The Master of Business Administration (MBA) program is designed to equip the student with the highest level of analytical, strategic, and leadership skills needed in a globally competitive workforce. Our “Essential MBA” program is a 30 credit program if the student has all foundation (prerequisite) courses. The program is available in 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.
The Maine Business School (MBS) is accredited by AACSB International–The Association to Advance Collegiate Schools of Business–the most significant accreditor of business schools. Thus you know that we provide a quality program taught by high quality faculty. We are extremely proud of our faculty, many of whom are well known nationally and internationally.
Our MBA program is referred to as the “Essential MBA” because it is designed to provide students with the essential knowledge and skills in leadership, strategy, finance, accounting, marketing, management, and management information systems in order to lead organizations now and in the future.
On-campus students can also choose the 30 credit Accounting MBA, an accounting concentration appropriate for students with an undergraduate accounting degree or who have completed our undergraduate accounting certificate program. For more information on this program please go the UMaine MBA website at https://umaine.edu/business/the-accounting-mba/ All core MBA classes can be taken either live or online. Accounting electives are offered live only.
The Maine Business School also offers dual degrees with Information Systems and with the School of International Policy, a Graduate Business Certificate (15 credit hours) offered online or on campus, and a 5-year MBA Program for non-business undergraduates. Matriculated students may study on a full-time or part-time basis and begin the program in fall semester, in spring semester, or in the summer term.
MBA students at the Maine Business School have come from varied backgrounds, with undergraduate degrees from more than 40 undergraduate institutions and more than 25 different majors. We have had many international MBA students, representing at least 10 different countries over the past few years.
All candidates for the Essential MBA degree must complete the following seven core graduate courses(21 credits):
Candidates for the MBA program must have a baccalaureate degree from a U.S. accredited college/university or comparable overseas bachelor’s degree. Undergraduate prerequisites in financial and managerial accounting, microeconomics, macroeconomics, statistics, marketing, management, and finance are required. However, applicants with baccalaureate degrees already may fulfill the prerequisite requirements by taking two accelerated courses offered online in the summer and fall respectively–BUA 400 Introduction to Accounting and ECO 410 Introductory Economics-and online tutorials offered year round in management, marketing, and finance. A statistics course is required.
Additional undergraduate prerequisites for the Accounting MBA are: BUA 301, Intermediate Accounting I; BUA 302, Intermediate Accounting II; BUA 305, Cost Accounting; BUA 310, Auditing; and BUA 312, Federal Taxation of Individuals.
Students must receive a B- minimum in each prerequisite course. Candidates are also expected to be proficient in MS Office applications, have excellent writing and presentation skills, and provide quality references with their application.
Application Process and Requirements
Applications are 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 The application includes submission of the following items:
- Personal essay
- Three letters of recommendation
- Current resume
- Official college transcripts from all schools attended
- Official score reports from the Graduate Management Admission Test (GMAT) taken within the last five years. When ordering GMAT report, use Institution Code 1ZF-RM-18
- For applicants whose native language is not English, original iBT TOEFL score report is required or comparable of English language proficiency report. When ordering TOEFL score, use Institution Code 3916.
- The $65 online application fee may be paid by credit card (Visa, Master Card or Discover), or check / money order made payable to the University of Maine. Paper applications require a fee of $75.
Application materials should be sent to:
The Graduate School
5775 Stodder Hall, Room 42
University of Maine
Orono, ME 04469-5775
Applications: Candidates for the MBA are encouraged to apply early though complete applications are reviewed on a rolling admission basis. Suggested target dates for a completed application are July 15 to be considered for fall admission, December 1 for the spring semester, and April 15th for summer admission. However, later applications will be considered once all materials are available. Completed applications for students requesting financial aid should be received by the February 1 prior to fall semester. International students requiring a student visa should apply early.
We recommend that prospective students apply earlier if they anticipate needing to complete tutorials or foundation courses (as discussed above).
Admission Criteria: Admission to the University of Maine MBA program is competitive. In its admission process, the University of Maine Business Graduate Program considers factors that indicate the potential to successfully complete the MBA program and achieve positions of leadership in the private or public sector. That potential is judged by prior academic performance, GMAT score, letters of recommendation, communication skills, and work experience.
Academic Performance: 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, satisfactory GMAT scores, and all requirements. Conditional or provisional admission is possible as specified under Graduate School policies.
GMAT Score: Applicants must submit official GMAT scores taken within the last five years. A GMAT score of 550 is preferred; no less than 500. Applicants with GMAT scores less than 500 may be considered for conditional admission providing other strong qualifications are demonstrated in the application.
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.
No GMAT waiver is automatic and an approved waiver request does not guarantee admission to the program.
Letters of Recommendation: Three letters of recommendation are required. Letters should be of high quality from credible sources; i.e., from current or former supervisors and current or former professors who can comment on the candidate’s academic strengths, work ethic, responsibilities and accomplishments, career advancement, managerial experience, and predictable success in the MBA program.
Communication Skills: Students are required to submit a personal essay as part of their application. The essay is an opportunity for the candidate to discuss personal strengths, aptitude for the MBA program, and ability to add value to the Maine Business School and their fellow students’ experiences. The essays are evaluated not only for content, but also for writing style, cohesion, purpose of study, and must be free of grammatical errors. Interviews are not required for admission to the University of Maine MBA program, but may be requested by either the applicant or the Business School.
Work Experience: Work experience is not required but encouraged for admission to the MBA program. Significant work experience with management responsibilities can be a major decision factor.
International Students: Applicants whose native language is not English must also provide evidence of the Test of English as a Foreign Language (TOEFL) or comparable English language proficiency score report (e.g., IELTS, ELS Language Report). TOEFL: To be considered for admission, the MBA program requires a minimum score of 80 on the iBT TOEFL or 550 on the paper-based TOEFL. To be considered for a graduate assistantship, applicants must have achieved a 92 on the iBT TOEFL or equivalent (580 paper-based). IELTS: Minimum 6.5 for admission and minimum 7.0 to be considered for a graduate assistantship. A WES or ECE course-by-course report for coursework taken at an overseas college/university may be required.
Apply Online at the Graduate School website
Arrangements for the Graduate Management Admission Test may be made by contacting:
Graduate Management Admissions Test (GMAT) or www.gmac.org
If you have any questions, please contact us at 207-581-1971 or via email at: MBA@maine.edu
Pankaj Agrrawal, Ph.D. (University of Alabama, 1996) Associate Professor of Finance. Quantitative portfolio management, multi-constraint optimization, long-short market-neutral hedged portfolio construction, corporate governance, alpha modeling, estimating optimal market betas.
Jean Henri Akono, Ph.D. (University of Texas at San Antonio) Assistant Professor of Accounting. Financial and managerial accounting.
David J. Barrett, CPA, MSA (Indiana University), Lecturer in Accounting. Financial Accounting, Financial Statement Analysis.
Richard H. Borgman, Ph.D. (University of Florida, 1994), Professor of Finance. Financial institution management, securitization, portfolio risk management, asset pricing, international finance.
Martha A. Broderick, J.D. (Western New England School of Law, 1983), Instructor of Business Law.
Wendy Coons, M.S.A. (University of Maine, 2006), Lecturer in Accounting.
Patti Collett-Miles, Ph.D. (University of Texas at Arlington, 2008), Assistant Professor of Management.
Harold Z. Daniel, Ph.D. (University of Connecticut, 1997), Associate Professor of Marketing. Organizational buying behavior and strategic acquisition, collaborative research and development, strategic management of technology, diffusion of innovations, consumer satisfaction, student retention in higher education.
Muralee Das, PhD (University of Melbourne, 2016). Associate Professor of Management.
Devon DeMarco, J.D. (Suffolk University Law School, 2012) Instructor of Business and Law.
Niclas Erhardt, PhD (Rutgers University, 2008). Assistant Professor of Human Resource Management.
C. Matt Graham, M.S.B.E. (Southern New Hampshire University, 2004), Lecturer of Management Information Systems.
Jason Harkins, Ph.D. (University of Oklahoma, 2008), Assistant Professor of Management.
Nory B. Jones, Ph.D. (University of Missouri, 2001), Professor of Management Information Systems. Knowledge management, collaborative technologies, and diffusion of technological innovations.
Sebastian Lobe, Ph.D. (University of Regensburg, Germany, 2004), Assistant Professor of Finance. Investment strategy, socially responsible investments.
John F. Mahon, D.B.A. (Boston University, 1982), Founding Director of the School of Policy and International Affairs, John M. Murphy Chair of International Business Policy and Strategy. Professor of Management. Management policy and strategy, global strategy.
Ivan M. Manev, Ph.D. (Boston College, 1997), Public Policy, and Health, Nicholas Salgo Professor of Business Administration and Professor of Management. Management of the multinational corporation, formation of strategy and competitive advantage in social networks, management in post-communist transition societies.
Dmitri Markovitch, PhD. (New York University, 2004), Assistant Professor of Marketing.
Grant Miles, Ph.D. (Pennsylvania State University) Associate Professor of Management. strategic management, organization theory, and business ethics.
Susan E. Myrden, Ph.D. (Saint Mary’s University) Assistant Professor of Marketing. Service marketing, Service-Profit chain, employee engagement.
Terry B. Porter, Ph.D. (University of Massachusetts - Amherst, 2006), Associate Professor of Management. Business strategy and policy, top and middle management strategic roles, multinational and multicultural strategic management, ethics & social responsibility in business policy.
Matthew Skaves, M.B.A. (University of Maine, 2005), Lecturer in Finance and Accounting.
Scott Spolan, J.D. (New York Law School, 1979), Lecturer in Management.
Stephanie A. Welcomer, Ph.D. (Pennsylvania State University, 1997), Professor of Management. Social and cognitive networks, stakeholder theory, organizations and the natural environment.
Additional information is available from:
Maine Business School Graduate Programs Office
5723 Donald P. Corbett Business Building, Room 209
The University of Maine
Orono, ME 04469-5723
Phone: (207) 581-1973