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Business and Economics Building
Lexington, KY 40506-0034
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Carol Martin Gatton College of Business and Public Administration

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Academics

The Gatton College of Business and Public Administration offers the Master of Business Administration (MBA), Master of Science in Accounting (MSAcc), and Master of Science in Economics (MS) as well as a doctoral program business administration and economics, and joint degrees in law (MBA/JD), engineering (MBA/BEng), pharmacy (MBA/DPharm), and medicine (MBA/MD). Other programs include foreign exchange with 6 European and Asian countries, and internships with various banks, small businesses, and local and national corporations. The strongest areas of study are accounting, economics, finance and banking, and management information systems. The most popular courses are Accounting, Finance, Organizational Behavior, Marketing, and International Business. Regular programs bring distinguished speakers and visiting professors to campus, including the Humana Visiting Scholar Program, Fulbright Scholars, and Chellgren Lecture Series.

Forty-four total credits are required to complete the MBA – Evening Program, including 5 elective credits. Required courses for the MBA – Evening Program include:

  • Financial and Managerial Accounting
  • Managerial Economics
  • Organizational Behavior
  • Management Information Systems in Decision Making
  • Quantitative Analysis for Decisions
  • Global Business Management
  • Marketing Management
  • Corporate Financial Policy
  • Production Management
  • Business Policy and Strategy

Required courses for the One Year MBA Program include:

  • Rapid Immersion Module
  • Business Fundamentals
  • New Product Development
  • Supply Chain Management
  • Mergers and Acquisitions
  • Advanced Learning Bundles
  • Showcase Week

The minimum time permitted to complete the master’s degree program attending full time is 11 months; maximum, 6 years. For students attending part time, the minimum is 2 years; maximum, 6 years.

There are 80 total full-time graduate business faculty, of whom 95% hold a doctorate. Faculty salaries are rated average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 28.

Admissions

A bachelor’s degree is required, along with a GPA of 2.75, a GMAT score of 500, and GRE scores of 1500. Most important admissions factors are difficulty of undergraduate major, academic accomplishments and ability, and GMAT results. A strong mathematics background is required.

The number of applicants for the 2006-2007 class was 192; 130 were accepted; 94 enrolled. The average GPA was 3.39; average GMAT score was 598. Transfers are accepted. Minority students are actively recruited by GMAC forums, graduate school minority fellowship programs, and the College Minority Fellowship Program.

Students may begin the MBA program in the fall only. To apply, students must submit an application form, 2 transcripts, GMAT scores, a nonrefundable application fee of $40, and 3 letters of recommendation. The application deadline is June 1 for fall entry. Students are notified of the admissions decision as soon as possible after receipt of all documents. The latest acceptable test date for fall entry is May.

Financial Aid

Stipends and programs available for minority students include several scholarships. The application deadline is March 1 for fall entry.

Tuition for in-state residents is $13,552 per year. Nonresidents pay $22,678 per year. On-campus room and board costs approximately $5400; books and supplies, $2500; personal expenses, $2500, for an estimated annual total of $23,952 for in-state residents and $33,078 for out-of-state residents. Graduate student housing consists of a limited number of efficiencies and 1- and 2-bedroom apartments. There is a referral service to help procure off-campus housing.

Students

Sixty-five percent of the current graduate business school class are enrolled full time; 65% have had an average of 3 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from Kentucky (88%). Thirty-four percent are women, 6% are minorities, and 6% are foreign nationals. The average age at entrance is 28; ages range from 21 to 53. Thirty-two percent enter directly from undergraduate school; 2% already have a graduate degree. Students’ undergraduate majors were as follows: 43%, business; 26%, engineering; 7%, social sciences; 5%, economics; 5%, math and science; and 2%, liberal arts. About 2% of entering students leave by the end of the first year due to academic or personal reasons; 98% remain to receive their degree. In 2006, 178 graduate business degrees were awarded.

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