2023 Best Business Schools in Illinois
Today's business students have lots of options to pick from when considering higher education opportunities. 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. On top of that, there are a considerable number of trade schools and bootcamp that offer fast-track entry to many fields.
To help you arm yourself with the information you need to make your decision, Business Degree Central has developed this <nil> ranking.
View our full ranking methodology.
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Top Business Schools in Illinois
Learn more about these excellent schools below:
Our rankings named University of Chicago the best school in Illinois for business students working on their degree.
By the time they get their degree, students from this school have racked up an average of $15,217 in student loans. Those who take out this much in loans have to make a monthly payment of about $708 if they are on a 10-year repayment plan. Once they receive their degree, UChicago graduates enter the workforce, making an average salary of $62,519 during the early year of their career.
Out of the 46 schools in Illinois that were part of this year’s ranking, Northwestern University landed the # 2 spot on the list.
Degree recipients from Northwestern accumulate an average of $19,000 in student debt by the time they complete their degree. If you borrow this amount, expect your monthly student loan payment to be around $576, assuming you are on a 10-year repayment plan. During the early years of their career, Northwestern graduates make an average of $69,538 annually.
A rank of #3 on this year’s list means University of Illinois at Urbana-Champaign is a great place for business students.
By the time they get their degree, students from this school have racked up an average of $18,891 in student loans. If you borrow this amount, expect your monthly student loan payment to be around $415, assuming you are on a 10-year repayment plan. Once they receive their degree, UIUC graduates enter the workforce, making an average salary of $53,270 during the early year of their career.
Read full report on University of Illinois at Urbana-Champaign
You’ll join some of the best and brightest minds around you if you attend Illinois Wesleyan University. The school came in at #4 on this year’s list.
On average, students take out $23,212 in loans while pursuing their degree. If you borrow this amount, expect your monthly student loan payment to be around $401, assuming you are on a 10-year repayment plan. Once they receive their degree, Illinois Wesleyan graduates enter the workforce, making an average salary of $43,102 during the early year of their career.
You’ll join some of the best and brightest minds around you if you attend Rasmussen University - Illinois. The school came in at #5 on this year’s list.
Degree recipients from Rasmussen University - Illinois accumulate an average of $30,604 in student debt by the time they complete their degree. Those who take out this much in loans have to make a monthly payment of about $127 if they are on a 10-year repayment plan. During the early years of their career, Rasmussen University - Illinois graduates make an average of $41,940 annually.
Augustana College came in at #6 in this year’s edition of the ranking.
On average, students take out $25,410 in loans while pursuing their degree. If you borrow this amount, expect your monthly student loan payment to be around $321, assuming you are on a 10-year repayment plan. Once they receive their degree, Augustana graduates enter the workforce, making an average salary of $35,627 during the early year of their career.
With a ranking of #7, Loyola University Chicago did quite well on this year’s best schools for business students working.
By the time they get their degree, students from this school have racked up an average of $22,930 in student loans. Those who take out this much in loans have to make a monthly payment of about $652 if they are on a 10-year repayment plan.After graduating from Loyola Chicago, students go on to jobs where they make an average of $47,459 during the early years of their career.
Bradley University did quite well in this year’s ranking of the best places for business students. It came in at #8 on the list.
Degree recipients from Bradley accumulate an average of $25,068 in student debt by the time they complete their degree. If you borrow this amount, expect your monthly student loan payment to be around $575, assuming you are on a 10-year repayment plan. Once they receive their degree, Bradley graduates enter the workforce, making an average salary of $52,822 during the early year of their career.
Illinois State University came in at #9 in this year’s edition of the ranking.
By the time they get their degree, students from this school have racked up an average of $21,109 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $312. During the early years of their career, Illinois State graduates make an average of $44,092 annually.
Illinois Institute of Technology landed the #10 spot in the rankings for the best business programs.
By the time they get their degree, students from this school have racked up an average of $24,232 in student loans.After graduating from Illinois Tech, students go on to jobs where they make an average of $68,021 during the early years of their career.
DePaul University landed the #11 spot in the rankings for the best business programs.
Degree recipients from DePaul accumulate an average of $24,047 in student debt by the time they complete their degree. If you borrow this amount, expect your monthly student loan payment to be around $517, assuming you are on a 10-year repayment plan. Once they receive their degree, DePaul graduates enter the workforce, making an average salary of $49,846 during the early year of their career.
Elmhurst University came in at #12 in this year’s edition of the ranking.
On average, students take out $21,567 in loans while pursuing their degree. For those students on a 10-year repayment plan, the average payment due each month is around $321.After graduating from Elmhurst, students go on to jobs where they make an average of $47,474 during the early years of their career.
Northern Illinois University ranked #13 on this year’s list.
By the time they get their degree, students from this school have racked up an average of $25,759 in student loans. If you borrow this amount, expect your monthly student loan payment to be around $216, assuming you are on a 10-year repayment plan. During the early years of their career, NIU graduates make an average of $48,041 annually.
Lewis University came in at #14 in this year’s edition of the ranking.
On average, students take out $23,413 in loans while pursuing their degree. For those students on a 10-year repayment plan, the average payment due each month is around $411. Once they receive their degree, Lewis graduates enter the workforce, making an average salary of $48,984 during the early year of their career.
Judson University landed the #15 spot in the rankings for the best business programs.
On average, students take out $24,525 in loans while pursuing their degree. During the early years of their career, Judson graduates make an average of $42,419 annually.
North Central College landed the #16 spot in the rankings for the best business programs.
On average, students take out $23,457 in loans while pursuing their degree. Those who take out this much in loans have to make a monthly payment of about $330 if they are on a 10-year repayment plan.After graduating from North Central, students go on to jobs where they make an average of $40,224 during the early years of their career.
Lincoln College came in at #17 in this year’s edition of the ranking.
Degree recipients from Lincoln College accumulate an average of $23,112 in student debt by the time they complete their degree. For those students on a 10-year repayment plan, the average payment due each month is around $102. Once they receive their degree, Lincoln College graduates enter the workforce, making an average salary of $48,437 during the early year of their career.
Trinity Christian College ranked #18 on this year’s list.
On average, students take out $29,340 in loans while pursuing their degree. During the early years of their career, Trinity Christian graduates make an average of $43,856 annually.
With a ranking of #19, McKendree University did quite well on this year’s best schools for business students working.
Degree recipients from McKendree accumulate an average of $24,607 in student debt by the time they complete their degree. If you borrow this amount, expect your monthly student loan payment to be around $207, assuming you are on a 10-year repayment plan. Once they receive their degree, McKendree graduates enter the workforce, making an average salary of $47,532 during the early year of their career.
Aurora University came in at #20 in this year’s edition of the ranking.
Degree recipients from Aurora accumulate an average of $25,543 in student debt by the time they complete their degree. If you borrow this amount, expect your monthly student loan payment to be around $198, assuming you are on a 10-year repayment plan.After graduating from Aurora, students go on to jobs where they make an average of $47,673 during the early years of their career.
Western Illinois University came in at #21 in this year’s edition of the ranking.
By the time they get their degree, students from this school have racked up an average of $28,617 in student loans. Those who take out this much in loans have to make a monthly payment of about $266 if they are on a 10-year repayment plan.After graduating from WIU, students go on to jobs where they make an average of $38,708 during the early years of their career.
With a ranking of #22, University of St Francis did quite well on this year’s best schools for business students working.
On average, students take out $28,383 in loans while pursuing their degree. For those students on a 10-year repayment plan, the average payment due each month is around $332.After graduating from University of Saint Francis, students go on to jobs where they make an average of $60,805 during the early years of their career.
University of Illinois at Chicago did quite well in this year’s ranking of the best places for business students. It came in at #23 on the list.
By the time they get their degree, students from this school have racked up an average of $19,801 in student loans. Those who take out this much in loans have to make a monthly payment of about $259 if they are on a 10-year repayment plan. Once they receive their degree, UIC graduates enter the workforce, making an average salary of $53,836 during the early year of their career.
Dominican University ranked #24 on this year’s list.
On average, students take out $28,848 in loans while pursuing their degree. For those students on a 10-year repayment plan, the average payment due each month is around $140.After graduating from Dominican U, students go on to jobs where they make an average of $42,201 during the early years of their career.
DeVry University - Illinois came in at #25 in this year’s edition of the ranking.
Degree recipients from DeVry University - Illinois accumulate an average of $40,148 in student debt by the time they complete their degree. For those students on a 10-year repayment plan, the average payment due each month is around $163. Once they receive their degree, DeVry University - Illinois graduates enter the workforce, making an average salary of $48,020 during the early year of their career.
Notes and References
Footnotes
*These averages are for the top 25 schools only.
References
- 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 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%.
More about our data sources and methodologies.
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