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2002 FULL-TIME MBA PROFILE
Vanderbilt University
Owen Graduate School of Management
ENROLLMENT
2002/2003 Classes begin:
Aug. 25, 2003
Year program was founded: 1969
Institution is: U.S., Private
Length of program: 21 months
Total graduate enrollment 577
Full-time 442
Part-time MBA students (on-campus) n/a
Part-time MBA students (distance program) n/a
EMBA 122
PhD program 13
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 24%
International students (1) 22%
Underrepresented minority (2) students 4%
Married 19%
Percent students from following regions:
Africa 1%
Asia 13%
Central/South America, Mexico 5%
Eastern Europe 1%
Middle East 1%
North America
(Canada: 1% / U.S.: 99% ) 1%
Oceania 0%
Western Europe 1%
North American students by region:
Canada 1%
Mid-Atlantic U.S. 10%
Midwest U.S. 7%
Northeast U.S. 15%
South U.S. 34%
Southwest U.S. 5%
U.S. Possessions and territories 0%
West U.S. 6%
(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 648
Range (middle 80%) 590 - 710
TOEFL Scores*
Mean TOEFL score 628
Minimum TOEFL score required 600
Work Experience (months)
Average 56
Range (middle 80%) 24 - 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 $52,198
* Paper-based equivalent. See TOEFL concordance table for computer-based score equivalents.
ADMISSIONS
Application fee (resident): $100
Application fee (non resident): $100
1,024 people applied to the full-time MBA program in 2002. The school accepted 47% (selectivity) of those applicants, and 46% of admitted applicants (yield) enrolled in the program.
The B-school placed 190 applicant(s) on its wait list, from which 59 ultimately enrolled in the program. 4% of applicants had applied in prior years, and of those reapplicants 51% were accepted.
Applicant Profile:
Female applicants 23%
International applicants (1) 43%
Underrepresented minority (2) applicants 9%
Applicants with one year or less work experience 3%
Interviews for MBA applicants are:
Required Recommended
In 2002, the B-school interviewed 87% 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 $58,320
Nonresident $58,320
Expected monthly rent $600
Recommended annual budget (1) $47,074
Application deadline(s)
Nov. 30, 2002
Jan. 31, 2003
Mar. 15, 2003
Apr. 15, 2003
Rolling admissions?
Yes
Financial aid deadline(s):
May 1, 2003
First-year MBAs:
Average financial aid package $40,834
Range (middle 80%) $7,000 - $49,596
Average first-year scholarship awards (not including loans) $16,058
Second-year MBAs:
Average financial aid package $38,480
Range (middle 80%) $6,860 - $49,596
Average second-year scholarship awards (not including loans) $17,492
Full-time MBAs receiving financial aid through B-school 60%
Graduate assistantships offered to qualifying MBAs? Yes
Scholarships are merit or need based?
Merit-based
32 full-tuition scholarships were awarded by the school to full-time MBAs in the past 12 months
Guaranteed loan? (2) No
Maximum amount students can borrow: n/a
Average outstanding loans for 2002 graduates: $61,779
Financial aid web-site:
http://www.owen.edu/mba/finanaid.cfm
(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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