Pursuing a Master of Business Administration (MBA) in Illinois can open the door to advanced leadership roles, improved salary potential, and broader career opportunities. Whether you’re looking for an online, in-person, or hybrid format, Illinois offers several affordable and AACSB-accredited MBA programs to suit a variety of learning preferences and schedules.
Below is a curated list of affordable MBA programs in Illinois, ranked from least to most expensive based on estimated tuition for the full program. These programs span a variety of formats and provide options for working professionals as well as full-time students.
MBA Programs in Illinois
| Rank | School | Estimated Tuition | Resident / Non-Resident |
|---|---|---|---|
| 1 | University of Illinois Springfield (UIS) | $15,270 | All Students |
| 2 | Southern Illinois University Edwardsville (SIUE) | $19,387.80 | All Students |
| 3 | University of Illinois Urbana-Champaign (UIUC) – iMBA | $26,136 | All Students |
| 4 | University of Illinois Chicago (UIC) | $37,000–$45,000 | All Students |
| 5 | Northern Illinois University (NIU) | $32,580 | All Students |
Program Overviews
University of Illinois Springfield (UIS)
UIS delivers its MBA both online and on campus, allowing students to tailor their experience. The 30-credit program includes core business courses and electives that prepare students for managerial roles. UIS offers an outstanding value with an estimated tuition of $15,270.
Southern Illinois University Edwardsville (SIUE)
SIUE offers a flexible MBA that can be completed online or in-person. The program is designed to be completed in 12 months full-time or 24 months part-time and includes specializations in areas such as business analytics and project management. The tuition rate is competitive at $19,387.80 for the full program.
University of Illinois Urbana-Champaign (UIUC) – iMBA
The iMBA from UIUC’s Gies College of Business is fully online and globally recognized. With a flexible structure, students can progress at their own pace over 24–60 months. The estimated tuition is $26,136, making the program one of the most affordable among top-ranked online MBAs.
University of Illinois Chicago (UIC)
UIC’s MBA program offers flexible formats including online, in-person, and hybrid options. Concentrations include finance, marketing, and business analytics. Tuition ranges from $37,000 to $45,000 depending on program format and course load.
Northern Illinois University (NIU)
NIU offers a fully online MBA as well as weekend in-person options. The program features eight-week courses and is designed for working professionals who want to advance their careers without putting their jobs on hold. The estimated cost is $32,580.
Notes
- Tuition: Estimated tuition reflects the total cost for the complete MBA program. Additional fees, textbooks, and technology costs may apply.
- Program Structure: Programs may be available in online, in-person, or hybrid formats. Students should verify delivery options with each university.
- Accreditation: All listed programs are AACSB-accredited, ensuring rigorous academic quality and recognition by employers.
Common Questions About MBA Programs in Illinois
What is the most affordable MBA program in Illinois?
University of Illinois Springfield (UIS) offers the most affordable MBA program in Illinois, with a tuition total of approximately $15,270.
Are these MBA programs available online or in person?
Most programs offer flexible delivery formats, including online, hybrid, and in-person options. Be sure to check each school’s website for specific availability.
How long does it take to complete an MBA in Illinois?
Most programs can be completed in 12 to 24 months, depending on full-time or part-time enrollment.
Can I work full-time while pursuing an MBA in Illinois?
Yes. Many of the programs are designed for working professionals, offering flexible scheduling and asynchronous coursework.
Do Illinois MBA programs offer financial aid?
Yes, most universities offer scholarships, assistantships, grants, and student loans. It’s best to consult each school’s financial aid office for current offerings.
This guide highlights the most affordable MBA options in Illinois across all delivery formats, helping you choose the program that best fits your academic, professional, and financial needs. For the most up-to-date details, visit the links provided or contact the university admissions offices directly.
