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DESIGN & INNOVATION PROGRAMS
2002 FULL-TIME MBA PROFILE University of Minnesota/Twin Cities Carlson School of Management
ENROLLMENT
2002/2003 Classes begin:
Aug. 20, 2003
Year program was founded: 1936 U.S., Public 21 months
Total graduate enrollment 1,852
Full-time 240
Part-time MBA students (on-campus) 1,100
Part-time MBA students (distance program) n/a
EMBA 114
PhD program 111
Current total undergraduate business school enrollment 1,600
Increase in full-time students during last 12 months 20%
STUDENT PROFILE
Female students in class 22%
International students (1) 31%
Underrepresented minority (2) students 4%
Married n/a
Percent students from following regions:
Africa 1%
Asia 22%
Central/South America, Mexico 3%
Eastern Europe 1%
Middle East 1%
North America(Canada: 1% / U.S.: 99% ) 69%
Oceania 0%
Western Europe 3%
North American students by region:
Canada 1%
Mid-Atlantic U.S. 2%
Midwest U.S. 72%
Northeast U.S. 9%
South U.S. 1%
Southwest U.S. 0%
U.S. Possessions and territories 0%
West U.S. 15%
(1) Students from countries other than the school's home country. CLASS TRAITS GMAT Scores
Average 645
Range (middle 80%) 570 - 710
TOEFL Scores*
Mean TOEFL score 628
Minimum TOEFL score required 580
Work Experience (months)
Average 66
Range (middle 80%) 24 - 120
Enrolled students with one year or less of work experience 4%
Student Age (years)
Average 30
Range (middle 80%) 26 - 35
Salary
Average annual pay forgone to enter program n/a
* Paper-based equivalent. See TOEFL concordance table for computer-based score equivalents.
ADMISSIONS Application fee (resident): $60 Application fee (non resident): $90 765 people applied to the full-time MBA program in 2002. The school accepted 40% (selectivity) of those applicants, and 42% of admitted applicants (yield) enrolled in the program.23 applicant(s) on its wait list, from which 2 ultimately enrolled in the program. n/a of applicants had applied in prior years, and of those reapplicants n/a were accepted.
Applicant Profile:
Female applicants 28%
International applicants (1) 62%
Underrepresented minority (2) applicants 2%
Applicants with one year or less work experience 13%
Interviews for MBA applicants are:
Recommended
22% of its full-time MBA applicants, and 36% of its admitted applicants.
(1) Applicants from countries other than the school's home country. INVESTMENT AND DEADLINES FOR CLASS OF 2005 Estimated TOTAL (not annual) cost of full-time MBA program (U.S. dollars)
Resident $38,000
Nonresident $52,000
Expected monthly rent $750
Recommended annual budget (1) $40,800
Application deadline(s)
Dec. 1, 2002
Rolling admissions?
No
Financial aid deadline(s):
Apr. 1, 2003
First-year MBAs:
Average financial aid package $16,838
Range (middle 80%) $537 - $37,634
Average first-year scholarship awards (not including loans) $16,322
Second-year MBAs:
Average financial aid package $17,498
Range (middle 80%) $137 - $33,334
Average second-year scholarship awards (not including loans) $14,243
Full-time MBAs receiving financial aid through B-school 32%
Graduate assistantships offered to qualifying MBAs? Yes Merit-based
17 full-tuition scholarships were awarded by the school to full-time MBAs in the past 12 monthsNo n/a $29,303 http://onestop.umn.edu/Finances/index.html
(1) Student budget includes tuition fees and living expenses. CONTACTS
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