Saint Louis University, founded in 1818, is a private, coeducational institution affiliated with the Roman Catholic (Jesuit) Church. The 254-acre campus is located in an urban area in St. Louis. Total undergraduate and graduate enrollment is 12,034.
The John Cook School of Business was founded in 1910 and is located on the main campus, in its own building, John and Lucy Cook Hall. The basic educational approach is a mix of methods, including case, seminar/lecture, team project, and capstone consulting project.
The John Cook School of Business offers the Master of Business Administration (MBA), Master of Accounting (MAcc), Executive Master in International Business (EMIB), and Master of Science in Finance (MSF) as well as a doctoral program in international business and marketing, and a joint degree in law (MBA/JD), health administration (MBA/MHA), and medicine (MBA/MD). Other programs include an integrated accounting program, an interdisciplinary program in international business, cooperative programs with other Jesuit universities, work-study, foreign exchange in numerous countries, and numerous internship opportunities in the corporate community. There is cross-registration with Washington University in St. Louis and the University of Missouri/St. Louis. The strongest areas of study are entrepreneurship, marketing, and finance. Regular programs bring distinguished speakers and visiting professors to campus. The Boeing Institute sponsors a speaker series, and a program in small business management/entrepreneurship encourages sabbatical exchange. The capstone consulting course uses a team-taught approach, which utilizes distinguished lecturers.
Thirty-three to 50 total credits are required to complete the MBA (1 year, full time), including 12 elective credits. Required courses for the MBA (1 year, full time) include:
- Accounting and Financial Management
- Managerial Economics and Applied Statistics
- Leadership and Team Management
- Essentials of Marketing Strategy
- Legal and Ethical Enivornment of Business
- Operations Management
- Supply Chain Management
- Integrated Decision Making
- Information Technology in Organizations
- Data and Decisions
- Professional Effectiveness Series l – lll
- Global Business Integration l and ll
- Study Abroad
- The Organization: Governance, Compliance, and Strategy
- Integrated Consulting Module
Required courses for the MBA-Professional (part time) include:
- Accounting for Managers
- Quantitative Methods/Statistics
- Economics for Managers
- Operations Management
- Managing Information Technology
- Financial Management
- Global Business Environment
- Marketing Management
- Legal, Ethical and Professional Environment of Business
- Strategy and Practice
Students may eliminate or substitute requirements by waiving 12 hours of prerequisites.
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, 1 year. For students attending part time, the minimum is 1 1/2 years; maximum, 5 years.
There are 60 total full-time graduate business faculty, of whom 96% hold a doctorate; there are 10 part-time faculty, of whom 40% hold a doctorate. Faculty salaries are rated below average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 5; average business class size is 25.
A bachelor’s degree is required. Most important admissions factors are work experience, GMAT results, and a successful interview. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 333; 188 were accepted; 151 enrolled. The average GPA was 3.36; average GMAT score was 570. Transfers are not accepted. Minority students are actively recruited through AACSB and GMAT forums, National Black MBA Association, and targeted advertising.
Students may begin the MBA program in the fall, spring, and summer (the 1-year, full-time MBA begins in the summer only). To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $90, 2 letters of recommendation, a personal statement, and a resume. An interview is required for the 1-year, full-time MBA. The application deadline is rolling. Students are notified of the admissions decision on a rolling basis.
In a recent year, nearly all of 1-year, full-time MBA students received aid from scholarships, loans, and graduate assistantships. The FAFSA and the previous year’s tax return are required. The application deadline is open for fall entry.
Tuition for the 1-year, full-time MBA for all students is $46,800 per year. Books and supplies cost approximately $750; personal expenses, $10,000, for an estimated annual total of $57,550. Graduate student housing is limited on campus; near, affordable, off-campus housing is plentiful. There is a referral service to help procure off-campus housing.
Twenty-four percent of the current graduate business school class are enrolled full time; 80% have had an average of 3 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 Midwest (88%). Thirty-eight percent are women, 10% are minorities, and 10% are foreign nationals. The average age at entrance is 25; ages range from 22 to 55. Twenty percent enter directly from undergraduate school; 10% already have a graduate degree. Students’ undergraduate majors were as follows: 58%, business. In 2006, 113 graduate business degrees were awarded.