The Lubin School of Business, Graduate Programs

Pace University-New York, The Lubin School of Business, Graduate Programs History

Pace University, founded in 1906, is a private, coeducational institution. The 2-acre campus is located in an urban area in New York City and White Plains. Total undergraduate and graduate enrollment is 13,463.

The Lubin School of Business, Graduate Programs was founded in 1958 and is located on the main campus. Courses also are offered at in midtown Manhattan and at the Graduate Center in White Plains in Westchester County. The basic educational approach is to emphasize application of theory using lectures, simulations, case studies, and experiential learning. There is a strong international focus.

Pace University-New York, The Lubin School of Business, Graduate Programs Academics

The Lubin School offers the Master of Business Administration (MBA), Master of Science in Economics and Taxation and in Investment (MS), and Executive Master of Business Administration (e.MBA) as well as a doctoral program in Professional Studies (DPS), and a joint degree in law (JD/MBA). Other programs include cooperative programs, graduate assistantships, foreign exchange with France, Germany, and England, internships, and an advanced professional certificate. The strongest areas of study are accounting, finance, international business, management information systems, and marketing. The most popular courses are Finance and Accounting. Regular programs bring distinguished speakers and visiting professors to campus. Fortune 500 CEOs are regularly invited to participate in the Executive-in-Residence program, and distinguished visiting professors are regularly invited to lecture.

Fifty-two total credits are required to complete the MBA, including 9 elective credits. Required courses include:

• Financial and Managerial Accounting
• Business Statistics and Modeling
• Marketing and Electronic Business
• Business Economics
• Organizational Behavior and Leadership
• Managerial Finance
• Business Strategy and Shareholder Responsibility
• Operations and Quality Management

Students may eliminate or substitute requirements through credit transfer and proficiency examination.

The minimum time permitted to complete the master’s degree program attending full time is 2 years; maximum, 5 years. For students attending part time, the maximum is 5 years.

There are 65 total full-time graduate business faculty, of whom 86% hold a doctorate; there are 66 part-time faculty, of whom 35% hold a doctorate. Faculty salaries are rated well above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 6; average business class size is 23.

Pace University-New York, The Lubin School of Business, Graduate Programs Unique Programs

Library

Publications for the business school contained in the main library consist of more than 824,533 volumes, 70,463 microform items, and 2248 audio/video tapes/CDs, and subscriptions to 4151 periodicals. The business library is particularly strong in finance and international business. Students have access to databases and networks in the fields of business and allied subject areas. Other opportunities for research consist of the Center for International Business Development, the Small Business Development Center, and the Center for Applied Research.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of 3 labs: a 30 Dell optoplex P IV (New York City), a 24 Dell optiplex P IV (New York City), and a 16 Dell optoplex P III (White Plains). Software includes SAP, Peachtree, StockVal, SPSS, and SAS. Facilities are available daily and on evenings and weekends.

Career and Job Placement

In spring 2006, 56 companies recruited on campus. Thirty-nine percent were national corporations. Majors most in demand were accounting and financial services. Average starting salary of the graduating class was $61,000; range was $35,000 to $125,000. The percentage of graduates finding jobs were:

• national corporations 61%
• regional corporations 18%
• local large enterprises 15%
• local small enterprises 5%
• government 1%

Placement services are extensive. Placement services for alumni include a resume referral service and all other services (except campus recruiting), including counseling, testing, workshops, executive recruiter evenings, and networking events. Placement is available through the university placement office and Co-op and Career Services. Eighty 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 573 on the Paper-Based TOEFL (PBT) or 88 on the Internet-Based (iBT) version. They also must submit a translation of their transcripts, proof of health consisting of immunization verification, and proof of adequate funds to cover 1 full academic year of study. Financial aid is available for these students and consists of graduate assistantships and merit scholarships. The priority application deadline for fall entry is June 1.

Calendar

The school operates on a traditional semester basis. Semesters are 15 weeks long; summer sessions, 5 weeks. Graduate programs are offered during the day and evening.

Pace University-New York, The Lubin School of Business, Graduate Programs Admissions

A bachelor’s degree is required, along with a GPA of 3.0. 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 not required.

The number of applicants for the 2006-2007 class was 1047; 597 were accepted; 284 enrolled. The average GPA was 3.31; average GMAT score was 538. Transfers are accepted. Minority students are actively recruited by college and corporate recruitment efforts and minority search services.

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 $65, 2 letters of recommendation, an essay, and a resume. The priority application deadlines are August 1 for fall entry; December 1, spring. Students are notified of the admissions decision on a rolling basis as files are completed. Once accepted, students may defer admission upon request; requests are reviewed on an individual basis.

Pace University-New York, The Lubin School of Business, Graduate Programs Financial Aid

About 41% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $12,848 annually; maximum $38,000. The FAFSA and graduate assistantship application (if applicable) are required. Check with the school for current application deadlines.

Tuition for all students is $857 per credit, or $25,710 per year. On-campus room and board costs approximately $9570; books and supplies, $998; personal expenses, $2810; and other fees, $460, for an estimated annual total of $39,548. Graduate student housing is available at both the Manhattan and Westchester locations. There is a referral service to help procure off-campus housing.

Pace University-New York, The Lubin School of Business, Graduate Programs Students

Fifteen percent of the current graduate business school class are enrolled full time; 80% have had an average of 6 to 7 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 (66%). Forty-two percent are women, 23% are minorities, and 21% are foreign nationals. The average age at entrance is 27; ages range from 21 to 51. Eighteen percent enter directly from undergraduate school; 5% already have a graduate degree. Students’ undergraduate majors were as follows: 49%, business; 19%, liberal arts; 10%, computer science; 9%, economics; 7%, engineering; 4%, social sciences; and 2%, math and science. About 10% of entering students leave by the end of the first year due to academic or personal reasons; 78% remain to receive their degree. In 2006, 533 graduate business degrees were awarded.