The University of Maine - Maine Business School - FAQs: Frequently Asked Questions

Graduate Programs - FAQs: Frequently Asked Questions

What prerequisites are needed for the MBA program?

MBA prerequisites:

Managerial Accounting (BUA201)and Financial Accounting (BUA202)
Principles of Marketing (BUA370)
Principles of Management (BUA325)
Principles of Finance (BUA350)
Micro and Macro Economics (ECO 120 and 121)
Statistics (MAT 215 or 232)
Students are required to have a minimum of a B- in all prerequisite courses. If they have a lower grade, they must retake that course and earn the minimum B- grade.

Prerequisites for the Accounting track in the MBA Program:

BUA 201 Introduction to Financial Accounting
BUA 202 Introduction to Managerial Accounting
BUA 301 Intermediate Accounting 1
BUA 302 Intermediate Accounting 2
BUA 305 Cost Accounting
BUA 310 Auditing
BUA 312 Federal Taxation of Individuals
ECO120 Microeconomics and ECO 121 Macroeconomics
Principles of Marketing (BUA370)
Principles of Management (BUA325)
Principles of Finance (BUA350)
Statistics (MAT 215 or 232)
Students are required to have a minimum of a B- in all prerequisite courses. If they have a lower grade, they must retake that course and earn the minimum B- grade.

Note: Students with an undergraduate degree can take BUA 400 in place of BUA 201 and 202 and can take ECO 410 in place of ECO 120 and 121. These students can also take online tutorials in marketing, management, and finance in place of those undergraduate courses.

What GMAT exam score and undergraduate GPA are required and what other factors are considered in the admissions process?

Average GMAT score: 550
Average GPA: 3.5
Perceived quality of undergraduate institution
Perceived rigor of undergraduate major
Quality and strength of business experience
Quality and strength of letters of recommendation
Quality of essays
Quality and diversity of life experiences such as work with non-profits, involvement with extracurricular activities and demonstration of potential for leadership, critical thinking and motivation for excellence.

How are the programs structured?

MBA Program: 39 credit hours:
- 7 core courses (21 credit hours)
- 2 experiential courses (6 credit hours: intl trip, internship)
- 4 elective courses (18 credit hours; several interesting tracks available)

Click here to see information about the Professional MBA program. The professional MBA program is 36 credit hours and working professionals are exempted from the 3-credit internship requirement.

Is financial assistance available?

There are a limited number of financial assistance options available. Students must submit their complete application package by January 15th to be considered for financial assistance. These include several graduate assistantships, several business school tuition scholarships and several university-wide scholarships. Click here for more information.

Many students are also able to find assistantships across the University by checking with different departments such as Housing, Financial Aid, or student recreation among others. The Graduate School also maintains a list of assistantships on their First Class site.

What are the application deadlines?

Admitted students may begin their studies in the fall, spring or summer semester. Deadlines:

Fall admission: all application materials must be received by June 1

Spring admission: by November 15

Summer admission: by January1

Completed applications for students requesting financial aid must be received by January 15 prior to fall semester.

How do I apply to the programs?

Click here to Apply Online

Can graduate credit from other universities be transferred into the program?

A maximum of 6 hours of credit in the case of a master’s candidate may be accepted in transfer (subject to the approval of the candidate’s advisory committee) for appropriate courses completed in residence at other institutions prior to matriculation in the Graduate School at The University of Maine. Courses to be accepted must have been taken at a fully AACSB accredited college or university which offers a graduate program, and must be acceptable at that institution in partial fulfillment of its requirements for an advanced degree.

Note about grades and credits: Normally, only a grade of “A” or “B” is acceptable for course work on a student’s program of study. A grade of “C” may carry graduate degree credit if a student’s advisory committee so recommends and if the Graduate School approves such an exception. No student, however, will be allowed to accumulate more than six hours of “C” grades on a program of study for a master’s degree.

Tell me about the MBA students.

Our students represent a diverse mix of talented people of many ages and demographics. Below are some recent statistics:

General statistics:

Gender
Males: 64% (Maine: 47%, International: 14%, Out-of-state: 3%)
Females: 36% (Maine: 29%, International 7%)

Program
Full-time students: 65%
Part time students: 35%

Undergraduate Degrees
Business: 35%
Engineering: 15%
Social Sciences: 14%
Humanities/Arts: 13%
Science/Math: 10%
Computer Science: 5%
All others: 8%

How much does the MBA program cost?

Please note that when reading the tables in the link below, you should consider both the cost of tuition and fees to get a good idea of total cost.

Click here to see the current tuition and fees.

Can I complete the program while working full time?

Yes. As shown above, about 35% of our students are part time and most of them work in full-time demanding jobs. They can work towards their degrees because the great majority of our MBA classes are in the evenings; usually once per week from 6:30 – 9:15

What are the term dates?

Click here to see the Academic Calendars for the University

Click here for the University of Maine Home Page

Maine Business School Graduate Business Programs
209 DP Corbett Business Building
University of Maine
Orono, ME 04469
207-581-1973
mba@maine.edu

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