4. A candidate holding a diploma that does not meet the requirements of section 3 and holding a master’s degree or a doctorate shall be granted a diploma equivalence if the degree or doctorate was issued upon completion of a graduate program in administration comprising not less than 45 credits or the equivalent. The credits shall be apportioned as follows:(1) not less than 15 credits in management; and
(2) not less than 30 credits in finance, accounting, information systems, economics, mathematics, statistics, communication and marketing.