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2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k

36 Ranked Colleges
5,125 Degrees Awarded
$21,100 Avg Grad Tuition & Fees*
Best Value Business Administration Schools for a Master's in Illinois For Those Making $30-$48k

When pursuing a degree in today’s world, students have many different options to choose from. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k” ranking is one tool we have developed to help in this regard.

With 343,202 degrees handed out in 2019-2020, general business administration and management is the 1st most popular major in the United States.

Across Illinois, there were 9,654 general business administration and management graduates with average earnings and debt of $0 and $0 respectively. At the master’s degree level specifically, there were 5,125 general business administration and management graduates with average earnings and debt of $57,267 and $46,814 respectively.

For this year’s “Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k” ranking, we looked at 36 colleges that offer a degree in general business administration and management. This ranking identifies schools with high-quality general business administration and management programs that also have a lower cost than schools of similar quality.

Some of the factors we look at when determining these rankings are overall quality of the general business administration and management program at the school and the cost of the school after aid is awarded among other things. Check out our ranking methodology for more information.

One Size Does Not Fit All

The business administration school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k”.

One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important to you. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.

Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k

The colleges and universities below are the best for illinois master’s degree business administration students whose families make $30-$48k.

Top 25 Best Value Master’s Degree Colleges for General Business Administration and Management (Income $30-$48k) in Illinois

#1

Northwestern University

Evanston, Illinois
#1 in overall quality

You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #1 for the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k. Evanston, Illinois is the setting for this large institution of higher learning. The private not-for-profit school handed out masters’s business administration degrees to 306 students in 2019-2020.

In addition to being on our illinois master’s degree business administration students whose families make $30-$48k list, Northwestern has also earned the #1 rank in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northwestern University are $56,567, but you may pay more or less depending on your major.

Read more about General Business Administration and Management at Northwestern University

#2

University of Chicago

Chicago, Illinois
#3 in overall quality

You’ll be in good company if you decide to attend University of Chicago. It ranked #2 on our 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. UChicago is a private not-for-profit institution located in Chicago, Illinois. The school has a fairly large population, and it awarded 228 masters’s degrees in 2019-2020.

UChicago did well in our major quality rankings, too. It placed #3 on our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at UChicago are $61,548, but you may pay more or less depending on your major.

Full University of Chicago General Business Administration and Management Report

#2 in overall quality

You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #3 on our 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. Champaign, Illinois is the setting for this large institution of higher learning. The public school handed out masters’s business administration degrees to 695 students in 2019-2020.

UIUC not only placed well in this ranking. It is also #2 on our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at UIUC are $30,083, but you may pay more or less depending on your major.

Full UIUC General Business Administration and Management Report

#10 in overall quality

Out of the 36 schools in the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k that were part of this year’s ranking, University of Illinois at Chicago landed the #4 spot on the list. Chicago, Illinois is the setting for this large institution of higher learning. The public school handed out masters’s business administration degrees to 198 students in 2019-2020.

UIC did well in our major quality rankings, too. It placed #10 on our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at UIC are $27,036, but you may pay more or less depending on your major.

Read more about General Business Administration and Management at UIC

Out of the 36 schools in the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k that were part of this year’s ranking, Southern Illinois University Edwardsville landed the #5 spot on the list. SIUE is a fairly large school located in Edwardsville, Illinois that handed out 80 masters’s business administration degrees in 2019-2020.

Average graduate tuition and fees at Southern Illinois University Edwardsville are $9,300, but you may pay more or less depending on your major.

Full Southern Illinois University Edwardsville General Business Administration and Management Report

University of Illinois at Springfield came in at #6 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. UIS is a public institution located in Springfield, Illinois. The school has a small population, and it awarded 35 masters’s degrees in 2019-2020.

Average graduate tuition and fees at University of Illinois at Springfield are $16,757, but some majors have different tuition rates.

Read full report on General Business Administration and Management at UIS

#7

Northern Illinois University

Dekalb, Illinois
#13 in overall quality

With a ranking of #7, Northern Illinois University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. NIU is a fairly large school located in Dekalb, Illinois that handed out 146 masters’s business administration degrees in 2019-2020.

NIU also made our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list, coming in at #13. Average graduate tuition and fees at NIU are $11,086, but you may pay more or less depending on your major.

Read full report on General Business Administration and Management at NIU

#8

Eastern Illinois University

Charleston, Illinois

Eastern Illinois University came in at #8 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. Eastern Illinois University is a medium-sized school located in Charleston, Illinois that handed out 36 masters’s business administration degrees in 2019-2020.

Average graduate tuition and fees at Eastern Illinois University are $20,761, but some majors have different tuition rates.

Read more about General Business Administration and Management at EIU

#9

Governors State University

University Park, Illinois

Governors State University landed the #9 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. GSU is a small public school situated in University Park, Illinois. It awarded 23 masters’s business administration degrees in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at GSU are $14,674.

Read more about General Business Administration and Management at Governors State University

#10

University of St Francis

Joliet, Illinois
#21 in overall quality

With a ranking of #10, University of St Francis did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. University of Saint Francis is a private not-for-profit institution located in Joliet, Illinois. The school has a small population, and it awarded 55 masters’s degrees in 2019-2020.

In addition to being on our illinois master’s degree business administration students whose families make $30-$48k list, University of Saint Francis has also earned the #21 rank in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Saint Francis are $13,839.

Full University of St Francis General Business Administration and Management Report

#11

Aurora University

Aurora, Illinois
#15 in overall quality

Aurora University ranked #11 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. This medium-sized school is located in Aurora, Illinois, and it awarded 146 masters’s business administration degrees in 2019-2020.

As a testament to the quality of education offered at Aurora, the school also landed the #15 spot in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Aurora University are $13,200, but some majors have different tuition rates.

Read more about General Business Administration and Management at Aurora

#12

Illinois State University

Normal, Illinois
#9 in overall quality

Illinois State University came in at #12 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. This large school is located in Normal, Illinois, and it awarded 104 masters’s business administration degrees in 2019-2020.

In addition to being on our illinois master’s degree business administration students whose families make $30-$48k list, Illinois State has also earned the #9 rank in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Illinois State University are $11,069, but some majors have different tuition rates.

Full Illinois State University General Business Administration and Management Report

#13

Western Illinois University

Macomb, Illinois
#23 in overall quality

Western Illinois University ranked #13 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. Western Illinois University is a medium-sized public school situated in Macomb, Illinois. It awarded 36 masters’s business administration degrees in 2019-2020.

As a testament to the quality of education offered at WIU, the school also landed the #23 spot in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at WIU are $11,996, but you may pay more or less depending on your major.

Full Western Illinois University General Business Administration and Management Report

#14

Saint Xavier University

Chicago, Illinois

Saint Xavier University came in at #14 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. This small school is located in Chicago, Illinois, and it awarded 18 masters’s business administration degrees in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at Saint Xavier University are $15,450.

Read more about General Business Administration and Management at Saint Xavier University

With a ranking of #15, Southern Illinois University Carbondale did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. SIUC is a public institution located in Carbondale, Illinois. The school has a fairly large population, and it awarded 43 masters’s degrees in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at SIUC are $32,928.

Full Southern Illinois University Carbondale General Business Administration and Management Report

#16

Lewis University

Romeoville, Illinois
#11 in overall quality

Lewis University ranked #16 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. This medium-sized school is located in Romeoville, Illinois, and it awarded 100 masters’s business administration degrees in 2019-2020.

Lewis also took the #11 spot in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Lewis University are $14,780, but you may pay more or less depending on your major.

Full Lewis University General Business Administration and Management Report

#17

Elmhurst University

Elmhurst, Illinois
#8 in overall quality

Elmhurst University landed the #17 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. Elmhurst University is a private not-for-profit institution located in Elmhurst, Illinois. The school has a small population, and it awarded 68 masters’s degrees in 2019-2020.

Elmhurst did well in our major quality rankings, too. It placed #8 on our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Elmhurst University are $32,300, but you may pay more or less depending on your major.

Full Elmhurst General Business Administration and Management Report

#18

Dominican University

River Forest, Illinois

With a ranking of #18, Dominican University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. Located in River Forest, Illinois, this small private not-for-profit school handed out 38 degrees to qualified masters’s business administration students in 2019-2020.

Average graduate tuition and fees at Dominican U are $20,884, but you may pay more or less depending on your major.

Read more about General Business Administration and Management at Dominican U

#19

Concordia University, Chicago

River Forest, Illinois
#14 in overall quality

Concordia University, Chicago did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking, coming in at #19. Concordia University, Chicago is a medium-sized school located in River Forest, Illinois that handed out 154 masters’s business administration degrees in 2019-2020.

In addition to being on our illinois master’s degree business administration students whose families make $30-$48k list, Concordia University, Chicago has also earned the #14 rank in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Concordia University, Chicago are $9,378.

Full Concordia University, Chicago General Business Administration and Management Report

#20

Bradley University

Peoria, Illinois
#6 in overall quality

With a ranking of #20, Bradley University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. Bradley is a medium-sized private not-for-profit school situated in Peoria, Illinois. It awarded 25 masters’s business administration degrees in 2019-2020.

In addition to being on our illinois master’s degree business administration students whose families make $30-$48k list, Bradley has also earned the #6 rank in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Bradley University are $17,040, but you may pay more or less depending on your major.

Read more about General Business Administration and Management at Bradley University

#21

Olivet Nazarene University

Bourbonnais, Illinois
#24 in overall quality

Olivet Nazarene University landed the #21 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. Olivet Nazarene is a small private not-for-profit school situated in Bourbonnais, Illinois. It awarded 55 masters’s business administration degrees in 2019-2020.

In addition to being on our illinois master’s degree business administration students whose families make $30-$48k list, Olivet Nazarene has also earned the #24 rank in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Olivet Nazarene University are $13,393, but some majors have different tuition rates.

Read full report on General Business Administration and Management at Olivet Nazarene

#22

North Park University

Chicago, Illinois
#22 in overall quality

North Park University landed the #22 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. Located in Chicago, Illinois, this small private not-for-profit school awarded 51 diplomas to qualified masters’s business administration students in 2019-2020.

North Park did well in our major quality rankings, too. It placed #22 on our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at North Park University are $14,076.

Read more about General Business Administration and Management at North Park University

#23

National Louis University

Chicago, Illinois

National Louis University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking, coming in at #23. NLU is a private not-for-profit institution located in Chicago, Illinois. The school has a medium-sized population, and it awarded 46 masters’s degrees in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at NLU are $12,096.

Read full report on General Business Administration and Management at NLU

#24

Millikin University

Decatur, Illinois
#19 in overall quality

With a ranking of #24, Millikin University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. Millikin University is a private not-for-profit institution located in Decatur, Illinois. The school has a small population, and it awarded 26 masters’s degrees in 2019-2020.

Millikin did well in our major quality rankings, too. It placed #19 on our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Millikin are $23,733.

Read more about General Business Administration and Management at Millikin

Northeastern Illinois University ranked #25 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. Located in Chicago, Illinois, this medium-sized public school handed out 30 degrees to qualified masters’s business administration students in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at Northeastern Illinois University are $17,032.

Read full report on General Business Administration and Management at Northeastern Illinois University

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Notes and References

References

  • The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
  • Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
  • Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

Read more about our data sources and methodologies

Footnotes

  • *Average salary, average net price, and average tuition and fees are for the top schools only.
  • Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

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