MBA Programs in Illinois

Illinois offers a range of MBA and business programs at public and private institutions across the state.

  • 10 schools
  • 7 cities
  • Updated August 2026

Illinois at a glance

Schools listed 10 5 public ยท 5 private
Median earnings, 1 year out $101,612 Ranges from $73,272 to $224,402 across the 9 of 10 schools that report
AACSB accredited 10 of 10 The rest aren't on AACSB's list - they may hold ACBSP or IACBE accreditation instead, which this directory doesn't track
Median federal graduate debt $51,919 Median of the reported per-school medians

Formats offered across these schools

  • MBA 10 of 10
  • Part-Time MBA 5 of 10
  • Executive MBA 4 of 10
  • Online MBA 2 of 10

Earnings and debt come from U.S. Department of Education, College Scorecard (June 2026 release). Figures cover graduates of master's-level programs in Business Administration, Management and Operations (CIP 52.02) who received federal financial aid. At some institutions that group includes business master's degrees other than the MBA, and it never includes graduates who took no federal aid - so these are a directional signal about a school's business master's programs, not an MBA salary report. Schools with no published figure are excluded from these aggregates rather than counted as zero. Full methodology.

Browse by city

Carbondale 1 school Champaign 1 school Chicago 4 schools DeKalb 1 school Evanston 1 school Normal 1 school Peoria 1 school

Schools in Illinois

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Frequently asked questions

How many schools are in MBA Lab's Illinois MBA programs directory?

This directory currently lists 10 schools across 7 cities in Illinois. It grows over time and is not an exhaustive census of every program in the state.

What do business master's graduates earn in Illinois?

Across the 9 schools in this Illinois directory that report a figure, the median of the reported one-year earnings medians is $101,612, ranging from $73,272 to $224,402. These are College Scorecard figures for federally-aided graduates of master's-level Business Administration programs, which at some schools includes degrees other than the MBA.

How do I narrow schools in Illinois?

Start with format (full-time vs. part-time vs. online), then refine by industry strength, cost after aid, and geography.

Is in-state tuition the only cost factor?

Also consider scholarships, living cost, lost income if you study full-time, and internship access in your target cities.

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