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MARIST COLLEGE Powered By Docstoc
					                                 MARIST COLLEGE

1 August 2011

Dear new and returning MBA students:

Welcome to the Fall 2011 semester. We are glad to have you join us for the first time or as a
returning student.

As you may or may not be aware, you are attending an AACSB-International accredited program.
The Association to Advance Collegiate Schools of Business (AACSB) is the premier accrediting
organization for business schools worldwide and recognizes only about thirty percent of all
business programs in the United States for their high quality standards. The School of
Management at Marist College has earned this prestigious recognition for its curriculum, faculty
resources, admission standards, library and computer facilities, financial resources, and mission-
oriented intellectual climate.

For the past year or so, the faculty of the School of Management at Marist College has been
investigating ways to enhance the Master in Business Administration (MBA) program and make
it even better. We recently developed a new, updated curriculum that aims to accomplish several
key objectives that include:

      Providing the most current, state-of-the art knowledge & skills in business
      Allowing for greater customization of your program of study
      Offering greater flexibility and convenience in scheduling courses

To assist in registering for fall classes and to plan your program of studies, please read the
following description of the program and the new changes. With this letter we hope to inform
new students of the overall requirements and procedure for completing the program, and to
advise returning students on how to complete their program. Make sure to read all the way
through this letter to find the answers to your questions about what to take to complete your
MBA degree.

Regardless of whether you are a returning student or new to the program, there are three
components to the MBA curriculum: (1) Foundation; (2) Core; (3) Electives and Concentrations.
All courses in the program are three credits. Each component of the program, including changes,
will be discussed next.

FOUNDATION COURSES (up to 18 credits)
Foundation courses are offered for those of you without an accredited undergraduate business
degree. If you have an undergraduate business degree from an accredited program or show
acceptable coursework after a review of your transcript, you may be waived from some or all of
the Foundation courses. Credit is not provided for waived courses.

Six courses constitute the Foundation.

 Set One --
   MBA 515, Economics Foundation
   MBA 535, Analytical Tools for Decision Making
   MBA 545, Accounting Foundations

 Set Two –
   MBA 525, Marketing Foundations
   MBA 555, Management Foundations
   MBA 575, Finance Foundations

Upon acceptance to the program, you will be notified as to which Foundation course(s) you must
complete. All Foundation courses are offered online only in a self-driven format. A semester’s
worth of material is covered in each course during an 8-weeks period. The Foundation courses
are grouped into two sets. A Foundation instructor and content consultants will oversee each set.
Courses in Set One require no collaboration with other students. Courses in Set Two require
engagement with the other students who are taking any of the courses in this set, with 20 percent
of one’s grade depending on this requirement.

Typically, the first set should be completed before the second set. You may take 2 Foundation
courses a semester – one in the first 8 weeks (round 1) and the other in the second 8 weeks
(round 2). Consult your faculty advisor on how to plan your schedule if you are required to take
all six Foundation courses.

One Foundation course has been dropped from the program: MBA 501, Legal Foundations of
Business. If you are currently enrolled in the program you do not need to complete this course if
you have not already taken it. (Send an email to to request the
waiver so that your degree audit can be adjusted.) If you have taken MBA 501, consider yourself
that much more knowledgeable about one aspect of business.

All Foundation courses must be completed before taking courses in the Core.

CORE COURSES (15 credits required)
The number of required Core courses in the MBA program has been reduced from seven to five
with the new curriculum. The new required Core courses are:
    MBA 601, The Virtual Manager
    MBA 602, Financial Analysis for Business Decisions
    MBA 603, Business, Government, and Society
    MBA 604, Management Methods for Business Decision-Making and Communication
    MBA 801, Strategic Management

The first four courses listed above are new courses to the program. Their Core course
descriptions follow:

MBA 601, The Virtual Manager
This course examines the theory and practice of management and leadership in emerging
organizational settings which includes virtual and distance environments. Traditional and
modern theories of management, as well as practical application of these theories in the
workplace, are explored. The course assists students in examining his/her leadership style and
assists in the development of a plan to improve skills in desired areas and environments.

MBA 602, Financial Analysis for Business Decisions
The focus of this course is on valuation and value creation. It consists of two inter-related
components: financial statements and asset valuation. It starts with a general discussion of
financial environment. It continues with the study of financial statements, comprehensive
analysis of financial statements, and techniques of financial forecasting. It builds on the
discussion of the determination of interest rates and the relationship between risk and return, the
discounted cash flow method of asset valuation, which is then applied to the valuation of
financial assets (stocks and bonds) and the valuation of real assets (capital budgeting). It ends
with a discussion of exchange rate determination and parity conditions in international finance.
The course also brings business ethics to the attention of students.

MBA 603, Business, Government & Society
This course introduces the student to the fundamental legal concepts that are the foundation for
the developed western world’s fairly stable, predictable, and therefore broadly prosperous
business environment. It then introduces students to the more volatile world of business in
affiliation-based systems. The concept of culture in introduced, and various challenges in
international business which arise out of differing cultural values, and out of the difficulties of
cross-cultural communication, are discussed. Finally, the roles of business leaders, government,
and civil society in achieving sustainable economic prosperity are examined.

MBA 604, Management Methods for Business Decision-Making and Communication
This course provides an introduction to quantitative methods/models as well as practice of
modern software applications relevant to business decision-making and communication, with an
emphasis on virtual communication tools. Software applications are covered in three distinct
modules: 1) MS Excel for decision-making; 2) MS Access or other database applications; 3)
Virtual communication tools. The course is taught in a hybrid format, using traditional lectures
and labs to cover decision-making methods and database related topics, whereas the virtual
communication tools are delivered in respective online formats.

MBA 801, Strategic Management
Drawing upon information and skills learned in previous MBA courses, the capstone requires the
student to integrate and process all that has been learned in the previous courses. Strategic
management cases or typically comprehensive computer-oriented management games are
employed. These involve the totality of an organization’s situation at a certain time, are
unstructured, and require a significant amount of time to research and diagnose in order to make
realistic long-range recommendations. This is the final Core course to be taken in the program.

All Core courses except MBA 604, Management Methods for Business Decision-Making and
Communication and MBA 801, Strategic Management are offered in the 8-week format.
MBA604 and MBA801 are 15 weeks in length. Courses at the Fishkill Executive Center are 15
weeks in duration.

If you are an incoming student, all Core courses except MBA 801, Strategic Management,
must be completed before taking any Elective or Concentration courses. If you have already
been taking classes, you should follow this approach as much as possible to ensure timely
completion of the program and greater continuity of coursework. MBA 801, Strategic
Management, serves as the capstone course and should be taken in the last semester of your

Core courses are offered both fully online and in a hybrid format (partially in person “on the
ground” and partially online course work) at the Fishkill Executive Center. With a few
exceptions, all fully online courses are offered in an accelerated 8-week format. Courses at
Fishkill are always taught using the hybrid format in a 15-week format. You may decide which
delivery format you wish to follow in completing the Core courses. You could take all the Core
courses fully online, for example, or take them all at Fishkill. Alternatively, you could take some
of the Core courses fully online and the others on-the-ground in a hybrid set-up. In short, it is up
to you as to which delivery format to choose in completing the Core courses.

Returning students – see below (page 6) for information on how to complete your Core courses.

ELECTIVES & CONCENTRATIONS (15 credits required)
Upon completion of the Core, half the program or 15 credits remain. You may take these credits
as Electives; you choose which courses you want to take from the options offered. You will
receive notice of which Elective course(s) will be offered in a particular semester with the
registration materials.

Alternatively, you may choose a pre-designed “Concentration” which provides depth in a
specific area. The three areas of Concentration (with one as a future possibility) are:

      Ethical Leadership
      Financial Management
      International Business
      Healthcare Administration (proposed but awaiting approval from New York State).

If you choose an area of Concentration for your Electives, take the appropriate pre-requisite
course first and then make sure to take the designated course in Set A, Set B, and Set C for your
area of focus (see Table below, page 5) – a total of 12 credits. The curriculum map (separate
document) shows when the Concentration/Elective courses will be offered. You will also need to
take one additional Elective course (3 credits) of your choosing if you select a Concentration. A
total of 30 credits beyond the Foundation are needed to graduate.

CONCENTRATIONS          Ethical                   Financial Management     International Business
 Pre-requisite Course   MBA 654, Managing         MBA 671, Corporate       MBA 671, Corporate
                        Organizational Change     Financial Theory &       Financial Theory &
                                                  Practice                 Practice
        Set A           MBA 685, Negotiations &   MBA 644, Financial       MBA 613, International
                        Conflict Management       Statement Analysis       Economics

        Set B           MBA 684, Leadership,      MBA 672, Financial       MBA 672, Financial
                        Power & Influence         Markets & Institutions   Markets & Institutions

        Set C           MBA 688, Ethical          MBA 673, Investment      MBA 622, International
                        Management of             Analysis & Theory        Marketing

All Concentration and Elective courses are offered online only. Most are offered in 8-week
formats. The exceptions – offered as 15-weeks courses – are:
     MBA 610, Sustainable Management in the 21st Century
     MBA 613, International Economics
     MBA 645, Principles and Quantitative Methods in Operational Excellence

You need not inform us of your intentions to complete a Concentration. If you do complete the
requisite courses, your degree audit will automatically recognize and note that the Concentration
has been completed both on your degree audit and transcript.

With the addition of new areas of Concentration in place, all Advanced Certificate programs
have been eliminated as of Fall 2011. However, we will honor our commitment to you by
periodically offering the courses needed to complete the program if you are currently enrolled in
one of these programs. If you are a returning student and working on an Advanced Certificate,
please inform us as such by sending an email to from your
Marist email account so that your degree audit can accurately reflect your program of study.
Include your CWID. This declaration must be made before you complete your coursework.

Additional Information for Incoming (Fall 2011) Students
If you are an MBA student enrolling for the first time, please follow the new program as
described in your curriculum worksheet and shown in your degree audit. A curriculum map has
been devised for students beginning their Core courses in either the fall or spring semesters (see
attachment). It assumes that students take 2 courses per fall and spring semesters and one course
each summer for two summers. This map was also included with your acceptance materials. Any
deviations you make from the plan may affect when a needed course is offered again and/or your
graduation date.

      Additional Information for Continuing (Returning) Students
      If you are a continuing MBA student who began your course of study before the adoption of the
      new curriculum, please follow your original plan. Returning students are obligated to complete
      the curriculum in place at the time of acceptance to the MBA program.
      You may, however, take advantage of any changes to the curriculum that benefits you as long as
      you complete the following three program components: (1) Foundation courses (as specified
      with your acceptance to the program), (2) Core courses, and, (3) Electives or a Concentration.
      Thirty credits beyond the Foundation courses are required to graduate.

      For returning students, the Core consists of 7 courses: MBA 610, 621, 635, 654, 661, 671, and
      801. Three of these courses may be substituted with courses in the new curriculum (see Table
      below). We encourage you to choose any substitutions available so that you can take advantage
      of the new opportunities. In short, we urge you to switch to the new curriculum to the extent
      possible while maintaining the integrity of the program. Make sure to obtain pre-approval first
      if you want to take courses from the new curriculum so that your degree audit can be updated.

      The table also lays out the plan for when the Core courses for returning students will be offered.
      All previously published schedules are now obsolete.

       CORE                Substitute    Fall –     Fall –      Spring --   Spring --   Summer--     Summer –
       COURSES                           Online     Ground      Online      Ground      Online       Ground
MBA    Global              MBA 603                                   X           X
610    Environment of                                            take MBA    take MBA
       Business                                                     603         603
MBA    Strategic                            x                                    x
621    Marketing
MBA    Business Analysis   MBA 604 in       x                                   x
635    & Decision          lieu of MBA
       Making              635 AND
                           MBA 661*
MBA    Managing                             x           x          x                        x              x
654    Organizational                     starts      starts     Spring
       Change                             2012        2012      2012 only
MBA    Operational         MBA 604 in                   x          x                         x
661    Excellence          lieu of MBA              Fall 2012                             Summer
                           661 AND                     only                              2013 only
                           MBA 635*
MBA    Corporate                            X           X
671    Financial Theory                    Last        Last
       & Practice                        offering    offering
MBA    Strategic                             x           x          x           x
801    Management
      * If MBA 604 is taken in lieu of MBA 635 and 661, then one additional Elective will be needed to
      have the 30 credits necessary to graduate.

      If you have not taken MBA 671, Corporate Financial Theory & Practice, please enroll this
      Fall (2011) either online or at Fishkill. Future offerings of this course will reflect a new design
      to serve as an Elective or a pre-requisite to several of the Concentrations; the new course will
      NOT fulfill the Core requirement for returning students. The above plan for returning students

will phase out after Summer 2013 for all other courses. While we will do our best to follow this
plan, it remains tentative and subject to change depending on student demand and faculty

If you plan to switch to the new curriculum but have already taken some courses in the old one,
the following table shows how the courses you have taken will be treated.

                Former Curriculum                                         New Curriculum
MBA 610, Global Environment of Business (to be            MBA 603, Business, Government & Society
renamed Sustainable Management in the 21st Century)
MBA 621, Strategic Marketing Planning                     Elective

MBA 635, Business Analysis for Effective Decision-        MBA 604, Management Methods for Business Decision-
Making AND                                                Making and Communication (one additional Elective
MBA 661, Operational Excellence                           will be needed to achieve the 30 credits needed)
MBA 654, Managing Organizational Change                   Pre-req for Ethical Leadership & Healthcare
                                                          Concentrations; otherwise, Elective
MBA 671, Corporate Financial Theory & Practice            Pre-req for Financial Management & International
                                                          Business Concentrations; otherwise, Elective

Further Questions?
The School of Management staff is available to address any questions or concerns you have.
Always use your Marist email account when contacting one of us and include your CWID; we
will not respond otherwise since your Marist account is the only way we have of verifying that
it is you with whom we are talking.

Your first contact person should be the MBA advisor, Professor John Finnigan
( He is a valuable resource to help you plan your program of study,
address curricular matters, discuss substitution requests, or consider career options.

Please email if you need assistance with registration problems,
withdrawing from a course, or any other administrative matters.

Best wishes with your studies and happy learning.


Elizabeth M. Doherty, Ph.D.
Associate Dean & Director of MBA & MPA Programs
School of Management

Attachment: Curriculum Map


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