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2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k

37 Ranked Colleges
5,610 Degrees Awarded
$20,700 Avg Grad Tuition & Fees*
Best Value Business Administration Schools for a Master's in Illinois For Those Making $75-$110k

When pursuing a degree in today’s world, students have many different options to choose from. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k” ranking is part of that endeavor.

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 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.

For this year’s “Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k” ranking, we looked at 37 colleges that offer 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.

To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the business administration and management program at the school. Check out our ranking methodology for more information.

More Ways to Rank Business Administration & 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 Making $75-$110k” 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. When you have some time, check it out - you may want to bookmark the link so you don’t forget it.

Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k

The following schools top our list of the Best Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k.

Top 25 Best Value Master’s Degree Colleges for Business Administration & Management (Income $75-$110k) in Illinois

#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 Illinois For Those Making $75-$110k list. Northwestern is located in Evanston, Illinois and, has a large student population. In 2019-2020, this school awarded 325 masters’s business administration degrees to qualified students.

In addition to being on our illinois master’s degree business administration students whose families make $75-$110k list, Northwestern has also earned the #1 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 Northwestern University are $56,567.

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 Illinois For Those Making $75-$110k list. UChicago is a fairly large school located in Chicago, Illinois that handed out 228 masters’s business administration degrees in 2019-2020.

UChicago also took the #3 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” 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 UChicago

You’ll join some of the best and brightest minds around if you attend University of Illinois at Urbana-Champaign. The school came in at #3 for the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k. Located in Champaign, Illinois, this large public school handed out 695 degrees to qualified masters’s business administration students in 2019-2020.

As a testament to the quality of education offered at UIUC, the school also landed the #2 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at University of Illinois at Urbana-Champaign are $30,083, but you may pay more or less depending on your major.

Full University of Illinois at Urbana-Champaign Business Administration & Management Report

#4

Northern Illinois University

Dekalb, Illinois

Out of the 37 schools in the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k that were part of this year’s ranking, Northern Illinois University landed the #4 spot on the list. Northern Illinois University 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 you may pay more or less depending on your major.

Read full report on Business Administration & Management at NIU

You’ll be in good company if you decide to attend University of Illinois at Springfield. It ranked #5 on our 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k list. UIS 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 you may pay more or less depending on your major.

Read more about Business Administration & Management at University of Illinois at Springfield

With a ranking of #6, University of Illinois at Chicago did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k list. Located in Chicago, Illinois, this large public school awarded 198 diplomas to qualified masters’s business administration students 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 more about Business Administration & Management at UIC

#7

Governors State University

University Park, Illinois

With a ranking of #7, Governors State University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k list. This small school is located in University Park, Illinois, and 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.

Full GSU Business Administration & Management Report

Southern Illinois University Edwardsville 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 $75-$110k ranking. This fairly large school is located in Edwardsville, Illinois, and it awarded 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.

Read full report on Business Administration & Management at SIUE

#9

Aurora University

Aurora, Illinois

Aurora University landed the #9 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k ranking. This medium-sized school is located in Aurora, Illinois, and it awarded 146 masters’s business administration degrees in 2019-2020.

Aurora also took the #15 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Aurora University are $13,200, but you may pay more or less depending on your major.

Read more about Business Administration & Management at Aurora

#10

Judson University

Elgin, Illinois

Judson University ranked #10 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k list. Elgin, 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 44 students in 2019-2020.

Judson did well in our major quality rankings, too. It placed #18 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Judson University are $18,900, but some majors have different tuition rates.

Read full report on Business Administration & Management at Judson

#11

Eastern Illinois University

Charleston, Illinois

Eastern Illinois University came in at #11 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k 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.

Full Eastern Illinois University Business Administration & Management Report

#12

University of St Francis

Joliet, Illinois

University of St Francis ranked #12 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k list. University of Saint Francis is located in Joliet, Illinois and, has a small student population. In 2019-2020, this school awarded 55 masters’s business administration degrees to qualified students.

University of Saint Francis also took the #21 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at University of St Francis are $13,839, but some majors have different tuition rates.

Full University of Saint Francis Business Administration & Management Report

#13

Concordia University, Chicago

River Forest, Illinois

Concordia University, Chicago came in at #13 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k ranking. Located in River Forest, Illinois, this medium-sized private not-for-profit school handed out 182 diplomas to qualified masters’s business administration students in 2019-2020.

Concordia University, Chicago also took the #14 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 Concordia University, Chicago are $9,378.

Read more about Business Administration & Management at Concordia University, Chicago

#14

Saint Xavier University

Chicago, Illinois

With a ranking of #14, Saint Xavier University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k list. SXU is a small private not-for-profit school situated in Chicago, Illinois. It awarded 18 masters’s business administration degrees in 2019-2020.

Average graduate tuition and fees at SXU are $15,450, but you may pay more or less depending on your major.

Full SXU Business Administration & Management Report

#15

Western Illinois University

Macomb, Illinois

Western Illinois University came in at #15 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k ranking. 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 also made our “Best Business Administration & Management Master’s Degree Schools in Illinois” list, coming in at #23. Average graduate tuition and fees at Western Illinois University are $11,996, but you may pay more or less depending on your major.

Full Western Illinois University Business Administration & Management Report

Southern Illinois University Carbondale ranked #16 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k list. This fairly large school is located in Carbondale, Illinois, and it awarded 43 masters’s business administration degrees in 2019-2020.

Average graduate tuition and fees at Southern Illinois University Carbondale are $32,928, but some majors have different tuition rates.

Read full report on Business Administration & Management at SIUC

#17

National Louis University

Chicago, Illinois

National Louis 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 $75-$110k ranking. Chicago, 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 46 students 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 more about Business Administration & Management at NLU

#18

Millikin University

Decatur, Illinois

Millikin 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 $75-$110k ranking. Millikin University is a small school located in Decatur, Illinois that handed out 26 masters’s business administration degrees in 2019-2020.

Millikin did well in our major quality rankings, too. It placed #19 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 Millikin are $23,733.

Read full report on Business Administration & Management at Millikin University

#19

Lewis University

Romeoville, Illinois

Lewis University came in at #19 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k ranking. Lewis University is a private not-for-profit institution located in Romeoville, Illinois. The school has a medium-sized population, and it awarded 160 masters’s 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. Average graduate tuition and fees at Lewis University are $14,780, but some majors have different tuition rates.

Full Lewis University Business Administration & Management Report

#20

Quincy University

Quincy, Illinois

Quincy University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k ranking, coming in at #20. Located in Quincy, Illinois, this small private not-for-profit school awarded 14 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 Quincy University are $12,000.

Read more about Business Administration & Management at Quincy University

#21

Dominican University

River Forest, Illinois

Dominican University ranked #21 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k list. Dominican U is a small school located in River Forest, Illinois that handed out 38 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 Dominican University are $20,884.

Read full report on Business Administration & Management at Dominican University

Illinois Institute of Technology did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k ranking, coming in at #22. Chicago, 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 19 students in 2019-2020.

Illinois Tech not only placed well in this ranking. It is also #17 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Illinois Tech are $30,695, but some majors have different tuition rates.

Full Illinois Institute of Technology Business Administration & Management Report

#23

McKendree University

Lebanon, Illinois

McKendree University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k ranking, coming in at #23. McKendree University is located in Lebanon, Illinois and, has a small student population. In 2019-2020, this school awarded 61 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 McKendree are $9,324.

Full McKendree University Business Administration & Management Report

#23

North Park University

Chicago, Illinois

North Park University landed the #23 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k ranking. North Park University is located in Chicago, Illinois and, has a small student population. In 2019-2020, this school awarded 80 masters’s business administration degrees to qualified students.

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

Read more about Business Administration & Management at North Park University

#25

Illinois State University

Normal, Illinois

Illinois State University landed the #25 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $75-$110k 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 also took the #9 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Illinois State are $11,069, but some majors have different tuition rates.

Read more about Business Administration & Management at Illinois State 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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