2022 Best Value Master’s Degree Colleges for Business Administration & Management in Illinois
Students have lots of options to chooose from today when trying to decide which college to attend. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Business Administration Schools for a Master’s in Illinois” ranking is part of that endeavor.
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.
This year’s “Best Value Business Administration Schools for a Master’s in Illinois” ranking analyzed 37 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. For more information, check out our ranking methodology.
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More Ways to Rank Business Administration & Management Schools
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 Master’s in Illinois”.
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. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.
Best Value Business Administration Schools for a Master’s in Illinois
The following schools top our list of the Best Best Value Business Administration Schools for a Master’s in Illinois.
Top 25 Best Value Master’s Degree Colleges for Business Administration & Management in Illinois
Out of the 37 schools in the Best Value Business Administration Schools for a Master’s in Illinois that were part of this year’s ranking, University of Illinois at Urbana-Champaign landed the #1 spot on the list. UIUC is a large public school situated in Champaign, Illinois. It awarded 695 masters’s business administration degrees in 2019-2020.
As a testament to the quality of education offered at UIUC, the school also landed the #2 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at UIUC are $30,083, but some majors have different tuition rates.
Read full report on Business Administration & Management at UIUC
You’ll join some of the best and brightest minds around if you attend Illinois State University. The school came in at #2 for the Best Value Business Administration Schools for a Master’s in Illinois. Illinois State University is a public institution located in Normal, Illinois. The school has a large population, and it awarded 104 masters’s degrees in 2019-2020.
Illinois State also made our “Best Business Administration & Management Master’s Degree Schools in Illinois” list, coming in at #9. Average graduate tuition and fees at Illinois State are $11,069, but you may pay more or less depending on your major.
Read more about Business Administration & Management at Illinois State
You’ll be in good company if you decide to attend Concordia University, Chicago. It ranked #3 on our 2022 Best Value Business Administration Schools for a Master’s in Illinois list. Concordia University, Chicago is located in River Forest, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 182 masters’s business administration degrees to qualified students.
In addition to being on our illinois master’s degree business administration students list, Concordia University, Chicago has also earned the #14 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 Concordia University, Chicago are $9,378.
Full Concordia University, Chicago Business Administration & Management Report
You’ll be in good company if you decide to attend Northern Illinois University. It ranked #4 on our 2022 Best Value Business Administration Schools for a Master’s in Illinois list. NIU is a public institution located in Dekalb, Illinois. The school has a fairly large population, and it awarded 146 masters’s degrees in 2019-2020.
NIU also took the #13 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northern Illinois University are $11,086, but you may pay more or less depending on your major.
Read full report on Business Administration & Management at NIU
Out of the 37 schools in the Best Value Business Administration Schools for a Master’s in Illinois that were part of this year’s ranking, Bradley University landed the #5 spot on the 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.
Bradley also took the #6 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 Bradley are $17,040.
Read more about Business Administration & Management at Bradley University
Lewis University came in at #6 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois ranking. Located in Romeoville, Illinois, this medium-sized private not-for-profit school awarded 160 degrees to qualified masters’s business administration students in 2019-2020.
Lewis also made our “Best Business Administration & Management Master’s Degree Schools in Illinois” list, coming in at #11. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Lewis are $14,780.
Read full report on Business Administration & Management at Lewis
With a ranking of #7, Aurora University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois list. Aurora University is located in Aurora, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 146 masters’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 Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Aurora University are $13,200, but some majors have different tuition rates.
Full Aurora University Business Administration & Management Report
Southern Illinois University Edwardsville landed the #8 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois ranking. SIUE is a fairly large school located in Edwardsville, Illinois that handed out 80 masters’s business administration degrees in 2019-2020.
Average graduate tuition and fees at SIUE are $9,300, but you may pay more or less depending on your major.
Read full report on Business Administration & Management at SIUE
With a ranking of #9, McKendree University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois list. McKendree is a small school located in Lebanon, Illinois that handed out 61 masters’s business administration degrees in 2019-2020.
Average graduate tuition and fees at McKendree University are $9,324, but some majors have different tuition rates.
Full McKendree University Business Administration & Management Report
Western Illinois University came in at #10 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois ranking. This medium-sized school is located in Macomb, Illinois, and it awarded 36 masters’s business administration degrees in 2019-2020.
WIU did well in our major quality rankings, too. It placed #23 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at WIU are $11,996, but some majors have different tuition rates.
Read full report on Business Administration & Management at WIU
With a ranking of #11, University of St Francis did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois list. University of Saint Francis is located in Joliet, Illinois and, has a small student population. In 2019-2020, this school awarded 55 masters’s business administration degrees to qualified students.
University of Saint Francis not only placed well in this ranking. It is also #21 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. 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.
Read more about Business Administration & Management at University of St Francis
DeVry University - Illinois came in at #12 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois ranking. DeVry University - Illinois is a private for-profit institution located in Chicago, Illinois. The school has a large population, and it awarded 952 masters’s degrees in 2019-2020.
In addition to being on our illinois master’s degree business administration students list, DeVry University - Illinois has also earned the #7 rank in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at DeVry University - Illinois are $17,552, but some majors have different tuition rates.
Read more about Business Administration & Management at DeVry University - Illinois
With a ranking of #13, DePaul University did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois list. DePaul University is a large private not-for-profit school situated in Chicago, Illinois. It awarded 418 masters’s business administration degrees in 2019-2020.
DePaul also took the #4 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 DePaul University are $19,760.
Read more about Business Administration & Management at DePaul University
Loyola University Chicago came in at #14 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois ranking. Chicago, Illinois is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out masters’s business administration degrees to 144 students in 2019-2020.
Loyola Chicago not only placed well in this ranking. It is also #5 on our “Best Business Administration & Management Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Loyola University Chicago are $19,154, but some majors have different tuition rates.
Full Loyola University Chicago Business Administration & Management Report
Olivet Nazarene University landed the #15 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois ranking. Bourbonnais, 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 70 students in 2019-2020.
In addition to being on our illinois master’s degree business administration students list, Olivet Nazarene has also earned the #24 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 Olivet Nazarene are $13,393.
Read more about Business Administration & Management at Olivet Nazarene
University of Illinois at Chicago came in at #16 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois ranking. University of Illinois at Chicago is a large school located in Chicago, Illinois that handed out 198 masters’s business administration degrees in 2019-2020.
As a testament to the quality of education offered at UIC, the school also landed the #10 spot in our “Best Business Administration & Management Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at University of Illinois at Chicago are $27,036, but you may pay more or less depending on your major.
Read full report on Business Administration & Management at University of Illinois at Chicago
North Park University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois ranking, coming in at #17. 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. Average graduate tuition and fees at North Park University are $14,076, but some majors have different tuition rates.
Read full report on Business Administration & Management at North Park
Benedictine University did quite well in the 2022 Best Value Business Administration Schools for a Master’s in Illinois ranking, coming in at #18. Benedictine U is a private not-for-profit institution located in Lisle, Illinois. The school has a small population, and it awarded 243 masters’s degrees in 2019-2020.
As a testament to the quality of education offered at Benedictine U, the school also landed the #12 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 Benedictine University are $19,709.
Full Benedictine University Business Administration & Management Report
With a ranking of #19, North Central College did quite well on the 2022 Best Value Business Administration Schools for a Master’s in Illinois list. Located in Naperville, Illinois, this small private not-for-profit school awarded 28 degrees to qualified masters’s business administration students in 2019-2020.
North Central also took the #20 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 North Central College are $15,822.
Read more about Business Administration & Management at North Central College
University of Illinois at Springfield landed the #20 spot on the 2022 Best Value Business Administration Schools for a Master’s in Illinois ranking. UIS is a small public school situated in Springfield, Illinois. It awarded 35 masters’s business administration degrees in 2019-2020.
Average graduate tuition and fees at UIS are $16,757, but you may pay more or less depending on your major.
Full University of Illinois at Springfield Business Administration & Management Report
Eastern Illinois University came in at #21 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois ranking. EIU is a public institution located in Charleston, Illinois. The school has a medium-sized population, and it awarded 36 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 Eastern Illinois University are $20,761.
Full Eastern Illinois University Business Administration & Management Report
Judson University came in at #22 in this year’s edition of the Best Value Business Administration Schools for a Master’s in Illinois ranking. Judson 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 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
Governors State University ranked #23 on this year’s Best Value Business Administration Schools for a Master’s in Illinois list. Located in University Park, Illinois, this small public school handed out 23 diplomas to qualified masters’s business administration students in 2019-2020.
Average graduate tuition and fees at Governors State University are $14,674, but you may pay more or less depending on your major.
Read full report on Business Administration & Management at Governors State University
Rockford University ranked #24 on this year’s Best Value Business Administration Schools for a Master’s in Illinois list. Rockford University is a private not-for-profit institution located in Rockford, Illinois. The school has a small population, and it awarded 29 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 Rockford are $13,255.
Full Rockford University Business Administration & Management Report
Quincy University ranked #25 on this year’s Best Value Business Administration Schools for a Master’s in Illinois list. This small school is located in Quincy, Illinois, and it awarded 14 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 Quincy U are $12,000.
Full Quincy 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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