Masters Colleges and Universities

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2021 Undergraduate Tuition

$18,892

4.46% growth from 2020

2021 Average Net Price

$18,851

After Financial Aid

2021 Acceptance Rate

76.5%

3,195,056 Applicants

2021 Enrolled Students

4,191,163

68.3% Full-Time

2021 Graduation Rate

56.5%

280,689 Graduates

About

Masters Colleges and Universities is a Carnegie Classification grouping of higher education institutions. In 2021, the most popular Bachelor's Degree concentrations at Masters Colleges and Universities were General Business Administration & Management (127,542 degrees awarded), Registered Nursing (68,470 degrees), and General Psychology (48,474 degrees).

In 2021, 1,151,174 degrees were awarded across all undergraduate and graduate programs at Masters Colleges and Universities. 62.2% of these degrees were awarded to women, and 37.8% awarded men. The most common race/ethnicity group of degree recipients was white (640,636 degrees), 3.76 times more than then the next closest race/ethnicity group, hispanic or latino (170,308 degrees).

The median undergraduate tuition at Masters Colleges and Universities is $18,892, which is $8,692 more than than the national median of $10,200. The cost of out-of-state tuition is $23,184, which is 123% of the cost for in-state students, and is $8,610 more than than the national median $14,574.

Costs

The median in-state tuition for Masters Colleges and Universities is $18,892, which is $8,494 more than than the national median in-state tuition of $10,398. The cost of out-of-state tuition is $23,184, which is 123% of the cost for in-state students, and is $8,610 more than than the national median out-of-state tuition of $14,574.

After taking grants and loans into account, the average net price for students is $18,851.

Tuition Costs

$18,892

2021 Undergraduate Tuition

In 2021, the cost of out-of-state tuition at Masters Colleges and Universities was $23,184, which is 123% of the cost for in-state students, which was $18,892. The cost of out-of-state tuition at Masters Colleges and Universities is $8,610 more than than the overall (public and private) national median of $14,574, and the in-state tuition is $8,494 more than than the overall (public and private) national median $10,398.

This chart compares the tuition costs of Masters Colleges and Universities (in red) with those of other similar universities.

Average Net Price

$18,851

2021 Value

1.32%

1 Year Growth

In 2021 Masters Colleges and Universities had an average net price — the price paid after factoring in grants and loans — of $18,851. Between 2020 and 2021, the average net price of Masters Colleges and Universities grew by 1.32%.

This chart compares the average net price of Masters Colleges and Universities (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$10,451

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Masters Colleges and Universities was of $10,451 in 2021. The cost of room and board increased by 1.86% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Masters Colleges and Universities (in red) with that of similar universities.

Financial Aid by Income Level

83%

Undergraduates Receiving Financial Aid through Grants

53%

Undergraduates Receiving Financial Aid through Loans

83% of undergraduate students at Masters Colleges and Universities received financial aid through grants or loans in 2021. This represents a growth of 1.22% with respect to 2020, when 82% of undergraduate students received financial aid.

This chart compares the average award discount at Masters Colleges and Universities (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Admissions

Masters Colleges and Universities received 3,195,056 undergraduate applications in 2021, which represents a 4.24% annual growth. Out of those 3,195,056 applicants, 2,444,953 students were accepted for enrollment, representing a 76.5% acceptance rate.

There were 4,191,163 students enrolled at Masters Colleges and Universities in 2021. 22% of first-time enrollees submitted SAT scores with their applications.

Masters Colleges and Universities has an overall enrollment yield of 19.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

76.5%

Acceptance Rate in 2021

2,444,953

Accepted Out of 3,195,056

In 2021, the undergraduate acceptance rate of Masters Colleges and Universities was 76.5% (2,444,953 admissions from 3,195,056 applications). This is higher than the acceptance rate of 2020, which was 72.3%. Between 2020 and 2021, the number of applicants grew by 4.24%, while admissions grew by 1.3%..

This chart compares the acceptance rate of Masters Colleges and Universities (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

22%

Submission Percentage (2021)

67,170

Scores Submitted (2021)

22% of enrolled first-time students at Masters Colleges and Universities in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Masters Colleges and Universities had a total enrollment of 4,191,163 students in 2021. The full-time enrollment at Masters Colleges and Universities is 2,863,147 students and the part-time enrollment is 1,328,016. This means that 68.3% of students enrolled at Masters Colleges and Universities are enrolled full-time.

The enrolled student population at Masters Colleges and Universities, both undergraduate and graduate, is 52% White, 16.9% Hispanic or Latino, 12.8% Black or African American, 5.15% Asian, 3.53% Two or More Races, 0.573% American Indian or Alaska Native, and 0.314% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Masters Colleges and Universities in full-time Undergraduate programs are most commonly White Female (30.8%), followed by White Male (21.9%) and Hispanic or Latino Female (11.3%). Students enrolled in full-time Graduate programs are most commonly White Female (35.1%), followed by White Male (15.8%) and Hispanic or Latino Female (9.36%).

Full-Time vs Part-Time Enrollment

68.3%

Full-Time Enrollment

The total enrollment at Masters Colleges and Universities, both undergraduate and graduate, is 4,191,163 students. The full-time enrollment at Masters Colleges and Universities is 2,863,147 and the part-time enrollment is 1,328,016. This means that 68.3% of students enrolled at Masters Colleges and Universities are enrolled full-time.

This chart shows the full-time vs part-time enrollment status at Masters Colleges and Universities (in red) compares to similar universities.

Retention Rate over Time

73%

2021 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Masters Colleges and Universities was 73%. Compared with the full-time retention rate at similar (73%), Masters Colleges and Universities had a retention rate approximately the same as its peers.

This chart shows the retention rate over time at Masters Colleges and Universities (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
2,180,329 enrolled students
Hispanic or Latino
707,372 enrolled students
Black or African American
538,225 enrolled students

The enrolled student population at Masters Colleges and Universities is 52% White, 16.9% Hispanic or Latino, 12.8% Black or African American, 5.15% Asian, 3.53% Two or More Races, 0.573% American Indian or Alaska Native, and 0.314% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 235,416 students (5.62%) did not report their race.

Graduates

In 2021, 280,044 more women than men received degrees from Masters Colleges and Universities. The most common race/ethnicity group of degree recipients at Masters Colleges and Universities is white (640,636 degrees awarded). There were 3.76 times more white recipients than the next closest race/ethnicity group, hispanic or latino (170308 degrees).

The most common Bachelor's Degree concentration at Masters Colleges and Universities is General Business Administration & Management (72,070 degrees awarded), followed by Registered Nursing (59,468 degrees) and General Psychology (45,688 degrees).

In 2021, the most specialized majors across all degree types at Masters Colleges and Universities, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Applied Sciences (1,879 degrees awarded), EDUCATION. (134,023 degrees), and Parks, Recreation, & Leisure (27,875 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Masters Colleges and Universities are Elementary & middle school teachers (1,811,682 people), Secondary school teachers (487,124 people), Education administrators (333,568 people), Social workers, all other (263,698 people), and Other managers (242,961 people).

The most specialized majors at Masters Colleges and Universities in 2021 are Applied Sciences (1,879 degrees awarded), EDUCATION. (134,023 degrees), Parks, Recreation, & Leisure (27,875 degrees), Public Administration and Social Service (32,438 degrees), and Psychology (63,907 degrees) (as of 2021).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Masters Colleges and Universities are Surgeons, Physicians, Aircraft pilots & flight engineers, Nurse anesthetists, and Cardiovascular technologists and technicians

The most specialized majors at Masters Colleges and Universities are Applied Sciences (1,879 degrees awarded), EDUCATION. (134,023 degrees), Parks, Recreation, & Leisure (27,875 degrees), Public Administration and Social Service (32,438 degrees), and Psychology (63,907 degrees) (as of 2021).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Masters Colleges and Universities are Elementary & secondary schools (3,236,651 people), Colleges, universities & professional schools, including junior colleges (517,309 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (388,071 people), Individual & family services (270,889 people), and Outpatient care centers (258,790 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Masters Colleges and Universities.

Most Common (2021)

General Business Administration & Management
72,070 degree-majors awarded
Registered Nursing
59,468 degree-majors awarded
General Psychology
45,688 degree-majors awarded

In 2021, the most common bachelors degree concentration at Masters Colleges and Universities was General Business Administration & Management with 72,070 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Masters Colleges and Universities according to their major.

Sex Breakdown for Common Majors

435,565

Degrees Awarded to Men

in 2021

715,609

Degrees Awarded to Women

in 2021

In 2021, 435,565 degrees were awarded to men at Masters Colleges and Universities, which is 0.609 times less than the number of degrees awarded to females (715,609).

This chart displays the sex disparity between the top 5 majors at Masters Colleges and Universities by degrees awarded.

Most Common Male Majors

In 2021, 64818 degrees were awarded to men at Masters Colleges and Universities in General Business Administration & Management, which is 1.03 times more than the 62724 female recipients with that same degree.

Most Common Female Majors

In 2021, 62724 degrees were awarded to men at Masters Colleges and Universities in General Business Administration & Management, which is 0.968 times less than the 64818 male recipients with that same degree.

Time to Complete

37%

100% Completion Time

53%

150% Completion Time

In 2021, 37% of students graduating from Masters Colleges and Universities completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 53% completed their degrees within 150% of the normal time, and 55% within 200%.

The following chart shows these completion rates over time compared to the average for the Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (69.6%)

The student demographic with the highest graduation rate in 2021 at Masters Colleges and Universities is Female and Asian (69.6% graduation rate). Across all , Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.5% of graduates (7005 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
640,636 degrees awarded
Hispanic or Latino
170,308 degrees awarded
Black or African American
130,048 degrees awarded

The most common race/ethnicity at Masters Colleges and Universities is white (640,636 degrees awarded). There were 3.76 times more white recipients than the next closest race/ethnicity group, hispanic or latino (170308 degrees).

5.15% of degree recipients (59,263 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
398,189 degrees awarded
White Male
242,447 degrees awarded
Hispanic or Latino Female
109,933 degrees awarded

The most common race/ethnicity and sex grouping at Masters Colleges and Universities is white female (398,189 degrees awarded). There were 1.64 times more white female recipients than the next closest race/ethnicity group, white male (242447 degrees).

Operations

Masters Colleges and Universities has an endowment valued at nearly $50.4M, as of the end of the 2021 fiscal year.

In 2021, Masters Colleges and Universities had a total salary expenditure of 84.9M. Masters Colleges and Universities employs 38,051 Professors, 37,739 Associate professors and 37,575 Assistant professors. Most academics at Masters Colleges and Universities are Male Professor (22,642), Female Assistant professor (21,548), and Male Associate professor (19,008).

The most common positions for non-instructional staff at Masters Colleges and Universities are: Office and Administrative Support, with 51,740 employees, Management, with 44,520 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 36,837 employees.

Endowment

$50.4M

2021 Endowment

27.3%

growth from 2020

Masters Colleges and Universities have a median endowment valued at about $50.4M, as of the end of the 2021 fiscal year. The endowment of Masters Colleges and Universities grew 27.3% from the previous year.

This line chart shows how the endowment at Masters Colleges and Universities (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges and Universities Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$4.16B - Federal
$1.34B - State
$116M - Local

As of 2021, Masters Colleges and Universities received $4.16B in grants and contracts from the federal government, $1.34B from state grants and contracts, and $116M from local grants and contracts.

Salary Expenditure

$35.1M

2021 Salaries

1.36%

growth from 2020

In 2021, Masters Colleges and Universities paid a median of $35.1M in salaries, which represents 41.3% of their overall expenditure ($84.9M) and a 1.36% growth from the previous year.

Instructional Salaries

$11.5B

Instructional Salaries

141,787

Number of Employees

In 2021, Masters Colleges and Universities paid a total of $11.5B to 141,787 employees working as instructors, which represents 33.7% of all salaries paid.

Occupations by Share

Professor

Most Common Instructor

38,051 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

51,740 Employees

In 2021, the most common positions for instructional staff at Masters Colleges and Universities were Professor with 38,051 employees, Associate professor with 37,739 employees, and Assistant professor with 37,575 employees.

In 2021, the most common positions for non-instructional staff at Masters Colleges and Universities were Office and Administrative Support with 51,740 employees, Management with 44,520 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 36,837 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Female Assistant professor
Male Associate professor

In 2021, the most common demographic for instructional staff at Masters Colleges and Universities was Male Professor with 22,642 employees, Female Assistant professor with 21,548 employees, and Male Associate professor with 19,008 employees.

This chart shows the sex split between each academic rank present at Masters Colleges and Universities.