2014-15 Catalogs

MBA in Business Administration

The Master of Business Administration program is designed for students who wish to advance their careers and contribute to their companies.  Partnering with the business community, the program emphasizes the skills needed to inform and guide organizational change.  Students in the program develop cross-functional business solutions to "real world" problems, and cultivate a broad critical perspective, interpersonal skills, and the analytical tools of management.  The program also emphasizes an appreciation of the international and ethical contexts of professional practice.  Students are encouraged to apply to the program regardless of their undergraduate academic specialization.

The MBA program is designed for part-time, working professionals; the program also accommodates those students wishing to pursue full-time study. Evening classes and summer course offerings make it possible for students to tailor the program to meet their individual needs.

The MBA program is comprised of 30 credit hours of core courses and 9 credit hours of elective courses. In addition, up to 15 credit hours of foundation courses may be required depending on a student's previous academic background.

We are accredited by AACSB, The Association to Advance Collegiate Schools of Business. AACSB International assures quality and promotes excellence and continuous improvement in undergraduate and graduate education for business administration and accounting.  AACSB accreditation is the mark of quality distinction most widely sought after by business schools -- less than 5% worldwide have earned the achievement.

Located in an area of robust business activity, the School of Business emphasizes partnership with the business community and non-profit organizations.  Examples include internships, projects with local businesses, business executives as guest teachers, and business-sponsored research, all with the objective of exposing our students to the "real world" of business.

The master of business administration program at the University of Southern Maine is composed of thirty credit hours of core courses and nine credit hours of elective or concentration courses. In addition, up to fifteen credit hours of foundation courses may be required depending on the student's previous academic background.


All admitted students are required to participate in the orientation session during the first year of enrollment. The orientation session is held in the fall semester. The session is geared toward developing a sense of community and enhanced communications and trust among the M.B.A. students and faculty. Information on the orientation session will be provided. There is a mandatory fee assessed once for this orientation.

MBA Grade Policy

All graduate courses numbered MBA 610 or higher must be completed with a minimum grade of C (2.0) in order to carry graduate degree credit. If a student receives a grade below C (2.0) in a required graduate course, the student must repeat the course and has only one opportunity to raise the grade for that course to C (2.0) or higher. A student receiving two grades below C (2.0) will be dismissed from the program.

Foundation Courses (0-15 credits)

M.B.A. courses numbered below MBA 610 are not applicable toward the thirty-nine credits needed for graduation. Admitted students whose educational background is lacking the foundation courses are required to satisfactorily complete each of these courses or their equivalents as stipulated in their letter of admission.

Grades earned in M.B.A.-level foundation courses are included in the student's grade point average. Any foundation courses in which a student earns less than a C grade (2.0) must be repeated.

Faculty strongly recommend that students, who do not have a solid recollection of foundation course content, retake or, at a minimum, review content material independently prior to enrolling in core courses. Students may consult the School of Business web site or faculty for information on course content.

A minimum grade of C (2.0) from a regionally accredited institution of higher education or successful completion of an equivalent CLEP exam or departmental exam (if available) is needed to meet a foundation course requirement. Coursework from non-accredited institutions will be evaluated on an individual basis. After admission students needing foundation courses are expected to enroll in the graduate courses to meet the requirement. In extenuating circumstances a student may petition the director for permission to enroll in undergraduate equivalent courses to meet M.B.A.-level foundation course requirements. Any undergraduate courses taken will not be included in the computation of the student's graduate grade point average.

     EDU 671 Organizational Behavior or BUS 340 ManagingOrganizational Behavior3
     MBA 501 Economic Analysis: An intensive survey of micro and macroeconomic theory3
     MBA 502 Accounting Concepts3
     MBA 504 Probability and Statistics for BusinessDecision Making3
     MBA 505 Financial Management3
Computer application skills

All students are expected to have basic computer skills in word processing and spreadsheet usage, either through prior experience or education. Students lacking in computer application skills are responsible for seeking coursework that will fulfill these expectations.

Core Courses (30 credits)Credits
Alpha Course3
     MBA 611 Introduction to Organizational Change 
Accounting (choose one)3
     ACC 630 Management Accounting Systems 
     MBA 631 Financial Accounting 
Ethical and Legal Issues3
     MBA 615 Ethical and Legal Issues in Business 
Finance (choose one)3
     MBA 623 Derivatives 
     MBA 625 International Finance (may not double count inInternational) 
     MBA 626 Strategic Valuation 
     MBA 627 Investment Management 
      MBA 629 Financial Modeling 
   Information Systems 3
      MBA 674 Topics in Information Systems Management 
International (choose one)3
     MBA 612 Topics in International Business 
     MBA 625 International Finance (may not double count in Finance) 
     MBA 660 Managerial Marketing 
Management Science3
     MBA 670 Management Science 
Operations Analysis (choose one)3
     MBA 672 Supply Chain Management 
     MBA 675 Production/Operations Management 
     MBA 698 Practicum 
Electives (9 credits; choose three)
Courses used to fulfill core requirements above may not be used to fulfill elective choices. Students may elect a concentration in oneof four areas: accounting, finance, health management and policy, orsustainability. Please refer to the concentration areas below for specific course requirements. Student preferring not to concentrate may select elective courses from the following list.
     ACC 630 Management Accounting Systems 
     ACC 631 Current Issues in Accounting 
     ACC 633 Tax Policy and Administration 
     ACC 634 Advanced Business Taxation 
     ACC 635 Advanced Individual Taxation 
     ACC 641 Advanced Financial Accounting Topics 
     MBA 612 International Business 
     MBA 623 Derivatives 
     MBA 625 International Finance 
     MBA 626 Strategic Valuation 
     MBA 627 Investment Management 
     MBA 629 Financial Modeling 
     MBA 631 Financial Accounting 
     MBA 642 Leadership 
     MBA 643 Creative Problem Solving 
     MBA 644 Strategic Management of Technology and Innovation 
     MBA 646 Negotiation and Conflict Management 
     MBA 647 Organizational Strategy 
     MBA 649 Special Topics in Management: Introduction to System Dynamics 
     MBA 657 Socially Responsible Business and Marketing 
     MBA 665 Consumer Behavior 
     MBA 669 Advanced Marketing Research 
     MBA 672 Supply Chain Management 
     MBA 675 Production Operations Management 
     MBA 677 Information Visualization 
     MBA 691 Independent Study 
     MBA 695 Internship 
     MBA 699 Special Topics - Data Analytics 
Accounting Concentration

The scope of services performed by accountants is continually broadening as business activities become more complex. The USM MBA with an accounting concentration provides a means to obtain an expanded foundation of core business concepts with a self-selected deepening of accounting knowledge.

The accounting concentration is intended for students who have completed an undergraduate degree in accounting or equivalent accounting coursework, such as in our Certificate of Study in Accounting program. (See undergraduate catalog for details.)

To be admitted to the accounting concentration, a student must successfully complete the following University of Southern Maine undergraduate accounting courses or their equivalent, including any prerequisite courses:
     ACC 301 Financial Reporting I
     ACC 302 Financial Reporting II
     ACC 329 Accounting Information Systems
     ACC 410 Auditing and Assurance
     ACC 413 Concepts and Strategies of Taxation

In order to fulfill the Accounting Concentration and develop a deeper knowledge in accounting, in lieu of general electives, a student will choose three accounting coursers from the list which follows:

ACC 630 Management Accounting Systems
ACC 631 Current Issues in Accounting
ACC 633 Tax Policy and Administration
ACC 634 Advanced Business Taxation
ACC 635 Advanced Individual Taxation
ACC 641 Advanced Financial Accounting Topics
ACC 695 Internship in Accounting
ACC 699 Special Topics in Accounting
MBA 631 Financial Accounting

Finance Concentration

The finance concentration offers advanced financial training to professionals who want to specialize in the field of finance. Students choose concentration courses from the areas of financial modeling, investments, international finance, valuation or current issues. The finance concentration focuses on the application of financial tools to real world problems, technical competence in the various functions of finance, and professional responsibility and ethics.

All MBA students are required to take at least one 600-level MBA finance course. Students are able to earn a concentration in finance by taking three additional 600-level MBA finance courses.
     MBA 623 Derivatives
     MBA 625 International Finance
     MBA 626 Strategic Valuation
     MBA 627 Investment Management
     MBA 629 Financial Modeling
     MBA 699 Special Topics in Finance
    *MBA 691 Independent Study in Finance
    *MBA 695 Internship in Finance
*Students may select either MBA 691 or 695, but not both.

Health Management and Policy Concentration

Health management is a growing field in Maine and elsewhere. The concentration in Health Management and Policy provides MBA students with a broad understanding of the American health care system, the public and private financing structures attendant to the massive investment in this sector, the policy and social context of health and healthcare, and the challenges and opportunities awaiting those working in or preparing for careers in the health field. Please see course descriptions in the Muskie School of Public Service section of this catalog.

Required courses:
     MPH 525 American Health Care System
     MPH 670 Quality Improvement

Electives (choose one):
     MPH 565 Social and Behavioral Foundations of Public Health
     MPH 635 Health Law & Ethics
     MPH 660 Public Health Policy
     MPH 675 Health Information Management

Sustainability Concentration 

Sustainability in business acknowledges the value of managing financial, environmental, and social performance to achieve resiliency and provide long term returns to investors. Students select from a variety of courses offered within the School of Business and through course offerings at the Muskie School of Public Service (Community Planning and Development), the University of the Maine School of Law and the University of Maine Business School.

Students select nine credits (3 courses):
     CPD 602 - Sustainable Communities (USM Muskie)
     CPD 665 - Transportation Planning (USM Muskie)
     CPD 668 - Local Environment Planning (USM Muskie)
     CPD 674 - Social Equity & Sustainability (USM Muskie)
     LAW 637 - Environmental Law (UMaine Law: requires special permission)
     MBA 657 - Socially Responsible Business and Marketing (USM)
     MBA 699 - Sustainability Reporting & Analysis (USM)
     BUA 527 - Business & Sustainability   (UMO: requires special permission)


Four optional MBA concentrations are available  –
AccountingFinance, Health Management & Policy, and Sustainability.   The nine credit concentration courses replace the MBA electives in the 39 credit hour program.  Please see the online catalog for individual course descriptions.

We offer three dual degrees; MBA/MS Nursing, MBA/JD, and MBA-MPH.  Click the link above for more information on our dual degree programs.

Read Additional Information:

MBA Admission FAQ's
MBA Degree Requirements (and optional concentration information)
MBA Foundation Courses and Equivalencies
MBA Course Sequence
MBA 2012-2016 Tentative Course Schedule

MBA Program Forms:
Graduate Assistant Application
Graduate Studies Scholarship Application
Independent Study
Non-Degree Release
Policies for Special Students
Policies for Special Students from Other USM Graduate Programs
Policies for Transient Students from Other MBA Programs