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2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid

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 Getting Aid

Students have lots of options to chooose from today when trying to decide which college to attend. College Factual has developed its “Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid” ranking as one item you can use to help make this decision.

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 Getting Aid” ranking, we looked at 36 colleges that offer a degree in general business administration and management. The schools that top this list are recognized because they have great general business administration and management programs and cost less that schools of similar quality.

When determining these rankings, we looked at things such as overall quality of the general business administration and management program at the school and the cost to attend the school once aid has been awarded. For more information, check out our ranking methodology.

More Ways to Rank General Business Administration and Management Schools

When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid” list to help you make the college decision.

To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.

Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid

The following schools top our list of the Best Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid.

Top 25 Best Value Master’s Degree Colleges for General Business Administration and Management in Illinois (With Aid)

#2 in overall quality

You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #1 on our 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. Located in Champaign, Illinois, this large public school awarded 695 diplomas to qualified masters’s business administration students in 2019-2020.

In addition to being on our illinois master’s degree business administration students with aid list, UIUC has also earned the #2 rank in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at UIUC are $30,083, but some majors have different tuition rates.

Read full report on General Business Administration and Management at University of Illinois at Urbana-Champaign

#10 in overall quality

You’ll be in good company if you decide to attend University of Illinois at Chicago. It ranked #2 on our 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. University of Illinois at Chicago is located in Chicago, Illinois and, has a large student population. In 2019-2020, this school awarded 198 masters’s business administration degrees to qualified students.

As a testament to the quality of education offered at UIC, the school also landed the #10 spot in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at UIC are $27,036, but some majors have different tuition rates.

Read more about General Business Administration and Management at University of Illinois at Chicago

#3

Northern Illinois University

Dekalb, Illinois
#13 in overall quality

You’ll be in good company if you decide to attend Northern Illinois University. It ranked #3 on our 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. Located in Dekalb, Illinois, this fairly large public school handed out 146 degrees to qualified masters’s business administration students in 2019-2020.

In addition to being on our illinois master’s degree business administration students with aid list, NIU has also earned the #13 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 NIU are $11,086.

Full NIU General Business Administration and Management Report

#4

Northwestern University

Evanston, Illinois
#1 in overall quality

You’ll be in good company if you decide to attend Northwestern University. It ranked #4 on our 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. This large school is located in Evanston, Illinois, and it awarded 306 masters’s business administration degrees in 2019-2020.

As a testament to the quality of education offered at Northwestern, the school also landed the #1 spot 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 some majors have different tuition rates.

Read more about General Business Administration and Management at Northwestern University

You’ll join some of the best and brightest minds around if you attend University of Illinois at Springfield. The school came in at #5 for the Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid. This small school is located in Springfield, Illinois, and it awarded 35 masters’s business administration degrees in 2019-2020.

Average graduate tuition and fees at UIS are $16,757, but some majors have different tuition rates.

Read full report on General Business Administration and Management at UIS

#6

Governors State University

University Park, Illinois

Governors State University came in at #6 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking. Governors State University is located in University Park, Illinois and, has a small student population. In 2019-2020, this school awarded 23 masters’s business administration degrees to qualified students.

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

Full GSU General Business Administration and Management Report

Southern Illinois University Edwardsville ranked #7 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. SIUE is located in Edwardsville, Illinois and, has a fairly large student population. In 2019-2020, this school awarded 80 masters’s business administration degrees to qualified students.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at Southern Illinois University Edwardsville are $9,300.

Read more about General Business Administration and Management at Southern Illinois University Edwardsville

#8

Judson University

Elgin, Illinois
#18 in overall quality

Judson University ranked #8 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. Judson is a small school located in Elgin, Illinois that handed out 33 masters’s business administration degrees in 2019-2020.

As a testament to the quality of education offered at Judson, the school also landed the #18 spot in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Judson University are $18,900, but some majors have different tuition rates.

Read more about General Business Administration and Management at Judson

#9

Eastern Illinois University

Charleston, Illinois

Eastern Illinois University ranked #9 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. Located in Charleston, Illinois, this medium-sized public school awarded 36 diplomas to qualified masters’s business administration students in 2019-2020.

Average graduate tuition and fees at EIU are $20,761, but you may pay more or less depending on your major.

Read more about General Business Administration and Management at Eastern Illinois University

#10

University of St Francis

Joliet, Illinois
#21 in overall quality

University of St Francis landed the #10 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking. Located in Joliet, Illinois, this small private not-for-profit school awarded 55 degrees to qualified masters’s business administration students in 2019-2020.

University of Saint Francis did well in our major quality rankings, too. It placed #21 on our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at University of St Francis are $13,839, but some majors have different tuition rates.

Read more about General Business Administration and Management at University of Saint Francis

#11

Aurora University

Aurora, Illinois
#15 in overall quality

Aurora University landed the #11 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking. Aurora is a private not-for-profit institution located in Aurora, Illinois. The school has a medium-sized population, and it awarded 146 masters’s degrees in 2019-2020.

Aurora also made our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list, coming in at #15. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Aurora University are $13,200.

Read more about General Business Administration and Management at Aurora University

#12

Western Illinois University

Macomb, Illinois
#23 in overall quality

With a ranking of #12, Western Illinois University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. WIU is a medium-sized school located in Macomb, Illinois that handed out 36 masters’s business administration degrees in 2019-2020.

WIU also took 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 some majors have different tuition rates.

Full Western Illinois University General Business Administration and Management Report

#13

Saint Xavier University

Chicago, Illinois

Saint Xavier University ranked #13 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. SXU is located in Chicago, Illinois and, has a small student population. In 2019-2020, this school awarded 18 masters’s business administration degrees to qualified students.

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 #14, Southern Illinois University Carbondale did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. Located in Carbondale, Illinois, this fairly large public school awarded 43 degrees to qualified masters’s business administration students in 2019-2020.

Average graduate tuition and fees at SIUC are $32,928, but you may pay more or less depending on your major.

Full Southern Illinois University Carbondale General Business Administration and Management Report

#15

Illinois State University

Normal, Illinois
#9 in overall quality

Illinois State University landed the #15 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking. Illinois State University is located in Normal, Illinois and, has a large student population. In 2019-2020, this school awarded 104 masters’s business administration degrees to qualified students.

Illinois State did well in our major quality rankings, too. It placed #9 on our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Illinois State University are $11,069, but you may pay more or less depending on your major.

Read more about General Business Administration and Management at Illinois State

#16

National Louis University

Chicago, Illinois

National Louis University landed the #16 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking. National Louis University is located in Chicago, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 46 masters’s business administration degrees to qualified students.

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

Full National Louis University General Business Administration and Management Report

#17

Lewis University

Romeoville, Illinois
#11 in overall quality

Lewis University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking, coming in at #17. Lewis University is a private not-for-profit institution located in Romeoville, Illinois. The school has a medium-sized population, and it awarded 100 masters’s 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 are $14,780, but you may pay more or less depending on your major.

Read more about General Business Administration and Management at Lewis University

#18

University of Chicago

Chicago, Illinois
#3 in overall quality

University of Chicago did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking, coming in at #18. UChicago is located in Chicago, Illinois and, has a fairly large student population. In 2019-2020, this school awarded 228 masters’s business administration degrees to qualified students.

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. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UChicago are $61,548.

Full University of Chicago General Business Administration and Management Report

#19

Concordia University, Chicago

River Forest, Illinois
#14 in overall quality

With a ranking of #19, Concordia University, Chicago did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. River Forest, Illinois is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out masters’s business administration degrees to 154 students in 2019-2020.

Concordia University, Chicago not only placed well in this ranking. It is also #14 on our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Concordia University, Chicago are $9,378, but some majors have different tuition rates.

Full Concordia University, Chicago General Business Administration and Management Report

#20

Dominican University

River Forest, Illinois

Dominican University ranked #20 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. Dominican University is a small school located in River Forest, Illinois that handed out 38 masters’s business administration degrees 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 full report on General Business Administration and Management at Dominican University

Northeastern Illinois University landed the #21 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking. Northeastern Illinois University is located in Chicago, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 30 masters’s business administration degrees to qualified students.

Average graduate tuition and fees at Northeastern Illinois University are $17,032, but some majors have different tuition rates.

Full Northeastern Illinois University General Business Administration and Management Report

#22

Quincy University

Quincy, Illinois

With a ranking of #22, Quincy University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. Located in Quincy, Illinois, this small private not-for-profit school awarded 14 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 Quincy U are $12,000.

Read more about General Business Administration and Management at Quincy University

#23

North Park University

Chicago, Illinois
#22 in overall quality

North Park University ranked #23 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. North Park University is a private not-for-profit institution located in Chicago, Illinois. The school has a small population, and it awarded 51 masters’s degrees in 2019-2020.

North Park also made our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list, coming in at #22. Average graduate tuition and fees at North Park University are $14,076, but you may pay more or less depending on your major.

Read full report on General Business Administration and Management at North Park

#24

Elmhurst University

Elmhurst, Illinois
#8 in overall quality

Elmhurst University landed the #24 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking. Elmhurst, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out masters’s business administration degrees to 68 students in 2019-2020.

Elmhurst also made our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list, coming in at #8. Average graduate tuition and fees at Elmhurst University are $32,300, but some majors have different tuition rates.

Read more about General Business Administration and Management at Elmhurst

#25

Millikin University

Decatur, Illinois
#19 in overall quality

Millikin University landed the #25 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking. Millikin University is a small private not-for-profit school situated in Decatur, Illinois. It awarded 26 masters’s business administration degrees in 2019-2020.

Millikin not only placed well in this ranking. It is also #19 on our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Millikin University are $23,733, but some majors have different tuition rates.

Full Millikin University General Business Administration and Management Report

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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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