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College of Business Administration/Graduate Programs

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The College of Business Administration offers the Master of Business Administration (MBA) and Master of Professional Accounting (MPAcc) as well as a joint degree in pharmacy (PharmD/MBA). The strongest areas of study are leadership and international business. The most popular courses are Leadership and Finance concentration courses. Regular programs bring distinguished speakers and visiting professors to campus. Speakers have included Steve Forbes; Anne Mulcahy, CEO of Xerox; and Sidney Taurel, CEO of Eli Lilly and Company.

Thirty-three total credits are required to complete the MBA, including 8 elective credits. Required courses include:

  • Leadership
  • Managerial Accounting
  • Managerial Economics
  • Legal and Ethical Operation of Business
  • Managerial Finance
  • Operations Management and Systems
  • Marketing Management
  • Integrated Capstone

Required courses for the MPAcc include:

  • Leadership
  • Financial Reporting
  • Other Financial Valuation and Reporting
  • Legal and Ethical Operation of Business
  • Applied Financial Accounting
  • Advanced Auditing/Taxation
  • accounting electives (2)

Students may eliminate or substitute requirements by having completed similar course work in undergraduate study with a grade of B or higher or by passing waiver exams.

Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending full or part time is 2 years; maximum, 7 years.

There are 17 total full-time graduate business faculty, of whom 94% hold a doctorate; there are 7 part-time faculty, of whom 57% hold a doctorate. Faculty salaries are rated average for Category IIA institutions, based on the AAUP rating system. Average number of courses faculty teach is 5; average business class size is 25.


A bachelor’s degree is required, along with a GPA of 2.5. Most important admissions factors are GMAT results, work experience, and letters of recommendation. A strong mathematics background is required.

The number of applicants for the fall 2006 class was 142; 58 were accepted; 51 enrolled. The average GPA was 3.22; average GMAT score was 542. 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, a nonrefundable application fee of $35, and 2 letters of recommendation. The application deadlines are July 15 for fall entry; November 15, spring; April 15, summer. Students are notified on a rolling basis of the admissions decision. Once accepted, students may defer admission.

Financial Aid

The FAFSA is required. Check with the school for current application deadlines.

Tuition for all students is $500 per credit. On-campus room and board costs approximately $6750; books and supplies, $750. Graduate student housing consists of a dorm for full-time students.


Five percent of the current graduate business school class are enrolled full time; 95% have had an average of 6 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from Indiana (90%). Thirty-eight percent are women, 7% are minorities, and 6% are foreign nationals. The average age at entrance is 28; ages range from 22 to 49. Six percent enter directly from undergraduate school; 8% already have a graduate degree. Students’ undergraduate majors were as follows: 39%, business; 31%, liberal arts; 12%, math and science; 10%, engineering; 5%, social sciences; and 2%, economics. About 24% of entering students leave by the end of the first year due to academic or personal reasons; 76% remain to receive their degree. In 2006, 78 graduate business degrees were awarded.

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