The Bay State has the second-highest per capita income in the US, at $85,400, and has the largest population among the six states in the New England region of the US. Massachusetts has a particularly competitive labor market due to the large number of highly educated young people who have recently graduated from the state’s several schools and universities, such as the Massachusetts Institute of Technology (MIT).

The financial, higher education, health care, biotechnology, tourism, manufacturing, information technology, and defense sectors are all vital to Massachusetts’ economy. General Electric, Raytheon, Liberty Mutual, Street State Corporation, and Boston Scientific are a few of the big international businesses operating in the state. US News and World Report ranked Massachusetts the #1 best state in the nation for business.

Massachusetts leads the way in the small company sector. Because the state has so much to offer employers, employees, enterprises, and entrepreneurs, communities prioritize supporting their neighborhood businesses. This establishes a strong network of support that might be crucial for someone starting a small business in the Bay State or working in one.

It is understandable why so many small business owners choose to relocate to Massachusetts, given access to large consumer markets, a wealth of free and easily accessible small business tools, a strong labor market, an excellent educational system, and a growing tech sector.

Some of the top colleges in the world are located in Massachusetts, which is essentially synonymous with higher education. Leaders serious about moving up the corporate ladder must obtain an MBA, and Massachusetts universities are highly recognized nationally and internationally.

Prospective MBA students looking to study in a graduate school in the Bay State have abundant degree options, from online MBA programs to on-campus programs with specializations and Study Abroad options. But honestly, given the diversity of the business sector in Massachusetts, you don’t have to travel far to study business.

Top 20 MBA Programs in Massachusetts

Harvard Business School – Harvard University

We’re all familiar with Harvard University, the oldest institution of higher study in the country, established in 1636. For generations, its graduates dominated the clerical and civil ranks in Massachusetts.

Starting in the 19th century, however, as a dozen graduate and professional schools were established alongside the core undergraduate College, its prominence began to rise to national and eventually international levels. Today, Harvard has over 23,000 students that have passed their selective process.

Harvard University has 11 schools, several allied institutions, and a presence in 16 countries. The Harvard Business School is among the great pride of Harvard. It consistently ranks as one of the best business schools in the world and provides a sizable full-time MBA program, Ph.D. degrees in management, and a wide range of executive education opportunities.

Harvard Business School offers two Master of Business Administration tracks

Harvard Business School is AACSB-accredited.

In the HBS MBA: General Track, you’ll focus on Global Intelligence, Learning in Practice, Entrepreneurship & Innovation, Residential Learning Community, Alumni Relationships, and Publications & Resources.

You’ll develop profound general management and leadership abilities through the Harvard Business School’s extensive case- and experience-based curriculum, laying the groundwork for a lasting impact on their leadership style.

HBS is the top business school for several reasons. HBA has rigorous admissions requirements, excellent job placement opportunities in the PE, technology, VC, management consulting, healthcare, and other sectors, an incredible roster of alumni in influential positions, and exceptional teaching standards.

Sloan School of Management – Massachusetts Institute of Technology

Massachusetts Institute of Technology, established in 1861 by the state of Massachusetts, and received its land-grant status in 1863, is one of the top schools to place STEM education into almost all their programs. MIT is famously known for its science and technological research facilities, ranking top on all university research and teaching rankings. MIT is a very selective university with over 11,000 students.

While MIT has five schools, one college, and 12 campuses, there are no law and medicine degrees. The Sloan School of Management investigates the future of employment at the nexus of business and technology. Sloan education aims to establish companies that will stimulate regional economies in underdeveloped nations, focuses on updating health care, and involve individuals from all over the world in combating climate change.

Sloan School of Management offers a Master of Business Administration with three tracks:

Besides these tracks, MIT has Sloan Fellows MBA and an Executive MBA.

Sloan School of Management is AACSB-accredited.

The two-year, full-time MBA program offers the intellectual rigor and knowledgeable faculty you’d expect from MIT, along with the freedom to tailor the curriculum to your objectives. You can select your electives after the first-semester core to make sure you’re ready to think critically and take action.

Electives include Accounting, Data Analytics, Business Analytics, Economics, Entrepreneurship, Supply Chain Management, and many more.

The MBA program also allows students to take classes for certifications related to their field; this will help them become more competitive and create more networks for better job opportunities. Certifications include Sustainability Certificate, Healthcare Certificate, Business Analytics Certificate, and Digital Product Management Certificate.

Questrom School of Business – Boston University

Boston University wasn’t established in Massachusetts. It was started in 1839 by Methodists, with its initial site in Newbury, Vermont, before relocating to Boston in 1867. The institution, one of Boston’s top employers, currently employs over 4,000 faculty members and has over34,000 students.

The academic opportunities at BU are extensive and varied, with ten schools and colleges, 300+ majors and minors, more than 650 global courses, $1 million in research support for undergraduates, and more than 70 study abroad programs.

The Questrom School of Business is a top business school globally with the best MBA programs, where students are grouped with around 50 other students to complete core courses, fostering strong professional and interpersonal ties. The business school teaches its students to view business organizations as a connected system where each choice has a multiplicity of effects.

Questrom School of Business offers these MBA degree programs:

Questrom School of Business is AACSB-accredited.

Students who don’t want to attend on-campus classes can enroll in the Online MBA program.

The BU online employment board, a student success specialist, and other university services like the BU Library—both online and on-campus—are all available to all students in the online MBA program. After your course of study, you can join in the commencement festivities at Questrom and Boston University.

On-campus and online students will receive the same high-quality education and networking opportunities.

Carroll School of Management – Boston College

Boston College, an R1 research university, nonetheless refers to itself as a “college” to honor its past status as a tiny liberal arts institution. The main campus is a historic area home to some of North America’s first collegiate gothic buildings. With what started as a small college in 1863, BC now has over 14,000 students.

Boston College has eight schools and colleges, one of which is the Carroll School of Management, offering world-class college education. The Carroll School of Management is among its most popular and sought-after schools.

Boston College provides networking opportunities beyond the school, linking students with employers and professionals through the Career Center and other student support services.

Carroll School of Management offers one of the best on-campus and online programs in Business Administration that will help you with career advancement. The MBA at this business school has three tracks:

Carroll School of Management is AACSB-accredited.

Online and on-campus MBA students will receive a free membership to BC’s Analytics and Business Intelligence Consortium (ABIC), located at the cutting-edge Idea Lab. MBA students have access to a first-rate forum through ABIC to learn about the most recent developments and applications in applied analytics. ABIC offers endless networking opportunities with business executives.

D’Amore-McKim School of Business – Northeastern University

Northeastern University, established in 1898, consists of a cooperative education program, or “co-op,” that combines academic study with professional experience and has over 3,100 partners on all seven continents.

Additionally, Northeastern offers a wide-ranging study abroad program that includes more than 170 colleges and universities. Northeastern University has over 19,000 students from certificate to graduate degree programs.

Northeastern University has nine schools and colleges, including the D’Amore-McKim School of Business. The unique teaching method at Northeastern University combines in-depth classroom instruction with practical experience and makes learning far more effective. Students have up to 18 months of professional, career-related experience when they start working.

The D’Amore-McKim School of Business offers a Full-Time MBA degree program with several concentrations. Students can choose two concentrations from the following:

D’Amore-McKim School of Business is AACSB-accredited.

The D’Amore-McKim School of Business combines theoretical knowledge with practical business knowledge. MBA students participate in a three-, six-, or twelve-month corporate residency, which offers a comprehensive, paid work experience that can result in beneficial relationships.

Online and Part-Time MBA programs are available for students who cannot complete the degree in a full-time on-campus format. These programs will still provide the same education quality as their counterparts.

F.W. Olin Graduate School of Business – Babson College

Babson College, established in 1919, has entrepreneurial education as its primary focus. Roger W. Babson started it as an exclusively male business school, but in 1970 it opened its doors to all genders. Today, Babson College enrolls over 4,000 students.

Babson College has ten academic divisions, offering various degree levels, minors, and majors. The F.W. Olin Grad School of Business is one of the most prominent schools in Babson College, which include ethics, integration, teamwork, and entrepreneurial and inventive thinking, reflecting the school’s strong emphasis on entrepreneurship and the global economy.

Babson has strong connections with hundreds of businesses, in addition to its 43,000 alums spread across 129 nations, creating a potent, worldwide network at your disposal.

The F.W. Olin Grad School of Business full-time Master’s of Business Administration degree has seven concentrations:

The Babson – F.W. Olin Graduate School of Business accreditation was granted by the AACSB.

Babson MBA students develop their international business abilities through the school’s Global Management program and acquire practical experience through the Babson Consulting Alliance program, a requirement for all two-year students.

Babson College collaborates with colleges, organizations, and governments worldwide to encourage international entrepreneurship.

Isenberg School of Management – University of Massachusetts Amherst

One of the Northeast’s most comprehensive universities, UMass Amherst is the most prominent public research university in New England. It has more than 28,000 students and more than 200 distinct academic programs, including highly ranked ones in business, computer science, health care, and the social sciences.

With 12 schools and colleges, UMass Amherst offers a variety of unique academic programs that you can customize. The Isenberg School of Management is a leading business school for graduate students. It is dedicated to giving students the training, exposure, and access to executives that will enable them to lead inclusively and influence change in their communities.

The Isenberg School of Management offers an MBA degree focused on cooperative, experiential learning. The on-campus and online MBA programs allow students to choose one of three focus areas:

A dual degree can be a fantastic choice if you have a specific area of interest or career goal in mind. Double degree options include:

Isenberg School of Management is AACSB-accredited.

Students from Isenberg can access lectures at the sister institutions – Hampshire College, Amherst College, Mount Holyoke College, and Smith College. Every school has a library with unique collections that students are free to borrow from. The Five Colleges are connected to the surrounding communities by a free bus system.

Bentley University Graduate School of Business

Bentley University

The Bentley School of Accounting & Finance was the original name of Bentley University when it was established in 1917. Bentley University is mainly known for its undergraduate and graduate degree in business education. The university has over 6,000 students.

Bentley University’s Graduate School of Business is one of the most prominent business schools in Massachusetts, with selective admission to its graduate degree programs. Bentley goes big on giving students opportunities for networking. Business students are given a chance to meet with CEOs, business professionals, and alums.

Graduate School of Business at Bentley University offers a Full-Time, Part-Time, Accelerated, and Online MBA. MBA concentrations include:

Bentley University is AACSB-accredited.

Bentley University’s MBA program operates in partnership with Beth Israel Deaconess Medical Center, a premier teaching hospital.

The MBA program is closely tied to the healthcare industry, which allows students to apply business principles in a healthcare setting. This includes specialized healthcare management classes to equip managers and aspiring managers with the skills and perspectives necessary to lead in the complex and rapidly changing world of healthcare.

Foisie Business School – Worcester Polytechnic Institute

Worcester Polytechnic Institute started in 1865 and is one of the US’s first engineering and technology universities. WPI’s education is based on science, engineering, and the humanities, which will help students develop answers to issues faced by actual people, both locally and globally.

The expanding biotechnology sector in Worcester is significantly aided by the WPI Bioengineering Institute, contributing to the school’s enrollment status of over 7,000 students.

WPI offers degrees in 70 different fields of study through its four schools of engineering, arts & sciences, business, and global studies. The Foisie Business School is one of the top-ranked business schools in Massachusetts. WPI encourages students to participate in on-campus activities to meet other people and expand their network.

The Foisie Business School’s Master of Business Administration program is a STEM-integrated degree that broadens the skill set of technically skilled individuals and addresses the areas identified for improvement. Specialization includes:

Business Intelligence & Analytics
Global Supply Chain & Operations Management
Information Technology & UX Design
Innovation & Entrepreneurship
Product Management & Marketing

Foisie Business School is AACSB-accredited.

After the program, students will have one last chance to put their classroom knowledge to use in a final capstone project. This final coursework will determine your skills and understanding of the field and if you’re ready to become an MBA graduate.

Graduate School of Management – Clark University

The first graduate-only institution in the country, Clark University opened its doors on October 2, 1889, and had faculties for math, physics, chemistry, biology, and psychology. Today, Clark University broadened its field of study to business education. CU now has over 4,000 students.

After declaring a major, students have access to more than 50 study abroad alternatives, and nearly one-third of Clark students take advantage of this opportunity. While Clark University is a small liberal arts institution, it houses one of Massachusetts’s most prominent business schools. The Graduate School of Management helps students create a vast network through its ties and school alums.

CU’s Graduate School of Management offers a Master of Business Administration that allows students to select one of the following concentrations:

Accounting
Expanded Accounting (offers specified courses that prepare you for the CPA exam)
Finance (STEM Program)
Management
Information Management and Business Analytics (STEM Program)
Marketing
Social Change and Sustainability

Clark University also offers dual degree options such as:

The Graduate School of Management – Clark University is AACSB-accredited.

A graduate internship completed successfully satisfies the need for experiential learning. All full-time on-campus MBA students are required to complete an internship, with the following exceptions: those working full-time during the program, those with three or more years of professional business work experience, and those taking part in an exchange program.

Brandeis International Business School – Brandeis University

Brandeis University, established in 1948, enrolls a diverse student body in terms of geography and income. The university is a top-notch institution with excellent teaching and abundant research opportunities. Brandeis University has over 6,000 students enrolled.

Brandeis University has five schools and colleges, including the Brandeis International Business School. This business school is one of the most inclusive ones on the list. Boston is conveniently close by, so students can benefit from its cultural and social activities.

Brandeis International Business School offers one of the best MBA programs with several concentrations, including:

In addition to concentrations, Brandeis International Business School also offers BA/MBA, MSBA/MBA, and MSF/MBA Dual Degree.

Brandeis International Business School is AACSB-accredited.

The unique offering from Brandeis University is the BA/MBA, which allows students to pursue a bachelor’s degree and a master’s degree that can be completed in five and a half years. This offering is much more convenient for students yet to earn a bachelor’s degree.

Students in the MBA program have the privilege to visit innovation centers and big companies, such as Amazon, Deloitte, Google, and Goldman Sachs. This offering will allow you to take a sneak peek at how companies operate. You can also speak with employees and executives and try to create a network of connections within these companies.

Charlton College of Business – University of Massachusetts Dartmouth

The University of Massachusetts Dartmouth, established in 1895, is one of the most prominent research universities in the United States. The “Innovation Triangle” in southeastern Massachusetts, which includes significant research and development centers in New Bedford and Fall River, has been strengthened by the University’s opening of a 22,000-square-foot Research Building, the first at UMass Dartmouth devoted exclusively to research. UMass Dartmouth has over 8,000 students.

UMass Dartmouth consists of nine colleges, including the Charlton College of Business. Building and/or supporting student academic performance and retention, as well as helping to meet strategic objectives for persistence and on-time graduation of the entire student body, are the University’s best practices.

Charlton College of Business offers MBA three MBA tracks:

Charlton College of Business is AACSB-accredited.

The on-campus full-time MBA offers ten concentrations: accounting, business analytics, environmental policy (interdisciplinary), finance, health systems management, international business, marketing, organizational leadership, public management (interdisciplinary), supply chain management, and information systems.

Online concentration options include accounting, business analytics, finance, supply chain management, and information systems. The JD/MBA program will help you explore business law deeper.

The two-year curriculum is supported by one-on-one personal counseling from the University of Massachusetts Dartmouth. They also offer chances for networking with faculty members and professionals.

Sawyer Business School – Suffolk University

Suffolk University was set up in 1906 as a small law university for immigrants, where classes were only available in the evening. The university became an international organization that combines classroom instruction with hands-on experience and draws on partners and mentors in Boston and other cities. Suffolk University now has more than 5,000 students enrolled.

The university has four schools, each facilitating various courses, including the Master of Business Administration at Sawyer Business School. Suffolk University has Employee Resource Groups that allow students and staff to network and participate in professional development events. 9% of the workforce in Suffolk is currently active in one or more employee resource groups.

Sawyer Business School offers one of the most prominent online MBA programs, including a Full-Time MBA, MBA/MSA, MSBA/MHA, and MSBA/MSA. The Full-Time MBA option allows students to choose one of these concentrations:

Sawyer Business School is AACSB-accredited.

Although the program is entirely online, students do have the choice to participate in a weeklong trip seminar. Germany, China, and Silicon Valley have all hosted travel seminars. Students then allocate five credits to Contextualize: From Boston to the World courses, seven credits to Construct the Big Picture courses, and the remaining three credits to a Lead and Implement Change course.

Robert J. Manning School of Business – University of Massachusetts Lowell

The Massachusetts Agricultural College, which was the original name of UMass, was founded in 1863. In 1947, Mass State changed its name to UMass. UMass has grown from its small beginnings as a 56-student land-grant college to a regional powerhouse that enrolls nearly 75,000 students annually.

UMass Lowell comprises six schools and colleges, including the Robert J. Manning School of Business. One of UMass Lowell’s greatest pride is its Career & Co-op Center, which assists all students and graduates who need help in achieving their professional objectives. The Career & Co-op Center at UMass Lowell will assist you whether you’re seeking professional employment full-time, a part-time job, or an internship to gain experience in your area.

Robert J. Manning School of Business offers an Online Master of Business Administration program featuring expedited coursework, a part-time course schedule, and flexible alternatives. Students may concentrate on their electives and select one of the following options:

Accounting
Business Analytics
Entrepreneurship
Finance
Healthcare
Information Technology
International Business
Managerial Leadership
Marketing

Robert J. Manning School of Business is AACSB-accredited.

To bring new medical device innovations to market, the Manning School of Business collaborates with the UMass Medical School and Francis College of Engineering. The university also conducts one of the most prestigious conferences on entrepreneurship in higher education.

This program appeals to students seeking a wide variety of concentration possibilities and ranks highly for affordability, cost, and admission rates.

Boston College of Management – University of Massachusetts Boston

The University of Massachusetts Boston started its operations in 1965 and is the third-largest campus in the five-campus University of Massachusetts system; it is the only public research university in Boston. UMass Boston enrolls more than 17,000 students yearly.

UMass Boston comprises eight colleges and schools, engaging local and global constituents through academic programs, research centers, and public service. One of the schools is the Boston College of Management. The most famous event for networking is the UMass Boston Networking Event, a hands-on opportunity for students and alums to meet and interact with hiring managers.

The Boston College of Management offers a Master of Business Administration program that allows students to choose between an on-campus and online format. There are 11 specializations available:

The Boston College of Management at UMass Boston is AACSB-accredited.

UMass Boston houses five outreach centers: Center for Collaborative Leadership, Entrepreneurship Center, Center for Sustainable Enterprise and Regional Competitiveness, and Financial Services Forum. Graduate students should have all the support they need from the school to secure graduation.

Graduate & Professional Studies – Lasell University

Lasell was founded in 1851 and provided degrees in the liberal arts, sciences, and professional areas of study at both undergraduate and graduate education levels. Lasell University has over 2,000 students, and at least 500 are graduate students. Because only a few students are enrolled, the student-to-teacher ratio is low, following the 15:1 average.

Lasell University consists of five schools, one of which is Graduate & Professional Studies. Lasell University is strongly committed to its students’ professional development and personal growth. After joining Lasell, you become a part of a vast network of alums, business experts, corporate partners, and a community that will help you achieve your personal and professional goals.

The Graduate & Professional Studies at Lasell University offers an MBA degree program with several concentrations, including the following:

Graduate & Professional Studies is ACBSP-accredited.

The MBA curriculum is taught by a small group of professional business instructors. Some topics covered include organizational development, leadership, quantitative analysis, finance, and strategy.

Regarding student support services, Lasell offers a wide range of support services to ensure your success in our program. This includes career counseling, academic advising, enrollment counseling, and free tutoring. Additionally, the MBA program is available in hybrid and fully online learning formats.

School of Business – Fitchburg State University

When Fitchburg State was founded in 1894, it was first known as the State Normal School in Fitchburg, and the only course of study was a two-year program for women seeking to become teachers. Fitchburg State has over 7,000 male and female students pursuing degrees from different fields of study.

Fitchburg State has five schools and colleges, including the School of Business. The university’s business programs are geared to give students the vital skills they need to keep up in a competitive, quickly evolving global environment. Additionally, students have several networking opportunities, thanks to the school’s alums and events.

The School of Business offers web-based and on-campus MBA degrees, including:

Fitchburg State’s School of Business is IACBE-accredited.

MBA students with a GPA of 3.00 or better may apply to enroll in one additional concentration. After their first semester, students can choose a dual concentration. One specialization can only count completed courses once.

The prerequisites for the catalog year in which their dual concentration is approved must be met by students whose dual concentration has been granted.

Dual concentration options are:

Management/Accounting
Accounting/Human Resources Management

Bertolon School of Business – Salem State College

Bertolon School of Business - Salem State University

Salem State University is part of the state university system in Massachusetts, established in 1854, and the first and largest institute of higher education on the North Shore. Salem State University has made it a priority to provide students with the chance to pursue higher education ever since it was established. Today, the institution has over 8,000 students.

Berton School of Business is one of the schools and colleges of Salem State College. The business school is widely known for its efforts in providing students with abundant networking opportunities and providing one of the best MBA degrees.

Bertolon School of Business offers a Full-Time Master of Business Administration degree with concentrations in:

Accounting
Entrepreneurship
Finance
General Business
Hospitality Management
Information Systems
International Business
Management and Marketing

Bertolon School of Business is AACSB-accredited.

The MBA program at Bertolon School of Business has 25 full-time instructors that have worked in major companies, such as Deloitte & Touche, Marine Midland Bank, Morgan Stanley, and Hilton Hotels. These professionals will help you create networks in these major companies.

Graduate & Professional Studies – Nichols College

Nichols College - Graduate & Professional Studies

Nichols College was established in 1815 as Nichols Academy and closed its doors in 1909. In 1958, the institution reopened and became Nichols College, a four-year institution authorized to provide the Bachelor of Business Administration degree. Today, Nichols College has over 2,000 students.

Nichols College is one of the few universities on the list with a low student-to-teacher ratio. The college’s limited student enrollment allows instructors to focus on each student and have more time to answer students’ inquiries. Students are also given the focus on networking building.

Graduate & Professional Studies offers a Master of Business Administration with several concentrations, including:

HR Management
Cybersecurity
Project Management
Data Analytics

Nichols College’s Graduate & Professional Studies is IACBE-accredited.

Nichols College is one of the most affordable colleges, even without a tuition reduction on the list. A 10% tuition discount is available to alums, senior applicants, and Chamber of Commerce members of the neighborhood.

Additionally, there’s a 20% discount for first responders. There are discounted tuition rates for active-duty and retired members of the military forces.

College of Business – Western New England University

Western New England University - College of Business

Western New England College opened its doors as the Springfield Division of Northeastern University in 1919. During that time, WNEU only had 13 students. Today, the university has over 3,000 students.

Western New England University comprises five schools and colleges, including the College of Business. Plenty of professionals from different fields from accounting, insurance, and manufacturing industries, banks and financial institutions, healthcare and non-profit professionals, and dozens of entrepreneurs have all tested their skills at the College of Business.

Their education has equipped them with a solid foundation in all business areas and the specialized knowledge of their degrees and internships to help their organizations and personal careers succeed.

The College of Business offers a 100% online Master of Business Administration with three concentrations to choose from:

The College of Business at WNEU is AACSB-accredited.

The MBA allows you to network with other students, instructors, alums, clients, and other professionals in a live online web conferencing learning environment that you can access from anywhere.

The program also utilizes a collaborative learning approach, allowing high-performing students from top organizations in the region to guide you with your studies.

Frequently Asked Questions

Who are the largest MBA employers in Massachusetts?

Massachusetts is home to several big companies. MBA graduates in Massachusetts have abundant employment options. Along with manufacturing and technology, education and health services rank among the Commonwealth’s top industries.

Here are the top five biggest employers in Massachusetts:

General Electric
The TJX Companies
Showcase Cinemas
Fresenius Medical Care North America
Raytheon

How much do MBA programs in Massachusetts cost?

The average cost of an in-person MBA program in Massachusetts is approximately $60,000. On the other hand, an online MBA program typically costs $52,000.

Is Massachusetts a good place to study business?

The state is a major center for graduate education, hosting several prestigious institutions that provide highly ranked, internationally approved business master’s programs.

Additionally, the area has a variety of unique advantages. Massachusetts has been the most prosperous state in the union for almost every year of the previous ten years.

Why Get an Online MBA in Massachusetts?

If you’re considering obtaining an MBA through online learning, you must ensure that the program is accredited by an American professional organization, such as the Association to Advance Collegiate Schools of Business.

The best Massachusetts online MBA programs are frequently part-time courses so you can learn without getting too busy. Others provide expedited solutions to help you advance in your profession more quickly.

Is a two-year on-campus MBA worth it?

A two-year on-campus Master of Business Administration degree is worth it. An on-campus MBA offers much more networking opportunities inside and outside the institution. You’ll meet more people as you progress in the program, allowing you to build strong relationships and vast networking opportunities.

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