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.
- An advanced degree (e.g., masters or higher) from a U.S. regionally-accredited institution with a GPA of 3.5 or higher;
- 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;
- 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 Community and Professional Education (CAPE).
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-403||Mngt of Info Systems & Tchnlgy||3|
|FINA-402||Issues In Corporate Finance||3|
|MNGT-402||Applied Business Research||3|
|MNGT-403||Leadership And Organizational Behavior||3|
|MNGT-502||Business Policy And Strategy||3|
Electives --- 9 cr.
Each MBA student is required to take THREE elective courses from the list below.
|ACTG-406||Governmental & Not-For-Profit Accounting||3|
|ACTG-407||Auditing Theory And Practice||3|
|ACTG-408||Information Technology Auditing||3|
|ACTG-409||Forensic And Investigative Accounting||3|
|ACTG-412||Accounting For Planning And Control||3|
|ACTG-421||Current Topics In Financial Accounting||3|
|ACTG-422||Financial Statement Analysis||3|
|ACTG-430||Research Methodology In Accounting||3|
|ACTG-440||Tax Research And Procedure||3|
|ACTG-441||Estate, Gift And Trust Taxation||3|
|ACTG-451||Accounting Information Systems||3|
|ACTG-480||Issues In International Accounting And Multinational Business Operations||3|
|BLAW-410||International Business Law||3|
|FINA-469||Mergers And Acquisitions||3|
|FINA-470||Corporate Financial Strategy||3|
|FINA-471||International Financial Management||3|
|FINA-474||Seminar On Futures And Options Markets||3|
|FINA-475||Management Of Financial Institutions||3|
|MNGT-474||Human Resources Policy And Decision Making||3|
|MNGT-487||Strategy And Organization||3|
|MNGT-489||Management Of Organizational Change||3|
|MNGT-490||Innovation And Creativity||3|
|MKTG-451||Consumer Behavior And Marketing Action||3|
|MKTG-453||Marketing Research - Techniques And Applications||3|
|MKTG-456||Channel Distribution And Retailing||3|
|MKTG-461||Services Marketing Management||3|
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|