2025 Best Management Sciences & Quantitative Methods Master's Degree Schools in Illinois

If you pursue a master's degree in management sciences & quantitative methods, you won't be alone. The field of study is the #4 most popular program in the country. This means there are lots of options to choose from when you decide to get your degree.

College Factual looked at 12 colleges and universities when compiling its 2025 Best Management Sciences & Quantitative Methods Master's Degree Schools in Illinois ranking. When you put them all together, these colleges and universities awarded 5,158 master's degrees in management sciences & quantitative methods during the 2022-2023 academic year.

Jump to one of the following sections: * Our Methodology

• Best Master’s Degree Schools List

Choosing a Great Management Sciences & Quantitative Methods School for Your Master's Degree

The management science master's degree program you select can have a big impact on your future. Important measures of a quality management science program can vary widely even among the top schools. To make it into this list, a school must excel in the following areas.

A Great Overall School

A school that excels in educating for a particular major and degree level must be a great school overall as well. To make it into this list a school must rank well in our overall Best Colleges for a Master's Degree ranking. This ranking considered factors such as graduation rates, overall graduate earnings and other educational resources to identify great colleges and universities.

Early-Career Earnings

One measure we use to determine the quality of a school is to look at the average salary of master's graduates during the early years of their career. That is, everyone wants their master's degree to be worth something, and salaries are one measure of determining that.

Other Factors We Consider

In addition to the above, you should consider some of the following factors:

• Major Focus - How many resources a school devotes to management sciences & quantitative methods students as compared to other majors.
• Major Demand - The number of management sciences & quantitative methods students who choose to seek a master's degree at the school.
• Educational Resources - The amount of money and other resources allocated to students while they are pursuing their degree. These resources include such things as number of students per instructor and education expenditures per student.
• Student Debt - How much debt management sciences & quantitative methods students go into to obtain their master's degree and how well they are able to pay back that debt.
• Accreditation - Whether a school is regionally accredited and/or accredited by a recognized management sciences & quantitative methods related body.

Our full ranking methodology documents in more detail how we consider these factors to identify the best schools for management sciences & quantitative methods students working on their master's degree.

One Size Does Not Fit All

The management science school you choose to invest your time and money in matters. To help you make the decision that is right for you, we've developed a number of major-specific rankings, including this list of the Best Management Sciences & Quantitative Methods Master's Degree Schools in Illinois.

Best Schools for Master’s Students to Study Management Sciences & Quantitative Methods in Illinois

Explore the top ranked colleges and universities for management sciences & quantitative methods students seeking a a master's degree.

10 Top Illinois Schools for a Master's in Management Science

1

Northwestern University
Evanston, IL

2,055 Annual Graduates

$140,444 Median Starting Salary

Northwestern University is a great choice for individuals interested in a master's degree in management sciences & quantitative methods. Northwestern is a fairly large private not-for-profit university located in the city of Evanston.

Management Sciences & Quantitative Methods master's degree recipients from Northwestern University get an earnings boost of around $30,722 over the average earnings of management sciences & quantitative methods graduates.

More information about a master’s in management sciences & quantitative methods from Northwestern University

2

University of Illinois at Urbana-Champaign
Champaign, IL

1,070 Annual Graduates

$72,105 Median Starting Salary

University of Illinois at Urbana-Champaign is one of the best schools in the country for getting a master's degree in management sciences & quantitative methods. Located in the city of Champaign, UIUC is a public university with a very large student population.

Students who graduate with their master's from the management science program report average early career income of $72,105.

More information about a master’s in management sciences & quantitative methods from University of Illinois at Urbana-Champaign

3

Loyola University Chicago
Chicago, IL

90 Annual Graduates

Any student pursuing a degree in a master's degree in management sciences & quantitative methods needs to look into Loyola University Chicago. Located in the city of Chicago, Loyola Chicago is a private not-for-profit university with a large student population.More information about a master’s in management sciences & quantitative methods from Loyola University Chicago

4

Illinois Institute of Technology
Chicago, IL

55 Annual Graduates

Every student pursuing a degree in a master's degree in management sciences & quantitative methods needs to take a look at Illinois Institute of Technology. Located in the large city of Chicago, Illinois Tech is a private not-for-profit school with a medium-sized student population.More information about a master’s in management sciences & quantitative methods from Illinois Institute of Technology

5

Northern Illinois University
Dekalb, IL

118 Annual Graduates

NIU is a large public university located in the suburb of Dekalb.More information about a master’s in management sciences & quantitative methods from Northern Illinois University

6

DePaul University
Chicago, IL

49 Annual Graduates

$73,882 Median Starting Salary

Located in the large city of Chicago, DePaul is a private not-for-profit university with a very large student population.

Master's graduates who receive their degree from the management science program make about $73,882 in their early career salary.

More information about a master’s in management sciences & quantitative methods from DePaul University

7

Illinois State University
Normal, IL

19 Annual Graduates

Located in the medium-sized suburb of Normal, Illinois State is a public university with a very large student population.More information about a master’s in management sciences & quantitative methods from Illinois State University

8

University of Illinois at Chicago
Chicago, IL

230 Annual Graduates

$92,010 Median Starting Salary

UIC is a fairly large public university located in the city of Chicago.

Students who graduate with their master's from the management science program state that they receive average early career income of $92,010.

More information about a master’s in management sciences & quantitative methods from University of Illinois at Chicago

9

Lewis University
Romeoville, IL

144 Annual Graduates

Located in the large suburb of Romeoville, Lewis is a private not-for-profit university with a medium-sized student population.More information about a master’s in management sciences & quantitative methods from Lewis University

10

Elmhurst University
Elmhurst, IL

32 Annual Graduates

$88,979 Median Starting Salary

Elmhurst is a small private not-for-profit university located in the large suburb of Elmhurst.

Soon after graduating, management science master's recipients typically earn an average of $88,979 in their early careers.

More information about a master’s in management sciences & quantitative methods from Elmhurst University

Best Management Sciences & Quantitative Methods Colleges in the Great Lakes Region

Explore all the Best Management Sciences & Quantitative Methods Schools in the Great Lakes Area or other specific states within that region.

State	Colleges	Degrees Awarded
Michigan	211	382
Ohio	207	343
Indiana	191	475
Wisconsin	173	119

View All Rankings >

Management Sciences & Quantitative Methods Related Rankings by Major

One of 21 majors within the Business, Management & Marketing area of study, Management Sciences & Quantitative Methods has other similar majors worth exploring.

Management Science Focus Areas

Major	Annual Graduates
Management Science	3,820
Other Management Sciences and Quantitative Methods	1,315
Actuarial Science	19
Business Statistics	4

Majors Similar to Management Science

Related Major	Annual Graduates
Business Administration & Management	5,643
Accounting	510
Marketing	444
Human Resource Management	409
Finance & Financial Management	346
Management Information Systems	194
General Business/Commerce	114
Entrepreneurial Studies	31
Taxation	20
Business/Corporate Communications	19

Notes and References

• The bars on the spread charts above show the distribution of the schools on this list +/- one standard deviation from the mean.
• The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of the rest of our data about colleges.
• Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
• Credit for the banner image above goes to в±®. More about our data sources and methodologies.