The College of Business offers the Master of Business Administration (MBA). The strongest areas of study are general business and finance. The most popular courses are Finance and Accounting. Regular programs bring distinguished speakers and visiting professors to campus. The Executive-in-Residence program brings in regional executives for short periods of interaction.
Thirty total credits are required to complete the MBA, including 9 elective credits. Required courses include:
- Managerial Accounting
- Information Systems
- Problems in Managerial Finance
- Business Policy
- Administrative Analysis in Organizations
- Marketing Problems
- Business Statistical Methods
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 3 semesters; maximum, 7 years. For students attending part time, the minimum is 6 semesters; maximum, 7 years.
There are 17 total full-time graduate business 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 courses faculty teach is 4; average business class size is 24.
A bachelor’s degree is required, along with a GPA of 2.5 and a GMAT score of 410. The formula for using the GPA and GMAT scores is (GPA x 200) + GMAT, or minimum 950. Most important admissions factors are academic accomplishments and ability, GMAT results, and management potential. A strong mathematics background is not required.
Transfers are accepted. Minority students are actively recruited by direct mail, school visitations, and minority fellowships and assistantships for in-state students.
Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, 2 transcripts, GMAT scores, a nonrefundable application fee of $35, and 3 letters of recommendation. The application deadlines are July 9 for fall entry; November 20, spring; April 5, summer. Students are notified as early as possible of the admissions decision. Once accepted, students may defer admission for up to 2 semesters.
Stipends and programs available for minority students include fellowships or assistantships for eligible in-state African-American students. The school’s own financial statement and the previous year’s tax return are required. Check with the school for current application deadlines.
Tuition for in-state residents is $5610 per year. Nonresidents pay $15,910 per year. On-campus room and board costs approximately $4300. Graduate student housing includes 2 residence halls for students over 21 years old and efficiency apartments for single and married students.
Twenty-six percent of a recent graduate business school class were enrolled full time; 85% had an average of 8 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students were from Kentucky (65%). Thirty-nine percent were women, 7% were minorities, and 15% were foreign nationals. The average age at entrance was 30; ages ranged from 24 to 55. Ten percent entered directly from undergraduate school; 1% already have a graduate degree. Students’ undergraduate majors were as follows: 65%, business; 15%, engineering; 10%, liberal arts; and 10%, social sciences. About 10% of entering students leave by the end of the first year due to academic or personal reasons; 90% remain to receive their degree. In a recent year, 36 graduate business degrees were awarded.