The College of Business Administration offers the Master of Business Administration (MBA), Master of Accountancy (MAcc), Master of Arts in Economics (MAEcon), Master of Science in Applied Statistics (MS), and Master of Organization Development (MOD) as well as a joint degree in organization development (MBA/MOD). Other programs include cross-registration with the University of Toledo, work-study programs, internships, and foreign exchange with France. The strongest areas of study are organization development and finance. The most popular courses are Accounting, Organization Development, and Finance. Regular programs bring distinguished speakers and visiting professors to campus. A required series of professional development seminars features notable business and academic experts.
Thirty-six total credits are required to complete the MBA. Required courses include:
- Economic Analysis of the Firm
- Financial Accounting and Analysis
- Quantitative Analysis for Managers
- Information Technology for Managers
- Managerial Accounting
- Statistics for Managerial Decisions
- Operations Management
- Financial Management
- Marketing Management and Strategy
- Ethics and Law in Business
- Strategy Design and Implementation
- International Business and Management
- Leadership and Change
Depending on prior course work in accounting, economics, and operations research, students may be eligible to substitute electives for up to 4 foundation courses.
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 14 months; maximum, 6 years. For students attending part time, the minimum is 2 years; maximum, 6 years.
There are 63 total full-time graduate business faculty, all of whom hold a doctorate; there are 9 part-time faculty. Faculty salaries are rated well below average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 6; average business class size is 18.
A bachelor’s degree is required, along with a GPA of 2.7 and a GMAT score of 500. The formula for using the GPA and GMAT scores is (200 x undergraduate GPA) + GMAT, or minimum 1100. Most important admissions factors are academic accomplishments and ability, GMAT results, and work experience. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 135; 66 were accepted; 51 enrolled. The average GPA was 3.27; average GMAT score was 550. Transfers are accepted. Minority students are actively recruited by Project Search, which provides an array of opportunities and services.
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 $30, 2 letters of recommendation, a resume, and a statement of purpose and educational objectives. The application deadlines are June 1 for fall entry; October 1, spring; February 15, summer. Students are notified on a rolling basis of the admissions decision. The latest acceptable test date for fall entry is May 1. Once accepted, students may defer admission for up to 1 year with written notification by the applicant.
About 66% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships. Stipends and programs available for minority students include a number of scholarships and graduate assistantships. The FAFSA is required. Need-based financial aid is awarded on a first-applied, first awarded basis.
Tuition for in-state residents is $535 per credit, or $15,252 per year. Nonresidents pay $884 per credit, or $15,252 per year. On-campus room and board costs approximately $10,000; books and supplies, $1500; personal expenses, $3000; and other fees, $672 to $12,634, for an estimated annual total of $30,424 for in-state residents and $42,386 for out-of-state residents. There is a referral service to help procure off-campus housing.
Forty-two 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 Ohio (61%). Forty-four percent are women, 43% are minorities, and 27% are foreign nationals. The average age at entrance is 28; ages range from 22 to 48. Ten percent enter directly from undergraduate school; 9% already have a graduate degree. Students’ undergraduate majors were as follows: 56%, business; 15%, math and science; 10%, engineering; 3%, economics; 3%, liberal arts; and 3%, social sciences. About 4% of entering students leave by the end of the first year due to academic or personal reasons; 96% remain to receive their degree. In 2006, 75 graduate business degrees were awarded.