School of Business

Hampton University, School of Business History

Hampton University, founded in 1868, is a private, coeducational institution. The 205-acre campus is located in a suburban area 20 miles north of Norfolk. Total undergraduate and graduate enrollment is approximately 5700. Enrollment figures in the above capsule are approximate.

The School of Business was founded in 1981 and is located on the main campus, in its own building, Buckman Hall. The basic educational approach is a mixture of theoretical and case methods.

Hampton University, School of Business Academics

The MBA Program offers the Master of Business Administration (MBA). Other programs include cross-registration with Norfolk State, Old Dominion, and Christopher Newport Universities, work-study, and internship programs. The strongest area of study is management. The most popular courses are in human resource management and operations management.

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

• International Business
• Information Systems Development
• Organization Theory and Practice
• Macro Environment of Business
• Human Resources Administration
• Managerial Accounting
• Managerial Finance
• Marketing Management
• Managerial Economics
• Business Policy
• Legal Environment of Business
• Quantitative Decision Making

Students may eliminate or substitute requirements through previous course work or examinations.

The minimum time permitted to complete the master’s degree program attending full time or part time is 4 semesters; maximum, 7 years.

In a recent year, there were 12 total full-time graduate business faculty, all of whom held a doctorate; there is 1 part-time faculty member, who held a doctorate. Average number of courses faculty teach is 3; average business class size is 12.

Hampton University, School of Business Unique Programs

Library

The university’s main library houses a collection of more than 332,000 volumes, and subscribes to 1400 periodicals. Students have access to such databases and networks as Compustat and Hoover. Other opportunities for research consist of the Bureau of Economic and Business Research.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of a PC lab, which houses 25 IBM XT and AT PCs that are available from 9 a.m. to 9 p.m. daily. Word processing equipment is available. The university computer facility houses an IBM mainframe computer. Some 40 terminals are available to students 12 hours a day; there is no time limit.

Career and Job Placement

In a recent year, 27 companies recruited on campus. Ninety percent were national corporations. Average starting salary of the graduating class was $60,000; range was $48,000 to $90,000. The percentage of graduates finding jobs were:

• regional corporations 32%
• local large enterprises 30%
• national corporations 25%
• local small enterprises 10%
• self-employment 3%

Placement services are extensive. Placement services for alumni include interviews. Placement is available through the university placement office and faculty members. Seventy percent of the most recent graduating class found jobs within three months of receiving their degree.

International Students

International students must take the Paper-Based TOEFL. They also must submit a translation of their transcripts. Financial aid is available for these students and consists of residence hall assistantships. The application deadline for fall is June 1.

Calendar

The school operates on a traditional semester basis. Semesters are 14 weeks long; summer sessions, 6 weeks. Graduate programs are offered during the evening only.

Hampton University, School of Business Admissions

A bachelor’s degree is required, along with a GPA of 2.6. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT, or minimum 950. Most important admissions factors are academic accomplishments and ability, motivation, and maturity. A strong mathematics background is not required.

The average GPA in a recent year, was 3.0; average GMAT score was 450. Transfers are accepted. Minority students are actively recruited.

Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, a nonrefundable fee of $35, a transcript, GMAT scores, and 2 letters of recommendation. Students are notified on a rolling basis of the admissions decision. The latest acceptable test date for fall entry is open. Once accepted, students may defer admission for up to 2 years.

Hampton University, School of Business Financial Aid

Stipends and programs available for minority students include . The FAFSA and the school’s own financial statement are required. The priority deadline for fall entry is March 1.

Tuition for all students is $13,358 per year. On-campus room and board costs approximately $6746; books and supplies, $600; personal expenses, $1500; and other fees, $250, for an estimated annual total of $22,454. Graduate student housing is limited. There is a referral service to help procure off-campus housing.

Hampton University, School of Business Students

Thirty-three percent of a recent graduate business school class are enrolled full time; 80% had an average of 4 years of full-time work experience prior to entering graduate school. The greatest percentage of students were from Virginia (60%). Fifty percent were women, 90% were minorities, and 5% were foreign nationals. The average age at entrance was 24; ages ranged from 22 to 50. Twenty percent entered directly from undergraduate school; 1% already had a graduate degree. Students’ undergraduate majors were as follows: 60%, business; 20%, social sciences; 10%, liberal arts; and 5%, math and science. About 3% of entering students leave by the end of the first year due to academic or personal reasons; 97% remain to receive their degree.