Is a business degree worth it? How hard is earning a business degree? How much does a business degree cost?
You probably have a lot of questions about the future of a business career. We have the answers.
Job growth rates in business-related fields are ticking upward every year. By 2020, the Bureau of Labor Statistics projects job growth rates for the following fields:
- Financial Analyst (23%)
- Human Resource specialists (21%)
- Accountants and Auditors (16%)
The difficulty of a business degree can vary. At UC Berkeley, the business administration graduating class of 2017 had an average GPA of 3.54. In 2013, Stanford’s business school grads averaged 3.73 GPA.
Some business degrees are expensive, and some are cheap. For instance, the cheapest university on this list is New York University, with a net tuition of only $10,068. The most expensive school is Bentley University, at $37,657.
Top traditional schools and online colleges pay close attention to student needs. Flexible schedules and adaptable coursework create learning environments for people around the world. College Choice also ranked the Best Online Business Degrees.
Should You Get A Business Degree?
Are you pursuing a career that involves management, administration, or finance? Are you considering a master’s degree in a related field, but have not yet narrowed your options down? Do you want a flexible degree with high chances of immediate employment?
If your answer is “yes,” then continue reading.
Business was the most popular major in 2016, according to College Factual. Business degrees remain popular because they are practical and applicable.
A business degree is the Swiss Army Knife of all majors. You will learn math for practical analysis. You will learn interpersonal communication skills. You will learn to assess the strengths and weaknesses of your projects and yourself. You will be a valuable member of a company, or you can be your own boss. For business majors, the world is full of opportunity.
What Type of Business Degree Should You Get?
An undergraduate degree in business provides a generalized knowledge of the business world. From there, you can specialize in areas such as accounting, human resources, and management.
Some popular specializations include public relations, marketing, economics, and management. Of course, these can all be their own separate degrees — the value of a business degree comes from its broad application and flexibility.
An MBA also offers specialization, such as in communication, finance, ethics, and entrepreneurship.
What Can You Do with a Business Degree?
The most common occupations for business majors are accountants, auditors, and general managers. Other options include financial managers and executives.
Business degrees boost management skills in general. Many business majors become managers in their fields. The highest paying jobs for business graduates are in marketing, finance, and sales.
How much money can you make with a Business Degree?
Business majors were the fourth-highest-paid graduates in 2017. This is according to the National Association of Colleges and Employers.
A sampling of the average salaries for some business-related careers gives a good impression of the major. These statistics come from PayScale:
- Financial Analyst: $57,104
- Accountant: $49,450
- Human Resources Manager: $63,324
- Office Manager: $46,112
What are the Best Business Schools?
Below you will find the best business schools in the country.
College Choice uses a variety of sources to create this list. These include quality, affordability, value, and reputation.
Quality comes from the school’s retention and graduation rates, faculty strength, and curriculum. We pull these stats from the Integrated Postsecondary Education Data System.
Reputation takes into account the school’s rankings from other organizations like The Princeton Review.
Value and Affordability factor in the net tuition price of each school. They also estimate the return on investment from getting a degree there.
Satisfaction measures how much students enjoyed their school experience. Was it worth the money? Did they have fun? Would they recommend the program?
These five statistics combined determine the 50 Best Business Schools in the country. Consider these schools in your search for a promising and rewarding career.
Best Undergraduate Business School Ranking
See our rankings methodology page.
Massachusetts Institute of Technology
College Choice Score: 100
Average Net Price: $21,576
The Massachusetts Institute of Technology is home to the Sloan School. This is one of the top undergraduate business schools in America. Getting a degree from MIT is an accomplishment in and of itself, so it is no surprise that students demand the very best from the school. It continues to be a leader in business education and has evolved its curriculum.
Sloan offers three degrees in its Course 15 series. The majors include management, business analytics, and finance. Students create their own concentrations and specializations to complement their degree. Degrees and concentrations offered at this school include:
- Business Analytics
- Management Science
Sloan keeps class sizes small and adopts an experiential-based learning method. These improvements are the primary reason MIT is at the top of the list.
University of California at Berkeley
College Choice Score: 98.49
Average Net Price: $30,014
The Haas School of Business is a great institution. It is housed at the University of California at Berkeley. The premier school is perfect for undergraduates interested in a business degree.
Haas confers an undergraduate degree in business administration. It comes with six concentrations, giving business majors the ability to further specialize in one aspect of business. Elective courses are also available in more advanced topics such as brand management and leadership. Degrees and concentrations offered at this school include:
- Organizational Behavior
- Business Communication
One of the most popular concentrations at Haas is the global management concentration. This is a concentration on international business. Students must spend at least one semester abroad and be proficient in a second language to graduate with distinction.
University of Pennsylvania
College Choice Score: 98.12
Average Net Price: $17,160
The University of Pennsylvania’s most famous institution is the Wharton School of Business. It is one of the top business colleges in the country and has a notoriously competitive admissions process. Wharton is an Ivy League school and combines small classrooms with large opportunities.
Undergraduates at Wharton graduate with a bachelor of science in economics. Concentration options include business, economics, real estate, and social responsibility. Degrees and concentrations offered include:
- Multinational Management
- Legal Studies & Business Ethics
- Business Economics & Public Policy
- Environmental Policy & Management
- Global Analysis
This was the first business school created at the collegiate level. From study-abroad opportunities to internships, students enjoy great opportunities.
University of Michigan
College Choice Score: 96.12
Average Net Price: $22,944
The University of Michigan at Ann Arbor is a fascinating school on this list. The Ross School of Business confers one undergraduate degree for business majors. Ross students can receive the bachelor of business administration through the MERGE curriculum.
This is a specialized curriculum developed by the Ross faculty. It is a three-year program that prepares students for business. Students can also pursue interests that tie into business and management. The program culminates in a capstone project that showcases a student’s skills and knowledge. Learners often include the capstone on their resume. Degrees and concentrations offered include:
- Bachelor of Business Administration
The MERGE curriculum is a dynamic and innovative approach to the traditional BBA program. The school sets the foundation for positive leadership and communication skills. Students start off on the same curriculum and then pursue other interests. A reported 96% of students find employment within three months of graduation.
University of North Carolina
College Choice Score: 96.03
Average Net Price: $16,107
The Kenan-Flagler Business School resides at the University of North Carolina at Chapel Hill. This well-regarded business school hosts many options for students. It is one of the most flexible schools on this list in terms of academic requirements. The school is regionally accredited by SASCOC.
Kenan-Flagler students receive an undergrad degree in business. They can customize the degree through two of 10 areas of emphasis. Students can also choose a minor. If a student chooses this path, they should speak with an admissions advisor to ensure they graduate on time. Degrees and concentrations offered at this school include:
- Investment Management
- International Business
- Marketing Management
- Multinational Finance
The school is also known for its undergraduate global programs. There are a variety of programs from which to choose. These include intensives that last for a week and semester-long programs at one of 18 universities around the world.
College Choice Score: 94.82
Average Net Price: $10,077
Cornell University houses Cornell Business, the school’s institution for business students. Here, business students can find many majors and concentrations to help them fulfill their business goals. Cornell is known for diversity among its student body and its faculty, as well as for its small class sizes. For business students, opportunities to enter case competitions or developing ideas is right on campus.
Cornell Business offers a bachelor of science in applied economics and management. The program comes with 11 concentration options. Additionally, the school offers a bachelor of science in hotel administration. Degrees and concentrations offered at this school include:
- Environmental, Energy, and Resource Economics
- International Trade and Development
- Agribusiness Management
- Food Industry Management
- Business Analytics
The Dyson School offers a myriad of concentrations found nowhere else. The school offers specialized degrees that prepare students for careers in unique industries.
University of Texas at Austin
College Choice Score: 92.17
Average Net Price: $35,250
The University of Texas at Austin is home to the McCombs School of Business, a leading business education institution. This school offers a strong selection of undergraduate majors and concentrations. The school is regionally accredited by SASCOC.
McCombs is one of the largest schools of its kind in the country, educating more than 6,000 students every year. The school confers four undergraduate degrees, including one for non-business majors. The business degree comes with 10 majors and a selection of concentrations. Degrees and concentrations offered at this school include:
- Texas B.B.A., International Business
- International Business
- Science and Technology Management
- Supply Chain Management
McCombs pairs undergraduate students with case competitions, study-abroad opportunities, and internships. The university is known for job placement stemming from one of these programs.
University of Notre Dame
College Choice Score: 89.79
Average Net Price: $16,010
The Mendoza College of Business is where Notre Dame students go for their business needs. The school confers undergrad degrees to business students. Students gain real-world experience through their education. The business school takes a holistic and spiritual approach to education.
Mendoza confers seven business majors. Among these are business analytics and innovation and leadership. Degrees and concentrations offered at this school include:
- Management & Organization
- Information Technology, Analytics, and Operations
Students spend as much time out of the classroom learning through experience as they do in the classroom. This prepares them for the challenges that they will face in the business world. By offering solid networking, Notre Dame falls in the top five.
Washington University in St. Louis
College Choice Score: 89.36
Average Net Price: $26,683
Washington University in St. Louis is home to the Olin Business School. This institution offers undergraduates many options when choosing a bachelor’s degree. Olin is always on the top of the undergraduate business school rankings.
The school confers a bachelor of science in business administration degree. The degree is one of the most desired degrees by employers. The school has eight majors, a number that is rarely rivaled by any other school. Degrees and concentrations offered include:
- Operations and Supply Chain Management
- Economics and Strategy
- Leadership and Strategic Management
The school believes in having students put into practice what they learn. Students work on case studies and in teams, operating businesses on school property. It’s no wonder that students with an eye towards entrepreneurship flock to Olin.
Carnegie Mellon University
College Choice Score: 89.01
Average Net Price: $17,971
Carnegie Mellon University is no doubt one of the best-known schools on this list. The Tepper School of Business offers quality business degrees to students. Tepper currently has partnerships with six business institutions around the world.
Tepper confers two degrees to undergraduates. These are the bachelor of science in business administration and computational finance. The BSBA is the most popular, and students can choose to concentrate their studies in one of 10 specializations. Degrees and concentrations offered at this school include:
- Graphic Media Management
- International Business
- Leadership and Organizational Effectiveness
- Operations Management
This is a perfect addition to a business education for international business students. The school does not require studying abroad, but it is encouraged. The faculty believes this is the best way for students to learn how international business works.
University of Wisconsin
College Choice Score: 88.95
Average Net Price: $28,824
The University of Wisconsin at Madison is well known for its School of Business. An undergraduate business program can fit nearly every student’s needs and desires. The School of Business offers a bachelor of business administration with ten majors.
Each program is unique and comes with its own set of requirements. Some, like the international business major, come with a dual-major requirement. Others require internships or other work opportunities. Degrees and concentrations offered at the school include:
- Finance, Investment, and Banking
- International Business
- Real Estate
- Risk Management and Insurance
UW encourages students to dual major within the School of Business. This gives undergraduates the chance to fulfill two majors or concentrations within the same field of study. By doing this, they can further their knowledge and add value to their resume.
University of Illinois
College Choice Score: 88.56
Average Net Price: $15,874
The College of Business at the University of Illinois at Urbana-Champaign has a long tradition of excellence in education. This is a research business school that contributes as much to business education as it does teaching the field. Students spend a lot of time learning about business outside of the classroom, such as on study-abroad trips.
UIUC confers seven undergraduate business degrees. Topics of study include accountancy and supply chain management. The school also has three concentrations within its B.S.M. program. These include topics in entrepreneurship, general management, and international business. Degrees and concentrations offered at this school include:
- Bachelor of Science in Accountancy
- Bachelor of Science in Supply Chain Management
- Bachelor of Science in Information Systems and Information Technology
- Bachelor of Science in Business Process Management
- Bachelor of Science in Finance
The school is known for having the world’s largest consultancy firm entirely run by students. All of this helps cement a student’s understanding of the business education they have earned.
University of Virginia
College Choice Score: 88.24
Average Net Price: $24,804
The University of Virginia is one of the best public universities in the nation. Its campus is considered one of the most beautiful and happiest. These reasons are enough to encourage you to consider getting your business degree at their McIntire School of Commerce. McIntire encourages its students to incorporate an international study experience into their curriculum.
There are many programs from which to choose. Students can supplement their degree with the global commerce track. Learners take classes on global sustainability and manufacturing in the global economy. Another class is available in investing in a sustainable future. Degrees and concentrations offered at this school include:
- Information Technology
McIntire students are fully prepared to lead in a diverse array of business settings. Students work closely with faculty inside the classroom. Faculty also help with career building and counseling.
Ohio State University
College Choice Score: 85.85
Average Net Price: $26,625
The Fisher College of Business at Ohio State University is one of the best undergraduate business schools in the country. Degrees include aviation management and real estate. The school is the perfect fit for ambitious students. Fisher offers a bachelor of science in business administration.
Students can customize their degree plan with a dozen different specializations and over 100 minors. Degrees and concentrations offered at this school include:
- Aviation Management
- Real Estate
- Human Resources
- Logistics Management
Faculty are actively involved in research within business education. The school’s instructors have some programs where students can aid in research. Students help them develop new research tools and provide studies for academic journals.
Georgia Institute of Technology
College Choice Score: 85.75
Average Net Price: $13,340
Georgia Institute of Technology is home to the Scheller College of Business. This school confers an undergrad degree in business that meets student’s needs. This institute is regionally accredited by SACSCOC. The business school is independently accredited by AACSB International.
Scheller offers a bachelor of science in business administration. The degree comes with six majors and seven concentrations. The school also offers seven certificates. Students can complete these during their undergrad studies. This can be a huge help to any business major who is currently looking for work while at school. Degrees and concentrations at this school include:
- Operations and Supply Chain Management
- Leading and Managing Human Capital
- Information Technology Management
Studying abroad while at Scheller is simple. Students have access to business-specific study abroad programs. Students can also complete the international management certificate. The program requires 26 weeks in a region of their choice.
College Choice Score: 83.77
Average Net Price: $15,945
The Krannert School of Management is a part of Purdue University in West Lafayette. It is an undergraduate business school that confers a selection of useful business degrees. Krannert is often thought of as one of the top business colleges in the country.
Students accepted into the school are among the best and the brightest. They are also the most ambitious when it comes to business. For this reason, the school confers eight undergraduate degrees, all of which are in demand from employers. Degrees and concentrations offered at this school include:
- Industrial Management
- Supply Chain, Information, and Analytics
- Strategy and Organizational Management
The school is also known for encouraging study abroad for all its students. With over 100 different programs available, every student can find an international opportunity.
University of Florida
College Choice Score: 82.90
Average Net Price: $11,693
The University of Florida houses a School of Business within a College of Business. The Heavener School of Business is under the watchful eye of the Warrington College of Business. This university is regionally accredited by SASCOC.
Heavener confers three undergraduate degrees in business, including the BAccy, the B.S.B.A., and the BABA. There are five majors and six concentrations that help students create a useful degree. Degrees and concentrations offered at this school include:
- Bachelor of Science in Accounting
- Bachelor of Science in Business Administration, Economics
- Bachelor of Arts in Business Administration, General Studies
- Bachelor of Science in Business Administration, Marketing
- Entrepreneurship minor
The school is also known for its international case competition, an annual event that takes place in February. This competition sees undergraduate students from all over the world. They compete in timed case studies for the chance at a prize and perhaps even a job offer.
College Choice Score: 81.78
Average Net Price: $12,864
Emory University’s Goizueta Business School is one of the best undergraduate business schools in the country. Its internationally recognized program blends classroom experience with experiential learning. This method of teaching sees students take classroom learning into the real world.
Goizueta offers a bachelor of business administration. The degree comes with five majors and four concentrations. Options include accounting and finance. The school also confers four joint concentrations with Emory College. This allows business majors to choose interesting concentrations, such as philosophy. Degrees and concentrations offered at the school include:
- Information Systems and Operation Management
- Strategy and Management Consulting
Students enjoy small class sizes and engaging faculty support. The school ensures mastery over skills before moving on to an advanced concept.
University of Southern California
College Choice Score: 81.15
Average Net Price: $16,683
The University of Southern California is home to the Marshall School of Business. Business majors enjoy a suite of undergrad business degrees from one of the top business schools in the world. The school confers three undergraduate degrees, including the world bachelor of business program.
Programs see international business students travel from the main USC campus to Hong Kong and Milan for one year each. This culminates in a cultured education that prepares students for international business. Degrees and concentrations offered at this school include:
- World Bachelor in Business
- Bachelor in Business Administration
- Bachelor of Science in Accountancy
- Consumer Behavior
- Business Law
Marshall is one of the best schools for business majors. Student education in the major begins the very first semester. Students also get to learn in the field and through case studies, all taught by a world-renown faculty. From the school’s small class sizes to the large alumni network, this school has it all.
University of Maryland
College Choice Score: 80.58
Average Net Price: $14,761
The University of Maryland at College Park is best known for the Robert H. Smith School of Business. The school is one of the premier institutions for business education. The university is regionally accredited by MSCHE. The business school holds further accreditation from the AACSB.
Smith confers eight undergraduate business degrees, most which generalize in a field of study. It is possible for a student to earn a 4+1 BS/MS degree. This program allows students to fast track their undergrad and graduate education. They can complete two degrees in less than five years. Degrees and concentrations offered at this school include:
- International Business
- Information Systems
- Operations Management and Business Analytics
The University of Maryland is known for experiential learning and intensive academic curricula. This includes its famous CORE curriculum, which is a requirement for all students.
University of Washington
College Choice Score: 79.51
Average Net Price: $16,734
The University of Washington is home to the Foster School of Business. The school is known both for its undergrad offerings and its degree specialties. Graduates have marketable skills to attract potential employers.
Foster confers a bachelor of arts in business administration. Students can either get a general degree or opt for one of seven specializations. Specializations include marketing and operations and supply chain management. Degrees and concentrations offered at this school include:
- Human Resources
Experiences within programs include consultation opportunities, global and start-up programs, internships, and competitions. While these are not required, it is recommended that students complete at least one of these programs.
College Choice Score: 77.32
Average Net Price: $25,055
Georgetown University is a formidable school, and so it makes sense that the McDonough School of Business would follow in that same vein. This school for undergrad business students combines business with a liberal arts curriculum. McDonough has small class sizes led by a great faculty of mainly tenured professors.
The school confers the bachelor of business administration to undergraduate business majors. The degree comes with six majors, most of them focusing on international affairs in business. Students also take part in the McDonough co-curricular program. This gives students the ability to enjoy hands-on learning opportunities while studying. Degrees and concentrations offered at this school include:
- International Business Regional Studies
- International Political Economy and Business
- Management, Leadership, and Innovation
Study-abroad programs help students immerse themselves in a new culture. There are currently 70 schools and 35 countries from which to choose. This ensures that every student has the chance to study in a region interesting to them.
University of Minnesota
College Choice Score: 76.87
Average Net Price: $15,757
The University of Minnesota at Twin Cities is home to the Carlson School of Management. This school houses the university’s only undergraduate business degree. Carlson is one of the larger business and management schools on this list.
The school currently offers degrees within a variety of complex and interesting departments. Students often opt for dual majors within the school. Undergrads can earn the bachelor of science in business degree with 10 majors and 10 minors. Degrees and concentrations offered include:
- Bachelor of Science in Business Human Resources and Industrial Relations
- Bachelor of Science in Business Human Resources
- Bachelor of Science in Business Public and Nonprofit Management
- Bachelor of Science in Business Supply Chain and Operations Management
- Bachelor of Science in Business Finance and Risk Management Insurance
Undergraduates must take at least one international or study-abroad experience. Students can learn more about this requirement at the Carlson Global Institute website.
Pennsylvania State University
College Choice Score: 76.77
Average Net Price: $32,932
Pennsylvania State University has a strong undergrad business program for students. Students can integrate their business studies with the core curriculum. The business school has a large alumni network. It boasts around 75,000 professionals worldwide.
The business school admits students during their first year at school. This allows faculty to teach a business foundation prior to a student moving into their chosen major or minor. The school supports a dozen majors and minors that students can customize. Degrees and concentrations offered at this school include:
- Corporate Innovation and Entrepreneurship
- Management Information Systems
- Risk Management
- International Business
A large network gives undergrads the chance to work with companies worldwide. Research and study abroad opportunities are also available.
Brigham Young University
College Choice Score: 76.13
Average Net Price: $14,956
The Marriott School of Business confers bachelor’s degrees in business and management. This school is regionally accredited by the Northwest Commission on Colleges and Universities.
Marriott confers five bachelor of science degrees, some of which come with their own specialized tracks. These degrees are perfect for students with specialized interests. Fields of study include accountancy and finance. Degrees and concentrations offered include:
- Global Supply Chain
- Organizational Behavior Human Resources
- Recreation Management
- Minor in Nonprofit Management
There are 10 departments, three centers, two institutes, internships, and study-abroad programs. The school is a private institution with multiple specializations.