Online MBA programs in Chicago can provide several benefits for students both during enrollment and after graduation. The Second City offers plenty of opportunities for business and finance-minded professionals. Earning a degree from one of the MBA programs in Chicago can give you the chance to build connections with local employers through internships, fellowships, and networking opportunities.
Students do not need to attend on-campus courses to reap these benefits. Online learners can set themselves up for postgraduate opportunities in the Windy City while keeping their day jobs, saving on housing costs, and living at home. These students often pay reduced tuition compared with their on-campus counterparts in Chicago.
For more information about the best MBA programs in Chicago, please consult the following ranked list of schools.
|Rank||School||Location||Cost||Toggle||Logo||Tuition||% Receiving Financial Aid||Student Population||School Type||Description|
Concordia University - Chicago
|Location River Forest, IL||Tuition $$$$$||Tuition $24,840||% Receiving Financial Aid 75%||Student Population 5,239||School Type Private||
Concordia University Chicago is a private liberal arts college affiliated with the Lutheran Church. As a leader in distance education, CUC offers an online MBA designed by educators and business leaders. Students choose a two-year or one-year fully online option or a hybrid program that blends on-campus and online courses. The online MBA incorporates four pillars: ethics and social responsibility; critical thinking and an entrepreneurial mindset; communication and human relations; and global interconnectedness and inclusiveness.
The 36-credit curriculum for one of the best MBA programs in Chicago examines core topics such as organizational behavior, financial management, accounting for decision-making, and managing human capital. Each core course culminates in a signature project that highlights students' accomplishments and skills. The MBA at CUC offers ample opportunities for customization, with specializations such as accounting, digital marketing, school business management, and leadership and change management. Admission requires a minimum cumulative 2.85 GPA. CUC does not require GRE or GMAT scores.
North Park University
|Location Chicago, IL||Tuition $$$$$||Tuition $41,400||% Receiving Financial Aid 70%||Student Population 3,159||School Type Private||
North Park University continues a long tradition of education that blends liberal arts and Christian faith. NPU offers a fully online or hybrid MBA that prepares competent, knowledgeable, and ethical managers. The curriculum develops learners' proficiency in areas such as financial accounting, organizational behavior and ethics, financial decision-making, and quantitative decision analysis.
During a capstone course, each student uses a computer-based management simulation to develop and test business strategies in a competitive environment. Learners can use elective credits to add one of 16 diverse certificates in areas such as finance, conflict management, healthcare management, and higher education administration.
Students who choose a hybrid format can attend classes online and on the main campus in Chicago or at a satellite in suburban Grayslake. All students pursuing this degree, one of the best MBA programs in Chicago, pay the same tuition rate regardless of residency. Admission requires a minimum cumulative 3.0 GPA. Students with a lower GPA should submit GRE or GMAT scores.
National Louis University
|Location Chicago, IL||Tuition $$$$$||Tuition $30,459||% Receiving Financial Aid 63%||Student Population 4,384||School Type Private||
National Louis University, one of the oldest colleges in Chicago, offers more than 60 undergraduate and graduate programs. The fully online or blended MBA at NLU cultivates effective business leaders and change agents by developing students' strengths as problem-solvers and strategic managers. Students can begin the 39-credit curriculum with two gateway courses that give them foundational knowledge in core business areas, including leadership and organizational behavior. The degree core examines topics such as managerial economics, financial management, strategic marketing, and macroeconomics.
Students may opt for a nine-credit concentration that provides specialized training in entrepreneurship, accounting, nonprofit management, health services administration, or human resource management. The capstone course focuses on management, teaching students how to make strategic decisions in functional areas across an organization.
Students pursuing this degree, one of the best online MBA programs in Chicago, pay the same tuition rate, regardless of residency. Admission requires school transcripts for the last 60 credits of undergraduate coursework.
Northeastern Illinois University
|Location Chicago, IL||Tuition $$$$$||Tuition $12,672||% Receiving Financial Aid 31%||Student Population 9,538||School Type Public||
Founded in 1867, Northeastern Illinois University enrolls about 8,000 students in one of the most diverse public colleges in the Midwest. NEIU offers a 33-credit MBA that learners may pursue in a fully online or hybrid format. All students complete an MBA core that develops their competencies in areas such as managerial accounting, marketing management, applied business research, and business policy and strategy.
Enrollees can use three elective courses to acquire expertise in areas such as forensic and investigative accounting, tax research and procedure, investment strategies, or mergers and acquisitions. The extensive suite of electives also features several options in international business, including international financial management, international business law, and global marketing.
NEIU prides itself on its affordability, noting that the program's tuition is lower than any other MBA in Illinois. Students with a business degree may enter the program with advanced standing. Admission requires a minimum cumulative 2.75 GPA and scores from the GMAT or GRE.
Career Outlook With an MBA in Chicago
A healthy portion of the top-ranked online MBA programs in Illinois operate out of Chicago or its surrounding suburbs. As such, Chicago serves as a hub for in-state students looking to pursue online degrees in the field. For more information about the Land of Lincoln's online MBA options, please consult the Illinois state page on this website.
Furthermore, students looking to pursue employment in Chicago after they graduate can benefit from pursuing an MBA in the city. Many of Chicago's business schools maintain connections with local employers, and students can intern or work for local companies while completing their education. Chicago also houses several professional organizations that offer benefits such as conferences, professional development, and continuing education, allowing students to grow and network while still in school.
Online students can also benefit from pursuing an online MBA at one of Chicago's schools. Chicago's cost of living is higher than anywhere else in the state, so in-state students can often save money by living at home and taking online courses. By doing so, these students can pay in-state tuition, continue working at their jobs, and save money on expensive housing costs that they would need to pay if they attended on-campus programs in Chicago.
Chicago provides many opportunities for professionals interested in entering management or the business and financial operations. As most MBA graduates pursue these industries, Chicago provides a particularly fertile ground for launching your career after you finish your program.
Education Statistics for Chicago, Illinois
|Metro Area||Percentage of Open Business Positions||Percentage of Remaining Discretionary Income After Expense||Average Unemployment Rate for Individuals 20-29 Years Old|
Source: Move.org, 2019
MBA Salary in Chicago
Salary Outlook for MBA Graduates in Chicago-Naperville-Elgin Metro Area
|Occupation Group||Annual Mean Wage||Examples of Job Titles|
|Management||$117,780||Chief Executives, General Operations Managers, Sales Managers|
|Business and Financial Operations||$76,070||Buyers/Purchasing Agents, Compliance Officers, Human Resources Specialists|
Source: Bureau of Labor Statistics (BLS)
Average Salary for MBA Graduates in Chicago, IL$96,472
MBA Employment in Chicago
Employment Outlook for MBA Graduates in Chicago-Naperville-Elgin Metro Area
|Occupation Group||Employment||Examples of Job Titles|
|Management||349,160||Chief Executives, General Operations Managers, Sales Managers|
|Business and Financial Operations||263,730||Buyers/Purchasing Agents, Compliance Officers, Human Resources Specialists|
Source: Bureau of Labor Statistics (BLS)