Peter F. Drucker and Masatoshi Ito Graduate School of Management

Claremont Graduate University, Peter F. Drucker and Masatoshi Ito Graduate School of Management History

Claremont Graduate University, founded in 1925, is a private, coeducational institution. The 80-acre campus is located in a suburban area 35 miles east of Los Angeles. Total undergraduate and graduate enrollment is approximately 2100. Figures given in the above capsule are approximate.

The Peter F. Drucker and Masatoshi Ito Graduate School of Management was founded in 1971 and is located on the main campus, in its own building, Burkle Building. The basic educational approach is to focus on developing leaders with a humanitarian approach to management, by using the Socratic method and a case study approach.

Claremont Graduate University, Peter F. Drucker and Masatoshi Ito Graduate School of Management Academics

The Drucker School offers the Master of Business Administration (MBA), Master of Arts in Management (MA), Executive Master of Business Administration (EMBA), Advanced Executive Master of Business Administration (AEMBA), and Master of Science in Financial Engineering (MSFE) as well as a doctoral program in management, and a joint degree in financial engineering (MS), arts and cultural management (MA). Other programs include 4+1 degrees with Claremont’s undergraduate colleges; interdisciplinary programs in psychology, education, and humanities; cross-registration with the Schools of Organizational and Behavioral Science, Politics and Economics, Humanities, and Information Science; cooperative programs with Oxford University, England, Saint Gallen, Switzerland; and Hitotsubashi University, Japan; work-study programs, foreign exchange with Japan, Switzerland, and France; internship programs, including field studies, honors, and consulting projects; and joint research with faculty. The strongest areas of study are strategic management, general management, leadership, entrepreneurship, and venture finance. The most popular courses are Strategy and Leadership, Global Economy, Revitalization, Financial Policy, and Strategy. Regular programs bring distinguished speakers and visiting professors to campus through a Distinguished Speaker series and an Executive Forum series.

Sixty total credits are required to complete the MBA, including 30 elective credits. Required courses include:

• Financial and Managerial Accounting
• Organizational Behavior
• Information Management/Applied Operations
• Marketing Management
• Corporate Finance
• The Strategy Course
• Morality and Leadership/Drucker on Management
• Quantitative Methods

Required courses for the MSFE include:

• Probability
• Statistics
• Stochastic Processes
• Mathematical Finance
• Managerial and Financial Accounting and Control
• Managing Corporate Finance
• Investments
• Financial Derivatives

Students may eliminate or substitute requirements by completing comparable courses at an accredited school with a grade of B or better within the past 5 years.

Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending full time is 16 months; maximum, 6 years. For students attending part time, the maximum is 6 years.

In a recent year, there were 12 total full-time graduate business faculty, all of whom hold a doctorate; there were 12 part-time faculty, of whom 93% hold a doctorate. Faculty salaries are rated above average for Category I institutions, based on the AAUP rating system. Average number of credit hours faculty teach is 16; average business class size is 25.

Claremont Graduate University, Peter F. Drucker and Masatoshi Ito Graduate School of Management Unique Programs

Library

The university’s main library houses a collection of more than 1.9 million volumes, 1.3 million microform items, and 100 audio/video tapes/CDs, and subscribes to 5000 periodicals. The business library is particularly strong in management theory and investment information. Students have access to such databases and networks as ABI/INFORM, Lexis/Nexis, and EconLit. Other opportunities for research consist of Drucker Archives.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of a student computing center with 7 terminals hooked into the network and full access to all academic computing resources located in the business school, open to students during business and class hours.

Career and Job Placement

In a recent spring, 43 companies recruited on campus. Eighty percent were national corporations. Majors most in demand were finance, consulting, general management, strategy, and marketing. Average starting salary of the graduating class was $74,833; range was $48,000 to $100,000. The percentage of graduates finding jobs were:

• national corporations 40%
• regional corporations 24%
• local large enterprises 18%
• government/not-for-profit 9%
• self-employment 5%
• local small enterprises 4%

Placement services are extensive, and those available to alumni include counseling, networking, job strategy workshops, and alumni mentoring. Placement is available through Office of Career Services and Corporate Relation. Fifty-one percent of a recent graduating class found jobs within three months of receiving their degree.

International Students

International students must take the TOEFL. They also must submit a translation of their transcripts, proof of health consisting of evidence of vaccinations, TB test, and doctor’s statement, and proof of adequate funds to cover 1 academic year of study. Financial aid is available for these students and consists of limited amounts available from the institutional aid pool.

Calendar

The school operates on a traditional semester basis. Semesters are 16 weeks long; summer sessions, 7 weeks. Graduate programs are offered during the day and evening, weekends. The MBA and Executive Management programs offer classes in the evening, on Saturday, and in a Friday-Saturday-Sunday combination.

Claremont Graduate University, Peter F. Drucker and Masatoshi Ito Graduate School of Management Admissions

A bachelor’s degree is required. Most important admissions factors are work experience, GMAT results, and essays. A strong mathematics background is not required.

The average GPA was 3.2. Transfers are accepted. Minority students are actively recruited by a full-time diversity officer; there is also a minority mentor program.

Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $50, 3 letters of recommendation, a resume, and a statement of purpose. Students are notified within 2 to 4 weeks of the admissions decision. Once accepted, students may defer admission to any term within 1 calendar year. Check with the school for current application deadlines.

Claremont Graduate University, Peter F. Drucker and Masatoshi Ito Graduate School of Management Financial Aid

Stipends and programs available for minority students include fellowships. The school’s own financial statement is required. Check with the school for current application deadlines.

Tuition for all students is $1150 per credit, or $34,500 per year. On-campus room and board costs approximately $15,500; books and supplies, $1000; personal expenses, $4000; and other fees, $160, for an estimated annual total of $55,160. Graduate student housing includes studio, 1-bedroom, and 2-bedroom apartments on campus plus apartments and rooms in homes off campus. There is a referral service to help procure off-campus housing.

Claremont Graduate University, Peter F. Drucker and Masatoshi Ito Graduate School of Management Students

In a recent year, sixty-six percent of the current graduate business school class were enrolled full time; 90% have had an average of 5 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students were from California (50%). Thirty-six percent were women, 15% were minorities, and 40% were foreign nationals. The average age at entrance was 27; ages range from 21 to 44. Five percent enter directly from undergraduate school; 10% already have a graduate degree. Students’ undergraduate majors were as follows: 39%, business; 16%, engineering; 15%, social sciences; 10%, economics; and 10%, liberal arts. About 1% of entering students leave by the end of the first year due to academic or personal reasons; 99% remain to receive their degree.