LeBow College of Business – Drexel University
Drexel University Part-Time MBA Program Structure
Beginning each September, the Drexel University Part-Time MBA at Lebow College of Business is an evening accelerated MBA program of 24 months, offered at both the Philadelphia and Malvern campuses, as well as in the school’s satellite campus in downtown Sacramento, California. A part-time two-year degree is also offered online. Students in both programs take two courses per semester, but students must apply to one program or the other. Online courses mainly rely on independent modes of communication such as message boards and podcasts, and students are less frequently required to engage in video conferences and chats with their peers and professors. The online program also includes two in-person components known as residencies, where professors and students interact face-to-face. These residencies of four days each occur at the beginning and in the middle of the curriculum. Housing at a local hotel is provided, as are meals. Online students may begin their MBA studies in either September or March.
Students also have the option to complete a part-time degree at their own pace by taking courses in person. Such students are allowed up to seven years to complete the MBA.
The school operates on a 10-week quarter system, and 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 included in the program cost.
Students in all Drexel University Part-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 courses in one of five concentrations: marketing, finance, business analytics, entrepreneurship and innovation management or health care management. A capstone course covering strategic management rounds out the required curriculum.
Drexel University Part-Time MBA students tend to be a bit more experienced than their full-time counterparts, with seven to ten years of work experience. Students in the accelerated portion of the part-time program are generally between the ages of 26-to-30, while students in the “At Your Own Pace” range from 24-to-30 years-old.
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.
Tuition & Financial Aid
The Drexel University Part-Time MBA costs $1,106 per credit hour to attend for a total cost for 51 credits of $56,406, plus a student fee of $140. Credits in the “At Your Own Pace” portion of the part-time MBA program cost $1,139 with the same additional fees.
Drexel University Part-Time MBA students are eligible for Dean’s Fellowships, the Alumni-Trustee Endorsement Grant and the Drexel Grad Grant.
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 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 financial aid.