Business Exemption Exams

If you're entering a College of Business graduate program, you should be familiar with its Phase One and Phase Two requirements. Phase One coursework is considered prerequisite for Phase Two. You can meet Phase One requirements by satisfactorily completing the appropriate courses or by passing the corresponding exemption exams. You can only take an exemption exam once.

There is a $15 fee for each exam. The College of Business will send you your results.

Register

Available Exams

ACCY 505: Financial Accounting Concepts

  • Time limit: 60 minutes
  • Number of questions: 40
  • Minimum passing score: 28 items correct

Learn more about the ACCY 505 exemption exam (PDF).

FINA 500: Survey of Business Economics

  • Time limit: two hours
  • Number of questions: 100
  • Minimum passing score: 70 items correct

Learn more about the FINA 500 exemption exam (PDF).

FINA 505: Fundamentals of Financial Management

  • Time limit: two hours
  • Number of questions: 40
  • Minimum passing score: 70% or 28 points

Learn more about the FINA 505 exemption exam (PDF).

MGMT 505: Principles of Management

  • Time limit: two hours
  • Number of questions: 200
  • Minimum passing score: 140 items correct

Learn more about the MGMT 505 exemption exam (PDF).

MGMT 511 - Legal Aspects of Business

  • Time limit: two hours
  • Number of questions: 100
  • Minimum passing score: 70 items correct

Learn more about the MGMT 511 exemption exam (PDF).

OMIS 507 - Business Information Systems

  • Time limit: two hours
  • Number of questions: 100
  • Minimum passing score: 75 items correct

Learn more about the OMIS 507 exemption exam (PDF).

OMIS 524 - Business Statistics

  • Time limit: 90 minutes
  • Number of questions: 35
  • Minimum passing score: 28 items correct

Learn more about the OMIS 524 exemption exam (PDF).

Contact Us

Testing Services
Peters Campus Life Building 120
815-753-1203
testing@niu.edu

Hours

Monday-Friday
8 a.m.-noon
1-4:30 p.m.

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