Campus: College Park, Maryland
Base Program Cost: $79,974
Per Credit Hour: $1,481
Minimum Credit Hours: 54
GMAT Required: Yes
Minimum Time Commitment: 21 months
Online Concentrations: Marketing, Information Systems and Business Analytics, Accounting, Finance
On Campus Requirements: Two required 3-day residency periods
One of only 62 members of the prestigious Association of American Universities, the University of Maryland maintains a strict commitment to excellence in its programs and students. Consistently ranked in the top 25 schools nationwide for the business programs, The Robert H. Smith School of Business excels at adhering to this standard.
Located just outside Washington DC, the business school makes use of its proximity to the nation’s capital to recruit in-demand speakers and guest lecturers. Smith focuses on the evolving nature of modern business to create dynamic business leaders prepared to address the challenges of globalized competition.
The Smith School of Business’ prestigious reputation is further supported through its accreditation from the Association to Advance Collegiate Schools of Business (AACSB). As the oldest existing specialized accrediting agency for business, the AACSB stamp of approval is well-regarded throughout the world. Approximately 5% of business schools globally have earned this recognition.
Online students at UMD are offered five different specialization tracks:
- Information Systems & Business Analytics
An online education at the Smith School incorporates asynchronous classes, live streaming seminars and on-campus residencies to create a well-rounded experience. During on campus residencies, students are assigned Action Learning Projects that offer hands-on experience with US and international businesses. Throughout all segments of the program, students are challenged to apply business theory to real-world, modern problems.
Graduates leave the program prepared for leadership roles in a variety of industries. They enter the business world with an arsenal of practical solutions to contemporary problems and the critical thinking skills to tackle new and unforeseen issues. With an alumni community 57,000 strong, an MBA from UMD is guaranteed to offer plenty of networking opportunity alongside critical business skills.
There are six components to an Online MBA application at UMD:
- Resume: A minimum of two years professional experience is recommended, though more is useful to be competitive.
- Application Fee: A nonrefundable $75 application fee is required. This does not apply to UMD alumni and military students.
- Essays: One required and one optional
- Recommendation Letter: One professional or academic reference is required
- GMAT/GRE Scores: One of these tests is required for admission. The requirement may be waived for exceptional candidates.
- Transcripts: A 2.8 minimum GPA for undergraduate work is required.
Tuition and Financial Aid
Tuition at UMD comes in at $1,481 per credit hour, totaling $79,974 for the complete program. A mandatory technology fee of $132 is charged twice a year. There is no difference between in-state and out-of-state tuition.
Financial aid is available in a number of forms. Applicants are automatically considered for a select number of merit based scholarships. Federal aid is widely available. In addition, the school has partnerships with corporate sponsors to offer scholarships, as well as veterans’ tuition assistance.
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