Boston College
Carroll School of Management

Established in 1958, the Boston College Graduate School of Management is recognized for offering innovative programs uniquely suited to today's challenging management environment. The School enrolls approximately 930 students in four highly regarded degree programs: the Master of Business Administration (MBA), emphasizing applied learning and a global outlook; the Master of Science in Finance (MSF), a rigorous ten-course curriculum providing advanced financial skills; and the Ph.D. in Management with a Concentration in Finance and the Ph.D. in Management with a Concentration in Organization Studies, offering doctoral-level education for individuals interested in research and teaching.

The Graduate School of Management has developed many exciting options that enable students to individualize their management education. Among these are 11 joint degree programs, including the Master of Business Administration/Master of Science in Finance (MBA/MSF); the Master of Business Administration/Juris Doctor (MBA/JD); and the Master of Business Administration/Master of Social Work (MBA/MSW).

The Community
Located on 184 acres in the attractive Chestnut Hill neighborhood on Boston's edge, Boston College is just a short ride by car or subway from one of the most vibrant urban centers in the world. Boston, New England's largest and most historic city, offers the best of culture, entertainment and commerce.

Boston College boasts a full range of student organizations and activities to satisfy almost every interest. Organizations active at Boston College and the Graduate School of Management during 1997-98 included: The Graduate Management Association, Kids on Campus - Tutor/Mentor Program, Graduate Finance Academy, MBA Marketing Academy, High Tech Club, Global Business Luncheon Series, Graduate International Student Association, and Latin American Club.

Programs of Study and Degree Requirements
Master of Business Administration
The full-time and evening MBA programs combine classroom learning with abundant opportunities to apply knowledge to solve actual business problems. The full-time and evening programs are each composed of 55 credit hours and take two years or an average of four years to complete, respectively.

Master of Science in Finance
The MSF program prepares students for advanced work in corporate finance, investments and financial institutions. There are eight required courses covering these areas, and two additional electives. The ten-course program is designed to be completed in one year of full-time study or 21 months of part-time study, including one summer.

Ph.D. in Finance
This program includes training in quantitative methods and economic and financial theory. Requirements include a research paper due at the end of the student's first summer in the program, which culminates in the dissertation. Training and workshops in teaching are provided in the second through fourth years.

Ph.D. in Organization Studies
This program combines courses in theory and applied research with practical experience in teaching and consulting. Students typically complete 18 courses, a comprehensive exam at the end of the first year, a research paper by the end of the second year and a dissertation proposal by the start of the third year. The final portion of the program is devoted to the preparation and defense of a dissertation.

Joint Degree: Master of Business Administration/Master of Science in Finance
The MBA portion of the joint degree covers strategy, global management, finance, marketing, economics, and other topics. The MSF portion includes specialized and advanced courses in investments, corporate finance, and financial institutions. This highly selective program may be completed in two years of full-time study or four years of part-time study.

Facilities & Resources
The Boston College Libraries offer a wealth of resources and services to support research, teaching and learning. The book collections exceed 1.6 million volumes and approximately 20,000 serial titles are currently received. The library holds 2.7 million microforms.

Boston College library users also have direct access to the latest financial and trade data in electronic form. Among the more than 500 databases available through the library are the Dow Jones News Retrieval Service, Bloomberg Financial Services, Lexis/Nexis, ABI/Inform, Compustat, CRSP, DRI/Basic Economics and International Financial Statistics.There are a variety of computer resources available to students at the Boston College Graduate School of Management. The Graduate Computer Lab, located in Fulton Hall, is dedicated solely to graduate students. The lab is accessible around the clock and is equipped with IBM and Macintosh workstations and a laser printer. Lab workstations provide access to the Internet, e-mail accounts (available to all students) and EagleNet, Boston College's campus-wide information network.The O'Neill Computing Facility (OCF) is the largest public computing facility on campus. The OCF has more than 150 workstations, providing access to a wide variety of hardware, software and peripherals.

Expenses and Aid
Tuition and Expenses
Tuition is $1,550 per credit for MBA and MSF students. Other expenses include books, supplies, fees and living expenses.

The estimated cost of books and supplies is $80 per three credit course. Fees include a non refundable application fee ($45), registration fees ($15 per semester), student activities fees (7 or more credits per semester, $25; fewer than 7 credits per semester, $15) and ID card fee ($20). In addition, students who register for 9 or more credits in the School of Management must submit to Boston College a waiver showing proof of minimum health insurance coverage, or are required by Massachusetts State Law to purchase Massachusetts Medical Insurance for $455 per year. Living expenses will vary. For full-time students living away from home, a realistic estimate is $8,660 per semester. NOTE: Tuition rates, all fees, rules and regulations, courses, and course content are subject to revision by the President and Board of Trustees or School Dean at any time.

Financial Assistance
Graduate Assistantships and Scholarships — The Carroll School of Management offers a significant program of graduate assistantships and scholarships to full-time MBA and MSF classes. Assistantships and scholarships are merit-based awards. Awardees usually have two or more years of full-time work experience, 630 or above on the GMAT, 3.2 or above grade point average and a strong set of application materials.

University-Administered Financial Aid — In addition to the assistantships and scholarships offered through the Carroll School of Management, the University Financial Aid Office offers a variety of programs to help students finance their education. Students should be aware that most loan programs charge an origination fee and should factor this into their financial planning.

Federal Stafford Loan Program — The Federal Stafford Loan is a need-based, federally subsidized loan made to students attending school at least half-time. Students may be eligible to borrow up to $8,500 per year. The interest rate for students with no outstanding student loan balance is variable, with an 8.25 percent cap. For prior borrowers, the interest rate varies in accordance with the year of the initial loan. No interest accrues during the in-school deferment period, and repayment begins six months after a student graduates or ceases to be enrolled at least half-time. To help offset the interest subsidy, the federal government charges a 3 percent origination fee. In addition, lenders may charge a guarantee fee of up to 1 percent.

Unsubsidized Federal Stafford Loan Program — Through this loan program, students may borrow up to $18,500, minus their subsidized Stafford eligibility. The interest rate and repayment terms are identical to the Subsidized Federal Stafford Loan except that interest accrues during the in-school period. However, interest payments may be capitalized until a student graduates or ceases to be enrolled at least half-time.

Federal Perkins Loan — This need-based loan is provided from Boston College's federal funds. The interest rate of 5 percent begins to accrue on the loan nine months after the student graduates or ceases to be enrolled at least half-time.

Federal College Work-Study Program — Boston College offers a broad variety of employment through the federally-funded College Work-Study program. Academic-year and summer Work-Study opportunities may be on campus, or at off-campus, non-profit agencies.

The University Student Employment Office — is a clearinghouse for all positions on and off campus. Students may apply for positions during both the academic year and the summer. Summer positions in other cities and regions often are listed. For positions that do not require Work-Study eligibility, contact the Student Employment Office, Lyons Hall 120, Chestnut Hill, MA 02467.

Alternative Loans — There are many alternative loans available to management students. Any student may apply for these loans which are not federally subsidized. Almost all require a credit check and most allow the student to defer interest and principal until after graduation (the interest is capitalized and added to the principal). Please contact the Financial Aid Office for applications and information about alternative loans.

In order to receive consideration for financial aid through the University Financial Aid Office, applicants must complete and submit the following forms:

Free Application For Student Aid (FAFSA):
The FAFSA should be mailed as soon as possible after January 1 as it normally takes four to six weeks for Boston College to receive the processed copy. The institutional code number for Boston College is 002128.

Boston College Incoming Graduate Financial Aid Application:
This form should be completed and returned to the Financial Aid Office by April 1, 2004; however, applications filed after April 1 will be considered. Completed applications are reviewed on a first-come, first-served basis.

For more information
Students may direct inquiries to and request an application from:
Boston College
Graduate Financial Aid Office
Lyons 120
Chestnut Hill, MA 02467
(617) 552-3320 or
(800) 294-0294

How to Apply
Students can complete a printed version of the Application or apply online at Applications will not be reviewed until all materials have been received. A non-refundable application fee of $45.00 in the form of a U.S. check is required.

The Admissions Committees require three essays, one separate official transcript from each college and graduate school you have attended as a registered student (including summer school, night school, foreign university, etc.), and two written evaluations from individuals who can provide an objective and frank appraisal of your capacity for intensive graduate study and your potential for professional success. Do not fax recommendations.

Who to contact

MBA Admissions:
Phone: 617-552-3920
Fax: 617-552-8078
World Wide Web

MSF Admissions:
Phone: 617-552-4488
Fax: 617-552-8078
World Wide Web

Office of MBA Admissions or Office of Graduate Finance Admissions
315 Fulton Hall
140 Commonwealth Avenue
Chestnut Hill, MA 02467-3808

The Faculty and Major Research Interests
At the heart of the Boston College MBA learning experience are the knowledge and perspectives of the faculty who teach in the programs. Highly accessible and dedicated to student success, the faculty of the Carroll School of Management are acclaimed as scholars and practitioners. Many of them have extensive industry experience and contacts, which directly enhance their classroom activities.

Go To Profile Index Page

Go To Top Of Page