Online MBA Programs in Maryland
Maryland's numerous public and private sector companies, growing economy, and favorable business climate help to create an optimal environment for MBA graduates seeking employment.
This page highlights AACSB and ACBSP-accredited online MBA programs in Maryland and provides information about job outlook for MBA program graduates in the state.
Online MBA Programs in Maryland
|School||Annual Tuition||Recommend Rate||Program Accreditation|
|Frostburg State University||$12,790||100% (1 review)||AACSB|
|Johns Hopkins University||$57,556||0% (2 reviews)||AACSB|
|Morgan State University||$17,559||Add Review||AACSB|
|Strayer University||$15,135||58% (218 reviews)||ACBSP|
|University of Maryland - College Park||$30,885||50% (4 reviews)||AACSB|
|University of Phoenix||$16,752||60% (1156 reviews)||ACBSP|
Maryland MBA Degrees
Many types of Master's of Business Administration (MBA) degrees are available to prospective students in Maryland. You can choose between traditional on-campus and online options and select from a range of specializations. Most of these online MBA programs in Maryland require the completion of 30-36 credit hours, as well as an internship and a capstone project. Full-time MBA students usually complete a program in two years, but part-time students may need additional time.
To apply to a Maryland MBA program, you'll need to hold a bachelor's degree from an accredited college or university. However, your undergraduate degree does not necessarily have to be in business. Business schools often seek out candidates with diverse backgrounds and encourage students to combine their expertise in two or more fields. Some schools may also require applicants to have several years of work experience, and some require high GMAT or GRE scores, although fewer schools are relying on entrance exams than in the past.
Types of MBAs
Generally speaking, the curricula of accredited online MBA programs are designed to provide a thorough foundation in business management. However, if you'd like to acquire advanced knowledge in one particular aspect of business or in a specific industry, you may want to select a school that offers a relevant concentration. Some of the more common areas of specialization include the following:
How To Choose an Online MBA Program in Maryland
If you're planning to earn an online MBA degree in Maryland, you'll want to confirm that your program meets several important criteria. One of the factors that ensures you're getting a quality education is accreditation, which signifies that a school's programs, faculty, facilities, and services exceed independently established standards for rigor and excellence.
When reviewing accredited online programs to make the right choice in MBA program, you may also want to consider the following questions:
- Does the school offer the concentration you're most interested in or can you customize the program through your choice of electives?
- Do MBA faculty members have the experience and credentials you're looking for?
- Does the program feature learning activities designed to develop specific managerial skills?
- Does the school provide career development services, such as resume writing, interview coaching, and job placement assistance?
- Is there a supportive alumni association that you can rely on for networking and mentorship opportunities?
MBA Jobs in Maryland
Maryland is proud to say that it has one of the best-educated workforces in the country. More than 40% of its residents have earned bachelor's degrees, and nearly 20% have earned graduate degrees, making the state an attractive home for MBA graduates.
Recent reports from the state government show that Maryland's economy has remained strong throughout the pandemic, which suggests that there may be more opportunities for MBA holders here. The primary industries in the state are federal government-related organizations, technology, and medical research and innovation — three service-oriented industries that are essential to modern life. Financial services is also a growing sector in Maryland.
Based on these strengths, Maryland MBAs can follow several different career paths. Some may find employment opportunities at one of the four Fortune 500 companies headquartered here — Marriott International, Black and Decker, Host Hotels and Resorts, and Lockheed Martin, one of the top recruiters of recent MBA grads in 2021. Other graduates may go to work at one of the state's other top employers, which include McCormick, Under Armour, DAP, and T. Rowe Price. Those who are particularly interested in healthcare may want to consider employment at The Johns Hopkins Hospital and Health System.
ProjectionsCentral provides job growth projections for 2020 through 2030 that may interest MBA graduates in Maryland. Although many of the following occupations in the state do not necessarily require an MBA, employers may prefer to hire job applicants with the pertinent skills and knowledge that come from earning this advanced degree.
MBA Salary in Maryland
Current data from the BLS shows that managerial salaries in Maryland are fairly consistent with managerial salaries across the nation. However, Maryland's cost of living score is 111.8, which is somewhat higher than the national index of 100. MBA salaries in Maryland may not stretch quite as far due to the state's higher housing and transportation costs.
Several high-level managerial occupations are listed on the Maryland Department of Labor's Hot Jobs list, including administrative services manager, management analyst, and purchasing manager. Here again, these roles do not specifically require an advanced degree, but you may be in a better position to land one of these jobs and negotiate a higher salary if you have an MBA. Additional opportunities include the following:
Medical and Health Services Manager
Often found working in hospitals, doctors' offices, and other healthcare facilities, medical and health services managers perform typical managerial roles, such as supervising staff, creating schedules, and monitoring budgets. To perform their jobs well, they also need to be knowledgeable about medical practices and procedures, health insurance, and healthcare regulations. Although it's not required, an MBA in Healthcare Management may help prepare you for a career as a medical and health services manager.
Computer and Information Systems Manager
Information systems managers are needed in virtually every industry, and they often find work in larger organizations that have extensive technology networks and systems. These managers identify technology needs, install appropriate hardware and software, and manage IT staff. Another important element of their role is to establish security protocols. An MBA in Information Systems may help prepare you for a management position in IT.
Postsecondary Education Administrator
Postsecondary education administrators can be found on college campuses, performing typical managerial functions, like budgeting, scheduling, and analyzing data. These administrators manage the various offices and departments within a university, such as admissions, the registrar's office, deans' offices, and student affairs. To obtain one of these jobs, you will most likely need an advanced degree in business, education, or the social sciences.
FAQs About Maryland MBAs
How Much Is an MBA in Maryland?
The annual tuition fees for MBA programs in Maryland vary widely. In some cases, however, schools charge lower tuition fees for their online programs than they do for their on-campus programs. Applying for various forms of financial aid, such as fellowships, grants, student loans, and employer tuition reimbursement, may help you reduce the overall cost of earning an MBA.
Is an MBA in Maryland Worth It?
When you consider how much time, energy, and money you'll invest in earning an MBA, you're smart to question whether this degree will be worth it. One way to establish the value of an MBA is to consider the degree's return on investment, meaning the total financial cost, including student loan interest, as compared to your estimated lifetime earnings. You may also want to factor in how an MBA will help you fulfill your personal and career goals.
Can I Get an MBA Online in Maryland?
Yes, you can get an MBA online at a handful of accredited MBA programs in Maryland. By adding online degree programs to your selection of college options, you may find the ideal program that meets your professional goals without having to relocate. You may also be interested in online Master's in Business Administration programs in nearby Virginia and Washington, D.C.