Salem has a general population of 40,407 and an overall student population of 10,125. Approximately 10,125 of Salem's students are enrolled in schools that offer business programs.
The largest business school in Salem, by student population, is Salem State University. In 2010, approximately 122 students graduated from the Business program at Salem State University.
In 2010, 362 students graduated with a business degree from one of Salem's business schools. If you decide to join their ranks, you can expect to pay an average of $19,443 per year in tuition if you are eligible for instate tuition. Out of state tuition for all Salem business schools was an average of $25,583 per year in 2009.
In addition to tuition costs, plan on spending an average of $900 for business related books and supplies each year. And if you live on campus at one of the Salem-based business schools, you will have an added expense of $9,439 per year, on average, for room and board. Students who live at home can cut this cost down to approximately $12,148.
Many business graduates choose to work as business professionals after graduation. If you choose to follow that path and remain in Salem, your job prospects are not very good. There were 45,430 business professionals working in Massachusetts and 1,550 working in the greater Salem area in 2010. The government projects that the number of business professionals in Salem will decrease by -7% by the year 2018. This projected change is slower than the projected nationwide trend for business professionals.