CRAIN’S CONTENT STUDIO ADVERTISING SECTION
2019
MBAGUIDE
Which online or hybrid MBA option will you click with?
Explore 30+ Chicago-area MBA programs 2019 MBA GUIDE
CRAIN’S CONTENT STUDIO ADVERTISING SECTION
WELCOME Thank you for reading the latest edition of Crain’s MBA Guide from Crain’s Content Studio. In addition to a complete directory of more than 30 Chicago-area MBA programs, our eight sponsoring schools provide in-depth information on their MBA programs and other graduate business degree offerings. In this year’s main feature, Jane Adler explores one of the fastest-growing trends in MBA programs: online-only and hybrid (in-person and online) MBA degree options. Two key facts pop out of the story. One, employers now tend to accept online degree credentials without a second thought. And two, the online and hybrid programs are every bit as rigorous as the traditional on-campus-only model. We are grateful to the fine institutions who detail their MBA offerings in this issue: Chicago State University, Concordia University Chicago, DePaul University, Dominican University, Elmhurst College, Loyola University Chicago, Marquette University, and the University of Illinois at Urbana-Champaign. Please use these listings for comparison, and to gain a deeper understanding of the many fine MBA programs available in the Midwest. If you are an advertiser looking to reach readers completing the MBA program selection process, please contact Account Executive Courtney Rush at 312-550-6249 or crush@crain.com to learn more about tapping into that audience via Crain’s MBA Guide.
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2019 MBA GUIDE
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CRAIN’S CONTENT STUDIO ADVERTISING SECTION
MBA Programs Go Digital More Chicago-area universities are creating online-only and hybrid options that give busy executives the flexibility they need
A
busy consultant who often travels and has three young children, Jens Conzen didn’t have time to attend the on-campus classes he would need to earn an MBA degree. Rather than pass on this prime opportunity for professional development and career advancement, Conzen opted for an MBA program at Elmhurst College that’s mostly online. He can log in whenever it’s convenient, even when he’s on the road or after his kids go to bed. “It’s more efficient,” says Conzen, who admits it took some time to get used to the format. “The online program gives me flexibility.” Still a prized business credential, MBA degrees are now readily available online. Colleges and universities offer a variety of options, including online-only programs and hybrid programs that combine traditional classroom work and remote learning. Several factors account for the growth in online MBA degrees. Many students are midcareer and work full time. They’re busy and like the flexibility of classes that can be accessed anytime, anywhere. As enrollments in traditional in-class MBA programs have declined, schools are rethinking their approach. Online delivery of course content helps schools boost enrollment and reach students well beyond campus boundaries. Technology has improved, too. Online classes now feature virtual team projects and discussions. “We are using technology to reach students across the globe,” says Arshad Saiyed, assistant dean, online programs, Gies College of Business, University of Illinois, Urbana-Champaign. The school launched its online MBA—the iMBA—in January 2016. The program has grown quickly. It started with 114 students and now has 2,500 students. About a quarter live in Illinois. The others are from 46 states and several countries. The program takes two to three years to complete and costs about $22,000. “We offer a high-quality, affordable program,” Saiyed says.
By Jane Adler
2019 MBA GUIDE
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CRAIN’S CONTENT STUDIO ADVERTISING SECTION
Online MBA programs vary in length and cost. But students can expect to pay about the same, or somewhat less, than they would for a traditional in-person experience, from about $20,000 to more than $100,000. Chicago State University’s new MBA program, which includes an online component, costs about $21,000 for Illinois residents. Schools are working to shorten the length of programs. Busy executives don’t want to spend several years earning a degree. DePaul University is redesigning its curriculum so an MBA can be completed in 15 months instead of two years. Another change: Some online MBA programs no longer require applicants to take the GMAT exam.
HYBRIDS ARE POPULAR
Some programs offer classes only online. But many have a hybrid format, offering virtual classes along with an in-person component. In addition to his online classes, student Conzen will attend several “boot camp” sessions on campus. “It’s a good compromise and networking opportunity,” he says. Last year, Marquette University launched an online-only MBA program. It also offers traditional in-person and executive hybrid-style MBA programs. “Students can choose what they want,” says Jeanne Simmons, associate dean, Graduate School of Management, Marquette University, Milwaukee. She adds that fewer face-to-face classes are being offered because of the popularity of the online offerings. At Dominican University, River Forest, students can choose all online or face-to-face classes. But most mix and match, completing some classes in person and some online.
and pharmaceutical management. The entrepreneurship track emphasizes how to raise venture capital, according to Sabrina Land, director of marketing and media relations, Chicago State University. “There’s a big gap especially for minorities and women to access capital, so we focus on that.” Next fall, Loyola University Chicago will launch a “Next Generation” MBA. It will be taught with a combination of in-person and online classes. Employers and students are looking for knowledge beyond the technical skills provided in more traditional MBA programs, according to Kevin Stevens, dean, Quinlan School of Business, Loyola University Chicago. The new program will focus on data-driven decision making, along with leadership, communication and teamwork expertise. “We are building skills to take our students to the next level,” he says. Loyola also offers non-degree certificate programs online. Next fall, it plans to launch a global human resources certificate in partnership with schools in Spain and Colombia. Students will convene online and spend a week in each country. Two years ago, Concordia University Chicago introduced a doctorate in business administration. Most of the students in the program take the classes online. “It’s a popular program,” says Claudia Santin, dean of the college of business, Concordia. The school’s campus is in River Forest. Other area schools with online and hybrid MBA options include Aurora University, Benedictine University, Concordia University of Chicago, DeVry University, Governors State University, Lewis University, National Louis University, Purdue University Northwest and the University of Illinois at Chicago. As the number of such programs grows, employer acceptance of online MBA degrees is becoming common. In fact, employers might not even know if a degree was competed online unless they ask, as many school
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“Online classes are just as challenging as in-person ones. There’s just as much work.” - Kelly
Cunningham, MBA program director, Elmhurst College
A typical semester might include one in-person class for 16 weeks and two online classes, each for eight weeks. “We call it creative scheduling,” says Kathleen Odell, associate dean, Brennan School of Business, Dominican University. “It makes it easier for students to finish faster.” Online content at Dominican generally doesn’t differ from in-person coursework. The same instructors typically teach online and in person. “Everything is the same,” Odell says. Most online classes are asynchronous. Students can access the material when they want. A typical online MBA class at Elmhurst College meets for eight weeks. Assignments are turned in at the end of each week. The professor may host a weekly webinar that students can attend in real time or access later. “My philosophy is to meet the needs of the students,” says Kelly Cunningham, MBA program director, associate professor of business, Elmhurst College. Some face-to-face classes are now taught virtually, too. MBA students at DePaul University attend classes and participate in real time using Zoom video conferencing. “It’s fantastic,” says Bob Rubin, professor of management, associate dean for graduate and professional education, Driehaus College of Business and Kellstadt Graduate School of Business, DePaul University. DePaul offers a hybrid MBA program. Rubin emphasizes the importance of maintaining DePaul’s practical, high-touch approach. Students in the weekend hybrid MBA program meet in person every other Saturday. Technology connects students in other ways. Many MBA programs use the Blackboard learning system where students upload assignments and check their progress. Group project meetings are held online. Professors at Marquette University even hold office hours online.
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transcripts don’t differentiate between online and in-person programs. “Companies accept online degrees,” Marquette’s Simmons says. The reputation of the school granting the degree is what’s important, she adds. Educators agree that earning a degree online, or mostly online, takes discipline. Many classes aren’t held at a specific time. Older students, those typically in MBA programs, may not be familiar with remote learning systems. “Online students will have deliverables,” Simmons says. There are deadlines for assignments, and students are expected to log in for lectures and discussions. Cunningham at Elmhurst College adds, “Online classes are just as challenging as in-person ones. There’s just as much work.” Jessica Peterson is about to finish the MBA program at Loyola. Most of the classes have been online. That was a big help when she moved to Madison two years ago for work and was able to easily continue her studies. “You have to stay organized, absolutely,” she says. “It’s very challenging.” But it’s been worth it. The pursuit of an MBA helped her obtain a COO position. “I’ve moved to the next level,” she says.
NEW OPTIONS
Local schools are introducing new programs. Chicago State University launched a hybrid MBA program this fall. The campus is on the southeast side of the city, a convenient South Chicago location for students who live in the area and in Northwest Indiana. MBA classes meet on Friday evenings and Saturdays, and some of the courses are online. Students can attend part- or full-time. The two-year program offers traditional areas of specialization, as well as concentrations in entrepreneurship, healthcare, education leadership
2019 MBA GUIDE
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CRAIN’S CONTENT STUDIO ADVERTISING SECTION
DIRECTORY OF COLLEGE-AREA MBA PROGRAMS
AURORA UNIVERSITY School of Business & Public Policy 347 S. Gladstone Ave., Aurora, IL 60506; 630-844-5533 aurora.edu/academics/graduate/business-administration Graduate business degrees offered: MBA offered as a standalone (including online, evening and MBA Plus One Daytime Program options) or as a dual Master of Social Work/ Master of Business Administration degree; master’s degree in accountancy Accreditation: Higher Learning Commission BENEDICTINE UNIVERSITY Goodwin College of Business 5700 College Road, Goodwin Hall, Lisle, IL 60532; 630-8296000 ben.edu/college-of-business/graduate Graduate business degrees offered: MBA (including an Internship MBA, the 4+1 one-year program for students with BBA or BS undergraduate degrees, and accelerated 18-month in-person and online options); master’s degrees in accountancy, business analytics, management and organizational behavior, values-driven leadership; several dual degrees; Ph.D. in organization development, Ph.D./DBA in values-driven leadership Accreditation: Higher Learning Commission
CHICAGO STATE UNIVERSITY 9501 S King Drive, Chicago, IL 60628; 312-953-3976 csu.edu/collegeofbusiness/MBA Graduate business degree offered: Two-year Weekend MBA designed for working professionals; concentrations include accounting, education administration, entrepreneurship, finance, healthcare management, human resource management, international business, management information systems, marketing, non-profit management, and pharmaceutical management & administration Accreditation: Higher Learning Commission
CONCORDIA UNIVERSITY CHICAGO College of Business 7400 Augusta St., River Forest, IL 60305; 708-773-8300 CUChicago.edu/business Graduate business degrees offered: MBA offered as a standalone (including a one-year online option) or with specializations in accounting, chief school business official, digital marketing, entrepreneurship, finance, health care management, leadership and change management, notfor-profit management, school business management and sports management. Also offers a doctorate of business administration, and MBA certificates in digital marketing, entrepreneurship, finance, health care management, leadership and change management, not-for-profit management and sports management Accreditation: Higher Learning Commission, ACBSP candidate for accreditation
DEPAUL UNIVERSITY Kellstadt Graduate School of Business 1 E. Jackson Blvd., Suite 5300, Chicago, IL 60604; 312-3628810 Go.Depaul.edu/KGSBINFO Graduate business degrees offered: MBA offered as a standalone or with 14 areas of concentration (accountancy, applied economics, business strategy & decision making, entrepreneurship, finance, hospitality leadership, international business, management, management information systems, marketing, marketing strategy & planning, real estate finance & investment, and strategy, execution & valuation) in three formats (full-time, evening, weekend); 17 master’s degrees; doctorate of business administration Accreditation: AACSB International
2019 MBA GUIDE
CRAIN’S CONTENT STUDIO ADVERTISING SECTION DEVRY UNIVERSITY Keller Graduate School of Management 8550 W. Bryn Mawr Ave., Suite 450, Chicago, IL 60631, 773-695-1000; 3300 N. Campbell Ave., Chicago, IL 60618, 773-929-8500; 225 W. Washington St., Suite 100, Chicago, IL 60606, 312-372-4900; 1221 N. Swift Road, Addison, IL 60101, 630-953-1300; 1325 Tri-State Pkwy., Suite 120, Gurnee, IL 60031, 847-855-2649; 1200 E. Diehl Rd., Naperville, IL 60563, 630-428-9086; 18624 W. Creek Dr., Tinley Park, IL 60477, 708-342-3300, keller.edu Graduate business degrees offered: MBA offered as a standalone or with specializations in accounting, business intelligence & analytics management, entrepreneurship, finance, global supply chain management, health services, human resources, information systems management, marketing and project management; master’s degrees in accounting, accounting & financial management, human resource management, information systems management, information technology management, network & communications management. Includes online-only and hybrid options. Accreditation: Higher Learning Commission
DOMINICAN UNIVERSITY Brennan School of Business 7900 W. Division St., River Forest, IL 60305; 708-524-6810 degrees.dom.edu Graduate business degrees offered: Accelerated MBA; MBA (online or on campus); master’s degree in accounting; dual degrees in dietetics, social work and library & information science. Also offers certificates in accounting, data analytics, finance, leadership, healthcare administration, international business administration and marketing. Accreditation: AACSB International
ELMHURST COLLEGE Department of Business 190 Prospect Ave., Elmhurst, IL 60126; 630-617-3400 elmhurst.me/MBA Graduate business degrees offered: MBA offered as a standalone or with concentrations in computer information technology data science, finance, general management, geography & GIS, health care administration, management of people, managerial leadership, market research, project management and supply chain management in on-campus and online formats; master’s degrees in industrial/organizational psychology, project management, supply chain management. Offers certificates in market research and project management. Accreditation: Higher Learning Commission GOVERNORS STATE UNIVERSITY College of Business 1 University Parkway, University Park, IL 60484; 708-534-4930 govst.edu/mba Graduate business degrees offered: MBA offered as a standalone or with concentrations in business analytics, finance, leadership, supply chain management; master’s degrees in accounting, human resources, management information systems Accreditation: AACSB International ILLINOIS INSTITUTE OF TECHNOLOGY Stuart School of Business 565 W. Adams St., 4th floor, Chicago, IL 60661, 312-9066500; 10 W. 35th St., 18th Floor, Chicago, IL 60616, 312906-6500 stuart.iit.edu Graduate business degrees offered: MBA, accelerated MBA; master’s degrees in environmental management & sustainability, finance, management science, marketing analytics, mathematical finance, public administration, technological entrepreneurship; Doctor of Philosophy in management science; eight dual degrees; six additional dual degrees with other Illinois Tech Colleges Accreditation: AACSB International
JUDSON UNIVERSITY Division of Professional Studies 1151 N. State St., Elgin, IL 60123; 847-628-2500 judsonu.edu/graduate/mba/overview Graduate business degrees offered: MBA; master’s degrees in human services administration, leadership in ministry, organizational leadership Accreditation: Higher Learning Commission LAKE FOREST GRADUATE SCHOOL OF MANAGEMENT 1905 W. Field Court, Lake Forest, IL 60045; 847-574-5180 lakeforestmba.edu Graduate business degrees offered: Leadership MBA; Leadership in Data Analytics certificate. Accreditation: Higher Learning Commission LEWIS UNIVERSITY Graduate School of Management One University Parkway, Romeoville, IL 60446; 815-836-5610 lewisu.edu/academics/gsm Graduate business degrees offered: MBA, on campus or online; master’s in business analytics (also available on campus or online), finance, information security, project management; certificates in accountancy, finance, healthcare management, human resource management, information security, information technology management, international business, management, marketing, operations management, project management, social media marketing Accreditation: ACBSP
LOYOLA UNIVERSITY CHICAGO Quinlan School of Business 16 E. Pearson St., Chicago, IL 60611; 312-915-6124 luc.edu/quinlan/mba Graduate business degrees offered: MBA (on campus or online), Baumhart Scholars MBA (20-month program for young leaders), Executive MBA, MBA Healthcare Management, Next Generation MBA (with a focus on data-drive decision making and options for one-year and two-year completion), dual degrees including JD/MBA in law; MBA/MSA in accounting, MBA/MSF in finance, MBA/MSHR in human resources, MBA/ MSISM in information systems management, MBA/MSM in marketing, MBA/MSP in pharmacology, MBA/MSSCM in supply chain management; master’s in accountancy, business data analytics, finance, human resources management, information systems management, marketing, supply chain management; certificates in business data analytics, business ethics, cybersecurity, human resources & employment relations, supply chain fundamentals, business administration Accreditation: AACSB International
MARQUETTE UNIVERSITY Graduate School of Management 1225 W. Wisconsin Ave., Milwaukee, WI 53233; 414-2887145 marquette.edu/gsm Graduate business degrees offered: MBA; executive MBA; online MBA; master’s degrees in accounting, accounting analytics, applied economics, corporate communication, supply chain management; STEM MBA combining an MBA with undergraduate degrees in biological sciences, biochemistry & molecular biology, biomedical sciences, chemistry, computer science, engineering, exercise physiology, may, physics, physiological sciences; certificates in business & managerial analytics, leadership, sports leadership Accreditation: AACSB NATIONAL LOUIS UNIVERSITY College of Professional Studies and Advancement 122 S. Michigan Ave., Chicago, IL 60603; 888-658-8632 nl.edu/businessdegreeinfo/mba Graduate business degrees offered: MBA offered with online, on campus and blended options, as a standalone or with concentrations in entrepreneurship, nonprofit management; master’s degree in human resource management & development Accreditation: IACBE, Higher Learning Commission
2019 MBA GUIDE
NORTH CENTRAL COLLEGE School of Graduate & Professional Studies 30 N. Brainard St., Naperville, IL 60540; 630-637-5555 northcentralcollege.edu/mba Graduate business degrees offered: MBA with a one-year option; master’s degrees in higher education leadership, organizational leadership, sports leadership, financial management, human resource management Accreditation: Higher Learning Commission NORTH PARK UNIVERSITY School of Business & Nonprofit Management 3225 W. Foster Ave., Chicago, IL 60625; 773-244-6200 northpark.edu Graduate business degrees offered: MBA; master’s degrees in higher education administration, human resource management, nonprofit administration, organizational leadership; 16 certificate programs Accreditation: Higher Learning Commission NORTHEASTERN ILLINOIS UNIVERSITY College of Business & Management 5500 N. St. Louis Ave., Chicago, IL 60625; 773-442-6107 neiu.edu/academics/college-of-business-and-management Graduate business degrees offered: MBA; master’s degree in accounting Accreditation: AACSB International, Higher Learning Commission NORTHERN ILLINOIS UNIVERSITY College of Business 105 W. Madison St., Chicago, IL 60602; 740 Garden Road, DeKalb, IL 60115; 5555 Trillium Blvd., Hoffman Estates, IL 60192; 1120 E. Diehl Road, Naperville, IL 60563; 8500 E. State St., Rockford, IL 61108; 866-648-6221, cob.niu.edu/ academics/mba Graduate business degrees offered: MBA, one-year MBA, executive MBA; global MBA with international study for dual degree; master’s degrees in accountancy, accounting science, data analytics, taxation, management information systems, financial risk management, online master’s in digital marketing Accreditation: AACSB International NORTHWESTERN UNIVERSITY Kellogg School of Management 2211 Campus Drive, Evanston, IL 60208; 847-491-3300 kellogg.northwestern.edu Graduate business degrees offered: MBA with full-time and evening & weekend options over one or two years; executive MBA; master’s degree in management studies; JD-MBA and MMM dual degrees; doctorates in eight areas plus a JD-PhD degree Accreditation: Higher Learning Commission NORTHWESTERN UNIVERSITY Pritzker School of Law 375 E. Chicago Ave., Chicago, IL 60611; 312-503-3100 law.northwestern.edu/academics/degree-programs/msl/ index.html Graduate business degrees offered: Master of Science in Law, which melds the study of law and business for students who want to make an impact in STEM settings; options include residential full-time, residential part-time and online part-time Accreditation: Higher Learning Commission OLIVET NAZARENE UNIVERSITY School of Graduate & Continuing Studies One University Ave., Bourbonnais, IL 60914; 877-965-4838 graduate.olivet.edu/programs/business-olivet-online/masterbusiness-administration Graduate business degrees offered: MBA; master’s degree in organizational leadership; doctorate in ethical leadership; certificate in corporate communications Accreditation: Higher Learning Commission PURDUE UNIVERSITY NORTHWEST 2200 169th St., Hammond, IN 46323; 219-989-2400 academics.pnw.edu/business/graduate-programs/mba Graduate business degrees offered: Evening MBA; executive
CRAIN’S CONTENT STUDIO ADVERTISING SECTION MBA; master’s degree in accountancy Accreditation: AACSB International ROBERT MORRIS UNIVERSITY ILLINOIS Morris Graduate School of Management 401 S. State St., Chicago, IL 60605; 312-935-5460 robertmorris.edu/masters/mba Graduate business degrees offered: MBA with concentrations in management, human resource management, management/ HR management, management/finance, accounting, accounting/finance; master’s degrees in information systems, management and science in human performance; dual JD/MBA with UIC John Marshall Law School Accreditation: Higher Learning Commission Roosevelt University Heller College of Business 430 S. Michigan Avenue, Chicago, IL 60605; 312-281-3250 roosevelt.edu/colleges/business/hcb-grad Graduate business degrees offered: MBA; master’s degrees in accounting, accounting forensics, executive hospitality & tourism management, hospitality & tourism management, human resource management, organization development, real estate Accreditation: ACBSP ST. XAVIER UNIVERSITY Graham School of Management 3825 W. 103rd St., Chicago, IL 60655; 773-298-3053 sxu.edu/academics/colleges_schools/gsm/grad/mba.asp Graduate business degrees offered: Saturday MBA, MBA with concentrations in digital marketing, finance, financial fraud examination & management, forensic & investigative accounting, health administration, human resource management, management, project management; MBA at Chicago Police Department; MBA/MACS, MBA/MSN dual degrees; master’s degree in accounting Accreditation: AACSB International, Higher Learning Commission
UNIVERSITY OF CHICAGO Booth School of Business 5807 S. Woodlawn Ave., Chicago, IL 60637; 773-702-7743 chicagobooth.edu Graduate business degrees offered: Full-time MBA, evening MBA, weekend MBA; executive MBA; doctorates in accounting, behavioral science, econometrics and statistics, economics, finance, management science/operations management, marketing, dual psychology/business and financial economics doctorates Accreditation: AACSB International UNIVERSITY OF ILLINOIS AT CHICAGO Liautaud Graduate School of Business 601 S. Morgan St., University Hall, 11th floor, Chicago, IL 60607; 312-996-2700 business.uic.edu Graduate business degrees offered: MBA, with full-time, weekend and flexible options; master’s degrees in accounting, business analytics, finance, management information systems, marketing, supply chain & operations management; doctorates in business administration - accounting, business administration – human resources, business administration - IDS, business administration – marketing, management information systems Accreditation: AACSB International UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN Gies College of Business 515 E. Gregory Drive, Room 3019 BIF, Champaign, IL 61820; 217-244-8019 mba.illinois.edu Graduate business degrees offered: iMBA online program; master’s in accounting science, accountancy (on-campus or online), finance, financial engineering, management,
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technology management, online master of science in strategic brand communication; doctorates in accountancy, business administration, finance Accreditation: AACSB International UNIVERSITY OF NOTRE DAME Mendoza College of Business 204 Mendoza College of Business, Notre Dame, IN 46556; 224 S. Michigan Ave., Suite 350, Chicago, IL 60604; 574631-7236 mendoza.nd.edu/programs/mba-programs Graduate business degrees offered: In Chicago: Executive MBA; master’s degrees in business analytics, finance. In South Bend: Executive MBA; two-year MBA; one-year MBA; JD/MBA, MBA/MS business analytics, MBA/science, MBA/engineering dual degrees; master’s degrees in accountancy, business analytics, management, nonprofit administration, executive nonprofit administration Accreditation: AACSB International, Higher Learning Commission UNIVERSITY OF ST. FRANCIS College of Business & Health Administration 500 Wilcox St., Joliet, IL 60435; 800-735-7500 https://www.stfrancis.edu/mba Graduate business degrees offered: MBA offered as a standalone or with concentrations in accounting, data analytics, finance, health administration, human resource management, supply chain management, management, training & development; master’s degrees in management, health administration, training & development; certificates in accounting, data analytics, finance, human resource management, logistics, training & development, training specialist Accreditation: ACBSP