Graduate
Frequently Asked Questions
What factors are most important in determining admission?
Do I have to take the GMAT to be considered for admission?
Can I take courses as a non-degree student?
Do I need work experience to join the program?
What kinds of financial assistance are available?
What are the costs of the program?
How long does it take to complete the program?
How can I waive courses I have already taken as an
undergraduate/graduate student?
Are the College of Management’s MBA and MSA programs
AACSB-accredited?
What career services does the College of Management
offer?
What
factors are most important in determining admission?
Many factors affect your chances for admission, including
essays, recommendations, and an interview, but we weigh
your undergraduate performance, work experience, and
GMAT score most heavily. Please visit http://www.management.umb.edu/master/master_admissions.php for more details.
Do I have to take the GMAT to be considered for admission?
Yes -- all applicants must take the GMAT to be admitted
to the MBA or MSA program. While we recognize the weaknesses
of the GMAT as a predictor of your preparedness for,
and potential success in, a graduate business program,
the test does enable us to compare applicants from
varied professional and academic backgrounds. While
it is not the most important factor in determining
admission, it is one element we consider. Applicants
with very low GMAT scores should consider further preparation
before completing their applications.
Can I take courses as a non-degree student?
We generally only allow matriculated students to take
courses in the MBA and MSA programs, in order to
ensure the integrity of the graduate program. Students
in good standing at other AACSB-accredited MBA programs
make take a limited number of courses in the graduate
program on a space-available basis as long as they
meet all prerequisites.
Do I need work experience to join the program?
Professional work experience is highly valued both
in the admissions process and in the program. However,
a few outstanding students without significant professional
experience are admitted each year.
What kinds of financial assistance are available?
There are a limited number of Graduate Assistantships
and Tuition Waivers offered on a merit and need basis.
Graduate Assistantships include a full-tuition and
partial fee waiver, as well as a stipend, in exchange
for research or teaching work conducted under faculty
supervision. These awards are highly competitive,
and priority is given to continuing students. Students
can apply for Assistantships after they apply to
and are accepted into the program.
What are the costs of the program?
For Massachusetts residents, the cost per course (3
credits) is approximately $1280; for out-of-state
residents and international students, the cost is
approximately $2500 per course. Depending on how
many courses a student is able to waive, the total
cost for the MBA degree is $14,000-$22,000 for residents,
and $28,000-$43,000 for out-of-state students. The
MSA degree costs $13,000-$20,000 for residents and
$25,000-$37,000 for out-of-state students.
How long does it take to complete the program?
The MBA degree entails 18 courses, or 54 credits, plus
a math requirement; up to 24 credits (8 courses) may
be waived or transferred. Full-time students usually
complete the program in 1-2 years, while part-time
students require 2-3 years on average.
The MSA degree requires 15 courses (45 credits) plus
a math requirement; most students who hold Bachelor’s
degrees in Management or a related field can complete
the program with 10 courses (30 credits). Full-time
students usually finish the program within one year,
while part-time students do so in two years.
How can I waive courses I have already taken as an
undergraduate/graduate student?
Students who have successfully completed undergraduate
or prior graduate coursework in Business, Economics,
Statistics, Computer Science, Law, or related fields
can waive certain core courses in the MBA or MSA programs.
For specifics, please see MBA
Waiver Policy or MSA
Waiver Policy, depending on your program of interest.
Are the College of Management’s
MBA and MSA programs AACSB-accredited?
The College of Management’s undergraduate and
MBA programs are accredited not only by the New England
Association of Schools and Colleges (NEASC), but also
by the Association to Advance Collegiate Schools of
Business (AACSB), the “gold standard” of
business schools worldwide. The new MSA program receives
preliminary AACSB accreditation under the umbrella
of the College of Management’s accreditation.
AACSB accreditation means that an institution adheres
to the highest standards of research, curriculum design,
and teaching excellence. Of nearly 4,000 business schools
worldwide, about 500 are accredited by AACSB.
What career services does the College of Management
offer?
The College of Management offers varied career assistance
to its graduate students. Services range from workshops
on interviewing and job search skills to seminars on
networking, business etiquette, salary negotiation,
and résumé preparation. Major firms come
to campus regularly to recruit our graduates at numerous
fairs and events. Moreover, the CM Senior Executive
Forum, Distinguished Executive Award, and MBA Forum
provide graduate students with the opportunity to learn
from and connect with local and national business leaders.
The MBA Alumni Association provides opportunities for
mentoring and networking as well, drawing upon our
strong Boston alumni presence.
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