2022 Best MBA Programs in Michigan

Research the best MBA programs in Michigan by concentrations offered, how the MBA programs are offered (full-time, part-time, online, weekend and evenings), rankings by publication, cost of tuition, number of alumni, GMAT requirements and more.

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.

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. You will find 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.

Michigan has 24 Accredited MBA programs. There are 2 private and 13 public schools offering MBA programs.

Research additional school detail on the school summary pages, in the tables and charts below and throughout the site.

MBA Program Comparisons: Michigan vs Online vs U.S.

Rankings 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

Publications and the number of awards granted for Michigan schools:

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

Salaries for MBA Graduates 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.

In-Person

• 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

Online

• 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

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.

In-Person

• 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

Online

• 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

GMAT Scores Needed for MBA Programs 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.

In-Person

• 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

Online

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

Student Enrollment for Michigan MBA Programs

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.

In Person

• 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 876 the nation's campus MBA Programs.

Online

• Lowest: 25 from Saginaw Valley State University
• Highest: 870 from Central Michigan University
• Average: 231 from Michigan's 9 MBA Programs.
• Average: 199 from 324 nation's online MBA Programs.

Percent of Global MBA Student Population

The MBA programs in the United States are coveted around the world and attract a healthy percentage of global students each year. A culturally diverse student population is especially important in an ever-changing global economy. With increasing globalization, a well diversified student body from outside the United States can provide much needed global world-view as well as valuable networking opportunities.

In Michigan the percentage of students from the United States varies from a low of 70% to a high of 71%.

For online programs in  Michigan the percentage of students from the United States varies from a low of 71% to a high of 71%.

In Person

• Lowest: 70% from The University of Michigan
• Highest: 71% from Michigan State University
• Average: 71% from Michigan's 15 in-person MBA Programs.
• Average: 75% from 590 nation's in-person MBA Programs.

Online

• Lowest: 71% from Michigan State University
• Highest: 71% from Michigan State University
• Average: 71% from Michigan's 9 online MBA Programs.
• Average: 76% from 324 nation's online MBA Programs.

MBA Concentrations Available from MBA Programs 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:

• Finance: 17
• Marketing: 17
• Accounting: 16
• Management: 14
• General Business: 14
• Supply Chain: 13
• Information Systems: 13
• International Business: 13
• Economics: 13
• Entrepreneurship: 12

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

• The University of Michigan: 24
• Michigan State University: 22
• Eastern Michigan University: 21
• Wayne State University: 20
• The University of Michigan-Flint: 19
• Oakland University: 17
• Central Michigan University: 15
• Michigan Technological University: 15
• The University of Michigan-Dearborn: 13
• Grand Valley State University: 12

 Student / Faculty Ratio for MBA Programs in Michigan

Quality MBA programs invest in the number of professors relative to the students attending the program. Commonly known as the Student Faculty ratio. Generally, the lower the ratio, the better it is for students. MBA students will get the personalized one-on-one attention from faculty mentors that have extensive experience in the industry. The Student/Faculty metric is a matter of personal preference and for those students who excel in lecture hall environments, you may not need the low student/faculty ratio.

In Michigan the student faculty ratio for MBA programs ranges from the lowest (best) of 1:5 the highest (less desirable) of 237:100. For online MBA programs thee student faculty ratio for MBA programs ranges from the lowest (best) of 23:50 the highest (less desirable) of 237:100.

In Person

• Lowest: 1:5 from The University of Michigan
• Highest: 237:100 from Wayne State University
• Average: 127:100 from Michigan's 15 MBA Programs.
• Average: 129:50 from 590 the nation's campus MBA Programs.

Online

• Lowest: 23:50 from The University of Michigan-Flint
• Highest: 237:100 from Wayne State University
• Average: 36:25 from Michigan's 9 MBA Programs.
• Average: 249:100 from 324 nation's online MBA Programs.

Full-Time Faculty

Highly competitive MBA schools recruit part-time and full-time professors that are both academics and industry influencers. They are the subject matter experts in their respective field. Most business professors have experienced success in the corporate world and have written extensively in their chosen field. The number of highly-qualified full-time faculty is directly related to the reputation of most elite MBA programs.

The number of full-time faculty for MBA programs in Michigan ranges from a low of 11 professors to a high or 132.

• Lowest: 11 from Lawrence Technological University
• Highest: 132 from The University of Michigan
• Average: 60 from Michigan's 24 MBA Programs
• Average: 65 from 324 Online MBA Programs

Percent of Faculty with a PhD

Another high-level perspective to consider when determining the quality of an MBA faculty is to note the number of faculty who have earned a PhD in their respective area of excellence. Note to writer - create a fuller amount of content for this section.

In Michigan MBA programs range from 70.60% of the faculty having a PhD to a 94.30% of the MBA faculty having a PhD.

• Lowest: 71% from Central Michigan University
• Highest: 94% from Eastern Michigan University
• Average: 84% from Michigan's 24 MBA Programs
• Average: 83% from 324 Online MBA Programs

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 in Michigan with Accredited MBA Programs

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. The following is a list of cities in Michigan with accredited MBA programs: Ann Arbor, Dearborn, Detroit, East Lansing, Flint, Grand Rapids, Houghton, Kalamazoo, Marquette, Mount Pleasant, Rochester, University Center and Ypsilanti.

Table of Best Ranked MBA Programs in Michigan