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2022 Best Value Master’s Degree Colleges for General Business/Commerce in the Great Lakes Region

18 Ranked Colleges
3,159 Degrees Awarded
$26,800 Avg Grad Tuition & Fees*
Best Value General Business Schools for a Master's in the Great Lakes Region

When it comes to choosing a college, students have a lot of options - but not all of them are good. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value General Business Schools for a Master’s in the Great Lakes Region” ranking is one tool we have developed to help in this regard.

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 the Great Lakes region, there were 10,177 general business/commerce graduates with average earnings and debt of $42,581 and $26,197 respectively. At the master’s degree level specifically, there were 3,159 general business/commerce graduates with average earnings and debt of $57,039 and $42,488 respectively.

This year’s “Best Value General Business Schools for a Master’s in the Great Lakes Region” ranking looked at 18 colleges that offer degrees in a bachelor’s in general business/commerce. Not only do the schools that top this list have excellent general business/commerce programs, but they also 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 the Great Lakes Region” list to help you make the college 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 the Great Lakes Region

The following schools top our list of the Best Best Value General Business Schools for a Master’s in the Great Lakes Region.

Top 18 Best Value Master’s Degree Colleges for General Business/Commerce in the Great Lakes Region

#1

Xavier University

Cincinnati, Ohio
#6 in overall quality

You’ll be in good company if you decide to attend Xavier University. It ranked #1 on our 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region list. Xavier is a private not-for-profit institution located in Cincinnati, Ohio. The school has a medium-sized population, and it awarded 128 masters’s degrees in 2019-2020.

Xavier not only placed well in this ranking. It is also #6 on our “Best General Business/Commerce 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 Xavier are $12,076.

Read more about General Business/Commerce at Xavier

You’ll join some of the best and brightest minds around if you attend University of Wisconsin - Whitewater. The school came in at #2 for the Best Value General Business Schools for a Master’s in the Great Lakes Region. Whitewater, Wisconsin is the setting for this fairly large institution of higher learning. The public school handed out masters’s general business degrees to 204 students in 2019-2020.

In addition to being on our great lakes region master’s degree general business students list, UW - Whitewater has also earned the #7 rank in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at UW - Whitewater are $19,200, but you may pay more or less depending on your major.

Full UW - Whitewater General Business/Commerce Report

Out of the 18 schools in the Best Value General Business Schools for a Master’s in the Great Lakes Region that were part of this year’s ranking, University of Wisconsin - Madison landed the #3 spot on the list. University of Wisconsin - Madison is a large school located in Madison, Wisconsin that handed out 94 masters’s general business degrees in 2019-2020.

As a testament to the quality of education offered at UW - Madison, the school also landed the #5 spot in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at UW - Madison are $25,523, but some majors have different tuition rates.

Read more about General Business/Commerce at University of Wisconsin - Madison

#4

Youngstown State University

Youngstown, Ohio
#14 in overall quality

Out of the 18 schools in the Best Value General Business Schools for a Master’s in the Great Lakes Region that were part of this year’s ranking, Youngstown State University landed the #4 spot on the list. Youngstown State University is a fairly large school located in Youngstown, Ohio that handed out 32 masters’s general business degrees in 2019-2020.

Youngstown State University also made our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list, coming in at #14. Average graduate tuition and fees at Youngstown State University are $9,495, but you may pay more or less depending on your major.

Full Youngstown State University General Business/Commerce Report

#5

Grand Valley State University

Allendale, Michigan

You’ll join some of the best and brightest minds around if you attend Grand Valley State University. The school came in at #5 for the Best Value General Business Schools for a Master’s in the Great Lakes Region. GVSU is located in Allendale, Michigan and, has a large student population. In 2019-2020, this school awarded 68 masters’s general business degrees to qualified students.

In addition to being on our great lakes region master’s degree general business students list, GVSU has also earned the #11 rank in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at GVSU are $17,448, but some majors have different tuition rates.

Read full report on General Business/Commerce at Grand Valley State University

#6

Purdue University Fort Wayne

Fort Wayne, Indiana

Purdue University Fort Wayne landed the #6 spot on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region ranking. PFW is a medium-sized public school situated in Fort Wayne, Indiana. It awarded 41 masters’s general business degrees in 2019-2020.

PFW also took the #12 spot in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at PFW are $14,618, but some majors have different tuition rates.

Full PFW General Business/Commerce Report

#7

Indiana University - Bloomington

Bloomington, Indiana

With a ranking of #7, Indiana University - Bloomington did quite well on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region list. Indiana University - Bloomington is a large school located in Bloomington, Indiana that handed out 905 masters’s general business degrees in 2019-2020.

As a testament to the quality of education offered at IU Bloomington, the school also landed the #4 spot in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Indiana University - Bloomington are $33,338, but you may pay more or less depending on your major.

Read full report on General Business/Commerce at IU Bloomington

Indiana University - Purdue University - Indianapolis did quite well in the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region ranking, coming in at #8. IUPUI is a large public school situated in Indianapolis, Indiana. It awarded 190 masters’s general business degrees in 2019-2020.

IUPUI not only placed well in this ranking. It is also #9 on our “Best General Business/Commerce 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 IUPUI are $26,013.

Read more about General Business/Commerce at Indiana University - Purdue University - Indianapolis

#9

Indiana University - Southeast

New Albany, Indiana

Indiana University - Southeast landed the #9 spot on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region ranking. Indiana University - Southeast is located in New Albany, Indiana and, has a small student population. In 2019-2020, this school awarded 30 masters’s general business degrees to qualified students.

Indiana University - Southeast not only placed well in this ranking. It is also #13 on our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Indiana University - Southeast are $18,275, but you may pay more or less depending on your major.

Read more about General Business/Commerce at Indiana University - Southeast

#10

Ball State University

Muncie, Indiana

Ball State University landed the #10 spot on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region ranking. Ball State University is a large school located in Muncie, Indiana that handed out 86 masters’s general business degrees in 2019-2020.

In addition to being on our great lakes region master’s degree general business students list, Ball State has also earned the #10 rank in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Ball State University are $26,204, but some majors have different tuition rates.

Full Ball State University General Business/Commerce Report

#11

Indiana University - South Bend

South Bend, Indiana

Indiana University - South Bend came in at #11 in this year’s edition of the Best Value General Business Schools for a Master’s in the Great Lakes Region ranking. Located in South Bend, Indiana, this small public school awarded 15 diplomas to qualified masters’s general business students in 2019-2020.

Indiana University - South Bend also made our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list, coming in at #15. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Indiana University - South Bend are $18,275.

Read more about General Business/Commerce at Indiana University - South Bend

Indiana University - Northwest came in at #12 in this year’s edition of the Best Value General Business Schools for a Master’s in the Great Lakes Region ranking. IU Northwest is located in Gary, Indiana and, has a small student population. In 2019-2020, this school awarded 41 masters’s general business degrees to qualified students.

IU Northwest did well in our major quality rankings, too. It placed #16 on our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Indiana University - Northwest are $18,275, but some majors have different tuition rates.

Read more about General Business/Commerce at Indiana University - Northwest

#13

Indiana University - Kokomo

Kokomo, Indiana

With a ranking of #13, Indiana University - Kokomo did quite well on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region list. This small school is located in Kokomo, Indiana, and it awarded 25 masters’s general business degrees in 2019-2020.

IU Kokomo not only placed well in this ranking. It is also #17 on our “Best General Business/Commerce 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 Indiana University - Kokomo are $18,275.

Full IU Kokomo General Business/Commerce Report

#14

Indiana Institute of Technology

Fort Wayne, Indiana

With a ranking of #14, Indiana Institute of Technology did quite well on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region list. Indiana Institute of Technology is a small private not-for-profit school situated in Fort Wayne, Indiana. It awarded 99 masters’s general business degrees in 2019-2020.

In addition to being on our great lakes region master’s degree general business students list, Indiana Tech has also earned the #18 rank in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Indiana Tech are $10,026, but some majors have different tuition rates.

Read full report on General Business/Commerce at Indiana Institute of Technology

#15

Michigan State University

East Lansing, Michigan

Michigan State University came in at #15 in this year’s edition of the Best Value General Business Schools for a Master’s in the Great Lakes Region ranking. Michigan State is a large school located in East Lansing, Michigan that handed out 91 masters’s general business degrees in 2019-2020.

In addition to being on our great lakes region master’s degree general business students list, Michigan State has also earned the #8 rank in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Michigan State University are $37,056, but some majors have different tuition rates.

Read more about General Business/Commerce at Michigan State University

#16

Northwestern University

Evanston, Illinois

With a ranking of #16, Northwestern University did quite well on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region list. Located in Evanston, Illinois, this large private not-for-profit school handed out 1,048 degrees to qualified masters’s general business students in 2019-2020.

In addition to being on our great lakes region master’s degree general business students list, Northwestern has also earned the #1 rank in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. 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 University

#17

University of Notre Dame

Notre Dame, Indiana
#3 in overall quality

University of Notre Dame landed the #17 spot on the 2022 Best Value General Business Schools for a Master’s in the Great Lakes Region ranking. Located in Notre Dame, Indiana, this fairly large private not-for-profit school awarded 46 diplomas to qualified masters’s general business students in 2019-2020.

Notre Dame also took the #3 spot in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at University of Notre Dame are $57,522, but some majors have different tuition rates.

Full Notre Dame General Business/Commerce Report

#18

University of Chicago

Chicago, Illinois
#2 in overall quality

University of Chicago came in at #18 in this year’s edition of the Best Value General Business Schools for a Master’s in the Great Lakes Region ranking. UChicago is a fairly large private not-for-profit school situated in Chicago, Illinois. It awarded 11 masters’s general business degrees in 2019-2020.

As a testament to the quality of education offered at UChicago, the school also landed the #2 spot in our “Best General Business/Commerce Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at University of Chicago are $61,548, but you may pay more or less depending on your major.

Full UChicago General Business/Commerce Report

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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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