The Jones Graduate School offers the Master of Business Administration (MBA) as well as joint degrees in engineering (MBA/ME) with the George R. Brown School of Engineering at Rice University and in medicine (MBA/MD) with Baylor College of Medicine. Other programs include foreign exchange with Costa Rica, work-study, internships with national corporations, interdisciplinary programs, cross-registration with Baylor College of Medicine, and joint research. The strongest areas of study are finance, marketing, entrepreneurship, general management, and communications. The most popular courses are in entrepreneurship, finance, general management, marketing, and portfolio management. Regular programs bring distinguished speakers and visiting professors to campus. The Dean’s Lecture Series and the Executive Lecture Series feature corporate leaders and management experts from the local and national community. They give free presentations on current management issues.
Sixty total credits are required to complete the MBA, including 25 elective credits. Required courses include:
- Financial Accounting
- Business Ethics
- Data Analysis l and ll
- Competitive and Industry Analysis
- Managerial Economics
- Organizational Behavior
- Communications l and ll
- Organizational Change
- Action Learning Project
- Strategy Formulation and Implementation
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 2 years; maximum, 2 years.
There are 58 total full-time graduate business faculty, of whom 95% hold a doctorate; there are 46 part-time faculty, of whom 30% hold a doctorate. Faculty salaries are rated well above average for Category I institutions, based on the AAUP rating system. Average business class size is 53 in core courses and 25 electives.
A bachelor’s degree is required. Most important admissions factors are management potential, academic accomplishments and ability, and motivation. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 695; 361 were accepted; 160 enrolled. The average GPA was 3.2; average GMAT score was 625. Transfers are not accepted. Minority students are actively recruited by advertising in minority publications and recruiting in U.S. cities and by participating in and sponsoring minority recruiting events.
Students may begin the MBA program in the fall only. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $100, 2 letters of recommendation, and responses to 3 essay questions; students may have a personal interview by invitation. Students are notified of the admissions decision on a rolling basis within 6 to 8 weeks of each application deadline. The latest acceptable test date for fall entry is March 15. Once accepted, students may defer admission for up to 1 year on an individual basis.
About 73% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total maximum of $66,100. Stipends and programs available for minority students include alumni and friends scholarship program. The FAFSA, the school’s own financial statement, and the previous year’s tax return are required. Check with the school for current application deadlines.
Tuition for all students is $32,150 per year. On-campus room and board costs approximately $9000; books and supplies, $1300; personal expenses, $6240; and other fees, $2058, for an estimated annual total of $50,748. Graduate student housing consists of approximately 200 units. There is a referral service to help procure off-campus housing.
All of the current graduate business school class are enrolled full time; 97% have had an average of 13 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 (74%). Twenty-eight percent are women, 24% are minorities, and 22% are foreign nationals. The average age at entrance is 31; ages range from 21 to 52. Three percent enter directly from undergraduate school; 12% already have a graduate degree. Students’ undergraduate majors were as follows: 29%, engineering; 26%, business; 19%, liberal arts; 14%, economics; and 12%, math and science. In 2006, 160 graduate business degrees were awarded.