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Albers School of Business and Economics

Academics

The Albers School offers the Master of Business Administration (MBA), Master of Science in Finance (MSF), Master of International Business (MIB), and Master of Professional Accounting (MPAc) as well as a joint degree in business and law (JD/MBA, JD/MIB, and JD/MSF). Other programs include a 3-2 degree with the undergraduate business program, cross-registration with the university’s School of Law, work-study, credit and noncredit internships, certificate programs in post-MBA studies, and international study tours. A formal MBA Mentorship Program involving senior executives from the business community is available to all graduate students. The strongest areas of study are accounting, finance, management, and economics. The most popular courses are management and finance electives.

Fifty-five total credits are required to complete the MBA, including 24 elective credits. Required courses include:

  • Legal and Regulatory Environment
  • Domestic and Global Economics
  • Financial Management
  • Marketing Management
  • Legal and Regulatory Environment
  • Management of People
  • Operations Management
  • Business Ethics and Social Responsibility or
  • International Ethics/Cultural Issues
  • Management of Information Technology

Required courses for the MSF include:

  • Cases in Managerial Finance
  • Business Ethics and Social Responsibility
  • Corporate Financial Management
  • Investments
  • Applied Econometrics
  • Valuation of Derivatives
  • Cases in Managerial Finance
  • Financial Institutions and Markets
  • Corporate Investment Decisions
  • Portfolio Management
  • Investments and Portfolio Theory
  • Advanced Financial Theory
  • Economics of Integrative Markets
  • Finance for International Business
  • Financial Institutions and Markets or
  • Financial Management

Required courses for the MIB include:

  • Financial Management
  • Marketing Management
  • Leadership Skills and Team Development
  • Integrated Enterprise Management
  • International Ethical and Cultural Issues
  • Economics of Integrative Markets
  • Finance for International Business
  • International Management
  • International Economics
  • International Law and Business
  • Topics in International Marketing
  • International Business Policy

Students may eliminate or substitute requirements through previous course work. For MBA students, the 6 foundation courses may be waived. MSF, MPA, and MIB students may have prerequisite area courses waived.

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 1 year; maximum, 6 years. For students attending part time, the minimum is 2 years; maximum, 6 years.

In a recent year, there were 47 total full-time graduate business faculty, of whom 91% held a doctorate; there were 7 part-time faculty, of whom 43% held 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 7; average business class size is 22.

Admissions

A bachelor’s degree is required, along with a GPA of 3.00 and a GMAT score of 500. Most important admissions factors are academic accomplishments and ability, GMAT results, and work experience. A strong mathematics background is not required.

Transfers are accepted.

Students may begin the MBA program in the fall, winter, spring, and summer. To apply, students must submit an application form, a transcript, GMAT scores, and a resume. Students are notified as soon as the application is processed of the admissions decision. Once accepted, students may defer admission for up to 1 year. Check with the school for current application deadlines and fee.

Financial Aid

The FAFSA is required. Check with the school for current application deadlines.

Tuition for all students is approximately $550 per credit. On-campus room and board costs approximately $6630; books and supplies, $1030; personal expenses, $3500, for an estimated annual total of $26,290. Graduate student housing consists of dormitory accommodations; there is limited space on graduate floors. There is a referral service to help procure off-campus housing.

Students

Twenty-two percent of the current graduate business school class are enrolled full time; all have had an average of 8 of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from Washington (91%). Thirty-nine percent are women, 14% are minorities, and 12% are foreign nationals. The average age at entrance is 30; ages range from 20 to 56. Twelve percent already have a graduate degree. Students’ undergraduate majors were as follows: 40%, business; 13%, engineering; 13%, math and science; 10%, economics; 9%, liberal arts; and 8%, social sciences.

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