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2002 FULL-TIME MBA PROFILE
Washington University in St. Louis
John M. Olin School of Business
ENROLLMENT
2002/2003 Classes begin:
Aug. 26, 2003
Year program was founded: 1953
Institution is: U.S., Private
Length of program: 21 months
Total graduate enrollment 1,002
Full-time 313
Part-time MBA students (on-campus) 354
Part-time MBA students (distance program) n/a
EMBA 283
PhD program 37
Current total undergraduate business school enrollment 777
Increase in full-time students during last 12 months n/a
STUDENT PROFILE
Female students in class 22%
International students (1) 33%
Underrepresented minority (2) students 8%
Married 30%
Percent students from following regions:
Africa 1%
Asia 28%
Central/South America, Mexico 1%
Eastern Europe 2%
Middle East 0%
North America
(Canada: 1% / U.S.: 99% ) 67%
Oceania 0%
Western Europe 1%
North American students by region:
Canada 1%
Mid-Atlantic U.S. 5%
Midwest U.S. 60%
Northeast U.S. 19%
South U.S. 8%
Southwest U.S. 4%
U.S. Possessions and territories 1%
West U.S. 4%
(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 651
Range (middle 80%) 590 - 710
TOEFL Scores*
Mean TOEFL score 627
Minimum TOEFL score required 590
Work Experience (months)
Average 66
Range (middle 80%) 25 - 120
Enrolled students with one year or less of work experience 4%
Student Age (years)
Average 29
Range (middle 80%) 25 - 34
Salary
Average annual pay forgone to enter program $53,008
* Paper-based equivalent. See TOEFL concordance table for computer-based score equivalents.
ADMISSIONS
Application fee (resident): $100
Application fee (non resident): $100
1,083 people applied to the full-time MBA program in 2002. The school accepted 35% (selectivity) of those applicants, and 44% of admitted applicants (yield) enrolled in the program.
The B-school placed 217 applicant(s) on its wait list, from which 23 ultimately enrolled in the program. 6% of applicants had applied in prior years, and of those reapplicants 49% were accepted.
Applicant Profile:
Female applicants 28%
International applicants (1) 58%
Underrepresented minority (2) applicants 14%
Applicants with one year or less work experience 1%
Interviews for MBA applicants are:
Recommended
In 2002, the B-school interviewed 62% of its full-time MBA applicants, and 77% 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 $60,580
Nonresident $60,580
Expected monthly rent $650
Recommended annual budget (1) $51,822
Application deadline(s)
Nov. 8, 2002
Jan. 10, 2003
Mar. 7, 2003
Apr. 25, 2003
Rolling admissions?
No
Financial aid deadline(s):
July 1, 2003
First-year MBAs:
Average financial aid package $36,000
Range (middle 80%) $4,000 - $52,000
Average first-year scholarship awards (not including loans) $11,200
Second-year MBAs:
Average financial aid package $44,000
Range (middle 80%) $4,000 - $64,000
Average second-year scholarship awards (not including loans) $10,559
Full-time MBAs receiving financial aid through B-school 65%
Graduate assistantships offered to qualifying MBAs? Yes
Scholarships are merit or need based?
Merit-based
23 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: $54,822
Average outstanding loans for 2002 graduates: n/a
Financial aid web-site:
http://www.olin.wustl.edu/finaid
(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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