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Robert G. Merrick School of Business

Academics

The Merrick School offers the Master of Business Administration (MBA), Master of Science in Business (MScB) with specializations in finance, and management information systems, Master of Science in Taxation (MST), and Master of Science in Accounting and Business Advisory Services (MSA) as well as joint degrees in nursing administration (MBA/MS and MBA/PhD), law (MBA/JD), and pharmacy (MBA/PharmD). Other programs include cross-registration with any University System of Maryland institution, cooperative and work-study programs, internships, and graduate assistantships. The strongest areas of study are information systems, finance, entrepreneurship, and management. The most popular course is Finance.

Fifty-one total credits are required to complete the MBA, including 12 elective credits. Required courses include:

  • Information Systems in Business
  • Financial Analysis and Strategy
  • Accounting for Managerial Decisions
  • Global and Domestic Business Environment
  • Strategic Marketing
  • Strategic Management

Required courses for the MS in Business with specialization in finance include:

  • Accounting for Managerial Decisions
  • Business Economics and Forecasting
  • Advanced Financial Management
  • Investment Analysis
  • Financial Analysis and Strategy

Required courses for the MS in Business with specialization in management information systems include:

  • Leadership of the IT Function
  • Networking and Telecommunications
  • Database Management Systems
  • Systems Analysis
  • Information Systems Techniques
  • Informations Systems Capstone Project

Required courses for the MST include:

  • Tax Research and Writing
  • Fundamentals of Federal Income Taxation I and II
  • Corporate Taxation
  • Partnership Taxation
  • Tax Practice and Procedure
  • Tax Policy

Required courses for the MS in Accounting and Business Advisory Service include:

  • Contemporary Issues in Financial Reporting
  • Design of Managerial Cost and Control Systems
  • Advanced Topics in Assurance Services
  • Financial Analysis and Strategy
  • Investment Analysis
  • Database Management Systems
  • Systems Analysis

Students may eliminate or substitute requirements through undergraduate course work taken within the past 5 years with grades of B or better. Up to 21 credits may be waived.

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

There are 55 total full-time graduate business faculty, of whom 90% hold a doctorate; there are 16 part-time faculty, of whom 25% hold a doctorate. Faculty salaries are rated above average for Category l institutions, based on the AAUP rating system. Average number of courses faculty teach is 6; average business class size is 26.

Admissions

A bachelor’s degree is required. Most important admissions factors are academic accomplishments and ability, GMAT results, and grades in upper-level courses. A strong mathematics background is not required.

The number of applicants for the 2006-2007 class was 503; 265 were accepted; 204 enrolled. Transfers are accepted. Minority students are actively recruited.

Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, 2 transcripts, GMAT scores, a nonrefundable application fee of $30, 2 letters of recommendation, a resume, and a personal essay. The application deadlines are August 1 for fall entry; January 1, spring; May 1, summer. Students are notified on a rolling basis of the admissions decision. The latest acceptable test date for fall entry is 2 weeks prior to the first day of class.

Financial Aid

Stipends and programs available for minority students include graduate assistantships. The FAFSA, the school’s own financial statement, and financial aid transcripts are required. The application deadlines are March 1 for fall entry; November 1, spring; March 1, summer.

Tuition for in-state residents is $481 per credit, or $8658 per year. Nonresidents pay $726 per credit, or $13,068 per year. Books and supplies cost approximately $400; personal expenses, $1500; and other fees, $867, for an estimated annual total of $11,425 for in-state residents and $15,835 for out-of-state residents. Graduate student housing is not available on campus. There is a referral service to help procure off-campus housing.

Students

Twenty-four percent of the current graduate business school class are enrolled full time; 75% have had an average of 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 Maryland (71%). Fifty percent are women, 24% are minorities, and 17% are foreign nationals. The average age at entrance is 28; ages range from 20 to 50. Twenty-five percent enter directly from undergraduate school; 2% already have a graduate degree. Students’ undergraduate majors were as follows: 25%, liberal arts; 20%, business; 20%, economics; 20%, social sciences; 10%, engineering; and 5%, math and science. About 20% of entering students leave by the end of the first year due to academic or personal reasons; 50% remain to receive their degree. In a recent year, 188 graduate business degrees were awarded.

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