Henry B. Tippie School of Management

University of Iowa, Henry B. Tippie School of Management History

University of Iowa, founded in 1847, is a public, coeducational institution. The 1900-acre campus is located in a small town within easy driving distance of Chicago, Minneapolis, St. Louis, and Kansas City. Total undergraduate and graduate enrollment is 29,979.

The Henry B. Tippie School of Management was founded in 1959 and is located on the main campus. Courses also are offered at Cedar Rapids (MBA/MESE and MBA-PM program) and Newton, Des Moines, and the Quad Cities (MBA-PM program). The basic educational approach is a combination of lecture, discussion, case method, and group presentation.

University of Iowa, Henry B. Tippie School of Management Academics

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.

University of Iowa, Henry B. Tippie School of Management Unique Programs

Library

The Marvin A. Pomerantz Business Library houses a collection of more than 35,438 volumes and 104 audio/video tapes/CDs, and subscribes to 30 periodicals. Students have access to such databases and networks as Lexis/Nexis, Bloomberg, STAT-USA, ABI/INFORM, EconLit, CCH Tax Law, CCH Human Resources Net, RDS Business, D&B Million Dollar Database, JSTOR, ISI Web of Science, Factiva, WRDS, Standard & Poor’s industry surveys, Business Source Premier, Mergent Online, CountryWatch, World News Connection, Mintel, Snapshots, Market Research Academic, CCH Accounting Research Network, Investment Plus, Business Monitor Online, Gartner IT Reports, netlibrary, and Books 24X7. Other opportunities for research consist of access to OCLC networks for interlibrary loans. Additional facilities for research are available through the Management Productivity Center and the Institute for Entrepreneurial Studies.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of 112 IBM Pentium computers in the lab; computer classrooms have 97 additional computers. Software packages include Microsoft Office XP, HTML authoring tools, statistical packages, programming suites, database design tools, and business simulation packages. The lab is available 7:30 a.m. to midnight, Monday through Thursday; 7:30 a.m. to 8 p.m. on Friday; noon to 5 p.m. on Saturday; noon to midnight on Sunday. The business school also has complete wireless Ethernet access.

Career and Job Placement

Majors most in demand by companies recruiting in 2006 were finance and marketing. Average starting salary of the graduating class was $72,884; range was $51,000 to $110,000. Placement services are extensive. Placement services for alumni include individual consultation, resume referral, alumni networking information, and web site access. Placement is available through MBA Career Services. Ninety-four percent of the most recent graduating class found jobs within three months of receiving their degree.

International Students

International students must take the TOEFL or the IELTS. They also must submit a translation of their transcripts, proof of health upon arrival, consisting of records of tuberculosis, measles, and rubella immunizations, and proof of adequate funds to cover the first year of study. There is an $85 application fee and an $80 international student fee. Financial aid is available for these students and consists of merit-based assistantships and scholarships, available on a limited basis. The application deadline for fall entry is April 15.

Calendar

The school operates on a traditional semester basis. Semesters are 16 weeks long; summer sessions, 8 weeks. Graduate programs are offered during the day and evening and weekends.

University of Iowa, Henry B. Tippie School of Management Admissions

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.

University of Iowa, Henry B. Tippie School of Management Financial Aid

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.

University of Iowa, Henry B. Tippie School of Management Students

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.