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FAQ
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FREQUENTLY ASKED QUESTIONS
APPLICATION REQUIREMENTS
Q. I have less than two years of work experience. Can I still apply to the program?
A. We require a minimum of two years of post graduate work experience for our MBA programs. 80% of the students admitted have between three and eight years of post graduate work experience.
Q. My GMAT does not fall in your range. Should I still apply?
A. Students admitted to the business school have an average GMAT score of 620. We are now accepting the revised GRE in addition to the GMAT.
Q. I didn’t do well in undergraduate studies. What can I do to prove my current academic ability?
A. There are a number of ways an applicant can prove current academic ability, a good score on the GMAT/GRE. Furthermore, Fordham offers applicants the option of taking its prerequisite courses (Math Methods for Business, Statistics and Managerial Economics) as a non-matriculated student in what is called our Pre-MBA Program. Finally, you can take quantitative courses (ie. Calculus) at another institution to demonstrate academic ability.
Q. What does the Admissions Committee look for in an application?
A. The Admissions Committee looks for three things in an applicant:
- Academic Ability as demonstrated by your undergraduate/graduate transcripts, GMAT/GRE score and any licenses (Series 7, 63, CPA, CFA, etc.)
- Managerial Ability as indicated by your letters of recommendation, personal statements and resume. This is where work experience comes into play. We look at where you were when you graduated undergrad and where you are today. What sort of career progression have you experienced – promotions are obviously your firm’s faith in your managerial ability.
- Goals and Aspirations as indicated by your personal statements, your work experience and, if possible, your interview. The first two components determine (Academic and Managerial Ability) how you fit Fordham’s profile. We want to be sure you have a clear idea as to why you have chosen to do your MBA at this point in your career. More importantly, how will Fordham’s MBA affect your future career goals.
Diversity issues are involved in all three areas. Fordham is a strong believer in academic, professional and goal oriented diversity. Ultimately, from an admissions committee standpoint, we want to select a class that will be representative of the city in which we reside – New York.
Q. Are interviews required?
A. Interviews are not a required component of the application. However, applicants are welcome to request an interview with an Admissions representative. If, however, you are invited for a face-to-face or phone interview, then at that point, the interview is required.
Q. Can I submit additional documents that are not part of the regular application process, to demonstrate my potential as a prospective student?
A. Because we have limited storage capacity, we regret that we are not able to accept any additional documents other than those expressly noted in the application requirements. Documents that are not required in the application are destroyed.
Q.What do I need to submit to apply to the MBA? Executive MBA? Pre-MBA? etc...
A. Each program has various application requirements and deadlines. Please click here to determine the materials required and application deadlines for the program to which you are applying.
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APPLICATION PROCESS AND POLICIES
Q. What are the deadlines?
A. Click here Click here for an overview of application deadlines and requirements for degree and non-degree programs for both domestic and international applicants.
Q. How long does it take to receive notification of a decision?
A. The application review and notification process takes between three to six weeks from the time the application is completed. We will notify the applicant via e-mail when the application is complete and ready for review.
Q. What percentage of students are accepted to the MBA Program? To the Pre-MBA Program?
A. Approximately 55% of full-time applicants and nearly 60% of part-time applicants are accepted. Furthermore, acceptance into the program as a part-time applicant is no indication that it is easier than getting into the program as a full-time applicant. The admissions committee follows the identical procedures for each status. At present, statistics do not exist for Pre-MBA acceptance rates.
Q. I have no traditional business experience. Will that negatively affect my application?
A. The Fordham Business School population is extremely diverse. Students come from a number of backgrounds that are increasingly disparate including but not limited to engineering, medicine, media, pharmaceuticals, entertainment, education, finance, accounting, marketing, management, technology, sales, non-profits, government, law in addition to a number of other backgrounds. The make-up of the MBA classroom has changed dramatically over the last two decades. No longer is the classroom made up of investment bankers and accountants. As different industries see the need for professionals with advanced-level management education, MBA Programs, and Fordham in particular, have answered this demand by offering programs that address the needs of the current business environment. One such example is our niche program in Communications and Media Management. Programs like this and others have attracted an extremely diverse population of candidates – many of whom come from non-traditional backgrounds.
Q. If a student is rejected, how long must he/ she wait to reapply?
A. Denied applicants must wait one full academic year before they may re-apply to any of our programs.
Q. I am unsure of my chances of admission to the MBA program, can I apply to the Pre-MBA program for the same term in the event I am not admitted to the MBA program?
A. Students may not apply to two different business school programs for the same academic term. If denied, the applicant must wait one year before they may re-apply to any of our programs.
Q. What sort of Financial Aid does Fordham offer?
A. All fully matriculated students who are registered for six or more credits, and are United State citizens or permanent resident of the United States are eligible for Federal Financial Aid. In order to be eligible to apply for Federal Financial Aid, you should begin the FAFSA process as soon as possible. The FAFSA can be found on line at the Financial Aid subsection of our central web site (www.fordham.edu).
Fordham also offers an annual $5000 loan to US citizens and Permanent Residents. The loan is interest free up to six months after graduation.
All domestic and international full-time (12 or more credits) students are eligible for the Graduate Assistantship Program. In return for your work as a research assistant (for a faculty member) or an administrative assistant (for an administrative office), the university will pay for up to $21,060 of your total tuition costs. There are also a number of scholarships and fellowships that are available to second year students.
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PROGRAM POLICIES
Q. How many credits do I need to graduate?
A. The traditional MBA program with one concentration requires 69 credits, which includes the prerequisites. A student with a dual concentration would be required to take one extra course, increasing the credit load to 72 credits. However, the number of credits required of each student varies due to our Waiver Policy.
Q. Can I switch from the part-time to the full-time MBA program?
A. Yes, you can make the switch. Conversely, if you start as a full-time student and need to switch to part-time, you may also do so.
Q. How long does it take to complete the program?
A. The traditional MBA program takes two years to complete on a full-time basis, and three to three and a half years on a part-time basis.
Q. Do you accept transfer credits?
A. We do not have a transfer policy or accept transfer credits. However, our Waiver Policy allows students to waive course requirements based on previous course work completed.
Students are waived from prerequisite or core business courses if he/ she has:
- Completed one graduate level course from an institution accredited with the Association to Accredit Collegiate Schools of Business (AACSB)
- Or two undergraduate level courses
- Covered similar content as compared to one Fordham prerequisite or core course
- Obtained a grade of “B” or better in each graduate or undergraduate course (B- does not count),
- Within 6 years from the term of enrollment at Fordham.
Q. What is the Pre-MBA program exactly?
A. The Pre-MBA allows applicants, from non-traditional backgrounds or who have not recently taken a quantitative course, the opportunity to take our prerequisite courses without being a fully matriculated student in the program. The Pre-MBA is a wonderful opportunity to show the Admissions Committee one’s quantitative ability. Students are not required to take all three courses prior to application and enrollment in the MBA Program. Any course work not taken will roll over into the student’s MBA program of study if admitted to the program. Admission to the Pre-MBA Program does not guarantee acceptance into the MBA Program.
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INTERNATIONAL APPLICANT POLICIES
Q. What are the deadlines for international applicants?
A. International students who may require an F-1 visa are required to apply one month prior to all published deadlines. Click here for all program deadlines and requirements for degree and non-degree programs.
Q. Am I required to take the TOEFL?
A. All applicants whose native language is not English must submit an original TOEFL score. The only exceptions to this are the following: Applicants who have completed all four years of undergraduate or a two year Masters program at an English speaking institution in an English speaking country.
Q. What are your minimum TOEFL requirements?
A. Our minimum TOEFL requirements are 600 for the paper test, and 100 for the internet based test.
Q. What transcript evaluation services are accepted by Fordham?
A. We accept evaluations from World Education Services (WES) (www.wes.org) or any other NACES organization member. www.naces.org/members.htm
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