Masters Colleges and Universities

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2023 Undergraduate Tuition

$19,464

1.06% growth from 2022

2023 Average Net Price

$19,762

After Financial Aid

2023 Acceptance Rate

75%

3,693,584 Applicants

2023 Enrolled Students

4,199,844

68.2% Full-Time

2023 Graduation Rate

56.3%

283,778 Graduates

About

Masters Colleges and Universities is a Carnegie Classification grouping of higher education institutions. In 2023, the most popular Bachelor's Degree concentrations at Masters Colleges and Universities were General Business Administration & Management (119,501 degrees awarded), Registered Nursing (62,003 degrees), and General Psychology (50,783 degrees).

The median undergraduate tuition at Masters Colleges and Universities is $19,464, which is $8,884 more than than the national median of $10,580. The cost of out-of-state tuition is $24,575, which is 126% of the cost for in-state students, and is $9,616 more than than the national median $14,959.

Costs

The median in-state tuition for Masters Colleges and Universities is $19,464, which is $8,692 more than than the national median in-state tuition of $10,773. The cost of out-of-state tuition is $24,575, which is 126% of the cost for in-state students, and is $9,616 more than than the national median out-of-state tuition of $14,959.

After taking grants and loans into account, the average net price for students is $19,762.

Tuition Costs

$19,464

2023 Undergraduate Tuition

In 2023, the cost of out-of-state tuition at Masters Colleges and Universities was $24,575, which is 126% of the cost for in-state students, which was $19,464. The cost of out-of-state tuition at Masters Colleges and Universities is $9,616 more than than the overall (public and private) national median of $14,959, and the in-state tuition is $8,692 more than than the overall (public and private) national median $10,773.

This chart compares the tuition costs of Masters Colleges and Universities (in red) with those of other similar universities.

Average Net Price

$19,762

2023 Value

2.61%

1 Year Growth

In 2023 Masters Colleges and Universities had an average net price — the price paid after factoring in grants and loans — of $19,762. Between 2022 and 2023, the average net price of Masters Colleges and Universities grew by 2.61%.

This chart compares the average net price of Masters Colleges and Universities (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$10,997

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Masters Colleges and Universities was of $10,997 in 2023. The cost of room and board increased by 2.78% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Masters Colleges and Universities (in red) with that of similar universities.

Financial Aid by Income Level

81%

Undergraduates Receiving Financial Aid through Grants

49%

Undergraduates Receiving Financial Aid through Loans

81% of undergraduate students at Masters Colleges and Universities received financial aid through grants or loans in 2023. This represents a decline of 4.71% with respect to 2022, when 85% of undergraduate students received financial aid.

This chart compares the average award discount at Masters Colleges and Universities (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Admissions

Masters Colleges and Universities received 3,693,584 undergraduate applications in 2023, which represents a 6.97% annual growth. Out of those 3,693,584 applicants, 2,769,449 students were accepted for enrollment, representing a 75% acceptance rate.

There were 4,199,844 students enrolled at Masters Colleges and Universities in 2023. 18.3% of first-time enrollees submitted SAT scores with their applications.

Masters Colleges and Universities has an overall enrollment yield of 18.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

75%

Acceptance Rate in 2023

2,769,449

Accepted Out of 3,693,584

In 2023, the undergraduate acceptance rate of Masters Colleges and Universities was 75% (2,769,449 admissions from 3,693,584 applications). This is lower than the acceptance rate of 2022, which was 75.1%. Between 2022 and 2023, the number of applicants grew by 6.97%, while admissions grew by 6.83%.

This chart compares the acceptance rate of Masters Colleges and Universities (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

18.3%

Submission Percentage (2023)

70,577

Scores Submitted (2023)

18.3% of enrolled first-time students at Masters Colleges and Universities in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Masters Colleges and Universities had a total enrollment of 4,199,844 students in 2023. The full-time enrollment at Masters Colleges and Universities is 2,864,301 students and the part-time enrollment is 1,335,543. This means that 68.2% of students enrolled at Masters Colleges and Universities are enrolled full-time.

The enrolled student population at Masters Colleges and Universities, both undergraduate and graduate, is 50.1% White, 17.7% Hispanic or Latino, 13.4% Black or African American, 5.15% Asian, 3.79% Two or More Races, 0.565% American Indian or Alaska Native, and 0.29% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Masters Colleges and Universities in full-time Undergraduate programs are most commonly White Female (29.8%), followed by White Male (21.6%) and Hispanic or Latino Female (11.6%). Students enrolled in full-time Graduate programs are most commonly White Female (32.9%), followed by White Male (14.5%) and Hispanic or Latino Female (9.17%).

Full-Time vs Part-Time Enrollment

68.2%

Full-Time Enrollment

The total enrollment at Masters Colleges and Universities, both undergraduate and graduate, is 4,199,844 students. The full-time enrollment at Masters Colleges and Universities is 2,864,301 and the part-time enrollment is 1,335,543. This means that 68.2% of students enrolled at Masters Colleges and Universities are enrolled full-time.

This chart shows the full-time vs part-time enrollment status at Masters Colleges and Universities (in red) compares to similar universities.

Retention Rate over Time

74%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Masters Colleges and Universities was 74%.

This chart shows the retention rate over time at Masters Colleges and Universities (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
2,104,645 enrolled students
Hispanic or Latino
741,725 enrolled students
Black or African American
560,974 enrolled students

The enrolled student population at Masters Colleges and Universities is 50.1% White, 17.7% Hispanic or Latino, 13.4% Black or African American, 5.15% Asian, 3.79% Two or More Races, 0.565% American Indian or Alaska Native, and 0.29% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 222,419 students (5.3%) did not report their race.

Graduates

In 2023, 269,374 more women than men received degrees from Masters Colleges and Universities. The most common race/ethnicity group of degree recipients at Masters Colleges and Universities is white (603,582 degrees awarded). There were 3.49 times more white recipients than the next closest race/ethnicity group, hispanic or latino (172,913 degrees).

The most common Bachelor's Degree concentration at Masters Colleges and Universities is General Business Administration & Management (65,779 degrees awarded), followed by Registered Nursing (53,030 degrees) and General Psychology (47,400 degrees).

In 2023, the most specialized majors across all degree types at Masters Colleges and Universities, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Education (129,068 degrees awarded), Applied Sciences (1,854 degrees), and Parks, Recreation, & Leisure (26,327 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Masters Colleges and Universities are Elementary & middle school teachers (1,668,248 people), Secondary school teachers (576,973 people), Education administrators (343,176 people), Other managers (269,635 people), and Social workers, all other (268,562 people).

The most specialized majors at Masters Colleges and Universities in 2023 are Education (129,068 degrees awarded), Applied Sciences (1,854 degrees), Parks, Recreation, & Leisure (26,327 degrees), Psychology (68,003 degrees), and English (15,863 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Masters Colleges and Universities are Surgeons, Cardiovascular technologists and technicians, Physicians, Aircraft pilots & flight engineers, and Nurse anesthetists

The most specialized majors at Masters Colleges and Universities are Education (129,068 degrees awarded), Applied Sciences (1,854 degrees), Parks, Recreation, & Leisure (26,327 degrees), Psychology (68,003 degrees), and English (15,863 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Masters Colleges and Universities are Elementary & secondary schools (3,263,287 people), Colleges, universities & professional schools, including junior colleges (529,473 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (393,609 people), Outpatient care centers (277,074 people), and Individual & family services (275,738 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Masters Colleges and Universities.

Most Common (2023)

General Business Administration & Management
65,779 degrees awarded
Registered Nursing
53,030 degrees awarded
General Psychology
47,400 degrees awarded

In 2023, the most common bachelors degree concentration at Masters Colleges and Universities was General Business Administration & Management with 65,779 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Masters Colleges and Universities according to their major.

Sex Breakdown for Common Majors

418,300

Degrees Awarded to Men

in 2023

687,674

Degrees Awarded to Women

in 2023

In 2023, 418,300 degrees were awarded to men at Masters Colleges and Universities, which is 0.608 times less than the number of degrees awarded to females (687,674).

This chart displays the sex disparity between the top 5 majors at Masters Colleges and Universities by degrees awarded.

Most Common Male Majors

In 2023, 60,277 degrees were awarded to men at Masters Colleges and Universities in General Business Administration & Management, which is 1.02 times more than the 59,224 female recipients with that same degree.

Most Common Female Majors

In 2023, 59,224 degrees were awarded to men at Masters Colleges and Universities in General Business Administration & Management, which is 0.983 times less than the 60,277 male recipients with that same degree.

Time to Complete

38%

100% Completion Time

55%

150% Completion Time

In 2023, 38% of students graduating from Masters Colleges and Universities completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 55% completed their degrees within 150% of the normal time, and 56% within 200%.

The following chart shows these completion rates over time compared to the average for the Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (69.9%)

The student demographic with the highest graduation rate in 2023 at Masters Colleges and Universities is Female and Asian (69.9% graduation rate). Across all , Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.7% of graduates (7658 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
603,582 degrees awarded
Hispanic or Latino
172,913 degrees awarded
Black or African American
124,329 degrees awarded

The most common race/ethnicity at Masters Colleges and Universities is white (603,582 degrees awarded). There were 3.49 times more white recipients than the next closest race/ethnicity group, hispanic or latino (172,913 degrees).

4.91% of degree recipients (54,281 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
376,851 degrees awarded
White Male
226,731 degrees awarded
Hispanic or Latino Female
111,715 degrees awarded

The most common race/ethnicity and sex grouping at Masters Colleges and Universities is white female (376,851 degrees awarded). There were 1.66 times more white female recipients than the next closest race/ethnicity group, white male (226,731 degrees).

Operations

Masters Colleges and Universities has an endowment valued at nearly $49.7M, as of the end of the 2023 fiscal year.

In 2023, Masters Colleges and Universities had a total salary expenditure of 91.8M. Masters Colleges and Universities employs 38,292 Professors, 36,669 Associate professors and 36,135 Assistant professors. Most academics at Masters Colleges and Universities are Male Professor (22,270), Female Assistant professor (20,833), and Female Associate professor (18,366).

The most common positions for non-instructional staff at Masters Colleges and Universities are: Office and Administrative Support, with 50,704 employees, Management, with 46,736 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 40,427 employees.

Endowment

$49.7M

2023 Endowment

5.92%

growth from 2022

Masters Colleges and Universities have a median endowment valued at about $49.7M, as of the end of the 2023 fiscal year. The endowment of Masters Colleges and Universities grew 5.92% from the previous year.

This line chart shows how the endowment at Masters Colleges and Universities (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges and Universities Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$3.18B - Federal
$1.47B - State
$129M - Local

As of 2023, Masters Colleges and Universities received $3.18B in grants and contracts from the federal government, $1.47B from state grants and contracts, and $129M from local grants and contracts.

Salary Expenditure

$37.7M

2023 Salaries

4.49%

growth from 2022

In 2023, Masters Colleges and Universities paid a median of $37.7M in salaries, which represents 41% of their overall expenditure ($91.8M) and a 4.49% growth from the previous year. This is compared to a 2.75% growth between 2021 and 2022, and a 1.37% growth between 2020 and 2021.

Instructional Salaries

$12.2B

Instructional Salaries

139,587

Number of Employees

In 2023, Masters Colleges and Universities paid a total of $12.2B to 139,587 employees working as instructors, which represents 33.4% of all salaries paid.

Occupations by Share

Professor

Most Common Instructor

38,292 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

50,704 Employees

In 2023, the most common positions for instructional staff at Masters Colleges and Universities were Professor with 38,292 employees, Associate professor with 36,669 employees, and Assistant professor with 36,135 employees.

In 2023, the most common positions for non-instructional staff at Masters Colleges and Universities were Office and Administrative Support with 50,704 employees, Management with 46,736 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 40,427 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Female Assistant professor
Female Associate professor

In 2023, the most common demographic for instructional staff at Masters Colleges and Universities was Male Professor with 22,270 employees, Female Assistant professor with 20,833 employees, and Female Associate professor with 18,366 employees.

This chart shows the sex split between each academic rank present at Masters Colleges and Universities.