UMR's MBA - Missouri University of Science and Technology

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THE UMR MBA
Business.Technology.Innovation
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Begins January 2007.
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Integration of all business
areas.
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Focus on technology and
business development.
UMR MBA Mission
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The UMR MBA prepares individuals for managerial
leadership in a complex, ever-changing, technologydriven global environment. Our innovative instruction,
based on an integrated core curriculum, team projects
and advanced research, will meet the needs of students,
employers and society.
MBA Outlook
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The 2006 Graduate Management Admissions Council
Corporate Recruiters Survey includes responses from
1,270 recruiters representing 737 companies that hire
MBAs.
Corporate recruiters said they plan to hire 18 percent
more MBAs this year than in 2005, on average, with
finance and marketing expertise in particularly high
demand.
Engineering + MBA
A Dynamic Career Combination

The UMR Engineering Degree in any discipline PLUS
the UMR MBA is a dynamic academic combination in
order to help prepare you for a successful career.
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Approximately 30% of all UMR Engineering Alumni
achieve an MBA in addition to their engineering
undergraduate degree.
Engineering + MBA
“An MBA degree has been very useful in my career.
Combining the logical thought processes, discipline and
technology experience developed in an engineering
program with the business, financial and organizational
knowledge obtained from an MBA is beneficial to both
future engineering managers and in general
management.”
Mike Bray, President and COO, TNP Enterprises, Inc.
Member , American Society of Mechanical Engineers
UMR BSME 1970
Engineering + MBA
"Engineering, itself, is an excellent degree. However,
there are many advanced degrees that complement an
engineering undergraduate degree. Engineers are
typically not business trained...they know the mechanics
(the technical side) but do not have a thorough grasp of
the financial, accounting, business side. An MBA gives
them that. An undergraduate Engineering and MBA is
one of the most marketable combinations available.“
Mike J. Meyer, Group Director of Brewing Engineering, and
Technology Anheuser Busch Companies, Inc.
UMR BSME 1975
Technology Based MBA
What does that mean?
What Is ERP?

Enterprise Resource Planning (ERP) software systems
facilitate decision making by capturing all corporate data
and making it available to managers as usable
information. Examples of ERP are SAP,
Oracle/Peoplesoft and Microsoft.

The Enterprise Resource Planning market will grow 7.7
percent worldwide and the supply chain management
market will grow 6.8 percent worldwide through 2009.
- Nov 11, 2005 Gartner Research Group
Why an ERP Focus?
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ERP systems are used by 85% of Fortune 1000
businesses.
UMR Business Administration has established an ERP
Center
Hosted software includes SAP and Microsoft’s Business
Solutions
UMR is one of the very few universities in the U.S. fully
integrating ERP into the curriculum.
Faculty with expertise in ERP.
Program Design

FIRST SEMESTER
Intensive integrated core
 On campus w/four phases

Market Opportunity & Analysis, Decision
Making & Strategy, Planning & Action Plan,
Evaluation and Improvement
18 credit hours

SECOND SEMESTER
Internship/Practicum
 On site
 6 credit hours

THIRD SEMESTER
Specialization
 On campus or distance
 12 credit hours
Specializations
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E-commerce
Marketing
Finance
International business
Supply chain management
Information technology management
Enterprise resource planning
Human-computer interaction
Admissions Requirements
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Bachelor’s Degree
GPA of 3.0/4.0 in last 2 years
GMAT > 550
English Proficiency
 Paper TOEFL > 600
 Computer TOEFL > 250
 IELTS > 6.0
Prerequisites met
Prerequisites
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Microeconomics
Macroeconomics
Finance
Management and Org
Behavior
Business Law
Financial Accounting
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Managerial Accounting
Marketing
Operations Mgt
Statistics (two)
Management Information
Systems
Programming Basics
Business Essentials
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Designed for Engineering Students
May be completed in one semester
12 credits vs. 36 credits
Only offered to non-business majors
Starts next fall 2007
UMR MBA Grads
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In-depth knowledge of ERP.
Hands-on understanding of business integration.
Skills in working in and leading teams.
Honed communication skills.
Strategic thinkers and business leaders.
Career Potential

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MBA graduates this year can expect to earn an average
starting base salary of $80,809, with total compensation
hitting an estimated $99,737 when fringe benefits,
bonuses and other factors are taken into account.
In 2005, base salaries averaged $78,040, up from
$77,066 in 2004.
Percentage of MBAs in Various Industries
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22% work in products and services.
20% work in finance and accounting.
15% work in the technology industry.
14% work in the consulting industry.
8% work in manufacturing.
8% work in the healthcare or pharmaceuticals industry.
8% work in the nonprofit or government industry.
3% work in energy and utilities.
What Corporate Recruiters Look for in MBA Hires
The Top Ten….
1.
2.
3.
4.
Cultural fit with the company.
Proven ability to perform.
Strong "soft" skills, including communication and interpersonal skills.
Strong "hard" skills, including quantitative knowledge and technical
skills acquired in the MBA program.
5. Specific background (e.g. engineering, science, liberal arts).
6. MBA functional area/concentration of study.
7. Evidence of adaptability.
8. Strong management skills.
9. Prior internship/work experience related to the industry, job, or
company.
10.Years of professional work experience.
Why Recruiter Like MBAs
Most Attractive MBA Skills
 ability to think analytically
 ability to think strategically
 quantitative skills
 leadership skills
 oral communication skills
Skills That Should Be Improved
 people management skills
 leadership skills
 ability to make decisions with imperfect information
 interpersonal skills
 written communication skills
UMR MBA Advantages
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Prepares students for the fastest growing business
area, ERP, along with MBA skill set.
Degree may be completed in one calendar year.
Requires only five months on campus.
Uses integrated approach to business education.
Includes applied practicum or internship.
Provides a great return on investment.
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