Best Business Schools in Illinois


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    If you are looking to delve into the depths of business studies, business universities in Illinois are waiting for you.

    It is home to several exceptional business universities that offer a wide range of educational facilities and resources.

    Whether you aim to gain a profound understanding of business ethics or have access to cutting-edge learning environments, Illinois has it all covered.

    Does Illinois have a good business school?

    Yes! You can take a business education at several business schools in Illinois, including Northwestern University, the University of Illinois Urbana-Champaign, Loyola University Chicago, and many more.

    What is the number 1 College in Illinois?

    Northwestern University is the number 1 college in Illinois recognized by Times Higher Education in 2022.

    Notably, it offers competitive tuition fees for both in-state and out-of-state students, making it affordable. 

    Additionally, Northwestern University boasts a highly experienced faculty who are dedicated to ensuring students receive an excellent education in the field of business studies.

    9 Best Business Schools in Illinois

    The best reason to move to Illinois is its business education system that grabs the attention of students and their guardians from across the world.


    To assist you in your search for the top business schools in Illinois, we have compiled a list below.

    Illinois Business School Name Location Tuition feesRanking Minimum GPA for admission Acceptance rate 
    The University of Chicago Hyde Park near Lake Michigan $64,2606/1434.486%
    Northwestern University Evanston, IL $66,22810/1434.17%
    Loyola University Chicago Chicago,IL $50,270115/1433.6877%
    University of Illinois Urbana-Champaign Urbana & Champaign, IL$35,210 to $40,47441/1433.8360%
    Illinois Institute of Technology Chicago, IL $50,64057/1003.9866%
    Illinois state university Normal, IL $15,170 to  $27,011112/1433.3792%
    Xavier University New Orleans New Orleans $7,344 14/1363.495%
    Southern Illinois University Carbondale,IL $9,638126/1432.595%
    University of Illinois Chicago Chicago, IL $15,214 to $20,19697/1433.0 – 3.778%

    1. The University of Chicago

    Established in 1890, this university has a rich history and continues to offer exceptional graduate and undergraduate courses.

    It prides itself on providing students with cutting-edge and innovative ideas.

    If you are seeking one of the best business schools undergrad in Illinois, the University of Chicago is a trusted choice.

    It is renowned as a formidable institution where faculty members possess extensive professional teaching experience.

    The University of Chicago offers a diverse array of study programs, including Social Sciences, Mathematics & Statistics, Biological & Biomedical Sciences,

    Public Administration & Social Service Professions, and many more.

    As for the tuition fees, in 2023, the cost for incoming students was $64,260, while the graduate school fee amounted to $66,492.

    What GPA do you need for the University of Chicago?

    To gain admission to this university, a minimum GPA of 4.48 or higher is required. If your GPA falls below this threshold, it is necessary to achieve higher SAT/ACT scores to meet the eligibility criteria for the university’s admission process.

    Is the University of Chicago prestigious?

    Indeed, the prestigious university of Chicago holds a prominent position among the top universities in America, consistently ranking within the top ten across various regional and non-regional rankings.

    Is the University of Chicago a top 10 school?

    Yes. It holds the impressive rank of 6th out of 443 National Universities Schools according to the U.S. News & World Rankings, a testament to its exceptional performance and services.

    Is UChicago an Ivy?

    No, it is not considered an Ivy League institution. Nevertheless, it offers a high-quality education at an affordable fee structure, making it an excellent choice for prospective students.

    2. Northwestern University

    According to the U.S. News World Report, it holds the prestigious rank of number 3 for Business Schools and number 11 for Education Schools.


    Living in the northwestern parts of Illinois proves to be affordable for numerous out-of-state students.

    However, before making the move to this ideal location for pursuing a business education, it is advisable for them to research what is the cost of living in Illinois.

    Located in Evanston, this esteemed university stands as the leading private institution in the country.

    It is renowned for nurturing thoughtful leaders through the expertise of its diverse teaching faculty,

    who bring varied backgrounds in intellectual, ethical, economic, and geographic domains.

    The university offers an array of programs, including Psychology, Computer Science, Radio & Television, Neuroscience, and other advanced fields of study.

    For the 2023-24 academic year, the tuition fee amounts to $66,228.

    Is Northwestern College Ivy League?

    Yes, this university is part of the Ivy League. As a consequence, the fee structure is higher, but it offers selected candidates the chance to pursue their studies at this prestigious institution.

    What GPA do you need to get into Northwestern?

    To secure admission to this university, a minimum GPA of 4.1 is required. However, if your GPA falls short of this requirement, you may still be eligible for admission if your SAT/ACT scores surpass your GPA.

    Is Northwestern a top University?

    Yes! It is often considered one of the top universities at Northwestern side, owing to its exceptional graduate and undergraduate degree programs.

    Is Northwestern a top 10 school?

    Yes! It holds the impressive rank of 10th among 443 National Universities, as determined by the U.S. News & World Report.

    3. Loyola University Chicago

    It is a private university situated in Chicago, Illinois, and was founded in 1870 with the motto “For the greater glory of God!”

    If you are seeking the best business school undergrad in Chicago, look no further than this institution that empowers individuals to lead extraordinary lives.

    It is renowned for offering a wide range of undergraduate majors, minors, adult continuing education, pre-professional programs, as well as graduate and professional education programs.

    Moreover, you have the option to enroll in two-year or five-year learning programs. The tuition fee amounts to approximately $50,270, excluding hostel facilities.

    Is Loyola University Chicago a prestigious school?

    Yes! It was ranked #115 out of 443 National Universities, as reported by the U.S. News & World Report.

    What GPA do you need to get into Loyola Chicago?

    To gain admission to Loyola, a minimum GPA of 3.68 is sufficient. However, higher scores from AP or IB classes can be beneficial in the admission process.

    Is Loyola Chicago hard to get into?

    Yes! Loyola has a candidate application acceptance rate of approximately 67%. Moreover, students who score between 1130 and 1320 on the SAT or between 27 and 32 on the ACT are eligible for admission.

    Is Loyola the same as University of Chicago?

    No! Despite both being private universities, they provide different courses to their respective candidates. Additionally, their tuition fees are not the same.

    4. University of Illinois at Urbana-Champaign

    It was established in 1867 and was formerly known as Illinois Industrial University and University of Illinois.


    Today, the university is accredited by the Higher Learning Commission (HLC).

    Are you trying to find out the best University of Illinois Business School? Look no further, as this university is the perfect choice for you,

    offering a wide range of exceptional undergraduate and graduate courses in Urbana and Champaign, Illinois.

    The university is well-known for its variety of bachelor’s programs, including Research and Experimental Psychology,

    Accounting, Economics, Computer Science, Finance, Communication, and more.

    For the 2023 academic year, the fee structure ranges from $35,210 to $40,474, encompassing all expenses for candidates.

    Is University of Illinois-Urbana Champaign a good school?

    Yes! You will get the experienced teaching faculties with the best atmosphere to learn, making it a good school to study abroad.

    What GPA do you need to get into University of Illinois?

    A 3.83 GPA is sufficient to get admission to this university. Additionally, having an A-grade certificate in AP or IB classes can also qualify you for admission.

    Is Urbana Champaign by League?

    Yes! It is famous as one of the best prestigious Ivy League institutions worldwide.

    Is University of Illinois a top 10 school?

    No! It was ranked #41 by the U.S. News and World Report in their 2022-23 report.

    5. Illinois Institute of Technology

    It offers excellent career placement opportunities with a rate of 92.8% and is renowned as the top institute for technological studies in Chicago, Illinois.

    This university is renowned for its commitment to fostering students from diverse backgrounds.

    Established in 1940, it offers excellent opportunities for career growth, making it an ideal institute for building a technical career.

    Moreover, it is well-known for its technological advancements, including magnetic recording, cell phones, and innovative building designs.

    In addition to undergraduate and graduate courses, they provide programs such as Tech, Bachelor’s, Master’s, Ph.D., and various non-degree programs.

    The tuition fee is approximately $50,640.

    What sets this university apart is that students seeking a break from their demanding assignments or semesters can explore nearby trails for hiking in Illinois with Waterfalls.

    Is Illinois Institute of Technology a good university?

    Yes! This university offers a wide range of programs at affordable fee structures, making it one of the best institutions for acquiring knowledge in your chosen field.

    Is Illinois Institute of Technology hard to get into?

    Yes! The university has an application acceptance rate of approximately 52.7%, ensuring that only eligible candidates have the opportunity to secure admission and study there.

    How much is IIT tuition?

    The total tuition fee for undergraduate students at IIT, including fees, housing, food, and other expenses, is $74,047 for the academic year 2023-24. For graduate students, the total tuition fee is $55,552.

    6. Illinois State University

    You will have the opportunity to interact with over 1,000 out-of-state and international students from various states and countries.


    Likewise, the university has over 18,000 undergraduate students and over 2,000 graduate students enrolled in their respective courses.

    Illinois is an excellent choice for your studies, with an average class size of 31 students and 85% of classes taught by experienced professors. 

    The university is well-known for providing financial assistance to students, ensuring they receive quality education in their desired fields.

    This state university offers a wide range of popular programs, including Communication, Fine Arts, Humanities, Accounting, Agriculture, Anthropology,

    Biological Sciences, Business Information, and more. The tuition fees are $15,170 for in-state students and $27,011 for out-of-state students.

    However, leaving your hometown for higher education abroad and being away from family can be challenging.

    In such cases, parents or guardians can explore the best small towns in Illinois to raise a family

    These towns provide a nurturing environment where you can find suitable accommodations and educational opportunities for your child’s growth and development.

    Is Illinois State University prestigious?

    Yes! According to the U.S. News World Report in 2022, this university was ranked #112 and is recognized as one of the top public schools in America.

    What is the GPA for Illinois State University?

    On average, a minimum GPA of 3.37 is required for the admission process, which can often be competitive.

    Can I get into Illinois State University with a 3.0 GPA?

    No! A minimum GPA of 3.3 is required for admission to this state university.

    7. Xavier University New Orleans

    Xavier University is accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSOC) and the Accreditation Council for Business Schools and Programs.

    It is another excellent option from the University of Illinois Business School that we have on our list.

    This university is known for producing African American doctors and maintains a student-to-faculty ratio of 14:1.

    It is renowned for its leadership in sciences and liberal arts programs.

    Additionally, they offer bachelor’s degrees in arts, music, and science, as well as master’s degrees in arts, theology, and a Doctor of Pharmacy program.

    The tuition fee for graduate programs is $7,344 per semester.

    Is Xavier University a Black School?

    Yes! It is a historically black school founded by Saint Katharine Drexel and Blessed Sacrament Sisters.

    Is Xavier University Real?

    Yes. It is a real university, established in 1831 as a private institution, offering undergraduate courses to its students.

    Is Xavier University of Louisiana a Jesuit School?

    No! It is widely recognized as a historic black, private, and Catholic university located in Louisiana.

    8. Southern Illinois University

    The fact is that this university earned the title of “Eclipse Crossroads of America” in 2017 due to its significant use of solar energy.


    Additionally, it was named in the “Guide to 399 Green Colleges: 2018 Edition” by The Princeton Review.

    It is another excellent option if you are looking for the best business schools in Illinois, offering a variety of graduate and undergraduate degree programs.

    The university is well-known for its designation as a Doctoral/Research-Extensive University by the Carnegie Classification of Institutions of Higher Education.

    They provide several programs, including Industrial Technology, Trade & Industrial Teacher Education, Accounting, Psychology, Criminology, and more.

    The tuition fee for the campus is only $9,638, excluding transportation and other amenities.

    Is Southern Illinois a good medical school?

    Yes! While this university may not have a specific ranking in Best Medical Schools, it is renowned for providing exceptional education in the field of medicine.

    What GPA do you need to get into Southern Illinois University?

    A minimum GPA of 2.5 out of 4.00 is required to be admitted to this university. Additionally, students with an ACT score of 23 or an SAT score of 1130 can apply for its courses.

    Is SIU a party school?

    Yes! It is often known as a party school, especially due to events like the 1970’s party known as “The Stripe” and other instances of rioting.

    9. University of Illinois Chicago

    After the consolidation of the Medical Center campus and the Chicago Circle campus, the University of Illinois Chicago was established in 1982.

    It is one of the best business universities in Illinois that offers excellent technological and cultural programs to its students, whether they are in-state or out-of-state students.

    It is also well-known for its numerous degree programs and provides professional knowledge in each course.

    Furthermore, students have a wide range of degree options to choose from, including Bachelor’s, Master’s, Doctoral, and Certification programs. 

    The tuition fee in the  University of Illinois for in-state students in the last academic year ranged from $15,214 to $20,196.

    Similarly, the tuition fee for out-of-state students was between $29,054 and $34,804.

    Is the University of Illinois Chicago a good university?

    Yes! The U.S. News & World Report ranked this university at #97 for its performance and conducive study environment for every student.

    Is University of Illinois Chicago hard to get into?

    Yes! Only 72.7% of applicants can gain admission to the university, even if they have good GPAs and SAT/ACT scores.

    Is the University of Illinois at Chicago prestigious?

    Yes! It is recognized as one of the public research universities in the US and offers excellent programs in business, engineering, healthcare, and other fields.

    Is University of Illinois Chicago an Ivy League school?

    Yes! It is a Public Ivy League school where students from around the world come to gain technical, athletic, and academic knowledge.

    Best Business Schools in Illinois FAQs

    What school in Illinois has a business program?

    Several schools in Illinois have a business program, including the University of Illinois Chicago, the University of Illinois at Springfield, the University of St. Francis, and the University of Illinois at Urbana-Champaign.

    What Ivy League school is in Illinois?

    Ivy League schools are not located in the state of Illinois. Illinois is a Midwestern state and does not have any Ivy League universities. However, it does have other prestigious universities. 

    What is the top school in Illinois?

    Payton College Preparatory High School, located in Chicago, Illinois, is considered one of the best and top schools in Illinois for providing excellent educational programs for children.


    Are you ready to take your academic journey to the next level? We’ve curated a list of the best business schools in Illinois just for you! These prestigious institutions offer a wide array of degree programs,

    covering everything from business and science to arts and pharmaceuticals. They even have captivating courses in psychology that cater to all interests.

    But that’s not all! These universities understand the importance of affordability and flexibility.

    With their reasonable tuition fee structures and convenient installment payment options, pursuing your dreams has never been more accessible.

    So, why wait any longer? The path to success is right in front of you. Choose your favorite university from the list, and embark on an unforgettable educational adventure.

    Your future is waiting, and these outstanding business schools in Illinois are ready to help you unlock your true potential!