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Management/ Business Administration
I.H. Asper School of Business
Dean: Dr. Gady Jacoby
Associate Dean(s): Dr. Lysa Porth Dr. S. Sivaramakrishnan Dr. D. Stangeland Dr. Z. Wu
Head: Dr. D. Stangeland - MBA and MFin Program; Dr. Z. Wu - PhD and MSc Program
Campus Address/General Office: 515 Drake Centre
Telephone: 204-474-8448
Fax: 204-474-7544
Email Address:  For MBA-asper-mba@umanitoba.ca or For PhD/MSc-aspergrad@umanitoba.ca or For MFin-asper-mfin@umanitoba.ca
Website: http://umanitoba.ca/asper
Academic Staff: 

Please refer to our website for academic staff information: http://umanitoba.ca/asper

Management Program Information

The University of Manitoba’s Asper School of Business offers four graduate degrees for those interested in furthering their business and management understandings and skills. The AACSB accredited programs are:

  • Asper MBA
  • Asper Master of Finance
  • M.Sc. in Management
  • Ph.D. in Management

Supplemental Regulations

Individual units may require specific requirements above and beyond those of the Faculty of Graduate Studies, and students should consult unit supplemental regulations for these specific regulations on the Graduate Studies website at http://umanitoba.ca/faculties/graduate_studies/admin/supplemental_regulations.html

Asper MBA Program Information

The Asper MBA is a tightly integrated 60 credit hour program, led by internationally-recognized academics and professionals, and conducted in an interactive and dynamic face-to-face learning environment.

Master of Business Administration

Admission Requirements

The Asper MBA program has two intakes: January and August. Applicants require:

  • At least a 3-year Bachelor degree from a recognized educational institution in any discipline
  • 3.0 GPA preferred on the last 60 credit hours of university level study (2.5 minimum)
  • 2 years professional work experience required
  • 550 GMAT preferred or equivalent GRE (500 minimum)
  • Asper MBA Language Proficiency in English requirements are (one of):

 IELTS 7.0 (no band score less than 6)
 TOEFL 100 (internet)
 MELAB 85
 CAEL 60
 PTE (A) 65
 CanTEST 4.5 in all four sections
 AEPUCE 85%, if entering AEPUCE with an IELTS of 6.0

Application Deadlines

Students should complete and submit their online application with supporting documentation (if applicable) by the date indicated in the following table:

Term

Start Date

Canadian/US

International

 FALL

August

May 1

March 1

 WINTER

January

October 1

July 1

Applicants who are Canadian citizens/Permanent Residents of Canada with transcripts from universities or colleges in countries other than Canada and the United States are strongly advised to apply at least two months prior to the standard deadlines.

Program Requirements

Boot Camps and Workshops

Mandatory preparatory boot camps and workshops help develop the necessary skills to succeed in the Asper MBA program and in the business world. The Asper School of Business MBA has three regularly offered pass/fail auxiliary courses (X):

  • MSCI 5110 Basic Quantitative Analysis for Management (Math Boot Camp) – online number crunching primer (challenge exam option available).
  • MIS 5120 IT Seminar (Information Technology Boot Camp) – online course that provides you with the basics of common productivity software packages used in the business world, with particular focus on Excel (challenge exam option available).
  • IDM 5120 Career Development Seminar – develop the “soft skills” you need to advance your career, such as business etiquette, networking, resume-building and behaviour-based interview skills.

Program Core

The Program Core consists of 30 credit hours of business fundamentals and strategy, and a foundation in leadership, decision-making methods, and contemporary themes that inform decisions in today’s business world.

Business Foundations (24 credit hours)

  • GMGT 7200 - Critical and Creative Thinking (1.5)
  • ACC 7010 - Accounting Fundamentals (3)
  • FIN 7000 - Managerial Economics (1.5)
  • FIN 7020 - Corporate Finance (3)
  • GMGT 7220 - Managing People in Organizations (3)
  • OPM 7120 - Operations and Supply Chain Management (3)
  • MKT 7010 - Marketing Management (3)
  • ACC 7020 - Managerial Accounting (1.5)
  • MIS 7120 - Management Information Systems (1.5)
  • GMGT 7210 - Strategy Capstone Course* (3)

The Strategy Capstone Course, to be taken in the last term of the program, provides a holistic perspective on managing an organization or business by integrating all the functional areas and themes explored in the Program Core.

Leadership (4.5 credit hours)

  • IDM 7120 - Executive Leadership and Responsibility (3)
  • IDM 7510 - Strategic Leadership and Managing Change (1.5)

Business Themes (1.5 credit hours)

  • IDM 7130 - Contemporary Themes in Business (1.5)

Contemporary Themes in Business focuses on three themes: International and Emerging Markets, Sustainability, and Entrepreneurship and Innovation. These themes also inform the two Leadership courses and the Strategy Capstone Course. Together, they prepare you for the realities of business – and give you a distinct advantage in today’s competitive job market.

Concentrations and Themes

Tailor your MBA to your passion, your experience and the career you want. Half of the program (30 credit hours) is made up of electives, allowing a world of options to customize your program. Focus your studies on two functional areas, two themes, or a combination of area and theme. You can earn up to two concentrations/themes – the choice is entirely yours. Students can obtain a concentration by taking 12 credit hours of electives in that area or theme.

Specialized Concentration:

Financial Analyst

Functional Concentrations:

  • Finance
  • Leadership and Organizations
  • Marketing
  • Supply Chain Management

Themed Concentrations:

  • International and Emerging Markets
  • Sustainability
  • Entrepreneurship and Innovation

Interdisciplinary Concentrations:

  • Health Administration
  • Management of Public Enterprises
  • Individual Interdisciplinary Studies

General Management Option:

  • Choose any combination of Asper MBA electives to suit your personal and professional goals.

An Experiential Course is a mandatory component of each of the three themes. It provides hands-on integrated business-related experience through opportunities such as an international study trip, a domestic industry project, stock market simulation, or launching a business.

*Please note: Not every combination of two themes and/or concentrations may be achieved in any given year/12 month program. GMGT 7210 Strategy constitutes the comprehensive examination. The course must be completed at the University of Manitoba normally in the final term of a student’s program, or once all the course pre- and co-requisites are satisfied.

All students must successfully complete:

  • GRAD 7300 Research Integrity Tutorial (0 credit hours), prior to applying to any ethics boards which are appropriate to the student’s research or within the student’s first year, whichever comes first; and
  • GRAD 7500 Academic Integrity Tutorial (0 credit hours), within the first term of registration;

unless these courses have been completed previously, as per Academic Guide sections 2.5 and 2.6.

Readings Courses and Industry Projects - With the approval of the MBA Program Committee and the academic area involved, a student can choose to undertake an industry (consulting) project or a readings course. The industry projects and readings courses count as three credit hours of elective coursework. Normally, a student is allowed up to two readings courses, two industry projects, or one readings course and one industry project during the program. An industry or readings course proposal must be submitted to a faculty supervisor and the MBA Program Committee for approval prior to registration for the course. Projects and reading courses can normally only be taken within the Asper School of Business, and normally cannot be counted towards a concentration.

No thesis option is available.

Expected Time to Graduate: 1 - 6 years. See 4.4.7 Time in Program.

  • Full Time: 12 months or up to 2 years.
  • Part Time: Take up to six years (the average is three).
  • Exemptions: You may qualify for a number of course exemptions, reducing your program course load and cost, if you:
    • Completed a business or management degree (or economics major) in a recognized university degree program, or courses in another MBA program, within the last five years, or
    • Have certain professional designations within a field where you are active and practicing.

 

Faculty Based M.Sc. in Management Program Information

Students admitted to the M.Sc. in Management degree program will pursue a research-focused degree in one of the departments of Marketing, Finance, Actuarial Mathematics, Business Administration or Supply Chain Management. The M.Sc. program in Management is designed to produce graduates who have an academically more in-depth, rigorous training in their chosen management field than is the case for either B.Comm (Hons.) graduates or MBA graduates. In addition, the program seeks to develop strong research skills to meet the needs of employers as well as to more effectively prepare M.Sc. students for entrance into Ph.D. programs at the University of Manitoba.

Master of Science in Management

Admission Requirements

In addition to satisfying the admission requirements of the Faculty of Graduate Studies found in the Graduate Studies Regulations Section of this calendar, applicants must possess at least a four-year honours (or equivalent) degree from a recognized university in either a) management/business with a major in the same area or a similar area to be pursued in the M.Sc. or b) a degree from another Faculty with a closely related major. Applicants must provide the following prior to admission:

  • A statement of goals and interests;
  • An official transcript of academic record with a minimum grade point average of 3.0 on a 4.5 scale (approximately 70% or a "B") in the last 60 credit hours;
  • A score on a graduate aptitude test, preferably the GMAT, with a minimum score of 550 (GRE will be accepted with a mean percentile score across the three areas similar to the current acceptable percentile level of the GMAT);
  • Three letters of recommendation two of which are from persons who know the candidate’s academic ability.

Application Deadline

Students should complete and submit their online application with supporting documentation (if applicable) by the date indicated in the following table:

Term

Start Date

Canadian/US/International

 FALL

September

February 1

Program Requirements

Minimum program requirements of the Faculty of Graduate Studies are found in the Graduate Studies Regulations Section of this Calendar. The basic program design assumes that students have completed an honours degree or its equivalent. Additional courses may be required subject to the discretion of the advisory committee if it is deemed that the candidate’s preparation is not sufficient in his/her area of specialization. The student’s advisory committee will make recommendations regarding deficient background, and the final program will be approved by the Graduate Research Program Committee.

All students must complete the following course requirements:

A minimum of 18 credit hours, at 7000 level or above, plus a thesis/practicum. This minimum will include:

a) at least 6 credit hours of required graduate level courses in the student’s area of specialization and up to 12 credit hours of optional courses (subject to the approval of the advisory committee) - see area specific requirements below;
b) a thesis or a practicum.

All students must successfully complete:

  • GRAD 7300 Research Integrity Tutorial (0 credit hours), prior to applying to any ethics boards which are appropriate to the student’s research or within the student’s first year, whichever comes first; and
  • GRAD 7500 Academic Integrity Tutorial (0 credit hours), within the first term of registration;

unless these courses have been completed previously, as per Academic Guide sections 2.5 and 2.6.

Business Administration (Industrial Relations/Human Resource Management/Management of Organizations/Organizational Behaviour) Option

  • One of: GMGT 7440 Organizational Theory or GMGT 7410 Organizational Behaviour
  • One of: GMGT 7540 or GMGT 7080 Research Methods, or an equivalent 3-credit hour graduate level course in quantitative methods from another Faculty

Four additional optional courses (12 credit hours) but, among them, students are encouraged to take: 1) an additional research methods course (quantitative or qualitative) and either a statistics or econometrics course and 2) a philosophy of science course.

Marketing Option

Any six credit hours from:

  • MKT 7100 Selected Topics in Marketing
  • MKT 7110 Doctoral Seminar in Marketing
  • MKT 7120 Doctoral Seminar in Buyer Behaviour
  • MKT 7080 Research Design and Methods

Six credit hours of approved research methods coursework at the graduate level.

Additional six credit hours of approved coursework relevant to the chosen area of study.

Supply Chain Management Option

  • OPM 7300 Topics in Advanced Production and Operations (Seminar in Supply Chain Management)
  • OPM 7120 Operations and Supply Chain Management (recommended) - or other graduate level course in Supply Chain Management 
  • MKT 7080 Topics in Marketing: Research Design and Methods (recommended) - or equivalent graduate level course

Optional courses (9 credit hours) - at least three courses relevant to the student's area of specialization at the 7000 level, from inside or outside the Asper School of Business, subject to the approval of the Curriculum Advisory Committee. Graduate level courses are recommended.

Actuarial Mathematics Option

A total of 18 credit hours plus a thesis/practicum are required.

Two of the following 3 credit hour courses are required:

  1. ACT 7540 Advanced Topics in Actuarial Mathematics
  2. ACT 7300 Seminars in Actuarial Science
  3. ACT 7400 Longevity Risk Modeling and Management
  4. ACT 7600 Applied Statistical Methods in Actuarial Science

Plus an additional 12 credit hours are required from the following options:

  • ACT 7050 Readings in Quantitative Methods (varied topics)
  • ACT 7540 Advanced Topics in Actuarial Mathematics
  • ACT 7300 Seminars in Actuarial Science
  • ACT 7400 Longevity Risk Modeling and Management
  • ACT 7600 Applied Statistical Methods in Actuarial Science
  • STAT 7310 Research Tools for Statistics
  • ABIZ 7410 Risk Management
  • FIN 7020 Corporate Finance
  • FIN 7100 Financial Economics

or other 7000 level courses relevant to the Actuarial Mathematics specialization (e.g. Finance, Investments, etc.) as approved by the Curriculum Advisory Committee.

Finance Option

Two of the following courses are mandatory:

Optional Courses (the recommended structure shown below is adjustable depending on the student's background and approval of the student's Curriculum Advisory Committee)

  • Research Methods chosen from Econometrics courses offered at the Graduate level (3 credit hours)
  • At least one of Microeconomics or Macroeconomics offered at the graduate level (3 credit hours)
  • Two optional electives chosen from graduate level courses offered in Finance, Econometrics, Microeconomics or Macroeconomics (6 credit hours)

Expected Time to Graduate: 1-3 years. See 4.4.7 Time in Program.

 

Ph.D. in Management Program Information

The Ph.D. program in Management is designed to prepare individuals for teaching and research careers in universities, or for applied research positions in either the private or public sector.

Doctor of Philosophy in Management

Admission Requirements

In addition to the admission requirements of the Faculty of Graduate Studies found in the Graduate Studies Regulations Section of this calendar, an earned Master’s degree (MBA preferred), and in exceptional cases, a Bachelor’s degree in a management or business discipline from a recognized institution, or a discipline sharing a common origin or a parallel discipline to the applicant’s chosen area of concentration, is required.

Prior to admission, the candidate is to provide the following:

  • A statement of goals and interests;
  • An official transcript of academic record with a minimum grade point average of 3.0 on a 4.5 scale (3.5 preferred), (approximately 70% or a "B") in the last 60 credit hours;
  • A score on a graduate aptitude test, preferably the GMAT, with a minimum score of 600 (GRE will be accepted with a mean percentile score across the three areas similar to the current acceptable percentile level of the GMAT );
  • Three letters of recommendation from persons who know the candidate’s academic ability;
  • Evidence of research and teaching ability.

Admission Deadline

Students should complete and submit their online application with supporting documentation (if applicable) by the date indicated in the following table:

Term

Start Date

Canadian/US/International

 FALL

September

February 1


Program Requirements

The PhD program consists of up to 30 credit hours of courses plus a thesis; 12 credit hours of core requirements (specified by each area) and up to 18 credit hours of other requirements. The Finance option requires up to 27 credit hours of other course requirements, in addition to the 12 credit hours of core requirements. In addition, two zero credit project courses are mandatory for all students. Other requirement courses may be waived based on courses completed in a previous degree (Masters level), while the core and paper requirements must be completed in the Asper PhD program.

All students must successfully complete:

  • GRAD 7300 Research Integrity Tutorial (0 credit hours), prior to applying to any ethics boards which are appropriate to the student’s research or within the student’s first year, whichever comes first; and
  • GRAD 7500 Academic Integrity Tutorial (0 credit hours), within the first term of registration;

unless these courses have been completed previously, as per Academic Guide sections 2.5 and 2.6.

Marketing Core Requirements

  • MKT 7110 Doctoral Seminar in Marketing
  • MKT 7120 Doctoral Seminar in Consumer Behaviour
  • MKT 7080 Research Design and Methods
  • MKT 7100 Selected Topics in Management

Business Administration Core Requirements

  • One of GMGT 7410 Organizational Behaviour, GMGT 7440 Organizational Theory or GMGT 7530 Strategy
  • Three from GMGT 7410 Organizational Behaviour, GMGT 7440 Organizational Theory, GMGT 7530 Strategy, or topics courses in the area of organizational behaviour, organizational theory, strategy, entrepreneurship, international business, industrial relations and human resource management

Finance Core Requirements

Paper courses

  • PHDM 7140 - Management Research Project 1 (0 credit) - pass/fail
  • PHDM 7150 - Management Research Project 2 (0 credit) - pass/fail

Other Requirements

  • One Philosophy of Science course (3 credit hours)*
  • 3 methods or statistics courses (9 credit hours) - Finance students may take up to 6 methods courses (18 credit hours)
  • 2 minor/cognate courses (6 credit hours) - at least one of which must be outside the Asper School - Finance students may take up to 3 minor/cognate courses (9 credit hours)

Students who do not have a previous business degree will be required to also audit at least one (but up to three) breadth courses in different disciplines inside the Asper School (but outside their core area of study).**

* Finance students are exempt from this requirement

**PhD students at the Asper School cannot utilise Asper MBA courses to satisfy any of the program requirements (other than breadth requirements, if needed).

Expected Time to Graduate: 4 - 5 years. See 5.5 Time Limits.

 

Master of Finance

The Asper Master of Finance (MFin) is a CFA Institute University Affiliation Program. It is a comprehensive one-year/three-term program that prepares students to write all three levels of exams needed to obtain a Chartered Financial Analyst (CFA) designation, with a focus on the Level 1 exam. The program has been mapped to align with the CFA Program Curriculum.

Admission Requirements

Admission to the Master of Finance program is based on the following criteria:

  1. At minimum, a three‐year Bachelor degree from a post-secondary recognized educational institution (in any discipline);
     
  2. At a minimum, a 3.0 admission GPA (on 4.5 scale) on the last 60 credit hours of university degree‐level study;
     
  3. Results of the Graduate Management Admissions Test (GMAT), with a minimum score of 550.

    The GRE will be accepted with a percentile score across its components equivalent to the current acceptable percentile level of the GMAT. The percentile score on the quantitative section of the GMAT or GRE examinations must be at the 60th percentile or higher. GMAT and GRE scores must not be older than five years.
     
    NOTE: GMAT/GRE scores are not required for applicants who have successfully passed the CFA Level 1 examination. GMAT/GRE scores are not required for those applicants who have successfully completed a bachelor degree from the University of Manitoba with a minimum 3.25 GPA and who have also:
    Completed FIN 2200 (Corporate Finance) at the Asper School of Business with a minimum grade of B+, within the last five years; or,
    Achieved an average 3.5 GPA across the four Asper finance courses counting toward the finance major requirements within the last five years.

  4. Language proficiency. Applicants holding secondary school diplomas and/or university degrees from Canada, or from one of the countries on the English Language Proficiency Test Exemption list are exempt from the English Language Proficiency Test requirement. If you do not qualify for an exemption, you must provide an official score from one of these accepted tests:

    • IELTS 6.5 (speaking band minimum is 6)
    • TOEFL 86 (internet) - Minimum score of 20 is required in each of reading, writing, listening, and speaking categories)
    • MELAB 80
    • CAEL 60 and 60 on each subject
    • PTE (A) 61%
    • AEPUCE 65%
    • CanTEST - 4.5 in listening and reading; 4.0 in writing and oral interview

    Scores older than two years are not acceptable.
     
  5. Two letters of recommendation from persons who are knowledgeable about the applicant's academic ability.

NOTE: Graduates of the Asper MBA program with a Finance concentration are not eligible to take this program.

Admission Deadlines

Students should complete and submit their online application with supporting documentation (if applicable) by the date indicated in the following table:

Term

Start Date

Canadian/US

International

 FALL

August

May 1

March 1

Applicants who are Canadian citizens/Permanent Residents of Canada with transcripts from universities or colleges in countries other than Canada and the United States are strongly advised to apply at least two months prior to the standard deadlines.

Program Requirements

To complete the Master of Finance degree, students must successfully complete 30 credit hours. Required courses will be taught over the Fall, Winter, and Summer terms, and the program will require 12 months of full‐time study to complete. 

All students must complete GRAD 7500 Academic Integrity Tutorial (0 credit hours). Students newly admitted to a graduate program must successfully complete this course within the first term of registration, unless the course has been completed previously.

The required courses are:

  • ACC 7010 - Accounting Fundamentals (3.0)
  • FIN 7000 - Managerial Economics (1.5)
  • FIN 7020 - Corporate Finance (3.0)
  • FIN 7130 - Alternative Markets and Instruments (1.5)
  • FIN 7140 - Financial Modelling (3.0)
  • FIN 7180 - Behavioural Finance (3.0)
  • FIN 7152 - Investment Policy (3.0)
  • FIN 7080 - International Finance (3.0)
  • FIN 7240 - Readings in Accounting and Finance (3.0)
  • FIN 7260  - Special Topics in Finance/Portfolio Management (3.0)
  • FIN 7260 - Special Topics in Finance/Fixed Income Securities (3.0)
  • MIS 5120 - Spreadsheet Skills for Management (1.0 – AX – Pass/Fail)
  • MSCI 5110 - Basic Quantitative Analysis for Management (1.0 – AX – Pass/Fail)
  • IDM 5120 - Career Development Seminar (1.0– AX – Pass/Fail)

No thesis option available. A part-time option is also available.

Expected Tme to Graduate: 1 year. See 4.4.7 Time in Program.