2022 Best Value Master’s Degree Colleges for General Business/Commerce (Income $30-$48k) in Illinois

It’s not easy to decide which college to attend when there so many options available for students. College Factual has developed its “Best Value General Business Schools for a Master’s in Illinois For Those Making $30-$48k” ranking as one item you can use to help make this decision.

General Business/Commerce is the 13th most popular major in the country with 55,749 degrees awarded in 2019-2020. In 2017-2018, general business/commerce graduates who were awarded their degree in 2015-2017, earned an average of $40,821 and had an average of $25,596 in loans still to pay off.

Across Illinois, there were 1,741 general business/commerce graduates with average earnings and debt of $48,327 and $32,259 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.

This year’s “Best Value General Business Schools for a Master’s in Illinois For Those Making $30-$48k” ranking analyzed 3 colleges that offered a degree in general business/commerce. The schools that top this list are recognized because they have great general business/commerce 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 general business/commerce 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 General Business Schools for a Master’s in Illinois For Those Making $30-$48k” 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. 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 For Those Making $30-$48k

The following schools top our list of the Best Best Value General Business Schools for a Master’s in Illinois For Those Making $30-$48k.

Top 3 Best Value Master’s Degree Colleges for General Business/Commerce (Income $30-$48k) in Illinois

#1

Northwestern University

Evanston, Illinois

#1 in overall quality

$56,567 Avg Grad Tuition & Fees

$163,379 Average Early-Career Earnings

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 For Those Making $30-$48k. Located in Evanston, Illinois, this large private not-for-profit school awarded 1,048 diplomas to qualified masters’s general business students in 2019-2020.

In addition to being on our illinois master’s degree general business students whose families make $30-$48k list, Northwestern has also earned the #1 rank in our “Best General Business/Commerce Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northwestern are $56,567, but some majors have different tuition rates.

Read more about General Business/Commerce at Northwestern

#2

University of Chicago

Chicago, Illinois

#2 in overall quality

$61,548 Avg Grad Tuition & Fees

Out of the 3 schools in the Best Value General Business Schools for a Master’s in Illinois For Those Making $30-$48k that were part of this year’s ranking, University of Chicago landed the #2 spot on the list. 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 also took the #2 spot in our “Best General Business/Commerce Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at UChicago are $61,548, but you may pay more or less depending on your major.

Read full report on General Business/Commerce at UChicago

#3

Roosevelt University

Chicago, Illinois

$21,605 Avg Grad Tuition & Fees

Out of the 3 schools in the Best Value General Business Schools for a Master’s in Illinois For Those Making $30-$48k that were part of this year’s ranking, Roosevelt University landed the #3 spot on the list. Roosevelt is a small private not-for-profit school situated in Chicago, Illinois. It awarded 5 masters’s general business degrees in 2019-2020.

Roosevelt also took the #0 spot in our “Best General Business/Commerce Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Roosevelt University are $21,605, but some majors have different tuition rates.

Read more about General Business/Commerce at Roosevelt University

• Best Value Master’s Degree Colleges for General Business/Commerce (Income $30-$48k) in the Great Lakes Region
• Best Value Master’s Degree Colleges for General Business/Commerce (Income $30-$48k)

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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