School of Business

Montclair State University, School of Business History

Montclair State University, founded in 1908, is a public, coeducational institution. The 200-acre campus is located in a suburban area 15 miles west of New York City. Total undergraduate and graduate enrollment is 16,076.

The School of Business was founded in 1980 and is located on the main campus, in its own building, Partridge Hall/School of Business. Courses also are offered at Brookdale, Lincroft Campus (MBA). The basic educational approach is to stress the conceptual foundations of business, practical applications of research findings, and current managerial practices. This blend of theory and practice builds a strong foundation for immediate practical application as well as postgraduate professional growth.

Montclair State University, School of Business Academics

The School of Business offers the Master of Business Administration (MBA). The strongest areas of study are accounting, finance, management, marketing, and international business. The most popular courses are Finance and Management. Regular programs bring distinguished speakers and visiting professors to campus, including the Executive Perspectives course and the Distinguished Speakers Series.

Thirty-three to 54 total credits are required to complete the MBA, including 12 to 18 elective credits. Required courses include:

• Economic Analysis
• Advanced Strategic Management
• Financial Accounting
• Information Systems
• Marketing Management
• Management Process and Organizational Behavior
• Corporate Financial Management
• Statistical Methods
• Production/Operations Management
• International Business: Concepts and Issues
• Aggregate Economics

Students may eliminate or substitute up to 15 credits of requirements by evidence of previous advanced work.

Business students may take relevant nonbusiness courses in other departments. The maximum time permitted to complete the master’s degree program attending full or part time is 8 years.

There are 57 total full-time graduate business faculty, of whom 95% hold a doctorate; there are 2 part-time faculty, 1 of whom holds a doctorate. Faculty salaries are rated well above average for Category IIA institutions, based on the AAUP rating system. Average number of courses faculty teach is 3; average business class size is 25.

Montclair State University, School of Business Unique Programs

Library

The university’s main library houses a collection of more than 415,000 volumes, 1 million microform items, and 14,000 audio/video tapes/CDs, and subscribes to 38,000 periodicals. Students have access to various databases and networks.

Computers

Graduate business students need not have their own PCs. Available computer facilities consist of an IBM mainframe, a minicomputer, and more than 100 PCs.

Career and Job Placement

Average starting salary of the graduating class was $62,500; range was $40,000 to $125,000. The percentage of graduates finding jobs were:

• national corporations 51%
• regional corporations 22%
• local large enterprises 11%
• international 9%
• self-employment 4%
• local small enterprises 3%

Placement services are limited, since most students are already employed full time, and are available through the university placement office. Ninety percent of the most recent graduating class found jobs within three months of receiving their degree.

International Students

International students must take the TOEFL or the college’s own test. International students must score 380 on the Paper-Based TOEFL (PBT) or 83 on the Internet-Based TOEFL (iBT) version. They also must submit a translation of their transcripts and proof of adequate funds. There is a $60 processing fee. Financial aid is available for these students and consists of graduate assistantships. The application deadline for fall entry is rolling.

Calendar

The school operates on a traditional semester basis. Semesters are 14 weeks long; summer sessions, 3 weeks. Graduate programs are offered during the late afternoon and evening and weekends.

Montclair State University, School of Business Admissions

A bachelor’s degree is required, along with a GPA of 2.7, a GMAT score of 500, and GRE scores of 425. The formula for using the GPA and GMAT scores is 200 x GPA + GMAT (AACSB index of 1050). Most important admissions factors are grades in upper-level courses, GMAT results, and work experience. A strong mathematics background is required.

The number of applicants for the 2006-2007 class was 238; 96 were accepted; 62 enrolled. The average GPA was 3.18; average GMAT score was 495. Transfers are accepted. Minority students are actively recruited by an open house and the MBA Forum.

Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, 2 transcripts, GMAT scores, a nonrefundable application fee of $60, 2 letters of recommendation, and a statement of objectives. The application deadline is open for fall entry. Students are notified on a rolling basis of the admissions decision. The latest acceptable test date for fall entry is August. Once accepted, students may defer admission.

Montclair State University, School of Business Financial Aid

Stipends and programs available for minority students include the Educational Opportunity Fund. The GAPSFAS is required. The application deadline is March 1 for fall entry.

Tuition for in-state residents is $526 per credit, or $9465 per year. Nonresidents pay $710 per credit, or $12,778 per year. On-campus room and board costs approximately $8875; books and supplies, $1000; personal expenses, $2350; and other fees, $2880, for an estimated annual total of $24,570 for in-state residents and $27,883 for out-of-state residents. Graduate student housing is limited on campus. There is a referral service to help procure off-campus housing.

Montclair State University, School of Business Students

Eighteen percent of the current graduate business school class are enrolled full time; 95% have had an average of 5 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from New Jersey (89%). Forty-six percent are women, 16% are minorities, and 10% are foreign nationals. The average age at entrance is 29; ages range from 21 to 51. Six percent enter directly from undergraduate school; 13% already have a graduate degree. Students’ undergraduate majors were as follows: 48%, business; 18%, engineering; 12%, social sciences; 9%, economics; 8%, liberal arts; and 5%, math and science. About 16% of entering students leave by the end of the first year due to academic or personal reasons.