College of Business

Indiana State University, College of Business History

Indiana State University/Terre Haute, founded in 1865, is a public, coeducational institution. The 94-acre campus is located in a small town 70 miles west of Indianapolis. Total undergraduate and graduate enrollment is approximately 11,200.

The College of Business was founded in 1964 and is located on the main campus. The basic educational approach is a balance of theory and practice through the use of textual material and the analysis and solution of real-world problems. The integrated program can be completed in fewer than 3 years.

Indiana State University, College of Business Academics

The College of Business offers the Master of Business Administration (MBA) as well as a doctoral program in curriculum instruction, with a business education specialization., and a joint degree in nursing (MS/MBA). Other programs include an Educational Specialist degree in business education. The strongest area of study is strategic management. The most popular courses are Finance and Accounting. Regular programs bring distinguished speakers and visiting professors to campus. Executives who hold visiting professor positions serve as speakers on campus.

Thirty-three total credits are required to complete the MBA, including 6 elective credits. Required courses include:

• Advanced Management Practices
• Quantitive Problem Solving
• Management Accounting
• Management Information Systems
• Managing the Strategic Workforce
• Strategic Financial Decisions
• Strategic Supply Chain and Operating Decisions
• Strategic Marketing Decisions
• International Global Requirement

Students may eliminate or substitute requirements.

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 1<1/2> years; maximum, 5 years. For students attending part time, the minimum is 2 years; maximum, 5 years.

In a recent year there were 29 total full-time graduate business faculty, all of whom hold a doctorate. Faculty salaries are rated well below average for Category I institutions, based on the AAUP rating system. Average number of credit hours faculty teach is 18; average business class size is 17.

Indiana State University, College of Business Unique Programs

Library

The university’s main library houses a collection of more than 1.9 million volumes, 800,000 microform items, 49,000 special business collections, and 24,000 audio/video tapes/CDs, and subscribes to 4300 periodicals. Students have access to such databases and networks as ABI/INFORM and Compustat.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of a PC laboratory with 40 terminals. Available software includes word processing, spreadsheets, database, desktop publishing, statistics, and financial.

Career and Job Placement

Placement services are limited, since most students are already employed full time, and are available through the university placement office.

International Students

International students must take the TOEFL. They also must submit a translation of their transcripts and proof of adequate funds. Financial aid is available for these students and consists of assistantships. Check with the school for current application deadlines.

Calendar

The school operates on a traditional semester basis. Semesters are 15 weeks long; summer sessions, 8 weeks. Graduate programs are offered during the evening only.

Indiana State University, College of Business Admissions

A bachelor’s degree is required, along with a GPA of 2.7 and a GMAT score of 450. The formula for using the GPA and GMAT scores is (GPA x 200) + GMAT, or minimum 1050. Most important admissions factors are GMAT results, grades in upper-level courses, and letters of recommendation. A strong mathematics background is required.

In a recent year the number of applicants was 140; 98 were accepted; 65 enrolled. The average GPA was 3.1; average GMAT score was 580. Transfers are accepted. Minority students are actively recruited by visits to predominantly minority colleges.

Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, a transcript, GMAT scores, and a nonrefundable application fee of $50. Once accepted, students may defer admission to a date agreed upon by the student and the MBA director.

Indiana State University, College of Business Financial Aid

The FAFSA and the school’s own financial statement are required. Check with the school for current application deadlines.

Graduate student housing includes residence halls on campus. An apartment complex located 8 blocks from the campus is for married students, single parents with children, and graduate single students over the age of 21.

Indiana State University, College of Business Students

All of the current graduate business school class are enrolled full time; 90% have had an average of 3 years of full-time work experience prior to entering graduate school. The greatest percentage of students are from Indiana (60%). Forty-four percent are women, 2% are minorities, and 40% are foreign nationals. The average age at entrance is 27; ages range from 22 to 50. Twenty-five percent enter directly from undergraduate school; 25% already have a graduate degree. Students’ undergraduate majors were as follows: 57%, business; 20%, math and science; 13%, engineering; 5%, liberal arts; and 5%, social sciences. About 4% of entering students leave by the end of the first year due to academic or personal reasons; 80% remain to receive their degree. In a recent year, 40 graduate business degrees were awarded.