Program Description
Students are required to complete courses in each of the traditionally
defined functional areas of business (accounting, finance, human
resources, marketing, and operations) as well as the related areas
of economics; business, government, and ethics; and statistics and
data analysis. A capstone Business Policy/Strategy course and cross-functional
modules require integration of learning from the other courses.
Overall, the program provides an opportunity for participants to
develop the planning, problem-solving, and behavioral skills and
analytical tools necessary to succeed in the rapidly evolving global
marketplace.
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Program
Curriculum
The M.B.A. requires completion of a MINIMUM OF 32 SEMESTER CREDITS
of graduate work as outlined below. All students complete a minimum
of 32 semester credits - the same 9 core and required support area
courses for a total of 24 semester credits and 2 additional credits
from cross-functional offerings. Students must also complete a minimum
of 6 elective credits to be selected from 4000-, 5000-, 6000-, or
8000-level courses, with approval of the M.B.A. Director.
| Number |
Course Title |
Credits |
Required Core Courses
(18 credits - 6 courses, 3 credits each) |
| MBA 8501 |
Management Accounting |
3 |
| MBA 8311 |
Operations Management |
3 |
| MBA 8611 |
Financial Management |
3 |
| MBA 8711 |
Marketing Management |
3 |
| MBA 8811 |
Human Resource Challenges |
3 |
| MBA 8411 |
Policy Formulation and Implementation |
3* |
| *Integrative "capstone" course to be
completed after all other core courses are completed |
| |
Required Support Area Modules
(6 credits - 3 courses, 2 credits each |
| MBA 8512 |
Managerial Economics |
2 |
| MBA 8211 |
Data Analysis and Statistics for Managers |
2 |
| MBA 8111 |
Business, Government, and Society |
2 |
| |
Required Cross-Functional Experience
(2 credits - minimum) |
| MBA 8991 |
Independent Study |
1-3 |
| MBA 8995 |
Special Topics |
1-3 |
| MBA 8998 |
Workshop |
1-3 |
| MBA 8999 |
Projects |
1-3 |
| Elective Courses (6 credits - minimum) |
| 4000-, 5000-, 6000-, or 8000-level elective
courses (must be approved by M.B.A. Director)
May include credits from MBA 8995, 8998, or 8999 beyond the
2 credits required above |
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Delivery
Format
The class meeting format will be similar to that used in most of the
Executive M.B.A. (E.M.B.A.) programs currently being offered throughout
the country. Class meetings will be scheduled for Friday afternoon
and evening and Saturday morning, every other week. For a calendar
of classes, check the U of
M Rochester schedule.
3-Credit Courses (2,350 minutes):
Classes meet for four weekends
FRIDAYS - 3:00 to 9:00 pm (half-hour for dinner)
SATURDAYS - 8:00 am to 12:30 pm
2-Credit Courses (1,575
minutes):
Classes meet for three weekends
FRIDAYS - 3:00 to 8:00 pm (half-hour for dinner)
SATURDAYS - 8:00 am to 12:15 pm
1-Credit Courses (780 minutes):
Classes meet for two weekends
FRIDAYS - 3:00 to 6:30 pm (no dinner)
SATURDAYS - 9:00 am to 12:00 noon
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Degree
Completion
Students entering the program have up to seven years (from the
date of admission) to complete the degree. Typically, the degree
can be completed in three years if students register for and complete
two or three courses granting a total of 4-6 credits each semester.
Students can complete the program in less time depending on their
prior graduate-level educational experience.
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Accreditation
and Degree
The program is fully accredited by A.A.C.S.B. International - The
Association to Advance Collegiate Schools of Business; and the M.B.A.
degree earned from this program is granted by the University of
Minnesota Graduate School which is recognized worldwide.
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Admission
Information
M.B.A. applicants must be admitted to the University of Minnesota
Graduate School prior to enrolling in M.B.A. courses. To be admitted,
applicants must present evidence of having:
- Earned a bachelor’s degree or its equivalent from a regionally
accredited college or university, and
- Achieved satisfactory performance on one of the following general
predictors of readiness for graduate work:
- Completion of a graduate degree from a regionally or nationally
accredited college or university
- The Graduate Management Admission Test (GMAT) – within
the past 5 years
- Passing of the Certified Professional Accountant (CPA)
exam
Generally, the criteria for admission to the M.B.A. program are:
- An overall or final two-year undergraduate GPA or graduate
degree GPA of at least 3.0 (on a 4-point scale)
- An overall and analytical writing analysis GMAT score at the
50th percentile or above (approximately 530-540) and a score at
the 25th percentile or above on the verbal and quantitative sections
of the GMAT within the past 5 years
- For international students, a TOEFL score of at least 79 on the Internet-based TOEFL with section scores of 21 on writing and 19 on reading (213 on the computer-based TOEFL, 550 on the paper based TOEFL).
Performances on the above criteria, as well as the number of years
of full-time work experience, professional goals, and completion
of formal education in foundation areas, are considered and balanced
as part of the admission decision. Strong credentials in other areas
may balance failure to meet preferred levels in one specific area.
Additional information and forms may be obtained at http://www.d.umn.edu/grad/adm_app.htm
or from Maria Brown, University of Minnesota Rochester, at 507-529-2707
or by e-mail at brow2785@umn.edu.
Learn more about the Graduate
School.
Deadlines
Students may be admitted and begin M.B.A. classes at the start of
each semester, in early September or mid-January, or at the start
of summer session in May/June. A completed application form, official
transcripts from all institutions attended, GMAT score, and other
materials (e.g., TOEFL scores for international students, certification
verifications, etc.) must be received by:
- July 15 – For the September start of fall semester
- November 1 – For the January start of spring semester
- May 1 – For the start of summer session
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Graduate
Management Admission Test (GMAT)
Applicants who have not already earned a graduate degree, passed
the CPA exam, or completed the GRE exam for another program, should
complete the GMAT rather than the GRE prior to applying for admission
to the M.B.A. program. Generally, GMAT scores are considered to
be valid for a period of five years after completion of the
test. The GMAT measures general verbal, quantitative, and analytical
writing skills that are developed over a long period of time. It
is designed to help graduate schools of business assess the qualifications
of applicants for advanced study in business and management. Starting
in fall 1997, the GMAT was converted to a computer-adaptive test,
which means those completing it must do so using a computer at designated
test centers. Additional information about the GMAT is available
at any of the following web sites:
GMAT preparation courses are periodically available from the University of Minnesota. For more information about the course and registration, see www.cce.umn.edu/testprep/gmat.
Information and directions for registering to take the GMAT are
provided at the first web site (GMAC/GMAT) listed above. The GMAT test is available in Rochester at the Pearson Official Testing Center located at 1544 Greenview Drive S.W., Rochester, MN. Registration must be completed online at http://www.gmac.com/gmac/thegmat or by phone at 1-800-717-GMAT. To ensure scores arrive by application deadlines, the GMAT should be scheduled and completed at least two weeks prior to the deadline dates.
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Foundation
Coursework
Before being admitted to or beginning coursework, applicants must
provide evidence of an acceptable level of competency in mathematics,
statistics, and computer applications and have completed coursework
or other systematic educational experiences in the foundation areas
listed below (#3-7 normally must be at the junior/senior, upper division
level).
General Competency Areas:
- Mathematics (through finite math and calculus short course)
- Statistics (probability and sampling, hypothesis testing, analysis
of variance, regression)
- Computer Applications (word processing, spreadsheet, database
proficiency)
Foundation Areas in Accounting, Economics, and Business:
- Accounting – minimum of one semester of financial accounting
or equivalent
- Economics – introductory micro/macroeconomic courses or
equivalent
The following are generally completed as junior/senior
or upper division courses:
- Finance – upper division intro/principles/fundamentals
of corporate finance course or equivalent
- Human Resources Management – intro/principles/fundamentals
course or equivalent
- Management – intro/principles/fundamentals of management
- Marketing – intro/principles/fundamentals or equivalent
- Production and Operations Management – intro/principles/fundamentals
course or equivalent
For those in the Rochester area, the foundation work can be completed
through Rochester Community and Technical College (math, stats,
computer applications, accounting, economics) or Winona State University.
Courses may also be completed through online or distance programs,
including University of Minnesota Independent and Distance Learning
(IDL) courses. U of M IDL course and registration information is
found at http://www.cce.umn.edu/idl.
To be certain you are registering for and completing the appropriate
course to satisfy the prerequisite requirement, it is best to check
with the M.B.A. Program Director prior to enrollment. The number
of prerequisite or foundation courses to be completed will vary
depending upon applicants’ previous educational experience.
The Certificate
Program in Applied Business Functions is a new program for students
without an undergraduate education in business or related disciplines
to help prepare you for graduate studies.
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Program
Faculty
The UMD School of Business and Economics (S.B.E.) currently employs
a total of 38 full-time faculty members; 33 of them possess Ph.D.
degrees in the areas in which they teach. All of the SBE faculty
members who teach in the M.B.A. program have Ph.D. degrees and are
identified as being productive in the area of "intellectual
contributions" (research), as required for AACSB accreditation.
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Program
Cost
Estimated costs for 2008-2009 (effective Fall 2008):
Tuition: $961 per credit
Special Fees and Books: $75 per credit
Program Total: $31,000 - $32,500
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Program
Facts
History
Spring Semester 2002, the University of Minnesota Duluth (UMD) School
of Business and Economics began offering a fully accredited M.B.A.
at the University of Minnesota Rochester.
The UMD M.B.A. program was started in 1976 to provide an opportunity
for currently employed individuals in the Duluth-Superior area,
northeastern Minnesota, and northwestern Wisconsin to complete a
graduate degree in management. The program was designed and is offered
to serve the needs of practitioners; thus, the curriculum emphasizes
the practical application of theory in organizations.
Students enrolled
in courses in the Rochester program meet every other weekend (Fridays 3:00 to 9:00 pm / Saturdays 8:00 am to 12:30 pm). A three-credit course is completed in four weekend sessions, or eight weeks. Courses are offered consecutively in progression throughout fall, spring, and summer semesters. Coursework can be completed as quickly as two years, or matriculated in up to seven years.
The Duluth M.B.A. program graduated its first six students
in 1978. As of May 2001, the program had a total of approximately
275 graduates. Rochester has graduated approximately 70 students since 2002.
Student Satisfaction
The M.B.A. uses a systematic process to assess its graduates' level
of satisfaction with the program and uses alumni feedback to continuously
improve program quality. Some of the findings from recent surveys
indicate that:
- Graduates report being strongly satisfied with the advisement,
guidance, and quality of instruction received from M.B.A. faculty
members.
- 86% of graduates feel the M.B.A. program had a favorable impact
on their careers.
- 98% of graduates feel they gained personal benefit from their
M.B.A. program experience.
- All graduates indicated being "very satisfied" or
"satisfied" with the UMD M.B.A. program.
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Contact
Information
Maria Brown, M.B.A.
Program Director
University of Minnesota Rochester
111 South Broadway
Rochester, MN 55904
Telephone: 507-529-2707 or 1-800-947-0117
E-mail: brow2785@umn.edu
Fax: 507-280-2820
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