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2001 FULL-TIME MBA PROFILE
Wake Forest University
Babcock Graduate School of Management
ENROLLMENT
2001/2002 Classes begin: Aug. 2002
Year program was founded: 1969
Total graduate enrollment 667
Full-time 216
Part-time MBA students (on-campus) 320
Part-time MBA students (distance program) n/a
EMBA 107
PhD program 0
Current total undergraduate business school enrollment n/a
Increase in full-time students during last 12 months n/a
STUDENT PROFILE
Female students in class 23%
International students (1) 32%
Underrepresented minority (2) students 8%
Married n/a%
Percent students from following regions:
Africa 0%
Asia 20%
Central/South America, Mexico 3%
Eastern Europe 4%
Middle East 3%
North America
(Canada: n/a / U.S.: n/a ) 68%
Oceania n/a
Western Europe 2%
North American students by region:
Canada n/a
Mid-Atlantic U.S. 9%
Midwest U.S. 5%
Northeast U.S. 7%
South U.S. 46%
Southwest U.S. n/a
U.S. Possessions and territories n/a
West U.S. 1%
(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 643
Range (middle 80%) 590 - 710
TOEFL Scores*
Mean TOEFL score 629
Minimum TOEFL score required 600
Work Experience (months)
Average 51
Range (middle 80%) 14 - 96
Enrolled students with less one year or less work experience 8%
Student Age (years)
Average 27
Range (middle 80%) 23 - 31
Salary
Average annual pay forgone to enter program $40,272
* Paper based equivalent. See TOEFL concordance table for computer-based score equivalents.
ADMISSIONS
Application fee: $50
495 people applied to the full-time MBA program in 2001. The school accepted 47% (selectivity) of those applicants, and 46% of admitted applicants (yield) enrolled in the program.
The B-school placed n/a applicant(s) on its wait list, from which n/a were ultimately accepted. 1% of applicants had applied in prior years, and of those reapplicants 50% were accepted.
Female applicants 28%
International applicants (1) 54%
Underrepresented minority (2) applicants 7%
Interviews for MBA applicants are:
Recommended
In 2001, the B-school interviewed 41% of its full-time MBA applicants, and 49% 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 $46,250
Nonresident $46,250
Expected monthly rent $500
Recommended annual budget (1) $36,205
Application deadline(s)
Dec. 1, 2001
Feb. 1, 2002
Mar. 1, 2002
Apr. 1, 2002
Deadline for scheduling an interview:
Apr. 1, 2002
Financial aid deadline(s):
Mar. 2002
Apr. 2002
First-year MBAs:
Average financial aid package $36,205
Range (middle 80%) $5,000 - $36,205
Average first-year scholarship awards (not including loans) $8,985
Second-year MBAs:
Average financial aid package $23,322
Range (middle 80%) $5,000 - $36,205
Average second-year scholarship awards (not including loans) $7,917
Full-time MBAs receiving financial aid through B-school 81%
Graduate assistantships offered to qualifying second-year MBAs? Yes
Graduate assistantships offered to qualifying first-year MBAs? No
Scholarships are merit or need based?Merit based
13 full-tuition scholarships were awarded by the school to full-time MBAs in past 12 months
Guaranteed loan? (2) No
Maximum amount students can borrow: n/a
Average outstanding loans for 2001 graduates: $44,540
(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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