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Memphis, TN 38152
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Fogelman College of Business and Economics

Fogelman College of Business and Economics Rating: 5.0/5 (3 votes)

Academics

The Fogelman College offers the Master of Business Administration (MBA), Master of Science in Accountancy (MSAcc), Master of Science in Business Administration (MSBA), and Master of Arts in Economics (MA) as well as a doctoral program in business administration with concentrations in economics, finance, management, marketing, management information systems, and decision sciences, and a joint degree in law (MBA/JD). Other programs include an interdisciplinary program in international business, foreign exchange with Belgium, Great Britain, Germany, France, and Mexico, and internships. The strongest areas of study are finance, management information systems, and business administration. The most popular courses are in finance and management information systems. Regular programs bring distinguished speakers and visiting professors to campus. These include Professor-for-a-Day, Speakers Forum, and Executive-in-Residence programs.

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

  • Business Applications of Economic Theory
  • Managerial Accounting for Decision Making
  • Quantitative Methods for Business Decisions
  • Seminar in Organizations
  • Strategic Marketing
  • Financial Management II
  • Seminar in Business Policy
  • International Business

Required courses for the MSBA include:

  • Marketing Research
  • International Business
  • Information Systems

Students may eliminate or substitute requirements if a common body of knowledge can be demonstrated.

The minimum time permitted to complete the master’s degree program attending full time is 3 semesters; maximum, 6 years. For students attending part time, the minimum is 6 semesters; maximum, 6 years.

In a recent year, there were 104 total full-time graduate business faculty, all of whom held a doctorate; there were 17 part-time faculty, of whom 98% held a doctorate. Faculty salaries were rated below average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 3; average business class size is 30.

Admissions

A bachelor’s degree is required, along with a GPA of 3.0 and a GMAT score of 500. Most important admissions factors are GMAT results, work experience, and essays. A strong mathematics background is required.

The number of applicants for a recent class was 199; 139 were accepted; 103 enrolled. The average GPA was 3.22. Transfers are accepted. Minority students are actively recruited by advertising in scholarship material.

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 $35, a personal statement, an essay, and proof of 1 year of work experience. Students are notified on a rolling basis of the admissions decision. Check with the school for application deadlines.

Financial Aid

Stipends and programs available for minority students include Tennessee Board of Regents Graduate Minority Fellowships. The FAFSA is required. Check with the school for current application deadlines.

Tuition for in-state residents is $4000 per year. Nonresidents pay $8000 per year. On-campus room and board costs approximately $3350; books and supplies, $975; personal expenses, $2500; and other fees, $284, for an estimated annual total of $11,259 for in-state residents and $15,259 for out-of-state residents. Graduate student housing includes married student apartments and mature student dorms. There is a referral service to help procure off-campus housing.

Students

Forty-nine percent of a recent graduate business school class were enrolled full time; 95% had an average of 6 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students were from Tennessee (70%). Forty-one percent were women, 31% were minorities, and 16% were foreign nationals. The average age at entrance was 30; ages ranged from 24 to 56. Eight percent entered directly from undergraduate school; 15% already had a graduate degree. Students’ undergraduate majors were as follows: 40%, business; 15%, engineering; 15%, math and science; 10%, liberal arts; 10%, social sciences; and 5%, economics. About 13% of entering students leave by the end of the first year due to academic or personal reasons. In 2006, 83 graduate business degrees were awarded.

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