Masters Colleges and Universities

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2022 Undergraduate Tuition
$19,260
1.95% growth from 2021
2022 Average Net Price
$19,260
After Financial Aid
2022 Acceptance Rate
75.1%
3,453,009 Applicants
2022 Enrolled Students
4,119,639
67.6% Full-Time
2022 Graduation Rate
56.2%
279,560 Graduates

About

Masters Colleges and Universities is a Carnegie Classification grouping of higher education institutions. In 2022, the most popular Bachelor's Degree concentrations at Masters Colleges and Universities were General Business Administration & Management (122,325 degrees awarded), Registered Nursing (65,756 degrees), and General Psychology (50,065 degrees).

In 2022, 1,133,959 degrees were awarded across all undergraduate and graduate programs at Masters Colleges and Universities. 62.4% of these degrees were awarded to women, and 37.6% awarded men. The most common race/ethnicity group of degree recipients was white (629,126 degrees), 3.64 times more than then the next closest race/ethnicity group, hispanic or latino (172,744 degrees).

The median undergraduate tuition at Masters Colleges and Universities is $19,260, which is $8,704 more than than the national median of $10,556. The cost of out-of-state tuition is $23,996, which is 125% of the cost for in-state students, and is $9,063 more than than the national median $14,933.

Costs

The median in-state tuition for Masters Colleges and Universities is $19,260, which is $8,580 more than than the national median in-state tuition of $10,680. The cost of out-of-state tuition is $23,996, which is 125% of the cost for in-state students, and is $9,063 more than than the national median out-of-state tuition of $14,933.

After taking grants and loans into account, the average net price for students is $19,260.

Tuition Costs

$19,260
2022 Undergraduate Tuition

In 2022, the cost of out-of-state tuition at Masters Colleges and Universities was $23,996, which is 125% of the cost for in-state students, which was $19,260. The cost of out-of-state tuition at Masters Colleges and Universities is $9,063 more than than the overall (public and private) national median of $14,933, and the in-state tuition is $8,580 more than than the overall (public and private) national median $10,680.

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

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Average Net Price

$19,260
2022 Value
2.17%
1 Year Growth

In 2022 Masters Colleges and Universities had an average net price — the price paid after factoring in grants and loans — of $19,260. Between 2021 and 2022, the average net price of Masters Colleges and Universities grew by 2.17%.

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.

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Other Student Expenses

$10,699
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Masters Colleges and Universities was of $10,699 in 2022. The cost of room and board increased by 2.37% between 2021 and 2022.

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.

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Financial Aid by Income Level

85%
Undergraduates Receiving Financial Aid through Grants
51%
Undergraduates Receiving Financial Aid through Loans

85% of undergraduate students at Masters Colleges and Universities received financial aid through grants or loans in 2022. This represents a growth of 2.41% with respect to 2021, when 83% 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.

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Admissions

Masters Colleges and Universities received 3,453,009 undergraduate applications in 2022, which represents a 8.07% annual growth. Out of those 3,453,009 applicants, 2,592,465 students were accepted for enrollment, representing a 75.1% acceptance rate.

There were 4,119,639 students enrolled at Masters Colleges and Universities in 2022. 18.9% of first-time enrollees submitted SAT scores with their applications.

Masters Colleges and Universities has an overall enrollment yield of 18.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

75.1%
Acceptance Rate in 2022
2,592,465
Accepted Out of 3,453,009

In 2022, the undergraduate acceptance rate of Masters Colleges and Universities was 75.1% (2,592,465 admissions from 3,453,009 applications). This is lower than the acceptance rate of 2021, which was 76.5%. Between 2021 and 2022, the number of applicants grew by 8.07%, while admissions grew by 6.03%..

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.

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SAT Scores

18.9%
Submission Percentage (2022)
75,342
Scores Submitted (2022)

18.9% of enrolled first-time students at Masters Colleges and Universities in 2022 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.

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Enrollment

Masters Colleges and Universities had a total enrollment of 4,119,639 students in 2022. The full-time enrollment at Masters Colleges and Universities is 2,784,978 students and the part-time enrollment is 1,334,661. This means that 67.6% 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 51.2% White, 17.3% Hispanic or Latino, 13% Black or African American, 5.21% Asian, 3.61% Two or More Races, 0.563% American Indian or Alaska Native, and 0.3% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Masters Colleges and Universities in full-time Undergraduate programs are most commonly White Female (30.1%), followed by White Male (21.8%) and Hispanic or Latino Female (11.6%). Students enrolled in full-time Graduate programs are most commonly White Female (33.6%), followed by White Male (14.7%) and Hispanic or Latino Female (9.17%).

Full-Time vs Part-Time Enrollment

67.6%
Full-Time Enrollment

The total enrollment at Masters Colleges and Universities, both undergraduate and graduate, is 4,119,639 students. The full-time enrollment at Masters Colleges and Universities is 2,784,978 and the part-time enrollment is 1,334,661. This means that 67.6% 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.

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Retention Rate over Time

73%
2022 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 73%. Compared with the full-time retention rate at similar (73%), Masters Colleges and Universities had a retention rate approximately the same as its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    2,107,611 enrolled students
  2. Hispanic or Latino
    714,495 enrolled students
  3. Black or African American
    534,114 enrolled students

The enrolled student population at Masters Colleges and Universities is 51.2% White, 17.3% Hispanic or Latino, 13% Black or African American, 5.21% Asian, 3.61% Two or More Races, 0.563% American Indian or Alaska Native, and 0.3% 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, 221,525 students (5.38%) did not report their race.

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Graduates

In 2022, 282,243 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 (629,126 degrees awarded). There were 3.64 times more white recipients than the next closest race/ethnicity group, hispanic or latino (172744 degrees).

The most common Bachelor's Degree concentration at Masters Colleges and Universities is General Business Administration & Management (67,419 degrees awarded), followed by Registered Nursing (56,834 degrees) and General Psychology (47,353 degrees).

In 2022,  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 Applied Sciences (1,882 degrees awarded), Education (133,604 degrees), and Parks, Recreation, & Leisure (27,309 degrees).

Common Jobs by Major

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 (1,743,537 people), Secondary school teachers (534,660 people), Education administrators (339,131 people), Social workers, all other (273,687 people), and Other managers (257,407 people).

The most specialized majors at Masters Colleges and Universities in 2022 are Applied Sciences (1,882 degrees awarded), Education (133,604 degrees), Parks, Recreation, & Leisure (27,309 degrees), Psychology (66,135 degrees), and Public Administration and Social Service (31,762 degrees) (as of 2022).

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Highest Paying Jobs by Major

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 Applied Sciences (1,882 degrees awarded), Education (133,604 degrees), Parks, Recreation, & Leisure (27,309 degrees), Psychology (66,135 degrees), and Public Administration and Social Service (31,762 degrees) (as of 2022).

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Common Industries by Major

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).

The most specialized majors at Masters Colleges and Universities are Applied Sciences (1,882 degrees awarded), Education (133,604 degrees), Parks, Recreation, & Leisure (27,309 degrees), Psychology (66,135 degrees), and Public Administration and Social Service (31,762 degrees) (as of 2022).

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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 (2022)
  1. 67,419 degrees awarded
  2. 56,834 degrees awarded
  3. 47,353 degrees awarded

In 2022, the most common bachelors degree concentration at Masters Colleges and Universities was General Business Administration & Management with 67,419 degrees awarded.

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

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Sex Breakdown for Common Majors

425,858
Degrees Awarded to Men
in 2022
708,101
Degrees Awarded to Women
in 2022

In 2022, 425,858 degrees were awarded to men at Masters Colleges and Universities, which is 0.601 times less than the number of degrees awarded to females (708,101).

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

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Most Common Male Majors

In 2022, 61577 degrees were awarded to men at Masters Colleges and Universities in General Business Administration & Management, which is 1.01 times more than the 60748 female recipients with that same degree.

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Most Common Female Majors

In 2022, 60748 degrees were awarded to men at Masters Colleges and Universities in General Business Administration & Management, which is 0.987 times less than the 61577 male recipients with that same degree.

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Time to Complete

37%
100% Completion Time
53%
150% Completion Time

In 2022, 37% 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, 53% completed their degrees within 150% of the normal time, and 55% 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (70.2%)

The student demographic with the highest graduation rate in 2022 at Masters Colleges and Universities is Female and Asian (70.2% graduation rate). Across all , Asian Female students have the highest graduation rate (73.2%).

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, 2.65% of graduates (7401 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    629,126 degrees awarded
  2. Hispanic or Latino
    172,744 degrees awarded
  3. Black or African American
    127,940 degrees awarded

The most common race/ethnicity at Masters Colleges and Universities is white (629,126 degrees awarded). There were 3.64 times more white recipients than the next closest race/ethnicity group, hispanic or latino (172744 degrees).

5.23% of degree recipients (59,334 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    392,115 degrees awarded
  2. White Male
    237,011 degrees awarded
  3. Hispanic or Latino Female
    111,888 degrees awarded

The most common race/ethnicity and sex grouping at Masters Colleges and Universities is white female (392,115 degrees awarded). There were 1.65 times more white female recipients than the next closest race/ethnicity group, white male (237011 degrees).

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Operations

Masters Colleges and Universities has an endowment valued at nearly $46.6M, as of the end of the 2022 fiscal year.

In 2022, Masters Colleges and Universities had a total salary expenditure of 91M. Masters Colleges and Universities employs 37,982 Professors, 37,316 Associate professors and 36,978 Assistant professors. Most academics at Masters Colleges and Universities are Male Professor (22,315), Female Assistant professor (21,318), and Male Associate professor (18,741).

The most common positions for non-instructional staff at Masters Colleges and Universities are: Office and Administrative Support, with 51,308 employees, Management, with 45,454 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 38,826 employees.

Endowment

$46.6M
2022 Endowment
7.65%
decline from 2021

Masters Colleges and Universities have a median endowment valued at about $46.6M, as of the end of the 2022 fiscal year. The endowment of Masters Colleges and Universities declined 7.65% 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.

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Government Grants and Contracts

Grants & Contracts
  1. $4.98B - Federal
  2. $1.37B - State
  3. $112M - Local

As of 2022, Masters Colleges and Universities received $4.98B in grants and contracts from the federal government, $1.37B from state grants and contracts, and $112M from local grants and contracts.

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Salary Expenditure

$36.1M
2022 Salaries
2.76%
growth from 2021

In 2022, Masters Colleges and Universities paid a median of $36.1M in salaries, which represents 39.6% of their overall expenditure ($91M) and a 2.76% growth from the previous year.

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Instructional Salaries

$11.8B
Instructional Salaries
140,156
Number of Employees

In 2022, Masters Colleges and Universities paid a total of $11.8B to 140,156 employees working as instructors, which represents 33.7% of all salaries paid.

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Occupations by Share

Professor
Most Common Instructor
37,982 Employees
Office and Administrative Support
Most Common Non-Instructional Employee
51,308 Employees

In 2022, the most common positions for instructional staff at Masters Colleges and Universities were Professor with 37,982 employees, Associate professor with 37,316 employees, and Assistant professor with 36,978 employees.

In 2022, the most common positions for non-instructional staff at Masters Colleges and Universities were Office and Administrative Support with 51,308 employees, Management with 45,454 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 38,826 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male Professor
  2. Female Assistant professor
  3. Male Associate professor

In 2022, the most common demographic for instructional staff at Masters Colleges and Universities was Male Professor with 22,315 employees, Female Assistant professor with 21,318 employees, and Male Associate professor with 18,741 employees.

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

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