Waiver Exams
Waiver exams are available to all matriculated MBA students only. They take the form of a sit-down exam. See the descriptions below. There is no fee associated with taking the exams. The MBA 500 and MBA504 exams are pass/fail grading while the MBA505 exam requires a B or better to pass. You are allowed to take each exams only once. If you do not pass, you are required to take the core class. If you are interested in taking these exams, please contact the Graduate Programs Office (contact).
Exams are available for the following required MBA courses only:
- MBA 500: Statistical Methods for Management
- MBA 504: Financial Management
- MBA 505: Managerial Marketing
Please review the policy for each waiver below:
MBA 500: Statistical Methods for Management
This exam is open book, open notes and calculators are allowed. You will have a maximum of two hours to take the exam.
Topics that are covered on the exam may include:
- Data presentation
- Probability Theory
- Discrete and Continuous Distributions
- Confidence Intervals
- Statistical Inference based on limited sample information
- One and Two Sample Inferences
- Linear Regression and nonparametric statistics
- Chi-square tests and other such techniques
Suggested reading: Basic Business Statistics, Berenson, Levine and Krehbiel
MBA 504: Financial Management
You are given 3 hours to take this exam. It is open book and calculators are allowed.
The exam is made up of 40 Multiple Choice questions. You need at least 30 correct answers to pass this exam.
It is suggested to study from the topics that are covered in the class syllabi, below.
| Chapter | Topics |
| 1 | Introduction |
| 1, 3 | Financial Environment, Financial Statements |
| 13, 14 | Financial Statement Analysis, Financial Planning and Forecasting |
| 4, 5 | Risk and Return |
| 2 | Time Value of Money |
| 6, 7 | Bond Valuation, Stock Valuation |
| 9, 18 | Cost of Capital, Dividend Policy |
| 10, 11 | Capital Budgeting, Cash Flow Estimation |
| 19 | Initial Public Offering |
| 16, 17 | Capital Structure Decisions |
| 24, 25, 26 | Bankruptcy, Reorganization and Liquidation, Mergers, LBOs, Divestitures and Holding Company, Multinational Financial Management |
Suggested reading: Financial Management Theory and Practice, 11th edition 2004, Eugene F. Brigham and Michael C. Ehrhardt.
MBA 505: Managerial Marketing
You are given 3 hours to take this exam and it is closed book.
The exam is made up of six open ended questions. Unfortunately we cannot list specifically what is on the exam or it would give away the answers, so we suggest reviewing basic marketing principles by reviewing the suggested reading below.
Suggested reading: Marketing Management,Philip Kotler and Kevin Keller, 13th edition and Market-Based Management, Roger Best, 5th edition
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