6 Most Affordable Online Business Degrees in Michigan (2025)

In 2024, as digital learning platforms continue to evolve, Michigan stands out for its dedication to accessible and affordable online education.

The state's institutions are offering competitive business programs without the high price tag traditionally associated with higher education.

This article goes over not only the most affordable online business degrees nationwide and specifically available from Michigan universities.

List of Michigan Affordable Business Degrees Online

Below is a detailed list of the most affordable business degrees in Michigan, allowing students to gain valuable skills in the most cost-effective way.

1. University of Michigan

The University of Michigan offers an online Master in Business Administration (MBA), structured to be finished within three to four years.

The 57-credit program includes a mix of core courses, electives, and residences. For Michigan residents, the entire program is priced at an estimated $118,000.

A standout feature is the flexibility it offers students; they can customize their degrees by choosing from specializations such as advertising management, supply chain management, and corporate finance.

2. Southwestern Michigan College

Southwestern Michigan College presents an online Associate of Arts in Business program that students can expect to complete in one to two years.

The program is accredited by the Higher Learning Commission and consists of 61 credit hours. Enrolled students will look into areas like statistics, business law, and small business management.

The tuition breakdown reveals a cost of $198.25 per credit hour, plus an additional $20 online fee per credit.

3. Davenport University

Davenport University provides an online Bachelor of Business Administration with a core focus on general business.

The program is accredited by the International Accreditation Council for Business Education (IACBE) and demands 120 credit hours for completion with tuition set at $928 per credit hour.

Students joining this BBA have the choice of two specializations: supply chain logistics or global project management so they can tailor their degree based on their career goals.

4. Central Michigan University

Central Michigan University offers an online Master in Business Administration (MBA), with completion achievable in one to two years.

This 36-credit hour program equips students with skills in various domains, including marketing, warehousing, and computer applications, all accredited by the Association to Advance Collegiate Schools of Business (AACSB International).

While the tuition is set at $808 per credit hour, the university extends discounted rates to military members, state employees, and federal employees.

5. Baker College

Baker College offers an accelerated online bachelor's degree in business administration, which students can typically wrap up in two years.

The program consists of 120 credit hours, and they can transfer up to 90 credits from previous courses to expedite their degree.

This program, with IACBE accreditation, covers essential topics like international business, marketing management, and strategic development.

Prospective students should note a one-time $30 application fee, and the tuition stands at $435 per credit hour for the 2023-2024 academic year.

6. Ferris State University

Ferris State University presents an online bachelor's degree in business administration, accredited by the ACBSP (Accreditation Council for Business Schools and Programs).

Admission into this program requires candidates to have at least 48 transferable credits. For those at the junior or senior undergraduate level, the tuition fee amounts to $526 per credit hour.

Students can expect to complete the degree in three to four years and have the attractive option to seamlessly transition into the MBA program at the same institution.

Other Colleges Offering Online Business Programs

Many institutions beyond the ones mentioned previously offer excellent and affordable online business programs to Michigan residents. Here's a list of some other accredited institutions offering online business degrees to Michigan residents.

Western Governors University

Western Governors University presents an online Bachelor of Science in Business Administration, with a concentration in management.

The program consists of 39 courses, and students typically complete it within 35 months. With a six-month term tuition structure, the university urges students to enroll full-time, with each term costing $3,755.

The institution holds an accreditation from the ACBSP and allows those holding an associate degree to transfer their prior credits.

Arizona State University

Arizona State University offers an online Bachelor of Arts in Business. This program, which has a focus on business administration, is designed to prepare students for leadership roles.

It consists of 120 credit hours spread over 41 classes. Through the program, students acquire fundamental insights into areas such as supply chain, management, and sales.

For non-resident students enrolling full-time with 12 credit hours, the tuition is priced at $8,277 per semester, inclusive of student and college fees. The program holds accreditation from the AACSB.

Penn State University

Penn State University introduces an online Bachelor of Science in Business degree, composed of 120 credit hours.

A distinctive feature of the program is its provision of 18 credits that allow students to tailor their degree. They can select a specialization from options like accounting, entrepreneurship, or marketing management.

The tuition rate per credit hour depends on the number of credits a student transfers or has.

Those with 59 or fewer credits face a rate of $626, while students with 60 or more credits are charged $671 per credit hour.

The University of Alabama

The University of Alabama offers an online Bachelor of Science in General Business degree, holding accreditation from the AACSB.

The 120-credit hour program requires that students possess a minimum of 61 credits to enroll in upper-division credits.

The curriculum is meticulously designed to prepare students for diverse roles, including product management, leadership, and human resources. As for the tuition, students can anticipate a cost of $385 for the 2023-2024 academic year.

How Much Does an Online Business Degree Program Cost?

The cost of an online business degree varies based on the institution's type (public or private), the degree level, and additional fees.

As of 2023, an online degree in business costs from $6,000 at an associate level, to $100,000+ at a master's level.

These costs can change based on factors like geographic location, program duration, and additional expenses like books. It's essential to research specific schools for exact costs and potential hidden fees.

How To Pay for an Online Business Degree

To pay for an online business degree students can consider the following. First, fill out the FAFSA for potential financial aid like grants and federal loans.

Search for scholarships online and inquire about grants. For those eligible, military benefits or tax credits can further offset expenses.

Finally, working part-time while studying or starting at a community college can be a cost-effective strategy. Always weigh the total costs against potential future earnings to make informed decisions.

Is an Online Business Degree Worth It?

An online business degree can offer flexibility and often costs less than traditional programs, making it suitable for those balancing with other commitments.

However, its value depends on the program's quality, potential career benefits, and students' personal learning styles.

If the degree aligns with your career and personal goals, is from a reputable institution, and leads to business job opportunities or advancements, it can be a worthwhile investment.

Find an Online Business Degree Program Today

In today's education environment, obtaining a quality business degree is more accessible than ever. Explore the online affordable business degrees in Michigan that align with your goals and aspirations and take a step closer to your desired career path.