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2005 FULL-TIME MBA PROFILE
Universidad de los Andes
School of Management
Address: Carrera 1 Nš 18A-70 Edifico RGC Piso 2
Bogota, Cundinamarca Colombia
E-Mail: mba@adm.uniandes.edu.co
Web links: B-school Web site
 Getting In  Academics & Lifestyle Careers & Alumni Affairs

B-SCHOOL & PROGRAM BASICS

Classes begin Aug. 8, 2005
Aug. 6, 2006
Aug. 6, 2007

Year program was founded 1974
Institution is Non-U.S., Private
Business school accreditation:
  AMBA
  EQUIS
  National Accreditation by Ministry of Education
Length of program 15 months

Enrollment
Total graduate business students 616
Full-time MBA students 72
Part-time MBA students 188
Distance MBA students n/a
Executive MBA students 65
PhD program students n/a
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 1,005
 
Change in full-time class size in past academic year 2%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 31%
International students 1 6%
Married students 19%

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

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

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

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
20052004200320022001
Averagen/an/an/an/an/a
Mediann/an/an/an/an/a
Range (middle 80%)n/an/an/an/an/a

GMAT scores are not required as part of the application.


TOEFL Scores
TOEFL scores are not required for applicants whose native language is not English.

Average TOEFL score 664
Minimum TOEFL score required 550

Work Experience (months)
Average 41
Median 33
Range (middle 80%) 12 - 84
New entrants with one year or less of work experience 12%

Student Age (years)
Average 27
Median 27
Range (middle 80%) 22 - 33

Salary
Average base salary forgone to enter program $2,618
Median base salary forgone to enter program $959


ADMISSIONS

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

68 people applied to the full-time MBA program in 2005. The school accepted 79% (selectivity) of those applicants, and 81% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
20052004200320022001
Selectivity79%65%53%n/an/a
Yield81%81%48%n/an/a

7% of applicants had applied in prior years, and of those reapplicants 40% were accepted.

The B-school placed 0 applicant(s) on its wait list. 0 wait-listed applicants were admitted to the semester for which they applied.

Applicant Profile:
Female applicants 38%
International applicants 1 6%

Interviews for MBA applicants are:
Required

In 2005, 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)
Program Cost - Historical Chart
20052004200320022001
Resident$15,500$10,000$8,000n/an/a
Nonresident$15,500$10,000$8,000n/an/a
Expected monthly rent $600
Recommended annual budget (Resident) 1 $12,600
Recommended annual budget (Nonresident) $12,600

2005-2007 DEADLINES:
Application deadline(s)
All applicants:  June 22, 2005
All applicants:  June 21, 2006
All applicants:  July 20, 2007

Rolling admissions? No

Deadline(s) for scheduling an interview
All applicants:  July 5, 2005
All applicants:  July 7, 2006
All applicants:  July 6, 2007

Financial aid deadline(s)
All applicants:  June 24, 2005
All applicants:  July 8, 2005

FINANCIAL AID:
Full-time MBAs apply for financial aid through a Central financial aid office at the university

21% of full-time MBAs applied for financial aid for the 2005-2006 academic year. 21% 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, 22% received institutional scholarships, n/a received assistantships, and 78% received loans.

Average financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) $1,785
Median financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) n/a
Range of financial-aid packages $545 - $3,486
Scholarships: Based on a combination of need and merit


1 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?
All candidates are considered for scholarship


Average scholarship awarded $7,750
Guaranteed loan offered? 2 No
Maximum amount students can borrow n/a
Average outstanding loans for 2005 graduates $4,390
Total money distributed to MBAs in past academic year $46,937

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 Maria Lorena Gutierrez
Hired as of Mar. 2003
 
Program director Oscar Pardo
 
Admissions director Javier Serrano
 
Financial aid director Carlos Aparicio
 
Career services director Catalina Spinel
 
Alumni relations director Sonia Bernal

 
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