The Whittemore School of Business and Economics

University of New Hampshire-Main Campus, The Whittemore School of Business and Economics History

University of New Hampshire, founded in 1866, is a public, coeducational institution. The 3000-acre campus is located in a small town 65 miles north of Boston. Total undergraduate and graduate enrollment is approximately 14,600.

The Whittemore School of Business and Economics was founded in 1962 and is located on the main campus, in its own building, McConnell Hall. Courses also are offered at Manchester (part-time evening MBA). The basic educational approach is to create technologically proficient problem solvers, innovative and critical thinkers, effective communicators, and ethically aware business leaders. These skills are developed through a mix of formal textbook presentations, case presentations, simulations, and fieldwork.

University of New Hampshire-Main Campus, The Whittemore School of Business and Economics Academics

The Whittemore School offers the Master of Business Administration (MBA), Executive Master of Business Administration (MBA), Master of Arts in Economics (MA), Master of Science in Accounting (MS), and Master of Science in Management of Technology Executive MBA (MS) as well as a doctoral program in economics. Other programs include work-study, internships, and a consulting project for full-time MBA students. The Management of Technology program is also offered in Korea. There is foreign exchange with the University of Napoli. The strongest areas of study are finance, statistics and operations research, accounting, entrepreneurship, general management, organizational behavior, and manufacturing and technology management. The most popular courses are International Finance, Investments, Leadership, Global Management, Entrepreneurship, and Group Behavior in Organizations. Regular programs bring distinguished speakers and visiting professors to campus. The Distinguished Speakers Series brings CEOs from Fortune 500 companies to campus. The Hollloway Seminar Series presents speakers involved in successful entrepreneurial ventures. The Business Forum brings in regional business leaders to discuss current business practices and issues. A biweekly economics seminar series brings in quest lectures and allows PhD students to present their research.

Fifty-one total credits are required to complete the MBA (full time), including 9 elective credits. Required courses for the MBA (full time) include:

• Economics
• Marketing Management
• Information Systems Across the Enterprise
• Management Accounting
• Organizational Behavior
• Technology Operations and Supply Chain Management
• Financial Management
• Managerial Decision Making
• Organizations, Leadership, and Environments
• Strategic Management
• Information Systems and Enterprise Integration

Required courses for the MS in Accounting include:

• Accounting Theory and Research
• Topics in Advanced Accounting
• Corporate Taxation
• Government and Nonprofit Accounting
• Ethics and Professional Practice
• Corporate Law
• Advanced Auditing
• Accounting Information Systems

Required courses for the MBA (part time), evening include:

• Organizational Behavior
• Economics
• Managerial Decision Making
• Management Accounting
• Information Systems and Enterprise Integration
• Technology, Operations, and Supply Chain Management
• Marketing Management
• Financial Management
• Organizations, Leadership, and Environments
• Strategic Management

Required courses for the Executive MBA include:

• part-time MBA required courses plus International Management

Required courses for the MA in Economics include:

• Mathematical Economics
• Microeconomics l
• Macroeconomics l
• Econometrics l
• Seminar
• Research Paper

Required courses for the MS in Management of Technology include:

• Management of Technology
• Accounting and Finance for Technical Managers
• Leadership and Team Management
• Information Systems: Management Enterprise Systems
• Quantitative Methods
• Project Management
• Procurement and Supply Chain Management
• Business Planning and Program Management
• Product Development and Marketing
• Intellectual Propety Management, Ethics, and Emerging Technology
• Strategic Management of Technology
• Advanced Topics

Students may eliminate or substitute requirements. With departmental approval, 2 graduate courses may transfer. Part-time MBA students can request to waive a core course based on significant prior coursework.

Business students may take relevant nonbusiness courses in other departments. MBA students may petition to take up to 2 nonbusiness courses offered at the university.The minimum time permitted to complete the master’s degree program attending full time is 9 months; maximum, 6 years. For students attending part time, the minimum is 2 years; maximum, 6 years.

There are 52 total full-time graduate business faculty, of whom 98% hold a doctorate; there are 18 part-time faculty, of whom 39% hold a doctorate. Faculty salaries are rated above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 5; average business class size is 20.

University of New Hampshire-Main Campus, The Whittemore School of Business and Economics Unique Programs

Library

The university’s main library houses a collection of more than 1.7 million volumes, 68,697 special business collections, and 2.5 million audio/video tapes/CDs, and subscribes to 6500 periodicals. The business library is particularly strong in accounting and finance, decision sciences, economics, hospitality management, general management, and marketing. Students have access to such databases and networks as Business Source Premier, EconLit, Emergent, Standard & Poor’s, and more than 100 other databases. Other opportunities for research consist of projects with various centers on campus, including the Small Business Development Center, the Center for Venture Research, the Center for Business and Economic Research, the Center for Directed Research, the International Private Enterprise Center, and the William Rosenburg International Center for Franchising.

Computers

Graduate business students must have their own PCs. The business school has its own computer facilities, consisting of several computer labs on campus open to all students 24 hours a day with PCs and Macs. Graduate students also have their own conference room with several PCs and a printer for their own use. There are high-tech classrooms in the business school building with wireless capability throughout.

Career and Job Placement

In spring 2006, 30 companies recruited on campus. Twenty-five percent were national corporations. Majors most in demand were finance, marketing, and supply chain management. Average starting salary of the graduating class was $55,590; range was $40,000 to $75,000. The percentage of graduates finding jobs were:

• national corporations 54%
• regional corporations 15%
• local large enterprises 15%
• local small enterprises 15%

Placement services are extensive and are available through Whittemore School Office of Placement and the university placement office. Seventy-one percent of the most recent graduating class found jobs within three months of receiving their degree.

International Students

International students must take the TOEFL. International students must score 550 on the Paper-Based TOEFL (PBT) or 79-80 on the Internet-Based (iBT) version. They also must submit a translation of their transcripts, proof of health consisting of immunizations, and proof of adequate funds to cover 1 year of study. There is a special fee of $956 for supplemental health insurance. Financial aid is available for these students and consists of assistantships for students in the economics program and merit-based tuition scholarships for students in the MS Accounting and full-time MBA programs. The application deadline for fall entry is April 1.

Calendar

The school operates on a traditional semester basis. Semesters are 15 weeks long; summer sessions, 5 weeks. Graduate programs are offered during the day and evening and weekends.

University of New Hampshire-Main Campus, The Whittemore School of Business and Economics Admissions

A bachelor’s degree is required. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT. Most important admissions factors are work experience, GMAT results, and academic accomplishments and ability. A strong mathematics background is required.

The number of applicants for the 2006-2007 class was 217; 181 were accepted; 125 enrolled. The average GPA was 3.3; average GMAT score was 559. Transfers are accepted. Minority students are actively recruited by scholarships available for qualified minority applicants.

Students may begin the MBA program in the fall only. To apply, students must submit an application form, 2 transcripts, GMAT scores, a nonrefundable application fee of $60, 3 letters of recommendation, and answers to essay questions. The application deadline is July 1 for fall entry. Students are notified on a rolling basis of the admissions decision. The latest acceptable test date for fall entry is June. Once accepted, students may defer admission for up to 1 year.

University of New Hampshire-Main Campus, The Whittemore School of Business and Economics Financial Aid

About 34% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $15,158 annually; maximum $43,845. Stipends and programs available for minority students include merit-based assistantships and tuition scholarships available for any traditional full-time student. The FAFSA, the school’s own financial statement, and the previous year’s tax return are required. The application deadline is March 1 for fall entry.

Tuition for in-state MBA residents for the full-time 1 year program is $1400: nonresidents pay $25,000. For the part-time MBA program, in-state residents pay $1620 per course; nonresidence pay $1935 per course. Graduate student housing consists of 1 graduate residence hall in addition to on-campus studios and apartments. There is a referral service to help procure off-campus housing.

University of New Hampshire-Main Campus, The Whittemore School of Business and Economics Students

Twenty-eight percent of the current graduate business school class are enrolled full time; 85% have had an average of 8 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 Northeast (87%). Thirty-five percent are women, 6% are minorities, and 14% are foreign nationals. The average age at entrance is 31; ages range from 21 to 61. Twenty-two percent enter directly from undergraduate school; 12% already have a graduate degree. Students’ undergraduate majors were as follows: 30%, business; 24%, engineering; 16%, math and science; 10%, economics; 10%, liberal arts; and 8%, social sciences. About 7% of entering students leave by the end of the first year due to academic or personal reasons; 75% remain to receive their degree. In 2006, 100 graduate business degrees were awarded.