The health and safety of our community remain a top priority. In order to help prevent the spread of COVID-19, the MBA/MS admissions office will not accept visitors or walk-ins. Candidates should contact us at FTMBA@umd.edu to adequately address your inquiry or set up a virtual consultation. The most up-to-date information from the University of Maryland is available here.

Financial Aid and Tuition

Pursuing a full-time MBA is a huge investment of your time, energy and finances—as anything worthwhile tends to be. At Maryland Smith, 100% of our full-time MBA students were offered a financial award. We work to reward academic excellence and allow you to focus on your schoolwork instead of your tuition payments.

Michael Parra

“Receiving these fellowships featured prominently in my decision to choose Smith," said Michael Parra, MBA '20. "One is based off merit and the other off my involvement in the LGBTQA community—to have that singled out gave me a sense of how highly Smith valued me, and of the amazing community that would be waiting when I arrived.”

Michael Parra
MBA '20

100% of our Full-Time MBA students were offered a financial award.

For those who truly go the extra mile in their academics, there are merit awards. These awards are based on undergraduate scholastic merit, GMAT/GRE scores and work experience.

Scholarships

  • Dean's Scholarship: Two-year award for tuition and fees
  • Smith Scholarship: $20,000-$60,000 scholarship award for tuition and fees

Fellowships

  • Dean's Fellowship: Two-year award for tuition and fees plus a one-year graduate assistantship
  • Smith Fellowship: $20,000-$60,000 scholarship award for tuition and fees and a one-year graduate assistantship opportunity

Double Terp Award

Alumni hold a special place in our community, and we reward them for their loyalty with the Double Terp Award. This allows alumni of the University of Maryland, College Park, to receive a $10,000 award upon admission to the full-time MBA Program.

The Forté Foundation Fellowship

In partnership with the nonprofit Forté Foundation, Maryland Smith offers fellowships and numerous lifelong benefits to select MBA women. Scholarship award ranges from $20,000 up to full two-year tuition.

Management Leadership for Tomorrow Fellowship

As an MLT Partner School, Smith makes a definitive commitment to grow leaders from the African American, Latino/a and Native American communities. Scholarship award ranges from $20,000 up to full two-year tuition.

Reaching Out MBA Fellowship

Maryland Smith's partnership with ROMBA was created to demonstrate we are a top destination to develop the out LGBTQ and active ally business leaders of tomorrow. Scholarship award ranges from $20,000 up to full two-year tuition.

JumpStart Advisory Group Fellowship

JumpStart’s mission to help connect a talented and diverse workforce to career progression opportunities perfectly aligns with Maryland Smith's continued pursuit for strategic summer internships and great jobs at graduation. Scholarship award ranges from $20,000 up to full two-year tuition.

Graduate Assistantships

Financial assistance through Smith departmental work/study programs is widely available to qualified students. Students awarded graduate assistantships pay in-state tuition rates, receive a partial tuition waiver and earn a stipend for 180 hours of work per semester, plus the opportunity to enroll in subsidized health insurance. The graduate assistantship is valued at approximately $27,300 for out-of-state and $16,700 for in-state students.

Tuition

TUITION & FEES FOR ONE YEAR (FALL 2020)

  In-State Out-of-State
Credits per year 27* 27*
Tuition $46,116 $56,646
Fees $2,360 $2,360
Total $48,476 $59,006

*Average credits completed in the first year.

The MBA program at Smith is 54 credits. Students typically complete 26-34 credits during their first year and the remaining credits in their second year.
Tuition: Based on $1,708 per credit hour for in-state and $2,098 per credit hour for out-of-state.

Fees: Based on a one-time MBAA fee of $725 and a university fee of $817.50 per semester. Fees are subject to change.

Update this line with correct dates: The above tuition and fees are for the fall 2020 start. Fall 2021 tuition will be published in July 2021 after approval by the University System of Maryland Board of Regents.

In-State Classification

Applicants are granted in-state status if they have been domiciled in Maryland for at least 12 months prior to the last day of registration for the forthcoming semester, and have been financially independent for the previous 12 months. For a complete list of residency requirements, please contact Residency Reclassification Services. Out of state students who have a graduate assistant position will always be coded as out-of-state students but will be billed the equivalent of in-state tuition.

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