Top MBA programs in Illinois

We rank the best MBA programs according to the economic return of graduating students. Our business ranking category includes more specific business degrees such as finance, accounting, marketing, and human resource management, all of which are accessible from the "additional ranking" filter.  

Our MBA rankings cover 812 of the 994 universities available, accounting for 93% of total student conferrals. Three years after completing their degree, graduates earn a weighted average salary of $68,748.

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39 Results (Showing 20 of 39)

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#1 in Illinois | #19 in Business schools nationally

University of Chicago

Chicago, Illinois

Economic score: 0.18

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $178,485

Median earnings of all students 3 years after graduation.

EarningsPlus: + $107,931

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $79,808

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.45

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

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#2 in Illinois | #101 in Business schools nationally

University of Illinois Urbana, Champaign

Champaign, Illinois

Economic score: 0.27

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $115,158

Median earnings of all students 3 years after graduation.

EarningsPlus: + $42,286

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $49,432

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.43

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#3 in Illinois | #119 in Business schools nationally

Northern Illinois University

Dekalb, Illinois

Economic score: 0.28

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $94,214

Median earnings of all students 3 years after graduation.

EarningsPlus: + $20,409

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $33,459

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.36

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#4 in Illinois | #127 in Business schools nationally

Elmhurst University

Elmhurst, Illinois

Economic score: 0.28

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $86,731

Median earnings of all students 3 years after graduation.

EarningsPlus: + $13,205

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $29,053

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.33

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#5 in Illinois | #160 in Business schools nationally

DePaul University

Chicago, Illinois

Economic score: 0.30

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $109,948

Median earnings of all students 3 years after graduation.

EarningsPlus: + $37,461

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $50,617

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.46

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#6 in Illinois | #164 in Business schools nationally

Northwestern University

Evanston, Illinois

Economic score: 0.30

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $194,961

Median earnings of all students 3 years after graduation.

EarningsPlus: + $123,873

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $162,886

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.84

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#7 in Illinois | #201 in Business schools nationally

Southern Illinois University, Edwardsville

Edwardsville, Illinois

Economic score: 0.33

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $72,924

Median earnings of all students 3 years after graduation.

EarningsPlus: - $364

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $23,898

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.33

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#8 in Illinois | #223 in Business schools nationally

University of Illinois Springfield

Springfield, Illinois

Economic score: 0.34

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $73,396

Median earnings of all students 3 years after graduation.

EarningsPlus: - $396

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $25,166

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.34

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#9 in Illinois | #231 in Business schools nationally

Western Illinois University

Macomb, Illinois

Economic score: 0.35

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $79,149

Median earnings of all students 3 years after graduation.

EarningsPlus: + $5,466

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $29,639

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.37

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#10 in Illinois | #235 in Business schools nationally

University of St Francis

Joliet, Illinois

Economic score: 0.35

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $77,995

Median earnings of all students 3 years after graduation.

EarningsPlus: + $4,167

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $28,826

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.37

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#11 in Illinois | #239 in Business schools nationally

Illinois State University

Normal, Illinois

Economic score: 0.35

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $77,896

Median earnings of all students 3 years after graduation.

EarningsPlus: + $3,964

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $28,806

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.37

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#12 in Illinois | #251 in Business schools nationally

Millikin University

Decatur, Illinois

Economic score: 0.37

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $88,618

Median earnings of all students 3 years after graduation.

EarningsPlus: + $15,772

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $39,449

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.45

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#13 in Illinois | #260 in Business schools nationally

Bradley University

Peoria, Illinois

Economic score: 0.37

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $84,653

Median earnings of all students 3 years after graduation.

EarningsPlus: + $11,268

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $36,586

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.43

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#14 in Illinois | #299 in Business schools nationally

Judson University

Elgin, Illinois

Economic score: 0.40

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $76,080

Median earnings of all students 3 years after graduation.

EarningsPlus: + $3,434

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $32,115

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.42

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#15 in Illinois | #313 in Business schools nationally

Eastern Illinois University

Charleston, Illinois

Economic score: 0.41

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $65,635

Median earnings of all students 3 years after graduation.

EarningsPlus: - $7,966

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $24,178

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.37

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#16 in Illinois | #326 in Business schools nationally

Loyola University Chicago

Chicago, Illinois

Economic score: 0.43

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $104,925

Median earnings of all students 3 years after graduation.

EarningsPlus: + $32,596

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $64,864

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.62

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#17 in Illinois | #346 in Business schools nationally

University of Illinois Chicago

Chicago, Illinois

Economic score: 0.44

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $92,984

Median earnings of all students 3 years after graduation.

EarningsPlus: + $19,222

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $51,126

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.55

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#18 in Illinois | #379 in Business schools nationally

North Park University

Chicago, Illinois

Economic score: 0.46

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $68,598

Median earnings of all students 3 years after graduation.

EarningsPlus: - $4,563

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $29,425

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.43

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#19 in Illinois | #399 in Business schools nationally

Aurora University

Aurora, Illinois

Economic score: 0.47

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $70,820

Median earnings of all students 3 years after graduation.

EarningsPlus: - $2,448

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $32,473

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.46

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

#20 in Illinois | #415 in Business schools nationally

Rockford University

Rockford, Illinois

Economic score: 0.49

The economic Score is the combination of debt-to-earnings ratio and earningsplus. We use the economic score to determine a graduate program’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Earnings: $75,721

Median earnings of all students 3 years after graduation.

EarningsPlus: + $2,925

EarningsPlus compares student earnings after college against a benchmark of all students with the same graduate degree, adjusting for the in-state / out-of-state composition of the student body.

Debt: $38,640

The total debt accrued by the median student at the time of graduation.

Debt to earnings: 0.51

The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.

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How long does it take to pay down debt in business administration in Illinois?

Years

Under a year

The average debt accrued from a master's degree in business administration is covered by average graduate earnings in under a year.

How much do graduates with master's degree in business administration earn in Illinois?

Salary

$74,128

The median master's degree in business administration graduate earns $74,128 3 years after graduating.

How much does a master's degree in business administration cost in Illinois?

Net cost

$21,582

The average annual cost of a master's degree in business administration is $21,582. This is the net cost and considers only students that have received Title IV funds.