Admissions > Criteria for Admission
The University's minimum criteria for entry is a secondary school diploma
for undergraduate applicants, a 4-year university degree for graduate level
programs, proof of English proficiency, and an equivalent GPA of at least
2.0. Some departments will require much higher grades for entry.
As the University's mission reflects its commitment to maintaining a
multicultural balance and other forms of diversity within its student body,
the general entry requirements may not reflect the individual minimum
standards set for applicants from differing educational systems and
geographic areas. Whenever possible the University seeks to establish
requirements which are accessible and realistic given the country of origin
of the applicant. An example would be an applicant's reasonable access to
testing centers if standardized test are required or the requirement of
transcripts and grades when an educational system issues only exam results.
Consideration will be given as to whether applicants will be able to fulfill
the objectives of the program of study and achieve the standards required. A
range of factors additional to, and in some cases instead of, grades and
formal examination results is considered in the selection process. These can
include:
The personal statement (essay) and letters of reference;
Additional evidence of achievement, motivation and potential as
gathered through interview or assessment of written materials;
Other factors as appropriate to the discipline, such as
employment or volunteer work in relevant fields and sustained critical
engagement with relevant issues.
Since entry is competitive, achieving test scores, grades, and/or
examination grades equivalent to or above the standard offer for a course of
study does not automatically entitle a candidate to an offer.
When assessing an application for undergraduate study, admissions selectors
will normally consider the following information:
Academic ability and potential as shown by grades or equivalent
tests and examinations;
Motivation to study in the chosen field;
Related work or voluntary experience showing commitment to
community or chosen career ;
Extra-curricular activities, achievements and interests;
Uniqueness and contribution to University's mission.
When assessing an application for postgraduate study, admissions selectors
will normally consider:
Academic ability and potential as shown by grades or equivalent
tests and examinations;
Evidence of relevant personal, professional, and educational
experience;
Motivation to study in the chosen field and clearly defined
career objectives;
Leadership potential and personal achievement and interests;
Uniqueness and contribution to the University's mission.
Procedures for handling applications may vary from applicant to applicant.
Most offers are based purely on the information provided in the application
or at interview, and may be conditional on obtaining a certain standard in
specified subjects in examinations. In addition, departments may, at their
discretion, ask applicants to attend interviews, undertake supplementary
assessments or provide examples of work. In such cases, the department will
clearly explain how and why this will be used in assessing the candidate and
treat all candidates on an equal and fair basis.
The President and Dean and the Associate Deans have the opportunity to admit, by exception, students who do not meet the minimum admissions criteria. The number of students admitted by exception shall be limited to the following percentage of the entering class.
| Program | % Exceptions |
| BSBA | 10% |
| BSBA Transfer | 10% |
| MBA/EMBA | 10% |
| MFIN | 5% |
| MScLGS | 10% |
To be considered for an exception, a student should present evidence of potential for academic success such as; excellent letters of recommendation from trusted academicians, performance in graduate courses taken as a post-bachelor's student, professional experience in his/her discipline for a lengthy period of time, etc. Each request for a 10% exception must include a statement describing the special circumstances of the applicant. It is the discretion of the program and college to accept exception application requests.
Both Undergraduate and Graduate students may be admitted conditionally.
Generally, conditional admittance will include the expectation that both
undergraduate and graduate students will provide the University Registrar
with their final transcripts and proof of graduation as soon as they become
available or before the end of the first term. Students who fail to do so
will not be registered for the following term and may be subject to
dismissal.
Conditional admission may be granted to students who have not achieved the
minimum GPA or equivalent, who do not have the requisite work related
experience, or who have not met the minimum TOEFL exam scores required.
These students should meet have documentation on file such as excellent
letters of reference and examination scores which indicate probable success
in the program selected.
Students, who have been admitted provisionally based upon achieving the
required English language proficiency, will be required to successfully pass
the University IELP courses IEP and/or EAP before being registered into the
regular academic courses. Students enrolled in the IELP courses are also
required to re-take the TOEFL exam as part of their course and subsequently
provide these exam results for entry into the regular program. Graduate
students may be required to attend a continuous Business Communications
course throughout the 10 month program.
To remain in the Undergraduate Program, conditionally admitted students must
earn grade point averages of at least 2.50 (A=4.00) in the first term of
undergraduate work attempted at the University and fulfill any other
specific stipulations or provisions of requested from the department. The
students may not fail any course during this period.
To remain in a Graduate Program, conditionally admitted students must earn
grade point averages of at least 3.00 (a=4.00) in the first term of graduate
work attempted at the University and fulfill any other specific stipulations
or provisions of requested from the department.
In assessing a student's academic performance across all systems an equivalent Grade Point Average (GPA) will be assigned for use in a the Undergraduate Applicant Evaluation Rubric and the Graduate Context Aggregate (CA). "Grade Points" using a 4-point scale are assigned to the rage of assessment scores, letter grades, and percentage grades received from each applicant's secondary school or university.
| Letter Grade | Description | Grade Points | Percentile Ranking | Example of Equivalency | Percentage Grade |
| A | Excellent | 4.0 | 100% - 94% | HD (High Distinction) | 80% and above |
| A- | 3.7 | 85% - 89% | |||
| B+ | Very Good | 3.3 | 80% - 84% | D (Distinction) | 70-79% |
| B | 3.0 | 75% - 79% | |||
| B- | Good | 2.7 | 70% - 74% | Cr (Credit Pass) | 60-69% |
| C+ | 2.3 | 65% - 69% | |||
| C | Satisfactory | 2.0 | 60% - 64% | P (Pass) | 50-59% |
| C- | 1.7 | 55% - 59% | |||
| D | Poor | 1.0 | 50% - 54% | ||
| D- | 0.7 | 49% - 30% | F1 (Fail level 1) | 40-49% | |
| F | Fail | 0.0 | 0% - 30% | F2 (Fail level 2) | below 40% |
In addition to the general entry requirements, MonacoMBA applicants must have at least three years of post graduate work experience and provide a GMAT score, which the Admissions Board uses to assign each individual with a Context Aggregate (CA) score. (Candidates may submit their application for admission prior to scheduling the GMAT exam.)
The Graduate Management Admissions Test, better known by its acronym GMAT,
is a standardized test for determining aptitude to succeed academically in
graduate business studies. The GMAT is used as one of the selection criteria
by many business schools globally, most commonly for admission into an MBA
program.
The GMAT is one of many factors schools use when reviewing applications for
admission; it is typically balanced with work experience, application
essays, an interview, and undergraduate GPA or other university level
grading systems.
As the University's first concern is whether or not an applicant can handle
the quantity and level of course work-we use the GMAT (the quantitative
score) and academic transcripts to help determine this. Once it is
determined that the student can succeed academically, we examine the
remainder of the application to evaluate the applicant's experience and
background to assess the contribution of the applicant to classroom
diversity and other aspects of the University's mission.
Applicants with lower test scores or lighter academic experience may still
gain admission based on other qualifications such as professional work
experience or unique cultural perspective. The common belief is that a class
consisting solely of candidates with 750 GMAT scores and perfect
undergraduate records would not offer an educational experience as valuable
and meaningful as would be offered by a more diverse class that includes
students with a wide variety of backgrounds.
The Context Aggregate (CA) score is intended to position the MonacoMBA applicant in relation to
the vital contextual elements that have affected his or her general
development-and that will shape their impact on the MonacoMBA entering
class. It provides the Admissions Board with a balanced, quantitative
measure of the applicant's strengths, weaknesses, achievements, uniqueness,
and potential for success in graduate study-while taking into account the
range of factors that make up his or her cultural environment. It is a
critical element in the admissions process since it represents an
opportunity for the applicant to present themselves in the most positive
light.
The CA score is calculated by multiplying the applicant's grade point
average (or assigned equivalent) by 200, adding that product to the total GMAT score, and
then adding a background score out of 800. (The background score is derived
using the characteristics described in the table below.)
In order to maximize their chances for acceptance, applicants should assume
they will need an undergraduate grade point average of at least 3.00, a GMAT
score of at least 500, and a background score of at least 400. Of course,
shortfalls in any one of these areas can be made up in other areas.
The minimum CA score required for admittance into the MonacoMBA will be
generally 1500.
The use of the background score is designed to take bias out of the
admission process and make it fair while reflecting the University's mission
of recruiting balanced cultural representation in the program.
| Field | Factors Judged | Score |
| 1. Professional Experience | * Number of years (3 minimum) * Relevancy of work experience * Level reached * Potential for sharing knowledge from work experience |
200 |
| 2. Advanced Education and additional coursework completed | * Relevancy of courses completed * Degrees conferred * Performance as reflected in course grades and level of degree awarded * When completed |
200 |
| 3. Motivation and Career Goals | * Desire and suitability to purse course of study * Career goals realistic and clearly stated * Demonstrated intellectual curiosity * Past achievements and interests support this motivation |
200 |
| 4. Cultural Heritage, Uniqueness and Contribution to IUM Mission | * Member of under-represented nationality at IUM * Language skills in relevant culture * Knowledge of culture as expressed in personal statement * Potential to provide internship or other exchange contacts in home country or culture |
200 |
| 5. Global Leadership Potential | * Leadership achievements to date * Discussion of leadership in the personal statement * Perceptions of globalism as demonstrated in the personal statement and interview * Future plans on leaving the MonacoMBA |
200 |
| Total Background Score | 1000 | |
Each Field can have a total of 200 points assigned with the sum of the 5 fields equal to a total background score of 1000.
The total CA scores and possible ranges appear as follows:
| Context Aggregate (CA) | Score | Multiplier | CA score |
| GPA or Equivalent | 4.0 | 200 | 800 |
| GMAT | 800 | 1 | 800 |
| Background Score | 1000 | 1 | 1000 |
| Optional Interview | 100 | 1 | 100 |
| Total | 2700 | ||
| Context Aggregate (CA) | Score | Multiplier | CA score |
| GPA or Equivalent | 3.0 | 200 | 600 |
| GMAT | 500 | 1 | 500 |
| Background Score | 500 | 1 | 500 |
| Optional Interview | 100 | 1 | 0 |
| Total | 1600 | ||
| Context Aggregate (CA) | Score | Multiplier | CA score |
| GPA or Equivalent | 3.0 | 200 | 600 |
| GMAT | 570 | 1 | 570 |
| Background Score | 700 | 1 | 700 |
| Optional Interview | 100 | 1 | 0 |
| Total | 1870 | ||
All applicants to the Master's in Finance-Financial Engineering (MFIN-FE)
pathway must provide proof of mathematic proficiency which may include
coursework equivalent to 2 years advanced mathematics, an engineering
degree, a degree in mathematics or computer science.
The GMAT exam is not required for the EMBA, MScLGS, or MFIN applicants.