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2004 FULL-TIME MBA PROFILE
Michigan State University
Eli Broad Graduate School of Management
Address: 215 Eppley Center
Michigan State University
East Lansing, MI 48824
E-Mail: mba@msu.edu
Web links: B-school Web site
Directions to school
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B-SCHOOL & PROGRAM BASICS

Classes begin Aug. 30, 2004
Aug. 29, 2005
Aug. 28, 2006

Year program was founded 1960
Institution is U.S., Public
Business school accreditation:
AACSB
Length of program 21 months

Enrollment
Total graduate business students 689
Full-time MBA students 201
Part-time MBA students 123
Distance MBA students n/a
Executive MBA students 116
PhD program students 71
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 4,301
 
Change in full-time class size in past academic year 10%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 32%
International students 1 35%
Married students 32%

For U.S. schools only:
African American students 7%
Alaskan Native of Pacific Islander American students 0%
Asian American students 12%
Mexican American students 1%
Puerto Rican students 0%
Other Hispanic American students 3%
White (non-Hispanic) students 42%
Multiethnic/Multiracial students 1%
Not reported 0%
Other 0%

Students from the following regions:
Africa 1%
Asia 20%
Eastern Europe, Central Europe and Central Asia 2%
Latin America and the Caribbean 10%
Middle East 0%
North America
 (Canada: 0% / U.S.: 100%)
65%
Oceania 0%
Western Europe 1%

North American students by region:
Canada 0%
Mid-Atlantic U.S. 6%
Midwest U.S. 69%
Northeast U.S. 4%
South U.S. 1%
Southwest U.S. 9%
U.S. Possessions and territories 0%
West U.S. 11%

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

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
200420032002
Average637646639
Median640640640
Range (middle 80%)540-720n/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 628
Minimum TOEFL score required 600

Work Experience (months)
Average 60
Range (middle 80%) 24 - 108
New entrants with one year or less of work experience 0%

Student Age (years)
Average 28
Range (middle 80%) 25 - 34

Salary
Average base salary forgone to enter program $52,703


ADMISSIONS

Application fee (resident) $85
Application fee (nonresident) $85

648 people applied to the full-time MBA program in 2004. The school accepted 32% (selectivity) of those applicants, and 53% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
200420032002
Selectivity32%25%22%
Yield53%40%53%

2% of applicants had applied in prior years, and of those reapplicants 36% were accepted.

The B-school placed 100 applicant(s) on its wait list. 24 wait-listed applicants were admitted to the semester for which they applied.

Applicant Profile:
Female applicants 29%
International applicants 1 73%

Interviews for MBA applicants are:
Required
By invitation only

In 2004, the B-school interviewed 50% 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$33,200$31,824$28,500
Nonresident$46,500$44,512$40,500
Expected monthly rent $650
Recommended annual budget (Resident) 1 $29,330
Recommended annual budget (Nonresident) $35,830

2004-2006 DEADLINES:
Application deadline(s)
All applicants:  Nov. 1, 2004
All applicants:  Jan. 10, 2005
All applicants:  Mar. 7, 2005

Rolling admissions? No

Deadline(s) for scheduling an interview
All applicants:  Oct. 15, 2004
All applicants:  Dec. 15, 2004
All applicants:  Feb. 25, 2005

Financial aid deadline(s)
All applicants:  Mar. 7, 2005

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

100% of full-time MBAs applied for financial aid for the 2004-2005 academic year. 83% 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, 66% received institutional scholarships, 38% received assistantships, and 49% received loans.

Average financial aid package for the 2004-2005 academic year (includes scholarships, assistantships, and loans) $23,490
Scholarships: Based on a combination of need and merit


9 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 $8,362
Guaranteed loan offered? 2 No
Maximum amount students can borrow $18,500
Average outstanding loans for 2004 graduates $25,471

Financial aid Web site


(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 B. Duncan
Hired as of Jan. 2002
 
Program director John Delaney
 
Admissions director Esmeralda Cardenal
 
Financial aid director Joe Ford
 
Career services director Gerald Fust
 
Alumni relations director Helen Dashney

 
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MICHIGAN STATE RANKINGS
Full-time MBA rank:
2004:  Second tier    1994:  --    
2002:  23    1992:  --    
2000:  29    1990:  --    
1998:  Second tier    1988:  --    
1996:  Second tier    
BW ranking history



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