Masters Colleges and Universities

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2020 Undergraduate Tuition
$18,196
2.98% growth from 2019
2020 Average Net Price
$19,137
After Financial Aid
2020 Acceptance Rate
72.3%
3,339,459 Applicants
2020 Enrolled Students
4,321,025
68.8% Full-Time
2020 Graduation Rate
56.2%
278,499 Graduates

About

Masters Colleges and Universities is a Carnegie Classification grouping of higher education institutions. In 2016, the most popular Bachelor's Degree concentrations at Masters Colleges and Universities were General Business Administration & Management (69,868 degrees awarded), Registered Nursing (59,244 degrees), and General Psychology (43,938 degrees).

In 2020, 1,121,486 degrees were awarded across all undergraduate and graduate programs at Masters Colleges and Universities. 61.7% of these degrees were awarded to women, and 38.3% awarded men. The most common race/ethnicity group of degree recipients was white (635,785 degrees), 3.99 times more than then the next closest race/ethnicity group, hispanic or latino (159448 degrees).

The median undergraduate tuition at Masters Colleges and Universities is $18,196, which is $8,175 more than than the national median of $10,021. The cost of out-of-state tuition is $22,531, which is 124% of the cost for in-state students, and is $7,996 more than than the national median $14,535.

Costs

The median in-state tuition for Masters Colleges and Universities is $18,196, which is $7,996 more than than the national median in-state tuition of $10,200. The cost of out-of-state tuition is $22,531, which is 124% of the cost for in-state students, and is $7,996 more than than the national median out-of-state tuition of $14,535.

After taking grants and loans into account, the average net price for students is $19,137.

Student Expenses

Tuition Costs

$18,196
2020 Undergraduate Tuition

In 2020, the cost of out-of-state tuition at Masters Colleges and Universities was $22,531, which is 124% of the cost for in-state students, which was $18,196. The cost of out-of-state tuition at Masters Colleges and Universities is $7,996 more than than the overall (public and private) national median of $14,535, and the in-state tuition is $7,996 more than than the overall (public and private) national median $10,200.

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

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Average Net Price

$19,137
2020 Value

In 2020 Masters Colleges and Universities had an average net price — the price paid after factoring in grants and loans — of $19,137. Between 2019 and 2020, the average net price of Masters Colleges and Universities grew by 0%.

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.

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Other Student Expenses

$10,242
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Masters Colleges and Universities was of $10,242 in 2020. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board increased by 2.47% between 2019 and 2020. The cost of books and supplies decreased by 1.32% during the same period.

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

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Financial Aid

Financial Aid by Income Level

82%
Of Undergraduates Receive Grants
55%
Of Undergraduates Receive Federal Loans

82% of undergraduate students at Masters Colleges and Universities received grants or loans in 2020. This represents a growth of 3.8% with respect to 2019, when 79% 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.

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Admissions

Masters Colleges and Universities received 3,339,459 undergraduate applications in 2020, which represents a 1.01% annual decline. Out of those 3,339,459 applicants, 2,415,940 students were accepted for enrollment, representing a 72.3% acceptance rate.

There were 4,321,025 students enrolled at Masters Colleges and Universities in 2020, and 53.2% of first-time enrollees submitted SAT scores with their applications.

Masters Colleges and Universities has an overall enrollment yield of 20.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

72.3%
Acceptance Rate in 2020
2,415,940
Accepted Out of 3,339,459

In 2020, the undergraduate acceptance rate of Masters Colleges and Universities was 72.3% (2,415,940 admissions from 3,339,459 applications). This is higher than the acceptance rate of 2019, which was 68.4%. Between 2019 and 2020, the number of applicants declined by −1.01%, while admissions grew by 4.67%.

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

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SAT Scores

53.2%
Submission Percentage
211,844
Scores Submitted

53.2% of enrolled first-time students at Masters Colleges and Universities in 2020 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.

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Enrollment

Masters Colleges and Universities has a total enrollment of 4,321,025 students. The full-time enrollment at Masters Colleges and Universities is 2,973,103 students and the part-time enrollment is 1,347,922. This means that 68.8% 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 52.6% White, 16.6% Hispanic or Latino, 13% Black or African American, 4.96% Asian, 3.48% Two or More Races, 0.544% American Indian or Alaska Native, and 0.316% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Masters Colleges and Universities in full-time Undergraduate programs are most commonly White Female (31.1%), followed by White Male (22%) and Hispanic or Latino Female (11.2%). Students enrolled in full-time Graduate programs are most commonly White Female (34.8%), followed by White Male (16.2%) and Hispanic or Latino Female (9.09%).

Full-Time vs Part-Time Enrollment

68.8%
Full-Time Enrollment

The total enrollment at Masters Colleges and Universities, both undergraduate and graduate, is 4,321,025 students. The full-time enrollment at Masters Colleges and Universities is 2,973,103 and the part-time enrollment is 1,347,922. This means that 68.8% 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.

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Retention Rate over Time

75%
2020 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 75%. Compared with the full-time retention rate at similar (75%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    2,272,948
  2. Hispanic or Latino
    717,277
  3. Black or African American
    560,058

The enrolled student population at Masters Colleges and Universities is 52.6% White, 16.6% Hispanic or Latino, 13% Black or African American, 4.96% Asian, 3.48% Two or More Races, 0.544% American Indian or Alaska Native, and 0.316% 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, 240,833 students (5.57%) did not report their race.

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Graduates

In 2020, 262154 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 (635,785 degrees awarded). There were 3.99 times more white graduates than the next closest race/ethnicity group, hispanic or latino (159448 degrees).

The most common Bachelor's Degree concentration at Masters Colleges and Universities is General Business Administration & Management (69,868 degrees awarded), followed by Registered Nursing (59,244 degrees) and General Psychology (43,938 degrees).

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 Education (127,404 degrees awarded), Applied Sciences (1,693 degrees), and Parks, Recreation, & Leisure (27,613 degrees).

Workforce

Common Jobs by Major

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 (1,618,917 people), Secondary school teachers (565,573 people), Education administrators (331,757 people), Social workers, all other (281,352 people), and Other managers (248,854 people).

The most specialized majors at Masters Colleges and Universities are Education (127,404 degrees awarded), Applied Sciences (1,693 degrees), Parks, Recreation, & Leisure (27,613 degrees), Psychology (61,597 degrees), and Public Administration and Social Service (31,670 degrees).

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Highest Paying Jobs by Major

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, Computer hardware engineers, Magnetic resonance imaging technologists, Public relations specialists, and Actuaries

The most specialized majors at Masters Colleges and Universities are Education (127,404 degrees awarded), Applied Sciences (1,693 degrees), Parks, Recreation, & Leisure (27,613 degrees), Psychology (61,597 degrees), and Public Administration and Social Service (31,670 degrees).

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Common Industries by Major

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 (3,199,812 people), Colleges, universities & professional schools, including junior colleges (527,387 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (350,894 people), Individual & family services (267,148 people), and Outpatient care centers (257,533 people).

The most specialized majors at Masters Colleges and Universities are Education (127,404 degrees awarded), Applied Sciences (1,693 degrees), Parks, Recreation, & Leisure (27,613 degrees), Psychology (61,597 degrees), and Public Administration and Social Service (31,670 degrees).

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Degrees

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
  1. 69868 degree-majorss awarded
  2. 59244 degree-majorss awarded
  3. 43938 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Masters Colleges and Universities was General Business Administration & Management with 69868 degrees awarded.

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

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Sex Breakdown for Common Majors

429,666
Degrees Awarded to Men
in 2020
691,820
Degrees Awarded to Women
in 2020

In 2020, 429,666 degrees were awarded to men at Masters Colleges and Universities, which is 0.621 times less than the number of degrees awarded to females (691,820).

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

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Most Common Male Majors

In 2020, 61723 degrees were awarded to men at Masters Colleges and Universities in General Business Administration & Management, which is 1.03 times more than the 59730 female recipients with that same degree.

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Most Common Female Majors

In 2020, 59730 degrees were awarded to women at Masters Colleges and Universities in General Business Administration & Management, which is 0.968 times less than the 61723 male recipients with that same degree.

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Time to Complete

35%
100% Completion Time
52%
150% Completion Time

In 2020, 35% 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, 52% completed their degrees within 150% of the normal time, and 54% 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.

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Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (68.5%)

The student demographic with the highest graduation rate at Masters Colleges and Universities is Female and Asian (68.5% graduation rate). Across all , Asian Female students have the highest graduation rate (72.4%).

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, 2.37% of graduates (6589 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    635,785 degrees awarded
  2. Hispanic or Latino
    159,448 degrees awarded
  3. Black or African American
    124,832 degrees awarded

The most common race/ethnicity at Masters Colleges and Universities is white (635,785 degrees awarded). There were 3.99 times more white recipients than the next closest race/ethnicity group, hispanic or latino (159448 degrees).

4.83% of degree recipients (54,184 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    393,156 degrees awarded
  2. White Male
    242,629 degrees awarded
  3. Hispanic or Latino Female
    102,186 degrees awarded

The most common race/ethnicity and sex grouping at Masters Colleges and Universities is white female (393,156 degrees awarded). There were 1.62 times more white female recipients than the next closest race/ethnicity group, white male (242,629 degrees).

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Operations

Masters Colleges and Universities has an endowment valued at nearly $39.6M, as of the end of the 2020 fiscal year. The return on its endowment was of $1.36B (3.42k%), compared to the 3.19% average return ($1.26M on $39.6M) across all .

In 2020, Masters Colleges and Universities had a total salary expenditure of $84.6M. Masters Colleges and Universities employs 38,905 Assistant professors, 38,507 Professors, and 38,110 Associate professors. Most academics at Masters Colleges and Universities are Male Professors (23,167), Female Assistant professors(22,137), and Male Associate professors (19,393).

The most common positions for non-instructional staff at Masters Colleges and Universities are: Office and Administrative Support, with 53609 employees, Management, with 44708 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 37032 employees.

Finances

Endowment

$39.6M
2020 Endowment
2.95%
growth from 2019

Masters Colleges and Universities have a median endowment valued at about $39.6M, as of the end of the 2020 fiscal year. The endowment of Masters Colleges and Universities grew 2.95% 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.

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Government Grants and Contracts

Grants & Contracts
  1. $2.69B - Federal
  2. $1.72B - State
  3. $140M - Local

As of 2020, Masters Colleges and Universities received $2.69B in grants and contracts from the federal government, $1.72B from state grants and contracts, and $140M from local grants and contracts.

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Expenses

Salary Expenditure

$34.6M
2020 Salaries
1.48%
growth from 2019

In 2020, Masters Colleges and Universities paid a median of $34.6M in salaries, which represents 40.9% of their overall expenditure ($84.6M) and a 1.48% growth from the previous year. This is compared to a 5.83% growth from 2018 and a 2.62% growth from 2017.

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Instructional Salaries

$11.4B
Instructional Salaries
143,736
Number of Employees

In 2020, Masters Colleges and Universities paid a total of $11.4B to 143,736 employees working as instructors, which represents 33.2% of all salaries paid.

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Faculty and Staff

Occupations by Share

Assistant professor
Most Common Instructor
38905 Employees
Office and Administrative Support
Most Common Non-Instructional Employee
53609 Employees

In 2020, the most common positions for instructional staff at Masters Colleges and Universities were Assistant professor with 38,905 employees; Professor with 38,507 employees; and Professor with 38,110 employees.

In 2020, the most common positions for non-instructional staff at Masters Colleges and Universities were Office and Administrative Support with 53,609 employees; Management with 44,708 employees; and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 37,032 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Male Professor
  2. Female Assistant professor
  3. Male Associate professor

In 2020, the most common demographic for instructional staff at Masters Colleges and Universities was Male Professor with 23,167 employees, Female Assistant professor with 22,137 employees, and Male Associate professor with 19,393 employees.

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

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