2022 Best Value Master’s Degree Colleges for General Business/Commerce (Income $48-$75k) in the Great Lakes Region

Students have lots of options to chooose from today when trying to decide which college to attend. College Factual has developed its “Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k” ranking as one item you can use to help make this decision.
With 55,749 degrees handed out in 2019-2020, general business/commerce is the 9th most popular major in the United States.
Across the Great Lakes region, there were 10,177 general business/commerce graduates with average earnings and debt of $0 and $0 respectively. At the master’s degree level specifically, there were 3,159 general business/commerce graduates with average earnings and debt of $57,039 and $42,488 respectively.
This year’s “Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k” ranking looked at 19 colleges that offer degrees in a bachelor’s in general business/commerce. This ranking identifies schools with high-quality general business/commerce programs that also have a lower cost than 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 general business/commerce program at the school. See our ranking methodology to learn more.
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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 General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k” ranking, along with many other major-related rankings, to help you make that 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. 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 General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k
The colleges and universities below are the best for great lakes region master’s degree general business students whose families make $48-$75k.
Top 19 Best Value Master’s Degree Colleges for General Business/Commerce (Income $48-$75k) in the Great Lakes Region
You’ll be in good company if you decide to attend Northwestern University. It ranked #1 on our 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. Located in Evanston, Illinois, this large private not-for-profit school awarded 1,048 degrees to qualified masters’s general business 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 General Business/Commerce 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.
You’ll be in good company if you decide to attend University of Chicago. It ranked #2 on our 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. UChicago is a private not-for-profit institution located in Chicago, Illinois. The school has a fairly large population, and it awarded 11 masters’s degrees in 2019-2020.
UChicago not only placed well in this ranking. It is also #2 on our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at UChicago are $61,548, but some majors have different tuition rates.
Read more about General Business/Commerce at University of Chicago
You’ll join some of the best and brightest minds around if you attend University of Notre Dame. The school came in at #3 for the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k. Notre Dame is a fairly large school located in Notre Dame, Indiana that handed out 46 masters’s general business degrees in 2019-2020.
Notre Dame did well in our major quality rankings, too. It placed #3 on our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at University of Notre Dame are $57,522, but you may pay more or less depending on your major.
Out of the 19 schools in the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k that were part of this year’s ranking, University of Wisconsin - Madison landed the #4 spot on the list. Madison, Wisconsin is the setting for this large institution of higher learning. The public school handed out masters’s general business degrees to 94 students in 2019-2020.
UW - Madison did well in our major quality rankings, too. It placed #5 on our “Best General Business/Commerce 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 - Madison are $25,523.
Full University of Wisconsin - Madison General Business/Commerce Report
Out of the 19 schools in the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k that were part of this year’s ranking, Indiana University - Bloomington landed the #5 spot on the list. Indiana University - Bloomington is a public institution located in Bloomington, Indiana. The school has a large population, and it awarded 905 masters’s degrees in 2019-2020.
IU Bloomington also took the #4 spot in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Indiana University - Bloomington are $33,338, but you may pay more or less depending on your major.
Indiana University - Northwest did quite well in the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #6. This small school is located in Gary, Indiana, and it awarded 41 masters’s general business degrees in 2019-2020.
IU Northwest also made our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list, coming in at #16. Average graduate tuition and fees at Indiana University - Northwest are $18,275, but you may pay more or less depending on your major.
Full Indiana University - Northwest General Business/Commerce Report
Indiana University - Purdue University - Indianapolis did quite well in the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #7. Indiana University - Purdue University - Indianapolis is a large school located in Indianapolis, Indiana that handed out 190 masters’s general business degrees in 2019-2020.
IUPUI also made our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list, coming in at #9. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Indiana University - Purdue University - Indianapolis are $26,013.
University of Wisconsin - Whitewater came in at #8 in this year’s edition of the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking. UW - Whitewater is a public institution located in Whitewater, Wisconsin. The school has a fairly large population, and it awarded 204 masters’s degrees in 2019-2020.
As a testament to the quality of education offered at UW - Whitewater, the school also landed the #7 spot in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at UW - Whitewater are $19,200, but some majors have different tuition rates.
Indiana University - Kokomo landed the #9 spot on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking. IU Kokomo is a small school located in Kokomo, Indiana that handed out 25 masters’s general business degrees in 2019-2020.
In addition to being on our great lakes region master’s degree general business students whose families make $48-$75k list, IU Kokomo has also earned the #17 rank in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Indiana University - Kokomo are $18,275, but some majors have different tuition rates.
Full Indiana University - Kokomo General Business/Commerce Report
Indiana University - South Bend came in at #10 in this year’s edition of the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking. South Bend, Indiana is the setting for this small institution of higher learning. The public school handed out masters’s general business degrees to 15 students in 2019-2020.
In addition to being on our great lakes region master’s degree general business students whose families make $48-$75k list, Indiana University - South Bend has also earned the #15 rank in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Indiana University - South Bend are $18,275, but some majors have different tuition rates.
Read more about General Business/Commerce at Indiana University - South Bend
Grand Valley State University landed the #11 spot on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking. Located in Allendale, Michigan, this large public school awarded 68 degrees to qualified masters’s general business students in 2019-2020.
GVSU also made our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list, coming in at #11. Average graduate tuition and fees at Grand Valley State University are $17,448, but some majors have different tuition rates.
Indiana University - Southeast landed the #12 spot on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking. Indiana University - Southeast is a public institution located in New Albany, Indiana. The school has a small population, and it awarded 30 masters’s degrees in 2019-2020.
In addition to being on our great lakes region master’s degree general business students whose families make $48-$75k list, Indiana University - Southeast has also earned the #13 rank in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Indiana University - Southeast are $18,275, but you may pay more or less depending on your major.
Read full report on General Business/Commerce at Indiana University - Southeast
Michigan State University ranked #13 on this year’s Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. This large school is located in East Lansing, Michigan, and it awarded 91 masters’s general business degrees in 2019-2020.
Michigan State did well in our major quality rankings, too. It placed #8 on our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Michigan State are $37,056, but you may pay more or less depending on your major.
Purdue University Fort Wayne did quite well in the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #14. Purdue University Fort Wayne is a medium-sized public school situated in Fort Wayne, Indiana. It awarded 41 masters’s general business degrees in 2019-2020.
PFW also took the #12 spot in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at PFW are $14,618, but you may pay more or less depending on your major.
With a ranking of #15, Ball State University did quite well on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. Located in Muncie, Indiana, this large public school handed out 86 degrees to qualified masters’s general business students in 2019-2020.
As a testament to the quality of education offered at Ball State, the school also landed the #10 spot in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Ball State are $26,204.
Youngstown State University did quite well in the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #16. This fairly large school is located in Youngstown, Ohio, and it awarded 32 masters’s general business degrees in 2019-2020.
As a testament to the quality of education offered at Youngstown State University, the school also landed the #14 spot in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Youngstown State University are $9,495.
Full Youngstown State University General Business/Commerce Report
With a ranking of #17, Indiana Institute of Technology did quite well on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. Indiana Institute of Technology is a small school located in Fort Wayne, Indiana that handed out 99 masters’s general business degrees in 2019-2020.
In addition to being on our great lakes region master’s degree general business students whose families make $48-$75k list, Indiana Tech has also earned the #18 rank in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Indiana Tech are $10,026, but you may pay more or less depending on your major.
Read full report on General Business/Commerce at Indiana Tech
Roosevelt University came in at #18 in this year’s edition of the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking. Chicago, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out masters’s general business degrees to 5 students in 2019-2020.
Roosevelt not only placed well in this ranking. It is also #0 on our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Roosevelt University are $21,605, but you may pay more or less depending on your major.
Read full report on General Business/Commerce at Roosevelt University
With a ranking of #19, Xavier University did quite well on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. Located in Cincinnati, Ohio, this medium-sized private not-for-profit school awarded 128 diplomas to qualified masters’s general business students in 2019-2020.
Xavier also took the #6 spot in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Xavier University are $12,076, but some majors have different tuition rates.
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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.
Credits
- Credit for the banner image above goes to U.S. Consulate General Munich.
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