With more than six million residents, Maryland ranks 19th in the U.S. in terms of population, but 42nd in geographical size. This densely populated state has several major cities where its population is concentrated. Baltimore is the largest city, with approximately 621,000 residents, followed by Columbia. The state capital of Annapolis is home to the U.S. Naval Academy. Maryland is located on the Atlantic coast and its geography includes the Blue Ridge Mountains and Chesapeake Bay.
There are 57 accredited colleges and universities and 16 community colleges in Maryland. The University System of Maryland includes 12 colleges, and Maryland Online consists of 20 member institutions providing online degrees. Students pursuing an online MBA in Maryland have a variety of higher education institutions to choose from, and benefit from the state’s strong economy and job market.
Maryland residents are highly educated. According to the state’s department of commerce, 38.8% of residents hold a bachelor’s degree – the third highest percentage in the nation – while 17.7% have a postsecondary degree. The majority of Maryland’s higher education institutions are located in Baltimore, including Johns Hopkins University, the University of Maryland – Baltimore, Loyola University, and Morgan State University. The city has the highest median annual income in the country at $78,945. However, the cost of living in Baltimore is 16% higher than the national average.
Reducing costs is one motivating factor for students seeking MBA programs online. By taking classes online, students typically save a significant amount of money in textbooks, commuting, and fees. Tuition is usually lower for in-state students.
There are several options for those seeking a Maryland online MBA. Tuition can be based on credits instead of residency, as with the school of business at the University of Maryland and the Johns Hopkins Flexible MBA. The state is also part of the 15-member Academic Common Market, which provides in-state tuition rates to out-of-state students if their desired program and its delivery method aren’t available in their state. Some institutions have program-specific scholarships, like the University of Maryland – University College’s Alumni Winter Term Scholarship, which awards up to $1,000 to alumni enrolling in an MBA program. Financial aid and payment plans are also often available.
Most Maryland online MBA programs are 24 months long, but the program at Johns Hopkins takes two and a half years. Please note that on-campus courses or short residency visits may be required depending on the specific program. Some programs have GMAT waiver options, including Frostburg State University and the University of Maryland. These waivers have professional work experience and undergraduate GPA requirements, and are not commonly awarded.
|Percentage of Students Enrolled by Distance Education|
MBA Concentrations for Maryland Students
Maryland’s largest industry is healthcare, which employs tens of thousands of people through a variety of organizations statewide. Major international and domestic companies are also housed in-state, and actively add jobs to the private sector on a monthly basis. As a result, the following MBA concentrations would best assist students planning to seek employment in Maryland after graduation. However, online MBA Maryland students should select the concentration that best aligns with their interests and future employment goals.
- Healthcare Management: Students learn how to navigate the rapidly changing healthcare industry, while applying business, communication, and managerial skills to improve healthcare organizations. Coursework emphasizes ethical and legal considerations.
- International Business: Skillsets acquired include negotiating, working with cultural considerations, and forging alliances. Students gain a thorough understanding of the global marketplace and how to expand a domestic company into a multinational one.
Accreditation in Maryland
When researching online MBA programs in Maryland, it’s important to verify accreditation by the Association to Advance Collegiate Schools of Business (AACSB) International. The organization standardizes the quality of business programs to advance business leadership. Earning an accredited postsecondary degree is integral to advancing career opportunities and expanding professional networks.
The college or university offering the online MBA should also hold regional accreditation by the Middle States Commission on Higher Education. This accreditation body is one of six regional organizations recognized by the U.S. Department of Education. Their high standards qualify institutions and their programs as reputable, and allow credits to be easily transferred. Regional accreditation is preferable over national, with the exception of specialized vocational institutions which require different standards.
Located near Washington, D.C., Maryland is home to a variety of federal agencies, including the Department of Homeland Security, the Social Security Administration, and the National Institutes of Health. Its top industries are healthcare and social assistance, with Johns Hopkins Medical Institutions and the University of Maryland Medical System employing approximately 24,000 people each. Military and higher education institutions are also major state employers, and corporations like McCormick & Company and Under Armour are significant job producers. In total, Maryland is home to approximately 168,000 businesses, with many in the technology and biosciences sectors.
The state’s unemployment rate has consistently remained below the national average in the recent past (September 2017: 3.8% versus the national 4.2%). More than 130,000 jobs have been added to the state’s economy since the start of 2015, with an average of more than 2,000 new jobs each month. Online MBA Maryland graduates can expect ample opportunities for employment in the state’s metropolitan areas, namely Baltimore and Columbia, and in smaller cities where companies and major institutions are located.
Top Employers in Maryland
|Company||Industry||Headquarters City||Number of Employees|
|Marriott International||Food and lodging services||Bethesda||10,400|
|Northrop Grumman||Electronic systems||Linthicum||10,365|
Maryland’s various industries are both established and growing. According to its Department of Commerce, Maryland has the nation’s largest segment of professional and technical employees, with 28.3% of employees in the state working in these capacities. Holding an MBA degree further improves the job and salary opportunities available in Maryland.
The comprehensive business topics examined during the course of an MBA program assist students with improving leadership, communication, analytical, and management knowledge. Coursework prepares students for situations they will encounter in their workplaces, and develops the critical thinking and decision-making skills required by successful business leaders.
MBA graduates earn higher salaries than their peers with bachelor’s and associate degrees in business. They are also best positioned for management jobs, making it possible to attain professional goals faster. Earning an MBA opens the door to employment opportunities not necessarily available to those without this credential.
|Average Salary by Degree|
Careers for MBAs in Maryland
As you research the best online MBA programs in Maryland, keep these career opportunities in mind.
- Medical and Health Services Managers
These executives manage operations of hospitals, medical offices, and healthcare practices. They are responsible for strategic planning, budgeting, regulation adherence, and general oversight of healthcare delivery and employees. The field is projected to grow faster than others, at 20% between 2016 and 2026. Healthcare is Maryland’s largest employment sector and employees can expect consistent and rising wages. The median pay in Baltimore is $56,272.
- Human Resources Managers
This position is responsible for employee recruitment, hiring, and retention, as well as benefits administration and serving as the employee liaison to the management team. The field is projected to continue growing at a normal rate and the median salary is $67,120 in Baltimore.
- Financial Managers
These highly paid managers – enjoying a median rate of $121,750 per year nationally – direct the financial aspects of a company’s operations. They analyze data, create reports, and develop strategic plans. This in-demand profession is growing at a rate of 19%, much higher than the national average. Baltimore’s median salary for this position is $86,636.
- Postsecondary Education Administrators
These managers direct certain functions of higher education institutions, such as admissions, academic departments, or registrar offices. The need for these managers is increasing and is projected to expand by 10% through 2026. Maryland is home to many higher education institutions that offer these positions. The median pay in Baltimore for this job is $65,039.
- Advertising, Promotions, and Marketing Managers
These professionals direct the advertising, marketing, and public relations strategies of companies and organizations. They develop and execute strategic marketing plans and manage related budgets. The field is maintaining average growth. Maryland employees have many opportunities in these roles due to the large number of companies, higher education institutions, and organizations located in the state. The national average salary is more than $127,000. Marketing managers in Baltimore can expect to earn a median pay of $64,379.
The following list of online MBA programs in Maryland will help you determine the best option to meet your educational and career goals. By reviewing admission requirements, degree concentrations, delivery methods, and tuition and fees, you will be able to find a program that also fits your financial and lifestyle needs. Please note that every school listed below is accredited.
|Rank||School||Location||Cost||Toggle||Logo||Tuition||% Receiving Financial Aid||Student Population||School Type||Description|
University of Baltimore
|Location Baltimore, MD||Tuition||Tuition $32,976||% Receiving Financial Aid 54%||Student Population 6,229||School Type Public||View School Profile|
Capitol Technology University
|Location Laurel, MD||Tuition||Tuition $21,060||% Receiving Financial Aid 47%||Student Population 804||School Type Private||
ConcentrationsView School Profile
Washington Adventist University
|Location Takoma Park, MD||Tuition||Tuition $23,125||% Receiving Financial Aid 79%||Student Population 1,044||School Type Private||View School Profile|
Frostburg State University
|Location Frostburg, MD||Tuition||Tuition $15,444||% Receiving Financial Aid 60%||Student Population 5,756||School Type Public||View School Profile|
Johns Hopkins University
|Location Baltimore, MD||Tuition||Tuition $71,820||% Receiving Financial Aid 39%||Student Population 22,686||School Type Private||
ConcentrationsView School Profile
University of Maryland - University College
|Location Adelphi, MD||Tuition||Tuition $24,984||% Receiving Financial Aid 30%||Student Population 50,248||School Type Public||View School Profile|
University of Maryland
|Location College Park, MD||Tuition||Tuition $87,318||% Receiving Financial Aid 35%||Student Population 39,083||School Type Public||
ConcentrationsView School Profile
Morgan State University
|Location Baltimore, MD||Tuition||Tuition $30,000||% Receiving Financial Aid 76%||Student Population 7,725||School Type Public||View School Profile|
|Location Salisbury, MD||Tuition||Tuition $22,500||% Receiving Financial Aid 52%||Student Population 8,671||School Type Public||View School Profile|
There are many important considerations to make before settling on an online MBA program in Maryland. 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.