2022 Best Value General Business Schools for a Master’s in Illinois

When pursuing a degree in today’s world, students have many different options to choose from. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value General Business Schools for a Master’s in Illinois” ranking.

General Business/Commerce is one of the most popular majors in the nation, ranking 9th of all the majors we analyze. In 2019-2020, 55,749 degrees were awarded to students with this major.

Across Illinois, there were 1,741 general business/commerce graduates with average earnings and debt of $0 and $0 respectively. At the master’s degree level specifically, there were 1,064 general business/commerce graduates with average earnings and debt of $57,267 and $46,814 respectively.

For this year’s “Best Value General Business Schools for a Master’s in Illinois” ranking, we looked at 2 colleges that offer a degree in general business/commerce. This ranking identifies schools with high-quality general business/commerce 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 general business/commerce 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 General Business/Commerce Schools

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

One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important 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 General Business Schools for a Master’s in Illinois

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

Top 2 Best Value Master’s Degree Colleges for General Business/Commerce in Illinois

#1

Northwestern University

Evanston, Illinois

#1 in overall quality

$56,567 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #1 for the Best Value General Business Schools for a Master’s in Illinois. Evanston, Illinois is the setting for this large institution of higher learning. The private not-for-profit school handed out masters’s general business degrees to 1,048 students in 2019-2020.

Northwestern not only placed well in this ranking. It is also #1 on our “Best General Business/Commerce Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at Northwestern University are $56,567, but you may pay more or less depending on your major.

Read more about General Business/Commerce at Northwestern

#2

University of Chicago

Chicago, Illinois

#2 in overall quality

$61,548 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend University of Chicago. The school came in at #2 for the Best Value General Business Schools for a Master’s in Illinois. University of Chicago is a fairly large school located in Chicago, Illinois that handed out 11 masters’s general business degrees in 2019-2020.

UChicago not only placed well in this ranking. It is also #2 on our “Best General Business/Commerce Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at UChicago are $61,548, but some majors have different tuition rates.

Read more about General Business/Commerce at University of Chicago

• Best Value Master’s Degree Colleges for General Business/Commerce in the Great Lakes Region
• Best Value Master’s Degree Colleges for General Business/Commerce

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.

Credits

• Credit for the banner image above goes to U.S. Consulate General Munich.

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