2023 Best MBA Programs in Michigan

Compare MBA Degrees in Michigan for 2023

Key Highlights:

• • Comprehensive comparisons and data about tuition fees, average starting salaries, GMAT scores, and enrollment statistics for MBA programs in Michigan.

• • Detailed profiles of both online and on-campus MBA programs in Michigan, their strengths, unique specializations, faculty expertise, and alumni networks are included to help align your study choice with your career ambitions.

• • Insights into Michigan's diverse economic sectors, demonstrating how an MBA degree serves as a potent tool in these industries.

Michigan is well-known for its automobile manufacturing, and it's the home of the "Big Three" – General Motors, Ford, and Chrysler. For MBA students, a specialization in Operations Management or Supply Chain Management can provide an edge in this industry.

Also, healthcare is a significant sector, with numerous hospitals and research centers. MBA students could consider specializing in Healthcare Management.

Furthermore, Michigan has a growing technology sector, with many startups and established tech companies located in Detroit and Ann Arbor. An MBA with a focus on Information Technology Management would be valuable in this field.

Finally, the state has a robust education sector with several top-tier universities. MBA students interested in administration or leadership roles in education might benefit from an MBA in Management or Human Resources.

Compare MBA Program Averages Across

Michigan, the U.S. and Online

Table of Best Ranked MBA Programs in Michigan

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 $86,539, the lowest average MBA starting salary is $56,500 from Saginaw Valley State University, and the highest average MBA starting salary is $123,000 from The University of Michigan.

The average starting salary for graduates of an Online MBA program from an institution in Michigan is between $56,500 from Saginaw Valley State University and $105,963 from Michigan State University. The average starting MBA salary for graduates of online MBA programs within Michigan is $81,294.

Average Graduate Salaries for In-Person MBA Programs

• Average: $86,539 from Michigan's 15 In-Person MBA Programs
• Lowest In-Person: $56,500 from Saginaw Valley State University
• Highest In-Person:$123,000 from The University of Michigan

Average Graduate Salaries for Online MBA Programs

• Average: $81,294 from Michigan's 9 Online MBA Programs
• Lowest Online: $56,500 from Saginaw Valley State University
• Highest Online: $105,963 from Michigan State University

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 $42,740, the least expensive MBA program is $23,832 from Central Michigan University, and the most expensive is $132,953 from The University of Michigan.

An Online MBA program from an institution in Michigan will cost you between $23,832 from Central Michigan University and $66,239 from Michigan State University. The average cost of online MBA programs within Michigan is $34,719.

Average Tuition for In-Person MBA Programs

• Average: $42,740 from Michigan's 15 in-person MBA Programs
• Lowest in-person: $23,832 from Central Michigan University
• Highest in-person: $132,953 from The University of Michigan

Average Tuition for Online MBA Programs

• Average: $34,719 from Michigan's 9 online MBA Programs
• Lowest online: $23,832 from Central Michigan University
• Highest online: $66,239 from Michigan State University

What is the 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 119%, the lowest ROI is 46% from The University of Michigan, and the best ROI is 173% from The University of Michigan-Flint.

The ROI from Online MBA programs in Michigan range between 74% from The University of Michigan-Dearborn and 173% from The University of Michigan-Flint. The average ROI of online MBA programs within Michigan is 129%.

In-Person ROI for MBA Programs

• Average: 119% from Michigan's 15 in-person MBA Programs
• Lowest in-person: 46% from The University of Michigan
• Highest in-person: 173% from The University of Michigan-Flint

Online ROI for MBA Programs

• Average: 129% from Michigan's 9 online MBA Programs
• Lowest online: 74% from The University of Michigan-Dearborn
• Highest online: 173% from The University of Michigan-Flint

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 543, the lowest average GMAT score is for an MBA program is 450 from Lawrence Technological University, and the highest GMAT score needed is 668 from Michigan State University.

The average GMAT score needed for an online MBA program from an institution in Michigan is between 450 from Eastern Michigan University to 668 from Michigan State University. The average GMAT scored for online MBA programs within Michigan is 538.

Average GMAT Score for In-Person MBA Programs

• Average: 543 from Michigan's 15 in-person MBA Programs
• Lowest in-person: 450 from Lawrence Technological University
• Highest in-person: 668 from Michigan State University

Average GMAT Score for Online MBA Programs

• Average: 538 from Michigan's 9 online MBA Programs
• Lowest online: 450 from Eastern Michigan University
• Highest online: 668 from Michigan State University

Which MBA Schools Have the Highest Student Enrollment in 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 2 and 1,182. For part-time enrollment, the range is between 37 and 1,048.

Average Enrollment for Score for In-Person MBA Programs

• Lowest: 2 from Lawrence Technological University
• Highest: 1,182 from The University of Michigan
• Average: 253 from Michigan's 24 MBA Programs.
• Average: 243 from 879 the nation's campus MBA Programs.

Average Enrollment for Score for Online MBA Programs

• Lowest: 25 from Saginaw Valley State University
• Highest: 870 from Central Michigan University
• Average: 231 from Michigan's 9 MBA Programs.
• Average: 201 from 327 nation's online MBA Programs.

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 48 MBA concentrations including:

• Finance: 20
• Marketing: 19
• Management: 17
• Accounting: 16
• Entrepreneurship: 14
• Information Systems: 14
• International Business: 13
• Supply Chain: 13
• General Business: 12
• Leadership: 11

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

• The University of Michigan-Dearborn: 31
• Central Michigan University: 24
• Lawrence Technological University: 23
• Western Michigan University: 21
• Oakland University: 21
• Northern Michigan University: 21
• Michigan Technological University: 21
• Wayne State University: 18
• Saginaw Valley State University: 17
• Eastern Michigan University: 16

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. 2 private and 13 public schools offering MBA programs.

Michigan has 13 public schools and 2 private schools offering MBA degree programs.

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

Michigan schools offer 9 different paths to earn your MBA in Michigan including Online, Campus, Full-Time, 1-Year, Distance Education, Evenings and Weekends, Off Campus, Part-Time and Partnership.

To meet the diverse needs of Michigan businesses, MBA programs here have risen to the challenge by offering you an array of more than 48 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