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Affordable MBA Programs in Chicago
In Chicago, there are a handful of colleges that offer MBA programs at prices that are more affordable than some of the other options in the area. Check out the tuition rates and program descriptions.
University of Illinois at Chicago
Tuition for MBA programs at the Liautaud Graduate School of Business is $10,430 per semester (for 12 credit hours or more) for in-state students as of 2019.
This school offers a full-time MBA program, a weekend MBA program, and a flexible MBA program, which all require 54 credits. The full-time program can be finished in one year. The weekend MBA program can be finished in two years. The flexible MBA program can be completed in 18 months through a combination of night classes, online classes, and Saturday classes. Some of the topics covered in the MBA programs include social entrepreneurship, executive leadership, and web analytics. Students can select a concentration for their MBA program, such as accounting, international business, or management.
Northern Illinois University
NIU's College of Business features a Chicago campus where students can earn a one-year MBA for a total program cost of $39,000 as of 2019, which also covers expenses for the required international trip.
The MBA program includes access to a professional network, lecture events, and an international field project taking place in Germany and Italy. Also, students can benefit from a personalized plan that is designed to develop a professional business executive. Classes are held during the evening, twice a week. Some of the topics covered in the program include organizational behavior, managerial accounting, and strategic policy.
National Louis University
Tuition for NLU's MBA programs is $781 per credit hour for the 2018-2019 academic year.
The MBA programs in general business administration, entrepreneurship, and nonprofit management program at National Louis University in Chicago prepare students to be professional leaders. These programs are available online. Also, there is a blended format that offers online classes and on-campus workshops. Students in the blended MBA programs meet every other week. Some of the skills that students can strengthen include management, problem solving, communication, teamwork, and ethical responsibility. A Capstone Simulation project is required for graduation. This involves running a company with a team of students.
North Park University
The School of Business and Nonprofit Management at North Park University charges $2,340 per course as of 2019.
This 18-course MBA program trains business professionals to be skillful managers in the public, corporate, and non-profit sectors. Several topics are covered in this program, including economics, strategic management, and finance. In addition to earning an MBA degree, students can add graduate certificates in areas that interest them. There are 16 of these business and nonprofit certificates, which can be earned through elective courses. Also, these certificates don't cost extra. This program is available online and as a hybrid program with online and on-campus classes.
Robert Morris University
The university's School of Business offers an innovative MBA program that utilizes team teaching and costs $975 per credit hour as of 2019.
Every class is taught by two experts in various fields of business administration. The goal is to promote interrelated concepts and skills. A total of 30 credits is required to graduate. This program is available online and on campus. There are specialized certificates that can be completed individually or combined with the MBA degree. These are available in business analytics, supply chain management, and project management.
Program Admission Requirements
A bachelor's degree is required for admission to these programs, though it doesn't necessarily have to be in business. Students without an undergraduate business degree, however, may have to take extra courses in areas like economics. GMAT or GRE scores might also be required depending on an applicant's undergraduate GPA. Previous business experience is preferred, if not required. Some universities also require an essay and letters of recommendation. International students must submit proof of English language proficiency.
In conclusion, there are a handful of Chicago colleges that offer affordable MBA programs. Some offer online classes as well as specialization options that allow students to build skills in an area of interest.