Owner Education Requirements

Updated January 8, 2025
4 min read

There are several educational requirements to become an owner. Owners usually study business, accounting, or psychology. 52% of owners hold a bachelor's degree, and 20% hold an associate degree. We analyzed 310,513 real owner resumes to see exactly what owner education sections show.

The most common colleges for owners are the University of Phoenix and the University of Phoenix.

There are also many online owner courses to help get the education required to be an owner.

There are certain owner certifications that you should consider. These owner certifications include Certified Sales Professional (CSP) and Certified Management Accountant (CMA).

What education do you need to become an owner?

What degree do you need to be an owner?

The most common degree for owners is bachelor's degree, with 52% of owners earning that degree. The second and third most common degree levels are associate degree degree at 20% and associate degree degree at 12%.
  • Bachelor's, 52%
  • Associate, 20%
  • High School Diploma, 12%
  • Master's, 8%
  • Other Degrees, 8%

What should I major in to become an owner?

You should major in business to become an owner. 32% of owners major in business. Other common majors for an owner include accounting and psychology.

Most common colleges for owners

Owners often get their degrees at University of Phoenix, Arizona State University, and Ohio State University. Here are the most common colleges for owners in the US based on their resumes.
Owner Common College
ascdesc
Percentages
ascdesc
University of Phoenix19.84%
Arizona State University5.83%
Ohio State University5.43%
Pennsylvania State University5.05%
Michigan State University4.67%

Best majors for owners

Rank
ascdesc
Major
ascdesc
Percentages
ascdesc
1Business32.3%
2Accounting7.4%
3Psychology5.3%
4Marketing5.0%
5Communication4.7%

Best colleges for owners

The best colleges for owners are Northwestern University, University of Pennsylvania, and University of Southern California.

An owner with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for owners. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become owners.

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

Website

www.upenn.edu

Address

1 College Hall, Room 100, Philadelphia, PA 19104-6303

Median Earnings 6 years after Graduation: $91,200 per year

Net Price: $25,033 per year

Admissions
Acceptance Rate - 8.41%
SAT Average - 1492
ACT Average - 34
Most Popular Majors
Education
Biology
Finance
Business
Nursing

2. Northwestern University

Evanston, IL • Private

In-State Tuition

$54,568

Enrollment

8,451

Website

www.northwestern.edu

Address

633 Clark St, Evanston, IL 60208

Median Earnings 6 years after Graduation: $71,900 per year

Net Price: $24,840 per year

Admissions
Acceptance Rate - 8.47%
SAT Average - 1508
ACT Average - 34
Most Popular Majors
Biology
Business
Liberal Arts
Communication
Psychology

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

Website

www.usc.edu/

Address

University Park, Los Angeles, CA 90089-0012

Median Earnings 6 years after Graduation: $61,400 per year

Net Price: $30,453 per year

Admissions
Acceptance Rate - 12.96%
SAT Average - 1445
ACT Average - 32
Most Popular Majors
Business
Computer Science
Education
Electrical Engineering
Communication

4. University of Texas at Austin

Austin, TX • Private

In-State Tuition

$10,610

Enrollment

40,329

Website

www.utexas.edu

Address

110 Inner Campus Drive, Austin, TX 78712

Median Earnings 6 years after Graduation: $52,200 per year

Net Price: $16,505 per year

Admissions
Acceptance Rate - 38.52%
SAT Average - 1367
ACT Average - 30
Most Popular Majors
Biology
Business
Electrical Engineering
Accounting
Liberal Arts

5. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition

$9,808

Enrollment

13,990

Website

www.binghamton.edu

Address

P.O. Box 6000, Binghamton, NY 13902-6000

Median Earnings 6 years after Graduation: $47,700 per year

Net Price: $18,958 per year

Admissions
Acceptance Rate - 39.81%
SAT Average - 1376
ACT Average - 30
Most Popular Majors
Biology
Accounting
Psychology
Nursing
Computer Science

20 best online courses for owners

Advertising Disclosure

1. Predictive Analytics for Business

udacity

Learn to apply predictive analytics and business intelligence to solve real-world business problems...

2. AI for Business Leaders

udacity

Master the foundations of artificial intelligence so you can strategically implement AI in your company. Leverage machine learning technologies to power corporate growth, increase efficiency, and enhance customer experiences...

3. QuickBooks Payroll - QuickBooks Online

udemy
4.5
(319)

Processing Quick Books Online payroll for a small business, generating paychecks, processing payroll tax forms...

4. Customer Service

udemy
4.6
(11,267)

How to Approach New Customers and Maintain Existing Ones...

5. Customer Service, Customer Support, And Customer Experience

udemy
4.6
(2,666)

Customer service, customer support, and customer experience training. Loyal clients through world-class customer service...

6. Customer Service Mastery: Delight Every Customer

udemy
4.7
(18,204)

Master Customer Service using this practical customer care course...

7. Customer Service: 6 Keys To Exceptional Customer Service

udemy
4.6
(601)

Master Customer Satisfaction & Astonish Your Customers With A+ Customer Service...

8. Customer Service & Support For Customer Service Executives

udemy
4.5
(941)

Learn Customer Service Skills & Provide Excellent Customer Support, Customer Experience & How To Manage Upset Customers...

9. Real Estate Photography Masterclass

udemy
4.3
(437)

A Guide to Equipment, Technique and Workflow for Real Estate Photography...

10. Mastering Architecture and Real Estate Photography

udemy
4.5
(3,730)

Start a business photographing real estate photography jobs for architects, builders, and real estate agents...

Top 10 most affordable universities for owners

The most affordable schools for owners are Baruch College of the City University of New York, university of florida, and brigham young university.

If the best universities for owners are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for owners.

1. Baruch College of the City University of New York

New York, NY • Private

In-State Tuition

$7,262

Cost of Attendance

14,046

Website

www.baruch.cuny.edu

Address

One Bernard Baruch Way, New York, NY 10010

Median Earnings 6 years after Graduation: $47,500 per year

Net Price: $2,981 per year

Admissions
Acceptance Rate - 39.29%
SAT Average - 1305
Most Popular Majors
Finance
Accounting
Business
Psychology
Political Science

2. University of Florida

Gainesville, FL • Private

In-State Tuition

$6,381

Cost of Attendance

21,034

Website

www.ufl.edu/

Address

300 SW 13th Street, Gainesville, FL 32611

Median Earnings 6 years after Graduation: $47,700 per year

Net Price: $8,057 per year

Admissions
Acceptance Rate - 38.75%
SAT Average - 1362
ACT Average - 30
Most Popular Majors
Biology
Business
Education
Psychology
Political Science

3. Brigham Young University

Provo, UT • Private

In-State Tuition

$5,620

Cost of Attendance

18,136

Website

www.byu.edu

Address

Main Campus, Provo, UT 84602

Median Earnings 6 years after Graduation: $46,600 per year

Net Price: $13,181 per year

Admissions
Acceptance Rate - 64.47%
SAT Average - 1324
ACT Average - 29
Most Popular Majors
Biology
Education
Accounting
Business
Psychology
U

4. USF Sarasota-Manatee

Sarasota, FL • Private

In-State Tuition

$5,587

Cost of Attendance

13,043

Website

usfsm.edu/

Address

8350 N. Tamiani Trail, Sarasota, FL 34243

Median Earnings 6 years after Graduation: $39,400 per year

Net Price: $4,595 per year

Admissions
Acceptance Rate - 32.43%
SAT Average - 1225
ACT Average - 26
Most Popular Majors
Biology
Psychology
Liberal Arts
Education
Business

5. California State University - Fullerton

Fullerton, CA • Private

In-State Tuition

$6,886

Cost of Attendance

17,645

Website

www.fullerton.edu

Address

800 N State College Blvd, Fullerton, CA 92831-3599

Median Earnings 6 years after Graduation: $38,500 per year

Net Price: $8,234 per year

Admissions
Acceptance Rate - 43.41%
SAT Average - 1124
ACT Average - 22
Most Popular Majors
Business
Education
Communication
Psychology
Biology

Top 10 hardest universities to get into for owners

The hardest universities for owners to get into are Northwestern University, University of Pennsylvania, and University of Southern California.

Some great schools for owners are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for owners based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.

1. Northwestern University

Evanston, IL • Private

Admissions Rate

8%

SAT Average

1,508

Website

www.northwestern.edu

Address

633 Clark St, Evanston, IL 60208

Median Earnings 6 years after Graduation: $71,900 per year

Net Price: $24,840 per year

Admissions
Acceptance Rate - 8.47%
SAT Average - 1508
ACT Average - 34
Most Popular Majors
Biology
Business
Liberal Arts
Communication
Psychology

2. University of Pennsylvania

Philadelphia, PA • Private

Admissions Rate

8%

SAT Average

1,492

Website

www.upenn.edu

Address

1 College Hall, Room 100, Philadelphia, PA 19104-6303

Median Earnings 6 years after Graduation: $91,200 per year

Net Price: $25,033 per year

Admissions
Acceptance Rate - 8.41%
SAT Average - 1492
ACT Average - 34
Most Popular Majors
Education
Biology
Finance
Business
Nursing

3. University of Southern California

Los Angeles, CA • Private

Admissions Rate

13%

SAT Average

1,445

Website

www.usc.edu/

Address

University Park, Los Angeles, CA 90089-0012

Median Earnings 6 years after Graduation: $61,400 per year

Net Price: $30,453 per year

Admissions
Acceptance Rate - 12.96%
SAT Average - 1445
ACT Average - 32
Most Popular Majors
Business
Computer Science
Education
Electrical Engineering
Communication

4. Carnegie Mellon University

Pittsburgh, PA • Private

Admissions Rate

17%

SAT Average

1,507

Website

www.cmu.edu/

Address

5000 Forbes Ave, Pittsburgh, PA 15213-3890

Median Earnings 6 years after Graduation: $84,000 per year

Net Price: $32,674 per year

Admissions
Acceptance Rate - 17.12%
SAT Average - 1507
ACT Average - 34
Most Popular Majors
Electrical Engineering
Business
Computer Science
Biology
Graphic Design

5. Northeastern University

Boston, MA • Private

Admissions Rate

19%

SAT Average

1,466

Website

www.northeastern.edu

Address

360 Huntington Ave, 110CH, Boston, MA 02115

Median Earnings 6 years after Graduation: $57,800 per year

Net Price: $31,855 per year

Admissions
Acceptance Rate - 19.34%
SAT Average - 1466
ACT Average - 33
Most Popular Majors
Biology
Electrical Engineering
Nursing
Communication
Political Science

Top 10 easy-to-apply-to universities for owners

The easiest schools for owners to get into are Mount Saint Mary's University, barry university, and oklahoma wesleyan university.

Some schools are much easier to get into. If you want to start your career as an owner without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for owners.

1. Mount Saint Mary's University

Los Angeles, CA • Private

Admissions Rate

84%

SAT Average

1,031

Website

https://www.msmu.edu

Address

12001 Chalon Road, Los Angeles, CA 90049

Median Earnings 6 years after Graduation: $57,700 per year

Net Price: $29,267 per year

Admissions
Acceptance Rate - 83.82%
SAT Average - 1031
ACT Average - 20
Most Popular Majors
Nursing
Education
Liberal Arts
Business
Biology

2. Barry University

Miami, FL • Private

Admissions Rate

91%

SAT Average

1,006

Website

www.barry.edu

Address

11300 NE 2nd Ave, Miami Shores, FL 33161-6695

Median Earnings 6 years after Graduation: $43,700 per year

Net Price: $17,937 per year

Admissions
Acceptance Rate - 91.25%
SAT Average - 1006
ACT Average - 20
Most Popular Majors
Business
Biology
Nursing
Education
Liberal Arts

3. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions Rate

68%

SAT Average

964

Website

www.okwu.edu

Address

2201 Silver Lake Rd, Bartlesville, OK 74006-6299

Median Earnings 6 years after Graduation: $50,500 per year

Net Price: $26,279 per year

Admissions
Acceptance Rate - 67.73%
SAT Average - 964
ACT Average - 19
Most Popular Majors
Nursing
Liberal Arts
Education
Psychology
Biology

4. University of North Texas at Dallas

Dallas, TX • Private

Admissions Rate

83%

SAT Average

992

Website

untdallas.edu

Address

7300 University Hills Blvd, Dallas, TX 75241

Median Earnings 6 years after Graduation: $39,300 per year

Net Price: $7,400 per year

Admissions
Acceptance Rate - 83.11%
SAT Average - 992
ACT Average - 18
Most Popular Majors
Criminal Justice
Psychology
Business
Accounting
Education

5. Holy Names University

Oakland, CA • Private

Admissions Rate

70%

SAT Average

849

Website

www.hnu.edu

Address

3500 Mountain Blvd, Oakland, CA 94619-1699

Median Earnings 6 years after Graduation: $49,000 per year

Net Price: $23,175 per year

Admissions
Acceptance Rate - 70.04%
SAT Average - 849
ACT Average - 20
Most Popular Majors
Education
Business
Psychology
Nursing
Liberal Arts

Average owner salary by education level

According to our data, owners with a Master's degree earn the highest average salary, at $100,949 annually. Owners with a Doctorate degree earn an average annual salary of $100,936.
Owner education level
ascdesc
Owner salary
ascdesc
Master's Degree$100,949
Bachelor's Degree$94,102
Doctorate Degree$100,936
Some College/ Associate Degree$76,441

Owner Education FAQs

Search for owner jobs

Loading...
Loading...

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Browse executive management jobs