Download presentation
Presentation is loading. Please wait.
2
THE UMR MBA Business.Technology.Innovation Begins January 2007. Begins January 2007. Integration of all business areas. Integration of all business areas. Focus on technology and business development. Focus on technology and business development.
3
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. 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.
4
MBA Outlook The 2006 Graduate Management Admissions Council Corporate Recruiters Survey includes responses from 1,270 recruiters representing 737 companies that hire MBAs. 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.
5
Engineering + MBA A Dynamic Career Combination The UMR Engineering Degree in any discipline PLUS 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. Approximately 30% of all UMR Engineering Alumni achieve an MBA in addition to their engineering undergraduate degree.
6
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
7
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
8
Technology Based MBA What does that mean?
9
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. 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 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
10
Why an ERP Focus? ERP systems are used by 85% of Fortune 1000 businesses. ERP systems are used by 85% of Fortune 1000 businesses. UMR Business Administration has established an ERP Center UMR Business Administration has established an ERP Center Hosted software includes SAP and Microsoft’s Business Solutions 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. UMR is one of the very few universities in the U.S. fully integrating ERP into the curriculum. Faculty with expertise in ERP. Faculty with expertise in ERP.
11
Program Design FIRST SEMESTER Intensive integrated core On campus w/four phases- On campus w/four phases- Market Opportunity & Analysis, Decision Making & Strategy, Planning & Action Plan, Evaluation and Improvement Market Opportunity & Analysis, Decision Making & Strategy, Planning & Action Plan, Evaluation and Improvement 18 credit hours 18 credit hours SECOND SEMESTER Internship/Practicum On site On site 6 credit hours 6 credit hours THIRD SEMESTER Specialization On campus or distance On campus or distance 12 credit hours 12 credit hours
12
Specializations E-commerce E-commerce Marketing Marketing Finance Finance International business International business Supply chain management Supply chain management Information technology management Information technology management Enterprise resource planning Enterprise resource planning Human-computer interaction Human-computer interaction
13
Admissions Requirements Bachelor’s Degree Bachelor’s Degree GPA of 3.0/4.0 in last 2 years GPA of 3.0/4.0 in last 2 years GMAT > 550 GMAT > 550 English Proficiency English Proficiency Paper TOEFL > 600 Paper TOEFL > 600 Computer TOEFL > 250 Computer TOEFL > 250 IELTS > 6.0 IELTS > 6.0 Prerequisites met Prerequisites met
14
Prerequisites Microeconomics Microeconomics Macroeconomics Macroeconomics Finance Finance Management and Org Behavior Management and Org Behavior Business Law Business Law Financial Accounting Financial Accounting Managerial Accounting Marketing Operations Mgt Statistics (two) Management Information Systems Programming Basics
15
Business Essentials Designed for Engineering Students Designed for Engineering Students May be completed in one semester May be completed in one semester 12 credits vs. 36 credits 12 credits vs. 36 credits Only offered to non-business majors Only offered to non-business majors Starts next fall 2007 Starts next fall 2007
16
UMR MBA Grads In-depth knowledge of ERP. In-depth knowledge of ERP. Hands-on understanding of business integration. Hands-on understanding of business integration. Skills in working in and leading teams. Skills in working in and leading teams. Honed communication skills. Honed communication skills. Strategic thinkers and business leaders. Strategic thinkers and business leaders.
17
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. 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. In 2005, base salaries averaged $78,040, up from $77,066 in 2004.
18
Percentage of MBAs in Various Industries 22% work in products and services. 22% work in products and services. 20% work in finance and accounting. 20% work in finance and accounting. 15% work in the technology industry. 15% work in the technology industry. 14% work in the consulting industry. 14% work in the consulting industry. 8% work in manufacturing. 8% work in manufacturing. 8% work in the healthcare or pharmaceuticals industry. 8% work in the healthcare or pharmaceuticals industry. 8% work in the nonprofit or government industry. 8% work in the nonprofit or government industry. 3% work in energy and utilities. 3% work in energy and utilities.
19
What Corporate Recruiters Look for in MBA Hires The Top Ten…. 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.
20
Why Recruiter Like MBAs Most Attractive MBA Skills ability to think analytically ability to think analytically ability to think strategically ability to think strategically quantitative skills quantitative skills leadership skills leadership skills oral communication skills oral communication skills Skills That Should Be Improved people management skills people management skills leadership skills leadership skills ability to make decisions with imperfect information ability to make decisions with imperfect information interpersonal skills interpersonal skills written communication skills written communication skills
21
UMR MBA Advantages Prepares students for the fastest growing business area, ERP, along with MBA skill set. Prepares students for the fastest growing business area, ERP, along with MBA skill set. Degree may be completed in one calendar year. Degree may be completed in one calendar year. Requires only five months on campus. Requires only five months on campus. Uses integrated approach to business education. Uses integrated approach to business education. Includes applied practicum or internship. Includes applied practicum or internship. Provides a great return on investment. Provides a great return on investment.
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.