The LSBE MBA program offers the Master of Business Administration (MBA).
Thirty-two total credits are required to complete the MBA, including 6 elective credits. Required courses include:
- International Business Environment
- Business, Government, and Society
- Operations Management
- Policy Formulation and Implementation
- Financial Management
- Marketing Management
- Management of Human Resources
- Management Accounting
- Managerial Economics
- Data Analysis and Statistics for Managers
Students may eliminate or substitute requirements through previous graduate-level course work.
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 28 total full-time graduate business faculty, all of whom hold a doctorate. Faculty salaries are rated above average for Category IIA institutions, based on the AAUP rating system. Average number of credit hours faculty teach is 8; average business class size is 20.
A bachelor’s degree is required, along with a GPA of 3.0 and a GMAT score of 540. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT, or minimum 1100. Most important admissions factors are grades in upper-level courses, GMAT results, and academic accomplishments and ability. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 19; 17 were accepted; 16 enrolled. The average GPA was 3.24; average GMAT score was 532. Transfers are accepted.
Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, 2 transcripts, GMAT scores, and a nonrefundable application fee of $55. The application deadlines are July 15 for fall entry; November 1, spring; May 1, summer. Students are notified of the admissions decsision 4 weeks after the application is completed. The latest acceptable test date for fall entry is June 30. Once accepted, students may defer admission for up to 1 year.
Stipends and programs available for minority students include University of Minnesota programs. The FAFSA is required. The application deadline is July 15 for fall entry.
Tuition for all students is $739 per credit. Graduate student housing includes on- and off-campus facilities. There is a referral service to help procure off-campus housing.
All of the current graduate business school class are enrolled part-time; 95% have had an average of 5 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from Minnesota (85%). Thirty-nine percent are women, 10% are minorities, and 3% are foreign nationals. The average age at entrance is 30; ages range from 24 to 63. Five percent enter directly from undergraduate school; 3% already have a graduate degree. Students’ undergraduate majors were as follows: 60%, business; 20%, engineering; 10%, liberal arts; 5%, economics; and 5%, social sciences. About 10% of entering students leave by the end of the first year due to academic or personal reasons; 80% remain to receive their degree. In 2006, 16 graduate business degrees were awarded.