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2001 FULL-TIME MBA PROFILE
University of Virginia
Darden School of Graduate Business Administration
ENROLLMENT
2001/2002 Classes begin: Aug. 2003
Year program was founded: 1955
Total graduate enrollment 516
Full-time 516
Part-time MBA students (on-campus) n/a
Part-time MBA students (distance program) n/a
EMBA n/a
PhD program n/a
Current total undergraduate business school enrollment 635
Increase in full-time students during last 12 months 0%
STUDENT PROFILE
Female students in class 30%
International students (1) 29%
Underrepresented minority (2) students 8%
Married 26%
Percent students from following regions:
Africa 1%
Asia 10%
Central/South America, Mexico 10%
Eastern Europe 2%
Middle East 0%
North America
(Canada: 1% / U.S.: 99% ) 73%
Oceania 0%
Western Europe 4%
North American students by region:
Canada 1%
Mid-Atlantic U.S. 29%
Midwest U.S. 4%
Northeast U.S. 17%
South U.S. 10%
Southwest U.S. 3%
U.S. Possessions and territories 0%
West U.S. 8%
(1) Students from countries other than the school's home country.
(2) Defined as U.S. citizens who are African American, Hispanic American, and Native American.
CLASS TRAITS
GMAT Scores
Average 681
Range (middle 80%) 650 - 710
TOEFL Scores*
Mean TOEFL score 637
Minimum TOEFL score required 0
Work Experience (months)
Average 64
Range (middle 80%) 36 - 102
Enrolled students with less one year or less work experience 0%
Student Age (years)
Average 28
Range (middle 80%) 25 - 31
Salary
Average annual pay forgone to enter program $65,000
* Paper based equivalent. See TOEFL concordance table for computer-based score equivalents.
ADMISSIONS
Application fee: $140
2,971 people applied to the full-time MBA program in 2001. The school accepted 17% (selectivity) of those applicants, and 51% of admitted applicants (yield) enrolled in the program.
The B-school placed 445 applicant(s) on its wait list, from which 30 were ultimately accepted. 10% of applicants had applied in prior years, and of those reapplicants 25% were accepted.
Female applicants 25%
International applicants (1) 43%
Underrepresented minority (2) applicants 15%
Interviews for MBA applicants are:
Recommended
In 2001, the B-school interviewed 53% of its full-time MBA applicants, and 100% of its admitted applicants.
(1) Applicants from countries other than the school's home country.
(2) Defined as U.S. citizens who are African American, Hispanic American, and Native American.
INVESTMENT AND DEADLINES FOR CLASS OF 2004
Average total (not annual) cost of full-time MBA program
Resident $47,800
Nonresident $57,800
Expected monthly rent $600
Recommended annual budget (1) $42,000
Application deadline(s)
Nov. 1, 2001
Dec. 3, 2001
Jan. 8, 2002
Feb. 11, 2002
Deadline for scheduling an interview:
Apr. 1, 2005
Financial aid deadline(s):
May 2002
First-year MBAs:
Average financial aid package $27,616
Range (middle 80%) $0 - $45,000
Average first-year scholarship awards (not including loans) $6,454
Second-year MBAs:
Average financial aid package $25,825
Range (middle 80%) $0 - $43,000
Average second-year scholarship awards (not including loans) $9,371
Full-time MBAs receiving financial aid through B-school 74%
Graduate assistantships offered to qualifying second-year MBAs? No
Graduate assistantships offered to qualifying first-year MBAs? No
Scholarships are merit or need based?Both
79 full-tuition scholarships were awarded by the school to full-time MBAs in past 12 months
Guaranteed loan? (2) Yes
Maximum amount students can borrow: $45,000
Average outstanding loans for 2001 graduates: $36,264
(1) Student budget includes tuition fees and living expenses.
(2) Upon admission, any accepted applicant, regardless of nationality, and without the need of a cosigner, is eligible for a loan.
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