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2005 FULL-TIME MBA PROFILE
The Pennsylvania State University
The Mary Jean and Frank P. Smeal College of Business
Address: The Mary Jean and Frank P. Smeal College of Business
220 Business Building
University Park, PA 16802-3000
E-Mail: smealmba@psu.edu
Web links: B-school Web site
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B-SCHOOL & PROGRAM BASICS

Classes begin Aug. 29, 2005

Year program was founded 1959
Institution is U.S., Public
Business school accreditation:
AACSB
Length of program 21 months

Enrollment
Total graduate business students 300
Full-time MBA students 139
Part-time MBA students n/a
Distance MBA students n/a
Executive MBA students 45
PhD program students 68
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 4,791
 
Change in full-time class size in past academic year -7%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 25%
International students 1 33%
Married students 28%

For U.S. schools only:
African American students 9%
Alaskan Native of Pacific Islander American students n/a
Asian American students 6%
Mexican American students n/a
Puerto Rican students n/a
Other Hispanic American students 1%
White (non-Hispanic) students 51%
Multiethnic/Multiracial students n/a
Not reported n/a
Other n/a

Students from the following regions:
Africa n/a
Asia 30%
Eastern and Central Europe and Central Asia n/a
Latin America and the Caribbean n/a
Middle East 3%
North America
 (Canada: n/a / U.S.: n/a  )
67%
Oceania n/a
Western Europe n/a

North American students by region:
Canada n/a
Mid-Atlantic U.S. 90%
Midwest U.S. 2%
Northeast U.S. 3%
South U.S. 3%
Southwest U.S. n/a
U.S. Possessions and territories n/a
West U.S. 2%

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

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
20052004200320022001
Average651643653645624
Median660650660650640
Range (middle 80%)580 - 720560 - 720720 - 580710 - 580550 - 690

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 644
Minimum TOEFL score required 600

Work Experience (months)
Average 60
Median 57
Range (middle 80%) 16 - 110
New entrants with one year or less of work experience 6%

Student Age (years)
Average 28
Median 27
Range (middle 80%) 24 - 33

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

364 people applied to the full-time MBA program in 2005. The school accepted 38% (selectivity) of those applicants, and 49% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
20052004200320022001
Selectivity38%39%36%24%25%
Yield49%42%42%48%46%

n/a of applicants had applied in prior years, and of those reapplicants n/a 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 36%
International applicants 1 52%

Interviews for MBA applicants are:
Required

In 2005, the B-school interviewed 67% 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$32,500$29,896$24,996$20,608$19,036
Nonresident$54,000$50,488$44,764$39,364$35,552
Expected monthly rent $650
Recommended annual budget (Resident) 1 $12,650
Recommended annual budget (Nonresident) $12,650

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

Rolling admissions? Yes

Deadline(s) for scheduling an interview
International applicants:  Jan. 31, 2006

Financial aid deadline(s)
All applicants:  Apr. 15, 2006

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

100% of full-time MBAs applied for financial aid for the 2005-2006 academic year. 100% 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, 50% received institutional scholarships, 50% received assistantships, and 50% received loans.

Average financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) $25,000
Median financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) n/a
Range of financial-aid packages $1,000 - $40,000
Scholarships: Based on a combination of need and merit


87 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 $7,500
Guaranteed loan offered? 2 No
Maximum amount students can borrow n/a
Average outstanding loans for 2005 graduates $22,000
Total money distributed to MBAs in past academic year $2,200,000

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 Judy Olian
Hired as of July 2000
 
Program director Dennis P. Sheehan
 
Admissions director Carrie Marcinkevage
 
Financial aid director Anna Griswold
 
Career services director Paul Carozzoni
 
Alumni relations director Phil Bolda

 
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PENN STATE PROFILES
Full-time '04 | '03 | '02 | '01 | '00 | '99 | '98
Part-time '03
Exec ed '03 | '01

PENN STATE INFO
Admissions Q&A '00 | '98
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PENN STATE RANKINGS
Full-time MBA rank:
2004:  Second tier    1994:  --    
2002:  Second tier    1992:  --    
2000:  Second tier    1990:  --    
1998:  Second tier    1988:  --    
1996:  Second tier    
BW ranking history

Exec Ed rank:
2003:  --    1997:  19    
2001:  --    1993:  --    
1999:  19    1991:  11    



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