MDiv/MBA in Economic Development
This distinctive M.Div/MBA dual degree program represents the Seminary's longstanding commitment to holistic ministry, ministry that addresses spiritual, emotional, social and material needs. The MBA portion of the program, offered at Eastern University, is intentionally contextualized to issues in the two-thirds world and to issues in urban areas of the U.S. Students pursuing this dual degree choose one of two concentrations. The International Concentration is for those who envision working outside the U.S. either in a city or some other context. The Urban Concentration is for those who desire to serve in a city within the United States.
Regardless of the concentration, the MBA portion of this dual degree program seeks to recognize the multi-faceted causes of poverty and to provide instruction and guidance aimed at designing intervention strategies to enable people to move toward economic self-sufficiency. The MDiv portion of the program prepares students for pastoral ministry.
Earning the MDiv and the MBA degrees separately would normally require five years of full-time study. This program is designed to enable students to complete both degrees in a total of four years. MBA coursework fulfills some of the electives required for the MDiv while one MDiv course is recognized as fulfilling one of the course requirements for the MBA. (For part-time students the time needed to complete the degrees varies based on course load.)
Differences between the MDiv/MBA and the MDiv/MA
Both the MBA and the MA are designed for those who are interested in working with and among the poor in the area of economic development. With either of these MDiv dual degree programs, the MDiv portion remains the same. Thus, the only differences are between the MBA and the MA. The MBA requires from four to six undergraduate foundation courses as prerequisites to admission to the program: Finance, Financial Accounting, Managerial Accounting, Macro Economics, Micro Economics and Statistics. Also, while both the dual MDiv/MBA and the dual MDiv/Ma are designed to be completed over a four-year time period, MA students are required to take two fewer courses.
Finally, the MBA is for those who want to be prepared to work and minister in a business/finance/accounting capacity.
Applicants for this dual degree program should complete the application process for Palmer Seminary. As part of that process, they will receive instructions on how to apply for the Eastern University portion of the degree. (Many dual degree students wait till they begin their first year at the Seminary before beginning the application process for Eastern University.)