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2025 Best MBA Programs in Maine

MBAGuide StaffMBAGuide.org Staff Updated onMarch 3, 2025
Reading Time: 8 minutes
Home / MBA Programs / Maine

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Popular Sections for Maine MBA Students

Interactive Table | Best MBAs Detail | Tuition | Salary | ROI | Average GMAT | No GMAT / GRE | How We Rank

Executive Summary MBA Programs in Maine for 2025

$19,935

Average MBA Tuition in Maine

$87,535

Average Starting MBA Salary in Maine

562

Average GMAT Scores in Maine

1,139

Average Student Enrollment in Maine

  • In Maine there are 1 campus and 1 online MBA Programs.
  • Starting salary for new MBA graduates in Maine is reported to be between $87,535 and $87,535 with an average of $87,535.
  • Tuition for Maine campus MBA programs ranges from $19,500 to $20,370, and averages $19,935
  • Online tuition in for Maine MBAs ranges between $20,370 to $20,370, with an average total tuition cost of $20,370
  • The ROI for MBA programs in Maine is between the highest of 349% and the lowest of 330% with an average of 340%
  • Average student enrollment in Maine varies between 640 and 1,637 with an overall average of 1,139.
  • Student / Faculty Ratio for MBA programs in Maine varies between 14:1 and 23:1 with an average of 19:1 students.
  • A GMAT score between 523 and 600 with an average of 562 is needed for acceptance into an MBA program.
  • Maine has 2 MBA programs are ranked by the following institutions MBAGuide: 2.

Key Highlights:

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

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

    • Insights into Maine'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 Maine

Maine's economy is diverse and robust, with several key industries driving its growth. These industries present numerous opportunities for MBA graduates, who can leverage their business acumen to contribute to these sectors' ongoing success.

Firstly, healthcare is a major industry in Maine, employing thousands of people across the state. An MBA with a concentration in Healthcare Management can equip graduates with the skills needed to navigate this complex sector.

Secondly, tourism is another significant contributor to Maine's economy. An MBA focusing on Hospitality or Tourism Management could prepare graduates for leadership roles within this industry.

Thirdly, manufacturing remains a key component of Maine's economic landscape. A concentration in Operations or Supply Chain Management could be beneficial for those interested in this sector.

Fourthly, Maine has a thriving agricultural sector, particularly in areas such as blueberry and potato farming. An MBA with a focus on Agribusiness could be relevant here.

Lastly, education is also a substantial part of Maine's economy. Graduates with an MBA in Education Management may find rewarding opportunities within this sector.

Major Industries Relevance to MBA Students Suggested Concentrations
Healthcare A major employer with many opportunities for management roles Healthcare Management
Tourism Significant contributor to the state's economy requiring strategic leadership Hospitality/Tourism Management
Manufacturing Requires efficient operations and supply chain management Operations/Supply Chain Management
Agriculture Thriving sector needing business-minded leadership Agribusiness
Education Offers opportunities for management roles within schools and universities Education Management

Top companies hiring MBA graduates in Maine include L.L.Bean, IDEXX Laboratories, WEX Inc., The Jackson Laboratory, and Bath Iron Works. These companies offer opportunities for growth and advancement, making them desirable workplaces for ambitious professionals seeking to make their mark in their respective industries.

Sortable Table of the Top AACSB Accredited MBA Programs in Maine

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 Maine. Click on any school for a comprehensive school profile.

Rank University Avg. Graduate ROIAvg. In State TuitionAvg. Starting SalaryStateCampus and Online
1 University of Maine 349.00% $19,500 $87,535MENo
2 University of Southern Maine 330.00% $20,370 $87,535MEYes

10 Best Ranked MBA Programs in Maine

Jump to a Best Ranked Program
  • University of Maine
  • University of Southern Maine
  • Thomas College

University of Maine

University of Maine Maine Business School and Graduate School of Business

Maine Business School and Graduate School of Business

Location:

  • Orono

,

  • ME

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $19,500
  • Graduate Salary: $87,535
  • Graduate ROI: 349%
  • GMAT Required: Yes
  • Avg. GMAT: 600
  • Student / Faculty Ratio: 23:1
  • Enrollment: 1637

Degree Level(s):

  • MBA
  • ·
  • Undergraduate

Offered As:

  • Full-Time
  • ·
  • Off Campus
  • ·
  • Onlne
  • ·
  • Part-Time
  • Concentrations: 8
  • Accounting
  • Data Analytics
  • Engineering
  • Finance
  • General Business
  • International Business
  • Management
  • Operations Management
  • Best in:
  • Best MBA Programs
  • Best MBA or Masters Program in Maine
  • Best Concentration Engineering
  • BBA All BBA Each State
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 210
  • Online Rank: Not Ranked
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

University of Southern Maine

University of Southern Maine College of Management and Human Service

College of Management and Human Service

Location:

  • Portland

,

  • ME

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

Facebook, Linkedin and Twitter
  • Tuition: $20,370
  • Graduate Salary: $87,535
  • Graduate ROI: 330%
  • GMAT Required: Yes
  • Avg. GMAT: 523
  • Student / Faculty Ratio: 15:1
  • Enrollment: 640

Degree Level(s):

  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Partnership
  • ·
  • Weekends
  • Concentrations: 8
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Finance
  • Insurance
  • Management
  • Marketing
  • Sports Management
  • Best in:
  • Most Affordable Online MBA or Masters in Maine
  • Best MBA or Masters Program in Maine
  • Best Online MBA or Masters in Maine
  • Rankings
  • City Rank: 2
  • State Rank: 2
  • National Rank: 354
  • Online Rank: 260
  • Top 10% in State: ROI, Tuition
  • Better than State Average: GMAT
  • Better than National Average: Student / Faculty Ratio

Thomas College

School of Business

Location:

,

  • ME

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: 6
  • Accounting
  • International Business
  • Leadership
  • Marketing
  • Supply Chain
  • Best in:
  • Best MBA or Masters Program in Maine
  • Rankings
  • City Rank: 104
  • State Rank: 3
  • National Rank: 785
  • 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
Maine, the U.S. and Online

 AveragesMaine MBA ProgramsOnline MBA ProgramsMBA Programs Nationwide
Average MBA Tuition$19,935 $37,167$42,528
Average Graduate Salary$87,535$79,354 $82,899
Average ROI340%196%185%
Average GMAT Scores562561567

What is the Average Tuition for MBA Programs in Maine?


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 Maine will cost about $19,935, the least expensive MBA program is $19,500 from University of Maine, and the most expensive is $20,370 from University of Southern Maine.

An Online MBA program from an institution in Maine will cost you between $20,370 from University of Southern Maine and $20,370 from University of Southern Maine. The average cost of online MBA programs within Maine is $20,370.

Average Tuition for In-Person MBA Programs

Average: $20,370 from Maine’s 1 in-person MBA Programs
Lowest in-person: $19,500 from University of Maine
Highest in-person: $20,370 from University of Southern Maine

Most Affordable MBAs in Maine

  1. University of Maine - $19,500.00
  2. University of Southern Maine - $20,370.00

Most Expensive MBAs in Maine

  1. University of Southern Maine - $20,370.00
  2. University of Maine - $19,500.00

What is the Average Graduate MBA Salary in Maine?

While the average starting salary for graduates of an in-person MBA program in Maine is about $87,535, the lowest average MBA starting salary is $87,535 from University of Southern Maine, and the highest average MBA starting salary is $87,535 from University of Southern Maine.

The average starting salary for graduates of an Online MBA program from an institution in Maine is between $87,535 from University of Southern Maine and $87,535 from University of Southern Maine. The average starting MBA salary for graduates of online MBA programs within Maine is $87,535.

Average Graduate Salaries for In-Person MBA Programs

  • Average: $87,535 from Maine’s 1 In-Person MBA Programs
  • Lowest In-Person: $87,535 from University of Southern Maine
  • Highest In-Person:$87,535 from University of Southern Maine

Schools with the Highest Graduate MBA Salaries in Maine

  1. University of Southern Maine - $87,535.00
  2. University of Maine - $87,535.00

Schools with the Lowest Graduate MBA Salaries in Maine

  1. University of Southern Maine - $87,535.00
  2. University of Maine - $87,535.00

What is the Average ROI for MBA Programs in Maine?

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 Maine is 340%, the lowest ROI is 330% from University of Southern Maine, and the best ROI is 349% from University of Maine.

The ROI from Online MBA programs in Maine range between 330% from University of Southern Maine and 330% from University of Southern Maine. The average ROI of online MBA programs within Maine is 330%.

In-Person ROI for MBA Programs

  • Average: 330% from Maine’s 1 in-person MBA Programs
  • Lowest in-person: 330% from University of Southern Maine
  • Highest in-person: 349% from University of Maine

Highest ROI for MBA Programs in Maine

  1. University of Maine - 349.00%
  2. University of Southern Maine - 330.00%

Lowest ROI for MBA Programs in Maine

  1. University of Southern Maine - 330.00%
  2. University of Maine - 349.00%

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

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 Maine is 562, the lowest average GMAT score is for an MBA program is 523 from University of Southern Maine, and the highest GMAT score needed is 600 from University of Maine.

The average GMAT score needed for an online MBA program from an institution in Maine is between 523 from University of Southern Maine to 523 from University of Southern Maine. The average GMAT scored for online MBA programs within Maine is 523.

Average GMAT Score for In-Person MBA Programs

  • Average: 523 from Maine’s 1 in-person MBA Programs
  • Lowest in-person: 523 from University of Southern Maine
  • Highest in-person: 600 from University of Maine

Lowest GMAT Scores in Maine

  1. University of Southern Maine - 523
  2. University of Maine - 600

Highest GMAT Scores in Maine

  1. University of Maine - 600
  2. University of Southern Maine - 523

No GMAT or GRE – Best MBA Programs in Maine

Rank University GMAT Online College Name Based In

MBA Schools with the Most Alumni Maine?

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 Maine state’s MBA programs, the range for full-time enrollment is between 0 and 0. For part-time enrollment, the range is between : 0.00 and : 0.00.

Average Enrollment for In-Person MBA Programs

  • Lowest: 0 from Thomas College
  • Highest: 0 from Thomas College
  • Average: 0 from Maine’s 2 MBA Programs.
  • Average: 296 from 511 the nation’s campus MBA Programs.

Schools with the Lowest Student Enrollment in Maine

MBA Programs with the Highest Student Enrollment in Maine

What MBA Concentrations Available in Maine?

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 Maine businesses, MBA programs here have risen to the challenge by offering you an array of more than 12 MBA concentrations including:

  • Accounting: 2
  • Data Analytics: 2
  • Finance: 2
  • Management: 2
  • Corporate Finance: 1
  • Engineering: 1
  • General Business: 1
  • Insurance: 1
  • International Business: 1
  • Marketing: 1

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

  • University of Southern Maine: 8
  • University of Maine: 8

Cities Offering MBA Programs in Maine

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

  • Orono
  • Portland

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 Maine

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

Maine has 2 Accredited MBA programs. 0 private and 2 public schools offering MBA programs.

Maine has 2 public schools and 0 private schools offering MBA degree programs.

2 Accredited MBA programs.  and 2 public schools offering MBA programs.

Maine schools offer 9 different paths to earn your MBA in Maine including Part-Time, Full-Time, Campus, Evenings, Off Campus, Online, Onlne, Partnership and Weekends.

To meet the diverse needs of Maine businesses, MBA programs here have risen to the challenge by offering you an array of more than 12 MBA concentrations to specialize in.

Awards for MBA Programs in Maine

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 2 accredited MBA programs offered in Maine, 2 of them have been recognized by at least one distinguished publication (MBAGuide) garnering an award as one of the best MBA programs in the country.

Maine schools have earned a total of 2 Best MBA awards from publications. Here are the top MBA schools and the number of awards the each program has garnered:

  • University of Southern Maine: 1
  • University of Maine: 1

Publications and the number of awards granted for Maine schools:

  • MBAGuide: 2

How We Rank the Best MBA Programs in Maine

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 Maine | Online MBA Programs in Maine 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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  • Rankings
    • Best Online

      • Overall
      • Most Respected
      • Salary
      • ROI
      • Affordable
      • No GMAT
      • Selective
      • Ratios
      • Faculty
      • Alumni

      Best Campus

      • Overall
      • Most Respected
      • Salary
      • ROI
      • Affordable
      • No GMAT
      • Selective
      • Ratios
      • Faculty
      • Alumni

      Types of MBAs

      • 1-Year
      • E-MBA
      • Part-Time
      • Evenings & Weekends
      • Dual
      • Grad Certificate
      • Undergrad Certificate
      • Entrepreneurship Development Programs
      • Emerging Leadership Programs

  • States
    • West

      • Alaska
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      • Hawaii
      • Idaho
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      • Nevada
      • New Mexico
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      Midwest

      • Illinois
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      Northeast

      • Connecticut
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      South

      • Alabama
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      • Oklahoma
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      • Tennessee
      • Texas
      • Virginia
      • West Virginia

      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

  • Resources
    • Blog
    • Scholarships
    • What is an MBA