Program Basics

• • Boston University School of Management
  • 595 Commonwealth Avenue
  • Boston, 02215, Massachusetts
  • United States
  • Program Web site: http://management.bu.edu/gpo/fulltime/index.html
  • Status: Private
  • Program e-mail address: mba@bu.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)
    • Other

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 1,217
  • Full-Time MBA: 311
  • Part-Time MBA: 693
  • Executive MBA: 34
  • PhD Program: 35
• • Other graduate degree programs:
    • Other
  • Master of Science in Investment Management, Master of Science in Mathematical Finance

PROGRAM COSTS

• Total direct costs (tuition and required fees) of the entire MBA program:

  • Resident: $81,696.00
  • Nonresident: $81,696.00
  • Recommended annual budget (Resident): $59,244.00
  • Recommended annual budget (Nonresident): $59,244.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Nov 1, 2011
  • Semester: Fall 2012
  • Deadline: Jan 4, 2012
  • Semester: Fall 2012
  • Deadline: Mar 12, 2012
• • Does the program have rolling admissions? No
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • IELTS
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: 600

• Relative Importance of Application Elements:

  • GMAT Score: Important
  • Resume/Work Experience: Very Important
  • Application Essays: Important
  • Interviews: Very Important
  • Recommendations: Important
  • Undergraduate Transcripts: Very Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 1,322
  • Applicants who were accepted to the most recent class: 30 %
  • Applicants wait-listed during the last admissions cycle: 224
  • Wait-listed applicants admitted for the semester to which they applied: 9
  • Applicant interviews are: By invitation only
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 59 %
  • Applications from women received: 37 %

CLASS PROFILE

• Full-time students in newest entering class (2010-2011) that are:

  • Female: 30 %
  • International: 36 %
  • Married: 13 %

• Students from following regions:

  • Africa: 1 %
  • Asia: 24 %
  • Europe: 5 %
  • North America: 66 %
  • Latin America and the Caribbean: 3 %
  • Oceania: 1 %
  • Dual citizenship: 0 %

• Percentage of U.S. students in newest entering class that are:

  • African American: 3 %
  • Asian American: 18 %
  • Hispanic or Latino American: 2 %
  • Multiethnic/Multiracial: 4 %
  • Native American: 0 %
  • White (Non-Hispanic): 65 %
  • Chose not to report: 8 %
  • Other: 0 %

• Percentage of U.S. students in newest entering class who are from the following regions:

  • Northeast: 50 %
  • Mid-Atlantic: 12 %
  • South: 3 %
  • Southwest: 5 %
  • Midwest: 10 %
  • West: 20 %
  • Possessions and territories: 0 %
• • Mean months of work experience of newest entering class: 59
  • Median months of work experience of newest entering class: 57

• Middle 80% range of work experience of newest entering class in months:

  • From: 31
  • To: 88
• • Median age of entering class: 28
  • Mean age of entering class: 27

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • Full-time MBAs who applied for financial aid for the current academic year: 100 %
  • Full-time MBAs receiving financial aid in the current academic year: 87 %
  • Mean MBA financial aid package for the current academic year: $38,415.00
  • Median MBA financial aid package for the current academic year: $35,000.00
  • On what basis are scholarships awarded?
    • academic merit
  • How does an applicant apply for scholarship consideration? As part of the admissions application
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $20,000.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 100 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No
  • Mean outstanding debt among the most recent graduates from the full-time MBA program: $70,000.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? No

• GMAT score distribution (incoming class):

  • 10th Percentile 620
  • 90th Percentile 740
  • 25th Percentile 650
  • 75th Percentile 720
  • 50th Percentile (median) 690
  • Average GMAT Score 684

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 51
  • Average number of students in a full-time MBA elective class: 33
  • Elective courses available to full-time MBA students: 65

• Electives that have been added to the full-time program since June 30, 2010:

  • Business Analytics
  • Digital Transformation
  • Idea Lab
  • Risk Management
  • Strategies for Environmental Sustainability

• Concentrations and specializations offered to full-time MBA students:

  • • Finance
    • Management Information Systems
    • Entrepreneurship
    • General Management
    • Marketing
    • Health Care Administration
    • Operations Management
    • Strategy
    • International Business
    • Public Administration
    • Technology
  • Health Sector Mgmt, Public & Nonprofit Mgmt

• Joint-degree programs offered to full-time MBAs:

  • • MBA/MS (Science)
    • MBA/MA (Arts)
    • MBA/JD (Law)
    • MBA/MD (Medicine)
    • Other
• • Does the school offer an accelerated full-time MBA program? No

• The school believes that its leading areas of study for full-time MBA students are:

  • • Finance
    • Technology
    • Marketing
    • Health Care Administration
    • Public Administration

FACULTY

• • Faculty employed by the B-school: 213

• Full-time faculty:

  • Tenured: 60
  • Non-Tenured: 70

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 83

• Women on Faculty:

  • Tenured: 13
  • Non-Tenured: 45

• International Faculty:

  • Tenured: 23
  • Non-Tenured: 21

• Faculty with PhDs:

  • Tenured: 60
  • Non-Tenured: 59

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Finance
    • Marketing
    • Nonprofit
    • Environmental
    • High Tech
    • Information Technology

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • International Club
    • Partners/Family
    • Women in MBA
    • Volunteer
    • Gay/Lesbian/Bisexual

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 50 %
  • Distance Learning: 0 %
  • Experiential Learning: 5 %
  • Lectures: 30 %
  • Simulations: 5 %
  • Team Projects: 10 %
  • Other: 0 %

• Requirements for graduation:

  • • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average

TECHNOLOGY

• • Technology improvements in the last three academic years: During the past 3 academic years focus has been on new tools such as mobile applications, iPads and virtual meeting spaces; upgrading classrooms; expanding open source products for lecture delivery and intranets; enhancing lecture capture and participant systems; offering new interactive case delivery tools, financial modeling, research and analysis products; integrating digital signage, branding and communication vehicles; green computing and awareness; and peer-to-peer networking software.
  • Amount spent: $6,107,510.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 16,281
  • Active MBA alumni clubs: 15
  • Countries in which MBA clubs exist: 29
  • Living MBA alumni who gave in past year: 8 %
  • Mean gift from MBA alumni: $4,491.00
  • Median gift from MBA alumni: $100.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? Yes
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://www.bu.edu/alumni/connected/
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://management.bu.edu/alu/link.html
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 83 %
  • Graduates not seeking employment: 10 %
  • Graduates for whom you have no information regarding employment: 7 %

• Annual job-searching trips that the school coordinates or participates in:

  • Destination: West Coast Technology Trek
  • Month: November
  • Amount Paid By School: Partial
  • Destination: New York Finance Trek
  • Month: September
  • Amount Paid By School: None
  • Destination: West Coast Entertainment Trek
  • Month: November
  • Amount Paid By School: None
  • Destination: Boston Health Sector Trek
  • Month: January
  • Amount Paid By School: None

• Primary source of job offer:

  • School-facilitated activities: 47 %
  • Graduate-facilitated activities: 41 %
  • No information provided by graduate: 12 %

• Job Offers for 2011 graduates

  • Accepted first job offer by graduation: 68 %
  • Accepted first job offer in three months following graduation: 19 %

• Top recruiting organizations most recent academic year:

  • Ericsson 7
  • PricewaterhouseCoopers 7
  • Bank of America 6
  • Teradyne 3
  • Biogen Idec 2
  • Barclays Capital 2
  • PA Consulting 2
  • Duncan Group 2
  • EMC 2
  • Chevron 2
  • Trinity Foundation Boston 2
  • Dunkin' Brands 1
  • Hasbro 1
  • Genzyme 1
  • Philips Healthcare 1
• • Job-accepting graduates who received a signing bonus: 53 %

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $87,066.00
  • Median base salary: $85,000.00
  • Mean signing bonus: $13,969.00
  • Median signing bonus: $10,000.00
  • Mean other guaranteed compensation: $12,762.00
  • Median other guaranteed compensation: $9,500.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 20 %
  • Finance/Accounting: 18 %
  • General Management: 14 %
  • Human Resources: 1 %
  • Marketing/Sales: 32 %
  • Management Information Systems: 3 %
  • Operations/Logistics: 10 %
  • Other: 2 %

• Graduating students who accepted jobs in the following industries:

  • Government: 1 %
  • Consulting: 17 %
  • Consumer Products: 6 %
  • Financial Services: 16 %
  • Manufacturing: 3 %
  • Media/Entertainment: 3 %
  • Non-Profit: 9 %
  • Petroleum/Energy: 5 %
  • Pharmaceutical/Biotechnology/Health Care: 16 %
  • Real Estate: 1 %
  • Technology: 20 %
  • Other: 3 %

• Graduates who accepted full-time jobs in the following regions:

  • Africa: 0 %
  • Asia: 7 %
  • Europe: 1 %
  • North America: 92 %
  • Oceania: 0 %
  • Latin America and the Caribbean: 0 %

• Within the U.S., graduates who accepted full-time jobs in the following regions:

  • Northeast: 5 %
  • Mid-Atlantic: 73 %
  • South: 5 %
  • Southwest: 5 %
  • Midwest: 3 %
  • West: 9 %
  • Possessions and territories: 0 %

• Top recruiting organizations for internships, most recent academic year:

  • Liberty Mutual 6
  • PricewaterhouseCoopers 4
  • Reflexite Corporation 4
  • Analogic Corporations 3
  • IDC 3
  • Bank of America 3
  • Vestergaard Fransen 3
  • Novartis Vaccines & Diagnostics 2
  • Raytheon 2
  • New Balance 2
  • Beacon Health Strategies 2
  • Fidelity Investments 2
  • Cone, LLC 2
  • Johnson & Johnson DePuy Spine 2
  • Deloitte Consulting 2
• • Internships awarded that are paid: 80 %

• Weekly internship compensation:

  • Mean: $1,127.00
  • Median: $1,120.00
• • Average internship length in weeks: 12

• • -The faculty is great to work with, they not only teach you subject matter but also help you outside of the classroom: further explanations and networking with their contacts. The career center is extremely helpful to reach out to corporate contacts for job searching purposes and do a great job helping students prepare for interviews. My peers are very bright students and great to be around. The school has a great mix of being competitive and collaborative.
    
    -It's a challenging environment, with a lot of smart students and professors. The class size is appropriate; enough people to have interesting and different points of view, but still have plenty of air time to let your ideas be heard. The school staff is always looking to make your experience the best and help you out at whatever you need. The class mix is varied, which allows you to have a solid background and complement it with interesting electives. The location of the school is ideal as it is the city of Boston.
    
    -BU didn't give me what I wanted from a MBA program. Teaching, career help, etc.
    
    -The MS-MBA program is a phenomenal opportunity to learn not just strategies, but practical solution development for the intersection of technology and business. The point of the program is not to turn out technologists; however, if that is what you want, you can certainly accomplish that. Rather, with the continued confluence of technology into the every day operations and, for some companies, their competitive advantage, you come out of the program with a lasting framework for evaluating a company's internal and external challenges and opportunities and proposing real world solutions.
    
    -Although Boston University may not be considered a "top tier" institution, I believe the quality of my education was quite good. Additionally, the opportunity to work with such a diverse student body has allowed me to grow as an individual. I see this as the true value of an MBA.
    
    -I don't believe you need the MBA, but if you are going to pursue it, you need a strong moral and ethical foundation for your technical knowledge. That is what Boston University does. The program focuses on sustainability, triple bottom line, social development, and corporate responsibility. All these are crucial to achieve real success.
    
    -BU is a great school from MBA education perspective. A lot of improvement needed for career services. Very few good companies come to campus for recruiting.
    
    -Boston University's unique Health Sector Management track and Integrated Project really shaped my experience. I feel these unique aspects of the program make it stand out.
    
    -I had done a lot of research, so I knew what I was getting into with BU as far as academics and work load. What surpassed my expectations was the caliber of my classmates. I really enjoyed the program and would recommend it to those considering an MBA, especially the dual degree program options.