Program Advisors: Dr. James Long (Chair)
Today's business leaders must combine expertise in their field with an ability to lead and manage in a complex and constantly changing business environment. The goal of the University of Mary MBA Program is to help students develop skills, knowledge, and abilities needed to excel in this complex and changing environment.
The University of Mary offers the MBA in three formats through the University of Mary Worldwide and the Gary Tharaldson School of Business: (1) An on-site accelerated format; (2) An online accelerated format; (3) Blended, with a combination of on-site and online courses. Students choose a focused area of study: Accountancy, Executive Business Administration, Energy Manatement, Healthcare, Human Resource Management, or Management.
The accelerated formats provide adult students the opportunity to complete a graduate degree in as few as 18 months while continuing to work. Classes are taught in seminar style, allowing for student participation and discussion and for immediate application in the workplace.
Class size is limited in all formats to ensure interaction between students and faculty and to maintain high academic standards consistent with the University of Mary. Adult students enroll with a cohort and learn from one another as well as the faculty, a teaching style and learning effective for adults.
Students in the on-site format meet one night per week for the duration of the program. The curriculum is distributed in a series of learner guides with detailed assignments for each week. The online format has a web-based curriculum that provides adult learners an opportunity to complete a graduate degree from the convenience of their computer. In the blended format, students may take some courses on-site and others online.
IACBE Accreditation The Gary Tharaldson School of Business at the University of Mary has received specialized accreditation for its business programs through the International Assembly for Collegiate Business Education (IACBE), located in Olathe, Kansas. The business programs in the following degrees are accredited by the IACBE:
- Executive Master of Business Administration
- Master of Business Administration - Accountancy
- Master of Business Administration - Healthcare
- Master of Business Administration - Human Resource Management
- Master of Business Administration - Management
- Master of Project Management
- Master of Science in Strategic Leadership
- Bachelor of Arts - Accounting
- Bachelor of Arts - Banking and Financial Services
- Bachelor of Arts - Business Administration
- Bachelor of Arts - Marketing
- Bachelor of Arts - Sport and Leisure Management
- Bachelor of Science - Accounting
- Bachelor of Science - Financial Services and Banking
- Bachelor of Science - Business Administration
- Bachelor of Science - Marketing
- Bachelor of Science - Sport and Leisure Management
- Bachelor of Science in Business with Concentrations in Human Resource Management, Management, and Marketing
MBA Program Outcomes
Students completing a Master of Business Administration degree will be able to:
- Design organizational structures that maximize the resource capabilities of an organization
- Formulate and justify effective business processes
- Assess the impact of domestic and global forces utilizing a strategic process Master's Program in Business
- Express ideas and concepts using written and oral formats in a professional manner
- Incorporate cost analysis into decision making and evaluations
- Recommend appropriate courses of action based on quantitative theories and techniques
- Evaluate ethical issues and integrate ethical frameworks and Benedictine values into business leadership practices
MBA in Healthcare
- Recommend practices and policies which appropriately address the unique healthcare laws and regulations healthcare organizations must follow
- Assess the impact of financial decisions to a health care organization
- Evaluate current issues in healthcare administration and possible impacts to an organization
Admissions for the MBA
Individuals holding a bachelor's degree or higher from a regionally accredited institution and who have an undergraduate GPA of 2.5 (on a 4.0 scale) overall, or 2.75 during the last two years of the undergraduate degree, or 3.00 in a major field of study will be admitted to begin graduate study.
Applicants who do not meet one or more of the admissions requirements may have their applications reviewed on a case-by-case basis.
To complete the application process, applicants submit:
- Completed University of Mary Graduate Studies application (to include goal statement essay)
- Official transcript from institution of higher education granting the bachelor's degree or higher
- Current Resume
- Two letters of recommendation from professional sources
- Application fee
After the successful completion of at least six semester credits of graduate course work and a review of academic progress by the graduate advisor, the student will be advanced to candidacy status according to the following criteria:
Students who do not maintain satisfactory academic progress as determined by University policy will be notified of their academic status in writing by the Office of Academic Affairs. Questions regarding academic standing should be referred to the student's academic advisor. The grading scale used for all graduate courses offered through the Gary Tharaldson School of Business is as follows:
- A minimum cumulative GPA of 3.0 on a 4.0 scale for graduate course work
- All graduate level courses must have a grade of C or higher to count toward the program requirements
- Acceptable personal, academic and professional conduct
- An approved program of study
Students accepted are be required to demonstrate they are properly prepared for the following three courses within the core:
- MGT 571 - Executive Economic Analysis
- MGT 555 - Managerial Finance
- MGT 605 - Managerial Accounting
Students must demonstrate adequate knowledge in each of these core topics before proceeding to the corresponding higher level course(s). To demonstrate proper foundational knowledge, students must complete one of the following three options:
- Enroll in a 3-credit five-week course through the University of Mary. Preparation courses are:
- MGT 532 Fundamentals of Economics
- MGT 533 Managerial Finance
- MGT 534 Financial Accounting: A Management Perspective Participation in these courses will add additional credits onto your program of study.
Obtain a waiver of co-requisite by providing evidence of completion of undergraduate coursework at a grade of C or higher within the past five years
- Economics Undergraduate Economics
- Finance Undergraduate Corporate or Managerial Finance
- Accounting Principles of Accounting 1 and 2 If the following graduate-level courses at the University of Mary or the graduate-level equivalent at another regionally accredited institution have been completed within the past seven (7) years with a grade of C or higher, the waiver would apply:
- Economics MGT 531 Survey of Economics or MGT 535 Economic Principles
- Finance MGT 551 Foundations for Financial Decisions or MGT 554 Survey of Accounting and Finance
- Accounting MGT 554 Survey of Accounting and Finance
In addition, if a student has graduate level credit for MGT 571, MGT 555 and/or MGT 605 or the equivalent from another regionally accredited institution with a grade of B or higher that has been approved by the Gary Tharaldson School of Business for transfer, the waiver would apply. If a student has an appropriate certification, such as a current CPA license, that may also be reviewed on a case-by-case basis for waiver.
- Pass an assessment test or complete a self-paced course. This assessment and self-paced course will be determined by the University of Mary. If necessary, a University of Mary representative will direct you to the applicable testing service. There is no cost for taking the initial assessment.
- If you receive a 70% or higher on the free assessment, you have shown adequate knowledge in that content area and have satisfied the pre-requisite requirement.
- If you receive a score lower than 70%, you can enroll in the self-paced course. Once complete, you will need to score at least 70% on the assessment to satisfy the pre-requisite requirement. Your advisor can provide additional information on how to access the assessment test, self-paced courses, etc.
Upon completion of the program of study, students are required to participate in university and program assessment of outcome achievement. Please see reference to ALU 799.
Required Core Courses for the MBA The following courses are core content for the MBA and are completed by all MBA students:
MGT 504 Management and Organizational Behavior
MGT 555 Managerial Finance
MGT 571 Executive Economic Analysis
MGT 605 Managerial Accounting
MGT 610 Marketing
MGT 635 Law in the Managerial Environment
MGT 701 Strategic Decision Making
In addition to foundation and core courses, students enroll in the following courses which are focused content for their particular program.
MBA in Healthcare MGT 505 Human Resource Management
MGT 630 Current Issues in Healthcare Administration
NUR 648 Healthcare Law and Policy
MGT 653 Healthcare Organizations and Finance