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2022 Best Value Business Administration Schools for a Bachelor’s in Illinois

43 Ranked Colleges
4,577 Degrees Awarded
$17,800 Avg Net Price*
Best Value Business Administration Schools for a Bachelor's in Illinois

With all of the options students have for higher education today, it can be tough to choose which direction to take. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Business Administration Schools for a Bachelor’s in Illinois” ranking.

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 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” ranking looked at 43 colleges that offer degrees in a bachelor’s 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.

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.

More Ways to Rank Business Administration & Management Schools

Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Business Administration Schools for a Bachelor’s in Illinois” ranking, along with many other major-related rankings, to help you make that decision.

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. 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 for a Bachelor’s in Illinois

The colleges and universities below are the best for illinois bachelor’s degree business administration students.

Top 25 Best Value Bachelor’s Degree Colleges for Business Administration & Management in Illinois

Out of the 43 schools in the Best Value Business Administration Schools for a Bachelor’s in Illinois that were part of this year’s ranking, University of Illinois at Urbana-Champaign landed the #1 spot on the list. This large school is located in Champaign, Illinois, and it awarded 135 bachelors’s business administration degrees in 2019-2020.

UIUC also made our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list, coming in at #1. The yearly cost to attend UIUC is $15,880 for illinois bachelor’s degree business administration students.

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%. Students who start out at the school are likely to stick around. The freshman retention rate is 94%.

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

#2

Illinois State University

Normal, Illinois

You’ll be in good company if you decide to attend Illinois State University. It ranked #2 on our 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois list. Normal, Illinois is the setting for this large institution of higher learning. The public school handed out bachelors’s business administration degrees to 144 students in 2019-2020.

Illinois State also made our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list, coming in at #6. The yearly cost to attend Illinois State University is $20,895 for illinois bachelor’s degree business administration students.

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 Illinois State

Out of the 43 schools in the Best Value Business Administration Schools for a Bachelor’s in Illinois that were part of this year’s ranking, Southern Illinois University Edwardsville landed the #3 spot on the list. This fairly large school is located in Edwardsville, Illinois, and it awarded 244 bachelors’s business administration degrees in 2019-2020.

SIUE did well in our major quality rankings, too. It placed #14 on our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list. The yearly cost to attend SIUE is $14,423 for Illinois Bachelor’s Degree Business Administration students.

Read more about Business Administration & Management at Southern Illinois University Edwardsville

You’ll be in good company if you decide to attend University of Illinois at Springfield. It ranked #4 on our 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois list. This small school is located in Springfield, Illinois, and it awarded 122 bachelors’s business administration degrees in 2019-2020.

UIS not only placed well in this ranking. It is also #15 on our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list. The yearly cost to attend University of Illinois at Springfield is $12,477 for Illinois Bachelor’s Degree Business Administration students.

Read more about Business Administration & Management at University of Illinois at Springfield

#5

Northern Illinois University

Dekalb, Illinois

You’ll join some of the best and brightest minds around if you attend Northern Illinois University. The school came in at #5 for the Best Value Business Administration Schools for a Bachelor’s in Illinois. Located in Dekalb, Illinois, this fairly large public school handed out 174 diplomas to qualified bachelors’s business administration students in 2019-2020.

NIU also made our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list, coming in at #9. The yearly cost to attend Northern Illinois University is $18,259 for illinois bachelor’s degree business administration students.

Read more about Business Administration & Management at Northern Illinois University

#6

DeVry University - Illinois

Chicago, Illinois

With a ranking of #6, DeVry University - Illinois did quite well on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois list. Located in Chicago, Illinois, this large private for-profit school handed out 890 degrees to qualified bachelors’s business administration students in 2019-2020.

As a testament to the quality of education offered at DeVry University - Illinois, the school also landed the #3 spot in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. It costs about $28,551 for illinois bachelor’s degree business administration students per year to attend DeVry University - Illinois.

Read full report on Business Administration & Management at DeVry University - Illinois

#7

Western Illinois University

Macomb, Illinois

Western Illinois University landed the #7 spot on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois ranking. WIU is a public institution located in Macomb, Illinois. The school has a medium-sized population, and it awarded 80 bachelors’s degrees in 2019-2020.

As a testament to the quality of education offered at WIU, the school also landed the #22 spot in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. The yearly cost to attend WIU is $16,210 for Illinois Bachelor’s Degree Business Administration students.

Read more about Business Administration & Management at Western Illinois University

#8

Governors State University

University Park, Illinois

Governors State University landed the #8 spot on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois ranking. Governors State University is a small public school situated in University Park, Illinois. It awarded 100 bachelors’s business administration degrees in 2019-2020.

The estimated yearly cost for Governors State University is $12,077 for illinois bachelor’s degree business administration students.

Read more about Business Administration & Management at Governors State University

#12 in overall quality

University of Illinois at Chicago came in at #9 in this year’s edition of the Best Value Business Administration Schools for a Bachelor’s in Illinois ranking. University of Illinois at Chicago is a public institution located in Chicago, Illinois. The school has a large population, and it awarded 56 bachelors’s degrees in 2019-2020.

In addition to being on our illinois bachelor’s degree business administration students list, UIC has also earned the #12 rank in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. It costs about $13,312 for Illinois Bachelor’s Degree Business Administration students per year to attend University of Illinois at Chicago.

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

#10

Eastern Illinois University

Charleston, Illinois

Eastern Illinois University landed the #10 spot on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois ranking. Charleston, Illinois is the setting for this medium-sized institution of higher learning. The public school handed out bachelors’s business administration degrees to 13 students in 2019-2020.

It costs about $14,607 for Illinois Bachelor’s Degree Business Administration students per year to attend Eastern Illinois University.

Read more about Business Administration & Management at EIU

#11

University of Phoenix - Illinois

Schaumburg, Illinois

University of Phoenix - Illinois ranked #11 on this year’s Best Value Business Administration Schools for a Bachelor’s in Illinois list. University of Phoenix - Illinois is located in Schaumburg, Illinois and, has a small student population. In 2019-2020, this school awarded 6 bachelors’s business administration degrees to qualified students.

The student-to-faculty ratio of to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Full UOPX - Illinois Business Administration & Management Report

Northeastern Illinois University did quite well in the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois ranking, coming in at #12. Northeastern Illinois University is a medium-sized school located in Chicago, Illinois that handed out 70 bachelors’s business administration degrees in 2019-2020.

The yearly cost to attend Northeastern Illinois University is $15,843 for illinois bachelor’s degree business administration students.

Read full report on Business Administration & Management at Northeastern Illinois University

Southern Illinois University Carbondale ranked #13 on this year’s Best Value Business Administration Schools for a Bachelor’s in Illinois list. SIUC is a fairly large school located in Carbondale, Illinois that handed out 29 bachelors’s business administration degrees in 2019-2020.

The yearly cost to attend Southern Illinois University Carbondale is $16,945 for illinois bachelor’s degree business administration students.

Read more about Business Administration & Management at Southern Illinois University Carbondale

#14

Lincoln College

Lincoln, Illinois

Lincoln College ranked #14 on this year’s Best Value Business Administration Schools for a Bachelor’s in Illinois list. Lincoln College is located in Lincoln, Illinois and, has a small student population. In 2019-2020, this school awarded 56 bachelors’s business administration degrees to qualified students.

The yearly cost to attend Lincoln College is $21,797 for Illinois Bachelor’s Degree Business Administration students.

Read more about Business Administration & Management at Lincoln College

#15

National Louis University

Chicago, Illinois

National Louis University landed the #15 spot on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois ranking. This medium-sized school is located in Chicago, Illinois, and it awarded 36 bachelors’s business administration degrees in 2019-2020.

The estimated yearly cost for NLU is $14,957 for illinois bachelor’s degree business administration students.

Read full report on Business Administration & Management at National Louis University

#16

Aurora University

Aurora, Illinois

Aurora University did quite well in the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois ranking, coming in at #16. Aurora, 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 128 students in 2019-2020.

Aurora did well in our major quality rankings, too. It placed #10 on our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list. The estimated yearly cost for Aurora is $17,215 for Illinois Bachelor’s Degree Business Administration students.

The low student loan default rate of 4.4% 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 full report on Business Administration & Management at Aurora

#17

Chicago State University

Chicago, Illinois

Chicago State University landed the #17 spot on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois ranking. Chicago State University is located in Chicago, Illinois and, has a small student population. In 2019-2020, this school awarded 48 bachelors’s business administration degrees to qualified students.

It costs about $11,733 for illinois bachelor’s degree business administration students per year to attend Chicago State University.

Since the school has a student-to-faculty ratio of 9 to 1, those pursuing a degree will have more opportunities to interact with their professors.

Read full report on Business Administration & Management at CSU

#18

Judson University

Elgin, Illinois

Judson University landed the #18 spot on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois ranking. Judson University is a small private not-for-profit school situated in Elgin, Illinois. It awarded 55 bachelors’s business administration degrees in 2019-2020.

Judson not only placed well in this ranking. It is also #13 on our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list. The yearly cost to attend Judson University is $18,737 for illinois bachelor’s degree business administration students.

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 Judson

#19

North Park University

Chicago, Illinois

North Park University landed the #19 spot on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois ranking. 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. It costs about $19,170 for Illinois Bachelor’s Degree Business Administration students per year to attend North Park.

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.

Full North Park Business Administration & Management Report

#20

Trinity Christian College

Palos Heights, Illinois

With a ranking of #20, Trinity Christian College did quite well on the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois list. This small school is located in Palos Heights, Illinois, and it awarded 9 bachelors’s business administration degrees in 2019-2020.

The estimated yearly cost for Trinity Christian College is $21,904 for Illinois Bachelor’s Degree Business Administration students.

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. The low student loan default rate of 5.0% 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 Trinity Christian College Business Administration & Management Report

#21

Eureka College

Eureka, Illinois

Eureka College ranked #21 on this year’s Best Value Business Administration Schools for a Bachelor’s in Illinois list. Eureka College is a private not-for-profit institution located in Eureka, Illinois. The school has a small population, and it awarded 34 bachelors’s degrees in 2019-2020.

The yearly cost to attend Eureka College is $21,344 for Illinois Bachelor’s Degree Business Administration students.

Read more about Business Administration & Management at Eureka College

#22

Lewis University

Romeoville, Illinois

Lewis University ranked #22 on this year’s Best Value Business Administration Schools for a Bachelor’s in Illinois list. Romeoville, 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 90 students in 2019-2020.

Lewis also took the #11 spot in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. The estimated yearly cost for Lewis is $18,664 for illinois bachelor’s degree business administration students.

The student loan default rate at the school is 3.6%, which is quite low when compared to the national default rate of 10.1%.

Full Lewis University Business Administration & Management Report

#23

Illinois College

Jacksonville, Illinois
#21 in overall quality

Illinois College came in at #23 in this year’s edition of the Best Value Business Administration Schools for a Bachelor’s in Illinois ranking. Illinois College is located in Jacksonville, Illinois and, has a small student population. In 2019-2020, this school awarded 51 bachelors’s business administration degrees to qualified students.

Illinois College did well in our major quality rankings, too. It placed #21 on our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list. It costs about $16,562 for Illinois Bachelor’s Degree Business Administration students per year to attend Illinois College.

Read full report on Business Administration & Management at Illinois College

#24

McKendree University

Lebanon, Illinois

McKendree University did quite well in the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois ranking, coming in at #24. Located in Lebanon, Illinois, this small private not-for-profit school handed out 50 diplomas to qualified bachelors’s business administration students in 2019-2020.

McKendree also made our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” list, coming in at #25. It costs about $19,844 for Illinois Bachelor’s Degree Business Administration students per year to attend McKendree.

Full McKendree University Business Administration & Management Report

#25

Bradley University

Peoria, Illinois

Bradley University did quite well in the 2022 Best Value Business Administration Schools for a Bachelor’s in Illinois ranking, coming in at #25. Bradley University is a medium-sized private not-for-profit school situated in Peoria, Illinois. It awarded 52 bachelors’s business administration degrees in 2019-2020.

Bradley also took the #8 spot in our “Best Business Administration & Management Bachelor’s Degree Schools in Illinois” ranking. The estimated yearly cost for Bradley University is $25,634 for illinois bachelor’s degree business administration students.

The school has an impressive student loan default rate. It’s only 2.5%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year.

Full Bradley University 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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