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Highlighting Quality Schools With More Affordable Prices
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. Also, there are a number of trade schools and bootcamps with offerings that you might find attractive.
To help you arm yourself with the information you need to make your decision, Business Degree Central has developed this <nil> ranking.
Our ranking of value is based on the quality of a program as defined in our per sticker price dollar. Specifically, our score for quality is discounted by the published tuition and fees charged by the given college. This gives the cost per unit of quality for each college. The more quality your dollar buys, the better the value.
In our regional and nationwide rankings, out-of-state tution and fees are used in our calculations. For statewide rankings, we use average in-state tuition and fees.
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Top Value Business Master's Degree Schools in Illinois
Learn more about these excellent schools below:
Our rankings named Rasmussen University - Illinois the best value school in Illinois for business students working on their master’s degree. Located in Rockford, Illinois, the small private for-profit school handed out 4 master’s degree awards in 2020-2021.
Rasmussen University - Illinois graduate students pay an average of $5,615 in tuition and fees each year.
Since the graduate programs at Rasmussen University - Illinois are online, the school is an excellent choice for graduate students who need more flexibility than what is offered at some other schools.
Rasmussen University - Illinois not only placed well in our value ranking, but it is also #5 on our list.
A rank of #2 on this year’s list means Illinois State University is a great place for business students working on their master’s degree who want the most bang for their educational buck. Illinois State is a large public school situated in Normal, Illinois. It awarded 150 master’s degrees in 2020-2021.
The average tuition and fees for an out-of-state graduate students at Illinois State are $11,773 a year.
Illinois State does offer online graduate classes for certain degree levels. In 2019-2020 about 81% of the graduate students at the school chose to take one or more online courses.
The excellent master’s degree programs at Southern Illinois University Edwardsville helped the school earn the #3 place on this year’s ranking of the best value business schools in Illinois. Located in Edwardsville, Illinois, the fairly large public school awarded 176 diplomas to qualifed master’s degree students in 2020-2021.
The average tuition and fees for an out-of-state graduate students at SIUE are $9,316 a year.
Online graduate courses are available at SIUE, but you will need to check with the school to see if they are available for your field of interest. Of all the graduate students enrolled at the school during the 2019-2020 academic year, around 86% took at least some of their classes online.
Out of the 34 schools in Illinois that were part of this year’s value ranking, Northern Illinois University landed the # 4 spot on the list. NIU is located in Dekalb, Illinois and has a fairly large student population. In 2020-2021, this school awarded 327 master’s degrees to qualified students.
Out-of-state tuition fees for graduate students at NIU are $11,390 per year.
NIU does offer online graduate classes for certain degree levels. In fact, around 43% of the graduate population registered for at least one online class in 2019-2020.
Out of the 34 schools in Illinois that were part of this year’s value ranking, University of Illinois at Urbana-Champaign landed the # 5 spot on the list. UIUC is a public institution located in Champaign, Illinois. The school has a large population, and it awarded 1,794 master’s degrees in 2020-2021.
Out-of-state tuition fees for graduate students at UIUC are $30,862 per year.
You may have the opportunity to take online graduate classes at UIUC. Of all the graduate students enrolled at the school during the 2019-2020 academic year, around 90% took at least some of their classes online.
UIUC also made our list, coming in at #3.
University of Illinois at Springfield did quite well in this year’s ranking of the best value places for business students to get a master’s degree. It came in at #6 on the list. Springfield, Illinois is the setting for this small institution of higher learning. The public school handed out master’s degrees to 58 students in 2020-2021.
The average tuition and fees for an out-of-state graduate students at UIS are $16,757 a year.
If you are interested in distance education, be sure to check with the school since UIS does offer online graduate classes for certain majors. In fact, around 96% of the graduate population registered for at least one online class in 2019-2020.
With a ranking of #7, Governors State University did quite well on this year’s best value schools for business students working on their master’s degree. Located in University Park, Illinois, the small public school handed out 43 master’s degree awards in 2020-2021.
The average tuition and fees for an out-of-state graduate students at GSU are $14,674 a year.
Some students may be able to take online graduate classes at GSU. In 2019-2020 about 35% of the graduate students at the school chose to take one or more online courses.
Concordia University, Chicago did quite well in this year’s ranking of the best value places for business students to get a master’s degree. It came in at #8 on the list. This medium-sized private not-for-profit school is located in River Forest, Illinois, and it awarded 196 master’s degrees in 2020-2021.
Concordia University, Chicago graduate students pay an average of $9,378 in tuition and fees each year.
Some students may be able to take online graduate classes at Concordia University, Chicago. Of all the graduate students enrolled at the school during the 2019-2020 academic year, around 98% took at least some of their classes online.
Northeastern Illinois University ranked #9 on this year’s list. Northeastern Illinois University is a public institution located in Chicago, Illinois. The school has a medium-sized population, and it awarded 69 master’s degrees in 2020-2021.
Northeastern Illinois University graduate students pay an average of $17,375 in tuition and fees each year.
Online graduate courses are available at Northeastern Illinois University, but you will need to check with the school to see if they are available for your field of interest. Of all the graduate students enrolled at the school during the 2019-2020 academic year, around 99% took at least some of their classes online.
Bradley University ranked #10 on this year’s list. Peoria, Illinois is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out master’s degrees to 69 students in 2020-2021.
The average tuition and fees for an out-of-state graduate students at Bradley are $17,400 a year.
Online graduate courses are available at Bradley, but you will need to check with the school to see if they are available for your field of interest. During the 2019-2020 year, about 95% of the graduate students at the school took at least one online course.
Bradley also claimed a spot on our list. It’s in the top 15% of all schools in this category.
Western Illinois University ranked #11 on this year’s list. WIU is a medium-sized public school situated in Macomb, Illinois. It awarded 67 master’s degrees in 2020-2021.
The average tuition and fees for an out-of-state graduate students at WIU are $12,182 a year.
Depending on your major, you may be able to take online graduate classes at WIU. In 2019-2020 about 71% of the graduate students at the school chose to take one or more online courses.
With a ranking of #12, University of St Francis did quite well on this year’s best value schools for business students working on their master’s degree. Joliet, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out master’s degrees to 73 students in 2020-2021.
Out-of-state tuition fees for graduate students at University of Saint Francis are $13,839 per year.
You may have the opportunity to take online graduate classes at University of Saint Francis. In 2019-2020 about 89% of the graduate students at the school chose to take one or more online courses.
Aurora University landed the #13 spot in the rankings for the best value master’s degree business programs. Aurora University is a medium-sized private not-for-profit school located in Aurora, Illinois that handed out 153 master’s degrees in 2020-2021.
The average tuition and fees for an out-of-state graduate students at Aurora are $14,100 a year.
Aurora does offer online graduate classes for certain degree levels. During the 2019-2020 year, about 87% of the graduate students at the school took at least one online course.
Eastern Illinois University landed the #13 spot in the rankings for the best value master’s degree business programs. Located in Charleston, Illinois, the medium-sized public school awarded 54 diplomas to qualifed master’s degree students in 2020-2021.
EIU graduate students pay an average of $21,407 in tuition and fees each year.
EIU does offer online graduate classes for certain degree levels. During the 2019-2020 year, about 75% of the graduate students at the school took at least one online course.
Lewis University came in at #15 in this year’s edition of the ranking. This medium-sized private not-for-profit school is located in Romeoville, Illinois, and it awarded 164 master’s degrees in 2020-2021.
Out-of-state tuition fees for graduate students at Lewis are $14,960 per year.
Lewis does offer online graduate classes for certain degree levels. In fact, around 85% of the graduate population registered for at least one online class in 2019-2020.
DePaul University ranked #16 on this year’s list. DePaul is a large private not-for-profit school situated in Chicago, Illinois. It awarded 1,046 master’s degrees in 2020-2021.
DePaul graduate students pay an average of $18,341 in tuition and fees each year.
Depending on your major, you may be able to take online graduate classes at DePaul. To give an idea of how popular online courses are at the school, 96% of graduates took at least one course online in 2019-2020.
Olivet Nazarene University landed the #17 spot in the rankings for the best value master’s degree business programs. Bourbonnais, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out master’s degrees to 66 students in 2020-2021.
Olivet Nazarene graduate students pay an average of $12,190 in tuition and fees each year.
Depending on your major, you may be able to take online graduate classes at Olivet Nazarene. In fact, around 97% of the graduate population registered for at least one online class in 2019-2020.
Loyola University Chicago did quite well in this year’s ranking of the best value places for business students to get a master’s degree. It came in at #18 on the list. Loyola Chicago is a private not-for-profit institution located in Chicago, Illinois. The school has a fairly large population, and it awarded 281 master’s degrees in 2020-2021.
The average tuition and fees for an out-of-state graduate students at Loyola Chicago are $19,894 a year.
If you are interested in distance education, be sure to check with the school since Loyola Chicago does offer online graduate classes for certain majors. In 2019-2020 about 92% of the graduate students at the school chose to take one or more online courses.
Loyola Chicago also claimed a spot on our list. It’s in the top 20% of all schools in this category.
North Central College came in at #19 in this year’s edition of the ranking. North Central is located in Naperville, Illinois and has a small student population. In 2020-2021, this school awarded 37 master’s degrees to qualified students.
The average tuition and fees for an out-of-state graduate students at North Central are $15,822 a year.
North Central does have options available for those who want to take online graduate classes. You will need to check with the school to see if they are available for your specific major. In 2019-2020 about 70% of the graduate students at the school chose to take one or more online courses.
University of Illinois at Chicago did quite well in this year’s ranking of the best value places for business students to get a master’s degree. It came in at #20 on the list. University of Illinois at Chicago is a large public school located in Chicago, Illinois that handed out 383 master’s degrees in 2020-2021.
UIC graduate students pay an average of $28,468 in tuition and fees each year.
You may have the opportunity to take online graduate classes at UIC. In 2019-2020 about 95% of the graduate students at the school chose to take one or more online courses.
North Park University did quite well in this year’s ranking of the best value places for business students to get a master’s degree. It came in at #21 on the list. North Park is located in Chicago, Illinois and has a small student population. In 2020-2021, this school awarded 74 master’s degrees to qualified students.
The average tuition and fees for an out-of-state graduate students at North Park are $14,184 a year.
Some students may be able to take online graduate classes at North Park. In fact, around 92% of the graduate population registered for at least one online class in 2019-2020.
With a ranking of #22, Judson University did quite well on this year’s best value schools for business students working on their master’s degree. Judson is a private not-for-profit institution located in Elgin, Illinois. The school has a small population, and it awarded 35 master’s degrees in 2020-2021.
Judson graduate students pay an average of $16,314 in tuition and fees each year.
Online graduate courses are available at Judson, but you will need to check with the school to see if they are available for your field of interest. In fact, around 45% of the graduate population registered for at least one online class in 2019-2020.
With a ranking of #23, National Louis University did quite well on this year’s best value schools for business students working on their master’s degree. NLU is a medium-sized private not-for-profit school situated in Chicago, Illinois. It awarded 75 master’s degrees in 2020-2021.
NLU graduate students pay an average of $12,096 in tuition and fees each year.
NLU does offer online graduate classes for certain degree levels. Of all the graduate students enrolled at the school during the 2019-2020 academic year, around 59% took at least some of their classes online.
Southern Illinois University Carbondale did quite well in this year’s ranking of the best value places for business students to get a master’s degree. It came in at #24 on the list. Located in Carbondale, Illinois, the fairly large public school awarded 72 diplomas to qualifed master’s degree students in 2020-2021.
SIUC graduate students pay an average of $33,064 in tuition and fees each year.
Some students may be able to take online graduate classes at SIUC. In 2019-2020 about 24% of the graduate students at the school chose to take one or more online courses.
Chicago State University landed the #25 spot in the rankings for the best value master’s degree business programs. This small public school is located in Chicago, Illinois, and it awarded 21 master’s degrees in 2020-2021.
CSU graduate students pay an average of $15,218 in tuition and fees each year.
One thing to take note of is that CSU does offer online graduate classes in some areas. In fact, around 27% of the graduate population registered for at least one online class in 2019-2020.
More Illinois Rankings
Notes and References
Footnotes
*These averages are for the top 25 schools only.
References
- 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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