Royal Oak, MI (population: 56,742) has nineteen banking schools within a 100-mile radius of its city center. Michigan State University, the highest ranked school in this group with a banking program, has a total student population of 47,071. It is the 45th highest ranked school in the USA and one of the highest in the state .
Banking students from Royal Oak schools who go on to become bankers, tellers, investment bankers, financial managers, etc. have a good chance at finding employment. For example, there are 153,720 people working as financial specialists alone in the US, and their average annual salary is $64,810. Also, Business and financial operations employees make on average $65,900 per year and there are about 6,063,670 of them employed in the US today. In fact, in the Warren-Troy-Farmington Hills Metropolitan area alone, there are 56,590 employed business and financial operations employees earning an average salary of $68,800. Financial specialists in this area earn $66,890/yr and there are 2,570 employed.
Royal Oak lies in Oakland county, which is one of the 62 counties in Michigan. Overall, the Warren-Troy-Farmington Hills Metropolitan area has 1,060,520 total employed workers according to the US Bureau of Labor Statistics, with a 0.7% unemployment rate, $22.33/hr average worker wage, and a $46,440 average annual salary. Thus, about 2.424 out of every 1000 jobs in Royal Oak are held by financial specialists, and 53.357/1000 are held by business and financial operations employees.
Of the 19 banking schools with a 100-mile radius of Royal Oak, only 10 have a student population over 10k. After taking into account tuition, living expenses, and financial aid, Ohio Business College comes out as the most expensive ($20,377/yr) for banking students, with Lorain County Community College as the lowest, reported at only $2,528/yr.
|Name||State||Population||# of Schools||Avg School Rank||Total Programs||Distance from Royal Oak|
|Madison Heights||MI||-||2||27.3656||17||2.8 miles|
|Bloomfield Township||MI||41,179||0||-||0||7.8 miles|
|Sterling Heights||MI||127,075||1||28.9156||3||7.8 miles|
|Rochester Hills||MI||68,883||1||23.9536||51||11.1 miles|
|Farmington Hills||MI||78,114||1||0.013626||0||11.8 miles|
|West Bloomfield Township||MI||71,474||0||-||0||12.4 miles|
|Clinton Township||MI||-||2||7.68254||63||12.9 miles|
|Auburn Hills||MI||-||2||5.8467||61||13.0 miles|
|Saint Clair Shores||MI||59,971||1||11.5792||3||13.3 miles|
|Dearborn Heights||MI||49,619||0||-||0||13.9 miles|
|Ann Arbor||MI||113,880||5||27.5859||183||33.6 miles|
|Port Huron||MI||-||5||17.4204||129||48.7 miles|
|East Lansing||MI||45,575||2||19.4594||4||69.5 miles|
|Spring Arbor||MI||-||1||60.8655||91||74.7 miles|