Best Colleges and Universities for Business Degrees

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The best business degree programs are those with rich histories of influence, proven through the work produced by the program’s faculty and alumni. Beyond demonstrating scholarly impact in the field, the best business degree programs maximize your opportunities to interact with outstanding business faculty.

A bachelor’s degree in business administration is an excellent starting point for a career in business management, finance, or entrepreneurship. As a business major, you’ll learn basic business theory as well as practical concepts related to sales, marketing, accounting and more. You’ll also have a chance to focus on specific aspects of business, including human resources, hospitality, real estate, entertainment and much more.

According to the National Center for Educational Statistics, the business degree is an extremely popular degree because of its versatility. As a business major, you’ll pursue your own concentration—whether your interest is in sales, promotions, international business, or any of the countless other options at your fingertips. The best schools for business administration are those which are regionally accredited, which offer a full array of business administration concentrations, and which give you the chance to work with the best and most influential professors and classmates.

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Frequently Asked Questions About Business Bachelor’s Degrees

Earning a bachelor’s degree in Business administration can open numerous professionals doors. In fact, you can do practically anything with this degree. If you have an interest in project management, marketing, or small business administration, you’ll love majoring in business. Majoring in business is also a great option for students who are interested in learning about retail management, corporate citizenship, entrepreneurship, hospitality, real estate, and much more. In addition to opening numerous career pathways, majoring in business can help prepare you for pursuit of an advanced degree. Many business majors will go on to pursue a Master of Business Administration (MBA) degree.

Today, top business influencers are driving innovation through their research on lean startup methods, social marketing, global entrepreneurship, and more.

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According to the National Center for Educational Statistics, business administration is the single most popular major because of its versatility, as well as the potential for excellent pay. Many of the skills you’ll develop as a business major will be applicable in other areas of life and career. Business majors typically incorporate the kinds of 21st Century skills like collaboration, communication, creative thinking and technological literacy. Even if you don’t plan to start your own business or lead a company, these skills will be valuable as you pursue your professional goals.

The business major also offers students among the best returns on investment. According to the Bureau of Labor Statistics, This median annual wage for business and financial occupations was $69,820 in May 2019, which was significantly higher than the median annual wage for all occupations of $39,810.

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Once you’ve declared your major in business administration, you will likely be required to complete a set of core courses in a number of business-related subject areas. While your concentration will give you a chance to choose from a wide range of highly-specialized business administration electives, there are a number of common courses that most business administration majors will be required to take, including:

  • Business Administration
  • Business Ethics
  • Accounting and Finance
  • Commercial Law
  • Franchising and Franchise Operations
  • International Finance
  • Organizational Behavior Studies
  • Construction Management
  • Marketing Research
  • Selling Skills and Sales Operations

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The short answer to this question is, whatever you want. Whether you want to run a four-star hotel, start your own boutique shop on Main St., or crunch numbers for a Fortune 500 company, majoring in business is a good starting point. Your business major can lead to a wide range of career opportunities, including these top jobs:

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The Best Colleges and Universities for Business Degrees

Best Business Major Research Universities

  1. University of Pennsylvania
  2. Columbia University
  3. MIT – Massachusetts Institute of Technology
  4. University of Michigan
  5. Cornell University

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Best Business Major Liberal Arts Colleges

  1. Claremont McKenna College
  2. United States Military Academy
  3. San Francisco State University
  4. California State University, Long Beach
  5. University of Richmond

Go to The Best Business Major Liberal Arts Colleges

Best Business Major Online Colleges

  1. University of Arizona
  2. University of Missouri
  3. Arizona State University
  4. University of Massachusetts Amherst
  5. University of Arkansas

Go to The Best Business Major Online Colleges

An international business degree can help students build skills and competencies that open career opportunities in a wide range of fields. Find out what you can do with an international business degree.

Career Outlook for Students with Business Degree

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Business/Commerce

Degree Level: Bachelor's

  • Location: The U.S. (Private Schools)
  • Avg. Starting Salary*: $43,769
  • Avg. Salary after 4 Years*: $54,786
  • * denotes ‘annually’

Career Salaries

CareerJob GrowthAvg. Salary
Chief Executives-8.21%$161,191
Sales Managers4.06%$117,002
Industrial Production Managers1.62%$106,425
Managers, All Other3.35%$106,040
Construction Managers4.53%$98,198

Average Career Salaries

Bottom 10%MedianTop 10%
$56,229$96,321$154,377

Promising Job Markets

StateCost of LivingAvg. Salary
#2 Virginia5% higher than average$112,729
#3 New York5% higher than average$122,670
#4 Alabama13% higher than average$95,411
#5 Illinois7% higher than average$102,218
#6 Delaware2% higher than average$111,968

Top Industries

IndustryAvg. Salary
Chief Executives$161,191
Sales Managers$117,002
Industrial Production Managers$106,425

The Best Business Schools in Your State

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