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2005 FULL-TIME MBA PROFILE
New Jersey Institute of Technology
School of Management — MBA Management of Technology
Address: School of Management
University Heights
Newark, NJ 07102-9895
E-Mail: e.frazier@njit.edu
Web links: B-school Web site
Directions to school
 Getting In  Academics & Lifestyle Careers & Alumni Affairs

B-SCHOOL & PROGRAM BASICS

Classes begin Sept. 1, 2005

Year program was founded 1998
Institution is U.S., Public
Business school accreditation:
AACSB
Length of program 20 months

Enrollment
Total graduate business students 246
Full-time MBA students 64
Part-time MBA students 127
Distance MBA students n/a
Executive MBA students 54
PhD program students n/a
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 318
 
Change in full-time class size in past academic year 34%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 38%
International students 1 27%
Married students n/a

For U.S. schools only:
African American students 14%
Alaskan Native of Pacific Islander American students n/a
Asian American students 5%
Mexican American students n/a
Puerto Rican students n/a
Other Hispanic American students 8%
White (non-Hispanic) students 35%
Multiethnic/Multiracial students n/a
Not reported n/a
Other 11%

Students from the following regions:
Africa 5%
Asia 19%
Eastern and Central Europe and Central Asia n/a
Latin America and the Caribbean n/a
Middle East n/a
North America
 (Canada: n/a / U.S.: n/a  )
n/a
Oceania n/a
Western Europe 3%

North American students by region:
Canada n/a
Mid-Atlantic U.S. n/a
Midwest U.S. n/a
Northeast U.S. 100%
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
Average550520n/an/an/a
Mediann/an/an/an/an/a
Range (middle 80%)n/an/an/an/an/a

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 550

Work Experience (months)
Average n/a
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 32
Median 29
Range (middle 80%) 23 - 44

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


ADMISSIONS

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

176 people applied to the full-time MBA program in 2005. The school accepted 59% (selectivity) of those applicants, and 57% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
20052004200320022001
Selectivity59%n/an/an/an/a
Yield57%n/an/an/an/a

2% of applicants had applied in prior years, and of those reapplicants 100% were accepted.

The B-school placed 11 applicant(s) on its wait list. 7 wait-listed applicants were admitted to the semester for which they applied.

Applicant Profile:
Female applicants 31%
International applicants 1 61%

Interviews for MBA applicants are:
n/a

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$33,696$31,000n/an/an/a
Nonresident$43,824$41,000n/an/an/a
Expected monthly rent n/a
Recommended annual budget (Resident) 1 n/a
Recommended annual budget (Nonresident) n/a

2005-2007 DEADLINES:
Application deadline(s)
n/a

Rolling admissions? n/a

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, n/a 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 financial need
academic merit
a combination of need and merit


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?
All candidates are considered for scholarship


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 David Hawk
Hired as of July 2005
 
Program director Elaine Frazier
 
Admissions director Stephen Eck
 
Financial aid director Steven Harrel
 
Career services director Jane
 
Alumni relations director n/a

 
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