Mendoza College of Business

University of Notre Dame, Mendoza College of Business History

University of Notre Dame, founded in 1842, is a private, coeducational institution affiliated with the Roman Catholic Church. The 1250-acre campus is located in a suburban area 90 miles east of Chicago, in South Bend, Indiana. Total undergraduate and graduate enrollment is 11,400. Enrollment figures in the above capsule are approximate.

The Mendoza College of Business was founded in 1967 and is located on the main campus, in its own building. Courses also are offered at Santiago, Chile (MBA). The basic educational approach is a blend of the theoretical, the case method approach, and experiential learning. Emphasis is placed on the development of analytical skills, implementation skills (teamwork, communication, and leadership), ethics, and an international perspective.

University of Notre Dame, Mendoza College of Business Academics

The Mendoza College of Business offers the Master of Business Administration (MBA), Executive Master of Business Administration (EMBA), Master of Science in Accountancy (MSACCT), and Master of Nonprofit Administration (MNA) as well as a joint degree in law MBA/JD and an MBA/Engineering and MBA/Science (for Notre Dame undergraduates only). Other programs include international programs in Chile, South Africa, Amsterdam, Japan, Brussels, and China. The strongest areas of study are corporate finance, marketing, general management, and consulting. The most popular courses are Security Analysis, Applied Investment Management, Financial Policy, Multinational Financial Management, Negotiations, Entrepreneurship, Mergers and Acquisitions, Strategic Cost Analysis, Business Forecasting, and Organizational Consulting. Regular programs bring distinguished speakers and visiting professors to campus. A variety of lecture series is offered, including the MBA Association Executive Speaker Series (for senior executives), the Eugene B. Clark Executive Lecture Series (for Fortune 100 CEOs), the O’Brien-Smith Visiting Scholars program, the Women Leading Lecture Series, and Ten Years Hence Lecture Series.

Sixty-three total credits are required to complete the MBA (2-year program), including 28 elective credits. Required courses for the MBA (2-year program) include:

• Statistics
• Accounting
• Microeconomic Analysis
• Organizational Behavior
• Marketing Management
• Macroeconomic Environment
• Financial Management
• Operations Management
• Conceptual Foundations in Business Ethics
• International Business (elective)
• Corporate Strategy and Planning
• Microsoft Excel Workshop
• Management Communication

Required courses for the MBA (1-year program) include:

• Macroeconomic Environment
• Management Communication
• Microeconomic Analysis
• Statistics
• Conceptual Foundations in Business Ethics
• International Business (elective)
• Corporate Strategy and Planning
• Microsoft Excel Workshop

Required courses for the MS Administration include:

• Statistics
• Accounting
• Microeconomic Analysis
• Marketing Management
• Financial Management
• Management Communication
• Business Ethics
• Strategy and Planning
• Law
• Board Management
• Fund Development
• Field Project

Required courses for the MS Accountancy include:

• Negotiations
• Taxes and Business Strategy
• Financial Management

Students in the MBA and MSACCT programs may waive course(s) but not 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 is 11 months; maximum, 5 years.

In a recent year, there were 113 total full-time graduate business faculty, of whom 92% held a doctorate; there were 18 part-time faculty, of whom 61% held a doctorate. Faculty salaries are rated well above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 3; average business class size is 29.

University of Notre Dame, Mendoza College of Business Unique Programs

Library

The Thomas Mahaffey Jr. Business Information Center (BIC) houses a collection of more than 173,160 volumes, 302,736 microform items, 320 special business collections, and 970 audio/video tapes/CDs, and subscribes to 729 periodicals. The business library is particularly strong in business ethics. Students have access to such databases and networks as ABI/INFORM Global, Lexis/Nexis, STAT-USA, Bloomberg, Factiva, Business Source Premier, Economist Intelligence Unit, Datastream, and Market Insight. An additional 10 research databases are provided by Mendoza College. Other opportunities for research consist of Northeast Research Libraries Consortium (NERL), Academic Libraries of Indiana (ALI), and Wharton Research Data Services (WRDS). University libraries are members of the Center for Research Libraries.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of a computer laboratory in the Mendoza College of Business building for students’ use. The lab is equipped with 62 IBM PCs that are part of a network that provides access to university resources and the Internet. Students also use team rooms 24 hours a day where there are 6 IBM PCs. An additional 29 computers are located in the Business Information Center, which accesses all university networked resources as well as library resources.

Career and Job Placement

In a recent spring, 22 companies recruited on campus. Majors most in demand were finance, marketing, general management, consulting, and accounting. Average starting salary of a recent graduating class was $80,000; range was $28,260 to $125,000. The percentage of graduates finding jobs were:

• national corporations 79%
• regional corporations 13%
• nonprofit 3%
• local small enterprises 2%
• self-employment 2%
• government 1%

Placement services are extensive. Placement services for alumni include career counseling, resume and cover letter reviews, an on-line resume book, a job listing service, and marketing candidacy to companies. Placement is available through Doermer Family MBA Career Development Center and the university placement office. Eighty-four percent of a recent graduating class found jobs within three months of receiving their degree.

International Students

International students must take the TOEFL. They also must submit a translation of their transcripts, proof of health consisting of proof of immunizations, and proof of adequate funds to cover the entire length of study. There are special fees of $100 for a mandatory language and culture workshop. Financial aid is available for these students and consists of fellowships.

Calendar

The school operates on a traditional semester basis. Semesters are 16 weeks long; summer sessions, 10 weeks. Graduate programs are offered during the day only.

University of Notre Dame, Mendoza College of Business Admissions

A bachelor’s degree is required, along with a GMAT score of 560. Most important admissions factors are academic accomplishments and ability, GMAT results, and work experience. A strong mathematics background is required.

The number of applicants for the a recent class was 1095; 592 were accepted; 318 enrolled. The average GPA was 3.34; average GMAT score was 657. Transfers are not accepted. Minority students are actively recruited by Minority Preview Weekend, sponsored by Notre Dame, the Ford Motor Company, and Whirlpool Corporation.

Students may begin the MBA program in the fall and summer. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $100, 2 letters of recommendation, and 3 essays (1 personal statement for the MSACCT and MSA programs). The final application deadline is March 15. Students are notified on a rolling basis of the admissions decision. Once accepted, students may defer admission by written request to the director of the program to which the student is seeking admission; requests are granted in only a few cases.

University of Notre Dame, Mendoza College of Business Financial Aid

In a recent year, about 83% of graduate business school students received financial aid from scholarships, loans, and graduate assistantships, for a total average of $34,420 annually; maximum $60,500. Stipends and programs available for minority students include Ford Minority Fellowships and Whirlpool Minority Fellowships. The FAFSA is required.The priority application deadline is February 15.

Tuition for all students is $35,905 per year. On-campus room and board costs approximately $7700; books and supplies, $1300; personal expenses, $5100; and other fees, $830, for an estimated annual total of $50,835. Graduate student housing consist of 2 complexes of graduate student townhouses on campus and an adequate supply of apartment complexes in the vicinity. There is a referral service to help procure off-campus housing.

University of Notre Dame, Mendoza College of Business Students

All of a recent graduate business school class were enrolled full time; 96% had an average of 4 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students were from the West (24%). Twenty-one percent were women, 15 were minorities, and 25% were foreign nationals. The average age at entrance was 26; ages ranged from 19 to 41. Five percent entered directly from undergraduate school; 8% already had a graduate degree. Students’ undergraduate majors were as follows: 48%, business; 16%, engineering; 12%, economics; 9%, liberal arts; and 9%, math and science. 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 a recent year, 192 graduate business degrees were awarded.