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Babcock Graduate School of Management

Academics

Babcock offers the Master of Business Administration (MBA) and Master of Arts in Management (MAM) as well as joint degrees in law (JD/MBA) and medicine (MD/MBA) and with the Graduate School of Arts and Sciences (PhD/MBA) and Calloway School of Business and Accountancy (MSA/MBA). Other programs include many opportunities for experiential learning: the management consulting practicum, 5 overseas summer study programs, summer internships, a mentor program, the Babcock Leadership Series, the Marketing Summit and Case Competition, the Elevator Case Competition, and a career management course. The strongest areas of study are finance, marketing, operations management, consulting, and entrepreneurship. The most popular courses are Strategy Games, International Finance, Business Process Management, Negotiations, Investments and Portfolio Management, Advanced Financial Management, Pricing Revenue Management, Management Control, Cost Analysis, Brand Management, and Entrepreneurship. Regular programs bring distinguished speakers and visiting professors to campus. The Executive-in-Residence Program brings current or retired chief executives to teach and participate in classroom/special projects. The Babcock Leadership Series and the Broyhill Executive Lecture Series bring noted leaders from business and government to speak to the Babcock community.

Sixty-four total credits are required to complete the MBA, including 27or 30 elective credits. Required courses include:

  • Accounting
  • Financial Management
  • Quantitative Methods
  • Managerial Economics
  • Marketing Management
  • Operations Management
  • Organizational Behavior
  • Management Communication
  • Information Technology Management
  • International Business Management
  • International Competitive Policy I and II
  • Law and Ethics
  • Management Consulting Practicum
  • Macroeconomics

Required courses for the MA in Management include:

  • Business Simulation
  • Introduction to Accounting
  • Introduction to Business
  • Introduction to Quantitative Methods
  • Professional Development
  • Accounting
  • Contemporary Topics in Business
  • Financial Management
  • Information Technology Management
  • International Business Management
  • International Competitive Policy
  • Macroeconomics
  • Management Communication
  • Managerial Economics
  • Marketing Management
  • Operations Management
  • Organizational Behavior
  • Quantitative Methods

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, 2 years. For students attending part time, the minimum is 1.5 years; maximum, 2 years.

There are 37 total full-time graduate business faculty, of whom 95% hold a doctorate; there are 12 part-time faculty, of whom 50% hold a doctorate. Faculty salaries are rated well above average for Category IIA institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 31.

Admissions

A bachelor’s degree is required, along with a GPA of 2.0 and a GMAT score of 500. Most important admissions factors are work experience, GMAT results, and a successful interview. A strong mathematics background is not required.

The number of applicants for the 2006-2007 class was 432; 231 were accepted; 89 enrolled. The average GPA was 3.2; average GMAT score was 647. Transfers are not accepted. Minority students are actively recruited by attending minority recruiting events, offering scholarships, and conducting a Diversity Symposium. Babock is a member of Management Leadership for Tomorrow.

Students may begin the MBA program in the fall only. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $75, 2 letters of recommendation, essays, and a resume. An interview is required. The application deadline is April 1 for fall entry. Students are notified of the admissions decision within 3 weeks of submitting a complete application. If applicants participate in Babcock’s Done in a day Program, they receive an admissions decision within 24 hours. The latest acceptable test date for fall entry is June.

Financial Aid

About 79% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $31,745 annually; maximum $53,500. Stipends and programs available for minority students include the Wachovia Scholars Program (full tuition plus stipend) and the Forte Foundation Scholars Program. The FAFSA and the previous year’s tax return are required. February 1 is the scholarship deadline.

Tuition for all students is $984 per credit, or $31,500 per year. Books and supplies cost approximately $1500; personal expenses, $13,780; and other fees, $150, for an estimated annual total of $46,930. Graduate student housing is available in several university houses for international students only. There is a referral service to help procure off-campus housing.

Students

Thirty-six percent of the current graduate business school class are enrolled full time; 95% have 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 are from the South (75%). Twenty-eight percent are women, 15% are minorities, and 10% are foreign nationals. The average age at entrance is 30; ages range from 21 to 54. Four percent enter directly from undergraduate school; 9% already have a graduate degree. Students’ undergraduate majors were as follows: 40%, business; 18%, engineering; 14%, social sciences; 11%, economics; 7%, liberal arts; 6%, math and science; and 4%, computer science and other. In 2006, 283 graduate business degrees were awarded.

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