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University of Maryland R.H. Smith School of Business - Full-Time MBA

University of Maryland R.H. Smith School of Business Full-Time MBA Program Structure

The UMD Smith full-time MBA program primarily offers daytime classes. The program offers one intake per year, and classes begin during the fall semester. Students usually complete the program in an average of two years.

Curriculum

The UMD Smith School’s full-time MBA requires 54 credits to complete, and the program lasts for two years. Students begin the program in August and take classes during weekdays.

Core courses, which cover topics such as financial accounting, managerial economics, and strategic management, encourage students to master business fundamentals. These make up 30 of the required 54 credits. Furthermore, the program offers students four career tracks to choose from Consulting & General Management, Finance, Marketing, and Operations & Supply Chain/Logistics. In each track, MBA students take courses that will prepare them for their futures in that specialty. For instance, Finance offers MBA students in Derivatives and Financial Restructuring. In addition to the track coursework, students take electives. The number of electives varies based on which track students take. For example, Consulting & General Management only requires four elective credits, whereas Finance requires students to take 12.

In addition, UMD Smith School provides many opportunities for international travel. MBA students may participate in consulting opportunities, semester-long exchange programs, and 10-day global learning experiences to understand more about the international business world.

Full-Time MBA Rankings

• U.S. News & World Report: 44
• Bloomberg: 26
• Forbes: 47
• Financial Times: 72
• The Economist: 47

Class Profile

The UMD Smith full-time MBA classes of 2019 and 2020 are 63 percent male and 37 percent female. Sixty-five percent of matriculated students are U.S. citizens, while 35 percent are international. On average, students are 30-years old when they begin the program and have six years of professional experience. The average GMAT score of full-time students is 640, while the average undergraduate GPA earned by full-time students is 3.26.

Career Statistics

For the Class of 2020 full-time MBAs, technology was the most popular industry, as 26% entered the field. Consulting was next at 21% while financial services followed at 13%. Next in line was consumer products, employing 10% of the Class of 2020. Manufacturing and healthcare/pharma each saw 5% of the Smith MBA class, and the remaining 20% spread out across different industries.

Tuition, Scholarships, and Financial Aid for the UMD Smith Full-Time MBA

The UMD Smith full-time MBA degree tuition per year for the class entering Fall of 2020, tuition was $46,575 (in-state) or $57,213 (out of state) per year. Additional fees add $2,360 to the cost of attendance. This is based on a 27 credit load per year (54 total credits make up the program) and includes a one-time MBA fee of $725 and a university fee of $810 per semester.

The school awards scholarships based on scholastic merit, evidence of leadership, GMAT scores, and work experience.
Teaching assistantships and research positions are available to help students pay for their studies, as well as receive a stipend. Students awarded graduate assistantships receive a partial tuition waiver, a stipend for 180 hours of work per semester, and also pay the equivalent of in-state tuition rates.

U.S. citizens and permanent residents applying to the UMD Smith full-time MBA program are eligible for federal Stafford and Graduate PLUS loans, as well as private loans.

Admissions

Applicants to the MBA programs must have completed a four-year degree or its equivalent for admission.

To apply to the UMD Smith full-time MBA program, applicants must submit a completed application form, all college transcripts from degree-granting and non-degree-granting institutions, a current résumé, and one letter of recommendation. The school also requires applicants to complete two essays about their leadership experiences and goals. Applicants must also send in their GMAT or GRE scores and a non-refundable $75 application fee.

Non-native English speaking applicants are strongly encouraged to include a photocopy of their TOEFL or IELTS scores with the application materials.

2020-2021 UMD Smith Full-Time MBA Deadlines

To apply for fall 2021, complete applications must be received by the dates indicated below.

Application Deadline Decision Notification Date
October 1, 2020 December 23, 2020
November 1, 2020 January 15, 2021
December 15, 2020
Scholarship priority deadline for international candidates.
March 15, 2021
January 15, 2021
Scholarship priority deadline for domestic candidates.
April 15, 2021
March 1, 2021 May 1, 2021
April 30, 2021 Rolling

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