Wake Forest Online MSBA FAQs
Master of Science in Business Analytics (MSBA) Frequently Asked Questions
Find answers to the questions that new online master’s degree in business analytics students ask most.
Is a GMAT waiver available?
The Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) will be required for all applicants whose transcripts do not show a demonstrated, strong quantitative ability through past, graded coursework, as decided by the program’s Admissions Committee. Coursework should include statistical methods, regression analysis, probability and distribution theory, statistical inference and regression, discrete math, and linear algebra. Preference will be given to applicants who have taken both calculus and statistics. (The Admissions Committee is seeking applicants who have earned a B or better in these topics.)
Candidates who can show strong quantitative ability based on their past academic coursework may be eligible for a test waiver. To find out if you may be eligible for a GMAT/GRE test waiver or if you have questions about the process, contact a Student Success Manager.
Is there a GPA requirement?
There is no minimum GPA requirement. Preference is given to applicants who demonstrate strong performance in undergraduate coursework with an emphasis on calculus, probability, statistics, and mathematics.
Are transfer credits accepted?
In general, apart from stipulated foundational courses, transfer credit for or exemption from a required/core course is not permitted. Also, apart from these exceptions, courses taken prior to enrollment at the School of Business will not receive credit toward graduation requirements.
Is there an application fee? Can I apply for a waiver?
Yes, there is a $100 application fee. Speak with a Student Success Manager to request a waiver.
Financial Aid FAQs
Are scholarships available for online students?
Yes, the Wake Forest School of Business awards scholarships to eligible, deserving applicants who we believe would benefit from a Wake Forest education and contribute greatly to the University’s civic and intellectual life. Award decisions take into account a number of criteria, including:
- Successful prior academic experience
- Exceptional professional experiences
- Ability to be successful in the program
- Successful completion of the GMAT or GRE
What are my financing options?
Financial aid is available to students in the form of federal and/or private loans.
To apply for financial aid, complete the Free Application for Federal Student Aid (FAFSA) online at studentaid.gov/h/apply-for-aid/fafsa/. Refer to this table to determine which form to file based on your start date.
Use School Code E00515 for the WFU School of Business when completing the FAFSA.
Individuals will not be considered for federal student loans until the FAFSA has been submitted to the U.S. Department of Education and a student aid report is received by the Financial Aid Office at the Wake Forest School of Business.
Once we receive the FAFSA results, we will process them for loan eligibility, which occurs daily on a rolling basis.
Can I use military funding to help pay for the MSBA?
Wake Forest School of Business participates in the Yellow Ribbon program, which covers 100% of tuition for students who are eligible for Yellow Ribbon benefits.
Students who are eligible for veterans benefits should submit either a Statement of Benefits or an updated Certificate of Eligibility (COE) to the Office of Financial Aid. To obtain the COE, contact the VA Education Benefits Department at 888-442-4554. To obtain the Statement of Benefits, visit www.vets.gov. The COE and Statement of Benefits can be submitted electronically to firstname.lastname@example.org. The Office of Financial Aid will submit enrollment certification electronically to the VA to initiate payments.
Students who used their benefits at a previous college must submit a “Request for Change of Program or Place of Training” Form (22-1995) to the VA through www.vets.gov.
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at www.benefits.va.gov/gibill/.
Student Experience FAQs
How are the classes structured?
Each class is 15 weeks. You will take 2 courses per semester.
Students will begin the program taking foundational courses: Probability and Statistical Modeling and Analytics Software Technology. Refer to the list below to understand the course sequence.
Term 1: Foundational Courses
- Probability and Statistical Modeling
- Analytics Technology Software
Terms 2–5: Core Courses
- Visual Analytics and Influencing
- Data Mining and Machine Learning
- Business Modeling
- Simulation Risk and Analytics
- Multivariate Analyses and Design
- Prescriptive Analytics
- Data Management
Term 6: Capstone
- Leading the Analytics Organization
Are there required live sessions for courses?
Students in the program will attend live, synchronous classes where they will engage with their faculty and classmates. Faculty and students will meet face-to-face via webcam in our virtual classroom environment for 90 minutes each week of an academic term, providing students the opportunity to reinforce coursework materials, apply academic concepts, and participate in focused discussions with faculty and colleagues.
How many classes are in the program?
There are 12 total courses in the program. Visit the Courses page for further details.
How long will it take to complete the program?
You can complete the Master of Science in Business Analytics program in 24 months.
How much time should I expect to dedicate to my coursework?
You should expect to spend 10–12 hours per week on your MSBA coursework. The number of hours may vary, depending on the course and your learning style.
What is the on-campus Deacon Weekend?
“Deacon Weekend”—so named for the Wake Forest mascot, the Demon Deacon—allows you to fully immerse yourself in the Wake Forest community. At the end of your first semester in the online MSBA program, conditions permitting, you will have the opportunity to join your classmates for a two-day, in-person weekend on our campus in Winston-Salem, North Carolina. You can experience campus, meet key faculty and staff, and grow your network by connecting with other business and analytics professionals.