LeBow College of Business – Drexel University
Drexel University Full-Time MBA Program Structure
The Drexel University Full-Time MBA program meets at the Gerri C. LeBow Hall on the Philadelphia campus and primarily offers daytime classes, with some evening classes scheduled as well. Classes begin in September, and the first nine months of the program are dedicated to academic coursework, followed by a three-month summer session that consists – of hands-on learning opportunities, such as co-ops, consulting projects, and international study options. The program is completed in 15 months.
The school operates on a 10-week quarter system, and Drexel LeBow encourages collaborative learning by grouping students in each program except the EMBA into cohorts of 25 to 35 students who take each course together. One to two-week optional international learning experiences are also available for students in each cohorted in-person program, with destinations including Turkey, Greece, Hungary, Austria, China, Vietnam, Argentina, Chile and Germany. These trips are not included in the program cost.
Students in all Drexel University Full-Time MBA programs must complete a total of 51 credits to graduate and maintain a cumulative GPA of 3.0 or above to remain in good academic standing. A course in which a student earns a “C” or below must be repeated in order to count towards graduation requirements. Accelerated courses in accounting, finance, macroeconomics and microeconomics serve as the foundation of all of LeBow’s MBA programs. These four courses are worth half as much as normal courses, or 1.5 credits each. Following these foundation courses, students complete a sequence of nine required core courses of three credits each: Managing the Total Enterprise, Marketing Strategy and Planning, Leadership and Professional Development, Managing Technological Innovation, Business Statistics, Corporate Financial Management, Managerial Accounting, Managerial Economics and Operations Management. The programs diverge at this point.
Students are then required to complete a flexible core sequence consisting of two linked courses that provide a more in-depth look at a topic. In this flexible core sequence, students may select to study entrepreneurship, corporate governance, reputation management, international business or strategic leadership. Students then take three additional courses in one of five concentrations: marketing, finance, business analytics, entrepreneurship and innovation management and healthcare management. A capstone course covering strategic management rounds out the required curriculum.
Students matriculating in the Drexel University Full-Time MBA program have completed on average five years of professional experience and average 28 years of age. Around 20% of students in the program are considered international.
The LeBow Career Services department offers individual counseling, employer information sessions, workshops, career research materials, and an integrated online portal system for job hunting called the Career Gateway.
Graduates of the Drexel University Full-Time MBA program tend to find work in the region. Of recent graduates, 71% work in the Philadelphia area, 7% in the metropolitan area of Washington, D.C., 6% in the New York metropolitan area, and 16% elsewhere. The industry breakdown is as follows: 15% in Financial Services, 13% in Healthcare, 10% in Media/Entertainment, 8% in Education, 8% in Retail, and 46% in other fields.
Tuition & Financial Aid
Students currently enrolled in the full-time 15-month program pay on a per-credit hour basis, with the cost set at $1,255. At 51 credits, tuition paid over the course of the MBA program totals $64,005.
LeBow students completing their MBA in one year who apply by the September 1 deadline are automatically considered for merit-based scholarships, which range from $1,000 to the full cost of tuition. Admitted Drexel Lebow Full-time MBA applicants who submit their Intent to Enroll forms by the November 1 deadline receive a $5,000 Alumni Award, while those who submit these forms by January 1 receive a $3,000 award. Finally, applicants to the one-year program who live in the continental U.S. are eligible for the Dean’s Scholar Award. LeBow also offers a limited number of graduate teaching, research and administrative assistantships for full-time MBA students. Recipients of the assistantships must work 20 hours per week and are eligible for up to $18,000 in funding per academic year.
Students desiring finance through loans are encouraged to investigate federal loan options including the Stafford loan and the GradPLUS loan, as well as loans available from private lenders.
The admissions committee notes a preference for GMAT scores above 570 and TOEFL scores above 90 for non-native English speakers, but no minimum score is required on either exam.
Applicants are required to submit a paper or online application form, current résumé, academic transcripts for all undergraduate and graduate institutions attended, GMAT or GRE scores, essays, and two professional recommendations. The application fee of $100 will be waived if the prospective student has attended an information session.
In terms of essay requirements, applicants to the regular MBA programs are asked to “describe in detail your reasons for pursuing a degree from LeBow College, your short-term and long-term career plans, and how your background, experience interests and/or values, when combined with a Drexel graduate degree, will enable you to pursue those goals successfully” in 500 words.
Applications for all programs are considered on a rolling basis, and most students are notified of the committee’s decision within two to three weeks. The Admissions Office recommends early application for maximum consideration for scholarships.