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2005 FULL-TIME MBA PROFILE
University of Michigan
Stephen M. Ross School of Business
Address: 701 Tappan Street
Ann Arbor, MI 48109-1234
E-Mail:
Web links: B-school Web site
Directions to school
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B-SCHOOL & PROGRAM BASICS

Classes begin Sept. 6, 2005

Year program was founded 1924
Institution is U.S., Public
Business school accreditation:
AACSB
Length of program 20 months

Enrollment
Total graduate business students 1,948
Full-time MBA students 891
Part-time MBA students 847
Distance MBA students 33
Executive MBA students 115
PhD program students 84
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 717
 
Change in full-time class size in past academic year 0%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 30%
International students 1 34%
Married students 13%

For U.S. schools only:
African American students 7%
Alaskan Native of Pacific Islander American students 0%
Asian American students 15%
Mexican American students n/a
Puerto Rican students n/a
Other Hispanic American students 4%
White (non-Hispanic) students 32%
Multiethnic/Multiracial students n/a
Not reported 36%
Other 6%

Students from the following regions:
Africa n/a
Asia 27%
Eastern and Central Europe and Central Asia 1%
Latin America and the Caribbean 3%
Middle East 1%
North America
 (Canada: 1% / U.S.: 99%)
66%
Oceania n/a
Western Europe 2%

North American students by region:
Canada 1%
Mid-Atlantic U.S. 9%
Midwest U.S. 33%
Northeast U.S. 26%
South U.S. 6%
Southwest U.S. 8%
U.S. Possessions and territories n/a
West U.S. 15%

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

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
20052004200320022001
Average690692692681676
Median700690690690680
Range (middle 80%)640 - 740640 - 740640 - 740620 - 730610 - 730

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 645
Minimum TOEFL score required n/a

Work Experience (months)
Average 60
Median 66
Range (middle 80%) 18 - 114
New entrants with one year or less of work experience 2%

Student Age (years)
Average 29
Median 28
Range (middle 80%) 25 - 34

Salary
Average base salary forgone to enter program $56,240
Median base salary forgone to enter program $55,000


ADMISSIONS

Application fee (resident) $180
Application fee (nonresident) $180

2,068 people applied to the full-time MBA program in 2005. The school accepted 32% (selectivity) of those applicants, and 63% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
20052004200320022001
Selectivity32%35%22%19%20%
Yield63%61%55%57%59%

6% of applicants had applied in prior years, and of those reapplicants 31% were accepted.

The B-school placed 264 applicant(s) on its wait list. 91 wait-listed applicants were admitted to the semester for which they applied.

Applicant Profile:
Female applicants 27%
International applicants 1 45%

Interviews for MBA applicants are:
Recommended

In 2005, the B-school interviewed 84% 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$69,818$65,376$59,375$55,372$51,372
Nonresident$80,118$75,376$69,375$65,372$61,372
Expected monthly rent $900
Recommended annual budget (Resident) 1 $51,665
Recommended annual budget (Nonresident) $56,655

2005-2007 DEADLINES:
Application deadline(s)
All applicants:  Nov. 1, 2004
All applicants:  Jan. 7, 2005
All applicants:  Mar. 1, 2005

Rolling admissions? No

Deadline(s) for scheduling an interview
All applicants:  Nov. 1, 2004
All applicants:  Jan. 13, 2005
All applicants:  Mar. 1, 2005

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

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

83% of full-time MBAs applied for financial aid for the 2005-2006 academic year. 87% 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, 39% received institutional scholarships, 0% received assistantships, and 83% received loans.

Average financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) $57,136
Median financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) n/a
Range of financial-aid packages $2,000 - $57,136
Scholarships: Based on financial need
academic merit


40 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 $16,986
Guaranteed loan offered? 2 Yes
Maximum amount students can borrow $56,655
Average outstanding loans for 2005 graduates $63,500
Total money distributed to MBAs in past academic year $2,633,000

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 Robert J. Dolan
Hired as of July 2001
 
Program director Eugene Anderson
 
Admissions director James P. Hayes
 
Financial aid director Diane Hunt
 
Career services director Allan Cotrone
 
Alumni relations director Michael Andreasen

 
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MICHIGAN RANKINGS
Full-time MBA rank:
2004:  6    1994:  6    
2002:  8    1992:  5    
2000:  6    1990:  7    
1998:  4    1988:  6    
1996:  2    
BW ranking history

Exec Ed rank:
2003:  3    1997:  2    
2001:  3    1993:  --    
1999:  2    1991:  1    



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