2022 Best Value Colleges for Business Administration & Management (Income $48-$75k) in Illinois
It’s not easy to decide which college to attend when there so many options available for students. 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 in Illinois For Those Making $48-$75k” ranking is one tool we have developed to help in this regard.
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 $48-$75k” ranking analyzed 61 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.
Some of the factors we look at when determining these rankings are overall quality of the business administration and management program at the school and the cost of the school after aid is awarded among other things. See our ranking methodology to learn more.
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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 in Illinois For Those Making $48-$75k”.
In addition to College Factual’s rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest you. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.
Best Value Business Administration Schools in Illinois For Those Making $48-$75k
The colleges and universities below are the best for illinois business administration students whose families make $48-$75k.
Top 25 Best Value Colleges for Business Administration & Management (Income $48-$75k) 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 $48-$75k list. This large school is located in Evanston, Illinois, and it awarded 325 ’s business administration degrees in 2019-2020.
In addition to being on our illinois business administration students whose families make $48-$75k list, Northwestern has also earned the #2 rank in our “Best Business Administration & Management Schools in Illinois” ranking. The estimated yearly cost for Northwestern University is $6,452 for illinois business administration students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 0.8%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 97%, the school does an excellent job of retaining its students. The impressive student-to-faculty ratio of 6 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Full Northwestern Business Administration & Management Report
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 in Illinois For Those Making $48-$75k list. University of Chicago is a private not-for-profit institution located in Chicago, Illinois. The school has a fairly large population, and it awarded 228 ’s degrees in 2019-2020.
UChicago also made our “Best Business Administration & Management Schools in Illinois” list, coming in at #1. The estimated yearly cost for UChicago is $7,934 for Illinois Business Administration students whose families make $48-$75k.
The impressive student-to-faculty ratio of 5 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. Students who start out at the school are likely to stick around. The freshman retention rate is 100%. The school has an impressive student loan default rate. It’s only 0.6%, which is much lower than the national rate of 10.1%.
Read more about Business Administration & Management at UChicago
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 $48-$75k list. UIUC is a large public school situated in Champaign, Illinois. It awarded 838 ’s business administration degrees 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 University of Illinois at Urbana-Champaign is $13,351 for Illinois Business Administration students whose families make $48-$75k.
The student loan default rate at the school is 2.4%, which is quite low when compared to the national default 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 UIUC
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 $48-$75k list. Waubonsee Community College is a medium-sized school located in Sugar Grove, Illinois that handed out 22 ’s business administration degrees in 2019-2020.
As a testament to the quality of education offered at Waubonsee, the school also landed the #17 spot in our “Best Business Administration & Management Schools in Illinois” ranking. The estimated yearly cost for Waubonsee is $6,779 for illinois business administration students whose families make $48-$75k.
Read full report on Business Administration & Management at Waubonsee Community College
Out of the 61 schools in the Best Value Business Administration Schools in Illinois For Those Making $48-$75k that were part of this year’s ranking, Elgin Community College landed the #5 spot on the list. This medium-sized school is located in Elgin, Illinois, and it awarded 18 ’s business administration degrees in 2019-2020.
The estimated yearly cost for ECC is $6,022 for Illinois Business Administration students whose families make $48-$75k.
Read full report on Business Administration & Management at Elgin Community College
McHenry County College ranked #6 on this year’s Best Value Business Administration Schools in Illinois For Those Making $48-$75k list. McHenry County College is a medium-sized school located in Crystal Lake, Illinois that handed out 105 ’s business administration degrees in 2019-2020.
It costs about $8,060 for illinois business administration students whose families make $48-$75k per year to attend McHenry County College.
Moraine Valley Community College came in at #7 in this year’s edition of the Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking. Moraine Valley Community College is a fairly large public school situated in Palos Hills, Illinois. It awarded 32 ’s business administration degrees in 2019-2020.
The estimated yearly cost for Moraine Valley Community College is $5,411 for Illinois Business Administration students whose families make $48-$75k.
Full Moraine Valley Community College Business Administration & Management Report
William Rainey Harper College landed the #8 spot on the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking. Palatine, Illinois is the setting for this fairly large institution of higher learning. The public school handed out ’s business administration degrees to 124 students in 2019-2020.
The yearly cost to attend William Rainey Harper College is $9,539 for Illinois Business Administration students whose families make $48-$75k.
Full William Rainey Harper College Business Administration & Management Report
Triton College landed the #9 spot on the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking. Triton College is located in River Grove, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 15 ’s business administration degrees to qualified students.
The estimated yearly cost for Triton College is $7,436 for Illinois Business Administration students whose families make $48-$75k.
Read more about Business Administration & Management at Triton College
With a ranking of #10, College of Lake County did quite well on the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k list. College of Lake County is a public institution located in Grayslake, Illinois. The school has a fairly large population, and it awarded 27 ’s degrees in 2019-2020.
The estimated yearly cost for College of Lake County is $6,232 for illinois business administration students whose families make $48-$75k.
Full College of Lake County Business Administration & Management Report
University of Illinois at Springfield landed the #11 spot on the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking. UIS is located in Springfield, Illinois and, has a small student population. In 2019-2020, this school awarded 157 ’s business administration degrees to qualified students.
As a testament to the quality of education offered at UIS, the school also landed the #22 spot in our “Best Business Administration & Management Schools in Illinois” ranking. The estimated yearly cost for University of Illinois at Springfield is $11,857 for illinois business administration students whose families make $48-$75k.
Full University of Illinois at Springfield Business Administration & Management Report
Northern Illinois University did quite well in the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking, coming in at #12. NIU 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 did well in our major quality rankings, too. It placed #12 on our “Best Business Administration & Management Schools in Illinois” list. The yearly cost to attend Northern Illinois University is $18,346 for Illinois Business Administration students whose families make $48-$75k.
University of Illinois at Chicago landed the #13 spot on the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking. UIC is a large school located in Chicago, Illinois that handed out 259 ’s business administration degrees in 2019-2020.
UIC also took the #11 spot in our “Best Business Administration & Management Schools in Illinois” ranking. The yearly cost to attend University of Illinois at Chicago is $13,683 for Illinois Business Administration students whose families make $48-$75k.
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%.
Lewis and Clark Community College landed the #14 spot on the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking. Lewis and Clark Community College is a small public school situated in Godfrey, Illinois. It awarded 28 ’s business administration degrees in 2019-2020.
The yearly cost to attend Lewis and Clark Community College is $7,048 for Illinois Business Administration students whose families make $48-$75k.
Read more about Business Administration & Management at Lewis and Clark Community College
With a ranking of #15, Southern Illinois University Edwardsville did quite well on the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k list. This fairly large school is located in Edwardsville, Illinois, and it awarded 324 ’s business administration degrees in 2019-2020.
SIUE did well in our major quality rankings, too. It placed #20 on our “Best Business Administration & Management Schools in Illinois” list. It costs about $13,705 for Illinois Business Administration students whose families make $48-$75k per year to attend SIUE.
Read more about Business Administration & Management at Southern Illinois University Edwardsville
Judson University came in at #16 in this year’s edition of the Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking. Judson is a small private not-for-profit school situated in Elgin, Illinois. It awarded 99 ’s business administration degrees in 2019-2020.
Judson also took the #18 spot in our “Best Business Administration & Management Schools in Illinois” ranking. The estimated yearly cost for Judson University is $15,971 for Illinois Business Administration students whose families make $48-$75k.
With a student-to-faculty ratio of 10 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
Read full report on Business Administration & Management at Judson University
Kankakee Community College ranked #17 on this year’s Best Value Business Administration Schools in Illinois For Those Making $48-$75k list. This small school is located in Kankakee, Illinois, and it awarded 29 ’s business administration degrees in 2019-2020.
It costs about $8,158 for Illinois Business Administration students whose families make $48-$75k per year to attend Kankakee Community College.
Read more about Business Administration & Management at Kankakee Community College
Aurora University did quite well in the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking, coming in at #18. Aurora, Illinois is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out ’s business administration degrees to 274 students in 2019-2020.
In addition to being on our illinois business administration students whose families make $48-$75k list, Aurora has also earned the #15 rank in our “Best Business Administration & Management Schools in Illinois” ranking. The estimated yearly cost for Aurora is $15,881 for Illinois Business Administration students whose families make $48-$75k.
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%.
Eastern Illinois University ranked #19 on this year’s Best Value Business Administration Schools in Illinois For Those Making $48-$75k list. This medium-sized school is located in Charleston, Illinois, and it awarded 49 ’s business administration degrees in 2019-2020.
The estimated yearly cost for Eastern Illinois University is $13,560 for illinois business administration students whose families make $48-$75k.
Governors State University did quite well in the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking, coming in at #20. GSU is a small public school situated in University Park, Illinois. It awarded 132 ’s business administration degrees in 2019-2020.
The estimated yearly cost for Governors State University is $11,872 for illinois business administration students whose families make $48-$75k.
Read full report on Business Administration & Management at Governors State University
Augustana College did quite well in the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking, coming in at #21. Augustana is a private not-for-profit institution located in Rock Island, Illinois. The school has a small population, and it awarded 52 ’s degrees in 2019-2020.
Augustana not only placed well in this ranking. It is also #5 on our “Best Business Administration & Management Schools in Illinois” list. It costs about $21,453 for illinois business administration students whose families make $48-$75k per year to attend Augustana.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 85%.
Read more about Business Administration & Management at Augustana College
Monmouth College ranked #22 on this year’s Best Value Business Administration Schools in Illinois For Those Making $48-$75k list. Monmouth College is a small school located in Monmouth, Illinois that handed out 43 ’s business administration degrees in 2019-2020.
Monmouth not only placed well in this ranking. It is also #19 on our “Best Business Administration & Management Schools in Illinois” list. It costs about $15,960 for Illinois Business Administration students whose families make $48-$75k per year to attend Monmouth College.
With a student-to-faculty ratio of 9 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 4.5%, which is quite low when compared to the national default rate of 10.1%.
Read more about Business Administration & Management at Monmouth
University of St Francis landed the #23 spot on the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking. 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 not only placed well in this ranking. It is also #21 on our “Best Business Administration & Management Schools in Illinois” list. The yearly cost to attend University of St Francis is $14,220 for Illinois Business Administration students whose families make $48-$75k.
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 full report on Business Administration & Management at University of Saint Francis
Parkland College did quite well in the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k ranking, coming in at #24. 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 $10,888 for Illinois Business Administration students whose families make $48-$75k.
Full Parkland College Business Administration & Management Report
With a ranking of #25, Lake Land College did quite well on the 2022 Best Value Business Administration Schools in Illinois For Those Making $48-$75k list. Lake Land College is a public institution located in Mattoon, Illinois. The school has a small population, and it awarded 21 ’s degrees in 2019-2020.
It costs about $6,770 for illinois business administration students whose families make $48-$75k per year to attend Lake Land College.
Read full report on Business Administration & Management at Lake Land College
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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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