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Colleges & Universities in Michigan

Author.Name IBISWorld United States Last Updated: August 2025 NAICS MI61131a

Colleges & Universities in Michigan industry analysis

The Colleges & Universities industry in Michigan is expected to decline an annualized -x.x% to $x.x billion over the five years to 2025, while the national industry will likely decline at -x.x% during the same period. Industry establishments decreased an annualized -x.x% to xx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x billion.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to decline -x.x% to xx locations. Industry employment is expected to decrease an annualized -x.x% to x,xxx workers, while industry wages are forecast to decrease -x% to $x.x billion.

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About the Colleges & Universities in Michigan Market Research Report

What’s Included in the Colleges & Universities in Michigan Market Research Report

Definition of the Colleges & Universities in Michigan?

This industry includes public and private universities and colleges that offer academic courses and grant baccalaureate or graduate degrees. Admission requires a high school diploma or equivalent general academic training. Instruction is typically provided on physical campuses, although online education and other unorthodox settings are gaining popularity. This industry does not include for-profit institutions or community colleges.

What’s included in the Colleges & Universities in Michigan?

The Colleges & Universities in Michigan includes providing higher education at colleges (except community colleges), providing higher education at universities, providing higher education at theological seminaries offering baccalaureate or graduate degrees, providing higher education at professional schools, such as business administration, dental, law and medical and providing higher education at college level military academies. Related terms covered in the Colleges & Universities in Michigan industry report includes programs authorized under title iv of the higher education act that are the major source of federal student aid. they include loans, grants and federal work-study programs, the sum of money and other assets that have been donated to an institution. these funds are typically used in financial investments to yield additional income, tests that certify the taker has high school-level academic skills and an online course aimed at unlimited participation and open access via the internet.

Industry Performance of the Colleges & Universities industry in Michigan

Benchmark the Colleges & Universities in Michigan industry performance with all MI county and national performance.

Colleges & Universities in Michigan

#25 in Highest Revenue 0.8% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Colleges & Universities in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Colleges & Universities industry in Michigan

See how key industry drivers, such as population, bachelorsed, per capita disposable income, demand from donations, grants and endowment, government funding for universities and high school retention rate are impacting Colleges & Universities in Michigan

Michigan Economic Indicators

Population
BachelorsEd
Per Capita Disposable Income

View more economic information in MI State Economic profile

US Key External Drivers

Demand from donations, grants and endowment
Government funding for universities
High school retention rate

For the full list of industry drivers, see report purchase options.

County Data of the Colleges & Universities industry in Michigan

Access proprietary data on county in the Colleges & Universities in Michigan, such as Oakland County, Kent County and Wayne County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Colleges & Universities industry in Michigan

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Colleges & Universities industry in Michigan in 2025?

The market size of the Colleges & Universities industry in Michigan is $4.5bn in 2025.

How many businesses are there in the Colleges & Universities industry in Michigan in 2025?

There are 48 businesses in the Colleges & Universities industry in Michigan, which has been declining at an average annual rate of -2.7% from 2020 to 2025.

Has the Colleges & Universities industry in Michigan grown or declined over the past 5 years?

The market size of the Colleges & Universities industry in Michigan has been declining at an average annual rate of -4.8% from 2020 to 2025.

How many employees in the Colleges & Universities industry in Michigan in 2025?

There are 36,429 employees in the Colleges & Universities industry in Michigan, which has been declining at an average annual rate of -0.2% from 2020 to 2025.