5 Best Online MBA Programs in Maryland in 2022
| OnlineMBA.com Staff Modified on June 1, 2022
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Earning an online MBA in Maryland is an excellent first step toward a lucrative business career in the state. According to the U.S. Bureau of Labor Statistics (BLS), business and financial professionals in Maryland earn a mean annual salary of $80,870 -- higher than the national mean salary for such professionals. Moreover, nearly 13% of Maryland residents hold a master's degree, and online education is gaining popularity in the state. Of Maryland's approximately 71,000 graduate students, more than 22,000 study in an exclusively distance format.
This page features a list of MBA programs in Maryland and provides the information you need to decide whether a Maryland business school would suit you. Read on to learn about Maryland's largest employers, the state’s booming industries, and which Maryland cities boast the most job opportunities. This page also offers an in-depth look at several possible business careers available to graduates of online MBA programs in Maryland.
Careers and Salaries for MBA Graduates in Maryland
The Baltimore Workforce Development Board reports that Maryland’s fastest-growing careers include information security analyst, forensic scientist, and computer systems analyst. An MBA can serve as a starting point for graduates pursuing these careers. Moreover, online MBA programs allow students to take advantage of projected growth for these occupations, allowing learners to gain professional experience at their jobs while earning advanced degrees.
Centrally located on the East Coast, the biohealth and life sciences industry in Maryland offers opportunities throughout the state. These include over 2,360 life science firms and 500 biotech companies. Of Maryland's major metropolitan areas, Baltimore and Washington, D.C. offer the most job opportunities in biotech and cybersecurity. The state houses some of the leading security agencies for IT and cybersecurity professionals. Data indicates that Maryland offers around 110,000 open positions for professionals with advanced degrees in the field.
Furthermore, of the organizations mentioned on the Cybersecurity 500 list, 15 base their businesses out of Maryland. The advanced manufacturing industry comprises over 3,900 organizations, all demanding highly skilled leaders throughout the state. The Port of Baltimore is one the top deepwater ports in the country, delivering over one-third of America's products. Similarly, Maryland features four foreign trade zones and international airports that move manufacturing products.
|Company||Location||Main Industry||Number of Employees|
|Patuxent Institute||Jessup||Statue Correctional Services||15,000|
|U.S. Social Security Administration||Baltimore||Social Services||11,400|
|University of MD Medical Center||Baltimore||Healthcare||10,494|
Source: Career One Stop
The careers listed in the above table reflect the largest employers in Maryland. Large-scale organizations need effective leaders who can improve and protect the bottom line. Professionals holding MBA degrees may qualify for opportunities offered by these organizations. MBA programs teach students to operate businesses efficiently and qualifying graduates to work with these employers, depending on their concentration.
MBA concentration options include asset management, strategic operations management, homeland security, accounting, and innovation management.
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Careers for MBA Grads in Maryland
Operations managers plan and oversee various activities at organizations in the public and private sectors. They may direct operations related to human resources, purchasing, manufacturing, or sales. They sometimes assume responsibility for directing general activities that do not strictly fall under a specific department. An MBA offers wide-ranging business knowledge, preparing prospective operations managers to take on a variety of responsibilities.
According to the BLS, general and operations managers in Maryland earn a mean salary of $136,080 per year. Projections Central expects a 6.9% increase in job opportunities for operations managers in Maryland from 2016-2026.
Maryland is home to more than 500 biotechnology companies, making the state an excellent location to launch a business analysis career in the biotech industry. Business analysts, sometimes called business development analysts, conduct research and analyze trends to grow their organization. They review current business operations and offer recommendations to improve efficiency and business performance.
Business development analysts in Baltimore earn $50,850 per year, while those in Bethesda take home $57,390 annually. According to Projections Central, market research analysts in Maryland earn an annual mean salary of $67,900 and should see a 7.5% increase in job opportunities from 2016-2026.
Program project managers are senior-level staff members who oversee teams and direct projects from start to finish. Project managers work in many industries, including some of the top sectors in Maryland. They manage schedules, budgets, and plans related to particular projects, and they can work with multiple departments. These professionals need skills in organization, communication, and leadership. They often hold master's degrees in fields like information technology or business administration.
According to data from PayScale, project managers in Maryland earn a median annual salary of $78,000.
Natural sciences managers direct operations and research activities for organizations in the life sciences, mathematics, statistics, and physical sciences fields. They often work in scientific research, government agencies, and pharmaceutical manufacturing. They need strong knowledge of their scientific field, and many choose to develop their general management abilities through MBA programs.
Since 2,700 life sciences companies operate in Maryland, the state is a great place to look for natural sciences management jobs. Natural sciences managers in Maryland enjoy an annual mean salary of $142,920. From 2016-2026, Projections Central expects 3.9% growth in job positions for natural sciences managers in Maryland.
Professional services managers typically work in businesses that sell technical products, such as enterprise software. Professional services managers organize projects, meet with clients, and facilitate communication between technical and sales departments. They may collaborate with their organization’s research and development division, as well.
These professionals generally need an undergraduate degree in computer science, and they would benefit from the communication, management, and analysis skills developed by an MBA program.
Projections Central expects a 6.2% increase in positions for Maryland's computer and information systems managers over the next several years. These professionals earn a mean salary of $154,870 per year.
MBA Concentrations for Maryland Students
Students can pursue a concentration for their Maryland online MBA to prepare for a particular business administration career. When choosing a specialization, learners should consider their personal interests and career goals. They should also account for Maryland's growing occupations and most important industries.
Key industries in Maryland include information technology, cybersecurity, manufacturing, aerospace, financial services, and agriculture. Occupations in Baltimore with the most job openings include operations manager, management analyst, and business operations specialist. Visit this specializations hub to learn more about MBA focus areas.
Maryland's Best Online MBA Programs
Students researching online MBA programs in Maryland should aim for the best. We have done the research and compiled a ranking of the top five online MBAs in Maryland. All of these schools are accredited regionally or nationally, and individual programs may also hold industry-specific accreditation.
The accreditation process, conducted by independent organizations since the 1880s, ensures that a school provides high-quality education. Accrediting bodies for the schools on this list include:
- Middle States Commission on Higher Education (MSCHE)
- Association to Advance Collegiate Schools of Business (AACSB)
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