Small Business Schools
There are 494 accredited small business schools in the country. As a professor or instructor of small business classes at one of these schools, you play a critical role in shaping the future of this growing field. The trends in the small business academic community can be evaluated by looking at the statistics and graphs below, which includes small business training at the following levels:
- Small Business Certificate
- Associates degree in Small Business
- Bachelors degree in Small Business
- Masters degree in Small Business
- PhD degree in Small Business
Statistics
Professional Trends
National Employment growth for Small business professionals
| 1,663,280 | 1,655,410 | 1,697,690 | 1,689,680 | 1,708,080 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Dark Yellow: Actual Values
In 2010, 1,708,080 small business professionals were working in the US. The number of small business professionals has grown by 3% between 2006 and 2010.
This growth is faster than the growth for all careers between the years 2006 and 2010, which was 1%.
National Salary percentiles for Small business professionals
10th percentile |
$47,280 |
25th percentile |
$65,290 |
50th percentile |
$94,400 |
75th percentile |
$142,030 |
90th percentile |
$189,660 |
Small business professionals in the US earned a median salary of $94,400 per year in 2010. The national median salary for all professions, was $68,155 in the same year. Thus, the median yearly salary for small business professionals in the US was 66% more than the national median salary for all professions.
National Median Salary Growth For Small Business
| $85,230 | $88,700 | $91,570 | $92,650 | $94,400 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Light Blue: Salaries
Between the years 2006 and 2010, salaries for small business professionals have grown by 11%.
Educational Trends
National Small Business Student enrollment growth by degree
| 429 | 468 | 492 | 543 | 499 |
| 1,274 | 1,432 | 1,511 | 1,820 | 1,899 |
| 0 | 0 | 0 | 0 | 5 |
| 383 | 291 | 398 | 475 | 537 |
| 1,279 | 1,381 | 1,633 | 1,812 | 1,495 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Yellow: Associate's Degree in Small Business
- Blue: Bachelor's Degree in Small Business
- Red: Doctorates Degree in Small Business
- Light blue: Master's Degree in Small Business
- Grey: Certificate in Small Business
We are seeing a rapid change in the career outlook for small business professionals. And the story on the educational front is similar. In the US, 3,365 students graduated from small business degree programs in 2006. And in 2010, 4,435 students graduated from small business schools.
This represents a 32% change in 4 years. This growth in the number of students graduating from small business courses is greater than the 12% growth nationally for students graduating from institutions of higher learning in general.
Small Business Programs offered Nationwide
associate |
106 |
bachelor |
118 |
master |
26 |
doctor |
2 |
Certificate |
185 |
| Total | 437 |
It is interesting to note that as student graduation is up, the number of schools offering small business programs has decreased. There were 351 small business schools across the country in 2006. And there were 494 schools in 2010.