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Graduate School of the Wallace E. Carroll School of Management

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The Carroll School of Management offers the Master of Business Administration (MBA), Master of Science in Accounting (MSA), and Master of Science in Finance (MSF) as well as a doctoral program in finance and organization studies, and joint degrees in finance (MBA/MSF), law (MBA/JD), social work (MBA/MSW), nursing (MBA/MS), sociology (MBA/PhD), biology (MBA/MS), geology/geophysics (MBA/MS), mathematics (MBA/MA), Slavic studies (MBA/MA), Russian (MBA/MA), linguistics (MBA/MA), French studies (MBA/MA), Italian studies (MBA/MA), Hispanic studies (MBA/MA), political science (MBA/MA), higher education (MBA/MA), and pastoral ministry (MBA/MA). Other programs include cross-registration with Boston, Brandeis, and Tufts Universities, a dual degree with Universite Robert Schuman in Strasbourg, France, cooperative programs with Beijing International Management Center, Smurfit Graduate School of Business, ESADE (Barcelona), ESC Brest, ESC Bordeaux, ESC Clermont (France), foreign exchange with 8 countries, joint research with the Carroll School of Management, and Executive Fellows Summer Internships with a wide range of companies. The strongest areas of study are finance, marketing, general management, and consulting. The most popular courses are finance and marketing. Regular programs bring distinguished speakers and visiting professors to campus. The Manager’s Studio Lecture Series brings high-level business leaders to campus on a regular basis.

Fifty-six total credits are required to complete the MBA, including 26 elective credits. Required courses include:

  • Economics
  • Accounting
  • Strategy
  • Information Systems
  • Organizational Studies
  • Statistics
  • Financial Management
  • Marketing
  • Operations Management
  • Modeling and Decision Analysis
  • Managing in the Global Environment
  • Management Practice courses

Required courses for the MSF include:

  • Investments
  • Corporate Finance
  • Financial Policy
  • Commercial Banks and other Financial Institutions or Investment Banking
  • Investment Banking
  • Quantitative Methods
  • Fixed Income and Portfolio Theory
  • Derivatives and Risk Management
  • Theory of Corporate Finance
  • 2 electives

Required courses for the MSA include:

  • Taxes and Management Decisions
  • Financial Statement Analysis
  • Strategic Cost and Profitability Analysis
  • Assurance and Consulting Service

Prerequisites for MSA students include:

  • Economics Financial Management * Statistics * Business Law * Accounting Information Systems * Accounting

Students may eliminate or substitute requirements by being granted advanced standing on the basis of prior graduate degrees or course work.

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 2 years; maximum, 6 years. For students attending part time, the minimum is 4 years; maximum, 6 years.

There are 97 total full-time graduate business faculty, of whom 92% hold a doctorate; there are 102 part-time faculty. Faculty salaries are rated well above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 4 to 5.


A bachelor’s degree is required. Most important admissions factors are academic accomplishments and ability, management potential, and work experience. A strong mathematics background is required.

The number of applicants for the 2006-2007 class was 672; 342 were accepted; 197 enrolled. The average GPA was 3.4; average GMAT score was 645. Transfers are accepted. Minority students are actively recruited by GMASS Search for AHANA candidates and annual participation in NBMBA conferences and case competitions.

Students may begin the MBA program in the fall only. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $100, 2 letters of recommendation, a resume, and 3 essays. The application deadline is March 15 for fall entry. Students are notified of the admissions decision within 8 weeks of their completed application date. The latest acceptable test date for fall entry is March 15.

Financial Aid

About 80% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total maximum of $32,310. Stipends and programs available for minority students include scholarships to AHANA candidates. The FAFSA, the school’s own financial statement, the previous year’s tax return, and financial aid transcripts from previously attended institutions are required. The application deadline is March 15 for fall entry.

Tuition for all students is $1072 per credit, or $32,160 per year. Books and supplies cost approximately $1500; personal expenses, $14,735; and other fees, $150, for an estimated annual total of $48,545. Graduate student housing is not available on campus. There are a limited number of rooms in off-campus graduate housing 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; 90% have had an average of 5 years of full-time work experience prior to entering graduate school, a factor preferred by the school. Thirty-four percent are women, 10% are minorities, and 10% are foreign nationals. The average age at entrance is 28; ages range from 21 to 43. Four percent enter directly from undergraduate school; 11% already have a graduate degree. Students’ undergraduate majors were as follows: 26%, business; 16%, economics; 15%, engineering; 15%, social sciences; 13%, liberal arts; and 8%, math and science.

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