|Available 100% online||Credit Hours||Tuition||Application Deadline||Test Requirements|
|Yes (some synchronous meetings required)||30 credits||$418/cr. in-state and $523/cr. out-of-state||Rolling Admission||GMAT|
Core Courses (21 credits):
All candidates for the MBA degree must complete the following seven core graduate courses:
- BUA 601: Statistical Analysis and Modeling for Organizational Operations 3cr.
- BUA 605: Creating & Capturing Value in the Digital Economy 3cr.
- BUA 609: Financial Statement Analysis 3cr.
- BUA 620: Law, Business and Society 3cr.
- BUA 626: Management of Contemporary Organizations 3cr.
- BUA 649: Management Policy 3cr.
- BUA 651: Financial Management 3cr.
Electives (9 credits):
A faculty-led field experience in an international environment. In recent years, our students have participated in international study courses in countries such as Japan, Brazil, Germany, France, Bulgaria, China, Vietnam, and the Czech Republic.
- BUA 596: International Field Study 3cr.
An internship in a profit-making firm or a nonprofit organization, or being part of a consulting team from the Business School working on a project for a firm.
- BUA 641: Organizational Consulting 3cr. or
- BUA 695: MBA Internship 1-4cr.
Online electives currently include:
- BUA 561: Knowledge Management and Decision Support Systems 3cr.
- BUA 668: Electronic Commerce 3cr.
- Climate Change special topics course 3cr.
- SIE 557: Database System Applications 3cr.
- SIE 515: Human Computer Interaction 3cr.
- SIE 516: Virtual Reality: Research and Applications 3cr.
General Overview of the MBA Program
The MBA program at the Maine Business School is designed to provide students with the skills and understanding to achieve long-term success in the complex, rapidly changing, global economy.
Our program provides an education grounded in the fundamentals but one that also prepares our students for expanding management roles that require skills in communication, adapting to change, and of course leadership. The program emphasizes experiential, hands-on learning, teamwork, and critical thinking. The University of Maine MBA program produces graduates with practical business skills and a global perspective, but more importantly, produces business leaders who can think strategically and critically, adapt and foster change, inspire and lead, and create and convey a vision.
The Maine Business School is accredited by AACSB, the most significant accreditor of business schools. Thus you know that we provide quality programs taught by high quality faculty. We are extremely proud of our faculty, many of whom are well known nationally and internationally.
The program is available as a fully online/distance format, and well as on-campus in a blended format where the student takes half or more of their courses live and the rest online.
Our online MBA program is referred to as the “Essential MBA” because it is designed to provide students with superb leadership, management, and analytical skill sets with a background in finance, accounting, and global engagement for the competitive work environment. Please go the UMaine MBA website for more information.
The core courses in our program consist of BUA 601 – Statistical Analysis and Modeling for Organizational Operations; BUA 605 – Creating and Capturing Value in the Digital Economy; BUA 609 – Financial Statement Analysis; BUA 620 – Law, Business, and Society; BUA 626 – Management of Contemporary Organizations; BUA 651 – Financial Management; and BUA 649 – Management Policy (the capstone course in the program). Students can take three elective courses, including an international field study (BUA 596) which goes to a different part of the world every year and an internship (recommended for students without work experience). By Fall 2016 all courses will be available online once per year.
The foundation for the program (prerequisites) consists of courses in accounting, economics, and statistics. Some applicants will already meet some or all of these requirements. For those who do not, the University of Maine offers accelerated online courses in accounting (BUA 400) and economics (ECO 410) for students without prior courses in these areas. Students may take a statistics course from the University of Maine or elsewhere (online is available). Once matriculated, we offer non-credit tutorials in finance, marketing, and management for those who need these.
Students may study full-time or part-time and matriculate for the Fall, Spring, or Summer semesters.
Click here to download and print a program flyer.
What can I do with a Master of Business Administration (MBA)?
Nearly every field includes some form of management position. Many top management positions in corporations, non-profits and government agencies either require or strongly favor those who hold an MBA over other applicants. Graduates of MBA programs learn the management skills to work in administrative and leadership positions in fields like healthcare, engineering and education. A January 2015 Financial Times article says that “… US-based MBA graduates tend to be better at building successful businesses.” Even Physicians are beginning to see the value in obtaining their MBA as they run their offices and manage their employees, finances and electronic records. MBA degrees frequently lead to upper management positions in the business field, with the non-profit sector and in consulting and entrepreneurship. Popular career options for graduates from an MBA program include accountant, advertising executive, business manager, marketing director, human resources director, finance officer, CIO, product manger, management consultant, financial analyst and many more.
The University of Maine Online MBA can be taken from virtually anywhere in the world as long as students have a sufficient internet connection. However, we strive to have an engaged program in which our distance students interact with the professor and the campus students and work with these students on projects.
Thus, it is not a completely asynchronous program in which students do not interact real-time with the professor and potentially other campus students. Some classes require synchronous participation of varying degrees. For instance, at times distance students will have to be online at specified times (always at night, eastern U.S. time). For some classes this is weekly; for others the synchronous requirement is less frequent. And many classes have no synchronous component.
Our faculty are cognizant of the requirements of working professionals, and understand when work occasionally interferes with class presence. But the student must be aware that a class interactive presence will be required for some courses.
Applications will be reviewed on a rolling admission basis, meaning that once the application is complete, the admission evaluation process begins. The application can be completed online or downloaded at http://www.umaine.edu/graduate.
Applicants must have a bachelor’s degree from an accredited college/university with a 3.0 cumulative GPA; 3.5 preferred. All prerequisites for the MBA must each have a grade of B- minimum. Candidates are also expected to have strong analytical, math, writing, and presentation skills. Full admission is based on meeting all prerequisites, academic standards, a GMAT score of 550 or higher preferred (500 minimum required), and all requirements. Conditional or provisional admission is possible.
GMAT waiver Effective Spring 2017 and following:
You may substitute for the GMAT scores other standardized test results (e.g., GRE, LSAT, MAT) if taken previously and within five years. Scores that convert to a GMAT less than 500 are not acceptable.
The GMAT is waived for applicants with a PhD, JD, MD, or master’s degree from a U.S. accredited program. The GMAT is waived for applicants with a CPA or CFP.
The GMAT may be waived for strong candidates with five or more years of post-graduate demonstrated professional work experience. Professional work experience includes:
Management of staff in a direct working relationship, and/or
Leadership of work teams, and/or
Financial or budgetary responsibility, and or
Job responsibilities that specifically demonstrate applied quantitative and analytical skills.
The GMAT may be waived for military members and veterans with five or more years of military experience, provided they meet academic minimums.
Note: The GMAT will be requested from applicants with sufficient work experience but who do not meet the academic minimums in order to strengthen the candidate’s portfolio. International applicants must submit a GMAT score.
To be considered please fill out and submit to the MBA Director the GMAT Waiver Form.
No GMAT waiver is automatic and an approved waiver request does not guarantee admission to the program.
*The waiver is NOT applicable for International students. The GMAT (or other recent graduate testing) must be submitted.
The Maine Business School faculty are nationally and often globally recognized for their expertise. Many serve on the board of directors of various for profit and nonprofit organizations and are consultants to government agencies and corporations. Dedicated to the success of their students, you will have many opportunities to interact and learn from them. For a complete list of the Maine Business School faculty with links to their bios, CV’s and research, check out the Maine Business School website.
What students have to say about the MBA degree
“I graduated from the Maine Business School in 2014 with my BS in Management, and quickly found a job as an accountant for a local medical supplier. After gaining valuable real world experience, I decided to continue my education through the University of Maine’s online MBA program. Due to the flexibility of this revolutionary program I have been able to progress in my career, recently accepting an accounting position with a renewable energy company located in Portland Maine. My hours are constantly shifting, so being able to connect with professors remotely with applications such as Adobe Connect is crucial for young professionals such as myself. I appreciate the entrepreneurial approach of the professors, as they are teaching these hybrid classes in real time with both online, and in class students. Being able to continue my education without offsetting my professional career has been monumental, and I’m excited to continue working my way through this program.” – Shane Albert
“UMaine’s online MBA is exceptional. The faculty are brilliant and the classes are flexible, which works great with my schedule. I’m hoping to stay in South Africa after our international MBA trip and finish up my last course, Business Law, abroad. ” – Kristin Hall
How will your story go?