2022 Best Value Master’s Degree Colleges for Business Administration & Management (Income $30-$48k) in Illinois
Students have lots of options to chooose from today when trying to decide which college to attend. 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.
In 2019-2020, 404,734 business administration and management students received their degree, making the major the 2nd most popular in the country. 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 Illinois, there were 12,211 business administration and management graduates with average earnings and debt of $53,855 and $33,288 respectively. At the master’s degree level specifically, there were 5,610 business administration and management graduates with average earnings and debt of $57,267 and $46,814 respectively.
This year’s “Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k” ranking analyzed 37 colleges that offered a degree in business administration and management. Not only do the schools that top this list have excellent business administration and management programs, but they also cost less that schools of similar quality.
When determining these rankings, we looked at things such as overall quality of the business administration and management program at the school and the cost to attend the school once aid has been awarded. Check out our ranking methodology for more information.
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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”.
We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. Go ahead and give it a try, or bookmark the link so you can check it out 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 Business Administration & Management (Income $30-$48k) in Illinois
Out of the 37 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, Northwestern University landed the #1 spot on the list. Located in Evanston, Illinois, this large private not-for-profit school awarded 325 degrees to qualified masters’s business administration students in 2019-2020.
As a testament to the quality of education offered at Northwestern, the school also landed the #1 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northwestern are $56,567, but you may pay more or less depending on your major.
Read full report on Business Administration & Management at Northwestern University
You’ll join some of the best and brightest minds around if you attend University of Chicago. The school came in at #2 for the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k. This fairly large school is located in Chicago, Illinois, and it awarded 228 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, UChicago has also earned the #3 rank in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at University of Chicago are $61,548, but you may pay more or less depending on your major.
Read more about Business Administration & Management at UChicago
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. University of Illinois at Urbana-Champaign is a large school located in Champaign, Illinois that handed out 695 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, UIUC has also earned the #2 rank in our “Best Business Administration & 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 UIUC are $30,083.
Out of the 37 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. UIC is a public institution located in Chicago, Illinois. The school has a large population, and it awarded 198 masters’s degrees in 2019-2020.
As a testament to the quality of education offered at UIC, the school also landed the #10 spot in our “Best Business Administration & 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 UIC are $27,036.
Read full report on Business Administration & Management at University of Illinois at Chicago
Out of the 37 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. This fairly large school is located in Edwardsville, Illinois, and it awarded 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 more about Business Administration & Management at Southern Illinois University Edwardsville
University of Illinois at Springfield landed the #6 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. University of Illinois at Springfield is a small public school situated in Springfield, Illinois. It awarded 35 masters’s business administration 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.
Northern Illinois 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 #7. 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.
As a testament to the quality of education offered at NIU, the school also landed the #13 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northern Illinois University are $11,086, but some majors have different tuition rates.
Eastern Illinois University ranked #8 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. EIU is located in Charleston, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 36 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 EIU are $20,761.
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. Governors State University is a small public school situated in University Park, Illinois. It awarded 23 masters’s business administration degrees in 2019-2020.
Average graduate tuition and fees at GSU are $14,674, but you may pay more or less depending on your major.
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. This small school is located in Joliet, Illinois, and it awarded 55 masters’s business administration degrees in 2019-2020.
University of Saint Francis not only placed well in this ranking. It is also #21 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at University of St Francis are $13,839, but you may pay more or less depending on your major.
Read more about Business Administration & Management at University of St Francis
Aurora 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 #11. Aurora is a medium-sized school located in Aurora, Illinois that handed out 146 masters’s business administration degrees in 2019-2020.
Aurora also made our “Best Business Administration & Management Master’s Degree Schools in Illinois” list, coming in at #15. Average graduate tuition and fees at Aurora University are $13,200, but you may pay more or less depending on your major.
Illinois State University ranked #12 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k list. Illinois State is a public institution located in Normal, Illinois. The school has a large population, and it awarded 104 masters’s degrees in 2019-2020.
Illinois State not only placed well in this ranking. It is also #9 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Illinois State are $11,069, but you may pay more or less depending on your major.
Read full report on Business Administration & Management at Illinois State
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. WIU is a public institution located in Macomb, Illinois. The school has a medium-sized population, and it awarded 36 masters’s degrees in 2019-2020.
WIU did well in our major quality rankings, too. It placed #23 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at WIU are $11,996, but you may pay more or less depending on your major.
Saint Xavier University landed the #14 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. Saint Xavier University 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.
Average graduate tuition and fees at Saint Xavier University are $15,450, but you may pay more or less depending on your major.
Read more about Business Administration & Management at Saint Xavier University
Southern Illinois University Carbondale 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 #15. SIUC is a fairly large public school situated in Carbondale, Illinois. It awarded 43 masters’s business administration degrees in 2019-2020.
Average graduate tuition and fees at SIUC are $32,928, but you may pay more or less depending on your major.
Read full report on Business Administration & Management at Southern Illinois University Carbondale
Lewis 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 #16. Lewis University is a medium-sized private not-for-profit school situated in Romeoville, Illinois. It awarded 160 masters’s business administration degrees in 2019-2020.
Lewis not only placed well in this ranking. It is also #11 on our “Best Business Administration & 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 Lewis are $14,780.
Elmhurst University came in at #17 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k 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 72 students in 2019-2020.
Elmhurst did well in our major quality rankings, too. It placed #8 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Elmhurst are $32,300, but you may pay more or less depending on your major.
Read more about Business Administration & Management at Elmhurst University
Dominican University came in at #18 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. Dominican U is a small private not-for-profit school situated in River Forest, Illinois. It awarded 38 masters’s business administration degrees in 2019-2020.
Average graduate tuition and fees at Dominican University are $20,884, but you may pay more or less depending on your major.
Read full report on Business Administration & Management at Dominican U
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 private not-for-profit school situated in River Forest, Illinois. It awarded 182 masters’s business administration degrees in 2019-2020.
Concordia University, Chicago also took the #14 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Concordia University, Chicago are $9,378, but you may pay more or less depending on your major.
Read full report on Business Administration & Management at Concordia University, Chicago
Bradley University landed the #20 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. Bradley University is a private not-for-profit institution located in Peoria, Illinois. The school has a medium-sized population, and it awarded 25 masters’s degrees in 2019-2020.
Bradley also took the #6 spot in our “Best Business Administration & 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 Bradley University are $17,040.
Read more about Business Administration & Management at Bradley University
Olivet Nazarene University came in at #21 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. Olivet Nazarene University is located in Bourbonnais, Illinois and, has a small student population. In 2019-2020, this school awarded 70 masters’s business administration degrees to qualified students.
As a testament to the quality of education offered at Olivet Nazarene, the school also landed the #24 spot in our “Best Business Administration & 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 Olivet Nazarene University are $13,393.
Read full report on Business Administration & Management at Olivet Nazarene University
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. Chicago, 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 80 students in 2019-2020.
North Park also made our “Best Business Administration & Management Master’s Degree Schools in Illinois” list, coming in at #22. Although you might pay more or less depending on your area of study, average graduate tuition and fees at North Park are $14,076.
Read more about Business Administration & Management at North Park University
National Louis University landed the #23 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. National Louis University is a medium-sized school located in Chicago, Illinois that handed out 46 masters’s business administration degrees in 2019-2020.
Average graduate tuition and fees at National Louis University are $12,096, but some majors have different tuition rates.
Read full report on Business Administration & Management at National Louis University
Millikin University came in at #24 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $30-$48k ranking. Millikin University is located in Decatur, Illinois and, has a small student population. In 2019-2020, this school awarded 26 masters’s business administration degrees to qualified students.
In addition to being on our illinois master’s degree business administration students whose families make $30-$48k list, Millikin has also earned the #19 rank in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Millikin are $23,733, but you may pay more or less depending on your major.
Read more about Business Administration & Management at Millikin University
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 awarded 30 diplomas 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 more about Business Administration & 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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