Oregon State MBA overview
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Some information about the Oregon State MBA program. Presentation includes general information on the benefits of an MBA, as well as specific topics pertaining to our offering, including format, admissions, tuition and fees and scholarship information.
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Oregon State MBA overview
- 2. Agenda • Introductions • What is an MBA? • Benefits of an MBA • The Oregon State MBA • Format • Degrees & tracks • Admissions Process • Key Takeaways • Questions & Answers
- 3. Introductions • Jim Coakley: Associate Dean • Clara Horne: Special Assistant to the Associate Dean • Brian Precious: MBA Program Director • Ashley Murphy: Academic Advisor • Caitlin Wright: Office Manager (not pictured)
- 4. What is an MBA? • Masters of Business Administration • Post-graduate degree awarded to those who have mastered the study of business • Students study the theory and application of business and management principles • Typical coursework includes the study of accounting, economics, human resources, marketing, finance, operations, project management and strategy • Does not require an undergraduate business degree
- 5. Is an MBA Valuable? • According to a survey of MBA’s graduating between 2011-12 (n=4135): • 93% found the experience personally rewarding • 86% advanced professionally • On average students recouped their investment in 4 years • Source: GMAC 2012 alumni perspectives survey • MBAs Graduating in 2012 • Full-time MBA graduates reported an average salary increase of 81% (2-year) • Full-time one-year MBA graduates reported an average salary increase of 67% • Part-time MBA graduates reported an average salary increase of 53% • Source: http://poetsandquants.com/2012/05/30/the-mba-bump-how-much/ • MBAs Graduating in 2013 • 85% report their MBA gave them a competitive advantage in the job market • 81% reported greater empowerment over their employment outcomes • 77% felt their education introduced them to new career opportunities • Source: Job Search - Class of 2013 (GMAC)
- 6. Benefits of an MBA Enhanced skill set Budgeting (Grants, research proposals) Abstract/critical thinking Project management Accounting/Finance Greater interpersonal, managerial and leadership abilities Improved career flexibility/ability to change jobs Enhanced credibility with investors/funders of startup organizations Higher Salary Potential Global Alumni Network
- 7. The Oregon State MBA - Overview • Flexible • Full-time, part-time and online/hybrid offerings • Nine tracks, or specializations • Most classes available during the day and in the evenings • Some classes available in Portland and Bend • Experiential Learning Opportunities • Learn by doing • OSU Advantage Accelerator • Project based learning • Integrated Business Project (IBP) • Well-regarded • AACSB accredited (1 of only 5 schools in Oregon) • Princeton Review – “Best in the West” (2013)
- 8. The Oregon State MBA – Program Components • MBA Foundation Knowledge (3-15 credits) • Pre-MBA coursework for non-business majors • Accounting/finance, marketing/management, sustainable business operations, business/legal environment • Students may be able to opt out of some foundation courses if they have received equivalent on-the-job training • Students can take foundation courses at OSU, online and/or at a local community college • MBA Core • Skills and knowledge every OSU MBA graduate must have • Curriculum includes coursework in Financial/Cost Analysis, Business Law, Finance, Leadership, Business Analysis, Supply Chain Management, Project Management, Strategic Management, Information Systems, Quantitative Methods, and New Product Development • Track-specific coursework • Career specialization (see next slide for more information)
- 9. The Oregon State MBA - Tracks Track Overview Credits Start Term Finish Term Information Accountancy Prepares students for Certified Public Accountant (CPA) credential 45 - 73 Fall Spring here Business Analytics Students learn how to use organizational data for operational and strategic decision making. 45 Any Spring here Commercialization Students create research-driven, investor-ready business plan. 45 Any Spring here Executive Leadership (online/hybrid) Students prepare for managerial and leadership positions through coursework in ethical leadership, negotiations and an integrative capstone project 45 Any Any here Global Operations Students acquire a mastery of international operations and supply chain management concepts and methods. 45 Any Spring here Market Research Students prepare for careers in market research. 50 Fall Fall (typically) here Research Thesis Students engage in research with COB faculty. 47 Any Any here Wealth Management Prepares students for careers in wealth management and financial planning. 53 Fall Winter here
- 10. Admissions Overview • Requirements • GPA • GMAT • TOEFL (international applicants) • Tuition, Fees & Scholarships • What We Look For • The Application Process
- 11. Minimum Admissions Requirements • To be eligible for admission, students must meet the following criteria: • GPA • At least a 3.0 from a regionally accredited college or university • If under a 3.0, advisors can work with applicants to determine eligibility on a case-by-case basis • GMAT (or GRE) • Minimum 500 overall score • Minimum 20% on verbal, quant, IR and writing sub-scores • We can provisionally admit an applicant w/o a GMAT score: • You can complete up to 9 credits, then must submit a valid score • We may waive the GMAT if an applicant has already earned a Master’s degree • We will waive the GMAT for any PhD student who has completed their comprehensive exams • See website for more details on GRE minimums (304, 30% percentile, 3.5+ on AWS) • TOEFL (international applicants) • 575 on paper based OR 7.0 on IELTS OR 91 on internet-based version (iBT) with all sub scores at or above 22 • Applicants must achieve minimum TOEFL score before they are allowed into any MBA classes
- 12. Preferred Admissions Qualifications • GPA • 3.0 or higher in business or technical field • GMAT (not GRE) • 600+ with strong performance in all sub-sections • Professional experience • Job(s) • Internship(s) • Volunteer experiences • Demonstrated leadership abilities/capabilities • Demonstrated project and time management capabilities • Excellent communication skills (written and verbal) • Demonstrated ability to work effectively in teams
- 13. Application Process and Requirements I. Online Application form: here I. $60 fee II. Official Transcripts III. Resume IV. Short Answer Questions V. Letters of Reference (3) VI. Test Scores I. GMAT or GRE II. TOEFL (international students) VII. Informational Interview
- 14. Tuition, Fees, Financial Aid and Scholarship • Tuition is based on number of credit hours and residency status. See Business Affairs website for more information: • Majority of financial assistance is administered by the financial aid office (541) 737-2241 • Scholarship information can be found at http://oregonstate.edu/admin/finaid/ • Academic Merit Scholarships • Available for high-caliber students who advance the quality of the program and the diversity of perspective amongst MBA program participants • All admitted MBA students are considered • Named scholarships listed on website • Many have specific requirements Credit Hours In-State Out-of-State 1 $690 $1,130 3 $2,070 $3,390 15 $6,390 $10,350
- 15. Where are they now?
- 16. Key Takeaways • An MBA can add value in many ways to those with or without a business background • Oregon State offers a high-quality, flexible program at a great value • Most tracks can be completed in about a year by someone without a business background • Our staff is willing to speak with students at all stages of the decision process • OSU MBA graduates are in demand with top employers
- 17. Thank You! • We appreciate your time and willingness to speak with us about the MBA program • Join us on social media: • For more information, please contact us: • OSUMBA@bus.oregonstate.edu • +1 (541) 737-5510 • We are happy to answer any questions.
Editor's Notes
- Application to the Oregon State MBA program requires the following documentation, along with a $60 application fee, payable by credit card: 1. Application Form The MBA program uses the Oregon State University Graduate School’s online application form. 2. Transcript(s) A transcript from the institution conferring your undergraduate degree is required. Transcripts from any subsequent degrees or coursework completed beyond your undergraduate studies are required as well. Transcripts from transfer coursework used toward the completion of your undergraduate degree are not required as long as your degree-conferring transcript includes at least 90-quarter or 60-semester credit hours. However, if you intend to use transfer coursework to satisfy Foundation Knowledge requirements and the transfer work is not included on your degree-conferring transcript, then transcripts with grades for the transfer courses must be submitted. For institutions outside the United States, both an original language version and a certified English translation of all academic records and degree statements are required.Please include certificates/diplomas for all degrees earned. Unofficial transcripts may be scanned and uploaded to your online application. An unofficial transcript is a copy of an official transcript. Web-generated transcripts are not accepted. Applications will be reviewed with unofficial transcripts; however, admitted students will be required to submit official documents at the time of admission. A transcript is considered official only when it is received by our office in a sealed envelope from the issuing institution. If you are admitted while finishing your undergraduate degree, then please submit your most up-to-date transcript at the time of your application. You will be required to submit an official final transcript showing degrees awarded and dates earned before you will be permitted to register for your first term of MBA studies. Official transcripts should be mailed to: Graduate Business Programs College of Business Oregon State University 443 Austin Hall Corvallis, OR 97331 USA 3. Résumé Your résumé should be detailed and current. You may wish to include full-time positions, as well as part-time jobs, relevant internships, volunteer service and professional associations/affiliations. 4. Short Answer Questions On the application form, you will be required to answer several short answer questions detailing your motivation for admission and goals upon completion of the program. 5. References The MBA application requires three references. If you have completed your undergraduate studies within the last two years of applying to the MBA program, then at least one of your references should be academic. Otherwise, professional references are encouraged. References can be managed through the online application’s reference system. By including the names and email addresses of your reference providers on your application form, your providers will automatically receive an email with an electronic reference form once you submit your application. Electronic references are typically added to your application file within one business day of receipt. Reference providers who prefer to write letters may email their references directly to OSUMBA@oregonstate.edu or send them as hard copy through the mail in sealed envelopes with the reference provider's signature written across the envelope flap (refer to mailing address in Transcripts section above). Reference letters received via email should be sent as attachments on professional letterhead. We will not accept letters uploaded by applicants to the document upload section of the online application form, emailed by applicants, or submitted as hard copy by applicants unless still in a sealed envelope with the reference provider's signature across the envelope flap. 6. Test Scores GMAT/GRE - Scores from either the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE) are required. Test scores are valid for five years. If you take the GMAT or GRE multiple times, then the most recent test date is the score considered with your application. Score reports should be sent electronically by the testing agency using OSU’s institution code of PW4-DR-05 for the GMAT or 4586 for the GRE. The GMAT/GRE requirement may be waived if you have earned a 45-quarter credit equivalent graduate degree from a regionally accredited (US) or recognized (International) college or university. Applicants to the MBA in Executive Leadership program with extensive work experience and a record of superior academic performance have the option of applying for a GMAT waiver. Pease see the GMAT waiver page for more information. TOEFL/IELTS - All international applicants who did not receive a degree in the U.S., Australia, Canada, New Zealand, or the United Kingdom are required to submit scores from either the TOEFL or IELTS. Scores must not be more than two years old and must be from one exam date. The most recent test date is the score considered with your application. Score reports should be sent electronically by the testing agency using OSU’s ETS institution code of 4586. See the official TOEFL website or IELTS website for more information on these exams.TOEFL waivers may be considered on a case-by-case basis for applicants who earned a bachelor's or master's degree from an institution at which English is the language of instruction. 7. Informational Interview The informational interview is an informal conversation between you and a member of the MBA Admissions Committee. The purpose is for you to gain further insight into the MBA program and for us to learn more about your background, interests, and goals. Invitations for informational interviews are typically sent within two weeks of receipt of a completed application. If you do not reside locally, we will be happy to speak with you over the phone or by Skype.