Indiana Institute of Technology

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Updated August 6, 2020

The Indiana Institute of Technology is a private university that often goes by the name of Indiana Tech. Founded in 1930 by a man who previously worked for the Indiana Business College, it began construction on its new campus that same year and began offering classes the following year. Its founder selected Fort Wayne as the location of the new campus because of its close proximity to major cities like South Bend and Indy. Though started as a for-profit college, it became a nonprofit less than 12 years after opening. The college now sits on the former location of the Concordia Senior College, which Indiana Tech purchased in the 1940s.

As a technical college, Indiana Tech focuses more closely on technical subjects like computer science and engineering. Since making the transition from Indiana Technical College to the Indiana Institute of Technology, it separated its campus into four colleges that include the College of Professional Studies, College of General Studies, College of Engineering & Computer Sciences and College of Business. Those new colleges allow the school to offer standard classes in subjects like English, psychology and sociology.

Though the university did operate a law school for several years, it closed that school in 2017 due to the high cost and low profits of running that department. Despite being a tech school, some of its notable former students played sports at the professional level. Indiana Tech has an enrollment of more than 9,600 students that includes more than 800 graduate and doctoral candidates.

Indiana Institute of Technology Accreditation Details

As Indiana Tech has accreditation from the Higher Learning Commission (HLC), students entering the college and those currently attending can seek financial aid from the federal government. You will need to submit the FAFSA at the same time that you submit your application or before beginning classes. Some of the degree programs Indiana Tech offers have accreditation from professional organizations too. Its engineering programs, including those in electrical, mechanical and biomedical, have accreditation from the Accreditation Board for Engineering & Technology (ABET). The school hopes to get accreditation from the International Assembly for Collegiate Business Education (IACBE) for its business programs. That organization began the review process in the late 2010s to determine whether the institute deserves accreditation.

Indiana Institute of Technology Application Requirements

The graduate admissions application that Indiana Tech uses is available on its admissions website. Graduate school candidates must have a bachelor's degree from an accredited college or university. Though you do not need your degree in hand when you submit the application, you will need to show proof that you have that degree before beginning classes. The university requires that candidates have at least two years of professional work experience, but it will count internships and work you did at the undergrad level towards those hours. You will also need a total undergrad GPA of 2.5 or higher. If you have a lower GPA, you will need to take the GMAT. The university will multiply your test score by your GPA to give you a final figure. This figure must be 1,000 or higher to enroll.

Its application consists of eight different pages. The first page asks for some general information like your full name, current address, date of birth and social security number. You'll also need to list whether you are in the military or have any military experience and your gender and ethnicity. Each page in the application will focus on a specific type of information such as your level of professional experience and where you went to college.

Tuition and Financial Aid

Though Indiana Tech charges a rate of $505 per credit hour, most of the graduate classes it offers are worth three credit hours and will cost you just over $1,500 per class. You'll face some fees for registering later in the semester for your classes and when you reach graduation. The university charges a fee for any returned checks that it receives from students too. You'll also need to factor in the cost of the textbooks needed for your classes. As the college offers textbooks for rent, you can save on the cost of buying those books.

Most Indiana Tech students receive financial aid, but the university will only create your aid package and notify you of this aid once it receives a copy of the FAFSA. You can fill out this form online and let the program mail a copy to the school. Students who are legal residents of Indiana may receive some aid from the federal government, and most students will receive at least one unsubsidized loan while in graduate school. You can take out a loan each year while working on your degree. Indiana Tech students may qualify for some institutional aid and for alternative loans as well as loans for parents.

Master's in Management

Indiana Tech offers a Master of Science in Management program both online and on its campus in Fort Wayne. Both programs include the same required classes. As an online student, you can enroll and take classes from anywhere in the United States as long as you have a good internet connection. The program teaches you how to work in small groups and how to work from others who are different from you. In the online program, you'll also learn how to take on a leadership position within one of those groups and how to effectively communicate with those around you.

Related Resource: Top 30 Ranked Affordable Online Master's in Management

Though the program requires that you take and pass 36 credits of work, only nine of those credits are the finance core. Those courses include executive management, quantitative decision making and financial concepts for leaders. The remaining classes focus more on specific topics rather than giving you a broad overview. Employment law deals with the laws and guidelines that you must follow when hiring others, while business ethics goes over some of the ethical situations that you might face in the field and how you should respond. You'll also take classes on managing change, marketing management, organizational behavior and human resource management before doing a final project in your last year. The Indiana Institute of Technology also offers a Master of Business Administered degree program with a concentration or emphasis in finance that takes up to two years to complete.

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