School of Business and Economics
Web site: www.iun.edu/~busnw
Telephone: (219) 980-6644
Anna S. Rominger, J.D., Dean
Cuthbert L. Scott III, Ph.D., Associate Dean, Associate Professor of Business Administration
William B. Nelson, Ph.D., Assistant Dean, Associate Professor of Finance
John A. Gibson, M.B.A., Director of Undergraduate and Graduate Programs
Helen Marie Harmon, M.A.L.S., Assistant to the Director
Master of Business Administration
The M.B.A. program consists of 15 credit hours in foundation courses and 30 credit hours in core classes, for a total of 45 credit hours. It is a fast-track program designed for individuals who work full time and want to pursue their graduate degree on a part-time basis. Students with an undergraduate degree in business may qualify to enter directly into the 30 credit hour M.B.A. core that can be finished on a part- time basis in 20 months. Students will attend classes two nights per week to finish in the 20 month period.
Students with an undergraduate degree in a field other than business can complete the program in anywhere from 24 to 33 months, depending on how many foundation courses they need. Foundation courses may be waived based upon prior undergraduate course work. Waivers are subject to the age of the course work, undergraduate school, and grades.
The M.B.A. degree program prepares the qualified candidate for a professional career in business management. Thus, it provides broad, high-level graduate education for persons who demonstrate potential for assuming responsible business leadership in a dynamic environment.
The program is designed to accommodate adults who are employed in positions of responsibility and who intend to pursue graduate education concurrently with their employment. Most candidates enter the M.B.A. program because either their present or their future position requires increased managerial competence.
The program, therefore, is keyed to the needs of the employed adult candidate. The candidate's work experience is considered an integral part of the total educational experience and is pursued simultaneously with the course work on which the program is built. Candidates typically enroll in 6 credit hours of course work per semester.
Post-baccalaureate Certificate in Accounting
In 1974 the School of Business and Economics instituted a unique program for adults desiring to secure training for a career in the expanding field of accounting. It is geared for mature students whose positions or occupations lack opportunity or challenge or whose talents are being underutilized. The program is open to anyone holding a bachelor's degree from an accredited college or university. Students will receive instruction in the major areas of accounting and selected courses in the basic business core.
The complete range of counseling and placement services of the school is available to certificate students. (Consult the MIN Undergraduate Bulletin for details )
Services and Facilities
Guidance and Counseling Services
Students in the School of Business and Economics are responsible for planning their own programs and for meeting degree requirements. It is their responsibility to understand fully and to comply with all the provisions of this bulletin.
An important portion of total faculty time is devoted to assisting students in making proper program and career choices. Students may, in addition, turn to a member of the faculty specializing in the curricular area in which they are taking course work or contemplating study. They may obtain additional counseling from the Office of Counseling and Student Records.
The director is available to meet any graduate student and serves as the student's primary advisor. The office maintains a complete record of each student's accomplishments and progress to aid students in reaching their goals most effectively.
Scholarships and Awards
Students in the School of Business and Economics are eligible for private scholarships and loans. A limited number of graduate assistantships are also available. Applications should be submitted to the graduate director.
Master of Business Administration
The School of Business and Economics initiated graduate education in business with the establishment of the M.S.B.A. degree in 1969 and succeeded it in 1988 with the M.B.A. The program is for individuals who are employed in positions of responsibility within the business community and who are pursuing a graduate education concurrently with their employment. To serve these students, all graduate courses are offered in the evening. From its inception, the program has enjoyed a broad base of support and participation from the Northwestern Indiana business community.
The M.B.A. program focuses on teamwork and leadership and provides a professional education in business for students who possess the baccalaureate degree in any discipline. For most students, the M.B.A. is a terminal professional degree designed to enhance their performance in present and future managerial positions. Increasingly, individuals employed in non-business fields have used the M.B.A. program to broaden their academic training and enhance their prospects for a career in business.
The general program objectives are (1) to further the initiative and creativity of each candidate and thereby develop the individual's potentialities to the highest level and (2) to enhance the candidate's mobility within the corporate environment.
Specific program objectives:
- To provide a broad foundation in both the theory and tools required for modern managerial decision making.
- To develop within the student a better understanding of business and the environment in which managerial decisions are operational.
- To enhance the student's communication skills, both written and oral.
- To create an awareness of and to provide the background for analyzing and controlling the complex interrelationships in administrative policy decisions.
- To afford the student an opportunity to develop in- depth knowledge in subject matter beyond the minimum level of competence.
The M.B.A. curriculum is designed to train an individual as a professional manager who can use the insights and information from the core areas in decision making. All students are required to take at least two elective courses.
The M.B.A. program requires 45 credit hours of course work for the candidate having no applicable waivers. A minimum of 30 credit hours is required of students who receive waivers from all the foundation classes. This program can be subject to change by the faculty of the School of Business and Economics.
Prior to enrolling in graduate courses in the M.B.A. program, students should meet minimum proficiencies in math and computer skills. Students should have a minimum of a college-level finite mathematics class. The Indiana University course equivalent is MATH M118 Finite Mathematics. Students are also expected to be proficient in Microsoft Word, Excel, Access, and PowerPoint. Candidates who are deficient in any of these areas should speak with the director of Undergraduate and Graduate Programs to review the different options available to them to satisfy the prerequisites.
Students must complete all the foundation courses before taking core classes. Some core classes also have specific course prerequisites. They will be stated in the schedule of classes.
Proper enrollment is the individual responsibility of each student. The School of Business and Economics may cancel improper enrollment at any time, and if credit is earned in such an enrollment, the school may refuse to apply that credit toward a degree or may require enrollment in an additional class.
Course Requirements Foundation Courses-15 credit hours
BUNW A512 Statistical Tools for Management................. 3
BUNW A514 Economics for Managers................................ 3
BUNW A515 Management and Organization
BUNW B511 Marketing Management................................... 3
BUNW B512 Financial Management..................................... 3
Core Courses-30 credit hours
BUNW A513 Accounting for Decision Making...................... 3
BUNW A516 Management Information Systems................. 3
BUNW B513 Operations Management.................................. 3
BUNW B514 Legal, Ethical and Social
Environment of Business.......................................................... 3
BUNW 0512 Managing In a Team Based Organization...... 3
BUNW 0515 Advanced Marketing Management................... 3
BUNW 0517 Financial Management Analysis....................... 3
BUNW D511 Strategic Management........................................ 3
Minimum of two graduate business electives required of which one must be an international elective.
During the 2006-2007 academic year, 17 faculty taught in the School of Business and Economics. Faculty members with a doctorate received their degrees from Boston University, Indiana University, Michigan State University, Northern Illinois University, Northwestern University, Purdue University, Rice University, Southern Illinois University, Texas Tech University, University of Illinois, University of Oregon, Washington State University, and West Virginia University. With very few exceptions, faculty members with a doctorate teach the graduate business courses.
The local campus, as a member of the Indiana University Computer Network, has online access to computers in both Bloomington and Indianapolis. Use of these large and powerful computers to simulate business environments and to study business processes significantly enhances the teaching of business decision making. In addition, the School has a simulated trading floor in which students can simulate real-time market environments.
The IUN library has 240,000 books, 250,000 U.S. government publications, and 1,000 periodical subscriptions. Local library holdings are supplemented through an interlibrary loan agreement with the Indiana University Bloomington Main Library. This interlibrary loan agreement makes that vast collection, as well as those of many other major universities, available in as little as 24 to 48 hours.
Each M.B.A. candidate is required to complete a minimum of 30 credit hours in the M.B.A. core. For students who have no waivers from the foundation courses, a total of 45 credit hours will be required for completion of the M.B.A. degree. A cumulative grade point average of 3.0 (4.0 = A) or higher in all work taken for graduate credit must be earned as a prerequisite for continuation in good standing and for graduation.
During the first semester of enrollment in the M.B.A. program, every student will be required to prepare and file a program of study with the director of graduate studies in business. The program will provide the candidate with the opportunity to chart the time period during which the degree requirements will be met.
All students must complete a minimum of the 30 credit hours in the M.B.A. core, of which no more than 6 credit hours are transferred from another institution, and meet additional requirements as stated upon admission. Students must have at least a 3.0 cumulative GPA in all classes counted toward the M.B.A. degree. If a student repeated a course, both grades count in the degree GPA. Degree requirements must be completed within six years from the date of the first semester enrolled. Enrollment as a guest/non—degree student counts in the six years.
Students must file an application for graduation the semester before they expect to complete degree requirements. Failure to file this application will result in the student's name not appearing on the graduation list for the semester in which the course work is being completed.
Admission to the M.B.A. program is limited to students of demonstrated aptitude, ability, and scholarship. The decision is based upon a composite evaluation of the applicant's
- Undergraduate academic performance as measured by the cumulative grade point average; and
- Scores earned on the Graduate Management Admissions Test (GMAT).
All applicants to the M.B.A. program are required to submit their Graduate Management Admissions Test scores. This aptitude test, which does not unduly benefit individuals with previous business experience or training, is prepared by the Graduate Management Admission Council. The test is administered by Pearson throughout the United States. Students must take the GMAT at least one month before the application deadline for the semester of application. Information on the GMAT is contained in the application packet available from the Office of Graduate Studies in Business, Indiana University Northwest. This packet may be obtained by writing the address listed below or calling the indicated phone number.
Director of Graduate/Undergraduate Programs School of Business and Economics
Indiana University Northwest
Gary, IN 46408
Phone: (219) 980-6635
Candidates may enter the program at the beginning of the fall, spring, or summer semesters. The application deadline is one month before classes start. A completed application and all supporting documents must be submitted to the Office of Graduate Studies in Business and Economics by the established deadline date. An official transcript from each college attended is required as part of the application. Applicants to the M.B.A. program who received their baccalaureate degree in from any IU campus must request an official copy of their undergraduate transcript from the Office of the Registrar, Indiana University Northwest, Gary, IN 46408.
Course Load Since most M.B.A. students are employed full time, they normally carry a course load of 6 to 9 credit hours (two to three courses) per semester.
Time Allowed for Completion of Degree A maximum of six years is allowed for completion of the program. The six-year period begins with the first semester of course work following the granting of admission status into the program. For those students entering with no undergraduate business training, the program can be completed in approximately three years. Students with an undergraduate degree in business may qualify to enter directly into the 30 credit hour M.B.A. core that can be finished on a part- time basis in 20 months. Students will attend classes two nights per week.
Continuation in Good Standing The 3.0 grade point average required for the awarding of the M.B.A. degree requires close monitoring of the graduate student's academic progress.
Students who are placed on probation will be permitted to enroll in an additional 6 credit hours (four courses). Students on probation must raise their GPA to a 3.0 within those six hours or they will be dismissed from the M.B.A. program.
Students who receive a grade of F will be automatically dismissed from the program. A student who receives three grades of C will be automatically dismissed from the program. If you receive a grade of C— or below, you must repeat the course. Both grades will be included in your GPA.
Dismissal Students who do not meet any of the terms described in the bulletin will be dismissed. Upon the recommendation of the Graduate/Undergraduate Committee and with the approval of the dean of the School of Business and Economics, any student whose work is unsatisfactory or whose conduct is unethical or unprofessional may be dismissed from the program.
Waivers If a student has completed course work encompassing material included in the foundation of the program, certain waivers may be granted. Students are permitted waivers for foundation courses only. No waivers for core classes are permitted. Students can be considered for waivers if they have taken equivalent undergraduate course work with a grade of C or better (C— does not count) within the past seven years. The student will be notified as to waivers granted when the application for admission is formally approved. Contact the Director for more information.
Non—Degree Status Prospective students who may require foundation courses can begin the program as a non—degree student. Students with a non—degree status may only take up to 12 credit hours of M.B.A. foundation courses. M.B.A. Core courses are not open to non—degree students. Students who do not require foundation courses must enter the program fully admitted. Contact the director for more information.
Students Transferring from Another M.B.A. Program An applicant who is admitted who has attended an M.B.A. program at another institution must take at minimum the 30 credit hour core of which no more than 6 credit hours can be transferred in. Their graduate and undergraduate coursework can be used to waive the foundation courses.
Transfer Credit A total of 6 credit hours of graduate- level work may be transferred from other accredited institutions or other accredited programs at Indiana University. All course work must be preapproved by the Graduate/Undergraduate Faculty Committee, and students must obtain a grade of B or better to qualify for transfer. See the director of graduate studies for details.
Grade of Incomplete A grade of Incomplete (I )may be given only when the work in the course is substantially completed and when the student's work is of passing quality. An Incomplete must be changed to a letter grade within one year from the date of its recording. The student must meet with the professor and complete all work required by him/her and submit it well in advance of the one-year deadline. Students who receive a grade of I are not to re-enroll in the same class.
Independent Study Students are permitted to engage in up to 6 credit hours of approved Independent Study. Thesecredits can be used to fulfill electives and may not to be used to complete a required foundation or core class.
Students must submit the completed proposal form, approved by the sponsoring professor, to the director, by the date specified within the printed Schedule of Classes. See the director for approval details.
Withdrawals Students are permitted to drop a class up to the Automatic Withdrawal deadline. Students may not withdraw from a class after the automatic withdrawal deadline except under extreme circumstances. If a student seeks to drop a class after the deadline, the student must submit a request explaining the extreme circumstances that support the withdrawal. A poor or failing grade is not a legitimate reason to request permission to withdraw after the deadline. The student request is submitted to the director, who will submit the request to the dean to approve or deny the request.
Applying for Graduation Students can pick up the application for graduation in the main office of the business school or ask to have one faxed to them. Students must submit applications the semester prior to finishing their degree requirements so that the graduate director has time to audit student files. The Office of the Registrar requires a tentative list of graduates at the beginning of each semester.
Students with exceptional circumstances in regard to the policies stated in this bulletin should contact the director for advising.