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2023 Best Business Schools in Michigan

$43,035 Average Earnings
$23,437 Avg Student Debt

When it comes to higher education, there are a lot of options for business students. Along with traditional schools that require in-person attendence, you can attend one of many reputable online schools. Some programs even offer a hybrid experience. Also, there are a number of trade schools and bootcamp with offerings that you might find attractive.

To assist you in seeing some of the education options that are available to you, Business Degree Central has created its <nil> ranking.

View our full ranking methodology.

Top Business Schools in Michigan

Learn more about these excellent schools below:

#1

University of Michigan - Ann Arbor

Ann Arbor, Michigan
$58,051 Average Earnings
$17,682 Avg Student Debt

Our rankings named University of Michigan - Ann Arbor the best school in Michigan for business students working on their degree.

Degree recipients from U-M accumulate an average of $17,682 in student debt by the time they complete their degree. Those who take out this much in loans have to make a monthly payment of about $419 if they are on a 10-year repayment plan.After graduating from U-M, students go on to jobs where they make an average of $58,051 during the early years of their career.

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#2

Michigan State University

East Lansing, Michigan
$47,302 Average Earnings
$24,447 Avg Student Debt

A rank of #2 on this year’s list means Michigan State University is a great place for business students.

On average, students take out $24,447 in loans while pursuing their degree. If you borrow this amount, expect your monthly student loan payment to be around $428, assuming you are on a 10-year repayment plan. During the early years of their career, Michigan State graduates make an average of $47,302 annually.

Read full report on Michigan State University

#3

Macomb Community College

Warren, Michigan
$36,546 Average Earnings
$11,351 Avg Student Debt

A rank of #3 on this year’s list means Macomb Community College is a great place for business students.

Degree recipients from Macomb Community College accumulate an average of $11,351 in student debt by the time they complete their degree. During the early years of their career, Macomb Community College graduates make an average of $36,546 annually.

Read full report on Macomb Community College

#4

Calvin University

Grand Rapids, Michigan
$38,043 Average Earnings
$19,374 Avg Student Debt

A rank of #4 on this year’s list means Calvin University is a great place for business students.

Degree recipients from Calvin accumulate an average of $19,374 in student debt by the time they complete their degree. Once they receive their degree, Calvin graduates enter the workforce, making an average salary of $38,043 during the early year of their career.

Read full report on Calvin University

#5

Grand Valley State University

Allendale, Michigan
$43,501 Average Earnings
$25,527 Avg Student Debt

The excellent programs at Grand Valley State University helped the school earn the #5 place on this year’s ranking of the best business schools in Michigan.

On average, students take out $25,527 in loans while pursuing their degree. If you borrow this amount, expect your monthly student loan payment to be around $243, assuming you are on a 10-year repayment plan. Once they receive their degree, GVSU graduates enter the workforce, making an average salary of $43,501 during the early year of their career.

Full Grand Valley State University Report

#6

Oakland University

Rochester Hills, Michigan
$50,418 Average Earnings
$26,781 Avg Student Debt

Oakland University ranked #6 on this year’s list.

Degree recipients from Oakland accumulate an average of $26,781 in student debt by the time they complete their degree. For those students on a 10-year repayment plan, the average payment due each month is around $174. During the early years of their career, Oakland graduates make an average of $50,418 annually.

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#7

Lawrence Technological University

Southfield, Michigan
$68,765 Average Earnings
$31,320 Avg Student Debt

Lawrence Technological University ranked #7 on this year’s list.

On average, students take out $31,320 in loans while pursuing their degree. If you borrow this amount, expect your monthly student loan payment to be around $385, assuming you are on a 10-year repayment plan. During the early years of their career, Lawrence Tech graduates make an average of $68,765 annually.

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#8

Washtenaw Community College

Ann Arbor, Michigan
$36,288 Average Earnings
$20,323 Avg Student Debt

Washtenaw Community College did quite well in this year’s ranking of the best places for business students. It came in at #8 on the list.

By the time they get their degree, students from this school have racked up an average of $20,323 in student loans. During the early years of their career, Washtenaw Community College graduates make an average of $36,288 annually.

Read full report on Washtenaw Community College

#9

Michigan Technological University

Houghton, Michigan
$60,470 Average Earnings
$24,749 Avg Student Debt

With a ranking of #9, Michigan Technological University did quite well on this year’s best schools for business students working.

Degree recipients from Michigan Tech accumulate an average of $24,749 in student debt by the time they complete their degree. If you borrow this amount, expect your monthly student loan payment to be around $294, assuming you are on a 10-year repayment plan.After graduating from Michigan Tech, students go on to jobs where they make an average of $60,470 during the early years of their career.

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#10

Lansing Community College

Lansing, Michigan
$45,008 Average Earnings
$18,287 Avg Student Debt

Lansing Community College landed the #10 spot in the rankings for the best business programs.

On average, students take out $18,287 in loans while pursuing their degree.After graduating from LCC, students go on to jobs where they make an average of $45,008 during the early years of their career.

Full Lansing Community College Report

#11

Central Michigan University

Mount Pleasant, Michigan
$45,509 Average Earnings
$29,288 Avg Student Debt

With a ranking of #11, Central Michigan University did quite well on this year’s best schools for business students working.

On average, students take out $29,288 in loans while pursuing their degree. Those who take out this much in loans have to make a monthly payment of about $251 if they are on a 10-year repayment plan. During the early years of their career, Central Michigan graduates make an average of $45,509 annually.

Full Central Michigan University Report

#12

Grand Rapids Community College

Grand Rapids, Michigan
$35,054 Average Earnings
$15,385 Avg Student Debt

Grand Rapids Community College landed the #12 spot in the rankings for the best business programs.

On average, students take out $15,385 in loans while pursuing their degree. During the early years of their career, Grand Rapids Community College graduates make an average of $35,054 annually.

Full Grand Rapids Community College Report

#13

Western Michigan University

Kalamazoo, Michigan
$43,765 Average Earnings
$27,986 Avg Student Debt

Western Michigan University came in at #13 in this year’s edition of the ranking.

On average, students take out $27,986 in loans while pursuing their degree. For those students on a 10-year repayment plan, the average payment due each month is around $269.After graduating from WMU, students go on to jobs where they make an average of $43,765 during the early years of their career.

Read full report on Western Michigan University

#14

Schoolcraft College

Livonia, Michigan
$30,604 Average Earnings
$18,481 Avg Student Debt

Schoolcraft College ranked #14 on this year’s list.

Degree recipients from Schoolcraft College accumulate an average of $18,481 in student debt by the time they complete their degree. During the early years of their career, Schoolcraft College graduates make an average of $30,604 annually.

Full Schoolcraft College Report

#15

University of Michigan - Dearborn

Dearborn, Michigan
$53,986 Average Earnings
$28,473 Avg Student Debt

University of Michigan - Dearborn came in at #15 in this year’s edition of the ranking.

By the time they get their degree, students from this school have racked up an average of $28,473 in student loans. If you borrow this amount, expect your monthly student loan payment to be around $213, assuming you are on a 10-year repayment plan. During the early years of their career, UM Dearborn graduates make an average of $53,986 annually.

Full University of Michigan - Dearborn Report

#16

Adrian College

Adrian, Michigan
$34,245 Average Earnings

Adrian College did quite well in this year’s ranking of the best places for business students. It came in at #16 on the list.

For those students on a 10-year repayment plan, the average payment due each month is around $479. Once they receive their degree, Adrian graduates enter the workforce, making an average salary of $34,245 during the early year of their career.

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#17

Albion College

Albion, Michigan
$37,698 Average Earnings

With a ranking of #17, Albion College did quite well on this year’s best schools for business students working.

Those who take out this much in loans have to make a monthly payment of about $529 if they are on a 10-year repayment plan. Once they receive their degree, Albion graduates enter the workforce, making an average salary of $37,698 during the early year of their career.

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#18

University of Detroit Mercy

Detroit, Michigan
$64,174 Average Earnings
$32,785 Avg Student Debt

University of Detroit Mercy ranked #18 on this year’s list.

On average, students take out $32,785 in loans while pursuing their degree. For those students on a 10-year repayment plan, the average payment due each month is around $316. During the early years of their career, Detroit Mercy graduates make an average of $64,174 annually.

Full University of Detroit Mercy Report

#19

Baker College

Owosso, Michigan
$41,022 Average Earnings
$30,021 Avg Student Debt

Baker College came in at #19 in this year’s edition of the ranking.

On average, students take out $30,021 in loans while pursuing their degree. Those who take out this much in loans have to make a monthly payment of about $86 if they are on a 10-year repayment plan. Once they receive their degree, Baker College graduates enter the workforce, making an average salary of $41,022 during the early year of their career.

Full Baker College Report

#20

Oakland Community College

Bloomfield Hills, Michigan
$38,470 Average Earnings
$19,359 Avg Student Debt

Oakland Community College came in at #20 in this year’s edition of the ranking.

On average, students take out $19,359 in loans while pursuing their degree.After graduating from Oakland Community College, students go on to jobs where they make an average of $38,470 during the early years of their career.

Read full report on Oakland Community College

#21

Ferris State University

Big Rapids, Michigan
$47,887 Average Earnings
$25,330 Avg Student Debt

Ferris State University landed the #21 spot in the rankings for the best business programs.

On average, students take out $25,330 in loans while pursuing their degree. If you borrow this amount, expect your monthly student loan payment to be around $189, assuming you are on a 10-year repayment plan.After graduating from Ferris, students go on to jobs where they make an average of $47,887 during the early years of their career.

Full Ferris State University Report

#22

Aquinas College Michigan

Grand Rapids, Michigan
$37,135 Average Earnings
$26,119 Avg Student Debt

Aquinas College Michigan did quite well in this year’s ranking of the best places for business students. It came in at #22 on the list.

Degree recipients from Aquinas College Michigan accumulate an average of $26,119 in student debt by the time they complete their degree. During the early years of their career, Aquinas College Michigan graduates make an average of $37,135 annually.

Full Aquinas College Michigan Report

#23

Wayne State University

Detroit, Michigan
$48,414 Average Earnings
$28,531 Avg Student Debt

With a ranking of #23, Wayne State University did quite well on this year’s best schools for business students working.

By the time they get their degree, students from this school have racked up an average of $28,531 in student loans. Those who take out this much in loans have to make a monthly payment of about $173 if they are on a 10-year repayment plan. Once they receive their degree, Wayne State graduates enter the workforce, making an average salary of $48,414 during the early year of their career.

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#24

Madonna University

Livonia, Michigan
$45,638 Average Earnings
$30,543 Avg Student Debt

With a ranking of #24, Madonna University did quite well on this year’s best schools for business students working.

By the time they get their degree, students from this school have racked up an average of $30,543 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $260. Once they receive their degree, Madonna graduates enter the workforce, making an average salary of $45,638 during the early year of their career.

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#25

Jackson College

Jackson, Michigan
$39,282 Average Earnings
$18,947 Avg Student Debt

Jackson College landed the #25 spot in the rankings for the best business programs.

By the time they get their degree, students from this school have racked up an average of $18,947 in student loans.After graduating from Jackson College, students go on to jobs where they make an average of $39,282 during the early years of their career.

Read full report on Jackson College

Notes and References

Footnotes

*These averages are for the top 25 schools only.

References

  • Read more about our ranking methodology.
  • The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
  • Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
  • Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

More about our data sources and methodologies.

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