Boost your skills: B.E.'s guide to the nation's best mid-career executive training programs.
Each year, over 700 schools award roughly 70,000 so-called advanced management degrees, up from 40,000 in 1973. According to Eugene Miller, editor of Barron's Guide to Graduate Business Schools and professor at Florida Atlantic University, over 200,000 people are currently enrolled in programs ranging from executive MBAs to master's in international management.
These programs, in turn, should not be confused with executive-education residential seminars and short courses. In 1992, these seminars and short courses were taken by 38,170 participants at 89 universities, according to a 1993 survey by The Wall Street Journal and Bricker's International Directory. The study found that the average residential seminar lasted about two and a half weeks; 43% of them are only a week long. But some run six or eight weeks. Stanford's runs nine months and costs more than $50,000 to attend.
Those who are looking for more management education must choose wisely. A one-size-fits-all MBA may not be for you--especially given the time and cost. Perhaps all you need is a management course or two (ranging from a day to a full semester) to help you fine-tune your skills or equip you with new ones to manage your staff or projects more effectively.
In this section, we give you some advice on doing just that--along with some important hints on paying for this training, and how to size up intangibles such as campus culture. But be prepared: Your task will not be an easy one. The universities that offer management education all seem to suffer from a lack of internal communications. Dealing with admissions directors, for instance, can be maddening. Directors at full-time programs, for instance, aren't apt to know what's going on down at continuing education--and vice versa.
What's more, corporate spending on executive education is at a low ebb. Last year, business spent about $15 billion on management training programs. And with annual tuition hikes of 7%, those highly touted, free-lunch "executive MBA programs" seem to have topped out at about 5,000 students.
The most flexible approach, and by far the most popular, is to simply take individual classes. Unfortunately, many colleges won't offer single courses for credit unless you're enrolled in full- or part-time degree programs.
With individual courses, you can evaluate a school first hand, to find out whether a full- or part-time course load works best for you. You'll also get an up-close glimpse at the institution as a whole, finding answers to some questions that the catalogs rarely cover, such as:
Flexibility. Are the professors willing to accommodate absences due to business travel or last-minute job emergencies?
Student mix. Is the average student close to you in age, job description, experience, career goals?
Teaching method Is the curricula based on theoretical situations or real-life case studies? Are the adjuncts or academics capable of putting complex issues into perspective?
Teacher quality. Night school and weekend programs are often taught by adjuncts or new full-time instructors. Their quality may be excellent but will certainly vary more than the quality of experienced, full-time professors.
Campus culture. You'll want to investigate the school's openness toward women and minorities, in addition to students from specific industries or companies. Johns Hopkins in Baltimore, for instance, has a "cohort" program aimed mainly at minority-group members; small groups of five or 10 students take all their courses together.
Accreditation status. Most colleges are accredited by one of six regional groups (Southern Association of Colleges and Schools, New England Association of Colleges and Schools, etc.). Nearly 300 colleges are accredited by the AACSB, the American Assembly of Collegiate Schools of Business (600 Emerson Rd., Suite 300, St. Louis, MO 63141-6762).
However, there are many good programs that do not have AACSB accreditation. Don't reject such a program if it appears to have everything else you want.
THE GRADUATE MANAGEMENT ADMISSION TEST
Harvard no longer requires the GMAT for admission to an MBA degree program, but almost everyone else does. (In the listings below, the GMAT is required unless otherwise noted.) The test is given four times a year, in january, March, June and October.
Obtain test schedules and the application form from the Graduate Management Admission Test, Educational Testing Service, CN 6103, Princeton, NJ 08541-6108, or call 609-771-7330. ETS also sells books and test-preparation software. The current price list (effective through August 1994):
Official Guide for GMAT Review, $11.9 5. Contains three prior tests and samples of all question types-900 questions and answers explained. There's also a good math review.
Official Guide to MBA Programs, $13.95. Profiles 550 graduate management programs worldwide. The details are sketchy, but you'll get enough information to decide whether to order a catalog and registration form from prospective schools.
Official Software for GMAT Review, $59.95. Includes interactive tutorials with examples of each type of question. There's only one actual test, however (it is different from the three tests provided in the GMAT Review text).
The software's biggest advantage: It offers individual feedback and score analysis.
All three books are available as a package for $33, and the books plus software for $87. You can order toll-free (with a credit card) by calling 800-982-6740 weekdays 8-4 p.m. Eastern Standard Time. Outside the U.S., call 609-771-7243.
FINANCIAL AID FOR GRADUATE PROGRAMS
Unfortunately, financial aid is generally not available to part-time students (exceptions are noted in the listings). Federally subsidized work-study programs require that you sign up for at least 12 credits a semester. Colleges can expand upon those rules and some student aid is available to certain non-U.S. citizens (typically, permanent residents). Holders of the F-1 or J-1 student visa are not eligible for federal loans. Official Guide to Financing Your MBA ($10.95), includes information on loans and scholarships, which are, unfortunately, rare for mid-career executives. Some schools do use the book to provide specific information on scholarship packages. To obtain this book, contact the Educational Testing Service, CN 6103, Princeton, NJ 08541-6108, or call 609-771-7330.
The following are several federal sources for financing your graduate education. For applications and additional information on all programs, call the Department of Education's toll-free hotline, at 8OO-4FE-DAID.
Federal Perkins Loans. The current limit is $3,000 a year with aggregate maximum of $15,000 per person. These loans are need-based. The need depends on income and family size. The threshold tends to change each year with inflation. Contact your college for applications and details.
Stafford Student Loan (formerly the Guaranteed Student Loan program, GSL). There are two versions, subsidized and nonsubsidized. For subsidized loans, the federal government pays the interest to the lender while you are enrolled or during deferment periods. The loans were $7,500 before this past October; it is now $8,500. The aggregate limit was raised to $88,500 last July.
Federal Supplemental Loans to Students. Stiffer payment terms and usually higher interest than the Stafford programs. The application procedure is the same, however. The annual limit is now $ 10,000 (it had been $4,000 before last July). The aggregate limit is $96,000-up from $20,000 before last july.
The Consortium of Graduate Study in Management is another good, nongovernment aid source. Formed by the National Black MBA Association in response to falling enrollment rates among minorities, the program has attracted funds from many large companies. The money goes mainly into scholarships for full-time students. The consortium funnels aid to the following universities: Michigan, North Carolina, Indiana, Washington (at St. Louis), New York, Southern California, Rochester, Wisconsin and University of Texas at Austin. Contact: The Consortium of Graduate Study in Management, Box 1132, One Brookings Dr., St. Louis, MO 63130; or call (314) 935-6364.
LEARNING ON YOUR OWN
Want something in-between a full-blown degree and a smattering of courses here and there? The American Management Association (AMA) is perhaps the most comprehensive source of management training--especially for mid- to lower-level employees. In the past, you or your organization had to be a member of the AMA to take full advantage of its offerings. Now, however, most courses are open to nonmembers.
Its benefits? Members ($160 a year per person) get preferred rates on all classes, training videos and AMA publications. They're also entitled to free and unlimited use of the AMA's extensive library and information services. Member organizations get free access to the ANK's meeting facilities in New York, Chicago, Atlanta and Washington, D.C. (There's even a members-only lounge in New York, the organization's headquarters.) Contact the AMA at 135 W. 50th St., New York, NY 10020; 212-586-8100.
Arthur D. Little, the management consulting firm in Cambridge, Mass., runs numerous executive education programs, as well as an 11 -month master's in management. The executive education offerings range from a one-week course ($1,250 to $1,750) to the $24,500 M.S. Little is also a major provider of on-site training and education at many levels of sophistication (firms typically pick up the tab for this course work). Participants in all of Little's programs tend to have at least five years' professional experience. Roughly 90% of the M.S. students hail from outside the United States. Contact: Arthur D. Little, Management Education Institute, 35 Acorn Park, Cambridge, MA 02140-2390; 617-498-6200.
Meanwhile, a whole new class of educational tools is emerging, built around interactive computer software. Perhaps the most notable, NYU's School of Continuing Education is touting the "virtual college," featuring coursework communicated to students' desktop computers. The system is already running, and the future holds "courses on demand" over telephone or cable TV lines. For more information, contact Richard Vigilante, Director of Information Technologies Institutes, NYU, 48 Cooper Square, New York, NY 10003; 212-998-7190.
MBA PROGRAMS FOR MID-CAREER EXECUTIVES
What follows is a compilation of 19 programs, each selected from a pool of 120 that BE investigated in some detail. Rather than duplicate the excellent information available in guidebooks from the Educational Testing Service, Barron's and other publishers, this list strives to offer geographical diversity and a wide range of curricula, student experiences and tuition fees.
After reading this list, you will be better prepared to evaluate similar programs in your area or field of expertise. When calling any college for information, ask for alternate phone numbers: You may want to search out programs in various schools or departments within a university, from the admissions staff, continuing education office, even the minority affairs office.
A good, one-stop source of information on part-time and adult programs is The National University Continuing Education Association, One Dupont Circle NW, Suite 615, Washington, D.C. 20036-1168; 202-659-3130.
Note: Unless otherwise indicated, these programs will accept two to four courses for transfer credit from an AASCB-accredited school. Some individual exceptions may apply.
ALBANY STATE COLLEGE
504 College Drive, Albany, GA 31705; 912-430-4646; 800-822-7267 (Ga. residents only)
* Application deadline: May 15 for fall 1994 admission as a degree student. Others can register anytime.
* Current enrollment: about 60, mostly part-time.
* Tuition, fees, transfer credit: Part-time Georgia resident students pay $38.50 per quarter per credit hour; nonresident tuition is $ 115.50. You can transfer up to 10 quarter-hours of non-matriculated credits toward full-degree enrollment. The MBA requires 60 credit hours.
* Typical schedule: Part- and full-time students mix. Course work is generally during evening hours.
The MBA at Albany is a general degree program covering accounting, economics, finance, general management and marketing. There's also an MPA offered by the department of history and political science. This was the only MBA program we found that allows unlimited enrollment in MBA-level courses without enrollment for a degree.
Hankamer School of Business, P.O. Box 98001, Waco, TX 76798-8001; 817-755-3622; 800-583-3622
* Next application deadline: this spring for August 1994 admission; most admission decisions are made before July 1.
* Current enrollment: about 34 in the Executive MBA program in both Waco and Dallas; the full-time program is seven times larger.
* Tuition, fees, transfer credit: $215 per credit hour for full-time students. The two-year Executive MBA program costs $29,950 in Dallas; $18,500 for the program in Waco.
* Typical schedule: The Executive MBA program starts each August and runs two years, graduating classes in May, August and December. Classes meet twice a week, on Monday and Thursday evenings in Waco, every other weekend in Dallas, both Friday and Saturday.
The curriculum is based heavily on international studies, out of a strong "general management" MBA core. Because there are several required weeks in residence, classes are forced to act as groups. GMAT is not required for the executive program, but is for the full-time curriculum.
CASE WESTERN RESERVE UNIVERSITY
Weatherhead School of Management, 310 Enterprise Hall, Cleveland, OH 44106; 216-368-2031; 800-362-8600, ext. 2031 (in Ohio); 800-321-6984, ext. 2031 (out of state).
* Next application deadline: Although the school is on a standard semester system, it accepts students at any time. The next admissions date is May 1 for the part-time semester beginning June 6.
* Current enrollment: This is a big program, with more than 600 part-time students in 1993.
* Tuition, fees, transfer credit: Part-timers pay $696 per credit hour. There are merit-based tuition rebates available to strong students with a focus on minorities. Half of the funds available for rebates are earmarked for minorities in full-time programs. Part-time students are eligible for tuition rebates on merit basis only. Credit is available for previous course work.
* Typical schedule: evening classes, 6 to 8 p.m. and 8:15 to 10:15 p. m. during the week only. A typical load is five courses per year (two each in spring and fall, one in summer). Average completion time is four years for the standard program and three years for the "accelerated" version (open to students who have taken relevant courses in an undergraduate management program).
Weatherhead is unusual in that the same faculty teaches full-time and part-time students. There is little mixing in the core courses, however, there is considerable mixing of students in the evening, when all electronics are taught. Three-quarters of the MBA students are part-timers, and there's also a healthy "minority" enrollment--roughly 12 %.
The program places a heavy emphasis on such technology-related studies as operations research and MIS, but includes concentrations in banking, health systems management, nonprofits, accounting, marketing and human resources management.
If you can take the time off from work, there's a two-year fellowship program for minority students who have "demonstrated a superior level of achievement in their undergraduate academic performance" with further proof of leadership skills. It offers full tuition plus a $4,000 stipend annually.
32nd and Chestnut Streets, Philadelphia, PA 19104; 215-895-6700
* Next application deadline: March 1 (classes begin April 4), May 31 (classes begin June 27).
* Current enrollment: roughly 250 full-time, 500 part-time.
* Tuition, fees, transfer credit: $391 per credit hour plus $52 per term for part-time students. The MBA degree requires a total of 84 credit hours.
* Typical schedule: Saturdays, 9 a.m. to 3 p.m., two courses per day. If you attend year-round, the program can be completed in two years. The part-time program offers only a "general" MBA. But you can specialize by taking one or two courses on weekday evenings (typically, one evening a week), offered by the full-time MBA program.
Drexel is best known for its top-flight engineering school and its ties to international institutions. The MBA program leans that way, too, focusing on international business curriculum and technical specialties in such areas as quality assurance, technical marketing, manufacturing and taxation. There's also a good legal program, ideal for those who plan to work in a heavily regulated industry. For those who already have a master's degree, but want to pick up a new specialty, the school offers an 18-credit certificate program.
EMORY BUSINESS SCHOOL
The Lenox Building, Suite 850, 3399 Peachtree Road NE, Atlanta, GA 30326-1138; 404-848-0500
* Next application deadline: varies with program.
* Current enrollment: approximately 300 in the graduate program, almost all full-time.
* Tuition, fees, transfer credit: $17,950 per year.
* Typical schedule: No strict schedule for part-timers; some courses offered during regular business hours.
Emory has a distinguished business school that's popular with part-timers. It makes the grade here based on the strength of its (typically) week-long resident seminars. Few universities have as many short courses and seminars as does Emory. They vary from general management development to specific topics such as investor relations.
Graduate School of Business Administration, Soldier Fields, Boston, MA 02163; 617-495-6127
* Next application deadline: March 4 for fall 1994.
* Current enrollment: 1,600 full-time. Harvard does not accept part-time students but does run an Executive Education Program; 21 different certificate programs are available.
* Tuition, fees, transfer credit: approximately $19,000 a year. Transfers are not accepted.
* Typical schedule: Day only. Harvard offers a single MBA program, set-in-stone for everyone. The vaunted case-study method has been modified in recent years, and is scheduled for modification this fall. But all students earn a general management degree (not marketing or finance). Enrollees start in the fall and go lockstep for two years. Average age of entrants is 26. About a third of the students are women, a quarter are non-U.S. citizens, and 14% are minorities. There are scholarship programs available specifically for African-Americans. About a third of the students have engineering, math or science degrees. Harvard does not require the GMAT.
2400 Sixth St. NW, Washington, D.C. 20059; 202-806-2752; 800-822-6363
* Next application deadlines: March 15 for summer session; April 1 for fall 1994; November 1 for spring 1995.
* Current enrollment: Howard has about 3,000 graduate students in all disciplines, and graduates about 400 master's degree students a year in all disciplines.
* Tuition, fees, transfer credit: $420 per semester hour for part-time graduate students. But two semesters full-time is only $7,945. That works out to less than $300 per credit hour--an unusually steep discount.
* Typical schedule: Part-time students take courses with full-timers.
The School of Business offers specialties in accounting, marketing, insurance, consumer affairs, finance, hotel management, and international business. Other graduate programs focus on general management and health care management. There is also a separate MPA program, as you might expect in a company town where the is the federal government. The catalog company doesn't fully reflect the international flavor of Howard programs. Caribbean and African students flock to Howard, and mix with mid-level government employees taking part-time courses.
The Managers' Program, Kellogg Graduate School of Management, Wieboldt Hall, 339 E. Chicago Ave., Chicago, IL 60611-3008; 312-503-8385
* Next application deadlines: February 8, 1994, for classes beginning March 29; May 13, 1994, for classes beginning June 20, 1994.
* Current enrollment: about 1,300. Enrollees tend to average 27 years of age for this type of program--typically with 4 years' work experience.
* Tuition, fees, transfer credit: $1,890 per course; $90 one-time application fee. Students in the part-time program cannot take more than two courses a quarter or complete the program in less than 10 quarters--roughly 30 months. Transfer credit is available for up to four courses.
* Typical schedule: Most courses meet one evening a week, 6:15 to 9 p.m., Monday through Thursday, or Saturdays 9:15 a.m. to noon or 1 to 3:45 p.m. in Wieboldt Hall (near the waterfront). A few courses are offered only at the Evanston campus, one evening from Monday to Thursday 7 to 9:45 p.m.
The part-time program is not simply an off-shoot of Northwestern's standard Masters of Management program. Although the full-time MM program, at the Kellogg Graduate School of Management, is now taught mainly out of Evanston, it actually started in downtown Chicago in 1908, as an evening program for employed students.
There's an active student group, the Evening Management Association (based at Weiboldt), to help with academic and social matters. MMs are offered in a number of specialties, including health services, public and nonprofit management, human resources, industrial relations, information management, international business, marketing, real estate, and transportation and business logistics.
RENSSELAER POLYTECHNIC INSTITUTE
School of Management, Troy, N.Y. 12180-3590; 518-276-8785 (management); 518-276-6200 (executive programs)
* Next application deadlines: May 1 for fall 1994 term. Part-timers can start in spring or in fall.
* Current enrollment: There are 54 in the executive MBA program, 70 part-timers in the regular program and 185 full-time at RPI itself; there are more in Hartford.
* Tuition, fees, transfer credit: $505 per credit hour. The MBA requires 60 credits; transfer credits and course waivers are possible. Hartford Graduate Center (see below) charges $405 per credit hour.
* Typical schedule: All day Friday and Saturday, every other week for two years for the executive program, part-timers take classes with full-time students. The Hartford center version meets Friday evenings and Saturdays; it generally takes 2.5 years to graduate part-time. Hartford degrees are awarded by RPI.
RPI has a strong technical bent, especially in manufacturing technology (the New York State center for that is on campus). The school even rents cheap space to budding companies. It offers many minority-oriented fellowships and scholarships, mainly to full-timers. There is a tight association with the 2,300-student Hartford Graduate Center (275 Windsor St., Hartford, CT 06120-2991; 203-548-7871; 800-HFD-GRAD), made up entirely of part-time and executive students.
SAINT LOUIS UNIVERSITY
School of Business and Administration, 3674 Lindell Blvd., St. Louis, MO 63108; 314-658-3898
* Next application deadlines: April 15 for summer entry; July 15 for the fall. For the Executive Master's Degree, April 29, 1994. Applications received after that will be considered if space is available.
* Current enrollment: 225 full-time; 650 part-time; 38 executive master's degree.
* Tuition, fees, transfer credit: The course can be 30 to 57 credit hours, depending on previous course work and costs $430 per credit hour. Up to six credits can be transferred from other AACSB-accredited schools. The Executive Master's Degree program costs $10,500 a year for two years.
* Typical schedule: every other week on Friday afternoons and Saturdays in spring and fall, every weekend during the summer for two years.
The Executive Master's Degree in International Business Studies emphasizes general management skills in an international context. The GMAT can be waived if you have evidence of strong management experience. The GMAT is required for the full-time program, but you can apply for conditional admission pending GMAT results.
SAN JOSE STATE UNIVERSITY
College of Business, One Washington Square, San Jose, CA 95192; 408-924-2000
* Next application deadlines: As with other schools in the state university system, you file about six months before the course begins.
* Current enrollment: over 700 MBA students--the largest in Northern California.
* Tuition, fees, transfer credit: There is the standard academic year flat fee (about $1,300 in 1993); tuition other than that is free for residents, $164 per quarter unit, $246 per semester unit for nonresidents.
* Typical schedule: Eight-week sessions meet one evening a week and one Saturday a month. The program can theoretically be completed in 20 months. There is also an evening program with semester-long courses taught on campus; full-time, the program takes about 18 months to complete.
The off-campus MBA, taught at seven industrial locations (Tandem Computers, three Amdahl sites, National Semiconductor, Lockheed Missiles & Space and the Biltmore Hotel in Santa Clara) is AACSB accredited. It attracts older (average age 32) students, most of whom do not have undergraduate business degrees. The proportion of women, 40%, is unusually high. This is a standard "general management" MBA with limited opportunity for specialization through electives; it is meant for those who may have a strong nonmanagement undergraduate degree (in engineering, for instance) and need new skills to enter the ranks of middle management or start their own business.
Graduate School of Business, Stanford, CA 94305-5015; 415-723-2766
* Next application deadlines: March 9 for the fall 1994 semester; the latest GMAT test data allowed is mid-March.
* Current enrollment: about 500 men, 200 women.
* Tuition, fees, transfer credit: about $20,000. Students can test out of requirements but must replace them with other courses. Key point: Nonbusiness courses can be substituted.
* Typical schedule: Students can complete the program in six quarters--about 18 months after entrance in the fall. No part-time students are allowed., but there is a full-time nine-month executive program.
Despite its location in a high-tech area and the reputation of its science and engineering programs, Stanford is not a haven for math-only types. The average age of admitted students is 28-a bit older than at Harvard and the University of Pennsylvania. About a quarter of the students are listed as "minority," many of them Asian. Nevertheless, the school says it actively recruits African-Americans and offers substantial financial aid. There's a doctoral program and a particularly strong public administration track in the MBA program.
The Graduate School of International Management, 15249 N. 59th Ave., Glendale, Arizona 85306-6003; 602-978-7131; 800-848-9084
* Next application deadlines: July 31 for admission to "Winterim" three-week session and spring 1995 semesters; fall applications usually must be returned by the end of january.
* Current enrollment: about 1,500.
* Tuition, fees, transfer credit: $650 per semester hour plus $650 per term registration fee for part-timers. Full-time students pay $7,825 per full semester, $5,735 for the summer term. Spouses can take up to nine credits per semester for a flat rate of $2,025 a nonmatriculating basis.
* Typical schedule: The executive program starts each fall and proceeds in lockstep for two years, meeting all day Friday and Saturday, every other week. There are numerous one- and two-week executive seminars as well, on specific topics.
The degree is a Master of International Management (MIM); there are specialty areas in health management and management of international technology. It is not generally known that Thunderbird, with its international representation, boasts 12% U.S. minority enrollment. This may be the highest in the nation among major graduate management programs. The recent Wall Street Journal/Bricker survey named the University of Michigan as having the highest minority enrollment, about 10%. Students are also quite young; they average less than four years' experience.
UNIVERSITY OF CALIFORNIA, LOS ANGELES
John E. Anderson Graduate School of Management at UCLA, Rm. 4274, 405 Hilgard Ave., Los Angeles, CA 90024-1481; 310-825-2632
* Next application deadline: May 30 for fall 1994 admission.
* Current enrollment: The part-time three-year FEMBA program attracts younger students than is usual; average age 29, with six years work experience. The two-year part-time "executive MBA" program attracts much older grads--14 years work experience is typical.
* Tuition, fees, transfer credit: $15,500 a year for FEMBA includes tuition, books, supplies and notebook computer required for classes.
* Typical schedule: Classes are Saturday mornings, 8:30 a.m. to noon, and one weekday afternoon a week, 1:30 to 5 p.m. Group meetings (lectures, study groups, etc.) usually follow the classes. Summer-quarter schedules are lighter.
Although UCLA's full-time MBA program is known for its research bent, FEMBA, the Fully Employed MBA Program, is more flexible--and has an unusual curriculum. There are three broad specialty areas--finance, marketing and general management. The downside is that it takes three years to complete the MBA. In part, this is due to the International Field Study requirement- you spend two quarters (six months) working on a class project for an organization with international dealings.
Such group activities foster close teamwork. If you want or need a more concentrated program, go for the executive MBA. It is aimed at older students heading for senior management--and it only takes two years. Finally, UCLA offers many short programs and seminars for professional development. Typically, they include two short sessions in residence, and weekly evening classes over a period of nine months.
UNIVERSITY OF CHICAGO
Graduate School of Business, 1101 E. 58th St., Chicago, IL 60637; 312-702-7369
* Next application deadlines: The next evening course admissions will be for the fall term; the final deadline is July 29. You can start evening courses in any quarter; there's an April 22 deadline for the quarter beginning June 20.
* Current enrollment: small in the part-time program.
* Tuition, fees, transfer credit: Evening and weekend courses are $2,020 per quarter; you usually take two courses for $4,040. Expect the price to rise by this summer. Full-time tuition is $20,497 for three quarters. There is no transfer credit; you may exempt courses you've already taken, but must replace them with something else.
* Typical schedule: Saturdays for two years, or two evenings a week for two years. The full-time students normally complete the program in six quarters, over two calendar years. It is possible to graduate in five quarters, which is about 18 calendar months.
University of Chicago offers highly specialized MBA tracks with some things in common: strong analytical training and a first-term team project. There is quite a bit of scholarship aid available to full-time U.S.-citizen minorities. Unlike Harvard, which shuns part-timers in its core MBA program, Chicago markets well to the employed. Like Harvard, it offers numerous executive seminars. A downer: The student body is only 3% black.
UNIVERSITY OF FLORIDA
Florida MBA Program, 134 Bryan Hall, P.O. Box 1175, Gainesville, FL 32611-7150; 904-392-7992
* Next application deadlines: April 1 for fall 1994 admission; earlier applicants have a much better chance. The MBA for Managers (executive MBA) program takes applications in the fall for spring starts.
* Current enrollment: small for a state university--only 250 total in all MBA programs. The executive MBA program is only in its second year. A new one-year MBA program begins June 6, 1994.
* Tuition, fees, transfer credit: The part-time MBA for Managers program costs $2,000 per quarter, with eight quarters necessary to complete the course.
The three-term program costs Florida residents $5,873 and nonresidents $13,959. The school has a new "three-term" option for students who have an undergraduate business degree from an AACSB or approved international institution; it is possible to graduate in only one calendar year that way. The deadline for that is Feb. 15.
* Typical Schedule: The Executive program begins in january, the newer one-year program in June.
This is a strong program with international overtones, although the basic degree is in general management. At this time, the executive program is open only to Florida residents, but will be open to nonresidents in January of 1995.
UNIVERSITY OF MARYLAND
Graduate School of Management and Technology, University Blvd. at Adelphi Rd., Student and Faculty Services Center, College Park, MD 20742-1614; 301-985-7155; 800-888-UMUC
* Next application deadline: for summer semester, April 1.
* Current enrollment: about 3,500 in graduate business and allied programs.
* Tuition, fees, transfer credit: $240 a semester hour for residents, $305 for nonresidents. Typical schedule: varies; plenty of evening classes available.
This program is included because, while it is the opposite of Howard's, it operates, among other places, in downtown Washington, D.C. As opposed to the Howard program, this program offers specialization to the max, rather than just a general MBA. For the graduate degree itself, specialty tracks include procurement and contract management, nonprofit management, real estate and a half-dozen others. That does not include five other tracks in the Master of Science in Technology Management Degree program; biotechnology management, manufacturing systems, entrepreneurship and so forth.
The average student age is 37-quite old for graduate programs, even of the mid-career variety. About 40% are government employees.
UNIVERSITY OF SOTUH CAROLINA
College of Business Administration, Columbia, SC 29208; 803-777-4346
* Next application deadline: Applications submitted by February 1 have the best shot for fall admissions.
* Current enrollment: Over 1, 100 students are participants in the school's various graduate management programs.
* Tuition, fees, transfer credit: South Carolina residents pay $141 a semester-hour; nonresidents pay $282. College of Business Administration students must also pay a stiff on-time "enrichment fee." The tab is $4,000 for residents, $7,400 for nonresidents in the international program and 2,400-$3,650 for other business curricula. Part-time students pay this fee on a per-course basis. $151 for residents and $226 for nonresidents. Up to 12 credits can be transferred.
* Typical schedule: The professional MBA program sets classes Monday through Thursday evenings and on Saturdays. Classes are broadcast live to 20 receiving sites around the state; students at remote sites can interact with the lecturers through two-way links. This is the largest international program accredited by the AACSB. There are substantial scholarships available, too, especially to South Carolina residents who must promise to work within the state for the same length of time they received scholarships. Some scholarships are targeted specifically at African-Americans.
UNIVERSITY OF PENNSYLVANIA
The Wharton School, 102 Vance Hall, 3733 Spruce St., Philadelphia, PA 19104; 215-898-6182
* Next application deadlines: There's a rolling admission process, but the deadline is April 11 for fall 1994 admission. But the latest GMAT test allowable for fall 1994 admission was january. The deadline to be considered for aid is March 1 for this fall.
* Tuition, fees transfer credit: about $19,929. No transfer credit allowed.
* Current enrollment: About 750 per entering class. Unlike other Ivies, Wharton does not allow part-time students but does have an executive MBA program.
* Typical schedule: during the day only, no classes on Friday. Summer internships are offered as part of the full-time program.
Economic undergraduates at Wharton constitute about one-fifth of the class. The school is known for its computer modeling prowess--of individual companies and of the entire U.S. economy. About a quarter of the students are women, a quarter foreign nationals, 15% minorities, African-Americans are actively recruited, the school says, and there is scholarship aid available. Average age of entering students for the two-year program is about 27. There is a Ph.D. program, as well.
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|Author:||Ross, Steven S.|
|Article Type:||Cover Story|
|Date:||Feb 1, 1994|
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