Michigan Business Degree Salary

By Henry R. Steele - June 25, 2018
Reading Time: 7 minutes

The following article discusses the salary and career outlook for graduates with a MBA, Graduate or Undergraduate Business degree in Michigan. Learn about the demand, salary outlook, top employers, job titles, as well as education options for campus and online Business degree programs for graduates in Michigan.

Business Snapshot

Avg US Salary

$70,129

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Avg Michigan Salary

$75,311

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State vs National

Ranked 6th

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Total Job Postings

7,893

Job Type

Full-Time

Min Education Level

Bachelor’s Degree

Recommended Degree

Masters or MBA

Most Common Degree

Business/Management

Most Common Experience Level

Mid Level

*Data based on job title of Business Development Manager

Michigan Business Demand

Michigan has been long known for its huge automotive industry that has employed millions of workers and business professionals over the years. Increased competition from overseas as well as the Great Recession led to economic problems for the state, including the bankruptcy of General Motors. However, after the US government bailout of GM and Chrysler, the companies eventually repaid most of their debt and today, the US auto industry being led by Michigan and a few other states, sold more cars and trucks in 2015 than any other year.

Approximately 175,000 people still work in the transportation equipment manufacturing sector in Michigan, making this a strong area of employment for business graduates. Other industries to consider that actually outrank manufacturing in the state are trade, transportation and utilities, professional and business services, government and health and education. The unemployment rate in Michigan is 4.6%, ranking it #42 in the US. The state also boasts a low cost of living that makes it attractive for many business professionals starting their careers.

National Business Salary Outlook

The national average estimate for Business Development Manager was $70,129. This number is estimated from over 18,908 salaries and job advertisements from Indeed.com. This equates to an hourly salary of $36.530 and monthly of $5,844.

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$14,000

$176,000

Salary Distribution

Michigan Business Salaries by Career

The following Business career paths show the average salary derived from job postings in Michigan.

Finance Manager$81,110 Rank: 19th
The average salary ranks 19th among states in the country. This equates to an hourly salary of $42.240 and monthly of $6,759. There were job openings from employers like Boston Market | Boston Market Corporation, United States Postal Service, G-TECH Services, Inc., and Robert Half Finance & Accounting. Further, 80% of these employers were seeking Full-time workers. Others such as Commission, Part-time, Internship, Temporary, Contract were also available. Most jobs for Finance Manager required an applicant to have Mid Level experience.

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$17,000

$191,000

Salary Distribution
Business Analyst$74,933 Rank: 16th
The average salary ranks 16th among states in the country. This equates to an hourly salary of $39.030 and monthly of $6,244. There were job openings from employers like Blue Cross Blue Shield of Michigan, Whirlpool Corporation, Accenture, and AF Group. Further, 83% of these employers were seeking Full-time workers. Others such as Contract, Part-time, Temporary, Commission, Internship were also available. Most jobs for Business Analyst required an applicant to have Mid Level experience.

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$29,000

$140,000

Salary Distribution
Business Consultant$65,950 Rank: 23rd
The average salary ranks 23rd among states in the country. This equates to an hourly salary of $34.350 and monthly of $5,496. There were job openings from employers like Office Depot OfficeMax, Millennium Wireless, AT&T | MWT, Inc, and Accenture. Further, 75% of these employers were seeking Full-time workers. Others such as Temporary, Internship, Part-time, Commission, Contract were also available. Most jobs for Business Consultant required an applicant to have Entry Level experience.

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$15,000

$151,000

Salary Distribution
Business Development Manager$75,311 Rank: 6th
The average salary ranks 6th among states in the country. This equates to an hourly salary of $39.220 and monthly of $6,276. There were job openings from employers like Eaton, Approved Cash Advance, IHA Health Services, and Starboard Group Management Company. Further, 87% of these employers were seeking Full-time workers. Others such as Temporary, Internship, Part-time, Contract, Commission were also available. Most jobs for Business Development Manager required an applicant to have Mid Level experience.

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$15,000

$183,000

Salary Distribution
Business Operations Manager$64,459 Rank: 11th
The average salary ranks 11th among states in the country. This equates to an hourly salary of $33.570 and monthly of $5,372. There were job openings from employers like Speedway LLC, Yadav – TGIF, Dollar Tree, and IHA Health Services. Further, 89% of these employers were seeking Full-time workers. Others such as Temporary, Part-time, Internship, Contract, Commission were also available. Most jobs for Business Operations Manager required an applicant to have Entry Level experience.

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$17,000

$140,000

Salary Distribution
Chief Operating Officer$107,047 Rank: 20th
The average salary ranks 20th among states in the country. This equates to an hourly salary of $55.750 and monthly of $8,921. There were job openings from employers like Henry Ford Health System, Jo-Ann Fabric and Craft Stores, Memorial Healthcare, and Hospice Care of Southwest Michigan. Further, 74% of these employers were seeking Full-time workers. Others such as Commission, Part-time, Contract were also available. Most jobs for Chief Operating Officer required an applicant to have Mid Level experience.

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$21,000

$260,000

Salary Distribution
Chief Technology Officer$127,270 Rank: 16th
The average salary ranks 16th among states in the country. This equates to an hourly salary of $66.290 and monthly of $10,606. There were job openings from employers like Dematic, Beaumont Health, Eaton, and Great Lakes Water Authority. Further, 88% of these employers were seeking Full-time workers. Others such as Contract, Commission, Part-time, Temporary were also available. Most jobs for Chief Technology Officer required an applicant to have Mid Level experience.

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$38,000

$268,000

Salary Distribution
Human Resources Manager$74,599 Rank: 7th
The average salary ranks 7th among states in the country. This equates to an hourly salary of $38.850 and monthly of $6,217. There were job openings from employers like Quality Dairy | Quality Dairy Company, Starboard Group Management Company, United States Postal Service, and Lids. Further, 80% of these employers were seeking Full-time workers. Others such as Contract, Temporary, Commission, Part-time, Internship were also available. Most jobs for Human Resources Manager required an applicant to have Entry Level experience.

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$20,000

$164,000

Salary Distribution
Marketing Manager$71,830 Rank: 2nd
The average salary ranks 2nd among states in the country. This equates to an hourly salary of $37.410 and monthly of $5,986. There were job openings from employers like Speedway LLC, Advantage Solutions, Bob Evans Restaurants, and Starboard Group Management Company. Further, 81% of these employers were seeking Full-time workers. Others such as Part-time, Temporary, Internship, Commission, Contract were also available. Most jobs for Marketing Manager required an applicant to have Entry Level experience.

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$14,000

$174,000

Salary Distribution
Operations Manager$60,432 Rank: 28th
The average salary ranks 28th among states in the country. This equates to an hourly salary of $31.480 and monthly of $5,036. There were job openings from employers like Speedway LLC, Spencer’s Gifts, Spencer Gifts and Spirit Halloween, and Journeys. Further, 87% of these employers were seeking Full-time workers. Others such as Internship, Commission, Contract, Temporary, Part-time were also available. Most jobs for Operations Manager required an applicant to have Entry Level experience.

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$14,000

$142,000

Salary Distribution
Product Manager$88,368 Rank: 24th
The average salary ranks 24th among states in the country. This equates to an hourly salary of $46.030 and monthly of $7,364. There were job openings from employers like Collage.com, Ford Motor Company, MSX International, and G-TECH Services, Inc.. Further, 84% of these employers were seeking Full-time workers. Others such as Internship, Commission, Part-time, Temporary, Contract were also available. Most jobs for Product Manager required an applicant to have Mid Level experience.

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$36,000

$162,000

Salary Distribution
Project Manager$72,858 Rank: 30th
The average salary ranks 30th among states in the country. This equates to an hourly salary of $37.950 and monthly of $6,072. There were job openings from employers like Rite Aid, EATON, ZF, and Panera Bread. Further, 85% of these employers were seeking Full-time workers. Others such as Commission, Internship, Contract, Part-time, Temporary were also available. Most jobs for Project Manager required an applicant to have Mid Level experience.

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$21,000

$154,000

Salary Distribution
Sales Manager$69,270 Rank: 10th
The average salary ranks 10th among states in the country. This equates to an hourly salary of $36.080 and monthly of $5,773. There were job openings from employers like Spencer Gifts and Spirit Halloween, WALGREENS, Speedway LLC, and CVS Health Retail. Further, 82% of these employers were seeking Full-time workers. Others such as Commission, Internship, Contract, Temporary, Part-time were also available. Most jobs for Sales Manager required an applicant to have Entry Level experience.

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$14,000

$168,000

Salary Distribution

Best Cities for Business in Michigan

The following list of Michigan cities show the largest number of job postings for Business careers:

City # of Employers Average Salary
Detroit 114 $103,560
Saginaw 61 $81,282
Grand Rapids 42 $65,488
Troy 38 $79,444
Novi 32 $85,629
Calumet 25 $117,465
Auburn Hills 23 $89,691
Ann Arbor 15 $63,980
Livonia 14 $58,957
Warren 14 $52,335
Farmington Hills 12 $91,430
Lansing 10 $54,497
Dearborn 9 $66,951
Holland 5 $24,172
Roseville 5 $33,096

Top Michigan Employers for Business

The following list analyzes the top employers in Michigan hiring students and professionals in the business, management and executive fields:

Employer Name Average Salary

Michigan Campus-Based Business Degrees

The following campus-based colleges offer Business degrees for Michigan students:

Michigan Online Business Degrees

The following online-based degree programs are available for Michigan business students.

Disclaimer: All salary numbers and figures are will vary depending on several factors such as level of education, college/university attended, amount of experience, industry, company size and location.

Sources: Sources for the above salary, employer and jobs data was aggregated through Indeed.com and BLS.gov

Henry R. Steele
Henry R. Steele
Managing Editor
Henry is Managing Editor of BusinessStudent.com. He is a seasoned business professional who regularly consults with local business's throughout Southern California. Henry pursued his undergrad in Business and Economics at the University of San Diego and gained valuable life changing experience through a unique internship upon graduation.Follow on Twitter.com

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