FAQs: Frequently Asked Questions
What prerequisites are needed for the MBA and MSA programs?
What minimum GMAT exam score and undergraduate GPA are required and what other factors are considered in the admissions process ?
How are the programs structured?
MBA MSA
Is financial assistance available?
What are the application deadlines?
How do I apply to the programs?
Can graduate credit from other universities be transferred into the program?
Tell me about the MBA and MSA students.
How much do the MBA and MSA programs cost?
Can I complete the program while working full time?
What are the term dates?
What prerequisites are needed for the MBA and MSA programs?
MBA prerequisites:
Managerial Accounting (BUA201)and Financial Accounting (BUA202)
Principles of Marketing (BUA370)
Principles of Management (BUA325)
Principles of Finance (BUA350)
Micro and Macro Economics (ECO 120 and 121)
Statistics (MAT 215 or 232)
Students are required to have a minimum of a B- in all prerequisite courses. If they have a lower grade, they must retake that course and earn the minimum B- grade.
MSA prerequisites:
- BUA 201 Introduction to Financial Accounting
- BUA 202 Introduction to Managerial Accounting
- BUA 301 Intermediate Accounting 1
- BUA 302 Intermediate Accounting 2
- BUA 305 Cost Accounting
- BUA 310 Auditing
- BUA 312 Federal Taxation of Individuals
- ECO120 Microeconomics and ECO 121 Macroeconomics
- Principles of Marketing (BUA370)
- Principles of Management (BUA325)
- Principles of Finance (BUA350)
- Statistics (MAT 215 or 232)
- Students are required to have a minimum of a B- in all prerequisite courses. If they have a lower grade, they must retake that course and earn the minimum B- grade.
Note: Students with an undergraduate degree can take BUA 400 in place of BUA 201 and 202
and can take ECO 410 in place of ECO 120 and 121. These students can also take online tutorials in marketing, managment, finance and statistics in place of those undergraduate courses.
Back to top
What minimum GMAT exam score and undergraduate GPA are required and what other factors are considered in the admissions process?
- Minimum GMAT score: 500*
- Minimum GPA: 3.0*
- Perceived quality of undergraduate institution
- Perceived rigor of undergraduate major
- Quality and strength of business experience
- Quality and strength of letters of recommendation
- Quality of essays
- Quality and diversity of life experiences such as work with non-profits, involvement with extracurricular activities and demonstration of potential for leadership, critical thinking and motivation for excellence.
*Note: For students pursuing the UMaine 5-year MBA, the minimum GMAT score is 550 and the minimum GPA is 3.2
Back to top
How are the programs structured?
MBA Program: 42 credit hours:
- 6 core courses (18 credit hours)
- 3 experiential courses (9 credit hours: residency week, intl trip, internship)
- 5 elective courses (15 credit hours; several interesting tracks available)
MSA Program: 30 credit hours
- 7 required courses (21 credit hours)
- 3 elective courses (9 credit hours)
Back to top
Is financial assistance available?
There are a limited number of financial assistance options available. Students must submit their complete application package by January 15th to be considered for financial assistance. These include several graduate assistantships, several business school tuition scholarships and several university-wide scholarships. See http://www2.umaine.edu/graduate/article.php?id=83 Many students are also able to find assistantships across the University by checking with different departments such as Housing, Financial Aid, or student recreation among others. The Graduate School also maintains a list of assistantships on their First Class site.
Back to top
What are the application deadlines?
To be considered for fall admission all application materials must be received by June 1, and by November 1 for the spring semester. Completed applications for students requesting financial aid must be received by the January 15 prior to fall semester.
Back to top
How do I apply to the programs?
Click here to APPLY ONLINE
Back to top
Can graduate credit from other universities be transferred into the program?
A maximum of 6 hours of credit in the case of a master's candidate may be accepted in transfer (subject to the approval of the candidate's advisory committee) for appropriate courses completed in residence at other institutions prior to matriculation in the Graduate School at The University of Maine. Courses to be accepted must have been taken at a fully AACSB accredited college or university which offers a graduate program, and must be acceptable at that institution in partial fulfillment of its requirements for an advanced degree.
Note about grades and credits: Normally, only a grade of "A" or "B" is acceptable for course work on a student's program of study. A grade of "C" may carry graduate degree credit if a student's advisory committee so recommends and if the Graduate School approves such an exception. No student, however, will be allowed to accumulate more than six hours of "C" grades on a program of study for a master's degree.
Back to top
Tell me about the MBA and MSA students.
Our students represent a diverse mix of talented people of many ages and demographics. Below are some recent statistics:
| Data for 2006-2008 |
| Gender |
Males: 64% (Maine: 47%, International: 14%, Out-of-state: 3%)
Females: 36% (Maine: 29%, International 7%) |
| Program |
Full-time students: 60%
Part time students: 40% |
| Undergraduate Degrees |
Business: 35%
Engineering: 15%
Social Sciences: 14%
Humanities/Arts: 13%
Science/Math: 10%
Computer Science: 5%
All others: 8% |
Back to top
How much do the MBA and MSA programs cost?
Click here to see the current tuition and fees.
Back to top
Can I complete the program while working full time?
Yes. As shown above, about 40% of our students are part time and most of them work in full-time demanding jobs. They can work towards their degrees because the great majority of our MBA classes are in the evenings; usually once per week from 6:30 - 9:15 pm. Similarly, most of the MSA classes are either in the evening or in the late afternoon, making them acessible to people who work during the day.
Back to top
What are the term dates?
Click here to see the Academic Calendars for the University
Click here for the University of Maine Home Page
Back to top
Maine Business School Graduate Business Programs
209 DP Corbett Business Building
University of Maine
Orono, ME 04469
207-581-1973
mba@maine.edu
Nory Jones
Director, Graduate Business Programs
Associate Professor, Management Information Systems
|
