Small Business Administration & Management

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    Total Degrees​
    Awarded in 2024
    3,118
    growing 5.73%
    Median In-State​
    Public Tuition
    $3,030
    growing 21.4%
    Median Out-of-State​
    Private Tuition
    $32,790
    growing 6.04%
    Average Wage
    $112,167
    growing 2.15%
    People in Workforce
    12.5M
    growing 2.33%
    Average Employee Age
    44.1
    growing 0.119%

    About

    BusinessEntrepreneurial & Small Business Operations

    Institutions

    Information about the types of higher education institutions that grant degrees in Small Business Administration & Management and the types of students that study this field. Seminole State College of Florida awards the most degrees in Small Business Administration & Management in the US, but Miami University-Middletown and Miami University-Hamilton have the highest percentage of degrees awarded in Small Business Administration & Management.

    Tuition costs for Small Business Administration & Management majors are, on average, $3,030 for in-state public colleges, and $32,790 for out of state private colleges.

    The most common sector, by number of institutions, that offers Small Business Administration & Management programs are Public, 2-year institutions (145 total). The most common sector, by number of degrees awarded, is Public, 4-year or above (1,649 completions).

    Institutions

    Institution with the Most Degrees Awarded in Small Business Administration & Management (2024)
    1. Seminole State College of Florida
      341 degrees awarded
    2. Irvine Valley College
      237 degrees awarded
    3. Los Angeles Valley College
      168 degrees awarded

    The most common sector, by number of degrees awarded in Small Business Administration & Management, is Public, 4-year or above (1,649 completions in 2024).

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

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    Tuition Costs for Common Institutions

    $3,030
    Median In-State Public
    $32,790
    Median Out of State Private

    Seminole State College of Florida has the most Small Business Administration & Management degree recipients, with 341 degrees awarded in 2024.

    The following bar chart shows the state tuition for the top 5 institutions with the most degrees awarded in Small Business Administration & Management.

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    Specialized Colleges

    Highest Concentration Institution
    1. Miami University-Middletown
      18%
    2. Miami University-Hamilton
      16%
    3. Johnson & Wales University-Charlotte
      9.22%

    Out of all institutions that offer Small Business Administration & Management programs and have at least 5 graduates in those programs, Miami University-Middletown has the highest percentage of degrees awarded in Small Business Administration & Management, with 18%.

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    Degrees Awarded by County

    Counties with the Most Degrees Awarded in Small Business Administration & Management
    1. Los Angeles County, CA
      354 degrees awarded
    2. Seminole County, FL
      341 degrees awarded
    3. Orange County, CA
      269 degrees awarded

    This map shows the counties in the United States colored by the highest number of degrees awarded in Small Business Administration & Management by year.

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    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 $112,167 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 Internet publishing, broadcasting & web search portals.

    Yearly Income for Common Jobs

    The closest comparable data for the 6 Digit Course Small Business Administration & Management is from the 2 Digit Course Business.
    $112,167
    Average Wage in Workforce
    ± $790
    2.15%
    1 Year Growth
    ± 0.984%

    The average salary for Business majors is $112,167 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.

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    Highest Paying Locations

    The closest comparable data for the 6 Digit Course Small Business Administration & Management is from the 2 Digit Course Business.
    Highest Paying Pumas
    1. Marin County (Southeast)--San Rafael (South), Mill Valley & Sausalito Cities PUMA, CA
      $240,295
    2. Western Central PUMA, CT
      $239,858
    3. NYC-Manhattan Community District 7--Upper West Side PUMA, NY
      $238,635

    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.

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    Most Common

    The closest comparable data for the 6 Digit Course Small Business Administration & Management is from the 2 Digit Course Business.

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

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    Most Specialized

    The closest comparable data for the 6 Digit Course Small Business Administration & Management 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 examiners, and Financial analysts.

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    Highest Paid

    The closest comparable data for the 6 Digit Course Small Business Administration & Management is from the 2 Digit Course Business.

    The highest paid occupations by median income for Business majors are Surgeons, Physicians, and Nuclear medicine technologists and medical dosimetrists.

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    Occupations by Share

    The closest comparable data for the 6 Digit Course Small Business Administration & Management is from the 2 Digit Course Business.
    12.5M
    2024 Workforce
    ± 83,278
    2.33%
    1 Year Growth
    ± 0.925%

    The number of Business graduates in the workforce has been growing at a rate of 2.33%, from 12.2M in 2023 to 12.5M in 2024.

    The largest single share of Business graduates go on to work as Accountants & auditors (8.7%). This chart shows the various jobs filled by those with a major in Business by share of the total number of graduates.

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    Most Common

    The closest comparable data for the 6 Digit Course Small Business Administration & Management is from the 2 Digit Course Business.

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

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    Highest Paid

    The closest comparable data for the 6 Digit Course Small Business Administration & Management is from the 2 Digit Course Business.

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

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    Industries by Share

    The closest comparable data for the 6 Digit Course Small Business Administration & Management is from the 2 Digit Course Business.
    12.5M
    2024 Workforce
    ± 83,278
    2.33%
    1 Year Growth
    ± 0.925%

    The number of Business graduates in the workforce has been growing at a rate of 2.33%, from 12.2M in 2023 to 12.5M in 2024.

    The industry which employs the most Business graduates by share is Elementary & secondary schools, followed by Computer Systems Design. This visualization shows the industries that hire those who major in Business.

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    Specialty Locations

    The closest comparable data for the 6 Digit Course Small Business Administration & Management is from the 2 Digit Course Business.
    PUMAS with a relatively high number of Business majors
    1. Dallas City (Downtown)--North of I-30 PUMA, TX
      2.89
    2. Chicago City (North)--Lake View & Lincoln Park PUMA, IL
      2.85
    3. NYC-Manhattan Community Districts 5 & 6--Midtown, East Midtown, & Flatiron PUMA, NY
      2.84

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

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    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 44.1.

    N/A Female employees are more likely to hold Business degrees, and White students are the most common race/ethnicty group awarded degrees in Business (1,229 students).

    Workforce Age

    The closest comparable data for the 6 Digit Course Small Business Administration & Management is from the 2 Digit Course Business.
    44.1
    Average Age in 2024
    ± 0.0901 Years
    0.119%
    1 Year Change
    ± 0.289%

    This chart shows distribution of ages for employees with a degree in Business. The most common ages of employees with this major are 40 and 39 years old, which represent 2.67% and 2.6% of the population, respectively.

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    Workforce Degrees

    The closest comparable data for the 6 Digit Course Small Business Administration & Management 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.

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    Sex Imbalance for Common Institutions

    Female (57.6%)
    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 Small Business Administration & Management.

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    Race & Ethnicity by Degrees Awarded

    Degrees
    Most Common Race or Ethnicity
    1. White
      1,229 degrees awarded in 2024
    2. Hispanic or Latino
      835 degrees awarded in 2024
    3. Black or African American
      441 degrees awarded in 2024

    This chart shows the number of degrees awarded in Small Business Administration & Management for each race & ethnicity.

    In 2024, White students earned the largest share of the degrees with this major.

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    Race & Ethnicity by Sex

    Degrees

    This chart illustrates the differences by sex for each race & ethnicity of Associates Degree recipients in Small Business Administration & Management.

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    Global Diversity

    The closest comparable data for the 6 Digit Course Small Business Administration & Management is from the 2 Digit Course Business.
    Most Common Countries of Origin
    1. India
      191,530 degree recipients
    2. Mexico
      166,769 degree recipients
    3. Philippines
      143,641 degree recipients
    High Relative Number of Students
    1. Singapore
      2.5 times more than expected
    2. Mongolia
      2.45 times more than expected
    3. Denmark
      2.41 times more than expected

    There are a relatively high number of people that were born in Singapore that hold Business degrees (2.5 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 (191,530 degree recipients).

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    Skills

    Data on the critical and distinctive skills necessary for those working in the Small Business Administration & Management field from the Bureau of Labor Statistics. Small Business Administration & Management majors need many skills, but most especially Writing. The revealed comparative advantage (RCA) shows that Small Business Administration & Management majors need more than the average amount of Operations Analysis, Systems Analysis, and Systems Evaluation.

    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 Small Business Administration & Management 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 Operations Analysis is very distinctive for majors, but the Writing, Reading Comprehension, and Speaking are the three most important skills for people in the field.

    Radar Distribution

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    Bar Chart

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