Illuminate Your Future

2 pacific business news | pacificbusinessnews.com July 27, 2007M a s t e r ’ s d e g r e e s i n b u s i n e s s & M a n a g e M e n t

s p e c i a l a d V e r t i s i n g s e c t i O n

UNIVERSITY OF HAWAI‘I AT MANOA

New Name. New Look. New Programs.Since 1949, the UH Manoa College of Business Administration has educated and grown with our local business

community. In 2006, the College was proudly named the Shidler College of Business after our alumnus Jay H. Shidler. We may have a new name, but we still offer the same level of commitment to providing excellence in higher education

while serving Hawaii’s community.

For more information, please visit our website at www.shidler.hawaii.edu, email [email protected], or call (808) 956-8266.

Full-Time MBA • Part-Time MBA • Executive MBA

Executive MBA-Vietnam • Neighbor Island MBA

Joint JD/MBA • Joint MS in Nursing/MBA

China International MBA • Japan-focused MBA

The only AACSB accredited graduate program in Hawai‘i

www.shidler.hawaii.edu

July 27, 2007 | pacific business news 3M a s t e r ’ s d e g r e e s i n b u s i n e s s & M a n a g e M e n t


AleaderamongU.S.businessschoolsin its focus on the Asia-Pacific region, the Shidler College of Business at theUniversityofHawai’iatManoa(UHM)providesstudentswithanin-depthunder-standing of the best business practices, an awareness of languages and cultures, and asolidcomprehensionofemergingtech-nologies within today’s complex globaleconomic environment. Founded in 1949, theCollegeoffersstudentsawideselec-tion of degree, certificate and high-impact executiveprogramsinauniquemulticul-tural learningenvironmentenhancedbycollaborative learning, research projects, international speakers, internships, and study abroad, career opportunities. In the past several years, U.S. News & World ReporthasrankedtheCollegeamongthetop25U.S.graduatebusinessschoolsforinternationalbusiness.

Cutting Edge MBA Curriculum & New Day MBA Track Starting in the fall of 2007, the new UH MBA curriculum will offer a com-plete range of Full-Time MBA (day), Part-Time MBA (evening), Executive MBA (weekend) programs and otherspecialized MBA programs. All MBAprograms offer the same degree, and are taughtbythesamefacultywiththehigheststandardofquality.Studentscanchooseone that meets their interests, goals, ex-

perience and schedule.The restructuredcurriculum will feature a preparatoryprogram which includes tutorials, online course supplements and help sessions, anoptional full-timesummer internshipprogramandcontemporarycorecoursessuch as communication/leadership, busi-ness ethics, operations and supply chain management, and business, government andinternationalenvironment.

Executive MBA The UHM Executive MBA program is the best choice for truly high potential, experienced professionals seeking ad-vance knowledge, skills, and networking opportunities to revitalize their careers.Working managers and professionals can earn an MBA degree in just 22 months withclassesheldeveryTuesdayeveningandalternatingSaturdays.Thisscheduleprovides flexibility on participants’ work responsibilitiesandprovidesmore timebetween classes to prepare and absorbthe class material. The integrated, mod-ern curriculum incorporates core busi-ness practices while also focusing oninformation technologies, entrepreneur-ship, e-business, and Asia-Pacific and global strategies. The UHM Executive MBA program will prepare executivesand professionals for a high-profile lead-ership position in today’s fiercely com-petitiveworkenvironment.

Custom Designed Executive Programs

Since 1954, the College has been creating custom-designed executiveeducation programs for many U.S. andinternationalorganizations.Custompro-gramsaretailoredtosuitorganizationalneedsandrangefromhalf-dayseminarstomulti-yearintegratedcourses.Longerprograms combine business and cross-cultural topics, cultural visitations and intensivelanguagetraining.UHM’scus-tom-designedprogramsaddressachang-ing business environment that often re-quiresnewapproaches.

Introducing the China International MBA Set to begin Fall 2007, students inter-estedindoingbusinessinorwithChinahave the opportunity to live, work, and studyinChinaduringtheirsecondyearof MBA studies. In partnership with SunYat-SenUniversitySchoolofBusi-ness in Guangzhou, China, the Shidler College of Business offers a 21-monthprogram designed to prepare businessprofessionals and entrepreneurs for anexcitingcareerininternationalbusiness.

The Only AACSB Accredited MBA Program in the State of Hawai’i AlldegreesofferedbytheShidlerCollege of Business are accredited byAACSB International – The Association toAdvanceCollegiateSchoolsofBusi-ness, the premier national accrediting agency for schools of business and ac-counting. The AACSB International accreditation is the highest standard ofachievementforbusinessschoolsworld-wide, and is a hallmark of excellence in managementeducation.

Internationally Renowned Faculty TheShidlerCollegeofBusinessfac-ultyisadiversegroupofinternationallyaccomplished researchers and highlyrecognized teachers, holding doctoral degrees from Columbia, Carnegie-Mel-

lon, MIT, Stanford, Purdue, Harvard, and other major universities. Our faculty’s internationalexperienceandbusinessre-search in the Asia-Pacific region provide an exceptional learning experience forstudents.

Best Place to Study International Business The Shidler College of Business ishome to approximately 1,800 students – one-third graduate and two-thirds un-dergraduate students. Our significant for-eignandU.S.mainlandstudentpopulationcombinedwithournationally recognizedresource centers and top-ranked interna-tional business program make the UHMShidler College of Business simply thebestplacetostudyinternationalbusiness.

University of Hawai‘i at Manoa Shidler College of Business: Creating Global Business Leaders

DEGREE PROGRAMS

Bachelor of Business Administration (BBA)Full-Time MBA (Day)Part-Time MBA (Evening)Joint JD/MBAJoint MS in Nursing MBANeighbor Island MBAExecutive MBAExecutive MBA in VietnamChina International MBAJapan-focused MBAMaster of AccountingMaster of Human Resource ManagementPhD in International Management

CERTIFICATE PROGRAMS

Custom Executive Education ProgramsExecutive Accounting ProgramPAMI Certificate in International EntrepreneurshipPAMI Certificate in International ManagementUH CFP Certificate Professional Program

For more information on our graduate and executive programs, please call 956-8266, email [email protected] or visit www.shidler.hawaii.edu.



It is no secret that a graduate degree’s value can be reflected in the bearer’s higher income or the likelihood that

she or he is better positioned for ad-vancement opportunities. Yet experts in Hawaii’s graduate programs agree there is much more value to a master’s degree than increased earnings and upward mo-bility. Michael Fassiotto, assistant to the pro-vost for graduate studies at Chaminade University sees four primary reasons for pursuing a master’s degree: marketabil-ity, earning potential, widening one’s per-spective and personal fulfillment. Research by the Graduate Manage-ment Admission Council, indicates that well over half of part-time (57 percent), full-time (69 percent) and executive (66 percent) MBA alumni reported being extremely or very satisfied with their in-creased earning power. According to GMAC, satisfaction with greater career options afforded by an advanced degree is high, ranging from 75 percent, 80 percent and 87 percent for part-time, full-time and executive MBA alumni respectively. GMAC reports that not only students, but organizations that support them also benefit from advanced degrees with com-panies gaining return on their initial MBA

sponsorship investment in 17 months on average. “With a four-year degree now consid-ered a standard norm, a master’s degree makes you more competitive,” says Lisa Parker, interim graduate program chair-woman at Argosy University. “A graduate level degree has both eco-nomic and social value and that’s some-thing no one can take away from you,” Parker says. Along with a higher skill set and greater self-esteem, a master’s degree can help position students and professionals for future work as a consultant or faculty member, Parker notes, quipping, “The worst thing that can happen is that you get an education.” Chaminade’s Fassiotto observes that many pursue a master’s degree to im-prove their lives or change careers, but

confesses another consideration is simply because it’s fun. “You say to yourself, ‘Gosh, I’m really doing something,’” Fassiotto says. For older students (the average age of a graduate student at Chaminade is 32), taking on a master’s program is seen as the gateway to career advancement, but Fassiotto says one should not lose sight of how a master’s degree allows a person to think and look at things differently. “The value of a master’s degree can be judged, in part, by how much it allows one to become a better thinker,” Fassiotto says, adding, “an MBA, or any master’s program, is going to broaden your scope and teach you to deal with problems in a multi-dimensional way.” Increased technical knowledge, a bet-ter grasp of one’s field and an expanded perspective all make a master’s so much

more than just a degree, Fassiotto says. It is this exposure to new concepts and the chance to break out of traditional functional boundaries that accompany a master’s degree that Charles Steilen, dean of Hawaii Pacific University’s Col-lege of Business Administration, sees as an asset. “In our executive MBA program, a student may be seated next to 20 other people from very different industries, but they are all going through the program together,” Steilen says. That exposure to people and ideas rooted in seemingly completely unrelated backgrounds often reveals that they do, in fact, have a great deal in common. Steilen adds that integration and exe-cution are critical to successful MBA pro-grams and that greater emphasis is being put on application through, among other things, live case studies that he believes will benefit both the business community and the graduate students. At the University of Hawaii at Manoa’s Shidler College of Business, the focus is on international business, earning the school ranking among the nation’s top 25 colleges for international business, ac-cording to Shidler College of Business graduate program Director of Marketing Cindy Hsu.

MBA programs expand horizons, boost careers

Continued on Page 9

“A graduate degree enhances career mobility as it trains individuals to become future CEOs and CFOs who are able to manage many different facets of business.”

Cindy HsuDirector of MarketingGraduate Program, Shidler College of Business

By Jon Letman

… can result in expanding your wallet.



July 27, 2007 pacificbusinessnews.com | pacific business news 7M a s t e r ’ s d e g r e e s i n b u s i n e s s & M a n a g e M e n t


Hawai‘i Pacific University’s Master of Business Administration (MBA) offers the ideal balance of leading busi-ness and management theory, modern computer technology, and opportuni-ties for practical application. Through core courses, concentration options, electives, two capstone courses, and an optional internship, graduate students gain a solid foundation in modern business and management principles. Whether you are a seasoned profes-sional or a recent graduate, HPU offers a variety of different MBA formats that meet your individual needs.

Executive MBA The new Executive MBA program at Hawai‘i Pacific University is designed for business professionals interested in acquiring the knowledge, skills, and attitudes that will move their organi-zation forward. In addition to building upon skills such as problem solving, leadership and strategic thinking, this innovative program teaches participants how to directly impact their company’s bottom line. Students are taught how to increase revenue, better manage costs, and increase productivity by working on real business scenarios, rather than

the typical case studies other MBA programs may utilize. The program trains professionals to look beyond the problem – to see the big picture. Topics dealing with how to bring about organizational change and new ways of looking at business problems form the core of the program. Courses are structured to create a learning environment that offers students a chance to identify realistic oppor-tunities for local companies, create realistic plans for maximizing the opportunities, and receive feedback not just from professors, but company CEOs. The MBA program at HPU, Hawai‘i’s only Executive MBA of-fered in an 18-month accelerated weekend format, encourages students to apply real-world solutions to real-world problems.

Flex MBA Hawai‘i Pacific University offers another option for aspiring nontradi-tional MBA students who have busy personal and professional lives. HPU’s Flex MBA provides a tailor-made for-mat for students who need flexibility in pursuing an MBA degree. The Flex MBA allows students to switch be-tween full-time and part-time study, attend evening, day, or weekend class-es, or take online courses. Flex MBA students meet with a personal advisor to plan their schedule and arrange a convenient payment plan. Students also have a choice of seven start dates throughout the year.

12-Month MBA The 12-month MBA is designed for full-time students who have completed an undergraduate business degree or have satisfied the necessary business prerequisites at an accredited college or university. The program consists of 42 semester hours of full-time study with a fall entry only. The student’s graduate education is divided into four terms (fall, winter, spring, and summer) and offers a distinctive combination of theory and practice. Students are pro-vided with multiple opportunities for study across a variety of fundamental

areas. Concentrations are not avail-able in this 12-month MBA program, instead, 9 semester hours of electives are required that will enable students to tailor the curriculum to address specific long-term career goals.

Full-Time MBA HPU’s full-time MBA program is an excellent opportunity for students to immerse themselves in a dynamic learning environment for two exciting years. The 24-month format is ideal for students without a business degree, because it allows time for students to complete all the necessary prerequisites and then make a seamless transition into the MBA program. Students pos-sessing all the required prerequisites can actually shorten the program to just 18 months.

Hawai‘i Pacific University: MBA Options For Your Individual Needs

Areas of ConcentrationBecause each MBA participant possesses varying career interests and goals, HPU students in the Flex MBA and full-time MBA programs can decide which elective courses they wish to pursue from twelve different areas of concentration.

The concentrations are:

• Accounting/CPA• Communication• E-Business• Economics• Finance• Human Resource Management• Information Systems• International Business• Management• Marketing• Organizational Change• Travel Industry Management

For more information on how to apply for HPU’s MBA or other graduate programs, please contact the Center for Graduate and Adult Services at (808) 544-1135 or e-mail [email protected]. You can also check out the Web site at www.hpu.edu/mba.



School nameAddressWeb site

MBA directorTitle

MASTER’S OF BUSINESS ADMINISTRATION PROGRAMSRanked by 2006 enrollment

THE LIST

Tuition Accreditation

Rank(Priorrank)

PhoneFax Avg. student age

Programs offeredEnrollment

Avg. completion timeYear MBA programestablished in Hawaii

University of Hawaii, Shidler College of Business2404 Maile Way, Honolulu, HI 96822www.shidler.hawaii.edu

David YangInterim Associate

Dean for Programs

553

28

24 months $454/credit hour(resident)

Part-time evening, full-time day 1, executive,Vietnam, Neighbor Island, Japan- and China-focused,

Joint JD/MBA, Joint MS in nursing administration/MBA

AACSB International, WASC

1111(1)

(808) 956-8266

(808) 956-98901949

Hawaii Pacific University1164 Bishop St., Suite 911, Honolulu, HI 96813www.hpu.edu/mba

Charles SteilenDean, College of Business

543

29

21 months $560/credit hour

Day, evening, weekend, executiveand military programs

WASC

2222(2)

(808) 544-1120

(808) 544-02801986

University of Phoenix, Hawaii Campus827 Fort Street Mall, Honolulu, HI 96813www.phoenix.edu

Gene ShofnerSenior Director/Director

of Academic Affairs

138

38

29 months $480 - $612/credit hour

Online and classroom instruction

Higher Learning Commission of the North CentralAssociation of Colleges and Schools

3333(3)

(808) 536-2686

(808) 536-38481993

Chaminade University of Honolulu3140 Waialae Ave., Honolulu, HI 96816www.chaminade.edu

Scott SchroederDean

101

34


Evening, on-campus, off-campus,online and military programs

WASC

4444(4)

(808) 739-4612

(808) 735-47341974

Wayland Baptist University99-808 Kauhale St., Suite D14, Aiea, HI 96701www.wbu.edu/hi

Cielo GonzalezGraduate Programs

Coordinator

35

36


Full-time, part-time, evening and online programs

Commission on Colleges of the Southern Associationof Colleges and Schools

5555(6)

(808) 488-8570

(808) 488-85762003

JAIMS (Japan-America Instituteof Management Science)6660 Hawaii Kai Drive, Honolulu, HI 96825www.jaims.org

Blair OdoChief Operating Officer

22

28

21 months $31,000/program

Full-time Japan-focused program(in partnership with UH-Shidler College of Business)

AACSB International; WASC (through UH-ShidlerCollege of Business)

6666(5)

(808) 395-2314

(808) 396-71121990

Argosy University/Hawaii1001 Bishop St., ASB Suite 400, Honolulu, HI 96813www.argosyu.edu

Lisa ParkerInterim Graduate

Program Chair

10

31


Evening, weekend, online, blended (online/on-site) courses;concentrations in finance, health-care administration,

international business, management, marketing

Higher Learning Commission of the North CentralAssociation of Colleges and Schools

7777(7)

(808) 536-5555

(808) 536-55052004

National University629 Pohukaina St., Suite 202, Honolulu, HI 96813www.nu.edu

Wali MondalDean,

School of Business

4

35


Over 10 MBA specializations available online

IACEB, WASC

8888(8)

(800) 628-8648

NA2004

Researched by Cynthia [email protected] | 955-8037

Notes: AACSB: Association to Advance Collegiate Schools of Business; IACEB: International Assembly for Collegiate Business Education;WASC: Western Association of Schools and Colleges. 1Program available fall 2007. All schools are private except for the University of Hawaii.Information on this list was supplied by schools through surveys and telephone interviews.



“A graduate degree enhances career mobility as it trains individuals to be-come future CEOs and CFOs who are able to manage many different facets of business,” Hsu said. With the ever-accelerating rate of change in an increasingly high-tech global economy, Hsu argues more com-panies want employees to be cross-functional and have an MBA. Hsu agrees that a master’s program is so much more than what is learned in the classroom. She points to the op-portunity to network on par with other highly motivated people, citing ex-amples of students who start up a new business with classmates they met at grad school. As the only school in Hawaii ac-credited by the Association to Advance Collegiate Schools of Business, Shidler College of Business offers Japan- and China-focused MBA programs as well as a Vietnam-focused executive MBA program. In response to increased demand for graduate degrees in the Asian-Pacific

Rim, Shidler will begin to offer new programs this fall (a full-time China international MBA and a U.S. interna-tional MBA for Chinese nationals).

“Here at UH and Shidler, we see ourselves as a bridge and crossroads between Asia and the West,” Hsu said. With enrollment in its MBA programs

up 16 percent from the previous year and further anticipated growth, Hsu sees greater interest in Shidler’s varied MBA programs as proof of the thirst for advanced education and recognition of a master degree’s value. And just as professional growth and greater opportunities cannot be ignored, neither can the value of self-enrichment and the curiosity about the world that is fueled by graduate studies, says Steven Reid, dean at Wayland Baptist Univer-sity Hawaii. “The real aim and value of a mas-ter’s degree is gaining new options and learning what people from different backgrounds think,” Reid says. Reid also indicates high value in the small class size of graduate pro-grams (Wayland classes average 12-15 students) that allow for more di-rect interaction between instructors and students. “Possessing a master’s degree in any field shows a certain maturity and so-phistication along with the desire to im-prove oneself,” Reid says, “and that is what opens doors.”

From Page 4

MBA programs expand horizons, boost careers



Vital InformationTypes of MBA programs offered:

Business-related masters programs:

Average post-graduate starting salary:

Online MBA available?

Average class sizes:

Courses needed before you can start the MBA program:

Full-Time MBA : 16 – 21 monthsPart-Time MBA: 30 – 36 monthsJoint JD/MBA: 48 monthsJoint MS in Nursing/MBA: 36 monthsNeighbor Island MBA: 36 monthsExecutive MBA: 22 monthsExecutive MBA in Vietnam: 24 monthsChina International MBA: 21 monthsJapan-focused MBA: 21 monthsUS International MBA: 18 months

- Master of Accounting (MAcc)- Master of Human Resource Management (MHRM)- Ph.D. in International Management

Information not currently available

The UH Manoa Shidler College of Business offers a distance Neighbor Island MBA. Some elec-tive courses for the MBA may be completed online.

15 - 25 students The pre-term program ensures that first-year students share a common knowledge base via tutorials in basic skills (statistics, accounting, finance, economics, math, etc.).

UHM Shidler

College of Business

Wayland’s MBA program is a 37 hour, non-thesis program designed to be completed in as little as 18 months. Students can take classes either FT or PT. Classes are offered in the evening and online through our Virtual Campus. Specialization options include General MBA, Health Care Administration, Human Resource Management, & Management.

-Masters of Arts in Management (MAM) Specializations in Health Care Admin-

istration Human Resource Management Organizational Management Psychology-Master of Public Administration (MPA)-Master of Education (MEd) Specialization in Human Resource

Difficult to calculate as many of our students are currently with the military or already in their professional careers.

The MBA program can be completed through a combination of online and in-class courses. The MAM and MPA programs are available 100% online.

10 - 15 studentsCourses Needed Before you can Start the MBA Program:The MBA program requires 8 under-graduate leveling courses. If a student has not taken them prior to entry, they will not be denied admission, but the courses must be completed in the beginning of the MBA program.

Wayland Baptist

University

Schools:

MBA – 18-24 monthsFlex MBA – Average 36 months12-month MBA – one yearExecutive MBA – 18 months Joint Degrees: MBA/Master of Science in Information Systems (MSIS); MBA/Master of Arts in Human Resource Management (MAHRM); MBA/Master of Arts in Orga-nizational Change (MAOC); MBA/Master of Arts in Global Leadership (MAGL); MBA/Master of Science in Nursing (MSN); MBA/Master of Arts in Communication (COM).

- Master of Science in Information Systems (MSIS)- Master of Arts in Human Resource Management (MA/HRM)- Master of Arts in Organizational Change (MA/OC)- Master of Arts in Global Leadership (MA/GL)- Master of Arts in Global Leadership and Sustainable Development (MA/GLSD)

HPU offers the Master of Arts in Organizational Change completely online; The MBA program can be completed with a combination of online and in-class courses.

20 studentsAccounting 1, Accounting II,Finance, Intro to business,Intro to computer information systems, Information management,Macro or micro economics, Managerial economics, Marketing management, Pre-calculus, Statistics

Though prerequisites are required prior to taking core MBA classes, they can be completed once enrolled, and will not prevent candidates from gaining entry into the program.

HawaiiPacific

University

$78,000

Only the MBA is offered. Most students in the MBA program are fully-employed professionals who don’t typically seek new employment at the completion of their degrees.

Selected courses are available online.

15 StudentsThe MBA program admits students with a wide variety of undergraduate majors and professional backgrounds. Students without prior coursework in financial accounting and quantitative methods are required to take foundation courses in those areas at the beginning of their MBA programs.

ChaminadeUniversity

Chaminade offers an evening MBA program with specializations available in accounting, finance, human resource management, leadership, public sector management, and not-for-profit management. Students may also tailor a specialization to meet their specific professional development needs. Students may be able to complete the MBA program in 18 months.



MBA PROGRAMS

Accounting MBAGet a head start on your accounting career, with Chaminade’s innovative classes and complimentary CPA review course.

Not-for-Profit MBAMove forward by giving back. Learn from some of Hawaii’s top not-for-profit leaders about how business and community intersect.

MBAThe smart choice for Hawaii’s professionals . Gain the knowledge and leadership skills to advance your career in today’s business world.

Public Sector MBAWhere business and government meet. Explore a career that offers growth, job security, and a real opportunity to make a difference.

(808) 739-4612 • [email protected]

www.chaminade.edu/admissions/grad

Good Business for Hawai‘i...and You.

The business world is constantly evolving, and successful management involves keeping abreast of trends and demands. Chaminade University is preparing graduates to meet these demands. “So many of our students are also business professionals,” notes Scott Schroeder, Dean of the School of Business. “We keep that in mind as we shape our MBA programs. Courses are designed to address the corporate realities executives face today and prepare them for leadership roles. And our programs are structured to accommodate our students’ busy lives.” Four different concentrations of study—Leadership, Accounting, Not-for-Profit management, and Public Sector management—give students a way to tailor their education to meet their career objectives. Admission dates and class schedules provide convenience and flexibility. And courses are leading-edge, some of them completely unique to Hawai‘i.

Tune to Career Growth One of the more distinctive program offerings is Chaminade’s Accounting MBA. “Accounting today offers an expanding job market and rising salaries—a smart career choice,” says Schroeder. Students can simultaneously earn their degree and fulfill the academic requirements for the CPA examination. The Chaminade MBA is the only program in Hawai‘i to offer a complimentary CPA review course for its students. Also unique to Hawai‘i are the Not-for-Profit and Public Sector MBA concentrations. These programs are opening doors—and minds—to new

business concepts. Moya Gray, Executive Director of Volunteer Legal Services Hawai‘i, says, “Having been a director in both the public and the non-profit sectors, I really value the skills that Not-for-Profit and Public Sector MBAs bring to the table. Because the non-profit sector in Hawai‘i is experi-encing rapid growth, organizations such as ours want to hire people with the full component of non-profit skills and a strong sense of social

responsibility that will take our company to the next level of performance.”

Convenience and Success Through evening course offerings, convenient quarterly enrollment, and small class sizes, led by professors with real-world connections and experience, Chaminade is making it easier than ever for professionals to pursue their MBA without putting their careers or their lives on hold. Chaminade graduates hold management or executive positions in virtually every industry in Hawai‘i. Ask Chuck Kelley, President of Outrigger International Travel. “The program’s flexibility made it possible for me to work toward my MBA while maintaining a demanding career and raising my kids,” says Kelley. “Chaminade delivers the right combination of business knowledge and management skills needed to move your career ahead.”

Chaminade’s MBA Programs Offer Tools for Career Advancement

Dr. Scott SchroederDean

School of Business

Chuck KelleyChaminade MBA,

Class of 2002

For more information on Chaminade's MBA programs, go to www.chaminade.edu or call 739-4612

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