College of Business/MBA Program

Midwestern State University, College of Business/MBA Program History

Midwestern State University, founded in 1922, is a public, coeducational institution. The 167-acre campus is located in a suburban area 130 miles northwest of Dallas. Total undergraduate and graduate enrollment is approximately 5800. Figures in the above capsule and this profile are approximate.

The College of Business/MBA Program was founded in 1968 and is located on the main campus, in its own building, Fowler Building. The basic educational approach is one that stresses the conceptual skills necessary to visualize the place of business in society and the analytical skills to tackle everyday problems.

Midwestern State University, College of Business/MBA Program Academics

The College of Business offers the Master of Business Administration (MBA). The strongest areas of study are marketing and accounting. The most popular course is Management.

Thirty-six total credits are required to complete the MBA, including 15 elective credits. Required courses include:

• Managerial Economics or Macroeconomics
• Cost Analysis and Control
• Advanced Business Statistics
• Financial Administration
• Seminar in Marketing
• Organizational Behavior
• Seminar in Business Policy

Students may eliminate or substitute requirements through previous coursework.

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, 6 years. For students attending part time, the minimum is 2 years; maximum, 6 years.

In a recent year, there were 19 total full-time graduate business faculty, of whom 90% held a doctorate; there was 1 part-time faculty member. Average number of courses faculty teach is 7; average business class size is 30.

Midwestern State University, College of Business/MBA Program Unique Programs

Library

The university’s main library houses a collection of more than 270,000 volumes, 155,000 microform items, and 20,000 audio/video tapes/CDs, and subscribes to 110 periodicals. Students have access to such databases and networks as Dialog, EPIC, and AHE.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of 35 PCs in the business laboratory equipped with WordPerfect, Lotus 1-2-3, TurboTax, DOS, and SOLO. Hours are from 8 a.m. to 8 p.m. Monday through Thursday.

Career and Job Placement

Placement services are limited, since most students are already employed full time, and are available through the university placement office.

International Students

International students must take the TOEFL. They also must submit a translation of their transcripts, proof of health, and proof of adequate funds. There is a $50 evaluation fee. Financial aid is available for these students but is extremely limited. The application deadline for fall entry is April 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 evening only.

Midwestern State University, College of Business/MBA Program Admissions

A bachelor’s degree is required, along with a GPA of 3.0 and a GMAT score of 400. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT, or minimum 1000. Most important admissions factors are grades in upper-level courses, GMAT results, and work experience. A strong mathematics background is not required.

The number of applicants for a recent class was 55; 40 were accepted; 25 enrolled. The average GPA was 3.0; average GMAT score was 450. Transfers are accepted. Minority students are actively recruited by letters and brochures to target schools.

Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, a transcript, a nonrefundable $35 application fee, and GMAT scores. The application deadlines are August 7 for fall entry; December 15, spring; May 15, summer. Students are notified within 15 days of receipt of an application of the admissions decision.

Midwestern State University, College of Business/MBA Program Financial Aid

About 10% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $4725 annually; maximum $4725. The school’s own financial statement are required. The application deadlines are May 1 for fall entry; October 1, spring; April 1, summer.

Tuition for in-state residents is approximately $4400 per year. Nonresidents pay $10,000 per year. On-campus room and board costs approximately $4000; books and supplies, $900; personal expenses, $2400, for an estimated annual total of $11,700 for in-state residents and $17,400 for out-of-state residents. Graduate student housing consists of dormitories for single students and off-campus housing for married students.

Midwestern State University, College of Business/MBA Program Students

Nine percent of the current graduate business school class are enrolled full time; 90% have had an average of 3 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from Texas (60%). Thirty-six percent are women, 10% are minorities, and 3% are foreign nationals. The average age at entrance is 28; ages range from 21 to 60. Thirty percent enter directly from undergraduate school; 10% already have a graduate degree. Students’ undergraduate majors were as follows: 50%, business; 30%, engineering; 10%, economics; 3%, liberal arts; 3%, math and science; and 3%, social sciences. About 50% of entering students leave by the end of the first year due to academic or personal reasons; 50% remain to receive their degree. In a recent year, 21 graduate business degrees were awarded.