Property Management Schools In Michigan
Michigan has 13 accredited property management schools where property management faculty who teach property management classes can find employment. Below are statistics and other relevant data to help analyze the state of property management and property management training in Michigan, which includes property management training at the following levels:
- Property Management Certificate
- Associates degree in Property Management
- Bachelors degree in Property Management
- Masters degree in Property Management
- PhD degree in Property Management
Schools
Cities
Statistics
Professional Trends
Michigan Vs. National Property Management Employment
| Michigan | 4,860 |
| National | 147,110 |
Of all of the property management professionals in the country, nearly 3% are in the state of Michigan.
Employment Growth for Property management professionals In Michigan
| 2,680 | 3,010 | 4,090 | 4,560 | 4,860 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Yellow: Actual Values
In Michigan, property management is a growing field. There were 2,180 more property management professionals working in Michigan in 2010, than there were in 2006. This represents a 81% growth in the field. This is faster than the trend for property management professionals around the US. Nationally, the number of property management professionals has shrunk by 6% between 2006 and 2010.
Property Management VS. All Professions salaries in Michigan
| $51,800 | $56,130 | $54,150 | $52,110 | $47,100 |
| $45,563 | $47,071 | $48,208 | $48,728 | $49,286 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Light Blue: Property Management
- Dark Yellow: All Professions
The salaries paid to property management professionals are declining in Michigan. In 2006 property management professionals made a mean salary of $51,800 per year, and in 2010 they made $47,100 per year.
Salary percentiles for Property management professionals in Michigan
10th percentile |
$21,300 |
25th percentile |
$30,690 |
50th percentile |
$40,770 |
75th percentile |
$56,150 |
90th percentile |
$79,910 |
This represents a decline in salaries of 10%. This decline is quite different from state trends for all professionals. Within the field of property management, there is a huge variation in pay, with the highest paid property management professionals earning 275% more money than those in the bottom 10% of the pay bracket in Michigan state.
Average Salaries for Property management professionals and related professions in Michigan
Business Administration |
$86,443 |
Business Management |
$93,703 |
Property Management |
$47,100 |
Small Business |
$106,400 |
In Michigan, property management professionals earn, on average, less than professionals in related fields.
Educational Trends
Property Management programs available for each degree type for all schools in Michigan
associate |
6 |
bachelor |
5 |
master |
1 |
doctor |
1 |
Certificate |
6 |
| Total | 19 |
The number of students graduating from the 13 accredited property management schools in Michigan is increasing. In 2006, 141 students graduated from property management courses in Michigan. And in 2010, 189 students graduated.
There was an increase in the number of property management school degree or certificate graduates in Michigan by 34%. Most of these graduates, or 32%, earned a associate's degree in property management.