The Graduate Business Program offers the Master of Business Administration (MBA), Master of Science in Accounting (MSA), and Master of Science in Information Technology (MSIT). Other programs include a 3-2 degree with UMass Boston’s Colleges of Liberal Arts and Science and Mathematics; foreign exchange with 9 countries; an interdisciplinary program in public policy; cooperative programs with Tsinghua University in Beijing, Waterford Institute of Technology in Ireland, University of Frankfurt, and Jaypee University of Information Technology in Delhi, India; work-study, joint research, and internships. The strongest areas of study are finance, accounting, and international management. The most popular courses are Portfolio Analysis and Investment Management, Cost Accounting, Entrepreneurship, Financial Statement Analysis, and Managing in the Global Economy. Regular programs bring distinguished speakers and visiting professors to campus. There is an Executive-in-Residence program and a Senior Executive Leadership Forum. Additionally, the CM Forum brings 2 to 3 local and national business leaders to campus to speak to the graduate students each month.
Fifty-four total credits are required to complete the MBA, including 24 elective credits. Required courses include:
- Economics for Managers
- Accounting for Managers
- Financial Management
- Statistical Analysis for Managers
- Operations Management
- Computers and Information Processing Systems
- Strategic Management
- Organizational Analysis and Skills
- Business and Its Environment
- Marketing Management
Required courses for the MSA include:
- Intermediate Accounting
- Cost Accounting
- Federal Tax Planning
- Financial and Managerial Auditing
- Financial Statement Analysis
- Accounting Information Systems
- Financial Accounting Theory and Analysis
Required courses for the MSIT include:
- Business Data Communications and Computer Networks
- Database Management
- Knowledge Management and Business Intelligence
- Innovation in IT Management
- Business Process Innovation
- Project and Change Management
- IT for Quality and Competitive Management
Students may eliminate or substitute requirements by recent coursework at the undergraduate or graduate level.
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 15 months; maximum, 5 years. For students attending part time, the minimum is 2 years; maximum, 5 years.
There are 49 total full-time graduate business faculty, of whom 98% hold a doctorate; there are 6 part-time faculty, of whom 33% hold a doctorate. Faculty salaries are rated average for Category l institutions, based on the AAUP rating system. Average number of courses faculty teach is 6; average business class size is 21.
A bachelor’s degree is required, along with a GPA of 2.75 and a GMAT score of 500. 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 692; 301 were accepted; 218 enrolled. The average GPA was 3.31; average GMAT score was 578. Transfers are accepted. Minority students are actively recruited by information sessions, advertising, and affiliation with the National Society of Hispanic MBAs and the National Black MBA Association.
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 $40, 3 letters of recommendation, 2 essays, and a resume. The application deadlines are June 1 for fall entry; November 1, spring. Students are notified of the admissions decision on a rolling basis. The latest acceptable test date for fall entry is flexible. Once accepted, students may defer admission up to 1 semester.
About 65% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total maximum of $17,000. Stipends and programs are available for Hispanic-American and African-American students. The GAPSFAS or FAFSA, and financial aid transcripts from previously attended institutions are required. The application deadline is May 1 for fall entry.
Tuition for in-state residents is $409 per credit, or $9816 per year. Nonresidents pay $833 per credit, or $19,992 per year. Books and supplies cost approximately $500; personal expenses, $3000, for an estimated annual total of $13,316 for in-state residents and $23,492 for out-of-state residents. Graduate student housing is not available on campus, but is available directly adjacent to the university. There is a referral service to help procure off-campus housing.
Thirty-seven percent of the current graduate business school class are enrolled full time; 95% have had an average of 5<1/2> years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from Massachusetts (59%). Fifty-four percent are women, 19% are minorities, and 18% are foreign nationals. The average age at entrance is 28; ages range from 22 to 59. Fifteen percent enter directly from undergraduate school; 23% already have a graduate degree. Students’ undergraduate majors were as follows: 29%, business; 19%, engineering; 18%, liberal arts; 11%, math and science; 10%, economics; and 10%, social sciences. About 4% of entering students leave by the end of the first year due to academic or personal reasons; 86% remain to receive their degree. In 2006, 74 graduate business degrees were awarded.