The School of Business offers the Master in Business Administration (MBA) as well as a joint degree in Pharmacy (PharmD/MBA), Medical (MD/MBA), Law (JD/MBA), 5-year Accounting (BBA/MBA). Other programs include a 3-2 degree with the engineering school; cross-registration with George Mason, Georgetown, American, and George Washington universities and the University of Maryland; cooperative programs; and joint research conducted with faculty. The strongest areas of study are management, finance, supply chain management, and marketing. Regular programs bring distinguished speakers and visiting professors to campus and include 12 Citigroup Leadership Development Modules per year.
Fifty-four total credits are required to complete the MBA, including 15 elective credits. Required courses include:
- Financial Accounting
- Financial Management
- Organizational Management
- Marketing Management
- Management Communications
- Principles of Information Systems
- Managerial Accounting
- Microeconomics for Business
- Macroeconomics for Business
- Legal Environments of Business
- Production/Operations Management
- Strategic Management
Students may eliminate or substitute requirements by completing comparable course work elsewhere.
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 4 semesters; maximum, 5 years. For students attending part time, the minimum is 5 semesters; maximum, 7 years.
There are 62 total full-time graduate business faculty, of whom 92% hold a doctorate; there are 22 part-time faculty, of whom 45% hold a doctorate. Faculty salaries are rated below average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 17.
A bachelor’s degree is required, along with a GPA of 3.0 and a GMAT score of 480. Most important admissions factors are academic accomplishments and ability, GMAT results, and letters of recommendation. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 161; 95 were accepted; 74 enrolled. The average GPA was 3.11; average GMAT score was 517. Transfers are not accepted. Minority students are actively recruited by participation in the NBMBAA Conference, the NSHMBA Conference, the Blacks in Government Conference, the World MBA Tour as well as extensive mailings and by being a predominantly African American institution.
Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, 2 transcripts, GMAT scores, a nonrefundable application fee of $65, 2 letters of recommendation, and an autobiographical sketch. The application deadlines are May 15 for fall entry; November 15, spring; April 1, summer. Students are notified of the admissions decision about 6 weeks after all documents are received. The latest acceptable test date for fall entry is June. Once accepted, students may defer admission for up to 2 semesters.
About 85% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $23,355 annually; maximum $42,163. The FAFSA is required. Check with the school for current application deadlines.
Tuition for all students is $828 per credit, or $14,910 per year. On-campus room and board costs approximately $12,244; books and supplies, $1200; personal expenses, $2538; and other fees, $805, for an estimated annual total of $31,697. Graduate student housing is available in an on-campus, high-rise apartment-style building. There is a referral service to help procure off-campus housing.
Seventy-four percent of the current graduate business school class are enrolled full time; 85% have had an average of 3 years of full-time work experience prior to entering graduate school, a factor preferred by the school. Fifty-four percent are women, 73% are minorities, and 27% are foreign nationals. The average age at entrance is 27; ages range from 20 to 41. Fifteen percent enter directly from undergraduate school; 1% already have a graduate degree. Students’ undergraduate majors were as follows: 60%, business; 14%, social sciences; 13%, math and science; 8%, economics; and 5%, engineering. 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 2006, 50 graduate business degrees were awarded.