MBA Program
Program

MBA Program

Graduate study in business administration at the University of Richmond is designed for professionals who hold an undergraduate degree. The MBA degree program is a decision-based course of study that provides students with the ability to advance to higher levels of management in all types of organizations.

The objectives of the MBA program are:
  • To prepare students for career growth as they move through different organizations and industries
  • To provide students with the knowledge and tools to deal with contemporary business challenges
  • To provide an educational environment that allows students to interact with peers who work in a broad range of companies and industries
  • To provide a classroom experience that encourages analysis, decision-making, and written and verbal communication

Key characteristics of the MBA program in the Robins School of Business:
  • The school of business is among a select group of business schools that are fully accredited by the Association to Advance Collegiate Schools of Business (AACSB International). The University of Richmond also is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools
  • Outstanding facilities and teaching environment
  • Class sizes of 15 to 25 students ensure a personal class environment
  • Convenient location on the western outskirts of Richmond, with ease of parking close to the business school
  • A wealth of data in our business information center
  • An MBA faculty dedicated to quality teaching and to providing a real-world orientation to meet today's business challenges
  • A student-centered approach to learning
Degree Requirements

Degree Requirements

To qualify for the Master of Business Administration degree, a candidate must complete the curriculum satisfactorily, including the achievement of at least a 3.00 grade point average on all applicable coursework. Of the 45 required hours, the MBA candidate must complete at least 36 semester hours of applicable graduate-level coursework at the University of Richmond and must complete the curriculum requirements within five years of starting the program, unless amended by the graduate council.

To graduate, a student must file a degree application and participate in commencement. Degree applications must be filed in the Office of the University Registrar by the second Friday in September for the coming May or August commencement or by the first Friday in February for the coming December commencement. The graduate degree application form is available on BannerWeb under Student Services or in the Graduate Business Programs Office.

Degrees are awarded in person except by the decision of the University not to do so. A student who expects to graduate may request absentia status by explaining in writing the very unusual circumstance which prevents participation in the ceremony. This request must be received by the University Registrar no later than eight working days before the ceremony. The Registrar will notify the degree candidate of the status granted by the University. Unless approved as "absentia," a candidate for graduation who does not participate in the commencement ceremony does not graduate. Such a candidate may graduate at a later date by again filing a degree application and by following the appropriate commencement policy.

August and December degrees are conferred as of the date specified in the University calendar and diplomas are mailed to those qualified.

Note: No degree is conferred if the student's responsibilities to the University are in an unsatisfactory condition. Such responsibilities include financial and administrative matters such as, but not limited to, delinquent payments, parking fines, or overdue library books.

Curriculum Options

Curriculum Program Options

Option I: The MBA Program
The MBA program is designed to meet the needs of people holding responsible positions with Richmond-area business organizations and institutions, and who wish to continue their education on a part-time basis. Accordingly, all classes meet in the evening. 
Option II: The JD/MBA Program
The JD/MBA program is offered through a reciprocal arrangement with the University of Richmond School of Law. A student may pursue a dual-degree program designed to provide its graduates with two degrees, the JD and the MBA, attesting to competency in both the law and in business administration. Because certain credits may count in both degree programs, the student pursuing this option may complete the JD and MBA degrees in less time than would be necessary to complete the two degrees independently.
Option III: The LL.M./MBA Program
For the LL.M./MBA program, students take classes over two academic years and the summers in between. Students take courses in both programs during both years, and need a total of 30 credits in the MBA program and 24 credits in the LL.M. program. In addition to the two required law school courses, students must take Business Associations unless a waiver is appropriate based on prior experience/education.
Curriculum Requirements

Courses and Curriculum

The MBA degree program includes 21 courses ranging from 1 to 3 credits.  The core curriculum totals 37 credits and includes 17 courses, many of which serve as prerequisites to other courses. In addition, students will complete 4 courses (8 credits) of electives.

The only course transfer credits that will be considered will be equivalent graduate business courses completed at an AACSB-accredited school. A maximum of nine credits may be transferred into the program. See Academic Procedures section for specifics on transfer credits.

Students who have a degree in accounting, economics, or another business subject may be exempt from taking the Core Course covering that subject. For example, a student with a degree in Finance may be exempt from MBA 510 Financial Management; a student with a degree in accounting may be exempt from MBA 501 Financial and Managerial Accounting. Under such circumstances, the student will be required to take elective course(s) to replace the credit hours of the Core Course from which the student is exempt. Written approval by the Director must be obtained in advance if a student desires to substitute elective coursework for a Core Course requirement.

Core Courses
The satisfactory completion of 17 core courses is required. These courses form a common body of knowledge of business administration. The core courses are:

MBA 500 Opening Residency
MBA 501 Accounting for Managers
MBA 504 Statistical Analysis for Business
MBA 506 Economics for Managers
MBA 508 Social, Ethical, and Legal Issues in Business
MBA 510 Financial Management
MBA 520 Marketing Management
MBA 530 Organizational Behavior
MBA 540 Operations Management
MBA 555 Analytics and Information
MBA 561 Principles of Business Communication
MBA 570 Global Environment of Business/International Residency
MBA 580 Strategic Management
MBA 591 Capstone Project: Scope
MBA 592 Capstone Project: Analysis
MBA 593 Capstone Project: Recommendations and Conclusion

Four Elective Courses

The four elective courses, each of 2 or 3 credit hours, provide an opportunity for students to further skills and knowledge in areas of personal interest.

JD/MBA Curriculum Requirements

JD/MBA students normally substitute four law school elective courses for the MBA elective courses, and two courses (MBA 508 and MBA 561) are waived from their degree requirements. More details and suggested curricula are available in the dean's office of each school. Students who are pursuing the combined JD/MBA program and who complete the JD degree before the MBA degree must satisfy the MBA degree requirements within one year of completing the JD requirements. Further, the requirements for both degrees must be completed within five years of the starting date of the degree program, JD or MBA, in which the students first enrolled.

Courses
MBA 500 Opening Residency
Semester hours: 2
Description
The objectives of the opening residency are to develop esprit de corps among all participants; to give the participants concrete, take-away knowledge; and to set the appropriate expectations about effort, quality, and cooperation. To accomplish these goals students analyze a "live case" on a topic of relevant strategic importance. The residency ends with a case competition among the student teams, judged by University faculty and selected executives from the case company on both content and presentation quality. As part of the residency, participants are introduced to the goals, expectations, and methods that are used throughout the program, including case analysis methods and business research and analysis skills
Prerequisites
Departmental approval required.

MBA 501 Accounting for Managers
Semester hours: 3
Description
Integrates financial and managerial accounting topics with corporate governance issues to demonstrate how various stakeholder groups use accounting information to make decisions. These stakeholders include managers, board members, investors, creditors, and government regulators. Our focus is interpreting accounting information, rather than creating it. Topics include interpreting the income statement, balance sheet, and statement of cash flows, the implications of cost structure, planning, performance evaluation, and management responsibility for internal control over financial statement information. Mastery of pre-course instruction in accounting is assumed when the course begins.

MBA 504 Statistical Analysis for Business
Semester hours: 2
Description
Addresses the theory, methodology, and application of statistics to contemporary business problems. Topics include descriptive statistics, probability theory, discrete and continuous distributions, one- and two-population statistical inference, analysis of variance, correlation, regression, and selected other topics.

MBA 506 Economics for Managers
Semester hours: 3
Description
Examines fundamentals of macroeconomics and international economics, including analysis of business cycles and macroeconomic policy. Explores economic methodologies to solve business-oriented problems, with a focus on the role that economic analysis plays in the decision process.

MBA 508 Social, Ethical, and Legal Issues in Business
Semester hours: 2
Description
Examines the theory and practice of law and ethics in the context of economic and other organizational interactions. Discussion will center on engagements between organizations, their stakeholders and society at large. Topics include human rights, labor issues, the natural environment, international laws and norms, and cultural relativism among others.

MBA 509 Selected Topics in Economics
Semester hours: 2
Prerequisites
MBA 506

MBA 510 Financial Management
Semester hours: 3
Description
Financial management techniques, policies, and theory are discussed via case studies and problem-scenario analysis. Policies and strategies for current and longterm assets, working capital, total capitalization, and profit distribution presented in the context of share price maximization. Multinational considerations, leasing, risk analysis, project evaluation, and cost of capital are specifically addressed.

MBA 512 Investments
Semester hours: 2
Description
Covers the structure, trading, and valuation of financial instruments in dynamic competitive markets. Both money markets and capital markets are examined with an emphasis on longer-term investing. Uses a blend of theoretical and practical approaches to investment strategies. Specific topics include market efficiency, yield and rate of return analysis, risk measurement, asset pricing theory, portfolio theory, valuation models, futures, and derivative contracts.
Prerequisites
MBA 510

MBA 514 Global Financial Management
Semester hours: 2
Description
Tools and concepts used to identify and analyze risks in dynamic international financial markets are addressed. Designed in three modules. The first module provides a foundation in currency valuation, currency markets, parity theories, and balance of payments phenomena. The second module examines hedging concepts and practices. Applications of forward, future, option, and swap contracts are emphasized. The last module focuses on different approaches to the management of transaction, translation, and operating exposures of a firm. Case studies are employed as integrating exercises.
Prerequisites
MBA 510

MBA 517 Selected Topics in Accounting
Semester hours: 2
Prerequisites
MBA 501

MBA 519 Selected Topics in Finance
Semester hours: 2
Prerequisites
MBA 510

MBA 520 Marketing Management
Semester hours: 3
Description
An intensive study of the marketing process in advanced market economies concerning the environment within which marketing decisions are made. Areas of concentration: consumer wants; motivation and purchasing power; structure of distribution; product service market offerings; a global approach; and management of the firms marketing effort. Strategic decisions of the marketing mix variables applied to both service and manufacturing companies of various sizes. Lectures and the case analysis method are used to integrate the student's marketing background.

MBA 529 Selected Topics in Marketing
Semester hours: 2
Prerequisites
MBA 520

MBA 530 Organizational Behavior
Semester hours: 2
Description
Analysis of workplace behaviors and organizational psychology as they relate to the management of employees, teams, and other key organizational constituents. Understanding of basic management issues such as motivation, individual differences, leadership, teams, and managing change, provides students with a foundation needed for enhancing individual and team performance and attitudes at work.

MBA 532 Mergers and Acquisitions
Semester hours: 2
Description
Explores how mergers and acquisitions can achieve the strategic growth objectives of a corporation. The issues raised in merger and acquisition decisions are addressed, specifically (1) negotiation strategies, (2) valuation analysis, (3) strategic fit, (4) effects of competitive bidding, and (5) problems with post-acquisition integration. The alternative mechanisms for corporate diversification such as joint and internal ventures also are explored.
Prerequisites
MBA 510

MBA 534 Negotiations
Semester hours: 2
Description
Multidisciplinary study of concepts related to bargaining and negotiations. Situations involving interpersonal behavior and group conflict will be examined using research findings from several disciplines.
Prerequisites
MBA 530

MBA 539 Selected Topics in Management
Semester hours: 2
Prerequisites
MBA 530

MBA 540 Operations Management
Semester hours: 3
Description
The systematic direction and control of the process that transforms inputs into finished goods or services. It emphasizes the concepts and analytical methods that are used in understanding the management of the firm's operations.
Prerequisites
MBA 504

MBA 555 Analytics and Information
Semester hours: 3
Description
The purpose of the course is to provide the knowledge, skills, and abilities needed to manipulate very large data sets, analyze complex business problems, and develop evidence-based recommendations to improve firm performance. Students will work with relational database and spreadsheet software to import, structure, cleanse, transform, filter, and analyze data. You will also learn to integrate data from a variety of sources and utilize visualization software to graphically communicate analytical results.
Prerequisites
MBA 504

MBA 561 Principles of Business Communication
Semester hours: 2
Description
Practical learning experience designed to sharpen written and oral communications skills. The course addresses various forms of written communications designed to inform, convince, and persuade: professionalism of written communications, communications planning, and the appropriateness of various written media for conveying information. The course emphasizes oral communications in organizations: planning and professional execution of various types of oral communications, message reinforcement, executive presence, use of humor, crisis communications, best practices for conference calls and face-to-face meetings, the art of asking questions, and communicating difficult messages.

MBA 570 Global Environment of Business/ International Residency
Semester hours: 3
Description
An intensive, in-depth experience designed to enhance understanding of a country or region and the unique issues that it faces. The residency will consist of travel abroad and discussions with local business people, academics, politicians, and civil servants, coupled with visits to other local operations to enhance this understanding. In addition, there will be a project relating to a relevant company or institution to be completed by students upon their return to the U.S. The project will begin prior to departure, developed during the residency, and completed after the residency. A presentation of the final project report is required.
Prerequisites
MBA 501, MBA 506, 510, and 520.

MBA 580 Strategic Management
Semester hours: 3
Description
Examines strategic alternatives and choices to be made by companies in light of opportunities and threats within the external environment. Also examines how companies should create core competencies to enhance the strategic choice and to create sustainable competitive advantage. Different levels of strategic management are emphasized.
Prerequisites
MBA 510 and MBA 520

MBA 587 Independent Study
Semester hours: 2 or 3

MBA 591 Capstone Project: Scope
Semester hours: 1
Description
A field-based course in which students, under the direction of a faculty member, articulate and appropriately scope a strategic challenge facing a host organization. The course builds on principles taught in MBA 580 (Strategic Management).
Prerequisites
MBA 580.

MBA 592 Capstone Project: Analysis, Insights and Recommendations
Semester hours: 1
Description
A field-based course in which students, under the direction of a faculty member, conduct quantitative and qualitative analyses to gain insight about possible solutions to a strategic challenge facing a host organization. Students will make strategic recommendations based on insights developed during analysis. The course builds on principles taught in MBA 555 (Analytics & Information).
Prerequisites
MBA 555. Co-requisite MBA 593.

MBA 593 Capstone Project: Recommendations and Conclusion
Semester hours: 1
Description
A field-based course in which students, under the direction of an advisor, create recommendations to address a strategic challenge facing a host organization. Students will be required to present recommendations both orally and in writing. In addition to recommendations, students will present an implementation plan, implications of their recommendations for the host organization, and future projects the organization should pursue.
Prerequisites
Co-requisite MBA 592.