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2004 PART-TIME MBA PROFILE
University of Minnesota/Twin Cities
Carlson School of Management
Address: 321 19th Ave. South
Minneapolis, MN 55455
E-Mail: part-timemba@csom.umn.edu
Web links: http://www.csom.umn.edu/Page83.aspx
 Getting In  Academics & Lifestyle Careers & Alumni Affairs

B-SCHOOL & PROGRAM BASICS

Classes begin Sept. 7, 2004
Jan. 18, 2005
Sept. 6, 2005
Jan. 17, 2006

Year program was founded 1960
Institution is U.S., Public
Business school accreditation:
AACSB
North Central Association of Colleges and Schools

Enrollment
Total graduate business students 2,216
Part-time MBA students 1,459
Distance MBA students n/a
Full-time MBA students 219
Executive MBA students 109
PhD program students 109
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 1,650
 
Change in part-time class size in past academic year n/a
Average number of months to complete part-time program 42
Maximum number of months permitted to complete part-time program 84
Part-time program completion rate 87%
School offers a separate full-time MBA program? Yes
Possible for students to change status from part-time to full-time? No
     At what point?  n/a

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 30%
International students 1 2%
Married students n/a

For U.S. schools only:
African American students 1%
Alaskan Native of Pacific Islander American students 0%
Asian American students 10%
Mexican American students 0%
Puerto Rican students 0%
Other Hispanic American students 1%
White (non-Hispanic) students 66%
Multiethnic/Multiracial students n/a
Not reported 22%
Other n/a

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
2004200320022001
Average614602610617
Median610600610610
Range (middle 80%)560 - 670510 - 690530 - 690540 - 700

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 * n/a
Minimum TOEFL score required * 580
* Paper-based equivalent

Work Experience (months)
Average 72
Range (middle 80%) 36 - 96
New entrants with one year or less work experience 0%

Student Age (years)
Average 29
Range (middle 80%) 23 - 53

Salary
Average base salary of entering students n/a
Range (middle 80%) n/a - n/a


Entering students employed in the following function areas:
Consulting 3
Finance/Accounting 16
General Management 4
Human resources 1
Marketing/Sales 17
Management Information Systems 12
Operations/Logistics 28
Other 18


Entering students employed in the following industries:
Government 3
Manufacturing 27
Non-Profit 5
Services 37
Other 27


TOP CORPORATE CUSTOMERS

Organizations that send the most participants to the part-time MBA program:

OrganizationNo.
1. Target Corporation17
2. Guidant Corporation16
3. General Mills, Inc.15
4. Medtronic, Inc.9
5. Wells Fargo & Company8
6. 3M6
7. American Express6
8. Best Buy Co.,, Inc.6
9. Piper Jaffray & Co.6
10. U. S. Bancorp6
11. United Health Group6
12. Cargill, Inc.5
13. Boston Scientific Scimed, Inc.4
14. Eaton Corporation4
15. Honeywell, Inc.4


ADMISSIONS

Application fee (resident) $60
Application fee (nonresident) $90

412 people applied to the part-time MBA program in 2004. The school accepted 80% (selectivity) of those applicants, and 89% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
2004200320022001
Selectivity80%86%83%83%
Yield89%91%90%91%

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.

Interviews for MBA applicants are:
n/a

In 2004, the B-school interviewed n/a of its part-time MBA applicants, and n/a of its admitted applicants.

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

COSTS AND DEADLINES

COSTS:
Estimated TOTAL (not annual) cost of part-time MBA program (U.S. dollars)
2004200320022001
Resident$44,200$29,250$35,775$27,000
Nonresident$44,200n/a$35,775n/a

2004-2006 DEADLINES:
Application deadline(s)
All applicants:  Oct. 1, 2004
All applicants:  May 1, 2005
All applicants:  Oct. 1, 2005
All applicants:  May 1, 2006
All applicants:  Oct. 1, 2006

Rolling admissions? No

Deadline(s) for scheduling an interview
n/a

Financial aid deadline(s)
All applicants:  May 1, 2005
All applicants:  May 1, 2006

FINANCIAL AID

FINANCIAL AID:
Part-time MBAs whose education is partially covered by employer 85%
Part-time MBAs whose education is 100% covered by employer 5%

Part-time MBAs apply for financial aid through a
n/a

Scholarships are based on
some other criteria
19% of part-time MBAs applied for financial aid for the 2004-2005 academic year. 19% of part-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, 2% received institutional scholarships, n/a received assistantships, and 99% received loans.

Average financial aid package for the 2004-2005 academic year (includes scholarships, assistantships, and loans) $15,479

n/a full-tuition scholarships were awarded by the school to part-time MBAs for the 2004-2005 academic year.

Applicants apply for scholarship consideration n/a


Average scholarship awarded n/a
Guaranteed loans offered to part-time MBAs? 2 No
Maximum amount students can borrow n/a
Average outstanding loans for 2004 graduates $5,606

Web link: 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 Lawrence M. Benveniste, Ph.D.
Hired as of Jan. 2002
 
Program director Kathryn Carlson
 
Admissions director Kathryn Carlson
 
Financial aid director Mark Larson
 
Career services director Clare Foley
 
Alumni relations director Kristine Kosek

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

MINNESOTA INFO
Admissions Q&A '98
Placement Q&A '04
Video Views Larry Benveniste
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MINNESOTA RANKINGS
Full-time MBA rank:
2004:  Second tier    1994:  --    
2002:  Second tier    1992:  --    
2000:  Second tier    1990:  --    
1998:  Third tier    1988:  --    
1996:  Second tier    
BW ranking history

EMBA rank:
2003:  --    1997:  --    
2001:  25    1993:  --    
1999:  --    



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