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Campus Box 2075
Elon, NC 27244-2010
p. (800) 334-8448, ext. 3
f. (336) 278-7699

Martha and Spencer Love School of Business

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The Love School of Business offers the Master of Business Administration (MBA). The strongest areas of study are leadership, marketing, and finance. The most popular course is Managerial Communications. Regular programs bring distinguished speakers and visiting professors to campus and include Legends of Business, which is a regular program of national and state leaders in business.

Fifty-one total credits are required to complete the MBA, including 6 elective credits. Required courses include:

  • Goal Setting and Career Development l
  • Goal Setting and Career Development ll
  • Enhancing Managerial Communications
  • Economic Policy and the Global Environment
  • Accounting for Managerial Decisions
  • Marketing Management
  • Financial Management
  • Management Operations, Science and Systems
  • Applications in Management and Organizational Theory
  • Management Practice Workshop l
  • Management Practice Workshop ll
  • International Business
  • Enhancing Organizational Leadership

Students may eliminate or substitute requirements by transferring up to 9 credits from another AACSB-accredited program with a grade of B or better.

Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending full or part time is 21 months; maximum, 6 years.

There are 32 total full-time graduate business faculty, all of whom hold a doctorate; there is 1 part-time faculty member, who holds a doctorate. Faculty salaries are rated average for Category IIA institutions, based on the AAUP rating system. Average number of courses faculty teach is 6; average business class size is 18.


A bachelor’s degree is required, along with a GPA of 2.5 and a GMAT score of 470. The formula for using the GPA and GMAT scores is (GPA x 200) + GMAT, or minimum 1000. Most important admissions factors are academic accomplishments and ability, GMAT results, and work experience. A strong mathematics background is required.

The number of applicants for the 2006-2007 class was 90; 67 were accepted; 55 enrolled. The average GPA was 3.1; average GMAT score was 545. Transfers are accepted.

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 $50, and 3 letters of recommendation. The application deadlines are August 1 for fall entry; February 1, spring. Students are notified of the admissions decision within 2 weeks. The latest acceptable test date for fall entry is August. Once accepted, students may defer admission for up to 1 year.

Financial Aid

About 21% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $8584 annually; maximum $17,388. The FAFSA and the school’s own financial statement are required. Check with the school for current application deadlines.

Tuition for all students is $416 per credit. Graduate student housing is not available on campus. There is a referral service to help procure off-campus housing.


Three percent of the current graduate business school class are enrolled full time; 95% have had an average of 9 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from North Carolina (96%). Thirty-three percent are women, 18% are minorities, and 1% are foreign nationals. The average age at entrance is 31; ages range from 23 to 40. Five percent enter directly from undergraduate school; 9% already have a graduate degree. Students’ undergraduate majors were as follows: 31%, business; 24%, engineering; 15%, social sciences; 9%, math and science; 6%, landscape architecture; and 4 to 15%, liberal arts. About 1% of entering students leave by the end of the first year due to academic or personal reasons; 90% remain to receive their degree. In 2006, 26 graduate business degrees were awarded.

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