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2003 FULL-TIME MBA PROFILE
Iowa State University
College of Business

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


Address: Iowa State University
College of Business, 218 Carver Hall
Ames, IA 50011-2063
E-Mail: busgrad@iastate.edu
Web site: http://www.bus.iastate.edu


ENROLLMENT

2003/2004 Classes begin: Aug. 25, 2003
Aug. 23, 2004
Aug. 22, 2005

Year program was founded: 1985

Institution is: U.S., Public

Length of program: 21 months


Total graduate enrollment 311
Full-time MBA students 88
Part-time MBA students 159
Distance learning MBA students n/a
EMBA students n/a
PhD program students n/a
 
Current total undergraduate business school enrollment 3,635
 
Change in full-time class size in last 12 months 17%


STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 52%
International students (1) 57%
Married students n/a

For U.S. schools only:
African-American students 2%
Asian-American students 2%
Hispanic-American students n/a
Native American students n/a
White (non-Hispanic) students 38%

Students from the following regions:
Africa n/a
Asia 38%
Eastern Europe, Central Europe and Central Asia 7%
Latin America and the Carribean 2%
Middle East 5%
North America
 (Canada: n/a / U.S.: n/a  )
43%
Oceania n/a
Western Europe 5%

North American students by region:
Canada n/a
Mid-Atlantic U.S. n/a
Midwest U.S. 95%
Northeast U.S. n/a
South U.S. 5%
Southwest U.S. n/a
U.S. Possessions and territories n/a
West U.S. n/a

(1) Students from countries other than the school's home country.


CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores
Average 590
Range (middle 80%) 510 - 680

TOEFL Scores
Average TOEFL score 622
Minimum TOEFL score required 570

Work Experience (months)
Average 48
Range (middle 80%) 0 - 120
Enrolled students with one year or less of work experience 38%

Student Age (years)
Average 28
Range (middle 80%) 22 - 34

Salary
Average annual pay forgone to enter program n/a



ADMISSIONS

Application fee (resident): $20

Application fee (nonresident): $50

120 people applied to the full-time MBA program in 2003. The school accepted 55% (selectivity) of those applicants, and 64% 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. n/a of applicants had applied in prior years, and of those reapplicants n/a were accepted.

Applicant Profile:
Female applicants 40%
International applicants (1) 70%
Underrepresented minority (2) applicants 4%
Applicants with one year or less work experience n/a

Interviews for MBA applicants are:
Not offered

In 2003, the B-school interviewed n/a of its full-time MBA applicants, and n/a 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 $11,372
Nonresident $29,724
 
Expected monthly rent n/a
Recommended annual budget (Resident) (1) n/a
Recommended annual budget (Nonresident) n/a

2003-2004 Application deadline(s)
May 1, 2004

Rolling admissions? Yes

2003-2004 deadline(s) for scheduling an interview
n/a

2003-2004 Financial aid deadline(s):
All applicants: Feb. 14, 2004

First-year MBAs:
Average financial aid package $5,895
Range (middle 80%) n/a - n/a
Average first-year scholarship awards (not including loans) n/a

Second-year MBAs:
Average financial aid package $5,895
Range (middle 80%) n/a - n/a
Average second-year scholarship awards (not including loans) n/a
 

Graduate assistantships offered to qualifying MBAs? Yes

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

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

Guaranteed loan? (2) n/a
Maximum amount students can borrow: n/a

Average outstanding loans for 2003 graduates: n/a

Financial aid Web site:
http://www.financialaid.iastate.edu/

(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 Labh Hira
Hired as of July 2002
 
Program director Anthony Hendrickson
 
Admissions director Ronald Ackerman
 
Financial aid director Roberta Johnson, Interim Director
 
Career services director Mark Peterson
 
Alumni relations director Kim Schroeder


 
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