Find The Best Maryland MBA Programs and Degrees

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EARN AN ONLINE MBA DEGREE TODAY

If you’re interested in pursuing a career in management, finance, or entrepreneurship in Maryland, you may be considering the next steps. Choosing to pursue a Master of Business Administration (MBA) is a big decision. You’ll need to shop around for the right program and decide if the costs and the return on investment are worth it.

However, in today’s competitive landscape, an MBA can be a stepping stone toward a rewarding and lucrative career. MBA holders graduate with a wider array of opportunities than those with only a bachelor’s degree. And unlike highly specialized degrees, you can work in several roles across many verticals. As a point of reference, MBA graduates often pursue work in accounting, IT, operations, health administration, or human resources.

In addition to opening access to a variety of industries, MBAs often lead professionals to higher-paying roles as leaders in their field. While the benefits make an MBA seem like an obvious next step, some working professionals might feel as though pursuing an advanced degree isn’t compatible with their lifestyle.

The benefit of an online MBA program is, you can find one that fits your schedule and have the ability to work on assignments from work, home, or your favorite coffee shop. While working on your MBA from home sounds like an easier path than heading back to school full-time, keep in mind that online MBAs are still a significant commitment.

It’s also worth pointing out that you may want to consider online MBAs from institutions in your area. Some schools have short residency requirements, even for online students. You’ll also be closer to in-person events, lectures, networking opportunities, and other resources available to those within a reasonable distance.

WHY CONSIDER AN ONLINE MBA?

Not only do online MBAs provide the same level of rigor as their traditional campus-based counterparts, but they also have some distinct advantages. Whether you’re caring for a family, working full-time, or live far away from a suitable program, there are many reasons to take to the web for your next big career move.

MBAs are a popular choice for working professionals who wish to boost their earning potential. That said, attending classes in person isn’t always feasible. Online MBAs allow you to keep working while you level up your skillset.

Not all employers require an MBA–and its ability to boost your earning potential has a lot to do with your industry. Financial professionals, for example, benefit a great deal from having the credential, as do those pursuing their dreams of the C suites. Marketers and entrepreneurs can also get a lot of value from an MBA program but, in many cases, these professionals see their earnings increase based on their ability to get results. Still, an MBA provides a strong background in business basics, management, finance, and strategy–which come into play no matter what you pursue.

Maryland MBA holders are also bound to see some edge in a competitive job market, especially if they want to leap to mid or upper management. In some cases, having an MBA allows you to bypass years of experience or training that someone with a bachelor’s degree would need to qualify. Professionals with an MBA typically make more money than their counterparts without one. In some cases, companies require higher level degrees for those employees who wish to advance. Or, a company might cap earning potential.

For this reason, current professionals interested in applying for leadership roles or changing their careers should strongly consider enrolling in an online MBA. This type of degree makes graduates extremely marketable because it covers basic business, finance, and management techniques. The knowledge and skills developed throughout the program will be useful regardless of your specific career plans and goals.

Many people also choose to pursue an online degree because they want to keep working full-time, are taking care of children, or simply prefer the self-guided nature of online coursework. Of course, earning an MBA doesn’t necessarily mean you’re on the fast track for top-tier earning potential. An MBA may make you more attractive to employers, but you’ll still need to bring hard work, leadership skills, and a flexible management style to the table to succeed in the long run.

Percentage of Maryland students enrolled in online programs

MBA Concentrations

Healthcare Management

Healthcare is one of the biggest industries in Maryland—and the US. As such, an MBA in healthcare management stands to be a worthwhile investment. This program will look at healthcare from a business perspective and will include coursework focused on managing healthcare organizations, marketing, strategy, policy, and more. Again, students can expect all the traditional core MBA coursework – but will learn to apply those business concepts to this highly specialized field.

Supply Chain Management

An online MBA in supply chain management combines broad business foundations like economics and finance with a detailed knowledge of purchasing, logistics, and vendor management. MBA graduates will leave this program prepared for management positions in areas like purchasing, quality control, and warehouse management.

Finance

Finance is a practical MBA concentration in just about any state. Here, you’ll learn more about economics, management, and leadership, while diving deeper into the world of finance. Finance MBAs leave school prepared to work in any industry in a range of roles. Job prospects include controller, financial analyst, CFO, finance manager, and more.

Accounting

An accounting MBA provides a foundation in accounting, as well as a solid business knowledge you can take just about anywhere. Along with coursework in subjects like marketing, finance, and economics, accounting concentration students will dive deeper into things like tax planning, business strategy, financial reporting, and managerial accounting.

Accreditation in Maryland

Unfortunately, one of the hardest parts about starting your research for the right MBA program for you is accreditation. This means that a school must meet certain criteria, demonstrating that the degree and the coursework follow established guidelines.

There are a few organizations that handle the accreditation process in Maryland. The most notable is the Association to Advance Collegiate Schools of Business (AACSB), which is an international organization that awards accreditation to schools that meet their rigorous standards. Not all Maryland MBA programs are AACSB accredited, and while it is the gold standard, it’s not the only marker of a quality program.

Your MBA should also have regional accreditation. Maryland schools are accredited by the Middle States Commission on Higher Education, which is one of six regional organizations recognized by the US Department of Education. Approval from this organization means you’re looking at a quality education from a reputable program—and credits can be transferred to other schools should you wish to relocate.

The value of your degree depends on whether your school is accredited. Programs that haven’t met certain standards are a waste of money, as most employers will not recognize this degree as valid. As such, this may well be the most important part of your research. This ensures—and signals to employers that you have the appropriate skill set for the role

CAREER AND JOB OUTLOOK FOR GRADUATES

According to the US Department of Labor’s Bureau of Labor Statistics, BLS, the total number of jobs in the state of Maryland has been on the rise since 2015—adding roughly 110,000 new jobs in a three-year period.

The fastest growing sectors were educational services, transportation, warehousing, and utilities. And while those verticals might not scream “executive MBA,” leadership, management, and financial savvy are essential to any industry.

It’s also worth noting that the state has long had an unemployment rate below the national average. Additionally, the state is a central hub of sorts—proximity to D.C., Baltimore, and Columbia make for a rich pool of job opportunities.

EARNING POTENTIAL WITH AN MBA IN MARYLAND

MBA grads in Maryland should fare well, compared to their peers with bachelor’s degrees or less, as well as those with a non-MBA master’s degree. Because coursework prepares students for leadership roles, MBA grads are desirable candidates who bring decision-making skills, management know-how, and an analytical mindset to the table.

On average, MBA degree holders earn a median income of $75,896, though this number accounts for the full spectrum of occupations and career stages. An MBA can help you boost your income significantly, but you’ll need to look into various professions to learn which career path both aligns with your interests and promises the ROI you’re looking for.

That said, according to the Maryland Department of Labor, Licensing, and Regulation, mid-career business and management professionals earn a median income of about $158,000 per year. So, that initial figure may well be a starting point.

Top Employers in Maryland by Total Employees

CompanyIndustryHeadquarters CityNumber of Employees
Mariott InternationalHospitalityBethesda226,500
Lockheed MartinDefenseBethesda97,000
Social Security AdministrationGovernmentBaltimore65,000
Laureate International UniversitiesEducationBaltimore54,500
MedStar HealthHealthcareColumbia28,060

Career Opportunities in Maryland

As we mentioned in the above section, an MBA presents a wealth of options to Maryland degree holders. The degree is applicable to a broad range of positions that fall under the finance and management umbrella, but again, the degree presents a range of leadership opportunities that work just about anywhere.

This position is responsible for the employee recruitment process, hiring, and retention. In this role, you’ll develop policy and coordinate activities related to compensation, job performance, and budgeting within the department. An HR manager provides direction and counsel to management and supervises clerical staff and temporary employees.

Healthcare managers and administrators are responsible for managing finances and operations within a healthcare facility. In this role, you’ll manage employee schedules, budgeting, and work to ensure all services are carried out so that patients receive top-quality care. Additionally, this position requires keeping up with the latest compliance and regulatory requirements and finding ways to save money and increase satisfaction.

The CEO is responsible for providing strategic leadership for the entire company. They’ll work closely with a board of directors and the rest of the executive management team to establish long-term strategies for growth. This person is held accountable for a company’s success and as such will need to manage revenue, policy, finance, and motivate the entire staff from top to bottom.

A financial analyst can find employment in a variety of settings – the banking industry, in a top company, or as an independent consultant. Job duties typically consist of analyzing data sets to determine financial performance. They’ll provide companies with guidance for making purchasing and investment decisions and assess the performance of stocks, bonds, and other assets. Additionally, a financial analyst will spend a good deal of time creating plans and forecasts, then analyzing actual results against those predictions.

Business development managers oversee business operations from the client side. They’ll work closely with marketing, sales, and customer service to identify opportunities for new business, as well as how to maintain relationships with existing clients. These professionals will be tasked with coming up with strategies that drive revenue, retention, and growth.

TOP ONLINE MASTERS PROGRAM CHOICES

Location:

Baltimore, ME

Tuition:

$ $ $ $ $

  • Baltimore_university
  • Tuition

    33,600

  • % receiving financial aid

    54%

  • Student population

    5,565

  • Public or Private

    Public

Location:

Baltimore, ME

Tuition:

$ $ $ $ $

  • Johns_hopkins_university
  • Tuition

    59,875

  • % receiving financial aid

    39%

  • Student population

    25,151

  • Public or Private

    Private

Location:

College Park, ME

Tuition:

$ $ $ $ $

  • Maryland_university
  • Tuition

    87,318

  • % receiving financial aid

    35%

  • Student population

    40,521

  • Public or Private

    Public

Location:

Frostburg, ME

Tuition:

$ $ $ $ $

  • Frostburg_state_university
  • Tuition

    15,444

  • % receiving financial aid

    60%

  • Student population

    5,369

  • Public or Private

    Public

Location:

Laurel, ME

Tuition:

$ $ $ $ $

  • Capitol_technology_university
  • Tuition

    21,060

  • % receiving financial aid

    47%

  • Student population

    736

  • Public or Private

    Private

HHOW TO CHOOSE THE BEST MBA PROGRAM

1

Make sure the classes work with your schedule

One of the main reasons a student would seek out an online MBA is scheduling. Many online programs are self-paced, allowing students to complete coursework as needed. Other programs require meetings with faculty, events, and occasional on-site activity. Additional considerations are things like, whether the program will allow you to continue working full-time or take a break from your studies.

2

Make sure your program is accredited

As we mentioned, you absolutely need to look at your prospective school’s accreditation status. A school with no accreditation will not help you accomplish your goals, as the degree doesn’t mean anything except that you’ve met some criteria that isn’t widely understood.

3

What kind of resources are available to students?

The best online MBA programs offer the same resources to their remote students as their on-campus counterparts. Don’t enroll in a program that treats their online students as less than. Instead, make sure you have access to job fairs, mentoring, career counseling, and opportunities to connect with alumni and peers.

4

How is the support technology?

See if there’s a way to check out the school’s digital interface before you enroll. Your ability to turn in quality work depends on working technology and if the system is buggy, hard to use, or outdated, it might affect your performance.

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