2025 Best MBA Programs in Maryland

University of Maryland

Robert H. Smith School of Business

Location:

• College Park

,

• MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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• Tuition: $98,865
• Graduate Salary: $121,103
• Graduate ROI: 22%
• GMAT Required: Optional
• Avg. GMAT: 656
• Student / Faculty Ratio: 14:1
• Business School Enrollment: 4,666

Degree Level(s):

• Doctoral
• ·
• E-MBA
• ·
• Master
• ·
• MBA
• ·
• Undergraduate

Offered As:

• Campus
• ·
• Distance Education
• ·
• Evenings
• ·
• Full-Time
• ·
• Off Campus
• ·
• Online
• ·
• Part-Time
• ·
• Weekends

• Concentrations: 21

• Accounting
• Corporate Finance
• Data Analytics
• E-Commerce
• Entrepreneurship
• Finance
• General Business
• Global Management
• Human Resources
• Information Systems
• Insurance
• International Business
• Leadership
• Management
• Manufacturing
• Marketing
• Operations Management
• Organizational Behavior
• Quantitative Methods
• Supply Chain

• Rankings

• City Rank: 1
• State Rank: 1
• National Rank: 27
• Online Rank: 12

Johns Hopkins Carey Business School

Johns Hopkins University

Location:

• Baltimore

,

• MD

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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• Tuition: $133,000
• Graduate Salary: $127,044
• Graduate ROI: -4%
• GMAT Required: Yes
• Avg. GMAT: 673
• Student / Faculty Ratio: 13:1
• Business School Enrollment: 2,694

Degree Level(s):

• Master
• ·
• MBA

Offered As:

• 1-Year
• ·
• Campus
• ·
• Distance Education
• ·
• Evenings
• ·
• Full-Time
• ·
• Online
• ·
• Part-Time
• ·
• Partnership
• ·
• Weekends

• Concentrations: 8

• Corporate Finance
• Finance
• General Business
• Healthcare Administration
• Information Systems
• Marketing
• Other
• Real Estate

• Rankings

• City Rank: 1
• State Rank: 2
• National Rank: 94
• Online Rank: 62

University of Baltimore

Robert G. Merrick School of Business

Location:

• Baltimore

,

• MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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• Tuition: $35,128
• Graduate Salary: $77,400
• Graduate ROI: 120%
• GMAT Required: Yes
• Avg. GMAT: 590
• Student / Faculty Ratio: 10:1
• Business School Enrollment: 687

Degree Level(s):

• Master
• ·
• MBA
• ·
• Undergraduate

Offered As:

• Campus
• ·
• Distance Education
• ·
• Evenings
• ·
• Full-Time
• ·
• Online
• ·
• Part-Time
• ·
• Partnership
• ·
• Weekends

• Concentrations: 21

• Accounting
• Corporate Finance
• Cybersecurity
• Data Analytics
• E-Commerce
• Entrepreneurship
• Finance
• General Business
• Global Management
• Healthcare Administration
• Human Resources
• Information Systems
• Insurance
• International Business
• Law
• Leadership
• Management
• Marketing
• Other
• Public Administration
• Real Estate
• Taxation

• Rankings

• City Rank: 2
• State Rank: 3
• National Rank: 133
• Online Rank: 92

Towson University

College of Business and Economics

Location:

• Towson

,

• MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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• Tuition: $24,084
• Graduate Salary: $69,150
• Graduate ROI: 187%
• GMAT Required: Yes
• Avg. GMAT: 637
• Student / Faculty Ratio: 14:1
• Business School Enrollment: 2,903

Degree Level(s):

• Master
• ·
• Undergraduate

Offered As:

• Campus
• ·
• Evenings
• ·
• Full-Time
• ·
• Off Campus
• ·
• Part-Time
• ·
• Partnership
• ·
• Weekends

• Concentrations: 15

• Accounting
• Corporate Finance
• Data Analytics
• E-Commerce
• Economics
• Entrepreneurship
• Finance
• Global Management
• Human Resources
• International Business
• Management
• Marketing
• Operations Management
• Quantitative Methods
• Supply Chain

• Rankings

• City Rank: 1
• State Rank: 4
• National Rank: 151

Frostburg State University

College of Business

Location:

• Frostburg

,

• MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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• Tuition: $16,740
• Graduate Salary: $83,700
• Graduate ROI: 400%
• GMAT Required: Yes
• Avg. GMAT: 550
• Student / Faculty Ratio: 8:1
• Business School Enrollment: 449

Degree Level(s):

• MBA
• ·
• Undergraduate

Offered As:

• Campus
• ·
• Distance Education
• ·
• Evenings
• ·
• Full-Time
• ·
• Off Campus
• ·
• Online
• ·
• Part-Time
• ·
• Weekends

• Concentrations: 12

• Accounting
• Corporate Finance
• Economics
• Entrepreneurship
• Finance
• Global Management
• Hospitality Management
• Human Resources
• Insurance
• International Business
• Management
• Marketing

• Rankings

• City Rank: 1
• State Rank: 5
• National Rank: 254
• Online Rank: 183

Loyola University Maryland

Sellinger School of Business and Management

Location:

• Baltimore

,

• MD

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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• Tuition: $59,950
• Graduate Salary: $60,182
• Graduate ROI: 0%
• GMAT Required: No
• Avg. GMAT: 576
• Student / Faculty Ratio: 13:1
• Business School Enrollment: 1,561

Degree Level(s):

• Master
• ·
• MBA
• ·
• Undergraduate

Offered As:

• Campus
• ·
• Evenings
• ·
• Full-Time
• ·
• Part-Time
• ·
• Weekends

• Concentrations: 11

• Accounting
• Corporate Finance
• Data Analytics
• Economics
• Finance
• General Business
• Global Management
• International Business
• Leadership
• Management
• Marketing

• Rankings

• City Rank: 3
• State Rank: 6
• National Rank: 275

Morgan State University

Earl G. Graves School of Business and Management

Location:

• Baltimore

,

• MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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• Tuition: $19,314
• Graduate Salary: $80,000
• Graduate ROI: 314%
• GMAT Required: No
• Avg. GMAT: 500
• Student / Faculty Ratio: 17:1
• Business School Enrollment: 1,744

Degree Level(s):

• Doctoral
• ·
• Master
• ·
• MBA
• ·
• Undergraduate

Offered As:

• Campus
• ·
• Online Full-Time

• Concentrations: 8

• Accounting
• Entrepreneurship
• Finance
• Human Resources
• International Business
• Marketing
• Supply Chain

• Rankings

• City Rank: 4
• State Rank: 7
• National Rank: 361

Salisbury University

Franklin P. Perdue School of Business

Location:

• Salisbury

,

• MD

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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• Tuition: $20,792
• Graduate Salary: $59,700
• Graduate ROI: 187%
• GMAT Required: No
• Avg. GMAT: 531
• Student / Faculty Ratio: 13:1
• Business School Enrollment: 1,494

Degree Level(s):

• MBA
• ·
• Undergraduate

Offered As:

• 1-Year
• ·
• Campus
• ·
• Evenings
• ·
• Full-Time
• ·
• Online
• ·
• Part-Time
• ·
• Weekends

• Concentrations: 10

• Accounting
• Corporate Finance
• Economics
• Finance
• General Business
• Global Management
• Information Systems
• International Business
• Management
• Marketing

• Rankings

• City Rank: 1
• State Rank: 8
• National Rank: 419
• Online Rank: 309

Mount St. Mary's University

Richard J. Bolte, Sr. School of Business

Location:

,

• MD

Accredited:

• Avg. GMAT: 500

Degree Level(s):

Offered As:

• Concentrations: 3

• Business Analytics
• Finance
• Marketing

• Rankings

• City Rank: 19
• State Rank: 10
• National Rank: 537

Hood College

School of Business

Location:

,

• MD

Accredited:

Degree Level(s):

Offered As:

• Concentrations: 2

• Management
• Marketing

• Rankings

• City Rank: 50
• State Rank: 11
• National Rank: 642

University of Maryland

Robert H. Smith School of Business

Location:

,

• MD

Accredited:

Degree Level(s):

Offered As:

• Concentrations: 1

• Management

• Rankings

• City Rank: 102
• State Rank: 12
• National Rank: 783

Washington Adventist University

School of Graduate and Professional Studies

Location:

,

• MD

Accredited:

Degree Level(s):

Offered As:

• Concentrations: 3

• Finance
• Human Resources
• Marketing

• Rankings

• City Rank: 103
• State Rank: 13
• National Rank: 784

Compare MBA Program Averages in 2025
Maryland, the U.S. and Online

What is the Average Tuition for MBA Programs in Maryland?

If you plan on attending an MBA program, it’s best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An online MBA program can provide the flexibility of completing a program while being employed in your respective career.

While the average in-person MBA program in Maryland will cost about $54,827, the least expensive MBA program is $16,740 from Frostburg State University, and the most expensive is $133,000 from Johns Hopkins Carey Business School.

An Online MBA program from an institution in Maryland will cost you between $16,740 from Frostburg State University and $133,000 from Johns Hopkins Carey Business School. The average cost of online MBA programs within Maryland is $60,905.

Average Tuition for In-Person MBA Programs

Average: $54,827 from Maryland’s 7 in-person MBA Programs
Lowest in-person: $16,740 from Frostburg State University
Highest in-person: $133,000 from Johns Hopkins Carey Business School

What is the Average Graduate MBA Salary in Maryland?

While the average starting salary for graduates of an in-person MBA program in Maryland is about $87,018, the lowest average MBA starting salary is $59,700 from Salisbury University, and the highest average MBA starting salary is $127,044 from Johns Hopkins Carey Business School.

The average starting salary for graduates of an Online MBA program from an institution in Maryland is between $59,700 from Salisbury University and $127,044 from Johns Hopkins Carey Business School. The average starting MBA salary for graduates of online MBA programs within Maryland is $93,789.

Average Graduate Salaries for In-Person MBA Programs

• Average: $87,018 from Maryland’s 7 In-Person MBA Programs
• Lowest In-Person: $59,700 from Salisbury University
• Highest In-Person:$127,044 from Johns Hopkins Carey Business School

What is the Average ROI for MBA Programs in Maryland?

Choosing an MBA program requires more than a glance at the school’s reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.

By scrutinizing the ROI, you’re not just making a decision—you’re making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.

While the average in-person MBA program ROI from Maryland is 173%, the lowest ROI is -4% from Johns Hopkins Carey Business School, and the best ROI is 400% from Frostburg State University.

The ROI from Online MBA programs in Maryland range between -4% from Johns Hopkins Carey Business School and 400% from Frostburg State University. The average ROI of online MBA programs within Maryland is 145%.

In-Person ROI for MBA Programs

• Average: 173% from Maryland’s 7 in-person MBA Programs
• Lowest in-person: -4% from Johns Hopkins Carey Business School
• Highest in-person: 400% from Frostburg State University

What is the Average GMAT Score Needed for an MBA Program in Maryland?

The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.

While the average GMAT score needed for in-person MBA program in Maryland is 582, the lowest average GMAT score is for an MBA program is 500 from Morgan State University, and the highest GMAT score needed is 673 from Johns Hopkins Carey Business School.

The average GMAT score needed for an online MBA program from an institution in Maryland is between 531 from Salisbury University to 673 from Johns Hopkins Carey Business School. The average GMAT scored for online MBA programs within Maryland is 600.

Average GMAT Score for In-Person MBA Programs

• Average: 582 from Maryland’s 7 in-person MBA Programs
• Lowest in-person: 500 from Morgan State University
• Highest in-person: 673 from Johns Hopkins Carey Business School

No GMAT or GRE – Best MBA Programs in Maryland

MBA Schools with the Most Alumni Maryland?

The importance of networking, whether it’s by way of campus job fairs, student organization members, or faculty mentorship, should not be understated. The average MBA enrollment size has a direct impact on your studies, your job prospects, and your ability to define your career goals.

Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.

For Maryland state’s MBA programs, the range for full-time enrollment is between 41 and 1,123. For part-time enrollment, the range is between : 11.00 and : 1,571.00.

Average Enrollment for In-Person MBA Programs

• Lowest: 41 from Salisbury University
• Highest: 1,123 from Johns Hopkins Carey Business School
• Average: 286 from Maryland’s 7 MBA Programs.
• Average: 296 from 511 the nation’s campus MBA Programs.

What MBA Concentrations Available in Maryland?

Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Maryland businesses, MBA programs here have risen to the challenge by offering you an array of more than 29 MBA concentrations including:

• Marketing: 7
• Finance: 7
• Accounting: 6
• International Business: 6
• Corporate Finance: 6
• Management: 5
• General Business: 5
• Global Management: 5
• Human Resources: 4
• Entrepreneurship: 4

What Schools Offer the Widest Variety of MBA Concentrations in Maryland?

• University of Baltimore: 22
• University of Maryland: 20
• Frostburg State University: 12
• Loyola University Maryland: 11
• Salisbury University: 10
• Johns Hopkins Carey Business School: 8
• Morgan State University: 7

Cities Offering MBA Programs in Maryland

Looking for a particular city in Maryland with an accredited MBA program? Research and compare MBA programs from other cities in Maryland. Find online programs, programs by concentration, by average GMAT score and more.

• Baltimore
• College Park
• Frostburg
• Salisbury
• Towson

The Importance of MBA Accreditation

The importance of accreditation can’t be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.

AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.

MBA Program Options Available in Maryland

Options for earning your MBA in Maryland have never been more flexible. Maryland MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.

Maryland has 7 Accredited MBA programs. 0 private and 5 public schools offering MBA programs.

Maryland has 5 public schools and 0 private schools offering MBA degree programs.

7 Accredited MBA programs.  and 5 public schools offering MBA programs.

Maryland schools offer 11 different paths to earn your MBA in Maryland including Campus, Evenings, Full-Time, Part-Time, Weekends, Online, Distance Education, 1-Year, Off Campus, Partnership and Online Full-Time.

To meet the diverse needs of Maryland businesses, MBA programs here have risen to the challenge by offering you an array of more than 29 MBA concentrations to specialize in.

Awards for MBA Programs in Maryland

The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.

Of the 7 accredited MBA programs offered in Maryland, 6 of them have been recognized by at least one distinguished publication (MBAGuide, PQ, US News, Forbes, BW, FT and Economist) garnering an award as one of the best MBA programs in the country.

Maryland schools have earned a total of 12 Best MBA awards from publications. Here are the top MBA schools and the number of awards the each program has garnered:

• University of Maryland: 7
• Loyola University Maryland: 1
• University of Baltimore: 1
• Salisbury University: 1
• Frostburg State University: 1
• Johns Hopkins Carey Business School: 1

Publications and the number of awards granted for Maryland schools:

• MBAGuide: 6
• US News: 1
• Forbes: 1
• BW: 1
• FT: 1
• Economist: 1

How We Rank the Best MBA Programs in Maryland

MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.

Data sources: IPEDS, National Center of Educational Statistics, U.S. Department of Education, Institute of Education Sciences (ERIC), Association to Advance Collegiate Schools of Business (AACSB), 520 MBA Schools, U.S. Bureau of Labor Statistics (BLS). If you notice errors in the MBA program database, please contact us.

Find: MBA Programs in Maryland | Online MBA Programs in Maryland Rankings: MBA Program Rankings | Online MBA Program Rankings Guides: Guide to Earning an Online MBA | Guide to Earning an MBA Concentrations: Online MBA Concentrations | Campus MBA Concentrations