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

When it comes to choosing a college, students have a lot of options - but not all of them are good. 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 General Business Schools for a Master’s in Illinois” ranking is part of that endeavor.

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” ranking analyzed 2 colleges that offered a degree 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. See our ranking methodology to learn more.

More Ways to Rank General Business/Commerce Schools

The general business school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value General Business Schools for a Master’s in Illinois”.

To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.

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

$163,379 Average Early-Career Earnings

Out of the 2 schools in the Best Value General Business Schools for a Master’s in Illinois that were part of this year’s ranking, Northwestern University landed the #1 spot on the list. 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.

As a testament to the quality of education offered at Northwestern, the school also landed the #1 spot 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

You’ll be in good company if you decide to attend University of Chicago. It ranked #2 on our 2022 Best Value General Business Schools for a Master’s in Illinois list. Chicago, Illinois is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out masters’s general business degrees to 11 students in 2019-2020.

UChicago did well in our major quality rankings, too. It placed #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 you may pay more or less depending on your major.

Read full report on 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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