2022 Best Value Bachelor’s Degree Colleges for Business Economics (Income $48-$75k) in the Great Lakes Region
When it comes to choosing a college, students have a lot of options - but not all of them are good. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k” ranking - to help you make that decision.
Business Economics is the 121st most popular major in the country with 6,169 degrees awarded in 2019-2020.
Across the Great Lakes region, there were 687 business economics graduates with average earnings and debt of $0 and $0 respectively. At the bachelor’s degree level specifically, there were 633 business economics graduates with average earnings and debt of $39,075 and $25,381 respectively.
This year’s “Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k” ranking analyzed 31 colleges that offered a degree in business economics. This ranking identifies schools with high-quality business economics programs that also have a lower cost than schools of similar quality.
Some of the factors we look at when determining these rankings are overall quality of the business economics program at the school and the cost of the school after aid is awarded among other things. For more information, check out our ranking methodology.
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One Size Does Not Fit All
The business economics 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 Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k”.
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 Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k
The following schools top our list of the Best Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k.
Top 25 Best Value Bachelor’s Degree Colleges for Business Economics (Income $48-$75k) in the Great Lakes Region
You’ll be in good company if you decide to attend Ohio State University - Main Campus. It ranked #1 on our 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Columbus, Ohio is the setting for this large institution of higher learning. The public school handed out bachelors’s business economics degrees to 91 students in 2019-2020.
Ohio State also made our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #2. The estimated yearly cost for Ohio State is $13,982 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k.
The low student loan default rate of 4.4% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year.
Read full report on Business Economics at Ohio State University - Main Campus
You’ll join some of the best and brightest minds around if you attend Beloit College. The school came in at #2 for the Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k. This small school is located in Beloit, Wisconsin, and it awarded 20 bachelors’s business economics degrees in 2019-2020.
Beloit not only placed well in this ranking. It is also #8 on our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $10,769 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k per year to attend Beloit College.
The school has an excellent freshman retention rate of 90%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 1.9%, which is quite low when compared to the national default rate of 10.1%. Since the school has a student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors.
Out of the 31 schools in the Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k that were part of this year’s ranking, Wheaton College Illinois landed the #3 spot on the list. Wheaton, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s business economics degrees to 66 students in 2019-2020.
Wheaton College Illinois did well in our major quality rankings, too. It placed #1 on our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $19,691 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k per year to attend Wheaton College Illinois.
Since the school has a student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors. The student loan default rate at the school is 0.7%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 90%, the school does an excellent job of retaining its students.
Read more about Business Economics at Wheaton College Illinois
Out of the 31 schools in the Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k that were part of this year’s ranking, Southern Illinois University Edwardsville landed the #4 spot on the list. Southern Illinois University Edwardsville is located in Edwardsville, Illinois and, has a fairly large student population. In 2019-2020, this school awarded 34 bachelors’s business economics degrees to qualified students.
SIUE did well in our major quality rankings, too. It placed #16 on our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $13,705 for great lakes region bachelor’s degree business economics students whose families make $48-$75k per year to attend SIUE.
You’ll be in good company if you decide to attend Oakland University. It ranked #5 on our 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Oakland University is located in Rochester Hills, Michigan and, has a fairly large student population. In 2019-2020, this school awarded 4 bachelors’s business economics degrees to qualified students.
Oakland not only placed well in this ranking. It is also #19 on our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $10,387 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k per year to attend Oakland University.
With a ranking of #6, Grand Valley State University did quite well on the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Grand Valley State University is located in Allendale, Michigan and, has a large student population. In 2019-2020, this school awarded 55 bachelors’s business economics degrees to qualified students.
GVSU also made our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #9. The estimated yearly cost for GVSU is $15,775 for great lakes region bachelor’s degree business economics students whose families make $48-$75k.
The student loan default rate at the school is 3.7%, which is quite low when compared to the national default rate of 10.1%.
Saginaw Valley State University landed the #7 spot on the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. Saginaw Valley State University is a public institution located in University Center, Michigan. The school has a medium-sized population, and it awarded 6 bachelors’s degrees in 2019-2020.
The yearly cost to attend Saginaw Valley State University is $14,230 for great lakes region bachelor’s degree business economics students whose families make $48-$75k.
Full Saginaw Valley State University Business Economics Report
Southern Illinois University Carbondale did quite well in the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #8. SIUC is a fairly large school located in Carbondale, Illinois that handed out 5 bachelors’s business economics degrees in 2019-2020.
SIUC did well in our major quality rankings, too. It placed #23 on our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $14,985 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k per year to attend Southern Illinois University Carbondale.
Lewis University did quite well in the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #9. Lewis is a private not-for-profit institution located in Romeoville, Illinois. The school has a medium-sized population, and it awarded 11 bachelors’s degrees in 2019-2020.
Lewis also made our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #15. The yearly cost to attend Lewis University is $16,489 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k.
The low student loan default rate of 3.6% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Western Illinois University did quite well in the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #10. Located in Macomb, Illinois, this medium-sized public school handed out 4 degrees to qualified bachelors’s business economics students in 2019-2020.
In addition to being on our great lakes region bachelor’s degree business economics students whose families make $48-$75k list, WIU has also earned the #24 rank in our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Western Illinois University is $15,912 for great lakes region bachelor’s degree business economics students whose families make $48-$75k.
Youngstown State University did quite well in the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #11. Youngstown State University is located in Youngstown, Ohio and, has a fairly large student population. In 2019-2020, this school awarded 3 bachelors’s business economics degrees to qualified students.
It costs about $13,786 for great lakes region bachelor’s degree business economics students whose families make $48-$75k per year to attend Youngstown State University.
Eastern Michigan University came in at #12 in this year’s edition of the Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. Eastern Michigan is a public institution located in Ypsilanti, Michigan. The school has a fairly large population, and it awarded 4 bachelors’s degrees in 2019-2020.
The estimated yearly cost for Eastern Michigan is $16,042 for great lakes region bachelor’s degree business economics students whose families make $48-$75k.
Read full report on Business Economics at Eastern Michigan University
Cedarville University did quite well in the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #13. Cedarville, Ohio is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s business economics degrees to 5 students in 2019-2020.
As a testament to the quality of education offered at Cedarville, the school also landed the #14 spot in our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Cedarville is $19,267 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 2.0%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 88%, the school does an excellent job of retaining its students.
Hope College came in at #14 in this year’s edition of the Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. This small school is located in Holland, Michigan, and it awarded 10 bachelors’s business economics degrees in 2019-2020.
Hope also took the #7 spot in our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Hope College is $20,372 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 2.1%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year.
Wright State University - Main Campus landed the #15 spot on the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. Wright State University - Main Campus is located in Dayton, Ohio and, has a fairly large student population. In 2019-2020, this school awarded 24 bachelors’s business economics degrees to qualified students.
Wright State University - Main Campus also took the #25 spot in our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Wright State University - Main Campus is $16,908 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k.
Read more about Business Economics at Wright State University - Main Campus
Miami University - Oxford landed the #16 spot on the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. Miami University - Oxford is a fairly large public school situated in Oxford, Ohio. It awarded 44 bachelors’s business economics degrees in 2019-2020.
Miami University - Oxford did well in our major quality rankings, too. It placed #6 on our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” list. The yearly cost to attend Miami University - Oxford is $23,232 for great lakes region bachelor’s degree business economics students whose families make $48-$75k.
With a freshman retention rate of 88%, the school does an excellent job of retaining its students.
Read full report on Business Economics at Miami University - Oxford
Marquette University did quite well in the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #17. Marquette is a fairly large school located in Milwaukee, Wisconsin that handed out 27 bachelors’s business economics degrees in 2019-2020.
Marquette also took the #3 spot in our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $25,492 for great lakes region bachelor’s degree business economics students whose families make $48-$75k per year to attend Marquette University.
Students who start out at the school are likely to stick around. The freshman retention rate is 88%. The student loan default rate at the school is 1.5%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Business Economics at Marquette University
With a ranking of #18, Ohio Wesleyan University did quite well on the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Ohio Wesleyan University is a small private not-for-profit school situated in Delaware, Ohio. It awarded 10 bachelors’s business economics degrees in 2019-2020.
OWU also took the #12 spot in our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend OWU is $22,111 for great lakes region bachelor’s degree business economics students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 4.5%, which is much lower than the national rate of 10.1%. Since the school has a student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors.
With a ranking of #19, Capital University did quite well on the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Located in Columbus, Ohio, this small private not-for-profit school awarded 12 diplomas to qualified bachelors’s business economics students in 2019-2020.
Capital also made our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #20. The estimated yearly cost for Capital University is $20,693 for great lakes region bachelor’s degree business economics students whose families make $48-$75k.
The student loan default rate at the school is 4.8%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Business Economics at Capital University
With a ranking of #20, Bradley University did quite well on the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Located in Peoria, Illinois, this medium-sized private not-for-profit school handed out 6 diplomas to qualified bachelors’s business economics students in 2019-2020.
As a testament to the quality of education offered at Bradley, the school also landed the #10 spot in our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Bradley University is $22,865 for great lakes region bachelor’s degree business economics students whose families make $48-$75k.
The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year. The school has an impressive student loan default rate. It’s only 2.5%, which is much lower than the national rate of 10.1%.
With a ranking of #21, University of Dayton did quite well on the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Dayton, Ohio is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out bachelors’s business economics degrees to 31 students in 2019-2020.
UDayton also made our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #4. It costs about $24,614 for great lakes region bachelor’s degree business economics students whose families make $48-$75k per year to attend UDayton.
The school has an impressive student loan default rate. It’s only 2.5%, which is much lower than the national rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 91%.
Northwood University ranked #22 on this year’s Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Midland, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s business economics degrees to 1 students in 2019-2020.
In addition to being on our great lakes region bachelor’s degree business economics students whose families make $48-$75k list, Northwood has also earned the #21 rank in our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $20,968 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k per year to attend Northwood.
The impressive student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
With a ranking of #23, Cleveland State University did quite well on the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Cleveland State University is a fairly large school located in Cleveland, Ohio that handed out 13 bachelors’s business economics degrees in 2019-2020.
It costs about $18,338 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k per year to attend Cleveland State University.
Read full report on Business Economics at Cleveland State University
Kent State University at Kent landed the #24 spot on the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. Located in Kent, Ohio, this large public school awarded 2 diplomas to qualified bachelors’s business economics students in 2019-2020.
It costs about $19,299 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k per year to attend Kent State.
Carroll University landed the #25 spot on the 2022 Best Value Business Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. Carroll University is located in Waukesha, Wisconsin and, has a small student population. In 2019-2020, this school awarded 1 bachelors’s business economics degrees to qualified students.
Carroll U also took the #17 spot in our “Best Business Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Carroll U is $21,563 for Great Lakes Region Bachelor’s Degree Business Economics students whose families make $48-$75k.
The low student loan default rate of 3.2% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Read full report on Business Economics at Carroll 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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