2003 FULL-TIME MBA PROFILE
The Pennsylvania State University
The Mary Jean and Frank P. Smeal College of Business Administration — Penn State Smeal MBA Program
Current total undergraduate business school enrollment
5,127
Change in full-time class size in last 12 months
13%
STUDENT PROFILE - MOST RECENT ENTERING CLASS
Female students in class
29%
International students (1)
34%
Married students
n/a
For U.S. schools only:
African-American students
6%
Asian-American students
10%
Hispanic-American students
3%
Native American students
0%
White (non-Hispanic) students
48%
Students from the following regions:
Africa
1%
Asia
30%
Eastern Europe, Central Europe and Central Asia
2%
Latin America and the Carribean
n/a
Middle East
n/a
North America
(Canada: n/a / U.S.: n/a )
66%
Oceania
n/a
Western Europe
1%
North American students by region:
Canada
n/a
Mid-Atlantic U.S.
16%
Midwest U.S.
16%
Northeast U.S.
49%
South U.S.
6%
Southwest U.S.
6%
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
653
Range (middle 80%)
720
-
580
TOEFL Scores
Average TOEFL score
647
Minimum TOEFL score required
600
Work Experience (months)
Average
59
Range (middle 80%)
108
-
19
Enrolled students with one year or less of work experience
6%
Student Age (years)
Average
28
Range (middle 80%)
24
-
33
Salary
Average annual pay forgone to enter program
n/a
ADMISSIONS
Application fee (resident): $60
Application fee (nonresident): $60
666 people applied to the full-time MBA program in 2003. The school accepted 36% (selectivity) of those applicants, and 42% of admitted applicants (yield) enrolled in the program.
The B-school placed 26 applicant(s) on its wait list, from which 4 ultimately enrolled in the program. 4% of applicants had applied in prior years, and of those reapplicants 40% were accepted.
Applicant Profile:
Female applicants
29%
International applicants (1)
53%
Underrepresented minority (2) applicants
6%
Applicants with one year or less work experience
16%
Interviews for MBA applicants are:
Required
In 2003, the B-school interviewed 88% 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
$24,996
Nonresident
$44,764
Expected monthly rent
$555
Recommended annual budget (Resident) (1)
$21,446
Recommended annual budget (Nonresident)
$31,330
2003-2004 Application deadline(s) All applicants: Dec. 1, 2003 International applicants: Feb. 1, 2004 Apr. 15, 2004
Rolling admissions?
Yes
2003-2004 deadline(s) for scheduling an interview International applicants: Mar. 1, 2004 Apr. 15, 2004
2003-2004 Financial aid deadline(s): All applicants: Feb. 1, 2004
First-year MBAs:
Average financial aid package
$12,537
Range (middle 80%)
$24,132
-
$2,000
Average first-year scholarship awards (not including loans)
$5,068
Second-year MBAs:
Average financial aid package
$19,090
Range (middle 80%)
$5,000
-
$24,065
Average second-year scholarship awards (not including loans)
$5,000
Graduate assistantships offered to qualifying MBAs? Yes
Scholarships are merit or need based? Scholarships are Merit-based
18 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: $26,063
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Copyright 2003, Bloomberg L.P.
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