The Sheldon B. Lubar School of Business offers the Master of Business Administration (MBA), Master of Science in Management (MS), and Executive Master of Business Administration (EMBA) as well as a doctoral program in management science with 5 major fields: finance, management information systems, marketing, organizations and strategic management, and production/operations management, and a joint degree in in public administration, human resources labor relations, and nursing. Other programs include foreign exchange, internship programs, and joint research. The strongest areas of study are accounting, finance, management information systems, taxation, and organizational behavior. Regular programs bring distinguished speakers and visiting professors to campus. These include the Bradley Lecture Series on Business Competitiveness, the Bradley Special Focus Seminar Series, the Center for Technology Innovation, the International Business Center, the Deloitte and Touche Center for Multistate Taxation, and the Research Seminar series.
Thirty-six total credits are required to complete the MBA, including 12 elective credits. Required courses include:
- Accounting Analysis and Control
- Corporate Finance
- Managing in a Dynamic Environment
- Information Technology for Competitive Advantage
- Marketing Strategy: Concepts and Practices
- Data Analysis for Management Applications
- Economic Analysis for Managers
- Competitive Operations Strategy
- Strategic Management
Required courses for the MS include:
- Required courses vary by area of concentration
Students may eliminate or substitute requirements.
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, 7 years. For students attending part time, the maximum is 7 years.
There are 64 total full-time graduate business faculty, of whom 94% hold a doctorate; there are 15 part-time faculty, of whom 33% hold a doctorate. Faculty salaries are rated well below average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 2; average business class size is 25.
A bachelor’s degree is required, along with a GPA of 2.75. Most important admissions factors are academic accomplishments and ability, GMAT results, and quality of undergraduate school. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 359; 172 were accepted; 132 enrolled. The average GPA was 3.3; average GMAT score was 555. 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, 2 transcripts, GMAT scores, and a nonrefundable application fee of $45. The application deadlines are January 1 for fall entry; September 1, spring; January 1, summer. Students are notified on a rolling basis of the admissions decision. Once accepted, students may defer admission for up to 1 academic year.
About 33% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $15,420 annually; maximum $32,160. Stipends and programs available for minority students include Advanced Opportunity Program fellowships and some business school scholarships. The FAFSA is required. Check with the school for current application deadlines.
Tuition for in-state residents is $654 per credit. Nonresidents pay $1556 per credit. On-campus room and board costs approximately $5000; books and supplies, $800, for an estimated annual total of $13,651 for in-state residents and $24,478 for out-of-state residents. Graduate student housing is available on campus. There is a referral service to help procure off-campus housing.
Thirty percent of the current graduate business school class are enrolled full time; 80% have had an average of 4 to 5 years of full-time work experience prior to entering graduate school. The greatest percentage of students are from the Midwest (92%). Forty-one percent are women, 10% are minorities, and 8% are foreign nationals. The average age at entrance is 28; ages range from 22 to 49. Twenty-four percent enter directly from undergraduate school. Students’ undergraduate majors were as follows: 50%, business; 18%, engineering; 14%, social sciences; 7%, liberal arts; 4%, economics; and 4%, math and science. In 2006, 238 graduate business degrees were awarded.