University of Nebraska at Lincoln, founded in 1869, is a public, coeducational institution. The 616-acre campus is located in an urban area 50 miles southwest of Omaha. Total undergraduate and graduate enrollment is 22,106.
The College of Business Administration was founded in 1913 and is located on the main campus, in its own building. The basic educational approach is to offer a good balance of both the theoretical and the case method approaches in classroom learning.
The College of Business Administration offers the Master of Business Administration (MBA), Master of Professional Accountancy (MPA), Master of Arts in business (MA), and Master of Arts in economics (MA) as well as a doctoral program in accounting, marketing, finance, management, and economics, and a joint degree in law (MBA/JD), architecture (MBA/Architecture), and professional accountancy and law (MPA/JD). Other programs include interdisciplinary PhD programs in statistics, psychology, sociology, and educational psychology, foreign exchange with 4 countries, internship programs, and joint research. The strongest areas of study are management, marketing, and finance. The most popular courses are finance, international business, and marketing. Regular programs bring distinguished speakers and visiting professors to campus. They include a lecture series, and visiting scholars and executives.
Forty-eight total credits are required to complete the MBA, including 18 elective credits. Required courses include:
- Managerial Accounting
- Managerial Finance
- Managerial Economics
- Marketing Management
- Organizational Behavior
- Operations and Information Systems Strategy
- Managerial Decision Making
- International Business
- Strategic Management and Business Policy
- Management Skills Seminar Students with senior-level classes in accounting, finance, marketing, or organization theory may apply to have 1 or more core classes waived.
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, 10 years. For students attending part time, the minimum is 2 years; maximum, 10 years.
There are 48 total full-time graduate business faculty, all of whom hold a doctorate. Faculty salaries are rated average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 2; average business class size is 25.
A bachelor’s degree is required, along with a GPA of 2.5 and a GMAT score of 500. The formula for using the GPA and GMAT scores is (GPA x 200) + GMAT. 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 101; 71 were accepted; 44 enrolled. The average GPA was 3.48; average GMAT score was 620. Transfers are accepted. Minority out-of-state students are eligible for nonresident fellowships.
Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, 2 transcripts, GMAT scores, a nonrefundable application fee of $45, and 3 letters of recommendation. The application deadlines are June 15 for fall entry; November 15, spring; April 15, summer. Students are notified of the admissions decision on a rolling basis. The latest acceptable test date for fall entry is May.
About 46% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $11,622 annually; maximum $24,338. Stipends and programs available for minority students include Minority Graduate Fellowships and nonresident fellowships. The FAFSA is required. Check with the school for current application deadlines.
Tuition for in-state residents is $212 per credit, or $5076 per year. Nonresidents pay $570 per credit, or $13,674 per year. On-campus room and board costs approximately $7106; books and supplies, $944; personal expenses, $3146; and other fees, $758, for an estimated annual total of $17,030 for in-state residents and $25,628 for out-of-state residents. Graduate student housing consists of residence halls, a coed hall, and married-student housing, plus apartments and houses for rent.
Fifty-five percent of the current graduate business school class are enrolled full time; 72% 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 Nebraska (73%). Thirty-four percent are women, 2% are minorities, and 18% are foreign nationals. The average age at entrance is 26; ages range from 20 to 54. Twenty-seven percent enter directly from undergraduate school; 9% already have a graduate degree. Students’ undergraduate majors were as follows: 48%, business; 22%, engineering; 8%, math and science; 5%, liberal arts; 2%, social sciences; and 1%, economics. In 2006, 77 graduate business degrees were awarded.