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Gary, IN 46408
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School of Business and Economics

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Academics

The School of Business and Economics offers the Master of Business Administration (MBA). Other programs include assistantships and work-study. The strongest area of study is management. The most popular courses are Organizational Behavior, HR, Finance, Marketing, and Management Information Systems. Regular programs bring distinguished speakers and visiting professors to campus. There is an Executive-in-Residence program.

Forty-five total credits are required to complete the MBA, including 6 elective credits. Required courses include:

  • Statistical Tools for Management
  • Accounting for Decision Making
  • Economics for Managers
  • Organizational Behavior
  • Management Information Systems
  • Marketing Management
  • Financial Management
  • Operations Management
  • Legal, Ethical, and Social Environment of Business
  • Human Resource Management
  • Advanced Financial Analysis
  • Advanced Marketing Management
  • Management Strategy

Students may eliminate or substitute requirements by waiving course work completed elsewhere during undergraduate study.

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, 6 years. For students attending part time, the minimum is 3 years; maximum, 6 years.

In a recent year, there were 17 total full-time graduate business faculty, of whom 94% hold a doctorate; there were 2 part-time faculty, all of whom hold a doctorate. Faculty salaries are rated average for Category IIA institutions, based on the AAUP rating system. Average number of credit hours faculty teach is 9; average business class size is 27.

Admissions

A bachelor’s degree is required, along with a GPA of 2.0. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT, or minimum 950. Most important admissions factors are academic accomplishments and ability, GMAT results, and grades in upper-level courses. A strong mathematics background is required.

The number of applicants for a recent class was 100; 91 were accepted; 66 enrolled. The average GPA was 3.75; average GMAT score was 458. 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 $25, and 1 letter of recommendation. Students are notified on a rolling basis of the admissions decision. The latest acceptable test date for fall entry is August 1. Once accepted, students may defer admission for up to 1 year.

Financial Aid

The GAPSFAS or FAFSA, and the previous year’s tax return are required. Check with the school for current application deadlines.

Tuition for in-state residents is $207 per credit. Nonresidents pay $486 per credit. Graduate student housing is not available on campus.

Students

Ninety-nine percent of the current graduate business school class 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 (98%). Fifty-five percent are women and 32% are minorities. The average age at entrance is 34; ages range from 23 to 54. Six percent enter directly from undergraduate school; 1% already have a graduate degree. Students’ undergraduate majors were as follows: 35%, business; 23%, engineering; 13%, math and science; 12%, criminal justice, allied health, and education; 9%, social sciences; 4%, liberal arts; and 3%, economics.

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