Admissions

Business Master's Degree Admissions Requirements

Learn more about the application requirements for our business master’s degree programs. Please review the criteria and deadlines thoroughly.

All applications require the following:

  • $75 application fee
  • Essay articulating your qualifications and interest in the program
  • Current professional résumé
  • One letter of recommendation
  • Official transcripts from each college or university you have attended
  • Official GMAT/GRE test scores are required for all business masters programs except:
    • MS in Accounting
    • MS in Business & Management
    • MS in Supply Chain Management
  • TOEFL or IELTS exam (if you do not hold a degree from a U.S. institution or an English-speaking country)
  • Exposure to program-specific relevant coursework.

Program

Prerequisite Course Requirements

Accounting

Financial and managerial accounting with a grade of B or higher

Business Analytics

Statistics and calculus with a grade of B or higher

Business and Management

No prerequisite courses required

Finance

Statistics with a grade of B or higher

Information Systems

Statistics with a grade of B or higher

Marketing Analytics

Statistics with a grade of B or higher

Quantitative Finance

Statistics, linear algebra and other advanced quantitative courses with a grade of B or higher

Supply Chain Management

Statistics with a grade of B or higher

For more information on the GMAT, and to request an official score report, please visit www.mba.com. For more information on the GRE, and to request an official score report, please visit www.ets.org/gre.

Applicants to MS in Accounting, MS in Business & Management, and MS in Supply Chain Management are not required to submit GMAT/GRE scores, though it is highly recommended.

When requesting a score report be sent to the University of Maryland, please use the following institutional codes:

GMAT

  • Master of Finance SQT-N8-48
  • Master of Quantitative Finance SQT-N8-90
  • MS in Accounting SQT-N8-88
  • MS in Business Analytics SQT-N8-49
  • MS in Business and Management SQT-N8-91
  • MS in Information Systems SQT-N8-16
  • MS in Marketing Analytics SQT-N8-45
  • MS in Supply Chain Management SQT-N8-31

GRE

  • Institution code is 5814

Application Deadlines

  • October 15
  • November 16
  • January 15
  • February 15
  • March 10 (Priority deadline for international applicants)
  • April 1

Applicants can expect an admissions decision within 8-12 weeks after their application is marked complete.

Applications will be reviewed on a rolling basis after April 1.

Maryland Advantage is an incentive that helps all business master’s degree applicants with an undergraduate and/or master’s degree in the U.S. have a simpler admissions process. If admitted into a program, a financial award and other benefits are also available.

Incentives include:

  • A scholarship award
  • A GMAT/GRE waiver
  • Priority admissions decision
  • A career coaching session 

All incentives listed above - with the exception of the GMAT/GRE waiver - are guaranteed to all Maryland Advantage applicants. Applicants seeking a GMAT/GRE waiver through Maryland Advantage must meet the additional criteria outlined below.

Download the Maryland Advantage Fact Sheet

Obtaining a GMAT/GRE Waiver

If the degree program you are applying to requires GMAT/GRE test scores and you are seeking a waiver through Maryland Advantage, you must be an applicant who has completed their undergraduate and/or graduate degree in the U.S. and also meets the following criteria:

  • Earned at least a 3.0 cumulative GPA
  • Earned grades of B or better in statistics and/or other mathematical coursework, depending on whether your program requires a strong quantitative background

Receiving a GMAT/GRE waiver does not guarantee admission into the program.

How to Participate in Maryland Advantage

If you are interested in using this incentive, please complete the Maryland Advantage Application before submitting your business master's application. You will be asked to upload your transcripts. Maryland Smith will notify you of your approval status within 14 business days.

Maryland Smith appreciates the value active duty members and veterans bring to our community. We offer application fee waivers and GMAT/GRE waivers to active members, veterans and veteran family members of the U.S. military.

  • Application Fee Waivers
    This waiver is available to active-duty members, veterans or veteran family members using transferred VA GI-Bill benefits. When applying for the waiver, contact the MS Admissions Office at least 48 hours before submitting your application to ensure all paperwork is managed accordingly. To activate your waiver, email a copy of your transcript, DD Form 214 or proof of Active Duty to smithmasters@umd.edu. Your fee waiver must be activated before submitting your application.
  • GMAT or GRE Waivers
    Active members and veterans, you may qualify for a GMAT or GRE waiver to our Specialty Master's degree programs if you've earned one of the following:
    • An undergraduate degree from a U.S. accredited university or college with a GPA of 3.2 or higher on a 4.0 scale.
    • An undergraduate grade of B or higher in statistics or other quantitative courses.

Email smithmasters@umd.edu to request the waiver. Your military experience will be taken into consideration with your professional resume, required essay and letter of recommendation.

For TOEFL scores, contact www.toefl.org to request an official copy of your TOEFL test score to be sent to the University of Maryland at College Park. We will accept the "My Best" TOEFL score from ETS. For IELTS, the University of Maryland downloads scores that have been transmitted to our e-download account. IELTS test takers should contact their IELTS test center directly to request electronic test scores be sent to the following IELTS e-download account:

University of Maryland — The Graduate School
The Graduate School
2123 Lee Building
College Park, Maryland 20742-1815

Please note we cannot accept paper IELTS forms.

PTE test takers can send their score reports to the University of Maryland through their Pearson account.

TOEFL institutional code is 5814.

MINIMUM REQUIRED SCORES

 

TOEFL
Minimum Required Score

IELTS
Minimum Required Score

PTE
Minimum Required Score

Overall

96

7

68

Speaking

22

6.5

 

Listening

24

7

 

Reading

26

7

 

Writing

24

7

68

 

All admitted students are considered for limited financial awards on a first-come, first-serve basis. Candidates are reviewed for these awards holistically based on their application materials.

Award Types

  • University of Maryland, College Park - Double Terp Award
    In celebration of Maryland undergraduates returning to pursue their master's at Maryland Smith, all UMD College Park applicants who apply and are admitted will receive a $10,000 financial award.
  • Terrapin Scholar
    A financial award that is evenly dispersed between fall and spring semesters.

Class Profile

24
Age
3.4
GPA
639
GMAT Score
309
GRE Score
1
Year of Experience
49%
Women

Admissions data averages for master's degree candidates admitted to Maryland Smith for 2020.

Fall 2020/Spring 2021 Tuition Rates

Maryland Residents

$1,582 per credit

Non-Maryland Residents

$2,015 per credit
$2,098 per credit - Master of Finance/Master of Quantitative Finance

Fees

$817.50 – Mandatory Fee (per semester)
$80 – MS Association Fee (fall and spring semesters)
$125 – International Student Fee (per semester)

Approximate Living Expenses
(One year)

$18,000

Approximate Books and Medical Expenses
(One year)

$3,000

Tuition and fees are subject to change each academic year.

Submit Your Application

The first step toward getting your degree is to complete an application for the business master's degree program, Maryland Advantage and/or the Plus 1 program. Choose which application you would like to access:

Need Personalized Support Before Applying?

If you’re interested in speaking with an admissions representative directly about getting your business master's degree, email smithmasters@umd.edu.

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