Find The Best Michigan MBA Programs and Degrees

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EARN AN ONLINE MBA DEGREE TODAY

If you’re ready to earn your MBA, Michigan is an excellent schooling choice. With some of the top colleges in the nation the state offers many choices for MBA students, both on-campus and online.

Michigan became a leader in online education in 2006 when the state made it mandatory for postsecondary students to take at least one online course as part of their curriculum. This allowed the state to expand online educational offerings while increasing enrollment, making it easier for students to segue into the online format.

According to U.S. News and World Report, over 90% of MBA students are already employed full time when they begin to pursue their graduate degree. The average age for on-campus enrollment is 27 years old and 33 years old for online students. So, if you’re juggling work, home, and family while considering earning your MBA, you’re not alone. Here’s a look at MBA programs in Michigan:

WHY CONSIDER AN ONLINE MBA?

Michigan has long been known as a world leader in the automotive manufacturing industry, which makes it ideal for those who plan to specialize in supply chain management, technology management, and industrial systems engineering as their MBA concentration. Michigan is also fast becoming a regional leader in information systems and technology management as well.

If you live or plan to live in another area of the country, Michigan is still an excellent choice for schools. The University of Michigan (UofM) reports that a full two-thirds of their MBA graduates are employed in nearby Chicago, others are employed on the East or West Coast, and another 7.5% work outside of the country. That means your Michigan MBA can take you anywhere in the world you choose to go!

One often overlooked statistic in MBA employment is healthcare, and every industry in Michigan interacts with this segment of the economy. The healthcare industry in Michigan employs over 900,000 people and an MBA degree will make you eligible for management positions in hundreds of hospitals and other healthcare providers throughout the state.

Percentage of students enrolled in online programs in Michigan

MBA Concentrations

Industrial Systems Engineering

for those with a bachelor’s degree in computer science, engineering, or applied mathematics, this MBA will give you the management expertise and engineering combination required to take your employment to the next step.

Supply Chain Management

training to manage the people, technology, organizations, and resources that convert raw materials to finished products. This degree is especially useful in manufacturing and retail corporations.

Information Systems/Technology Management

for those working in, or with an aptitude for, electronics engineering, information technology management, and computer science this MBA will prepare you for management positions for organizations in many fields.

Business Administration

with a focus on overseeing the marketing, finance, organization, and management of any size business this degree is especially useful for those wishing to enter the Healthcare Management field.

Finance

an MBA in finance will allow you to choose between investments or corporate concentrations and provide you with the knowledge to manage the financial aspects of a corporation.

Accreditation in Michigan

In Michigan, online MBA schools are accredited on either a national or regional level. Typically, for-profit schools are accredited on a national basis while non-profit, degree-focused, and state-operated schools are accredited regionally. Regional accreditation is sometimes considered even more prestigious than national accreditation. The main organization that accredits online schools is the Higher Learning Commission (HLC).

Accreditation by the HLC is important because it ensures eligibility for federal aid. In addition, enrolling in an accredited school means your credits will be transferable and your degree will be recognized by your current and future employers. An accredited school has met and continues to meet the rigid professional and academic requirements set forth by the HLC.

CAREER AND JOB OUTLOOK FOR GRADUATES

While the biggest employers in Michigan are automobile manufacturers, the healthcare industry far outranks those manufacturers in regards to employed individuals. Approximately 240,000 are employed in hospitals alone, with 146 separate facilities throughout the state. With a $50 billion overall state industry, the spectrum of healthcare is a wide employment area for MBA degrees in Michigan. Here are the top five company-specific employers in the state of Michigan:

Company Industry Headquarters City Number of Employees
General Motors Automotive Detroit 52,811
Ford Motor Automotive Dearborn 48,000
State of Michigan Government Lansing 44,540
FCA US LLC (Fiat) Automotive Auburn Hills 34,300
University of Michigan Education Ann Arbor 33,591

EARNING POTENTIAL WITH AN MBA IN Michigan

The earnings potential for MBA graduates varies widely depending on the concentration, experience, and industry of employment. The range within a concentration can also vary widely; according to the Bureau of Labor Statistics a Chief Executive Officer’s (CEO) earnings can range from $75,525 to $437,467 and a finance manager’s salary can range from $45,639 to $130,517. That being said, here’s a look at five business concentrations and the average Michigan wage for each by degree level:

Best Cities in Michigan for MBA Jobs

  • Metropolitan Detroit consists of the three counties of Wayne, Macomb, and Oakland and includes Detroit, Dearborn, Auburn Hills, Livonia, Sterling Heights, and Pontiac: all hubs for the automotive industry and major employers of MBA holders.
  • Ann Arbor is the home to the University of Michigan, one of the largest employers in the state.
  • Grand Canyon University’s Colangelo College of Business
  • Lansing is the capital of Michigan and the base for all state employees.

Top MBA Careers in Michigan

Chief Executives are typically the highest paid of all MBA jobs. They oversee a company's business strategy, oversee all employees, and make all major business decisions. A CEO reports only to the company Board of Directors; while the average salary is $184,740 that does not reflect other perks such as bonuses and stock options.

Sales Managers in Michigan average $133,370 per year and often earn large performance bonuses as well. A sales manager is usually charged with maintaining and growing a business, researching future clients, and overseeing sales territories and individual sales employees.

General and Operations Managers direct, plan, and coordinate an organization's operations. They may be charged with planning and managing daily operations and personnel, but the position can be diverse depending on the industry. General and Operations Managers earn an average of $118,320 annually.

Industrial Production Managers plan, direct, and coordinate the daily operations of manufacturing plants and similar operations. They earn an average of $114,440 in Michigan, primarily in the automotive industry.

Engineering Managers usually add their MBA to a technical degree and direct architectural or engineering departments in large corporations to create new product lines for the company. The average annual salary of an engineering manager in Michigan is $110,030.

Computer and Information Systems Managers earn an average of $107,250 annually as they oversee the IT and computer systems, project future requirements, and ensure repairs are made in a timely manner.

TOP ONLINE MASTERS PROGRAM CHOICES

Location:

Mount Pleasant, MI

Tuition:

$ $ $ $ $

  • Central_Michigan_University-logo
  • Tuition

    21,600

  • Receiving financial aid

    59% overall

  • Student population

    28%

  • Public or Private

    Public

Location:

Dearborn, MI

Tuition:

$ $ $ $ $

  • University_of_Michigan-Dearborn-logo
  • Tuition

    13,572

  • Receiving financial aid

    93.5% overall

  • Student population

    22%

  • Public or Private

    Public

Location:

Big Rapids, MI

Tuition:

$ $ $ $ $

  • Ferris_State_University-logo
  • Tuition

    27,072

  • Receiving financial aid

    71% overall

  • Student population

    25%

  • Public or Private

    Public

Location:

Midland, MI

Tuition:

$ $ $ $ $

  • Northwood_University-logo
  • Tuition

    37,080

  • Receiving financial aid

    65% overall

  • Student population

    40%

  • Public or Private

    Private

Location:

Grand Rapids, MI

Tuition:

$ $ $ $ $

  • Conerstone_University-logo
  • Tuition

    21,850

  • Receiving financial aid

    95%

  • Student population

    35%

  • Public or Private

    Private

HOW TO CHOOSE THE BEST MBA PROGRAM

1

Introduction

Once you’ve decided on an MBA concentration, you’ll be ready to find a school and enroll. The process can be overwhelming, so make a plan before you start. Set up a dedicated file or folder on your computer and make a checklist of items you need to know or have before you’re ready to enroll.

A full-time MBA program will typically take one or two years, and a part-time program can take between four and six years. This means you’re about to dedicate a large amount of time to your education, so it makes sense to cover all the bases before you begin.

2

Search for Schools in Your Location

Although you may have decided to utilize the convenience of an online MBA program it’s still a good idea to choose a school within driving distance if at all possible. Having a school you can visit will give you access to the library as well as seminars and other events and will also give you access to businesses that have partnerships with that specific school.

If you’ve decided on a concentration, you can use that to narrow your choices. Check the specific courses required for your degree and make sure they meet your future plan requirements.

3

Compare Student Outcome and Employment Data

Once you’ve narrowed your list of choices you can look at their track records. Check the graduation rates against the enrollment rates to make sure there aren’t a high percentage of dropouts from the program. If a lot of students enroll but don’t complete their MBA it may be a red flag that there isn’t enough student support to enable successful graduation.

Look for post-graduate employment data for the program you’re interested in. Make sure it meets your plans and expectations and look for specific companies that hire a high percentage of grads.

4

Estimate the Cost of the Entire Program

Attending college incurs more costs above the basic tuition, so make sure you have a close estimate of total costs. For example, Central Michigan University charges $596 per credit hour but there are other fees involved: service fees, book costs, lab fees, and similar charges. If you decide to live on campus it will cost an additional $5,038 per semester (2018 costs; lowest in state). If you’re not living on campus you’ll need to add travel costs and possibly other expenses such as meals and childcare, so look hard at your personal situation and try to cover all the angles.

If you’re attending online you won’t have to worry about travel expenses but you’ll still need to purchase books and other study materials. If you have young children you may also have to utilize a daycare in order to get the needed time to do homework and study.

5

Compare the Class Hours with your Schedule

Before you enroll you should look at the specific classes required for your MBA to make sure the courses are at a convenient time and day. Make sure they coordinate with your work schedule, and if they don’t check with your employer before you remove the school from your list of choices. Often employers are willing to offer a flexible work schedule for students, so you may have options to consider.

Check the scheduling of future classes and ask the school if this schedule typically remains the same or if it changes on a regular basis. That way you can make tentative plans for the next few semesters of your future education.

If you plan to attend online make sure you have the time to meet the course requirements, due dates, and times. If you’re working full-time this may be a problem, so again check with your employer before you enroll.

6

Look for Partnerships with Your Employer or other Businesses

Check with your employer and ask if they have a tuition reimbursement program or similar incentives for employee students. Often companies will pay for an employee to return to school under an agreement to work a specific number of years after graduation.

Check your schools of choice for business partnerships. For example, Central Michigan has a program called the CMU strategic business partnership which allows the school to work closely with companies for employee retention, recruitment, and development. Current strategic partners include the federal and state governments, Quicken Loans, and the Michigan Municipal League. A similar partnership may be the key to both your education and your future employment success. Most colleges have these types of business partnerships and you may be able to both pay for your education and guarantee your future at the same time.

In the Detroit Metro area most colleges have agreements with the automotive industry, so if your long-term plans include working for GM or Ford make sure you look at what agreements are in place before you choose a school.

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