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Elkin B. McCallum Graduate School of Business

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The McCallum Graduate School of Business offers the Master of Business Administration (MBA), Master of Science in Finance (MSF), Master of Science in Accountancy (MSA), Master of Science in Marketing Analytics (MSMA), Master of Science in Taxation (MST), Master of Science in Human Factors in Information Design (MSHFID), Master of Science in Real Estate Management (MSREM), Master of Science in Financial Planning (MSFP), and Master of Science in Information Technology (MSIT). There are joint MS/MBA degrees in Information Technology and in Human Factors in Information Design. Other programs include cross-registration with the Heller School at Brandeis University, work-study programs, internship programs, a cooperative program with ESC Clermont in France, international internships, joint employer-faculty internships, and a graduate certificate program in numerous concentrations. The strongest areas of study are accountancy, finance, financial planning, marketing, management, and taxation. The most popular courses are Negotiating, Business Process and System Assessment, Corporate Finance: Theory and Tools, Investments and Capital Accumulation, Federal Taxation, Multi-Jurisdictional Taxation, Managing Relationships Strategically, Project Management, Management of Technology, and Customer Data Analysis and Relationship Marketing. Regular programs bring distinguished speakers and visiting professors to campus, including the Raytheon Lectureship in Business Ethics, the Center for Business Ethics Leture Series, Insights from Successful Business Women, and Excellence in Management and Leadership Series.

Sixty total credits are required to complete the full-time MBA program (57 ffor the part-time MBA and 30 for MS programs), including 18 elective credits for the full-time MBA ( 24 for part-time MBA). Required courses for the Day MBA include:

  • Economic Environment of the Firm
  • Statistics
  • Marketing Management
  • Accounting for Decision-Making
  • Financial Statement Analysis for Decision-Making
  • Information Technology for Competitive Advantage
  • Global Strategy
  • Business Process Management l and ll
  • Team Effectiveness: Theory and Skills
  • Customer-Focused Management for Competitive Advantage
  • Management Consulting Teams l and ll
  • Leadership, Ethics, and Corporate Responsibilities

Required courses for the evening MBA include:

  • Managing People in the Information Age
  • Business Process Management
  • Operations Management
  • Strategic Information Fundamentals
  • Global Strategy
  • Statistics
  • Economic Environment of the Firm * Leadership, Ethics, and Corporate Responsibiliti es * Managing People in Organizations
  • Marketing Management
  • Accounting for Decision-Making
  • Financial Statement Analysis for Decision-Making

Students may eliminate or substitute requirements by receiving advances-standing credit based on prior academic course work that is equivalent to the Business Fundamentals course that is to be waived. The prior course must not be more than 5 years old, and a grade of B or better must have been achieved. If either of these criteria are not met, a pass/fail proficiency exam may be taken.

Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending full time varies; maximum, 2 years. For students attending part time, the minimum is 2 years; maximum, 7 years.

There are 177 total full-time graduate business faculty, of whom 84% hold a doctorate; there are 109 part-time faculty, of whom 37% hold a doctorate. Faculty salaries are rated well above average for category llA institutions, based on the AAUP rating system. Average number of courses faculty teach is 5; average business class size is 21.


A bachelor’s degree is required. Most important admissions factors are academic accomplishments and ability, GMAT results, and career plans. For many of the school’s programs, strong quantitative skills are essential.

The number of applicants for the 2006-2007 class was 1013; 713 were accepted; 457 enrolled. The average GPA was 3.36; average GMAT score was 535. Transfers are accepted. Minority students are actively recruited. The school has partnerships with a variety of diversity organizations and provides scholarship opportunities with them.

Students may begin the MBA program in the fall and spring. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $50, 2 letters of recommendation, 3 essays, and a resume. An evaluative interview is required for Day MBA and MS/MBA applicants. The application deadlines are March 1 for fall entry; November 1, spring. Students are notified of the admissions decision 3 weeks after receipt of the completed application. Once accepted, students may defer admission for up to 1 calender year.

Financial Aid

About 41% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $15,173 annually; maximum $47,870. Stipends and programs available for minority students include National Association for Black Accountants Scholarship, National Black MBA Scholarship, and National Society for Hispanic MBAs Scholarship. The FAFSA, the school’s own financial statement, and the previous year’s tax return are required. The application deadlines are June 3 for fall entry; November 1, spring.

Tuition for all students is $948 per credit, or $22,752 per year. On-campus room and board costs approximately $12,390; books and supplies, $1080; personal expenses, $1080; and other fees, $404, for an estimated annual total of $37,708. Graduate student housing consists of 2-person apartments in the college-owned North Campus Apartments. There is a referral service to help procure off-campus housing.


Twenty-five percent of the current graduate business school class are enrolled full time; 54% have had an average of 7 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from the Northeast (87%). Thirty-seven percent are women, 12% are minorities, and 10% are foreign nationals. The average age at entrance is 27; ages range from 20 to 55. Fourty-four percent enter directly from undergraduate school; 13 already have a graduate degree. Students’ undergraduate majors were as follows: 46%, business; 43%, computer information systems and others; 4%, economics; 3%, social sciences; 3% engineering; and 1%, liberal arts. In 2006, 447 graduate business degrees were awarded.

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