The Eli Broad Graduate School of Management

Michigan State University, The Eli Broad Graduate School of Management History

Michigan State University, founded in 1855, is a public, coeducational institution. The 5239-acre campus is located in a suburban area 4 miles east of Lansing. Total undergraduate and graduate enrollment is 45,520. Enrollment figures in the above capsule are approximate.

The Eli Broad Graduate School of Management was founded in 1960 and is located on the main campus, in its own building, Eppley Center/North Business Complex. Courses also are offered at The James B. Henry Center for Executive Development (Weekend MBA) and the MSU Management Education Center in Troy (EMBA). The basic educational approach is to develop professional managers with a breadth of functional and general business knowledge combined with a concentration in a specific field of business. A combined pedagogy is used to blend theory and application to develop analytical and decision-making skills.

Michigan State University, The Eli Broad Graduate School of Management Academics

The Broad School offers the Master of Business Administration (MBA) and Master of Science in accounting, food service management, manufacturing, innovation, logistics, and management of manufacturing (MS) as well as a doctoral program in accounting, policy and strategy, organizational behavior, logistics, procurement/sourcing, operations management, supply chain management, economics, finance, marketing, new product development/innovation, and international business, and a joint degree in law (JD/MBA) with Detroit College of Law and in international management (MBA/MIM) with Thunderbird, the American Graduate School of International Management. Other programs include a 3-2 degree in engineering, interdisciplinary programs in agricultural economics and communications, and with the School of Labor and Industrial Relations, paid internships, and foreign exchange programs in Japan, Germany, Mexico, and Norway. The strongest areas of study are supply chain management, finance, human resource management, and marketing. The most popular courses are Negotiation and Conflict Management, Financial Statement Analysis, and Corporate Financial Strategies. Regular programs bring distinguished speakers and visiting professors to campus through the MBA Association, various student organizations, the Professional Development Series, invitations from professors, the Broad Executive Forum, and the Broad Supply Chain Forum.

Fifty-seven total credits are required to complete the MBA, including 24 elective credits. Required courses include:

• Strategic Management
• Financial Accounting and Reporting
• Applied Data Analysis for Managers
• Business Ethics and the Legal Environment
• Business Presentations
• Leadership and Teamwork
• Managing the Work Force
• Financial Management
• Managerial Accounting Strategies
• Applied Economics
• Marketing Management
• Supply Chain Management
• Information Technology Management
• Professional Development Seminar

Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending full time is 2 years; maximum, 2 years. For students attending part time, the minimum is 17 months; maximum, 17 months.

In a recent year, there were 109 total full-time graduate business faculty, of whom 98% held a doctorate; there was 19 part-time faculty. Faculty salaries are rated above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 35.

Michigan State University, The Eli Broad Graduate School of Management Unique Programs

Library

The MSU Business Library (GAST) houses a collection of more than 118,300 volumes, 109,960 microform items, 627 special business collections, and 200 audio/video tapes/CDs, and subscribes to 593 periodicals. The business library is particularly strong in the history of marketing, materials and logistics management, and hotel, restaurant, and institutional management. Students have access to such databases and networks as ABI/INFORM, Compustat, Lexis/Nexis, Dow Jones News Retrieval, Investext, Business & Industry, EconLit, Tablebase, Hospitality Index, Choices II, FARS, CCH, Tax Management Portfolios, and FIS Online. Other opportunities for research consist of the main library and 13 other satellite libraries.

Computers

Graduate business students must have their own PCs. The business school has its own computer facilities, consisting of the MBA Computer Laboratory, equipped with PCs and software packages and available 7 days a week. There are also 2 computer labs open to all business students, a lab for business information systems students, and a financial analysis lab.

Career and Job Placement

Majors most in demand by companies recruiting in a recent year were supply chain management and finance. Average starting salary of graduating class was $76,313; range was $55,000 to $100,000. The percentage of graduates finding jobs were:

• national corporations 96%
• local small enterprises 3%
• regional corporations 2%

Placement services are extensive, and those available to alumni include access to on-line systems, workshops, career coaching, mock interviewing, resume review, third-party career content and networking, career fairs, and an on-line alumni database. Placement is available through the MBA Placement and Career Center and the Lear. Eighty-one percent of a recent graduating class found jobs within three months of receiving their degree.

International Students

International students must score 600 on the Paper-Based TOEFL (PBT). Students may waive the TOEFL with proof of completion of a U.S. degree. They also must submit a translation of their transcripts and proof of adequate funds to cover 1 year of study. There are special fees of a $912 mandatory health insurance fee. Financial aid is available for these students and consists of graduate assistantships and scholarships. Check with the school for current deadlines.

Calendar

The school operates on a traditional semester basis. Semesters are 15 weeks long. Graduate programs are offered during the day and evening, weekends, and in addition to the full-time MBA program, there is a Weekend MBA program for working managers. The Executive MBA program is offered twice a week, evenings only, at the Troy Management Education Center.

Michigan State University, The Eli Broad Graduate School of Management Admissions

A bachelor’s degree is required, along with a GPA of 3.0. Most important admissions factors are management potential, work experience, and GMAT results. A strong mathematics background is required.

The number of applicants for a recent class was 648. The average GPA was 3.38; average GMAT score was 637. Transfers are not accepted. Minority students are actively recruited by use of GMASS, MBA Exploration Program funding, campus visits, special financial aid programs, ALANA Preview Weekend, participation in Management Leadership for Tomorrow, College Horizons, NSHMBA, and National Black MBA.

Students may begin the MBA program in the fall only. To apply, students must submit an application form, 2 transcripts, GMAT scores, a nonrefundable application fee of $85, 2 letters of recommendation, and 2 personal essays. An evaluative interview is required. The application deadlines are November 1, January 9, February 20, April 10, and June 1. Students are notified on a batch basis of the admissions decision. The latest acceptable test date for fall entry is June 1.

Michigan State University, The Eli Broad Graduate School of Management Financial Aid

In a recent year, about 83% of graduate business school students received financial aid from scholarships, loans, and graduate assistantships, for a total average of $23,490 annually; maximum $33,015. Stipends and programs available for minority students include multicultural business programs, scholarships and assistantships, and the Graduate Education Opportunity Programs Office. The FAFSA is required. Check with the school for current application deadlines.

Tuition for in-state residents is $17,750 per year, Nonresidents pay $24,850 per year. On-campus room and board costs approximately $7752; books and supplies, $1600; personal expenses, $4800, for an estimated annual total of $31,902 for in-state residents and $39,002 for out-of-state residents. Graduate student housing is available in the Owen Graduate Center; there is extensive housing on and off campus. There is a referral service to help procure off-campus housing.

Michigan State University, The Eli Broad Graduate School of Management Students

All of a recent graduate business school class were enrolled full time; all had an average of 5 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students were from the Midwest (69%). Thirty-two percent were women, 24% were minorities, and 35% were foreign nationals. The average age at entrance was 28; ages ranged from 25 to 34. Three percent entered directly from undergraduate school; 7% already had a graduate degree. Students’ undergraduate majors were as follows: 38%, business; 22%, engineering; 16%, math and science; 12%, social sciences; 8%, liberal arts; and 5%, economics. About 1% of entering students leave by the end of the first year due to academic or personal reasons; 99% remain to receive their degree. In a recent year, 288 graduate business degrees were awarded.