Objectives of the Master of Business Administration Program

The M.B.A. program prepares students for managerial positions in various types of organizations.  The program builds on core business competencies and functional specialization to impart to its students decision analysis skills and a strategic perspective of business problems.

Objectives of the Master of Business Administration in International Business

• To provide students with broad-based strategic tools, skills, and analytical techniques in the field of international business management – as well as general management skills – to enable them to obtain an appropriate managerial level international business position leading to a successful career.
• As an interdisciplinary program, to enable students gain integrated knowledge across functional business areas in a range of country environments that aid them in understanding the unique nature of business operations in a contemporary global setting.
• To prepare students to work in more progressively senior positions in multicultural business environments through course offerings that help them to effectively deal with the dynamic and complex global/international business environment.

Objectives of the Master of Business Administration in Marketing

• To provide students with broad-based strategic marketing tools and skills – as well as general management skills – that enable them to obtain an appropriate managerial level marketing position leading to a successful career.
• To develop students’ analytical and strategic skills through course work, case analysis and projects that will help them to manage various marketing functions.
• To prepare students to move into more progressively senior marketing positions in a variety of small and large and for profit and not-for profit organizations.

Admission Criteria

Applicants for admission to the M.B.A. program must hold a baccalaureate degree from an accredited institution. No specific under¬graduate course of study is required for admission, nor is any specific course of undergraduate study recommended for those students planning to pursue these degrees. Undergraduate majors represented in the M.B.A. program include, but are not limited to, business, education, the natural and social sciences, engineering, the humanities and nursing.

All applications for admission are considered on the basis of their own merits, with weight given to the strength of a student’s previous academic performance, scores obtained on the GMAT, professional experiences indicating increasing levels of responsibility, and any other pertinent information which the candidate for admission may provide to the Committee on Admissions.

Applicants for admission are required to take the Graduate Management Admission Test (GMAT), which is administered by the Graduate Management Admission Council (GMAC). Applicants are encouraged to take the GMAT well in advance of applying to a graduate pro¬gram. To schedule an appointment to take the GMAT, applicants may call 1-800-462-8669 or visit the GMAC Web site at www.mba.com. Scores obtained on the Graduate Record Examination (GRE) are also acceptable in lieu of the GMAT. In addition, the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS) examination is required of international applicants and typically cannot be waived.

For admission to the full-time day M.B.A. program, applicants are required to have attained a minimum score of 550 on the GMAT or an equivalent score on the GRE and have an undergraduate grade point average of 3.0 or above. To be admitted to the full-time day M.B.A. program as an honors scholar, applicants are required to have attained a minimum score of 600 on the GMAT and have an undergraduate grade point average of 3.3 or above.

Transfer Credits

Opportunities to transfer credit from other institutions into the M.B.A. program are extremely limited, and only course work completed at AACSB accredited schools will be considered. A maximum of 9 semester hours beyond the core competency levels will be considered for transfer credit. Graduate transfer credit in this program is always limited to ensure that a minimum of 30 post-core competency credits are taken in residence.

Statute of Limitation

Program Requirements Semester Hours: 41-48

A range of 41-48 semester hours is required for the M.B.A. degree. Previous course work is evaluated by the Graduate Programs Office of the Zarb School of Business upon a student’s admission. 

Some residency workshops, core competencies, and advanced core courses may be waived based upon previous academic work, and this will determine the total number of workshops and semester hours required for the M.B.A. degree. No credit will be allowed for core competency or graduate courses with D grades. These courses must be repeated.

The Program is comprised of the following five components:

• Component I      Residency Workshops (No credit)
• Component II     Core Competencies (2-6 s.h.)
• Component III    Advanced Core (21-24 s.h.)
• Component IV    The Major Concentrations (15 s.h.)
• Component V     Capstone Integrative Course (3 s.h.)
• Component VI   Optional Internship (no credit) for full-time day M.B.A. students only

Component I: Residency Workshops (Zarb School of Business) - No Credit

Component I: Residency Workshops - No Credit
These workshops cover library information resources, teamwork and oral communication skills, calculus for business applications, information technology, and statistics for business applications respectively. Full-time students must complete them during the first semester in which they begin an M.B.A. program.  Part-time students must complete them within the first two semesters. Documentation of completion must be submitted to the Graduate Programs Office in order for students to register for the subsequent semester. The calculus for business applications, information technology, and statistics for business applications workshops may be satisfied through previous equivalent undergraduate or graduate course work taken within a specific time frame with a B or better grade* at an accredited college or university or through satisfactory performance on a proficiency examination administered by the appropriate department within the Zarb School of Business. Students will receive with their letter of admission information about which residency requirements, if any, have been met through prior course work. *Note: B+ or better within the past five years is required for full-time day M.B.A. students.

The following workshops are required of all students:
MBA 201W - Library Information Resources  (No credit)
The library information resources workshop ensures that all graduate students establish in their first semester the ability to fully utilize the extensive information, data, and other resources available through the University’s Axinn Library. Since the library’s resources and services are constantly expanding, the information resources workshop is continually updated to reflect the most contemporary and efficient utilization of these resources to enable students to solve business problems and to perform sophisticated business research. This workshop offers extensive coverage of the library’s Lexicat system, access services, reference services, media services, curriculum materials center, government documents and other resources. A fee equivalent to .5 s.h. is charged for this workshop.

MBA 205W - Teamwork and Oral Communication Skills 
This workshop is intended to improve teamwork and oral communication skills. The students develop knowledge and skills related to working in groups; in addition, they learn the basics of how to make oral presentations in a business setting. Available literature on these skills is used to make students aware of the different aspects and nuances required to effectively work in teams and for oral communication. Additional activities are conducted as part of the workshops where the students test their skills on these two aspects. A fee equivalent to .7 s.h. is charged for this workshop.

The following workshops may be required depending upon previous academic preparation:
MBA 202W - Information Technology 
This workshop presents an introduction to the use of computer hardware, software, and connectivity in a business environment. Software including spreadsheet modeling, database management, groupware, and Internet tools is covered. Students gain an understanding of computer capabilities and limitations, and the appropriate use of information technology in domestic and global environments. A fee equivalent to .7 s.h. is charged for this workshop.

MBA 203W - Calculus for Business Applications 
This workshop focuses on a basic overview of calculus required for a better understanding of certain aspects of the business curriculum. Topics include functions, analytic geometry of the plane, differentiation, and integration as applied to business decision making. A fee equivalent to 1.2 s.h. is charged for this workshop.

MBA 204W - Statistics for Business Applications 
This workshop focuses on a basic overview of statistics required for a better understanding of certain aspects of the business curriculum. Topics covered include descriptive statistics, basic probability rules, discrete probability distributions, continuous probability distributions, sampling distributions for the mean, estimation and hypothesis testing for the mean. A fee equivalent to 1.2 s.h. is charged for this workshop.

Component II: Core Competencies - Semester Hours: 2-6

The core competency component provides students with exposure to a survey of economics and the legal, political, regulatory, and ethical environment of business. These areas of business provide the base of knowledge necessary to understand how a business organization functions. Up to two 200-level core competency requirements may be satisfied through the successful completion of appropriate previous course work with grades of B or better* taken within a specific time frame prior to enrollment in the M.B.A. Program or through satisfactory performance on a proficiency examination administered by the appropriate department within the Zarb School of Business. *Note: B+ or better within the past five years is required for full-time day M.B.A. students.

Previous course work is evaluated by the Graduate Programs Office of the Zarb School of Business immediately upon a student’s admission. The results of this evaluation, including notification of the core competencies required as part of each individual student’s course of study in the M.B.A. Program, will be communicated to all students with their letter of admission. Further evaluation of core competencies after admission will only be undertaken for those students admitted directly from their baccalaureate program of study and for whom final undergraduate transcripts were not available at the time of admission.

Students should note that in-service training courses, corporate training, and other nondegree bearing credit courses are not acceptable for credit toward the core competencies. Courses taken at junior or community colleges are generally not acceptable for credit toward core competency courses.

ECO 200 - Survey of Economics 
ECO 200 may be waived if a student completed two undergraduate courses or one graduate course inclusive of both microeconomics and macroeconomics with an average grade of at least B within the past five years. *Note: B+ or better within the past five years is required for full-time day M.B.A. students.
   
LEGL 200 - Legal, Political, Regulatory and Ethical Environment of Business 
LEGL 200 may be waived if a student completed equivalent course(s) inclusive of all topics listed in the course title with a grade of at least B within the past five years. *Note: B+ or better within the past five years is required for full-time day M.B.A. students.  

MGT 200 - Business Ethics and Society     (Same as LEGL 200A - Business Ethics and Society  )
This course cannot be waived.

Majors in Accounting* must also satisfy the following courses:
ACCT 123 - Financial Accounting Theory and Practice I  and ACCT 124 - Financial Accounting Theory and Practice II   
    or ACCT 224 - Financial Reporting and Analysis 

Component III: Advanced Core - Semester Hours: 21-24

The advanced core component provides the breadth of knowledge focusing on functional areas of business, such as accounting, management information systems, finance, operations management, marketing, and quantitative analysis. In addition to these, global business decision making, contemporary organizations and leadership skills are also included in the advanced core component. This component is presented within a framework that emphasizes analytical and problem solving skills and focuses on the professional perspectives in the management of business organizations, as well as the importance of written and oral communication skills.

If a student majors at the graduate level in the same discipline as the undergraduate major/minor, he/she may request a waiver of the 203-level Advanced Core course in that discipline. If a student majors at the graduate level in a discipline different from his/her undergraduate major/minor, he/she may request a substitution for the 203-level Advanced Core course in his/her undergraduate discipline and replace it with another elective in that discipline. To be eligible for a waiver/substitution, a student must have earned a minimum of 18 credits with a B average or above* in the specific discipline (accounting, finance, information technology, management, marketing, or statistics) at an AACSB-accredited school within five years prior to admission to the Hofstra M.B.A. program. No waiver or substitution will be granted for IB 207 Global Business Decision Making and MGT 207 Contemporary Organizations: Theory, Behavior and Leadership Skills. *Note: B+ or better within the past five years is required for full-time day M.B.A. students.

• ACCT 203 - Accounting and Financial Reporting Semester Hours: 3
• FIN 203 - Managerial Finance Semester Hours: 3
• IB 207 - Global Business Decision Making Semester Hours: 3
• IT 203 - Information Systems for Managers Semester Hours: 3
• MGT 203 - Operations Management Semester Hours: 3
• MGT 207 - Contemporary Organizations: Theory, Behavior, and Leadership Skills Semester Hours: 3
• MKT 203 - Marketing Analysis and Management Semester Hours: 3
• QM 203 - Advanced Quantitative Analysis for Managers Semester Hours: 3

Component IV: The Major Concentration - Semester Hours: 15

The major concentration enables students to establish a strong base of specialized knowledge in one of the areas of study represented in the Zarb School of Business. This complements the skills in the various functional areas of business, as well as the professional leadership and management orientation found in Components I through IV. Concentrations are offered in Accounting, Finance, Health Services Management, Human Resources Management, Information Technology, International Business, Management, Marketing, Quality Management, Real Estate, Sports and Entertainment Management and Taxation. 

With permission of the Graduate Programs Office, in consultation with the department chairperson to set general policy, students may substitute an elective course outside of their major area for one of these courses.

Accounting
ACCT 216    Tax Accounting, 3 s.h. (or a 200-level taxation course)
ACCT 234     Advanced Auditing, 3 s.h.   
ACCT 250    Seminar in Advanced Contemporary Accounting Theory, 3 s.h.   
One international accounting theory course, 3 s.h.
One elective in area of concentration, selected under advisement, 3 s.h.

Finance
FIN 205         Investments, 3 s.h.
Four electives in area of concentration, selected under advisement (including at least one international course in the area of concentration), 12 s.h.

Health Services Management
HADM 200     U.S. Health Services, 3 s.h.
HADM 201     Health Policy and Legislation, 3 s.h.
HADM 204        Health Economics, 3 s.h.
HADM 205     Health Systems Finance, 3 s.h.
One of the following courses, selected under advisement:
HADM 202        Health Law and Ethics, 3 s.h.
HADM 203     Comparative Health Systems, 3 s.h.
HADM 208        Epidemiology and Health Services Research, 3 s.h.
HADM 209        Health Administration Leadership, 3 s.h.   
HADM 260        Health Administration Internship, 3 s.h.
HADM 261        Health Systems Operations, 3 s.h.

Information Technology
IT 206         Systems Analysis and Design, 3 s.h.   
IT 215         Database Management Systems, 3 s.h.   
Three electives in area of concentration, selected under advisement, 9 s.h.

International Business; Management; Marketing
Five electives in area of concentration, selected under advisement (including at least one international course in the area of concentration), 15 s.h.

Quality Management
QM 285*     Business Process Management, 3 s.h.
QM 286*     Statistical Quality Control, 3 s.h.
QM 287*     Six Sigma Quality Management, 3 s.h.
QM 290*     Seminar in Contemporary Issues in Quality Management, 3 s.h.
QM 291*    Practicum in Quality Management, 3 s.h.

*Cross-listed under MGT.   

Real Estate
FIN 220        Real Estate Finance, 3 s.h.
FIN 221       Real Estate Investment, 3 s.h.
FIN 223        Real Estate Economics, 3 s.h.
FIN 224        Real Estate Law, 3 s.h.
One elective in finance, selected under advisement, 3 s.h.

Sports and Entertainment Management
MGT 231    Sports and Entertainment Management, 3 s.h.
MKT 231     Sports and Entertainment Marketing, 3 s.h.
RTVF 234     Media in Sports and Entertainment Industries, 3 s.h.       

Two of the following courses, selected under advisement: 6 s.h.
JRNL 282     Media Relations Techniques for the Sports and Entertainment Industries, 3 s.h.   
LEGL 225    Sports and Entertainment Law, 3 s.h.
MGT 232     Venue and Facilities Management, 3 s.h.
SPCM 282    Sports, Media and Society, 3 s.h.
Or any additional relevant course taken under advisement

Taxation
TAX 220    Tax Practice and Procedures, 3 s.h.
Four electives in area of concentration, selected under advisement (including at least one international course in the area of concentration), 12 s.h. 

Component V: Capstone Integrative Course - Semester Hours: 3

Given that all functional areas in an organization work together to ensure success of the organization, this component is designed to help students integrate knowledge of various functional areas in order to solve complex problems. The capstone course is an integrative course covering all functional areas of organizations.

• MBA 350 - Integrative Capstone Course Semester Hours: 3

Component VI - Optional Internship (no credit) for full-time day M.B.A. students only

Full-Time Day Master of Business Administration Program (M.B.A.)

Dr. Charles A. McMellon, Director of the Full-Time Day M.B.A. Program, (516) 463-6450, DayMBADirector@hofstra.edu  
Within its M.B.A. offerings, the Frank G. Zarb School of Business offers a full-time day M.B.A. program. M.B.A. day students, as a cohort, complete a two-year program with a rigorous core curriculum and advanced specialized work in a professional field. The program requires a 41-48 credit course of study in the fundamental areas of accounting, finance, information technology, marketing, international business, operations, communications and leadership skills, global decision making, economics, and the legal environment. Qualified students have the opportunity to receive the designation of honors scholars. Students must maintain a 3.3 grade point average in the program to continue with this designation and have it noted on their transcripts. See the Master of Business Administration section in the Graduate Studies Bulletin for admissions requirements and course requirements.

Footnotes

* ECO 200 may be waived if a student completed two undergraduate courses or one graduate course inclusive of both microeconomics and macroeconomics with an average grade of at least B within the past five years. *Note: B+ or better within the past five years is required for full-time day M.B.A. students.

** LEGL 200 may be waived if a student completed equivalent course(s) inclusive of all topics listed in the course title with a grade of at least B within the past five years. *Note: B+ or better within the past five years is required for full-time day M.B.A. students.