Program Basics

• • Howard University MBA Program
  • Howard University MBA Program
  • 2600 Sixth Street, NW
  • Suite 236
  • Washington, 20059, District of Columbia
  • United States
  • Program Web site: http://www.bschool.howard.edu
  • Status: Private
  • Program e-mail address: mba_bschool@howard.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 99
  • Full-Time MBA: 74
  • Part-Time MBA: 25

PROGRAM COSTS

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

  • Resident: $57,032.00
  • Nonresident: $57,032.00
  • Recommended annual budget (Resident): $50,787.00
  • Recommended annual budget (Nonresident): $50,787.00

PROGRAM LENGTH

• • Full-time program (months): 24

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2011
  • Deadline: Nov 15, 2011
  • Semester: Spring 2012
  • Deadline: Feb 1, 2012
  • Semester: Spring 2012
  • Deadline: Apr 1, 2012
  • Semester: Spring 2012
  • Deadline: May 15, 2012
• • Does the program have rolling admissions? Yes
  • 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?

  • • TOEFL Internet Based Test
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: 550

• Relative Importance of Application Elements:

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

APPLICANTS

• • Applications (admitted and denied) to the newest class: 110
  • Applicants who were accepted to the most recent class: 32 %
  • Admitted applicants who enrolled in the newest class: 77 %
  • Applicants who were re-applicants from prior years: 5 %
  • Percentage of this year's reapplicants accepted: 20 %
  • Applicants wait-listed during the last admissions cycle: 2
  • Wait-listed applicants admitted for the semester to which they applied: 0
  • Applicant interviews are: By invitation only
  • Applicants (admitted and denied) who were interviewed: 14 %
  • Admitted applicants who were interviewed: 8 %

APPLICANT POOL

• • International applications received: 35 %
  • Applications from women received: 54 %
  • Mean base salary forgone: $57,170.00
  • Median base salary forgone: $49,000.00

CLASS PROFILE

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

  • Female: 63 %
  • International: 30 %
  • Married: 7 %

• Students from following regions:

  • Africa: 11 %
  • North America: 70 %
  • Latin America and the Caribbean: 19 %

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

  • African American: 85 %
  • Asian American: 5 %
  • Multiethnic/Multiracial: 5 %
  • Other: 5 %

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

  • Northeast: 5 %
  • Mid-Atlantic: 47 %
  • South: 16 %
  • Southwest: 16 %
  • Midwest: 16 %
• • Mean months of work experience of newest entering class: 36
  • Median months of work experience of newest entering class: 30

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

  • From: 23
  • To: 30
• • Median age of entering class: 26
  • Mean age of entering class: 26

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Central financial aid office at the university
  • Full-time MBAs who applied for financial aid for the current academic year: 76 %
  • Full-time MBAs receiving financial aid in the current academic year: 76 %
  • Mean MBA financial aid package for the current academic year: $36,732.00
  • Median MBA financial aid package for the current academic year: $38,450.00
  • On what basis are scholarships awarded?
    • a combination of need and 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: $10,329.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 64 %
  • 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: $35,808.00

GMAT

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

• GMAT score distribution (applicant pool):

  • 0 (option: 0) 539

• GMAT score distribution (incoming class):

  • 0 (option: 0) 539

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 30
  • Average number of students in a full-time MBA elective class: 12
  • Elective courses available to full-time MBA students: 27

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

  • Innovation and Technology Management
  • Global Supply Chain Management

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

  • • Finance
    • Entrepreneurship
    • General Management
    • Marketing
    • Supply Chain Management
    • International Business

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

  • • 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
    • General Management
    • Entrepreneurship
    • Marketing
    • Supply Chain Management

FACULTY

• • Faculty employed by the B-school: 64

• Full-time faculty:

  • Tenured: 30
  • Non-Tenured: 34

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 7

• Women on Faculty:

  • Tenured: 5
  • Non-Tenured: 15

• Minority Faculty:

  • Tenured: 24
  • Non-Tenured: 29

• International Faculty:

  • Tenured: 0
  • Non-Tenured: 2

• Faculty with PhDs:

  • Tenured: 30
  • Non-Tenured: 24

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Entrepreneurship
    • Other
    • Finance
    • Marketing

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • International Club

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 35 %
  • Distance Learning: 4 %
  • Experiential Learning: 5 %
  • Lectures: 18 %
  • Simulations: 8 %
  • Team Projects: 30 %

• Requirements for graduation:

  • • Students must complete a company-specific project and present results to relevant parties
    • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average
  • Student must attend at least 80% of MBA Professional Leadership Development Series Program.

TECHNOLOGY

• • Technology improvements in the last three academic years: Continuous improvements last three academic years include: Upgrades to the following: Smart Classroom; SLR Trading Room; Full Installation of Audio Visual Equipment, Cabling and Lighting in Auditorium; Installation of Incubator Lab; Annual Subscriptions; Student Labs; Upgrade & Maintenance to Cabling and Projectors, Upgrade MBA Lab Ceiling and Recabling, Installation of Flat Screens on every floor, including faculty lounge; Smart Boards for 8 classrooms; and renovated Instructional Labs
  • Amount spent: $750,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 1,504
  • Active MBA alumni clubs: 1
  • Countries in which MBA clubs exist: 1
  • Living MBA alumni who gave in past year: 15 %
  • Mean gift from MBA alumni: $350.00
  • Median gift from MBA alumni: $200.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $6,795,919.00
  • 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.howard.edu/alumni/alumni.htm
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.bschool.howard.edu/alumnae/index.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: 74 %
  • Graduates not seeking employment: 26 %

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

  • Destination: NBMBAA Conference
  • Month: September
  • Amount Paid By School: Partial
  • Destination: NSHMBA Conference
  • Month: October
  • Amount Paid By School: Partial
  • Destination: Wall Street
  • Month: November
  • Amount Paid By School: Full
  • Destination: ISM Conference
  • Month: May
  • Amount Paid By School: Full
  • Destination: Black Executive Supply Chain Summit
  • Month: February
  • Amount Paid By School: Full

• Primary source of job offer:

  • School-facilitated activities: 81 %
  • Graduate-facilitated activities: 19 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 74 %
  • Received first job offer in three months following graduation: 5 %
  • Received first job offer more than 3 months after graduation: 0 %
  • Did not report having received a job offer: 21 %
  • Accepted first job offer by graduation: 74 %
  • Accepted first job offer in three months following graduation: 5 %
  • Accepted first job offer more than 3 months after graduation: 0 %
  • Did not report having accepted a job offer: 21 %

• Top recruiting organizations most recent academic year:

  • Bank of America 5
  • Goldman Sachs 2
  • American Express 1
  • Cisco 1
  • Cologate 1
  • Credit Suisse 1
  • Ernst & Young 1
  • Hewlett Packard 1
  • Intel 1
  • PepsiCo 1
  • Secret Service 1
  • Target 1
  • Tyco International 1
  • Unilever 1
  • United Technologies Corporation 1
• • Job-accepting graduates who received a signing bonus: 74 %

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

  • Mean base salary: $88,065.00
  • Median base salary: $94,350.00
  • Mean signing bonus: $16,550.00
  • Median signing bonus: $15,000.00
  • Mean other guaranteed compensation: $12,694.00
  • Median other guaranteed compensation: $10,000.00

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

  • Consulting: 7 %
  • Finance/Accounting: 26 %
  • General Management: 7 %
  • Human Resources: 4 %
  • Marketing/Sales: 30 %
  • Operations/Logistics: 26 %

• Graduating students who accepted jobs in the following industries:

  • Government: 7 %
  • Consulting: 7 %
  • Consumer Products: 11 %
  • Financial Services: 41 %
  • Manufacturing: 11 %
  • Media/Entertainment: 4 %
  • Non-Profit: 4 %
  • Technology: 11 %
  • Other: 4 %

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

  • Africa: 4 %
  • North America: 96 %

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

  • Northeast: 45 %
  • Mid-Atlantic: 31 %
  • South: 12 %
  • West: 12 %

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

  • Bank of America 5
  • Dell 3
  • Environmental Defense Fund 2
  • Unilever 2
  • Alcoa Inc. 1
  • American Express 1
  • BP 1
  • Bristol Myers 1
  • CIGNA 1
  • Cologate 1
  • Goldman Sachs 1
  • Marsh and McLennan Company 1
  • JPMorgan Chase 2
  • FMC Technologies 2
  • Tyco International 1
• • Internships awarded that are paid: 100 %

• Weekly internship compensation:

  • Mean: $1,608.00
  • Median: $1,650.00
• • Average internship length in weeks: 10

SCHOOL COMMENTS

• • School Comments: The two questions requesting the GMAT breakdown according to percentile was not clear. Consequently, was not sure how to respond to both questions. Also note that the questions were not on the PDF version used to print out and draft survey prior to final submission.

• • -The academic program is not particularly challenging. The professors are not of the caliber that is required to make the program competitive.
    
    -For the cost of attendance, great location, and small intimate class sizes, Howard University is a great school that I would recommend.
    
    -While I feel I received a quality education and made amazing connections in addition to securing a great full time job Howard lacks certain resources that are needed to thrust students at the forefront of a growing economy.
    
    -Howard offers students a unique perspective to the world of business and business opportunities in light of its historical focus on minorities.
    
    -Great value. I have a lot of friends at top-20 programs--who spent a lot more--and are still unemployed. I had an internship one month into my first year of school, and had secured a full-time opportunity well in advance of graduation.
    
    -Faculty is qualified and students are competitive. Opportunities with respectable companies are also available.
    
    -My experience has given me wonderful opportunities and I am now a part of a very strong network. I not only secured an internship, but a full-time position. Although the program is diverse, it is a great place for minorities.
    
    -Despite deficiencies in a few areas I truly believe Howard is an amazing place for young professionals to come, grow and learn. Over my past two years I have had the opportunity to meet and develop relationships with the most amazing group of people I have ever met. There are a lot of untapped resources within the MBA program and if that nut were somehow cracked, I fully believe Howard would be among the top 10 MBA programs in the world. The talent this school attracts are some of the very BEST, and as the program continues to grow I hope more and more companies begin to see that.
    
    -The Howard University MBA has allowed me to become a better strategic thinker. I came into the program with a faint idea of what business was, which turned out to be quite flawed. This program has allowed me to broaden the way I think and has allowed me to gain the types of leadership skills that I was unaware I needed. The minute you start orientation, you start working and learning. It is the type of program that always challenges its students and forces them to think outside the box. That is why, I am very thankful to all the professors who have helped me to achieve more than I ever thought I could.