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2002 FULL-TIME MBA PROFILE
University of Michigan
University of Michigan Business School

Sections:  Getting In  | Academics & Lifestyle | Careers & Alumni Affairs | Graduate Comments


Address: 701 Tappan
Ann Arbor, MI 48109
E-Mail: umbs-comm@umich.edu
Web site: http://www.bus.umich.edu


ENROLLMENT

2002/2003 Classes begin: n/a

Year program was founded: 1924

Institution is: U.S., Public

Length of program: 16 months


Total graduate enrollment 1,877
Full-time 869
Part-time MBA students (on-campus) 944
Part-time MBA students (distance program) n/a
EMBA 126
PhD program 105
 
Current total undergraduate business school enrollment 655
 
Increase in full-time students during last 12 months n/a


STUDENT PROFILE

Female students in class 28%
International students (1) 30%
Underrepresented minority (2) students 9%
Married n/a

Percent students from following regions:
Africa 0%
Asia 20%
Central/South America, Mexico 9%
Eastern Europe 3%
Middle East 1%
North America
 (Canada: 2% / U.S.: 98%)
66%
Oceania 0%
Western Europe 2%

North American students by region:
Canada 2%
Mid-Atlantic U.S. 11%
Midwest U.S. 35%
Northeast U.S. 20%
South U.S. 9%
Southwest U.S. 9%
U.S. Possessions and territories 0%
West U.S. 16%

(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%) 620 - 730

TOEFL Scores*
Mean TOEFL score 644
Minimum TOEFL score required 600

Work Experience (months)
Average 66
Range (middle 80%) 48 - 96
Enrolled students with one year or less of work experience n/a

Student Age (years)
Average 28
Range (middle 80%) 25 - 32

Salary
Average annual pay forgone to enter program $65,774

* Paper-based equivalent. See TOEFL concordance table for computer-based score equivalents.


ADMISSIONS

Application fee (resident): $125

Application fee (non resident): $125

4,048 people applied to the full-time MBA program in 2002. The school accepted 19% (selectivity) of those applicants, and 57% of admitted applicants (yield) enrolled in the program.

The B-school placed n/a applicant(s) on its wait list, from which n/a ultimately enrolled in the program. 7% of applicants had applied in prior years, and of those reapplicants 24% were accepted.

Applicant Profile:
Female applicants 24%
International applicants (1) 47%
Underrepresented minority (2) applicants 13%
Applicants with one year or less work experience 1%

Interviews for MBA applicants are:
Recommended

In 2002, the B-school interviewed 77% 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 2005

Estimated TOTAL (not annual) cost of full-time MBA program (U.S. dollars)
Resident $55,372
Nonresident $65,372
 
Expected monthly rent $900
Recommended annual budget (1) $47,932

Application deadline(s) Nov. 1, 2002
Jan. 7, 2003
Mar. 1, 2003


Rolling admissions? No

Financial aid deadline(s): Mar. 15, 2002
Mar. 15, 2002

First-year MBAs:
Average financial aid package $40,000
Range (middle 80%) $1,000 - $45,550
Average first-year scholarship awards (not including loans) $14,600

Second-year MBAs:
Average financial aid package $40,900
Range (middle 80%) $1,000 - $43,550
Average second-year scholarship awards (not including loans) $16,198
 
Full-time MBAs receiving financial aid through B-school 74%

Graduate assistantships offered to qualifying MBAs? Yes

Scholarships are merit or need based?
Merit-based
Need-based

86 full-tuition scholarships were awarded by the school to full-time MBAs in the past 12 months

Guaranteed loan? (2) Yes

Maximum amount students can borrow: $45,550

Average outstanding loans for 2002 graduates: $71,300

Financial aid web-site:
n/a

(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.


CONTACTS

Dean Robert J. Dolan
Hired as of July 1, 2001
 
MBA program director Gene Anderson
 
MBA admissions director Kris Nebel
 
MBA financial aid director Michael White
 
MBA career services director Al Cotrone
 
Alumni relations director Ann Lacivita


 
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MICHIGAN INSIDER CONTENT
Admissions Q&A
Admission Interview Tips
Sample Application Essays
Best Schools for Management
School Tour

MICHIGAN PROFILES
Full-time '04 | '03 | '02 | '01 | '00 | '99 | '98
Part-time '04 | '03 | '02 | '01 | '00
EMBA '03 | '01
Exec ed '03 | '01

MICHIGAN INFO
Admissions Q&A '03 | '02 | '99 | '97
Placement Q&A '04 | '02 | '00 | '98
Financial Aid Q&A '99 |
Dean Q&A '01
Video Views Professor Thomas Gladwin | B-School Roundtable
Search for articles about Michigan

MICHIGAN RANKINGS
Full-time MBA rank:
2004:  6    1994:  6    
2002:  8    1992:  5    
2000:  6    1990:  7    
1998:  4    1988:  6    
1996:  2    
BW ranking history

Exec Ed rank:
2003:  3    1997:  2    
2001:  3    1993:  --    
1999:  2    1991:  1    



Sections:  Getting In  | Academics & Lifestyle | Careers & Alumni Affairs | Graduate Comments

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