Business Administration (M.B.A. Program)

Admission (M.B.A.)

Admission to any graduate program is contingent upon admission to the Graduate School. In addition, applicants to the M.B.A. program must comply with the following:

Admission to the Master of Business Administration program is limited to holders of baccalaureate degrees from regionally accredited institutions who demonstrate high promise of success in graduate business study. Several measures of probable success may be included in the evaluation of an applicant; criteria which may be considered are:

  1. Performance on the Graduate Management Admission Test (GMAT); see below.
  2. Undergraduate grade point averages and the trend of grades earned during undergraduate education.
  3. Other indicators of promise of success in the graduate study of business, such as relevant employment and leadership experience.

Appeals to an admission denial may be made in writing to the Director of Graduate Programs, Mike Ilitch School of Business. Guidelines for formal appeals are available in the Mike Ilitch School of Business's Graduate Programs Office, room 103 Prentis Building.

Graduate Management Admission Test (GMAT)

The GMAT must be taken prior to admission to graduate study. This test is a three-hour aptitude test designed to measure certain mental abilities and skills important in the study of management. The GMAT includes verbal, quantitative analytical writing and integrated reasoning sections administered by a computer. The Educational Outreach Office offers a preparation course for the GMAT (313-577-4449).

The GMAT is offered on a continuous basis by appointment at computer-based testing centers throughout North America and at selected international sites. Candidates can schedule a testing appointment by calling 1-800-717-GMAT (4628). A list of test centers is provided in the GMAT Bulletin and on GMAT’s website.

Most prospective graduate business students will take the GMAT or GRE for admissions, although the School of Business does offer GMAT/GRE waivers to highly qualified applicants. This is generally defined as those applicants who meet one of the following criteria:

  1. Acceptable score on the Graduate Record Examinations (GRE), Law School Admission Test (LSAT) or Medical College Admission Test (MCAT) entrance exam.
  2. GPA of 3.0 or higher from an AACSB-accredited business program (or GPA of 3.2 or higher from a regionally-accredited university in any major) OR at least three years of relevant professional experience that shows increased responsibility over that period.

Please contact the Graduate Programs Office for more information on GMAT waivers or equivalency requirements

Application

A completed Application for Graduate Admission, the application fee, and an official transcript from each college or university attended are required before a student can be considered for admission to graduate status.

 

Candidates for the Master of Business Administration degree must complete thirty-six credits in final-program course work with a minimum grade point average of 3.0. Additional foundation course work may be required prior to beginning the thirty-six final-program credits.

Degrees are granted upon the recommendation of the faculty of the Mike Ilitch School of Business. All course work must be completed in accordance with the regulations of the Graduate School and the Mike Ilitch School of Business governing graduate scholarship and degrees.

Course Distribution Requirements (M.B.A.)

The master's degree program provides a fundamental background in business administration as well as opportunities for advanced specialization in particular areas. The program beyond the common body of knowledge is broad in nature and is directed at general competence for overall business management. There are three phases of course work required:

  • foundation
  • core
  • electives and/or concentrations

Depending on the student's academic background, there may be no foundation courses or as many as seven foundation courses required. All students must complete six core courses. Students must also choose six elective courses which can be used as part of a general curriculum. Students in the Traditional M.B.A. program may select electives that apply toward the completion of one or more of the concentrations as listed on the "Concentrations" tab.

Foundation Requirements (M.B.A.)

The following foundation courses are open only to students who have been formally admitted to a graduate program at Wayne State University — undergraduate, post-baccalaureate, and non-matriculated students are not eligible. (Analogous courses offered at the undergraduate level may be taken to satisfy Foundation Requirements prior to graduate admission. However, once a student has been formally admitted to the M.B.A. program, NO graduate credit shall be allowed for subsequent registrations in undergraduate courses analogous to the Graduate Foundation Requirements without approval of the Graduate Committee or its designee. Information regarding such courses is available in the Graduate Programs Office, 103 Prentis Building.) A cumulative grade point average of 3.00 ('B') is required for foundation requirements and no individual grade below 2.0 ('C') is acceptable. All foundation requirements must be completed before a student begins core and elective courses.

BA 6000Introduction to Accounting and Financial Reporting2
BA 6005Basics of Financial Management2
BA 6010Basics of Business Economics2
BA 6015Marketing Foundations2
BA 6020Contemporary Principles of Management2
BA 6025Basics of Production/Operations Management2
BA 6090Quantitative Analysis: Theory and Application2

In general, a baccalaureate degree in Business Administration from a regionally accredited institution fulfills most foundation requirements. However, each applicant's background will be individually examined to determine if any foundation course work is needed. If courses proposed to satisfy the foundation requirements of the M.B.A. program are over six years old, the Graduate Committee may require the applicant to demonstrate proficiency in the subject matter either by interview with a faculty member, by taking an equivalent course, or by taking an equivalent course by examination.

Foundation Waivers: While all of the above foundation courses are required, students who have had equivalent course work in their undergraduate programs (except for BA 6005, see below) with a cumulative g.p.a. of 3.00 ('B') or higher may be granted waivers of certain foundation courses at the time of their admission to the graduate program.

BA 6005 Foundation Waiver Criteria:

  1. Students who have earned a grade of 3.00 ('B') or higher in an undergraduate course that is compatible with BA 6005 and the prior course was taken within the last three years from an AACSB accredited college or university. These students must also have quantitative GMAT/GRE scores higher than the 50th percentile.
  2. Students who are Finance or Accounting majors from an AACSB accredited US or Canadian university, have obtained a g.p.a of 3.00 or higher in the major, and have graduated in the last two years.
  3. Students who are not Finance or Accounting major but have completed FIN 3290 or an equivalent course from an AACSB accredited US or Canadian university within the last 12 months and passed the course with a grade of 3.33 (‘B+’) or higher.
  4. Students who do not meet any of these conditions may take and pass a waiver exam administered by the Department of Finance; however, they are strongly encouraged to take BA 6005. BA 6005 (Basics of Financial Management) is a prerequisite for BA 7020.

Business Information Systems and Mathematics Proficiency: In addition to these courses, one college-level mathematics course and one course in business information systems are required.

Writing Proficiency: Each student admitted to the graduate business program is required to demonstrate competency in analytical writing. A score of at least 3.5 on the GMAT writing assessment will demonstrate this competency. A student who scores below 3.5 on the GMAT writing assessment must complete with a grade of 'C' or better ENG 3050 or a writing course approved by the Mike Ilitch School of Business Graduate Programs Office. The cumulative g.p.a. of all waived courses (for example, introduction to accounting or finance) and courses taken to demonstrate competency, such as ENG 3050, must be 'B' (3.0) or higher.

Core Requirements (M.B.A.)

The following six core courses are required of all students:

BA 7000Managerial Accounting3
BA 7020Corporate Financial Management3
BA 7040Managing Organizational Behavior3
BA 7050Marketing Strategy3
BA 7070Social Perspectives on the Business Enterprise3
BA 7080Strategic Management 13
1

BA 7080 is the capstone course and is to be taken in the final twelve credits of the graduate program and only after the completion of the other five core courses. For those students with an undergraduate major in accounting, management or marketing, a more advanced course in a subject area (approved as part of the student’s Plan of Work) must replace the pertinent core course noted above.

Examination Requirements (M.B.A./C.P.A.)

M.B.A. students who hold a baccalaureate degree in a field other than accounting and who wish to qualify to sit for the C.P.A. examination in the State of Michigan should contact their advisor in the Graduate Programs Office (313-577-4511) as early as possible. While no formal M.B.A. curriculum is offered to meet the educational requirements of the Michigan State Board of Accountancy, an individualized Plan of Work can be developed. Generally, such a Plan of Work includes more than the minimum number of courses required for the M.B.A.

Concentration Requirements (M.B.A.)

The purpose of the concentration is to provide depth in a specialization that will contribute to the student's attainment of his or her professional objectives. The Mike Ilitch School of Business currently offers twelve areas of concentration. The following are the areas of concentrations and the list of courses that must be completed to fulfill the concentration requirement.

Accounting Systems

Select three of the following:9
Intermediate Financial Accounting I
Intermediate Managerial Accounting
Accounting Systems: Design and Controls
ERP Systems and Business Integration
Total Credits9

Auditing

Select three of the following:9
Intermediate Financial Accounting I
Intermediate Financial Accounting II
Auditing
Advanced Auditing
Total Credits9

Corporate Governance

ACC 7310Business and Professional Ethics for Managers and Accountants3
BLW 7220Law of Corporate Management and Finance3
MGT 7620Complex Organizations3
Total Credits9

Finance

FIN 7230Investment Policies3
Select at least two of the following:6
Applied Financial Analysis
Corporate Valuation: Techniques, Models and Strategic Applications
Advanced Managerial Finance
Topics in Finance
Fixed Income Securities
Futures and Options
Money and Capital Markets
International Finance
Total Credits9

Financial Accounting

ACC 7040Intermediate Financial Accounting I3
ACC 7050Intermediate Financial Accounting II3
Select at least one of the following:3
Financial Statement Analysis
Advanced Accounting I
Accounting Systems: Design and Controls
Forensic Accounting
Auditing
Governmental and Not-for-Profit Accounting
Advanced Auditing
Total Credits9

Global Supply Chain

GSC 7620Global Supply Chain Management3
GSC 7650Strategic Procurement3
Select one of the following:3
ERP Systems and Business Integration
Supply Chain Decision Tools
Theory of Constraints: Breakthrough Solutions
Special Topics in Supply Chain Management
Principles of Quality Management
Database Management
Business Research and Methodology
International Business
International Marketing Strategy
Management of Retail Enterprises
Business and Sustainability
Business and Sustainability
Total Credits9

Human Resources Management

MGT 7640Management of Human Resources3
MGT 7750Labor Relations and Collective Bargaining3
Select one of the following (ELR are Employment and Labor Relations courses):3
Health Care, Retirement, and Employee Benefit Plans
Employment Relations Law in North America
Strategic Human Resource Management
Compensation Administration
Total Credits9

Information Systems Management

Select at least three of the following:9
Information Analytics: Inbound Information Technology
Database Management
Societal and Ethical Issues in the Information Age
Survey of E-Commerce
Data Mining
Corporate Computer Networks and IT Security
Digital Content Development
Principles for Customer Relationship Management
Total Credits9

Internal Audit

ACC 7165Internal Audit I3
Select at least two of the following:6
Intermediate Financial Accounting I
Intermediate Financial Accounting II
Accounting Systems: Design and Controls
Forensic Accounting
Auditing
Advanced Auditing
Business and Professional Ethics for Managers and Accountants
Internship in Accounting or Tax Practice
Total Credits9

International Business

MKT 7460International Business3
MKT 7500International Marketing Strategy3
Select one of the following:3
Global Supply Chain Management
International Finance
Business and Sustainability
Total Credits9

Management

Select at least three of the following:9
Complex Organizations
Organizational Change and Development
Management of Human Resources
Entrepreneurial Management
Strategic Leadership
Leading in Organizations
Management through Constructive Persuasion
Project Management
Project Management
Business and Sustainability
Seminar in Management
Total Credits9

Marketing

MKT 7450Business Research and Methodology3
MKT 7470Consumer and Industrial Buying Behavior3
Select one of the following:3
Strategic Procurement
Principles for Customer Relationship Management
Global Automotive Marketing Strategy
Advertising Management
International Business
International Marketing Strategy
Management of Retail Enterprises
Business and Sustainability
Total Credits9

Taxation

Select three of the following:9
Introduction to Taxation: Individuals
Accounting and Tax Research and Professional Communications
Introduction to Taxation: Business Entities
Advanced Tax Research and IRS Procedures
Taxation of Corporations and Shareholders
Taxation of Pass-Through Entities
Taxation of International Business and Multinational Transactions
Tax Accounting Methods and Accounting for Income Taxes
Taxation by State and Local Jurisdictions
Taxes and Business Strategy
Total Credits9
 
 

Elective Requirements (M.B.A.)

All elective courses must be at the 7000 level or higher and must be offered by the Mike Ilitch School of Business. The written approval of the Dean or his/her designee is required to take any course as an M.B.A. elective outside the Mike Ilitch School of Business. (Only students holding a bachelor's degree in business administration are eligible to take elective courses outside the Mike Ilitch School of Business.) Students may select any combination of elective courses from the following set of courses.

Accounting

ACC 7040Intermediate Financial Accounting I3
ACC 7050Intermediate Financial Accounting II3
ACC 7115Financial Statement Analysis3
ACC 7120Introduction to Taxation: Individuals3
ACC 7122Advanced Accounting I3
ACC 7130Intermediate Managerial Accounting3
ACC 7145Accounting Systems: Design and Controls3
ACC 7148ERP Systems and Business Integration3
ACC 7155Forensic Accounting3
ACC 7165Internal Audit I3
ACC 7170International Accounting3
ACC 7180Auditing3
ACC 7188Governmental and Not-for-Profit Accounting3
ACC 7190Advanced Auditing3
ACC 7300Accounting and Tax Research and Professional Communications3
ACC 7310Business and Professional Ethics for Managers and Accountants3
ACC 7320Introduction to Taxation: Business Entities3
ACC 7335Taxation of Corporations and Shareholders3
ACC 7340Taxation of Pass-Through Entities3
ACC 7400Taxation of International Business and Multinational Transactions3
ACC 7410Tax Accounting Methods and Accounting for Income Taxes3
ACC 7420Taxation by State and Local Jurisdictions3
ACC 7450Taxes and Business Strategy3
ACC 7998Seminar in Tax and Accounting Policy3

Business Law

BLW 7210Business Law for Entrepreneurs3
BLW 7220Law of Corporate Management and Finance3

Finance

FIN 7000Applied Financial Analysis3
FIN 7090Money and Capital Markets3
FIN 7220Advanced Managerial Finance3
FIN 7229Corporate Valuation: Techniques, Models and Strategic Applications3
FIN 7230Investment Policies3
FIN 7280Entrepreneurial Finance and Venture Capital3
FIN 7290Topics in Finance3
FIN 7330Fixed Income Securities3
FIN 7340Futures and Options3
FIN 7870International Finance3

Global Supply Chain Management

GSC 7010Supply Chain Decision Tools3
GSC 7260Theory of Constraints: Breakthrough Solutions3
GSC 7620Global Supply Chain Management3
GSC 7670Special Topics in Supply Chain Management3
GSC 7650Strategic Procurement3
GSC 7991Principles of Quality Management3

Information Systems Management

ISM 7505Information Analytics: Inbound Information Technology3
ISM 7510Database Management3
ISM 7520Information Systems Design3
ISM 7530Societal and Ethical Issues in the Information Age3
ISM 7560Survey of E-Commerce3
ISM 7570Data Mining3
ISM 7575Corporate Computer Networks and IT Security3
ISM 7900Project Management3
ISM 7994Digital Content Development3
ISM 7996Principles for Customer Relationship Management3
ISM 8000Seminar in Information Systems and Management3

Management

MGT 7620Complex Organizations3
MGT 7630Organizational Change and Development3
MGT 7640Management of Human Resources3
MGT 7650Strategic Human Resource Management3
MGT 7660Entrepreneurial Management3
MGT 7700Leadership and Management of Innovation and Technology3
MGT 7750Labor Relations and Collective Bargaining3
MGT 7770Union Contract Administration3
MGT 7780Concepts and Processes of Dispute Resolution I: Negotiating Theory and Practice3
MGT 7790Compensation Administration3
MGT 7815Strategic Leadership3
MGT 7816Leading in Organizations3
MGT 7850Management through Constructive Persuasion3
MGT 7900Project Management3
or ISM 7900 Project Management
MGT 7950Business and Sustainability3
or MKT 7950 Business and Sustainability
MGT 8000Seminar in Management3

Marketing

MKT 7150Global Automotive Marketing Strategy3
MKT 7430Advertising Management3
MKT 7450Business Research and Methodology3
MKT 7460International Business3
MKT 7470Consumer and Industrial Buying Behavior3
MKT 7500International Marketing Strategy3
MKT 7700Management of Retail Enterprises3
MKT 7870Seminar in Marketing3
MKT 7890Internship in Marketing3
MGT 7950Business and Sustainability3
or MKT 7950 Business and Sustainability
MKT 7995Directed Study in Marketing1-3