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2024 Best Business Administration & Management Master's Degree Schools in Illinois

38 Colleges in Illinois
6,404 Master's Degrees
$71,215 Avg Early-Career Salary
Ranked #1 in popularity, business administration & management is one of the most sought-after master's degree programs in the nation. This means there are lots of options to choose from when you decide to get your degree.

College Factual looked at 38 colleges and universities when compiling its 2024 Best Business Administration & Management Master's Degree Schools in Illinois ranking. Combined, these schools handed out 6,404 master's degrees in business administration & management to qualified students.

Jump to one of the following sections: * Our Methodology

Choosing a Great Business Administration & Management School for Your Master's Degree

Best Business Administration & Management Master's Degree Schools in Illinois Your choice of business administration & management for getting your master's degree school matters. This section explores some of the factors we include in our ranking and how much they vary depending on the school you select. To make it into this list, a school must excel in the following areas.

A Great Overall School

A school that excels in educating for a particular major and degree level must be a great school overall as well. To make it into this list a school must rank well in our overall Best Colleges for a Master's Degree ranking. This ranking considered factors such as graduation rates, overall graduate earnings and other educational resources to identify great colleges and universities.

Early-Career Earnings

One measure we use to determine the quality of a school is to look at the average salary of master's graduates during the early years of their career. That is, everyone wants their master's degree to be worth something, and salaries are one measure of determining that.

Other Factors We Consider

In addition to the above, you should consider some of the following factors:

Our full ranking methodology documents in more detail how we consider these factors to identify the best colleges for business administration & management students working on their master's degree.

More Ways to Rank Business Administration & Management Schools

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More Business Administration Rankings Other Ranking Categories

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 the Best Business Administration & Management Master's Degree Schools in Illinois.


 

Best Schools for Master’s Students to Study Business Administration & Management in Illinois

The following list ranks the best colleges and universities for pursuing a master's degree in business administration & management.

10 Top Illinois Schools for a Master's in Business Administration

1

Northwestern University is one of the finest schools in the country for getting a master's degree in business administration & management. Northwestern is a fairly large private not-for-profit university located in the small city of Evanston.

Those business administration & management students who get their master's degree from Northwestern University make $49,494 more than the typical business administration graduate.

More information about a master’s in business administration & management from Northwestern University

2
1,079 Annual Graduates
$96,177 Median Starting Salary

University of Illinois at Urbana-Champaign is one of the finest schools in the country for getting a master's degree in business administration & management. Located in the city of Champaign, UIUC is a public university with a fairly large student population.

Master's recipients from the business administration & management major at University of Illinois at Urbana-Champaign get $24,962 above the standard graduate in this field shortly after graduation.

More information about a master’s in business administration & management from University of Illinois at Urbana-Champaign

3

It is difficult to beat University of Chicago if you wish to pursue a master's degree in business administration & management. Located in the large city of Chicago, UChicago is a private not-for-profit university with a large student population.

Those business administration & management students who get their master's degree from University of Chicago make $88,462 more than the average business administration graduate.

More information about a master’s in business administration & management from University of Chicago

4
DePaul crest
DePaul University
Chicago, IL

DePaul University is one of the finest schools in the country for getting a master's degree in business administration & management. Located in the large city of Chicago, DePaul is a private not-for-profit university with a fairly large student population.

Business Administration & Management master's degree recipients from DePaul University receive an earnings boost of about $24,694 over the typical income of business administration & management graduates.

More information about a master’s in business administration & management from DePaul University

5

Located in the large city of Chicago, Loyola Chicago is a private not-for-profit university with a large student population.

Master's recipients from the business administration & management major at Loyola University Chicago get $7,621 above the typical college graduate with the same degree when they enter the workforce.

More information about a master’s in business administration & management from Loyola University Chicago

6
Elmhurst crest
Elmhurst University
Elmhurst, IL

Elmhurst is a small private not-for-profit university located in the suburb of Elmhurst.

Master's graduates who receive their degree from the business administration program make about $69,792 for their early career.

More information about a master’s in business administration & management from Elmhurst University

7

Located in the city of Peoria, Bradley is a private not-for-profit university with a medium-sized student population.

Business Administration & Management master's degree recipients from Bradley University get an earnings boost of approximately $7,039 over the typical income of business administration & management majors.

More information about a master’s in business administration & management from Bradley University

8

NIU is a fairly large public university located in the suburb of Dekalb.

Those business administration & management students who get their master's degree from Northern Illinois University earn $19,946 more than the typical business administration student.

More information about a master’s in business administration & management from Northern Illinois University

9

Located in the large suburb of Lisle, Benedictine U is a private not-for-profit university with a small student population.

Master's students who receive their degree from the business administration program make an average of $70,780 in the first couple years of working.

More information about a master’s in business administration & management from Benedictine University

10

UIC is a fairly large public university located in the large city of Chicago.

Master's recipients from the business administration & management degree program at University of Illinois at Chicago make $8,056 more than the standard graduate in this field when they enter the workforce.

More information about a master’s in business administration & management from University of Illinois at Chicago


 

Best Business Administration & Management Colleges in the Great Lakes Region

Explore all the Best Business Administration & Management Schools in the Great Lakes Area or other specific states within that region.

State Colleges Degrees Awarded
Michigan 211 3,723
Ohio 207 3,539
Indiana 191 2,542
Wisconsin 173 1,506

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Business Administration & Management is one of 21 different types of Business, Management & Marketing programs to choose from.

Business Administration Focus Areas

Major Annual Graduates
General Business Administration and Management 5,858
Organizational Leadership 244
Non-Profit/Public/Organizational Management 160
Interior Design Management 98
Project Management 21
Research and Development Management 18
Operations Management 5

Majors Similar to Business Administration

Related Major Annual Graduates
Management Sciences & Quantitative Methods 3,782
Accounting 696
Human Resource Management 622
Marketing 404
Management Information Systems 153
General Business/Commerce 125
Finance & Financial Management 111
Taxation 65
Other Business, Management & Marketing 28
Real Estate 22

Notes and References

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