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2022 Best Value Master’s Degree Colleges for General Business/Commerce (Income $30-$48k) in the Great Lakes Region

19 Ranked Colleges
3,159 Degrees Awarded
$26,500 Avg Grad Tuition & Fees*
Best Value General Business Schools for a Master's in the Great Lakes Region For Those Making $30-$48k

It’s not easy to decide which college to attend when there so many options available for students. College Factual has developed its “Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k” ranking as one item you can use to help make this decision.

General Business/Commerce is the 13th most popular major in the country with 55,749 degrees awarded in 2019-2020. In 2017-2018, general business/commerce graduates who were awarded their degree in 2015-2017, earned an average of $40,821 and had an average of $25,596 in loans still to pay off.

Across the Great Lakes region, there were 10,177 general business/commerce graduates with average earnings and debt of $42,581 and $26,197 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 $30-$48k” ranking analyzed 19 colleges that offered a degree in general business/commerce. Not only do the schools that top this list have excellent general business/commerce 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 general business/commerce program at the school and the cost to attend the school once aid has been awarded. For more information, check out our ranking methodology.

More Ways to Rank General Business/Commerce Schools

The general business 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 General Business Schools for a Master’s in the Great Lakes Region 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. 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 $30-$48k

The following schools top our list of the Best Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k.

Top 19 Best Value Master’s Degree Colleges for General Business/Commerce (Income $30-$48k) in the Great Lakes Region

#1

Northwestern University

Evanston, Illinois

You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #1 for the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k. Northwestern is a private not-for-profit institution located in Evanston, Illinois. The school has a large population, and it awarded 1,048 masters’s degrees 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 some majors have different tuition rates.

Read full report on General Business/Commerce at Northwestern University

#2

University of Chicago

Chicago, Illinois
#2 in overall quality

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 General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k. University of Chicago 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 also took the #2 spot in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at University of Chicago are $61,548, but some majors have different tuition rates.

Read more about General Business/Commerce at UChicago

#3

University of Notre Dame

Notre Dame, Indiana
#3 in overall quality

Out of the 19 schools in the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k that were part of this year’s ranking, University of Notre Dame landed the #3 spot on the list. Notre Dame, Indiana is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out masters’s general business degrees to 46 students in 2019-2020.

Notre Dame also made our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list, coming in at #3. Average graduate tuition and fees at University of Notre Dame are $57,522, but you may pay more or less depending on your major.

Read more about General Business/Commerce at University of Notre Dame

Out of the 19 schools in the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k that were part of this year’s ranking, University of Wisconsin - Madison landed the #4 spot on the list. UW - Madison is located in Madison, Wisconsin and, has a large student population. In 2019-2020, this school awarded 94 masters’s general business degrees to qualified students.

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. Average graduate tuition and fees at University of Wisconsin - Madison are $25,523, but you may pay more or less depending on your major.

Read more about General Business/Commerce at University of Wisconsin - Madison

#5

Indiana University - Bloomington

Bloomington, Indiana

You’ll join some of the best and brightest minds around if you attend Indiana University - Bloomington. The school came in at #5 for the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k. IU Bloomington is located in Bloomington, Indiana and, has a large student population. In 2019-2020, this school awarded 905 masters’s general business degrees to qualified students.

As a testament to the quality of education offered at IU Bloomington, the school also landed the #4 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 Indiana University - Bloomington are $33,338.

Read more about General Business/Commerce at Indiana University - Bloomington

Indiana University - Northwest came in at #6 in this year’s edition of the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k ranking. Gary, Indiana is the setting for this small institution of higher learning. The public school handed out masters’s general business degrees to 41 students 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. Although you might pay more or less depending on your area of study, average graduate tuition and fees at IU Northwest are $18,275.

Read full report on General Business/Commerce at IU Northwest

Indiana University - Purdue University - Indianapolis landed the #7 spot on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k ranking. IUPUI is located in Indianapolis, Indiana and, has a large student population. In 2019-2020, this school awarded 190 masters’s general business degrees to qualified students.

As a testament to the quality of education offered at IUPUI, the school also landed the #9 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 - Purdue University - Indianapolis are $26,013, but some majors have different tuition rates.

Full Indiana University - Purdue University - Indianapolis General Business/Commerce Report

With a ranking of #8, University of Wisconsin - Whitewater did quite well on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k list. This fairly large school is located in Whitewater, Wisconsin, and it awarded 204 masters’s general business degrees in 2019-2020.

UW - Whitewater also made our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list, coming in at #7. Average graduate tuition and fees at University of Wisconsin - Whitewater are $19,200, but you may pay more or less depending on your major.

Read more about General Business/Commerce at University of Wisconsin - Whitewater

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 $30-$48k ranking. IU Kokomo is located in Kokomo, Indiana and, has a small student population. In 2019-2020, this school awarded 25 masters’s general business degrees to qualified students.

As a testament to the quality of education offered at IU Kokomo, the school also landed the #17 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 - Kokomo are $18,275, but you may pay more or less depending on your major.

Read full report on General Business/Commerce at IU Kokomo

#10

Indiana University - South Bend

South Bend, Indiana

Indiana University - South Bend did quite well in the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k ranking, coming in at #10. Indiana University - South Bend is a small school located in South Bend, Indiana that handed out 15 masters’s general business degrees in 2019-2020.

Indiana University - South Bend also made our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list, coming in at #15. Average graduate tuition and fees at Indiana University - South Bend are $18,275, but you may pay more or less depending on your major.

Full Indiana University - South Bend General Business/Commerce Report

#11

Indiana University - Southeast

New Albany, Indiana

Indiana University - Southeast ranked #11 on this year’s Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k list. Located in New Albany, Indiana, this small public school awarded 30 degrees to qualified masters’s general business students in 2019-2020.

Indiana University - Southeast also made our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list, coming in at #13. 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

#12

Michigan State University

East Lansing, Michigan

Michigan State University came in at #12 in this year’s edition of the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k ranking. East Lansing, Michigan is the setting for this large institution of higher learning. The public school handed out masters’s general business degrees to 91 students in 2019-2020.

Michigan State not only placed well in this ranking. It is also #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 University are $37,056, but some majors have different tuition rates.

Full Michigan State University General Business/Commerce Report

#13

Grand Valley State University

Allendale, Michigan

Grand Valley State University came in at #13 in this year’s edition of the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k ranking. GVSU is a large public school situated in Allendale, Michigan. It awarded 68 masters’s general business degrees in 2019-2020.

GVSU did well in our major quality rankings, too. It placed #11 on our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Grand Valley State University are $17,448, but some majors have different tuition rates.

Read full report on General Business/Commerce at GVSU

#14

Purdue University Fort Wayne

Fort Wayne, Indiana

Purdue University Fort Wayne ranked #14 on this year’s Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k list. PFW is a medium-sized public school situated in Fort Wayne, Indiana. It awarded 41 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 $30-$48k list, PFW has also earned the #12 rank in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Purdue University Fort Wayne are $14,618, but you may pay more or less depending on your major.

Read full report on General Business/Commerce at PFW

#15

Ball State University

Muncie, Indiana

Ball State University landed the #15 spot on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k ranking. Ball State is a public institution located in Muncie, Indiana. The school has a large population, and it awarded 86 masters’s degrees in 2019-2020.

Ball State not only placed well in this ranking. It is also #10 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 Ball State University are $26,204.

Read full report on General Business/Commerce at Ball State

#16

Youngstown State University

Youngstown, Ohio
#14 in overall quality

Youngstown State University came in at #16 in this year’s edition of the Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k ranking. Youngstown State University is a fairly large public school situated in Youngstown, Ohio. It awarded 32 masters’s general business degrees in 2019-2020.

Youngstown State University did well in our major quality rankings, too. It placed #14 on our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Youngstown State University are $9,495, but you may pay more or less depending on your major.

Read full report on General Business/Commerce at Youngstown State University

#17

Indiana Institute of Technology

Fort Wayne, Indiana

Indiana Institute of Technology ranked #17 on this year’s Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k list. Indiana Institute of Technology is a small private not-for-profit school situated in Fort Wayne, Indiana. It awarded 99 masters’s general business degrees in 2019-2020.

Indiana Tech did well in our major quality rankings, too. It placed #18 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 Indiana Institute of Technology are $10,026.

Full Indiana Tech General Business/Commerce Report

#18

Roosevelt University

Chicago, Illinois

With a ranking of #18, Roosevelt University did quite well on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k list. Roosevelt University is a small school located in Chicago, Illinois that handed out 5 masters’s general business degrees in 2019-2020.

As a testament to the quality of education offered at Roosevelt, the school also landed the #0 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 Roosevelt University are $21,605.

Full Roosevelt General Business/Commerce Report

#19

Xavier University

Cincinnati, Ohio
#6 in overall quality

Xavier University landed the #19 spot on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region For Those Making $30-$48k ranking. Xavier University is a medium-sized private not-for-profit school situated in Cincinnati, Ohio. It awarded 128 masters’s general business degrees in 2019-2020.

As a testament to the quality of education offered at Xavier, the school also landed 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 are $12,076, but some majors have different tuition rates.

Full Xavier University General Business/Commerce Report

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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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