The Mays Business School offers the Master of Business Administration (MBA) and Master of Science (MS) in accounting, management information systems, finance, marketing, and human resource management as well as a doctoral program in accounting, finance, management information systems, management, and marketing, and a joint degree in international management with multiple European and Latin American institutions. Other programs include work-study programs through the university, foreign exchange with 10 countries, internships, joint research with Texas A&M colleges and other universities, and cooperative programs with the university’s College of Veterinary Medicine and College of Medicine and with South Texas College of Law. The strongest areas of study are finance, marketing, accounting, information systems, and international business. The most popular courses are finance, services marketing, international, marketing, entrepreneurship, and supply chain management. Regular programs bring distinguished speakers and visiting professors to campus. These include the Dean’s Executive Lecture Series and Women’s Leadership Forum.
Forty-nine total credits are required to complete the MBA, including 6 elective credits. Required courses include:
- Financial Accounting
- Management in Accounting and Control
- Finance for the Professional l
- Finance for the Professional ll
- Information Systems Management
- Quantitative Analysis for Business Decisions
- Operations Management
- Marketing Management
- Microfoundations of Business Behavior
- Managing People in Organizations
- International Business
- Corporate Strategy and the Political Environment of Business
- Business Negotiations
- Business Communications
- Business Consulting Project
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 16 months; maximum, 5 years.
There are 129 total full-time graduate business faculty, of whom 88% hold a doctorate. Faculty salaries are rated average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 3; average business class size is 35.
A bachelor’s degree is required. Most important admissions factors are work experience, grades in upper-level courses, and GMAT results. A strong mathematics background is required.
The number of applicants for the 2006-2007 class was 372; 130 were accepted; 16 enrolled. The average GPA was 3.44; average GMAT score was 651. Transfers are not accepted. Minority students are actively recruited. The Graduate Diversity Fellowship provides a package with a $13,000 annual per-year stipend, a $5,000 per-year scholarship, and a GA position. Other scholarships are in place to attract minority students as well.
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 $50, 3 letters of recommendation, a resume, and essays. The Admissions Committee will contact candidates for interviews. The application deadline is May 31 for fall entry. Students are notified of the admissions decision within 4 weeks of receipt of a completed application. The latest acceptable test date for fall entry is May 31. Once accepted, students may defer admission for up to 1 year if approved by the admissions committee.
About 90% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $18,974 annually; maximum $51,000. Stipends and programs available for minority students include a Graduate Diversity Fellowship. The FAFSA is required. The application deadline is April 1 for fall entry.
Tuition for in-state residents is $7045 per year. Nonresidents pay $18,745 per year. Books and supplies cost approximately $1428; personal expenses, $1756; and other fees, $7903, for an estimated annual total of $18,132 for in-state residents and $29,832 for out-of-state residents. Graduate student housing is not available; all graduate students live off campus. Ample housing is available locally. There is a referral service to help procure off-campus housing.
All of the current graduate business school class are enrolled full time; all 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 the South (70%). Twenty-three percent are women, 13% are minorities, and 20% are foreign nationals. The average age at entrance is 26; ages range from 21 to 38. Five percent already have a graduate degree. Students’ undergraduate majors were as follows: 27%, business; 26%, engineering; 14%, liberal arts; 8%, economics; and 7%, math and science. 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, 70 graduate business degrees were awarded.