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MBAGuide

2025 Best MBA Programs in Maryland

MBAGuide StaffMBAGuide.org Staff Updated onMarch 3, 2025
Reading Time: 8 minutes
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Interactive Table | Best MBAs Detail | Tuition | Salary | ROI | Average GMAT | No GMAT / GRE | How We Rank

Executive Summary MBA Programs in Maryland for 2025

$54,827

Average MBA Tuition in Maryland

$87,018

Average Starting MBA Salary in Maryland

582

Average GMAT Scores in Maryland

1,899

Average Student Enrollment in Maryland

  • In Maryland there are 7 campus and 5 online MBA Programs.
  • Starting salary for new MBA graduates in Maryland is reported to be between $59,700 and $127,044 with an average of $87,018.
  • Tuition for Maryland campus MBA programs ranges from $16,740 to $133,000, and averages $54,827
  • Online tuition in for Maryland MBAs ranges between $16,740 to $133,000, with an average total tuition cost of $60,905
  • The ROI for MBA programs in Maryland is between the highest of 400% and the lowest of -4% with an average of 173%
  • Average student enrollment in Maryland varies between 449 and 4,666 with an overall average of 1,899.
  • Student / Faculty Ratio for MBA programs in Maryland varies between 8:1 and 18:1 with an average of 14:1 students.
  • A GMAT score between 500 and 673 with an average of 582 is needed for acceptance into an MBA program.
  • Maryland has 7 MBA programs are ranked by the following institutions MBAGuide: 6, US News: 1, Forbes: 1, BW: 1, FT: 1 and Economist: 1.

Key Highlights:

    • Comprehensive comparisons and data about tuition fees, average starting salaries, GMAT scores, and enrollment statistics for MBA programs in Maryland.

    • Detailed profiles of MBA programs in Maryland, their strengths, unique specializations, faculty expertise, and alumni networks are included to help align your study choice with your career ambitions.

    • Insights into Maryland's diverse economic sectors, demonstrating how an MBA degree serves as a potent tool in these industries.

Top 5 Industries and Companies Hiring MBA Graduates in Maryland

Maryland is home to a robust economy with several strong sectors. One of the most significant sectors is life sciences, thanks to the presence of world-renowned institutions like Johns Hopkins University and the National Institutes of Health. An MBA concentration in healthcare management or biotechnology management could provide substantial advantages here.

Information technology, particularly cybersecurity, is another dominant industry in Maryland. The state is often referred to as the "Silicon Valley of Cybersecurity," providing a wealth of opportunities for MBA graduates specializing in technology management or information systems.

Maryland also has a thriving manufacturing industry, particularly in the aerospace and defense sectors. This presents opportunities for MBA graduates with a focus on operations or supply chain management.

Lastly, the financial services industry in Maryland is robust and offers a wealth of opportunities for MBA graduates, particularly those with a focus on finance or investment management.

Major Industries in Maryland Relevance to MBA Students
Life Sciences Ideal for MBA graduates specializing in healthcare management or biotechnology management.
Information Technology & Cybersecurity Beneficial for those focusing on technology management or information systems.
Manufacturing (Aerospace & Defense) Provides opportunities for MBA graduates specializing in operations or supply chain management.
Financial Services Perfect for those focusing on finance or investment management.

Top Hiring Companies in Maryland Why Work There
Lockheed Martin A defense and aerospace industry leader with opportunities in operations, project management, and strategic planning.
Johns Hopkins Medicine A globally-renowned healthcare institution with roles in healthcare management and administration.
Northrop Grumman A major player in aerospace and defense, providing opportunities in operations and supply chain management.
T. Rowe Price A financial services firm offering roles in investment management and strategic planning.
Under Armour A popular apparel company offering roles in marketing, brand management, and strategic planning.

Sortable Table of the Top AACSB Accredited MBA Programs in Maryland

Easily sort the interactive table below to find the best MBA programs by Rank, School Name, ROI, Tuition, Average Starting Salary, and Campus or Online to find and to compare MBA programs in Maryland. Click on any school for a comprehensive school profile.

Rank University Avg. Graduate ROIAvg. In State TuitionAvg. Starting SalaryStateCampus and Online
1 University of Maryland 22.00% $98,865 $121,103MDYes
2 Johns Hopkins Carey Business School -4.00% $133,000 $127,044MDYes
3 University of Baltimore 120.00% $35,128 $77,400MDYes
4 Frostburg State University 400.00% $16,740 $83,700MDYes
5 Loyola University Maryland -0 $59,950 $60,182MDNo
6 Morgan State University 314.00% $19,314 $80,000MDNo
7 Salisbury University 187.00% $20,792 $59,700MDYes

10 Best Ranked MBA Programs in Maryland

Jump to a Best Ranked Program
  • University of Maryland
  • Johns Hopkins Carey Business School
  • University of Baltimore
  • Towson University
  • Frostburg State University
  • Loyola University Maryland
  • Morgan State University
  • Salisbury University
  • University of Maryland Eastern Shore
  • Mount St. Mary's University
  • Hood College
  • University of Maryland
  • Washington Adventist University

University of Maryland

University of Maryland Robert H. Smith School of Business

Robert H. Smith School of Business

Location:

  • College Park

,

  • MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

Facebook, Linkedin and Twitter
  • Tuition: $98,865
  • Graduate Salary: $121,103
  • Graduate ROI: 22%
  • GMAT Required: Optional
  • Avg. GMAT: 656
  • Student / Faculty Ratio: 14:1
  • Enrollment: 4666

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Off Campus
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 21
  • Accounting
  • Corporate Finance
  • Data Analytics
  • E-Commerce
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Human Resources
  • Information Systems
  • Insurance
  • International Business
  • Leadership
  • Management
  • Manufacturing
  • Marketing
  • Operations Management
  • Organizational Behavior
  • Quantitative Methods
  • Supply Chain
  • Best in:
  • Most Affordable Online MBA or Masters in Maryland
  • Best MBA or Masters Program in Maryland
  • Best Online MBA or Masters in Maryland
  • Best MBA or Masters Accredited Online MBA Programs No GMAT Required
  • Best MBA or Masters Accredited Campus MBA Programs No GMAT Required
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 27
  • Online Rank: 12
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Johns Hopkins Carey Business School

Johns Hopkins University Carey Business School

Johns Hopkins University

Location:

  • Baltimore

,

  • MD

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

Facebook, Linkedin and Twitter
  • Tuition: $133,000
  • Graduate Salary: $127,044
  • Graduate ROI: -4%
  • GMAT Required: Yes
  • Avg. GMAT: 673
  • Student / Faculty Ratio: 13:1
  • Enrollment: 2694

Degree Level(s):

  • Master
  • ·
  • MBA

Offered As:

  • 1-Year
  • ·
  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Partnership
  • ·
  • Weekends
  • Concentrations: 8
  • Corporate Finance
  • Finance
  • General Business
  • Healthcare Administration
  • Information Systems
  • Marketing
  • Other
  • Real Estate
  • Best in:
  • Most Affordable Online MBA or Masters in Maryland
  • Best MBA or Masters Program in Maryland
  • Best Online MBA or Masters in Maryland
  • Rankings
  • City Rank: 1
  • State Rank: 2
  • National Rank: 94
  • Online Rank: 62
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of Baltimore

University of Baltimore Robert G. Merrick School of Business

Robert G. Merrick School of Business

Location:

  • Baltimore

,

  • MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

Facebook, Linkedin and Twitter
  • Tuition: $35,128
  • Graduate Salary: $77,400
  • Graduate ROI: 120%
  • GMAT Required: Yes
  • Avg. GMAT: 590
  • Student / Faculty Ratio: 10:1
  • Enrollment: 687

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Partnership
  • ·
  • Weekends
  • Concentrations: 21
  • Accounting
  • Corporate Finance
  • Cybersecurity
  • Data Analytics
  • E-Commerce
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Healthcare Administration
  • Human Resources
  • Information Systems
  • Insurance
  • International Business
  • Law
  • Leadership
  • Management
  • Marketing
  • Other
  • Public Administration
  • Real Estate
  • Taxation
  • Best in:
  • Most Affordable Online MBA or Masters in Maryland
  • Most Affordable Online MBA or Masters in Most Affordable Online MBA
  • Best MBA or Masters Program in Maryland
  • Best Online MBA or Masters in Maryland
  • Best Online Concentration E-Commerce
  • Rankings
  • City Rank: 2
  • State Rank: 3
  • National Rank: 133
  • Online Rank: 92
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Towson University

Towson University College of Business and Economics

College of Business and Economics

Location:

  • Towson

,

  • MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

Facebook, Linkedin and Twitter
  • Tuition: $24,084
  • Graduate Salary: $69,150
  • Graduate ROI: 187%
  • GMAT Required: Yes
  • Avg. GMAT: 637
  • Student / Faculty Ratio: 14:1
  • Enrollment: 2903

Degree Level(s):

  • Master
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Off Campus
  • ·
  • Part-Time
  • ·
  • Partnership
  • ·
  • Weekends
  • Concentrations: 15
  • Accounting
  • Corporate Finance
  • Data Analytics
  • E-Commerce
  • Economics
  • Entrepreneurship
  • Finance
  • Global Management
  • Human Resources
  • International Business
  • Management
  • Marketing
  • Operations Management
  • Quantitative Methods
  • Supply Chain
  • Best in:
  • Best MBA or Masters Program in Maryland
  • Rankings
  • City Rank: 1
  • State Rank: 4
  • National Rank: 151
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Frostburg State University

Frostburg State University College of Business

College of Business

Location:

  • Frostburg

,

  • MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

Facebook, Linkedin and Twitter
  • Tuition: $16,740
  • Graduate Salary: $83,700
  • Graduate ROI: 400%
  • GMAT Required: Yes
  • Avg. GMAT: 550
  • Student / Faculty Ratio: 8:1
  • Enrollment: 449

Degree Level(s):

  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Off Campus
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 12
  • Accounting
  • Corporate Finance
  • Economics
  • Entrepreneurship
  • Finance
  • Global Management
  • Hospitality Management
  • Human Resources
  • Insurance
  • International Business
  • Management
  • Marketing
  • Best in:
  • Most Affordable Online MBA or Masters in Maryland
  • Best MBA or Masters Program in Maryland
  • Best Online MBA or Masters in Maryland
  • Rankings
  • City Rank: 1
  • State Rank: 5
  • National Rank: 254
  • Online Rank: 183
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Loyola University Maryland

Loyola University Maryland Sellinger School of Business and Management

Sellinger School of Business and Management

Location:

  • Baltimore

,

  • MD

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

Facebook, Linkedin and Twitter
  • Tuition: $59,950
  • Graduate Salary: $60,182
  • Graduate ROI: 0%
  • GMAT Required: No
  • Avg. GMAT: 576
  • Student / Faculty Ratio: 13:1
  • Enrollment: 1561

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 11
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Finance
  • General Business
  • Global Management
  • International Business
  • Leadership
  • Management
  • Marketing
  • Best in:
  • Best MBA or Masters Program in Maryland
  • Rankings
  • City Rank: 3
  • State Rank: 6
  • National Rank: 275
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Morgan State University

Morgan State University Earl G. Graves School of Business and Management

Earl G. Graves School of Business and Management

Location:

  • Baltimore

,

  • MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

Facebook, Linkedin and Twitter
  • Tuition: $19,314
  • Graduate Salary: $80,000
  • Graduate ROI: 314%
  • GMAT Required: No
  • Avg. GMAT: 500
  • Student / Faculty Ratio: 17:1
  • Enrollment: 1744

Degree Level(s):

  • Doctoral
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Online Full-Time
  • Concentrations: 8
  • Accounting
  • Entrepreneurship
  • Finance
  • Human Resources
  • International Business
  • Marketing
  • Supply Chain
  • Best in:
  • Best MBA Programs
  • Best MBA or Masters Program in Maryland
  • Rankings
  • City Rank: 4
  • State Rank: 7
  • National Rank: 361
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Salisbury University

Salisbury University Franklin P. Perdue School of Business

Franklin P. Perdue School of Business

Location:

  • Salisbury

,

  • MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

Facebook, Linkedin and Twitter
  • Tuition: $20,792
  • Graduate Salary: $59,700
  • Graduate ROI: 187%
  • GMAT Required: No
  • Avg. GMAT: 531
  • Student / Faculty Ratio: 13:1
  • Enrollment: 1494

Degree Level(s):

  • MBA
  • ·
  • Undergraduate

Offered As:

  • 1-Year
  • ·
  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 10
  • Accounting
  • Corporate Finance
  • Economics
  • Finance
  • General Business
  • Global Management
  • Information Systems
  • International Business
  • Management
  • Marketing
  • Best in:
  • Most Affordable Online MBA or Masters in Maryland
  • Best MBA or Masters Program in Maryland
  • Best Online MBA or Masters in Maryland
  • Rankings
  • City Rank: 1
  • State Rank: 8
  • National Rank: 419
  • Online Rank: 309
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of Maryland Eastern Shore

University of Maryland Eastern Shore School of Business

School of Business and Technology

Location:

  • Princess Anne

,

  • MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

Facebook and Twitter
  • Tuition: not reported
  • Graduate Salary: Not Reported by School
  • Graduate ROI: 0%
  • GMAT Required: No
  • Avg. GMAT:
  • Student / Faculty Ratio: 8:1
  • Enrollment: 273

Degree Level(s):

  • Undergraduate

Offered As:

  • Campus
  • ·
  • Full-Time
  • Concentrations: 2
  • Science and Technology
  • Sustainability
  • Best in:
  • Best MBA or Masters Program in Maryland
  • Rankings
  • City Rank: 1
  • State Rank: 9
  • National Rank: 528
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Mount St. Mary's University

Mount St. Mary's University Richard J. Bolte, Sr. School of Business

Richard J. Bolte, Sr. School of Business

Location:

,

  • MD

Control:

Academic Year:

Accredited: AACSB

Accreditation:

  • Tuition: not reported
  • Graduate Salary: Not Reported by School
  • Graduate ROI: Not Reported
  • GMAT Required:
  • Avg. GMAT: 500
  • Student / Faculty Ratio: :1
  • Enrollment: Not Reported

Degree Level(s):

Offered As:

  • Concentrations: 3
  • Business Analytics
  • Finance
  • Marketing
  • Best in:
  • Best MBA or Masters Program in Maryland
  • Rankings
  • City Rank: 19
  • State Rank: 10
  • National Rank: 537
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Hood College

Hood College School of Business

School of Business

Location:

,

  • MD

Control:

Academic Year:

Accredited: AACSB

Accreditation:

  • Tuition: not reported
  • Graduate Salary: Not Reported by School
  • Graduate ROI: Not Reported
  • GMAT Required:
  • Avg. GMAT:
  • Student / Faculty Ratio: :1
  • Enrollment: Not Reported

Degree Level(s):

Offered As:

  • Concentrations: 2
  • Management
  • Marketing
  • Best in:
  • Rankings
  • City Rank: 50
  • State Rank: 11
  • National Rank: 642
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of Maryland

University of Maryland Robert H. Smith School of Business

Robert H. Smith School of Business

Location:

,

  • MD

Control:

Academic Year:

Accredited: AACSB

Accreditation:

  • Tuition: not reported
  • Graduate Salary: Not Reported by School
  • Graduate ROI: Not Reported
  • GMAT Required:
  • Avg. GMAT:
  • Student / Faculty Ratio: :1
  • Enrollment: Not Reported

Degree Level(s):

Offered As:

  • Concentrations: 1
  • Management
  • Best in:
  • Rankings
  • City Rank: 102
  • State Rank: 12
  • National Rank: 783
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Washington Adventist University

Washington Adventist University School of Graduate and Professional Studies

School of Graduate and Professional Studies

Location:

,

  • MD

Control:

Academic Year:

Accredited: AACSB

Accreditation:

  • Tuition: not reported
  • Graduate Salary: Not Reported by School
  • Graduate ROI: Not Reported
  • GMAT Required:
  • Avg. GMAT:
  • Student / Faculty Ratio: :1
  • Enrollment: Not Reported

Degree Level(s):

Offered As:

  • Concentrations: 3
  • Finance
  • Human Resources
  • Marketing
  • Best in:
  • Rankings
  • City Rank: 103
  • State Rank: 13
  • National Rank: 784
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Compare MBA Program Averages in 2025
Maryland, the U.S. and Online

 AveragesMaryland MBA ProgramsOnline MBA ProgramsMBA Programs Nationwide
Average MBA Tuition$54,827 $37,167$42,528
Average Graduate Salary$87,018$79,354 $82,899
Average ROI173%196%185%
Average GMAT Scores582561567

What is the Average Tuition for MBA Programs in Maryland?


If you plan on attending an MBA program, it’s best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An online MBA program can provide the flexibility of completing a program while being employed in your respective career.

While the average in-person MBA program in Maryland will cost about $54,827, the least expensive MBA program is $16,740 from Frostburg State University, and the most expensive is $133,000 from Johns Hopkins Carey Business School.

An Online MBA program from an institution in Maryland will cost you between $16,740 from Frostburg State University and $133,000 from Johns Hopkins Carey Business School. The average cost of online MBA programs within Maryland is $60,905.

Average Tuition for In-Person MBA Programs

Average: $54,827 from Maryland’s 7 in-person MBA Programs
Lowest in-person: $16,740 from Frostburg State University
Highest in-person: $133,000 from Johns Hopkins Carey Business School

Most Affordable MBAs in Maryland

  1. Frostburg State University - $16,740.00
  2. Morgan State University - $19,314.00
  3. Salisbury University - $20,792.00
  4. University of Baltimore - $35,128.00
  5. Loyola University Maryland - $59,950.00
  6. University of Maryland - $98,865.00
  7. Johns Hopkins Carey Business School - $133,000.00

Most Expensive MBAs in Maryland

  1. Johns Hopkins Carey Business School - $133,000.00
  2. University of Maryland - $98,865.00
  3. Loyola University Maryland - $59,950.00
  4. University of Baltimore - $35,128.00
  5. Salisbury University - $20,792.00
  6. Morgan State University - $19,314.00
  7. Frostburg State University - $16,740.00

What is the Average Graduate MBA Salary in Maryland?

While the average starting salary for graduates of an in-person MBA program in Maryland is about $87,018, the lowest average MBA starting salary is $59,700 from Salisbury University, and the highest average MBA starting salary is $127,044 from Johns Hopkins Carey Business School.

The average starting salary for graduates of an Online MBA program from an institution in Maryland is between $59,700 from Salisbury University and $127,044 from Johns Hopkins Carey Business School. The average starting MBA salary for graduates of online MBA programs within Maryland is $93,789.

Average Graduate Salaries for In-Person MBA Programs

  • Average: $87,018 from Maryland’s 7 In-Person MBA Programs
  • Lowest In-Person: $59,700 from Salisbury University
  • Highest In-Person:$127,044 from Johns Hopkins Carey Business School

Schools with the Highest Graduate MBA Salaries in Maryland

  1. Johns Hopkins Carey Business School - $127,044.00
  2. University of Maryland - $121,103.00
  3. Frostburg State University - $83,700.00
  4. Morgan State University - $80,000.00
  5. University of Baltimore - $77,400.00
  6. Loyola University Maryland - $60,182.00
  7. Salisbury University - $59,700.00

Schools with the Lowest Graduate MBA Salaries in Maryland

  1. Salisbury University - $59,700.00
  2. Loyola University Maryland - $60,182.00
  3. University of Baltimore - $77,400.00
  4. Morgan State University - $80,000.00
  5. Frostburg State University - $83,700.00
  6. University of Maryland - $121,103.00
  7. Johns Hopkins Carey Business School - $127,044.00

What is the Average ROI for MBA Programs in Maryland?

Choosing an MBA program requires more than a glance at the school’s reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.

By scrutinizing the ROI, you’re not just making a decision—you’re making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.

While the average in-person MBA program ROI from Maryland is 173%, the lowest ROI is -4% from Johns Hopkins Carey Business School, and the best ROI is 400% from Frostburg State University.

The ROI from Online MBA programs in Maryland range between -4% from Johns Hopkins Carey Business School and 400% from Frostburg State University. The average ROI of online MBA programs within Maryland is 145%.

In-Person ROI for MBA Programs

  • Average: 173% from Maryland’s 7 in-person MBA Programs
  • Lowest in-person: -4% from Johns Hopkins Carey Business School
  • Highest in-person: 400% from Frostburg State University

Highest ROI for MBA Programs in Maryland

  1. Frostburg State University - 400.00%
  2. Morgan State University - 314.00%
  3. Salisbury University - 187.00%
  4. University of Baltimore - 120.00%
  5. University of Maryland - 22.00%

Lowest ROI for MBA Programs in Maryland

  1. University of Maryland - 22.00%
  2. University of Baltimore - 120.00%
  3. Salisbury University - 187.00%
  4. Morgan State University - 314.00%
  5. Frostburg State University - 400.00%

What is the Average GMAT Score Needed for an MBA Program in Maryland?

The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.

While the average GMAT score needed for in-person MBA program in Maryland is 582, the lowest average GMAT score is for an MBA program is 500 from Morgan State University, and the highest GMAT score needed is 673 from Johns Hopkins Carey Business School.

The average GMAT score needed for an online MBA program from an institution in Maryland is between 531 from Salisbury University to 673 from Johns Hopkins Carey Business School. The average GMAT scored for online MBA programs within Maryland is 600.

Average GMAT Score for In-Person MBA Programs

  • Average: 582 from Maryland’s 7 in-person MBA Programs
  • Lowest in-person: 500 from Morgan State University
  • Highest in-person: 673 from Johns Hopkins Carey Business School

Lowest GMAT Scores in Maryland

  1. Morgan State University - 500
  2. Salisbury University - 531
  3. Frostburg State University - 550
  4. Loyola University Maryland - 576
  5. University of Baltimore - 590
  6. University of Maryland - 656
  7. Johns Hopkins Carey Business School - 673

Highest GMAT Scores in Maryland

  1. Johns Hopkins Carey Business School - 673
  2. University of Maryland - 656
  3. University of Baltimore - 590
  4. Loyola University Maryland - 576
  5. Frostburg State University - 550
  6. Salisbury University - 531
  7. Morgan State University - 500

No GMAT or GRE – Best MBA Programs in Maryland

Rank University GMAT Online College Name Based In
1 University of Maryland Optional Yes Robert H. Smith School of Business College Park, MD
2 Loyola University Maryland No No Sellinger School of Business and Management Baltimore, MD
3 Morgan State University No No Earl G. Graves School of Business and Management Baltimore, MD
4 Salisbury University No Yes Franklin P. Perdue School of Business Salisbury, MD

MBA Schools with the Most Alumni Maryland?

The importance of networking, whether it’s by way of campus job fairs, student organization members, or faculty mentorship, should not be understated. The average MBA enrollment size has a direct impact on your studies, your job prospects, and your ability to define your career goals.

Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.

For Maryland state’s MBA programs, the range for full-time enrollment is between 41 and 1,123. For part-time enrollment, the range is between : 11.00 and : 1,571.00.

Average Enrollment for In-Person MBA Programs

  • Lowest: 41 from Salisbury University
  • Highest: 1,123 from Johns Hopkins Carey Business School
  • Average: 286 from Maryland’s 7 MBA Programs.
  • Average: 296 from 511 the nation’s campus MBA Programs.

Schools with the Lowest Student Enrollment in Maryland

  1. Johns Hopkins Carey Business School - 1,123
  2. University of Maryland - 348
  3. Loyola University Maryland - 94
  4. University of Baltimore - 68
  5. Frostburg State University - 43
  6. Salisbury University - 41

MBA Programs with the Highest Student Enrollment in Maryland

  1. Salisbury University - 41
  2. Frostburg State University - 43
  3. University of Baltimore - 68
  4. Loyola University Maryland - 94
  5. University of Maryland - 348
  6. Johns Hopkins Carey Business School - 1,123

What MBA Concentrations Available in Maryland?

Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Maryland businesses, MBA programs here have risen to the challenge by offering you an array of more than 29 MBA concentrations including:

  • Marketing: 7
  • Finance: 7
  • Accounting: 6
  • International Business: 6
  • Corporate Finance: 6
  • Management: 5
  • General Business: 5
  • Global Management: 5
  • Human Resources: 4
  • Entrepreneurship: 4

What Schools Offer the Widest Variety of MBA Concentrations in Maryland?

  • University of Baltimore: 22
  • University of Maryland: 20
  • Frostburg State University: 12
  • Loyola University Maryland: 11
  • Salisbury University: 10
  • Johns Hopkins Carey Business School: 8
  • Morgan State University: 7

Cities Offering MBA Programs in Maryland

Looking for a particular city in Maryland with an accredited MBA program? Research and compare MBA programs from other cities in Maryland. Find online programs, programs by concentration, by average GMAT score and more.

  • Baltimore
  • College Park
  • Frostburg
  • Princess Anne
  • Salisbury
  • Towson

The Importance of MBA Accreditation

The importance of accreditation can’t be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.

AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.

MBA Program Options Available in Maryland

Options for earning your MBA in Maryland have never been more flexible. Maryland MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.

Maryland has 7 Accredited MBA programs. 0 private and 5 public schools offering MBA programs.

Maryland has 5 public schools and 0 private schools offering MBA degree programs.

7 Accredited MBA programs.  and 5 public schools offering MBA programs.

Maryland schools offer 11 different paths to earn your MBA in Maryland including Campus, Evenings, Full-Time, Part-Time, Weekends, Online, Distance Education, 1-Year, Off Campus, Partnership and Online Full-Time.

To meet the diverse needs of Maryland businesses, MBA programs here have risen to the challenge by offering you an array of more than 29 MBA concentrations to specialize in.

Awards for MBA Programs in Maryland

The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.

Of the 7 accredited MBA programs offered in Maryland, 6 of them have been recognized by at least one distinguished publication (MBAGuide, PQ, US News, Forbes, BW, FT and Economist) garnering an award as one of the best MBA programs in the country.

Maryland schools have earned a total of 12 Best MBA awards from publications. Here are the top MBA schools and the number of awards the each program has garnered:

  • University of Maryland: 7
  • Loyola University Maryland: 1
  • University of Baltimore: 1
  • Salisbury University: 1
  • Frostburg State University: 1
  • Johns Hopkins Carey Business School: 1

Publications and the number of awards granted for Maryland schools:

  • MBAGuide: 6
  • US News: 1
  • Forbes: 1
  • BW: 1
  • FT: 1
  • Economist: 1

How We Rank the Best MBA Programs in Maryland

MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.

Best MBA Programs by State: Online and In-Person

Alabama – Online | In-Person
Alaska – Online | In-Person
Arizona – Online | In-Person
Arkansas – Online | In-Person
California – Online | In-Person
Colorado – Online | In-Person
Connecticut – Online | In-Person
Delaware – Online | In-Person
Florida – Online | In-Person
Georgia – Online | In-Person
Hawaii – Online | In-Person
Idaho – Online | In-Person
Illinois – Online | In-Person
Indiana – Online | In-Person
Iowa – Online | In-Person
Kansas – Online | In-Person
Kentucky – Online | In-Person

Louisiana – Online | In-Person
Maine – Online | In-Person
Maryland – Online | In-Person
Massachusetts – Online | In-Person
Michigan – Online | In-Person
Minnesota – Online | In-Person
Mississippi – Online | In-Person
Missouri – Online | In-Person
Montana – Online | In-Person
Nebraska – Online | In-Person
Nevada – Online | In-Person
New Hampshire – Online | In-Person
New Jersey – Online | In-Person
New Mexico – Online | In-Person
New York – Online | In-Person
North Carolina – Online | In-Person
North Dakota – Online | In-Person

Ohio – Online | In-Person
Oklahoma – Online | In-Person
Oregon – Online | In-Person
Pennsylvania – Online | In-Person
Rhode Island – Online | In-Person
South Carolina – Online | In-Person
South Dakota – Online | In-Person
Tennessee – Online | In-Person
Texas – Online | In-Person
Utah – Online | In-Person
Vermont – Online | In-Person
Virginia – Online | In-Person
Washington – Online | In-Person
West Virginia – Online | In-Person
Wisconsin – Online | In-Person
Wyoming – Online | In-Person
District of Columbia – Online | In-Person

Data sources: IPEDS, National Center of Educational Statistics, U.S. Department of Education, Institute of Education Sciences (ERIC), Association to Advance Collegiate Schools of Business (AACSB), 520 MBA Schools, U.S. Bureau of Labor Statistics (BLS). If you notice errors in the MBA program database, please contact us.

Find: MBA Programs in Maryland | Online MBA Programs in Maryland Rankings: MBA Program Rankings | Online MBA Program Rankings Guides: Guide to Earning an Online MBA | Guide to Earning an MBA Concentrations: Online MBA Concentrations | Campus MBA Concentrations

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      MBA Program Rankings and Reports for All 50 States

  • Concentrations
    • Most AACSB Programs Offered

      • Finance – 430
      • Accounting – 444
      • Marketing – 405
      • Management – 433
      • Business Administration – 453
      • Information Systems – 274
      • Intl Business – 210
      • Entrepreneurship – 218
      • Economics – 220
      • Supply Chain – 200
      • Data Analytics – 309
      • Healthcare Admin – 144
      • Leadership – 92
      • Statistics – 16

      Best Graduate Salary

      • Business Analytics – $104,000
      • Consulting – $115,277
      • Energy – $92,959
      • E-Commerce – $94,850
      • Law – $90,536
      • Leadership – $88,232
      • Operations Mgmt – $92,419
      • Insurance – $80,528
      • Org. Behavior – $107,961
      • Real Estate – $97,485
      • Sports Mgmt – $78,406
      • Statistics – $103,112
      • Healthcare Mgmt – $85,206
      • Taxation –  $121,750

      Explore All 50 MBA Concentrations

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