Graduate School of Management
MBA Degree Programs Profile Page
The MBA program at Lake Forest Graduate, Graduate School of Management offers a Illinois in‑state tuition of $56,160, compared with the national online program average of $76,119 and the average for programs in Illinois at $135,695.
Graduates report an average starting salary of $109,587, compared with the online program average of $82,169 and Illinois average of $89,995.
The program’s estimated ROI is 190%, versus 196% for online programs nationwide and 191% for programs in Illinois.
With a student‑faculty ratio of N/R*:1, compared with 17:1 for online programs and 13:1 in Illinois, the program serves a total enrollment of N/R* students.
GMAT requirement: N/R*. Average GMAT score: N/R*, compared with an online average of 561 and the Illinois average of 567.
$56,160
Average Tuition
$109,587
Average Starting Salary*
N/R*
Average GMAT Scores
N/R*
Average Student Enrollment
| Averages | Lake Forest Graduate Averages | Online Averages | Illinois Averages |
|---|---|---|---|
| Tuition | $56,160 | $76,119 | $135,695 |
| Salary | $109,587 | $82,169 | $89,995 |
| ROI | 190% | 196% | 191% |
| S/F Ratio | N/R*:1 | 17:1 | 13:1 |
| Enrollment | N/R* | 2,654 | 2,268 |
| GMAT | GMAT Required: Yes
Average GMAT Score: N/R* |
561 | 567 |
Lake Forest Graduate
Graduate School of Management
Location:
- Lake Forest
,
- IL
Control: Private, not-for-profit
Accredited: AACSB
Degree Level(s):
Offered As:
- Accounting
- Economics
- Finance
- General Business
- Information Systems
- International Business
- Management
- Marketing
Compare Lake Forest Graduate's Tuition, Salary, ROI, Student / Faculty Ratio, Enrollment (Alumni) and GMAT Requirements
Compare how the MBA program at Lake Forest Graduate measures up against Illinois, national, and online averages across key metrics of Tuition, Graduate Salary, Graduate ROI, Student / Faculty Ratios, Enrollment (Alumni) and GMAT Requirements to help you evaluate your educational investment.
Compare Average MBA Tuition
In Illinois the most affordable MBA program is $15,720 and the most expensive is $1,521,252. The average tuition cost in the state is $135,695. Currently, the average in-state MBA tuition for Lake Forest Graduate is $56,160.
| Comparison Group | MBA Tuition Averages |
|---|---|
| Lake Forest Graduate | $56,160 |
| Illinois Average | $135,695 |
| Online Average | $76,119 |
| National Average | $85,145 |
-
- Lake Forest Graduate average in-state tuition is $56,160
- The average Illinois in-state MBA tuition is $135,695
- The average online MBA tuition in the United States is $76,119
- The national average in-state tuition in the United States is $85,145
The most affordable Online MBA program in Illinois is $15,720 while the most expensive online program is $157,542. The average online tuition for Illinois programs is $59,059. Research the most affordable AACSB online MBA programs across the nation.
- Lake Forest Graduate's average in-state tuition is $56,160
- Illinois average in-state tuition is $59,059
- National for average in-state tuition in the United States is $76,119
- Online average for in-state tuition is $76,119
- Find the most affordable online MBA schools.
Compare Average Graduate MBA Salaries
The highest average graduate salary1 for an MBA program in Illinois is $206,000 and the lowest is $43,087. The average graduate MBA salary in the state is $89,995. Currently, the average MBA graduate salary for Lake Forest Graduate is estimated to be $109,587.
| Comparison Group | Graduate MBA Salary Averages |
|---|---|
| Lake Forest Graduate | $109,587 |
| Illinois Average | $89,995 |
| Online Average | $82,169 |
| National Average | $85,550 |
-
- National average for MBA graduate salary is $85,550
- Online average for graduate MBA salary is $82,169
For online MBA programs in Illinois, the highest average graduate salary1 is $113,000 and the lowest is $43,087. The average graduate MBA salary in the state is $80,881. Currently, the average MBA graduate salary for Lake Forest Graduate is estimated to be $109,587.
-
- Illinois average for online MBA starting salary is $80,881
- National average for online MBA starting salary is $82,169
Find the online MBA programs with highest and lowest average online MBA starting salaries.
Compare Average ROI for Graduate MBA Students
The highest average graduate ROI1 for MBA students in Illinois is 436% and the lowest is -1%. The average graduate MBA ROI in the state is 191%. Currently, the average MBA graduate ROI for Lake Forest Graduate is estimated to be 190%.
| Comparison Group | Graduate MBA ROI Averages |
|---|---|
| Lake Forest Graduate | 190% |
| Illinois Average | 191% |
| Online Average | 196% |
| National Average | 186% |
-
- National average for MBA graduate ROI is 186%
- Online average for graduate MBA ROI is 196%
For online MBA programs in Illinois, the highest average graduate ROI1 is 436% and the lowest is 22%. The average graduate MBA ROI in the state is 225%. Currently, the average MBA graduate ROI for Lake Forest Graduate is estimated to be 190%.
-
- Illinois average for online MBA starting ROI is 225%
- National average for online MBA starting ROI is 196%
Find the schools with the highest and lowest ROI for graduating MBA students.
Compare Business School Student / Faculty Ratios
The average student to faulty ratio for business schools in Illinois ranges between a low of 5:1 to a high of 24:1 with an average Student Faculty Ratio of 13:1. Currently, Lake Forest Graduate has an average student-to-faculty ratio for its MBA program of currently not available:1.
| Comparison Group | Average Student to Faculty Ratios |
|---|---|
| Lake Forest Graduate | currently not available:1 |
| Illinois Average | 13:1 |
| Online Average | 17:1 |
| National Average | 16:1 |
-
- Lake Forest Graduate Average Student Faculty Ratio: N/R*:1
- Illinois Student Faculty Ratio: 13:1
- Average U.S. Student Faculty Ratio: 16:1
- Average Online Student Faculty Ratio: 17:1
For online MBA programs, the student-to-faculty ratios range between a low of 2:1 to a high of 63:1 with an average of 17:1.
Research the best and worst student-to-faculty ratios.
Compare Average Business School Enrollment (Alumni)
In Illinois, the average business school enrollment ranges between a low of 530 to a high of 8,537 with an average of 2,268. Currently, Lake Forest Graduate average school enrollment is currently not available..
| Comparison Group | Average Business School Enrollment / Alumni |
|---|---|
| Lake Forest Graduate | currently not available. |
| Illinois Average | 2,268 |
| Online Average | 2,654 |
| National Average | 2,533 |
-
- Lake Forest Graduate Average School Enrollment: N/R*
- Illinois's Average School Enrollment: 2,268
- National Average for School Enrollment: 2,533
- Online Average for School Enrollment: 2,654
For online business schools, enrollments range from a low of 152 to a high of 21,000 with an average of 2,654.
Research, find and compare online business schools enrollments.
Compare Average GMAT Scores
The average GMAT score for an MBA program in Illinois ranges between a low of 455 to a high of 729 with an average of 567. At the present time, Lake Forest Graduate average GMAT score for its MBA program is not reported at this time.
| Comparison Group | Average GMAT Scores |
|---|---|
| Lake Forest Graduate | not reported at this time |
| Illinois Average | 567 |
| Online Average | 561 |
| National Average | 567 |
-
- Lake Forest Graduate Average GMAT: N/R*
- Illinois's Average GMAT Scores: 567
- National Average for GMAT Scores: 567
- Online Average for GMAT Scores: 561
For online MBA programs GMAT scores range from a low of 265 to a high of 732 with an average of 561.
Many MBA programs no longer require the GMAT, making these exams optional or conditional based on specific criteria. While some business schools have eliminated standardized testing requirements entirely, others still consider test scores as a component of the application process. Even at test-optional institutions, admissions committees may require the GMAT for applicants with lower GPAs or limited quantitative coursework. Ultimately, strong test scores can strengthen an application, but many programs now evaluate candidates holistically based on work experience, academic background, and leadership potential.
-
- Find MBA programs that do not require a GMAT or make the exam optional or conditional
- Find Online MBA programs with the highest and lowest GMAT requirements
Illinois Schools Offering Online MBA Degrees
- Western Illinois University
- Southern Illinois University Edwardsville
- Northeastern Illinois University
- Illinois Institute of Technology
- University of Illinois at Chicago
- Governors State University
- Dominican University
- DePaul University
- Eastern Illinois University
- University of Illinois at Springfield
- Southern Illinois University Carbondale
- Northern Illinois University
- University of Illinois at Urbana-Champaign
Illinois Schools Offering both Campus and Online MBA Degrees
Find the best ranked MBA programs in Illinois and also find the best best online MBA programs accepting Illinois students.
- Western Illinois University
- The University of Chicago
- Southern Illinois University Edwardsville
- Northwestern University
- Northeastern Illinois University
- Loyola University Chicago
- Illinois State University
- Illinois Institute of Technology
- University of Illinois at Chicago
- Governors State University
- Dominican University
- DePaul University
- Eastern Illinois University
- University of Illinois at Springfield
- Southern Illinois University Carbondale
- Northern Illinois University
- Bradley University
- Saint Xavier University
- University of Illinois at Urbana-Champaign
Cities in Illinois Where You Can Find MBA Programs
Using the following links, compare average tuition costs, starting graduate salaries, program ROIs, averaged required GMAT scores, strong alumni networks and more.
- Carbondale
- Champaign
- Charleston
- Chicago
- Dekalb
- Edwardsville
- Evanston
- Macomb
- Normal
- Peoria
- River Forest
- Springfield
- University Park
Lake Forest Graduate Graduate School of Management Summary
In-state tuition and fees for the MBA program at Graduate School of Management is $56,160. Of all MBA programs offered in Illinois, the average cost for in-state tuition and fees is $135,695 a year. The average cost for in-state tuition and fees for an online MBA program is $76,119 a year.
The average GMAT score to enter into Graduate School of Management is N/R* while the average GMAT score to for MBA schools in Illinois is 567.32, and the average GMAT score to enter into an online GMAT program is 560.93.
After graduating, the school reports that the average graduate salary is $109,587.
Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 190%
The average in-state tuition you can expect to pay is about $56,160, and the average GMAT score for acceptance in their program is is not reported by the school*.
After graduating, the school reports that the average graduate salary is $109,587. Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 190%
Programs are offered as: Full Time.
The school is ranked by: Lake Forest Graduate's MBA program is accredited by the AACSB and is ranked by the following publications: MBAGuide.org
1*If a school does not provide average graduate salary information or graduate ROI data on their web site, MBAGuide estimates these figures using a variety of state and regional sources including the CollegeNavigator, the U.S. Bureau of Labor Statistics and state or regional equivalents. If you find mistakes in our database, please contact us.
Data sources: IPEDS, National Center of Educational Statistics, U.S. Department of Education, Institute of Education Sciences (ERIC), Association to Advance Collegiate Schools of Business (AACSB), 520 MBA Schools, U.S. Bureau of Labor Statistics (BLS). If you notice errors in the MBA program database, please contact us.