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2022 Best Value Master’s Degree Colleges for Business Administration & Management (Income $0-$30k) in the Great Lakes Region

151 Ranked Colleges
16,628 Degrees Awarded
$26,900 Avg Grad Tuition & Fees*
Best Value Business Administration Schools for a Master's in the Great Lakes Region For Those Making $0-$30k

When it comes to choosing a college, students have a lot of options - but not all of them are good. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k” ranking.

Business Administration & Management is one of the most popular majors in the nation, ranking 2nd of all the majors we analyze. In 2019-2020, 404,734 degrees were awarded to students with this major. In 2017-2018, business administration and management graduates who were awarded their degree in 2015-2017, earned an average of $46,740 and had an average of $29,113 in loans still to pay off.

Across the Great Lakes region, there were 49,739 business administration and management graduates with average earnings and debt of $48,112 and $29,067 respectively. At the master’s degree level specifically, there were 16,628 business administration and management graduates with average earnings and debt of $57,039 and $42,488 respectively.

This year’s “Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k” ranking analyzed 151 colleges that offered a degree in business administration and management. The schools that top this list are recognized because they have great business administration and management programs and cost less that schools of similar quality.

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

One Size Does Not Fit All

Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k” ranking, along with many other major-related rankings, to help you make that decision.

You can create your own custom comparison that focuses on the factors most important to you using our tool, College Combat. 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 the Great Lakes Region For Those Making $0-$30k

The following schools top our list of the Best Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k.

Top 25 Best Value Master’s Degree Colleges for Business Administration & Management (Income $0-$30k) in the Great Lakes Region

#1

Northwestern University

Evanston, Illinois

You’ll be in good company if you decide to attend Northwestern University. It ranked #1 on our 2022 Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. Northwestern University is a private not-for-profit institution located in Evanston, Illinois. The school has a large population, and it awarded 325 masters’s degrees in 2019-2020.

In addition to being on our great lakes region master’s degree business administration students whose families make $0-$30k list, Northwestern has also earned the #1 rank in our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Northwestern University are $56,567, but you may pay more or less depending on your major.

Full Northwestern Business Administration & Management Report

#2

University of Chicago

Chicago, Illinois

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 the Great Lakes Region For Those Making $0-$30k list. Chicago, Illinois is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out masters’s business administration degrees to 228 students in 2019-2020.

In addition to being on our great lakes region master’s degree business administration students whose families make $0-$30k list, UChicago has also earned the #5 rank in our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at UChicago are $61,548, but you may pay more or less depending on your major.

Read more about Business Administration & Management at University of Chicago

You’ll join some of the best and brightest minds around if you attend University of Michigan - Ann Arbor. The school came in at #3 for the Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k. University of Michigan - Ann Arbor is a large public school situated in Ann Arbor, Michigan. It awarded 837 masters’s business administration degrees in 2019-2020.

U-M not only placed well in this ranking. It is also #2 on our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at U-M are $49,548, but you may pay more or less depending on your major.

Read more about Business Administration & Management at U-M

You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #4 on our 2022 Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. Located in Champaign, Illinois, this large public school handed out 695 degrees to qualified masters’s business administration students in 2019-2020.

UIUC did well in our major quality rankings, too. It placed #4 on our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at University of Illinois at Urbana-Champaign are $30,083, but some majors have different tuition rates.

Read full report on Business Administration & Management at UIUC

#5

University of Notre Dame

Notre Dame, Indiana
#3 in overall quality

You’ll join some of the best and brightest minds around if you attend University of Notre Dame. The school came in at #5 for the Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k. Notre Dame is a fairly large school located in Notre Dame, Indiana that handed out 286 masters’s business administration degrees in 2019-2020.

In addition to being on our great lakes region master’s degree business administration students whose families make $0-$30k list, Notre Dame has also earned the #3 rank in our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at University of Notre Dame are $57,522, but you may pay more or less depending on your major.

Read full report on Business Administration & Management at University of Notre Dame

With a ranking of #6, University of Wisconsin - Madison did quite well on the 2022 Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. Located in Madison, Wisconsin, this large public school awarded 3 degrees to qualified masters’s business administration students in 2019-2020.

As a testament to the quality of education offered at UW - Madison, the school also landed the #0 spot in our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at University of Wisconsin - Madison are $25,523, but some majors have different tuition rates.

Full UW - Madison Business Administration & Management Report

#7

Michigan State University

East Lansing, Michigan

Michigan State University came in at #7 in this year’s edition of the Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. This large school is located in East Lansing, Michigan, and it awarded 346 masters’s business administration degrees in 2019-2020.

Michigan State also made our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” list, coming in at #6. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Michigan State are $37,056.

Full Michigan State Business Administration & Management Report

#8

Purdue University - Main Campus

West Lafayette, Indiana

Purdue University - Main Campus came in at #8 in this year’s edition of the Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. Purdue University - Main Campus is a public institution located in West Lafayette, Indiana. The school has a large population, and it awarded 152 masters’s degrees in 2019-2020.

Purdue did well in our major quality rankings, too. It placed #8 on our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Purdue University - Main Campus are $28,794, but you may pay more or less depending on your major.

Full Purdue Business Administration & Management Report

Ohio State University - Main Campus ranked #9 on this year’s Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. Ohio State University - Main Campus is located in Columbus, Ohio and, has a large student population. In 2019-2020, this school awarded 298 masters’s business administration degrees to qualified students.

As a testament to the quality of education offered at Ohio State, the school also landed the #7 spot in our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Ohio State University - Main Campus are $37,141, but some majors have different tuition rates.

Read full report on Business Administration & Management at Ohio State University - Main Campus

Michigan Technological University ranked #10 on this year’s Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. Michigan Technological University is located in Houghton, Michigan and, has a medium-sized student population. In 2019-2020, this school awarded 24 masters’s business administration degrees to qualified students.

Average graduate tuition and fees at Michigan Technological University are $21,996, but you may pay more or less depending on your major.

Read more about Business Administration & Management at Michigan Technological University

#11

Franklin University

Columbus, Ohio

Franklin University ranked #11 on this year’s Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. Located in Columbus, Ohio, this medium-sized private not-for-profit school handed out 330 degrees to qualified masters’s business administration students in 2019-2020.

Average graduate tuition and fees at Franklin University are $16,080, but you may pay more or less depending on your major.

Read full report on Business Administration & Management at Franklin University

#12

University of Wisconsin - La Crosse

La Crosse, Wisconsin

University of Wisconsin - La Crosse came in at #12 in this year’s edition of the Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. This fairly large school is located in La Crosse, Wisconsin, and it awarded 1 masters’s business administration degrees in 2019-2020.

UW - La Crosse not only placed well in this ranking. It is also #0 on our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Wisconsin - La Crosse are $20,038.

Full UW - La Crosse Business Administration & Management Report

#13

University of Wisconsin - Platteville

Platteville, Wisconsin

University of Wisconsin - Platteville landed the #13 spot on the 2022 Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. UW - Platteville is a medium-sized public school situated in Platteville, Wisconsin. It awarded 128 masters’s business administration degrees in 2019-2020.

As a testament to the quality of education it offers, UW - Platteville is also in the top of our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” ranking. It’s ranked in the top 20% of all schools on our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at University of Wisconsin - Platteville are $18,226, but some majors have different tuition rates.

Read more about Business Administration & Management at University of Wisconsin - Platteville

#14

University of Wisconsin - River Falls

River Falls, Wisconsin

University of Wisconsin - River Falls came in at #14 in this year’s edition of the Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. River Falls, Wisconsin is the setting for this medium-sized institution of higher learning. The public school handed out masters’s business administration degrees to 32 students in 2019-2020.

Average graduate tuition and fees at University of Wisconsin - River Falls are $18,233, but you may pay more or less depending on your major.

Read full report on Business Administration & Management at UW - River Falls

#15

Purdue University Northwest

Hammond, Indiana

Purdue University Northwest came in at #15 in this year’s edition of the Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. Purdue Northwest is located in Hammond, Indiana and, has a medium-sized student population. In 2019-2020, this school awarded 69 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 Purdue University Northwest are $11,633.

Full Purdue Northwest Business Administration & Management Report

University of Wisconsin - Parkside did quite well in the 2022 Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking, coming in at #16. University of Wisconsin - Parkside is a public institution located in Kenosha, Wisconsin. The school has a small population, and it awarded 95 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 UW - Parkside are $18,768.

Read full report on Business Administration & Management at UW - Parkside

#17

University of Wisconsin - Eau Claire

Eau Claire, Wisconsin

University of Wisconsin - Eau Claire ranked #17 on this year’s Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. UW - Eau Claire is located in Eau Claire, Wisconsin and, has a fairly large student population. In 2019-2020, this school awarded 75 masters’s business administration degrees to qualified students.

On top of its placing in this ranking, UW - Eau Claire also did well on our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” list. It’s in the top 20% of all schools reviewed in that analysis. Average graduate tuition and fees at University of Wisconsin - Eau Claire are $19,430, but you may pay more or less depending on your major.

Full UW - Eau Claire Business Administration & Management Report

#18

University of Southern Indiana

Evansville, Indiana

University of Southern Indiana landed the #18 spot on the 2022 Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. Located in Evansville, Indiana, this fairly large public school awarded 405 degrees to qualified masters’s business administration students in 2019-2020.

Average graduate tuition and fees at USI are $20,039, but you may pay more or less depending on your major.

Full USI Business Administration & Management Report

#19

Ferris State University

Big Rapids, Michigan

Ferris State University ranked #19 on this year’s Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. Ferris is a fairly large public school situated in Big Rapids, Michigan. 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 Ferris are $7,908.

Full Ferris Business Administration & Management Report

#20

University of Wisconsin - Green Bay

Green Bay, Wisconsin

With a ranking of #20, University of Wisconsin - Green Bay did quite well on the 2022 Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. University of Wisconsin - Green Bay is a medium-sized public school situated in Green Bay, Wisconsin. It awarded 14 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 University of Wisconsin - Green Bay are $19,126.

Read more about Business Administration & Management at UW - Green Bay

#21

Oakland University

Rochester Hills, Michigan

Oakland University came in at #21 in this year’s edition of the Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. This fairly large school is located in Rochester Hills, Michigan, and it awarded 106 masters’s business administration degrees in 2019-2020.

As a testament to the quality of education it offers, Oakland is also in the top of our “Best Business Administration & Management Master’s Degree Schools in the Great Lakes Region” ranking. It’s in the top 20% of all schools in this category. Average graduate tuition and fees at Oakland University are $24,648, but you may pay more or less depending on your major.

Full Oakland Business Administration & Management Report

University of Illinois at Chicago came in at #22 in this year’s edition of the Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. 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.

Average graduate tuition and fees at UIC are $27,036, but you may pay more or less depending on your major.

Read full report on Business Administration & Management at University of Illinois at Chicago

Southern Illinois University Edwardsville ranked #23 on this year’s Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. SIUE is a fairly large school located in Edwardsville, Illinois that handed out 80 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 SIUE are $9,300.

Read full report on Business Administration & Management at Southern Illinois University Edwardsville

University of Wisconsin - Oshkosh landed the #24 spot on the 2022 Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. Located in Oshkosh, Wisconsin, this fairly large public school handed out 79 degrees to qualified masters’s business administration students in 2019-2020.

Average graduate tuition and fees at UW Oshkosh are $18,744, but some majors have different tuition rates.

Read more about Business Administration & Management at University of Wisconsin - Oshkosh

#25

Northern Illinois University

Dekalb, Illinois

Northern Illinois University came in at #25 in this year’s edition of the Best Value Business Administration Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. NIU is a public institution located in Dekalb, Illinois. The school has a fairly large population, and it awarded 146 masters’s degrees in 2019-2020.

Average graduate tuition and fees at Northern Illinois University are $11,086, but you may pay more or less depending on your major.

Read more about Business Administration & Management at NIU

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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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