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2005 FULL-TIME MBA PROFILE
Wake Forest University
Babcock Graduate School of Management
Address: Worrell Professional Center, Room 2119
1834 Wake Forest Rd.
Winston-Salem, NC 27109
E-Mail: admissions@mba.wfu.edu
Web links: B-school Web site
Directions to school
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B-SCHOOL & PROGRAM BASICS

Classes begin Aug. 15, 2005
Aug. 14, 2006

Year program was founded 1969
Institution is U.S., Private
Business school accreditation:
AACSB
Length of program 21 months

Enrollment
Total graduate business students 555
Full-time MBA students 200
Part-time MBA students 261
Distance MBA students n/a
Executive MBA students 94
PhD program students n/a
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students n/a
 
Change in full-time class size in past academic year -23%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 20%
International students 1 25%
Married students 32%

For U.S. schools only:
African American students 3%
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 65%
Multiethnic/Multiracial students n/a
Not reported n/a
Other n/a

Students from the following regions:
Africa n/a
Asia 22%
Eastern and Central Europe and Central Asia n/a
Latin America and the Caribbean 2%
Middle East n/a
North America
 (Canada: n/a / U.S.: n/a  )
75%
Oceania n/a
Western Europe 1%

North American students by region:
Canada n/a
Mid-Atlantic U.S. 20%
Midwest U.S. 15%
Northeast U.S. 9%
South U.S. 45%
Southwest U.S. 6%
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
Average630630643639643
Median630640640640640
Range (middle 80%)560 - 710550 - 700580 - 710570 - 700590 - 710

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 618
Minimum TOEFL score required 600

Work Experience (months)
Average 49
Median 44
Range (middle 80%) 0 - 87
New entrants with one year or less of work experience 17%

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

Salary
Average base salary forgone to enter program $49,349
Median base salary forgone to enter program $44,500


ADMISSIONS

Application fee (resident) $75
Application fee (nonresident) $75

302 people applied to the full-time MBA program in 2005. The school accepted 72% (selectivity) of those applicants, and 39% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
20052004200320022001
Selectivity72%60%46%47%47%
Yield39%46%41%44%46%

2% of applicants had applied in prior years, and of those reapplicants 100% 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 24%
International applicants 1 45%

Interviews for MBA applicants are:
Required

In 2005, the B-school interviewed 89% 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$59,300$56,300$53,250$50,250$46,250
Nonresident$59,300$56,300$53,250$50,250$46,250
Expected monthly rent $400
Recommended annual budget (Resident) 1 $42,878
Recommended annual budget (Nonresident) $42,878

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

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 Dedicated financial aid office at the B-school

100% of full-time MBAs applied for financial aid for the 2005-2006 academic year. 83% 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, 82% received institutional scholarships, n/a received assistantships, and 63% received loans.

Average financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) $22,476
Median financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) n/a
Range of financial-aid packages $5,000 - $42,878
Scholarships: Based on academic merit


5 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 $14,127
Guaranteed loan offered? 2 No
Maximum amount students can borrow n/a
Average outstanding loans for 2005 graduates $49,890
Total money distributed to MBAs in past academic year $1,704,750

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 Ajay Patel
Hired as of Aug. 2003
 
Program director Ken Middaugh
 
Admissions director Stacy Owen
 
Financial aid director Donna Agee
 
Career services director Andy Dreyfuss
 
Alumni relations director Melissa Combes

 
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WAKE FOREST RANKINGS
Full-time MBA rank:
2004:  Second tier    1994:  --    
2002:  Second tier    1992:  --    
2000:  Second tier    1990:  --    
1998:  Second tier    1988:  --    
1996:  Second tier    
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