How Much Does MBA Degree Cost in Illinois?
Illinois pricing is near the national average. Updated for 2026.
MBA Degree Pricing in Illinois
In Illinois, the average cost for mba degree is $68,250 total program, which is 5% higher than the national average of $65,000. Most Illinois residents pay between $21,000 and $157,500.
Illinois has costs that track closely with the national average, though prices can still vary between urban and rural areas within the state.
An MBA (Master of Business Administration) costs vary dramatically between online programs, state schools, and top-ranked programs. Total cost includes tuition, fees, books, and opportunity cost of time.
Illinois vs National Average
What Affects MBA Degree Cost in Illinois?
Program Type
Online: $20K-$60K. State school: $30K-$80K. Top 25: $100K-$200K total
Top Schools
Harvard/Stanford/Wharton: $150K-$200K tuition alone. Average starting salary post-MBA: $150K-$175K
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💡 Tips to Save on MBA Degree in Illinois
- 1.Employer tuition reimbursement covers $5,000-$20,000+ per year at many companies
- 2.Online MBA programs from accredited schools cost 50-70% less
- 3.Consider ROI carefully — a top-20 MBA has different returns than a lower-ranked program
- 4.Apply for assistantships and merit scholarships
📈 MBA Degree in Illinois Cost Trends (2020–2024)
Prices have increased +17.7% over the last 5 years
| Year | National Avg | YoY Change |
|---|---|---|
| 2020 | $57,972 | — |
| 2021 | $60,407 | +4.2% |
| 2022 | $64,333 | +6.5% |
| 2023 | $66,134 | +2.8% |
| 2024 | $68,250 | +3.2% |
Based on national averages adjusted for annual inflation. Actual costs vary by location and project scope.
💬 What Did You Pay?
Real costs reported by homeowners for MBA Degree in Illinois
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Frequently Asked Questions
Is an MBA worth the cost?
Top-20 MBA programs show strong ROI with average starting salaries of $150K+. For lower-ranked programs, the ROI depends heavily on your career goals and how much you pay.
MBA Degree Cost in Other States
Related Cost Guides for Illinois
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