The College offers the Master of Science in Accounting (MSAcc) and Master of Business Administration (MBA). Other programs include foreign exchange with 2 German universities. The strongest areas of study are management, supply chain management, and finance. The most popular courses are Organizational Development and Supply Chain Management. Regular programs bring distinguished speakers and visiting professors to campus. During Business Week, distinguished speakers and alumni visit and speak to the students.
Thirty-three total credits are required to complete the MBA, including 9 elective credits. Required courses include:
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 year; maximum, 6 years. For students attending part time, the minimum is 2<1/2> years; maximum, 6 years.
In a recent year, there were 40 total full-time graduate business faculty, all of whom 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 1; average business class size is 20.
A bachelor’s degree is required, along with a GPA of 2.7 and a GMAT score of 450. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT, or minimum 1100. Most important admissions factors are academic accomplishments and ability, GMAT results, and grades in upper-level courses. A strong mathematics background is not required.
Transfers are accepted. Minority students are actively recruited through advertisements in minority publications and a scholarship program, the President’s Minority Graduate Access Program.
Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, 2 transcripts, GMAT scores, a nonrefundable application fee of $30, and 3 letters of recommendation. Check with the school for current application deadlines. Students are notified as soon as the application is processed of the admissions decision. Once accepted, students may defer admission for up to 1 year.
Stipends and programs are available for minority students by means of 3 programs offered through Western Illinois University and the state. Check with the school for current application deadlines.
Tuition for in-state residents is $217 per credit. Nonresidents pay $433 per credit. On-campus room and board costs approximately $6000; books and supplies, $1200; personal expenses, $1500; and other fees, $1188. Graduate student housing consists of apartments, rooms, and houses. There is also on-campus housing for married students. There is a referral service to help procure off-campus housing.
Seventy percent of a recent current graduate business school class are enrolled full time; 68% had an average of 18 months of full-time work experience prior to entering graduate school. The greatest percentage of students were from foreign countries (13%). Forty-four percent were women, 3% were minorities, and 13% were foreign nationals. The average age at entrance was 25; ages ranged from 21 to 52. Seventy-five percent entered directly from undergraduate school; 3% already had a graduate degree. Students’ undergraduate majors were as follows: 53%, business; 15%, math and science; 10%, engineering; 10%, social sciences; 7%, liberal arts; and 5%, economics. About 5% of entering students leave by the end of the first year due to academic or personal reasons; 95% remain to receive their degree. In a recent year, 73 graduate business degrees were awarded.