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Home » Florida Institute of Technology

150 West University Blvd.
Melbourne, FL 32901-6975
p. (800) 944-4348
f. (321) 723-9468

College of Business

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Academics

The College of Business offers the Master of Business Administration (MBA). Other programs include work-study and internship programs. The strongest area of study and the most popular course is business administration. Regular programs bring distinguished speakers and visiting professors to campus. The Distinguished Lecture Series, presented twice a year, is designed to enhance communication between successful executives and students interested in the management practices of public and private enterprises.

Thirty-six total credits are required to complete the MBA, including 9 elective credits. Required courses include:

  • Managerial Accounting
  • Organizational Behavior
  • Statistical Methods for Business
  • Managerial Economics
  • Financial Management
  • Management Information Systems
  • Production and Operations Management
  • Marketing Management
  • Strategic Management

Business students may take relevant nonbusiness courses in other departments. The maximum time permitted to complete the master’s degree program attending full or part time is 7 years.

There are 17 total full-time graduate business faculty, all of whom hold a doctorate; there are 12 part-time faculty, of whom 42% hold a doctorate. Faculty salaries are rated well below average for Category I institutions, based on the AAUP rating system. Average number of credit hours faculty teach is 15; average business class size is 12.

Admissions

A bachelor’s degree is required, along with a GPA of 3.0 and a GMAT score of 425. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT, or minimum 950. Most important admissions factors are difficulty of undergraduate major, academic accomplishments and ability, and GMAT results. A strong mathematics background is required.

The number of applicants for the 2006-2007 class was 58; 37 were accepted; 15 enrolled. The average GPA was 3.0. Transfers are accepted.

Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, a transcript, GMAT scores, and a nonrefundable application fee of $50. The application deadline is open for fall entry. Students are notified on a rolling basis of the admissions decision. The latest acceptable test date for fall entry is June. Once accepted, students may defer admission for up to 2 years from date of acceptance.

Financial Aid

In a recent year, about 29% of graduate business school students received financial aid from scholarships, loans, and graduate assistantships, for a total average of $11,617 annually; maximum $18,500. The FAFSA is required. The application deadlines are July 1 for fall entry; December 1, spring; April 1, summer.

Tuition for all students is $900 per credit. On-campus room and board costs approximately $7400; books and supplies, $2200; personal expenses, $4000; and other fees, $50. Graduate student housing is available on a very limited basis.

Students

Twenty-three percent of the current graduate business school class are enrolled full time. The greatest percentage of students are from Florida (72%). Thirty-four percent are women, 8% are minorities, and 12% are foreign nationals. The average age at entrance is 30; ages range from 21 to 53. Ten percent enter directly from undergraduate school. About 5% of entering students leave by the end of the first year due to academic or personal reasons; 90% remain to receive their degree. In 2006, 16 graduate business degrees were awarded.

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