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2022 Best Value Master’s Degree Colleges for Industrial & Management Engineering (Income $48-$75k) in the Great Lakes Region

20 Ranked Colleges
757 Degrees Awarded
$26,500 Avg Grad Tuition & Fees*
Best Value Industrial Management Schools for a Master's in the Great Lakes Region For Those Making $48-$75k

When it comes to choosing a college, students have a lot of options - but not all of them are good. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k” ranking.

Industrial & Management Engineering is the 147th most popular major in the country with 5,633 degrees awarded in 2019-2020.

Across the Great Lakes region, there were 1,186 industrial and management engineering graduates with average earnings and debt of $0 and $0 respectively. At the master’s degree level specifically, there were 757 industrial and management engineering graduates with average earnings and debt of $57,039 and $42,488 respectively.

This year’s “Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k” ranking analyzed 20 colleges that offered a degree in industrial and management engineering. Not only do the schools that top this list have excellent industrial and management engineering programs, but they also cost less that schools of similar quality.

To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the industrial and management engineering program at the school. For more information, check out our ranking methodology.

One Size Does Not Fit All

The industrial management 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 Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k”.

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. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.

Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k

The colleges and universities below are the best for great lakes region master’s degree industrial management students whose families make $48-$75k.

Top 20 Best Value Master’s Degree Colleges for Industrial & Management Engineering (Income $48-$75k) in the Great Lakes Region

#1

Northwestern University

Evanston, Illinois
#1 in overall quality

Out of the 20 schools in the Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k that were part of this year’s ranking, Northwestern University landed the #1 spot on the list. Located in Evanston, Illinois, this large private not-for-profit school awarded 51 diplomas to qualified masters’s industrial management students in 2019-2020.

Northwestern did well in our major quality rankings, too. It placed #1 on our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Northwestern University are $56,567, but you may pay more or less depending on your major.

Full Northwestern University Industrial & Management Engineering Report

#5 in overall quality

You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #2 on our 2022 Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. Located in Champaign, Illinois, this large public school awarded 93 degrees to qualified masters’s industrial management students in 2019-2020.

UIUC did well in our major quality rankings, too. It placed #5 on our “Best Industrial & Management Engineering 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 UIUC are $30,083.

Full UIUC Industrial & Management Engineering Report

#14 in overall quality

You’ll be in good company if you decide to attend University of Michigan - Dearborn. It ranked #3 on our 2022 Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. University of Michigan - Dearborn is a public institution located in Dearborn, Michigan. The school has a medium-sized population, and it awarded 40 masters’s degrees in 2019-2020.

In addition to being on our great lakes region master’s degree industrial management students whose families make $48-$75k list, UM Dearborn has also earned the #14 rank in our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UM Dearborn are $25,072.

Read more about Industrial & Management Engineering at University of Michigan - Dearborn

#4

Wayne State University

Detroit, Michigan
#4 in overall quality

Out of the 20 schools in the Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k that were part of this year’s ranking, Wayne State University landed the #4 spot on the 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.

In addition to being on our great lakes region master’s degree industrial management students whose families make $48-$75k list, Wayne State has also earned the #4 rank in our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Wayne State are $37,215, but some majors have different tuition rates.

Read more about Industrial & Management Engineering at Wayne State

#5

Oakland University

Rochester Hills, Michigan
#17 in overall quality

You’ll join some of the best and brightest minds around if you attend Oakland University. The school came in at #5 for the Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k. This fairly large school is located in Rochester Hills, Michigan, and it awarded 37 masters’s industrial management degrees in 2019-2020.

Oakland not only placed well in this ranking. It is also #17 on our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Oakland are $24,648, but you may pay more or less depending on your major.

Full Oakland Industrial & Management Engineering Report

#6

Northern Illinois University

Dekalb, Illinois
#16 in overall quality

Northern Illinois University did quite well in the 2022 Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #6. Dekalb, Illinois is the setting for this fairly large institution of higher learning. The public school handed out masters’s industrial management degrees to 17 students in 2019-2020.

NIU not only placed well in this ranking. It is also #16 on our “Best Industrial & Management Engineering 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 NIU are $11,086.

Read more about Industrial & Management Engineering at NIU

#7

University of Southern Indiana

Evansville, Indiana

University of Southern Indiana did quite well in the 2022 Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #7. Located in Evansville, Indiana, this fairly large public school awarded 4 degrees to qualified masters’s industrial management students in 2019-2020.

In addition to being on our great lakes region master’s degree industrial management students whose families make $48-$75k list, USI has also earned the #0 rank in our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at USI are $20,039.

Read full report on Industrial & Management Engineering at USI

#8

Eastern Michigan University

Ypsilanti, Michigan
#6 in overall quality

Eastern Michigan University did quite well in the 2022 Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #8. Eastern Michigan is a fairly large school located in Ypsilanti, Michigan that handed out 24 masters’s industrial management degrees in 2019-2020.

Eastern Michigan not only placed well in this ranking. It is also #6 on our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Eastern Michigan University are $26,552, but some majors have different tuition rates.

Read more about Industrial & Management Engineering at Eastern Michigan University

#9

Purdue University Northwest

Hammond, Indiana
#13 in overall quality

Purdue University Northwest did quite well in the 2022 Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #9. Hammond, Indiana is the setting for this medium-sized institution of higher learning. The public school handed out masters’s industrial management degrees to 58 students in 2019-2020.

Purdue Northwest also made our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” list, coming in at #13. Average graduate tuition and fees at Purdue Northwest are $11,633, but some majors have different tuition rates.

Full Purdue Northwest Industrial & Management Engineering Report

#10

Central Michigan University

Mount Pleasant, Michigan
#10 in overall quality

Central Michigan University ranked #10 on this year’s Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. Central Michigan is a public institution located in Mount Pleasant, Michigan. The school has a fairly large population, and it awarded 29 masters’s degrees in 2019-2020.

Central Michigan also took the #10 spot in our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Central Michigan University are $19,359, but some majors have different tuition rates.

Read more about Industrial & Management Engineering at Central Michigan University

#11

Purdue University Fort Wayne

Fort Wayne, Indiana
#18 in overall quality

With a ranking of #11, Purdue University Fort Wayne did quite well on the 2022 Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. This medium-sized school is located in Fort Wayne, Indiana, and it awarded 6 masters’s industrial management degrees in 2019-2020.

As a testament to the quality of education offered at PFW, the school also landed the #18 spot in our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Purdue University Fort Wayne are $14,618, but you may pay more or less depending on your major.

Read more about Industrial & Management Engineering at PFW

#15 in overall quality

Indiana University - Purdue University - Indianapolis did quite well in the 2022 Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #12. Indiana University - Purdue University - Indianapolis is located in Indianapolis, Indiana and, has a large student population. In 2019-2020, this school awarded 37 masters’s industrial management degrees to qualified students.

IUPUI also took the #15 spot in our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at IUPUI are $26,013, but some majors have different tuition rates.

Read full report on Industrial & Management Engineering at IUPUI

#11 in overall quality

Case Western Reserve University ranked #13 on this year’s Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. Case Western Reserve University is a fairly large private not-for-profit school situated in Cleveland, Ohio. It awarded 21 masters’s industrial management degrees in 2019-2020.

Case Western also took the #11 spot in our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Case Western are $47,958, but some majors have different tuition rates.

Read more about Industrial & Management Engineering at Case Western

#9 in overall quality

Bowling Green State University - Main Campus did quite well in the 2022 Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #14. Bowling Green, Ohio is the setting for this fairly large institution of higher learning. The public school handed out masters’s industrial management degrees to 13 students in 2019-2020.

BGSU also made our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” list, coming in at #9. Average graduate tuition and fees at BGSU are $15,823, but some majors have different tuition rates.

Read full report on Industrial & Management Engineering at BGSU

#15

Indiana State University

Terre Haute, Indiana

Indiana State University ranked #15 on this year’s Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. Indiana State is a fairly large public school situated in Terre Haute, Indiana. It awarded 2 masters’s industrial management degrees in 2019-2020.

Indiana State not only placed well in this ranking. It is also #0 on our “Best Industrial & Management Engineering 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 State are $15,346.

Read more about Industrial & Management Engineering at Indiana State University

#16

University of Dayton

Dayton, Ohio
#2 in overall quality

University of Dayton ranked #16 on this year’s Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. UDayton is a private not-for-profit institution located in Dayton, Ohio. The school has a fairly large population, and it awarded 23 masters’s degrees in 2019-2020.

UDayton also took the #2 spot in our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at UDayton are $17,780, but you may pay more or less depending on your major.

Read full report on Industrial & Management Engineering at UDayton

#3 in overall quality

Ohio University - Athens Campus ranked #17 on this year’s Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k list. Ohio University - Athens Campus is a large school located in Athens, Ohio that handed out 73 masters’s industrial management degrees in 2019-2020.

In addition to being on our great lakes region master’s degree industrial management students whose families make $48-$75k list, OHIO Athens has also earned the #3 rank in our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Ohio University - Athens Campus are $17,712.

Full OHIO Athens Industrial & Management Engineering Report

#18

Western Michigan University

Kalamazoo, Michigan
#12 in overall quality

Western Michigan University came in at #18 in this year’s edition of the Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking. This fairly large school is located in Kalamazoo, Michigan, and it awarded 7 masters’s industrial management degrees in 2019-2020.

WMU also took the #12 spot in our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at WMU are $31,355.

Full WMU Industrial & Management Engineering Report

#7 in overall quality

Illinois Institute of Technology landed the #19 spot on the 2022 Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking. Illinois Institute of Technology is a private not-for-profit institution located in Chicago, Illinois. The school has a medium-sized population, and it awarded 58 masters’s degrees in 2019-2020.

Illinois Tech not only placed well in this ranking. It is also #7 on our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Illinois Tech are $30,695, but you may pay more or less depending on your major.

Read full report on Industrial & Management Engineering at Illinois Institute of Technology

#8 in overall quality

Rose - Hulman Institute of Technology did quite well in the 2022 Best Value Industrial Management Schools for a Master’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #20. Located in Terre Haute, Indiana, this small private not-for-profit school awarded 16 diplomas to qualified masters’s industrial management students in 2019-2020.

In addition to being on our great lakes region master’s degree industrial management students whose families make $48-$75k list, Rose - Hulman Institute of Technology has also earned the #8 rank in our “Best Industrial & Management Engineering Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Rose - Hulman Institute of Technology are $50,379, but some majors have different tuition rates.

Read full report on Industrial & Management Engineering at Rose - Hulman Institute of Technology

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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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