2023 Best MBA Programs in Maryland

Compare MBA Degrees in Maryland for 2023

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 both online and on-campus 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.

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.

Compare MBA Program Averages Across

Maryland, the U.S. and Online

Table of Best Ranked MBA Programs in Maryland

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 $77,527, the lowest average MBA starting salary is $53,014 from Morgan State University, and the highest average MBA starting salary is $110,068 from Johns Hopkins University.

The average starting salary for graduates of an Online MBA program from an institution in Maryland is between $56,100 from Mount St. Mary’s University and $110,068 from Johns Hopkins University. The average starting MBA salary for graduates of online MBA programs within Maryland is $81,613.

Average Graduate Salaries for In-Person MBA Programs

• Average: $77,527 from Maryland's 10 In-Person MBA Programs
• Lowest In-Person: $53,014 from Morgan State University
• Highest In-Person:$110,068 from Johns Hopkins University

Average Graduate Salaries for Online MBA Programs

• Average: $81,613 from Maryland's 6 Online MBA Programs
• Lowest Online: $56,100 from Mount St. Mary’s University
• Highest Online: $110,068 from Johns Hopkins University

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 $45,838, the least expensive MBA program is $14,832 from Morgan State University, and the most expensive is $125,500 from Johns Hopkins University.

An Online MBA program from an institution in Maryland will cost you between $15,600 from Salisbury University and $125,500 from Johns Hopkins University. The average cost of online MBA programs within Maryland is $58,991.

Average Tuition for In-Person MBA Programs

• Average: $45,838 from Maryland's 10 in-person MBA Programs
• Lowest in-person: $14,832 from Morgan State University
• Highest in-person: $125,500 from Johns Hopkins University

Average Tuition for Online MBA Programs

• Average: $58,991 from Maryland's 6 online MBA Programs
• Lowest online: $15,600 from Salisbury University
• Highest online: $125,500 from Johns Hopkins University

What is the 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 139%, the lowest ROI is 44% from Johns Hopkins University, and the best ROI is 272% from Salisbury University.

The ROI from Online MBA programs in Maryland range between 44% from Johns Hopkins University and 272% from Salisbury University. The average ROI of online MBA programs within Maryland is 132%.

In-Person ROI for MBA Programs

• Average: 139% from Maryland's 10 in-person MBA Programs
• Lowest in-person: 44% from Johns Hopkins University
• Highest in-person: 272% from Salisbury University

Online ROI for MBA Programs

• Average: 132% from Maryland's 6 online MBA Programs
• Lowest online: 44% from Johns Hopkins University
• Highest online: 272% from Salisbury University

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 544, the lowest average GMAT score is for an MBA program is 400 from Salisbury University, and the highest GMAT score needed is 677 from University of Maryland.

The average GMAT score needed for an online MBA program from an institution in Maryland is between 400 from Salisbury University to 677 from University of Maryland. The average GMAT scored for online MBA programs within Maryland is 543.

Average GMAT Score for In-Person MBA Programs

• Average: 544 from Maryland's 10 in-person MBA Programs
• Lowest in-person: 400 from Salisbury University
• Highest in-person: 677 from University of Maryland

Average GMAT Score for Online MBA Programs

• Average: 543 from Maryland's 6 online MBA Programs
• Lowest online: 400 from Salisbury University
• Highest online: 677 from University of Maryland

Which MBA Schools Have the Highest Student Enrollment in 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 15 and 828. For part-time enrollment, the range is between 7 and 973.

Average Enrollment for Score for In-Person MBA Programs

• Lowest: 15 from Johns Hopkins University
• Highest: 828 from University of Maryland
• Average: 152 from Maryland's 13 MBA Programs.
• Average: 243 from 879 the nation's campus MBA Programs.

Average Enrollment for Score for Online MBA Programs

• Lowest: 15 from Johns Hopkins University
• Highest: 828 from University of Maryland
• Average: 200 from Maryland's 6 MBA Programs.
• Average: 201 from 327 nation's online MBA Programs.

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 31 MBA concentrations including:

• Marketing: 11
• Management: 11
• Finance: 10
• General Business: 8
• Supply Chain: 8
• Information Systems: 8
• Entrepreneurship: 8
• Accounting: 7
• International Business: 7
• Economics: 7

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

• University of Baltimore: 20
• Towson University: 19
• University of Maryland Eastern Shore: 15
• Johns Hopkins University: 15
• Loyola University Maryland: 14
• Frostburg State University: 14
• Morgan State University: 12
• Salisbury University: 10
• University of Maryland: 4
• Mount St. Mary’s University: 3

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 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

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 13 Accredited MBA programs. 1 private and 7 public schools offering MBA programs.

Maryland has 7 public schools and 1 private schools offering MBA degree programs.

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

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

To meet the diverse needs of Maryland businesses, MBA programs here have risen to the challenge by offering you an array of more than 31 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 13 accredited MBA programs offered in Maryland, 8 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 14 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
• Towson University: 1
• University of Maryland Eastern Shore: 1
• Loyola University Maryland: 1
• University of Baltimore: 1
• Salisbury University: 1
• Frostburg State University: 1
• Johns Hopkins University: 1

Publications and the number of awards granted for Maryland schools:

• MBAGuide: 8
• US News: 1
• Forbes: 1
• BW: 1
• FT: 1
• Economist: 1