2022 Best Value Industrial Management Schools for a Master’s in Illinois For Those Making $30-$48k

With all of the options students have for higher education today, it can be tough to choose which direction to take. College Factual has developed its “Best Value Industrial Management Schools for a Master’s in Illinois For Those Making $30-$48k” ranking as one item you can use to help make this decision.

Industrial & Management Engineering is the 147th most popular major in the country with 5,633 degrees awarded in 2019-2020.

Across Illinois, there were 235 industrial and management engineering graduates with average earnings and debt of $0 and $0 respectively. At the master’s degree level specifically, there were 219 industrial and management engineering graduates with average earnings and debt of $57,267 and $46,814 respectively.

For this year’s “Best Value Industrial Management Schools for a Master’s in Illinois For Those Making $30-$48k” ranking, we looked at 4 colleges that offer a degree in industrial and management engineering. This ranking identifies schools with high-quality industrial and management engineering 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 industrial and management engineering program at the school and the cost of the school after aid is awarded among other things. See our ranking methodology to learn more.

More Ways to Rank Industrial & Management Engineering Schools

Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Industrial Management Schools for a Master’s in Illinois For Those Making $30-$48k” list, to help you choose the best school for you.

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. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.

Best Value Industrial Management Schools for a Master’s in Illinois For Those Making $30-$48k

The following schools top our list of the Best Best Value Industrial Management Schools for a Master’s in Illinois For Those Making $30-$48k.

Top 4 Best Value Master’s Degree Colleges for Industrial & Management Engineering (Income $30-$48k) in Illinois

#1

Northwestern University

Evanston, Illinois

#1 in overall quality

$56,567 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Northwestern University. It ranked #1 on our 2022 Best Value Industrial Management Schools for a Master’s in Illinois For Those Making $30-$48k list. Northwestern University is a private not-for-profit institution located in Evanston, Illinois. The school has a large population, and it awarded 51 masters’s degrees in 2019-2020.

Northwestern did well in our major quality rankings, too. It placed #1 on our “Best Industrial & Management Engineering Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Northwestern University are $56,567, but you may pay more or less depending on your major.

Full Northwestern Industrial & Management Engineering Report

#2

University of Illinois at Urbana-Champaign

Champaign, Illinois

#2 in overall quality

$30,083 Avg Grad Tuition & Fees

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 #2 for the Best Value Industrial Management Schools for a Master’s in Illinois For Those Making $30-$48k. Champaign, Illinois is the setting for this large institution of higher learning. The public school handed out masters’s industrial management degrees to 93 students in 2019-2020.

UIUC also made our “Best Industrial & Management Engineering Master’s Degree Schools in Illinois” list, coming in at #2. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Illinois at Urbana-Champaign are $30,083.

Full UIUC Industrial & Management Engineering Report

#3

Northern Illinois University

Dekalb, Illinois

#4 in overall quality

$11,086 Avg Grad Tuition & Fees

Out of the 4 schools in the Best Value Industrial Management Schools for a Master’s in Illinois For Those Making $30-$48k that were part of this year’s ranking, Northern Illinois University landed the #3 spot on the list. NIU is a fairly large public school situated in Dekalb, Illinois. It awarded 17 masters’s industrial management degrees in 2019-2020.

In addition to being on our illinois master’s degree industrial management students whose families make $30-$48k list, NIU has also earned the #4 rank in our “Best Industrial & Management Engineering Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at NIU are $11,086, but some majors have different tuition rates.

Read more about Industrial & Management Engineering at NIU

#4

Illinois Institute of Technology

Chicago, Illinois

#3 in overall quality

$30,695 Avg Grad Tuition & Fees

Out of the 4 schools in the Best Value Industrial Management Schools for a Master’s in Illinois For Those Making $30-$48k that were part of this year’s ranking, Illinois Institute of Technology landed the #4 spot on the list. Illinois Institute of Technology is a medium-sized school located in Chicago, Illinois that handed out 58 masters’s industrial management degrees in 2019-2020.

As a testament to the quality of education offered at Illinois Tech, the school also landed the #3 spot in our “Best Industrial & Management Engineering Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Illinois Institute of Technology are $30,695, but some majors have different tuition rates.

Read full report on Industrial & Management Engineering at Illinois Institute of Technology

• Best Value Master’s Degree Colleges for Industrial & Management Engineering (Income $30-$48k) in the Great Lakes Region
• Best Value Master’s Degree Colleges for Industrial & Management Engineering (Income $30-$48k)

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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