MBA Prerequisite and Core Courses
MBA Prerequisite Courses
Your transcript from your application packet will be assessed to see if you need any of the below MBA prerequisite courses. Graduates of a bachelor’s program in a business field usually have most, if not all, of the prerequisite courses completed. Bachelor’s degrees in other fields merit varying needs regarding prerequisitecourses. Work experience cannot be used in lieu of prerequisite courses.
You have a choice of several ways to complete each needed prereq, as detailed below, by taking MSU courses or Ivy Software courses. NOTE: Ivy Software is an MSU-recognized method to complete prerequisite courses; more information on Ivy can be provided. Each Ivy course is $75, and you work at your own pace. MSU staff may monitor your progress in Ivy courses, and an 80% is needed on the proctored Ivy final exam to “pass” the course. Alternatively, if taking a Murray State course, a minimum grade of “C” is required for passage.
MBA Prerequisite Courses and Options to Complete them
|Prerequisite Area||Options to Complete Needed Prerequisite Courses|
ACC 490 online offered springs and summers
ACC 200 and/or ACC 201 on campus (or through any community college)
Ivy’s “Financial Accounting” (equivalent of ACC 200) and/or “Managerial Accounting” (equivalent of ACC 201)
|Calculus and Statistics||
CIS 490 online offered springs and summers
CIS 343 and/or Math 220 on campus or at any community college
ECO 230 and/or 231 on campus or at any community college
Ivy’s “Fundamentals of Economics”
FIN 330 online or on campus
Ivy’s “Financial Principles”
MGT 350 online or on campus
Ivy’s “Principles of Management”
MKT 360 online or on campus
Ivy’s “Principles of Marketing”
MBA Core (Required) Courses:
The 7 MBA core courses are briefly described below. In addition to the 7 core courses, 3 courses of graduate electives are needed for a total of 10 graduate courses to complete the MBA. Electives may be utilized to complete a specific concentration (listed here), or no concentration. The 7 MBA core courses are:
- ACC 604: Accounting for Decision Making: An in-depth study of management accounting techniques and methods needed for effective management of business enterprises. The tradeoffs management makes in acquiring and using accounting information for decision-making and control are discussed. Specific topics include cost behavior and estimation, short-term decision making, budgeting, performance evaluation, cost allocation, and product costing. Prerequisites: ACC 200, ACC 201 or ACC 490.
- CIS 623: Introduction to Business Analytics: Business analytics refers to the techniques and practices of statistical data analyses useful to business organizations. This course covers the fundamental concepts of data analysis, and intermediary concepts such as predictive analysis and prescriptive analysis. The analytical techniques covered include visualization, regression, forecasting, simulation, optimization and risk analysis. Students get to learn and use advanced spreadsheet functions and visualization tools to analyze business data. Prerequisites: CIS 343.
- ECO 625: Managerial Economics: An application of economic theory to business problems. Prerequisites: ECO 230, ECO 231 (or ECO 490) and MAT 220.
- FIN 602: Corporate Finance: Practical application of the finance function in a company with specific emphasis on maximizing the value of the firm for its shareholders. Financial decision-making integrated with the theory of capital markets. Particular attention is given to the areas of investment, capital structure, short-term financing, and working capital management. Prerequisite: FIN 330.
- MGT 651: Seminar in Organizational Behavior: Studies management as a profession, with special emphasis upon behavioral and organizational issues. Examines individual, group and organizational processes in light of the environment within which the organization functions. Special attention is given to managing in non-U.S. settings and the ethical problems faced in the managerial job. Prerequisites: MGT 350 or MKT 490.
- MKT 667: Marketing Planning and Application: This course is a study of marketing as the firm’s strategic link with its customers in a global competitive environment. Major topics include (1) the development of marketing strategy, (2) the formulation of marketing plans, (3) the selection and implementation of marketing tactics, and (4) ethical considerations in marketing. Prerequisites: MKT 360 or MKT 490.
- MGT 656: Seminar in Strategic Management: This is the capstone course in which the students must integrate all of the functional areas of business administration and analyze their impact on management policy and strategy decisions by use of the case study method. Individual, small group, and class approaches will be used to analyze the various cases selected for study. Even though each student will bring knowledge of his or her area of specialization into the classroom, it is expected that the student will perform as a generalist rather than a specialist and as a practicing manager rather than an impartial researcher in analyzing case situations. Prerequisite: 18 hours of 600-level MBA Courses are needed before MGT 656 can be attempted.