Wayne State University, School of Business Administration
Academics
The School of Business offers the Master of Business Administration (MBA), Master of Science in Taxation (MST), and Master of Science in Accounting (MSA) as well as a joint degree in law (JD/MBA). Other programs include joint research and cross-registration with the School of Law for students in the MST program. The strongest areas of study are finance, international business, and information systems. The most popular courses are International Business and Finance. Regular programs bring distinguished speakers and visiting professors to campus, including the Entrepreneurship Forum and the George Husband/Alvin Gorton Lecture Series.
Thirty-six total credits are required to complete the MBA, including 12 elective credits. Required courses include:
Managerial Accounting
Corporate Financial Management
Managing Organizational Behavior
Social Perspectives on the Business Enterprise
Strategic Management
Marketing Strategy
Required courses for the MST include:
Tax and Accounting Research
Tax Communications, Procedure, and Professional Ethics
Advanced Tax Problems
Taxation of Corporations and Shareholders
Taxation of Partnerships, and Limited Liability Companies * 3 of the following: * Advanced Accounting * Governmental Not-for-Profit Accountng
Cost Accounting, Control, and Analysis
International Accounting
Auditing
Tax and Accounting Research
Advanced Tax Problems
Students may eliminate or substitute requirements.
Business students may take relevant nonbusiness courses in other departments. The maximum time permitted to complete the master’s degree program attending full time or part time is 6 years.
In a recent year, there were 58 total full-time graduate business faculty, of whom 90% held a doctorate; there are 36 part-time faculty, of whom 53% held a doctorate. Faculty salaries are rated above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 2; average business class size is 35.
Wayne State University, School of Business Administration
Admissions
A bachelor’s degree is required, along with a GPA of 2.75 and a GMAT score of 450. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT, or minimum 1000. Most important admissions factors are grades in upper-level courses, GMAT results, and letters of recommendation. A strong mathematics background is required.
The number of applicants for a recent year class was 498; 333 were accepted; 206 enrolled. The average GPA was 3.2; average GMAT score was 530. Transfers are accepted. Minority students are actively recruited.
Students may begin the MBA program in the fall, winter, and spring. To apply, students must submit an application form, a transcript, GMAT scores, and a nonrefundable application fee of $50. The application deadlines are July 1 for fall entry; November 1, winter, March 15, spring. Students are notified after the admissions file is complete of the admissions decision. The latest acceptable test date for fall entry is June.
Financial Aid
Stipends and programs are available for minority students. The GAPSFAS and the previous year’s tax return are required. Check with the school for current application deadlines.
Tuition for in-state residents is $415 per credit. Nonresidents pay $846 per credit. On-campus room and board costs approximately $7000; books and supplies, $1000; personal expenses, $2600; and other fees, $500. Graduate student housing is limited. There is a referral service to help procure off-campus housing.
Wayne State University, School of Business Administration
Students
Nineteen percent of a recent graduate business school class was enrolled full time; 95% had an average of 2 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students were from Michigan (95%). Forty-one percent were women and 16% were minorities. The average age at entrance was 27; ages ranged from 21 to 55. Five percent already had a graduate degree. Students’ undergraduate majors were as follows: 55%, business; 20%, engineering; 14%, liberal arts; 5%, economics; 3%, math and science; and 3%, social sciences.
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