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2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k

84 Ranked Colleges
3,592 Degrees Awarded
$32,000 Avg Grad Tuition & Fees*
Best Value Industrial Management Schools for a Master's For Those Making $48-$75k

With all of the options students have for higher education today, it can be tough to choose which direction to take. 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 Industrial Management Schools for a Master’s For Those Making $48-$75k” ranking is part of that endeavor.

In 2019-2020, 5,633 people earned their degree in industrial and management engineering, making the major the 147th most popular in the United States.

At the master’s degree level specifically, there were 3,592 industrial and management engineering graduates with average earnings and debt of $56,398 and $43,194 respectively.

This year’s “Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k” ranking looked at 84 colleges that offer degrees in a bachelor’s in industrial and management engineering. The schools that top this list are recognized because they have great industrial and management engineering 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 industrial and management engineering 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 Industrial & Management Engineering Schools

Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k” list, to help you choose the best school for you.

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. Go ahead and give it a try, or bookmark the link so you can check it out later.

Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k

The following schools top our list of the Best Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k.

Top 25 Best Value Master’s Degree Colleges for Industrial & Management Engineering (Income $48-$75k)

#1

Stanford University

Stanford, California
#1 in overall quality

You’ll be in good company if you decide to attend Stanford University. It ranked #1 on our 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k list. Stanford, California is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out masters’s industrial management degrees to 130 students in 2019-2020.

Stanford also made our “Best Industrial & Management Engineering Master’s Degree Schools” list, coming in at #1. Average graduate tuition and fees at Stanford are $55,011, but you may pay more or less depending on your major.

Full Stanford University Industrial & Management Engineering Report

#2

Northwestern University

Evanston, Illinois
#2 in overall quality

You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #2 for the Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k. Located in Evanston, Illinois, this large private not-for-profit school handed out 51 degrees to qualified masters’s industrial management students in 2019-2020.

As a testament to the quality of education offered at Northwestern, the school also landed the #2 spot in our “Best Industrial & Management Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at Northwestern University are $56,567, but some majors have different tuition rates.

Read full report on Industrial & Management Engineering at Northwestern

#3

Duke University

Durham, North Carolina
#5 in overall quality

You’ll be in good company if you decide to attend Duke University. It ranked #3 on our 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k list. Duke is a fairly large school located in Durham, North Carolina that handed out 175 masters’s industrial management degrees in 2019-2020.

Duke not only placed well in this ranking. It is also #5 on our “Best Industrial & Management Engineering Master’s Degree Schools” list. Average graduate tuition and fees at Duke are $59,140, but some majors have different tuition rates.

Full Duke Industrial & Management Engineering Report

#4

Cornell University

Ithaca, New York
#14 in overall quality

Out of the 84 schools in the Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k that were part of this year’s ranking, Cornell University landed the #4 spot on the list. This large school is located in Ithaca, New York, and it awarded 50 masters’s industrial management degrees in 2019-2020.

Cornell did well in our major quality rankings, too. It placed #14 on our “Best Industrial & Management Engineering Master’s Degree Schools” list. Average graduate tuition and fees at Cornell are $30,042, but you may pay more or less depending on your major.

Full Cornell University Industrial & Management Engineering Report

#5

Johns Hopkins University

Baltimore, Maryland
#15 in overall quality

You’ll be in good company if you decide to attend Johns Hopkins University. It ranked #5 on our 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k list. Located in Baltimore, Maryland, this large private not-for-profit school awarded 58 diplomas to qualified masters’s industrial management students in 2019-2020.

As a testament to the quality of education offered at Johns Hopkins, the school also landed the #15 spot in our “Best Industrial & Management Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at Johns Hopkins are $59,425, but you may pay more or less depending on your major.

Read more about Industrial & Management Engineering at Johns Hopkins University

University of Central Florida ranked #6 on this year’s Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k list. UCF is a large school located in Orlando, Florida that handed out 72 masters’s industrial management degrees in 2019-2020.

Average graduate tuition and fees at UCF are $28,657, but some majors have different tuition rates.

Read full report on Industrial & Management Engineering at University of Central Florida

#7

Citadel Military College of South Carolina

Charleston, South Carolina
#11 in overall quality

Citadel Military College of South Carolina ranked #7 on this year’s Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k list. The Citadel is located in Charleston, South Carolina and, has a small student population. In 2019-2020, this school awarded 23 masters’s industrial management degrees to qualified students.

In addition to being on our master’s degree industrial management students whose families make $48-$75k list, The Citadel has also earned the #11 rank in our “Best Industrial & Management Engineering Master’s Degree Schools” ranking. Average graduate tuition and fees at Citadel Military College of South Carolina are $18,540, but some majors have different tuition rates.

Read full report on Industrial & Management Engineering at Citadel Military College of South Carolina

University of Illinois at Urbana-Champaign ranked #8 on this year’s Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k list. Champaign, Illinois is the setting for this large institution of higher learning. The public school handed out masters’s industrial management degrees to 93 students in 2019-2020.

Average graduate tuition and fees at University of Illinois at Urbana-Champaign are $30,083, but you may pay more or less depending on your major.

Read full report on Industrial & Management Engineering at University of Illinois at Urbana-Champaign

#12 in overall quality

Missouri University of Science and Technology came in at #9 in this year’s edition of the Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k ranking. This medium-sized school is located in Rolla, Missouri, and it awarded 93 masters’s industrial management degrees in 2019-2020.

Missouri University of Science and Technology not only placed well in this ranking. It is also #12 on our “Best Industrial & Management Engineering Master’s Degree Schools” list. Average graduate tuition and fees at Missouri University of Science and Technology are $30,943, but you may pay more or less depending on your major.

Read full report on Industrial & Management Engineering at Missouri University of Science and Technology

California State University - Northridge did quite well in the 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k ranking, coming in at #10. CSUN is a large public school situated in Northridge, California. It awarded 29 masters’s industrial management degrees in 2019-2020.

Average graduate tuition and fees at California State University - Northridge are $17,955, but you may pay more or less depending on your major.

Read more about Industrial & Management Engineering at CSUN

#11

Tufts University

Medford, Massachusetts
#6 in overall quality

Tufts University did quite well in the 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k ranking, coming in at #11. Tufts University is a fairly large private not-for-profit school situated in Medford, Massachusetts. It awarded 86 masters’s industrial management degrees in 2019-2020.

Tufts also made our “Best Industrial & Management Engineering Master’s Degree Schools” list, coming in at #6. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Tufts are $55,168.

Read more about Industrial & Management Engineering at Tufts

California State University - Los Angeles landed the #12 spot on the 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k ranking. This large school is located in Los Angeles, California, and it awarded 14 masters’s industrial management degrees in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at California State University - Los Angeles are $17,723.

Read more about Industrial & Management Engineering at Cal State LA

University of South Florida - Main Campus landed the #13 spot on the 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k ranking. USF Tampa is a large public school situated in Tampa, Florida. It awarded 31 masters’s industrial management degrees in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of South Florida - Main Campus are $21,126.

Read more about Industrial & Management Engineering at USF Tampa

#14

Massachusetts Maritime Academy

Buzzards Bay, Massachusetts

Massachusetts Maritime Academy ranked #14 on this year’s Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k list. Located in Buzzards Bay, Massachusetts, this small public school awarded 14 diplomas to qualified masters’s industrial management students in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at Maritime are $17,372.

Read more about Industrial & Management Engineering at Massachusetts Maritime Academy

With a ranking of #15, University of Michigan - Dearborn did quite well on the 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k list. UM Dearborn is located in Dearborn, Michigan and, has a medium-sized student population. In 2019-2020, this school awarded 40 masters’s industrial management degrees to qualified students.

Average graduate tuition and fees at UM Dearborn are $25,072, but some majors have different tuition rates.

Read full report on Industrial & Management Engineering at University of Michigan - Dearborn

#16

Wayne State University

Detroit, Michigan
#19 in overall quality

Wayne State University ranked #16 on this year’s Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k list. Detroit, Michigan is the setting for this large institution of higher learning. The public school handed out masters’s industrial management degrees to 21 students in 2019-2020.

Wayne State not only placed well in this ranking. It is also #19 on our “Best Industrial & Management Engineering Master’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Wayne State University are $37,215.

Full Wayne State University Industrial & Management Engineering Report

With a ranking of #17, Florida International University did quite well on the 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k list. Located in Miami, Florida, this large public school handed out 34 degrees to qualified masters’s industrial management students in 2019-2020.

Average graduate tuition and fees at FIU are $24,211, but some majors have different tuition rates.

Full FIU Industrial & Management Engineering Report

#18

Texas A&M University - College Station

College Station, Texas
#17 in overall quality

Texas A&M University - College Station did quite well in the 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k ranking, coming in at #18. Located in College Station, Texas, this large public school handed out 44 diplomas to qualified masters’s industrial management students in 2019-2020.

In addition to being on our master’s degree industrial management students whose families make $48-$75k list, Texas A&M College Station has also earned the #17 rank in our “Best Industrial & Management Engineering Master’s Degree Schools” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Texas A&M University - College Station are $22,743.

Full Texas A&M University - College Station Industrial & Management Engineering Report

#19

Georgetown University

Washington, District of Columbia

Georgetown University came in at #19 in this year’s edition of the Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k ranking. Georgetown University is located in Washington, District of Columbia and, has a fairly large student population. In 2019-2020, this school awarded 8 masters’s industrial management degrees to qualified students.

Average graduate tuition and fees at Georgetown University are $53,591, but you may pay more or less depending on your major.

Read full report on Industrial & Management Engineering at Georgetown

#20

Saint Cloud State University

Saint Cloud, Minnesota

Saint Cloud State University came in at #20 in this year’s edition of the Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k ranking. St. Cloud State University is a public institution located in Saint Cloud, Minnesota. The school has a fairly large population, and it awarded 32 masters’s degrees in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at Saint Cloud State University are $12,904.

Read full report on Industrial & Management Engineering at Saint Cloud State University

#21

University of Arizona

Tucson, Arizona
#18 in overall quality

University of Arizona landed the #21 spot on the 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k ranking. Located in Tucson, Arizona, this large public school handed out 15 degrees to qualified masters’s industrial management students in 2019-2020.

University of Arizona did well in our major quality rankings, too. It placed #18 on our “Best Industrial & Management Engineering Master’s Degree Schools” list. Average graduate tuition and fees at University of Arizona are $33,399, but some majors have different tuition rates.

Full University of Arizona Industrial & Management Engineering Report

#21 in overall quality

Iowa State University landed the #22 spot on the 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k ranking. Iowa State University is located in Ames, Iowa and, has a large student population. In 2019-2020, this school awarded 8 masters’s industrial management degrees to qualified students.

Iowa State did well in our major quality rankings, too. It placed #21 on our “Best Industrial & Management Engineering Master’s Degree Schools” list. Average graduate tuition and fees at Iowa State are $25,948, but some majors have different tuition rates.

Read full report on Industrial & Management Engineering at Iowa State University

#23

Oakland University

Rochester Hills, Michigan

Oakland University did quite well in the 2022 Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k ranking, coming in at #23. Oakland University is located in Rochester Hills, Michigan and, has a fairly large student population. In 2019-2020, this school awarded 37 masters’s industrial management degrees to qualified students.

Average graduate tuition and fees at Oakland University are $24,648, but some majors have different tuition rates.

Read full report on Industrial & Management Engineering at Oakland

#24

Washington State University

Pullman, Washington

Washington State University ranked #24 on this year’s Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k list. Wazzu is a large public school situated in Pullman, Washington. It awarded 28 masters’s industrial management degrees in 2019-2020.

Average graduate tuition and fees at Wazzu are $27,561, but you may pay more or less depending on your major.

Read more about Industrial & Management Engineering at Washington State University

#25

Louisiana Tech University

Ruston, Louisiana

Louisiana Tech University came in at #25 in this year’s edition of the Best Value Industrial Management Schools for a Master’s For Those Making $48-$75k ranking. Louisiana Tech University is a fairly large school located in Ruston, Louisiana that handed out 43 masters’s industrial management degrees in 2019-2020.

Average graduate tuition and fees at Louisiana Tech are $12,690, but you may pay more or less depending on your major.

Read full report on Industrial & Management Engineering at Louisiana Tech University

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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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