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Best Business Administration & Management Master's Degree Schools in Illinois

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2023 Best Business Administration & Management Master's Degree Schools in Illinois

39 Colleges

Finding the Best Business Administration & Management Master's Degree 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.

The Best Business Administration & Management Master's Degree Schools in Illinois ranking is one of many tools that Business Degree Central has developed to help you make your educational decision. This report analyzed 39 schools in Illinois to see which ones offered the best master's degree programs for business students. To come up with a school's ranking, we analyzed numerous factors related to post-graduation wages, the quality of education offered by the school, average accumulated student debt, and more.

View our full ranking methodology.

2023 Best Business Administration & Management Master’s Degree Schools in Illinois

The colleges and universities below are the best for business administration majors pursuing a master's degree.

Top 10 Best Business Administration & Management Master's Degree Schools

#1

University of Chicago

Chicago, IL

Our analysis found University of Chicago to be the best school for business administration & management students who want to pursue a master’s degree in Illinois. UChicago is a large private not-for-profit school located in the large city of Chicago.

After completing their Master's Degree, business administration graduates from UChicago carry an average student debtload of $102,468.

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

#2

Northwestern University

Evanston, IL

You’ll be in good company if you decide to attend Northwestern University. It ranked #2 on our 2023 Best Business Administration & Management Master’s Degree Schools in Illinois list. Located in the city of Evanston, Northwestern is a private not-for-profit college with a very large student population.

While working on their Master's Degree, business administration majors at Northwestern accumulate an average of around $152,349 in student debt.

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You’ll be in good company if you decide to attend Lake Forest Graduate School of Management. It ranked #3 on our 2023 Best Business Administration & Management Master’s Degree Schools in Illinois list. Lake Forest Graduate School of Management is a small private not-for-profit school located in the suburb of Lake Forest.

The average amount in student loans that business administration majors at Lake Forest Graduate School of Management take out while working on their Master's Degree is $42,300.

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

You’ll join some of the best and brightest minds around you if you attend University of Illinois at Urbana-Champaign. The school came in at #4 on this year’s Best Business Administration & Management Master’s Degree Schools in Illinois list. Located in the city of Champaign, UIUC is a public college with a fairly large student population.

While working on their Master's Degree, business administration majors at UIUC accumulate an average of around $41,786 in student debt.

Full Business Administration & Management at University of Illinois at Urbana-Champaign Report

You’ll join some of the best and brightest minds around you if you attend Illinois Institute of Technology. The school came in at #5 on this year’s Best Business Administration & Management Master’s Degree Schools in Illinois list. Located in the large city of Chicago, Illinois Tech is a private not-for-profit school with a moderately-sized student population.

After completing their Master's Degree, business administration graduates from Illinois Tech carry an average student debtload of $80,902.

Full Business Administration & Management at Illinois Institute of Technology Report

#6

DePaul University

Chicago, IL

With a ranking of #6, DePaul University did quite well on this year’s best schools for business administration & management students working on their master’s degree. Located in the large city of Chicago, DePaul is a private not-for-profit college with a fairly large student population.

On average, business administration graduates from DePaul take out $50,869 in student loans while working on their Master's Degree.

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With a ranking of #7, Northern Illinois University did quite well on this year’s best schools for business administration & management students working on their master’s degree. NIU is a large public school located in the small suburb of Dekalb.

The average amount in student loans that business administration majors at NIU take out while working on their Master's Degree is $35,318.

Read full report on Business Administration & Management at Northern Illinois University

#8

Bradley University

Peoria, IL

Bradley University ranked #8 on this year’s Best Business Administration & Management Master’s Degree Schools in Illinois list. Located in the city of Peoria, Bradley is a private not-for-profit school with a moderately-sized student population.

Read full report on Business Administration & Management at Bradley University

Illinois State University ranked #9 on this year’s Best Business Administration & Management Master’s Degree Schools in Illinois list. Illinois State is a fairly large public school located in the medium-sized suburb of Normal.

Business Administration majors at Illinois State take out an average of $28,188 in student loans while working on their Master's Degree.

Full Business Administration & Management at Illinois State University Report

Loyola University Chicago ranked #10 on this year’s Best Business Administration & Management Master’s Degree Schools in Illinois list. Located in the city of Chicago, Loyola Chicago is a private not-for-profit college with a fairly large student population.

After completing their Master's Degree, business administration graduates from Loyola Chicago carry an average student debtload of $63,491.

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Best Business Administration & Management Colleges in the Great Lakes Region

Explore all the Best Business Administration & Management Schools 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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