FAQs

Many prospective MBA@UNC students have questions about our program and its admissions policies and procedures. We've listed some of the most common ones here. If you need details and information not provided on this page, please feel free to contact us.

General FAQ

Admissions FAQ

Financial Aid FAQ

General FAQ

How is MBA@UNC different from other MBA programs?

MBA@UNC is an innovative online MBA program from top-ranked UNC Kenan-Flagler Business School. MBA@UNC features the same rigorous curriculum as the on-campus programs, and students earn the same UNC Kenan-Flagler MBA. Courses are delivered in a live, virtual classroom by UNC’s world-renowned faculty.

It is designed for working professionals seeking to develop their leadership skills and build a global network who prefer the flexibility or learning style provided by a program primarily offered online.

Through the use of innovative technologies and real-world immersion experiences, MBA@UNC blends the flexibility of an online program with the rigor and quality of an on-campus experience. Our live classes have a faculty-to-student ratio of just 1:15, which creates an intense and rich learning environment.

BACK TO TOP

How is this program like other UNC MBA programs?

MBA@UNC graduates earn the same prestigious MBA degree as graduates of UNC’s traditional full-time MBA program. MBA@UNC students experience the same top-caliber education, including many of the same classes, projects and professors.

BACK TO TOP

Who will my classmates be?

Your MBA@UNC network will be comprised of global professionals living and working around the world. We look for candidates with strong professional and academic backgrounds who can thrive in UNC’s collaborative, team-based environment. We apply the same rigorous admissions standards to MBA@UNC that we require of our other MBA programs.

BACK TO TOP

When will classes begin?

A class will start each quarter: July, October, January & April. Visit our website for cohort start dates and application deadlines.

BACK TO TOP

How long will I take to complete my degree in MBA@UNC?

Students entering MBA@UNC by taking two courses per quarter will complete the program in 24 months. Students have the flexibility to complete the program in as little as 18 or as many as 36 months.

BACK TO TOP

May I take electives or declare a concentration?

MBA@UNC is designed to provide aspiring leaders with the strong general management and leadership curriculum required to propel them to the next level in their careers. In addition, students may customize their MBA@UNC experience by pursuing a concentration in one of the following fields: Corporate Finance, Entrepreneurship, Global Supply Chain Management, Investment Management, Management Consulting, Marketing, or Sustainable Enterprise. Learn more about concentrations.

BACK TO TOP

What’s required of students who take an MBA@UNC course?

Each course is designed and delivered by a UNC Kenan-Flagler professor and requires:

  • Preparation outside of class, including teamwork and assignments that may include readings, cases, projects and papers.
  • Lectures and delivery of new information in an asynchronous format.
  • Weekly virtual meetings in a synchronous format, offered to small groups of 10-15 students led by faculty instructors. This may include case discussions, role plays, breakout groups and other discussions to drive learning.
  • Quarterly three-day immersion weekends. Students will be responsible for completing all coursework for the immersion weekends, and are required to attend at least two over the duration of the program.

BACK TO TOP

Is MBA@UNC delivered completely online?

A key component of MBA@UNC is the in-person global immersion experience. At the end of each quarter, a face-to-face, three-day immersion is offered in locations around the world. In addition to class meetings, immersions also present opportunities for leadership development, career planning, peer networking and exposure to the local business environment.

MBA@UNC students are invited to all immersions but are required to attend two immersions during the course of the program. Room, board and program costs for four immersions are included in the MBA@UNC tuition. Students are responsible for their own travel expenses.

BACK TO TOP

How much time should I expect to dedicate to MBA@UNC?

This is a rigorous program for highly-motivated professionals. In addition to the weekly synchronous class sessions, expect to dedicate approximately 10 hours per week per class for study time, preparation and asynchronous sessions.

BACK TO TOP

What type of career support is provided to MBA@UNC students?

Whether you want to grow within your company, prepare to retire from active military service and enter the civilian working world, explore future career opportunities, plan for an overseas assignment, or build your professional network, MBA@UNC can help you achieve these goals.

Leadership development and career support are integral parts of MBA@UNC. The program includes resources to support one-on-one career consultation, job search services, career management education and online resources, and lifelong alumni career support. The program does not include centralized recruiting and interviewing.

Learn more about Career Management and Leadership Development >

BACK TO TOP

Learn More About MBA@UNC

Admissions FAQ

What are the requirements for admission?

UNC Kenan-Flagler seeks students whose academic background, professional experience and leadership abilities meet the rigorous demands of our top-ranked programs. We look for candidates with strong professional and academic backgrounds who can thrive in our collaborative, team-based environment.

BACK TO TOP

Is work experience required?

We require MBA@UNC applicants have a minimum of two years professional work experience. We value advanced degrees, but they are not a substitute for work experience.

BACK TO TOP

Is an undergraduate degree required?

You must have a bachelor's degree. International candidates must have a college-level education equivalent to an American undergraduate or baccalaureate degree (the same as a first university degree). Generally this is a 4-year degree. There are a number of universities around the world that offer 3-year undergraduate programs. If you received a bachelor's degree upon completion of one of these 3-year undergraduate programs, you are eligible to apply to our program.

BACK TO TOP

Do I have to take the GMAT?

MBA@UNC's testing requirement is based on the applicant's number of years of professional full-time work experience as a general policy. However, the Admissions Committee will consider, on a case-by-case basis, GMAT waiver requests for the MBA@UNC program. Please note that no GMAT/GRE waiver is automatic and an approved waiver request does not guarantee admission to the program. To learn more about requesting a waiver, visit our GMAT/GRE Waiver Policy.

Our school code for the GMAT test is D40.HL.07 and the GRE test is 0024. TOEFL, IELTS or PTE Academic is required for applicants for whom English is not the native language. Our school code for these tests is 5816. You do not need to submit a TOEFL, IELTS or PTE score if:

  • You earned an undergraduate or graduate degree at a U.S. college or university
  • You total education was conducted in English in a native English-speaking country
  • You earned an undergraduate degree or graduate degree from India. We will request test scores from some Indian candidates as needed

BACK TO TOP

Can I request that my transcripts be sent electronically?

Many schools issue transcripts electronically, either through their own web services or through vendors. If this option is available through the institutions you attended, please specify that your transcript(s) be sent to applicationservices@onlinemba.unc.edu or select University of North Carolina, Online MBA if listed as an option through a vendor. This will expedite the delivery of your transcript(s) and the completion of your application.

BACK TO TOP

Is an interview required?

An interview is required for admission into the program. Interviews will be conducted via video conference, using a basic webcam like the type integrated into most laptop computers.

BACK TO TOP

Are there any prerequisite courses?

Basic business knowledge is required. You will need to understand basic accounting, statistics, finance, and economics principles. You also need to be proficient in Microsoft Word, PowerPoint and Excel.

BACK TO TOP

What is required in the application?

The application for MBA@UNC is available for completion online. In addition to basic information, you will be required to submit essays, professional recommendations, all undergraduate and graduate school transcripts and your test scores. The online application instructions will guide you through this process, and our admissions counselors are available to answer your questions.

BACK TO TOP

Do you accept transfer credits?

All UNC Kenan-Flagler MBA programs require students to complete the entire program; transfer credits are not accepted.

BACK TO TOP

You may also connect with us by email or phone:
For admissions questions:

OnlineMBA@unc.edu
1.888.9UNC.MBA

You can join the MBA@UNC conversation online.
Check out our social media sites to receive the latest updates on program details and admissions. Learn more about UNC Kenan-Flagler's culture, students, alumni, faculty and staff.
Facebook | Twitter | Google+ | Linkedin | Youtube

Learn More About MBA@UNC

Financial Aid FAQ

What are the tuition and fees for MBA@UNC?

For MBA@UNC students starting the program in academic year 2015-2016 (July 2015 – June 2016), MBA@UNC tuition will be $1,510.23 per credit hour. Tuition is charged per credit hour; MBA@UNC is a 66 credit hour program. Students starting the program July 2015-June 2016 can expect to pay at least $99,675 for the entire program, with a moderate increase in tuition and fees expected each academic year. MBA@UNC tuition includes student fees, simulations, assessments, technology platform licensing and support, global immersions and some academic materials. Text books are not included. You are required to attend two global immersions to meet core course graduation requirements, and you may earn elective course credit for two additional immersions. Immersions are worth one credit hour each and are billed at the credit hour rate in effect during the registration period for that immersion (transportation to and from the immersion location is not included in tuition).

Students who wish to attend more than four immersions may do so, however you will only receive course credit toward graduation requirements for the first four immersions you attend.

BACK TO TOP

What are my financing options?

Student loans: All students can be considered for student loans to cover tuition for MBA@UNC. UNC Kenan-Flagler has a student loan officer who provides dedicated assistance to applicants. International applicants are not eligible for Federal student loans. Learn more about student loans at MBA@UNC.

Fellowships: Merit fellowships will be awarded to a limited number of students in each entering class at MBA@UNC.

Corporate sponsorship: Some companies provide employees with an educational benefit, whereby they pay all or part of tuition expenses. Preparing a request for corporate support might help to gain support. We are happy to share information and guidance to help you make such a request.

Veterans Benefits: MBA@UNC is an approved program for students receiving military education benefits. Learn More.

BACK TO TOP

Will I know what my financial aid award is before I have to submit an enrollment deposit?

We hope to provide you with full financial aid information as soon as possible; however, the process may not be complete prior to the enrollment deposit deadline. U.S. students should be eligible to borrow the maximum Federal Direct Loan amounts, provided they meet the basic eligibility requirements. Students can also review the additional loan options to determine the best program for covering the remaining amount of their estimated cost of attendance. International applicants are not eligible for Federal student loans.

BACK TO TOP

How will I be reimbursed for the enrollment deposit I submit?

All enrollment deposits are credited to the first quarter's tuition payment and are non-refundable.

BACK TO TOP

How will my employer contribution toward tuition affect my loan eligibility?

Students receiving partial tuition coverage through their employer may borrow the difference between the total Cost of Attendance and the amount of their employer contribution.

BACK TO TOP

When can I begin the student loan application process?

Student loan applications will not be processed until you are admitted to the program, but you can begin the process at any time by completing the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov.

BACK TO TOP

How do I know what the terms and conditions of student loans are?

Download our MBA@UNC Student Loan document for more information.

BACK TO TOP

Do I have to borrow the maximum loan amounts?

No. Students can borrow as much or as little of the maximum loan amounts available to them.

BACK TO TOP

How do I apply for a fellowship?

Your application for admission serves as the application for fellowships. There is no separate application for these awards.

BACK TO TOP

How would a fellowship affect my loan eligibility?

A student's fellowship amount will reduce her/his tuition balance and is normally credited equally over all payments. The reduction to the tuition amount proportionately reduces the student's loan eligibility.

BACK TO TOP

How is tuition billed?

Tuition bills are processed through the Office of Student Accounts; however, any specific questions about your tuition charges should be directed to the MBA@UNC Registrar.

Total program cost = $99,675

  • Tuition is billed on a per credit hour basis
  • Each credit hour costs $1,510.23

Sample Schedules:

ENROLLMENT COST
MBA 730 Financial Accounting (4 credit hours) $6,040.92
MBA 740 Marketing Strategy (4 credit hours) $6,040.92
Total $12,081.84
ENROLLMENT COST
MBA 700 Analytical Tools (4 credit hours) $6,040.92
MBA 804C Management Communication
(4 credit hours)
$6,040.92
MBA 892 Immersion (1 credit hour) $1,510.23
Total $13,592.07
ENROLLMENT COST
MBA 801 Developing Managerial and Leadership Skills
(4 credit hours)
$6,040.92
MBA 892 Immersion (1 credit hour) $1,510.23
Total $7,551.15

 

  • Tuition is billed on the 15th of the month prior to each quarter
  • Tuition is due on the second Tuesday of the month that each quarter starts

Financial aid is disbursed directly to the Cashier's Office and student loan funds will be credited directly toward any outstanding tuition balance due.

BACK TO TOP

Is my tuition tax-deductible?

Please consult your accountant or tax advisor for specific advice. IRS Publication 970 provides basic information about the tax benefits for education. UNC Kenan-Flagler's Financial Aid Assistant Director is not a trained accountant and, therefore, is unable to answer tax questions.

BACK TO TOP

Do I have to be full-time to receive financial aid?

No, but in order to be eligible for Federal loan funding, students must be enrolled in at least 4.5 credits per university semester (please note that two quarters [July/October and January/April] are the equivalent to one university semester).

BACK TO TOP

Learn More