THE UMR MBA Business.Technology.Innovation • Begins January 2007. • Integration of all business areas. • Focus on technology and business development.
UMR MBA Mission • The UMR MBA prepares individuals for managerial leadership in a complex, ever-changing, technology-driven 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 • 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. • 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? • 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 • E-commerce • Marketing • Finance • International business • Supply chain management • Information technology management • Enterprise resource planning • Human-computer interaction
Admissions Requirements • 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
Microeconomics Macroeconomics Finance Management and Org Behavior Business Law Financial Accounting Managerial Accounting Marketing Operations Mgt Statistics (two) Management Information Systems Programming Basics Prerequisites
Business Essentials • 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 • 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 • 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 • 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. Cultural fit with the company. 2. Proven ability to perform. 3. Strong "soft" skills, including communication and interpersonal skills. 4. 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 • 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.