MBA programs are available from nearly every institution of higher education that offers graduate degrees, so your choices are vast. But, at Embry-Riddle, you’ll be pursuing your Master degree already aligned with an industry. Students have followed their career path in companies like American Airlines, Boieng, British Airways, Federal Aviation Administration, amongst other consultancies and commercial firms.

1. The World’s Leader in Aviation and Aerospace Higher
Education
“Harvard of the Skies”
according to Times Magazine

3. Daytona Beach Area
Activities:
• The World’s Most Famous Beach
• International Speedway
• Swimming
• Surfing
• Sailing
• Fishing
• Golfing (home of the LPGA)
• Theaters and Museums

4. Daytona Beach inlet and ocean… water and
sun all around you 

5. My First Semester at Embry-Riddle
Daytona Beach is small but there is a lot going on in and around the city
and Embry-Riddle has a lot of fun events to offer!
October Fest at Embry-Riddle
At Embry-
Riddle there
are planes
everywhere
you look
Beach is 10 minutes away
Mr. Noah Gronwald
MBA 2017

6. College of Business
MBA,
MBA-AM
MSAF Degree Programs

7. A Brief Introduction…
Prof. Dr. Anke Arnaud,
Associate Professor and
MBA/MBA-AM Program Coordinator
Prof. Dr. Sunder Raghavan,
Professor and
MSAF Program Coordinator

8. MBA and MBA – AM Programs
• MBA PROGRAM – CORE CLASSES
• MBA PROGRAM – ELECTIVES
• MBA SPECIALIZATIONS

9. MBA Program- Core Classes
AVIATION BUSINESS CORE CREDITS
BA 511 Operations Research 3
BA 514 Strategic Marketing Management in Aviation 3
BA 517 Accounting for Decision Making 3
BA 518 Managerial Finance 3
BA 520
Organizational Behavior, Theory, and Applications in
Aviation
3
BA 523 Advanced Aviation Economics 3
BA 635 Business Policy and Decision Making 3
TOTAL CORE HOURS 21

10. MBA Program (Choose Four)- Electives
ELECTIVE COURSE
BA 590 Graduate Seminar BA 630 Aviation/Aerospace Systems Analysis
BA 603 Aerospace Production & Operations Mgmt. BA 632 Seminar in Aviation Labor Relations
BA 604
International Management and Aviation
Policy
BA 645 Airport Operations and Management
BA 607 Human Resource Development BA 646 Air-Cargo Logistics Management
BA 609 Airline Operations and Management BA 650 Airline/Airport Relations
BA 610 Airline Opt & Simulation Systems BA 651 Airport Strategic Planning
BA 615 Investments BA 655 Aviation Law and Insurance
BA 616 Electronic Commerce BA 696 Co-op/Internship
BA 618 Advanced Corporate Finance BA 699 Special Topics in Bus Admin
BA 620 Organizational Theory BA 700 Thesis
BA 625 Airline Marketing BA 683 Supply Chain Management

11. MBA Specialization
Airline
Management
• BA 609 Airline
Operations and
Management
• BA 650
Airline/Airport
Relations
Airport
Management
• BA 645 Airport
Operations and
Management
• BA 651 Strategic
Airport Planning
Aviation System
Management
• BA 610 Airline
Optimization and
Simulation
Systems
• BA 630 Aviation/
Aerospace
Systems Analysis
Finance
• BA 615
Investments
• BA 618 Advanced
Corporate
Finance
Supply Chain
Management
• BA 683
Supply Chain
Management
And either:
• BA 630 or
• BA 646 or
• BA 603 or
• BA 610

12. MSAF Program
• This degree gives students knowledge about operations, along with the
portfolio of expertise and skills they need to manage the financial risk,
monetary policies, and economic strategies used by commercial firms and
regulators in the global air transportation industry
• This degree offering is for those students wishing to pursue a dedicated
curriculum in the field of aviation finance.
• The courses in the program deliver the required knowledge of the business
and operational aspects of the aviation / aerospace industry while
presenting the needed classes in economics, accounting and financial
practices and models used by firms not just in the aviation industry but
business across the globe.

13. The MSAF program offers courses that create a
very unique degree.
PREREQUISITE COURSE TITLE CREDITS
Aviation Management
Core
BA 514 Strategic Marketing Mgmt. In Aviation 3
BA 517 Accounting for Decision Making 3
BA 523 Advanced Aviation Economics 3
BA 609 Airline Operations and Management 3
Required Finance Class
FIN 518 Managerial Finance 3
FIN 615 Investments 3
FIN 618 Advanced Corporate Finance 3
FIN 620 Air Transport Economic Modeling 3
FIN 621 International Aviation Finance 3
FIN 622 Aircraft and Airline Financing 3
Concluding Degree
Requirement
FIN 699 Special Project 3
- OR -
FIN 696 Internship 3
TOTAL CREDITS REQUIRED 33

14. ISTAT – A One Of Its Kind Course
The ISTAT University Program is a cooperative venture between Industry and
academic professionals
The program aims to develop academic courses based on input from the
industry to better prepare students for industry positions related to areas
such as aircraft leasing, airline credit analysis and other member industries
The program consists of 10 modules
As part of the program the students will take two courses in spring and fall –
namely FIN 695(A) and FIN 695(B) with an internship during the summer and
will receive an ISTAT-U diploma

15. ISTAT – Modules
FIN 695(A) – Offered in Spring
Principles of Aircraft Leasing v. Ownership)
Aircraft Selection Strategy Basics
Aviation Legal and Regulatory Framework
Airline Credit Analysis
Aircraft Funding – Debt, Equity & the Capital Markets
FIN 695(B) - Offered in Fall
Principles of Maintenance Reserve Development and Management
Portfolio Management & Risk Management
Transaction Modeling for Aircraft Returns
Transaction Modeling for Aircraft Returns: Part 2
Lease Negotiations

16. What do I Need to Get the ISTAT-U Diploma
Take FIN 695(A) in Spring
Internship in Summer
Take FIN 695(B) in Fall
Students can start the diploma either in Fall or Spring each year
Currently the program has 20 students registered in the classwith highly
diverse backgrounds (Zimbabwe, India, China, United States, Italy, Peru,
Ukraine, Pakistan, Ghana and other countries).

17. What the Students Say About ISTAT Courses
Participating in the ISTAT Foundation Internship Program provides me
with a unique opportunity of a smooth transition from the classroom
to the industry environment, thus strengthening and magnifying the
knowledge base I already possess.
-Olena Manakina, USA, MSAF
ISTAT program has given me the opportunity to meet a variety of
industry professionals. It is an excellent resource to learn about the
different facets of the aviation industry directly from established
professionals.
-Douglas Lange, USA, MBA (Finance)
ISTAT not only provides me with a wealth of information in a very
interactive and enjoyable manner but also acts as a way to
network with potential employers.
-Zoe Gandiya, Ghana, MBA (Finance)

18. ISTAT – A Head Start for the First Group
Auniquepartnership

19. • STEM classification: Stem is an acronym referring to the academic
disciplines of science[note 1], technology, engineering and mathematic.
International students are eligible for an OPT of 27 months in a STEM
accredited program.
• Industry research: Students interface with industry on various cutting
edge research like the
- Creation of the Citijet Index
- Grenzebach GMBH Simulators
- Ensco Avionics
- Star Alliance
MSAF Program Initiatives

20. • CFA Recognition: The MSAF program has been recognized by the CFA Institute.
Each Recognized University may award 3 to 5 CFA Program scholarships each
fiscal year, depending on the number of CFA charter holders on staff.
“ The MSAF program was instrumental in preparing me for the
rigors of the CFA Level 1 exam”
- Anastassia Vilderson; (passed CFA Level 1 examination)
MSAF Program - Initiatives

21. Recent Internships

22. Graduate Program Initiatives
Workshops
• Conducting Effective Research (HUNT library)
• Microsoft Excel (certification)
• Presentation Skills
• Negotiation Skills
• Focus on industry projects and case studies

23. Graduate Program Initiatives
Developing Your Network
• St. Augustine
• Kennedy Space Center
• Orlando International Airport
• Gulfstream Aerospace
• NATA Conference and others

24. Graduate Program Initiatives
National Associations of Women MBA ( NAWMBA)
A NEWCOB chapter to promote industry relations, career
opportunities and professional development.

25. Residence Halls
 8 residence halls
 43% of students live on campus
 T3 High Speed Internet
 Basic Cable
 Mini refrigerator and microwave
 Most graduate students live off campus

26. Career Services
 Career advisement
 Career workshops
 Electronic job search
 Company information
 Employment statistics
 Mock job interviews
Internships and Co-Ops
 Work experience
 Networking tool
 Increase opportunity
for job interview
Industry and Career Expo
 Company presentations
 On-campus interviews
 Over 150 employers

27.  Aviation and Aerospace industry
 Law enforcement agencies
 Global companies
 High-tech businesses
 Government agencies
 All military branches
Employers
 95% Graduates employed within one year of graduation
 The major airlines hire more alumni of Embry-Riddle Aeronautical
University than from any other collegiate aviation program.

28. Examples of Industry Relationships

29. Recent Internships and Placements
The starting salaries for MBA graduates are
between $60,000 to $122,000

30. Admission Requirements

31. Admission Requirements
for Master’s Degree
Fall Semester Deadlines:
• Rolling admissions
• Best time to apply during your final
semester
• June 1 – application deadline
Include with your application:
• Official transcripts/foreign credential
evaluation
• Official GRE or GMAT score
• Official TOEFL or IELTS scores
• Three letters of recommendation
• Resume
• Statement of objectives
• Affidavit of financial support/bank
letter certifying funds
• Copy of passport
Decision based on:
• Grade point average
• GMAT or GRE score
• Course selection
• Honors/awards
• Letters of recommendation
• Resume
• Statement of objectives

32. Graduate Costs 2015-2016**
Tuition & Fees $1,331 per credit hour
Room & Board approx. $9,850 per year
Books (Estimated) approx. $1,400 per year

33. Embry-Riddle Scholarships and Tuition Assistance
• Students with complete admissions application on file, including SAT/ACT
scores (undergraduate) and GRE/GMAT (graduate) scores, will be automatically
reviewed for scholarships.
• Top 40% of first-year admitted international and graduate students were
awarded an Embry-Riddle Scholarship.
• Scholarships are renewable annually with a 3.5 GPA and full time enrollment
status.
• Assistantships are available and cover two courses per semester – the process
is competitive.
• Other employment opportunities, f.ex. hourly jobs in departments across
campus, are available as well.

34. Contact Information
Dr. Sunder Raghavan, Professor of Finance
MSAF Program Coordinator, College of Business, ERAU
Email: ragha8d6@erau.edu Phone: (386)226-6246
Dr. Anke Arnaud, Associate Professor of Management
MBA/MBA-AM Program Coordinator, College of Business, ERAU
Email: arnauda@erau.edu Phone: (386)226-4962
Mrs. Flavia Carreiro
Assistant Director of International and Graduate Admission
Email: carreirf@erau.edu or graduate.admissions@erau.edu
Phone: (386)226-2924
Mr. Noah Gronwald
MBA 2017, College of Business, ERAU
gronwaln@my.erau.edu

35. When once you have tasted flight, you will
forever walk the earth with your eyes
turned skyward, for there you have been
and there you will always long to return.
- Leonardo Da Vinci