Small Business Administration & Management

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Total Degrees
Awarded in 2022

2,815

growing 20%

Median In-State
Public Tuition

$3,292

growing 0%

Median Out-of-State
Private Tuition

$29,972

growing 0.174%

Average Wage

$105,798

growing 8.23%

People in Workforce

11.9M

growing 2.36%

Average Employee Age

43.9

growing 0.00756%

About

In 2022, the locations with the highest concentration of Small Business Administration & Management degree recipients are Sanford, FL, Irvine, CA, and Pasadena, CA. In 2022, the locations with a relatively high number of Small Business Administration & Management degree recipients are Middletown, OH, Hamilton, OH, and Chief Lake, WI. The most common degree awarded to students studying Small Business Administration & Management is a certificate of at least 1 but less than 2 academic years.

Business Entrepreneurial & 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, $3,292 for in-state public colleges, and $29,972 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 (153 total). The most common sector, by number of degrees awarded, is Public, 2-year (1,467 completions).

Institutions

Institution with the Most Degrees Awarded in Small Business Administration & Management (2022)

Seminole State College of Florida
294 degrees awarded
Irvine Valley College
233 degrees awarded
Pasadena City College
186 degrees awarded

The most common sector, by number of degrees awarded in Small Business Administration & Management, is Public, 2-year (1,467 completions in 2022).

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.

Tuition Costs for Common Institutions

$3,292

Median In-State Public

$29,972

Median Out of State Private

Seminole State College of Florida has the most Small Business Administration & Management degree recipients, with 294 degrees awarded in 2022.

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

Specialized Colleges

Highest Concentration Institution

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 37.5%.

Degrees Awarded by County

Counties with the Most Degrees Awarded in Small Business Administration & Management

Los Angeles County, CA
423 degrees awarded
Seminole County, FL
294 degrees awarded
Orange County, CA
265 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.

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 Small Business Administration & Management.

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 $105,798 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.

$105,798

Average Wage in Workforce

± $772

8.23%

1 Year Growth

± 0.957%

The average salary for Business majors is $105,798 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 Small Business Administration & Management 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 Small Business Administration & Management 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 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 analysts, and Financial examiners.

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 Chief executives & legislators.

Occupations by Share

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

11.9M

2022 Workforce

± 81,438

2.36%

1 Year Growth

± 0.948%

The number of Business graduates in the workforce has been growing at a rate of 2.36%, from 11.7M in 2021 to 11.9M in 2022.

The largest single share of Business graduates go on to work as Accountants & auditors (9.23%). 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 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, Accounting, tax preparation, bookkeeping & payroll services, and Computer Systems Design.

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.

Industries by Share

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

11.9M

2022 Workforce

± 81,438

2.36%

1 Year Growth

± 0.948%

The number of Business graduates in the workforce has been growing at a rate of 2.36%, from 11.7M in 2021 to 11.9M in 2022.

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 Small Business Administration & Management 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 43.9.

The most common degree type these workers hold is a Certificate of at least 1 but less than 2 academic years. Female employees are more likely to hold Business degrees, and White students are the most common race/ethnicty group awarded degrees in Business (1,132 students).

Workforce Age

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

43.9

Average Age in 2022

± 0.0912 Years

0.00756%

1 Year Change

± 0.294%

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 36 years old, which represent 2.65% and 2.62% of the population, respectively.

Degrees Awarded

The most common degree types awarded to students graduating in Small Business Administration & Management are Certificate of at least 1 but less than 2 academic years, Associates Degree, and Bachelors Degree.

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.

Sex Imbalance for Common Institutions

Female (56.1%)

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.

Race & Ethnicity by Degrees Awarded

Most Common Race or Ethnicity

White
1,132 degrees awarded
Hispanic or Latino
687 degrees awarded
Black or African American
390 degrees awarded

This chart shows the number of degrees awarded in Small Business Administration & Management 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 Female
108 degrees awarded
Hispanic or Latino Female
74 degrees awarded

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

White Female 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 Small Business Administration & Management is from the 2 Digit Course Business.

Most Common Countries of Origin

India
177,507 degree recipients
Mexico
149,786 degree recipients
Philippines
140,210 degree recipients

High Relative Number of Students

Mongolia
2.8 times more than expected
Norway
2.59 times more than expected
Zimbabwe
2.49 times more than expected

There are a relatively high number of people that were born in Mongolia that hold Business degrees (2.8 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 (177,507 degree recipients).

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 Speaking. The revealed comparative advantage (RCA) shows that Small Business Administration & Management majors need more than the average amount of Management of Financial Resources, Management of Material Resources, and Equipment Selection.

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 Management of Financial Resources is very distinctive for majors, but the Speaking, Social Perceptiveness, and Reading Comprehension are the three most important skills for people in the field.