The Kelley School of Business offers the Master of Business Administration (MBA) and Master of Professional Accountancy (MPA) as well as a joint degree in law (MBA/JD), medicine (MBA/MD), health administration (MBA/MHA), and science (MBA/MS). Other programs include the Kelley Direct Online MBA. The strongest areas of study are finance, marketing, and entrepreneurship. Regular programs bring distinguished speakers and visiting professors to campus. The Red Poling Chair in Business brings distinguished business and government leaders to speak with students.
Fifty-one total credits are required to complete the MBA, including 18 elective credits. Required courses include:
- Business Ethics and Leadership
- Developing Strategic Capabilities
- Law and Business
- Information Management
- Financial Management
- Operations Management
- Strategic Marketing Management
- International Competitive Analysis
- Macroeconomics and Public Policy
- Preparing a Business Plan
Students may eliminate or substitute requirements Transfer credits may be considered for elective work.
Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending part time is 27 months; maximum, 60 months.
In a recent year there were 36 total full-time graduate business faculty, all of whom held a doctorate. Faculty salaries are rated below average for Category IIA institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 45.
A bachelor’s degree is required. Most important admissions factors are GMAT results, work experience, and essays. A strong mathematics background is not required.
The number of applicants for a recent class was 200; 120 were accepted; 110 enrolled. The average GPA was 3.2; average GMAT score was 640. Transfers are not accepted. Minority students are actively recruited.
Students may begin the MBA program in the fall and spring. To apply, students must submit an application form, a transcript, GMAT scores, 2 letters of recommendation, 1 essay, and a resume. The latest acceptable test date for fall entry is March. Once accepted, students may defer admission for 1 year without reapplication. Check with the school for current application deadlines and fee.
About 25% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $13,667 annually; maximum $19,200. The FAFSA is required. Check with the school for current application deadlines.
Tuition for in-state residents is approximately $385 per credit, or $6530 per year. Nonresidents pay $785 per credit, or $13,330 per year. Books and supplies cost approximately $600; and other fees, $700, for an estimated annual total of $7830 for in-state residents and $14,630 for out-of-state residents. Graduate student housing is readily available off campus. There is a referral service to help procure off-campus housing.
All 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 (89%). Twenty-three percent are women, 14% are minorities, and 15% are foreign nationals. The average age at entrance is 29; ages range from 24 to 51. Fifteen percent already have a graduate degree. Students’ undergraduate majors were as follows: 25%, engineering; 22%, business; 21%, math and science; 13%, liberal arts; 6%, economics; and 2%, social sciences. About 4% of entering students leave by the end of the first year due to academic or personal reasons; 79% remain to receive their degree. In a recent year, 92 graduate business degrees were awarded.