Temple University Fox School of Business Review

By Henry R. Steele - April 5, 2017
Reading Time: 4 minutes

Temple University is a public university based in Philadelphia, Pennsylvania. It was founded in 1884, and currently has a total undergraduate enrollment of 28,600. Temple’s online business programs through the Fox School of Business enjoy an outstanding reputation for the quality and affordability.

Favorite Features

Online MBA is ranked #1 by US News and World Report in 2017

The Fox School of Business at Temple University has an excellent reputation for all of its business programs. In January 2017, US News and World Report ranked the online MBA program as its #1 program for a third consecutive year in a row.

Other graduate business programs at Temple University also enjoy a high reputation in the rankings. The Fox School is the only AACSB-accredited business school in the United States that has a top five ranked online MBA, a top 10 ranked part time MBA and a top 35 full time program in the US News rankings.

Fox School of Business is accredited by the AACSB

Many universities and business programs will state that they have been accredited. But there is a major difference between accreditations. Most universities in the United States are regionally accredited by one of the six accreditation bodies recognized by the Department of Education.

However, only a select number of business schools and programs take the additional step to be accredited themselves in their particular discipline.

Students who want to obtain an undergraduate or graduate degree in business should ensure that their program and business school is accredited by the Association to Advance Collegiate Schools of Business or AACSB.

The AACSB is the most respected accreditation body for all business and accounting education in the world. It is truly the gold standard in the business school accreditation field. When you see the AACSB stamp on the website for a business school, you then know that the programs have met the most rigorous accreditation standards. AACSB accreditation takes more than two years, and any business school that has this accreditation offers only the best business degrees.

The business programs at Temple University and the Fox Business School are accredited by the AACSB. You know that you will be earning a high quality business degree, and your potential employers will know that your degree has met the most rigorous quality standards in the industry.

Both recorded and live business classes are offered

Many business schools offer either all live or all recorded class sessions for their MBA and other online offerings. At Temple University, the online MBA program offers a combination of both.

All classes are available online 24/7 in a mobile friendly format, so you can take your business classes at a time that works best for you. However, each week, you also have the opportunity to participate in interactive, live business topic sessions that are held via WebEx. These weekly sessions integrate discussion and project based learning where students break up into groups to solve common business challenges in the 21st century.

Consulting practicum offers MBA students real world experience

All online MBA students participate in a consulting practicum through the Enterprise Management Consulting Practice. This is a mandatory consulting practicum that allows students to devise real time business solutions to international clients who want to bring a new product or service to the marketplace.

The diverse client base of the Fox Business School features both US and foreign companies. They include early stage companies, established corporations and nonprofit organizations. Many of the companies are from biotechnology or pharmaceutical fields, or provide technical expertise and products in a variety of industries.

Least Favorite Features

GMAT or GRE Scores are required to be considered for admission

Temple University still requires GMAT or GRE standardized test scores to be submitted for you to be considered for graduate school admission. More graduate schools today are waiving standardized test score requirements entirely, or are waiving them for professionals with more than five or 10 years of business experience.

Interested in Online MBA programs without the GMAT? See our Top 25 for 2018

A growing body of research suggests that standardized test scores are not a reliable indicator of future success in graduate school.

The average GMAT score for accepted graduate business students is 520, and the average GRE score breakdown is 158 verbal, 148 quantitative, and 5 analytical writing.

Online MBA is only 20 months and offers limited on campus residencies

The Fox Business School attracts many students because it is able to offer an MBA in as little as 20 months online. However, some experts question whether a 20 month program is going to provide students with a high quality business education.

Other highly regarded programs, such as the University of North Carolina and Carnegie Mellon, take 24-36 months to graduate. These programs also feature several on campus residencies throughout the program. Many experts say that residencies, while inconvenient for some students, offer a huge value for online business programs.

Residencies greatly increase student interaction and learning, and create better and lasting relationships. In fact, the opportunity to build relationships and network are some of the biggest reasons that many business professionals want to earn an MBA.

The Fox Business School features only one week long residency where the students engage in a leadership development course.

The Details

General Information

  • Founded in 1884
  • Application deadline: March 1 campus programs, rolling for online programs
  • Application fee: $50
  • School type: Public
  • Term Schedule: Semester
  • Location: Philadelphia, Pennsylvania
  • Student-faculty ratio: 14:1

Tuition Rates

  • Online MBA: $1,245 in state and out of state
  • Online business graduate programs: $1,114 in state and out of state
  • Online bachelor’s: $821 in state and out of state

Business Degrees

  • Graduate: Global Master of Business Administration, Executive Master of Business Administration
  • Undergraduate: Bachelor of Business Administration

Concentrations – MBA

Class Profile

  • 51% female, 49% male overall
  • Total enrollment: 38,027
  • 56% acceptance rate overall
  • Total graduate enrollment: 9,543
  • MBA average GMAT: 640
  • MBA average undergraduate GPA: 3.6
  • Average work experience for MBAs: 4 years
  • Average MBA age: 27
  • 34% MBA students are international
  • MBA students are 52% male, 48% female

Graduation and Retention Rates

  • 4 year graduation rate: 43%
  • 89% of students return for their sophomore year, well above the national average of 70.9%.
  • 2% of students graduate within six years, which is well above average.
  • 8% of students fail to graduate within six years

US News Rankings

  • National universities: 118
  • Best colleges for veterans: 78
  • High school counselor rankings: 98
  • Top public schools: 56
  • Best online MBA programs: 1
  • Best online bachelor’s programs: 2
  • Best online graduate business programs (not MBA): 29
Henry R. Steele
Henry R. Steele
Managing Editor
Henry is Managing Editor of BusinessStudent.com. He is a seasoned business professional who regularly consults with local business's throughout Southern California. Henry pursued his undergrad in Business and Economics at the University of San Diego and gained valuable life changing experience through a unique internship upon graduation.Follow on Twitter.com

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