Business Administration (MBA)
[Program Overview] [Program Outcomes] [Curriculum] [Admission Criteria] [Application Requirements] [Transfer Credits] [Academic Standing] [Time to Completion] [Accreditation] [Faculty] [Contact Information]
The objective of the Master of Business Administration program is to provide quality graduate educational opportunities that enable graduates to manage successfully and ethically as a leader in complex and changing organizations within a highly diverse and global economy.
The MBA program is available in three formats: Regular classroom-based courses, web-enhanced courses where students meet every other week in the classroom with online work in between classes, and fully online courses. The flexibility and portability of the program allow the applicant to choose the preferred format or a mix of these formats, depending on individual preferences or circumstances.
Outcomes of the MBA include the ability to:
- think and reason strategically
- work effectively with people
- communicate effectively using multiple media
- think and reason effectively
- solve problems and make decisions using data and information
- function effectively in a global economy
- evaluate the ethical considerations related to business decisions
Prerequisite courses for admission to the MBA program are Financial Accounting, Statistics, Microeconomics and Macroeconomics. A letter grade of "C-" or above must be received in prerequisite courses. If some or all of these prerequisites have not been satisfied, the applicant may do so by taking one or more of the following:
- ECON 201 Macroeconomics (3 credits) and
- ECON 202 Microeconomics (3 credits) or
- ECON 611 Foundations of Economic Analysis (2 credits)
- DSCI 651 Managerial Statistics (4 credits) or
- STAT 201 Statistics (4 credits)
- ACCT 210 Financial Accounting (4 credits)
The MBA program is divided into three phases:
Phase I focuses on the functional disciplines of business and organizations and provides a solid grounding in the core theories, processes and skills needed by managers in today's rapidly-changing environment. Following are the Phase I courses:
- MGMT 600 Practical Research Methods for Managers (2 credits)
- ACCT 620 Management Accounting (4 credits)
- ECON 696 Managerial Economics and Strategy (2 credits)
- FIN 601 Financial Management (4 credits)
- MKTG 600 Marketing Management (4 credits)
- MGMT 620 Organizational Behavior (4 credits)
- MIS 600 Management Information Systems (4 credits)
- DSCI 681 Operations Management for Services and Manufacturing (4 credits)
Phase II consists of electives which students may choose to best meet individual career needs and interests. Electives may focus on one of several disciplines or include courses from different disciplines. The general MBA consists of 8 elective credits (total of 40 program credits). Alternatively, the student may elect an MBA with a concentration by choosing 12 course credits in a selected discipline concentration (total of 44 program credits).
Phase III of the MBA program is the synthesis and capstone phase. The course, MGMT 699 Management Strategy and Policy, calls for the student to integrate what has been learned in previous courses and life experiences to form a coherent picture of management and organizations. All Phase I courses must be completed in order to register for the capstone course.
A 44-credit MBA with a concentration is available. In addition to completing Phase I and Phase III courses described above, students can elect to complete 12 credits of elective courses in Phase II to obtain a concentration. Current concentration areas include Project Management, Management Information Systems, and Finance. A concentration can be declared at the time of application to the MBA program or after full admission. If the student declares after admission, a written statement requesting a concentration must be submitted to the College of Management Graduate Program Office. The student can declare up to two concentrations with advisor approval.
Project management is now one of the fastest growing career fields in business. Organizations are increasingly using projects as a means of achieving their strategic objectives. The required courses prepare students for the challenging field of project management by providing them with tools, skills and knowledge necessary to initiate, plan and implement projects successfully. The college also offers a graduate project management certificate.
Some of the major skills areas covered include:
- project planning, implementation and control using Microsoft Project;
- request for proposal formulation;
- Earned Value Analysis;
- computer-aided problem solving and decision-making methodologies;
- systematic approaches to risk identification, risk modeling, risk impact assessment, response planning and documentation;
- simulations using Microsoft Project, Crystal Ball and Excel;
- techniques in data mining and visual display of quantitative data;
- team building, negotiation and conflict resolution in projects; and
- project management organizational options.
Project Management Concentration Courses (12 credits)
- DSCI 620 Project Management (4 credits)
- DSCI 630 Project Risk Management (4 credits)
- DSCI 691 Models for Problem Solving (4 credits) or
- MIS 671 Problem Formulation, Data Presentation and Research Methods (4 credits)
Information technology (IT) has been at the forefront of productivity improvements in most organizations for the past 25 years, and will likely continue for the foreseeable future. Adding the MIS Concentration will better prepare a student to manage in any organization in which IT is a major force in the delivery of its goods and services. Metropolitan State is well known for the strength of its offerings in MIS. The approach of the MIS Concentration allows the student to meet the dual goals of a strong business degree with recognized special expertise in IT.
Some of the major skill areas covered in the MIS Concentration are:
- IT strategy and Internet strategy;
- electronic commerce;
- Enterprise Resource Planning (ERP);
- knowledge management;
- Customer Relationship Management (CRM);
- managing the IT function;
- project management;
- process analysis and design;
- technology management; and
MIS Concentration Courses (12 credits)
- MIS 600 Management Information Systems (4 credits) is required in the core MBA program and is a prerequisite for the MIS Concentration courses. Courses in the MIS Concentration include:
- MIS 671 Problem Formulation, Data Presentation and Research Methods (4 credits)
- MIS 683 Process Analysis and Design (2 credits)
- DSCI 620 Project Management (4 credits)
- MIS 673 Knowledge Management (2 credits) is recommended
All major decisions in corporations are influenced by financial analysis. The required Phase I finance course (Finance 601) presents models which are used for such decisions, but it does not go into the depth required for people who work professionally in finance. The Finance Concentration coursework is designed to prepare the student for professional work in the fields of corporate finance, investments, insurance and commercial banking.
Some of the major skill areas covered include:
- financial modeling;
- valuation of investment projects, instruments and firms;
- understanding financial markets;
- risk assessment and risk management; and
- cost of capital.
Finance Concentration Courses (12 credits)
The Finance Concentration in the MBA degree consists of three, 4-credit courses beyond FIN 601 Financial Management. Choose three of the following courses:
- FIN 550G International Finance (4 credits)
- FIN 560G Financial Markets and Institutions (4 credits)
- FIN 511G Investments and Portfolio Analysis (4 credits)
- FIN 595G Advanced Corporate Finance (4 credits)
- ACCT 515G Financial Statement Analysis (4 credits)
The College of Management Graduate Admissions Committee evaluates an application for evidence of undergraduate scholarship, professional experience and demonstrated aptitude for successful graduate business study. The applicant is required to take the official GMAT (www.mba.com) or the GMAT Alternative (read about the GMAT Alternative). The committee uses a formula of a weighted GPA x 200 + the total GMAT score; a minimum score of 1025 is required to be considered for admission. If all application requirements are met, the applicant may be a candidate for full admission to the program. If one or more prerequisite courses need to be completed and the application otherwise supports the conclusion that the applicant can successfully undertake graduate study, conditional admission to a program may be granted. As a conditionally-admitted student, all prerequisites must be completed prior to starting any graduate course work. A letter grade of C- or better is required for all prerequisite courses. Applicants denied admission may not take graduate level courses in any College of Management graduate program.
Reapplication for Denied Applicants
If an application for admission to the program is denied, the applicant may reapply for admission only after a minimum of six months has passed after the denial. The applicant will need to demonstrate a substantive difference in the reapplication to be considered for admission.
If an application to the program is denied, the applicant may apply for another College of Management graduate program. A new application form must be accompanied by the application fee, a new goals essay, updated resume, two new references and GMAT scores and/or assessment test scores appropriate to the degree for which the applicant is applying.
English and Quantitative Competence Assessment
All College of Management students, except those in special international cohort programs, are expected to demonstrate English and quantitative competence at a level to ensure success in graduate studies. Applicants whose abilities are assessed to be inadequate for graduate study may be required to enroll in appropriate undergraduate courses until their skills have been brought to a satisfactory level. These undergraduate courses must be successfully completed prior to taking any graduate level courses.
Once admitted to a College of Management graduate program, students are required to attend a graduate student orientation session before or during the first semester of course work. If the student does not attend an orientation session, a hold will be placed on that student's records preventing registration for further graduate classes until attending the orientation.
Applicants should allow 7-10 business days for review once all required application materials are received and sent to the College of Management Graduate Admissions Committee.
To be considered for admission, the following must be submitted:
- Graduate Application
- Non-refundable application fee (waived for graduates of Metropolitan State University)
- Official transcripts from all universities attended, including any graduate work
- Test scores
- Current resume
- Goals essay
- Two letters of reference from professional or academic sources
See Applying to the Program for details on the requirements, deadlines and International Student application requirements.
Once fully admitted, the student may transfer up to 16 credits into the program. A course is accepted in transfer from an accredited institution only if no degree was granted and a letter grade of B or better was earned in the course. Courses are accepted in transfer upon the approval of the Graduate Programs Director in consultation with discipline coordinators.
Students must remain in satisfactory academic standing to continue in a College of Management master's degree or graduate certificate program. Only courses for which they receive a letter grade of C (2.0) or better count toward degree or certificate requirements. The option of a competence/no competence with a narrative transcript is not available to College of Management graduate students. A cumulative grade point average (GPA) of 3.0 and passing grades (i.e., C or better) for all required courses included in any graduate or certificate programs are required for graduation. Academic standing is calculated at the end of each semester.
Students receiving a letter grade of C+ or below in any graduate course, or who have a cumulative GPA that drops below 3.0, will be placed on academic probation. They will be removed from academic probation when their cumulative GPA rises above 3.0 and they have repeated and passed any required courses for which they received an F.
Required courses for which a student receives an F must be repeated and passed in order to graduate. College of Management master���s and graduate certificate students may repeat courses if they receive a grade of C or C+, upon approval of the Graduate Studies Director. If a course is repeated once, only the higher grade is used in computing the grade point average. If a course is repeated a second time, the grade point average includes grades earned in both of the repeat attempts. No course may be taken more than three times.
Appeal of Removal from the Program Due to Unsatisfactory Academic Standing
Students who are removed from the program due to unsatisfactory academic standing may appeal their removal to the College of Management Dean. The appeal must be made in writing and provide specific grounds for the appeal. The appeal is due to the Dean within 30 days of the date of the letter notifying them of the decision to remove them from the program. The Dean has 30 days to respond in writing to the appeal. Appeals received after 30 days will not be considered.
Readmission after Dismissal
Students who have been dismissed from a graduate program may apply for readmission no sooner than one calendar year after the last semester of study. To reapply, they have to complete the same process that was required for their initial admission and they must meet all the requirements of the Program as of their time of readmission. Readmission decisions are made by the College of Management and are not automatic.
Time to Completion
Students have five years from the first semester of graduate study to complete their degree program requirements. An extension of the time limit may be requested by writing to the College of Management Graduate Programs Office. Such requests must be received prior to the expiration of the time limit. Requests for extensions should include the reason(s) for requesting the extension, a summary of the student's plan to finish graduation requirements, and a specific date for the extension to expire. Extension decisions are made by the College of Management Graduate Admissions Committee, are not automatic, and cannot be appealed.
Reactivating into the Program
If a student in good academic standing has not registered for courses for three or more consecutive semesters, that student must apply to reactivate into the degree program. To reactivate, the student must submit an updated resume and a letter to the College of Management Graduate Admissions Committee expressing a desire to reactivate into the program. The Admissions Committee reviews the request and responds in writing, specifying degree completion requirements and deadline for completion. The student may be required to satisfy degree requirements in force at the time of reactivation, even if those requirements differ from those in force at the time of original admission to the degree program. Reactivation decisions are made by the College of Management Graduate Admissions Committee and are not automatic.
College of Management Outstanding Student Award
During the final semester of course work, a student may be nominated by the faculty for the College of Management Outstanding Student Award. Nominees are evaluated on the basis of their academic performance in their graduate degree program, as well as achievements in their community and professional contributions. All finalists are recognized in the commencement program, and the outstanding student receives special recognition during commencement. The outstanding student's name will be placed on a permanent plaque in the College of Management.
Metropolitan State University is accredited by the Higher Learning Commission and a member of the North Central Association of Colleges and Schools.
Higher Learning Commission
30 North LaSalle Street, Suite 2400
Chicago, IL 60602-2504
The College of Management, while not accredited by the Association to Advance Collegiate Schools of Business (AACSB), is a member of the AACSB and ascribes to its curriculum guidelines. The Minnesota Society of Certified Public Accountants (MNCPA) has selected Metropolitan State to deliver the College of Management MBA program to its members.
Resident faculty members are primarily:
- Holders of doctoral degrees in their fields
- Authors of applied and refereed publications
- Experienced in their academic fields.
Additionally, the College of Management has a strong community faculty who are fully committed to educational excellence. All community faculty have graduate degrees, either a master's or a doctorate, as well as business expertise in their fields. The College of Management assures the quality of its community faculty through a careful selection process, extensive training through our own Teaching Academy, and regular student evaluations.
1300 Harmon Place
Minneapolis, MN 55403
|Mailing Address |
College of Management
Graduate Programs Office
Metropolitan State University
1501 Hennepin Ave
Minneapolis, MN 55403