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Max M. Fisher College of Business

Academics

The Fisher College offers the Master of Business Administration (Full Time MBA, Part Time MBA, Executive MBA), Master in Labor and Human Resources (MLHR), Master of Accounting (MAcc), and Master of Business Logistics Engineering (MBLE) as well as doctoral programs in organizational behavior, real estate, strategic management, MIS, operations management, logistics, management science, insurance and risk, decision science, marketing, finance, accounting, labor and human resources, international business, and others, and joint degrees in law, healthcare administration, medicine and pharmacy. Other programs include a 3-2 degree, work-study, foreign exchange with 25 countries, and summer and international internships. The strongest areas of study are finance, marketing, operations and logistics, and accounting. The most popular courses are finance, operations and logistics, strategy, negotiations, and marketing (MBA). Regular programs bring distinguished speakers and visiting professors to campus. A Leadership and Professional Development Program brings in distinguished speakers and informational programs regularly. There is a different leadership or career-related theme each quarter. An Executive Luncheon Program allows small groups of students to dine informally with executives, Distinguished International Speaker Series brings in prominet international speakers twice quarterly. Departmental seminars bring in visting faculty regularly. Special programs run by the college centers and the Alumni Office usually allocate spaces for students to facilitate networking with executives and alumni.

Ninety-eight total credits are required to complete the MBA, including 56 elective credits. Required courses include:

  • Financial Accounting and Reporting
  • Enhancing Professional Interchange
  • Organizational Behavior and Teamwork
  • Managerial Economics
  • Data Analysis for Managers
  • Managerial Accounting
  • Financial Management
  • Marketing Management
  • Decision Modeling
  • Operations Management
  • The Global Macroeconomy
  • The Legal Environment of Business
  • Strategy Formulation and Implementation

Required courses for the MLHR include:

  • Conceptual and Historical Foundations of Labor and HR
  • Staffing the Organization
  • Compensation Theory and Practice
  • Training and Development of Human Resources
  • Organizational Behavior
  • Organization Development and Change
  • HR Negotiations
  • Statistical Analysis of Labor and HR Management
  • HR Research Methods
  • Human Resoruce Information Systems
  • Labor Law and Diversity
  • Human Resources and Business Functions
  • Economics and the Employment Relationship
  • Contemporary Employment Practices and the Law

Required courses for the MAcc include:

  • Foundations of Accounting
  • Professional Research in Accounting
  • Corporate Information Systems Management

Required courses for the MBLE include:

  • Logistics Management
  • Analysis and Design of Logistics Systems
  • Logistics Decision Making
  • Principles of Transportation
  • Logistics Software and Technology
  • Mathematical Programming
  • Introduction to Discrete System Simulation
  • Operations Research Models and Mehods
  • Warehouse and Facility Design

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 2 years; maximum, 5 years.

There are 106 total full-time graduate business faculty, of whom 93% hold a doctorate; there are 20 part-time faculty, of whom 5% hold a doctorate. Faculty salaries are rated above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 35.

Admissions

A bachelor’s degree is required, along with a GPA of 3.0. Most important admissions factors are management potential, GMAT results, and academic accomplishments and ability. A strong mathematics background is not required.

The number of applicants for the 2006-2007 class was 741; 405 were accepted; 262 enrolled. The average GPA was 3.44; average GMAT score was 637. Transfers are not accepted. Minority students are actively recruited by participating in a 3-day Graduate and Professional School Visitation Day, which brings minority students to campus for information and a tour. The college recruits at historically black colleges and offers a variety of financial aid programs. Additionally, the college hosts all admitted minority students for a weekend prior to April 15 and funds two minority assistants in these recruiting efforts.

Students may begin the MBA program in the fall only. To apply, students must submit an application form, 2 transcripts, GMAT scores, GRE (for MLHR degree), a nonrefundable application fee of $60, 3 letters of recommendation, 3 essay questions, and a resume. The application deadline is January 15 for fall entry. Students are notified of the admissions decision beginning in January, within 1 month of receiving a completed application. Check with the college for the current acceptable test date. Once accepted, students may defer admission. Applications can be updated for 1 year without resubmission of application materials; however, another application fee is required.

Financial Aid

About 23% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total maximum of $26,000. Stipends and programs available for minority students include a 1-year enrichment fellowship available through the college, a full tuition waiver, and a monthly stipend. The FAFSA and the school’s own financial statement are required. The application deadline is April 30 (recommended) for fall entry.

Tuition for in-state residents is $18,696 per year. Nonresidents pay $32,049 per year. On-campus room and board costs approximately $7674; books and supplies, $2586; personal expenses, $4752; and other fees, $783, for an estimated annual total of $34,491 for in-state residents and $47,844 for out-of-state residents. Graduate student housing includes a university graduate student dormitory, a university married student housing complex, and a newly built graduate business student housing complex. Numerous options for private housing exit as well. There is a referral service to help procure off-campus housing.

Students

Fifty-four percent of the current graduate business school class are enrolled full time; 84% have had an average of 5 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 (59%). Twenty-eight percent are women, 18% are minorities, and 25% are foreign nationals. The average age at entrance is 28; ages range from 21 to 43. Eighteen percent enter directly from undergraduate school; 12% already have a graduate degree. Students’ undergraduate majors were as follows: 43%, business; 16%, math and science; 15%, engineering; 9%, liberal arts; 9%, social sciences; and 7%, economics. About 2% of entering students leave by the end of the first year due to academic or personal reasons; 98% remain to receive their degree. In 2006, 395 graduate business degrees were awarded.

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