In addition to teacher education programs, Murray State University also offers baccalaureate and masters degrees in business, health sciences, agriculture, liberal arts, sciences, engineering and technology. The program of distinction is telecommunications systems management (TSM) and is available at the main campus as well as online. MSU also has an acclaimed online MBA program.

The fiscal year 2026 Postsecondary Education Performance Fund distribution in the amount of $5,069,300 is added to Murray State University's base General Fund appropriation in fiscal years 2027 and 2028.

Included in the base General Fund budget is $4,034,200 in each fiscal year for the Breathitt Veterinary Center; $1,800,000 in each fiscal year for the Fixed Allocation Pension Subsidy; and $1,451,400 in each fiscal year to support the Commonwealth's Property and Casualty Insurance Fund premium. Murray State's Mandated Programs total $7,285,600 in each fiscal year.

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