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MIT
Sloan School of Managment
1999 MBA Profile
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Editor's Note: Here is a 1999 update of the contacts and statistical information in the 1998 Business Week Online profile for this school. To see the more detailed original profile -- which includes survey details, a strategy for applicants, and graduate comments -- click here.
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1999-2000 Student Profile
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Total enrollment
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713
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Full-time students
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713
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Part-time students
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0
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Female
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27%
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Non-U.S. citzens
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38%
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Underrepresented minorities*
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14%
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Applicants accepted [selectivity]
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15%
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Applicants admitted [yield]
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75%
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Number of applicants
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3,164
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Overall applicants interviewed
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15%
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Admitted applicants interviewed
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63%
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Admitted students with less than one year of work experience
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0%
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GMAT scores
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Average
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700
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Range
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590
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to
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800
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Undergraduate GPA
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Average
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3.5
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Range
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2.9
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to
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4.0
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Work experience [years]
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Average
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5
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Range
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2
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to
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22
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Student age [years]
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Average
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28
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Range
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23
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to
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48
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In-state
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$28,200
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Out-of-state
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$28,200
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Room & board
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$22,500
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Recommended annual student budget [out-of-state]
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$50,700
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Average amount of outstanding MBA loans per full-time student
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$49,000
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Application deadlines for Class of 2002
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Admission applications
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Financial aid applications
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Domestic
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02/02/00
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International
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02/02/00
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Domestic
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N/A
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International
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N/A
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* Underrepresented minority students are defined as U.S. citizens who are African American, Hispanic American, and Native American. They do not include Asian Americans.
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Estimated percentage of Class of 1999 [seeking employment] that took a job at a company with less than 100 employees
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8%
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Percentage of Class of 1999 [seeking employment] that received their first job offer by graduation
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99%
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Actual on-campus interviews conducted for full-time jobs [including first-round interviews] for second-year students
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4,790
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Companies that recruited second-year students on campus in past academic year
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260
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Actual on-campus interviews conducted for summer internships
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3,490
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Companies that recruited on campus for first-year interships
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170
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Average number of job offers received by a Class of 1999 graduate [seeking employment]
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3
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Opportunities posted via the Internet or electronically
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600
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Top Employers / Number of 1999 Hires
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Top 10 recruiting firms [i.e. hired the most 1999 grads] and the number of students hired
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1.
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McKinsey & Co.
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29
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6.
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Goldman Sachs
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10
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2.
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Dell Computer
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16
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7.
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Boston Consulting Group
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9
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3.
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Booz Allen & Hamilton
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12
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8.
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A.T. Kearney
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7
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4.
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Deloitte Consulting
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11
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9.
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Intel
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7
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5.
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Bain & Co.
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10
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10.
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J.P. Morgan
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6
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Prospects - 1998 / 1999 Grads
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Median starting base salary [excluding bonuses] for the Class of 1999
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$85,000
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Average starting base salary [excluding bonuses] for the Class of 1999
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$84,900
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Median first year signing bonus for the Class of 1999
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$20,000
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Average first year signing bonus for the Class of 1999
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$20,300
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Percentage of job-accepting Class of 1999 graduates who provided usable base salary information
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82%
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Percentage of job-accepting Class of 1999 graduates who received a signing bonus
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81%
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** The information presented in this section was collected using the MBA Career Services Council's Standards for Reporting MBA Employment Statistics
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Institution is
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Private
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Core MBA curriculumlast revised in
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1999
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B-school's operating budget for 1999-00 school year
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$67,718,000
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Amount of operating budget used to support financial aid
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$8,200,000
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Graduate school's total dollar endowment as of August 1, 1999
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$270,000,000
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Increase in operating budget used to support financial aid from 1998-99 academic year
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10%
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Accelerated MBA program offered
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No
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Laptop Computer Requirement
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No
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Distance learning program
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The MIT Sloan School and MIT School of Engineering offer a joint 24-month program called the System Design and Management Program (SDM). It is targeted at practicing engineers who have worked at companies or government agencies that develop, procure, or integrate advanced products and complex systems. SDM courses are offered via videoconferencing, videotape, the Web, and through teleconferencing. Students earn a Master's of Science in Engineering and Management.
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School Concentrations / Specializations
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Electronic Commerce and Marketing
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New Product and Venture Development
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Information Technology and Business Transformation
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Financial Engineering
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Financial Management
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Strategic Management and Consulting
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Operations and Manufacturing
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Self-managed track
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Leaders for Manufacturing LFM
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Lecture
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40%
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Case study
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40%
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Other
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20%
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Full-time faculty in residence for the 99-00 year
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89
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Adjunct or visiting faculty in residence for the 99-00 year
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10
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Dean
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Richard L. Schmalensee
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Phone number
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617.253.3730
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Director of MBA Programs
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Margaret Andrews
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Phone number
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617.253.3730
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Director of Admissions
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Rod Garcia
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Phone number
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617.253.3730
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Director of Alumni Relations
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Carmon Cunningham
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Phone number
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617.253.8197
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Director of Financial Aid
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Stan Hudson
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Phone number
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617.258.5602
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Director of Career Services
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Phillip McMullen
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Phone number
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617.253.6149
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Living MBA alumni
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6,076
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Alumni clubs
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25
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Living alumni who gave to the annual fund raising efforts of the school in 1998-99
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28%
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Median gift
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$100
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Average gift
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$675
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The information above was submited on behalf of the school by:
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Name
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Paul Denning
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Title
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Associate Director of Communication
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