Business Schools
There are 3,588 accredited business schools in the country. As a professor or instructor of business classes at one of these schools, you play a crucial role in shaping the future of this growing field. Below are charts, statistics and analysis of the trends in business academia which includes business training at the following levels:
- Business Certificate
- Associates degree in Business
- Bachelors degree in Business
- Masters degree in Business
- PhD degree in Business
Statistics
Professional Trends
National Employment growth for Business professionals
| 4,574,900 | 4,642,140 | 4,767,290 | 4,717,920 | 4,698,490 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Dark Yellow: Actual Values
In 2010, 4,698,490 business professionals were working in the US. Between 2006 and 2010, the number of business professionals has grown by 3%.
This growth is faster than the growth for all careers between the years 2006 and 2010, which was 1%.
National Salary percentiles for Business professionals
10th percentile |
$47,799 |
25th percentile |
$63,724 |
50th percentile |
$88,013 |
75th percentile |
$97,250 |
90th percentile |
$106,487 |
In 2010, the median salary earned by business professionals around the nation, was $88,013 per year. The median yearly salary for business professionals in the US was 42% more than that for all professions, which was $68,155 per year.
National Median Salary Growth For Business
| $60,331 | $62,941 | $82,868 | $84,772 | $88,013 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Light Blue: Salaries
There has been a 46% growth in business professionals' salaries from 2006 to 2010.
Educational Trends
National Business Student enrollment growth by degree
| 84,460 | 88,251 | 96,025 | 105,088 | 87,749 |
| 283,087 | 293,542 | 295,992 | 307,366 | 324,090 |
| 1,371 | 1,643 | 1,738 | 1,966 | 2,003 |
| 137,236 | 142,423 | 150,075 | 164,055 | 156,312 |
| 36,003 | 35,285 | 36,263 | 39,730 | 35,678 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Yellow: Associate's Degree in Business
- Blue: Bachelor's Degree in Business
- Red: Doctorates Degree in Business
- Light blue: Master's Degree in Business
- Grey: Certificate in Business
We are seeing a rapid change in the career outlook for business professionals. However, the story on the educational front is quite different. In 2006, 542,157 students graduated from business degree programs in the US. In 2010, 605,832 students graduated from business schools.
Thus, in 4 years, there was a 12% growth in the number of business graduates. This growth in the number of students graduating from business courses is less than the change nationally for students graduating from institutions for higher education in general, which has been a 12% growth from 2006 to 2010.
Business Programs offered Nationwide
associate |
4,283 |
bachelor |
6,764 |
master |
2,771 |
doctor |
239 |
Certificate |
3,046 |
| Total | 17,103 |
The number of schools offering business programs has decreased. There were 3099 business schools across the country in 2006. And there were 3588 schools in 2010.