The Terry College of Business offers the Master of Business Administration (MBA), Master of Accountancy (MAcc), Master of Marketing Research (MMR), Master of Arts in Economics (MAE), and Master of Internet Technology (MIT) as well as a doctoral program in finance, accounting, marketing, risk management and insurance, real estate, management (includes production, personnel/human resources management, and strategy), economics, and management information systems, and a joint degree in law (JD/MBA). Other programs include foreign exchange with Germany and internships. The most popular courses are finance, entrepreneurship, real estate, and marketing. Regular programs bring distinguished speakers and visiting professors to campus. The Institute for Leadership Advancement and the Office of International Business both bring successful business and thought leaders to campus every semester.
Fifty-seven total credits are required to complete the 2-year MBA program, including 27 elective credits. Required courses for the 2-year MBA program include:
- Business Ethics
- Strategic Management and Communication
- Principles of Accounting I and II
- Business Microeconomics and Business Economics
- Applied Business Statistics
- Developing Leadership Skills I and II
- Financial Management I and II
- Marketing Management I and II
- Management Information Systems
- Legal and Regulatory Environment of Business
- Integrated Resource Management
Required courses for the 1-year MBA Accelerated Program include:
- Business Ethics
- Business Statistics
- Marketing Management
- Survey of Accounting
- Financial Management
- Survey of Business Economics
- Integrated Resource Management I
- Management Information Systems Overview
- Leadership I and II
Students may eliminate or substitute requirements by requesting waiver of core courses based on prior academic background.
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 varies; maximum, varies.
There are 153 total full-time graduate business faculty, of whom 75% hold a doctorate; there are 21 part-time faculty, of whom 52% hold a doctorate. Faculty salaries are rated average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 40.
A bachelor’s degree is required, along with a GPA of 2.0 and GRE scores of 1000. Most important admissions factors are management potential, academic accomplishments and ability, and work experience. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 229; 73 were accepted; 41 enrolled. The average GPA was 3.34; average GMAT score was 651. Transfers are not accepted. Minority students are actively recruited by hosting a Diversity Recruitment Weekend every February, recruiting at historically black colleges and universities, and exhibiting at the annual National Black MBA Association conference.
Students may begin the MBA program in the fall and summer. To apply, students must submit an application form, 2 transcripts, GMAT scores, a nonrefundable application fee of $62, 2 letters of recommendation, essays, an employment history, and a record of honors and activities. The application deadlines are June 1 for fall entry; April 1, summer. Students are notified within 6 weeks of receipt of their application of the admissions decision. The latest acceptable test date for fall entry is June 1. Once accepted, students may defer admission. Request for deferral are reviewed and granted on a case-by-case basis.
About 95% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $20,233 annually; maximum $24,431. The FAFSA is required. Check with the Office of Student Financial Aid for current application deadlines.
Tuition for in-state residents is $300 per credit, or $7196 per year. Nonresidents pay $1054 per credit, or $25,292 per year. Books and supplies cost approximately $750; personal expenses, $2520; and other fees, $1060, for an estimated annual total of $11,526 for in-state residents and $29,622 for out-of-state residents. Graduate student housing consists of some on-campus housing and apartments, condos, and houses. There is a referral service to help procure off-campus housing.
Sixty-seven 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 the South (58%). Thirty-three percent are women, 33% are minorities, and 27% are foreign nationals. The average age at entrance is 27; ages range from 22 to 41. Two percent enter directly from undergraduate school; 2% already have a graduate degree. Students’ undergraduate majors were as follows: 32%, social sciences; 22%, business; 21%, engineering; 12%, liberal arts; 7%, economics; and 6%, math and science. 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. In 2006, 209 graduate business degrees were awarded.