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Business Administration, MBA

Offered in: CHICAGO | SCHAUMBURG

The MBA degree prepares students for executive and managerial positions in both the private and public sectors. The degree includes broad preparation in business administration, while allowing for a concentration in a specific business or related area. Emphasis is placed on the development of problem-solving and decision-making abilities.

Requirements

To earn the MBA, students must successfully complete 37 semester hours. Typically, this includes 13 courses: a one-semester-hour orientation course, eight core courses, three courses in an area of concentration, and one elective. Students whose academic preparation or work experience has given them a sufficient degree of expertise in a specific subject may petition to take a more advanced course in lieu of a particular core course. Of the twelve courses required for the degree, at least nine must be courses offered in the College of Business. If the concentration selected is outside the College of Business, then the elective must be a business course.

Three related courses constitute a concentration. Within the Heller College of Business, students may choose from the following areas: accounting, business forensics, finance, human resource management, information systems, international business, leadership, management, marketing, real estate, social entrepreneurship, and strategic management. Students also have the option of choosing a concentration from another graduate program within the university. These options and variations open a variety of career paths to MBA graduates. These concentrations are as follows: economics, hospitality management, industrial/organizational psychology, integrated marketing communications, nonprofit management, public administration/health services administration, and training and development.

Students may also propose an individualized concentration composed of at least three graduate-level courses offered anywhere in the university. These proposals must be described in detail with a solid rationale for the appropriateness of the plan. The college will give serious consideration to any individualized concentration that is challenging, coherent, and supportive of your educational objectives.

Students should plan their programs of study so that all prerequisites are completed before enrollment in Strategic Management (MGMT 489).

  BADM 401 Graduate Business Orientation .....1

Core Courses

  ACCT 405 Accounting for Executives .....3
  ECON 403 Economics for Decision Makers .....3
  FIN 408 Finance for Decision Makers .....3
  INFS 401 Information Resource Management .....3
  MGMT 403 Quantitative Analysis for Decision Makers .....3
  MGMT 407 Executive Leadership .....3
  MGMT 489 Strategic Management .....3
  MKTG 406 Marketing Strategies: Theory and Practice .....3
Concentration
  Three courses chosen from a single area .....9

Elective

  One graduate-level course approved by the Assistant Dean, Graduate Studies .....3

Concentrations

In addition to the core classes, each MBA student will complete a concentration consisting of three courses.

Within the Walter E. Heller College of Business, you can choose from many concentrations. Each concentration gives students an in-depth treatment of a specific functional area in business. The concentrations are:

  • Accounting
  • Accounting Forensics
  • Finance
  • Human Resource Management
  • Information Systems
  • International Business
  • Management
  • Marketing
  • Real Estate (available at Chicago campus only)
  • Social Entrepreneurship

Students are able to select a concentration from other graduate programs within the university. These options create new and innovative alternatives not previously available at MBA programs in the Chicago area. They open a variety of career paths not formerly accessible to MBA graduates. The concentrations include:

  • Economics (available at Chicago campus only)
  • Hospitality Management (available at Chicago campus only)
  • Integrated Marketing Communications
  • I/O Psychology
  • Managing Nonprofit Organizations (available at Chicago campus only)
  • Public Administration/Health Services Administration (available at Chicago campus only)
  • Training and Development

Additionally, students may propose an individualized concentration composed of at least three graduate level courses offered anywhere in the University. These proposals must be described in detail with a solid rationale as to why this focus of study makes sense for the student. The college will give serious consideration to any individualized concentration that is challenging and creative.

Accounting Concentration

Choose three of the following courses:

  ACCT 406 Issues in Asset Valuation .....3
  ACCT 407 Issues in Income Determination .....3
  ACCT 414 Advanced Accounting .....3
  ACCT 433 Professional Practice of Auditing .....3
  ACCT 442 Advanced Cost & Managerial Accounting .....3
  ACCT 447 International Accounting .....3
  ACCT 450 Accounting Information Systems .....3
  ACCT 454 Governmental and Nonprofit Accounting .....3
  ACCT 456 Federal Taxation .....3
  ACCT 457 Advanced Federal Income Taxation and Research .....3
  ACCT 471 Fraud Examination .....3
  ACCT 473 Financial Statements and Fraud .....3
  ACCT 474 Anti-Money Laundering .....3
  ACCT 475 Computer Forensics & Auditing .....3
  ACCT 477 Topics in Business Forensics .....3
  ACCT 491 Accounting Research and Analysis .....3
  ACCT 492 Professional Accounting Internship (3 credits) .....3
  ACCT 493 Seminar in Accounting .....3

Accounting Forensics Concentration

Choose three of the following courses:

  ACCT 473 Financial Statements and Fraud .....3
  ACCT 474 Anti-Money Laundering .....3
  ACCT 475 Computer Forensics & Auditing .....3
  ACCT 477 Topics in Business Forensics .....3
  ACCT 492 Professional Accounting Internship (3 credits) .....3

Finance Concentration

Choose three of the following courses:

  FIN 454 International Financial Analysis .....3
  FIN 482 Theory and Cases in Financial Management .....3
  FIN 483 Capital Markets and Financial Institutions .....3
  FIN 485 Investment Theory .....3
  FIN 487 Derivatives (Advanced Financial Instruments) .....3
  FIN 492 Professional Finance Internship (3 credits) .....3
  FIN 495 Independent Study in Finance .....3

Human Resource Management Concentration

Choose three of the following:

  HRM 400 Strategic Issues in Human Resources .....3
  HRM 405 Legal Issues in Human Resource Management .....3
  HRM 428 Workplace Diversity .....3
  HRM 430 Employee Benefits .....3
  HRM 432 Labor and Employee Relations .....3
  HRM 434 Employee Selection and Staffing .....3
  HRM 438 Compensation Management .....3
  HRM 492 Professional Human Resource Management Internship (3 credits) .....3
  HRM 493 Seminar in Human Resource Management .....3
  HRM 495 Independent Study in Human Resource Management .....3

Information Systems Concentration

Choose three of the following courses:

  INFS 412 Data Base Systems .....3
  INFS 413 Seminar in Information Security .....3
  INFS 421 Accounting and Financial Information Systems .....3
  INFS 430 Global Issues in Information Systems .....3
  INFS 440 Systems Analysis and Design .....3
  INFS 441 Systems Design and Implementation .....3
  INFS 451 Decision Support Systems .....3
  INFS 471 Management of Information Systems .....3
  INFS 488 Project Management .....3
  INFS 492 Professional Information Systems Internship (3 credits) .....3
  INFS 495 Independent Study in Information Systems .....3

International Business Concentration

Choose three of the following:

  ACCT 447 International Accounting .....3
  FIN 454 International Financial Analysis .....3
  INFS 430 Global Issues in Information Systems .....3
  MGMT 452 International Business: Environmental Analysis .....3
  MGMT 453 International Management and Leadership .....3
  MGMT 454 International Experience .....3
  MGMT 492 Professional Management Internship (3 credits) .....3
  MKTG 456 International Marketing Analysis .....3

Management Concentration

Choose three of the following courses:

  MGMT 405 Social Entrepreneurship I: Creating the Vision .....3
  MGMT 406 Social Entrepreneurship II: Implementation .....3
  MGMT 421 Operations Management .....3
  MGMT 423 Behavioral Science Systems for Management .....3
  MGMT 445 Business Forecasting .....3
  MGMT 452 International Business: Environmental Analysis .....3
  MGMT 453 International Management and Leadership .....3
  MGMT 454 International Experience .....3
  MGMT 465 Organizational Theory .....3
  MGMT 470 Organizational Change and Development .....3
  MGMT 472 CEO, Top Management, and the Board .....3
  MGMT 474 Management Consulting .....3
  MGMT 488 Project Management .....3
  MGMT 491 Special Topics in Management .....3
  MGMT 492 Professional Management Internship (3 credits) .....3
  MGMT 495 Independent Study in Management .....3

Marketing Concentration

Choose three of the following:

  MKTG 425 Communication and Consumer Behavior .....3
  MKTG 426 Research for Marketing Decisions .....3
  MKTG 440 Business Plan & Strategic New Ventures .....3
  MKTG 456 International Marketing Analysis .....3
  MKTG 492 Professional Marketing Internship (3 credits) .....3
  MKTG 493 Special Topics in Marketing .....3
  MKTG 495 Independent Study in Marketing .....3

Real Estate Concentration

Choose three of the following courses:

  REES 401 Real Estate Process .....3
  REES 405 Urban Land Economics .....3
  REES 411 Real Estate Finance & Investment .....3
  REES 421 Real Estate Law .....3
  REES 431 Real Estate Management & Marketing .....3
  REES 441 Real Estate Design & Feasibility .....3
  REES 451 Public/Private Development .....3
  REES 461 Project and Construction Management .....3
  REES 481 Real Estate Development .....3
  REES 492 Professional Real Estate Internship (3 credits) .....3
  REES 493 Special Topics in Real Estate .....3

Social Entrepreneurship Concentration

Choose three of the following:

  MKTG 440 Business Planning and Strategic New Ventures .....3
  SENT 405 Social Entrepreneurship I: Creating the Vision .....3
  SENT 406 Social Entrepreneurship II: Implementation .....3

Economics Concentration

  Choose three courses at the 400-level from Economics (ECON). .....

Hospitality Management Concentration

  Choose three courses at the 400-level from Hospitality and Tourism Management (HOSM). .....

Integrated Marketing Communications Concentration

MBA candidates who wish to concentrate in Integrated Marketing Communications (IMC) must take the following classes in sequence:

  IMC 409 Methods of IMC .....3
  IMC 446 Brand Planning and Message Strategy .....3
One class chosen from the list of six Principles electives:
  IMC 443 Principles of IMC Media Planning .....3
  IMC 450 Principles of Direct/Database Marketing Communications .....3
  IMC 461 Principles of CRM .....3
  IMC 471 Principles of Public Relations .....3
  IMC 472 Principles of Consumer/Trade Promotions .....3
  IMC 489 Principles of Internet Marketing Communication .....3

MBA students are not allowed to take any IMC classes for which they do not have the prerequisites. MKTG 406 is accepted as a substitute for IMC 401.

Industrial/Organizational Psychology Concentration

Choose three of the following:

  PSYC 462 Organizational Psychology .....3
  PSYC 662 Conflict Resolution in Organizations .....3
  PSYC 672 Organizational Culture – Personalities – Strategy .....3
  PSYC 673 Consulting Skills .....3

Managing Nonprofit Organizations Concentration

Choose three of the following:

  PADM 419 Strategic Planning for Public Administration .....3
  PADM 421 The Nonprofit Sector in the United States .....3
  PADM 423 Program Evaluation for Nonprofit Organizations .....3
  PADM 424 Resource Development in Nonprofit Organizations .....3

Public Administration / Health Services Administration Concentration

Choose three of the following courses:

  PADM 408 Topics in Policy Making .....3
  PADM 450 Health, Illness & Medicine in American Society .....3
  PADM 451 Introduction Health Services .....3
  PADM 453 Medical Ethics and the Law .....3
  PADM 455 Managed Care & Integrated Services Net .....3
  PADM 456 Economic Issues in Health Service Management .....3
  PADM 458 Marketing Health Management .....3
  PADM 459 Long Term Care Administration .....3

Training and Development Concentration

Choose three of the following:

  TRDV 400 Introduction to Training and Development .....3
  TRDV 423 Team Building and Leadership .....3
  TRDV 424 Consulting Tools and Techniques .....3
  TRDV 426 Organizational Communication .....3
  TRDV 427 Organization Analysis and Design .....3
  TRDV 433 Managing Organizational Change .....3
  TRDV 435 Organization Development .....3