The College of Business offers the Master of Business Administration (MBA). Regular programs bring distinguished speakers and visiting professors to campus. The semiannual Executive-in-Residence program provides public speeches and meetings with students in small groups.
Thirty total credits are required to complete the MBA. Required courses include:
- Leadership Skills Development
- Accounting for Decision Making and Control
- Legal and Social Environment of Business
- Information Systems and Technology
- Quantitative Methods for Decision Support
- Business Economics and Forecasting
- Financial Management and Markets
- Marketing Strategies
- Organizational Behavior and Human Resources Management
- Strategic and International Management
Students may eliminate or substitute requirements for prerequisites.
The maximum time permitted to complete the master’s degree program attending part time is 7 years.
There are 18 total full-time graduate business faculty, all of whom hold a doctorate. Faculty salaries are rated well below average for Category IIA institutions, based on the AAUP rating system. Average number of courses faculty teach is 6; average business class size is 21.
A bachelor’s degree is required, along with a GPA of 2.5 and a GMAT score of 500. Most important admissions factors are GMAT results, academic accomplishments and ability, and work experience. A strong mathematics background is required.
The number of applicants for the 2006-2007 class was 56; 22 were accepted; 16 enrolled. 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, GMAT scores, a nonrefundable application fee of $25, and evidence of work experience. The latest acceptable test date for fall entry is 1 month prior to the start of the semester.
About 24% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $10,145 annually; maximum $17,902. The FAFSA and the school’s own financial statement are required. The application deadline is March 1 for fall entry.
Tuition for in-state residents is $216 per credit, or $3888 per year. Nonresidents pay $426 per credit, or $7668 per year. On-campus room and board costs approximately $5972; books and supplies, $900; personal expenses, $1822; and other fees, $220, for an estimated annual total of $12,802 for in-state residents and $16,582 for out-of-state residents. Graduate student housing is in apartment units.
Four percent of the current graduate business school class are enrolled full time. The greatest percentage of students are from the Midwest (99%). Thirty-eight percent are women, 4% are minorities, and 42% are foreign nationals. The average age at entrance is 30; ages range from 22 to 59. About 44% of entering students leave by the end of the first year due to academic or personal reasons. In 2006, 34 graduate business degrees were awarded.