Popular Sections for Maryland MBA Students
Interactive Table | Best MBAs Detail | Tuition | Salary | ROI | Average GMAT | No GMAT / GRE | How We Rank
Executive Summary MBA Programs in Maryland for 2025
$53,253
Average MBA Tuition in Maryland
$83,235
Average Starting MBA Salary in Maryland
585
Average GMAT Scores in Maryland
1,899
Average Student Enrollment in Maryland
Key Highlights:
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- Comprehensive comparisons and data about tuition fees, average starting salaries, GMAT scores, and enrollment statistics for MBA programs in Maryland.
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- Detailed profiles of MBA programs in Maryland, their strengths, unique specializations, faculty expertise, and alumni networks are included to help align your study choice with your career ambitions.
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- Insights into Maryland's diverse economic sectors, demonstrating how an MBA degree serves as a potent tool in these industries.
Top 5 Industries and Companies Hiring MBA Graduates in Maryland
Maryland is home to a robust economy with several strong sectors. One of the most significant sectors is life sciences, thanks to the presence of world-renowned institutions like Johns Hopkins University and the National Institutes of Health. An MBA concentration in healthcare management or biotechnology management could provide substantial advantages here.
Information technology, particularly cybersecurity, is another dominant industry in Maryland. The state is often referred to as the "Silicon Valley of Cybersecurity," providing a wealth of opportunities for MBA graduates specializing in technology management or information systems.
Maryland also has a thriving manufacturing industry, particularly in the aerospace and defense sectors. This presents opportunities for MBA graduates with a focus on operations or supply chain management.
Lastly, the financial services industry in Maryland is robust and offers a wealth of opportunities for MBA graduates, particularly those with a focus on finance or investment management.
| Major Industries in Maryland | Relevance to MBA Students |
|---|---|
| Life Sciences | Ideal for MBA graduates specializing in healthcare management or biotechnology management. |
| Information Technology & Cybersecurity | Beneficial for those focusing on technology management or information systems. |
| Manufacturing (Aerospace & Defense) | Provides opportunities for MBA graduates specializing in operations or supply chain management. |
| Financial Services | Perfect for those focusing on finance or investment management. |
| Top Hiring Companies in Maryland | Why Work There |
|---|---|
| Lockheed Martin | A defense and aerospace industry leader with opportunities in operations, project management, and strategic planning. |
| Johns Hopkins Medicine | A globally-renowned healthcare institution with roles in healthcare management and administration. |
| Northrop Grumman | A major player in aerospace and defense, providing opportunities in operations and supply chain management. |
| T. Rowe Price | A financial services firm offering roles in investment management and strategic planning. |
| Under Armour | A popular apparel company offering roles in marketing, brand management, and strategic planning. |
Sortable Table of the Top AACSB Accredited MBA Programs in Maryland
Easily sort the interactive table below to find the best MBA programs by Rank, School Name, ROI, Tuition, Average Starting Salary, and Campus or Online to find and to compare MBA programs in Maryland. Click on any school for a comprehensive school profile.
| Rank | University | Avg. Graduate ROI | Avg. In State Tuition | Avg. Starting Salary | State | Campus and Online |
|---|---|---|---|---|---|---|
| 1 | University of Maryland | 120.00% | $95,013 | $120,446 | MD | Yes |
| 2 | Johns Hopkins Carey Business School | 82.00% | $144,000 | $118,758 | MD | Yes |
| 3 | University of Baltimore | 216.00% | $35,802 | $77,400 | MD | Yes |
| 4 | Frostburg State University | 338.00% | $16,740 | $56,600 | MD | Yes |
| 5 | Loyola University Maryland | 165.00% | $45,045 | $74,739 | MD | No |
| 6 | Morgan State University | 388.00% | $19,314 | $75,000 | MD | No |
| 7 | Salisbury University | 354.00% | $16,860 | $59,700 | MD | Yes |
10 Best Ranked 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
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- 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
Johns Hopkins Carey Business School
Johns Hopkins University
Location:
- Baltimore
,
- MD
Control: Private, not-for-profit
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- Master
- ·
- MBA
Offered As:
- 1-Year
- ·
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- Corporate Finance
- Finance
- General Business
- Healthcare Administration
- Information Systems
- Marketing
- Other
- Real Estate
University of Baltimore
Robert G. Merrick School of Business
Location:
- Baltimore
,
- MD
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- 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
Towson University
College of Business and Economics
Location:
- Towson
,
- MD
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Master
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- Accounting
- Corporate Finance
- Data Analytics
- E-Commerce
- Economics
- Entrepreneurship
- Finance
- Global Management
- Human Resources
- International Business
- Management
- Marketing
- Operations Management
- Quantitative Methods
- Supply Chain
Frostburg State University
College of Business
Location:
- Frostburg
,
- MD
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- Accounting
- Corporate Finance
- Economics
- Entrepreneurship
- Finance
- Global Management
- Hospitality Management
- Human Resources
- Insurance
- International Business
- Management
- Marketing
Loyola University Maryland
Sellinger School of Business and Management
Location:
- Baltimore
,
- MD
Control: Private
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Evenings
- ·
- Full-Time
- ·
- Part-Time
- ·
- Weekends
- Accounting
- Corporate Finance
- Data Analytics
- Economics
- Finance
- General Business
- Global Management
- International Business
- Leadership
- Management
- Marketing
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
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Online Full-Time
- Accounting
- Entrepreneurship
- Finance
- Human Resources
- International Business
- Marketing
- Supply Chain
Salisbury University
Franklin P. Perdue School of Business
Location:
- Salisbury
,
- MD
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- MBA
- ·
- Undergraduate
Offered As:
- 1-Year
- ·
- Campus
- ·
- Evenings
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- Accounting
- Corporate Finance
- Economics
- Finance
- General Business
- Global Management
- Information Systems
- International Business
- Management
- Marketing
Mount St. Mary’s University
Richard J. Bolte, Sr. School of Business
Location:
- Emmitsburg
,
- MD
Control: Private
Accredited: AACSB
Degree Level(s):
Offered As:
- Business Analytics
- Finance
- Marketing
Degree Level(s):
Offered As:
- Management
- Marketing
University of Maryland
Robert H. Smith School of Business
Location:
- College Park
,
- MD
Control: Public
Accredited: AACSB
Degree Level(s):
Offered As:
- Management
Washington Adventist University
School of Graduate and Professional Studies
Location:
- Takoma Park
,
- MD
Control: Private
Accredited: AACSB
Degree Level(s):
Offered As:
- Finance
- Human Resources
- Marketing
Compare MBA Program Averages in 2025
Maryland, the U.S. and Online
| Averages | Maryland MBA Programs | Online MBA Programs | MBA Programs Nationwide |
|---|---|---|---|
| Average MBA Tuition | $53,253 | $76,119 | $85,145 |
| Average Graduate Salary | $83,235 | $82,169 | $85,550 |
| Average ROI | 173% | 196% | 185% |
| Average GMAT Scores | 582 | 561 | 567 |
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 $53,253, the least expensive MBA program is $16,740 from Frostburg State University, and the most expensive is $144,000 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 $144,000 from Johns Hopkins Carey Business School. The average cost of online MBA programs within Maryland is $61,683.
Average Tuition for In-Person MBA Programs
Average: $53,253 from Maryland’s 7 in-person MBA Programs
Lowest in-person: $16,740 from Frostburg State University
Highest in-person: $144,000 from Johns Hopkins Carey Business School
Most Affordable MBAs in Maryland
- Frostburg State University - $16,740.00
- Salisbury University - $16,860.00
- Morgan State University - $19,314.00
- University of Baltimore - $35,802.00
- Loyola University Maryland - $45,045.00
- University of Maryland - $95,013.00
- Johns Hopkins Carey Business School - $144,000.00
Most Expensive MBAs in Maryland
- Johns Hopkins Carey Business School - $144,000.00
- University of Maryland - $95,013.00
- Loyola University Maryland - $45,045.00
- University of Baltimore - $35,802.00
- Morgan State University - $19,314.00
- Salisbury University - $16,860.00
- Frostburg State University - $16,740.00
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 $83,235, the lowest average MBA starting salary is $56,600 from Frostburg State University, and the highest average MBA starting salary is $120,446 from University of Maryland.
The average starting salary for graduates of an Online MBA program from an institution in Maryland is between $56,600 from Frostburg State University and $120,446 from University of Maryland. The average starting MBA salary for graduates of online MBA programs within Maryland is $86,581.
Average Graduate Salaries for In-Person MBA Programs
- Average: $83,235 from Maryland’s 7 In-Person MBA Programs
- Lowest In-Person: $56,600 from Frostburg State University
- Highest In-Person:$120,446 from University of Maryland
Schools with the Highest Graduate MBA Salaries in Maryland
- University of Maryland - $120,446.00
- Johns Hopkins Carey Business School - $118,758.00
- University of Baltimore - $77,400.00
- Morgan State University - $75,000.00
- Loyola University Maryland - $74,739.00
- Salisbury University - $59,700.00
- Frostburg State University - $56,600.00
Schools with the Lowest Graduate MBA Salaries in Maryland
- Frostburg State University - $56,600.00
- Salisbury University - $59,700.00
- Loyola University Maryland - $74,739.00
- Morgan State University - $75,000.00
- University of Baltimore - $77,400.00
- Johns Hopkins Carey Business School - $118,758.00
- University of Maryland - $120,446.00
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 Morgan State University.
The ROI from Online MBA programs in Maryland range between -4% from Johns Hopkins Carey Business School and 400% from Salisbury 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 Morgan State University
Highest ROI for MBA Programs in Maryland
- Morgan State University - 388.00%
- Salisbury University - 354.00%
- Frostburg State University - 338.00%
- University of Baltimore - 216.00%
- Loyola University Maryland - 165.00%
- University of Maryland - 120.00%
- Johns Hopkins Carey Business School - 82.00%
Lowest ROI for MBA Programs in Maryland
- Johns Hopkins Carey Business School - 82.00%
- University of Maryland - 120.00%
- Loyola University Maryland - 165.00%
- University of Baltimore - 216.00%
- Frostburg State University - 338.00%
- Salisbury University - 354.00%
- Morgan State University - 388.00%
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 Salisbury 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 Salisbury University
- Highest in-person: 673 from Johns Hopkins Carey Business School
Lowest GMAT Scores in Maryland
- Salisbury University - 531
- Morgan State University - 538
- Frostburg State University - 550
- Loyola University Maryland - 576
- University of Baltimore - 590
- University of Maryland - 640
- Johns Hopkins Carey Business School - 673
Highest GMAT Scores in Maryland
- Johns Hopkins Carey Business School - 673
- University of Maryland - 640
- University of Baltimore - 590
- Loyola University Maryland - 576
- Frostburg State University - 550
- Morgan State University - 538
- Salisbury University - 531
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.
Schools with the Lowest Student Enrollment in Maryland
- Johns Hopkins Carey Business School - 1,123
- University of Maryland - 348
- Loyola University Maryland - 94
- University of Baltimore - 68
- Frostburg State University - 43
- Salisbury University - 41
MBA Programs with the Highest Student Enrollment in Maryland
- Salisbury University - 41
- Frostburg State University - 43
- University of Baltimore - 68
- Loyola University Maryland - 94
- University of Maryland - 348
- Johns Hopkins Carey Business School - 1,123
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.
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.
Best MBA Programs by State: Online and In-Person
Alabama – Online | In-Person
Alaska – Online | In-Person
Arizona – Online | In-Person
Arkansas – Online | In-Person
California – Online | In-Person
Colorado – Online | In-Person
Connecticut – Online | In-Person
Delaware – Online | In-Person
Florida – Online | In-Person
Georgia – Online | In-Person
Hawaii – Online | In-Person
Idaho – Online | In-Person
Illinois – Online | In-Person
Indiana – Online | In-Person
Iowa – Online | In-Person
Kansas – Online | In-Person
Kentucky – Online | In-Person
Louisiana – Online | In-Person
Maine – Online | In-Person
Maryland – Online | In-Person
Massachusetts – Online | In-Person
Michigan – Online | In-Person
Minnesota – Online | In-Person
Mississippi – Online | In-Person
Missouri – Online | In-Person
Montana – Online | In-Person
Nebraska – Online | In-Person
Nevada – Online | In-Person
New Hampshire – Online | In-Person
New Jersey – Online | In-Person
New Mexico – Online | In-Person
New York – Online | In-Person
North Carolina – Online | In-Person
North Dakota – Online | In-Person
Ohio – Online | In-Person
Oklahoma – Online | In-Person
Oregon – Online | In-Person
Pennsylvania – Online | In-Person
Rhode Island – Online | In-Person
South Carolina – Online | In-Person
South Dakota – Online | In-Person
Tennessee – Online | In-Person
Texas – Online | In-Person
Utah – Online | In-Person
Vermont – Online | In-Person
Virginia – Online | In-Person
Washington – Online | In-Person
West Virginia – Online | In-Person
Wisconsin – Online | In-Person
Wyoming – Online | In-Person
District of Columbia – Online | In-Person
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