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River Forest, IL 60305
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Graduate School of Business

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The School of Business offers the Master of Business Administration (MBA), Master of Science in Accounting (MSA), Master of Science in Management Information Systems (MS/MIS), Master of Science in Organization Management (MSOM), and Master of Science in Computer Information Systems (MS/CIS) as well as a joint degree in law (JD/MBA) with the John Marshall Law School and a joint MBA/MLIS with Dominican University Graduate School of Library and Information Science. Other programs include a cooperative program with the John Marshall Law School and internship programs funded by the Kaufman Foundation and the State of Illinois. Practicum opportunities are also available. The strongest areas of study are marketing, finance, entrepreneurship, health care administration, management information systems, and accounting. The most popular courses are Finance, Accounting, Strategic Management, and MIS. Regular programs bring distinguished speakers and visiting professors to campus. Executive MBA Programs in Europe and the professors from the European Universities visit and lecture.

Eighteen total credits are required to complete the MBA, including 5 elective credits. Required courses include:

  • Economics of the Firm
  • Management Information Systems
  • Strategic Management
  • Social Responsibility of Business
  • Financial Decision Making
  • Organizational Analysis and Design

Required courses for the MSA include:

  • Cost Accounting
  • Taxation I and II
  • Advanced Financial Accounting I and II
  • Auditing
  • Advanced Accounting

Required courses for the MS/MIS include:

  • Management Computer Programming II
  • Database Management Systems
  • Systems Analysis and Design
  • Computer Networks
  • IT Management
  • Financial Management
  • Marketing Management
  • Managerial Communications
  • MIS Capstone Project

Required courses for the MS/CIS include:

  • Systems Analysis and Design
  • Computer Networks
  • Object-Oriented Programming and Data Structures
  • Operating Systems and Computer Organization
  • Database Management Systems
  • Field-Based Practicum or
  • Project Practicum I and
  • Project Practicum II

Required courses for the MSOM include:

  • Organizational Analysis and Design
  • Human Resource Management
  • Managerial Communications
  • Negotiation and Bargaining
  • Managing Diversity in a Global Environment
  • Strategy and Organizational Change

Students may eliminate or substitute requirements by having foundation business courses waived, depending on previous academic work and the grade received.

Business students may take relevant nonbusiness courses in other departments.

In a recent year there were 18 total full-time graduate business faculty, of whom 83% held a doctorate; there are 24 part-time faculty, of whom 40% held a doctorate. Faculty salaries are rated above average for Category IIA institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 15.


A bachelor’s degree is required, along with a GPA of 2.5. Most important admissions factors are academic accomplishments and ability, management potential, and letters of recommendation. A strong mathematics background is not required.

The average GMAT score was 450 in a recent year. Transfers are accepted. Minority students are actively recruited.

Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, a transcript, GMAT scores, (the GRE is accepted for the MS/CIS only), 2 letters of recommendation, and a personal statement. Students are notified 1 week after the application file is complete of the admissions decision. Once accepted, students may defer admission. Check with the school for current application deadlines and fee.

Financial Aid

About 38% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships. Stipends and programs available for minority students include through NAFSA and scholarships for Hispanic students. The FAFSA is required. Check with the school for current application deadlines.

Tuition for all students is approximately $615 per credit, or $11,070 per year. On-campus room and board costs approximately $6000; personal expenses, $2000; and other fees, $10, for an estimated annual total of $19,080. Graduate student housing is available but limited. There is a referral service to help procure off-campus housing.


Thirty-nine percent of the current graduate business school class are enrolled full time; 95% have had an average of 8 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 (76%). Forty-nine percent are women, 12% are minorities, and 20% are foreign nationals. The average age at entrance is 29; ages range from 21 to 60. Five percent enter directly from undergraduate school; 10% already have a graduate degree. Students’ undergraduate majors were as follows: 48%, business; 34%, liberal arts; 12%, engineering; and 6%, economics. 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 a recent year, 107 graduate business degrees were awarded.

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