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Registration and Records
Butler University Bulletin

Lacy School Graduate Programs

For general information on applying and admission to any Butler graduate program or course, see Admission Information and Requirements. School- and program-specific requirements are detailed below.

Master of Business Administration

The Master of Business Administration (MBA) is a professional degree, offered primarily to early- and mid-career professionals seeking career enhancement.

Requirements for Graduation

An individual path to graduation is prepared for each incoming student based on his or her academic background.

The program requires 38 graduate credit hours. Students are required to demonstrate proficiency in six competency areas prior to starting the graduate core. Some of the competency areas may be waived based on the individual’s undergraduate transcripts (certain requirements apply). If an automatic waiver is not granted, the student will be required to show competency by passing an exam in that topic area. To prepare, students can take an online, self-paced primer on a pass/fail basis. Students must accumulate a minimum of two global (G) points by completing a designated global elective course. Students are required to achieve a 3.0 GPA to graduate from the program.

As students progress through the program, they may choose to pursue a general MBA degree or earn one or more of these concentrations: Entrepreneurship and Innovation, Finance, International Business, Leadership, or Marketing.

MBA Student Learning Outcomes

The faculty of the LSB have identified the following outcomes for students completing the MBA curriculum. They address what students should know, be able to do, and value.

  • Identify the fundamental drivers of business and integrate such business knowledge to solve business problems
  • Identify the dynamics affecting businesses in the international economy
  • Display the ability to work effectively in teams
  • Apply appropriate analytical techniques and technology to support evidence-based solutions to business problems
  • Identify strategies for managing or implementing organizational change

Curriculum

Two components comprise the MBA curriculum:

  • The graduate core (30 required credit hours) offers an integrated framework on contemporary leadership perspectives and management practices.
  • Concentration courses (8 credit hours) allow students to develop expertise in entrepreneurship and innovation, finance, international business, leadership, or marketing.

Master of Professional Accounting

The Lacy School of Business offers the Master of Professional Accounting (MPAcc) program for those students choosing to pursue a career in public or corporate accounting. It is primarily designed for students who already hold an undergraduate degree in accounting. Non-accounting majors are eligible to apply only if they have completed all of the prerequisite courses. The MPAcc degree, when combined with an undergraduate business degree, will enable students to meet the CPA certification requirement of 150 hours of postsecondary education mandated by most states.

Requirements for Graduation

The program requires 30 graduate credit hours, divided into three categories: core (17 credit hours), concentration (9 credit hours), and electives (4 credit hours). Students must complete at least one of the designated global concentration or elective courses. Students are required to achieve a 3.0 GPA to graduate from the program.

MPAcc Student Learning Outcomes

The faculty of the LSB has identified the following learning outcomes for students completing its MPAcc curriculum. They address what students should know, be able to do, and value.

  • Demonstrate general knowledge of advanced financial accounting, managerial accounting, auditing, law, tax, and other accounting-related business concepts
  • Demonstrate specialized knowledge of various accounting concepts, including international or multistate financial accounting or tax concepts
  • Demonstrate broad-based professional business and decision-making skills, such as critical thinking, problem-solving, and oral and written communication
  • Display teamwork and leadership skills
  • Apply appropriate ethical standards in professional decision making

Curriculum

The MPAcc curriculum comprises three components:

  • Core (17 credit hours): provides the necessary foundation in financial accounting and reporting, managerial applications, auditing, and taxation
  • Concentration (9 credit hours): allows students to develop fluency and expertise in financial reporting or taxation
  • Elective (4 credit hours): gives students an opportunity to explore areas beyond their concentration, such as law, nonprofit and government, or international accounting

Master of Science in Risk and Insurance

The Master of Science in Risk and Insurance (MSRI) is a professional degree offered primarily to early- and mid-career professionals seeking to advance their career in the field of risk and insurance.

Requirements for Graduation

The program is a 24-month, cohort-based, online program with two required in-residence portions, one at the beginning of the program and one at the end of the program.

The program requires 3o graduate credit hours. Students are required to demonstrate proficiency in four competency areas prior to starting the graduate core. Some of the competency areas may be waived based on the individual’s undergraduate transcripts (certain requirements apply). If an automatic waiver is not granted, the student will be required to show competency by passing an exam in that topic area. To prepare, students can take an online, self-paced primer on a pass/fail basis. Students are required to attend two in-residence programs. The first one will take place over four days in Indianapolis and the second will take place at the end of the program in Bermuda. Students are required to achieve a 3.0 GPA to graduate from the program.

MSRI Student Learning Outcomes

The faculty of the LSB have identified the following student learning outcomes for students completing the MSRI curriculum. They address what students should know, be able to do, and value.

  • Apply specialized topics exclusive to risk and insurance to business risk situations, including property and casualty, health and life insurance, and insurance-linked securities 
  • Assess risk and formulate appropriate approaches to minimize and mitigate the cost of risk
  • Use current and emerging tools to analyze and recommend alternative risk financing methods
  • Develop and demonstrate risk management and insurance solutions using advanced data analytics methods and communication strategies
  • Demonstrate managerial capabilities by applying financial management, team management, and leadership skills
  • Apply professional and ethical decision-making standards

Curriculum

The MSRI curriculum includes:

  • The graduate core (24 required credit hours) offers an integrated framework on contemporary risk and insurance practices
  • Two electives (6 credit hours) allow students to select between electives focused on law and contracts, enterprise risk management or insurance company operations. Until these courses are developed for permanent delivery, they will be offered as Special Topics courses.

Master of Arts in Management

The Master of Arts in Management (MiM) is a professional degree offered primarily to recent bachelor-level graduates with limited business experience seeking exposure to high quality, accelerated, business curriculum. 

Requirements for Graduation

The Master of Arts in Management (MiM) is a 12-month (full-time) or 24-month (part-time) cohort-based, online program with a required internship and heavy coverage of career development concepts.

The program requires 33 graduate credit hours, including a 300-hour professional internship. Students are required to achieve a 3.0 GPA to graduate from the program.

MiM Student Learning Outcomes

The faculty of the LSB have identified the following student learning outcomes for students completing the MiM curriculum. They address what students should know, be able to do, and value.

  • Demonstrate an ability to build, sustain, and expand a network of people via teambuilding, leadership, interpersonal, and communication skills.
  • Integrate the critical thinking skills of a liberal arts background with a mastery of business fundamentals to make effective and ethical decisions.
  • Apply managerial capabilities by demonstrating project management (project planning), budget management (financial, acct, econ), and information management skills (project planning/analytics)

Curriculum

Two components comprise the MiM curriculum:

  • The graduate core (29 required credit hours) offers an integrated framework on contemporary leadership perspectives and management practices.
  • The professional internship experience (4 credit hours) provides students with the opportunity to better understand an organization and its industry, while providing a chance to apply business skills garnered earlier in the MiM Program.