The SBC offers the Master of Business Administration (MBA) as well as a joint degree in law (JD/MBA) and medicine (MD/MBA). Other programs include interdisciplinary programs in health care and public administration, cross-registration with the School of Law and School of Public Affairs and Administration, and internship programs. The strongest areas of study are general business administration, accounting, management, finance, marketing, e-commerce technology, and international business. The most popular courses are management, accounting, finance, and marketing. Regular programs bring distinguished speakers and visiting professors to campus. The Guest Professor Program brings speakers to teach classes.
Fifty-seven total credits are required to complete the MBA, including 21 elective credits. Required courses include:
- Managerial Economics
- Personal Leadership and Communication Skills
- Statistical Methods for Management and Decision Making
- Accounting for Financial Reporting
- Accounting for Managerial Decisions
- Managing People and Organizational Processes
- Operations Management
- Financial Management
- Marketing Management
- Managing Information Technology and Resources
- International Business Environment
- Strategic Management: Integrating the Enterprise
Students may eliminate or substitute requirements by using previous course work to have up to 21 credits waived.
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 2 years; maximum, 6 years.
There are 37 total full-time graduate business faculty, all of whom hold a doctorate; there are 4 part-time faculty, of whom 50% hold a doctorate. Faculty salaries are rated well above average for Category IIA institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 23.
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 (200 x GPA) + GMAT. Most important admissions factors are academic accomplishments and ability, GMAT results, and grades in upper-level courses. A strong mathematics background is required.
The number of applicants for the 2006-2007 class was 400; 138 were accepted; 76 enrolled. The average GPA was 3.2; average GMAT score was 560. Transfers are accepted.
Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $50, 2 letters of recommendation, and a personal statement. The application deadlines are July 1 for fall entry; November 1, spring; April 1, summer. Students are notified of the admissions decision within 10 days of receipt of the complete application. Once accepted, students may defer admission for 1 semester.
About 32% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $12,258 annually; maximum $25,000. The FAFSA is required. The application priority deadline is March 15 for fall entry.
Tuition for in-state residents is $659 per credit, or $15,921 per year. Nonresidents pay $999 per credit, or $24,067 per year. On-campus room and board costs approximately $10,392; books and supplies, $1250; personal expenses, $2185; and other fees, $1703, for an estimated annual total of $31,451 for in-state residents and $39,597 for out-of-state residents. Graduate student housing includes on-campus apartments available on a first-come, first-served basis. There is a referral service to help procure off-campus housing.
Fifteen percent of the current graduate business school class are enrolled full-time; 85% 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 New Jersey (85%). Thirty-five percent are women, 26% are minorities, and 9% are foreign nationals. The average age at entrance is 28; ages range from 19 to 45. Five percent enter directly from undergraduate school; 3% already have a graduate degree. Students’ undergraduate majors were as follows: 60%, liberal arts; 29%, business; and 11%, engineering. About 15% of entering students leave by the end of the first year due to academic or personal reasons. In 2006, 90 graduate business degrees were awarded.