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Master Business Challenges with an MBA
Business is competitive. Technology innovations, an increasingly global marketplace and a new digital era illustrate an increasingly fast rate of change. As a result, organizations in every industry continually re-examine the way they do business.
Franklin University’s Master of Business Administration (MBA) equips you with the foundational knowledge to face the future. Beyond a base-level aptitude for business, the MBA provides the opportunity for you to build the first-rate problem-solving and critical-thinking skills essential to leadership.
Earn Your MBA On-Site in Urbana or Online
Your Degree. Your Choice.
Apply today and start classes on-site in Urbana.
Get a High-Quality Education Aligned With Your Learning Preference
How do you know that earning an MBA will be worth the time and expense? Franklin’s MBA is accredited by the International Accreditation Council for Business Education (IACBE), so you know you’re getting an MBA that is in tune with the needs of businesses and employers.
Are you busy juggling work and other commitments? Choose the dynamic online option, where you’ll learn and interact with working professionals and complete your MBA in 14 months. Would you rather take courses in a traditional classroom? Take advantage of the on-site choice in Urbana, where you’ll also have an opportunity to engage in campus life and finish your degree in 1 year. Although the two experiences will be quite different, rest assured that when it comes to academic quality and securing an MBA that can help you achieve your career goals - you can’t go wrong with either choice.
36 Semester Hours
More than ever before, the ability to understand and be understood is critical for success in the corporate world. Communication is no longer limited by the narrow definitions of the past. Achieving a business leadership position today means not only being adept at both oral and written communication, but also understanding communication from a strategic point of view and knowing how to effectively organize and present information to audiences of all sizes. In this course, you will develop and refine these capabilities. What you gain from this course will be of value throughout your MBA program, as well as in the workplace.
This course systematically explores the external environment in which businesses operate - legal and regulatory, macroeconomic, cultural, political, technological, and natural. Additionally, the course will examine the critical opportunities and threats that arise from an analysis of external business conditions. Students will apply scenario planning to a selected industry and synthesize trends in the external environment in the presence of risk and uncertainty.
This course surveys the fundamental concepts and methods of economic analysis for managers. Real-world decision making is emphasized. Application of key economic concepts such as market demand, market supply, market equilibrium, marginal analysis, production, costs, revenue, profit, and market structure constitute the core material of the course.
In today's business world, success can often be attributed more to the genius of a company's marketing efforts than to the genius of its products or services. A clear understanding of the importance of marketing, as well as a grasp of effective marketing practices, is essential for anyone who wishes to achieve a position of leadership. You will gain a working knowledge of both marketing theory and the practical application of innovative marketing strategies. You will come to understand how product, price, place, and promotion contribute to the marketing mix as you explore research-based insights into consumer behavior. As your final course assignment, you will prepare and present a marketing plan of your own.
Effective leadership in today's complex and highly regulated business environment demands more than a working knowledge of basic accounting practices. Managers must fully grasp sophisticated financial and managerial accounting concepts and be able to apply them with ease in handling day-to-day responsibilities. Managers must also be well versed in the intricacies of corporate governance and asset protection. In this course, students will develop a clear understanding of these critical functions and issues. Students will study the foundational aspects of financial accounting, including professional structure, the interrelationships of financial statements, and multiple forms of financial analysis. Additionally, the functional aspects of managerial accounting will be covered, including planning, decision making, and performance evaluation.
Organizations are composed of groups of people who work together to achieve defined outcomes. Experience has proven time and again that the key factor which differentiates successful companies from those who struggle to survive is people who make up the employee base. While the human resources function is given the specific task of planning for and resolving many employee-related issues and needs, individual managers have direct responsibility and accountability for motivating and leading employees to achieve sustained organizational success. The purpose of this course is to provide students with the knowledge and skills needed to work effectively with human resources to enhance the contributions of all employees to organizational effectiveness. Students will learn about the elements which drive business success, theories of motivation, and methods for creating a plan for maximizing the human capital of an organization.
In today's business environment, the success of organizations depends on the effective and efficient management of operations. Methods to select, plan, and improve organizational processes will be examined. The application of optimal capacity decisions in supply chains, development production, and inventory plans and schedules will be performed. The student will learn quality management and improvement process to increase the efficiency of a process.
Financial decisions made at the higher levels of a business organization can have far-reaching effects. Intended to achieve firm operating goals and create shareholder value, they must be made judiciously, with a thorough understanding of all the factors involved. In this course, you will learn to apply the analytical techniques required for developing effective and workable financial solutions at the executive level. You will gain an overall understanding of the workings of the U.S. financial system. In addition, you will study the concepts of financial risk, return, and the valuation of bonds, common and preferred stock, cost of capital, capital budgeting, capital structure, and the evaluation of investment opportunities.
One of the keys to success for today's organizations is their ability to develop, implement, and accurately evaluate effective business strategies. In this course, you will integrate the knowledge you have gained from your prior MBA courses to develop and sharpen your skills for formulating, deploying, and assessing an organization's strategy for achieving competitive advantage in the marketplace. This course will enable you to merge your knowledge of all of these individual disciplines into a comprehensive and meaningful whole.
2017 - 2018 Tuition
Cost Per Credit
Standard tuition per credit hour
2018 - 2019 Tuition
Cost Per Credit
Standard tuition per credit hour
*Each year, the Board of Trustees finalizes the next year’s budget at its July Meeting. These pending tuition rates are included in the budget for approval of the Board at this meeting.
- Create and communicate sustained, coherent arguments in two or more media to both internal and external audiences of a business organization
- Integrate and initiate tactical, operational, and strategic decision making to address organizational challenges
- Design and execute solutions for problems using a multi-functional business approach
- Deconstruct and reformulate business decisions by applying theoretical and practical perspectives from multiple disciplines
To be awarded a graduate degree, students must:
- Successfully complete all required curriculum courses.
- Maintain a minimum cumulative grade point average (GPA) of 3.00.
- Complete the residency requirement:
- Master of Business Administration students must earn in residence at Franklin University at least 24 of the 36 required credits.
- Complete the payment of all requisite tuition and fees;
- Not to be under disciplinary dismissal due to academic dishonesty or violation of Student Code of Conduct.
Transfer credit awarded based on experiential learning shall not count toward the residence requirement at Franklin University.
The admission process reflects Franklin University’s efforts to clearly identify the performance standards that can help predict student success in graduate level study. The selection criterion for Franklin’s graduate programs, as determined by faculty, emphasizes academic ability, contributory work experience, and personal qualities and characteristics.
Requirements for admission include having earned a bachelor’s degree from a regionally accredited institution. The bachelor’s degree final cumulative GPA must be at least a 2.75 on a 4.0 scale, otherwise a graduate entrance exam may be required. The candidate’s work history, references, and other personal qualities and characteristics will be considered as well if the GPA requirement is not met.
Recommended Application Deadlines
Fall 2018 - August 20, 2018
Spring 2019 - January 7, 2019
Summer 2019 - April 8, 2019
This may be a requirement for applicants that earned a bachelor's degree from a regionally accredited institution, with a GPA below 2.75 (on a 4.0 scale).
English Language Testing & TOEFL IELTS
Prospective students must demonstrate English Language Proficiency. The requirement is met through any of the following:
- The applicant is a citizen of a country where English is the official language.*
- The applicant has received a bachelor’s degree (or higher) from an institution located in an English-speaking country in which the courses were taught in English.*
- The applicant has earned appropriate scores on language proficiency exams taken within the last two years, as listed in the Academic Bulletin.
*For more information about English proficiency, including a list of English-speaking nations, please visit our International Students section.
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Franklin University and Urbana University, a Branch Campus of Franklin University, has received specialized accreditation for selected business programs through the International Accreditation Council for Business Education (IACBE) located at 11374 Strang Line Road in Lenexa, Kansas, USA.