Martha and Spencer Love School of Business

Elon University, Martha and Spencer Love School of Business History

Elon University, founded in 1889, is a private, coeducational institution affiliated with the United Church of Christ. The 575-acre campus is located in a small town 17 miles east of Greensboro. Total undergraduate and graduate enrollment is 5230.

The Martha and Spencer Love School of Business was founded in 1984 and is located on the main campus, in its own building, Ernest A. Koury Sr. Business Center. The basic educational approach is to provide a general managerial backgrounda balance of quantitative and qualitativeto help students become managers of business assets. The school utilizes a mixture of teaching methods.

Elon University, Martha and Spencer Love School of Business Academics

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.

Elon University, Martha and Spencer Love School of Business Unique Programs

Library

The Carol Grotnes Belk Library houses a collection of more than 266,000 volumes, 15,000 microform items, and 21,065 audio/video tapes/CDs, and subscribes to 7117 periodicals. Students have access to such databases and networks as SAS, CCH Tax Research Network, CRSP, International Financial Statistics Online, JSTOR, Morningstat, Mergent Online, Thomson One Baker, Value Line Research Center, Emerald, Global Market Information Database (GMID), Market Research.com, Reference USA, STAT-USA, TableBase, Global Insight, National Bureau of Economic Research, World Development Indicators, NewsBank, SPSS, Lexis/Nexis, and EBSCO Business Source Premier. Other opportunities for research consist of 16 group study rooms.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of about 500 PCs. Computer labs in selected buildings are open until 1 a.m.

Career and Job Placement

Placement services are limited, since most students are already employed full time. Placement services for alumni include evening workshops focused on job search strategies through career services. Placement is available through the university placement office.

International Students

International students must take the TOEFL. International students must score 550 on the Paper-Based TOEFL (PBT). They also must submit a translation of their transcripts and proof of adequate funds consisting of a completed Certificate of Financial Responsibility. The application deadline for fall entry is open.

Calendar

The school operates on a trimester basis. Trimesters are 10 weeks long; summer sessions, 5 weeks. Graduate programs are offered during the evening only.

Elon University, Martha and Spencer Love School of Business Admissions

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.

Elon University, Martha and Spencer Love School of Business 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.

Elon University, Martha and Spencer Love School of Business Students

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.