The Graduate School of Management offers the Master of Business Administration (MBA) and Master of Science in Finance (MSF). Other programs include joint research, work-study, 3-2 degrees with College of the Holy Cross and Trier University in Germany, foreign exchange with Universite Laval in Quebec, Vaxjo University in Sweden, and University of Paris-Sorbonne in France, and paid summer internships for full-time students. The strongest areas of study are finance, health care, management and policy, and international management. The most popular courses are in finance, marketing, MIS, and international management. Regular programs bring distinguished speakers and visiting professors to campus and include the Graduate Student Council Speaker Series, Leadership Speaker Series, and Leadership and Decision Making Seminar.
Sixteen total credits are required to complete the MBA, including 5 elective credits. Required courses include:
- Management Economics
- Statistical Methods/Management Decision Models
- Foundations of Accounting
- Financial Management/Stock and Bond Valuation
- Creating Effective Organizations
- Marketing Management/Marketing Strategy and Simulation
- Management Information Systems
- Operations Management
- International Management and Global Competition
- Contemporary Business Law
- Business in Society
- 5 elective courses
Required courses for the MSF include:
- Advanced Derivatives
- Case Studies in Derivatives
- Financial Econometrics
- Portfolio Management
- Stock and Bond Valuation
- Derivatives Valuation
- Market Microstructures
- Corporate Finance
- Investment Strategies
- Fixed Income Securities
- 2 electives
Students may eliminate or substitute requirements with advanced placement of up to 4 background and core courses.
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 1 year; maximum, 3 years. For students attending part time, the minimum is 1 1/2 years; maximum, 6 years.
There are 18 total full-time graduate business faculty, of whom 95% hold a doctorate; there are 12 part-time faculty, of whom 50% hold a doctorate. Faculty salaries are rated for Category IIA institutions, based on the AAUP rating system. Average number of courses faculty teach is 5; average business class size is 22.
A bachelor’s degree is required. Most important admissions factors are academic accomplishments and ability, work experience, and GMAT results. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 311; 253 were accepted; 90 enrolled. The average GPA was 3.1; average GMAT score was 540. Transfers are accepted. Minority students are actively recruited by minority recruiting events and targeted mailings.
Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $50, 2 letters of recommendation, and an essay. The application deadlines are June 1 for fall entry; December 1, spring; May 1, summer. Students are notified 2 to 3 weeks after the completed application arrives of the admissions decision. The latest acceptable test date for fall entry is July 15. Once accepted, students may defer admission for up to 1 year.
In a recent year, about 60% of graduate business school students received financial aid from scholarships, loans, and graduate assistantships. The FAFSA, the school’s own financial statement, the previous year’s tax return, and financial aid transcripts from previous institutions are required. Check with the school for current application deadlines.
Tuition for all students is $2870 per credit, or $22,960 per year. On-campus room and board costs approximately $7000; books and supplies, $1000; personal expenses, $2000; and other fees, $1050, for an estimated annual total of $34,010. Graduate student housing is available on campus for full-time students, and there are ample apartments nearby. There is a referral service to help procure off-campus housing.
Fifty-six percent of the current graduate business school class are enrolled full time; 85% have had an average of 4 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 (60%). Forty-seven percent are women, 7% are minorities, and 55% are foreign nationals. The average age at entrance is 27; ages range from 22 to 42. Fifteen percent enter directly from undergraduate school; 15% already have a graduate degree. Students’ undergraduate majors were as follows: 42%, business; 21%, social sciences; 16%, economics; 7%, engineering; 6%, liberal arts; and 5%, math and science. About 1% of entering students leave by the end of the first year due to academic or personal reasons; 96% remain to receive their degree. In a recent year, 105 graduate business degrees were awarded.