Best Business Schools in Michigan

The field of business studies is multidisciplinary and encompasses information from economics, finance, marketing, management, accounting, and entrepreneurship. Some degrees in the field concentrate on financial issues, while others emphasize business management.

Michigan is home to some of the best-ranked universities and has a cost of living that is considerably cheaper than the national average. The top Michigan schools for business studies are discussed below.

Choosing the Best Business School

When choosing a business school, students should consider a number of things. The most important factor is the school's reputation. Pupils ought to consider comparing the accreditation of multiple universities that provide identical degree programs. Because business studies offers a wide selection of specializations, students must also look for universities that offer their preferred subject of study. Since many institutions offer weekend and part-time MBA programs, candidates should also consider these options.

Cost of Studying Business Studies in Michigan

Depending on the institution, the curriculum chosen, and whether a student is accepted into a full- or part-time program, there are differences in the cost of studying business. The length of the degree and the mode of study - online or on campus - are two factors that affect the price. Public universities usually have lower tuition and fees than private colleges. Furthermore, some universities offer grants and scholarships that cover all of the costs associated with attending school. Merit- and need-based scholarships are examples of additional financial aid in addition to other forms of outside assistance. Students should look for these materials as well when applying.

10 Best Business Schools in Michigan

Institution	Location	In-state Tuition Fees	Out-of-state Tuition Fees
University of Michigan	Ann Arbor	$71,000 annually	$76,000 annually
Michigan State University	East Lansing	$35,000 annually	$55,000 annually
Wayne State University	Detroit	$560 per credit	$1,230 per credit
Michigan Technological University	Houghton	$25,000 annually	$25,000 annually
Central Michigan University	Mount Pleasant	$810 per credit hour	$810 per credit hour
Western Michigan University	Kalamazoo	$765 per credit hour	$1,150 per credit hour
Grand Valley State University	Allendale	$835 per credit	$835 per credit
Oakland University	Rochester Hills	$870 per credit hour	$1,030 per credit hour
Northern Michigan University	Marquette	$780 per credit hour	$780 per credit hour
University of Detroit Mercy	Detroit	$885 per credit hour	$885 per credit hour

NOTE: The fees shown in the table above are for MBA programs.

University of Michigan - Ann Arbor

The University of Michigan in Ann Arbor offers more than 280 academic programs. It was a founding member of the Universities Association of America. The incoming class of 2023 boasts an Average High School GPA of 3.9-4.0, an Average ACT score of 31-34, and an Average SAT range of 1350-1530. The student-to-faculty ratio is 15:1. The Ross Business School at the University offers full-time, part-time, online, and weekend MBA, executive, and global MBA programs.

Michigan State University

Michigan State University is a well-known public land-grant institution that offers a wide variety of academic programs covering more than 400 areas of study across its 17 distinguished colleges. Recent graduates from the university have an impressive 93% placement rate and enjoy promising career opportunities with a median salary of $58,000 per year. In addition, students have the chance to receive the prestigious Honors College Excellence Scholarship, which provides up to $13,000 annually for 8 semesters. The MBA programs at the Broad College of Business are considered some of the best in the nation, offering STEM, full-time, and executive MBA programs.

Wayne State University

Wayne State University, situated in Michigan, is a prestigious public research institution and the sole urban research university in the state. Students are given the opportunity to transfer an unlimited number of AP, CLEP, and IB test credits toward their degree. Moreover, for the fall of 2024, individuals who have not taken the SAT or ACT exams can choose the test-optional pathway. Exceptional students who are recipients of the President's Award for National Merit Scholarship Finalists can receive an annual sum of $12,000 for four years. The university's Mike Ilitch School of Business offers various programs, including joint J.D./MBA and joint M.D./MBA programs, alongside traditional and online MBA options with 13 concentrations.

Michigan Technological University

Michigan Technological University, a renowned public research institution, prides itself on its remarkable 93% five-year average placement rate for students, as well as being ranked ninth in the nation for highest starting salaries at $70,000 (median). The university fosters a conducive learning environment with an average class size of 25. Moreover, Michigan residents have the chance to benefit from the S-STEM Husky PAWS Scholarship, which offers up to $15,000 annually. Additionally, the University's College of Business provides a range of programs including traditional, online, and Accelerated Tech MBA.

Central Michigan University

Central Michigan University is a renowned public research institution that offers over 200 academic programs. With an acceptance rate of 79%, it provides a wide range of opportunities for students to pursue their educational goals. The academic profile of incoming freshmen at the university includes an SAT Range of 980-1220, an ACT Range of 21-27, and a High School GPA of 3.5. Additionally, the university's AACSB-accredited College of Business Administration offers various MBA programs, including full-time, part-time, traditional, and online options. These programs focus on 12 different disciplines, ensuring that students receive a comprehensive education in the field of business.

Western Michigan University

Western Michigan University offers a wide array of academic programs, totaling over 250 options, with an impressive 92% full-time employment rate for graduates in fields related to their studies. The median salary range for all degrees awarded by the university typically falls between $50,000 and $60,000. The Western Michigan University Department of Public Safety (WMU DPS) has earned accreditation for its exceptional policies, procedures, management, operations, and support services, distinguishing it as one of the top police agencies in Michigan. Additionally, the university runs the esteemed Medallion Scholars program, granting recipients a generous sum of $90,920. Furthermore, Western Michigan University provides students with the opportunity to pursue their MBA through online, hybrid, and traditional programs.

Grand Valley State University

Grand Valley State University offers an extensive selection of academic programs, totaling approximately 140, and proudly upholds the Seal of Excelencia. The university maintains an average class size of 26 students, and an impressive 85% of graduates secure job offers before completing their studies. Presidential Scholarships for first-year Michigan Residents can amount to $44,000, while non-Michigan residents may receive up to $67,000, with an additional $2,000 for National Merit Finalists. The Seidman College of Business at the university provides graduate programs such as the MS in Accounting and Taxation, as well as Professional and Executive MBA programs.

Oakland University

Oakland University, a public research institution, upholds a student-to-faculty ratio of 17:1. For the 2022-23 academic year, full-time undergraduate students were granted an average of $8,529 in scholarships and grants per student. What sets Oakland University apart is that it is the only public university in Michigan that does not impose any fees. The university boasts a wide range of academic offerings, including approximately 120 bachelor's degree programs, as well as around 140 doctoral, master's degree, and certificate programs. The University's Business School offers various programs such as the MBA, Executive MBA, traditional and online MBA, as well as specialized programs like the MS in Finance and MS in Business Analytics.

Northern Michigan University

Northern Michigan University is a public institution that provides a wide range of academic programs, totaling over 170. The university maintains a student-to-faculty ratio of 18:1, ensuring personalized attention and support for students. With an acceptance rate of 71%, Northern Michigan University welcomes a diverse student body. On average, incoming students possess a high school GPA of 3.4. Additionally, the university offers various financial aid opportunities, with an average award of approximately $13,000 for NMU students. The University College of Business provides several MBA options, including a specialization in data analytics, the MBA 4+1 program, as well as traditional and online MBA programs.

University of Detroit Mercy

The University of Detroit Mercy, a private Roman Catholic institution, prides itself on a student-to-faculty ratio of 13:1 and an average class size of 20. The Titan Edge program allows Federal Pell Grant-eligible students to pursue an undergraduate degree without any tuition costs. The College of Business Administration offers a variety of dual MBA degrees, including MBA and Master of Health Services Administration, MBA and Juris Doctorate, and MBA and MSCIS. Additionally, there are two Accelerated MBA programs available: 5-Year Bachelor's and MBA 3 + 3 Bachelors and Juris Doctorate Law Degree. The College also offers Traditional MBA, Online, Weekend, and Evening MBA programs.