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Finance & Financial Management in Michigan

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Finance & Financial Management Schools in Michigan

1,736 students earned Finance degrees in Michigan in the 2018-2019 year.

In this state, Finance & Financial Management is the 4th most popular major out of a total 29 majors commonly available.

Education Levels of Finance & Financial Management Majors in Michigan

Finance majors in the state tend to have the following degree levels:

Education Level Number of Grads
Bachelor’s Degree 1,606
Master’s Degree 113
Post-Master’s Certificate 10
Postbaccalaureate Certificate 10
Associate’s Degree 5
Doctor’s Degree (Research / Scholarship) 2
Doctor’s Degree (Professional Practice) 2
Doctor’s Degree (Other) 2

Gender Distribution

In Michigan, a finance major is more popular with men than with women.

Finance & Financial Management Majors in MI Gender Diversity Statistics

Racial Distribution

The racial distribution of finance majors in Michigan is as follows:

  • Asian: 5.4%
  • Black or African American: 4.7%
  • Hispanic or Latino: 3.0%
  • White: 69.4%
  • Non-Resident Alien: 11.9%
  • Other Races: 5.6%
Finance & Financial Management Majors in MI Ethnic Diversity Statistics

Jobs for Finance & Financial Management Grads in Michigan

There are 131,270 people in the state and 5,710,980 people in the nation working in finance jobs.

Finance & Financial Management Jobs Nationwide vs. MI

Wages for Finance & Financial Management Jobs in Michigan

A typical salary for a finance grad in the state is $71,070, compared to a typical salary of $79,830 nationwide.

jobs nationwide vs. state.

There are 33 colleges in Michigan that offer finance degrees. Learn about the most popular 10 below:

400 Degrees in Major Awarded
77% Graduation Rate
49,809 Total Students

Graduates earn an average $41,600 after graduation. Most students complete their degree in 4.39 years. Of all the students who attend this school, 66% get financial aid.

281 Degrees in Major Awarded
67% Graduation Rate
24,033 Total Students

Graduates earn an average $35,300 after graduation. The student to faculty ratio is 16 to 1. Students who attend this public school pay an average net price of $18,019.

141 Degrees in Major Awarded
54% Graduation Rate
21,470 Total Students

89% of students get financical aid. The student loan default rate of 7.00% is a good sign that graduates can afford their loan payments. A typical student attending WMU will pay a net price of $19,119.

139 Degrees in Major Awarded
35% Graduation Rate
26,824 Total Students

The full-time teacher rate is 56%. A typical student attending Wayne State will pay a net price of $14,226. Grads earn an average early-career salary of $32,600 after earning their degree at this institution.

#5

Central Michigan University

Mount Pleasant
128 Degrees in Major Awarded
59% Graduation Rate
19,362 Total Students

The student loan default rate is 4.90% which is lower than average. 72% of the teachers are full time. It takes the average student 4.75 years to graduate.

#6

Oakland University

Rochester Hills
119 Degrees in Major Awarded
44% Graduation Rate
19,013 Total Students

A typical student attending Oakland will pay a net price of $11,560. Grads earn an average early-career salary of $36,000 after earning their degree at this institution. The student to faculty ratio is 20 to 1.

87 Degrees in Major Awarded
1,800 Total Students

13% of the teachers are full time. Graduates earn an average $49,200 after graduation. The student to faculty ratio is 13 to 1.

82 Degrees in Major Awarded
53% Graduation Rate
9,191 Total Students

Students who attend this public school pay an average net price of $11,208. The student loan default rate is 5.90% which is lower than average. Students enjoy a student to faculty ratio of 17 to 1.

68 Degrees in Major Awarded
40% Graduation Rate
17,784 Total Students

A typical student attending Eastern Michigan will pay a net price of $15,394. It takes the average student 4.89 years to graduate. 98% of the teachers are full time.

#10

Saginaw Valley State University

University Center
37 Degrees in Major Awarded
40% Graduation Rate
8,251 Total Students

The 8.10% student loan default rate is lower than average. Most students complete their degree in 4.91 years. Graduates earn an average $32,500 after graduation.

Finance & Financial Management Careers in MI

Some of the careers finance majors go into include:

Job Title MI Job Growth MI Median Salary
Credit Counselors 23% $47,370
Financial Managers 18% $116,300
Personal Financial Advisors 15% $73,050
Loan Interviewers and Clerks 13% $38,620
Financial Analysts 9% $78,490
Financial Specialists 9% $59,420
General and Operations Managers 9% $101,270
Credit Analysts 9% $60,860
Budget Analysts 6% $78,750
Securities, Commodities, and Financial Services Sales Agents 6% $51,070
Credit Authorizers, Checkers, and Clerks 0% $41,040
Bill and Account Collectors -3% $37,650
Chief Executives -5% $203,290
New Accounts Clerks -6% $37,740
Tellers -8% $29,050

Below are some popular majors in the state that are similar to finance.

Major Annual Graduates in MI
Business Administration & Management 10,612
Accounting 2,973
Marketing 2,176
Human Resource Management 1,394
Business & Commerce 999
Hospitality Management 566
International Business 488
Management Information Systems 402

View all majors related to Finance & Financial Management

View Nationwide Finance & Financial Management Report

References

More about our data sources and methodologies.

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