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Lucas Graduate School of Business

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Academics

The Lucas Graduate School of Business offers the Master of Business Administration (MBA), Master of Science in Taxation (MST), Master of Science in Accountancy (MSA), and Master of Science in Transportation Management (MSTM) as well as a joint degree in business and engineering. Other programs include interdisciplinary majors and consulting projects. The strongest areas of study are management, finance, accounting and taxation, and management information systems. The most popular courses are in global marketing, finance, and e-commerce.

Forty-two total credits are required to complete the MBA, including 12 elective credits. Required courses include:

  • Managerial Communications
  • Managerial Decision Analysis
  • Law and the General Manager
  • Global Business Environment
  • Developing and Managing People
  • Accounting Principles
  • Marketing Management
  • Strategic Thinking
  • Financial Management
  • Operations and Supply Chain Management

Required courses for the MST include:

  • Tax Research and Decision Making
  • Taxation of Partnerships
  • Taxation of Corporations and Shareholders
  • Seminar in Tax Planning and Practice
  • Business and Tax Aspects of High Technology Companies
  • Tax Accounting Methods/Periods

Required courses for the MS in Accountancy include:

  • Core Concepts in Accounting
  • Financial Reporting and Analysis I
  • Accounting Information Systems
  • Financial Analysis and Markets
  • Financial Accounting and Analysis ll
  • Management Accounting and Control Systems
  • Tax Factors and Investment Decisions
  • Financial Auditing
  • Forensic Accounting
  • Professional Communications l
  • Internship or two other graduate courses
  • Legal and Ethical Environment of Accounting
  • Organizational Behavior
  • Tax of Individual and Pass Through Entities
  • Financial Accounting and Analysis lll
  • Issues in E-Business
  • Business Analysis and Valuations
  • Professional Communications ll/lll

Students may eliminate or substitute requirements by transferring a maximum of 2 required or elective courses from another AACSB university.

Business students may take relevant nonbusiness courses in other departments. The maximum time permitted to complete the master’s degree program attending full time or part time is 7 years.

There are 29 total full-time graduate business faculty, all of whom hold a doctorate; there are 13 part-time faculty, of whom 45% hold a doctorate. Faculty salaries are rated well above average for Category IIA institutions, based on the AAUP rating system. Average number of courses faculty teach is 6; average business class size is 35.

Admissions

A bachelor’s degree is required, along with a GPA of 3.0 and a GMAT score of 500. Most important admissions factors are GMAT results, grades in upper-level courses, and academic accomplishments and ability. A strong mathematics background is required.

The number of applicants for the 2006-2007 class was 451; 245 were accepted; 145 enrolled. The average GPA was 3.25; average GMAT score was 554. Transfers are accepted.

Students may begin the MBA program in the fall and spring. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $55, and a statement of purpose. The application deadlines are May 1 for fall entry; October 15, spring. Students are notified of the admissions decision 4 to 6 weeks after all documents are in. The latest acceptable test date for fall entry is May 1.

Financial Aid

About 13% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $9604 annually; maximum $10,000. Stipends and programs available for minority students include graduate fellowships for underrepresented minority groups. The FAFSA is required. Check with the school for current application deadlines.

On-campus room and board costs approximately $9096; books and supplies, $1314; personal expenses, $3690, for an estimated annual total of $17,958 for in-state residents and $24,060 for out-of-state residents. Graduate student housing is readily available through regular university dormitories. There is no special graduate housing. There is a referral service to help procure off-campus housing.

Students

Twenty-seven percent of the current graduate business school class are enrolled full time; 80% have had an average of 5 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from California (71%). Fifty-two percent are women, 61% are minorities, and 10% are foreign nationals. The average age at entrance is 30; ages range from 21 to 59. Fifteen percent enter directly from undergraduate school; 11% already have a graduate degree. Students’ undergraduate majors were as follows: 31%, business; 25%, engineering; 14%, math and science; 12%, liberal arts; 9%, social sciences; and 7%, economics. About 25% of entering students leave by the end of the first year due to academic or personal reasons; 70% remain to receive their degree. In 2006, 208 graduate business degrees were awarded.

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