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2004 FULL-TIME MBA PROFILE
University of Michigan
Stephen M. Ross School of Business at the University of Michigan
Address: 701 Tappan Street
Ann Arbor, MI 48109-1234
E-Mail: n/a
Web links: B-school Web site
Directions to school
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B-SCHOOL & PROGRAM BASICS

Classes begin Sept. 7, 2004

Year program was founded 1924
Institution is U.S., Public
Business school accreditation:
AACSB
Length of program 20 months

Enrollment
Total graduate business students 2,816
Full-time MBA students 841
Part-time MBA students 952
Distance MBA students n/a
Executive MBA students 118
PhD program students 85
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 677
 
Change in full-time class size in past academic year 0%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 31%
International students 1 36%
Married students n/a

For U.S. schools only:
African American students 8%
Alaskan Native of Pacific Islander American students n/a
Asian American students 13%
Mexican American students n/a
Puerto Rican students n/a
Other Hispanic American students 3%
White (non-Hispanic) students 35%
Multiethnic/Multiracial students n/a
Not reported 4%
Other n/a

Students from the following regions:
Africa 0%
Asia 30%
Eastern Europe, Central Europe and Central Asia 3%
Latin America and the Caribbean 5%
Middle East 1%
North America
 (Canada: 1% / U.S.: 99%)
61%
Oceania 0%
Western Europe 1%

North American students by region:
Canada 1%
Mid-Atlantic U.S. 11%
Midwest U.S. 38%
Northeast U.S. 19%
South U.S. 5%
Southwest U.S. 6%
U.S. Possessions and territories 0%
West U.S. 20%

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

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
200420032002
Average692692681
Median690690690
Range (middle 80%)640-740n/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 645
Minimum TOEFL score required 600

Work Experience (months)
Average 62
Range (middle 80%) 42 - 90
New entrants with one year or less of work experience 1%

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

Salary
Average base salary forgone to enter program $53,667


ADMISSIONS

Application fee (resident) $180
Application fee (nonresident) $180

2,068 people applied to the full-time MBA program in 2004. The school accepted 35% (selectivity) of those applicants, and 61% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
200420032002
Selectivity35%22%19%
Yield61%55%57%

9% of applicants had applied in prior years, and of those reapplicants 47% were accepted.

The B-school placed 254 applicant(s) on its wait list. 102 wait-listed applicants were admitted to the semester for which they applied.

Applicant Profile:
Female applicants 26%
International applicants 1 42%

Interviews for MBA applicants are:
Recommended

In 2004, the B-school interviewed 72% of its full-time MBA applicants, and 100% 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$65,376$59,375$55,372
Nonresident$75,376$69,375$65,372
Expected monthly rent $825
Recommended annual budget (Resident) 1 $48,799
Recommended annual budget (Nonresident) $53,799

2004-2006 DEADLINES:
Application deadline(s)
All applicants:  Nov. 1, 2004
All applicants:  Jan. 7, 2005
All applicants:  Mar. 1, 2005

Rolling admissions? No

Deadline(s) for scheduling an interview
All applicants:  Nov. 1, 2004
All applicants:  Jan. 7, 2005
All applicants:  Mar. 1, 2005

Financial aid deadline(s)
All applicants:  Mar. 1, 2004
All applicants:  Mar. 1, 2005

FINANCIAL AID:
Full-time MBAs apply for financial aid through a Dedicated financial aid office at the B-school

83% of full-time MBAs applied for financial aid for the 2004-2005 academic year. 87% 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, 39% received institutional scholarships, n/a received assistantships, and 83% received loans.

Average financial aid package for the 2004-2005 academic year (includes scholarships, assistantships, and loans) $53,399
Scholarships: Based on financial need
academic merit


68 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?
All candidates are considered for scholarship


Average scholarship awarded $15,830
Guaranteed loan offered? 2 Yes
Maximum amount students can borrow $53,799
Average outstanding loans for 2004 graduates $63,500


(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 J Dolan
Hired as of July 2001
 
Program director Eugene Anderson
 
Admissions director James P. Hayes
 
Financial aid director Michael White
 
Career services director Allan Cotrone
 
Alumni relations director n/a

 
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Full-time '04 | '03 | '02 | '01 | '00 | '99 | '98
Part-time '04 | '03 | '02 | '01 | '00
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MICHIGAN INFO
Admissions Q&A '03 | '02 | '99 | '97
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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    



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