2022 Best Value Master’s Degree Colleges for Business Administration & Management (Income $0-$30k) in Illinois
When it comes to choosing a college, students have a lot of options - but not all of them are good. College Factual has developed its “Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k” ranking as one item you can use to help make this decision.
Business Administration & Management is one of the most popular majors in the nation, ranking 2nd of all the majors we analyze. In 2019-2020, 404,734 degrees were awarded to students with this major. In 2017-2018, business administration and management graduates who were awarded their degree in 2015-2017, earned an average of $46,740 and had an average of $29,113 in loans still to pay off.
Across Illinois, there were 12,211 business administration and management graduates with average earnings and debt of $53,855 and $33,288 respectively. At the master’s degree level specifically, there were 5,610 business administration and management graduates with average earnings and debt of $57,267 and $46,814 respectively.
For this year’s “Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k” ranking, we looked at 37 colleges that offer a degree in business administration and management. This ranking identifies schools with high-quality business administration and management 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 business administration and management program at the school. For more information, check out our ranking methodology.
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One Size Does Not Fit All
Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k” list, to help you choose the best school for you.
In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat. When you have some time, check it out - you may want to bookmark the link so you don’t forget it.
Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k
The following schools top our list of the Best Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k.
Top 25 Best Value Master’s Degree Colleges for Business Administration & Management (Income $0-$30k) in 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 Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k. Located in Evanston, Illinois, this large private not-for-profit school handed out 325 degrees to qualified masters’s business administration students in 2019-2020.
Northwestern not only placed well in this ranking. It is also #1 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Northwestern University are $56,567, but some majors have different tuition rates.
Read full report on Business Administration & Management at Northwestern
You’ll be in good company if you decide to attend University of Chicago. It ranked #2 on our 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k list. Located in Chicago, Illinois, this fairly large private not-for-profit school handed out 228 degrees to qualified masters’s business administration students in 2019-2020.
As a testament to the quality of education offered at UChicago, the school also landed the #3 spot in our “Best Business Administration & 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 Chicago are $61,548.
Read more about Business Administration & Management at UChicago
Out of the 37 schools in the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k that were part of this year’s ranking, University of Illinois at Urbana-Champaign landed the #3 spot on the list. This large school is located in Champaign, Illinois, and it awarded 695 masters’s business administration degrees in 2019-2020.
UIUC not only placed well in this ranking. It is also #2 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at University of Illinois at Urbana-Champaign are $30,083, but some majors have different tuition rates.
Read full report on Business Administration & Management at UIUC
Out of the 37 schools in the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k that were part of this year’s ranking, University of Illinois at Chicago landed the #4 spot on the list. University of Illinois at Chicago is a public institution located in Chicago, Illinois. The school has a large population, and it awarded 198 masters’s degrees in 2019-2020.
UIC not only placed well in this ranking. It is also #10 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at UIC are $27,036, but some majors have different tuition rates.
You’ll join some of the best and brightest minds around if you attend Southern Illinois University Edwardsville. The school came in at #5 for the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k. 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 more about Business Administration & Management at Southern Illinois University Edwardsville
Northern Illinois University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking, coming in at #6. Dekalb, Illinois is the setting for this fairly large institution of higher learning. The public school handed out masters’s business administration degrees to 146 students in 2019-2020.
In addition to being on our illinois master’s degree business administration students whose families make $0-$30k list, NIU has also earned the #13 rank in our “Best Business Administration & 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 Northern Illinois University are $11,086.
Governors State University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking, coming in at #7. Governors State University is a small school located in University Park, Illinois that handed out 23 masters’s business administration degrees in 2019-2020.
Although you might pay more or less depending on your area of study, average graduate tuition and fees at GSU are $14,674.
University of Illinois at Springfield landed the #8 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking. University of Illinois at Springfield is a public institution located in Springfield, Illinois. The school has a small population, and it awarded 35 masters’s degrees in 2019-2020.
Although you might pay more or less depending on your area of study, average graduate tuition and fees at UIS are $16,757.
Illinois State University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking, coming in at #9. This large school is located in Normal, Illinois, and it awarded 104 masters’s business administration degrees in 2019-2020.
As a testament to the quality of education offered at Illinois State, the school also landed the #9 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Illinois State are $11,069, but some majors have different tuition rates.
Read more about Business Administration & Management at Illinois State
Saint Xavier University ranked #10 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k list. This small school is located in Chicago, Illinois, and it awarded 18 masters’s business administration degrees in 2019-2020.
Although you might pay more or less depending on your area of study, average graduate tuition and fees at Saint Xavier University are $15,450.
Aurora University ranked #11 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k list. Located in Aurora, Illinois, this medium-sized private not-for-profit school handed out 146 diplomas to qualified masters’s business administration students in 2019-2020.
In addition to being on our illinois master’s degree business administration students whose families make $0-$30k list, Aurora has also earned the #15 rank in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Aurora are $13,200, but some majors have different tuition rates.
Read full report on Business Administration & Management at Aurora
Lewis University came in at #12 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking. Lewis is located in Romeoville, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 160 masters’s business administration degrees to qualified students.
Lewis also took the #11 spot in our “Best Business Administration & 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 Lewis University are $14,780.
Full Lewis University Business Administration & Management Report
Eastern Illinois University landed the #13 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking. Located in Charleston, Illinois, this medium-sized public school awarded 36 diplomas to qualified masters’s business administration students in 2019-2020.
Although you might pay more or less depending on your area of study, average graduate tuition and fees at EIU are $20,761.
University of St Francis came in at #14 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking. University of Saint Francis is a small private not-for-profit school situated in Joliet, Illinois. It awarded 55 masters’s business administration degrees in 2019-2020.
University of Saint Francis also took the #21 spot in our “Best Business Administration & 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 Saint Francis are $13,839.
Full University of Saint Francis Business Administration & Management Report
Western Illinois University came in at #15 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking. Western Illinois University is a public institution located in Macomb, Illinois. The school has a medium-sized population, and it awarded 36 masters’s degrees in 2019-2020.
WIU also made our “Best Business Administration & Management Master’s Degree Schools in Illinois” list, coming in at #23. Although you might pay more or less depending on your area of study, average graduate tuition and fees at WIU are $11,996.
Read full report on Business Administration & Management at WIU
Southern Illinois University Carbondale came in at #16 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking. 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 more about Business Administration & Management at SIUC
With a ranking of #17, Elmhurst University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k list. Elmhurst University is a private not-for-profit institution located in Elmhurst, Illinois. The school has a small population, and it awarded 72 masters’s degrees in 2019-2020.
Elmhurst not only placed well in this ranking. It is also #8 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Elmhurst are $32,300, but some majors have different tuition rates.
Read more about Business Administration & Management at Elmhurst
Bradley University ranked #18 on this year’s Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k list. Bradley is a private not-for-profit institution located in Peoria, Illinois. The school has a medium-sized population, and it awarded 25 masters’s degrees in 2019-2020.
In addition to being on our illinois master’s degree business administration students whose families make $0-$30k list, Bradley has also earned the #6 rank in our “Best Business Administration & 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 Bradley University are $17,040.
Read full report on Business Administration & Management at Bradley
Millikin University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking, coming in at #19. 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.
In addition to being on our illinois master’s degree business administration students whose families make $0-$30k list, Millikin has also earned the #19 rank in our “Best Business Administration & 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 Millikin University are $23,733.
Read more about Business Administration & Management at Millikin
With a ranking of #20, McKendree University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k list. Located in Lebanon, Illinois, this small private not-for-profit school handed out 61 degrees to qualified masters’s business administration students in 2019-2020.
Although you might pay more or less depending on your area of study, average graduate tuition and fees at McKendree are $9,324.
Illinois Institute of Technology came in at #21 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking. Illinois Institute of Technology 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.
In addition to being on our illinois master’s degree business administration students whose families make $0-$30k list, Illinois Tech has also earned the #17 rank in our “Best Business Administration & 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 Illinois Tech are $30,695.
Read more about Business Administration & Management at Illinois Tech
With a ranking of #22, Judson University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k list. Judson University is a small private not-for-profit school situated in Elgin, Illinois. It awarded 44 masters’s business administration degrees in 2019-2020.
In addition to being on our illinois master’s degree business administration students whose families make $0-$30k list, Judson has also earned the #18 rank in our “Best Business Administration & 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 Business Administration & Management at Judson
North Park University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking, coming in at #23. North Park is a private not-for-profit institution located in Chicago, Illinois. The school has a small population, and it awarded 80 masters’s degrees in 2019-2020.
North Park also made our “Best Business Administration & Management Master’s Degree Schools in Illinois” list, coming in at #22. Although you might pay more or less depending on your area of study, average graduate tuition and fees at North Park are $14,076.
Read more about Business Administration & Management at North Park University
Dominican University came in at #24 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking. Dominican U is a small private not-for-profit school situated in River Forest, Illinois. It awarded 38 masters’s business administration degrees in 2019-2020.
Average graduate tuition and fees at Dominican University are $20,884, but some majors have different tuition rates.
Read full report on Business Administration & Management at Dominican University
National Louis University landed the #25 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois For Those Making $0-$30k ranking. Located in Chicago, Illinois, this medium-sized private not-for-profit school handed out 46 degrees to qualified masters’s business administration students in 2019-2020.
Although you might pay more or less depending on your area of study, average graduate tuition and fees at National Louis University are $12,096.
Read more about Business Administration & Management at National Louis 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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