Best 15 Business Schools in Michigan in 2024 [Updated]

January 26, 2024 | Admin

Business Schools in Michigan

Business degrees are coveted and versatile credentials that are the gateway to high-paying and fulfilling jobs and career paths. Business firms are always looking for talented employees with up-to-date business skills and the ability to communicate well in the business world.

Top 5 Business Schools in Michigan

Rank School Location
1University of MichiganAnn Arbor, Michigan
2Michigan State UniversityEast Lansing, Michigan
3Central Michigan UniversityMount Pleasant, Michigan
4University of Michigan – DearbornDearborn, Michigan
5Lake Superior State UniversitySault Ste. Marie, Michigan

The Wolverine State has some of the nation’s top business schools. In addition to providing top graduates for firms in Michigan, graduates from the state’s best universities work across the nation and the globe.

Michigan is well-endowed with schools offering undergraduate degrees in business and related fields. We provide a value-ordered list of the top business schools in Michigan below.

The Top 15 Best Business Schools in Michigan


University of Michigan

  • Ann Arbor, Michigan
  • Graduation Rate: 91%

The University of Michigan at Ann Arbor is a world-class university with over 630,000 alumni living across the globe. Business is one of the most popular academic programs here: The school is ranked 6th out of 1,192 colleges for business in the United States. Graduates of the Ross School of Business at Ann Arbor have a 96% placement rate. Admission is competitive with an undergraduate acceptance rate of 23%. A breathtaking 92% of students complete their undergraduate degree at Ann Arbor.

School Overview

Average Cost: $16,856 per year
Undergraduate Enrollment: 29,245
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Michigan State University

  • East Lansing, Michigan
  • Graduation Rate: 78%

MSU is the first land-grant university in the United States and is home to the Eli Broad College of Business. Students can concentrate on a wide variety of business programs, including accounting, entrepreneurship, management, and marketing. Students who attend fiercely support their school, especially against its arch-foe in sports, the University of Michigan. Upon graduation, over 92% of graduates from the Eli Broad College of Business find employment.

School Overview

Average Cost: $16,227 per year
Undergraduate Enrollment: 39,176
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Central Michigan University

  • Mount Pleasant, Michigan
  • Graduation Rate: 57%

Established in 1892, CMU is a highly acclaimed public institution. Business and marketing are among the top five undergraduate degree programs at Central Michigan. Student life and diversity aspects are ranked highly at CMU. Graduates of the university tend to do well: the average undergraduate earns over $40,000 within six years of their graduation.

School Overview

Average Cost: $14,372 per year
Undergraduate Enrollment: 14,264
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University of Michigan – Dearborn

  • Dearborn, Michigan
  • Graduation Rate: 53%

The University of Michigan – Dearborn ranks highly in our survey in part because of its rock-bottom value proposition. The average net cost for undergraduate students is $10,533 per year with over 95% of students receiving financial aid. Placement after graduation ranks high as well, with 88% of students reporting meaningful employment 2 years after graduation.

School Overview

Average Cost: $10,533 per year
Undergraduate Enrollment: 5,238
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Lake Superior State University

  • Sault Ste. Marie, Michigan
  • Graduation Rate: 74%

Business is one of the top five degree programs at Lake Superior State. If you are looking for value-based education in a small-school setting, this may be a good selection for you. Because of its proximity to the Canadian border, and the twin city of Sault Ste. Marie, Ontario, the university has many Canadian students and maintains close connections with its neighbor to the north.

In addition, this university is a good choice for the outdoors enthusiast, surrounded by three great lakes and abundant forests.

School Overview

Average Cost: $11,272 per year
Undergraduate Enrollment: 1,669
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Hillsdale College

  • Hillsdale, Michigan
  • Graduation Rate: 84%

Hillsdale is a small yet highly-rated, non-denominational private college founded in 1844. Finance and marketing are among the top degree programs here. Students really like attending Hillsdale as indicated by its very high 87% undergraduate graduation rate. Additionally, 98% of students receive financial aid at Hillsdale College.

School Overview

Average Cost: $21,918 per year
Undergraduate Enrollment: 1,413
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Oakland University

  • Rochester, Michigan
  • Graduation Rate: 46%

Located on a beautiful campus just north of Metropolitan Detroit, this public institution offers real value for your educational dollar. The AACSB-accredited programs in the Oakland University School of Business Administration prepares students with the right balance of academics and experience in small classes led by expert faculty across 9 majors. Frequent connections with industry leaders through a dedicated career preparation program mean Oakland business graduates are poised to launch successful and satisfying careers. Recent graduates report a 94% placement rate with a $49,728 average starting salary.

School Overview

Average Cost: $12,384 per year
Undergraduate Enrollment: 12,656
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Michigan Technical University

  • Houghton, Michigan
  • Graduation Rate: 67%

The Michigan Technological University College of Business boasts an accredited program centered on building future-proof careers of tomorrow. Each of its eight undergraduate majors—accounting, construction management, economics, engineering management, finance, management, management information systems, and marketing—offers a uniquely high-tech experience.

School Overview

Average Cost: $17,175 per year
Undergraduate Enrollment: 5,465
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Grand Valley State University

  • Allendale Charter Township, Michigan
  • Graduation Rate: 66%

Located in western-central Michigan 12 miles west of Grand Rapids, this large public university offers undergraduate degrees in finance, marketing, and accounting. GVSU is generous, offering $285 million in financial aid. Potential employers flock to this university, with 1,5640 of them participating in on-campus events and interviews in recent years.

School Overview

Average Cost: $17,812 per year
Undergraduate Enrollment: 19,233
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Madonna University

  • Livonia, Michigan
  • Graduation Rate: 42%

This private, Catholic university, led by the Felician Sisters, offers several undergraduate degree programs in the business arena, including international business, accounting, marketing, and management. Its small size may be appealing, with an average faculty to student ratio of 12:1. Madonna University is located on the western side of the Detroit metro area.

School Overview

Average Cost: $22,671 per year
Undergraduate Enrollment: 1,431
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Olivet College

  • Olivet, Michigan
  • Graduation Rate: 48%

Olivet is a small private, Christian college founded in 1844 in south-central Michigan. It is affiliated with the United Church of Christ. Popular degree programs include business, financial planning, and insurance. If you’re looking for aid, this may be the right place, with 100% of undergraduates receiving some form of financial assistance. Because of its relatively small enrollment, the faculty-to-student ratio is quite low.

School Overview

Average Cost: $17,175 per year
Undergraduate Enrollment: 933
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Albion College

  • Albion, Michigan
  • Graduation Rate: 71%

If you are looking for a small college experience in southern Michigan, then Albion may be right for you. Albion offers degree programs in finance, economics, accounting, and business. It boasts a small 11:1 student-to-faculty ratio. Noteworthy is that all students receive some type of financial assistance.

School Overview

Average Cost: $17,184 per year
Undergraduate Enrollment: 1,509
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Ferris State University

  • Big Rapids, Michigan
  • Graduation Rate: 49%

Business is the second-most-popular undergraduate degree program at FSU. Known as a practical, career-oriented public university, this may be a hidden gem on your radar screen. Located in western Michigan near the Huron-Manistee National Forest, it is quite popular with its students as all classes are taught by college faculty, not graduate assistants.

School Overview

Average Cost: $13,351 per year
Undergraduate Enrollment: 8,079
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University of Michigan – Flint

  • Flint, Michigan
  • Graduation Rate: 50%

The school offers great value along with a smaller size which is sometimes difficult to find in public universities. Business and accounting are popular undergraduate programs at UM-Flint. The small class size is appealing to those who prefer a high-quality student-faculty experience.

School Overview

Average Cost: $12,519 per year
Undergraduate Enrollment: 3,674
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Western Michigan University

  • Kalamazoo, Michigan
  • Graduation Rate: 52%

This large public university in Kalamazoo offers degrees in marketing, business, finance, and accounting. WMU degrees are put to good use, with 94% of graduates being employed after 2 years, compared to the national average 0f 83%. The acceptance rate is high as well, at 81%. The school boasts more than 300 registered student organizations, making it a place for almost any type of student.

School Overview

Average Cost: $15,863 per year
Undergraduate Enrollment: 14,983
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If you’re looking to start your search for the best business school in Michigan, or already have some idea of what you’d like to study, the schools on this ranked list will be of interest to you. As you can see, we look at a wide spectrum of school types, ranging from small private institutions to large state universities and everything in between.

We know that finding the best school to help you achieve your dream of a business degree is a big challenge. Therefore, we work hard to develop rankings of the best business schools. These rankings are assembled based on criteria that students value the most. For even more schools, check out our online business degree page.

Ranking Methodology

School ranking is based on a fifty-percent weighting of two normalized factors considered to be of paramount importance: Net cost per year to attend and graduation rate. Net cost figures represent the average annual cost of attendance minus the average aid package awarded. It essentially represents the value proposition of attending the school. The graduation rate is the percentage of undergraduate students that actually finish their program, graduate, and receive their degree. Its importance lies in the fact that the students achieve what they intended to do. Additionally, it reflects the fact that all other components, such as social and diversity aspects, are sufficiently good that students stay the course.

The net cost information (average total cost after average aid received) was gathered from Niche. Enrollment is for total undergraduate numbers as gathered from Google. Other school facts were gathered from Google as well.

If you represent one of the listed schools and notice an error please contact us so that we can make an update.

Find the program that’s right for you

Whether you’re trying to start your career or make a big change, we can help you find the perfect school to help you reach your goals.

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