College of Business Administration, University of Louisiana at Monroe in Monroe, LA - University of Louisiana at Monroe in Monroe, LA

Academics

The College of Business Administration offers the Master of Business Administration (MBA). Regular programs bring distinguished speakers and visiting professors to campus.

Twenty-four total credits are required to complete the MBA, including 6 to 9 elective credits. Required courses include:

Management Information Systems
Economic Environment
Accounting Analysis for Decision Making
Financial Analysis
Marketing Strategy
Organizational Theory and Behavior
International Business
Strategic Management

Students may eliminate or substitute requirements through transfer of up to 6 credit hours from an AACSB school.

Business students may take relevant nonbusiness courses in other departments. The maximum time permitted to complete the master’s degree program attending full time or part time is 6 years.

There are 14 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 3; average business class size is 20.

Admissions

A bachelor’s degree is required, along with a GPA of 2.3 and a GMAT score of 400. The formula for using the GPA and GMAT scores is (GPA x 200) + GMAT. Most important admissions factors are academic accomplishments and ability, grades in upper-level courses, and GMAT results. A strong mathematics background is not required.

The average GPA was 3.14; average GMAT score was 490. Transfers are accepted. Minority students are actively recruited by encouraging the university’s own undergraduate minority students to apply.

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 $20, 3 letters of recommendation, and an academic and work resume. Students are notified of the admissions decision as soon as admission material has been received. The latest acceptable test date for fall entry is June. Once accepted, students may defer admission for up to 1 year.

Financial Aid

The school’s own financial statement are required. Check with the school for current deadlines.

Tuition for in-state residents is $124 per credit, or $3360 per year. Nonresidents pay $124 per cedit, or $9317 per year. On-campus room and board costs approximately $4500; books and supplies, $1000; personal expenses, $1000, for an estimated annual total of $9860 for in-state residents and $15,817 for out-of-state residents. Graduate student housing consists of university-owned residence halls.

Students

Thirty-eight percent of the current graduate business school class are enrolled full time. The greatest percentage of students are from Louisiana (80%). Seventy-two percent are women, 21% are minorities, and 11% are foreign nationals. The average age at entrance is 30; ages range from 21 to 51. Five percent already have a graduate degree. Students’ undergraduate majors were as follows: 65%, business; 4%, math and science; 3%, economics; 3%, liberal arts; and 1%, social sciences. In 2006, 40 graduate business degrees were awarded.