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2023 Most Focused Master’s Degree Colleges for Business Administration & Management in Illinois

43 Ranked Colleges
6,404 Degrees Awarded
$71,215 Avg Salary
Schools for a Master's Highly Focused on Business Administration Major 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 “Schools for a Master’s Highly Focused on Business Administration Major 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 2020-2021, 416,590 degrees were awarded to students with this major. In 2019-2020, business administration and management graduates who were awarded their degree in 2017-2019, earned an average of $48,927 and had an average of $25,277 in loans still to pay off.

Across Illinois, there were 13,789 business administration and management graduates with average earnings and debt of $55,467 and $25,786 respectively. At the master’s degree level specifically, there were 6,404 business administration and management graduates with average earnings and debt of $59,317 and $0 respectively.

This year’s “Schools for a Master’s Highly Focused on Business Administration Major in Illinois” ranking analyzed 43 colleges that offered a degree in business administration and management. The colleges and universities that top this list are recognized because their business administration and management program is one of the largest majors offered at the school.

See our ranking methodology to learn more.

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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Schools for a Master’s Highly Focused on Business Administration Major in Illinois” list, to help you choose the best school for you.

You can create your own custom comparison that focuses on the factors most important to you using our tool, College Combat. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.

Schools for a Master’s Highly Focused on Business Administration Major in Illinois

The following schools top our list of the Best “Schools for a Master’s Highly Focused on Business Administration Major in Illinois”.

Top 25 Most Focused Master’s Degree Colleges for Business Administration & Management in Illinois

1

Out of the 43 schools in the Schools for a Master’s Highly Focused on Business Administration Major in Illinois that were part of this year’s ranking, Lake Forest Graduate School of Management landed the #1 spot on the list. Lake Forest Graduate School of Management is located in Lake Forest, Illinois and, has a small student population. In 2020-2021, this school awarded 122 masters’s business administration degrees to qualified students.

The undergraduate student-to-faculty ratio of 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 Lake Forest Graduate School of Management

2
DeVry University - Illinois crest
DeVry University - Illinois
Chicago, Illinois

You’ll be in good company if you decide to attend DeVry University - Illinois. It ranked #2 on our 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois list. Located in Chicago, Illinois, this large private for-profit school handed out 921 degrees to qualified masters’s business administration students in 2020-2021.

Full DeVry University - Illinois Business Administration & Management Report

3

You’ll be in good company if you decide to attend Lincoln Christian University. It ranked #3 on our 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois list. This small school is located in Lincoln, Illinois, and it awarded 24 masters’s business administration degrees in 2020-2021.

The undergrad student loan default rate at the school is 5.0%, which is quite low when compared to the national default rate of 10.1%.

Full Lincoln Christian University Business Administration & Management Report

4
Rockford crest
Rockford University
Rockford, Illinois

You’ll join some of the best and brightest minds around if you attend Rockford University. The school came in at #4 for the Schools for a Master’s Highly Focused on Business Administration Major in Illinois. Rockford, 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 39 students in 2020-2021.

The impressive undergraduate 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.

Full Rockford Business Administration & Management Report

5
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Judson University
Elgin, Illinois

You’ll be in good company if you decide to attend Judson University. It ranked #5 on our 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois list. Located in Elgin, Illinois, this small private not-for-profit school handed out 35 diplomas to qualified masters’s business administration students in 2020-2021.

The school has an impressive undergrad student loan default rate. It’s only 4.3%, which is much lower than the national rate of 10.1%. With a undergrad 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

6
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McKendree University
Lebanon, Illinois

McKendree University ranked #6 on this year’s Schools for a Master’s Highly Focused on Business Administration Major in Illinois list. McKendree University is a private not-for-profit institution located in Lebanon, Illinois. The school has a small population, and it awarded 77 masters’s degrees in 2020-2021.

The undergrad student loan default rate at the school is 4.5%, which is quite low when compared to the national default rate of 10.1%.

Full McKendree University Business Administration & Management Report

7
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Benedictine University
Lisle, Illinois

Benedictine University landed the #7 spot on the 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois ranking. This small school is located in Lisle, Illinois, and it awarded 214 masters’s business administration degrees in 2020-2021.

The low undergrad student loan default rate of 4.9% 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 Benedictine University

8
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Quincy University
Quincy, Illinois

Quincy University did quite well in the 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois ranking, coming in at #8. Quincy, 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 25 students in 2020-2021.

Read full report on Business Administration & Management at Quincy U

9
DePaul crest
DePaul University
Chicago, Illinois

DePaul University came in at #9 in this year’s edition of the Schools for a Master’s Highly Focused on Business Administration Major in Illinois ranking. DePaul is located in Chicago, Illinois and, has a large student population. In 2020-2021, this school awarded 586 masters’s business administration degrees to qualified students.

The undergrad student loan default rate at the school is 3.7%, which is quite low when compared to the national default rate of 10.1%.

Read more about Business Administration & Management at DePaul

10
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Concordia University, Chicago
River Forest, Illinois

Concordia University, Chicago landed the #10 spot on the 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois ranking. Concordia University, Chicago is a medium-sized private not-for-profit school situated in River Forest, Illinois. It awarded 183 masters’s business administration degrees in 2020-2021.

The undergrad student loan default rate at the school is 3.1%, which is quite low when compared to the national default rate of 10.1%.

Read more about Business Administration & Management at Concordia University, Chicago

11
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North Park University
Chicago, Illinois

North Park University ranked #11 on this year’s Schools for a Master’s Highly Focused on Business Administration Major in Illinois list. North Park University is a private not-for-profit institution located in Chicago, Illinois. The school has a small population, and it awarded 64 masters’s degrees in 2020-2021.

The school has an impressive undergrad student loan default rate. It’s only 4.4%, which is much lower than the national rate of 10.1%. Since the school has a undergrad 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

12
Lewis crest
Lewis University
Romeoville, Illinois

Lewis University ranked #12 on this year’s Schools for a Master’s Highly Focused on Business Administration Major in Illinois list. Lewis University is a medium-sized school located in Romeoville, Illinois that handed out 144 masters’s business administration degrees in 2020-2021.

The low undergrad student loan default rate of 2.0% 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%.

Read more about Business Administration & Management at Lewis University

13
Greenville crest
Greenville University
Greenville, Illinois

Greenville University came in at #13 in this year’s edition of the Schools for a Master’s Highly Focused on Business Administration Major in Illinois ranking. Greenville, 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 25 students in 2020-2021.

The low undergrad student loan default rate of 4.9% 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 undergrad student-to-faculty ratio of 10 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.

Read more about Business Administration & Management at Greenville

14
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Elmhurst University
Elmhurst, Illinois

Elmhurst University ranked #14 on this year’s Schools for a Master’s Highly Focused on Business Administration Major in Illinois list. Located in Elmhurst, Illinois, this small private not-for-profit school handed out 76 diplomas to qualified masters’s business administration students in 2020-2021.

The undergrad student loan default rate at the school is 3.2%, which is quite low when compared to the national default rate of 10.1%.

Read more about Business Administration & Management at Elmhurst University

15
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Roosevelt University
Chicago, Illinois

Roosevelt University landed the #15 spot on the 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois ranking. This small school is located in Chicago, Illinois, and it awarded 118 masters’s business administration degrees in 2020-2021.

Read more about Business Administration & Management at Roosevelt University

16

University of Illinois at Urbana-Champaign landed the #16 spot on the 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois ranking. UIUC is a public institution located in Champaign, Illinois. The school has a large population, and it awarded 1,079 masters’s degrees in 2020-2021.

The low undergrad student loan default rate of 2.3% 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%. The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year.

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

17
Aurora crest
Aurora University
Aurora, Illinois

Aurora University did quite well in the 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois ranking, coming in at #17. Aurora University is a private not-for-profit institution located in Aurora, Illinois. The school has a medium-sized population, and it awarded 125 masters’s degrees in 2020-2021.

The school has an impressive undergrad student loan default rate. It’s only 4.2%, which is much lower than the national rate of 10.1%.

Full Aurora Business Administration & Management Report

18
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University of St Francis
Joliet, Illinois

University of St Francis landed the #18 spot on the 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois ranking. Joliet, 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 57 students in 2020-2021.

The low undergrad student loan default rate of 2.8% 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 Saint Francis

19
Dominican U crest
Dominican University
River Forest, Illinois

Dominican University did quite well in the 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois ranking, coming in at #19. Located in River Forest, Illinois, this small private not-for-profit school awarded 46 degrees to qualified masters’s business administration students in 2020-2021.

The impressive undergraduate 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. The undergrad 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 Dominican U

20
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Millikin University
Decatur, Illinois

Millikin University ranked #20 on this year’s Schools for a Master’s Highly Focused on Business Administration Major in Illinois list. Located in Decatur, Illinois, this small private not-for-profit school handed out 27 degrees to qualified masters’s business administration students in 2020-2021.

The undergraduate 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

21
Northwestern crest
Northwestern University
Evanston, Illinois

Northwestern University ranked #21 on this year’s Schools for a Master’s Highly Focused on Business Administration Major in Illinois list. This large school is located in Evanston, Illinois, and it awarded 465 masters’s business administration degrees in 2020-2021.

The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. The undergrad student loan default rate at the school is 0.6%, which is quite low when compared to the national default rate of 10.1%. The impressive undergraduate 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 University Business Administration & Management Report

22
Olivet Nazarene crest
Olivet Nazarene University
Bourbonnais, Illinois

Olivet Nazarene University ranked #22 on this year’s Schools for a Master’s Highly Focused on Business Administration Major in Illinois list. Olivet Nazarene is a private not-for-profit institution located in Bourbonnais, Illinois. The school has a small population, and it awarded 66 masters’s degrees in 2020-2021.

The low undergrad student loan default rate of 2.7% 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

23

With a ranking of #23, Southern Illinois University Edwardsville did quite well on the 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois list. This fairly large school is located in Edwardsville, Illinois, and it awarded 143 masters’s business administration degrees in 2020-2021.

Full Southern Illinois University Edwardsville Business Administration & Management Report

24
SXU crest
Saint Xavier University
Chicago, Illinois

Saint Xavier University did quite well in the 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois ranking, coming in at #24. Saint Xavier University is a private not-for-profit institution located in Chicago, Illinois. The school has a small population, and it awarded 41 masters’s degrees in 2020-2021.

Full SXU Business Administration & Management Report

25
North Central crest
North Central College
Naperville, Illinois

North Central College did quite well in the 2023 Schools for a Master’s Highly Focused on Business Administration Major in Illinois ranking, coming in at #25. Located in Naperville, Illinois, this small private not-for-profit school handed out 35 diplomas to qualified masters’s business administration students in 2020-2021.

The undergrad 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 North Central College Business Administration & Management Report

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