Finance Schools In Michigan
Finance classes faculty can choose to work at one of 32 accredited finance schools in Michigan. The graphs, statistics and analysis below outline the current state and the future direction of academia in finance in the state of Michigan, which encompasses finance training at the following levels:
- Finance Certificate
- Associates degree in Finance
- Bachelors degree in Finance
- Masters degree in Finance
- PhD degree in Finance
Schools
Cities
Statistics
Professional Trends
Michigan Vs. National Finance Employment
| Michigan | 66,470 |
| National | 2,457,330 |
Of all of the finance professionals in the country, nearly 3% are in the state of Michigan.
Employment Growth for Finance professionals In Michigan
| 72,830 | 71,730 | 72,400 | 69,140 | 66,470 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Yellow: Actual Values
The number of finance professionals is shrinking in Michigan. 6,360 less finance professionals were working in Michigan in 2010, than there were in 2006. So, in four years, the number of finance professionals has shrunk by 9%. This decline is faster than the national trend for finance professionals which shows a 1% decrease in the number of finance professionals working around the nation.
Finance VS. All Professions salaries in Michigan
| $66,532 | $67,688 | $69,646 | $67,102 | $67,721 |
| $45,563 | $47,071 | $48,208 | $48,728 | $49,286 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Light Blue: Finance
- Dark Yellow: All Professions
The salaries paid to finance professionals are growing in Michigan. The mean salary for finance professionals in 2006 was $66,532 per year. And in 2010 the mean salary was $67,721 per year.
Salary percentiles for Finance professionals in Michigan
10th percentile |
$38,032 |
25th percentile |
$47,960 |
50th percentile |
$60,585 |
75th percentile |
$79,228 |
90th percentile |
$107,750 |
This represents a 2% growth in salaries. State trends for all professions mirror this growth. Within the field of finance, there is a huge variation in pay, with the highest paid finance professionals earning 183% more money than those in the bottom 10% of the pay bracket in Michigan state.
Average Salaries for Finance professionals and related professions in Michigan
Accounting |
$45,137 |
Business |
$92,558 |
Business Administration |
$86,443 |
Business Management |
$93,703 |
Finance |
$67,721 |
International Business |
$89,963 |
Marketing |
$85,278 |
Risk Management |
$75,860 |
Small Business |
$106,400 |
In Michigan, finance professionals earn, on average, less than professionals in related fields.
Educational Trends
Finance programs available for each degree type for all schools in Michigan
associate |
4 |
bachelor |
44 |
master |
12 |
doctor |
1 |
Certificate |
10 |
| Total | 71 |
The number of students graduating from the 32 accredited finance schools in Michigan is increasing. In 2006 there were 312 finance graduates from finance courses in Michigan and in 2010 there were 1,545 graduates.
This represents a 395% increase in the number of finance degree or certificate school graduates in Michigan state. 62% of these graduates received a bachelor's degree in finance.