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Rutgers Business School <MD> Newark and New Brunswick

Academics

The RBS offers the Master of Business Administration (MBA), Executive Master of Business Administration (EMBA), Master of Accountancy (MACCY), and Master of Quantitative Finance (MQF) as well as a doctoral program in management, and a joint degree in law (JD/MBA), as well as the MPH/MBA, BA/MBA, BS/MBA, MS/MBA (Biomedical Sciences) MD/MBA, JD/MBA (Professional Accounting), MPP/MBA (Public Policy), and MCRP/MBA (City and Regional Planning). Other programs include 3-2 degrees with other units of Rutgers University, cross-registration with other Rutgers colleges and NJIT, foreign exchange with France and Netherlands, internships, and joint research. The strongest areas of study are finance/economics, marketing, pharmaceutical management, and supply chain management. Regular programs bring distinguished speakers and visiting professors to campus.

Sixty total credits are required to complete the MBA, including 24 elective credits. Required courses include:

  • Introduction to Information Technology
  • Concepts and Practice of Financial Communication
  • Supporting Managerial Decisions
  • Macroeconomic Policy
  • Business Presentations
  • Law and Legal Reasoning in Business
  • Managing People
  • Global Business and Strategy
  • Strategic Management
  • Economic Analysis and Economics of Industrial Organizations
  • Analysis of Investment and Corporate Finance
  • Marketing and Design Strategy
  • Business Ethics and Society
  • Data Models and Decisions
  • Supply Chain Logistics and Operations Management
  • Interfunctional Team Consulting
  • Career Development Program (no credit)

Required courses for the MBA in Professional Accounting include:

  • Business Communication
  • The Accounting Cycle
  • The Accounting Profession
  • Cyber Camp
  • Intermediate Accounting I
  • Managerial Economic Analysis
  • Financial Management
  • Organizational Behavior
  • Statistical Models
  • Intermediate Accounting II
  • Management Accounting
  • Advanced Financial Management
  • Auditing and Accounting Information Systems
  • Operations Management and Decision Support Systems
  • Accounting Theory
  • Advanced Auditing and Information Systems
  • Tax Aspects of Business Management
  • Business Law I
  • Advanced Operations Management and Decision Support Systems
  • Aggregate Economic Analysis
  • Accounting Research
  • Business Policy
  • Taxation of Business Entities
  • Business Law II
  • Marketing Management
  • International Business Environment

Students may eliminate or substitute requirements by transferring up to 18 credits or a passing qualifying examination.

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 18 months; maximum, 24 months. For students attending part time, the minimum is 3 years; maximum, 8 years.

There are 123 total full-time graduate business faculty, of whom 98% hold a doctorate; there are 14 part-time faculty, of whom 60% hold a doctorate. Faculty salaries are rated well above average for Category I institutions, based on the AAUP rating system. Average number of credit hours faculty teach is 12; average business class size is 35.

Admissions

A bachelor’s degree is required, along with a GPA of 3.0. The GMAT is required for the MBA, EMBA, and MACCY programs. Most important admissions factors are academic accomplishments and ability, GMAT results, and work experience. A strong mathematics background is required for the Master of Quantitative Finance program.

The number of applicants for the 2006-2007 class was 839; 435 were accepted; 281 enrolled. The average GPA was 3.27; average GMAT score was 606. Transfers are accepted. Minority students are actively recruited by yearly campus visits to selected schools, mentoring of potential applicants, selected mailings, GMASS, and participation in national recruiting events.

Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, a transcripts from all schools attended, GMAT scores, a nonrefundable application fee of $50, 2 letters of recommendation, 1 essay, and a current resume. The application deadlines are June 1 for fall entry; November 15, spring; May 1, summer. Students are notified of the admissions decision on a rolling basis, within 3 to 4 weeks of application. The latest acceptable test date for fall entry is June 15. Once accepted, students may defer admission for 1 year upon payment of a nonrefundable tuition deposit.

Financial Aid

Stipends and programs available for minority students include Ralph Bunche and Patricia Roberts Harris Fellowships. The FAFSA is required. The application deadline is March 15 for fall entry. Applicants are encouraged to apply for assistance as early as possible, preferably by March 15.

Tuition for in-state residents is $723 per credit, or $17,463 per year. Nonresidents pay $1247 per credit, or $30,027 per year. Graduate student housing consists of on-campus graduate dorms with mostly single bedrooms and limited married-student housing. There is a referral service to help procure off-campus housing.

Students

Twenty-five percent of the current graduate business school class are enrolled full time; 93% have had an average of 6 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 (90%). Thirty-three percent are women, 27% are minorities, and 25% are foreign nationals. The average age at entrance is 28; ages range from 22 to 53. Three percent enter directly from undergraduate school. Students’ undergraduate majors were as follows: 45%, business; 15%, engineering; 10%, math and science; 9%, economics; and 3%, social sciences. About 5% of entering students leave by the end of the first year due to academic or personal reasons; 95% remain to receive their degree. In 2006, 493 graduate business degrees were awarded.

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