Small Business Schools In Michigan
Michigan has 36 accredited small business schools where small business faculty who teach small business classes can find employment. The graphs, statistics and analysis below outline the current state and the future direction of academia in small business in the state of Michigan, which encompasses small business training at the following levels:
- Small Business Certificate
- Associates degree in Small Business
- Bachelors degree in Small Business
- Masters degree in Small Business
Schools
Cities
Statistics
Professional Trends
Michigan Vs. National Small Business Employment
| Michigan | 36,840 |
| National | 1,708,080 |
Approximately 2% of the country's small business professionals work in Michigan state.
Employment Growth for Small business professionals In Michigan
| 40,010 | 34,850 | 35,760 | 34,440 | 36,840 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Yellow: Actual Values
Small Business is a shrinking field in Michigan. There were 3,170 less small business professionals working in Michigan in 2010, than there were in 2006. Thus, in Michigan, this field has shrunk by 8% in four years. This decline is faster than the national trend for small business professionals which shows a 3% increase in the number of small business professionals working around the nation.
Small Business VS. All Professions salaries in Michigan
| $94,290 | $99,950 | $99,810 | $103,160 | $106,400 |
| $45,563 | $47,071 | $48,208 | $48,728 | $49,286 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Light Blue: Small Business
- Dark Yellow: All Professions
As the number of small business professionals is declining, the salaries paid to small business professionals are increasing in Michigan. Small business professionals earned a yearly mean salary of $94,290 in 2006. They earned a yearly mean salary of $106,400 in 2010.
Salary percentiles for Small business professionals in Michigan
10th percentile |
$44,790 |
25th percentile |
$63,860 |
50th percentile |
$91,700 |
75th percentile |
$132,010 |
90th percentile |
$172,320 |
Thus, there was a 11% growth in small business professionals' salaries. State trends for all professions mirror this growth. In the state of Michigan, there is a huge variation in pay, within the field of small business. The pay differential between the highest paid small business professionals and those in the bottom 10% of the pay bracket is 285%
Average Salaries for Small business professionals and related professions in Michigan
Accounting |
$45,137 |
Advertising |
$76,052 |
Business Administration |
$86,443 |
Business Management |
$93,703 |
Finance |
$67,721 |
Forensic Accounting |
$64,903 |
Hospitality |
$33,364 |
Human Resources |
$65,407 |
International Business |
$89,963 |
Management |
$81,423 |
Marketing |
$85,278 |
Project Management |
$76,701 |
Property Management |
$47,100 |
Restaurant Management |
$53,400 |
Risk Management |
$75,860 |
Small Business |
$106,400 |
In Michigan, small business professionals earn, on average, more than professionals in related fields.
Educational Trends
Small Business programs available for each degree type for all schools in Michigan
associate |
21 |
bachelor |
10 |
master |
1 |
doctor |
0 |
Certificate |
20 |
| Total | 52 |
As the number of small business professionals is decreasing in Michigan state, the number of students graduating from the 36 accredited small business schools in Michigan state is increasing. In 2006 there were 313 small business graduates from small business courses in Michigan and in 2010 there were 329 graduates.
There was an increase in the number of small business school degree or certificate graduates in Michigan by 5%. A majority of these graduates, or 40%, graduated with a associate's degree in small business.