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2005 FULL-TIME MBA PROFILE
The University of Akron
Graduate Programs in Business
Address: Graduate Programs in Business at The University of Akron
259 S. Broadway, Room 412
Akron, OH 44325-4805
E-Mail: gradcba@uakron.edu
Web links: B-school Web site
Directions to school
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B-SCHOOL & PROGRAM BASICS

Classes begin Jan. 17, 2006
May 15, 2006
Aug. 27, 2006

Year program was founded 1958
Institution is U.S., Public
Business school accreditation:
AACSB
Length of program 24 months

Enrollment
Total graduate business students 352
Full-time MBA students 110
Part-time MBA students 118
Distance MBA students 0
Executive MBA students 7
PhD program students 0
Doctorate of Business Administration (DBA) students 0
 
Total undergraduate business students 2,791
 
Change in full-time class size in past academic year 5%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 39%
International students 1 50%
Married students n/a

For U.S. schools only:
African American students 1%
Alaskan Native of Pacific Islander American students 0%
Asian American students 3%
Mexican American students 0%
Puerto Rican students 0%
Other Hispanic American students 0%
White (non-Hispanic) students 46%
Multiethnic/Multiracial students 0%
Not reported 0%
Other 0%

Students from the following regions:
Africa 2%
Asia 12%
Eastern and Central Europe and Central Asia 27%
Latin America and the Caribbean 1%
Middle East 0%
North America
 (Canada: 4% / U.S.: 96%)
54%
Oceania 1%
Western Europe 3%

North American students by region:
Canada 4%
Mid-Atlantic U.S. 4%
Midwest U.S. 90%
Northeast U.S. 2%
South U.S. 0%
Southwest U.S. 0%
U.S. Possessions and territories 0%
West U.S. 0%

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

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
20052004200320022001
Average547570548575545
Median540n/a560n/a550
Range (middle 80%)470 - 620n/a460 - 610n/a490 - 590

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 599
Minimum TOEFL score required 550

Work Experience (months)
Average 48
Median n/a
Range (middle 80%) n/a - n/a
New entrants with one year or less of work experience n/a

Student Age (years)
Average 27
Median 25
Range (middle 80%) 23 - 35

Salary
Average base salary forgone to enter program n/a
Median base salary forgone to enter program n/a


ADMISSIONS

Application fee (resident) $30
Application fee (nonresident) $40

192 people applied to the full-time MBA program in 2005. The school accepted 92% (selectivity) of those applicants, and 42% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
20052004200320022001
Selectivity92%89%68%54%85%
Yield42%60%54%65%47%

1% of applicants had applied in prior years, and of those reapplicants 100% 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 33%
International applicants 1 59%

Interviews for MBA applicants are:
Not offered

In 2005, the B-school interviewed n/a of its full-time MBA applicants, and n/a 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)
Program Cost - Historical Chart
20052004200320022001
Resident$23,946$23,850$22,300$18,090$15,000
Nonresident$37,353$36,500$34,950$28,565$26,000
Expected monthly rent $700
Recommended annual budget (Resident) 1 $22,073
Recommended annual budget (Nonresident) $28,777

2005-2007 DEADLINES:
Application deadline(s)
International applicants:  Oct. 15, 2005
International applicants:  Mar. 15, 2006
International applicants:  June 15, 2006
International applicants:  Oct. 15, 2006
International applicants:  Mar. 15, 2007

Rolling admissions? Yes

Deadline(s) for scheduling an interview
n/a

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

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

80% of full-time MBAs applied for financial aid for the 2005-2006 academic year. 50% of full-time MBAs received some form of financial aid for the 2005-2006 academic year.

Of those who received financial aid for the 2005-2006 academic year, 11% received institutional scholarships, 39% received assistantships, and n/a received loans.

Average financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) $24,132
Median financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) n/a
Range of financial-aid packages $12,122 - $33,507
Scholarships: Based on academic merit


10 full-tuition scholarships were awarded by the school to full-time MBAs for the 2005-2006 academic year.

How does an applicant apply for scholarship consideration?
As part of the admissions application


Average scholarship awarded $22,000
Guaranteed loan offered? 2 No
Maximum amount students can borrow n/a
Average outstanding loans for 2005 graduates n/a
Total money distributed to MBAs in past academic year $868,754

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 James Barnett
Hired as of Jan. 2003
 
Program director Dr. James Divoky
 
Admissions director Myra Weakland
 
Financial aid director Doug McNutt
 
Career services director n/a
 
Alumni relations director Richmond Davis

 
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