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School of Business

Academics

The School of Business offers the Master of Business Administration (MBA), Master of Arts/Master of Science in Economics and Finance (MA/MSEcon), Master of Science in Computer Management and Information Systems (MSCMIS), Master of Marketing Research (MMR), Master of Business Administration/Management Information Systems (MBA/MIS), and Master of Science in Accountancy (MSA). Other programs include cooperative programs, work-study, foreign exchange with 5 countries, and internships. The strongest areas of study are management, accounting, and economics. The most popular courses are in management and marketing. Regular programs bring distinguished speakers and visiting professors to campus. International Teaching week includes professors from Germany, Mexico, the Netherlands, France, and Japan. The Executive Speaker Series brings Fortune 500 company CEOs to campus on a weekly basis.

Thirty total credits are required to complete the MBA, including 15 elective credits. Required courses include:

  • International Business Environment
  • External Environment of Business
  • Leadership, Influence, and Managerial Effectiveness
  • Strategic Management
  • Managerial Economics

Students may eliminate or substitute requirements only for foundation courses, not for required 30 credit hours.

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 4 10-week semesters; maximum, 6 years. For students attending part time, the minimum is 4 10 week semesters; maximum, 6 years.

In a recent year, there were 38 total full-time graduate business faculty, of whom 97% held a doctorate. Faculty salaries are rated average for Category IIA institutions, based on the AAUP rating system. Average number of credit hours faculty teach is 15; average business class size is 35.

Admissions

A bachelor’s degree is required, along with a GPA of 2.5 and a GMAT score of 400. 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 and GMAT results. A strong mathematics background is required.

The number of applicants for a recent class was 241; 154 were accepted; 113 enrolled. The average GPA was 3.2; average GMAT score was 494. 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 transcript, GMAT scores (the GRE is acceptable for Economics/Finance) and a nonrefundable application fee of $30. The application deadline is at least 4 weeks preceding the first day of the term. Students are notified as early as possible of the admissions decision. The latest acceptable test date for fall entry is 30 days prior to the first day of class.

Financial Aid

In a recent year, about 15% of graduate business school students received financial aid from scholarships, loans, and graduate assistantships, for a total average of $7500 annually. Stipends and programs available for minority students include competitive graduate assistantships. The application deadlines is 30 days prior to the first day of class.

Tuition for in-state residents is $225 per credit. Nonresidents pay $563 per credit. On-campus room and board costs approximately $4000; books and supplies, $1500; and other fees. Graduate student housing consists of 1500 2- or 3-bedroom student apartments. There is a referral service to help procure off-campus housing.

Students

Thirty-five percent of a recent graduate business school class was enrolled full time; 84% had an average of 7 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students were from the Midwest (90%). Forty-five percent were women, 7% were minorities, and 9% were foreign nationals. The average age at entrance was 27; ages ranged from 22 to 48. Fifteen percent entered directly from undergraduate school; 3% already had a graduate degree. Students’ undergraduate majors were as follows: 50%, business; 35%, engineering; 5%, liberal arts; 5%, math and science; and 5%, social sciences. About 20% of entering students leave by the end of the first year due to academic or personal reasons; 60% remain to receive their degree.

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