of academic years 2014-15 and 2015-16, in 2021 dollars; the debt figures are for graduates of 2018-19 and 2019-20); the data says nothing about how much a school added to its graduates' earnings.