2022 Best MBA Programs in Maine

Research the best MBA programs in Maine by concentrations offered, how the MBA programs are offered (full-time, part-time, online, weekend and evenings), rankings by publication, cost of tuition, number of alumni, GMAT requirements and more.

To meet the diverse needs of Maine businesses, MBA programs here have risen to the challenge by offering you an array of more than 18 MBA concentrations to specialize in.

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. You will find 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.

Maine has 3 Accredited MBA programs. There are 0 private and 2 public schools offering MBA programs.

Research additional school detail on the school summary pages, in the tables and charts below and throughout the site.

MBA Program Comparisons: Maine vs Online vs U.S.

Compare MBA Programs Averages	Maine MBA Programs	Online MBA Programs	MBA Programs in the US
Average MBA Tuition	$20,969	$33,130	$39,291
Average GMAT Scores	544	530	543
Average Full-Time MBA Faculty	25	65	63
Average MBA Student Faculty Ratio	33:50	249:100	129:50
Average # of MBA Faculty with Doctorate	72.20%	83.44%	83.98%
Average Full-Time MBA Enrollment	58	199	239
Average Part-Time MBA Enrollment	242	387	318
Average % of MBA Students from U.S.	N/A	76%	75%

Rankings 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

Salaries for MBA Graduates 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.

In-Person

• 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

Online

• 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

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.

In-Person

• 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

Online

• 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

GMAT Scores Needed for MBA Programs 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.

In-Person

• 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

Online

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

 

Student Enrollment for Maine MBA Programs

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.

In Person

• Lowest: 58 from University of Maine
• Highest: 58 from University of Maine
• Average: 58 from Maine's 3 MBA Programs.
• Average: 243 from 876 the nation's campus MBA Programs.

Online

• Lowest: 58 from University of Maine
• Highest: 58 from University of Maine
• Average: 58 from Maine's 1 MBA Programs.
• Average: 199 from 324 nation's online MBA Programs.

Percent of Global MBA Student Population

The MBA programs in the United States are coveted around the world and attract a healthy percentage of global students each year. A culturally diverse student population is especially important in an ever-changing global economy. With increasing globalization, a well diversified student body from outside the United States can provide much needed global world-view as well as valuable networking opportunities.

In Maine the percentage of students from the United States varies from a low of N/A to a high of N/A.

For online programs in  Maine the percentage of students from the United States varies from a low of N/A to a high of N/A.

In Person

• Lowest: N/A from N/A
• Highest: N/A from N/A
• Average: N/A from Maine's 2 in-person MBA Programs.
• Average: 75% from 590 nation's in-person MBA Programs.

Online

• Lowest: N/A from N/A
• Highest: N/A from N/A
• Average: N/A from Maine's 1 online MBA Programs.
• Average: 76% from 324 nation's online MBA Programs.

MBA Concentrations Available from MBA Programs 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 18 MBA concentrations including:

• Accounting: 3
• General Business: 2
• Marketing: 2
• Management: 2
• International Business: 2
• Data Analytics: 2
• Information Systems: 2
• Finance: 2
• Healthcare Administration: 1
• Entrepreneurship: 1

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

• University of Southern Maine: 14
• University of Maine: 12
• Thomas College: 1

 Student / Faculty Ratio for MBA Programs in Maine

Quality MBA programs invest in the number of professors relative to the students attending the program. Commonly known as the Student Faculty ratio. Generally, the lower the ratio, the better it is for students. MBA students will get the personalized one-on-one attention from faculty mentors that have extensive experience in the industry. The Student/Faculty metric is a matter of personal preference and for those students who excel in lecture hall environments, you may not need the low student/faculty ratio.

In Maine the student faculty ratio for MBA programs ranges from the lowest (best) of 23:50 the highest (less desirable) of 43:50. For online MBA programs thee student faculty ratio for MBA programs ranges from the lowest (best) of 43:50 the highest (less desirable) of 43:50.

In Person

• Lowest: 23:50 from University of Southern Maine
• Highest: 43:50 from University of Maine
• Average: 33:50 from Maine's 2 MBA Programs.
• Average: 129:50 from 590 the nation's campus MBA Programs.

Online

• Lowest: 43:50 from University of Maine
• Highest: 43:50 from University of Maine
• Average: 43:50 from Maine's 1 MBA Programs.
• Average: 249:100 from 324 nation's online MBA Programs.

Full-Time Faculty

Highly competitive MBA schools recruit part-time and full-time professors that are both academics and industry influencers. They are the subject matter experts in their respective field. Most business professors have experienced success in the corporate world and have written extensively in their chosen field. The number of highly-qualified full-time faculty is directly related to the reputation of most elite MBA programs.

The number of full-time faculty for MBA programs in Maine ranges from a low of 25 professors to a high or 25.

• Lowest: 25 from University of Southern Maine
• Highest: 25 from University of Southern Maine
• Average: 25 from Maine's 3 MBA Programs
• Average: 65 from 324 Online MBA Programs

Percent of Faculty with a PhD

Another high-level perspective to consider when determining the quality of an MBA faculty is to note the number of faculty who have earned a PhD in their respective area of excellence. Note to writer - create a fuller amount of content for this section.

In Maine MBA programs range from 72.20% of the faculty having a PhD to a 72.20% of the MBA faculty having a PhD.

• Lowest: 72% from University of Southern Maine
• Highest: 72% from University of Southern Maine
• Average: 72% from Maine's 3 MBA Programs
• Average: 83% from 324 Online MBA Programs

 

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 in Maine with Accredited MBA Programs

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. The following is a list of cities in Maine with accredited MBA programs: Orono and Portland.

Table of Best Ranked MBA Programs in Maine