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2005 PART-TIME MBA PROFILE
University of Minnesota Duluth
Labovitz School of Business and Economics
Address: 21 School of Business & Economics
412 Library Drive
Duluth, MN 55812 United States
E-Mail: rvaidyan@d.umn.edu
Web links: http://www.d.umn.edu/sbe/degreeprogs/MBA/
index.php
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B-SCHOOL & PROGRAM BASICS

Classes begin Sept. 6, 2005
Jan. 17, 2006

Year program was founded 1976
Institution is U.S., Public
Business school accreditation:
AACSB

Enrollment
Total graduate business students 60
Part-time MBA students 60
Distance MBA students n/a
Full-time MBA students n/a
Executive MBA students n/a
PhD program students n/a
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 1,842
 
Change in part-time class size in past academic year -5%
Average number of months to complete part-time program 50
Maximum number of months permitted to complete part-time program 84
Part-time program completion rate 80%
School offers a separate full-time MBA program? No
Possible for students to change status from part-time to full-time? No
At what point?
n/a

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 25%
International students 1 25%
Married students n/a

For U.S. schools only:
African American students n/a
Alaskan Native of Pacific Islander American students n/a
Asian American students 12%
Mexican American students n/a
Puerto Rican students n/a
Other Hispanic American students n/a
White (non-Hispanic) students 88%
Multiethnic/Multiracial students n/a
Not reported n/a
Other n/a

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
20052004200320022001
Average580580578520543
Median575575560550550
Range (middle 80%)490 - 650490 - 650520 - 640490 - 600480 - 600

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
* Paper-based equivalent

Work Experience (months)
Average 114
Median 60
Range (middle 80%) 24 - 276
New entrants with one year or less work experience 25%

Student Age (years)
Average 34
Median 29
Range (middle 80%) n/a - n/a

Salary
Average base salary of entering students n/a
Median base salary of entering students n/a
Range (middle 80%) n/a - n/a


Entering students employed in the following function areas:
Consulting n/a
Finance/Accounting n/a
General Management n/a
Human resources n/a
Marketing/Sales n/a
Management Information Systems n/a
Operations/Logistics n/a
Other n/a


Entering students employed in the following industries:
Government n/a
Manufacturing n/a
Non-Profit n/a
Services n/a
Other n/a


TOP CORPORATE CUSTOMERS

Organizations that send the most participants to the part-time MBA program:

OrganizationNo.
1. Mayo Clinicn/a
2. IBMn/a
3. Hormel, Inc.n/a
4. Wells Fargo Bankn/a


ADMISSIONS

Application fee (resident) $55
Application fee (nonresident) $75

15 people applied to the part-time MBA program in 2005. The school accepted 53% (selectivity) of those applicants, and 87% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
20052004200320022001
Selectivity53%68%81%90%73%
Yield87%92%100%95%91%

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.

Interviews for MBA applicants are:
Not offered

In 2005, the B-school interviewed n/a of its part-time MBA applicants, and n/a of its admitted applicants.

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

COSTS AND DEADLINES

COSTS:
Estimated TOTAL (not annual) cost of part-time MBA program (U.S. dollars)
Program Cost - Historical Chart
20052004200320022001
Resident$24,000$22,400$18,700$20,000$15,000
Nonresident$24,000$22,400$18,700$20,000$15,000

2005-2007 DEADLINES:
Application deadline(s)
All applicants:  Nov. 1, 2005
All applicants:  July 15, 2006
All applicants:  Nov. 1, 2006
All applicants:  July 15, 2007

Rolling admissions? Yes

Deadline(s) for scheduling an interview
n/a

Financial aid deadline(s)
All applicants:  June 30, 2005

FINANCIAL AID

FINANCIAL AID:
Part-time MBAs whose education is partially covered by employer 40%
Part-time MBAs whose education is 100% covered by employer 20%

Part-time MBAs apply for financial aid through a
n/a

Scholarships are based on
n/a

n/a of part-time MBAs applied for financial aid for the 2005-2006 academic year. 10% of part-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, 10% 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 n/a - n/a

5 full-tuition scholarships were awarded by the school to part-time MBAs for the 2005-2006 academic year.

Applicants apply for scholarship consideration n/a


Average scholarship awarded n/a
Percentage of returning part-time MBA students who receive the same amount of scholarship or more after the second year n/a

Does the school offer a guaranteed loan to all MBAs, regardless of nationality? No
Maximum amount students can borrow n/a
Average outstanding loans for 2005 graduates n/a
Total money distributed to MBAs through the financial aid office in the past academic year



(1) Student budget includes tuition fees and living expenses.

CONTACTS

Dean Kjell Knudsen
Hired as of n/a
 
Program director Rajiv Vaidyanathan
 
Admissions director n/a
 
Financial aid director n/a
 
Career services director n/a
 
Alumni relations director Lawrence Johnson

 
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