Walter E. Heller College of Business Administration

Roosevelt University, Walter E. Heller College of Business Administration History

Roosevelt University, founded in 1945, is a private, coeducational institution. The campus is located in an urban area in downtown Chicago and Schaumburg. Total undergraduate and graduate enrollment is 7186.

The Walter E. Heller College of Business Administration was founded in 1946 and is located on the main campus. Courses also are offered at Schaumburg, IL (MBA, MSA, MSIS, MSHRM). The basic educational approach is to combine practical and applied studies to a theoretical base of knowledge. Instructors are academically qualified persons with pragmatic business experience.

Roosevelt University, Walter E. Heller College of Business Administration Academics

The College of Business offers the Master of Business Administration (MBA), Master of Science in Accounting (MSA), Master of Science in Information Systems (MSIS), Master of Science in International Business (MSIB), Master of Science in Human Resource Management (MSHRM), and Master of Science in Real Estate (MSRE). Other programs include a co-op program with Nottingham Trent University, Great Britain, work-study, and an internship in real estate. The strongest areas of study are accounting, international business, management, human resource management, and real estate. Regular programs bring distinguished speakers and visiting professors to campus.

Thirty-seven total credits are required to complete the MBA and 31 credits for all others. Required courses include:

• Accounting for Executives
• Economics for Decision Makers
• Finance for Decision Makers
• Information Resource Management
• Quantitative Analysis for Decision Makers
• The Functions of the Executive
• Strategic Management
• Marketing Strategies: Theory and Practice

Required courses for the MSIB include:

• Graduate Business Orientation
• Quantitative Analysis for Decision Makers
• International Accounting
• International Business: Environment Analysis
• International Financial Analysis
• International Marketing Analysis
• International Leadership and Management
• International Consulting
• Strategic Management
• One of the following:
• The Economics of Development and Underdevelopment
• International Trade, Multinational Corporations, and the Question
• International Finance and Balance of Payments

Required courses for the MSIS include:

• Graduate Business Orientation
• Data Base Management
• Accounting for Executives
• Information Resource Management
• Systems Analysis and Design
• Introduction to Information Systems
• Management of Information Systems
• Quantitative Analysis for Decision Makers

Required courses for the MSA include:

• Graduate Business Orientation
• Managerial Accounting
• Issues in Asset Valuation
• Issues in Income Determination
• Introduction to Information Systems
• Accounting Information Systems
• Accounting Theory and Policy

Required courses for the MSHRM include:

• Graduate Business Orientation
• Strategic Issues in Human Resources
• Employee Staffing and Selection
• Compensation Management
• Seminar in Human Resources Management
• Executive Leadership
• Organizational Theory

Required courses for the MSRE include:

• Graduate Business Orientation
• Accounting for Executives
• Finance for Decision Makers
• Quantitative Analysis
• Real Estate Process
• Real Estate Finance and Investment Six to 9 semester hours of graduate course work may be transferred in with consent of department.

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 1<1/2> years; maximum, 6 years. For students attending part time, the minimum is 2 years; maximum, 6 years.

There are 29 total full-time graduate business faculty, of whom 93% hold a doctorate; there are 40 part-time faculty, of whom 40% hold 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 6; average business class size is 24.

Roosevelt University, Walter E. Heller College of Business Administration Unique Programs

Library

Publications for the business school contained in the main library consist of more than 188,350 volumes, 10,580 microform items, and 1125 periodicals. The business library is particularly strong in management, finance and investments, human resource management, international business, and real estate. Students have access to such databases and networks as Mergent, Hoover’s Online, ABI INFORM, Business Source Elite, Lexis/Nexis, Value Line Investment Survey, Business and Management Practices, and Regional Business News. Roosevelt University Library includes two full service library facilities, one in Chicago and one in suburban Schaumburg. Roosevelt students have access and interlibrary loan privileges at 64 other academic libraries through the Consortium of Academic and Research Libraries in Illinois (CARLI). Students also have access and interlibrary privileges to materials located across the nation through OnLine Computer Library Center, Inc. (OCLC).

Computers

Graduate business students need not have their own PCs. Available computer facilities consist of 660 PCs in open access labs and classrooms. There is a wide variety of software. Hours vary. Wireless access to the Internet is available in most student common areas.

Career and Job Placement

Placement services are limited, since most students are already employed full time. Placement services for alumni include job/career counseling; job listings; job fairs; resume critiquing; Internet-based resume referral; and a job bank database. Placement is available through the university placement office.

International Students

International students must take the TOEFL or the college’s own test. International students must score 550 on the Paper-Based TOEFL (PBT) or 79 to 80 on the Internet-Based (iBT) version. They also must submit a translation of their transcripts and proof of adequate funds to cover at least the first year of study. There are special fees for an additional application and credit evaluation. Financial aid is available for these students and consists of some university scholarship awards. The application deadline for fall entry is June 1.

Calendar

The school operates on a traditional semester basis. Semesters are 16 weeks long; multiple summer sessions, 1 to 2 weeks. Graduate programs are offered during the day and evening and weekends.

Roosevelt University, Walter E. Heller College of Business Administration Admissions

A bachelor’s degree is required, along with a GPA of 2.8. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT, or minimum 950. Most important admissions factors are GMAT results, academic accomplishments and ability, and work experience. A strong mathematics background is not required.

The number of applicants for the 2006-2007 class was 494; 331 were accepted; 206 enrolled. The average GPA was 3.21. Transfers are accepted. Minority students are actively recruited through minority graduate fairs.

Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, a transcript, a nonrefundable application fee of $25, a resume, and a goal statement. The application deadlines are open. Students are notified within 2 to 4 weeks after receipt of application of the admissions decision. The latest acceptable test date for fall entry is August. Once accepted, students may defer admission The deferral should be used at student’s discretion.

Roosevelt University, Walter E. Heller College of Business Administration Financial Aid

About 70% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $5635 annually; maximum $18,500. Stipends and programs are available for minority students on a limited basis. The FAFSA, the school’s own financial statement, and financial aid transcripts from prior schools are required. Check with the school for current deadlines.

Tuition for all students is $688 per credit. On-campus room and board costs approximately $10,400 Graduate student housing is available on campus and off campus.

Roosevelt University, Walter E. Heller College of Business Administration Students

Fourteen percent of the current graduate business school class are enrolled full time; 90% 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 (92%). Fifty-eight percent are women, 32% are minorities, and 9% are foreign nationals. The average age at entrance is 28; ages range from 22 to 68. Five percent already have a graduate degree. Students’ undergraduate majors were as follows: 40%, business; 15%, liberal arts; 15%, math and science; 15%, social sciences; 10%, engineering; and 5%, economics. About 10% of entering students leave by the end of the first year due to academic or personal reasons; 70% remain to receive their degree. In a recent year, 337 graduate business degrees were awarded.