Best Undergraduate Business Schools

Business people have the ability to make smart decisions despite uncertainty. But where do the men and women in suits get their savvy? For many, a key first step on the road to success is choosing one of the best undergraduate business schools. 

With 1 in 5 undergraduate degrees awarded in the U.S. each year going to business majors, the stability and career growth offered by a job at a corporation continues to hold appeal. 

Is a business degree worth it?

From an economic perspective, a B.B.A. is an ok degree. The average business major earns $431 less per year more per year than the national average for all bachelor’s holders (whether or not they end up working in business). While there are worse majors out there, a B.B.A. won’t automatically land you a high paying job as soon as you finish college and some business-related degrees unlock higher earnings. That makes it all the more important that you pick a good program. 

On the other hand, business majors can earn big salaries later in their career – especially if they go on to get an M.B.A (their median earnings are $57,109).   

Not sure what you want to major in?  Use our tool below to compare several degrees based on outcomes like future earnings. Find out which are worth it, and which just aren’t.  

    Click on a degree card to reveal more information.
    Below Average Value
    Business Administration
    AVERAGE SALARY $57,086
    COST $17,621

    Bottom 60% of all degrees by ROI

    EARNINGS PLUS

    EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

    -$226
    PAYBACK

    Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

    3.7
    ECONOMIC SCORE

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    3.69
    add-plus
    add-plus

    How we made this list

    We rank degrees by value for money, i.e. return on investment (ROI). This rewards schools that are the “best deal,” offering higher salaries after graduation for relatively low costs up front. You can read more on our methodology page.   

    This ranking includes 974 accredited bachelor’s in business programs at 4-year universities in the U.S. We only include schools that disclose sufficient earnings and/or cost data to the National Center for Education Statistics. For-profit colleges were not included. Community colleges, fully online schools, and non-accredited institutions were also excluded. 

    To be included on this list, programs must be registered as #[Business Administration, Management and Operations - 52.02]# with the Department of Education’s CIP code classification system. These programs may be referred to by slightly different names by the universities themselves. You can see what types of programs fall under CIP code 52.02 on the NCES website

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    20 best undergrad business schools

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    20 of 971

    #2 in Business
    Economic score 0.42

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $17,371

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $123,780

    Median earnings of all students 4 years after graduating.

    Graduation rate 94%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    Berkeley is a world-famous public research university in California’s bay area. It is often ranked as one of America’s Public Ivies. Undergrads at Berkeley can pursue a Bachelor of Science in Business Administration, which is offered through the Haas School of Business. The school also offers undergraduate degrees in management entrepreneurship & technology; global management; and life sciences, business & entrepreneurship.

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    #6 in Business

    Carnegie Mellon University

    Pittsburgh, Pennsylvania

    Economic score 0.82

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $34,550

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $123,200

    Median earnings of all students 4 years after graduating.

    Graduation rate 91%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    The 3rd private college on this list, Carnegie Mellon is located in Pittsburgh, Pennsylvania. It is a well-known research university famous for its cutting-edge developments in science and technology. It is represented by the Tartans.  Its Tepper undergraduate business school boasts a very low student-to-faculty ratio.

    #3 in Business
    Economic score 0.47

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $16,792

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $116,095

    Median earnings of all students 4 years after graduating.

    Graduation rate 94%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    Another Public Ivy, UMich is located just outside of Detroit. It is the oldest and largest university in Michigan. The mascot is the Wolverines. The Ross School of Business BBA degree prides itself on its students’ success after graduation, with 99.6% of graduates accepting a job offer by September 30.

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    #5 in Business

    Emory University

    Atlanta, Georgia

    Economic score 0.76

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $24,142

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $107,945

    Median earnings of all students 4 years after graduating.

    Graduation rate 92%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    The first private university on this top list, Emory is located in bustling Atlanta, Georgia – more specifically in the historic Druid Hills neighborhood. While it is officially affiliated with the United Methodist Church, making it one of the top Christian-affiliated schools in the country, its curriculum is largely secular. The Goizueta Business School at Emory offers a BBA that covers all the foundational topics of a business education, like economics, finance, and management.

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    #29 in Business
    Economic score 1.36

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $40,849

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $105,314

    Median earnings of all students 4 years after graduating.

    Graduation rate 81%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    #1 in Business
    Economic score 0.39

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $12,414

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $105,246

    Median earnings of all students 4 years after graduating.

    Graduation rate 91%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    UNC-Chapel Hill is a public research university in scenic North Carolina, not far from Durham and Raleigh. It is one of the oldest public universities in the U.S., and its nickname is the Tar Heels. The UNC Kenan-Flagler Business School offers a B.S.B.A, or bachelor of science in business administration degree. This program is competitive, but graduates leave with a sound understanding of management, finances, accounting, economics, and business analytics.

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    #11 in Business

    Manhattan College

    Riverdale, New York

    Economic score 1.03

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $28,590

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $104,296

    Median earnings of all students 4 years after graduating.

    Graduation rate 72%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    #58 in Business
    Economic score 1.74

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $38,104

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $100,049

    Median earnings of all students 4 years after graduating.

    Graduation rate 88%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    #18 in Business
    Economic score 1.15

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $29,479

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $98,403

    Median earnings of all students 4 years after graduating.

    Graduation rate 93%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    Washington and Lee is a private liberal arts college in Lexington, Virginia. Founded in 1749, it is one of the oldest universities in the country. The college is located in the magnificent Shenandoah Valley region. Business administration majors at W&L take a broad range of courses across disciplines, as well as course requirements like economics, accounting, statistics, marketing management, and more.

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    #8 in Business
    Economic score 0.87

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $13,565

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $96,358

    Median earnings of all students 4 years after graduating.

    Graduation rate 84%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    Brigham Young is a private university affiliated with the Church of Latter-Day Saints. Located in Provo, Utah, it is one of the best-value conservative colleges out there. Its B.S. in Business Management can lead to a career in a variety of fields, including human resource management, retail management, and entrepreneurship.

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    #61 in Business
    Economic score 1.80

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $39,271

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $93,488

    Median earnings of all students 4 years after graduating.

    Graduation rate 81%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    #77 in Business

    University of San Francisco

    San Francisco, California

    Economic score 2.00

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $39,107

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $91,169

    Median earnings of all students 4 years after graduating.

    Graduation rate 74%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    #26 in Business

    University of Pennsylvania

    Philadelphia, Pennsylvania

    Economic score 1.32

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $26,138

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $90,686

    Median earnings of all students 4 years after graduating.

    Graduation rate 96%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    #62 in Business

    Babson College

    Wellesley, Massachusetts

    Economic score 1.81

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $34,994

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $89,884

    Median earnings of all students 4 years after graduating.

    Graduation rate 94%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    #14 in Business
    Economic score 1.09

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $16,590

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $88,783

    Median earnings of all students 4 years after graduating.

    Graduation rate 85%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    #73 in Business

    Georgetown University

    Washington, District of Columbia

    Economic score 1.91

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $35,965

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $88,049

    Median earnings of all students 4 years after graduating.

    Graduation rate 94%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    #51 in Business

    University of Southern California

    Los Angeles, California

    Economic score 1.67

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $29,462

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $87,767

    Median earnings of all students 4 years after graduating.

    Graduation rate 93%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    #128 in Business

    Tulane University of Louisiana

    New Orleans, Louisiana

    Economic score 2.49

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $45,582

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $87,423

    Median earnings of all students 4 years after graduating.

    Graduation rate 86%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    #106 in Business

    Boston College

    Chestnut Hill, Massachusetts

    Economic score 2.26

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $39,090

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $86,804

    Median earnings of all students 4 years after graduating.

    Graduation rate 92%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

    #46 in Business

    Boston University

    Boston, Massachusetts

    Economic score 1.59

    Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.

    Cost $27,779

    The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

    Earnings $86,755

    Median earnings of all students 4 years after graduating.

    Graduation rate 89%

    Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not  displayed.

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    The best bachelor’s in business administration programs in your state

    Highest earning states for business majors

    State Average salary
    Utah $71,586
    Massachusetts $68,645
    Maryland $67,947
    New Hampshire $65,190
    Connecticut $64,648

    What can you do with a business degree?

    Nearly 12,450,000 Americans work in business. Of these, only 25% have an advanced degree higher than a bachelor’s. Below, we show the highest-paid jobs typically available to business majors, according to the Bureau of Labor Statistics. A business degree will most likely get you a job in a corporation, although you’ll be well equipped to set up shop as an entrepreneur too. 

    $125,040
    Training and Development Managers
    $89,980
    Labor Relations Specialists
    $206,680
    Chief Executives
    $136,350
    Human Resources Managers
    $136,380
    Compensation and Benefits Managers
    $64,340
    Training and Development Specialists
    $135,160
    Sales Managers

    Getting a business administration degree online

    Thinking about getting your B.B.A online? Have no fear! Online degrees are respected more and more. In fact, people with a bachelor’s-level business degree earn $56,252 on average, which is 2% less more than those who studied on campus. We reveal the best-value online business administration degrees below. 

    What does a business degree teach you?

    Coursework will depend on your specialization; however, business majors of all stripes will generally need some knowledge of one or more of the 3 “languages of business”: economics, finance, and accounting. This will usually involve some math and statistics, although certain concentrations, like HR, are more soft-skill oriented. 

    In addition, business majors may learn about the fundamentals of marketing, management, entrepreneurship, and ethics. To be effective corporate employees, business grads will need to acquire strong communication and problem-solving skills. 

    Read also: The BBA vs BS in business administration 

    How much do business majors make?

    The salary of people with a business administration degree, 4 years after graduating college, is shown below.  

    Associate Bachelor Master
    $38,867 $57,109 $82,713