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Best Business Administration & Management Schools in Illinois

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2023 Best Business Administration & Management Schools in Illinois

52 Colleges
$56,126 Avg Salary
$31,652 Avg Student Debt

Finding the Best Business Administration & Management School for You

Business Administration & Management is the most popular major in Illinois with 12,631 degrees and certificates handed out in <nil>.

When it comes to higher education, there are a lot of options for business students. With more and more schools offering online options, you could even register for a great program on the other side of the country. On top of that, there are a considerable number of trade schools that offer fast-track entry to many fields.

Along with in-depth profiles of schools and the programs they offer, Business Degree Central has created the Best Business Administration & Management Schools in Illinois to help you in your search for the best school for you. Our analysis looked at 52 schools in Illinois to see which programs offered the best educational experiences for business students.

View our full ranking methodology.

2023 Best Business Administration & Management Schools in Illinois

The following schools top our list of the Best Business Administration & Management Colleges.

Top 10 Best Business Administration & Management Schools

#1

University of Chicago

Chicago, IL

Our 2023 rankings named University of Chicago the best school in Illinois for business administration & management students. UChicago is a large private not-for-profit school located in the city of Chicago.

After completing their degree, business administration graduates from UChicago carry an average student debtload of $92,529.

Read full report on Business Administration & Management at University of Chicago

#2

Northwestern University

Evanston, IL

Out of the 52 schools in Illinois that were part of this year’s ranking, Northwestern University landed the # 2 spot on the list. Located in the small city of Evanston, Northwestern is a private not-for-profit school with a fairly large student population.

While working on their degree, business administration majors at Northwestern accumulate an average of around $172,164 in student debt.

Full Business Administration & Management at Northwestern University Report

The excellent programs at Lake Forest Graduate School of Management helped the school earn the #3 place on this year’s ranking of the best business administration & management schools in Illinois. Lake Forest Graduate School of Management is a small private not-for-profit school located in the large suburb of Lake Forest.

Business Administration majors at Lake Forest Graduate School of Management take out an average of $42,302 in student loans while working on their egree.

Full Business Administration & Management at Lake Forest Graduate School of Management Report

Out of the 52 schools in Illinois that were part of this year’s ranking, University of Illinois at Urbana-Champaign landed the # 4 spot on the list. Located in the small city of Champaign, UIUC is a public college with a very large student population.

Business Administration majors at UIUC take out an average of $28,121 in student loans while working on their egree. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $722.

Read More…

A rank of #5 on this year’s list means Rasmussen University - Illinois is a great place for business administration & management students. Rasmussen University - Illinois is a small private for-profit school located in the city of Rockford.

While working on their degree, business administration majors at Rasmussen University - Illinois accumulate an average of around $24,085 in student debt.

Full Business Administration & Management at Rasmussen University - Illinois Report

#6

Augustana College

Rock Island, IL

Augustana College ranked #6 on this year’s Best Business Administration & Management Schools in Illinois list. Augustana is a small private not-for-profit school located in the city of Rock Island.

While working on their degree, business administration majors at Augustana accumulate an average of around $27,000 in student debt. The average monthly payment of a loan this size is about $410, assuming that the borrower is on a 10-year repayment plan.

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Loyola University Chicago came in at #7 in this year’s edition of the Best Business Administration & Management Schools in Illinois ranking. Located in the large city of Chicago, Loyola Chicago is a private not-for-profit school with a large student population.

While working on their degree, business administration majors at Loyola Chicago accumulate an average of around $41,482 in student debt. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $863.

Read full report on Business Administration & Management at Loyola University Chicago

Illinois Institute of Technology came in at #8 in this year’s edition of the Best Business Administration & Management Schools in Illinois ranking. Located in the city of Chicago, Illinois Tech is a private not-for-profit college with a moderately-sized student population.

While working on their degree, business administration majors at Illinois Tech accumulate an average of around $24,557 in student debt.

Read full report on Business Administration & Management at Illinois Institute of Technology

#9

Bradley University

Peoria, IL

Bradley University ranked #9 on this year’s Best Business Administration & Management Schools in Illinois list. Located in the midsize city of Peoria, Bradley is a private not-for-profit college with a moderately-sized student population.

While working on their degree, business administration majors at Bradley accumulate an average of around $24,575 in student debt.

Read full report on Business Administration & Management at Bradley University

#10

DePaul University

Chicago, IL

DePaul University landed the #10 spot in the 2023 rankings for the best business administration & management programs. Located in the large city of Chicago, DePaul is a private not-for-profit college with a fairly large student population.

The average amount in student loans that business administration majors at DePaul take out is $37,727. The average monthly payment of a loan this size is about $566, assuming that the borrower is on a 10-year repayment plan.

Full Business Administration & Management at DePaul University Report

Best Business Administration & Management Colleges in the Great Lakes Region

Explore all the Best Business Administration & Management Colleges in the Great Lakes Area or other specific states within that region.

State Degrees Awarded
Michigan 9,225
Ohio 10,252
Indiana 6,843
Wisconsin 5,331

One of 21 majors within the business area of study, business administration & management has other similar majors worth exploring.

Business Administration Focus Areas

Major Annual Graduates
General Business Administration and Management 343,412
Organizational Leadership 15,220
Interior Design Management 13,728
Supply Chain Management 10,601
Operations Management 6,424
Project Management 4,189
Office Administration 3,577
Non-Profit/Public/Organizational Management 2,736
Retail Management 959
Purchasing, Procurement/Acquisitions and Contracts Management 939
Transportation/Mobility Management 641
E-Commerce 469
Science/Technology Management 359
Research and Development Management 284
Customer Service Management 178
Risk Management 37

Majors Similar to Business Administration

Related Major Annual Graduates
Accounting 93,982
General Business/Commerce 56,779
Finance & Financial Management 54,690
Marketing 52,078
Management Sciences & Quantitative Methods 48,037

Notes and References

*These averages are for the top 25 schools only.

  • Read more about our ranking methodology.
  • 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).

More about our data sources and methodologies.

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