Poets&Quants Top Business Schools

University of Illinois at Urbana-Champaign College of Business


Contact our general manager with any questions. Profile updated: December 12, 2018.

Contact Information

515 E Gregory Dr.
Champaign, IL 61820
Admissions Office:

Tuition (In-State): $84,000*

Tuition (Out-of-State): $150,000*

Average Debt: $24,681

Internship Rate: 93.50%

Graduates With Jobs 90 Days After Graduation: 98.40%

Total Average Compensation (Including Bonus): $66,598

International: 10.9%

Minority: 12.8%

First generation college students: 13.7%

When do students declare their majors: Freshman Year

Acceptance Rate: 47.44%

Average SAT: 1365

Average ACT: 30

HS Class Top Ten: 73.37%**

*Tuition is the total cost of the degree over four years for the most recent graduating class. This does not include school fees, room, board, or living expenses.

** HS Class Top Ten is the percent of the student population that graduated high school in the top ten percent of their class.

*** Please note that these statics are provided for the business school major only whenever possible. If a school does not track these statistics separately, then the university-wide statistics are provided.

At the University of Illinois at Urbana-Champaign, Business 101 is a big deal. It’s a course on professional responsibility, and is the first class business students take. But it’s not your typical ethics course. Dean Jeff Brown of the College of Business says it’s meant to help students understand their own personal ethics.

Developed in collaboration with faculty, the Office of Undergraduate Affairs, and the Center for Professional Responsibility in Business and Society, Business 101: Professional Responsibility is divided into three modules: Personal Responsibilities, Professional Responsibilities, and Societal Responsibilities. And while the course focuses on corporate social responsibility and the broad role of business on a global scale, about one third of the time is spent thinking about the students’ own, personal values, and about how professional situations could compromise them.

At the same time, Business 101 is an introduction to the College of Business. Students begin creating formal resumes and participate in their first applied-learning activities. For example, students are introduced to subsistence marketplaces via lectures, virtual immersion exercises, and a poverty simulation.

The first hour of the class is led by a former dean and professors of the College of Business. In the second hour, freshmen break into smaller sections, and engage in discussions led by older business school students, usually in their junior and senior years.

“I had the opportunity and privilege to be a section leader in my junior and senior years,” says Michael Smigielski, an Illinois School of Business alum from the Class of 2014. “It was helpful, both taking it as a freshmen and teaching it, because it’s a theme that never leaves you. Whether you stay in business or move into another field of study, the pressures of work and life continue to grow.”

Smigielski says the lessons he learned in Business 101 have only become more relevant as he gets older. By using the tools and concepts he learned in class, he feels able to take a step back and reflect on how to be ethical and responsible to himself and to his society.

And while Business 101 is meant to provide an ethical framework which students can use as figure out what kind of work they want to do in their professional careers,  the rest of freshman year curriculum is also geared toward self-discovery.


Students begin taking Business Core classes in their freshmen year, which include a wide breadth of classes in economics, marketing, finance, accountancy and more. And for those who are eager to explore the different business focuses, Brown recommends taking advantage of the resources and opportunities the school offers.

For example, students are highly encouraged to get involved with student organizations or specialized programs at the schools, which Brown says are ways for them to familiarize themselves with various business opportunities. “There are over 30 business-focused student organizations, and we have a lot of specialized programs,” Brown says. “So if you’re interested in investment banking, or corporate finance, or managing an investment fund, we have a student program designed to help you build the necessary professional skills.”

And in the last few years, the number of opportunities like this been growing, particularly in action-based learning, which Brown says is a big focus of theirs. The College of Business has an action-learning office dedicated to helping students work with real clients, and Brown says within a year or two, they hope that every single graduating student will have experience working with real clients.

“I became dean a little over a year ago, and we have a lot of things going on,” Brown says. “We have a goal to — within a couple years — make sure every student walks out of here literate in data sciences. We have a partnership with Deloitte to create a center for business analytics. And we are undertaking a whole-scale review of our curriculum, which will really bring action-learning to every student. We hope to include it in the Business Core.”


One example of action-learning is a business school operated organization called Illinois Business Consulting. Student teams are hired through Illinois Business Consulting to work on projects for real clients — sometimes aspiring entrepreneurs who are looking for help putting together a business plan, and sometimes larger companies who want help with various things, like marketing campaigns. The student teams will provide private consulting, and Brown says the program is enormously successful with very high client satisfaction.

And according to alum Kerry Zepeda, Class of 2014, student teamwork on projects like this was a large part of what drew her to the College of Business. “I was so impressed with the caliber of the students when I visited,” she says. “I witnessed these students helping one another and working together on projects and various club initiatives. While the students were incredibly driven, I never sensed the “dog eat dog” attitude that was very evident at other business schools I had visited.”

And once she was part of the community, she says she learned that the resources and programs at the school are only part of what makes it so beneficial to students.

“Alumnae are very eager to give back, and as a result, the business career services center flourishes at the College,” she says. “On a trip to Asia this summer, I randomly ran into two individuals whom I had met from the College of Business program. Those aren’t isolated incidents either — that’s how incredible and extensive of a network we have.”


She says she continues to be surprised by how much of a community the business program is, and says that as a professional in the Chicago area, she runs into people from the College of Business every day, and knows that she has numerous resources and countless professionals who she can rely on.

Zepeda’s enthusiasm is reflected in some parts of P&Q’s alumni survey, and less so in others. Overall, participating alumni reported average scores for the College of Business. They placed in the top six for extracurricular opportunities, but in the bottom 10 for the effectiveness of academic advising.

However, job placement is high. The school reports that 72.4% of the Class of 2017 had an internship before graduating, and that 89.06% had a job within 90 days of graduating. Of those who sought employment, the average starting salary was $62,096 and top employers were Ernst & Young, PricewaterhouseCoopers, Deloitte, and KPMG.

What Alumni Say:

“I was part of a global immersion to China as part of the Hoeft Technology & Management Program – we were able to see how culture and business play a different role in society there and how the companies that sponsor the program differ in that area. I was also part of a capstone project for the program and got to consult for a sponsor, a useful skill to learn how to interact with a client, do research and present deliverables to management.” – Class of 2016 alum

“I was a member of the Business Honors program. As part of the program, I participated in a 10 day business immersion trip to Singapore and Malaysia following my freshman year. This was my first exposure to international business, and introduced me to Accenture, where I would go on to intern twice and accept a full time offer, for the first time. It also inspired me to pursue my dreams of studying abroad; I spent the spring semester of my junior year attending courses at a graduate business school in Paris (ESCP.)” – Class of 2016 alum

“Numerous investment banking case competitions held through the college of business were key to simulating the real world experience of investment banking and teaching the grit, maturity, and technical skills needed to succeed in the job. The Investment Banking Academy fully prepares students for a career in banking and is something I speak about proudly to graduates from other business schools across the country because I am confident in IBA to continue selecting and minting high quality students for banking, hedge funds, private equity.” – Class of 2016 alum

Where The Class of 2018 Went To Work:

Deloitte – 34

KPMG – 22

Ernst & Young – 19

PricewaterhouseCoopers (PwC) – 16

Allstate – 10

Grant Thornton – 8

Wells Fargo – 7

JP Morgan Chase – 7

Protiviti – 6

Alight Solutions – 6