Augustana MBA FAQs

If you have questions about the new Augustana MBA program, please see the Q&A sections, below.

Questions

Answers

If I'm currently an Augustana University student, when should I apply?

Applications are due by February 15, 2020, for the first class. You should apply in the spring of your junior year. Only 18 students will be accepted into the first cohort. Students will be informed of their status by March 20, 2020, so they will have plenty of time before registration to build the first year’s classes into their schedules.

What do I need to submit as part of my application?

Applications will include the completed online form, an official transcript, two recommendation letters and a typed essay sharing your academic interest, educational goals and plans for graduate study. Applicants for the 2-year MBA program must also include results from their GMAT. You can find more information on the Graduate Education page.

How quickly will I hear about my application?

All admission decisions will be made by March 15.

Is there an application fee?

Yes, the fee is $60.

What if I didn't major in business or accounting?

The intent of the MBA is to embrace and enhance through the intentional design and delivery of both courses and experiences within the liberal arts education that are so central to Augustana’s mission. Students majoring in any subject area are welcome to take three pre-requisite classes on campus prior to applying for admission. 2-year students are also welcome to take pre-requisite classes on campus or transfer in equivalent courses. 

What are the pre-requisites for the MBA program?

Accounting, microeconomics and management information systems courses are required. ECON 121, ACCT 207 or 210 and COSC/BSAD 205. Learn more about the curriculum.

How long will it take me to complete the MBA degree program?

Both programs require 2 years. However, 2-year students who begin in Summer 2021 by entering the Leadership Academy will attend classes year-round, graduating in May of 2023. 

Why should I enroll in Augustana's MBA rather than another university?

Augustana’s MBA coursework reflects the rigor and relevance expected of a regionally respected university. This program is distinctive in that students are introduced to members of the Sioux Falls business community early in the program. Student Fellows will work with their business Mentors to tackle real business problems in a consulting capacity. This experience, tied with course theory, will promote students’ career ambitions while also preparing more business leaders for Sioux Falls.

If I want to apply for the 2-year MBA when it opens in 2021, what do I need to gather?

First check with your employer. Is there financial support for you as an employee? You’ll also need an official college transcript. If your coursework hasn’t included an accounting, economics or a basic information systems course, you can take those classes at Augustana before entering the program. You’ll also need to take the GMAT. Our admissions committee utilizes your college GPA and your GMAT score to help determine your compatibility with the program.

What is the leadership academy?

The Academy’s mission is to foster reciprocal and sustainable relationships among corporate leaders, professors, alumni and current students. The intent is to provide an invaluable link between academic theories and on-the-job realities. The Leadership Academy is dedicated to curricular and experiential alignment, matching Student Fellows with Community mentors.

Why is an MBA with a leadership focus important?

We asked hundreds of undergraduates, AU alumni, organizational leaders and young business professionals about their career goals. Most reported they were motivated by the desire to gain the skills needed for leadership positions in both for-profit and nonprofit organizations.

Who will be teaching in the MBA program?

Current faculty are welcome to teach in the program, depending upon their specialty, and additional faculty will be hired immediately and over the next four years.

When will classes be scheduled?

Class scheduling is different for 4+1 students than for 2-year students. The senior year will include three courses taught in a traditional classroom format. The second year will include block scheduling (7 weeks per block) and hybrid delivery (a combination of face-to-face and an online learning management tool). For 2-year students, MBA classes will meet the needs, experiences and schedules of working adults. Classes will be held off campus, likely at a downtown location or other location that is convenient for student cohorts. These classes, too, will be hybrid and, according to our market research and other input, scheduled over the noon hour (11 a.m.-1 p.m.) rather than evenings or weekends.

Are there any information events I can attend?

Yes, there will be meetings on campus on Thursday, Dec. 5, at 10 a.m. in FSC 113B; Thursday, Feb. 6, at 10 a.m. in MC 201; and Thursday, April 2, at 7 p.m. (location to be determined).

How will financial aid work for me?

Students will be full-time, so their current financial aid packages will continue. For 4+1 students, they will pay undergraduate tuition rates until they reach 124 credits. They will then pay the graduate tuition rate for the 30 additional MBA credits. For 2-year students, options include applying employer-paid tuition benefits, financial aid or private pay. Contact the Office of Financial Aid with any questions.

Can I transfer my credits?

No. Because of the specific curricular design, no graduate credits will transfer.

Why is an MBA a good career move for me?

According to Graduate Management Admission Council’s hiring trends report for 2018, employer demand for MBAs will increase in the coming year. Recruiters say the need for MBA-prepared personnel will increase by 7 percent. Nearly 80% of grads themselves rate of the value of their graduate management education as outstanding or excellent. MBA alumni who attended school full-time express the most agreement that their education increased their earnings power. (The median base salary among alumni is $115,000, with variation by job level and location.) The majority of business school alumni feel their graduate management education advanced their careers at a faster rate compared with peers who do not have a graduate management education.

Is the MBA program at Augustana University accredited?

All programs offered by Augustana University are accredited by the Higher Learning Council. New MBA programs cannot apply for specific accreditation of business curriculum until two years after the first class graduates.


Find out more information about Graduate Education at Augustana University.