ENROLLMENT
| 2003/2004 Classes begin: |
Aug. 25, 2003
|
Year program was founded: 1936
Institution is: U.S., Public
Length of program: 21 months
| Total graduate enrollment | 2,046 |
| Full-time MBA students | 237 |
| Part-time MBA students | 1,300 |
| Distance learning MBA students | 0 |
| EMBA students | 103 |
| PhD program students | 114 |
| |
| Current total undergraduate business school enrollment | 1,653 |
| |
| Change in full-time class size in last 12 months | -11% |
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 | 2% |
| Asian-American students | 4% |
| Hispanic-American students | 2% |
| Native American students | 0% |
| White (non-Hispanic) students | 65% |
Students from the following regions:
| Africa | 0% |
| Asia | 18% |
| Eastern Europe, Central Europe and Central Asia | 2% |
| Latin America and the Carribean | 4% |
| Middle East | 1% |
North America
(Canada: 0% / U.S.: 100%) | 73% |
| Oceania | 0% |
| Western Europe | 4% |
North American students by region:
| Canada | 0% |
| Mid-Atlantic U.S. | 1% |
| Midwest U.S. | 77% |
| Northeast U.S. | 1% |
| South U.S. | 7% |
| Southwest U.S. | 7% |
| U.S. Possessions and territories | 0% |
| West U.S. | 6% |
(1) Students from countries other than the school's home country.
CLASS TRAITS - MOST RECENT ENTERING CLASS
GMAT Scores
| Average | 654 |
| Range (middle 80%) | 590 | - | 710 |
TOEFL Scores
| Average TOEFL score | 634 |
| Minimum TOEFL score required | 580 |
Work Experience (months)
| Average | 51 |
| Range (middle 80%) | 12 | - | 96 |
| Enrolled students with one year or less of work experience | 12% |
Student Age (years)
| Average | 28 |
| Range (middle 80%) | 25 | - | 33 |
Salary
| Average annual pay forgone to enter program | n/a |
ADMISSIONS
Application fee (resident): $60
Application fee (nonresident): $90
703 people applied to the full-time MBA program in 2003. The school accepted 42% (selectivity) of those applicants, and 39% of admitted applicants (yield) enrolled in the program.
The B-school placed 25 applicant(s) on its wait list, from which 5 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 | 23% |
| International applicants (1) | 63% |
| Underrepresented minority (2) applicants | 3% |
| Applicants with one year or less work experience | 9% |
Interviews for MBA applicants are:
Recommended
In 2003, the B-school interviewed 25% of its full-time MBA applicants, and 50% 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 | $40,000 |
| Nonresident | $55,000 |
| |
| Expected monthly rent | $750 |
| Recommended annual budget (Resident) (1) | $33,500 |
| Recommended annual budget (Nonresident) | $41,000 |
2003-2004 Application deadline(s)
International applicants: Dec. 1, 2003
Jan. 1, 2004
International applicants: Feb. 15, 2004
Mar. 1, 2004
Apr. 1, 2004
|
| Rolling admissions? |
No
|
2003-2004 deadline(s) for scheduling an interview
All applicants: Apr. 1, 2004
|
2003-2004 Financial aid deadline(s):
All applicants: Mar. 1, 2004
|
First-year MBAs:
| Average financial aid package | $16,360 |
| Range (middle 80%) | $7,000 | - | $30,000 |
| Average first-year scholarship awards (not including loans) | $16,360 |
Second-year MBAs:
| Average financial aid package | $11,000 |
| Range (middle 80%) | $1,000 | - | $25,000 |
| Average second-year scholarship awards (not including loans) | $11,000 |
| |
Graduate assistantships offered to qualifying MBAs? Yes
Scholarships are merit or need based?
Scholarships are Merit-based
22 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 2003 graduates: $34,897
Financial aid Web site:
http://www.onestop.umn.edu/Finances/index.html
(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
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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