Eastern Illinois University

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Eastern Illinois University

School of Business
Our Mission

We educate students to contribute positively to businesses, government, and nonprofit organizations in a diverse and dynamic world by:
• Embracing a culture focused on students, relationship driven learning, critical thinking, and personal discovery.
• Promoting collaborative learning through interaction among students, faculty, business and community partners.
• Enhancing student learning through applied and pedagogical business research and service activities.
Our Vision

To be the business school of choice by educating students who become effective and respected leaders in the global environment.
Core Values - ERIC
• Excellence
o We are committed to a student centered, relationship-driven environment that is supported through quality teaching, research, and service.
o We progress through innovation and creativity, recognizing the necessity of optimism and flexibility of thought and processes.
• Respect
o We value each member of our community and treat each other with respect and dignity, fostering a collegial environment.
o We value the free exchange of ideas.
• Integrity
o We are honest, ethical, and professional in the performance of our responsibilities.
o We are responsible citizens who are accountable for our actions.
• Community
o We recognize our community of stakeholders and serve them through open communication, collaboration and cooperation.
source:http://www.eiu.edu/~mba/mbaprogoffer.php
 
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Re:MBA Program in Eastern Illinois University

MBA Program


Exciting Curriculum Changes for the MBA Program!
Beginning this fall semester, the MBA curriculum will look a little different. We now have two new "options" for students to choose from—a Research Option or an Applied Management Option.
The Research Option is designed for students who want to focus on business research and quantitative methods for research. Students would want to complete the Research Option if their goals are to continue their education and pursue a Ph.D. or if they have an interest in conducting research with a faculty mentor. The Applied Management Option is very similar to the current General Management MBA, but includes two new courses, MBA 5000, Strategic Management, and MBA 5900, Management Simulation. The Strategic Management course is designed for students to take as one of the first courses in the program, which covers ethical and social responsibility in strategic decision making, including value chain analysis, and internal, external, and global considerations. The Management Simulation course emphasizes integrative decision making utilizing a nationally recognized on-line simulation.
The MBA with Accountancy Concentration will continue to be offered--the main change for this program will be the replacement of the current MBA 5890, Administrative Policy course with the new MBA 5900, Management Simulation course.
 
Re: MBA program provides choices for students

MBA program provides choices for students

About the Program

The :
MBA with Research Option
MBA with Applied Management Option
MBA with Accountancy Concentration
Certificate of Accountancy
For prerequisite information regarding the MBA with Research Option and the MBA with Applied Management Option , see the Phase I prerequisites.
For prerequisite information regarding the MBA with Accountancy Concentration, see the Phase I prerequisites and the accountancy prerequisites.
The EIU MBA offers you full-time and part-time flexibility. We also offer courses at both EIU in Charleston and at Parkland College in Champaign; click here for more information on our facilities and locations. For information on cost of attendance and scholarships, click here.

MISSION STATEMENT & PROGRAM GOALS

Please click on the following links to learn more about our mission and goals:
Mission Statement
Program Goals

FULL-TIME & PART-TIME FLEXIBILITY

The MBA program at Eastern Illinois University is designed so that students can complete their program of study on a part-time or full-time basis. Classes offered at Eastern's campus in Charleston start at 4:00 p.m. and 7:00 p.m. Classes available in Champaign at Parkland College begin at 6:30 p.m. or 7:00 p.m. All MBA classes offered at Parkland or Eastern are taught by full-time, doctoral qualified faculty from EIU's School of Business.

You can meet with the MBA Coordinator at EIU to find out more about the program. Stop by Lumpkin Hall room 4025 or call 217-581-3028 to schedule an appointment.

The MBA Coordinator also schedules appointments at the Parkland site to meet with prospective and current part-time students for academic advising. To schedule an appointment at Parkland, please contact Pat Hufmeyer at the EIU Office at Parkland College, 217-351-2543.

As soon as all of the Phase I prerequisite courses are completed, off-campus, part-time students can complete the program within two years, taking two graduate level courses each semester. The tentative schedule of course offerings will give you an idea of when the classes are offered at Eastern and Parkland.
FACILITIES & LOCATIONS

Lumpkin Hall on Eastern Illinois University's campus in Charleston, IL is the home of the MBA program. This state-of-the-art facility offers the latest computer technology in classrooms and computer labs, including wireless internet access, extensive software, and electronic communication capabilities.

The modern campus of Parkland College in Champaign, IL serves as an off-campus site for Eastern's MBA program. This major urban location serves the needs of adult professionals with the flexibility of a fully-accredited program for students needing part-time study.

Eastern has seen vast improvements to its campus over the past few years. The Booth Library renovation project was one of the most successful projects to be completed recently. The newly-renovated library is a beautiful, state-of-the-art research facility located on Eastern's campus within a few hundred yards of Lumpkin Hall, where all core MBA classes are held. To learn more about EIU's Booth Library click here to visit the Booth Library homepage.

COST OF ATTENDANCE & SCHOLARSHIP INFORMATION

The figures below indicate the estimated tuition and fees for a full-time MBA student who has already completed all Phase I courses and will complete the MBA program within the fall, spring, and summer semesters. Data has been taken from estimated 2008-2009 figures from Financial Aid; all figures are approximate. Click here for more detailed information from the Financial Aid website. If you would like more information on housing at EIU, click here.
In-State: $9576.00
Out-of-State: $23,964.00
Internal EIU scholarships open to MBA students include the Foster C. Rinefort Scholarship, the Judge and Usha Oberoi Scholarship, and the Accountancy Advisory Board MBA Concentration in Accountancy Scholarship. Scholarships administered through the Graduate School at EIU include the Frances Meyer Hampton Graduate Scholarship Award. Competitive awards are also available through the Graduate School. For more details about financial assistance through the Graduate School, click here.
External sources for finanacial assistance are also available. For resources on paying for your mba, visit the mba.com website. Click here for information on the Jack Kent Cooke Foundation scholarship program.
 
Re: MBA 5550, Marketing Management

MBA 5550, Marketing Management
Course Description: The techniques of management as applied to the functional areas of
marketing. Both quantitative tools and behavioral tools are used. Prerequisites: BUS 3470 and
Admission to the MBA Degree Program.
Learning Objectives:
1. Develop an understanding of and skill in the use of marketing strategy development concepts
and tools, to supplement marketing management concepts and tools appropriate to tactical or
operational decisions.
2. Acquire an analytic ability in the recognition, definition, and solution of strategic marketing
problems within the contexts of the overall business strategy/environment and the marketing
concept.
3. Develop an understanding of the strategic business unit as a focal point for formulating,
articulating, and implementing marketing strategy.
4. Develop business and product portfolios.
 
Re: MBA 5640, Financial Management

MBA 5640, Financial Management
Course Description: An investigation of the firm's acquisition and financial activities, to include
working capital management, capital budgeting, capital structure strategies, and valuation theory.
The practical application of financial policy is stressed for decision-making purposes. This is an
interdisciplinary course and assumes a working knowledge of the principles in the preceding
academic disciplines. Prerequisites: BUS 3710, BUS 2810, and admission to the MBA Program.
Learning Objectives:
1. Integrate treatment of the processes of financial management of the Firm into the existing
business management fundamentals supported by the economic, finance, and accounting.
2. Develop an understanding of the unique characteristics of the financing process of the Firm.
3. Develop the fundamentals for using financial evaluation of the Firm to determine financial
underwriting risk.
4. Attain the level of competence needed for you to understand political, physical and financial
factors that contribute to the creation of Firm value.
5. Understand and apply the evaluative structure for integrating quantitative measures with
qualitative characteristics to make a business decision.
 
Re: MBA 5660, Operations Management

MBA 5660, Operations Management
Course Description: An examination of operating problems from the standpoint of the production
executive. Prerequisite: BUS 3950 and admission to the MBA Program.
Learning Objectives:
1. Apply the concepts of production systems, management processes, and decision making in
operations.
2. Understand the role of management in product development and product design.
3. Examine the functions of independent and dependent demand inventories and some techniques
for their control.
4. Evaluate capacity planning techniques and formulate operations strategy.
5. Analyze the importance of human factors in job design and work measurement.
6. Examine the techniques of Material Requirements Planning (MRP) and Just-in-Time systems.
7. Analyze the importance of operations to all organizations that produce good and services.
8. Examine the importance of Quality Management and Statistical Process Control.
9. Integrate service operations in a modern economy.
10. Examine the technical factors affecting operations.
 
Re: MBA 5905, Business Research Project

MBA 5905, Business Research Project
Course description: Second phase of the business research project where the student is engaged in
intensive investigation of a topic in cooperation with an approved member of the graduate
faculty. Prerequisites: MBA 5510, MBA 5515 and consent of approved instructor and approval of
a completed application by the Graduate Business Studies Coordinator.
Learning Objectives:
1. Make recommendations that solve business problems using in-depth business knowledge that
builds upon existing literature.
2. Apply the analytical procedures and methods relevant to exploratory research.
3. Apply appropriate research tools, which could include survey instruments, interviews,
telephone surveys, observations, and/or databases.
4. Defend research methods and results in both report and presentation formats that are ready for
submission to an academic journal and presentation at a professional conference within the
appropriate discipline.
 
Re: MBA 5000, Strategic Management

MBA 5000, Strategic Management
Course Description: The major functions of top management, the major problems that affect the
success in the total organization, and the decisions that determine the direction of the enterprise.
Heavy emphasis on the ethical-social responsibility with implications in strategic decision
making, including value chain analysis, and internal, external, and global considerations. Includes
case studies, special reports, and seminar discussion of firm management problems. This course
must be taken the first semester of the MBA program.
Learning Objectives:
1. Evaluate the role of leadership and teamwork activities in organizational effectiveness and
profitability.
2. Demonstrate managerial problem solving and decision-making skills.
3. Analyze strategic planning with a “systems” approach, including value chain analysis and other
modern strategic management models and theories for both long- and short-term perspectives.
4. Identify the role that vision, mission, goals, strategies, and policies play in domestic and
international management.
5. Identify and analyze managerial problems in a dynamic environment and recommend practical
and timely solutions to them.
6. Make business decisions that include management attitudes and values, and with consideration
for social and ethical implications.
 
Re: MBA 5680, Organizational Behavior and Group Dynamics

MBA 5680, Organizational Behavior and Group Dynamics
Course Description: Organizational and business application of theory and research in individual
differences, interpersonal relations, and small group research. Prerequisites: BUS 3010 and
admission to the MBA Program.
Learning Objectives:
1. Develop an understanding of issues involved in managing people and organizations.
2. Diagnose causes of organizational problems and to develop judgment to deal with those
problems.
3. Develop understanding of the behavioral factors affecting human and organizational outcomes.
4. Utilize organizational behavior concepts in human resource management.
 
Re: MBA 5500, Quantitative Modeling

MBA 5500, Quantitative Modeling
Course Description: A study of practical statistics and operations research topics using
spreadsheet models. Statistical concepts include confidence intervals, hypothesis testing, chisquare
tests, t-tests, ANOVAs, correlation analysis, and regression analysis. Operations research
topics will integrate finance, marketing and operation management models using spreadsheets.
Prerequisites: Admission to the MBA degree program and all Phase I courses.
Learning Objectives:
1. Practice using statistical tools used most frequently in business including confidence intervals,
hypothesis testing, chi-squared tests, t-tests, ANOVA=s, correlation analysis, and regression
analysis.
2. Apply theories of operations research/management science in an organizational setting.
3. Develop spreadsheet modeling skills that are needed for solving problems in all business
disciplines. In particular, examples from finance, marketing and operations management will be
covered.
4. Solve linear and nonlinear programming problems using the Excel Solver Add-In.
5. Solve multiple objective decision making problems using the Excel Solver Add-In.
6. Integrate concepts from finance, marketing, operations management and information systems.
 
Re: MBA with Applied Management Option

MBA with Applied Management Option


The required courses in the MBA with Applied Management Option are:

Course Prerequisite(s)
MBA 5000, Strategic Management

MBA 5500, Quantitative Modeling
Completion of all Phase I courses
MBA 5550, Marketing Management
BUS 3470, Principles of Marketing
MBA 5605, Managerial Accounting Control
BUS 2102, Principles of Accounting II
MBA 5640, Financial Management
BUS 2810, Business Statistics; BUS 3710, Business Financial Mgt.
MBA 5660, Operations Management
BUS 3950, Operations Management
MBA 5670, Information Systems
BUS 3500, Management Information Systems
MBA 5680, Organizational Behavior
BUS 3010, Mgt. & Org. Behavior
MBA 5900, Management Simulation
MBA 5605, Managerial Accounting Control; MBA 5640, Financial Management; MBA 5660, Operations Management
6 Hours of Electives Must be in business or related subjects and must be approved by the MBA Coordinator.
Total: 33 Semester Hours
source:http://www.eiu.edu/~mba/mbaprogoffer.php
 
Re: MBA with Accountancy Concentration

MBA with Accountancy Concentration


The required courses in the MBA with Accountancy Concentration are:

Course Prerequisite(s)
MBA 5500, Quantitative Modeling
Completion of all Phase I courses
MBA 5550, Marketing Management
BUS 3470, Principles of Marketing
MBA 5640, Financial Management
BUS 2810, Business Statistics; BUS 3710, Business Financial Mgt.
MBA 5660, Operations Management
BUS 3950, Operations Management
MBA 5670, Management Information Systems
BUS 3500, Management Information Systems
MBA 5680, Organizational Behavior
BUS 3010, Mgt. & Org. Behavior
MBA 5900, Management Simulation
MBA 5640, Financial Management; MBA 5660, Operations Management
ACC 5200, Financial Accounting Standards
ACC 3250, Financial Accounting Theory II
ACC 5400, Advanced Auditing & Assurance Services
ACC 4700*, Admission to MBA or permission of the Coordinator, Graduate Business Studies
*Prerequisite for all 4000-level ACC courses: cumulative EIU GPA of 2.5 or higher
Concurrent courses: Students are strongly encouraged to take ACC 3200 concurrently with ACC 3300. Students are strongly encouraged to take ACC 3250 concurrently with ACC 3900.
ACC 5450, Legal & Reg. Env. of Acc. Prof. BUS 2750, Legal and Social Environment of Business. No credit for students who have successfully completed MGT 3470 and MGT 3480.
3 Hours of Accounting Electives See list below for approved electives.
Total: 34 Semester Hours


Students must choose one elective course from the following list. The options are as follows:

Course Prerequisite(s)
ACC 5000, Fraud Examination Admission to the MBA program or permission of the Coordinator, Graduate Business Studies
ACC 5100, Special Topics Determined by subject matter
ACC 5300, Strategic Cost Management ACC 3300,Management and Cost Accounting or MBA 5605, Managerial Accounting
ACC 5700, Seminar on Challenges in ACC ACC 3200
 
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