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Graduate School of Management

Academics

The Graduate School of Management offers the Master of Business Administration (MBA), Master of Science in Management (MSM), Master in Science in Finance (MSF), and Master in Science in Information Security (MSIS) as well as a joint degree in nursing and business administration (MSN/MBA). Other programs include interdisciplinary programs. The strongest areas of study are finance, human resources management, and marketing. The most popular courses are Managerial Finance, Marketing Management, and Managerial Accounting.

Thirty-six to 54 total credits are required to complete the MBA, including 4 elective credits. Required courses include:

  • Financial Accounting
  • Business Economics
  • Quantitative Methods for Business
  • Current Topics in Information Technology
  • Contemporary Management Practice
  • Survey of Marketing
  • Financing the Business Enterprise
  • Managerial Accounting
  • Managerial Economics
  • Marketing Management
  • Legal and Social Foundations for Business
  • Managerial Finance
  • Managerial Communication
  • Strategic Management
  • Three concentration courses of student’s choosing
  • One additional elective

Required courses for the MSM include:

  • Fundamentals of Business Enterprise
  • Contemporary Management Practice
  • Marketing Management
  • Organizational Behavior and Development
  • Business-Government Relations
  • Employment Law
  • Current Topics in Information Technology
  • International Business
  • Human Resources Management
  • Three weekend seminars
  • Thesis

Required courses for the MSF include:

  • Managerial Finance
  • Managerial Accounting
  • Managerial Economics
  • International Finance
  • Futures and Options
  • Financial Management Strategies
  • Portolio Management and Investment Analysis
  • Fixed Income Analysis
  • Financial Statement Analysis
  • Two electives of student’s choosing

Students may eliminate or substitute requirements by waiver of foundation level courses, subject to individual review and the Program director’s approval.

The maximum time permitted to complete the master’s degree program attending full time or part time is 5 years.

There are 18 total full-time graduate business faculty, of whom 72% hold a doctorate; there are 22 part-time faculty, of whom 6% hold a doctorate. Faculty salaries are rated above average for Category llA institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 18.

Admissions

A bachelor’s degree is required, along with a GPA of 2.75. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT score, or minimum 1000. Most important admissions factors are GMAT results, academic accomplishments and ability, and career plans. A strong mathematics background is not required.

The number of applicants for the 2006-2007 class was 175; 150 were accepted; 320 enrolled. The average GPA was 3.4. 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, and a nonrefundable application fee of $40. Students are notified as early as possible of the admissions decision. Check with the school for the latest acceptable test date..

Financial Aid

The FAFSA is required. The application deadline is May 15 for fall entry.

Tuition for all students is $670 per credit. Graduate student housing is not available.

Students

Ninety-seven percent of the current graduate business school class have had an average of 10 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 (97%). Fifty-one percent are women, 7% are minorities, and 2% are foreign nationals. The average age at entrance is 36; ages range from 21 to 51. Eighteen percent enter directly from undergraduate school; 2% already have a graduate degree. Students’ undergraduate majors were as follows: 54%, business; 22%, engineering; 16%, liberal arts; and 8%, humanities. In 2006, 81 graduate business degrees were awarded.

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