The University of Michigan (U-M) is a public institution located in Ann Arbor, Michigan. The school was founded in 1817 is a place with deep traditions focused on creating brighter futures. With a mission to serve the people of the state, the school places a strong focus on creating, communicating, preserving, and applying knowledge, art, and academic values. The institution’s primary goal is to develop leaders and citizens who will challenge the present and work to enrich the future. Students are encouraged to think of themselves as the universities greatest value, as they possess the potential to have a positive impact on society.
Overview of University of Michigan (U-M)
In 1837 the University of Michigan relocated from Detroit to Ann Arbor. At the time, the institution was older than the city, which allowed the two to grow up and evolve together. The result is a vibrant and thriving community that is recognized as one of the best places to live, work, and play. With the University of Michigan contributing to the richness, diversity, and quality of life in the region, it is not surprising that Ann Arbor is considered one of the top college towns in the country.
The institution reports of a student population of 46,716, including full-time and part-time undergraduate and graduate students. Enrolled students can choose from a wide variety of academic programs that are accredited by top accrediting agencies. The university maintains accreditation from 15 different agencies including the Commission on Collegiate Nursing Education, American Bar Association, Accreditation Commission for Midwifery Education, and the National Association of Schools of Art and Design.
|Campus Setting||City: Midsize|
|Student Faculty Ratio||11:1|
Top Rankings For University of Michigan
#13 in Accounting Colleges
#19 in Education Colleges
#15 in Nursing Colleges
#13 in MBA Colleges
#5 in Finance Colleges
#3 in Part Time MBA
#1 in Michigan MBA Colleges
#1 in MBA Business Analytics Colleges
#2 in MBA Healthcare Management Colleges
#6 in AACSB MBA Schools
#1 MBA AACSB Accredited in Michigan
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U-M Acceptance Rate and Admissions
|High School GPA||Required|
|High School Rank||Considered but not Required|
|High School Transcripts||Required|
|College Prep Program||Required|
|TOEFL (Test of English as a Foreign Language)||Required|
|Application Deadline||February 1|
|Common Application Accepted||-|
U-M Tuition Cost & Financial Aid for University of Michigan
The estimated expenses for in-state, full-time, beginning undergraduate students at the University of Michigan – Ann Arbor were $15,292 during a recent academic year. Out-of-state students paid $49,476. In addition to these tuition and fees, students were also responsible for about $1,048 in books and supplies. Those living on campus also paid $11,534 for room and board.
The average graduate student tuition and fees for the same year were $23,456 for in-state students and $47,006 for out-of-state students.
Most University of Michigan – Ann Arbor students receive some form of financial aid. In fact, one out of every four in-state undergraduates pays no tuition at all after aid is calculated. Approximately 63% of full-time, beginning undergraduate students received grants, scholarships, federal work study, or loans. Of those, 50% were awarded scholarships or grants (funds that do not have to be repaid), and 32% took out loans (funds that must be repaid over time). The average amount scholarship and grant aid received was $19,323, while the average amount of loan aid approved was $7,099. The University of Michigan – Ann Arbor also provides free tuition for families with incomes below $65,000 and assets below $50,000.
|Average net price||2017-2018|
|Average Total Aid||$19,323|
|Students Receiving Financial Aid||63%|
|Room & Board||$11,534|
- Tuition In-State - $15,262
- Tuition Out-of-State - $49,350
- Books and Supplies - $1,048
- Room & Board - $11,534
- Other - $2,454
The University of Michigan – Ann Arbor is recognized as a leader in higher education across disciplines and around the world. With 19 degree-granting schools and colleges, students work with internationally recognized faulty and departments offering 275 distinct degree programs.
The faculty at University of Michigan – Ann Arbor is also notable. In addition to being leaders in their fields, some are also Pulitzer Prize and Guggenheim winners, National Academy of Science members, MacArthur Fellows, and even Emmy winners. Mentorship is important at the University of Michigan – Ann Arbor and students are encouraged to discuss and debate ideas with faculty. The student-faculty ratio is 15:1.
The University of Michigan – Ann Arbor also has a 97% retention rate for full-time, first-time students pursing bachelor’s degrees. Part-time students have a 94% retention rate. With a national average of 68%, the institution can boast one of the highest retention rates in the country. Statistics like this are an important indicator of overall student satisfaction. Based on the information provided, it is clear that the majority of individuals enrolled at the University of Michigan – Ann Arbor are happy with their experience.
Potential students should also look at the university’s graduation rate. Graduation rates provide valuable information regarding how many students ultimately graduate and how long it typically takes them. Most students plan to graduate in four years, but some institutions trend longer. The overall graduation rate at the University of Michigan – Ann Arbor for full-time, first-time students was 92% within six years.
Student Population Total
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Business Majors||654 Total Graduates / 9%|
|Finance & Accounting, General||-|
|Business Administration and Management||612 Graduates|
|All Engineering Majors||1136 Total Graduates / 16%|
|All Social Science Majors||779 Total Graduates / 11%|
|Economics, General||420 Graduates|
|Political Science and Government||240 Graduates|
|All Biological & Biomedical Majors||620 Total Graduates / 9%|
|Biology/Biological Sciences||87 Graduates|
|Medical Microbiology and Bacteriology||54 Graduates|
|All Computer Information Science Majors||227 Total Graduates / 3%|
|All Other Diplomas||52%|
Outcome & Salary
Most undergraduate students at the University of Michigan – Ann Arbor continue past their freshman year and go on to complete degrees within a four to six year period.
According to the 2019 Employment Report provided by the Michigan School of Information, 98% of 2018 graduates are working in their field of choice and 95% have high levels of job satisfaction. Additionally, 100% of PhD graduates reported jobs in their field of choice.
Bachelor of Science Information graduates reported average salaries of $75,000 and Master of Health Informatics graduates reported an average of $80,000. Master of Science in Information graduates working in the private sector reported an average salary of $98,000, while those in the public sector reported an average salary of $61,000. In general, Master of Science in Information academic programs saw a 10% salary average increase from the previous year.
The top industries University of Michigan – Ann Arbor graduates are working in:
|College Grads Early Career Salary||$63,500|
|College Grads Average Salary||$79,000|
|College Grads Mid Career Salary||$112,200|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$790,000|
|20 Year Salary Earnings Potential||$1,912,000|
|Cost of Education (Net Price) 4 Year||$67,424|
|10 Year Projected ROI||$722,576|
|20 Year Projected ROI||$1,844,576|
|No College Education Salary Comparison|
|National Average Salary||$38,792|
|10 Year Projected Income||$387,920|
|20 Year Projected Income||$775,840|
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