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2022 Best Value Master’s Degree Colleges for Finance & Financial Management in the Great Lakes Region

28 Ranked Colleges
662 Degrees Awarded
$18,100 Avg Grad Tuition & Fees*
Best Value Finance Schools for a Master's in the Great Lakes Region

It’s not easy to decide which college to attend when there so many options available for students. 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 Finance Schools for a Master’s in the Great Lakes Region” ranking is part of that endeavor.

Finance & Financial Management is the 14th most popular major in the country with 57,893 degrees awarded in 2019-2020. In 2017-2018, finance and financial management graduates who were awarded their degree in 2015-2017, earned an average of $51,578 and had an average of $26,517 in loans still to pay off.

Across the Great Lakes region, there were 9,731 finance and financial management graduates with average earnings and debt of $49,693 and $25,751 respectively. At the master’s degree level specifically, there were 662 finance and financial management graduates with average earnings and debt of $57,039 and $42,488 respectively.

For this year’s “Best Value Finance Schools for a Master’s in the Great Lakes Region” ranking, we looked at 28 colleges that offer a degree in finance and financial management. This ranking identifies schools with high-quality finance and financial management programs that also have a lower cost than schools of similar quality.

Some of the factors we look at when determining these rankings are overall quality of the finance and financial management program at the school and the cost of the school after aid is awarded among other things. Check out our ranking methodology for more information.

One Size Does Not Fit All

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 Finance Schools for a Master’s in the Great Lakes Region” list to help you make the college decision.

We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.

Best Value Finance Schools for a Master’s in the Great Lakes Region

The colleges and universities below are the best for great lakes region master’s degree finance students.

Top 25 Best Value Master’s Degree Colleges for Finance & Financial Management in the Great Lakes Region

#1

Xavier University

Cincinnati, Ohio

You’ll join some of the best and brightest minds around if you attend Xavier University. The school came in at #1 for the Best Value Finance Schools for a Master’s in the Great Lakes Region. Located in Cincinnati, Ohio, this medium-sized private not-for-profit school handed out 30 degrees to qualified masters’s finance students in 2019-2020.

Xavier not only placed well in this ranking. It is also #7 on our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Xavier are $12,076, but some majors have different tuition rates.

Read full report on Finance & Financial Management at Xavier University

Out of the 28 schools in the Best Value Finance Schools for a Master’s in the Great Lakes Region that were part of this year’s ranking, University of Wisconsin - Madison landed the #2 spot on the list. Madison, Wisconsin is the setting for this large institution of higher learning. The public school handed out masters’s finance degrees to 27 students in 2019-2020.

UW - Madison also made our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” list, coming in at #3. Average graduate tuition and fees at UW - Madison are $25,523, but you may pay more or less depending on your major.

Read full report on Finance & Financial Management at UW - Madison

#3

Concordia University, Chicago

River Forest, Illinois
#16 in overall quality

Out of the 28 schools in the Best Value Finance Schools for a Master’s in the Great Lakes Region that were part of this year’s ranking, Concordia University, Chicago landed the #3 spot on the list. Concordia University, Chicago is located in River Forest, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 15 masters’s finance degrees to qualified students.

Concordia University, Chicago also took the #16 spot in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Concordia University, Chicago are $9,378, but you may pay more or less depending on your major.

Read more about Finance & Financial Management at Concordia University, Chicago

#4

University of Dayton

Dayton, Ohio
#6 in overall quality

You’ll be in good company if you decide to attend University of Dayton. It ranked #4 on our 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region list. University of Dayton is located in Dayton, Ohio and, has a fairly large student population. In 2019-2020, this school awarded 18 masters’s finance degrees to qualified students.

UDayton also took the #6 spot in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UDayton are $17,780.

Read more about Finance & Financial Management at UDayton

#5

Northern Illinois University

Dekalb, Illinois
#15 in overall quality

Out of the 28 schools in the Best Value Finance Schools for a Master’s in the Great Lakes Region that were part of this year’s ranking, Northern Illinois University landed the #5 spot on the list. This fairly large school is located in Dekalb, Illinois, and it awarded 1 masters’s finance degrees in 2019-2020.

NIU also took the #15 spot in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at NIU are $11,086, but you may pay more or less depending on your major.

Full NIU Finance & Financial Management Report

#6

Purdue University Global

Indianapolis, Indiana

Purdue University Global ranked #6 on this year’s Best Value Finance Schools for a Master’s in the Great Lakes Region list. Located in Indianapolis, Indiana, this large public school handed out 27 degrees to qualified masters’s finance students in 2019-2020.

Purdue University Global did well in our major quality rankings, too. It placed #25 on our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Purdue University Global are $10,674, but some majors have different tuition rates.

Read full report on Finance & Financial Management at Purdue University Global

#6

Saint Xavier University

Chicago, Illinois

Saint Xavier University landed the #6 spot on the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region ranking. SXU is located in Chicago, Illinois and, has a small student population. In 2019-2020, this school awarded 20 masters’s finance degrees to qualified students.

SXU also took the #11 spot in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at SXU are $15,450, but you may pay more or less depending on your major.

Full SXU Finance & Financial Management Report

Concordia University, Wisconsin landed the #8 spot on the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region ranking. This medium-sized school is located in Mequon, Wisconsin, and it awarded 14 masters’s finance degrees in 2019-2020.

Concordia University, Wisconsin also took the #18 spot in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Concordia University, Wisconsin are $11,460, but some majors have different tuition rates.

Read full report on Finance & Financial Management at Concordia University, Wisconsin

#8 in overall quality

With a ranking of #9, Ohio University - Athens Campus did quite well on the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region list. OHIO Athens is located in Athens, Ohio and, has a large student population. In 2019-2020, this school awarded 3 masters’s finance degrees to qualified students.

In addition to being on our great lakes region master’s degree finance students list, OHIO Athens has also earned the #8 rank in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Ohio University - Athens Campus are $17,712, but you may pay more or less depending on your major.

Read full report on Finance & Financial Management at OHIO Athens

#10

Walsh College

Troy, Michigan

Walsh College ranked #10 on this year’s Best Value Finance Schools for a Master’s in the Great Lakes Region list. Walsh is a small school located in Troy, Michigan that handed out 23 masters’s finance degrees in 2019-2020.

In addition to being on our great lakes region master’s degree finance students list, Walsh has also earned the #19 rank in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Walsh College are $13,100, but you may pay more or less depending on your major.

Full Walsh College Finance & Financial Management Report

#17 in overall quality

University of Akron Main Campus did quite well in the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region ranking, coming in at #11. Akron, Ohio is the setting for this fairly large institution of higher learning. The public school handed out masters’s finance degrees to 5 students in 2019-2020.

In addition to being on our great lakes region master’s degree finance students list, University of Akron Main Campus has also earned the #17 rank in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at University of Akron Main Campus are $15,217, but some majors have different tuition rates.

Full University of Akron Main Campus Finance & Financial Management Report

#12

Tiffin University

Tiffin, Ohio
#22 in overall quality

Tiffin University landed the #12 spot on the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region ranking. Tiffin University is a small school located in Tiffin, Ohio that handed out 23 masters’s finance degrees in 2019-2020.

As a testament to the quality of education offered at Tiffin University, the school also landed the #22 spot in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Tiffin University are $13,000, but some majors have different tuition rates.

Full Tiffin University Finance & Financial Management Report

#13

Lewis University

Romeoville, Illinois
#21 in overall quality

Lewis University did quite well in the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region ranking, coming in at #13. Romeoville, Illinois is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out masters’s finance degrees to 1 students in 2019-2020.

Lewis also took the #21 spot in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Lewis University are $14,780.

Full Lewis University Finance & Financial Management Report

#24 in overall quality

Indiana Wesleyan University - National & Global landed the #14 spot on the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region ranking. Indiana Wesleyan University - National & Global is a fairly large private not-for-profit school situated in Marion, Indiana. It awarded 13 masters’s finance degrees in 2019-2020.

IWU also took the #24 spot in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Indiana Wesleyan University - National & Global are $11,977, but you may pay more or less depending on your major.

Read full report on Finance & Financial Management at Indiana Wesleyan University - National & Global

University of Michigan - Dearborn did quite well in the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region ranking, coming in at #15. University of Michigan - Dearborn is located in Dearborn, Michigan and, has a medium-sized student population. In 2019-2020, this school awarded 17 masters’s finance degrees to qualified students.

UM Dearborn did well in our major quality rankings, too. It placed #13 on our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Michigan - Dearborn are $25,072.

Read full report on Finance & Financial Management at UM Dearborn

#16

Benedictine University

Lisle, Illinois
#20 in overall quality

Benedictine University came in at #16 in this year’s edition of the Best Value Finance Schools for a Master’s in the Great Lakes Region ranking. Benedictine University is a private not-for-profit institution located in Lisle, Illinois. The school has a small population, and it awarded 1 masters’s degrees in 2019-2020.

As a testament to the quality of education offered at Benedictine U, the school also landed the #20 spot in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” 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 U Finance & Financial Management Report

#17

Cornerstone University

Grand Rapids, Michigan

Cornerstone University did quite well in the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region ranking, coming in at #17. Cornerstone University is located in Grand Rapids, Michigan and, has a small student population. In 2019-2020, this school awarded 9 masters’s finance degrees to qualified students.

Average graduate tuition and fees at Cornerstone University are $14,710, but some majors have different tuition rates.

Read more about Finance & Financial Management at Cornerstone

#18

Cleary University

Howell, Michigan
#23 in overall quality

Cleary University ranked #18 on this year’s Best Value Finance Schools for a Master’s in the Great Lakes Region list. Cleary College is a private not-for-profit institution located in Howell, Michigan. The school has a small population, and it awarded 1 masters’s degrees in 2019-2020.

In addition to being on our great lakes region master’s degree finance students list, Cleary College has also earned the #23 rank in our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Cleary University are $16,538, but some majors have different tuition rates.

Read more about Finance & Financial Management at Cleary College

#19

University of Toledo

Toledo, Ohio

University of Toledo landed the #19 spot on the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region ranking. University of Toledo is located in Toledo, Ohio and, has a fairly large student population. In 2019-2020, this school awarded 63 masters’s finance degrees to qualified students.

University of Toledo also made our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” list, coming in at #10. Average graduate tuition and fees at University of Toledo are $27,067, but you may pay more or less depending on your major.

Read more about Finance & Financial Management at University of Toledo

#12 in overall quality

University of Illinois at Chicago ranked #20 on this year’s Best Value Finance Schools for a Master’s in the Great Lakes Region list. UIC is a large school located in Chicago, Illinois that handed out 3 masters’s finance degrees in 2019-2020.

UIC did well in our major quality rankings, too. It placed #12 on our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at UIC are $27,036, but some majors have different tuition rates.

Full UIC Finance & Financial Management Report

#21

Eastern Michigan University

Ypsilanti, Michigan

With a ranking of #21, Eastern Michigan University did quite well on the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region list. Eastern Michigan is a public institution located in Ypsilanti, Michigan. The school has a fairly large population, and it awarded 17 masters’s degrees in 2019-2020.

Eastern Michigan also made our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” list, coming in at #14. Average graduate tuition and fees at Eastern Michigan are $26,552, but you may pay more or less depending on your major.

Read more about Finance & Financial Management at Eastern Michigan University

#22

Baker College

Owosso, Michigan

Baker College came in at #22 in this year’s edition of the Best Value Finance Schools for a Master’s in the Great Lakes Region ranking. This medium-sized school is located in Owosso, Michigan, and it awarded 6 masters’s finance degrees in 2019-2020.

Average graduate tuition and fees at Baker College are $12,710, but some majors have different tuition rates.

Read full report on Finance & Financial Management at Baker College

#23

Michigan State University

East Lansing, Michigan
#5 in overall quality

Michigan State University came in at #23 in this year’s edition of the Best Value Finance Schools for a Master’s in the Great Lakes Region ranking. This large school is located in East Lansing, Michigan, and it awarded 30 masters’s finance degrees in 2019-2020.

Michigan State did well in our major quality rankings, too. It placed #5 on our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Michigan State University are $37,056, but you may pay more or less depending on your major.

Read more about Finance & Financial Management at Michigan State

#24

Davenport University

Grand Rapids, Michigan

With a ranking of #24, Davenport University did quite well on the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region list. Davenport University is a medium-sized private not-for-profit school situated in Grand Rapids, Michigan. It awarded 1 masters’s finance degrees in 2019-2020.

Average graduate tuition and fees at Davenport University are $16,636, but you may pay more or less depending on your major.

Full Davenport University Finance & Financial Management Report

#9 in overall quality

Illinois Institute of Technology did quite well in the 2022 Best Value Finance Schools for a Master’s in the Great Lakes Region ranking, coming in at #25. Illinois Institute of Technology is a medium-sized school located in Chicago, Illinois that handed out 38 masters’s finance degrees in 2019-2020.

Illinois Tech not only placed well in this ranking. It is also #9 on our “Best Finance & Financial Management Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Illinois Tech are $30,695, but you may pay more or less depending on your major.

Read more about Finance & Financial Management at Illinois Tech

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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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