Memorandum of Understanding
for AACSB-Accredited AJCU Business Schools

The institutions that are parties to this agreement recognize that today's MBA students face the possibility that during the course of their studies they may be required to move from the community where their studies for the degree began. To facilitate the students' ability to complete degree requirements for the MBA programs, qualified students can be accepted as fully matriculating from any other institution which is a party to this memorandum.

1. Original University - University that originally admitted the student for study toward the MBA degree.
2. Receiving University - University that will admit students from the original university for the purpose of taking course work toward completing degree requirements for a comparable program.

To be eligible to participate in this program, the student must be:

1. In good academic standing with the original university;
2. Applying to a receiving university that is at least 50 miles from the location of the original university.
3. Admissible to the receiving school.

III. Degree Granting Institution and Academic Requirements

Students who have completed more than one-half of the core and elective courses (those requirements beyond foundation or prerequisite courses) as required by the original university, will be eligible to receive their degree from the institution that originally admitted them. In such a case, the student will take course work at the receiving institution according to a plan established by the original institution. This plan will cover not only the courses to be completed, but also, by way of illustration and not limitation, such things as minimum grades required, and time limitations for satisfying degree requirements.

Students who have completed one-half or less of the core and elective courses (those requirements beyond foundation or prerequisite courses) as required by the original university, will receive their degree from the receiving university once they have satisfied all course and academic requirements established by the receiving university. All comparable course work that was completed at the original university with grades of B or better will be transferred or otherwise applicable toward satisfying requirements, to include up to one-half of the core and elective courses of the receiving university. In such an instance, it is recognized that the total hours required to complete degree requirements may be different than the total hours required when the student was admitted to the original university. The institution granting the degree will have final authority in whether grades earned at the other institution will be included within the student's grade point average.

IV. Institution's Eligibility

To be eligible to be a party to this agreement, an institution must:

1. Be a member of the AJCU.
2. Possess an MBA program that is accredited by AACSB.

Any institution that is a party to this agreement who later fails to satisfy either of these requirements is subject to have its participation in this agreement terminated.

V. Institution's Right to Withdraw

Any institution shall have the right to withdraw from the agreement upon 30 days advance written notice to all other institutions, which are parties to the agreement. In the case of withdrawal, students who have used this memorandum to transfer to a receiving university will not have their ability to complete degree requirements affected.

VI. Rights of Third Parties

This agreement shall not be interpreted to be a third-party beneficiary agreement and shall be enforceable only by the parties to the agreement.

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MBA Multilateral Agreement
for more information, contact one of the colleges listed here.