MBA Programs in Illinois
Illinois is home to 31 Fortune 500 companies that cover a range of industry sectors, from manufacturing to insurance and financial services. Illinois' central Midwest location and its transportation infrastructure, including O'Hare International Airport and 13 ports, make it perfectly situated for warehousing and distribution, both nationally and globally.
The state Department of Commerce and Economic Opportunity (DCEO) offers Illinois businesses incentives for expansion, tech support, access to investment capital and expertise in global marketing. It also places a strong emphasis on small business opportunities for female and minority entrepreneurs.
Table of Contents:
Chicago is Big on Business for Graduates of MBA programs in Illinois
Chicago is by far the largest city in Illinois. In addition to being a top U.S. tourism destination, Chicago ranks seventh as a Global Financial Center and has the second-largest science and engineering workforce in the U.S. The city is also crazy for its sports teams: One of the 50 fastest-growing occupations in Illinois, according to the state Department of Labor, is agents and business managers of athletes, artists and performers. Sports management is a specialty area, and an MBA could be your ticket into this fascinating career. In a state with so many different opportunities, graduates of business schools in Illinois should have career choices in every industry sector.
Chicago, Illinois MBA Programs and Business Schools
How can earning an MBA help excel your career in Chicago? Chicago is home to one of the most diverse economic climates in the country, thriving on both mature and emerging industries. Though manufacturing and transportation industries have been major players in the area's economic landscape for many generations, growing fields include information technology, green energy, and transportation and distribution, according to information from the economic development group World Business Chicago. In fact, WBC data suggests that Chicago ranks in the top five cities out of 350 metro areas in terms of output in sectors such as business and financial services, information technology, manufacturing, and more.
A number of Fortune 500 businesses are located in Chicago and its surrounding metro area. Boeing, Intergrys Energy Group, and United Continental Holdings are located within Chicago while Fortune 500 companies based just outside the Chicago city limits include McDonalds, Motorola Solutions, OfficeMax and Walgreens. With such big-name companies and related opportunities, one of the business schools in Chicago could be right for you when it comes to career planning.
People living and doing business in Naperville have the best of the suburban experience. This city of 142,000 residents has made Money's annual list of Best Places to Live three years in a row, thanks to its award-winning schools, small-town ambiance and short commute to Chicago. Naperville's tree-lined streets and strong economy attract many families and individuals, as census figures show the city's population increased 10.5 percent between 2008 and 2010.
Naperville is also an affluent community. Census figures show the median household income there was $100,503 between 2005 and 2009, and the median cost of an owner-occupied home was $397,000 during the same period. The city's wealth likely comes from its diverse economy: Principal industries in Naperville include technology and research, retail and manufacturing. education is also important to residents of Naperville, as more than 64 percent of the city's population has a bachelor's degree or higher. Naperville MBA programs can offer professionals who want to excel in any of the area's top industries the skills and experience that can help in finding a management job.
Though it's located just 30 miles northwest of Chicago, Schaumburg is its own entity boasting its own unique economy. This town of nearly 75,000 residents, according to 2010 U.S. Census figures, has received a wide variety of accolades in recent years: Sperling's Best Places recently ranked Schaumburg No. 4 on its list of Best Cities for Teleworking; No. 7 on its list of Best Block Party Places; and No. 7 on its list of "manliest" cities. Education is also valued in Schaumburg, as census data shows that almost 42 percent of Schaumburg's adults hold a bachelor's degree or higher.
Additionally, Schaumburg is home a number of well-established business sectors contributing to the area's economic well-being, including finance, insurance and real estate industries; retail trade; professional and scientific services; and health care and social assistance. The city's final 2010 financial report shows that major employers in Schaumburg include Motorola, which is headquartered there; Woodfield Mall; Zurich; IBM; Glenworth Financial; Comcast; and Verizon Wireless. This diverse group can create opportunities for leaders and managers, especially those with a MBA. When considering these various factors, it's evident that graduates of business schools in Schaumburg could benefit from a number of opportunities in the city's diverse economic climate.