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10 Best Business Schools in Illinois

Best Business Schools in Illinois: Many people believe that the top business schools can be located in “flyover country,” which is the area just inland from either the east or west coasts. They are seriously in error! Illinois, in the center of the American Midwest, is home to many top-notch colleges that offer business degrees. Would it surprise you to find that two of its institutions frequently receive top 10 rankings for their MBA programs in the nation? Read on to discover more.

It’s a good time to pursue a career in business and management, and our list of the best business schools in Illinois can help you select the best institution for your undergraduate business and management degree.

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Best Business Schools in Illinois

1. Northwestern University

Best Business Schools in Illinois
Best Business Schools in Illinois

If you want to study business administration and management, Northwestern University is difficult to beat. Northwestern University is a private, non-profit institution with a sizable student body, and it is situated in the town of Evanston. Northwestern is a top-notch university overall, coming in at #5 out of 2,241 universities in the US according to Best Colleges.

In the most recent academic year for which data are available, 465 students at Northwestern received degrees in business administration and management. Graduates in business administration and management from Northwestern University earn an average of $65,242 more than other business administration and management graduates.

2. The University of Illinois at Urbana-Champaign

Best Business Schools in Illinois
Best Business Schools in Illinois

Students interested in earning a degree in business administration and management might consider the University of Illinois at Urbana-Champaign. The city of Champaign is home to the very sizable public university known as UIUC. UIUC is a top university overall, coming in at #44 out of 2,241 institutions nationwide in the Best Colleges ranking.

In the most recent year for which we have data, approximately 1212 students at UIUC earned this degree in business administration and management. The University of Illinois at Urbana-business Champaign’s administration and management degree holders earn around $24,989 more than the average business administration and management major.

3. University of Chicago

Everyone who wants to study business administration and management should look at the University of Chicago. The city of Chicago is home to the sizable private, non-profit institution known as UChicago. UChicago is a top university overall, coming in at #7 out of 2,241 institutions nationwide in the Best Colleges ranking.

In the most recent year for which we have data, there were roughly 92 business administration and management graduates from UChicago. When they enter the workforce, graduates of the University of Chicago’s business administration and management major earn $104,210 more than the typical college graduate with the same degree.

4. DePaul University

One of the best business schools in Illinois for business administration and management degrees is DePaul University. A very sizable private, non-profit institution called DePaul is situated in Chicago. DePaul is a fantastic university overall, coming in at #229 out of 2,241 colleges countrywide on the Best Colleges list.

In the most recent year for which we have data, around 732 DePaul students received this degree in business administration and management. When they enter the workforce, graduates of DePaul University’s business administration and management department make $12,852 more than the average graduate with the same degree.

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5. Loyola University Chicago

Located in Chicago, Loyola Chicago is a sizable private, non-profit institution. Loyola Chicago is a fantastic university overall, coming in at #147 out of 2,241 colleges globally according to Best Colleges.

In the most recent year for which we have data, 263 students at Loyola Chicago received degrees in business administration and management. Students majoring in business administration and management who graduate from Loyola University Chicago earn $9,983 more than the typical student majoring in business administration.

6. Bradley University

The medium-sized city of Peoria is home to the private, not-for-profit Bradley University. Bradley University is a fantastic institution overall, earning a Best Colleges ranking of #272 out of 2,241 universities nationally.

In the most recent data year, Bradley awarded this degree to around 101 business administration and management students. Students majoring in business administration and management at Bradley University make $7,251 more than the average student majoring in business administration.

7. DeVry University – Illinois

DeVry University – Illinois is a private for-profit university with a sizable student body that is situated in the medium-sized city of Chicago. In terms of overall quality, this university is ranked 16th out of 87 universities in the state of Illinois.

In the most recent year for which we have data, there were around 2185 business administration and management graduates from DeVry University – Illinois. DeVry University – Illinois graduates with a business administration and management degree make roughly $3,272 more than the average graduate with a business administration and management degree.

8. Elmhurst University

Private, not-for-profit Elmhurst University is a modest university with a location in the sizable suburb of Elmhurst. In terms of overall quality, this university is ranked 20th out of 87 institutions in the state of Illinois.

In the most recent data year, Elmhurst awarded this degree to about 184 business administration and management students. Business administration and management major graduates at Elmhurst University earn $4,265 more in their first year of employment than the typical college graduate with the same degree.

9. Illinois State University

Located in the sizable suburb of Normal, Illinois State is a very sizable public institution. Illinois State is a fantastic university overall, coming in at #214 out of 2,241 institutions nationwide according to Best Colleges.

The most recent year for which we have data, 263 students from Illinois State were awarded degrees in business administration and management. When they enter the workforce, graduates of Illinois State University’s business administration and management degree program earn $4,209 more than the average college graduate in this industry.

10. Lewis University

Romeoville, a sizable suburb of Chicago, is home to Lewis University, a private, not-for-profit institution of medium size. In terms of overall quality, this university comes in at number 25 out of 87 universities in the state of Illinois.

In the most recent year for which we have data, around 262 Lewis students earned degrees in business administration and management. The average starting salary for business administration program graduates, according to their statements, is $54,547.

Advantages of Studying Business

With a business studies degree, graduates can expect to find employment in a variety of fields, including accounting, finance, marketing, and advertising.

Your business studies qualification will teach you transferable skills. They can practically be used in any type of business and in a number of positions.

Strategic thinking, communication, problem-solving, organization, presentation, reporting, leadership, and project management are a few of these crucial abilities. You will be well-equipped with these abilities to effectively address issues in both the commercial and social spheres.

Business management offers numerous employment options. Because of the adaptability of a business studies degree, managers will always be required wherever there is business.

Every area of commerce, from major global companies to small local firms, has managerial positions. With a business degree, you’ll be eligible to apply for jobs that match your interests.

Students who earn a degree in business studies from an accredited university have a marketable skill set in addition to solid business knowledge, and companies highly value these advantages.

Networking opportunities with classmates and future employers abound while studying business degrees at a university. Students can interact with one another, share ideas, and establish countless relationships.

As you become your own employer, a business qualification will give you independence and a sense of freedom. We hope your job chances are as successful as possible!

Best Business Schools in Illinois
Best Business Schools in Illinois

Frequently Asked Questions

What place in the world does the University of Illinois business school rank?

In the list of the top global universities, University of Illinois Urbana-Champaign is rated #74.

Are there Ivy League universities in Illinois?

Illinois doesn't have any Ivy League institutions. A collegiate league in the northeast of America is called the Ivy League. The Ivy League has evolved to represent a distinct educational quality over time. As a midwestern state, Illinois does not have any Ivy League institutions.

How much of a GPA is required for business school?

Generally speaking, a GPA of 3.0 to 3.5 is considered to be "good." The GPA requirements vary based on the business school you're applying to, though. A GPA of at least 3.5 is typical for MBA students at some of the greatest business schools in the world, including Harvard Business School, Stanford, and Wharton.

Is it worthwhile to study business in the US?

The wide variety of business programs available in the United States, which provide excellent preparation for the job market, is one of the top benefits of studying business there. Over its 50 states, the US is home to around 5,000 higher education institutions.

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