Wayne State University Mike Ilitch School of Business
Master's and MBA Programs in Business
Tuition, ROI, Graduate Salary, GMAT Requirements
$27,472
Average Tuition
$73,946
Average Starting Salary*
513
Average GMAT Scores
3,576
Average Student Enrollment
Wayne State University
Mike Ilitch School of Business
- 2771 Woodward Ave, Detroit, MI - 48201
Business School
Institution Control: Public- AACSB Accreditation: Business
- Academic Year: Semester
- Full-Time Faculty: 56
Business Programs
Business Degrees & Concentrations: Accounting, Corporate Finance, Data Analytics, Entrepreneurship, Finance, General Business, Global Management, Human Resources, Information Systems, International Business, Management, Marketing, Sports Management and Supply Chain- Offered As: 1-Year, Campus, Evenings, Full-Time, Off Campus, Online, Part-Time and Weekends
Undergraduate School of Business
Undergrad Degrees Conferred: 469- In-State Tuition: $17,015
MBA Program Ranking(s)
Ranked by: MBAGuideMBA Tuition & Fees
In-State Tuition: $27,472Enrollment
Full-time, All: 3,576Average GMAT Score
Average GMAT MBA: 513Student / Faculty Ratio
Institution: 26:1Average Starting Salary
Graduate Salary*: $73,946Award Levels
Award Levels Offered: Doctoral, Master, MBA and UndergraduateSocial Links
Facebook, Linkedin and TwitterGMAT Requirements
GMAT Required* (yes, no, optional, recommended): ConditionalMBAGuide Rankings
Program Rankings:
Compare Wayne State University's Tuition, Salary, ROI, Student / Faculty Ratio, Enrollment (Alumni) and GMAT Requirements
Compare how the MBA program at Wayne State University measures up against Michigan, national, and online averages across key metrics of Tuition, Graduate Salary, Graduate ROI, Student / Faculty Ratios, Enrollment (Alumni) and GMAT Requirements to help you evaluate your educational investment.
| Averages | Wayne State University | Online | Michigan |
|---|---|---|---|
| Tuition | $27,472 | $37,167 | $45,280 |
| Salary | $73,946 | $79,354 | $90,253 |
| ROI | 169% | 196% | 149% |
| S/F Ratio | 25:1 | 17:1 | 16:1 |
| Enrollment | 3576 | 2,654 | 2,180 |
| GMAT | GMAT Required: Yes
Average GMAT Score: 513 |
561 | 556 |
Compare Average MBA Tuition
In Michigan the most affordable MBA program is $21,649 and the most expensive is $137,056. The average tuition cost in the state is $45,280. Currently, the average in-state MBA tuition for Wayne State University is $27,472.
| Comparison Group | MBA Tuition Averages |
|---|---|
| Wayne State University | $27,472 |
| Michigan Average | $45,280 |
| Online Average | $37,167 |
| National Average | $42,528 |
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- Wayne State University average in-state tuition is $27,472
- The average Michigan in-state MBA tuition is $45,280
- The average online MBA tuition in the United States is $37,167
- The national average in-state tuition in the United States is $42,528
The most affordable Online MBA program in Michigan is $21,649 while the most expensive online program is $137,056. The average online tuition for Michigan programs is $46,145. Research the most affordable AACSB online MBA programs across the nation.
- Wayne State University's average in-state tuition is $27,472
- Michigan average in-state tuition is $46,145
- National for average in-state tuition in the United States is $37,167
- Online average for in-state tuition is $37,167
- Find the most affordable online MBA schools.
Compare Average Graduate MBA Salaries
The highest average graduate salary1 for an MBA program in Michigan is $153,465 and the lowest is $54,500. The average graduate MBA salary in the state is $90,253. Currently, the average MBA graduate salary for Wayne State University is estimated to be $73,946.
| Comparison Group | Graduate MBA Salary Averages |
|---|---|
| Wayne State University | $73,946 |
| Michigan Average | $90,253 |
| Online Average | $79,354 |
| National Average | $82,899 |
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- National average for MBA graduate salary is $82,899
- Online average for graduate MBA salary is $79,354
For online MBA programs in Michigan, the highest average graduate salary1 is $153,465 and the lowest is $54,500. The average graduate MBA salary in the state is $91,665. Currently, the average MBA graduate salary for Wayne State University is estimated to be $73,946.
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- Michigan average for online MBA starting salary is $91,665
- National average for online MBA starting salary is $79,354
Find the online MBA programs with highest and lowest average online MBA starting salaries.
Compare Average ROI for Graduate MBA Students
The highest average graduate ROI1 for MBA students in Michigan is 373% and the lowest is -3%. The average graduate MBA ROI in the state is 149%. Currently, the average MBA graduate ROI for Wayne State University is estimated to be 169%.
| Comparison Group | Graduate MBA ROI Averages |
|---|---|
| Wayne State University | 169% |
| Michigan Average | 149% |
| Online Average | 196% |
| National Average | 186% |
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- National average for MBA graduate ROI is 186%
- Online average for graduate MBA ROI is 196%
For online MBA programs in Michigan, the highest average graduate ROI1 is 373% and the lowest is -3%. The average graduate MBA ROI in the state is 154%. Currently, the average MBA graduate ROI for Wayne State University is estimated to be 169%.
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- Michigan average for online MBA starting ROI is 154%
- National average for online MBA starting ROI is 196%
Find the schools with the highest and lowest ROI for graduating MBA students.
Compare Business School Student / Faculty Ratios
The average student to faulty ratio for business schools in Michigan ranges between a low of 8:1 to a high of 25:1 with an average Student Faculty Ratio of 16:1. Currently, Wayne State University has an average student-to-faculty ratio for its MBA program of 25:1.
| Comparison Group | Average Student to Faculty Ratios |
|---|---|
| Wayne State University | 25:1 |
| Michigan Average | 16:1 |
| Online Average | 17:1 |
| National Average | 16:1 |
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- Wayne State University Average Student Faculty Ratio: 25:1
- Michigan Student Faculty Ratio: 16:1
- Average U.S. Student Faculty Ratio: 16:1
- Average Online Student Faculty Ratio: 17:1
For online MBA programs, the student-to-faculty ratios range between a low of 2:1 to a high of 63:1 with an average of 17:1.
Research the best and worst student-to-faculty ratios.
Compare Average Business School Enrollment (Alumni)
In Michigan, the average business school enrollment ranges between a low of 279 to a high of 5,115 with an average of 2,180. Currently, Wayne State University average school enrollment is 3576.
| Comparison Group | Average Business School Enrollment / Alumni |
|---|---|
| Wayne State University | 3576 |
| Michigan Average | 2,180 |
| Online Average | 2,654 |
| National Average | 2,533 |
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- Wayne State University Average School Enrollment: 3576
- Michigan's Average School Enrollment: 2,180
- National Average for School Enrollment: 2,533
- Online Average for School Enrollment: 2,654
For online business schools, enrollments range from a low of 152 to a high of 21,000 with an average of 2,654.
Research, find and compare online business schools enrollments.
Compare Average GMAT Scores
The average GMAT score for an MBA program in Michigan ranges between a low of 450 to a high of 720 with an average of 556. At the present time, Wayne State University average GMAT score for its MBA program is 513.
| Comparison Group | Average GMAT Scores |
|---|---|
| Wayne State University | 513 |
| Michigan Average | 556 |
| Online Average | 561 |
| National Average | 567 |
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- Wayne State University Average GMAT: 513
- Michigan's Average GMAT Scores: 556
- National Average for GMAT Scores: 567
- Online Average for GMAT Scores: 561
For online MBA programs GMAT scores range from a low of 265 to a high of 732 with an average of 561.
Many MBA programs no longer require the GMAT, making these exams optional or conditional based on specific criteria. While some business schools have eliminated standardized testing requirements entirely, others still consider test scores as a component of the application process. Even at test-optional institutions, admissions committees may require the GMAT for applicants with lower GPAs or limited quantitative coursework. Ultimately, strong test scores can strengthen an application, but many programs now evaluate candidates holistically based on work experience, academic background, and leadership potential.
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- Find MBA programs that do not require a GMAT or make the exam optional or conditional
- Find Online MBA programs with the highest and lowest GMAT requirements
Michigan Schools Offering Online MBA Degrees
- Wayne State University
- Northern Michigan University
- The University of Michigan
- The University of Michigan-Flint
- Lawrence Technological University
- University of Detroit Mercy
- Central Michigan University
- Saginaw Valley State University
- Western Michigan University
- Eastern Michigan University
- Oakland University
- The University of Michigan-Dearborn
- Michigan State University
Michigan Schools Offering both Campus and Online MBA Degrees
Find the best ranked MBA programs in Michigan and also find the best best online MBA programs accepting Michigan students.
- Wayne State University
- Northern Michigan University
- The University of Michigan
- The University of Michigan-Flint
- Lawrence Technological University
- Grand Valley State University
- University of Detroit Mercy
- Central Michigan University
- Saginaw Valley State University
- Western Michigan University
- Eastern Michigan University
- Michigan Technological University
- Oakland University
- The University of Michigan-Dearborn
- Michigan State University
Cities in Michigan Where You Can Find MBA Programs
Using the following links, compare average tuition costs, starting graduate salaries, program ROIs, averaged required GMAT scores, strong alumni networks and more.
- Ann Arbor
- Dearborn
- Detroit
- East Lansing
- Flint
- Grand Rapids
- Houghton
- Kalamazoo
- Marquette
- Mount Pleasant
- Rochester
- University Center
- Ypsilanti
Wayne State University Mike Ilitch School of Business Summary
In-state tuition and fees for the MBA program at Mike Ilitch School of Business is $27,472. Of all MBA programs offered in Michigan, the average cost for in-state tuition and fees is $45,280 a year. The average cost for in-state tuition and fees for an online MBA program is $37,167 a year.
The average GMAT score to enter into Mike Ilitch School of Business is 513 while the average GMAT score to for MBA schools in Michigan is 555.67, and the average GMAT score to enter into an online GMAT program is 560.93.
After graduating, the school reports that the average graduate salary is $73,946.
Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 169%
The average in-state tuition you can expect to pay is about $27,472, and the average GMAT score for acceptance in their program is 513.
After graduating, the school reports that the average graduate salary is $73,946. Comparing in-state tuition to the average graduate salary, you can expect an ROI on your MBA education to be in the range of 169%
Programs are offered as: 1-Year, Campus, Evenings, Full-Time, Off Campus, Online, Part-Time and Weekends.
The school is ranked by: Wayne State University's MBA program is accredited by the AACSB and is ranked by the following publications: MBAGuide
| Averages | Wayne State University | Online | Michigan |
|---|---|---|---|
| Tuition | $27,472 | $37,167 | $45,280 |
| Salary | $73,946 | $79,354 | $90,253 |
| ROI | 169% | 196% | 149% |
| S/F Ratio | 25:1 | 17:1 | 16:1 |
| Enrollment | 3576 | 2,654 | 2,180 |
| GMAT | GMAT Required: Yes
Average GMAT Score: 513 |
561 | 556 |
1*If a school does not provide average graduate salary information or graduate ROI data on their web site, MBAGuide estimates these figures using a variety of state and regional sources including the CollegeNavigator, the U.S. Bureau of Labor Statistics and state or regional equivalents. If you find mistakes in our database, please contact us.
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.