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Finance Schools in Michigan

This guide aims to provide you with information on master’s degrees in finance in Michigan. With numerous finance degree programs in the state, students have the opportunity to find the best program to fit their needs. Many master’s in finance degrees are offered through MBA programs, offering students the opportunity to specialize or concentrate in particular areas of the field. Students who need a more flexible or part-time finance master’s can pursue their finance master’s online or on nights and weekends. The guide below offers useful information on the different types of master of finance in Michigan and future career outlooks for individuals with degrees in finance.

Finance Program Stats

  • There are 31 four-year not-for-profit colleges and universities with finance degree programs in Michigan.1
  • 11 schools offer a master’s or advanced degree in finance.1

Institution-Wide Facts

  • Highest graduation rate*: Michigan State University 78%.1
  • Highest transfer-out rate*: Wayne State University 38%.1
  • Highest net price per year*: Concordia University Ann Arbor $23,106.1
  • Lowest net price per year*: Lake Superior State University $11,030.1
  • Annual undergraduate tuition range for finance programs in Michigan*: $11,019–$27,710.1
  • 3 schools in the Businessweek’s Top Business Undergraduate Programs in 2016: University of Michigan-Ann Arbor Ross School of Business (#8), Michigan State University Eli Broad College of Business (#20), University of Michigan-Dearborn (#70).2
  • 2 schools in the US News Best Business Graduate Schools in 2017 (top 100): University of Michigan- Ann Arbor Ross School of Business (#11), Michigan State University Eli Broad College of Business (#37) .3

*For not-for-profit 4-year colleges and universities that offer a finance degree program.

Schools in Michigan with Master’s in Finance Degrees

Traditional Master’s in Finance Programs

University of Michigan

The Ross School of Business at the University of Michigan in Ann Arbor offers a two-year MBA program with an internationally-oriented curriculum. In the first year, students focus on core courses and complete a seven-week, full-time project with a real company. This immersive project challenges students to create innovative solutions to problems for organizations in the United States and around the world. In the second year of the MBA program, students customize their courses, with options like the Fast Track in Finance program, a Healthcare or Sustainability Concentration, and a Real Estate Development Certificate. The Ross Business School also houses student investment funds and student finance clubs, as well as an active Career Development Office for post-graduation planning.

Michigan State University

The master of finance degree at Michigan State University’s Eli Broad College of Business is a challenging, accelerated one-year program. This Master of Science (MS) in Finance degree is meant for students looking to specialize in the financial field in areas such as financial analysis, asset management, corporate governance, or sales and trading. For those interested in a more general management education, MSU also offers a two-year MBA program. With small class sizes and a widely-renowned faculty, students receive individualized attention and work collaboratively with their peers. This master’s in business program focuses on well-rounded leadership skills and practical knowledge of the financial field.

Eastern Michigan University

At Eastern Michigan University’s College of Business, the Master of Business Administration (MBA) program focuses on applied knowledge, national and global contexts, and corporate ethics. Students take two and a half years, on average, to finish the 36-credit program, with many of the classes available in the evening or online. Students learn about communication strategies, analytical critical thinking, innovative problem-solving, and tools for ethical leadership. After completing a foundational curriculum, students can choose one of 14 areas of specialization, such as entrepreneurship, finance, international business management, and supply chain management. Students who hold an AACSB-accredited bachelor’s degree in business administration may waive all 18 foundation credits.

Online Master’s in Finance Programs

University of Michigan-Dearborn

The University of Michigan-Dearborn offers a dual MBA/Master of Science in Finance, which can be completed entirely on campus, online, or any combination of the two. This flexible program allows for full- or part-time enrollment, and some summer courses are available. The MBA courses focus on managing organizations and effective communication, while the master’s in finance classes emphasize analytical skills. This dual degree offers two concentrations, in corporate finance or investments. With an MBA and an MS in Finance, students gain both a broad managerial education and specialized training in the financial field.

Davenport University

At Davenport University, the business school offers a Master of Business Administration (MBA) with a finance concentration. This 39-credit finance program is meant for those just starting their business careers and mid- to senior-level managers looking to gain more professional skills. The business school develops business leaders who can think strategically and analyze operations. MBA students study topics such as financial analysis, investment planning, and evaluation of financial strategies. This program is available completely online, with 42% or students taking all their coursework via the online “global campus.”

Michigan Career Opportunities for Graduates

Michigan has many opportunities for those with advanced degrees in finance. With a gross state product of over $400 billion, which is the13th highest of all 50 states, Michigan’s economy is competitive and growing. Many of America’s large auto companies, such as General Motors and Ford, are headquartered in Michigan, as well as other companies like the Dow Chemical Company and Whirlpool. These large, growing businesses offer many corporate finance opportunities, from analyst positions to account management positions. Large metropolitan areas such as Detroit, Grand Rapids, and Lansing are home to local investment firms, financial consultants, and banks.

Michigan Finance Job Information

OccupationNumber EmployedAverage Salary
Business and Financial Operations Occupations194,440$69,340
Financial Analysts5,800$80,240
Financial Examiners690$72,380
Financial Managers13,670$120,380
Financial Specialists, All Other4,890$68,400
Personal Financial Advisors4,580$108,920

Data from the Bureau of Labor Statistics as of 2017.4

Michigan Salary and Job Outlook

Opportunities in finance in the state of Michigan are on par with national industry averages. For financial analysts in Michigan, the industry is projected to grow by 10.4% per year, resulting in 190 new job openings.5 Personal financial advisors, who earn on average $108,920 annually in Michigan (slightly less than the national average of $123,100), can expect to see the number of positions available statewide to grow at about the same as the national rate (29.6% annually).4,6 Financial manager positions in Michigan are expanding at about 8.9%, or 450 openings per year, higher than the national average of 6.8%.5 Though Michigan is not a large national financial hub, there are many statewide opportunities in the field for graduates with finance degrees.

Additional Resources

  • Michigan Government Finance Officers Association (MGFOA) – MGFOA connects public officials and finance professionals to promote quality in government finance. Professionals in all areas of finance, in state and local government, and the private and public sector, can network and learn from each other.
  • West Michigan Association of Financial Professionals (WMPFP) – A regional affiliate of the national Association for Financial Professionals, this organization is a resource for keeping up to date with industry trends as well as enabling networking between local finance professionals.

Directory of Michigan Master’s in Finance Programs

Albion College
611 E Porter St
Albion, MI 49224
(517) 629-1000
https://www.albion.edu/

Alma College
614 W Superior St
Alma, MI 48801
(989) 463-7111
https://www.alma.edu/

Andrews University
8975 Old US 31
Berrien Springs, MI 49104
(269) 471-7771
https://www.andrews.edu/

Aquinas College
1700 Fulton St E
Grand Rapids, MI 49506
(616) 632-8900
https://www.aquinas.edu/

Baker College
1050 W Bristol Rd
Flint, MI 48507
(800) 964-4299
https://www.baker.edu/

Central Michigan University
1200 S Franklin St
Mount Pleasant, MI 48859
(989) 774-4000
https://www.cmich.edu/Pages/default.aspx

Cleary University
3750 Cleary Dr
Howell, MI 48843
(800) 686-1183
https://www.cleary.edu/

Concordia University-Ann Arbor
4090 Geddes Rd
Ann Arbor, MI 48105
(734) 995-7300
https://www.cuaa.edu/

Cornerstone University
1001 East Beltline Ave
Northeast Grand Rapids, MI 49525
(616) 949-5300
https://www.cuaa.edu/

Davenport University
6191 Kraft Ave SE
Grand Rapids, MI 49512
(800) 686-1600
https://www.davenport.edu/

Eastern Michigan University
900 Oakwood St
Ypsilanti, MI 48197
(734) 487-1849
http://www.emich.edu/

Ferris State University
1201 S State St
Big Rapids, MI 49307
(231) 591-2000
https://ferris.edu/

Grand Valley State University
1 Campus Dr
Allendale, MI 49401
(616) 331-5000
https://www.gvsu.edu/

Hillsdale College
33 E College St
Hillsdale, MI 49242
(517) 437-7341
https://www.hillsdale.edu/

Lake Superior State University
650 W Easterday Ave
Sault Sainte Marie, MI 49783
(906) 632-6841
https://www.lssu.edu/

Madonna University
Schoolcraft Rd
Livonia, MI 48150
(734) 432-5300
https://www.madonna.edu/

Michigan State University
220 Trowbridge Rd
East Lansing, MI 48824
(517) 355-1855
https://msu.edu/

Michigan Technological University
1400 Townsend Dr
Houghton, MI 49931
(906) 487-1885
http://www.mtu.edu/

Northern Michigan University
1401 Presque Isle Ave
Marquette, MI 49855
(906) 227-1000
http://www.nmu.edu/

Northwood University
4000 Whiting Dr
Midland, MI 48640
(800) 622-9000
http://www.northwood.edu/

Oakland University
318 Meadow Brook Rd
Rochester, MI 48309
(284) 370-2100
https://www.oakland.edu/

Olivet College
320 S Main St
Olivet, MI 49076
(800) 456-7189
https://www.olivetcollege.edu/

Saginaw Valley State University
7400 Bay Rd
University Center, MI 48710
(989) 964-4000
http://www.svsu.edu/

Spring Arbor University
106 E Main St
Spring Arbor, MI 49283
(800) 968-9103
https://www.arbor.edu/

University of Detroit Mercy
4001 W McNichols Rd
Detroit, MI 48221
(313) 993-1245
https://www.udmercy.edu

University of Michigan-Dearborn
4901 Evergreen Rd
Dearborn, MI 48128
(313) 593-5000
https://umdearborn.edu/

University of Michigan-Flint
303 E Kearsley St
Flint, MI 48502
(810) 762-3300
https://www.umflint.edu/

Walsh College of Accountancy and Business Administration
3838 Livernois Rd
Troy, MI 48083
(248) 689-8282
https://www.walshcollege.edu/

Wayne State University
42 W Warren Ave
Detroit, MI 48202
(313) 577-2424
https://wayne.edu/

Western Michigan University
1903 W Michigan Ave
Kalamazoo MI 49008
(219) 387-1000
https://wmich.edu/

References:
1. National Center for Education Statistics (NCES): https://nces.ed.gov/collegenavigator/
2. Bloomberg, Best Undergraduate Business Schools 2016: https://www.bloomberg.com/features/2016-best-undergrad-business-schools/
3. US News & World Report, Best Business Schools in 2017: https://www.usnews.com/best-graduate-schools/top-business-schools/mba-rankings
4. Bureau of Labor Statistics, Occupational Employment Statistics, May 2016 State Occupational Employment and Wage Estimates, Michigan: https://www.bls.gov/oes/current/oes_mi.htm
5. Projections Central, Long Term Occupational Projections: http://www.projectionscentral.com/Projections/LongTerm
6. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016 13-2052 Personal Financial Advisors: https://www.bls.gov/oes/current/oes132052.htm