When business professionals think of New York State, their minds no doubt drift to the bright lights and career opportunities in New York City. In Western New York, however, startups and established companies are looking for talent in Rochester. The state’s third-largest city, Rochester is an underrated location for doing business. The city has embraced new industries while maintaining a family-friendly environment.
Rochester’s fertile business environment is a great place to start a new venture. New York, like most other states, is also experiencing labor shortages across industries. An MBA provides the advanced skills and experiences necessary to take advantage of these factors. St. Bonaventure University is two hours from Rochester, but its online MBA makes distance a non-issue for qualified students. Employers and clients in the region hold the St. Bonaventure name in high esteem, making it a passport into the modern economy.
Overview of St. Bonaventure’s Online MBA
St. Bonaventure University’s online MBA stands above most competitors in business education. The Association to Advance Collegiate Schools of Business (AACSB) has accredited the school’s online MBA, a distinction given to about 5% of business programs around the world. The Middle States Commission on Higher Education also provides accreditation to the school’s distance learning programs. The university is based in Allegheny, New York, but students can complete the required courses for this renowned MBA on their computers in Rochester and beyond.
To become part of the St. Bonaventure family, prospective MBA students need to do the following:
- Complete their undergraduate degree
- Submit official transcripts from previous colleges
- Demonstrate a GPA of at least 3.3 or 3.0 with two years of qualifying professional experience (no GRE required)
- Update their resumes
- Include all of these supplemental materials with the online application
Admitted students can finish the online MBA in as little as 20 months while continuing to work full-time. MBA courses are completed one at a time during seven-week sessions. Every MBA candidate completes six required courses, including organizational behavior, business policy, and marketing management. A capstone project places students into teams to solve business problems using course lessons and experiences.
The remaining six credits are electives based on a student’s area of expertise. St. Bonaventure offers the following four tracks and track-specific electives:
- Accounting: Financial statement analysis, advanced cost accounting, financial statements presentation
- Business Analytics: Marketing analytics from data-driven decision making, data visualization and analysis, project management, financial modeling
- Finance: Investments, managerial economics, behavioral finance
- Marketing: Marketing research, consumer behavior, international marketing
St. Bonaventure’s faculty help MBA candidates get the most out of their education dollars. Faculty members such as John B. Stevens, James Mahar, and Michael J. Fischer bring years of corporate experience to the virtual classroom. Lessons learned from years of high-level roles at PricewaterhouseCoopers, Alcas Corporation, and AVX Corporation are conveyed to future business leaders. The program’s high admission standards mean that MBA students also confer with talented colleagues who bring unique perspectives to the online classroom.
About Rochester, New York
Rochester has been an economic powerhouse in the Northeast since the 19th century. The city sits along the Genesee River, which provided power and transportation to early manufacturers. Major companies like Eastman Kodak, Xerox, and Bausch & Lomb started their ascent from Rochester headquarters. As the American economy changed, Rochester stayed strong as other cities struggled to attract new businesses. Rochester’s proximity to Buffalo and Toronto creates a regional economy that draws on world-class talent.
The city has rebounded well from the 2008 recession, according to a 2018 report by M&T Bank. Like other cities, Rochester experienced elevated unemployment, decreased household spending, and business contraction in the years following the downturn. The following metrics show how far Rochester has come since the recession:
- Payroll income grew by 4.2% from 2013 to 2017, exceeding the national rate of 3.5%
- Household income grew by 10% from 2015 to 2017 including three consecutive years of growth
- Rochester’s population aged 20 to 64 grew 2.7% from 2007 to 2016, including 10.6% growth aged 20 to 34
Graduates of St. Bonaventure’s online MBA program find ideal business conditions in Rochester. Forbes ranked the city No. 90 in Best Places for Business and Careers. The publication also placed Rochester No. 62 in Cost of Doing Business. Families benefit from exceptional local education, including seven schools ranked in New York’s 100 best schools by U.S. News & World Report in 2019. Newcomers and lifelong residents alike can unlock Rochester’s potential by completing an online MBA from St. Bonaventure University.
Demand for MBAs in Rochester
In the 21st century, Rochester’s economic profile has changed from old-style manufacturing to cutting-edge technology. The Inc. 5000 list of fastest-growing American businesses for 2017 included the following Rochester-based companies:
- Career Start (No. 970)
- MediSked (No. 1,953)
- FFC Mortgage (No. 2,019)
- Avani Technology Solutions (No. 2,190)
- Catprint.com (No. 3,115)
- New York Technology Partners (No. 3,705)
- iCardiac Technologies (No. 3,769)
- Cloudsmartz (No. 4,060)
Regional economic development organization GRE identified six key industries for the city: advanced manufacturing, energy innovation, food and beverage manufacturing, life sciences, imaging, and software. MBAs in the Rochester area can look at these companies as inspirations for their own ventures or prospective employers.
Rochester is an oft-overlooked gem for MBAs with many young professionals in the region flocking to New York City, Boston, and Washington, D.C. The city’s recovery from economic recession and shift to tech industries makes it a good bet for new graduates. St. Bonaventure University uses experienced faculty and the latest online learning technology to make its MBA ready for future business trends. A combination of affordable tuition, industry-focused curriculum, exceptional faculty, and flexibility offers students an incredible value for money.
Top MBA Programs in the Greater Rochester Area: A Comparative Chart*
MBA Program Total Tuition
St. Bonaventure University
University of Rochester
Rochester Institute of Technology
St. John Fisher College
An MBA from St. Bonaventure leads to a high salary ceiling for jobs in Rochester. PayScale found an average salary of $61,000 for all full-time professionals in the city in October 2019. This typical salary, however, obscures the heights MBAs can reach in certain fields. Indeed’s review of self-reported salaries and job listings found the following averages for experienced professionals in Rochester:
- Project manager: $79,582
- Business analyst: $80,172
- Product manager: $94,564
- Human resources manager: $108,863
To learn more about our MBA program, connect with an enrollment advisor today.
*Data derived from rochester.edu, rit.edu, and sjfc.edu as of November 8, 2019.