The College of Business offers the Master of Business Administration (MBA) and Master of Accountancy (MAcc) as well as a doctoral program in business administration and accountancy, and a joint degree in industrial engineering (MBA/MS), health administration (MBA/MHA), and law (MBA/JD). Other programs include a 3-2 degree with the university’s industrial engineering department, study-abroad opportunities, teaching and research assistantships, work-study, and internships. The strongest areas of study are finance, management, and marketing. The most popular course is finance. Regular programs bring distinguished speakers and visiting professors to campus. These include the Executive-in-Residence program, the College and University Lecture Series, and special seminars.
Fifty-nine total credits are required to complete the MBA, including 15 elective credits. Required courses include:
- Organization Behavior and Group Dynamics
- Managerial Accounting
- Computer Applications for Planning and Decision Making
- Economics for Managers
- Production/Operations Management
- Managerial Finance
- Managerial Marketing
- Security Markets and Investments
- Marketing Strategy
- Business Environment and Policy
- Business Law/Regulation
- Organizational Ethics
- Information Requirements Analysis
- MBA Communications Practice
- Business Problem Analysis: Field Project
- Business Consulting
- MBA Seminar I, II, III
Students may eliminate or substitute requirements with equivalent undergraduate 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 time is 8 years.
There are 31 total full-time graduate business faculty, all of whom hold a doctorate; there are 8 part-time faculty, of whom 38% 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 4; average business class size is 25.
A bachelor’s degree is required. Most important admissions factors are GMAT results, grades in upper-level courses, and academic accomplishments and ability. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 369; 197 were accepted; 100 enrolled. The average GPA was 3.41; average GMAT score was 624. Transfers are accepted. Minority students are actively recruited by campus visits, minority scholarships, and special mail promotions.
Students may begin the MBA program in the fall, winter, and summer. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $45, a departmental application, and a resume. The application deadlines are August 1 for fall entry; December 1, winter; May 1, summer. Students are notified of the admissions decision on a rolling basis. The latest acceptable test date for fall entry is July 1. Once accepted, students may defer admission for up to 1 year.
About 50% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $9000 annually; maximum $22,300. Stipends and programs available for minority students include scholarships and fellowships. Check with the school for current application deadlines.
Tuition for in-state residents is $293 per credit, or $8624 per year. Nonresidents pay $709 per credit, or $20,888 per year. On-campus room and board costs approximately $7500; books and supplies, $850; personal expenses, $1000; and other fees, $800, for an estimated annual total of $18,774 for in-state residents and $31,038 for out-of-state residents. Graduate student housing consists of more than 300 university-owned apartments for student families and single graduate students. There is a referral service to help procure off-campus housing.
All of the current graduate business school class are enrolled full time; 49% 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 the Midwest (58%). Forty-one percent are women, 3 to 4% are minorities, and 34% are foreign nationals. The average age at entrance is 25; ages range from 21 to 48. Forty-three percent enter directly from undergraduate school; 8% already have a graduate degree. Students’ undergraduate majors were as follows: 52%, business; 12%, math and science; 10%, engineering; 8%, various; 7%, economics; 7%, social sciences; and 4%, liberal arts. About 2% of entering students leave by the end of the first year due to academic or personal reasons; 98% remain to receive their degree. In 2006, 104 graduate business degrees were awarded.