Business/Commerce, General

140
Schools
Master's
Credential Level
$104,045
National Avg Earnings

What the IPEDS & College Scorecard Data Shows for Business/Commerce, General

Business/Commerce, General is tracked across 140 U.S. postsecondary institutions in the College Scorecard field-of-study file, which links CIP code classifications from IPEDS to Treasury earnings records. This profile covers the master's credential level specifically, because the Department of Education reports program-level outcomes separately for associate, bachelor’s, master’s, and doctoral awards. The CIP (Classification of Instructional Programs) taxonomy lets analysts roll up specialties into broader families, which is why earnings medians across schools can be compared on a common basis.

Across all reporting institutions, the mean of school-level medians is $104,045, calculated from 91 schools with published earnings data. The earnings distribution stretches from $38,871 at the low end to $258,152 at the top, with a 25th-75th percentile band between $76,568 and $119,601 around a median of $101,623. The top-reporting institution in this program is Massachusetts Institute of Technology at $258,152. These numbers reflect earnings measured roughly a year after completion, using Social Security Administration tax records linked to federal financial aid applicants.

Variation across schools matters more than a single national figure. Completers counts reported per school indicate how many graduates’ earnings feed the median, which means small programs produce more volatile numbers. Median debt at the program level, when paired with earnings, yields a debt-to-earnings ratio that is the College Scorecard’s standard affordability signal — ratios under 1.0 indicate earnings exceed cumulative debt. Use the school-by-school table to spot institutions where Business/Commerce, General graduates out-earn peers at comparable cost, and to surface gainful-employment patterns that only become visible at the CIP-code level.

Indiana University-Bloomington accounts for 11.6% of all Business/Commerce, General master's credential graduates

That concentration — well above the 5% national median for largest-entity share — means Business/Commerce, General-wide averages can mask substantial variation outside the dominant entity. That school produced 953 graduates in the most recent cohort, anchoring a meaningful slice of national supply for this field. When one entity dominates a region's footprint, its programmatic and budget decisions effectively set policy for a majority of the affected population.

Source: U.S. Department of Education College Scorecard U.S. Department of Education College Scorecard

Business/Commerce, General master's credential median earnings varies 6.6× across entities

Business/Commerce, General master's credential median earnings ranges from $38,871 (lowest) to $258,152 (highest), a spread of $219,281. That ratio is among the widest observed and reflects extreme earnings stratification across institutions — graduates of the same field can earn dramatically different starting salaries depending on the school’s reputation, regional employer mix, and selectivity. Earnings are measured roughly one year after completion using IRS records linked to federal aid recipients (see https://www.irs.gov/) — not all completers are captured, but the school-level medians correlate strongly with longer-term earnings trajectories.

Source: College Scorecard Field of Study file; U.S. Treasury earnings linkage College Scorecard Field of Study file; U.S. Treasury earnings linkage

Business/Commerce, General master's credential median debt varies 7.3× across entities

Business/Commerce, General master's credential median debt ranges from $13,750 (lowest) to $99,813 (highest), a spread of $86,063. That ratio is among the widest observed and reflects extreme cost-of-attendance variation — students at the high end accumulate substantially more debt for the same credential, often without proportionally higher post-graduation earnings. Median debt counts only those students who borrowed federal loans — students who paid out-of-pocket or received institutional grants are excluded from the borrower median, which can flatter low-debt schools.

Source: College Scorecard Field of Study file; IPEDS financial aid data College Scorecard Field of Study file; IPEDS financial aid data

Business/Commerce, General debt-to-earnings ratio is 0.34 — low (typically associated with graduates earn substantially more than they borrowed, which is the College Scorecard standard signal for affordability — a ratio under 0.5 means a year of post-completion earnings would clear half the federal-loan principal)

debt-to-earnings ratio is the simplest comparative metric but it does not capture the full picture: this ratio uses federal loan principal, not all education debt — private loans, parent PLUS loans not in the borrower’s name, and institutional debt are excluded Lower values often correlate with smaller scale and population characteristics rather than higher resource budgets per se.

Source: College Scorecard Field of Study file College Scorecard Field of Study file

Earnings Distribution

Min
$38,871
25th %ile
$76,568
Median
$101,623
75th %ile
$119,601
Max
$258,152
$38,871 $258,152

Top Schools for This Program

School Name State Completers Median Earnings Median Debt
Massachusetts Institute of Technology MA 0 $258,152 $41,000
Northwestern University IL 112 $240,637 $76,735
Emory University GA 0 $209,140 $47,269
Michigan State University MI 108 $188,085 $78,686
University of Virginia-Main Campus VA $180,117 $61,118
Indiana University-Indianapolis IN 190 $171,615 $37,032
Indiana University-Bloomington IN 953 $161,345 $41,000
University of Wisconsin-Madison WI 63 $160,097 $50,847
Johns Hopkins University MD 371 $158,699 $61,449
Northeastern University MA 167 $148,490 $47,834
Northeastern University Professional Programs MA 116 $148,490 $47,834
Georgia State University GA 231 $143,079 $50,417
Drexel University PA 213 $142,843 $41,000
Saint Joseph's University - Philadelphia PA 75 $141,003 $42,887
Loyola Marymount University CA 38 $140,532 $99,813
University of Denver CO 266 $133,993 $66,687
University of Missouri-St Louis MO 117 $129,101 $28,405
Grand Valley State University MI 88 $128,108 $30,124
University of Missouri-Columbia MO 39 $123,999 $35,202
University of New Hampshire-Main Campus NH 137 $123,477 $35,610
Creighton University NE $122,105
Ball State University IN 97 $120,992 $23,417
University of Missouri-Kansas City MO $119,601 $20,250
West Virginia University WV 85 $119,013 $41,000
Indiana University-Northwest IN 24 $118,385 $35,074
Indiana University-South Bend IN 26 $115,947
Belmont University TN 67 $113,806 $53,160
Tulane University of Louisiana LA 110 $113,672
Purdue University Fort Wayne IN 65 $113,001 $19,974
University of Kentucky KY 127 $111,868 $32,146
University of Louisville KY 237 $110,622 $33,183
Jacksonville State University AL $110,346
Utah Valley University UT 0 $110,270 $26,766
Indiana University-Southeast IN 39 $109,847
University of Central Florida FL 228 $108,978 $40,236
Virginia Commonwealth University VA 133 $108,337 $54,332
Florida State University FL 306 $107,889 $30,750
University of Redlands CA 0 $107,522 $34,167
Cameron University OK 20 $106,812
The College of Saint Scholastica MN 1 $106,676 $34,134
Gonzaga University WA 77 $104,495 $32,188
The Catholic University of America DC 0 $103,834 $34,250
University of Wisconsin-Whitewater WI 288 $102,812 $28,446
Maryville University of Saint Louis MO 237 $102,806 $40,693
Post University CT 170 $101,826 $50,937
Mercer University GA 6 $101,623 $39,318
Youngstown State University OH 133 $99,960
University of North Georgia GA 32 $97,809 $20,493
Murray State University KY 89 $96,691 $28,786
Northern Kentucky University KY 277 $94,965 $29,830
Georgia College & State University GA 28 $94,468 $32,164
University of Maryland-College Park MD 30 $94,408
University of Kansas KS 0 $93,172
Loyola University New Orleans LA 44 $92,654 $32,157
Nebraska Wesleyan University NE 20 $91,021 $27,304
Biola University CA 32 $90,894
Western New England University MA $90,273
Morehead State University KY 38 $89,399 $26,654
California Baptist University CA $89,018 $30,750
Columbia College MO 120 $87,915 $45,860
The University of Texas Rio Grande Valley TX $87,822 $21,006
Azusa Pacific University CA 0 $85,420 $46,294
Lindenwood University MO 38 $85,320 $32,728
Colorado State University Pueblo CO 58 $84,995
University of North Florida FL 54 $81,376 $25,293
Indiana Institute of Technology IN 167 $78,881 $34,646
Auburn University at Montgomery AL 70 $78,731
Marshall University WV 89 $77,136 $26,931
Campbellsville University KY 760 $76,568 $26,980
Concordia University-Nebraska NE 18 $75,289 $33,972
University of Charleston WV 30 $75,247 $32,258
Widener University PA 7 $71,854
Schreiner University TX 29 $71,621 $20,500
Bethel University TN 84 $70,110 $41,000
Bellarmine University KY $67,240
Savannah State University GA 34 $65,620 $35,152
Lehigh University PA 34 $62,087
Spalding University KY 24 $61,096 $28,160
Manhattan University NY $60,839
Saint Leo University FL 0 $59,895
Missouri Southern State University MO $58,131
University of Puerto Rico-Rio Piedras PR 43 $57,619 $13,750
Seattle Pacific University WA 3 $57,318
Henderson State University AR 18 $56,919
South Carolina State University SC 7 $54,848
Niagara University NY 58 $54,644 $28,641
Arizona State University Campus Immersion AZ 23 $53,599
Saint Mary's College of California CA 23 $53,160
Jacksonville University FL 49 $51,864
Massachusetts College of Liberal Arts MA $47,260
West Virginia Wesleyan College WV 10 $38,871

Frequently Asked Questions

How much do Business/Commerce, General graduates earn?
Business/Commerce, General graduates earn $104,045 on average across 140 schools. Earnings range from $38,871 to $258,152 depending on the institution.
Which school pays the most for Business/Commerce, General?
Massachusetts Institute of Technology has the highest reported median earnings for Business/Commerce, General graduates at $258,152, based on College Scorecard data.
What credential do you get in Business/Commerce, General?
Business/Commerce, General programs typically award a Master's credential. Earnings vary by school and credential level.

About This Data

Earnings data comes from the U.S. Department of Education College Scorecard Field of Study file. Median earnings represent graduates who received federal financial aid, drawn from U.S. Treasury tax records linked to federal student aid applicants. Completers count and debt figures reflect program-level data reported through IPEDS. Data is updated annually.

Earnings data sourced from IRS records via the U.S. Treasury–Department of Education matching protocol used by the College Scorecard.