The Rawls College of Business offers the Master of Business Administration (MBA), Master of Science in Accounting (MSA), Master of Science (MS), and International Master of Business Administration (IMBA) as well as a doctoral program in accounting, business administration, finance, marketing, management information systems, production and operation management, and statistics, and a joint degree in law (MBA/JD, MSA/JD), medicine (MBA/MD), architecture (MBA/MArch), foreign language (MBA/MA), personal financial planning (MBA/MS, MS/MS), and environmental toxicology (MBA/MS). Other programs include foreign exchange with Finland, France, Italy, Great Britain, and Mexico and internships in accounting and health organization management. The strongest areas of study are health organization management, finance, information technology, accounting, and general business. The most popular courses are Management, Finance, Marketing, Accounting, Management Information Systems, and Entrepreneurship. Regular programs bring distinguished speakers and visiting professors to campus, including the Chief Executives’ Roundtable.
Forty-eight total credits are required to complete the MBA, including 12 elective credits. Required courses include:
- Financial and Managerial Accounting
- Statistical Concepts for Business and Management
- Price and Income Theory
- Executive Skills
- Financial Management Concepts
- Marketing Concepts and Strategies
- Managing Organizational Behavior and Organizational Design
- Legal, Regulatory, and Ethical Environment of Business
- Operations Management and Management Science
- Information Technology for Managers
- Managerial Decision Theory
- Strategic and Global Management
Students with a BBA take 6 hours out-of-classroom experience in lieu of certain course work.
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.
There are 67 total full-time graduate business faculty, all of whom hold a doctorate; there are 34 part-time faculty, all of whom hold a doctorate. Faculty salaries are rated below average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 29.
A bachelor’s degree is required. Most important admissions factors are GMAT results, grades in upper-level courses, and essays. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 303; 58 were accepted; 42 enrolled. The average GPA was 3.54; average GMAT score was 602. Transfers are not accepted. Minority students are actively recruited by visits to minority institutions and advertisements in minority college newspapers.
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 $50, 2 letters of recommendation, and a resume. The application deadlines are July 1 for fall entry; November 1, spring; April 1, summer. Students are notified as early as possible of the admissions decision. The latest acceptable test date for fall entry is July 1. Once accepted, students may defer admission.
About 44% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $4500 annually; maximum $22,000. The FAFSA and the school’s own financial statement are required. The application deadline is March 1 for fall, spring, and summer entry.
Tuition for in-state residents is $185 per credit. Nonresidents pay $460 per credit. On-campus room and board costs approximately $6000; books and supplies, $1000; personal expenses, $4500, for an estimated annual total of $18,906 for in-state residents and $25,506 for out-of-state residents. Graduate student housing consists of on-campus dormitory accommodations, but most graduate students live in off-campus apartments, which are readily available. There is a referral service to help procure off-campus housing.
Eighty-seven percent of the current graduate business school class are enrolled full time; 25% have had an average of 4 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 (89%). Thirty-three percent are women, 18% are minorities, and 6% are foreign nationals. The average age at entrance is 25; ages range from 21 to 58. Seventy-one percent enter directly from undergraduate school; 5% already have a graduate degree. Students’ undergraduate majors were as follows: 47%, business; 45%, engineering; 24%, math and science; 11%, social sciences; 9%, liberal arts; and 4%, economics. In 2006, 251 graduate business degrees were awarded.