2023 Best Undergraduate Business Schools in Maryland

2022-2023 Business Colleges of Distinction

Published: September 1, 2022

By: Colleges of Distinction Staff

Jump to: Hood College | McDaniel College | Morgan State University | Notre Dame of Maryland University | Salisbury University | Towson University | Frequently Asked Questions

Every school on this list has already gotten our stamp of approval for the way they enrich every students’ education through the Four Distinctions. And with the addition of the business badge, you can be sure that these institutions offer hands-on business programs that produce experienced, responsible leaders for the booming corporate world.

We have thoroughly researched the business programs at these Maryland Colleges of Distinction and verified that they exhibit all of the following characteristics:

  • Multidisciplinary exposure across all aspects of business
  • Real-world experience through internships and other forms of engagement with actual firms
  • Industry connections that help students build their network and access to professional growth
  • Business ethics that emphasize how a firm’s obligations extend beyond its shareholders
  • Collaborative learning, in both business and general education courses, that stress the nuances of an efficient team
  • Dedicated advisors and counselors who have a clear understanding of students’ academic and post-graduate milestones

Student success is the primary focus of our Colleges of Distinction, and these business degree-granting CoDs are no exception. With different types of business degrees to help students pursue their desired industry, the 2022-2023 Maryland Business Colleges of Distinction provide a stable foundation for entrepreneurial minds.

Hood College in Frederick, Maryland

Hood College

Frederick, MD ‧ Private ‧ 4-year

Across more than 30 majors and even more concentrations and minors, Hood College prepares students to thrive as well-rounded, lifelong learners who make a difference in their community. The school strives to help students meet “personal, professional and societal challenges and to lead purposeful lives of responsibility, leadership, service, and civic engagement.”

Acceptance rate 71%      •      Net price $23,775
Total Undergrad Population 2,042      •      Setting City: Small      •      Private 4-year
Graduation rate (6 year) 61%      •      Retention rate 75%      •      Student-to-faculty ratio 11:1

Click here for available majors

Business Majors Offered

Business Administration, Management and Operations
Accounting and Related Services

McDaniel College in Westminster, Maryland logo

McDaniel College

Westminster, MD ‧ Private ‧ 4-year

McDaniel College is a nationally recognized four-year, independent college of the liberal arts and sciences. Founded in 1867 as one of the first coeducational colleges in the nation, McDaniel is a diverse, student-centered community. Among “Colleges That Change Lives,” McDaniel is committed to access and affordability. 

Academics center on the McDaniel Plan, a customized, interdisciplinary curriculum that emphasizes experiential learning and student-faculty collaboration to develop the unique potential in every student. A signature component is The McDaniel Commitment, which guarantees every student two experiential learning opportunities, including service-learning, study abroad, student-faculty collaborative research, credit-based internship, or independent study. The four components of the McDaniel Commitment—My Place, My Design, My Experience, and My Career—are embedded within the college’s general education curriculum. A team of mentors helps students develop a completely tailored program of courses and opportunities to prepare them for personal and professional success.

Acceptance rate 81%      •      Net price $23,913
Total Undergrad Population 2,931      •      Setting Suburb      •      Private 4-year
Graduation rate (6 year) 63%      •      Retention rate 75%      •      Student-to-faculty ratio 13:1

Click here for available majors

Business Majors Offered

Business Administration, Management and Operations
Accounting and Related Services
Management Sciences and Quantitative Methods

Morgan State University logo

Morgan State University

Baltimore, MD ‧ Public ‧ 4-year

Morgan State University, founded in 1867, is a Carnegie-classified high research (R2) institution providing instruction to a multiethnic, multiracial, multinational student body and offering more than 140 academic programs leading to degrees from the baccalaureate to the doctorate. As Maryland’s Preeminent Public Urban Research University, Morgan fulfills its mission to address the needs and challenges of the modern urban environment through intense community-level study and pioneering solutions. 

Anchored in a charming residential area of northeast Baltimore, the breadth of Morgan’s expansive campus encompasses more than 185 acres extending beyond its sprawling campus proper which features state-of-the-art facilities geared toward innovative teaching and learning in the 21st century. The only university to have its entire campus, designated as a National Treasure by the National Trust for Historic Preservation, offers a safe and inviting learning environment with easy access to the best the city has to offer: culture, exhibits, dining, shopping, activities, sightseeing and employment. The off-campus opportunities also extend to community projects and civic engagement.

Acceptance rate 74%      •      Net price $16,651      •      SAT Range 910-1070      •      Students submitting SAT scores 85%
Total Undergrad Population 7,634      •      Setting City: Large      •      Public 4-year
Graduation rate (6 year) 46%      •      Retention rate 74%      •      Student-to-faculty ratio 13:1

Click here for available majors

Business Majors Offered

Business Administration, Management and Operations
Accounting and Related Services
Business Operations Support and Assistant Services
Entrepreneurial and Small Business Operations
Finance and Financial Management Services
Hospitality Administration/Management
Management Sciences and Quantitative Methods
Construction Management

Notre Dame of Maryland University logo

Notre Dame of Maryland University

Baltimore, MD ‧ Catholic ‧ 4-year

Notre Dame of Maryland University’s approach to education has prepared thousands of high-level performers and creators of social change. The University is consistently responsive to the needs of a student body that’s hungry to learn and a world that’s hungry for knowledgeable, compassionate leaders.

NDMU is the first university in Maryland to be granted United Nations Non-Governmental Organization (NGO) Status. This classification for the institution offers NDMU students greater access to the U.N. and esteemed global leaders. Students make regular trips to the U.N., participating in a range of international learning experiences. U.N. ambassadors are also brought to campus as part of NDMU’s Visiting Ambassador Program. Students have the opportunity to meet and learn from representatives from around the globe who are creating and influencing international relations.

Acceptance rate 62%      •      Net price $20,023
Total Undergrad Population 2,233      •      Setting City: Large      •      Private 4-year
Graduation rate (6 year) 49%      •      Retention rate 65%      •      Student-to-faculty ratio 7:1

Click here for available majors

Business Majors Offered

Business Administration, Management and Operations
Hospitality Administration/Management
International Business

salisbury university logo

Salisbury University

Salisbury, MD ‧ Private ‧ 4-year

Salisbury University (SU) is nationally recognized for academic excellence. Its creative curriculum emphasizes undergraduate research, study abroad, professional internships, and civic engagement. Located on Maryland’s historic Eastern Shore, SU offers over 40 undergraduate majors and nearly 20 graduate programs, including a Doctor of Nursing Practice and a Doctor of Education program.

Nationally lauded for its dedication to undergraduate research, SU offers students multiple opportunities to assist professors in research as well as perform their own independent studies. Findings are presented on campus during the annual Student Research Conference, and many student-scholars also speak at national and international conferences. SU has twice hosted the National Conference on Undergraduate Research.

Much of the learning at Salisbury takes place outside the classroom. Students have assisted with field work both in local old-growth forests as well as in Amazon rainforests. They have also worked inside the Henson Science Hall labs, researching nerve development and preparing payloads for NASA rockets in order to test the effects of cancer metastasis in zero gravity.

Acceptance rate 78%      •      Net price $18,599
Total Undergrad Population 8,124      •      Setting Suburb      •      Public 4-year
Graduation rate (6 year) 69%      •      Retention rate 78%      •      Student-to-faculty ratio 15:1

Click here for available majors

Business Majors Offered

Business Administration, Management and Operations
Accounting and Related Services
Business/Managerial Economics
Finance and Financial Management Services
International Business

Towson University logo

Towson University

Towson, MD ‧ Public ‧ 4-year

With more than 150 years of leadership advancing higher education, Towson University has established a rich history of academic success and continues to strategically look to the future with purpose and passion.  

TU connects students to industry experts in intimate learning environments and never stops creating opportunities – which is why Tigers are prepared, no matter what. TU is one of a handful of universities in the country, and the only university in Maryland, to have no achievement gap. This means, Tigers learn in an inclusive environment where all students achieve the same academic success. TU also focuses on providing a well-rounded and dynamic student experience.  

Acceptance rate 79%      •      Net price $16,082      •      SAT Range 1040-1200      •      Students submitting SAT scores 92%
Total Undergrad Population 21,917      •      Setting City: Small      •      Public 4-year
Graduation rate (6 year) 73%      •      Retention rate 85%      •      Student-to-faculty ratio 16:1

Click here for available majors

Business Majors Offered

Business Administration, Management and Operations
Accounting and Related Services

What it’s like to attend business schools in Maryland and other FAQ:

What are average tuition costs in Maryland?

The average undergraduate tuition & fees for colleges in Maryland is $8,403 for in-state students at public institutions, $20,912 for out-of-state students at public institutions, and $23,970 for students at private institutions.

Most popular business degree programs in Maryland

Business Administration, Management and Operations – 2,857 degrees awarded in 2020
Accounting and Related Services – 819 graduates
Finance and Financial Management Services – 577 graduates
Human Resources Management and Services – 414 graduates
Marketing – 393 graduates

Cheapest business degree program in Maryland

Towson University has an average net price of $16,082 making it the least expensive business degree program in Maryland that made our list.

Easiest business degree program to get into in Maryland

McDaniel College has an acceptance rate of 81%, making it the least exclusive college with a business program on our list.

Business degree program with lowest student debt in Maryland

Towson University has a median total debt after graduation of $18,750. This is the typical debt for a student who completed their undergraduate degree.

See The Top Business Colleges of Distinction of 2022-2023

Best Undergraduate Business Schools by State

Alabama | California | Colorado | Connecticut | Texas | Florida | Indiana | Iowa | Kansas | Kentucky Louisiana | Massachusetts | Michigan | Minnesota | Missouri | New York | New Jersey | North Carolina | Oklahoma | Oregon | Tennessee | Pennsylvania | Virginia | Illinois | Georgia | Ohio | South Carolina | Washington | Wisconsin