2023 Best Value Business & Commerce Master's Degree Schools in Illinois
Identifying Quality Schools at More Affordable Prices
Finding the Best General Business/Commerce Master's Degree School for You
In 2020-2021, 877 degrees and certificates were awarded to general business/commerce students who went to a Illinois college or university. This makes it the #44 most popular major in the state.
When it comes to higher education, there are a lot of options for students. As online education oppotunities continue to grow, you're not restricted to just schools in your local area anymore. Even some of the 'big name' schools are offering online courses. Also, there are a number of trade schools with offerings that you might find attractive.
To assist you in seeing some of the education options that are available to you, Course Advisor has created its Best Value Business & Commerce Master's Degree Schools in Illinois ranking. Our analysis looked at 3 schools in Illinois to see which master's degree programs offered the best value experiences for general business students with the aim of identifying those quality schools that are more affordable than some of their counterparts.
This ranking is not just a list of inexpensive schools. We also consider each school's quality, since we believe a low-quality school may not be a 'bargain' at any price. More specifically, we discount our quality score by the published tuition and fees charged by a school. This gives the cost per unit of quality for each college. The value is determined by how much quality your dollar buys.
For nationwide and regional rankings, we use out-of-state tuition and fees in our calculations. Average in-state tuition and fees are used for our statewide rankings.
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2023 Best Value General Business/Commerce Master’s Degree Schools in Illinois
The colleges and universities below are the best value schools for general business majors pursuing a master's degree.
Best Illinois Schools for Affordable Quality for a Master's in Business & Commerce
Our analysis found Northwestern University to be the best value school for general business/commerce students who want to pursue a master’s degree in Illinois. Located in the small city of Evanston, Northwestern is a private not-for-profit school with a fairly large student population.
In-state tuition fees for graduate students at Northwestern are $56,567 per year.
Northwestern also made our Best Business & Commerce Master’s Degree Schools in Illinois list, coming in at #1.
You’ll be in good company if you decide to attend University of Chicago. It ranked #2 on our 2023 Best Value Business & Commerce Master’s Degree Schools in Illinois list. UChicago is a fairly large private not-for-profit school located in the large city of Chicago.
The average tuition and fees for an in-state graduate student at UChicago are $63,936 a year.
UChicago did well in our overall quality rankings, too. It placed #2 on our Best Business & Commerce Master’s Degree Schools in Illinois list.
Out of the 3 schools in Illinois that were part of this year’s ranking, Roosevelt University landed the # 3 spot on the list. Located in the city of Chicago, Roosevelt is a private not-for-profit college with a small student population.
The average tuition and fees for an in-state graduate student at Roosevelt are $21,605 a year.
Best Value General Business/Commerce Colleges in the Great Lakes Region
Explore all the Best Value General Business/Commerce Schools in the Great Lakes Area or other specific states within that region.
| State | Degrees Awarded |
|---|---|
| Michigan | 1,060 |
| Ohio | 581 |
| Indiana | 5,774 |
| Wisconsin | 529 |
More General Business/Commerce Rankings in Illinois
Majors Related to General Business
One of 21 majors within the area of study, general business/commerce has other similar majors worth exploring.
Most Popular Majors Related to General Business
| Related Major | Annual Graduates |
|---|---|
| Business Administration & Management | 416,590 |
| Accounting | 99,265 |
| Finance & Financial Management | 57,778 |
| Marketing | 52,916 |
| Management Sciences & Quantitative Methods | 43,382 |
Notes and References
*These averages are for the top 3 schools only.
- 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 the rest 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).
- Credit for the banner image above goes to U.S. Consulate General Munich.
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More about our data sources and methodologies.
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