School of Business Administration

Monmouth University, School of Business Administration History

Monmouth University, founded in 1933, is a private, coeducational institution. The 158-acre campus is located in a suburban area about 1 hour from New York City and 1<1/2> hours from Philadelphia. Total undergraduate and graduate enrollment is 6329.

The School of Business Administration was founded in 1967 and is located on the main campus. The basic educational approach is to provide an education that qualifies its graduates for positions of leadership in both the private and public sectors. The MBA program develops a comprehensive background in the theory and practice of business management and concentrates on the pragmatics of contemporary management decisions in both the national and international economy.

Monmouth University, School of Business Administration Academics

The School of Business Administration offers the Master of Business Administration (MBA), Master of Business Administration in Health Care Management (MBA), and Master of Business Administration in Accounting (MBA). Other programs include internships in health care management and a federally funded campus work-study program based on financial need. The most popular course is in management information systems. Regular programs bring distinguished speakers and visiting professors to campus.

Forty-eight total credits are required to complete the MBA. Required courses include:

• Business Finance
• Behavioral Course
• Quantitative Course
• Marketing Course
• Business Environment Course
• Managerial Accounting Course
• International Course
• Technology Course
• Strategic Management
• Ethics, Law, and Social Responsibility

Required courses for the MBA in Health Care Management include:

• International Course
• Technology Course
• Marketing Course
• Introduction to U.S. Health Care System
• Health Care Finance and Economics
• Health Care Management
• Seminar in Health Care
• Health Care Field Work
• Strategic Management
• Ethics, Law, and Social Responsibility
• Business Finance
• Managerial Accounting

Required courses for the MBA in Accounting include:

• Economics for Management
• Management and Organizational Behavior
• Financial Accounting
• Quantitative Analysis and Statistics
• Production and Operations Management
• Marketing Management
• Ethics, Law and Social Responsibility
• Business Finance

Students may eliminate or substitute requirements transfer of graduate credits or waiver; if a student has received an undergraduate degree in business within the past 7 years, core courses may be 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, 5 years. For students attending part time, the minimum is 2 years; maximum, 5 years.

There are 33 total full-time graduate business faculty, of whom 87% hold a doctorate; there are 5 part-time faculty, of whom 20% hold a doctorate. Average number of courses faculty teach is 6; average business class size is 25.

Monmouth University, School of Business Administration Unique Programs

Library

The university’s main library houses a collection of more than 247,000 volumes, and subscribes to 16,000 periodicals. Students have access to such databases and networks as ABI/INFORM and Compustat.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of PCs located in fully networked laboratories.

Career and Job Placement

In a recent spring, 140 companies recruited on campus. Twenty percent were national corporations. Majors most in demand were marketing and accounting. Average starting salary of the graduating class was $50,000; range was $45,000 to $55,000. The percentage of graduates finding jobs were:

• regional corporations 50%
• national corporations 20%
• local large enterprises 20%
• local small enterprises 10%

Placement services are limited, since most students are already employed full time. Placement services for alumni include on-campus recruiting, career fairs, and career counseling services. Placement is available through the university placement office.

International Students

International students must take the TOEFL. They also must submit a translation of their transcripts, proof of health, and proof of adequate funds to cover 1 year of study. Financial aid is available for these students and consists of scholarships and assistantships. Check with the school for current application deadlines.

Calendar

The school operates on a traditional semester basis. Semesters are 15 weeks long; summer sessions, 6 weeks. Graduate programs are offered during the evening only and weekends.

Monmouth University, School of Business Administration Admissions

A bachelor’s degree is required, along with a GPA of 2.75, a GMAT score of 450, and GRE scores of 1000. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT, or minimum 500. Most important admissions factors are GMAT results, academic accomplishments and ability, and grades in upper-level courses. A strong mathematics background is required.

The number of applicants for a recent year, class was 192; 147 were accepted; 82enrolled. The average GPA was 3.17; average GMAT score was 502. Transfers are accepted. Minority students are actively recruited.

Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, a transcript, GMAT scores, and a nonrefundable application fee of $50. Check with the school for application deadlines Students are notified as soon as admission documents are processed of the admissions decision. Once accepted, students may defer admission.

Monmouth University, School of Business Administration Financial Aid

In a recent year, about 85% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $12,974 annually. The FAFSA is required. Check with the school for current application deadlines.

Tuition for all students is $673 per credit. Books and supplies cost approximately $900; personal expenses, $13,375 and other fees, for an estimated annual total of $14,895. Graduate student housing is available off-campus. There is a referral service to help procure off-campus housing.

Monmouth University, School of Business Administration Students

Eighteen percent of the current graduate business school class are enrolled full time; 81% have had an average of 7 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from New Jersey (95%). Forty-Six percent are women and 10% are minorities. The average age at entrance is 29; ages range from 21 to 49. Twenty-one percent enter directly from undergraduate school. Students’ undergraduate majors were as follows: 59%, business; 12%, liberal arts; 12%, social sciences; 5%, engineering; 7%, math and science; 11%. About 18% of entering students leave by the end of the first year due to academic or personal reasons; 68% remain to receive their degree.