Charles H. Kellstadt Graduate School of Business

DePaul University, Charles H. Kellstadt Graduate School of Business History

DePaul University, founded in 1898, is a private, coeducational institution affiliated with the Roman Catholic Church. The campus is located in an urban area in downtown Chicago. Total undergraduate and graduate enrollment is 23,330.

The Charles H. Kellstadt Graduate School of Business was founded in 1948 and is located in its own building, DePaul Center. Courses also are offered at the Naperville, O’Hare, and Rolling Meadows campuses, the Kingdom of Bahrain, the Czech Republic, and Taiwan. The basic educational approach is a mixture of case and theory.

DePaul University, Charles H. Kellstadt Graduate School of Business Academics

The Kellstadt Graduate School of Business offers the Master of Business Administration (MBA), Master of Accountancy (MAcc), Master of Science in Taxation (MST), Master of Science in Accountancy (MSA), Master of Science in Business Information Technology (MSBIT), Master of Science in Marketing Analysis (MSMA), Master of Science in Finance (MSF), Master of Science in Computational Finance (MSCF), Master of Science in E-Business (MSEB), Master of Science in Human Resources (MSHR), and Master of Science in Real Estate (MSRE) as well as joint degrees in law (MBA/JD) and management information systems (MBA/MIS). The strongest areas of study are accounting, finance, and marketing. Regular programs bring distinguished speakers and visiting professors to campus, including exchange programs with overseas universities.

Seventy-two total credits are required to complete the MBA. Required courses include:

• Applied Quantitative Analysis
• Financial Accounting
• Managing Effective and Ethical Organizational Behavior
• Operations Management
• Business Conditions Analysis
• Management Accounting
• Economics for Decision Makers
• Financial Management
• Human Resources
• Management of Information Technology
• Marketing Management
• Capstone

Students may eliminate or substitute requirements through prior 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 15 months; maximum, 6 years. For students attending part time, the minimum is 18 months; maximum, 6 years.

There are 137 total full-time graduate business faculty, of whom 87% hold a doctorate; there are 200 part-time faculty. Faculty salaries are rated average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 6; average business class size is 29.

DePaul University, Charles H. Kellstadt Graduate School of Business Unique Programs

Library

The university’s main library houses a collection of more than 536,900 volumes, 287,886 microform items, and 25,900 audio/video tapes/CDs, and subscribes to 8600 periodicals. The business library is particularly strong in on-line database subscriptions for research. Students have access to such databases and networks as Dialog, Dow Jones, and Bloomberg. Other opportunities for research consist of Real Estate Center, Entrepreneurship Center, Driehaus Center in Behavioral Finance, Driehaus Center for International Business, Institute for Business and Ethics, Ryan Center for Creativity and Innovation, and Center for Strategy, Execution, and Valuation.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of more than 400 PCs and approximately 200 terminals. There is wireless service in most classrooms and public spaces on campus.

Career and Job Placement

The major most in demand by companies recruiting in 2006 was finance. Average starting salary of the graduating class was $76,188; range was $50,000 to $124,000. The percentage of graduates finding jobs were:

• international 29%
• local small enterprises 25%
• national corporations 13%
• local large enterprises 4%
• self-employment 4%

Placement services are extensive. Placement services for alumni include all services available to students. Placement is available through a separate placement office for graduate business students.

International Students

International students must take the TOEFL. International students must score 550 on the Paper-Based TOEFL (PBT) or 80 on the Internet-Based (iBT) version. They also must submit a translation of their transcripts and proof of adequate funds to cover 1 year of study. Financial aid is available for these students and consists of scholarships. Check with the school for current application deadlines.

Calendar

The school operates on a quarter basis. Quarters are 10 weeks long; summer sessions, 5 weeks. Graduate programs are offered during the day and evening and weekends.

DePaul University, Charles H. Kellstadt Graduate School of Business Admissions

A bachelor’s degree is required, along with a GPA of 2.0. The formula for using the GPA and GMAT scores is (GPA x 200) + GMAT. 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 the 2006-2007 class was 750; 628 were accepted; 367 enrolled. The average GPA was 3.15. Transfers are accepted. Minority students are actively recruited by attending the Minority MBA Forum.

Students may begin the MBA program in the fall, winter, 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, and essays. The application deadlines are July 1 for fall entry; October 1, winter; February 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 July 1. Once accepted, students may defer admission for up to 1 year.

DePaul University, Charles H. Kellstadt Graduate School of Business Financial Aid

About 26% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total maximum of $18,500. The FAFSA is required. The application deadline is March 1 for fall entry.

Tuition for all students is $710 per credit. On-campus room and board costs approximately $11,000; personal expenses, $12,000; and other fees, $17,190, for an estimated annual total of $40,190. Graduate student housing includes 1-, 2-, or 4-bedroom units. There is a referral service to help procure off-campus housing.

DePaul University, Charles H. Kellstadt Graduate School of Business Students

Three 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 Illinois (82%). Thirty-eight percent are women, 15% are minorities, and 9% are foreign nationals. The average age at entrance is 28; ages range from 21 to 43. Nine percent enter directly from undergraduate school; 5% already have a graduate degree. Students’ undergraduate majors were as follows: 40%, business; 11%, engineering; 6%, liberal arts; 5%, economics; 3%, math and science; and 1%, social sciences. About 15% of entering students leave by the end of the first year due to academic or personal reasons; 80% remain to receive their degree. In 2006, 788 graduate business degrees were awarded.