The Major Field Test in Business

Since 1993, the Economics & Business Department has administered the Educational Testing Service’s Major Field Test in Business (MFTB) to graduating first class cadets. During the pursuit of AACSB accreditation over the past several years, MFTB results were an important component of the department’s assessment of discipline-based skills. When deficiencies were found, changes were made at both the curriculum and course levels.

In 2011-12, fifty-two members of the first class took the MFTB. In a bit of a down year, the class scored in the 65th percentile, in comparison with 438 schools worldwide. Individually, six cadets achieved scores above the 90th percentile, compared with 32,982 students who have taken the exam. The class of 2012 scored above the 90th percentile in Economics and International Issues.

Area-by-area, the department has target (percentile) scores as part of our AACSB assessment program. When a particular score goes below the minimum, the instructor(s) in that area is/are required to conduct a review of the test questions on which cadets scored the lowest. It may be that a test question topic is not taught or emphasized. Each instructor is given the discretion to include or exclude course topics based on their professional judgment. However, we believe the department’s historic scores on the MFTB are an accurate indicator of the overall high quality of the program. Indeed, the scores for 2010-11 were achieved knowing only the broadest parameters of what would be tested.