2022 Best Value Master’s Degree Colleges for Business Administration & Management in Illinois (With Aid)
With all of the options students have for higher education today, it can be tough to choose which direction to take. 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 Illinois For Those Getting Aid” ranking.
With 404,734 degrees handed out in 2019-2020, business administration and management is the 2nd most popular major in the United States. 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 Getting Aid” ranking looked at 37 colleges that offer degrees in a bachelor’s 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.
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.
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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 Business Administration & Management in Illinois (With Aid)
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. University of Illinois at Urbana-Champaign is located in Champaign, Illinois and, has a large student population. In 2019-2020, this school awarded 695 masters’s business administration degrees to qualified students.
UIUC also made our “Best Business Administration & Management Master’s Degree Schools in Illinois” list, coming in at #2. Average graduate tuition and fees at University of Illinois at Urbana-Champaign are $30,083, but some majors have different tuition rates.
You’ll join some of the best and brightest minds around if you attend University of Illinois at Chicago. The school came in at #2 for the Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid. University of Illinois at Chicago is a large school located in Chicago, Illinois that handed out 198 masters’s business administration degrees in 2019-2020.
UIC not only placed well in this ranking. It is also #10 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at University of Illinois at Chicago are $27,036, but some majors have different tuition rates.
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. Northern Illinois University is a fairly large public school situated in Dekalb, Illinois. It awarded 146 masters’s business administration degrees in 2019-2020.
NIU not only placed well in this ranking. It is also #13 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 NIU are $11,086.
Out of the 37 schools in the Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid that were part of this year’s ranking, Northwestern University landed the #4 spot on the list. This large school is located in Evanston, Illinois, and it awarded 325 masters’s business administration degrees in 2019-2020.
Northwestern also made our “Best Business Administration & Management Master’s Degree Schools in Illinois” list, coming in at #1. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Northwestern University are $56,567.
Read more about Business Administration & Management at Northwestern
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 Getting Aid list. 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 University of Illinois at Springfield are $16,757, but some majors have different tuition rates.
Read full report on Business Administration & Management at University of Illinois at Springfield
Governors State University landed the #6 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid 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.
Although you might pay more or less depending on your area of study, average graduate tuition and fees at GSU are $14,674.
Read more about Business Administration & Management at Governors State University
Southern Illinois University Edwardsville 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 #7. 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 Southern Illinois University Edwardsville are $9,300.
Full Southern Illinois University Edwardsville Business Administration & Management Report
Judson University landed the #8 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking. Located in Elgin, Illinois, this small private not-for-profit school awarded 44 diplomas to qualified masters’s business administration 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 more about Business Administration & Management at Judson University
With a ranking of #9, Eastern Illinois University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. This medium-sized school is located in Charleston, Illinois, and it awarded 36 masters’s business administration degrees in 2019-2020.
Average graduate tuition and fees at EIU are $20,761, but some majors have different tuition rates.
Full Eastern Illinois University Business Administration & Management Report
University of St Francis came in at #10 in this year’s edition of the 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 handed out 55 degrees to qualified masters’s business administration students in 2019-2020.
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 Saint Francis are $13,839, but some majors have different tuition rates.
Read more about Business Administration & Management at University of Saint Francis
Aurora 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 #11. Aurora University is located in Aurora, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 146 masters’s business administration degrees to qualified students.
Aurora not only placed well in this ranking. It is also #15 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Aurora are $13,200, but you may pay more or less depending on your major.
Full Aurora University Business Administration & Management Report
Western Illinois University ranked #12 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. Macomb, Illinois is the setting for this medium-sized institution of higher learning. The public school handed out masters’s business administration degrees to 36 students 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 some majors have different tuition rates.
Read full report on Business Administration & Management at Western Illinois University
Saint Xavier University landed the #13 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking. This small school is located in Chicago, Illinois, and it awarded 18 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 Saint Xavier University are $15,450.
Read full report on Business Administration & Management at SXU
Southern Illinois University Carbondale came in at #14 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid ranking. Located in Carbondale, Illinois, this fairly large public school handed out 43 diplomas to qualified masters’s business administration students in 2019-2020.
Average graduate tuition and fees at SIUC are $32,928, but some majors have different tuition rates.
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. This large school is located in Normal, Illinois, and it awarded 104 masters’s business administration degrees in 2019-2020.
As a testament to the quality of education offered at Illinois State, the school also landed the #9 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 Illinois State University are $11,069.
Read more about Business Administration & Management at Illinois State University
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. NLU 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.
Average graduate tuition and fees at NLU are $12,096, but you may pay more or less depending on your major.
Full National Louis University Business Administration & Management Report
With a ranking of #17, Lewis 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 Romeoville, Illinois, this medium-sized private not-for-profit school handed out 160 diplomas to qualified masters’s business administration students in 2019-2020.
Lewis did well in our major quality rankings, too. It placed #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 you may pay more or less depending on your major.
Read full report on Business Administration & Management at Lewis
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. 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.
UChicago did well in our major quality rankings, too. It placed #3 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 UChicago are $61,548.
Full University of Chicago Business Administration & Management Report
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. Concordia University, Chicago is a medium-sized school located in River Forest, Illinois that handed out 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 some majors have different tuition rates.
Read more about Business Administration & Management at Concordia University, Chicago
Dominican University ranked #20 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Getting Aid list. River Forest, 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 38 students in 2019-2020.
Average graduate tuition and fees at Dominican U are $20,884, but some majors have different tuition rates.
Full Dominican U Business Administration & Management Report
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. This medium-sized school is located in Chicago, Illinois, and it awarded 30 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 Northeastern Illinois University are $17,032.
Full Northeastern Illinois University Business Administration & Management Report
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. Quincy U is a private not-for-profit institution located in Quincy, Illinois. The school has a small population, and it awarded 14 masters’s degrees in 2019-2020.
Average graduate tuition and fees at Quincy University are $12,000, but some majors have different tuition rates.
Read full report on Business Administration & Management at Quincy U
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 is a small school located in Chicago, Illinois that handed out 80 masters’s business administration degrees in 2019-2020.
North Park also took the #22 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at North Park University are $14,076, but you may pay more or less depending on your major.
Read more about Business Administration & Management at North Park University
Elmhurst 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 Getting Aid ranking. Elmhurst University is a small private not-for-profit school situated in Elmhurst, Illinois. It awarded 72 masters’s business administration degrees in 2019-2020.
Elmhurst not only placed well in this ranking. It is also #8 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 Elmhurst University are $32,300.
Read full report on Business Administration & Management at Elmhurst University
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. This small school is located in Decatur, Illinois, and it awarded 26 masters’s business administration degrees in 2019-2020.
Millikin also made our “Best Business Administration & Management Master’s Degree Schools in Illinois” list, coming in at #19. Average graduate tuition and fees at Millikin University are $23,733, but you may pay more or less depending on your major.
Read more about Business Administration & Management at Millikin
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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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