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715 North Avenue
New Rochelle, NY 10801-1890
p. (914) 633-2288
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Hagan School of Business

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Academics

The Hagan offers the Master of Business Administration (MBA) and Post Master’s Certiticate (PMC). The strongest areas of study are financial management, management, and marketing. The most popular course is are those offered on-line. Regular programs bring distinguished speakers and visiting professors to campus. Iona hosts in-person and live interactive video teleconferences with business executives both as part of graduate courses and as noncredit seminars.

Fifty-seven total credits are required to complete the MBA, including 18 elective credits. Required courses include:

  • Business Perspectives
  • Quantitative Tools for Management
  • Financial Accounting and Reporting
  • Economics for Management
  • Operations Management
  • Finance for Management
  • Marketing Management
  • Management and Organizational Behavior
  • Management Information Systems

Students may eliminate or substitute requirements by completing comparable course work with a minimum grade of B within the past 7 years.

The maximum time permitted to complete the master’s degree program attending full or part time is 6 years.

There are 37 total full-time graduate business faculty, of whom 97% hold a doctorate; there are 12 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 business class size is 21.

Admissions

A bachelor’s degree is required. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT, or minimum 950. 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 96; 81 were accepted; 68 enrolled. The average GPA was 3.25; average GMAT score was 430. Transfers are accepted. Minority students are actively recruited by attendance at minority fairs and at colleges with strong representation of minority students.

Students may begin the MBA program in the fall, winter, spring, and summer. To apply, students must submit an application form, GMAT scores, a nonrefundable application fee of $50, 2 letters of recommendation, all undergraduate and graduate transcrip, and a resume. The application deadline is rolling for fall entry. Students are notified on a rolling basis of the admissions decision. Once accepted, students may defer admission for up to 1 year.

Financial Aid

About 18% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $10,723 annually; maximum $23,500. The FAFSA is required. Check with the school for current application deadlines.

Tuition for all students is $665 per credit. Graduate student housing is available in off-campus apartments. There is a referral service to help procure off-campus housing.

Students

Thirteen percent of the current graduate business school class are enrolled full time; 80% 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 York (76%). Forty-eight percent are women, 10% are minorities, and 4% are foreign nationals. The average age at entrance is 27; ages range from 21 to 49. Twenty-five percent enter directly from undergraduate school; 15% already have a graduate degree. Students’ undergraduate majors were as follows: 60%, business; 10%, social sciences; 9%, math and science; 5%, economics; 5%, liberal arts; and 4%, engineering. About 22% of entering students leave by the end of the first year due to academic or personal reasons; 70% remain to receive their degree. In 2006, 118 graduate business degrees were awarded.

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