The MBA Program provides students with a broad knowledge base in the area of business and management which will prepare them for mid- and upper-level positions in both the private and public sectors, including the manufacturing, service, financial, institutional, and government fields. The MBA Program offers a challenging and practical orientation to the complexities of modern business management and to the tools necessary for business decision-making. It consists of curricular studies of 33 credit hours in the Business Core and Elective Curriculum.

Admission to the MBA Program

The MBA Program is open to applicants who hold a bachelor’s degree from a regionally-accredited college/university or recognized international institution. Each application is evaluated on the basis of:  (1) transcripts of all prior undergraduate and graduate coursework; (2) performance on the Graduate Management Admissions Test (GMAT) or Graduate Records Exam (GRE); (3) a statement of career goals and objectives; (4) two letters of recommendation; and (5) curriculum vitae (C.V.) and any other evidence that can help the committee assess the applicant’s qualifications. International applicants are required to submit a minimum Test of English as a Foreign Language (TOEFL) score of 550 on the paper-based test (or, equivalently, 213 on the computer-based test, or 79 on the internet-based test). A minimum score of 6.5 on International English Language Testing System (IELTS) is also acceptable in lieu of TOEFL. All transcripts from foreign countries must be professionally evaluated on a course-by-course basis by Educational Credential Evaluators (ECE) or World Education Services (WES).

The MBA program requires an undergraduate cumulative GPA of at least 2.75 (on a 4.0 scale) and a GMAT score of at least 450 or an equivalent GRE score computed using the published GRE conversion table (generally, 149 on each part of GRE is equivalent to 450 on GMAT).

Minimum competency in Mathematics (i.e., Finite Mathematics, Business Calculus, or their equivalent) will be expected before entry into the program. Those who have not acquired appropriate mathematical skills as part of their undergraduate programs may be required by the Graduate Program Coordinator to take appropriate remedial course(s).

Admission to provisional status:

Applicants may be admitted to provisional status if their GPA or GMAT/GRE score is slightly lower than the minimum requirement as specified above, provided that the composite index score calculated following the formula below is greater than or equal to 1,000.

Composite index score = (GPA x 200) + GMAT score (or equivalent GMAT score in the case of GRE)

Each applicant admitted to provisional status is required to obtain a letter grade of B or A in all courses in the first 9 credit hours.

Exceptions policy for GMAT/GRE:

An applicant may request a GMAT/GRE waiver during the application process, if one of the following three conditions is satisfied.

  1. An advanced degree (e.g., masters or higher) from a U.S. regionally-accredited institution with a GPA of 3.5 or higher;
  2. A combination of an undergraduate GPA of 3.25 or higher from a U.S. regionally-accredited institution, at least five years of management experience, and at least 7 years of working experiences in total;
  3. A combination of an undergraduate GPA of 3.25 or higher from a U.S. regionally-accredited institution, and active (or current) certification of ongoing continuing education (i.e., CPA, CMA, CIA, PHR, SPHR)).

If, upon review by the Admissions Committee, the applicant is considered admissible without a GMAT/GRE score, then the GMAT/GRE requirement will be waived. An applicant may also request personal interview. Note: A GMAT preparation course is available through the Office of Continuing and Professional Education (CAPE).

Course Scheduling

All graduate courses being offered are scheduled on the evenings of workdays most of the time and on Saturday occasionally. The College of Business and Management makes an effort to schedule the graduate courses by following a predictable pattern. Students are cautioned to make course choices carefully and plan well in advance so that program completion will not be delayed.

Additional information for the MBA Program can be found on the website of the College of Business and Management.

MBA Program Requirements

Cores and Capstone --- 24 cr.

All MBA students are required to finish the following EIGHT courses.

ABF-403Mngt of Info Systems & Tchnlgy3
ACTG-402Managerial Accounting3
FINA-402Issues In Corporate Finance3
MKTG-402Marketing Management3
MNGT-402Applied Business Research3
MNGT-403Leadership And Organizational Behavior3
MNGT-404Productions And Operations Management3
MNGT-502Business Policy And Strategy3
Total Hours24

Electives --- 9 cr.

Each MBA student is required to take THREE elective courses from the list below. 

ACTG-406Governmental & Not-For-Profit Accounting3
ACTG-407Auditing Theory And Practice3
ACTG-408Information Technology Auditing3
ACTG-409Forensic And Investigative Accounting3
ACTG-412Accounting For Planning And Control3
ACTG-421Current Topics In Financial Accounting3
ACTG-422Financial Statement Analysis3
ACTG-430Research Methodology In Accounting3
ACTG-440Tax Research And Procedure3
ACTG-441Estate, Gift And Trust Taxation3
ACTG-451Accounting Information Systems3
ACTG-480Issues In International Accounting And Multinational Business Operations3
BLAW-410International Business Law3
FINA-460Financial Management3
FINA-462Investment Strategies3
FINA-469Mergers And Acquisitions3
FINA-470Corporate Financial Strategy3
FINA-471International Financial Management3
FINA-474Seminar On Futures And Options Markets3
FINA-475Management Of Financial Institutions3
MNGT-474Human Resources Policy And Decision Making3
MNGT-481International Management3
MNGT-487Strategy And Organization3
MNGT-489Management Of Organizational Change3
MNGT-490Innovation And Creativity3
MNGT-498International Business3
MKTG-451Consumer Behavior And Marketing Action3
MKTG-453Marketing Research - Techniques And Applications3
MKTG-456Channel Distribution And Retailing3
MKTG-458Global Marketing3
MKTG-461Services Marketing Management3

Managerial Competencies

Prior to enrolling in MBA cores and/or electives, students must demonstrate certain managerial competencies. This requirement can be fulfilled by completing, with an average GPA of 3.0 or higher, four graduate-level courses given below:

  • COBM 401 Accounting for Managers
  • COBM 402 Business Economics and Finance for Managers
  • COBM 403 Topics in Management and Marketing
  • COBM 404 Business Statistics and Operations Decisions for Managers

The managerial competencies can also be satisfied by having successfully completed equivalent coursework from a regionally-accredited institution. For example, the corresponding conversion table for NEIU undergraduate coursework is given below.

Graduate-Level Courses Prior Coursework at Undergraduate Level
COBM-401 Accounting for Managers ACTG-201 and ACTG-202
COBM-402 Business Economics and Finance for Managers FINA-360 and ECON-215
COBM-403 Topics in Management and Marketing MNGT-370 and MKTG-350
COBM-404 Business Statistics and Operations Decisions for Managers MNGT-368 and MNGT-377