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Cheapest Finance and Financial Management Services Colleges in Michigan

Ranked by lowest net price after financial aid. See our methodology.

University of Michigan-Dearborn delivers the state's most affordable finance education at just $10,904 net price, yet graduates earn $54,252 annually. This represents strong value in a state where finance graduates can expect starting salaries ranging from $42,774 to nearly $60,219. Michigan's finance programs span 20 institutions with net costs reaching $21,019 at the top end. The state's automotive giants like Ford and GM, alongside growing fintech companies in Detroit, create steady demand for finance professionals who understand both traditional corporate finance and emerging digital payment systems. Public universities dominate the affordable options, with eight of the ten cheapest programs offered by state institutions. Oakland University graduates command the highest salaries at $59,982 despite a moderate $13,584 net cost. Meanwhile, private options like Baker College charge $15,171 but show concerning graduation rates of just 31.3 percent. Students benefit from Michigan's Achievement Scholarship covering up to $5,500 annually, making already affordable programs even more accessible for in-state residents.
28
Programs
$10,904 – $33,995
Net Price Range
$49,373
Avg. Program Earnings
56.5%
Avg. Graduation Rate

28 Finance and Financial Management Services Programs

Program rankings
# School Net Price In-State Tuition Graduation Rate Acceptance Rate
1 $10,904 $14,944 56.6% 54.1%
2 $12,202 $13,630 47.9% 87.9%
3 $12,280 $14,014 44.6% 66.4%
4 $13,584 $14,694 56.9% 90.1%
5 $14,368 $14,266 56.9% 76.9%
6 $14,582 $12,240 53.8% 76.4%
7 $14,773 $14,297 56.5% 75.3%
8 $15,171 $12,810 31.3% 36.7%
9 $15,729 $18,392 68.7% 93.7%
10 $16,041 $14,190 61.8% 79.0%
11 $16,882 $55,746 57.1% 66.5%
12 $17,084 $15,510 45.5% 83.2%
13 $17,096 $14,628 68.6% 90.4%
14 $17,485 $13,304 50.8% 70.6%
15 $18,597 $33,710 65.9% 91.3%
16 $18,701 $15,298 57.8% 84.6%
17 $19,988 $23,324 49.5% 98.9%
18 $20,751 $15,988 82.2% 88.0%
19 $20,899 $32,580 59.9% 47.3%
20 $21,019 $24,842 39.4% 67.5%
21 $21,158 $33,076 37.0% 84.6%
22 $21,504 $40,556 56.0% 69.1%
23 $22,384 $29,100 61.6% 81.8%
24 $24,663 $47,430 63.7% 64.7%
25 $24,783 $38,670 77.4% 74.2%
26 $26,409 $34,200 50.0% 70.2%
27 $26,429 $33,000 61.1% 79.7%
28 $33,995 $41,872 62.6% 81.9%

Frequently Asked Questions

What makes University of Michigan-Dearborn such good value for finance students?

At $10,904 net price, UM-Dearborn offers the lowest cost finance program in Michigan while delivering strong outcomes. Graduates earn $54,252 annually and carry relatively modest debt of $18,875. The 56.6 percent graduation rate exceeds several competing programs, and the 54.1 percent acceptance rate maintains selectivity without being overly restrictive.

How do public versus private finance programs compare in Michigan?

Public universities dominate the affordable end, with 14 of the 15 cheapest programs offered by state institutions. Private Baker College charges $15,171 but shows a concerning 31.3 percent graduation rate. Meanwhile, private Albion College at $16,882 achieves a much better 57.1 percent graduation rate, though still costs significantly more than comparable public options.

Where do Michigan finance graduates earn the highest salaries?

Oakland University graduates command the highest salaries at $59,982 annually, despite a moderate $13,584 net cost. Eastern Michigan University and Wayne State University also produce strong earners at $50,856 and $51,690 respectively. These salary differences often reflect proximity to Detroit's financial district and automotive headquarters.

Does the Michigan Achievement Scholarship help finance students?

The Michigan Achievement Scholarship covers up to $5,500 annually for in-state students, significantly reducing already affordable tuition costs. At Saginaw Valley State University, the scholarship could cover nearly half the $12,240 in-state tuition. This makes Michigan's public finance programs among the most accessible in the Midwest for qualified residents.

What graduation rates should students expect from affordable Michigan finance programs?

Graduation rates vary significantly among affordable options, ranging from 31.3 percent at Baker College to 68.7 percent at Michigan Technological University. Grand Valley State University achieves 68.6 percent graduation rates at just $17,096 net cost. Students should weigh both affordability and completion rates when choosing programs, as higher graduation rates often correlate with better career outcomes.

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Net price reflects the average cost after grants and scholarships for first-time, full-time students. See our methodology for details.