This specialization will take you beyond the classroom as you build and test your entrepreneurial ideas in real-world settings. You will explore various business disciplines, including marketing, finance, operations and strategy, as you develop skills in building businesses, investing in businesses, raising capital and evaluating business opportunities. Courses will emphasize analysis, decision-making and business planning of a real new venture product or service. As a graduate, you can expect to have a solid business plan that is ready to be presented to investors, banks or private entities.
MBA Degree Requirements
An MBA in Business Administration requires 30 credit hours beyond the bachelor degree level. The MBA program includes 15 credit hours of foundational courses. The foundational courses are taken by all students regardless of their undergraduate degree to form and strengthen their fundamental business skills. The remaining 15 credit hours encapsulate a specialization aligned with a student’s career goals. Students may also opt for a General Business specialization, electing 15 credit hours of cross-discipline courses. Elective courses must be appropriate to the student's degree program.
Students in the MBA program are required to demonstrate competency in the areas listed below:
- Research - MBA students are required to show competency in writing skills for research purposes through their Northcentral University coursework.
- Computer Competency - MBA students are required to use appropriate computer skills that are necessary in writing research papers. Students must be able to prepare documents using APA formatting and advanced word processing skills, such as the creation of title pages, abstracts, tables and figures, headers and footers, page breaks, tables of contents, and hanging indents.
Students assume full responsibility for understanding both the foundational and specialization requirements of each program. Switching programs after completing coursework may result in reevaluation, monetary loss, loss of credit hours and/or the need to take additional credit hours. Students' Academic Advisors can assist with any questions related to program requirements.
The University may accept a maximum of 6 semester credit hours in transfer toward the Master of Business Administration for graduate course work completed at an accredited college or university with a grade of "B" or better.
Completion Period for Master's Degrees
Northcentral University allows 5 years to complete all 30 credit hour master's programs. Normal time to complete varies depending upon course take rate and credits transferred.
BTM5000 / BTM5000-8
Foundations for Graduate Study in Business
This course is an orientation to Northcentral University and to the essential skills needed to pursue a MBA degree in Business. Graduate level skills, such as academic integrity, time management, effective use of the Northcentral Library, comprehending complex scholarly texts and research articles, and APA form and style in professional communication are also introduced. Students will complete the course with a better understanding of personal goals, strengths, and challenges, and a roadmap to navigate their way to completion of their educational aspirations.
SKS5000 / SKS5000-8
Comprehensive Strategic Knowledge Studies
Students will describe, discuss, and apply knowledge in 12 business topical areas necessary to address a wide variety of business-related situations. The course focuses on demonstrating core proficiencies in the following business areas: Marketing, Business Finance, Accounting, Management, Legal Environment of Business, Economics, Business Ethics, Global Dimensions of Business, Information Systems, Quantitative Techniques and Statistics, Leadership, and Business Applications. The intent of this course is not to introduce these core business concepts, but rather to verify a bachelor-degree-level threshold competency within each topical business core area. The course includes a comprehensive case study that will allow the students to demonstrate their competency with all 12 common professional components.
MGT5019 / MGT5019-8
Ethics in Business
Ethics and social responsibility are terms frequently applied to businesses often in the context of describing the lack of them. Using a case study methodology, students in this course will explore the responsibilities of a business and the stakeholders to whom it is responsible. The course includes case study analyses of business law, labor laws, discrimination, and applications pertaining to affirmative action, conflicts of interest, honesty, and moral responsibility. Students will also investigate sexual harassment, social responsibility, government contracting, and workplace safety.
MGT5028 / MGT5028-8
This course introduces the graduate student to the calculation, use, and interpretation of descriptive statistics and inferential statistical analysis. The emphasis of this course is on providing a working knowledge of basic statistical concepts and helping students to understand statistical methodologies used in business, and more generally, to develop a working knowledge of statistical usage in everyday life.
HRM5000 / HRM5000-8
Human Resource Management
Throughout this course, students will work to develop an understanding of and will focus on the management of human behavior in organizations for optimal organizational effectiveness as well as individual outcomes. Students will also examine human resource management in a global context. Theories of managing the dynamics of individual, group, and system relationships to achieve organizational goals are explored in detail.
Innovation - The Entrepreneur and Intrapreneur
This is the initial course in the entrepreneurship specialization and serves as the prerequisite for all future courses within the specialization. Prior to the start of this course, it is recommended that students enter the course with a well thought out product or service venture. Students will explore many facets of the potential venture to include new venture feasibility, an analysis of strengths, weaknesses, opportunities and threats (SWOT), and identification of potential investors to determine if the new venture is needed within the marketplace.
Strategic Market Assessments
In this course, students will learn how to identify and analyze the various governmental, business and political challenges and opportunities that exist when operating within emerging national and international markets. The roles of history and tradition are also explored in light of their potential impact on various emerging market economies. The course will require the student to delve into advanced exploration of current topics, marketing of innovations and early stage technologies, the entrepreneurial dimensions of market research and analysis, intellectual property protection and management, and other potential new market plan related topics.
New Venture Formation
The formation of a new venture is an evolutionary process which requires research, analysis, assessment, and reevaluation of a new product or service in a competitive environment. Students will assess various leadership styles and how the styles might enhance venture performance. Students will examine the many business models available and determine how the models may possibly be incorporated into the new venture plan. A cursory analysis of personnel to define needs for skill types and sets will also be performed. Students will evaluate funding and financing options as well as market strategies based on an initial competitive analysis of the marketplace. At the conclusion of the course, students will have completed steps to solidify and clarify their new venture plan through research and analysis.
Venture Capital and Private Equity
Students will develop a plan to research, identify, and acquire the financial resources required for successful funding of the new venture. Funding the new venture will require students to examine business valuation, deal development, debt planning and structure, and the acquisition of venture capital from government agencies (Small Business Administration for example) or interested investors. A clear and succinct plan for funding the new business venture will be paramount to the successful acceptance of the new venture business plan by interested parties such as investors, stakeholders, bankers, or angel funds. Upon completion of the course, students will have a detailed financial plan that can be presented to investors and other interested parties.
Sustainable Business Practices
The goal of this course is to explore how the product or service will be effectively integrated into business activities to ensure that the venture is viable and sustainable in the marketplace. Depending on the product or service, students will have to identify any sustainability issues and evaluate if the process required for supporting the product or service is truly sustainable. Future success will depend on the overall sustainability of the venture processes that will support the new product or service. The course will also require students to examine social responsibility and the impact the new product or service may have on the environment, both today and in the future.
Capstone - New Venture Business Plan Creation
Students will finalize and complete a new venture business plan that has been the focus of the four prior entrepreneur/intrapreneur specialization courses. At the conclusion of this capstone course, students will have reviewed and finalized all applicable research, preparation, and analysis that was required in the previous courses. The final deliverable is a business plan and investor presentation for a startup business concept. The business plan should be of final form in which it is presentable for interested investors, stakeholders, or other interested parties.
At Northcentral University, we pride ourselves in being completely transparent when it comes to tuition and fees. We have adopted an all-inclusive tuition model that gives you the cost of your Master of Business Administration tuition and fees in one flat program rate*. The only additional cost above your MBA program rate is books. Learn more about the NCU’s MBA costs below:
- Per credit cost: $743
- Per 3 credit course cost: $2,229
- Program cost: $22,290
- Average book cost per course: $110
- Application Fee: $0
- Technology Fee: $0
- Registration Fee: $0
Click here to learn more about payment and financing options.
*Program rates are subject to change and generally increase at the start of each calendar year.
Total Program Tuition was calculated by taking the degree program’s maximum credits x cost per credit. Degree programs used for this comparison are: NCU – MBA; Capella – MBA-Business Administration; University of Phoenix – MBA; Walden – MBA. Institutions may charge additional degree program costs such as technology fees, resources fees and books. NCU’s Total Program Tuition is inclusive of all fees and charges, except for books. All rates are subject to change. Total Program Tuition is based on information obtained from referenced institutions' websites on July 31st, 2013 and is believed to be accurate but is not guaranteed.
Total program costs reflected are calculated based on standard degree program credits exclusive of the program’s potential evaluation track. The actual cost of program is determined on the program and track student enters, transfer credits if any and other unique student factors. For more information: please contact Admissions or refer to the catalog.
If there’s one thing we’ve learned about our students, it’s that they are motivated and ambitious—but they are also busy! At Northcentral University, we’ve designed our education experience to work with you, not against you, so you can achieve your academic goals without sacrificing the quality, flexibility and support you need to be successful.
- Regionally Accredited
- No Physical Residency Requirements
- One-to-One Teaching
- 100% Doctoral Faculty
- Flexibility of Online Learning
- University Resources
To learn more, request information or call 1-866-776-0331 or start a live chat to speak with an enrollment advisor today. We offer new courses every Monday of the year so you can get started when it’s best for you.
ACBSP Accredited Online MBA Degree Program
In addition to NCU’s regional accreditation from the HLC, our business programs in the School of Business and Technology Management have received programmatic accreditation from the Accreditation Council for Business Schools and Programs (ACBSP). ACBSP promotes continuous improvement and recognizes excellence in the accreditation of business education programs around the world.