The Kelley School of Business offers the Master of Business Administration (MBA), Master of Professional Accountancy (MPA), Master of Science in Information Systems (MSIS), Global Supply Chain Management (MS), Finance (MS), and Strategic Management (MS) as well as a doctoral program in business administration, and joint degrees in Russian and East European Languages and Cultures (MBA/MA), Law (MBA/JD), Telecommunications (MBA/MS), West European Studies (MBA/MA), and Latin American and Caribbean Studies (MBA/MA). Other programs include 3-2 degrees, cross-registration in area studies, and foreign exchange with 15 countries. The strongest areas of study are finance and marketing. The most popular courses are Finance, Marketing, and Decision Models. Regular programs bring distinguished speakers and visiting professors to campus. Faculty bring speakers into the classroom; student organizations hold speaker series.
Fifty-four total credits are required to complete the MBA, including 27 elective credits. Required courses include:
- MBA Foundations Core; Leadership, Professional and Career Development
- Strategic Cost Analysis and Control * Leadership Assesment Program l: Assessor Training and Development
- Academy Intensive Week #1
- Academy Intensive Week #2
- Academy Intensive Week #3
- Second year core exercise
- Information Systems requirement
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 2 years; maximum, 7 years.
There are 197 total full-time graduate business faculty, of whom 76% hold a doctorate; there are 14 part-time faculty. Faculty salaries are rated average for Category I institutions, based on the AAUP rating system. Average number of credit hours faculty teach is 12; average business class size is 26.
A bachelor’s degree is required. Most important admissions factors are academic accomplishments and ability, work experience, and GMAT results. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 1056; 422 were accepted; 203 enrolled. The average GPA was 3.3; average GMAT score was 645. Transfers are not accepted. Minority students are actively recruited by the Consortium for Graduate Study in Management, a consortium of business schools that, with the support of corporate sponsors, awards full-tuition fellowships to select African-American, Hispanic, and Native American students.
Students may begin the MBA program in the fall only. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $75, and 2 letters of recommendation. The application deadline is April 15 for fall entry. Students are notified of the admissions decision approximately 2 months after each deadline. The latest acceptable test date for fall entry is 2 weeks prior to the final deadline. Requests for a 1-year deferral will be considered on a case-by-case basis.
About 95% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $26,850 annually; maximum $51,172. Stipends and programs available for minority students include the Consortium for Graduate Study in Management. The FAFSA is required. The application deadline is March 1 for fall entry.
Tuition and fees for in-state residents total $15,634 per year; nonresidents pay $30,458. On-campus room and board costs approximately $7500; books and supplies, $4906; personal expenses, $4050, for an estimated annual total of $32,090 for in-state residents and $46,914 for out-of-state residents. Graduate student housing consists of university dormitories and apartments as well as off-campus housing. There is a referral service to help procure off-campus housing.
All of the current graduate business school class are enrolled full time; 96% have had an average of 61 months of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from the Midwest (37%). Twenty-five percent are women, 15% are minorities, and 38% are foreign nationals. The average age at entrance is 28; ages range from 21 to 42. Four percent enter directly from undergraduate school. Students’ undergraduate majors were as follows: 31%, business; 21%, engineering; 13%, social sciences; 12%, math and science; 11%, economics; and 7%, liberal arts. About 1% of entering students leave by the end of the first year due to academic or personal reasons; 99% remain to receive their degree. In 2006, 190 graduate business degrees were awarded.