Aug 15, 2018  
2008-2009 Graduate Catalog 
2008-2009 Graduate Catalog [ARCHIVED CATALOG]

Business Administration

Return to {$returnto_text} Return to: Graduate Programs and Certificates

The M.B.A. program at the Maine Business School is designed to provide students the skills and understanding to achieve long-term success in the complex, rapidly changing, global economy. The program emphasizes experiential, hands-on learning, teamwork, critical thinking, and leadership while still delivering a core set of knowledge in the traditional business disciplines. The University of Maine M.B.A. program produces graduates with practical business skills and a global perspective, but more importantly, produces business leaders who can think strategically and critically, adapt and foster change, inspire and lead, and create and convey a vision.

The M.B.A. program consists of 42 credits. There are 33 credits of classroom-based courses and 9 experiential credits – residency week, an internship, and an international trip. There are six core classes covering the major business disciplines, and five elective courses allowing students to choose a concentration or track.

Admitted students may commence their studies on a full- or part-time basis in the fall, spring or summer terms, although most students begin during the August residency week. A majority of our students complete the MBA program in two years. However, it is possible for full-time students, who have completed the foundation courses or their equivalents, to complete the program of study in three semesters and a summer term.

M.B.A. students at the Maine Business School come from varied backgrounds, with undergraduate degrees from more than 40 undergraduate institutions and more than 25 different majors. Twenty percent of our MBA class are international students, representing 10 different countries.

The Maine Business School M.B.A. is accredited by AACSB International – The Association to Advance Collegiate Schools of Business.

Foundation Requirements

All students are expected to enter the program with knowledge of macroeconomics, microeconomics, and financial and managerial accounting. These prerequisites may be met on campus through two accelerated courses for pre-M.B.A. students, listed below.  Students entering the M.B.A. program also need knowledge of marketing, management, statistics, and finance.  These requirements can be met through prior course work or through the completion of tutorials coordinated by the Maine Business School Graduate Office. Information about the tutorials is provided after a student is admitted.

Experiential Requirements

In addition, all candidates for the MBA degree must complete the following three experiential requirements:

The Residence Week

All students attend this week-long residency before their first fall semester. The residency week is typically scheduled in late August. For the 2007-2008 academic year, residency week is August 26 through August 31, 2007.

The Field Experience/Trip

All students are required to complete a group field experience, usually in an international environment, near the end of the program. In recent years, our students have participated in international study courses in countries such as Germany, France, Bulgaria, China, and the Czech Republic.

  • BUA 596 - International Field Study Credits: 3-4
  • Students will cover the travel costs of their international trips through a $60 per credit hour course fee, assessed on each MBA course. This fee is in addition to the tuition.

The Internship/Consulting Requirement

All students will be expected to apply the skills from the program to an organization in a hands-on environment. This may be an internship in a profit-making firm, or a not-for-profit, or being part of a consulting team from the Business School working on a project for a firm.


Electives and Tracks

Candidates for the MBA degree may complete a General Management Track or choose a more focused track in finance.

Students pursuing the General Management track can choose their five 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.

Finance Track

Students take:

Application and Admission Requirements

Completed applications for fall admission need to be received by June 1, and by November 1 for the spring semester. Completed applications for students requesting financial aid need to be received by the February 15 prior to fall semester.  We recommend that prospective students apply earlier if they anticipate needing to complete tutorials or foundation courses

More information about the MBA program and the application and admissions requirements can be found at

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 3.47.

GMAT Score: All applicants for the MBA program must submit official scores obtained on the Graduate Management Admission Test (GMAT) taken within the last five years. Students are considered competitive with GMAT scores above 500. The average for our most recent class was 575. In addition, the Business School requires a 3.5 on the 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 are occasionally admitted on a conditional basis 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. 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. 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: In order to be enrolled in 600-level BUA courses, students 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, and who are deemed potentially admissible, may request permission to take one 600-level BUA course before admittance in the program.

Graduate Faculty

Pankaj Agrrawal, Ph.D. (Alabama, 1996) Assistant Professor of Finance. Quantitative portfolio management, multi-constraint optimization, long-short market-neutral hedged portfolio construction, estimating optimal market betas, alpha modeling, corporate governance.

David J. Barrett, CPA, M.S.A., A.B.D. (Indiana University), Lecturer in Accounting. Financial Accounting, Positive Accounting Theory

Richard H. Borgman, Ph.D. (Florida, 1994), Associate Professor of Finance. Financial institution management, securitization, portfolio risk management, asset pricing, international finance.

Martha A. 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.

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.

Nory B. Jones, Ph.D. (Missouri, 2001), Associate Professor of Management Information Systems. Knowledge management, collaborative technologies, and diffusion of technological innovations.

Omar J. Khan, Ph.D. (St. Louis University, 2006), Assistant Professor of Marketing.

John F. Mahon, D.B.A. (Boston University, 1982), Interim dean of the College of Business, Public Policy and Health, and interim director of the Maine Business School. 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), Nicolas Salgo Professor of Business Administration and Associate Professor of Management. Management of the multinational corporation, formation of strategy and competitive advantage in social networks, management in post-communist transition societies.

Terry B. Porter, Ph.D. (Massachusetts - Amherst, 2006), Assistant Professor of Management. Business strategy and policy, top and middle management strategic roles, multinational and multicultural strategic management, ethics and social responsibility in business policy.

Ferdinand T. Siagian, Ph.D. (Oregon, 2002), Assistant Professor of Accounting. Cost accounting, financial statement analysis, earnings management, corporate governance, executive compensation.

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), Associate 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. (University of North Texas, 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:
Maine Business School Graduate Programs Office
5723 Donald P. Corbett Business Building, Room 209
The University of Maine
Orono, ME 04469-5723
Phone: (207) 581-1973

Return to {$returnto_text} Return to: Graduate Programs and Certificates