The Tippie School of Management offers the Master of Business Administration (MBA) and Master of Accountancy (MAc) as well as a doctoral program in business administration and economics., and a joint degree in law (MBA/JD), health care (MBA/MHA ), nursing (MBA/MA), library science (MBA/MA LibraryScience), medicine, (MBA/MD). Students may design their own joint-degree program. Other programs include work-study, foreign exchange with 4 countries, a strong summer internship program, and joint research opportunities. There is an intersession study program in London and Hong Kong. The strongest areas of study are finance, marketing, accounting, and entrepreneurship. The most popular courses are finance and marketing. Regular programs bring distinguished speakers and visiting professors to campus. Senior executives come in for guest lectures.
Sixty total credits are required to complete the MBA, including 30 elective credits. Required courses include:
- Marketing Management
- Managerial Economics
- Managerial Finance
- Operations Management
- Strategic Management and Business Policy
- Management in Organizations
- Corporate Financial Reporting
- Data and Decisions
- International Economic Environment of the Firm
- Seminar in Strategic Management
- MBA Competitive Prep
- Tippie Leadership Series
Students may eliminate or substitute requirements on a limited basis; waiver of courses (not hours) may be possible due to previous 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 2 years; maximum, 2 years. For students attending part time, the minimum is 2 years; maximum, 10 years.
There are 99 total full-time graduate business faculty, of whom 92% hold a doctorate; there are 10 part-time faculty, of whom 40% hold a doctorate. 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 27.
A bachelor’s degree is required. Most important admissions factors are GMAT results, work experience, and academic accomplishments and ability. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 235; 100 were accepted; 62 enrolled. The average GPA was 3.45; average GMAT score was 655. Transfers are accepted. Minority students are actively recruited by GMAC MBA forums and target mailings.
Students may begin the MBA program in the fall only. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $60, 3 letters of recommendation, essay responses, and a resume. An interview is required. The application deadline is July 15 for fall entry. Students are notified on a modified rolling basis of the admissions decision. The latest acceptable test date for fall entry is June. Once accepted, students may defer admission for 1 year upon request.
About 59% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $17,746 annually; maximum $36,061. Stipends and programs available for minority students include MBA Educational Opportunity Program grants. The school’s own financial statement, the previous year’s tax return, and the FAFSA (federal Stafford loans only) are required. The application deadline is April 15 for fall entry.
Tuition for in-state residents is $12,510 per year. Nonresidents pay $22,948 per year. On-campus room and board costs approximately $7490; books and supplies, $2200; personal expenses, $4910; and other fees, $716 to $743, for an estimated annual total of $27,826 for in-state residents and $38,291 for out-of-state residents. Graduate student housing includes university family housing and on-campus residence halls. Early application is encouraged. Off-campus rental housing is also available. There is a referral service to help procure off-campus housing.
Thirteen percent of the current graduate business school class are enrolled full time; 98% in the full-time program have had an average of 3 years of full-time work experience prior to entering graduate school, a factor preferred by the school. Thirty-two percent are women, 7% are minorities, and 15% are foreign nationals. Ages range from 21 to 53. Two percent enter directly from undergraduate school. Students’ undergraduate majors were as follows: 39%, business; 15%, engineering; 13%, economics; 13%, math and science; 10%, liberal arts; and 6%, social sciences. In 2006, 299 graduate business degrees were awarded.