.I hope you don’t mind me jumping in here and throwing in my 2 cents.
- $90K extra is crazy!
- U of Mich IOE is much better than UIUC. UIUC has a solid program, but in the College of Engineering it does not get the same amount of attention...just look at the physical facilities.
- Getting into a good MBA program will NOT be hampered by attending UIUC for engineering, BUT it will depend upon how you apply yourself. I would focus less on trying to second guess what they (and consulting firms for that matter) are looking for, and instead, focus on making yourself "the best you, with the best skills". (My husband majored in general engineering at UIUC and went straight into Ross for his MBA. But keep in mind things have changed concerning work experience.)
Good luck!