The College of Business offers the Master of Business Administration (MBA). Other programs include graduate assistantships, joint research and publication opportunities, and individual research projects.
Thirty-three total credits are required to complete the MBA, including 9 elective credits. Required courses include:
- Managerial Accounting
- Managerial Research Methods
- Managerial Economics
- Managerial Finance
- Organizational Behavior
- Marketing Management
- Strategic Management
- Production Management and Applications of Quantitative Analysis
Students may eliminate or substitute requirements by transferring up to 9 hours of coursework from accredited programs.
Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending full time or part time is 1 year; maximum, 6 years.
There are 12 total full-time graduate business faculty, of whom 90% hold a doctorate. Faculty salaries are rated well below average for Category IIA institutions, based on the AAUP rating system. Average number of courses faculty teach is 8; average business class size is 15.
A bachelor’s degree is required, along with a GPA of 3.0 and a GMAT score of 450. Most important admissions factors are academic accomplishments and ability, GMAT results, and work experience. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 45; 40 were accepted; 20 enrolled. The average GPA was 3.1; average GMAT score was 520. Transfers are accepted. Minority students are actively recruited by mailings, job fairs, career days, and direct referrals.
Students may begin the MBA program in the fall, winter, spring, and summer. To apply, students must submit an application form, a transcript, GMAT scores, and a nonrefundable application fee of $10. The application deadline is 30 days prior to the semester of first enrollment. Once accepted, students may defer admission.
Stipends and programs available for minority students include fellowships. The FAFSA is required. Check with the school for current application deadlines.
Tuition for in-state residents is $138 per credit, or $2484 per year. Nonresidents pay $370 per credit, or $6084 per year. On-campus room and board costs approximately $3000; books and supplies, $1000; personal expenses, $2050, for an estimated annual total of $8534 for in-state residents and $12,134 for out-of-state residents. Graduate student housing is available in on-campus studios and 1- and 2-bedroom housing in residence halls.
Twenty percent of the current graduate business school class are enrolled full time; 10% 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 Mexico (75%). Fifty percent are women, 35% are minorities, and 15% are foreign nationals. The average age at entrance is 30; ages range from 22 to 60. Twenty percent enter directly from undergraduate school; 7% already have a graduate degree. Students’ undergraduate majors were as follows: 60%, business; 10%, economics; 10%, engineering; 10%, liberal arts; and 10%, social sciences. About 10% of entering students leave by the end of the first year due to academic or personal reasons; 75% remain to receive their degree.