Electives and Tracks
Candidates for the MBA degree may complete a General Management Track or choose more focused tracks in finance or decision sciences.
Students pursuing the General Management track can choose their four electives from any 500-600 level MBA course offered by the Maine Business School. With approval, students may also take appropriate courses from other programs on campus.
Decision Science track. Students take BUA661 Knowledge Management, BUA638, Model-Based Decision Making, BUA664 Data Base and Data Mining in Industry, and one of the following: BUA668 E-Commerce, BUA636 Quantitative Methods for Business Decisions, BUA637 Production Management, BUA465 Information Systems Development, BUA620 Business Law.
Finance track. Students take BUA 652 Management of Financial Institutions; BUA 653 Investment Management; and one of the following BUA 654 Futures and Options; BUA 455 International Corporate Finance; PAA 540 Seminar in Public Financial Management; PAA 645 Financial Management in Health Care; ECO 524 Advanced International Finance; and one free elective.
Admission Requirements
Admission to the University of Maine MBA program is competitive. In its admission process, the University of Maine Business Graduate Program considers factors that indicate the potential to successfully complete the MBA program and achieve positions of leadership in the private or public sector. That potential is judged by academic performance, GMAT score, letters of recommendation, communication skills, and work experience.
Academic Performance: Applicants must have a four-year U.S. bachelor’s degree from an accredited college or university, or a four-year international equivalent. In reviewing the academic record, the Graduate Committee considers both the institution attended and curriculum. Students with GPAs over 3.0 are considered competitive; our most recent class averaged 3.35.
GMAT Score: Applicants must submit official GMAT scores taken within the last five years. Students are considered competitive with GMAT scores above 500. The average for our most recent class was 555. In addition, the Business School requires a 3.5 on the new analytical writing portion of the exam. Students who score below 500 (or below 3.5 on the writing portion) will be asked to retake the GMAT exam before their application will be considered.
Students whose GMAT score or previous academic performance does not fall in the competitive range may be admitted if the Business School feels there is substantial alternate evidence of aptitude for business graduate work.
Letters of Recommendation: Three letters of recommendation must be included with the completed application. If possible, MBA applicants are encouraged to submit letters from current or former supervisors or those who can comment on work-related responsibilities and accomplishments, career advancement and potential, managerial experience, and future career goals. Meaningful academic references are also acceptable, and are most relevant for recent undergraduates. References should detail your strengths, weaknesses, and potential for academic and managerial success.
Communication Skills: Students are required to submit a personal essay as part of their application. The essay is an opportunity for the candidate to describe important attributes not apparent from the rest of the application, and also to convey one’s unique background, character, and ability to add value to the Business School’s Graduate Program. The essays are evaluated not only for content, but also for writing style and grammar. Interviews are not required for admission to the Business School’s graduate programs, but may be requested by either the applicant or the Business School. If requested, candidates will interview with a University of Maine Graduate Program representative prior to the final decision on admission.
University of Maine Business School Graduate Programs require extensive oral and written communication. All students will be assessed on these skills at the beginning of the program. Those demonstrating insufficient skills will be required to utilize campus resources (e.g., Writing Center).
Work Experience: Work experience is not required for admission to the University of Maine MBA program, but it is preferred. Significant work experience with management responsibilities is especially important to demonstrate maturity and motivation by a student with a weak academic record.
International Students: Applicants whose native language is not English must take the Test of English as a Foreign Language (TOEFL). The test must have been taken within the past five years; the minimum required score is 213 on the computer-based version or 550 on the paper-based test. However, TOEFL is not necessarily a good indicator of English speaking skills. The University of Maine Business School Graduate Programs require extensive oral and written communication and all students will be assessed on these skills at the beginning of their program. International students demonstrating insufficient skills can be required to attend courses at the University of Maine’s Intensive English Institute in order to continue in the program. Occasionally international students must submit their transcripts to a professional evaluation service (at the student’s expense) in order to demonstrate course equivalencies.
Graduate Standing Requirement: All students enrolled in 600-level BUA courses must be matriculated in a graduate program at The University of Maine or elsewhere. Visiting graduate students will request their department or university to provide a letter of good standing to the Business School Director of Graduate Programs.
Students with an application submitted and transcripts received who are deemed potentially admissible can take one 600-level BUA course before admittance in the program.
Graduate Faculty
Daniel E. Innis, Ph.D. (Ohio State, 1991), Professor of Marketing, Dean of the College of Business, Public Policy and Health, and Director of the Maine Business School. Customer service performance and a firm’s overall performance, the impact of quick response logistics on channel member behavior.
Richard H. Borgman, Ph.D. (Florida, 1994), Associate Professor of Finance. Financial institution management, securitization, portfolio risk management, asset pricing, international finance.
Martha Broderick, J.D. (Western New England School of Law, 1983). Instructor in business law.
Steven C. Colburn, Ph.D. (Georgia, 1989), Associate Professor of Accounting. Taxation of individuals, corporations, trusts and estates, with emphasis on tax planning.
Harold Z. Daniel, Ph.D. (Connecticut, 1997), Associate Professor of Marketing. Organizational buying behavior and strategic acquisition, collaborative research and development, strategic management of technology, diffusion of innovations, customer satisfaction, student retention in institutions of higher education.
John K. Ford, D.B.A. (Harvard, 1977), Nicolas Salgo Professor of Business Administration. Professor of Finance. Diversification of bond and stock portfolios.
Virginia R. Gibson, Ph.D. (State University of New York at Binghamton, 1986), Associate Professor of Management Information Systems. Information systems for management decision support, business climate.
Carol B. Gilmore, Ph.D. (Massachusetts, 1979), Professor of Management. Labor law, labor arbitration. Public sector collective bargaining, personnel management, employee rights, employee relations law.
Bret Golann, Ph.D. (Rensselaer Polytechnic Institute, 1996), Assistant Professor of Entrepreneurship/Marketing. Entrepreneurship and managing rapid growth.
Wayne Ingalls, MBA (Wisconsin, Madison, 1968), Certified Public Accountant. Instructor in Accounting.
Nory B. Jones, Ph.D. (Missouri, 2001), Assistant Professor of Management Information Systems. Knowledge management, collaborative technologies, and diffusion of technological innovations.
John F. Mahon, Ph.D. (Boston University, 1982), John M. Murphy Chair of International Business Policy and Strategy. Professor of Management. Management policy and strategy, global strategy.
Ivan M. Manev, Ph.D. (Boston College, 1997), Associate Professor of Management. Management of the multinational corporation, formation of strategy and competitive advantage in social networks, organizational change in post-communist transition societies.
Kim K. R. McKeage, Ph.D. (Massachusetts, 1996), Associate Professor of Marketing. Retailing, customer service quality, relationship marketing, internal marketing, socially responsible marketing, marketing education.
David M. Steiger, Ph.D. (Oklahoma State, 1993), Associate Professor of Management Information Systems. Knowledge management, data mining, decision support systems.
Natalie M. Steiger, Ph.D. (North Carolina State, 1999), Assistant Professor of Management. Systems analysis and optimization, operations research and production.
Robert A. Strong, Ph.D. (Pennsylvania State, 1983), University of Maine Foundation Professor of Investment Education and Professor of Finance. The dividend growth rate implied in common stock beta; asset allocation and purchasing power risk; bond portfolio duration.
Gloria Vollmers, Ph.D. (Texas at Dallas, 1993), Associate Professor of Accounting and Associate Dean. History of accounting, ethics in accounting and business, business history.
Stephanie A. Welcomer, Ph.D. (Pennsylvania State, 1997), Associate Professor of Management. Social and cognitive networks, stakeholder theory, organizations and the natural environment.
Additional information is available from:
Graduate Programs Office
Room 209 Donald P. Corbett Business Building
The University of Maine
Orono, ME 04469-5723
Phone: (207) 581-1973
E-mail: mba@maine.edu
Web: www.umaine.edu/business
Graduate School
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