Best Online MBA Programs in Michigan

Getting an online MBA allows you to take that next big step for your business career—and that next big step for your paycheck, too. Keep reading to find out what the best online MBA programs are in the state of Michigan and what specializations you can choose.

The Master of Business Administration (MBA) is the standard by which all business degrees are measured. For many in the business world, earning an MBA is considered a necessity for advancing your career. This guide provides the information you need to find and succeed in your MBA program. We’ve surveyed all of the online MBA programs currently offered by top Michigan colleges and universities and identified those to consider first.

In this guide, we cover quality information and advice on MBA specializations and the importance of choosing the right one. Additionally, we cover the cost of online MBA programs in Michigan, financial aid opportunities to help you pay for your program, job outlooks and salaries for new MBA graduates, and much more. So, if you’re ready to take your business career to the next level, keep reading to discover how to earn your MBA from one of Michigan’s best programs in 2022.

Top Online MBA Programs in Michigan in 2022

We’re spotlighting five of the very best Michigan online MBA programs to get you started on your program search. Each of the five offers an exemplary combination of key program features, such as accreditation, affordability, curriculum comprehensiveness, study convenience and flexibility, and access to valuable student support services. When it comes to quality online Michigan MBAs, here are the programs that stand out the most in 2022.

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About the ranking
1
Ann Arbor, Michigan
Type:
Private not-for-profit
Cost:
$12,510

The online Master of Business Administration program at Concordia University–Ann Arbor (CUAA) is notable for its surprisingly large number of specialization options. Students can choose from among 14 specializations (see the list below). Also noteworthy is the program’s emphasis on experiential learning; students choose two experiential opportunity courses that include, among others, an industry leader seminar series, business coaching, an MBA internship, and short-term experiences, such as trips to local manufacturing plants and the Chicago Board of Trade plus study-abroad opportunities. 

CUAA’s MBA program is available with both fully-online and partially-online study options. No campus visits are required for fully-online students. Courses are presented in an asynchronous format. However, students are required to complete assignments by specific dates set by the instructor. The current per-credit tuition price is $799. Concordia offers a number of scholarships and other substantial financial aid opportunities for MBA students.

Program Highlights:

Credits: 36

Length: Varies by student’s study pace, 18 to 24 months on average, maximum of seven years

Cost: $799/credit

Format: Fully-online or partially-online (both options available)

Accreditation: Higher Learning Commission (HLC) (school); International Accreditation Council for Business Education (IACBE) (program)

Specialization Options:

  • Accounting
  • Communications and Public Relations
  • Finance
  • Healthcare Administration
  • Human Resource Management
  • Innovation and Entrepreneurship
  • Leadership
  • Management
  • Management Information Systems (STEM)
  • Nonprofit Management and Public Administration
  • Research for Business Applications
  • Sport and Entertainment Business
  • Strategic Marketing
  • Sustainability Management and Analytics (STEM)

School Services

Academic Counseling Yes
Career Placement Yes
Accreditation HLC
2
Dearborn, Michigan
Type:
Public
Cost:
$13,850

The Master of Business Administration program from the University of Michigan (UM)–Dearborn features a unique set of Applied Integrated Management (AIM) courses designed to prepare students to succeed in today’s complex global economy. The curriculum combines nine core business courses, three AIM courses (plus one AIM capstone project course), and three electives or courses in the student’s specialization (see the list below). The number of required core courses may vary if the student receives waivers. Students complete their programs entirely online with no required campus visits. Michigan residents pay $870/credit for the first eight credits taken in a semester. Additional credits cost $485. Scholarships and other funding opportunities are available.

Students applying to UM–Dearborn’s online MBA program can have a bachelor’s degree (or international equivalent) in any major. GMAT or GRE scores are required, though test scores may be waived for applicants with three years of professional work experience or an undergraduate degree in business or engineering (or other related credentials). Admission is on a rolling basis. Program starts are available for the fall and winter semesters (plus the summer session for part-time students).

Program Highlights:

Credits: 36 to 48 (depending on core course waivers)

Length: Varies

Cost: $870/credit (Michigan residents); $1,546/credit (out-of-state residents). Discounts available to students taking more than eight credits per semester.

Format: Fully-online or partially-online

Accreditation: HLC (school); Association to Advance Collegiate Schools of Business (AACSB) (program)

Specialization Options:

  • Accounting
  • Business Analytics (requires some on-campus attendance)
  • Finance
  • Human Resource Management (requires some on-campus attendance)
  • Information Systems Management
  • International Business
  • Marketing (requires some on-campus attendance)
  • Supply Chain Management (requires some on-campus attendance)

School Services

Academic Counseling Yes
Career Placement Yes
Accreditation HLC
3
Mount Pleasant, Michigan
Type:
Public
Cost:
$14,223

Eleven specialization choices are available to students in the Master of Business Administration program at Central Michigan University, all of which prepare graduates for executive-level leadership positions in today’s global business environment. The 36-credit curriculum includes 27 credits of core coursework in subjects such as strategic management, accounting, information systems, data analysis, marketing, financial analysis and risk management, and global business and sustainability. Students also complete nine credits in their specialization (see the list below). All core and specialization coursework may be completed asynchronously online. Both full-time and part-time options are available.

Applications are accepted on a rolling basis. Regular admission requirements include a bachelor’s degree in any major earned with a cumulative GPA of 2.7 or higher. Applicants not meeting the GPA requirement but demonstrating potential for success in the program may be admitted with stipulations and initial monitoring. The current tuition rate is $725 per credit. Discounts are available to active military, reservist, and guard members (and their spouses and qualifying dependents) as well as state of Michigan and federal employees.

Program Highlights:

Credits: 36

Length: One to two years

Cost: $725/credit

Format: Fully-online

Accreditation: HLC (school); AACSB (program)

Specialization Options:

  • Accounting
  • Business Data Analytics
  • Cybersecurity
  • Entrepreneurship
  • Finance
  • Health Systems Leadership
  • Human Resource Management
  • Information Systems (ERP using SAP software)
  • Logistics Management
  • Marketing
  • Project Management
  • Value-Driven Organization

School Services

Academic Counseling Yes
Career Placement Yes
Accreditation HLC
4
Big Rapids, Michigan
Type:
Public
Cost:
$7,908

Ferris State University, a public university located in the west Michigan town of Big Rapids, offers its Online Master of Business Administration program with eight specialization options (some surprisingly unique; see the list below), all of which can be completed 100% online. The 30-credit curriculum combines core business classes, specialized courses, and electives emphasizing the managerial perspective. Plus, prior to starting some core and elective courses, students must demonstrate foundational competencies in accounting, economics, marketing, and statistics through previous coursework or completion of online self-paced courses available through Ferris State. All U.S. residents pay the same tuition rate (currently $711/credit) regardless of where they’re located. Scholarships are offered through the school’s MyScholarships online portal.

Admission into Ferris State’s Online MBA program requires a bachelor’s degree from a regionally-accredited institution earned with a GPA of 3.0 or higher both overall and in junior and senior level courses. Students not meeting these requirements may be granted provisional admission and must complete nine credit hours of graduate coursework with a 3.0 GPA and correct all admission deficiencies to continue in the program. 

Program Highlights:

Credits: 30

Length: Three semesters (full-time); five semesters (part-time). May vary depending on the student’s study pace, with five years as the maximum.

Cost: $711/credit (U.S. residents); $1,072/credit (international students)

Format: Fully-online

Accreditation: HLC (school);  Accreditation Council for Business Schools and Programs (ACBSP) (program)

Specialization Options:

  • Business Intelligence
  • Design & Innovation Management
  • Incident Response
  • Lean Systems and Leadership
  • Marketing and Sales Leadership
  • Performance Metrics
  • Project Management
  • Supply Chain Management & Lean Logistics

School Services

Academic Counseling Yes
Career Placement Yes
Accreditation HLC
5
Spring Arbor, Michigan
Type:
Private not-for-profit
Cost:
$7,942

Study convenience and flexibility are key features of the online Master of Business Administration program at Spring Arbor University, a private institution affiliated with the Free Methodist Church. Offered through Spring Arbor’s Gainey School of Business, the program consists of 36 credits of core and specialization coursework culminating in the completion of a capstone experience. The curriculum is presented in a 100% online asynchronous format for all five specializations (see the list below). Both 12-month accelerated and 18-month part-time study options are available. 

Other features of Spring Arbor’s MBA program include a Student Success Coach who works with the student from the beginning of the program through graduation. All students are also eligible to participate in the program’s four-day International Business Summit in New York City.

Admission into the program requires a bachelor’s degree from a regionally-accredited college or university with a cumulative 3.0 GPA in the last two years of undergraduate coursework. Applicants must also provide at least two recommendation surveys provided by individuals with an academic or professional background. 

Program Highlights:

Credits: 36

Length: 12 months (accelerated); 18 months (part-time)

Cost: $752/credit

Format: Fully-online

Accreditation: HLC (school)

Specialization Options:

  • Executive Leadership
  • Healthcare Administration
  • Human Resource Development
  • Management
  • Organizational Consulting

School Services

Academic Counseling Yes
Career Placement Implied no
Accreditation HLC
6
Detroit, Michigan
Type:
Public
Cost:
$16,285

School Services

Academic Counseling Yes
Career Placement Yes
Accreditation HLC
7
Adrian, Michigan
Type:
Private not-for-profit
Cost:
$12,300

School Services

Academic Counseling Yes
Career Placement Yes
Accreditation HLC
8
Grand Rapids, Michigan
Type:
Private not-for-profit
Cost:
$13,920

School Services

Academic Counseling Yes
Career Placement Yes
Accreditation HLC
9
University Center, Michigan
Type:
Public
Cost:
$14,950

School Services

Academic Counseling Yes
Career Placement Yes
Accreditation HLC
10
Grand Rapids, Michigan
Type:
Private not-for-profit
Cost:
$15,696

School Services

Academic Counseling Yes
Career Placement Yes
Accreditation HLC
11
Rochester Hills, Michigan
Type:
Public
Cost:
$18,546

School Services

Academic Counseling Yes
Career Placement Yes
Accreditation HLC
12
Southfield, Michigan
Type:
Private not-for-profit
Cost:
$17,318

School Services

Academic Counseling Yes
Career Placement Yes
Accreditation HLC
13
Berrien Springs, Michigan
Type:
Private not-for-profit
Cost:
$27,936

School Services

Academic Counseling Yes
Career Placement Implied no
Accreditation HLC
14
Midland, Michigan
Type:
Private not-for-profit
Cost:
$37,080

School Services

Academic Counseling Yes
Career Placement Yes
Accreditation HLC

As the spotlights above indicate, many Michigan online MBA programs offer students the option of tailoring their studies to specialize in a particular area of business. Specializations (or concentrations) are a great way for MBA students to graduate with a built-in competitive advantage in the job market for positions in their chosen field. The importance of selecting the right specialization cannot be overstated, though, since that choice will likely play a significant role in the student’s future career trajectory.

Here are six of the most common specializations available through Michigan online MBA programs:

MBA with an Emphasis in Finance

The finance concentration focuses on the management of money and other assets (stocks, bonds, property, equipment, etc.) to prepare students to handle the financial needs of both businesses and individuals. Coursework covers subjects such as securities analysis, investment, risk management, real estate, banking, insurance, corporate strategy and valuation, domestic and international financial markets, and more.

Examples of Online MBA Programs in Michigan with this Specialization:

Eastern Michigan University

Wayne State University

University of Michigan–Dearborn

MBA with an Emphasis in Healthcare Administration/Management

This specialty is designed for MBA students interested in becoming leaders in the rapidly growing field of healthcare administration and management. Course topics include healthcare finance and marketing, leadership and human resource management, legal and ethical issues in healthcare, performance and improvement in healthcare services, and more. Graduates find employment at hospitals, nursing homes, and acute care facilities, as well as with healthcare providers and insurance companies, medical supply companies, and many others.

Examples of Online MBA Programs in Michigan with this Specialization

Kettering University

Saginaw Valley State University

University of Michigan–Flint

MBA with an Emphasis in Human Resource Management

Students opting for the human resources specialization develop effective leadership skills in communications, delegation, and decision-making in support of an organization’s most valuable asset: its employees. Subjects covered include strategic planning, fiscal management, employee recruitment, training and retention, compensation administration, negotiation and dispute resolution, employment laws and regulations, and more.

Examples of Online MBA Programs in Michigan with this Specialization

Davenport University

Oakland University

Spring Arbor University

MBA with an Emphasis in Information Systems Management

The information systems management specialization is designed for students seeking to lead IT departments in larger businesses and organizations. Course subjects include management information systems, data communication, network security, systems analysis and design, and legal and ethical issues in IT management. Students are also trained in the use of SAP business software, a skill in high demand throughout the business world today.

Examples of Online MBA Programs in Michigan with this Specialization

Concordia University

Central Michigan University

University of Michigan–Flint

MBA with an Emphasis in International Business/Global Leadership

The international business specialization prepares students for effective leadership on a global level. Students choosing this specialization gain knowledge and skills in areas such as international finance, global supply chain management, multinational marketing strategy, and cross-cultural relations. With global markets becoming a necessity for more and more organizations today, MBA graduates with these specialized skills have never been in higher demand.

Examples of Online MBA Programs in Michigan with this Specialization

Saginaw Valley State University

University of Michigan–Dearborn

Wayne State University

MBA with an Emphasis in Marketing

The marketing specialization provides students with the knowledge and skills required to develop and execute successful marketing strategies and campaigns for a business’s goods and services. Examples of courses offered in the specialization include strategic marketing, advertising and promotion management, market research and data analysis, digital marketing and social media, and global marketing strategies.

Examples of Online MBA Programs in Michigan with this Specialization

Davenport University

Eastern Michigan University

Ferris State University

Frequently Asked Questions About Earning Your MBA Online in Michigan

What is the average cost of an MBA program in Michigan?

Program costs for online MBA programs in Michigan vary, sometimes substantially. Major factors affecting cost include whether the school is public or private (private schools often charge a higher tuition rate than public schools) and whether the student legally resides in or outside of Michigan (many public schools charge a higher tuition rate to out-of-state residents). It’s also very important to include any financial aid benefits you’ll receive when calculating your program’s bottom line.

With all of that in mind, Michigan residents in public MBA programs should expect to pay something in the range of $30,000 to $35,000 total (tuition and fees) for their degrees. Out-of state residents in public MBA programs that charge out-of-state rates can expect costs of anywhere from $40,000 to $55,000. Some private program costs are surprisingly similar to those for public programs and others are quite a bit higher, with the price ranging from $30,000 to $50,000.

What does an MBA admissions process in Michigan look like?

Common application requirements for most Michigan online MBA programs include:

  • A bachelor’s degree in any major from a regionally-accredited college or university earned with a stated minimum GPA.
  • A current resume or CV.
  • Letters of recommendation.
  • Statement of purpose and/or personal essay.
  • Admission exam (GMAT/GRE) scores are typically required, although many programs waive the requirement for students meeting stated criteria (see below).

The MBA program at the University of Michigan–Flint provides a good example of the typical admission requirements for online MBA programs in Michigan. Bear in mind, though, that requirements differ from program to program, so be sure you understand exactly what’s required for any program you’re interested in before you apply.

How quickly can I earn an online MBA in Michigan?

That will likely depend on the study pace you follow. That’s because most online MBA programs in Michigan allow students a good amount of leeway when it comes to how many classes they take each semester and how long they take to complete all requirements. There are exceptions, though. One example is Michigan State University’s Hybrid Executive MBA, which has a set 20-month program length.

Additionally, accelerated-format MBA programs, like the one at Madonna University, can be completed in as little as one year. That being said, average completion times for most online MBA students in Michigan run from 18 months to three years. Also, most programs set a maximum program length. For example, Concordia University and the University of Michigan–Flint both set a maximum completion time of seven years for their MBA programs.

Is the GMAT required to get into an MBA program in Michigan?

Most Michigan online MBA programs have some form of admission test (GMAT or GRE) requirement. There are exceptions. For example, both the program at Spring Arbor University (spotlighted above) and the partially-online Executive MBA program at Michigan State University have no GMAT/GRE requirement. Programs with GMAT/GRE requirements often provide waivers to applicants who meet specific conditions. Examples include the University of Michigan–Dearborn (spotlighted above), which waives its GMAT/GRE requirement for applicants with either a bachelor’s degree in business or engineering or three years of professional work experience. The MBA program at Northern Michigan University provides GMAT/GRE waivers to applicants with either a master’s or doctorate degree or a cumulative undergraduate GPA of 3.0 or higher.

In Michigan, what is the ROI on an MBA vs a bachelor’s degree in business?

Return on investment (ROI) for a college degree refers to the total gain in money earned by the degree holder over a given period of time. There are numerous ways you can calculate the ROI of an MBA degree. One way is to compare how much more an MBA degree holder will earn over the course of a 40-year career versus someone with only a bachelor’s degree. For example, using recent figures taken from PayScale, the median annual base salary for professionals with an MBA degree is $92,000. That’s $22,000 a year more—a 31% increase—than the $70,000 median annual base salary for someone with just a bachelor of business administration degree. After subtracting the total cost of an MBA program (which we’ll put at $40,000 for this example) that’s a gain of approximately $840,000 over 40 years.

What accreditations should I look for in an online MBA program in Michigan?

There are two forms of accreditation to look for during your MBA program search: institutional and programmatic. Institutional accreditation concerns the vetting of colleges and universities as a whole. Institutional accreditation of U.S. postsecondary schools is overseen by a number of independent regional and national agencies recognized by the U.S. Department of Education.

Programmatic accreditation has to do with the approval of degree programs in a specific field. The best- known accreditation body for MBA programs in the United States, both online and on campus, is the Association to Advance Collegiate Schools of Business (AACSB). It’s not the only one, however. There are two other major MBA accreditors in the U.S.: the Accreditation Council for Business Schools and Programs (ACBSP) and the International Accreditation Council for Business Education (IACBE). Most Michigan online MBA programs have accreditation from one of these organizations. There are, however, some quality online MBA programs in Michigan without programmatic accreditation. Don’t dismiss these programs out-of-hand. Just make sure that they’re properly institutionally accredited and consider programmatic accreditation as one of the many factors you weigh in your program selection process.

Financial Aid and Scholarships for MBA Students in Michigan

If you’re like practically all prospective MBA students, you’re going to need some help to pay for your degree program. The good news is that a full range of financial aid sources is available to qualifying Michigan online MBA students. This includes scholarships and grants, assistantships, work-study jobs, employer tuition assistance programs, and VA benefits (for active duty military and veterans). Plus, don’t overlook the most popular financial aid source of all, the student loan (including those offered by the U.S. Department of Education). For more valuable information and advice on funding opportunities, be sure to check out OMD’s financial aid,employer tuition assistance and scholarships guides for online MBA programs.

Examples of scholarships offered by Michigan online MBA programs exclusively for their students include:

Broad Executive MBA Scholarships (Michigan State University)

Charles Erickson Rachor Memorial Scholarship (University of Michigan–Flint)

College of Business Graduate Admission Scholarship (University of Michigan–Dearborn)

Jeanette (Groh) and Neal Bench MBA Endowed Scholarship (Eastern Michigan University)

Margaret J. Pond Endowed Scholarship for MBA Students (Wayne State University)

Salary Potential for MBA Grads in Michigan

As mentioned earlier, many in the business world consider an MBA degree a necessity for anyone seeking meaningful advancement in their business career. What’s more, the market for new MBA graduates is very strong. According to this recent article from Fortune, MBA graduates in 2021 were earning base salaries of $115,000. And some industries, including tech and consulting, were offering starting pay packages climbing into the $200,000 to $400,000 range.

Those figures are impressive, but they’re not typical. They’re also not specific to the hiring of MBA graduates in Michigan. To give you an idea of just how the market is for Michigan MBA grads, we’ve put together the chart below with recent Michigan job growth and salary figures for five of the most popular job titles for MBA degree holders. What you actually earn will, of course, depend on several factors, including your specific job title, your specific employer, your geographic location within Michigan, and how many years of professional experience you have.

Job Growth Rate (2020-2030) Average Annual Openings (2020-2030) Annual Mean Wage (2021)

Financial Managers

17.6%

1,490

$134,470

General and Operations Managers

11.9%

6,550

$112,740

Human Resources Managers

9.9%

360

$120,150

Marketing Managers

9.8%

500

$128,900

Medical and Health Services Managers

31.5%

1,510

$107,820

Sources: Projections Central;Bureau of Labor Statistics

Resources for Online MBA Students and Professionals in Michigan