Graduate Funding and Costs
Join Maine’s Premier Business School for $22,500
* $750 rate per credit hour applies to all MaineMBA Core 8 classes and all electives offered through the Maine Business School. For those pursuing a concentration, the cost per credit hour can vary depending on the department in which the concentration courses are offered. Please visit the respective sites to see the credit hour cost at our collaborating institutions: University of Maine (non-business), University of Maine School of Law, and University of Southern Maine Muskie School of Public Service.
Funding Sources
Workforce Partners Program
Maine’s workforce is changing. With the creation of new jobs and industries throughout Maine, leadership transitions, and a wave of expected retirements, Maine is on the cusp of a workforce shortage for skilled executive-level leadership.
- Starting in 2021, experienced professionals retiring from the Maine workforce will begin to outnumber young Maine adults entering their careers.
- Demand for workers with executive-level business leadership skills is projected to grow by more than 100 jobs per year over the next 10 years.
The University of Maine’s Graduate School of Business has stepped in to foster the future business workforce of Maine through the MaineMBA Workforce Partners Program. Through the Workforce Partners Program, Maine employers will develop the next generation of skilled executive leaders, while both employers and employees take advantage of significant cost savings and other benefits.
Workforce Partners Program benefits are available to any employee of any active member of any State of Maine Chamber of Commerce.
Who qualifies?
If your employer is a member of any of the Chambers of Commerce in the state, you are eligible for Workforce Partner Program discounts and benefits.
How to get started
First: Confirm with your supervisor or HR office that your employer is a current member of any Maine Chamber of Commerce
Second: Apply and be admitted to an eligible graduate degree:
MaineMBA (Any concentration, any campus or online)
Graduate Certificate in Business (100% online)
Graduate Certificate in Business Analytics (100% online)
Third: Submit the Workforce Partners Form two weeks prior to the start of each term you are enrolled in.
Finally: Set up a meeting with your advisor to register for classes
Assistantships
MaineMBA Graduate Assistantships
CLOSED FOR AY 2024-2025
Graduate assistantships are awarded competitively to outstanding full-time MaineMBA applicants each fall to work in business research and classroom settings. Assistantships include 18 credits of tuition coverage and a generous monthly stipend. Applicants wishing to be considered must be matriculated MaineMBA students and apply through the University of Maine Career Center CareerLink.
University Graduate Assistantships
The University of Maine posts graduate assistantships available to students of all majors throughout the campus. Assistantships include full or partial tuition coverage and a generous monthly stipend. Students must be available to work on the Orono campus.
Graduate Assistantship in the Division of Lifelong Learning
The Division of Lifelong Learning (DLL) at UMaine serves learners across the student lifespan. DLL learners have diverse academic and professional backgrounds. A grad assistantship in DLL can be an excellent opportunity to gain experience in marketing and communications, project management, and develop familiarity with policies and protocols in higher education. Learn more.
Scholarships and Research Grants
Tuition and research funding awards are available each year for graduate students in the MaineMBA. The assistantships, scholarships, and funding sources listed below are offered through the department, college, graduate school, and other organizations. All funding opportunities are highly competitive, and deadlines are firm. Please look at the application information below for the specific opportunity you are interested in.
Scholarship Universe is a search tool available to all University of Maine students. You gain access to this tool after being accepted to the program.
DEADLINE: February 16, 2025
The Maine Center’s Alfond Ambassador program provides financial support and leadership development for graduate students in business, law, policy, engineering, and computing who are committed to strengthening Maine’s economy after graduation. The Alfond Ambassadors are a distinguished cohort of future leaders and changemakers empowered to leverage their education to tackle challenges and drive innovations critical to advancing Maine. Ambassadors are selected based on academic excellence, leadership potential, a shared vision for positively impacting Maine’s economic future, and a demonstrated dedication to fostering economic growth and innovation in Maine after graduation.
For more information about the Alfond Ambassador program, including the eligibility criteria and the application process, visit: https://www.maine.edu/mainecenter/graduate-programs/alfond-ambassadors/.
Atlantic Provinces Graduate Scholarship
Three scholarships paying a year’s tuition are available on a competitive basis to graduates of the colleges and universities of the Atlantic Provinces and Quebec. The Graduate School requests nominations from departments in early February.
Bonello Family Scholarship Fund
Established in 2013 for the benefit of the University of Maine, Orono, with a gift from John L. Bonello, a member of the class of 1965.
This fund shall provide scholarship aid for undergraduate and graduate students at the Maine Business School at the University of Maine. The Graduate School of Business, in consultation with the Office of Student Financial Aid, shall select the recipients.
George V. Nauman Scholarship Fund
Established in 1985 through the benefit of his widow, Isabel H. Nauman. This fund shall provide scholarship assistance to worthy graduate and undergraduate students in applied economics or business administration who have financial needs. Selection of the recipients shall be made for graduate business students by the Graduate School in consultation with the Office of Student Financial Aid.
Graduate School of Business Scholarships
The Graduate School of Business offers multiple small scholarships available to full and part-time students in the MaineMBA or Certificate Programs. Interested students can apply via an online application when available.
Graduate Student Government Grants
The University of Maine Graduate Student Government awards individual grants for conference presentations, professional development, research supplies, and conference travel.
Graduate Trustee Tuition Scholarship
Up to 20 University of Maine graduate scholarships, which pay a year’s tuition, are available on a competitive basis to students enrolled in graduate programs. Scholarship recipients are required to register for nine hours of credit each semester. The Graduate School requests nominations from departments in early February.
Guvenc G. Alpander Fund
Established in 1996 with gifts from colleagues, alumni, family, and friends in honor of his 30 years of dedicated service to the College of Business Administration, where he served as director of the Masters of Business Administration Program and was also the holder of the Nicolas M. Salgo Professorship.
This fund shall support graduate students in the Masters of Business Administration Program for scholarship awards, stipends, and books. This is awarded at the discretion of the Graduate School of Business.
John M. Webber School of Business
Established in 2007 with an initial gift from John M. Webber. The purpose of the Scholarship is to provide financial assistance to students enrolled in one of the Business School’s graduate-level programs at the University of Maine, Orono.
Preference is given to students studying international business or finance. Scholarship awards shall be based on the potential for career success following graduation. The Graduate School of Business administration shall select the recipient.
Students can apply for a variety of scholarships through the Maine Community Foundation.
The University of Maine Graduate School awards two scholarships that pay a year’s tuition are available to graduate students whose socioeconomic background, prior academic or work experience, and/or graduate educational interests would bring a unique perspective to the University of Maine community. Preference for these scholarships is given to individuals from groups traditionally underrepresented at the University of Maine. Scholarship recipients are required to register for nine hours of credit each semester. The Graduate School requests nominations from departments in early February.