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2003 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 Street
Ann Arbor, MI 48109-1234
E-Mail: umbsmba@umich.edu
Web site: http://www.bus.umich.edu


ENROLLMENT

2003/2004 Classes begin: Sept. 2, 2003

Year program was founded: 1924

Institution is: U.S., Public

Length of program: 20 months


Total graduate enrollment 2,948
Full-time MBA students 867
Part-time MBA students 998
Distance learning MBA students n/a
EMBA students 124
PhD program students 99
 
Current total undergraduate business school enrollment 690
 
Change in full-time class size in last 12 months n/a


STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 24%
International students (1) 27%
Married students n/a

For U.S. schools only:
African-American students 3%
Asian-American students 20%
Hispanic-American students 3%
Native American students n/a
White (non-Hispanic) students 40%

Students from the following regions:
Africa 2%
Asia 12%
Eastern Europe, Central Europe and Central Asia 2%
Latin America and the Carribean 4%
Middle East 4%
North America
 (Canada: 3% / U.S.: 97%)
75%
Oceania 2%
Western Europe 2%

North American students by region:
Canada 3%
Mid-Atlantic U.S. 8%
Midwest U.S. 33%
Northeast U.S. 21%
South U.S. 7%
Southwest U.S. 8%
U.S. Possessions and territories 1%
West U.S. 22%

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


CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores
Average 692
Range (middle 80%) 640 - 740

TOEFL Scores
Average TOEFL score 645
Minimum TOEFL score required 600

Work Experience (months)
Average 64
Range (middle 80%) 41 - 89
Enrolled students with one year or less of work experience 4%

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

Salary
Average annual pay forgone to enter program $60,699



ADMISSIONS

Application fee (resident): $180

Application fee (nonresident): $180

3,360 people applied to the full-time MBA program in 2003. The school accepted 22% (selectivity) of those applicants, and 55% of admitted applicants (yield) enrolled in the program.

The B-school placed 535 applicant(s) on its wait list, from which 86 ultimately enrolled in the program. 9% of applicants had applied in prior years, and of those reapplicants 17% were accepted.

Applicant Profile:
Female applicants 25%
International applicants (1) 48%
Underrepresented minority (2) applicants 12%
Applicants with one year or less work experience n/a

Interviews for MBA applicants are:
Recommended

In 2003, the B-school interviewed 78% 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 $59,375
Nonresident $69,375
 
Expected monthly rent $800
Recommended annual budget (Resident) (1) $46,311
Recommended annual budget (Nonresident) $51,311

2003-2004 Application deadline(s)
All applicants: Nov. 1, 2003
All applicants: Jan. 7, 2004
All applicants: Mar. 1, 2004

Rolling admissions? No

2003-2004 deadline(s) for scheduling an interview
All applicants: Nov. 1, 2003
All applicants: Jan. 7, 2004
All applicants: Mar. 1, 2004

2003-2004 Financial aid deadline(s):
All applicants: Mar. 1, 2004
All applicants: Mar. 1, 2004

First-year MBAs:
Average financial aid package $12,906
Range (middle 80%) $2,000 - $32,687
Average first-year scholarship awards (not including loans) $12,906

Second-year MBAs:
Average financial aid package $15,584
Range (middle 80%) $2,000 - $32,687
Average second-year scholarship awards (not including loans) $15,584
 

Graduate assistantships offered to qualifying MBAs? No

Scholarships are merit or need based?
n/a

92 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: $51,311

Average outstanding loans for 2003 graduates: $65,600

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 Dolan
Hired as of July 2001
 
Program director Gene Anderson
 
Admissions director Kristina Nebel
 
Financial aid director Michael White
 
Career services director Allan 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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