Pride and Purpose

Hofstra Online MBA Program Overview

Kaushik Sengupta, Ph.D.,Director, Online MBA program

Pride and Purpose

Online MBA Program Rankings• 2015 U.S. News and World Report Rankings #41 Best Graduate Online MBA Programs

– Increase from #71 to #62 – 195 programs ranked over 1000 Online MBA

programs

• 2015 Princeton Review Rankings #15 Top 25 Online MBA Program AACSB Accredited Programs only.

37% increase in member school offerings of online MBAs from 68 schools offering them in 2008 to 93 schools in 2012

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Students’ Comments – Princeton Review Rankings• 47% of the students identified themselves as "career changers"• Asked why they chose their specific schools, the answer choices most

selected were: reputation (85%), convenience (77%), field of study (38%) and price (34%)

• 86% rated the technology platform of their coursework as "excellent" or "above average"

• 93% reported they were "very" or "extremely" satisfied with their school choice“

• 44% reported receiving a promotion while earning their online MBA• 94% believed obtaining the online MBA would have an impact on their

career• 25% was the average salary increase graduates reported they received

after completing the degree

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Benefits: Zarb’s Graduate Business Programs Most Recent Rankings

Bloomberg BusinessWeek Rankings, 2014-2015Part-Time MBA:

2nd Best in New York New Jersey & Connecticut5th Best in the Northeast60th Best in the Country

Full-Time MBA: 79th ranking – only NY school apart from NYU, Columbia

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Overview• 20-month AACSB accredited cohort program• Small class of 25 students MAX – One Cohort• Flexibility to opt out of cohort after first

semester• Extension of physical campus based program• Two concentrations fully online• Other concentrations available as hybrid

options• Separate admissions process – transfer

possible with conditions• Same MBA Degree as in on-campus programs

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Program Structure• Four courses per semester, 7 weeks

each, two courses at a time• Two mandatory residencies on-campus– Orientation residency: 3 weekend days in

August– Capstone residency: End of the program– Additional (optional) one-day on-campus

sessions

• Global Practicum– International Business/Immersion Trip

(10 days in the summer)

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Residencies• Orientation residency over 3 day weekend in August:

– Get introduced to the Program– Know the success factors for a rigorous, online

program– Get to know the pedagogical Approach for Rich Online

Courses– Meet faculty for first four courses– Get introduced to Career Services– Participate in Teamwork and Communications

workshops– Interact with industry Executives – Network with Alums– Understand Hofstra Systems and Policies

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Completely online courses– Save on your commuting time– Taught by full-time faculty members

only– Asynchronous Courses with

frequent deadlines– Same rigor and content as on-

campus courses

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Course Components• Audio and video lectures• Discussion forums• Case discussions• Collaborative sessions• Wikis and Blogs• Individual/Group Papers• Presentations/Group Work • Tests and Quizzes

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Global Practicum: China 2012• Hong Kong, Guangzhou, Shenzhen, Beijing• Major companies - Wal-Mart, Morgan

Stanley, Lenovo, IBM Research Center, Schneider Electric• Highlights

– Meetings with Morgan Stanley Asia Pacific CFO– ThinkCenter Marketing Manager at Lenovo– IBM Research Center Head – World’s Largest Sam’s Club– Visits to the Great Wall, Tiananmen Square,

Forbidden City, Summer Olympics Facilities

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Marketing Faculty Member’s Comments on Student Interactions and Learning

“the comments made and the questions raised by the students during the business visits have impressed our hosts greatly. Such a great learning experience has undoubtedly broadened everyone’s perspectives and sharpened their cross-cultural business skills. As a result of the trip, many feel more prepared in taking on a possible foreign assignment and meeting the challenges of today’s global business.”

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Global Practicum: Japan 2013• Tokyo, Yokohama, Kyoto and Osaka

• Major companies – Toshiba, Japan Post, Morgan Stanley, TKS Group

(Alum),Okubo Hospital, Kindai University Hospital, Maruho Pharma

• Cultural immersion trips to: – Traditional sites in Old Tokyo, Kamakura, Kyoto

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Global Practicum: South Africa 2014• Cape Town and Johannesburg• Business visits

– CEO of Philips Medical Care– Founder of Waterford Wine Estates– Senior Executives at Tiger Brands, Yum Brands,

Mediclinic South Africa– University of Johannesburg MBA Students and Faculty

• Cultural Immersions– Hout Bay; Chapman’s Peak; Cape of Good Hope– Historic town of Stellenbosch– Apartheid Museum– Entabeni Game Reserve

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Global Practicum: China & Korea 2015• China and South Korea– Shanghai, Beijing, Seoul

• Planned business visits– General Motors Shanghai– Shanghai Pharmaceuticals– Asan Medical Hospital– Samsung– SK Telecom

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Major Concentrations• Strategic Business Management– Corporate Financial Policy and Strategic

Planning– Strategic Accounting for Managers– Management of Innovation, Creativity and

Design for Sustainability– Information Resources Management– Strategic Planning in Marketing

• Courses incorporate global, strategic perspective of businesses

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• Strategic Healthcare Management– Health Information Systems– Marketing of Healthcare Services– Health Services Human Resources– Health Care Finance– Health Law and Ethics

• Five concentration courses in multi-functional areas related to the recent and upcoming developments in the industry

• Courses lead by leading industry executives at senior positions

Major Concentrations

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Other Concentrations

• All major concentrations available on campus – Switch allowed under permission

and advisement– Five electives to be taken on

campus

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Admissions Requirements• Online application form• GMAT or GRE scores

For applicants with professional experience of - normally over five years, the GMAT requirement for admission to the Online MBA degree program may be waived if the applicant possesses a graduate degree, or a well-recognized professional certification (e.g., CPA), or the applicant is employed at a middle-level management or professional position.

• Resume• Personal Statement• Two Letters of Recommendation• All transcripts (Official Transcripts)• TOEFL or IELTS scores (International Students)• Phone Conversation with Director

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Costs• 2015 Admission Cycle cost: $72,800 includes:

– Tuition– Cost of course materials– Global Practicum– Domestic Residencies (except for travel)

• Limited Scholarships Available based on Needs and Merit

• Initial Deposit upon acceptance– Admission deposit = $500 (2 week time

period)– Reserves a spot on the limited enrollment

cap

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The First Four CohortsPast Cohorts

Students

Experience (Years)

Locations

Fall 2011

16 5-25 Tri-state, Bermuda, Utah, Arkansas

Fall 2012

18 5-30 Tri-state, Virginia, Kazakhstan, Canada

Fall 2013

20 3-30 Tri-state, Missouri, Virginia

Fall 2014

23 7-30 Tri-state, Virginia, South Carolina, Georgia, Florida

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Additional Information• Contacts:

Kaushik Sengupta, Ph.D., Director of Online MBA Programs Kaushik.Sengupta@hofstra.edu , 516-463-7825

• Sample Course DemoEmail with request to:

Kaushik.Sengupta@hofstra.edu

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Online MBA Program Website

Hofstra.edu/onlinemba