Aspiring MBA students should strongly consider earning their online business degrees in Maine. According to the state’s Center for Workforce Research and Information (an initiative of the Maine Department of Labor), workers involved in managing companies and enterprises have experienced a nearly 200% increase in employment since 1990 — substantially more than workers in any other Maine industry.
Distance learning is gaining popularity in Maine, as well. In 2015, nearly one-third of all undergraduate and graduate students took some distance courses. That same year, nearly half of Maine’s graduate learners enrolled in online classes.
This page explores the Maine economy, outlining some of the state’s largest employers and most important industries. The following sections detail several Maine MBA programs and career paths graduates can pursue after completing an online MBA in Maine.
Careers and Salaries for MBA Graduates in Maine
Maine has seen lots of recent growth in several industries. 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 feature 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.
The industries offering the highest average weekly wages employ people in 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 roles 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. See the list below to review some of Maine’s largest employers:
With hospitals and medical centers serving as Maine’s top employers, many online MBA students in Maine pursue concentrations in healthcare management. Online MBA graduates qualify for upper-level positions in management and administration.
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Careers for MBA Grads in Maine
Mayors, school superintendents, chief executive officers, and store owners all act as top executives in their respective fields. In large companies, top executives set organizational goals, appoint department heads, and develop new policies. In smaller organizations, they may coordinate hiring, train new employees, and directly supervise staff. Top executives often need MBAs, especially in larger corporations.
Financial managers may work as treasurers, risk managers, cash managers, or controllers. They fulfill a variety of duties to ensure their organization’s financial health. These professionals may forecast future financial needs, find ways to cut costs, oversee investment activities, or produce financial reports. Financial managers also make sure that their organizations comply with financial regulations. They typically need degrees in fields such as business administration, finance, or accounting.
Training and development managers may hold advanced degrees in business administration, training and development, organizational development, or human resources. They coordinate and oversee organizations’ training-related activities. For example, training and development managers evaluate employee training needs, review training materials from outside vendors, and assess the impact of training programs on job performance. They also manage department budgets and train instructors.
Maine’s training and development managers earn a mean annual salary of $96,670. Projections Central expects no growth for training and development managers in Maine in the long term.
Public relations managers work to preserve or improve their clients’ public image. To this end, they communicate with media outlets, craft a corporate image, and draft press releases. They may also monitor the news and respond to public perception issues. Fundraising managers often work for nonprofit organizations, where they secure donations through events and fundraising campaigns.
Projections Central expects positions for public relations and fundraising managers to grow by 2.3% in the coming years, less than the national average occupational growth rate. The state’s PR and fundraising managers earn $81,150 annually.
Medical and health services managers run medical facilities such as nursing homes, hospitals, and outpatient clinics. Some oversee an entire facility, while others focus on specific departments. They ensure quality care, maintain records, manage budgets, communicate with other department heads, and supervise a team of employees. Medical and health services managers benefit from an MBA or health administration degree.
In Maine, health services managers earn $87,010 annually. The healthcare industry ranks among the fastest-growing industries in Maine, and Projections Central expects health services management job opportunities in the state to grow by 12.5% from 2016-2026.
Most MBA programs require several core courses in fields like finance, accounting, leadership, and business strategy. Additionally, some programs let students fill out the rest of their curricula with classes in a concentration area, such as project management, IT management, or international business. Focus areas help graduates demonstrate specialized knowledge and impress potential employers.
Students enrolled in Maine online MBA programs might consider classes that relate to the state’s growing industries, which include educational services, healthcare and social assistance, and hospitality.
Check out this page to explore some common MBA concentrations in more detail.
Maine’s Online MBA Programs
The list below is a sampling of distance MBA programs in Maine. Consult it to gain a sense of available programs, learn about common courses and requirements, and identify the programs that best fit your learning preferences and professional goals.
All the schools below have been vetted by independent accrediting bodies, meaning they consistently provide a high-quality education. To learn more about business school accreditation and its importance, click here.
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.
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.
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.