Business Administration Degree

The business administration program at Lake Forest Graduate School of Management prepares students for careers in education, government, private business and retail. The program focuses on planning, organizing, directing, and controlling the functions and processes of a firm or organization. Program courses include: management theory, humor resources management and behavior, accounting and other quantitative methods, purchasing and logistics, organization and production, marketing, and business decision-making. Get more details below including other Illinois colleges that offer business administration degrees.

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Lake Forest Graduate School of Management

555 N Sheridan Road, Lake Forest, IL

About
Lake Forest Graduate School of Management, located in Lake Forest, Illinois, was founded in 1946 to alleviate the lack of business professionals in the mid-west. The school was joined by several large companies to develop a program that trained individuals in management. Over the years the school has added programs and refined its offerings, and today is one of the largest business management schools in the midwestern United States. LFGSM operates three campuses in Illinois, located in Lake Forest, Schaumburg and Chicago.

Academics
Lake Forest Graduate School of Management solely offers Master's of Business Administration degrees. Programs are separated by how they are taught, with one providing immersion in simulated scenarios to develop business skills, another through sponsorship from a business, and the final offering a more traditional education in business management. Programs are constantly updated by incorporating new ideas and methodologies into the curriculum, ensuring they remain relevant and current.

Admissions and Financial Aid
Students interested in enrollment at Lake Forest Graduate School of Management must have a bachelor's degree, four years of work experience, and for some programs must be currently employed. Individuals who meet the requirements for admission must submit an application, which will be reviewed and a final decision rendered after an interview with the candidate.

Financial aid is available in the form of direct loans administered by the school. Students in need of financial assistance should work with the school's financial aid department to determine one's needs and to develop a plan for payment. Financial aid loans must be repaid after completing the program through a payment plan agreed to upon accepting the loan.

Students Enrolled in the Business Administration Program

Get more details below regarding enrollment, academics, and school demographics. Lake Forest Graduate School of Management offers a master's degree program in business administration.

Students by Gender (2019)

Students by Race (2019)

Source: IPEDS Survey 2012-2020: Data obtained from the US Dept. of Education's Integrated Postsecondary Education Data System (IPEDS). Data may vary depending on school and academic year.

Career Options for Graduates

Chief Executives

Description

Determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

Career Outlook & Projections ()

According to the BLS, chief executives employment is expected to shrink at a rate of -1.2% from 2014 to 2024

Salary & Wages

• Chicago-Naperville-Arlington Heights, IL Metropolitan Division
  • Total Employment: 13
  • Average Hourly Rate: $90.63
  • Average Annual Salary: $188500
• Gary, IN Metropolitan Division
  • Total Employment: 400
  • Average Hourly Rate: $65.81
  • Average Annual Salary: $136870
• Lake County-Kenosha County, IL-WI Metropolitan Division
  • Total Employment: 1
  • Average Hourly Rate: $92.23
  • Average Annual Salary: $191850

General and Operations Managers

Description

Plan, direct, or coordinate the operations of public or private sector organizations. Duties and responsibilities include formulating policies, managing daily operations, and planning the use of materials and human resources, but are too diverse and general in nature to be classified in any one functional area of management or administration, such as personnel, purchasing, or administrative services.

Career Outlook & Projections ()

According to the BLS, general and operations managers employment is expected to grow at a rate of 7.1% from 2014 to 2024

Salary & Wages

• Chicago-Naperville-Arlington Heights, IL Metropolitan Division
  • Total Employment: 68
  • Average Hourly Rate: $58.83
  • Average Annual Salary: $122360
• Gary, IN Metropolitan Division
  • Total Employment: 3
  • Average Hourly Rate: $48.30
  • Average Annual Salary: $100460
• Lake County-Kenosha County, IL-WI Metropolitan Division
  • Total Employment: 7
  • Average Hourly Rate: $62.28
  • Average Annual Salary: $129540

Sales Managers

Description

Plan, direct, or coordinate the actual distribution or movement of a product or service to the customer. Coordinate sales distribution by establishing sales territories, quotas, and goals and establish training programs for sales representatives. Analyze sales statistics gathered by staff to determine sales potential and inventory requirements and monitor the preferences of customers.

Career Outlook & Projections ()

According to the BLS, sales managers employment is expected to grow at a rate of 5.1% from 2014 to 2024

Salary & Wages

• Chicago-Naperville-Arlington Heights, IL Metropolitan Division
  • Total Employment: 16
  • Average Hourly Rate: $61.54
  • Average Annual Salary: $128010
• Gary, IN Metropolitan Division
  • Total Employment: 450
  • Average Hourly Rate: $56.04
  • Average Annual Salary: $116550
• Lake County-Kenosha County, IL-WI Metropolitan Division
  • Total Employment: 2
  • Average Hourly Rate: $62.81
  • Average Annual Salary: $130640

Administrative Services Managers

Description

Plan, direct, or coordinate one or more administrative services of an organization, such as records and information management, mail distribution, facilities planning and maintenance, custodial operations, and other office support services.

Career Outlook & Projections ()

According to the BLS, administrative services managers employment is expected to grow at a rate of 8.2% from 2014 to 2024

Salary & Wages

• Chicago-Naperville-Arlington Heights, IL Metropolitan Division
  • Total Employment: 10
  • Average Hourly Rate: $38.93
  • Average Annual Salary: $80980
• Gary, IN Metropolitan Division
  • Total Employment: 250
  • Average Hourly Rate: $32.58
  • Average Annual Salary: $67760
• Lake County-Kenosha County, IL-WI Metropolitan Division
  • Average Hourly Rate: $35.97
  • Average Annual Salary: $74830

Source: Job descriptions, estimated salary and wages, and projected job growth are taken from the Bureau of Labor Statistics (BLS).