Rutgers Business School Newark and New Brunswick

Rutgers University-Newark, Rutgers Business School Newark and New Brunswick History

Rutgers, The State University of New Jersey, founded in 1766, is a public, coeducational institution. The 31-acre Newark campus is located in an urban area 10 miles west of New York City. The New Brunswick campus is 30 miles southwest of New York City. Total undergraduate and graduate enrollment is 49,700.

The Rutgers Business School Newark and New Brunswick was founded in 1950 and is located in its own buildings, Management Education Center, Engelhard Hall, and Ackerson Hall. Courses also are offered at Princeton (MBA), Jersey City (MBA), and Morristown (MBA) in New Jersey, Beijing (EMBA), and Shanghai (EMBA). The basic educational approach is a blend of theory and practice in a rigorously structured, quantitative curriculum. Following a traditional core and in combination with courses in management information systems, analytical/functional studies, human resource management, and environment, students are required to complete an applied case study, which fosters strategic planning and analysis.

Rutgers University-Newark, Rutgers Business School 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.

Rutgers University-Newark, Rutgers Business School Newark and New Brunswick Unique Programs

Library

The business school library and the university’s main library houses a collection of more than 150,000 volumes, 300,000 microform items, and 20 audio/video tapes/CDs, and subscribes to 700 periodicals. The business library is particularly strong in finance, marketing, international business, and entrepreneurship. Students have access to such databases and networks as Dow Jones Interactive, Lexis/Nexis Academic Universe, ABI/INFORM Global, Business and Industry Database, TableBase, Statistical Universe, Compact Disclosure, S&P Research Insight, EconLit, Business Periodicals Index, CIAO, Public Affairs Information Service, INFORMS Annual Comprehensive Index, Real Estate Periodical Index, Bridge Telerate Plus, Research Insite (Compustat), CRSP, and NYSSE TAQ. Other opportunities for research consist of technology, financial services, and regulated industries research centers, as well as the Small Business Development Center and the Global Financial Market Center.

Computers

Only full-time graduate business students must have their own PCs. The business school has its own computer facilities, consisting of a school microlaboratory and ADP electronic classroom plus shared facilities. There are about 185 PCs and mainframe access to an AS-9000, a VAX 8550, and others. Software includes word processing, database, graphics, spreadsheet packages, e-mail, and WAN and Internet access.

Career and Job Placement

In spring 2006, 44 companies recruited on campus. Fifty percent were national corporations. Majors most in demand were finance,marketing, and pharmaceuticals management and supply chain. Average starting salary of the graduating class was $78,851; range was $50,000 to $110,000. The percentage of graduates finding jobs were:

• national corporations 97%
• regional corporations 1%
• local small enterprises 1%
• self-employment 1%

Placement services are extensive. Placement services for alumni include networking, electronic job board, resume critique, and career planning/coaching. Placement is available through the MBA Office of Career Management. Ninety 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 600 on the Paper-Based TOEFL (PBT) or 95 to 100 on the Internet-Based (iBT) version. They also must submit a translation of their transcripts, proof of health consisting of immunization records, and proof of adequate funds to cover 2 years of study. The application deadline for fall entry is March 15.

Calendar

The school operates on a trimester basis. Trimesters are 14 weeks long; summer sessions, 14 weeks. Graduate programs are offered during the day and evening and weekends.

Rutgers University-Newark, Rutgers Business School Newark and New Brunswick 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.

Rutgers University-Newark, Rutgers Business School Newark and New Brunswick 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.

Rutgers University-Newark, Rutgers Business School Newark and New Brunswick 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.