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2004 FULL-TIME MBA PROFILE
The Pennsylvania State University
The Mary Jean and Frank P. Smeal College of Business
Address: The Mary Jean and Frank P. Smeal College of Business
106 Business Administration Building
University Park, PA 16802-3000
E-Mail: smealmba@psu.edu
Web links: B-school Web site
Directions to school
 Getting In  Academics & Lifestyle Careers & Alumni Affairs Graduate Comments

B-SCHOOL & PROGRAM BASICS

Classes begin Aug. 31, 2004
Aug. 30, 2005
Sept. 5, 2006

Year program was founded 1959
Institution is U.S., Public
Business school accreditation:
AACSB
Length of program 21 months

Enrollment
Total graduate business students 303
Full-time MBA students 175
Part-time MBA students n/a
Distance MBA students n/a
Executive MBA students 44
PhD program students 71
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 5,015
 
Change in full-time class size in past academic year -29%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 22%
International students 1 35%
Married students n/a

For U.S. schools only:
African American students 8%
Alaskan Native of Pacific Islander American students 0%
Asian American students 4%
Mexican American students 0%
Puerto Rican students 0%
Other Hispanic American students 1%
White (non-Hispanic) students 49%
Multiethnic/Multiracial students 0%
Not reported 0%
Other 3%

Students from the following regions:
Africa 0%
Asia 26%
Eastern Europe, Central Europe and Central Asia 1%
Latin America and the Caribbean 1%
Middle East 0%
North America
 (Canada: 2% / U.S.: 98%)
66%
Oceania 3%
Western Europe 1%

North American students by region:
Canada 2%
Mid-Atlantic U.S. 50%
Midwest U.S. 8%
Northeast U.S. 27%
South U.S. 7%
Southwest U.S. 2%
U.S. Possessions and territories 0%
West U.S. 4%

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

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
200420032002
Average643653645
Median650660650
Range (middle 80%)560-720n/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 638
Minimum TOEFL score required 600

Work Experience (months)
Average 54
Range (middle 80%) 15 - 96
New entrants with one year or less of work experience 7%

Student Age (years)
Average 27
Range (middle 80%) 23 - 31

Salary
Average base salary forgone to enter program n/a


ADMISSIONS

Application fee (resident) $60
Application fee (nonresident) $60

439 people applied to the full-time MBA program in 2004. The school accepted 39% (selectivity) of those applicants, and 42% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
200420032002
Selectivity39%36%24%
Yield42%42%48%

6% of applicants had applied in prior years, and of those reapplicants 67% were accepted.

The B-school placed 10 applicant(s) on its wait list. 3 wait-listed applicants were admitted to the semester for which they applied.

Applicant Profile:
Female applicants 32%
International applicants 1 62%

Interviews for MBA applicants are:
Required

In 2004, the B-school interviewed 100% 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$29,896$24,996$20,608
Nonresident$50,488$44,764$39,364
Expected monthly rent $555
Recommended annual budget (Resident) 1 $32,098
Recommended annual budget (Nonresident) $42,394

2004-2006 DEADLINES:
Application deadline(s)
International applicants:  Feb. 1, 2005
International applicants:  Feb. 1, 2006
International applicants:  Feb. 1, 2007

Rolling admissions? Yes

Deadline(s) for scheduling an interview
All applicants:  Dec. 1, 2004
All applicants:  Dec. 1, 2005
All applicants:  Dec. 1, 2006

Financial aid deadline(s)
All applicants:  Feb. 1, 2005
All applicants:  Feb. 1, 2006
All applicants:  Feb. 1, 2007

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, 24% received institutional scholarships, 70% received assistantships, and 38% received loans.

Average financial aid package for the 2004-2005 academic year (includes scholarships, assistantships, and loans) $15,615
Scholarships: Based on academic merit


1 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 $4,233
Guaranteed loan offered? 2 No
Maximum amount students can borrow n/a
Average outstanding loans for 2004 graduates $24,048

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 Judy Olian
Hired as of July 2000
 
Program director F. Robert Wheeler III
 
Admissions director Michele
 
Financial aid director Anna Griswold
 
Career services director Paul Poissant
 
Alumni relations director Phillip Bolda

 
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PENN STATE PROFILES
Full-time '04 | '03 | '02 | '01 | '00 | '99 | '98
Part-time '03
Exec ed '03 | '01

PENN STATE INFO
Admissions Q&A '00 | '98
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PENN STATE RANKINGS
Full-time MBA rank:
2004:  Second tier    1994:  --    
2002:  Second tier    1992:  --    
2000:  Second tier    1990:  --    
1998:  Second tier    1988:  --    
1996:  Second tier    
BW ranking history

Exec Ed rank:
2003:  --    1997:  19    
2001:  --    1993:  --    
1999:  19    1991:  11    



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