2022 Best Value Bachelor’s Degree Colleges for Business Administration & Management (Income $30-$48k) in Illinois
Students have lots of options to chooose from today when trying to decide which college to attend. College Factual has developed its “Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k” ranking as one item you can use to help make this decision.
With 404,734 degrees handed out in 2019-2020, business administration and management is the 2nd most popular major in the United States. 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 bachelor’s degree level specifically, there were 4,577 business administration and management graduates with average earnings and debt of $38,319 and $24,183 respectively.
This year’s “Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k” ranking analyzed 42 colleges that offered a degree in business administration and management. The schools that top this list are recognized because they have great business administration and management programs and cost less that schools of similar quality.
When determining these rankings, we looked at things such as overall quality of the business administration and management program at the school and the cost to attend the school once aid has been awarded. See our ranking methodology to learn more.
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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 Bachelor’s in Illinois 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. 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 Bachelor’s in Illinois For Those Making $30-$48k
The colleges and universities below are the best for illinois bachelor’s degree business administration students whose families make $30-$48k.
Top 25 Best Value Bachelor’s Degree Colleges for Business Administration & Management (Income $30-$48k) in Illinois
You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #1 on our 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k list. Located in Champaign, Illinois, this large public school handed out 135 diplomas to qualified bachelors’s business administration students in 2019-2020.
UIUC did well in our major quality rankings, too. It placed #1 on our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list. It costs about $8,464 for Illinois Bachelor’s Degree Business Administration students whose families make $30-$48k per year to attend University of Illinois at Urbana-Champaign.
The low student loan default rate of 2.4% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. With a freshman retention rate of 94%, the school does an excellent job of retaining its students.
Out of the 42 schools in the Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k that were part of this year’s ranking, University of Illinois at Springfield landed the #2 spot on the list. University of Illinois at Springfield is a small school located in Springfield, Illinois that handed out 122 bachelors’s business administration degrees in 2019-2020.
In addition to being on our illinois bachelor’s degree business administration students whose families make $30-$48k list, UIS has also earned the #15 rank in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. The yearly cost to attend UIS is $8,323 for illinois bachelor’s degree business administration students whose families make $30-$48k.
Out of the 42 schools in the Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k that were part of this year’s ranking, Southern Illinois University Edwardsville landed the #3 spot on the list. SIUE is a fairly large school located in Edwardsville, Illinois that handed out 244 bachelors’s business administration degrees in 2019-2020.
As a testament to the quality of education offered at SIUE, the school also landed the #14 spot in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. The estimated yearly cost for Southern Illinois University Edwardsville is $9,938 for illinois bachelor’s degree business administration students whose families make $30-$48k.
You’ll join some of the best and brightest minds around if you attend Northern Illinois University. The school came in at #4 for the Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k. Northern Illinois University is located in Dekalb, Illinois and, has a fairly large student population. In 2019-2020, this school awarded 174 bachelors’s business administration degrees to qualified students.
NIU also took the #9 spot in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. It costs about $15,861 for illinois bachelor’s degree business administration students whose families make $30-$48k per year to attend Northern Illinois University.
You’ll join some of the best and brightest minds around if you attend University of Illinois at Chicago. The school came in at #5 for the Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k. Chicago, Illinois is the setting for this large institution of higher learning. The public school handed out bachelors’s business administration degrees to 56 students in 2019-2020.
UIC also took the #12 spot in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. The estimated yearly cost for UIC is $11,185 for Illinois Bachelor’s Degree Business Administration students whose families make $30-$48k.
The low student loan default rate of 3.4% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Read more about Business Administration & Management at University of Illinois at Chicago
Governors State University ranked #6 on this year’s Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k list. Located in University Park, Illinois, this small public school handed out 100 degrees to qualified bachelors’s business administration students in 2019-2020.
It costs about $12,046 for illinois bachelor’s degree business administration students whose families make $30-$48k per year to attend Governors State University.
Read more about Business Administration & Management at Governors State University
Eastern Illinois University did quite well in the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k ranking, coming in at #7. Eastern Illinois University is a public institution located in Charleston, Illinois. The school has a medium-sized population, and it awarded 13 bachelors’s degrees in 2019-2020.
The yearly cost to attend EIU is $11,316 for illinois bachelor’s degree business administration students whose families make $30-$48k.
Full Eastern Illinois University Business Administration & Management Report
Aurora University landed the #8 spot on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k ranking. This medium-sized school is located in Aurora, Illinois, and it awarded 128 bachelors’s business administration degrees in 2019-2020.
Aurora also took the #10 spot in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. The estimated yearly cost for Aurora University is $13,845 for Illinois Bachelor’s Degree Business Administration students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 4.4%, which is much lower than the national rate of 10.1%.
Read more about Business Administration & Management at Aurora
Western Illinois University came in at #9 in this year’s edition of the Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k ranking. WIU is a medium-sized public school situated in Macomb, Illinois. It awarded 80 bachelors’s business administration degrees in 2019-2020.
In addition to being on our illinois bachelor’s degree business administration students whose families make $30-$48k list, WIU has also earned the #22 rank in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. The yearly cost to attend Western Illinois University is $14,526 for illinois bachelor’s degree business administration students whose families make $30-$48k.
Read full report on Business Administration & Management at WIU
With a ranking of #10, Illinois College did quite well on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k list. Illinois College is a small private not-for-profit school situated in Jacksonville, Illinois. It awarded 51 bachelors’s business administration degrees in 2019-2020.
Illinois College not only placed well in this ranking. It is also #21 on our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list. The estimated yearly cost for Illinois College is $12,454 for illinois bachelor’s degree business administration students whose families make $30-$48k.
Full Illinois College Business Administration & Management Report
Illinois State University ranked #11 on this year’s Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k list. Illinois State is a large school located in Normal, Illinois that handed out 144 bachelors’s business administration degrees in 2019-2020.
Illinois State did well in our major quality rankings, too. It placed #6 on our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list. The yearly cost to attend Illinois State is $14,999 for illinois bachelor’s degree business administration students whose families make $30-$48k.
The student loan default rate at the school is 4.4%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Business Administration & Management at Illinois State University
University of St Francis did quite well in the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k ranking, coming in at #12. University of St Francis is a small school located in Joliet, Illinois that handed out 3 bachelors’s business administration degrees in 2019-2020.
University of Saint Francis also made our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list, coming in at #24. The estimated yearly cost for University of Saint Francis is $11,229 for Illinois Bachelor’s Degree Business Administration students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 3.3%, which is much lower than the national rate of 10.1%.
Read more about Business Administration & Management at University of Saint Francis
Monmouth College came in at #13 in this year’s edition of the Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k ranking. Monmouth College is a private not-for-profit institution located in Monmouth, Illinois. The school has a small population, and it awarded 43 bachelors’s degrees in 2019-2020.
In addition to being on our illinois bachelor’s degree business administration students whose families make $30-$48k list, Monmouth has also earned the #18 rank in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. The yearly cost to attend Monmouth College is $14,337 for Illinois Bachelor’s Degree Business Administration students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 4.5%, which is much lower than the national rate of 10.1%. The student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Read full report on Business Administration & Management at Monmouth
Lewis University did quite well in the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k ranking, coming in at #14. Lewis University is a medium-sized private not-for-profit school situated in Romeoville, Illinois. It awarded 90 bachelors’s business administration degrees in 2019-2020.
Lewis not only placed well in this ranking. It is also #11 on our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list. It costs about $13,377 for illinois bachelor’s degree business administration students whose families make $30-$48k per year to attend Lewis.
The low student loan default rate of 3.6% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Full Lewis University Business Administration & Management Report
Southern Illinois University Carbondale landed the #15 spot on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k ranking. Southern Illinois University Carbondale is a fairly large public school situated in Carbondale, Illinois. It awarded 29 bachelors’s business administration degrees in 2019-2020.
The estimated yearly cost for Southern Illinois University Carbondale is $14,306 for illinois bachelor’s degree business administration students whose families make $30-$48k.
Read more about Business Administration & Management at Southern Illinois University Carbondale
With a ranking of #16, Dominican University did quite well on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k list. River Forest, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s business administration degrees to 69 students in 2019-2020.
Dominican U not only placed well in this ranking. It is also #16 on our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list. It costs about $17,586 for illinois bachelor’s degree business administration students whose families make $30-$48k per year to attend Dominican University.
The impressive student-to-faculty ratio of 10 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Read more about Business Administration & Management at Dominican University
Elmhurst University ranked #17 on this year’s Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k list. Located in Elmhurst, Illinois, this small private not-for-profit school handed out 92 degrees to qualified bachelors’s business administration students in 2019-2020.
Elmhurst also made our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list, coming in at #7. The estimated yearly cost for Elmhurst is $17,837 for illinois bachelor’s degree business administration students whose families make $30-$48k.
The student loan default rate at the school is 3.0%, which is quite low when compared to the national default rate of 10.1%.
Full Elmhurst University Business Administration & Management Report
Augustana College did quite well in the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k ranking, coming in at #18. Augustana College is a small school located in Rock Island, Illinois that handed out 52 bachelors’s business administration degrees in 2019-2020.
Augustana did well in our major quality rankings, too. It placed #2 on our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list. The estimated yearly cost for Augustana College is $16,249 for illinois bachelor’s degree business administration students whose families make $30-$48k.
The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 3.4%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Business Administration & Management at Augustana
North Park University did quite well in the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k ranking, coming in at #19. This small school is located in Chicago, Illinois, and it awarded 114 bachelors’s business administration degrees in 2019-2020.
North Park also took the #17 spot in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. The estimated yearly cost for North Park is $17,270 for Illinois Bachelor’s Degree Business Administration students whose families make $30-$48k.
Since the school has a student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors.
Read full report on Business Administration & Management at North Park
With a ranking of #20, Bradley University did quite well on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k list. Bradley is a private not-for-profit institution located in Peoria, Illinois. The school has a medium-sized population, and it awarded 52 bachelors’s degrees in 2019-2020.
Bradley also took the #8 spot in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. The yearly cost to attend Bradley University is $18,232 for Illinois Bachelor’s Degree Business Administration students whose families make $30-$48k.
The low student loan default rate of 2.5% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. With a freshman retention rate of 86%, the school does an excellent job of retaining its students.
Read more about Business Administration & Management at Bradley
National Louis University landed the #21 spot on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k ranking. NLU is a medium-sized private not-for-profit school situated in Chicago, Illinois. It awarded 36 bachelors’s business administration degrees in 2019-2020.
The yearly cost to attend National Louis University is $14,403 for illinois bachelor’s degree business administration students whose families make $30-$48k.
Read full report on Business Administration & Management at NLU
Northeastern Illinois University ranked #22 on this year’s Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k list. Chicago, Illinois is the setting for this medium-sized institution of higher learning. The public school handed out bachelors’s business administration degrees to 70 students in 2019-2020.
It costs about $15,513 for Illinois Bachelor’s Degree Business Administration students whose families make $30-$48k per year to attend Northeastern Illinois University.
Read full report on Business Administration & Management at Northeastern Illinois University
Olivet Nazarene University did quite well in the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k ranking, coming in at #23. Located in Bourbonnais, Illinois, this small private not-for-profit school awarded 59 degrees to qualified bachelors’s business administration students in 2019-2020.
It costs about $15,390 for illinois bachelor’s degree business administration students whose families make $30-$48k per year to attend Olivet Nazarene University.
The low student loan default rate of 3.4% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Full Olivet Nazarene University Business Administration & Management Report
Millikin University landed the #24 spot on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k ranking. Millikin University is a small private not-for-profit school situated in Decatur, Illinois. It awarded 30 bachelors’s business administration degrees in 2019-2020.
As a testament to the quality of education offered at Millikin, the school also landed the #23 spot in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. It costs about $17,692 for Illinois Bachelor’s Degree Business Administration students whose families make $30-$48k per year to attend Millikin.
The student-to-faculty ratio of 10 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Read more about Business Administration & Management at Millikin University
Concordia University, Chicago ranked #25 on this year’s Best Value Business Administration Schools for a Bachelor’s in Illinois For Those Making $30-$48k list. River Forest, Illinois is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out bachelors’s business administration degrees to 37 students in 2019-2020.
It costs about $15,406 for Illinois Bachelor’s Degree Business Administration students whose families make $30-$48k per year to attend Concordia University, Chicago.
Read full report on Business Administration & Management at Concordia University, Chicago
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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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