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2004 FULL-TIME MBA PROFILE
Iowa State University
College of Business
Address: Iowa State University
College of Business, 1360 Gerdin Business Building
Ames, IA 50011-1350
E-Mail: busgrad@iastate.edu
Web links: B-school Web site
 Getting In  Academics & Lifestyle Careers & Alumni Affairs

B-SCHOOL & PROGRAM BASICS

Classes begin Aug. 23, 2004
Aug. 22, 2005
Aug. 21, 2006

Year program was founded 1985
Institution is U.S., Public
Business school accreditation:
AACSB
Length of program 21 months

Enrollment
Total graduate business students 277
Full-time MBA students 88
Part-time MBA students 154
Distance MBA students n/a
Executive MBA students n/a
PhD program students n/a
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 4,288
 
Change in full-time class size in past academic year -14%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 42%
International students 1 36%
Married students n/a

For U.S. schools only:
African American students 3%
Alaskan Native of Pacific Islander American students n/a
Asian American students n/a
Mexican American students n/a
Puerto Rican students n/a
Other Hispanic American students n/a
White (non-Hispanic) students 61%
Multiethnic/Multiracial students n/a
Not reported n/a
Other n/a

Students from the following regions:
Africa n/a
Asia 28%
Eastern Europe, Central Europe and Central Asia 3%
Latin America and the Caribbean n/a
Middle East n/a
North America
 (Canada: n/a / U.S.: n/a  )
n/a
Oceania n/a
Western Europe 5%

North American students by region:
Canada n/a
Mid-Atlantic U.S. 6%
Midwest U.S. 58%
Northeast U.S. n/a
South U.S. n/a
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 - Historical Chart
200420032002
Average593590622
Median610580620
Range (middle 80%)490-680n/an/a

GMAT scores are required as part of the application.


TOEFL Scores
TOEFL scores are required for applicants whose native language is not English.

Average TOEFL score 613
Minimum TOEFL score required 600

Work Experience (months)
Average 48
Range (middle 80%) 0 - 120
New entrants with one year or less of work experience 47%

Student Age (years)
Average 27
Range (middle 80%) 22 - 34

Salary
Average base salary forgone to enter program n/a


ADMISSIONS

Application fee (resident) $30
Application fee (nonresident) $70

122 people applied to the full-time MBA program in 2004. The school accepted 57% (selectivity) of those applicants, and 52% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
200420032002
Selectivity57%55%48%
Yield52%64%45%

0% of applicants had applied in prior years, and of those reapplicants n/a were accepted.

The B-school placed 0 applicant(s) on its wait list. n/a wait-listed applicants were admitted to the semester for which they applied.

Applicant Profile:
Female applicants 39%
International applicants 1 64%

Interviews for MBA applicants are:
Not offered

In 2004, 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.

COSTS, DEADLINES & FINANCIAL AID

COSTS:
Estimated TOTAL (not annual) cost of full-time MBA program (U.S. dollars)
200420032002
Resident$12,593$11,372$10,000
Nonresident$32,677$29,724$29,000
Expected monthly rent n/a
Recommended annual budget (Resident) 1 $17,283
Recommended annual budget (Nonresident) $26,918

2004-2006 DEADLINES:
Application deadline(s)
International applicants:  Mar. 1, 2005
International applicants:  Mar. 1, 2006

Rolling admissions? No

Deadline(s) for scheduling an interview
n/a

Financial aid deadline(s)
International applicants:  Mar. 1, 2005
International applicants:  Mar. 1, 2006
International applicants:  June 1, 2006

FINANCIAL AID:
Full-time MBAs apply for financial aid through a Central financial aid office at the university

n/a of full-time MBAs applied for financial aid for the 2004-2005 academic year. n/a of full-time MBAs received some form of financial aid for the 2004-2005 academic year.

Of those who received financial aid for the 2004-2005 academic year, n/a received institutional scholarships, n/a received assistantships, and n/a received loans.

Average financial aid package for the 2004-2005 academic year (includes scholarships, assistantships, and loans) n/a
Scholarships: Based on academic merit


0 full-tuition scholarships were awarded by the school to full-time MBAs for the 2004-2005 academic year.

How does an applicant apply for scholarship consideration?
As part of the admissions application


Average scholarship awarded n/a
Guaranteed loan offered? 2 n/a
Maximum amount students can borrow n/a
Average outstanding loans for 2004 graduates 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 Labh Hira
Hired as of July 2002
 
Program director Anthony Hendrickson
 
Admissions director Ron Ackerman
 
Financial aid director n/a
 
Career services director Mark Peterson
 
Alumni relations director Kim Schroeder

 
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