Top 10 Affordable MBA Programs in Michigan

Whether looking to pursue an in-person or online MBA program, finding an affordable option is a top priority for many students. If you live in Michigan, you may be wondering about the different options available. What are some schools in your state offering affordable MBAs?

A Master of Business Administration is a popular degree program, and various Michigan schools offer it at affordable rates. Options are available to meet the needs of every kind of student in Michigan, including full-time, part-time, and online students.

Read on for more information about affordable MBA programs, including traditional and online MBA programs.

Top Affordable MBA Programs in Michigan

Each of the schools below maintains institutional accreditation, and many are also accredited by the Association to Advance Collegiate Schools of Business (AACSB). Let's take a closer look at each school and the programs available traditional schools and affordable online colleges in Michigan.

Central Michigan University

Central Michigan University is a public school with around 14,500 students. Located in Mount Pleasant, it offers a variety of degree programs for students attending both online and on-campus.

The school's MBA program consists of 36 credit hours and can be completed within one to two years. Students can complete the program online or in-person and on a full-time or part-time basis, whatever works best for them. The MBA offers 12 areas of emphasis, including:

• entrepreneurship
• human resource management
• project management
• cybersecurity
• information systems

Ferris State University

Ferris State University is located in Big Rapids. This public school offers undergraduate and graduate degree programs and enrolls about 10,300 students.

The school offers a highly affordable online MBA program ranked among U.S. News and World Report's best MBA degrees in the nation. The program is accredited by the Accreditation Council for Business Schools and Programs. Students interested in the program can take their first two courses without having to submit GRE or GMAT scores.

Western Michigan University

Western Michigan University is a public school in Kalamazoo. Enrolling nearly 16,000 students, this school offers both online and campus-based degree programs in an array of specializations.

The flexible MBA program offers coursework you can complete online or in person. Students can take the program at their own pace, potentially graduating in as little as a year and a half or taking up to six years to complete their studies.

Grand Valley State University

Grand Valley State University is a public school in Allendale. It boasts an enrollment of more than 24,000 students.

The school offers an executive MBA program on-campus. This part-time program is designed for professionals with several years of experience. The program consists of 38 credit hours, with each course being offered in 15-week sessions.

University of Detroit Mercy

The University of Detroit Mercy is a private Catholic school in Detroit. It enrolls around 5,500 students and provides affordable tuition rates and various financial aid opportunities.

A high-ranking, AACSB-accredited MBA program is available for online and on-campus students. Those planning to pursue business in specific fields can pursue certificates or dual degrees in these fields. Options include:

• health services administration
• Juris Doctor
• computer and information systems

University of Michigan Flint

The University of Michigan Flint is a relatively small public school with an enrollment of around 6,400 students. It is located in Flint but offers online and in-person degrees and certificate programs.

The school's college of business offers a traditional MBA, an accelerated bachelor's degree to master's degree program, and several graduate-level dual degrees. In addition, students can choose a general MBA or one of several concentrations, including:

• healthcare management
• international business
• organizational leadership
• marketing and innovation
• accounting

University of Michigan Dearborn

The University of Michigan Dearborn has an enrollment of about 8,200 students. This public school offers an array of degree programs and program concentrations for students interested in several fields.

MBA students can pursue a flexible MBA online, on-campus, or in a hybrid format. The program varies from 36 to 48 credit hours depending on the concentration you choose. Available concentrations include:

• business analytics
• supply chain management
• information systems management
• finance
• marketing

Oakland University

Oakland University is a public school with locations in Rochester Hills and Auburn Hills. Enrolling more than 16,000 students in its undergraduate and graduate schools, this university provides various degree options for both part-time and full-time students.

Two MBA graduate programs are available: a traditional and an executive MBA. The traditional program features core courses and electives that place special emphasis on international business and information technology, while the executive program provides a rigid course structure that helps working professionals graduate within 21 months. The programs comprise 36 and 39 credit hours, respectively.

Eastern Michigan University

Eastern Michigan University, located in Ypsilanti, is a public school providing various degree options for students from all walks of life. Various business degrees are available, including a flexible MBA program.

Students can choose whether to study full-time, part-time, or online. They also have the option of selecting an executive MBA program. All programs are accredited by the AACSB, and various financial aid resources are available for students who need them. No GMAT or GRE scores are required.

Wayne State University

Wayne State University is a large public school in Detroit. It enrolls nearly 25,000 students in many academic programs, including a diverse MBA.

The program can be completed online or in-person via 7.5- and 15-week courses. Various dual degrees are available. Those who pursue an MBA alone can choose from 13 program concentrations, including:

• sport and entertainment management
• financial accounting
• healthcare supply chain management
• global supply chain management
• marketing

FAQs About Affordable MBA Programs

If you still have questions about earning your MBA affordably in Michigan, you're not alone. Keep reading to find some answers to common questions you may be wondering about.

How Much Does an MBA Cost in Michigan?

Total program costs vary depending on various factors such as school tuition rates, fees, and number of credit hours. That said, total tuition costs for the MBA programs discussed in this article range from around $16,000 to $35,000.

What Is the ROI for MBA Programs in Michigan?

Knowing the return on investment (ROI) can help you understand how much value you get from your chosen program. Though the ROI varies from school to school and program to program, Michigan schools boast a range of 49% to 237%. The average ROI in Michigan is 122% among all programs.

How Much Can I Make with an MBA Degree in Michigan?

The amount of money you earn after getting your MBA will depend on many factors including the company you work for, years of work experience, and your job title. Average salaries range from around $80,000 for marketing operations managers to nearly $190,000 for chief operating officers.

Those with significant experience or executive titles may earn significantly more, while those just starting out in entry-level MBA roles may earn less.

Is an MBA Worth It Financially?

Most MBA careers pay very well, and skilled business leaders are always in high demand. Pursuing an advanced business education not only helps you improve your hard skills but also improves your soft skills, like decision-making and communication.

Being a skilled business professional can make it easier for you to find a job and may also help you command a higher salary. When you consider all of these benefits, you may find that an MBA is well worth the investment of time and money if it aligns with your career goals.