Mar 28, 2024  
2014-2015 Graduate Catalog 
    
2014-2015 Graduate Catalog [ARCHIVED CATALOG]


Business Administration



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The MBA 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 MBA 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.  Please visit our website: http://www.umaine.edu/business/mba/

 

The MBA program consists of 39 credits. There are 33 credits of classroom-based courses and 6 experiential credits – an internship, and an international trip. There are seven core classes covering the major business disciplines, and four elective courses allowing students to choose a concentration.

 

The Professional MBA program is 36 graduate credit hours and open to professionals with demonstrated management experience of at least three consecutive years; thus, waiving the internship.

 

The MBA-JD Joint Degree Program with the University of Maine School of Law, the Graduate Business Certificate (15 cr hrs) offered online or on campus, and 5-Year MBA Program for non-business undergraduates are also offered.

 

Matriculated students may study on a full-time or part-time basis. Courses run in the fall, spring, and summer semesters and are offered in the afternoon and evenings on campus. Select courses are offered online at various times throughout the year. 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 less time.

 

MBA 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. We have had many international MBA students, representing at least 10 different countries over the past few years.


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

Prerequisite Requirements


Students are expected to have course work completed in financial and managerial accounting, micro and macroeconomics, management, marketing, finance, and statistics. These eight courses at The University of Maine include:

  • BUA 201: Financial Accounting
  • BUA 202: Managerial Accounting
  • BUA 370: Marketing
  • BUA 325: Management
  • BUA 350:  Finance
  • ECO 120: Micro Economics
  • ECO 121: Macro Economics
  • MAT 215: Intro to Statistics for Business & Economics (or MAT 232, or equivalent)

These may be taken at an accredited college or university or at The University of Maine prior to graduation. Students who already hold an undergraduate degree are eligible to take two accelerated courses to meet this requirement: BUA 400 combines both financial and managerial accounting, and ECO 410 combines micro and macroeconomics. Students are required to earn a minimum of a B- in all prerequisite courses. Candidates are also expected to be proficient in MS Office applications, have excellent writing and presentation skills, and provide quality references with their application.

 

For graduates of bachelor’s degree programs only, The Maine Business School offers three tutorials as an alternative to coursework as qualifying prerequisites in Management, Marketing, offered through Blackboard, and Finance (offered through Harvard). A minimum grade of B- (80%) is required for each tutorial.
 

Students intending to complete the Accounting concentration will also need to have completed the following additional University of Maine courses or their equivalents with a B- or better:

  • BUA 301 – Intermediate Accounting I
  • BUA 302 – Intermediate Accounting II
  • BUA 305 – Cost Accounting
  • BUA 310 – Auditing
  • BUA 312 – Federal Taxation of Individuals

 

Experiential Requirements


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

 

The Field Experience/Trip


All students are required to complete a faculty-led field experience 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 Japan, Brazil, Germany, France, Bulgaria, China, and the Czech Republic.

  • Credits: 3-4
  • Students will cover the majority of the travel costs of their international trips through an $80 per credit hour course fee, assessed on each MBA course. This fee is in addition to the tuition cost of the BUA 596 course.  

     

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, a nonprofit organization, or being part of a consulting team from the Business School working on a project for a firm.

CONCENTRATIONS


Candidates for the MBA degree have a choice of several concentrations within the MBA program: (Students are allowed to take ONE pre-approved 400 level class.)

Management Concentration


The following list represents approved courses in the management concentration, but does not represent a complete comprehensive list since courses are added and dropped across the University. Select 4 courses from the following:

Finance Concentration


Finance Required Courses:

Business & Sustainability Concentration


Business and Sustainability Required Courses:

Accounting Concentration


Accounting Required Courses:

International Business Concentration


International Business Required course: 3 credit hours

Application Process and Requirements


Applications are reviewed on a rolling admission basis, meaning that once the application is complete, the admission evaluation process begins. The application can be completed online or downloaded at http://www.umaine.edu/graduate  The application includes submission of the following items:
 

  • Personal essay
  • Three letters of recommendation
  • Current resume
  • Official college transcripts from all schools attended
  • Official score reports from the Graduate Management Admission Test (GMAT) taken within the last five years.  When ordering GMAT report, use Institution Code 1ZF-RM-18
  • For applicants whose native language is not English, original iBT TOEFL score report is required or comparable of English language proficiency report. When ordering TOEFL score, use Institution Code 3916.
  • The $65 online application fee may be paid by credit card (Visa, Master Card or Discover), or check / money order made payable to the University of Maine.  Paper applications require a fee of $75.

Application materials should be sent to:

The Graduate School
5755 Stodder Hall, Room 42
University of Maine
Orono, ME 04469-5755

All application materials must be received by June 1 to be considered for fall admission, by November 1 for the spring semester, and by April 15th for summer admission. Completed applications for students requesting financial aid must be received by the January 15 prior to fall semester.

We recommend that prospective students apply earlier if they anticipate needing to complete tutorials or foundation courses (as outlined below under “prerequisite foundation courses.”)

Admission Criteria


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 bachelor’s degree from an accredited college/university with a 3.0 cumulative GPA; 3.5 preferred. All prerequisites for the MBA must each have a grade of B- minimum. Candidates are also expected to have strong analytical, math, writing, and presentation skills. Full admission is based on meeting all prerequisites, academic standards, satisfactory GMAT scores, and all requirements. Conditional or provisional admission is possible as specified under Graduate School policies.

GMAT Score: Applicants must submit official GMAT scores taken within the last five years. A GMAT score of 550 is preferred; no less than 500. GMAT scores less than 500 considered for conditional admission providing other strong qualifications are demonstrated in the application.

Letters of Recommendation: Three letters of recommendation are required. Letters should be of high quality from credible sources; i.e., from current or former supervisors, current or former professors, those who can comment on the candidate’s academic strengths, work ethic, responsibilities and accomplishments, career advancement, managerial experience, and predictable success in the MBA program.

Communication Skills:
Students are required to submit a personal essay as part of their application. The essay is an opportunity for the candidate to expound upon the candidate’s strengths and aptitude for the MBA program and ability to add value to The University of Maine ‘s Graduate Program. The essays are evaluated not only for content, but also for writing style, cohesion, purpose of study, and must be free of grammatical errors. Interviews are not required for admission to the University of Maine MBA program, but may be requested by either the applicant or the Business School.


Work Experience:
Work experience is not required but encouraged for admission to the MBA program. Significant work experience with management responsibilities is required for the Professional MBA program.


International Students: Applicants whose native language is not English must also provide evidence of the Test of English as a Foreign Language (TOEFL) or comparable English language proficiency score report (i.e., IELTS, ELS Language Report). The test must have been taken within the past three years. Check the MBA program website for applicable scores required for consideration of admission. The test must have been taken within the past five years. A WES or ECE course-by-course report for coursework taken at an overseas college/university may be required.
________________________________________

Apply Online!


Or, download the application forms below

All applications are in PDF format and require Adobe Acrobat Reader to view.

Arrangements for the Graduate Management Admission Test may be made by contacting:

Graduate Management Admissions Test (GMAT) or www.gmac.org
Internet: http://www.umaine.edu/business/mba

If you have any questions, please contact us at 207-581-1971 or via email at: carol.mandzik@maine.edu
 

Graduate Faculty


 

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

Jean Henri Akono, Ph.D. (University of Texas at San Antonio) Assistant Professor of Accounting. Financial and managerial accounting.

Scott Anchors, Ph.D. (Iowa State University, 1987), Lecturer in Management.

David J. Barrett, CPA, MSA (Indiana University), Lecturer in Accounting. Financial Accounting, Financial Statement Analysis.

Richard H. Borgman, Ph.D. (University of Florida, 1994), 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 of Business Law.

Steven C. Colburn, Ph.D. (University of Georgia, 1989), Associate Professor of Accounting. Taxation of individuals, corporations, trusts and estates, with emphasis on tax planning.

Wendy Coons, M.S.A. (University of Maine, 2006), Lecturer in Accounting.

Patti Collett-Miles, Ph.D. (University of Texas at Arlington, 2008), Assistant Professor of Management.

Harold Z. Daniel, Ph.D. (University of Connecticut, 1997), Associate Professor of Marketing. Organizational buying behavior and strategic acquisition, collaborative research and development, strategic management of technology, diffusion of innovations, consumer satisfaction, student retention in higher education.

Niclas Erhardt, PhD (Rutgers University, 2008). Assistant Professor of Human Resource Management.

C. Matt Graham, M.S.B.E. (Southern New Hampshire University, 2004), Lecturer of Management Information Systems.

Jason Harkins, Ph.D. (University of Oklahoma, 2008), Assistant Professor of Management.

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

John F. Mahon, D.B.A. (Boston University, 1982), Founding Director of the School of Policy and International Affairs, John M. Murphy Chair of International Business Policy and Strategy. Professor of Management. Management policy and strategy, global strategy.
 

Carol L. Mandzik, M.B.A (Husson University, 2003), Associate Graduate Faculty and Graduate Coordinator.  Management and Organizational Behavior, Human Resource Management, International Marketing, Organizational Communication, Business & Technical Writing, Business Communication.

Ivan M. Manev, Ph.D. (Boston College, 1997), Dean of the College of Business, Public Policy, and Health, Nicholas Salgo Professor of Business Administration and Professor of Management. Management of the multinational corporation, formation of strategy and competitive advantage in social networks, management in post-communist transition societies. 

Grant Miles, Ph.D. (Pennsylvania State University) Associate Professor of Management. strategic management, organization theory, and business ethics.
 

Susan E. Myrden, Ph.D. (Saint Mary’s University) Assistant Professor of Marketing. Service marketing, Service-Profit chain, employee engagement.

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

Robert A. Strong, Ph.D. (Pennsylvania State University, 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.

Ebru Ulusoy, Ph.D. (University of Texas, Pan American, 2011), Assistant Professor of Marketing.

Gloria Vollmers, Ph.D. (University of North Texas, 1993), Professor of Accounting. History of accounting, ethics in accounting and business, business history.

Stephanie A. Welcomer, Ph.D. (Pennsylvania State University, 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) 581-1971
E-mail: carol.mandzik@maine.edu
Web: www.umaine.edu/business/mba
 

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