2022 Best Value Master’s Degree Colleges for Business Economics in Illinois

With all of the options students have for higher education today, it can be tough to choose which direction to take. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Business Economics Schools for a Master’s in Illinois” ranking - to help you make that decision.

In 2019-2020, 6,169 people earned their degree in business economics, making the major the 121st most popular in the United States.

Across Illinois, there were 271 business economics graduates with average earnings and debt of $0 and $0 respectively. At the master’s degree level specifically, there were 5 business economics graduates with average earnings and debt of $57,267 and $46,814 respectively.

The schools that top this list are recognized because they have great business economics programs and cost less that schools of similar quality.

When determining these rankings, we looked at things such as overall quality of the business economics program at the school and the cost to attend the school once aid has been awarded. For more information, check out our ranking methodology.

More Ways to Rank Business Economics Schools

When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Best Value Business Economics Schools for a Master’s in Illinois” list to help you make the college decision.

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. When you have some time, check it out - you may want to bookmark the link so you don’t forget it.

Best Value Business Economics Schools for a Master’s in Illinois

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

Top 1 Best Value Master’s Degree Colleges for Business Economics in Illinois

#1

Northwestern University

Evanston, Illinois

#1 in overall quality

$56,567 Avg Grad Tuition & Fees

Out of the 1 schools in the Best Value Business Economics Schools for a Master’s in Illinois that were part of this year’s ranking, Northwestern University landed the #1 spot on the list. Northwestern is a large school located in Evanston, Illinois that handed out 5 masters’s business economics degrees in 2019-2020.

Northwestern did well in our major quality rankings, too. It placed #1 on our “Best Business Economics 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 Northwestern University are $56,567.

Full Northwestern Business Economics Report

• Best Value Master’s Degree Colleges for Business Economics in the Great Lakes Region
• Best Value Master’s Degree Colleges for Business Economics

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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