Studying business administration is budget-friendly, and there are many affordable universities for this program. According to US News & World Report, a public university degree for an in-state student costs just $10,388 a year, on average. However, the same degree at a private institution can cost an average of $38,185 annually. If you are on a budget and choose to study in state at a public institution, your entire degree will cost around $40,000.