About the Program
While Hofstra University has been named one of New York’s Top Online MBA Programs, you might not think the physical location of an online program is important. But the fact is, Hofstra’s prime location on Long Island, minutes from New York City, matters for several reasons.
First, the university’s proximity to the financial capital of the world allows easy access to many of the best and brightest professionals in the industry…business leaders who have helped shape both the online and on-campus Hofstra MBA programs.
Second, students of Hofstra’s Frank G. Zarb School of Business online MBA program gather twice in their two-year program for on-campus residencies. The first spans four days over a weekend in late August and takes place mainly on the Hofstra campus. Multiple workshops and sessions will familiarize you with the online learning environment and prepare you for success. In addition, corporate visits are arranged in the New York area, providing networking opportunities with industry executives and notable alums. The second residency takes place in the three days leading up to graduation. It includes a multi-day on-campus business capstone project, as well as interaction with industry panels, local visits to companies in the New York area, and the rewarding experience of the on-campus culture and graduation events as you complete the program.
Students can also choose to do a global practicum in the middle of the course, between the first and second year. Those who participate in this optional program go on a 12-day cultural immersion trip to selected countries, where the team visits companies and gets to speak with various international business leaders. In previous years, students have visited Brazil, Argentina, Dubai, India, and South Korea.
“Our students greatly benefit from getting a solid orientation into the program, opportunities to meet students, alumni and professionals in the New York Metropolitan area, and a gratifying conclusion to their studies,” said Dr. Kaushik Sengupta, director of the online MBA program. “And although the global practicum is optional, many students have found it to be one of the most exciting and professionally rewarding aspects of the entire program.”
The two-year online MBA program takes in students once a year in September, and first launched in 2011. To date, they have 113 alums and an acceptance rate of 55%t, and 45 students were enrolled to the program in Fall 2018. In the 2017 academic year, the school received 65 applications, they accepted 44, and 24 students were enrolled, showing clear growth of the program.
Students in the program can choose a concentration in Strategic Business Management, Strategic Healthcare Management, Finance, or Accounting, and the school estimates total tuition and fees for the 2018 – 2019 academic year to be $62,845.
TEST SCORES NOT REQUIRED, WORK EXPERIENCE IS
The school is one of the few that accepts students into the program without a submission of either GMAT or GRE. However, Dr. Sengupta makes it clear that they are looking for individuals with work experience.
Students in their current student body range in age from 23 to 51, with every single one of their students graduating with their degrees within the two-year time frame. Their success can be in part attributed to the fact that Dr. Sengupta and his team look out for students with at least three years of work experience. He shared that students who joined the school last year had between four and 26 years of work experience.
At the moment, the school has no international students, and students with five or more years of work experience, with a resume clearly showing that they’ve been taking on increasing responsibilities, can have their test score submissions waived. Other than that, Dr. Sengupta says they’re looking at applications to understand why students are interested in the program and where they’re looking to go, in part through admissions interviews which they conduct over the phone.
“Most of our students are mid to senior-level management, who have an average of 12 years’ experience,” Dr. Sengupta says. “We’ve been strong on the healthcare industry, with many of our students already working as doctors and nurses.”
Once a part of the Hofstra online MBA program, Dr. Sengupta and his team work to ensure the success of students through curriculum design, alumni engagement, and other methods.
Classes are kept small with a maximum of 25 students, and a cohort structure that fosters enhanced networking relationships among students.
The Graduate Business Career Center helps to connect students with industry opportunities to turn dreams into realities. The Center also help students with resume review, mock interviews, one-on-one career coaching appointments, employer information sessions, executive speakers, career development webinars, and corporate site visits.
To top things off, students in the program can also take part in a Career Leadership Assessment that is followed up with individualized executive coaching to facilitate career progression.
To keep the school curriculum relevant, Dr. Sengupta says that several alums sit on the advisory board of the departments, and they are also invited to the orientation sessions to talk to the students about the program.
The school shared that every student in the online MBA program at Hofstra University were employed at graduation, with an average pre-program salary of $117,500 and a post-program salary average of $149,794.
“Our students come to us driven and ambitious, and we help them get to where they want to be,” Dr. Sengupta says.