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Most Popular Business Master's Degree Schools in Illinois

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2023 Most Popular Business Master's Degree Schools in Illinois

45 Schools Ranked

With all the business programs available today, it can be tough to choose which one is the best for you. 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.

The Most Popular Business 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. Our analysis looked at 45 schools in Illinois to see which master's degree programs were the most popular for business students. To create this ranking we looked at how many students graduated from each school on the list.

Learn more about these popular schools below:

#1

Northwestern University

Evanston, Illinois
2,787 Total Awards
$56,567 Average Tuition & Fees

Our analysis found Northwestern University to be the most popular school for business students who want to pursue a master’s degree in Illinois. Northwestern is a private not-for-profit institution located in Evanston, Illinois. The school has a large population, and it awarded 2,787 master’s degrees in 2020-2021.

Of those students who received their degree, 35% were women.

If you are interested in distance education, be sure to check with the school since Northwestern does offer online graduate classes for certain majors. In 2019-2020 about 2% of the graduate students at the school chose to take one or more online courses.

Read full report on Northwestern University

1,794 Total Awards
$17,823 Average Tuition & Fees

The excellent master’s degree programs at University of Illinois at Urbana-Champaign helped the school earn the #2 place on this year’s ranking of the most popular business schools in Illinois. Located in Champaign, Illinois, the large public school handed out 1,794 master’s degree awards in 2020-2021.

Around 43% of those degree recipients were women.

UIUC does offer online graduate classes for certain degree levels. In fact, around 90% of the graduate population registered for at least one online class in 2019-2020.

Full University of Illinois at Urbana-Champaign Report

#3

DeVry University - Illinois

Chicago, Illinois
1,429 Total Awards
$17,552 Average Tuition & Fees

You’ll be in good company if you attend DeVry University - Illinois. The school came in at #3 on this year’s Most Popular Business Master’s Degree Schools in Illinois list. DeVry University - Illinois is located in Chicago, Illinois and has a large student population. In 2020-2021, this school awarded 1,429 master’s degrees to qualified students.

Of those students who received their degree, 63% were women.

Online graduate courses are available at DeVry University - Illinois, 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 97% took at least some of their classes online.

Read full report on DeVry University - Illinois

#4

University of Chicago

Chicago, Illinois
1,194 Total Awards
$63,936 Average Tuition & Fees

The excellent master’s degree programs at University of Chicago helped the school earn the #4 place on this year’s ranking of the most popular business schools in Illinois. Located in Chicago, Illinois, the fairly large private not-for-profit school handed out 1,194 master’s degree awards in 2020-2021.

Around 33% of those degree recipients were women.

Read More…

#5

DePaul University

Chicago, Illinois
1,046 Total Awards
$18,341 Average Tuition & Fees

The excellent master’s degree programs at DePaul University helped the school earn the #5 place on this year’s ranking of the most popular business schools in Illinois. DePaul is a private not-for-profit institution located in Chicago, Illinois. The school has a large population, and it awarded 1,046 master’s degrees in 2020-2021.

Of those students who received their degree, 52% were women.

You may have the opportunity to take online graduate classes at DePaul. In fact, around 96% of the graduate population registered for at least one online class in 2019-2020.

Full DePaul University Report

383 Total Awards
$17,277 Average Tuition & Fees

University of Illinois at Chicago came in at #6 in this year’s edition of the Most Popular Business Master’s Degree Schools in Illinois ranking. University of Illinois at Chicago is a large public school located in Chicago, Illinois that handed out 383 master’s degrees in 2020-2021.

Around 46% of those degree recipients were women.

One thing to take note of is that UIC does offer online graduate classes in some areas. In 2019-2020 about 95% of the graduate students at the school chose to take one or more online courses.

Read More…

#7

Benedictine University

Lisle, Illinois
332 Total Awards
$19,640 Average Tuition & Fees

With a ranking of #7, Benedictine University did quite well on this year’s most popular schools for business students working on their master’s degree. This small private not-for-profit school is located in Lisle, Illinois, and it awarded 332 master’s degrees in 2020-2021.

Of those students who received their degree, 61% were women.

One thing to take note of is that Benedictine U does offer online graduate classes in some areas. To give an idea of how popular online courses are at the school, 100% of graduates took at least one course online in 2019-2020.

Read full report on Benedictine University

#8

Northern Illinois University

Dekalb, Illinois
327 Total Awards
$11,390 Average Tuition & Fees

Northern Illinois University did quite well in this year’s ranking of the most popular places for business students to get a master’s degree. It came in at #8 on the list. Northern Illinois University is a fairly large public school located in Dekalb, Illinois that handed out 327 master’s degrees in 2020-2021.

Around 37% of those degree recipients were women.

One thing to take note of is that NIU does offer online graduate classes in some areas. To give an idea of how popular online courses are at the school, 43% of graduates took at least one course online in 2019-2020.

Full Northern Illinois University Report

#9

Loyola University Chicago

Chicago, Illinois
281 Total Awards
$19,894 Average Tuition & Fees

Loyola University Chicago came in at #9 in this year’s edition of the Most Popular Business Master’s Degree Schools in Illinois ranking. Located in Chicago, Illinois, the fairly large private not-for-profit school handed out 281 master’s degree awards in 2020-2021.

Around 49% of those degree recipients were women.

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 fact, around 92% of the graduate population registered for at least one online class in 2019-2020.

Read More…

#10

Roosevelt University

Chicago, Illinois
212 Total Awards
$21,605 Average Tuition & Fees

Roosevelt University landed the #10 spot in the 2023 rankings for the most popular master’s degree business programs. Roosevelt is a small private not-for-profit school situated in Chicago, Illinois. It awarded 212 master’s degrees in 2020-2021.

Around 59% of those degree recipients were women.

Depending on your major, you may be able to take online graduate classes at Roosevelt. In fact, around 44% of the graduate population registered for at least one online class in 2019-2020.

Read More…

#11

Concordia University, Chicago

River Forest, Illinois
196 Total Awards
$9,378 Average Tuition & Fees

Concordia University, Chicago landed the #11 spot in the 2023 rankings for the most popular master’s degree business programs. River Forest, Illinois is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out master’s degrees to 196 students in 2020-2021.

Around 58% of those degree recipients were women.

If you are interested in distance education, be sure to check with the school since Concordia University, Chicago does offer online graduate classes for certain majors. To give an idea of how popular online courses are at the school, 98% of graduates took at least one course online in 2019-2020.

Read full report on Concordia University, Chicago

#12

Southern Illinois University Edwardsville

Edwardsville, Illinois
176 Total Awards
$9,316 Average Tuition & Fees

With a ranking of #12, Southern Illinois University Edwardsville did quite well on this year’s most popular schools for business students working on their master’s degree. SIUE is a public institution located in Edwardsville, Illinois. The school has a fairly large population, and it awarded 176 master’s degrees in 2020-2021.

Around 47% of those degree recipients were women.

If you are interested in distance education, be sure to check with the school since SIUE does offer online graduate classes for certain majors. In 2019-2020 about 86% of the graduate students at the school chose to take one or more online courses.

Read More…

#13

Lewis University

Romeoville, Illinois
164 Total Awards
$14,960 Average Tuition & Fees

Lewis University ranked #13 on this year’s Most Popular Business Master’s Degree Schools in Illinois list. This medium-sized private not-for-profit school is located in Romeoville, Illinois, and it awarded 164 master’s degrees in 2020-2021.

Of those students who received their degree, 63% were women.

You may have the opportunity to take online graduate classes at Lewis. During the 2019-2020 year, about 85% of the graduate students at the school took at least one online course.

Read full report on Lewis University

#14

Aurora University

Aurora, Illinois
153 Total Awards

Aurora University came in at #14 in this year’s edition of the Most Popular Business Master’s Degree Schools in Illinois ranking. Located in Aurora, Illinois, the medium-sized private not-for-profit school handed out 153 master’s degree awards in 2020-2021.

Around 65% of those degree recipients were women.

One thing to take note of is that Aurora does offer online graduate classes in some areas. To give an idea of how popular online courses are at the school, 87% of graduates took at least one course online in 2019-2020.

Read More…

#15

Illinois State University

Normal, Illinois
150 Total Awards
$9,773 Average Tuition & Fees

Illinois State University did quite well in this year’s ranking of the most popular places for business students to get a master’s degree. It came in at #15 on the list. Illinois State is a public institution located in Normal, Illinois. The school has a large population, and it awarded 150 master’s degrees in 2020-2021.

Around 50% of those degree recipients were women.

You may have the opportunity to take online graduate classes at Illinois State. Of all the graduate students enrolled at the school during the 2019-2020 academic year, around 81% took at least some of their classes online.

Read full report on Illinois State University

122 Total Awards

Lake Forest Graduate School of Management did quite well in this year’s ranking of the most popular places for business students to get a master’s degree. It came in at #16 on the list. Lake Forest, Illinois is the setting for this very small institution of higher learning. The private not-for-profit school handed out master’s degrees to 122 students in 2020-2021.

Around 53% of those degree recipients were women.

Lake Forest Graduate School of Management is one of the schools on our list that is primarily online. Each graduate student at the school took at least one class online.

Full Lake Forest Graduate School of Management Report

#17

Elmhurst University

Elmhurst, Illinois
108 Total Awards
$32,800 Average Tuition & Fees

Elmhurst University landed the #17 spot in the 2023 rankings for the most popular master’s degree business programs. Elmhurst is located in Elmhurst, Illinois and has a small student population. In 2020-2021, this school awarded 108 master’s degrees to qualified students.

Around 46% of those degree recipients were women.

Online graduate courses are available at Elmhurst, but you will need to check with the school to see if they are available for your field of interest. To give an idea of how popular online courses are at the school, 64% of graduates took at least one course online in 2019-2020.

Read More…

#18

Saint Xavier University

Chicago, Illinois
106 Total Awards
$15,450 Average Tuition & Fees

With a ranking of #18, Saint Xavier University did quite well on this year’s most popular schools for business students working on their master’s degree. SXU is a private not-for-profit institution located in Chicago, Illinois. The school has a small population, and it awarded 106 master’s degrees in 2020-2021.

Of those students who received their degree, 58% were women.

Online graduate courses are available at SXU, 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 63% took at least some of their classes online.

Read full report on Saint Xavier University

#19

Illinois Institute of Technology

Chicago, Illinois
100 Total Awards
$30,822 Average Tuition & Fees

Illinois Institute of Technology landed the #19 spot in the 2023 rankings for the most popular master’s degree business programs. Located in Chicago, Illinois, the medium-sized private not-for-profit school awarded 100 diplomas to qualifed master’s degree students in 2020-2021.

Of those students who received their degree, 34% were women.

If you are interested in distance education, be sure to check with the school since Illinois Tech does offer online graduate classes for certain majors. Of all the graduate students enrolled at the school during the 2019-2020 academic year, around 42% took at least some of their classes online.

Full Illinois Institute of Technology Report

#20

McKendree University

Lebanon, Illinois
77 Total Awards

McKendree University came in at #20 in this year’s edition of the Most Popular Business Master’s Degree Schools in Illinois ranking. This small private not-for-profit school is located in Lebanon, Illinois, and it awarded 77 master’s degrees in 2020-2021.

Around 56% of those degree recipients were women.

One thing to take note of is that McKendree does offer online graduate classes in some areas. During the 2019-2020 year, about 68% of the graduate students at the school took at least one online course.

Read More…

#21

National Louis University

Chicago, Illinois
75 Total Awards
$12,096 Average Tuition & Fees

National Louis University landed the #21 spot in the 2023 rankings for the most popular master’s degree business programs. NLU is a private not-for-profit institution located in Chicago, Illinois. The school has a medium-sized population, and it awarded 75 master’s degrees in 2020-2021.

Around 56% of those degree recipients were women.

If you are interested in distance education, be sure to check with the school since NLU does offer online graduate classes for certain majors. 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.

Read More…

#22

North Park University

Chicago, Illinois
74 Total Awards
$14,184 Average Tuition & Fees

North Park University ranked #22 on this year’s Most Popular Business Master’s Degree Schools in Illinois list. North Park University is a small private not-for-profit school located in Chicago, Illinois that handed out 74 master’s degrees in 2020-2021.

Of those students who received their degree, 70% were women.

Depending on your major, you 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.

Read More…

#23

University of St Francis

Joliet, Illinois
73 Total Awards
$13,839 Average Tuition & Fees

University of St Francis landed the #23 spot in the 2023 rankings for the most popular master’s degree business programs. University of Saint Francis is a small private not-for-profit school situated in Joliet, Illinois. It awarded 73 master’s degrees in 2020-2021.

Around 49% of those degree recipients were women.

If you are interested in distance education, be sure to check with the school since University of Saint Francis does offer online graduate classes for certain majors. In 2019-2020 about 89% of the graduate students at the school chose to take one or more online courses.

Read full report on University of St Francis

72 Total Awards
$16,162 Average Tuition & Fees

Southern Illinois University Carbondale came in at #24 in this year’s edition of the Most Popular Business Master’s Degree Schools in Illinois ranking. Carbondale, Illinois is the setting for this fairly large institution of higher learning. The public school handed out master’s degrees to 72 students in 2020-2021.

Of those students who received their degree, 51% were women.

If you are interested in distance education, be sure to check with the school since SIUC does offer online graduate classes for certain majors. Of all the graduate students enrolled at the school during the 2019-2020 academic year, around 24% took at least some of their classes online.

Full Southern Illinois University Carbondale Report

#25

Bradley University

Peoria, Illinois
69 Total Awards
$17,400 Average Tuition & Fees

Bradley University ranked #25 on this year’s Most Popular Business Master’s Degree Schools in Illinois list. Located in Peoria, Illinois, the medium-sized private not-for-profit school awarded 69 diplomas to qualifed master’s degree students in 2020-2021.

Of those students who received their degree, 42% were women.

Some students may be able to take online graduate classes at Bradley. In 2019-2020 about 95% of the graduate students at the school chose to take one or more online courses.

Read More…

Most Popular Business Master's Degree Schools in the Great Lakes Region

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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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