Online MBA Programs in Maine
Choosing a Maine MBA program is a major decision and involves many factors. Program costs, length, and available concentrations are important variables to research. The following is a comprehensive list to online MBA programs in Maine.
|Rank||School||Location||Cost||Toggle||Logo||Tuition||% Receiving Financial Aid||Student Population||School Type||Description|
|Location Bangor, ME||Tuition $$$$$||Tuition $16,704||% Receiving Financial Aid 74%||Student Population 3,500||School Type Private||
A private school in Bangor, Maine, Husson University hails as one of three universities in the area. Established in 1898, the university offers a variety of professional programs for over 3,000 undergraduates and 800 graduate students each year.
Husson offers a 36-credit MBA in various modalities, including entirely online. This online MBA in Maine features a management curriculum, emphasizing accounting and finance, operations, and marketing. Students also develop leaderships skills, like effective communication and establishing interpersonal relations. Part-time students can complete program requirements in two years without any interruption to their careers. In total, there are eight concentrations to choose from, including the in-demand data analytics specialization.
Those without an undergraduate degree in business must take the Academic Level Course to get up to speed academically. Husson University of Maine online MBA applicants can submit transfer consideration for up to six credits of appropriate graduate-level course work.
University of Maine
|Location Orono, ME||Tuition $$$$$||Tuition $13,620||% Receiving Financial Aid 63%||Student Population 10,922||School Type Public||
The AACSB-accredited online MBA at the University of Maine requires 30 credits of coursework, which a student can complete entirely online or in a hybrid class structure. Students take a total of 10 courses in this online MBA in Maine, which the university calls "the essential MBA," as it builds around certain business essentials: accounting, finance, marketing, and management.
Students may begin their MBA studies in the fall, spring, or summer semesters, whichever works best for them and their schedule. Though entirely online, the program uses both asynchronous and synchronous participation. This requirement varies by course and instructor; however, all synchronous participation takes place in the evenings according to east-coast time. Learners should expect to attend at least one synchronous session every week.
Maine accepts MBA applicants on a rolling basis. The school makes admissions decisions soon after receiving completed applications and offers lower tuition for online out-of-state students, which is around 38% less than out-of-state, on-campus tuition.
Saint Joseph's College of Maine
|Location Standish, ME||Tuition $$$$$||Tuition $21,588||% Receiving Financial Aid 65%||Student Population 2,581||School Type Private||
A Catholic, liberal arts college in Standish, Maine, SJC offers an online MBA that focuses on moral and ethical aspects of business. This school's online MBA require students to earn 39 to 42 credits. Founded in 1912, SJC welcomes students of all faiths and locations. The school's online enrollment more than doubles the on-campus numbers, with approximately 2,500 attending SJC from a distance.
Business students can choose between two programs from SJC's online MBA programs in Maine: foundational or leadership. The foundational MBA program, developed for entry-level business students, requires 39 credits. The leadership MBA, meanwhile, is best for students with at least two years of career experience behind them and requires three additional credits. The leadership MBA courses build on real-world application and draw upon the skills students already possess.
SJC considers transfer credit, which can reduce a student's degree requirements. Students can complete the foundational or leadership online MBA in Maine at SJC in as few as 18 months.
Why Consider an Online MBA in Maine?
According to data from Maine's Center for Workforce Research and Information, more than 75% of bachelor's degree holders over age 25 are employed. The same report shows that business and professional services make up much of the economic growth in the state in recent years.
According to U.S. News & World Report, the University of Maine offers one of the best online MBA programs in the country. Earning an online MBA in Maine offers learners the flexibility to take courses and complete their degrees in their own time, potentially leading to better job opportunities and a higher earning potential upon graduation.
Number of Students Enrolled in Distance Education (2015)
Source: Distance Education State Almanac
Distance Enrollment by Institution Type (2015)
|All Students||Graduate Students Enrolled in Any Distance|
Source: Distance Education State Almanac
MBA Concentrations for Maine Students
Earning an online MBA in Maine can help graduates find lucrative careers in some of the state's top industries. Company and enterprise management shows the greatest employment increase in recent decades in Maine, with 190% growth since 1990. An MBA provides students with the necessary skills to enter upper-level careers in this rapidly growing industry.
Pursuing a concentration can also allow students to specialize their degree and tailor it towards one of Maine's other top industries, like healthcare, or educational or administrative services. Specializing in any of the concentrations listed below can help MBA graduates begin careers in Maine's fastest-growing industries.
- Healthcare Management This concentration provides foundational knowledge of healthcare operations and management to prepare students for leadership roles in hospital administration.
- Athletic Administration The administrative and recreation fields are two of the fastest-growing industries in Maine. This concentration prepares students for careers spent managing athletic organizations, including roles like team manager or sports executive.
- Hospitality and Tourism Management This concentration explores trends and issues in the hospitality and tourism industry, preparing students to take on leadership roles. The leisure and hospitality industry in Maine has seen consistent growth in recent decades.
Accreditation in Maine
The best online MBA programs in Maine are offered through accredited institutions. These schools meet the strict academic and ethical standards set by quality control organizations known as accrediting bodies. Depending on the accrediting body that assesses a school, it may have regional or national accreditation.
Most nationally accredited schools are for-profit vocational or technical institutions, while nonprofit schools typically receive regional accreditation. Of the two types, regional accreditation is typically more prestigious. Credits earned at a nationally accredited school may not transfer as easily as those earned from their regionally accredited counterparts.
If you want to improve your career prospects with an online MBA, Maine offers many regionally accredited institutions.
Maine Economy, Career, and Job Outlook for MBA Graduates
Maine has seen a lot of growth in several industries recently. Often called the lobster capital of the country, Maine excels in the fishing and agriculture industries, with a great deal of its workforce employed in fishing, hunting, forestry, agriculture, and aquaculture. Many of these employers host headquarters in coastal cities like Portland, Freeport, and Brunswick.
These industries require professionals with managerial and business skills to keep production, manufacturing, and sales running and growing smoothly. Earning an online MBA in Maine helps graduates take on leadership and managerial positions in these industries.
Some of the industries offering the highest average weekly wages offer business and management positions. Those working in funds, trusts, and finance take home the highest average weekly pay, with employees in securities, commodities, and investments earning the second highest. Skills covered in online MBA programs prepare graduates for careers in these fields, making Maine an ideal place for MBA graduates to pursue careers.
These skills also apply to other thriving industries in the state, including top-paying areas like telecommunications, enterprise management, and professional and technical services. Below are a few of the biggest employers in Maine:
After earning an online MBA, Idaho graduates can fill high-paying roles in growing industries, including management, accounting, taxation, finance, and marketing.
|Company||Location||Main Industry||Number of Employees|
|Army National Guard||Houlton||Legislative Body||7,000|
|Maine Medical Center||Portland||General Medical||5,720|
|Maine General Health||Waterville||General Medical||4,000|
Source: U.S. Department of Labor
With hospitals and medical centers comprising Maine's top employers, many online MBA students in Maine pursue concentrations in healthcare management. Graduates of an online MBA qualify for upper-level positions in management and administration -- positions required and offered by employers in all kinds of fields and industries.
Careers for MBA Grads in Maine
Head executives, also called chief operating or executive officers, manage and oversee the day-to-day and big picture operations of organizations. They supervise staff, design and implement projects, and consult with a team of other executives to make financial decisions. Top executives earn a median salary of $104,980.
The finance and securities industries offer employees some of the highest salaries in Maine. Financial managers handle a company's finances, determining where to cut costs, where and how to invest, and how to grow profits. These managers may also work as consultants for multiple companies, advising on spending and investing. Financial managers earn a median salary of $127,990.
Training and development managers work in all kinds of industries, assisting companies with implementing new programs, technology, or procedures. These managers oversee training for staff members and work with vendors to select appropriate training materials. Training and development managers earn a median salary of $111,340.
Medical and health service managers, also called healthcare administrators, manage medical and healthcare facilities and organizations. They use their business and management skills to oversee clinical departments, handling billing, staffing, and compliance with regulations and policies. Healthcare administrators earn a median salary of $99,730.
Professionals with a background in business and marketing often work as public relations managers, serving as an intermediary between organizations and the public. They write and give press releases and often act as the face of a company. Those working for nonprofit organizations, including hospitals, may also facilitate fundraising efforts. Public relations and fundraising managers earn a median salary of $114,800.
How to Choose an Online MBA in Maine
There are many important considerations to make before settling on an online MBA program in Maine. These include factors discussed above like cost, accreditation, and available specializations. The following list includes some key steps to follow during the program research process for MBA options in any state.
Compare student outcomes data
Student outcomes include graduation rate, year-to-year retention rate, the average debt for a graduate from that school, and overall student satisfaction with their degree program. Student outcomes do not guarantee you will be satisfied with a particular program, but can be useful for pinpointing a school's strengths and weaknesses.
Estimate the expected costs of your programs
Virtually every accredited college or university posts tuition rates online. Additionally, you should research other college-related costs like living accommodations and meal plans (if you plan to live on-campus), administrative fees, and technology fees (for online students). You should also look into scholarships, grants, and other forms of institutional financial aid that can offset some of the costs.
Check that classes will fit in with your schedule
Scheduling is critical for students with other important commitments, such as childcare or full-time employment. Many online programs are asynchronous, or self-paced; students in these tracks are free to complete course requirements on their own schedule. Synchronous programs, on the other hand, require weekly online meetings with teachers and fellow students.
Look for partnerships with local businesses
A large number of online MBA programs include internship and/or capstone practicum requirements ― and in many cases, students are able to gain on-the-job training and real-world office experience. You should look into the school's business partnerships, particularly in regard to the industry you plan to enter after earning your MBA.
Make sure the program is accredited
Accreditation status should always be available and easily accessible on a school's website. In addition to regional or national accreditation, some MBA pathways receive programmatic accreditation. Recognized programmatic accreditors for MBA programs include the Accreditation Council for Business Schools and Programs (ACBSP) and the International Accreditation Counsel for Business Education (IACBE).
Talk to current students and/or recent alumni
You should contact the alumni office at each school you are considering and ask to be connected with former students. These individuals can be good sources of information about education costs, life on- and off-campus, local business tips, and other important details for aspiring MBA students.