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103 Lerner Hall
Newark, DE 19716
p. (302) 831-2221
f. (302) 831-3329

Alfred Lerner College of Business and Economics

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Academics

Lerner offers the Master of Business Administration (MBA), Master of Science in Accounting (MSAcc), Master of Arts in Economics (MAEc), Master of Science in Economics (MSEc), Master of Science in Information Systems and Technology Management (MS/ISTM), and Master of Science in Organizational Effectiveness, Development, and Change (MSOEDC) as well as a doctoral program in economics, and a joint degree in business administration and economics (MBA/MAEc), international business (MBA/MIB), information systems and technology management (MBA/MSISTM), and organizational effectiveness, development, and change (MBA/MSOEDC), business administration and biotechnology (PhD/MBA). Other programs include an interdisciplinary program in sports management, work-study though the Corporate Associate program, foreign exchange with ESC-Grenoble, and summer internships. The strongest areas of study are finance, information technology, accounting, and management. The most popular courses are in finance, information technology, and marketing. Regular programs bring distinguished speakers and visiting professors to campus. The Executive Leadership lecture series and the Center for Corporate Governance bring prominent speakers to campus who are nationally and internationally recognized in their fields.

Forty-eight total credits are required to complete the MBA, including 18 elective credits. Required courses include:

  • Financial Reporting and Analysis
  • Management Control Systems
  • Data Analysis
  • Social, Ethical, Legal, and Political Environment of the Firm
  • Financial Management
  • Design and Management of Operations
  • Organizational Behavior and Administration
  • Competitive Marketing Strategy
  • Corporate Strategy
  • Economics Analysis for Business Policy
  • 6 electives

Students may eliminate or substitute requirements based on undergraduate course work.

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 1 year; maximum, 5 years. For students attending part time, the minimum is 2 years; maximum, 5 years.

There are 102 total full-time graduate business faculty, all of whom hold a doctorate; there are 12 part-time faculty. Faculty salaries are rated above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 18.

Admissions

A bachelor’s degree is required, along with a GPA of 2.75 and a GMAT score of 550. Most important admissions factors are academic accomplishments and ability, work experience, and GMAT results. A strong mathematics background is required.

The number of applicants for a recent class was 351; 235 were accepted; 194 enrolled. The average GPA was 3.2; average GMAT score was 595. Transfers are accepted. Minority students are actively recruited by offering minority scholarships and summer internships and by offering paid visits for minority applicants.

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 $60, 2 letters of recommendation, a resume, and an admissions deposit (nonrefundable, if admitted). An interview is required. The application deadlines are May 1 for fall entry; November 1, spring; April 1, summer. Students are notified on a rolling basis of the admissions decision. The latest acceptable test date for fall entry is August 1. Once accepted, students may defer admission for up to 1 year.

Financial Aid

About 20% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $13,000 annually; maximum $26,000. Stipends and programs available for minority students include fellowships and tuition scholarships. The FAFSA is required. The application deadline is February 1 for fall entry.

Tuition for in-state residents is $476 per credit, or $8552 per year. Nonresidents pay $983 per credit, or $17,690 per year. On-campus room and board costs approximately $7800; books and supplies, $800; personal expenses, $1400; and other fees, $650, for an estimated annual total of $19,202 for in-state residents and $28,340 for out-of-state residents. Graduate student housing consists of graduate apartments and off-campus houses and apartments. There is a referral service to help procure off-campus housing.

Students

Thirty-eight percent of the current graduate business school class are enrolled full time; 97% 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 Delaware (75%). Thirty-six percent are women, 22% are minorities, and 2% are foreign nationals. The average age at entrance is 27; ages range from 22 to 58. Five percent enter directly from undergraduate school; 5% already have a graduate degree. Students’ undergraduate majors were as follows: 31%, engineering; 25%, liberal arts; 24%, business; 13%, math and science; 4%, economics; and 2%, social sciences. About 5% of entering students leave by the end of the first year due to academic or personal reasons; 95% remain to receive their degree. In 2006, 113 graduate business degrees were awarded.

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