Illinois colleges and universities are an excellent choice for pursuing a Master’s Degree in Business Administration. Though most are located in Chicago, you can find quality MBA programs in Illinois that are located in other cities.
Why Choose Illinois for Your MBA?
Illinois is a treasure trove of businesses that are always looking for qualified professionals. Of all its cities, the reason why Chicago has the most business schools is that it’s the state’s economic powerhouse. Many large insurance companies have their headquarters in Chicago, including CNA Corp, Continental Casualty, and Allstate. Among the state’s other top employers is, State Farm, where over 10,000 employees live and work in Bloomington.
|1||Northwestern University (40 points)||Evanston, Illinois|
|2||The University of Chicago (40 points)||Chicago, Illinois|
|3||University of Illinois at Chicago (80 points)||Chicago, Illinois|
|4||Loyola University Chicago (70 points)||Chicago, Illinois|
|5||Illinois Institute of Technology (70 points)||Chicago, Illinois|
Top 15 Best MBA Programs in Illinois
We have put together a list of the top MBA programs to enroll in. Each school on our list is ranked based on a combination of tuition and acceptance rates, with the highest-ranked schools being the ones with the most affordable tuition for a two-year program and the highest acceptance rates. Here are our picks for the top 15 best MBA Programs in Illinois.
Northwestern University (40 points)
Northwestern University offers full-time one-year and two-year MBA programs through the Keller School of Management. Graduates of the one-year program, have gone on to fill CEO roles with companies such as AllState, Hershey, and Mattell. The two-year program is just as prestigious, but also requires students to work in their chosen field for between eight and 12 weeks in order to graduate.
The University of Chicago (40 points)
The full-time MBA program at the University of Chicago’s Booth School of Business boasts 13 concentrations, which include:
Students that want to immerse themselves in their studies as much as possible can join one or more of the school’s many groups run by their peers. This can lead to networking and study abroad opportunities, among others.
University of Illinois at Chicago (80 points)
The Business Liautaud Graduate School at the University of Illinois at Chicago offers a Master of Business Administration. Students that enroll in the full-time program can choose concentrations such as:
Operations and Supply-Change Management
Management Information Systems
The school also offers students the chance to participate in two study abroad programs; Doing Business in Brazil, and Know Europe., with the Brazil program lasting two weeks and the Know Europe program lasting one month.
Loyola University Chicago (70 points)
The Quinlan School of Business at Loyola University Chicago students can earn their MBA along with a STEM Designation. Students are able to earn additional credentials because their studies include the following concentrations:
Supply Chain Management
Information Systems Management
These concentrations are in demand in the business world, making the STEM destination a popular option among MBA candidates.
Illinois Institute of Technology (70 points)
The two year MBA program at Illinois Institute of Technology’s Stuart School of Business is an accelerated program that focuses on the area of business innovation. The program helps students pursue higher career positions in companies that rely heavily on technology to outdo their competitors.
Some of the specializations students in this program can choose from includes corporate finance, emerging markets, investment management, and sustainability.
Graduates of this program have gone on to work for companies such as Bank of America, Merrill Lynch, HSBC Bank, and Discover Financial Services.
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Illinois State University (70 points)
Students that earn an MBA from the College of Business at Illinois State University have two different options for completing their degree. They can enroll in the traditional program or the corporate program. Both full-time and part-time options are offered. Regardless of which program students enroll in they can choose to focus on areas of study such as Management and Quantitative Methods, or Insurance and Law.
Graduates of this program now work for companies such as Ford, H&R Block, Liberty Mutual Insurance, and J.P. Morgan.
Dominican University (80 points)
At Dominican University, students pursuing an MBA degree specifically focus on Analytics/Operations, Business Problem Solving, Negotiation and Strategy, Markets and Consumers, Financial Decision Making, and Leadership and Ethics. Students can take the skills they learn and use them to solve problems for corporate clients as part of the university’s MBA Gateway Program.
Benedictine University (80 points)
At Benedictine University Goodwin College of Business, students earning an MBA can choose to complete an internship that was designed with those in mind who have recently received their undergraduate degree in Business Administration. It provides those with little to no work experience in the business world to train for their chosen career.
Every student that enrolls in this MBA program in Illinois has the flexibility of choosing multiple concentrations.
North Park University (60 points)
Students studying for an MBA at North Park University have the option of simultaneously earning certification in areas such as marketing, management, and finance. But the real difference between studying at this school and studying somewhere else is that North Park makes its Lifetime Learning Program available to everyone who graduates with an MBA. At any time, graduates can return to the school and take non-profit or business courses.
Graduates of the university’s MBA program go on to work for companies such as Pfizer, Motorola, Kaiser Permanente, and the Chicago Board of Trade.
University of St. Francis (80 points)
The College of Business & Health Administration at the University of St. Francis is the ideal place for students already working in the business world to earn their MBA. As soon as they begin the program, students are allowed and encouraged to take the classes that will help them enhance the position they already hold with their employer. In addition, students can choose from concentrations that include Data Analytics, HR Management, and Supply Change Management, among others.
McKendree University (80 points)
Students at McKendree University have many options when it comes to earning their degree. While many students choose to study for a general MBA, they also have the flexibility to earn one in Corporate Finance, Cyber Defense, Digital Marketing, or Human Resource Management. No matter which area students choose, their studies include how to implement a business plan and how to effectively manage employees.
Lake Forest Graduate School of Management (50 points)
The Lake Forest Graduate School of Management runs a successful Leadership MBA Program. The program gives students the opportunity to choose from specializations that include Data Analytics, Organizational Intelligence, and Global Supply Chain. This program is unique in that it gives students a general overview of the Business Administration field. Students can choose to simply earn a Leadership MBA or take it one step further and earn a Corporate MBA.
Eastern Illinois University (80 points)
At Eastern Illinois University, in the Masters of Business Administration Program all enrolled students begin their studies with a class called The MBA 5000 Strategic Management. They end their studies with one last class before graduation; MBA 5900 Management Solution. This school is among the only ones that offer students both classes, as most MBA programs in Illinois offer one or the other.
MBA candidates can choose from concentrations such as Accountancy, Applied Management, Geographic Information Sciences, and last but not least, an option to earn a Research MBA. This is the option most often chosen by students who want to pursue a Ph.D. after graduation.
Rockford University (70 points)
Rockford University offers a Master of Business Administration program that is among the oldest in the city. Students that enroll in this program can choose from three possible concentrations; Finance, Project Management, and Healthcare Administration. In addition, students also benefit from the school’s Bloomberg Business Lab, where they can learn how decisions are made in the business world as well as in government.
DePaul University (70 points)
At DePaul University students can enroll in the Driehaus College of Business & Kellstadt Graduate School of Business to earn their MBA. The school gives students a choice of 15 different concentrations, some of which include Business Strategy & Decision Making, International Business, Finance, and Business Analytics. Even though the school offers so many concentrations, students also have the option of creating their own Custom MBA program.
How We Rank The Schools On Our List
We took the tuition rate per semester and the acceptance rate for each school to determine our rankings. Tuition rates are based on in-state residency and full-time attendance. Schools are ranked according to which ones have the lowest tuition rate but the highest acceptance rate. Each tuition amount and acceptance rate receives a score of up to 50, for a maximum score of 100 between the two criteria used.
Did We Rank Your School Wrong?
Though we strive to provide accurate information, we acknowledge that mistakes can and do happen. So if you work for one of the schools on our list and feel that we made an error in its ranking, please contact us so we can fix the problem.