The SBMS offers the Master of Business Administration (MBA). The strongest areas of study are accounting, management, and marketing. The most popular courses are Business, Government and Society, Advanced Finance, and marketing electives.
Thirty-five total credits are required to complete the MBA, including 6 elective credits. Required courses include:
- Accounting and Control
- Strategic Financial Management
- Microeconomic Analysis and Decision Making
- Quantitative Business Analysis
- Strategic Marketing Management
- Strategic Management of Global Operations
- 2 electives
- Management of People in Organizations
- Communication, Team Building, Ethics, and Regulatory Environment
- Production and Operations Strategy and Management
- Business Strategy and Policy
Students may eliminate or substitute requirements by completing undergraduate courses of equivalent content for a maximum waiver of 3 hours.
Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending full time or part time is 4 years; maximum, 6 years.
In a recent year there are 7 total full-time graduate business faculty, all of whom held a doctorate; there was 1 part-time faculty member. Faculty salaries are rated well above average for Category IIA institutions, based on the AAUP rating system. Average number of credit hours faculty teach is 12; average business class size is 10.
A bachelor’s degree is required, along with a GPA of 3.0 and a GMAT score of 450. The formula for using the GPA and GMAT scores is (GPA x 200) + GMAT, or minimum 1050. Most important admissions factors are academic accomplishments and ability, GMAT results, and letters of recommendation. A strong mathematics background is required.
The number of applicants for a recent class was 53; 43 were accepted; 40 enrolled. The average GPA was 3.1; average GMAT score was 509. 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, and 2 letters of recommendation. Students are notified no later than mid-August for fall, mid-December for spring, of the admissions decision. Once accepted, students may defer admission for up to 12 months. Check with the school for current application deadlines and fee.
The FAFSA is required. Check with the school for current application deadlines.
Tuition for in-state residents is approximately $200 per credit, or $3595 per year. Nonresidents pay $450 per credit, or $8205 per year. Books and supplies cost approximately $700; personal expenses, $9250; and other fees, $345, for an estimated annual total of $13,890 for in-state residents and $18,500 for out-of-state residents. Graduate student housing consists of coed on-campus apartments. There is a referral service to help procure off-campus housing.
Nineteen percent of the current graduate business school class are enrolled full time; 92% 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 (85%). Twenty-nine percent are women, 16% are minorities, and 5% are foreign nationals. The average age at entrance is 27; ages range from 23 to 53. One percent enter directly from undergraduate school; 7% already have a graduate degree. Students’ undergraduate majors were as follows: 58%, non-business and 42%, business. About 15% of entering students leave by the end of the first year due to academic or personal reasons; 50% remain to receive their degree. In a recent year, 47 graduate business degrees were awarded.