School of Business and Economics

Indiana University-Northwest, School of Business and Economics History

Indiana University Northwest, founded in 1921, is a public, coeducational institution. The 33-acre campus is located in an urban area 40 miles southeast of Chicago, IL. Total undergraduate and graduate enrollment is approximately 5100.

The School of Business and Economics was founded in 1969 and is located on the main campus. The basic educational approach is to offer a part-time, fast-track evening program for students with full-time employment. The MBA program uses theoretical and case study approaches, with a focus on the total management concept of business.

Indiana University-Northwest, School of Business and Economics 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.

Indiana University-Northwest, School of Business and Economics Unique Programs

Library

Publications for the business school contained in the main library consist of more than 16,000 volumes, and subscribes to 150 periodicals. The business library is particularly strong in accounting and taxation. Students have access to databases and networks in the fields of business and allied subject areas. Other opportunities for research consist of membership in an interlibrary loan group.

Computers

Graduate business students need not have their own PCs. More than 120 PCs are located throughout the campus and are available from 8 a.m. to 10 p.m. Applications include Microsoft Suite and more.

Career and Job Placement

Placement services are limited, since most students are already employed full time. Placement services for alumni include the placement center’s reference library, job orders, counseling, seminars on resume writing, and interviewing. Placement is available through the university placement office.

International Students

International students must take the TOEFL or the college’s own test. They also must submit proof of adequate funds to cover the entire period of study. There is a $10,000 deposit fee and a $40 application fee.

Calendar

The school operates on a traditional semester basis. Semesters are 16 weeks long; summer sessions, 7 weeks. Graduate programs are offered during the evening only.

Indiana University-Northwest, School of Business and Economics 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.

Indiana University-Northwest, School of Business and Economics 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.

Indiana University-Northwest, School of Business and Economics 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.