The Simon Graduate School of Business offers the Master of Business Administration (MBA), Master of Science in Business Administration (MS), and Master of Accountancy (MS Acc) as well as a doctoral program in business administration, and a joint degree in public health, and medicine. Other programs include a 3-2 degree with various University of Rochester undergraduate schools, cross-registration with the Department of Economics, foreign exchange with 9 countries, and joint research at major business schools. More than 100 organizations offer summer internships. The strongest areas of study are finance, marketing, accounting, operations, entrepreneurship, and health sciences management. Regular programs bring distinguished speakers and visiting professors to campus, including the Carnegie-Rochester Public Policy Conference, the Frederich Kalmbach Executive Seminar Series, and the Max Farash Lecture Series.
Sixty-seven total credits are required to complete the MBA, including 33 elective credits. Required courses include:
- Corporate Financial Accounting
- Managerial Economics
- Framing and Analysing Business Problems l
- Information Systems for Management
- Capital Budgeting and Corporate Objectives
- Marketing Management
- Operations Management
- Framing and Analysing Business Problems ll
- The Economic Theory of Organizations
- Management Communication
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, 2 years. For students attending part time, the minimum is 2 1/2 years; maximum, 7 years.
There are 48 total full-time graduate business faculty, of whom 82% hold a doctorate; there are 12 part-time faculty, of whom 50% hold a doctorate. Faculty salaries are rated above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 50.
A bachelor’s degree is required. Most important admissions factors are academic accomplishments and ability, a successful interview, and work experience. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 696; 252 were accepted; 95 enrolled. The average GPA was 3.46; average GMAT score was 667. Transfers are accepted. Minority students are actively recruited by participation in the Consortium Graduate Study in Management.
Students may begin the MBA program in the fall and winter. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $125, 2 letters of recommendation, interviews are by invitation only. The application deadlines are June 1 for fall entry; October 15, winter. Students are notified on a rolling basis of the admissions decision. The latest acceptable test date for fall entry is May.
About 81% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships. Stipends and programs available for minority students include fellowships through the Consortium for Graduate Study in Management. The FAFSA and the previous year’s tax return are required. The application deadline is June 1 for fall entry.
Tuition for all students is $1192 per credit, or $35,760 per year. On-campus room and board costs approximately $10,215; books and supplies, $1800; personal expenses, $2070; and other fees, $1943, for an estimated annual total of $51,788. Graduate student housing is available on campus. There is a referral service to help procure off-campus housing.
Sixty-one percent of the current graduate business school class are enrolled full time; 87% 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 foreign countries (46%). Thirty percent are women, 38% are minorities, and 40% are foreign nationals. The average age at entrance is 27; ages range from 21 to 39. Thirteen percent enter directly from undergraduate school; 5% already have a graduate degree. Students’ undergraduate majors were as follows: 38%, business; 22%, math and science; 14%, economics; 13%, engineering; 8%, liberal arts; and 5%, social sciences. About 1% of entering students leave by the end of the first year due to academic or personal reasons; 99% remain to receive their degree. In 2006, 327 graduate business degrees were awarded.