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2005 FULL-TIME MBA PROFILE
Iowa State University
College of Business
Address: Iowa State University
College of Business, 1360 Gerdin Business Building
Ames, IA 50011-1350
E-Mail: busgrad@iastate.edu
Web links: B-school Web site
 Getting In  Academics & Lifestyle Careers & Alumni Affairs

B-SCHOOL & PROGRAM BASICS

Classes begin Aug. 22, 2005
Aug. 21, 2006
Aug. 20, 2007

Year program was founded 1985
Institution is U.S., Public
Business school accreditation:
AACSB
Length of program 21 months

Enrollment
Total graduate business students 310
Full-time MBA students 79
Part-time MBA students 153
Distance MBA students n/a
Executive MBA students n/a
PhD program students n/a
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 3,480
 
Change in full-time class size in past academic year n/a

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 46%
International students 1 35%
Married students n/a

For U.S. schools only:
African American students 3%
Alaskan Native of Pacific Islander American students n/a
Asian American students 3%
Mexican American students n/a
Puerto Rican students n/a
Other Hispanic American students n/a
White (non-Hispanic) students 59%
Multiethnic/Multiracial students n/a
Not reported n/a
Other n/a

Students from the following regions:
Africa n/a
Asia 35%
Eastern and Central Europe and Central Asia 3%
Latin America and the Caribbean n/a
Middle East n/a
North America
 (Canada: n/a / U.S.: n/a  )
59%
Oceania n/a
Western Europe 3%

North American students by region:
Canada n/a
Mid-Atlantic U.S. n/a
Midwest U.S. 90%
Northeast U.S. n/a
South U.S. 5%
Southwest U.S. n/a
U.S. Possessions and territories n/a
West U.S. 5%

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

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
20052004200320022001
Average585593590622593
Median590610580620590
Range (middle 80%)510 - 698490 - 680510 - 680550 - 700500 - 650

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 n/a

Work Experience (months)
Average 27
Median 12
Range (middle 80%) 0 - 64
New entrants with one year or less of work experience 59%

Student Age (years)
Average 26
Median 25
Range (middle 80%) 22 - 31

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) $70

120 people applied to the full-time MBA program in 2005. The school accepted 56% (selectivity) of those applicants, and 51% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
20052004200320022001
Selectivity56%57%55%48%42%
Yield51%52%64%45%52%

n/a 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 n/a
International applicants 1 88%

Interviews for MBA applicants are:
Not offered
Not required

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$13,500$12,593$11,372$10,000$8,056
Nonresident$33,500$32,677$29,724$29,000$22,448
Expected monthly rent n/a
Recommended annual budget (Resident) 1 n/a
Recommended annual budget (Nonresident) n/a

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

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 Central financial aid office at the university

n/a of full-time MBAs applied for financial aid for the 2005-2006 academic year. n/a 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, n/a received institutional scholarships, 60% received assistantships, and n/a received loans.

Average financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) n/a
Median financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) n/a
Range of financial-aid packages n/a - n/a
Scholarships: Based on n/a


n/a 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?
n/a


Average scholarship awarded n/a
Guaranteed loan offered? 2 n/a
Maximum amount students can borrow n/a
Average outstanding loans for 2005 graduates n/a
Total money distributed to MBAs in past academic year n/a

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 Labh Hira
Hired as of July 2002
 
Program director Michael Crum
 
Admissions director Ron Ackerman
 
Financial aid director n/a
 
Career services director Mark Peterson
 
Alumni relations director Dan Ryan

 
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