Stephen F. Austin State University

Master of Business Administration

learn from experienced instructors

For more information on the Master of Business Administration degree, please see the MBA Graduate Bulletin.

The MBA Degree

The Master of Business Administration program at Stephen F. Austin State University (SFASU) provides advanced training in the theory and practice of management. Students are exposed to the fundamentals of business, including accounting, computer applications, economics, finance, marketing, operations, organizational behavior, quantitative methods, and strategy; specialized knowledge is available from elective courses. Both full-time and part-time students are accepted (classes are scheduled during evening hours). Applicants who hold a baccalaureate degree and meet admission standards are accepted without regard to undergraduate major.

Why get an MBA?

Finance BA/BS MBA % Diff
Financial Director $104K $137K 32%
Financial Controller $85.3K $94.8K 11%
Financial Analyst $67.8K $69K 2%
Marketing Director $101K $132K 31%
Marketing Analyst $70.2K $73.5K 5%
Marketing Specialist $56.4K $70.1K 24%
Human Resources
Sr. HR Manager $89.1K $99K 12%
HR Director $91.7K $97.4K 6%
HR Specialist $53.3K $51.8K -3%

Program of Study

Each student's degree plan is customized according to his or her background. For instance, if a student lacks skills in algebra or statistics, undergraduate courses in these areas are offered (MTH 143 and MTH 220).

For those who do not have an undergraduate degree in business, leveling courses cover the common body of business knowledge that would normally be included in an undergraduate business curriculum. This part of the degree requirements consists of the following 21 semester hours of undergraduate coursework:

ACC 231 Financial Accounting
CSC 121 Introduction to Information Processing Systems
ECO 232 Principles of Microeconomics
FIN 333 Introduction to Financial Management
MGT 370 Management Principles
MKT 351 Principles in Marketing
MTH 220 Introduction to Probability and Statistics

Depending on the student's background, some or all of the leveling courses may be waived by the MBA Director. For a course to be waived, the student must normally have completed equivalent undergraduate or graduate courses from a regionally accredited university. Grades of "B" or better within the last five years are required in most cases. In lieu of completing the required undergraduate courses, a candidate may certify that s/he has mastered the fundamentals of each field of business by completing appropriate modules through Ivy Software.

All MBA candidates are required to take the "core" of the program. These courses refine business knowledge through exploration of business theories and practices and application of the knowledge to real-world situations. The core consists of the following 30 semester hours:

ACC 511 Accounting for Management
BCM 520 Managerial Communication
BLW 547 Transnational Business Law
ECO 520 Managerial Economics
FIN 514 Advanced Financial Management
GBU 550 Executive Leadership
MGT 571 Operations Management
MGT 517 Strategic Management
MGT 581 Information Systems in Organizations
MKT 513 Marketing Management

Additionally, MBA candidates must take six semester hours (2 courses) of approved business graduate electives.

At most, six hours of coursework may be transferred toward the MBA degree from an AACSB-accredited school. All requirements must be completed within six years of first enrollment in graduate courses.

For a sample degree plan, click here. Please note that this is an example; individual degree requirements, particularly leveling courses, will vary depending on the candidate's previous academic work and experience.


A student seeking admission to the MBA program should take the Graduate Management Admission Test (GMAT) at least two months prior to enrollment (scores more than five years old at the time of application are not normally accepted). An admission application form must be completed and submitted to the Office of Graduate School, and official transcripts must be sent from all colleges and universities attended. The deadline for receipt of all materials (including GMAT score) is 30 days prior to registration for the semester in which the student desires to enroll. Application forms can be found on-line at

Once the application is complete, an acceptance decision is made based on a combination of undergraduate gradepoint average (GPA) and GMAT score. To be accepted a candidate must attain a minimum score of 420 on the GMAT and meet one of the following criteria:

1) Achieve a minimum of 1000 points using the formula: (200 x overall GPA) + GMAT score


2) Achieve a minimum of 1050 points using the formula: (200 x Upper-division GPA) + GMAT score

"Upper division" is defined to be either the last 60 hours of undergraduate coursework (excluding freshman-level courses) or all junior/senior courses.

For purposes of admission, undergraduate GPA is calculated by including courses taken at all post-secondary institutions (i.e., colleges and universities), not just the institution that granted the undergraduate degree. Additionally, all attempted courses and the accompanying grades are taken into consideration, including drops, withdrawals, and repeats.

The GMAT requirement is waived for those applicants with an undergraduate GPA of 3.5 or higher from a regionally accredited US college or university. Additionally, applicants with three or more years of extensive managerial work experience can request to have the GMAT requirement waived by the MBA Director. This decision is made on a case-by-case basis; "extensive managerial experience" will typically mean a full-time supervisory or managerial position held for a significant period of time after completing the bachelor's degree.

While scores from the Graduate Record Examinations (GRE) may be substituted, GMAT scores are preferred. A student whose native language is not English must also submit a Test of English as a Foreign Language (TOEFL) score of at least 213 on the computer-based version, 80 on the internet-based version, or 550 on the paper-based version of the test.