College of Business/MBA Program


The College of Business offers the Master of Business Administration (MBA), Master of Business Administration/accounting emphasis (MBA), Master of Business Administration/CIS emphasis (MBA), Master of Business Administration/Health Care Administration (MBA), and Master of Business Administration/finance, management, marketing (MBA) as well as a joint degree in pharmacy (MBA/PharmD). Other programs include an interdisciplinary hazardous waste management program. The strongest area of study is accounting. The most popular courses are in strategy and finance. Regular programs bring distinguished speakers and visiting professors to campus.

Thirty total credits are required to complete the MBA, including 12 elective credits. Required courses include:

  • Quantitative Information for Business Decision
  • Business Policy/Strategy in a Global Environment
  • Managerial Decision Making
  • Finance in an Integrated Environment
  • Marketing in an Integrated Environment
  • Information Technology in Business
  • Managerial Control Systems
  • Business Simulation and Application

Students may eliminate or substitute requirements by exam or through completion of recent equivalent first-year course work.

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 year; maximum, 5 years. For students attending part time, the minimum is 2 years; maximum, 5 years.

In a recent year, there were 30 total full-time graduate business faculty, all of whom held a doctorate; there were 6 part-time faculty, of whom 50% held a doctorate. Faculty salaries are rated below average for Category IIA institutions, based on the AAUP rating system. Average number of credit hours faculty teach is 18; average business class size is 15.


A bachelor’s degree is required. The formula for using the GPA and GMAT scores is (200 x upper-division GPA) + GMAT, or minimum 1050. Most important admissions factors are GMAT results, grades in upper-level courses, and work experience. A strong mathematics background is not required.

The number of applicants for a recent class was 72; 43 were accepted; 33 enrolled. The average GPA was 3.32; average GMAT score was 517. Transfers are accepted.

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 $55. The application deadlines are July 1 for fall entry; December 1, spring; May 1, summer. Students are notified as soon as all material is processed of the admissions decision. The latest acceptable test date for fall entry is June 1. Once accepted, students may defer admission for up to 2 years.

Financial Aid

In a recent year about 35% of graduate business school students received financial aid from scholarships, loans, and graduate assistantships, for a total average of $6000 annually. The FAFSA is required, except for assistantships application deadlines open, but early application is recommended.

Tuition for in-state residents is $5860 per year. Nonresidents pay $14,130 per year. On-campus room and board costs approximately $5000; books and supplies, $450. Graduate student housing consists of married-student housing and dormitories for single students on campus plus apartments off campus. There is a referral service to help procure off-campus housing.


Sixty-three percent of a recent graduate business school class are enrolled full time; 70% had an average of 4 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 West (43%). Twenty-seven percent were women, 4% were minorities, and 10% were foreign nationals. The average age at entrance was 32; ages ranged from 22 to 53. Twenty-five percent entered directly from undergraduate school; 7% already had a graduate degree. Students’ undergraduate majors were as follows: 55%, business; 26%, health care; 8%, liberal arts; 6%, engineering; 5%, math and science; and 5%, social sciences. About 1% of entering students leave by the end of the first year due to academic or personal reasons; 98% remain to receive their degree. In a recent year, 22 graduate business degrees were awarded.

This website and its associated pages are not affiliated with, endorsed by, or sponsored by this school. has no official or unofficial affiliation with California Institute of Technology.