Consciousness-Based EducationAccredited

An accredited non-profit university with on-campus and online degree programs >

Founded by Maharishi Mahesh Yogi

A non-profit university with on-campus and online degree programs

Home of Consciousness-Based Education

Accreditation: Higher Learning Commission

Visit Us > Apply Now > Request Info >
Founded by Maharishi Mahesh Yogi

A non-profit university with on-campus and online degree programs

Home of Consciousness-Based Education

Accreditation: Higher Learning Commission

Request Info > Apply > Visit Us >
Request Info > Apply > Visit Us >

America's only MBA program with:

Next entry for this program: Oct 2023Apply Now >
Next entry:
Oct 2023Apply
Now >
Request
Info >

Study on our safe campus

Your first eight months are spent studying on our safe and friendly US campus. We are located in Fairfield, Iowa, five hours from Chicago.

Sampling of the companies that have hired our students

Paid practical training in US companies

After eight months on campus, you’ll be placed with a US company to become a professional in the field through 2-3 years of paid practical training, called Curricular Practical Training (CPT). During this time, you’ll continue your MBA studies through online courses.

During CPT, students earn an average of over US$80,000 per year – 97% of our students are being placed in US companies.

suresh-sharma

“The courses at MIU expanded my horizons, intellectually, spiritually and professionally. Now, along with my MBA degree, I am a licensed CPA and Controller for a global company.”

— Suresh Sharma; CPA, Controller, Global ID Group, Inc.

Choose your specialization

MBA in Enterprise Resource Planning (ERP/SAP) for Professionals

Our MBA in SAP ERP for Professionals will deepen your knowledge of business processes using enterprise software, and develop your skills in business analytics and business intelligence. You’ll employ state-of-the-art methods for organizing information, gaining insights, and making predictions.

This program will prepare you to become a corporate business/data analyst, accounting manager, financial controller or SAP consultant through hands-on study.

SAP University Alliance Member

MBA in Accounting for Professionals

Our MBA in Accounting for Professionals emphasizes US accounting practices and will prepare you for a career as an auditor or consultant with a CPA (or chartered accountancy firm).

You’ll develop skills in a variety of areas vital to accounting, including using Excel spreadsheets and US accounting payroll systems. Our students also get hands-on experience with SAP Finance, data analysis, and data mining.

This specialization requires significant experience and credentials.

The MIU experience

Entrance requirements

To enter the MBA for Professionals, applicants must have:

Transcendental Meditation (TM) technique for inner peace and wellness

All MIU students practice the Transcendental Meditation® technique, which has been found to improve learning ability and enhance well-being. If you have not learned the TM technique yet, you may be asked to learn it before final acceptance.

English language verification

International applicants must submit official English proficiency test scores within the past 2 years of at least 110 on Duolingo, 6.5 on IELTS Academic, 90 on TOEFL iBT or 58 on PTE.

Courses and Degree Requirements

To graduate with an MBA degree from the Professionals MBA Program students need a minimum of 53 credits as follows:

  • FOR 500 The Science of Creative Intelligence (4 credits) or STC 508 Exploring Consciousness (4 credits)
  • Advanced Studies in the Accounting or SAP ERP and Business Analytics Emphasis (32 credits)
  • Electives (8 credits)
  • Practicum (9 credits) At least 9 credits of MGT 5910 Practicum Away coincident with curricular practical training (CPT) in a full-time position related to the content of the Professional’s MBA Programs.

SAP ERP & Business Analytics emphasis courses

  • MGT 5240 Statistical Analysis for Managers (4 credits)
  • MGT 5301 SAP – Finance and Controlling (4 credits)
  • MGT 5302 Enterprise Business Processes Execution (4 credits)
  • MGT 5303 Enterprise Business Configuration (4 credits)
  • MGT 5304 Enterprise Analytics I (4 credits)
  • MGT 5304 Enterprise Analytics II (4 credits)
  • MGT 5460 Business Intelligence and Data Mining (4 credits)
  • MGT 5465 Big Data and Artificial Intelligence Applications
  • MGT 5306 SAP Certification (TS 410) (4 credits)
  • MGT 5952 Strategic Management for Sustainable Business (4 credits)

Accounting emphasis courses

  • MGT 5043 Financial Modeling and Data Analysis (2-4 credits)
  • MGT 5120 Business Law and Government Regulations (4 credits)
  • MGT 5131 Taxation (4 credits)
  • MGT 5141 Financial Accounting & Reporting I (4 credits)
  • MGT 5142 Financial Accounting & Reporting II (4 credits)
  • MGT 5152 Auditing for Financial Accountants (4 credits)
  • MGT 5160 Managerial Accounting (4 credits)
  • MGT 5165 Metrics for Sustainable Business (4 credits)
  • MGT 5301 SAP Finance and Control (4 credits)
  • MGT 5304 SAP Business Analytics (4 credits)
  • *MGT 5952 Strategic Management for Sustainable Business (4 credits)

Accounting emphasis – preparation for CPA certification

MIU’s bachelor’s degree and MBA specialization in accounting enable any student to fulfill the requirement of the State of Iowa, which are 150 semester-hours of higher education including at least one course in each of the following topics: financial accounting, auditing, taxation, and management accounting.

To our knowledge, there is no state in the USA that requires topics in preparation for CPA licensure that MIU does not offer. Any student or applicant who is unsure of whether MIU’s MBA in Accounting meets their state’s requirements for licensure may write to MIU’s program director Mr. Naveed Abbasi to receive current contact information for any applicable licensing boards.

Students who have successfully completed all academic coursework by their normal program end date (30 months after entry into the Program) may take an MBA Elective Extension for up to one year. This extension requires that, after you complete your 30-month (53 credits) Professionals MBA with Accounting Specialization or Professionals MBA with Enterprise Resource Planning (ERP/SAP) Specialization, you can extend your studies by taking courses in the other specialization. For this extension, the major would be changed on your I-20.

  • A professional student will complete 4 credits of their new major in the last semester of their 30-month program (as an elective) and then complete 8 credits in the 1-year extension for a total of 12 credits in their new major.
  • The cost is $2,500 per semester or $5,000 per year. Students must pay tuition prior to the extension.
  • Students must maintain a 3.0 (B) average in their courses and must have a 3.0 GPA to enroll in the extension.
  • A student must also be enrolled in MGT 5910 Practicum for 3 credits each semester they are participating in paid practical training.
  • Students must set up a health insurance payment plan.

Cost & Aid, 2023-24

International MBA Professionals

Typical cost and aid for 8 months of full-time academic on-campus study, followed by up to 2 years of full-time, paid Curricular Practical Training (CPT) with companies in the USA. Program costs are typically covered by an initial payment ($3,500, $5,000 or $7,500) and then a loan for the remaining tuition. The amount of the initial payment will vary according to the qualifications and experience of the applicant. The lowest initial payment ($3,500) would be accorded to those applicants with professional credentials (ACCA, CPA) and years of professional experience.

Cost and Typical Financial Aid
Tuition and fees$28,730
Health Insurance (estimate)$1,992
Housing (on campus, single room) and meals$7,400
Initial payment*$3,500$5,000$7,500
* based on your qualifications and experience
Your Financial Aid
$34,622$33,122$30,622
Personal expenses, books, unexpected needs (estimate)$2,000

  • In order to be issued an I-20 form, applicants need to verify funds for the initial payment ($3,500 – $7,500) and personal expenses ($2,000).
  • Additional living expenses may be incurred while seeking your CPT position.
  • Students who pay the total program cost within 6 months of their entry date will receive a $1,000 tuition reduction.
  • Total program cost does not include the cost of instruction in the Transcendental Meditation technique ($210) for those who take this instruction at MIU

Tuition, other fees, scholarships, and financial policies are subject to change prior to the entry date.

Exam Prep for CPA or CMA

Professional certifications

Preparation for professional certifications is an optional feature of the MBA for Accounting Professionals. Concurrent with CPT, students take online courses that prepare them to sit for the examinations required as a step toward professional certification, either as a Certified Management Accountant (CMA) or as a Certified Public Accountant (CPA).

More about the CMA and CPA

Certified Management Accountant (CMA)

The CMA exam focuses on the knowledge and skills required for business planning, internal controls, internal reporting, and decision-making. Professionals taking the CMA exam typically expect to work for a business or governmental organization. The CMA credential demonstrates your command of the critical accounting and financial management skills demanded by today’s dynamic businesses, translating into significant career opportunities for you. CMAs are highly respected and internationally-recognized professionals. CMAs typically begin their careers as cost accountants or business analysts. With more experience, they can become accounting managers, controllers, or chief financial officers.

Exam information

Next entry: Feb 2024Apply Now >

X

Follow MIU