School of Business


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.


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.

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.


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.

This website and its associated pages are not affiliated with, endorsed by, or sponsored by this school. has no official or unofficial affiliation with California Institute of Technology.