The UCLA Anderson School of Management offers the Master of Business Administration (MBA) as well as a doctoral program in management, and a joint degree in law (MBA/JD), medicine (MBA/MD), computer science (MBA/MA), Latin American studies (MBA/MS), public health (MBA/MPH), and urban planning (MBA/MA). Other programs include entertainment management, entrepreneurial studies, international business and comparative management, and real estate; cooperative programs with the University of California’s Intercampus Exchange Program and Resource Sharing Program with the University of Southern California; internships with marketing and venture-capital firms, banks, and the entertainment industry; foreign exchange with 32 countries; and joint research. Work-study awards range from $1200 to $3800 per year, depending on need. A 1-week Washington campus summer program is offered after students complete their first year. The strongest areas of study are finance, marketing, operations, entrepreneurship, and international business. The most popular courses are Theory of Finance, Marketing Strategy, Financing the Emerging Enterprise, and Special Topics in Operations and Technology Management. Regular programs bring distinguished speakers and visiting professors to campus. The Distinguished Speakers Program presents prominent, top-level managers who describe their management philosophies and their careers. A variety of workshops and seminars involves key industry leaders and faculty.
Twenty-four total credits are required to complete the MBA, including 12 elective credits. Required courses include:
- Data Analysis, Statistics, and Decision Making
- Financial Accounting
- Managerial Economics
- Managing Human Resources in Organizations
- Managerial Finance
- Elements of Marketing
- Business Strategy
- Operations and Technology Management
- Applied Management Research Program
- Leadership Foundations
- Corporate Finance
- Marketing Assessment
Students may eliminate or substitute requirements.
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 18 months; maximum, 3 years. For students attending part time, the minimum is 2 years; maximum, 3 years.
In a recent year, there were 75 total full-time graduate business faculty, all of whom held a doctorate; there were 34 part-time faculty, of whom 35% held a doctorate. Faculty salaries are rated well above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 5; average business class size is 38.
A bachelor’s degree is required. A strong mathematics background is required.
The number of applicants in a recent year class was 3492; 718 were accepted; 333 enrolled. The average GPA was 3.6; average GMAT score was 700. Transfers are not accepted. Minority students are actively recruited by special advisers for minority applicants, MBA Information Day for Minority Applicants, the LEAD program for high school students, and the Riordan Programs.
Students may begin the MBA program in the fall only. To apply, students must submit an application form, 2 transcripts, GMAT scores, a nonrefundable application fee of $150, 2 letters of recommendation, and 4 personal essays. Check with the school for current application deadlines and fee. Students are notified between January and June of the admissions decision. The latest acceptable test date for fall entry is March. Once accepted, students may defer admission Students accepted directly out of undergraduate school may defer admission for up to 3 years.
About 70% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $26,200 annually; maximum $56,580. Stipends and programs available for minority students include entering minority student fellowships, which pay tuition and fees plus a stipend; second-year students receive a small stipend. The FAFSA and the school’s own financial statement and Financial Aid Transcript are required. Check with the school for current application deadlines.
On-campus room and board costs approximately $9300; books and supplies, $7310; personal expenses, $3910, for an estimated annual total of $42,060 for in-state residents and $54,420 for out-of-state residents. Graduate student housing is available in graduate residence halls (limited) and married-student housing. There is a referral service to help procure off-campus housing.
Forty-nine percent of the current graduate business school class are enrolled full time; 98% 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 are from California (52%). Five percent are minorities and 29% are foreign nationals. The average age at entrance is 27; ages range from 22 to 45. Two percent enter directly from undergraduate school; 13% already have a graduate degree. Students’ undergraduate majors were as follows: 26%, economics; 23%, business; 18%, engineering; 11%, math and science; 11%, social sciences; and 7%, liberal arts. About 3% of entering students leave by the end of the first year due to academic or personal reasons; 97% remain to receive their degree. In a recent year, 589 graduate business degrees were awarded.