The Eberly College of Business and Information offers the Master of Business Administration (MBA) and Master of Education in Business (MEd). Other programs include internships with area businesses, federal and state work-study programs, foreign exchange with 12 countries, research assistantships, and a small business institute. The strongest areas of study are general management and international business. The most popular course is International Business. Regular programs bring distinguished speakers and visiting professors to campus, including the Distinguished Speakers Program (Graduate Business Student Association).
Thirty-six total credits are required to complete the MBA, including 9 elective credits. Required courses include:
- Managerial Accounting
- Financial Management
- Management Information Systems
- Organizational Analysis
- Business Policy
- Marketing Management
- Managerial Economics
- Quantitative Methods
- International Business
- Organizational Communications
- Operations Management
- Case Problems in Business Law
Students may eliminate or substitute requirements by transferring up to 6 credits from other MBA/graduate 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 is 1 year; maximum, 2 years. For students attending part time, the minimum is 2 years; maximum, 5 years.
There are 39 total full-time graduate business faculty, of whom 97% hold a doctorate; there are 2 part-time faculty, of whom 50% hold a doctorate. Faculty salaries are rated below average for Category I institutions, based on the AAUP rating system. Average number of credit hours faculty teach is 9; average business class size is 31.
A bachelor’s degree is required, along with a GPA of 2.7 and a GMAT score of 450. The formula for using the GPA and GMAT scores is (GPA x 200) + GMAT, or minimum 1000. Most important admissions factors are academic accomplishments and ability, GMAT results, and letters of recommendation. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 330; 250 were accepted; 190 enrolled. The average GPA was 3.5; average GMAT score was 521. Transfers are accepted. Minority students are actively recruited.
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, a nonrefundable application fee of $30, 2 letters of recommendation, and a goal statement essay. The application deadlines are July 1 for fall entry; November 1, winter; April 1, summer. Students are notified of the admissions decision within 3 weeks of receipt of the completed application. The latest acceptable test date for fall entry is 6 weeks prior to the admissions deadline. Once accepted, students may defer admission for 1 year.
About 40% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $9500 annually; maximum $15,000. Stipends and programs available for minority students include the graduate minority scholars program assistantship. The school’s own financial statement is required. The application deadlines are April 1 for fall entry; November 1, spring; April 1, summer.
Tuition for in-state residents is $6048 per year. Nonresidents pay $9678 per year. On-campus room and board costs approximately $4988; books and supplies, $600; personal expenses, $2362; and other fees, $1122, for an estimated annual total of $15,120 for in-state residents and $18,750 for out-of-state residents. Graduate student housing is available in residence halls and apartment buildings. There is a referral service to help procure off-campus housing.
Ninety-one percent of the current graduate business school class are enrolled full time; 67% have had an average of 3 years of full-time work experience prior to entering graduate school. The greatest percentage of students are from foreign countries (65%). Thirty-two percent are women, 7% are minorities, and 65% are foreign nationals. The average age at entrance is 23; ages range from 21 to 51. Thirty-nine percent enter directly from undergraduate school; 9% already have a graduate degree. Students’ undergraduate majors were as follows: 36%, business; 21%, social sciences; 16%, liberal arts; 11%, engineering; 9%, economics; 6%, math and science; and 1%, health professions. About 4% of entering students leave by the end of the first year due to academic or personal reasons; 96% remain to receive their degree. In 2006, 121 graduate business degrees were awarded.