2024 Best MBA Programs in Michigan

Compare MBA Program Averages Across
Michigan, the U.S. and Online

Averages	Michigan MBA Programs	Online MBA Programs	MBA Programs in the US
Average MBA Tuition	$45,734	$38,875	: $43,475.55
Average GMAT Scores	: 550.38	557	561
Average Full-Time MBA Faculty	66	69	69
Average MBA Student Faculty Ratio	16:1	: 17:1	16:1
Average # of MBA Faculty with Doctorate	83.73%	83.45%	83.95%
Average Full-Time MBA Enrollment	290	279	288
Average Part-Time MBA Enrollment	355	404	354
Average % of MBA Students from U.S.	71%	76%	75%

What Are the Best Ranked MBA Programs in Michigan

Read about our ranking methodology.

What is the Average Graduate MBA Salary in Michigan?

While the average starting salary for graduates of an in-person MBA program in Michigan is about $89,920, the lowest average MBA starting salary is $49,500 from Northern Michigan University, and the highest average MBA starting salary is $153,465 from The University of Michigan.

The average starting salary for graduates of an Online MBA program from an institution in Michigan is between $49,500 from Northern Michigan University and $153,465 from The University of Michigan. The average starting MBA salary for graduates of online MBA programs within Michigan is $89,920.

Average Graduate Salaries for In-Person MBA Programs

• Average: $89,920 from Michigan’s 15 In-Person MBA Programs
• Lowest In-Person: $49,500 from Northern Michigan University
• Highest In-Person:$153,465 from The University of Michigan

Average Graduate Salaries for Online MBA Programs

• Average: $89,920 from Michigan’s 9 Online MBA Programs
• Lowest Online: $49,500 from Northern Michigan University
• Highest Online: $153,465 from The University of Michigan

10 Highest Salaries for MBA Graduates in Michigan

1. The University of Michigan - $153,465.00
2. Michigan State University - $119,539.00
3. Saginaw Valley State University - $102,450.00
4. Western Michigan University - $95,000.00
5. Central Michigan University - $94,350.00
6. The University of Michigan-Dearborn - $93,200.00
7. Eastern Michigan University - $92,100.00
8. Oakland University - $86,300.00
9. Michigan Technological University - $85,950.00
10. Lawrence Technological University - $82,499.00

10 Lowest Salaries for MBA Graduates in Michigan

1. Northern Michigan University - $49,500.00
2. The University of Michigan-Flint - $71,400.00
3. University of Detroit Mercy - $72,900.00
4. Wayne State University - $73,946.00
5. Grand Valley State University - $76,200.00
6. Lawrence Technological University - $82,499.00
7. Michigan Technological University - $85,950.00
8. Oakland University - $86,300.00
9. Eastern Michigan University - $92,100.00
10. The University of Michigan-Dearborn - $93,200.00

What is the Average Tuition for MBA Programs in Michigan?

If you plan on attending an MBA program, it’s best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An online MBA program can provide the flexibility of completing a program while being employed in your respective career.

While the average in-person MBA program in Michigan will cost about $45,734, the least expensive MBA program is $21,649 from Saginaw Valley State University, and the most expensive is $137,056 from The University of Michigan.

An Online MBA program from an institution in Michigan will cost you between $21,649 from Saginaw Valley State University and $137,056 from The University of Michigan. The average cost of online MBA programs within Michigan is $45,734.

Average Tuition for In-Person MBA Programs

Average: $45,734 from Michigan’s 15 in-person MBA Programs
Lowest in-person: $21,649 from Saginaw Valley State University
Highest in-person: $137,056 from The University of Michigan

Average Tuition for Online MBA Programs

Average: $45,734 from Michigan’s 9 online MBA Programs
Lowest online: $21,649 from Saginaw Valley State University
Highest online: $137,056 from The University of Michigan

Most Affordable MBAs in Michigan

1. Saginaw Valley State University - $21,649.00
2. Central Michigan University - $27,300.00
3. Wayne State University - $27,472.00
4. University of Detroit Mercy - $28,050.00
5. Northern Michigan University - $28,866.00
6. Western Michigan University - $29,377.00
7. Oakland University - $30,024.00
8. Grand Valley State University - $30,024.00
9. Michigan State University - $34,564.00
10. Eastern Michigan University - $34,616.00

Most Expensive MBAs in Michigan

1. The University of Michigan - $137,056.00
2. Lawrence Technological University - $83,400.00
3. The University of Michigan-Flint - $73,328.00
4. The University of Michigan-Dearborn - $50,997.00
5. Michigan Technological University - $49,294.00
6. Eastern Michigan University - $34,616.00
7. Michigan State University - $34,564.00
8. Grand Valley State University - $30,024.00
9. Oakland University - $30,024.00
10. Western Michigan University - $29,377.00

What is the Average ROI for MBA Programs in Michigan?

Choosing an MBA program requires more than a glance at the school’s reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.

By scrutinizing the ROI, you’re not just making a decision—you’re making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.

While the average in-person MBA program ROI from Michigan is 122%, the lowest ROI is 49% from The University of Michigan-Flint, and the best ROI is 237% from Saginaw Valley State University.

The ROI from Online MBA programs in Michigan range between 49% from The University of Michigan-Flint and 237% from Saginaw Valley State University. The average ROI of online MBA programs within Michigan is 139%.

In-Person ROI for MBA Programs

• Average: 122% from Michigan’s 15 in-person MBA Programs
• Lowest in-person: 49% from The University of Michigan-Flint
• Highest in-person: 237% from Saginaw Valley State University

Online ROI for MBA Programs

• Average: 139% from Michigan’s 9 online MBA Programs
• Lowest online: 49% from The University of Michigan-Flint
• Highest online: 237% from Saginaw Valley State University

Highest ROI for MBA Programs in Michigan

1. Saginaw Valley State University - 236.62%
2. Michigan State University - 172.92%
3. Central Michigan University - 172.80%
4. Western Michigan University - 161.69%
5. Oakland University - 143.72%
6. Wayne State University - 134.58%
7. Eastern Michigan University - 133.03%
8. University of Detroit Mercy - 129.95%
9. Grand Valley State University - 126.90%
10. The University of Michigan-Dearborn - 91.38%

Lowest ROI for MBA Programs in Michigan

1. The University of Michigan-Flint - 48.69%
2. Lawrence Technological University - 49.46%
3. The University of Michigan - 55.99%
4. Northern Michigan University - 85.74%
5. Michigan Technological University - 87.18%
6. The University of Michigan-Dearborn - 91.38%
7. Grand Valley State University - 126.90%
8. University of Detroit Mercy - 129.95%
9. Eastern Michigan University - 133.03%
10. Wayne State University - 134.58%

What is the Average GMAT Score Needed for an MBA Program in Michigan?

The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.

While the average GMAT score needed for in-person MBA program in Michigan is 550, the lowest average GMAT score is for an MBA program is 450 from Lawrence Technological University, and the highest GMAT score needed is 720 from The University of Michigan.

The average GMAT score needed for an online MBA program from an institution in Michigan is between 450 from Lawrence Technological University to 720 from The University of Michigan. The average GMAT scored for online MBA programs within Michigan is 550.

Average GMAT Score for In-Person MBA Programs

• Average: 550 from Michigan’s 15 in-person MBA Programs
• Lowest in-person: 450 from Lawrence Technological University
• Highest in-person: 720 from The University of Michigan

Average GMAT Score for Online MBA Programs

• Average: 550 from Michigan’s 9 online MBA Programs
• Lowest online: 450 from Lawrence Technological University
• Highest online: 720 from The University of Michigan

10 Lowest GMAT Scores in Michigan

1. Lawrence Technological University - 450
2. The University of Michigan-Flint - 455
3. Western Michigan University - 494
4. Wayne State University - 513
5. Northern Michigan University - 520
6. Eastern Michigan University - 526
7. Grand Valley State University - 533
8. Oakland University - 543
9. Michigan Technological University - 556
10. University of Detroit Mercy - 565

10 Highest GMAT Scores in Michigan

1. The University of Michigan - 720
2. Michigan State University - 680
3. The University of Michigan-Dearborn - 600
4. University of Detroit Mercy - 565
5. Michigan Technological University - 556
6. Oakland University - 543
7. Grand Valley State University - 533
8. Eastern Michigan University - 526
9. Northern Michigan University - 520
10. Wayne State University - 513

No GMAT or GRE – Best MBA Programs in Michigan

MBA Schools with the Most Alumni Michigan?

The importance of networking, whether it’s by way of campus job fairs, student organization members, or faculty mentorship, should not be understated. The average MBA enrollment size has a direct impact on your studies, your job prospects, and your ability to define your career goals.

Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.

For Michigan state’s MBA programs, the range for full-time enrollment is between 24 and 1,280. For part-time enrollment, the range is between : 23.00 and : 734.00.

Average Enrollment for In-Person MBA Programs

• Lowest: 24 from Saginaw Valley State University
• Highest: 1,280 from The University of Michigan
• Average: 290 from Michigan’s 24 MBA Programs.
• Average: 291 from 875 the nation’s campus MBA Programs.

Average Enrollment for Online MBA Programs

• Lowest: 24 from Saginaw Valley State University
• Highest: 726 from Michigan State University
• Average: 238 from Michigan’s 9 MBA Programs.
• Average: 279 from 327 nation’s online MBA Programs.

Schools with the Lowest Student Enrollment in Michigan

1. The University of Michigan - 1,280
2. Michigan State University - 726
3. Central Michigan University - 696
4. Wayne State University - 168
5. Oakland University - 150
6. Eastern Michigan University - 111
7. The University of Michigan-Dearborn - 92
8. Michigan Technological University - 76
9. Western Michigan University - 73
10. The University of Michigan-Flint - 45

MBA Programs with the Highest Student Enrollment in Michigan

1. Saginaw Valley State University - 24
2. University of Detroit Mercy - 41
3. The University of Michigan-Flint - 45
4. Western Michigan University - 73
5. Michigan Technological University - 76
6. The University of Michigan-Dearborn - 92
7. Eastern Michigan University - 111
8. Oakland University - 150
9. Wayne State University - 168
10. Central Michigan University - 696

What MBA Concentrations Available in Michigan?

Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Michigan businesses, MBA programs here have risen to the challenge by offering you an array of more than 43 MBA concentrations including:

• Marketing: 20
• Finance: 20
• Accounting: 17
• Management: 17
• International Business: 16
• General Business: 15
• Information Systems: 14
• Economics: 13
• Entrepreneurship: 13
• Supply Chain: 11

Here are the top schools offering the widest variety of concentrations to choose from:

• The University of Michigan: 24
• Eastern Michigan University: 20
• Western Michigan University: 19
• University of Detroit Mercy: 18
• Michigan State University: 17
• Saginaw Valley State University: 16
• The University of Michigan-Dearborn: 16
• Oakland University: 16
• Northern Michigan University: 15
• Central Michigan University: 15

The Importance of MBA Accreditation

The importance of accreditation can’t be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.

AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.

Cities Offering MBA Programs in Michigan

Looking for a particular city in Michigan with an accredited MBA program? Research and compare MBA programs from other cities in Michigan. Find online programs, programs by concentration, by average GMAT score and more.

• Ann Arbor
• Dearborn
• Detroit
• East Lansing
• Flint
• Grand Rapids
• Houghton
• Kalamazoo
• Marquette
• Mount Pleasant
• Rochester
• University Center
• Ypsilanti

.

MBA Program Options Available in Michigan

Options for earning your MBA in Michigan have never been more flexible. Michigan MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.

Michigan has 24 Accredited MBA programs. 0 private and 13 public schools offering MBA programs.

Michigan has 13 public schools and 0 private schools offering MBA degree programs.

24 Accredited MBA programs.  and 13 public schools offering MBA programs.

Michigan schools offer 10 different paths to earn your MBA in Michigan including Campus, Full-Time, Online, Part-Time, Evenings, Weekends, Partnership, 1-Year, Off Campus and Distance Education.

To meet the diverse needs of Michigan businesses, MBA programs here have risen to the challenge by offering you an array of more than 43 MBA concentrations to specialize in.

Awards for MBA Programs in Michigan

The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.

Of the 24 accredited MBA programs offered in Michigan, 14 of them have been recognized by at least one distinguished publication (MBAGuide, PQ, US News, Forbes, BW, FT and Economist) garnering an award as one of the best MBA programs in the country.

Michigan schools have earned a total of 26 Best MBA awards from publications. Here are the top MBA schools and the number of awards the each program has garnered:

• The University of Michigan: 7
• Michigan State University: 7
• Wayne State University: 1
• Northern Michigan University: 1
• The University of Michigan-Flint: 1
• Grand Valley State University: 1
• University of Detroit Mercy: 1
• Central Michigan University: 1
• Saginaw Valley State University: 1
• Western Michigan University: 1
• Eastern Michigan University: 1
• Michigan Technological University: 1
• Oakland University: 1
• The University of Michigan-Dearborn: 1

Publications and the number of awards granted for Michigan schools:

• MBAGuide: 14
• US News: 2
• Forbes: 2
• BW: 2
• FT: 2
• Economist: 2

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.

Find: MBA Programs in Michigan | Online MBA Programs in Michigan Rankings: MBA Program Rankings | Online MBA Program Rankings Guides: Guide to Earning an Online MBA | Guide to Earning an MBA Concentrations: Online MBA Concentrations | Campus MBA Concentrations