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2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k

36 Ranked Colleges
5,125 Degrees Awarded
$21,700 Avg Grad Tuition & Fees*
Best Value Business Administration Schools for a Master's in Illinois For Those Making $48-$75k

Students have lots of options to chooose from today when trying to decide which college to attend. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k” ranking is one tool we have developed to help in this regard.

With 343,202 degrees handed out in 2019-2020, general business administration and management is the 1st most popular major in the United States.

Across Illinois, there were 9,654 general business administration and management graduates with average earnings and debt of $0 and $0 respectively. At the master’s degree level specifically, there were 5,125 general 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 Making $48-$75k” ranking analyzed 36 colleges that offered a degree in general business administration and management. The schools that top this list are recognized because they have great general business administration and management programs and cost less that 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 administration and management program at the school. Check out our ranking methodology for more information.

One Size Does Not Fit All

The business administration 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 Administration Schools for a Master’s in Illinois For Those Making $48-$75k”.

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. 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 Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k

The colleges and universities below are the best for illinois master’s degree business administration students whose families make $48-$75k.

Top 25 Best Value Master’s Degree Colleges for General Business Administration and Management (Income $48-$75k) in Illinois

#1

Northwestern University

Evanston, Illinois
#1 in overall quality

Out of the 36 schools in the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k that were part of this year’s ranking, Northwestern University landed the #1 spot on the list. Northwestern is a private not-for-profit institution located in Evanston, Illinois. The school has a large population, and it awarded 306 masters’s degrees in 2019-2020.

Northwestern also took the #1 spot in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” 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 Administration and Management at Northwestern

#2

University of Chicago

Chicago, Illinois
#3 in overall quality

Out of the 36 schools in the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k that were part of this year’s ranking, University of Chicago landed the #2 spot on the list. University of Chicago is a fairly large school located in Chicago, Illinois that handed out 228 masters’s business administration degrees in 2019-2020.

UChicago did well in our major quality rankings, too. It placed #3 on our “Best General Business Administration and 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.

Read full report on General Business Administration and Management at University of Chicago

#2 in overall quality

You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #3 on our 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k list. Located in Champaign, Illinois, this large public school handed out 695 degrees to qualified masters’s business administration students in 2019-2020.

UIUC also made our “Best General Business Administration and 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 you may pay more or less depending on your major.

Full University of Illinois at Urbana-Champaign General Business Administration and Management Report

#10 in overall quality

You’ll be in good company if you decide to attend University of Illinois at Chicago. It ranked #4 on our 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k list. Chicago, Illinois is the setting for this large institution of higher learning. The public school handed out masters’s business administration degrees to 198 students in 2019-2020.

In addition to being on our illinois master’s degree business administration students whose families make $48-$75k list, UIC has also earned the #10 rank in our “Best General Business Administration and 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 University of Illinois at Chicago are $27,036.

Read full report on General Business Administration and Management at University of Illinois at Chicago

#5

Northern Illinois University

Dekalb, Illinois
#13 in overall quality

Out of the 36 schools in the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k that were part of this year’s ranking, Northern Illinois University landed the #5 spot on the list. Northern Illinois University is located in Dekalb, Illinois and, has a fairly large student population. In 2019-2020, this school awarded 146 masters’s business administration degrees to qualified students.

In addition to being on our illinois master’s degree business administration students whose families make $48-$75k list, NIU has also earned the #13 rank in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at NIU are $11,086, but some majors have different tuition rates.

Full Northern Illinois University General Business Administration and Management Report

University of Illinois at Springfield came in at #6 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k ranking. 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 more about General Business Administration and Management at University of Illinois at Springfield

#7

Judson University

Elgin, Illinois
#18 in overall quality

Judson University ranked #7 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k list. Judson University is a private not-for-profit institution located in Elgin, Illinois. The school has a small population, and it awarded 33 masters’s degrees in 2019-2020.

In addition to being on our illinois master’s degree business administration students whose families make $48-$75k list, Judson has also earned the #18 rank in our “Best General Business Administration and 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 Judson are $18,900.

Read full report on General Business Administration and Management at Judson University

Southern Illinois University Edwardsville came in at #8 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k ranking. Southern Illinois University Edwardsville is a public institution located in Edwardsville, Illinois. The school has a fairly large population, and it awarded 80 masters’s degrees in 2019-2020.

Average graduate tuition and fees at Southern Illinois University Edwardsville are $9,300, but you may pay more or less depending on your major.

Read full report on General Business Administration and Management at Southern Illinois University Edwardsville

#9

Aurora University

Aurora, Illinois
#15 in overall quality

With a ranking of #9, Aurora University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k list. 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 General Business Administration and 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 General Business Administration and Management Report

#10

Eastern Illinois University

Charleston, Illinois

Eastern Illinois University came in at #10 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k ranking. 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 Eastern Illinois University are $20,761, but some majors have different tuition rates.

Full EIU General Business Administration and Management Report

#11

University of St Francis

Joliet, Illinois
#21 in overall quality

University of St Francis did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k ranking, coming in at #11. Located in Joliet, Illinois, this small private not-for-profit school awarded 55 diplomas to qualified masters’s business administration students in 2019-2020.

As a testament to the quality of education offered at University of Saint Francis, the school also landed the #21 spot in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at University of St Francis are $13,839, but you may pay more or less depending on your major.

Read more about General Business Administration and Management at University of St Francis

#12

Governors State University

University Park, Illinois

Governors State University ranked #12 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k list. Governors State University is a small public school situated in University Park, Illinois. It awarded 23 masters’s business administration degrees in 2019-2020.

Average graduate tuition and fees at Governors State University are $14,674, but some majors have different tuition rates.

Read full report on General Business Administration and Management at GSU

#13

Saint Xavier University

Chicago, Illinois

Saint Xavier University landed the #13 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois 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 business administration degrees to 18 students in 2019-2020.

Average graduate tuition and fees at Saint Xavier University are $15,450, but some majors have different tuition rates.

Read full report on General Business Administration and Management at Saint Xavier University

Southern Illinois University Carbondale did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k ranking, coming in at #14. SIUC is a public institution located in Carbondale, Illinois. The school has a fairly large population, and it awarded 43 masters’s degrees in 2019-2020.

Average graduate tuition and fees at Southern Illinois University Carbondale are $32,928, but you may pay more or less depending on your major.

Read full report on General Business Administration and Management at Southern Illinois University Carbondale

#15

Lewis University

Romeoville, Illinois
#11 in overall quality

Lewis University landed the #15 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k ranking. Lewis University is located in Romeoville, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 100 masters’s business administration degrees to qualified students.

As a testament to the quality of education offered at Lewis, the school also landed the #11 spot in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Lewis University are $14,780, but you may pay more or less depending on your major.

Full Lewis University General Business Administration and Management Report

#16

Illinois State University

Normal, Illinois
#9 in overall quality

Illinois State University landed the #16 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k ranking. Illinois State is a large public school situated in Normal, Illinois. It awarded 104 masters’s business administration degrees in 2019-2020.

Illinois State not only placed well in this ranking. It is also #9 on our “Best General Business Administration and 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 Illinois State University are $11,069.

Read more about General Business Administration and Management at Illinois State University

#17

Western Illinois University

Macomb, Illinois
#23 in overall quality

Western Illinois University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k ranking, coming in at #17. WIU is a medium-sized public school situated in Macomb, Illinois. It awarded 36 masters’s business administration degrees in 2019-2020.

WIU not only placed well in this ranking. It is also #23 on our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Western Illinois University are $11,996, but you may pay more or less depending on your major.

Full WIU General Business Administration and Management Report

#18

Elmhurst University

Elmhurst, Illinois
#8 in overall quality

With a ranking of #18, Elmhurst University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k list. Elmhurst University is a private not-for-profit institution located in Elmhurst, Illinois. The school has a small population, and it awarded 68 masters’s degrees in 2019-2020.

Elmhurst also made our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list, coming in at #8. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Elmhurst University are $32,300.

Full Elmhurst General Business Administration and Management Report

#19

Quincy University

Quincy, Illinois

Quincy University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k ranking, coming in at #19. Located in Quincy, Illinois, this small private not-for-profit school handed out 14 diplomas to qualified masters’s business administration students in 2019-2020.

Average graduate tuition and fees at Quincy University are $12,000, but some majors have different tuition rates.

Read more about General Business Administration and Management at Quincy U

#20

Concordia University, Chicago

River Forest, Illinois
#14 in overall quality

With a ranking of #20, Concordia University, Chicago did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k list. Concordia University, Chicago is a medium-sized school located in River Forest, Illinois that handed out 154 masters’s business administration degrees in 2019-2020.

In addition to being on our illinois master’s degree business administration students whose families make $48-$75k list, Concordia University, Chicago has also earned the #14 rank in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Concordia University, Chicago are $9,378, but you may pay more or less depending on your major.

Read full report on General Business Administration and Management at Concordia University, Chicago

#21

Millikin University

Decatur, Illinois
#19 in overall quality

With a ranking of #21, Millikin University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k list. Decatur, 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 26 students in 2019-2020.

Millikin not only placed well in this ranking. It is also #19 on our “Best General Business Administration and 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 Millikin are $23,733.

Read more about General Business Administration and Management at Millikin University

#22

Olivet Nazarene University

Bourbonnais, Illinois
#24 in overall quality

Olivet Nazarene University ranked #22 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k list. This small school is located in Bourbonnais, Illinois, and it awarded 55 masters’s business administration degrees in 2019-2020.

Olivet Nazarene also made our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list, coming in at #24. Average graduate tuition and fees at Olivet Nazarene are $13,393, but some majors have different tuition rates.

Read full report on General Business Administration and Management at Olivet Nazarene

#23

North Park University

Chicago, Illinois
#22 in overall quality

North Park University came in at #23 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k ranking. North Park University is a small school located in Chicago, Illinois that handed out 51 masters’s business administration degrees in 2019-2020.

North Park also took the #22 spot in our “Best General Business Administration and Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at North Park are $14,076, but some majors have different tuition rates.

Full North Park University General Business Administration and Management Report

#24

Dominican University

River Forest, Illinois

Dominican University landed the #24 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k ranking. Dominican University is located in River Forest, Illinois and, has a small student population. In 2019-2020, this school awarded 38 masters’s business administration degrees to qualified students.

Average graduate tuition and fees at Dominican U are $20,884, but some majors have different tuition rates.

Read more about General Business Administration and Management at Dominican University

#17 in overall quality

Illinois Institute of Technology ranked #25 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $48-$75k list. Illinois Tech is a private not-for-profit institution located in Chicago, Illinois. The school has a medium-sized population, and it awarded 19 masters’s degrees in 2019-2020.

Illinois Tech not only placed well in this ranking. It is also #17 on our “Best General Business Administration and Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Illinois Tech are $30,695, but some majors have different tuition rates.

Read more about General Business Administration and Management at Illinois Institute of Technology

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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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