2023 Best MBA Programs in Maine

Compare MBA Degrees in Maine for 2023

Key Highlights:

• • Comprehensive comparisons and data about tuition fees, average starting salaries, GMAT scores, and enrollment statistics for MBA programs in Maine. This information is vital for prospective students who are considering investing in an MBA program and want to understand the potential return on their investment.

• • Detailed profiles of both online and on-campus MBA programs in Maine. These profiles include information about the programs' strengths, unique specializations, faculty expertise, and alumni networks. This information can help prospective students align their study choice with their career ambitions.

• • Insights into Maine's diverse economic sectors, demonstrating how an MBA degree serves as a potent tool in these industries. An understanding of these sectors can help prospective students choose a concentration that will provide them with the skills they need to thrive in Maine's economy.

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.

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.

Compare MBA Program Averages Across

Maine, the U.S. and Online

Table of Best Ranked MBA Programs in Maine

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 $122,449, the lowest average MBA starting salary is $122,449 from University of Maine, and the highest average MBA starting salary is $122,449 from University of Maine.

The average starting salary for graduates of an Online MBA program from an institution in Maine is between $122,449 from University of Maine and $122,449 from University of Maine. The average starting MBA salary for graduates of online MBA programs within Maine is $122,449.

Average Graduate Salaries for In-Person MBA Programs

• Average: $122,449 from Maine's 2 In-Person MBA Programs
• Lowest In-Person: $122,449 from University of Maine
• Highest In-Person:$122,449 from University of Maine

Average Graduate Salaries for Online MBA Programs

• Average: $122,449 from Maine's 1 Online MBA Programs
• Lowest Online: $122,449 from University of Maine
• Highest Online: $122,449 from University of Maine

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 $20,969, the least expensive MBA program is $17,338 from University of Maine, and the most expensive is $24,600 from University of Southern Maine.

An Online MBA program from an institution in Maine will cost you between $17,338 from University of Maine and $17,338 from University of Maine. The average cost of online MBA programs within Maine is $17,338.

Average Tuition for In-Person MBA Programs

• Average: $20,969 from Maine's 2 in-person MBA Programs
• Lowest in-person: $17,338 from University of Maine
• Highest in-person: $24,600 from University of Southern Maine

Average Tuition for Online MBA Programs

• Average: $17,338 from Maine's 1 online MBA Programs
• Lowest online: $17,338 from University of Maine
• Highest online: $17,338 from University of Maine

What is the 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 353%, the lowest ROI is 353% from University of Maine, and the best ROI is 353% from University of Maine.

The ROI from Online MBA programs in Maine range between 353% from University of Maine and 353% from University of Maine. The average ROI of online MBA programs within Maine is 353%.

In-Person ROI for MBA Programs

• Average: 353% from Maine's 2 in-person MBA Programs
• Lowest in-person: 353% from University of Maine
• Highest in-person: 353% from University of Maine

Online ROI for MBA Programs

• Average: 353% from Maine's 1 online MBA Programs
• Lowest online: 353% from University of Maine
• Highest online: 353% from University of Maine

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 544, the lowest average GMAT score is for an MBA program is 500 from University of Maine, and the highest GMAT score needed is 587 from University of Southern Maine.

The average GMAT score needed for an online MBA program from an institution in Maine is between 500 from University of Maine to 500 from University of Maine. The average GMAT scored for online MBA programs within Maine is 500.

Average GMAT Score for In-Person MBA Programs

• Average: 544 from Maine's 2 in-person MBA Programs
• Lowest in-person: 500 from University of Maine
• Highest in-person: 587 from University of Southern Maine

Average GMAT Score for Online MBA Programs

• Average: 500 from Maine's 1 online MBA Programs
• Lowest online: 500 from University of Maine
• Highest online: 500 from University of Maine

Which MBA Schools Have the Highest Student Enrollment in 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 58 and 58. For part-time enrollment, the range is between 242 and 242.

Average Enrollment for Score for In-Person MBA Programs

• Lowest: 58 from University of Maine
• Highest: 58 from University of Maine
• Average: 58 from Maine's 3 MBA Programs.
• Average: 243 from 879 the nation's campus MBA Programs.

Average Enrollment for Score for Online MBA Programs

• Lowest: 58 from University of Maine
• Highest: 58 from University of Maine
• Average: 58 from Maine's 1 MBA Programs.
• Average: 201 from 327 nation's online MBA Programs.

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 23 MBA concentrations including:

• Accounting: 3
• Marketing: 3
• Real Estate: 2
• Economics: 2
• Entrepreneurship: 2
• Finance: 2
• General Business: 2
• Supply Chain: 2
• Human Resources: 2
• Information Systems: 2

Here are the top schools offering the widest variety of concentrations to choose from:

• University of Maine: 19
• University of Southern Maine: 13
• Thomas College: 6

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.

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

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 3 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.

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

Maine schools offer 9 different paths to earn your MBA in Maine including Online, Campus, Full-Time, 1-Year, Distance Education, Evenings and Weekends, Off Campus, Part-Time and Partnership.

To meet the diverse needs of Maine businesses, MBA programs here have risen to the challenge by offering you an array of more than 23 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 3 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