Cheapest MBA Programs in Chicago

A Master of Business Administration degree is a prerequisite for careers in business, management, and leadership. The article introduces you to some schools in Chicago that offer affordable MBA programs with tuition costs less than $20,000. Schools offering Business degrees can also be found in these popular choices.

Northeastern Illinois University

The MBA program offered at Northeastern Illinois University is designed for both full-time students and working professionals and is provided as a combination of traditional, online, and hybrid teaching. The program requires 33 credit hours spread across courses like applied business research, business policy and strategy, international business law, and corporate financial strategy.

National Louis University

National Louis University's MBA program is offered either entirely online or as a combination of online and face-to-face classes. The program mandates 39 semester hours for its completion and offers concentrations in Accounting, Nonprofit Management, Health Services Administration, Entrepreneurship, and Nonprofit Management; students are allowed to pursue more than one concentration.

University of Illinois at Chicago

The University of Illinois at Chicago offers a 54-credit MBA program that has full-time, part-time, online, and weekend study formats and specializations in 12 areas like Operations and Supply-Chain Management, Management Information Systems, Business Analytics, International Business, and Finance. The school also offers joint degree programs in which students can pursue master's degrees in subjects like finance, accounting, public health, and supply chain and operations management or doctoral degrees in medicine and pharmacy along with MBA.

North Park University

North Park University's MBA program is aimed at experienced professionals and offers classes in traditional, fully online, and blended formats. The 36-semester hour program can be completed in 21 months to 2.5 years and incorporates courses in ethical leadership and decision-making, marketing analysis and consumer behavior, quantitative decision analysis, financial decision making, and global microeconomics; the program awards graduate certificates through its elective courses.

Saint Xavier University

The MBA program at Saint Xavier University emphasizes on management theory and provide concentrations in Digital Marketing, Project Management, Health Administration, Forensic and Investigative Accounting, Finance, Human Resource Management, Financial Fraud Examination and Management, Generalist/Individualized, and Management. The 39-credit hour program has nine core courses and allows students to select four electives either from a concentration or from different concentrations.

DeVry University-Illinois

DeVry University hosts an MBA program that is available 100% online and in hybrid modes, with both full-time and part-time options. The program provides ten specializations in areas like Accounting, Human Resource, Entrepreneurship, Global Supply Management, Business Intelligence, and Analytics Management, and Information Systems Management; students can also get graduate certificates in areas of business, accounting, healthcare, and technology while pursuing MBA.

Loyola University, Chicago

Loyola University Chicago offers four MBA programs: Next Generation MBA, Baumhart Scholars MBA, Executive MBA, and an MBA in Healthcare Management. The Next Generation MBA can be completed in one (full-time) or two (part-time) years, while the other programs require 20 months for completion; all these programs offer blended learning.

DePaul University

The MBA program offered at DePaul University is available in three formats: full-time day MBA, evening MBA, and weekend MBA; the program length of these formats is 18 months, 2-3 years, and two years, respectively. The program provides concentrations in 14 areas such as International Business, Business Strategy and Decision Making, Management Information Systems, Real Estate Finance and Investment, and Hospitality Leadership, with options to customize the program and to choose multiple concentrations.

School Name Programs & Specializations Offered* Tuition Cost (2018-19)**
Northeastern Illinois University *MBA In-state: $7,273, Out-of-state: $14,548
National Louis University *MBA: Accounting, Nonprofit Management, Health Services Administration, Entrepreneurship, and Nonprofit Management $11,646
University of Illinois at Chicago *MBA: Operations and Supply-Chain Management, Management Information Systems, Business Analytics, International Business, Accounting, Economics, Entrepreneurship, Management, Marketing, Real Estate, Self Directed, and Finance In-state: $13,612, Out-of-state: $23,299
North Park University *MBA $13,932
Saint Xavier University *MBA: Digital Marketing, Project Management, Health Administration, Forensic and Investigative Accounting, Finance, Human Resource Management, Financial Fraud Examination and Management, Generalist/Individualized, and Management $16,000
DeVry University-Illinois *MBA: Accounting, Human Resource, Entrepreneurship, Global Supply Management, Business Intelligence, and Analytics Management, Information Systems Management, Finance, Marketing, Project Management, and Health Services $16,852
Loyola University Chicago *Next-Generation MBA
*Baumhart Scholars MBA
*Executive MBA
*MBA Healthcare Management
$18,594
DePaul University *MBA: Accountancy, Applied Economics, Business Strategy & Decision Making, Custom MBA, Entrepreneurship, Finance, Hospitality Leadership, International Business, Management, Management Information Systems, Marketing, Marketing Strategy & Planning, Real Estate Finance & Investment, Strategy, Execution & Valuation $19,032

Source: * School Websites, **NCES.

Around eight schools in Chicago offer affordable MBA programs with multiple concentrations for both students and professionals. These programs are offered in online and hybrid formats.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

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