School of Business Administration

University of Vermont, School of Business Administration History

The University of Vermont, founded in 1791, is a public, coeducational institution. The 954-acre campus is located in an urban area 200 miles northwest of Boston. Total undergraduate and graduate enrollment is 11,870.

The School of Business Administration was founded in 1981 and is located on the main campus, in its own building. The basic educational approach is to emphasize the understanding and critical evaluation of conceptual and theoretical principles relevant to the decision process in the functional areas of business, along with skill development in the practical application of decisions.

University of Vermont, School of Business Administration Academics

The School of Business Administration offers the Master of Business Administration (MBA). Other programs include work-study programs and independent research under the direction of faculty members. Regular programs bring distinguished speakers and visiting professors to campus, including the Nicole Maria Stata, Lintelchac, Kalkin, and Hoffman lecture series.

Forty-eight total credits are required to complete the MBA, including 9 elective credits. Required courses include:

• Fundamentals of Marketing Management
• Fundamentals of Accounting
• Organization and Management Studies
• Corporate Finance
• Fundamentals of Legal Environment of Business
• Production and Operations Management

Students may eliminate or substitute requirements by replacing required work with an elective, by taking an examination, by transferring up to 9 hours, or by holding an undergraduate business degree from an AACSB-accredited school.

Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending full time or part time is 1 year; maximum, 5 years.

There are 26 total full-time graduate business faculty, of whom 88% hold a doctorate; there are 3 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 5; average business class size is 20.

University of Vermont, School of Business Administration Unique Programs

Library

The university’s main library houses a collection of more than 1,299,224 volumes, 1,982,253 microform items, and 38,680 audio/video tapes/CDs, and subscribes to 6567 periodicals. Students have access to such databases and networks as Academic Search Premier, Business & Company Resource Center, Business & Industry, Business & Management Practices, EconLit, Expanded Academic, ASAP, Factiva, LexisNexis Academic, Mergent Online, National Consumer Survey, Pais Archive, PAIS International, PsycInfo, Web of Science, World Development Indicators, Thomson Baseline, and Six Thomson on Stations. Other opportunities for research consist of course-integrated library instruction, individual consultations with librarians, and reference assistance at the reference desk and via e-mail and telephone. Subscription databases may be accessed off-campus using the library’s proxy server.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of 50 networked PCs running Windows XP Pro, Office XP Pro, Minitab, SPSS, Visual Studio.net, Visio, and Thomson. They are located in Kalkin Hall with access 24 hours a day, 7 days a week. Other university computing resources are located in multiple locations.

Career and Job Placement

Placement services are extensive. Placement services for alumni include numerous meetings, career clarification, networking, and interview skills, among other services. Placement is available through the university placement office.

International Students

International students must take the TOEFL. International students must score 550 on the Paper-Based TOEFL (PBT). They also must submit a translation of their transcripts and proof of adequate funds to cover the entire period of study. 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.

University of Vermont, School of Business Administration Admissions

A bachelor’s degree is required, along with a GMAT score of 600. The formula for using the GPA and GMAT scores is AACS Index + 200 (U/G GPA) + GMAT. Most important admissions factors are academic accomplishments and ability, GMAT results, and work experience. A strong mathematics background is required.

The number of applicants for the 2006-2007 class was 43; 29 were accepted; 23 enrolled. The average GPA was 3.18; average GMAT score was 575. Transfers are accepted.

Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, 2 transcripts, GMAT scores, a nonrefundable application fee of $55, 3 letters of recommendation, a statement of purpose, resume, and TOEFL if not a native English speaker. The application deadlines are April 1 for fall entry; December 1, spring; April 1, summer. Students are notified of the admissions decision on a rolling basis. The latest acceptable test date for fall entry is open. Once accepted, students may defer admission for up to 1 year.

University of Vermont, School of Business Administration Financial Aid

The FAFSA is required. The application deadlines are March 1 for fall entry; March 1, spring.

Tuition for in-state residents is $410 per credit, or $9832 per year. Nonresidents pay $1034 per credit, or $24,816 per year. On-campus room and board costs approximately $7642; books and supplies, $900; and other fees, $1491, for an estimated annual total of $19,865 for in-state residents and $34,849 for out-of-state residents. Graduate student housing consists of on-campus dormitories and off-campus apartments, houses, and rooms for rent. There is a referral service to help procure off-campus housing.

University of Vermont, School of Business Administration Students

Thirty percent of the current graduate business school class are enrolled full time; 90% have had an average of 8 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 (49%). Forty percent are women, 7% are minorities, and 14% are foreign nationals. The average age at entrance is 29; ages range from 21 to 51. Five percent enter directly from undergraduate school; 16% already have a graduate degree. Students’ undergraduate majors were as follows: 28%, engineering; 21%, liberal arts; 12%, business; 10%, math and science; 5%, economics; and 5%, social sciences. About 5% of entering students leave by the end of the first year due to academic or personal reasons; 95% remain to receive their degree. In 2006, 15 graduate business degrees were awarded.