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2004 FULL-TIME MBA PROFILE
Wake Forest University
Babcock Graduate School of Management
Address: P. O. Box 7659
Winston-Salem, NC 27109-7659
E-Mail: admissions@mba.wfu.edu
Web links: B-school Web site
Directions to school
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B-SCHOOL & PROGRAM BASICS

Classes begin Aug. 16, 2004

Year program was founded 1969
Institution is U.S., Private
Business school accreditation:
AACSB
EQUIS
Length of program 21 months

Enrollment
Total graduate business students 573
Full-time MBA students 224
Part-time MBA students 245
Distance MBA students n/a
Executive MBA students 95
PhD program students n/a
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students n/a
 
Change in full-time class size in past academic year 10%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 26%
International students 1 18%
Married students 37%

For U.S. schools only:
African American students 9%
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 66%
Multiethnic/Multiracial students 0%
Not reported 0%
Other 2%

Students from the following regions:
Africa 1%
Asia 12%
Eastern Europe, Central Europe and Central Asia 1%
Latin America and the Caribbean 3%
Middle East 0%
North America
 (Canada: 1% / U.S.: 99%)
83%
Oceania 0%
Western Europe 0%

North American students by region:
Canada 1%
Mid-Atlantic U.S. 19%
Midwest U.S. 3%
Northeast U.S. 22%
South U.S. 48%
Southwest U.S. 3%
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
Average630643639
Median640640640
Range (middle 80%)550-700n/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 626
Minimum TOEFL score required 600

Work Experience (months)
Average 50
Range (middle 80%) 0 - 96
New entrants with one year or less of work experience 15%

Student Age (years)
Average 28
Range (middle 80%) 23 - 35

Salary
Average base salary forgone to enter program $49,175


ADMISSIONS

Application fee (resident) $75
Application fee (nonresident) $75

417 people applied to the full-time MBA program in 2004. The school accepted 60% (selectivity) of those applicants, and 46% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
200420032002
Selectivity60%46%47%
Yield46%41%44%

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

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

Applicant Profile:
Female applicants 28%
International applicants 1 41%

Interviews for MBA applicants are:
Required

In 2004, the B-school interviewed 84% of its full-time MBA applicants, and 99% 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$56,300$53,250$50,250
Nonresident$56,300$53,250$50,250
Expected monthly rent $400
Recommended annual budget (Resident) 1 $41,465
Recommended annual budget (Nonresident) $41,465

2004-2006 DEADLINES:
Application deadline(s)
All applicants:  Nov. 1, 2004
All applicants:  Feb. 1, 2005
All applicants:  Apr. 1, 2005

Rolling admissions? Yes

Deadline(s) for scheduling an interview
n/a

Financial aid deadline(s)
n/a

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

100% of full-time MBAs applied for financial aid for the 2004-2005 academic year. 81% 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, 71% received institutional scholarships, n/a received assistantships, and 69% received loans.

Average financial aid package for the 2004-2005 academic year (includes scholarships, assistantships, and loans) $29,847
Scholarships: Based on academic merit


16 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 $13,619
Guaranteed loan offered? 2 No
Maximum amount students can borrow n/a
Average outstanding loans for 2004 graduates $52,641

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 Ajay Patel
Hired as of Aug. 2003
 
Program director Ken Middaugh
 
Admissions director Stacy Owen
 
Financial aid director Donna Agee
 
Career services director Andy Dreyfuss
 
Alumni relations director Melissa Combes

 
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WAKE FOREST PROFILES
Full-time '04 | '03 | '02 | '01 | '00 | '99 | '98
Part-time '04 | '03 | '02 | '01 | '00
EMBA '03 | '01
Exec ed '01

WAKE FOREST INFO
Admissions Q&A '00 | '97
Placement Q&A '06
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WAKE FOREST 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



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