2022 Best Value 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 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.
This year’s “Best Value Business Administration Schools in Illinois For Those Making $30-$48k” ranking analyzed 61 colleges that offered a degree in business administration and management. Not only do the schools that top this list have excellent business administration and management programs, but they also 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 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 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. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.
Best Value Business Administration Schools in Illinois For Those Making $30-$48k
The following schools top our list of the Best Best Value Business Administration Schools in Illinois For Those Making $30-$48k.
Top 25 Best Value Colleges for Business Administration & Management (Income $30-$48k) in Illinois
You’ll be in good company if you decide to attend Northwestern University. It ranked #1 on our 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k list. This large school is located in Evanston, Illinois, and it awarded 325 ’s business administration degrees in 2019-2020.
Northwestern also made our “Best Business Administration & Management Schools in Illinois” list, coming in at #2. The estimated yearly cost for Northwestern University is $3,995 for Illinois Business Administration students whose families make $30-$48k.
Students who start out at the school are likely to stick around. The freshman retention rate is 97%. The student loan default rate at the school is 0.8%, which is quite low when compared to the national default rate of 10.1%. Since the school has a student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors.
Read more about Business Administration & Management at Northwestern
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 Business Administration Schools in Illinois For Those Making $30-$48k. Chicago, Illinois is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out ’s business administration degrees to 228 students in 2019-2020.
UChicago not only placed well in this ranking. It is also #1 on our “Best Business Administration & Management Schools in Illinois” list. The yearly cost to attend University of Chicago is $2,800 for illinois business administration students whose families make $30-$48k.
The school has an excellent freshman retention rate of 100%, which means students like the school well enough to return for a second year. With a student-to-faculty ratio of 5 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The student loan default rate at the school is 0.6%, which is quite low when compared to the national default rate of 10.1%.
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 in Illinois For Those Making $30-$48k list. Located in Champaign, Illinois, this large public school handed out 838 diplomas to qualified ’s business administration students in 2019-2020.
UIUC not only placed well in this ranking. It is also #3 on our “Best Business Administration & Management Schools in Illinois” list. The yearly cost to attend UIUC is $8,464 for illinois business administration students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 2.4%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year.
Read more about Business Administration & Management at University of Illinois at Urbana-Champaign
You’ll be in good company if you decide to attend Waubonsee Community College. It ranked #4 on our 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k list. Waubonsee Community College is a public institution located in Sugar Grove, Illinois. The school has a medium-sized population, and it awarded 22 ’s degrees in 2019-2020.
Waubonsee also made our “Best Business Administration & Management Schools in Illinois” list, coming in at #17. It costs about $3,432 for Illinois Business Administration students whose families make $30-$48k per year to attend Waubonsee Community College.
Read more about Business Administration & Management at Waubonsee
Out of the 61 schools in the Best Value Business Administration Schools in Illinois For Those Making $30-$48k that were part of this year’s ranking, Elgin Community College landed the #5 spot on the list. Elgin, Illinois is the setting for this medium-sized institution of higher learning. The public school handed out ’s business administration degrees to 18 students in 2019-2020.
The yearly cost to attend ECC is $3,717 for Illinois Business Administration students whose families make $30-$48k.
Read full report on Business Administration & Management at Elgin Community College
Moraine Valley Community College ranked #6 on this year’s Best Value Business Administration Schools in Illinois For Those Making $30-$48k list. Moraine Valley Community College is located in Palos Hills, Illinois and, has a fairly large student population. In 2019-2020, this school awarded 32 ’s business administration degrees to qualified students.
It costs about $1,513 for Illinois Business Administration students whose families make $30-$48k per year to attend Moraine Valley Community College.
Read full report on Business Administration & Management at MVCC
With a ranking of #7, William Rainey Harper College did quite well on the 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k list. William Rainey Harper College is a fairly large public school situated in Palatine, Illinois. It awarded 124 ’s business administration degrees in 2019-2020.
The yearly cost to attend William Rainey Harper College is $6,497 for Illinois Business Administration students whose families make $30-$48k.
Read more about Business Administration & Management at William Rainey Harper College
McHenry County College did quite well in the 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k ranking, coming in at #8. McHenry County College is a medium-sized public school situated in Crystal Lake, Illinois. It awarded 105 ’s business administration degrees in 2019-2020.
The yearly cost to attend McHenry County College is $6,143 for Illinois Business Administration students whose families make $30-$48k.
With a ranking of #9, Triton College did quite well on the 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k list. This medium-sized school is located in River Grove, Illinois, and it awarded 15 ’s business administration degrees in 2019-2020.
The estimated yearly cost for Triton College is $4,579 for Illinois Business Administration students whose families make $30-$48k.
Read more about Business Administration & Management at Triton College
College of Lake County ranked #10 on this year’s Best Value Business Administration Schools in Illinois For Those Making $30-$48k list. Grayslake, Illinois is the setting for this fairly large institution of higher learning. The public school handed out ’s business administration degrees to 27 students in 2019-2020.
The estimated yearly cost for College of Lake County is $4,136 for Illinois Business Administration students whose families make $30-$48k.
Read full report on Business Administration & Management at College of Lake County
University of Illinois at Springfield landed the #11 spot on the 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k ranking. UIS is a small public school situated in Springfield, Illinois. It awarded 157 ’s business administration degrees in 2019-2020.
UIS also took the #22 spot in our “Best Business Administration & Management Schools in Illinois” ranking. The estimated yearly cost for UIS is $8,323 for Illinois Business Administration students whose families make $30-$48k.
Read full report on Business Administration & Management at UIS
Southern Illinois University Edwardsville came in at #12 in this year’s edition of the Best Value Business Administration Schools in Illinois For Those Making $30-$48k ranking. SIUE is a fairly large public school situated in Edwardsville, Illinois. It awarded 324 ’s business administration degrees in 2019-2020.
SIUE not only placed well in this ranking. It is also #20 on our “Best Business Administration & Management Schools in Illinois” list. The estimated yearly cost for SIUE is $9,938 for illinois business administration students whose families make $30-$48k.
Lewis and Clark Community College ranked #13 on this year’s Best Value Business Administration Schools in Illinois For Those Making $30-$48k list. This small school is located in Godfrey, Illinois, and it awarded 28 ’s business administration degrees in 2019-2020.
The estimated yearly cost for Lewis and Clark Community College is $3,658 for Illinois Business Administration students whose families make $30-$48k.
Read full report on Business Administration & Management at Lewis and Clark Community College
University of Illinois at Chicago ranked #14 on this year’s Best Value Business Administration Schools in Illinois For Those Making $30-$48k list. Located in Chicago, Illinois, this large public school handed out 259 degrees to qualified ’s business administration students in 2019-2020.
UIC did well in our major quality rankings, too. It placed #11 on our “Best Business Administration & Management Schools in Illinois” list. The yearly cost to attend UIC is $11,185 for illinois business administration students whose families make $30-$48k.
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 more about Business Administration & Management at University of Illinois at Chicago
Northern Illinois University did quite well in the 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k ranking, coming in at #15. Northern Illinois University is a public institution located in Dekalb, Illinois. The school has a fairly large population, and it awarded 320 ’s degrees in 2019-2020.
NIU also took the #12 spot in our “Best Business Administration & Management Schools in Illinois” ranking. It costs about $15,861 for Illinois Business Administration students whose families make $30-$48k per year to attend Northern Illinois University.
Read full report on Business Administration & Management at NIU
Kankakee Community College ranked #16 on this year’s Best Value Business Administration Schools in Illinois For Those Making $30-$48k list. Located in Kankakee, Illinois, this small public school handed out 29 diplomas to qualified ’s business administration students in 2019-2020.
The yearly cost to attend Kankakee Community College is $6,045 for illinois business administration students whose families make $30-$48k.
Read full report on Business Administration & Management at Kankakee Community College
Governors State University landed the #17 spot on the 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k ranking. Located in University Park, Illinois, this small public school handed out 132 diplomas to qualified ’s business administration students in 2019-2020.
It costs about $12,046 for illinois business administration students whose families make $30-$48k per year to attend Governors State University.
Read full report on Business Administration & Management at Governors State University
Eastern Illinois University landed the #18 spot on the 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k ranking. EIU is a public institution located in Charleston, Illinois. The school has a medium-sized population, and it awarded 49 ’s degrees in 2019-2020.
The yearly cost to attend EIU is $11,316 for illinois business administration students whose families make $30-$48k.
Full Eastern Illinois University Business Administration & Management Report
With a ranking of #19, Aurora University did quite well on the 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k list. Aurora University is located in Aurora, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 274 ’s business administration degrees to qualified students.
As a testament to the quality of education offered at Aurora, the school also landed the #15 spot in our “Best Business Administration & Management Schools in Illinois” ranking. It costs about $13,845 for illinois business administration students whose families make $30-$48k per year to attend Aurora.
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%.
Full Aurora University Business Administration & Management Report
With a ranking of #20, University of St Francis did quite well on the 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k list. Located in Joliet, Illinois, this small private not-for-profit school awarded 58 diplomas to qualified ’s business administration students in 2019-2020.
University of Saint Francis also took the #21 spot in our “Best Business Administration & Management Schools in Illinois” ranking. It costs about $11,229 for Illinois Business Administration students whose families make $30-$48k per year to attend University of Saint Francis.
The low student loan default rate of 3.3% 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 University of Saint Francis Business Administration & Management Report
Illinois College did quite well in the 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k ranking, coming in at #21. Located in Jacksonville, Illinois, this small private not-for-profit school handed out 51 degrees to qualified ’s business administration students in 2019-2020.
Illinois College did well in our major quality rankings, too. It placed #25 on our “Best Business Administration & Management Schools in Illinois” list. The yearly cost to attend Illinois College is $12,454 for Illinois Business Administration students whose families make $30-$48k.
Read more about Business Administration & Management at Illinois College
Parkland College came in at #22 in this year’s edition of the Best Value Business Administration Schools in Illinois For Those Making $30-$48k ranking. Parkland College is located in Champaign, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 17 ’s business administration degrees to qualified students.
The yearly cost to attend Parkland College is $8,189 for Illinois Business Administration students whose families make $30-$48k.
Read more about Business Administration & Management at Parkland College
Western Illinois University landed the #23 spot on the 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k ranking. Western Illinois University is a medium-sized public school situated in Macomb, Illinois. It awarded 121 ’s business administration degrees in 2019-2020.
The estimated yearly cost for WIU is $14,526 for illinois business administration students whose families make $30-$48k.
Illinois State University ranked #24 on this year’s Best Value Business Administration Schools in Illinois For Those Making $30-$48k list. Normal, Illinois is the setting for this large institution of higher learning. The public school handed out ’s business administration degrees to 265 students in 2019-2020.
In addition to being on our illinois business administration students whose families make $30-$48k list, Illinois State has also earned the #8 rank in our “Best Business Administration & Management Schools in Illinois” ranking. The yearly cost to attend Illinois State is $14,999 for Illinois 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
Lake Land College did quite well in the 2022 Best Value Business Administration Schools in Illinois For Those Making $30-$48k ranking, coming in at #25. Lake Land College is a small school located in Mattoon, Illinois that handed out 21 ’s business administration degrees in 2019-2020.
It costs about $4,007 for illinois business administration students whose families make $30-$48k per year to attend Lake Land College.
Full Lake Land College Business Administration & Management 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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