Illinois Institute of Technology Business Programs

Illinois Institute of Technology is a private not-for-profit institution located in Chicago, Illinois. The location of the school is great for students who enjoy the amenities of city life.

Illinois Institute of Technology Rankings

Illinois Tech is ranked #215 out of 1,477 schools in the nation for overall quality on our 2023 Best Colleges list. This puts it in the top 15% of all schools in the nation. Illinois Tech also holds the #10 spot on the Best Colleges in Illinois ranking.

Our rankings are based on an outcomes-based approach rather than subjective ones used by other media outlets. As such, we utilize data from the Integrated Postsecondary Education Data System (IPEDS) and the College Scorecard, among other sources. Visit our rankings and methodology section to learn more.

Illinois Tech has also been awarded the following overall awards by our latest rankings.

Rank	Ranking Name	Share
#130	Best Business Master’s Degree Schools	Tweet It - Post It

Program Level Awards

These are highlights of some of the most noteworthy awards granted to specific programs at Illinois Tech.

Rank	Ranking Name	Share
#1	Best General Sales & Marketing Master’s Degree Schools	Tweet It - Post It
#3	Best Management Information Systems Master’s Degree Schools	Tweet It - Post It
#3	Most Popular Management Sciences & Methods Doctor’s Degree Schools	Tweet It - Post It
#24	Best Finance & Financial Management Master’s Degree Schools	Tweet It - Post It
#111	Best Business Administration & Management Master’s Degree Schools	Tweet It - Post It

Awards From Around the Web

The following table lists some notable awards Illinois Tech has earned from around the web.

Rank	Ranking Name	Source
#1	Best Other General Merchandising, Sales, and Related Marketing Operations Graduate Degree Schools	College Factual
#1	Best Value Graduate Degree Colleges for Other General Merchandising, Sales, and Related Marketing Operations	College Factual
#1	Best Other General Merchandising, Sales, and Related Marketing Operations Master’s Degree Colleges for Veterans	College Factual
#1	Highest Paid Master’s Degree Knowledge Management Graduates	College Factual
#1	Highest Paid Master’s Degree Other General Merchandising, Sales, and Related Marketing Operations Graduates	College Factual
#2	Best Knowledge Management Master’s Degree Schools	College Factual

Where Is Illinois Institute of Technology?

Contact details for Illinois Tech are given below.

	Contact Details
Address:	10 West 35Th Street, Chicago, IL 60616
Phone:	312-567-3000
Website:	web.iit.edu/
Facebook:	http://www.facebook.com/IITScarletHawks
Twitter:	http://twitter.com/illinoistech

How Do I Get Into Illinois Tech?

You can apply to Illinois Tech online at: https://www.iit.edu/admissions-aid/apply

Admission Requirements for Illinois Tech

Submission	Required?
High School GPA	recommended
High School Rank	recommended
High School Transcript	required
College Prep Program	recommended
Recommendations	required
SAT or ACT Scores	required
TOEFL	required

How Hard Is It To Get Into Illinois Tech?

The acceptance rate at Illinois Tech is 61%, which is a sign that the school is fairly selective. While it may not be as hard to get into as other colleges, you should not take admission for granted.

Approximately 68% of accepted students are men and 32% are women. The acceptance rate for men is 59%, and the acceptance rate for women is 64%.

Average Test Scores

About 71% of students accepted to Illinois Tech submitted their SAT scores. When looking at the 25th through the 75th percentile, SAT Evidence-Based Reading and Writing scores ranged between 570 and 670. Math scores were between 630 and 720.

Illinois Tech received ACT scores from 34% of accepted students. When looking at the 25th through the 75th percentile, ACT English scores ranged between 24 and 33. Math scores were between 27 and 32. Composite scores were between 26 and 32.

Can I Afford Illinois Institute of Technology?

The overall average net price of Illinois Tech is $39,934. The affordability of the school largely depends on your financial need since net price varies by income group.

The net price is calculated by adding tuition, room, board and other costs and subtracting financial aid.

Student Loan Debt

Almost 66% of college students who graduated with the class of 2018 took out student loans, but that percentage varies from school to school. At Illinois Tech, approximately 49% of students took out student loans averaging $7,225 a year. That adds up to $28,900 over four years for those students.

The student loan default rate at Illinois Tech is 1.9%. This is significantly lower than the national default rate of 10.1%, which is a good sign that you'll be able to pay back your student loans.

Illinois Institute of Technology Undergraduate Student Diversity

There are 3,122 undergraduate students at Illinois Tech, with 2,816 being full-time and 306 being part-time.

There are also 3,203 graduate students at the school.

Gender Diversity

Of the 2,816 full-time undergraduates at Illinois Tech, 67% are male and 33% are female.

Racial-Ethnic Diversity

The racial-ethnic breakdown of Illinois Institute of Technology students is as follows.

Race/Ethnicity	Number of Grads
Asian	482
Black or African American	132
Hispanic or Latino	528
White	1,080
International Students	421
Other Races/Ethnicities	173

Geographic Diversity

Illinois students aren't the only ones who study at Illinois Institute of Technology. At this time, 38 states are represented by the student population at the school.

Over 112 countries are represented at Illinois Tech. The most popular countries sending students to the school are China, India, and Spain.

Online Learning at Illinois Institute of Technology

In 2019-2020, 2,316 students took at least one online class at the school.

The following chart shows how the online learning population at Illinois Tech has changed over the last few years.

Online Affordability Rankings of Illinois Tech

During the most recent year for which we have data, the full-time undergraduate tuition at Illinois Institute of Technology was $50,490 for both in-state and out-of-state students. The following table shows how Illinois Tech is ranked for affordability for both in-state and out-of-state students among colleges and universities that are not mostly online.

Major	Tuition for In-State Students	Tuition for Out-of-State Students
Knowledge Management	#3	#3
General Sales & Marketing	#4	#4
Other General Merchandising, Sales, and Related Marketing Operations	#4	#4

Online Growth Rankings of Illinois Tech

The average growth rate over the last four years of online students at Illinois Institute of Technology was 50.2%. This is the #565 largest growth rate of all schools that are only partially online. This refers to all students at Illinois Tech regardless of major.

The table below shows how the average growth rate over 4 years at Illinois Tech ranks compared to all other partially online schools that offer a specific major. Note that the majors may or may not be offered online at Illinois Tech.

Major	Growth Rate Rank
Knowledge Management	#1
Other General Merchandising, Sales, and Related Marketing Operations	#1
Management Information Systems	#6
General Sales & Marketing	#7

When we speak of partially online, we are referring to schools whose online population is less than 50% of its total student body. Mostly online refers to those with online populations greater than or equal to 50%.

Illinois Institute of Technology Business Concentrations

The table below shows the number of awards for each concentration.

Major	Bachelor’s	Master’s	Doctor’s	TOTAL
General Business Administration and Management	19	34	0	53
Management Science	0	26	10	36
Finance	0	31	0	31
Other General Merchandising, Sales, and Related Marketing Operations	0	3	0	3
Banking, Corporate, Finance, & Securities Law	0	3	0	3
Knowledge Management	0	2	0	2
Tax Law/Taxation	0	1	0	1
Development Economics & International Development	1	0	0	1
Entrepreneurship	0	0	0	0
General Human Resources Management/Personnel Administration	0	0	0	0
Technical & Scientific Communication	0	0	0	0
TOTAL	20	100	10	130

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

• College Factual
• National Center for Education Statistics
• Image Credit: By Thomas Knapp under License

More about our data sources and methodologies.