Finance Schools
In Detroit, Michigan
In Detroit, there is only one finance school where finance faculty can find employment. The graphs, statistics and analysis below outline the current state and the future direction of academia in finance in the city of Detroit, which encompasses finance training at the following levels:
- Bachelors degree in Finance
- Masters degree in Finance
Statistics
Professional Trends
Detroit Vs. Michigan Finance Employment
| Detroit | 11,240 |
| Michigan | 66,470 |
Exactly 11,240 of Michigan's 66,470 finance professionals work in Detroit. There has been a 1% decline in the number of finance professionals in Detroit between the years 2006 and 2010. As the employment for finance professionals in Detroit has decreased, overall employment in Detroit has increased.
Detroit Vs. Michigan Finance employment growth
| 72,830 | 71,730 | 72,400 | 69,140 | 66,470 |
| 11,360 | 15,390 | 13,730 | 11,780 | 11,240 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Grey: Michigan
- Dark Yellow: Detroit
Finance VS. All professions salaries in Detroit
| $68,740 | $68,510 | $68,127 | $70,380 | $68,386 |
| $46,670 | $47,590 | $46,920 | $46,900 | $47,530 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Light Blue: Finance in Detroit
- Dark Yellow: All Professions in Detroit
Salaries for finance professionals in Detroit have decreased. In 2010 Detroit finance professionals earned an average yearly salary of $68,386. Finance professionals in Detroit made a yearly average salary of $68,740, four years earlier in 2006. The decline in the salary of finance professionals in Detroit is slower than the salary trend for all careers in the city.
Salary percentiles for Finance professionals in Detroit
10th percentile |
$40,951 |
25th percentile |
$48,407 |
50th percentile |
$60,786 |
75th percentile |
$82,046 |
90th percentile |
$96,860 |
Detroit finance professionals earn a median yearly salary of $60,786. The 10% of finance professionals in the lowest pay bracket earn less than $40,951 per year, while those in the highest pay bracket earn approximately 137% higher salaries.
Average Salaries for Finance professionals and related professions in Detroit
Accounting |
$43,572 |
Finance |
$68,386 |
Risk Management |
$69,960 |
Business Administration |
$98,535 |
Business |
$100,254 |
International Business |
$100,932 |
Marketing |
$101,190 |
Business Management |
$114,933 |
Small Business |
$120,550 |
Detroit finance professionals have earnings that are lower than the salaries earned by others in related fields, on average.
Educational Trends
Finance schools in Detroit
Many of Detroit's finance professionals are graduates of the only accredited finance school in the city.
Finance Programs Offered In Detroit
associate |
0 |
bachelor |
1 |
master |
1 |
doctor |
0 |
Certificate |
0 |
| Total | 2 |
There are a total of 2 degree and certificate programs in finance offered by Detroit's finance schools.
Student Completed Finance Degrees In Detroit
associate |
0 |
bachelor |
79 |
master |
8 |
doctor |
0 |
Certificate |
0 |
| Total | 87 |
Approximately 87 students completed finance courses in 2010.