Program Basics

• • Full-time MBA
  • Colled of Business at ILLINOIS
  • 3019 Business Instructional Facility
  • 515 E. Gregory Drive
  • Champaign, 61820, Illinois
  • United States
  • Program Web site: http://www.mba.illinois.edu
  • Status: Public
  • Program e-mail address: mba@illinois.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 4,634
  • Full-Time MBA: 226
  • Part-Time MBA: 87
  • Executive MBA: 62
  • PhD Program: 88
• • Other graduate degree programs:
    • Master of Accounting
    • Master of Finance
    • Master of Technology
  • Master of Science in Financial Engineering

PROGRAM COSTS

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

  • Resident: $47,818.00
  • Nonresident: $67,818.00
  • Recommended annual budget (Resident): $42,356.00
  • Recommended annual budget (Nonresident): $52,356.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Nov 15, 2011
  • Semester: Fall 2012
  • Deadline: Jan 15, 2012
  • Semester: Fall 2012
  • Deadline: Mar 1, 2012
  • Semester: Fall 2012
  • Deadline: Apr 1, 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?

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

• Relative Importance of Application Elements:

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

APPLICANTS

• • Applications (admitted and denied) to the newest class: 882
  • Applicants who were accepted to the most recent class: 28 %
  • Admitted applicants who enrolled in the newest class: 51 %
  • Applicant interviews are: By invitation only
  • Applicants (admitted and denied) who were interviewed: 44 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 74 %
  • Applications from women received: 28 %
  • Mean base salary forgone: $39,556.00
  • Median base salary forgone: $39,000.00

CLASS PROFILE

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

  • Female: 26 %
  • International: 41 %

• Students from following regions:

  • Africa: 0 %
  • Asia: 35 %
  • Europe: 0 %
  • North America: 55 %
  • Latin America and the Caribbean: 6 %
  • Oceania: 0 %
  • Dual citizenship: 4 %

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

  • African American: 8 %
  • Asian American: 15 %
  • Hispanic or Latino American: 8 %
  • Multiethnic/Multiracial: 1 %
  • Native American: 2 %
  • White (Non-Hispanic): 66 %
  • Chose not to report: 0 %
  • Other: 0 %

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

  • Northeast: 4 %
  • Mid-Atlantic: 4 %
  • South: 10 %
  • Southwest: 4 %
  • Midwest: 68 %
  • West: 10 %
  • Possessions and territories: 0 %
• • Mean months of work experience of newest entering class: 53
  • Median months of work experience of newest entering class: 46

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

  • From: 24
  • To: 84
• • Median age of entering class: 27
  • Mean age of entering class: 27

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: 78 %
  • Full-time MBAs receiving financial aid in the current academic year: 76 %
  • Mean MBA financial aid package for the current academic year: $20,207.00
  • Median MBA financial aid package for the current academic year: $15,000.00
  • On what basis are scholarships awarded?
    • some other criteria
    • 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: $6,235.00
  • 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: $54,209.00

GMAT

• • Are applicants required to take the GMAT? No
  • Are applicants allowed to submit the GRE? Yes
  • If not, how are applicants' quantitative abilities checked before enrollment? Grades and GRE; students are required to take an online Math course if they do not meet a certain level.

• GMAT score distribution (incoming class):

  • 0 (option: 0) 650

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 60
  • Average number of students in a full-time MBA elective class: 35
  • Elective courses available to full-time MBA students: 72

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

  • Global Marketing
  • International Comparative Management
  • Program Management
  • Ultimate Leadership
  • Risk Management

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

  • • Consulting
    • Finance
    • Management Information Systems
    • Entrepreneurship
    • General Management
    • Marketing
    • Real Estate
    • Supply Chain Management
    • Human Resource Management
    • Leadership
    • Manufacturing and Technology Management
    • Operations Management
    • Strategy
    • Organizational Behavior
    • Public Policy
    • Corporate Social Responsibility
    • International Business
    • E-commerce
    • Technology
    • Portfolio Management
    • Insurance
  • project management

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

  • • MBA/MCS (Computer Science)
    • MBA/MS (Science)
    • MBA/MA (Arts)
    • MBA/March (Architecture)
    • MBA/JD (Law)
    • MBA/MD (Medicine)
    • MBA/MSEE (Electrical Engineering)
    • MBA/MSIE (Industrial Engineering)
    • MBA/MSME (Mechanical Engineering)
    • MBA/PhD
    • MBA/MILR (Industrial Labor Relations)
• • 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
    • Marketing
    • Consulting
    • Leadership
    • Operations Management

FACULTY

• • Faculty employed by the B-school: 165

• Full-time faculty:

  • Tenured: 53
  • Non-Tenured: 85

• Adjunct/Visiting Faculty:

  • Tenured: 4
  • Non-Tenured: 23

• Women on Faculty:

  • Tenured: 8
  • Non-Tenured: 32

• Minority Faculty:

  • Tenured: 4
  • Non-Tenured: 8

• International Faculty:

  • Tenured: 0
  • Non-Tenured: 26

• Faculty with PhDs:

  • Tenured: 57
  • Non-Tenured: 83

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Corporate Social Responsibility/NetImpact
    • Finance
    • Marketing
    • Information Technology

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Women in MBA
    • Volunteer

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 20 %
  • Experiential Learning: 20 %
  • Lectures: 20 %
  • Simulations: 10 %
  • Team Projects: 30 %

• 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: Significant improvement has been an upgrade to the technology in the classrooms. Other additions include a specially developed faculty ePortfolio and reporting system, introduction of Sharepoint 2007 to integrate with our prior Exchange Server deployment, installation of Echo 260 to record lectures in our Part Time and Executive MBA programs, upgrade of the technology in the classrooms in Chicago, and numerous improvements to the supporting systems.
  • Amount spent: $4,500,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 5,986
  • Active MBA alumni clubs: 1
  • Countries in which MBA clubs exist: 1
  • Living MBA alumni who gave in past year: 11 %
  • Mean gift from MBA alumni: $844.00
  • Median gift from MBA alumni: $143.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $77,589,537.00
  • 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.uiaa.org
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.illinoisbusinessalumni.org/
  • 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: 79 %
  • Graduates not seeking employment: 14 %
  • Graduates for whom you have no information regarding employment: 7 %

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

  • Destination: Chicago Career Quest
  • Month: August
  • Amount Paid By School: Full
  • Destination: NSHMBA
  • Month: October
  • Amount Paid By School: Partial
  • Destination: NEMBAA
  • Month: October
  • Amount Paid By School: Partial
  • Destination: Forte Foundation Conference
  • Month: June
  • Amount Paid By School: Full
  • Destination: NAWMBA
  • Month: September
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 60 %
  • Graduate-facilitated activities: 36 %
  • No information provided by graduate: 4 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 69 %
  • Received first job offer in three months following graduation: 21 %
  • Did not report having received a job offer: 10 %
  • Accepted first job offer by graduation: 69 %
  • Accepted first job offer in three months following graduation: 21 %
  • Did not report having accepted a job offer: 10 %

• Top recruiting organizations most recent academic year:

  • Ford Motor Company 3
  • Allstate 2
  • Archer Daniels Midland (ADM) 2
  • Grant Thornton 2
  • Sandia National Laboratories 2
  • West Monroe Partners 2
  • Exxon Mobil 1
  • IBM Consulting 1
  • Intel 1
  • Kimberly Clark Corp. 1
  • Nestle USA 1
  • PolyOne Corp. 1
  • Procter & Gamble 1
  • Sara Lee Corp. 1
  • Sears Holdings Corp. 1
• • Job-accepting graduates who received a signing bonus: 30 %

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

  • Mean base salary: $80,333.00
  • Median base salary: $80,000.00
  • Mean signing bonus: $10,369.00
  • Median signing bonus: $10,000.00
  • Mean other guaranteed compensation: $12,400.00
  • Median other guaranteed compensation: $13,000.00

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

  • Consulting: 13 %
  • Finance/Accounting: 17 %
  • General Management: 17 %
  • Human Resources: 3 %
  • Marketing/Sales: 23 %
  • Management Information Systems: 10 %
  • Operations/Logistics: 11 %
  • Other: 6 %

• Graduating students who accepted jobs in the following industries:

  • Government: 9 %
  • Consulting: 11 %
  • Consumer Products: 16 %
  • Financial Services: 16 %
  • Manufacturing: 23 %
  • Media/Entertainment: 0 %
  • Non-Profit: 14 %
  • Petroleum/Energy: 1 %
  • Pharmaceutical/Biotechnology/Health Care: 0 %
  • Real Estate: 1 %
  • Technology: 11 %
  • Other: 10 %

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

  • Africa: 0 %
  • Asia: 16 %
  • Europe: 0 %
  • North America: 81 %
  • Oceania: 0 %
  • Latin America and the Caribbean: 3 %

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

  • Northeast: 7 %
  • Mid-Atlantic: 5 %
  • South: 7 %
  • Southwest: 7 %
  • Midwest: 65 %
  • West: 9 %
  • Possessions and territories: 0 %

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

  • Allstate 4
  • Chicago Tribune 4
  • State Farm Insurance 4
  • Sears Holdings Corp. 3
  • Carle 2
  • Catepillar 2
  • Frito-Lay 2
  • United Stationers 2
  • Office of Technology Management at ILLINOIS 2
  • Whirlpool Corp. 2
  • Blue Cross Blue Sheild 2
  • AT&T 1
  • Kimberly-Clark Corp. 1
  • Procter & Gamble 1
  • Walgreens 1
• • Internships awarded that are paid: 97 %

• Weekly internship compensation:

  • Mean: $1,055.00
  • Median: $1,078.00
• • Average internship length in weeks: 8

• • -The Illinois MBA allows students to study at a top-notch research institution with the finest faculty. The curriculum provides a solid foundation from which I know I can/will build on.
    
    -The Illinois MBA program would be a fantastic choice for most people due to its low cost, flexible curriculum, and wealth of extracurricular opportunities for professional development. The hiring companies are also great--AT&T, P&G, Cisco, etc.--and those with strong resumes seem very competitive with other nearby schools like Ohio State, Indiana, and Northwestern. The only drawback is the distance from major hiring centers like Chicago, Indianapolis, or St. Louis, so some travel may be required for interviews.
    
    -The students in the full-time MBA program are underwhelming. The students are narrow minded, intellectually lazy, and neither socially nor academically interesting. The faculty and administration alike take a “check the block” approach at best, and entirely omits areas of instruction at worst. As an example of an omission, while the MBA program purports to have a robust marketing program, but for years they had no Marketing professor and arranged an elaborate “smoke and mirrors” arrangement with other universities to offer de minimus instruction in Marketing. There is no academic rigor. The faculty, professors, and staff -- both directly and through student leadership -- encourage students to give glowing and untruthful evaluations of the MBA program so that the program can score well in the rankings.
    
    -With a new MBA administration, the MBA program is now the focus of the College of Business.Every change which has happened in the last 1 year of the new administration has been for the better. The only weak point was career services and with that being merged with the College of Business career services, I am sure the job statistics will change remarkably from next year onwards.
    
    -As a permanent resident I found out that UIUC is very open to international students. Also, the small size of the program was very beneficial for me.
    
    -The addition of the a new dean has already made the program make great strides in becoming a top MBA program. I am fully confident the new dean will make the Illinois MBA a prominent program once again.
    
    -The Illinois MBA program has a strong mix of students with a wide array of backgrounds. Each class has an approximate mix of forty percent international students. There are a few students who have directly entered straight from undergraduate. The mix of business knowledge and experience across different sectors is exceptional. In a shrinking world, being able to have the opportunity to interact with many students who will be leaders throughout the world will benefit me in my future endeavors.
    
    -The career services department was of absolutely no help to international students. I do understand that, being an international student, the onus of finding a job is on me, but i would expect career services to be involved.
    
    -The school's network pushed students toward Chicago. I would recommend this school if they planned on a career in this city.
    
    -The biggest knock on the Illinois MBA program is poor networking with Illinois alumni. In recent history, the Illinois College of Business's name and fame have not carried over to its MBA program. Although, I do believe drastic changes are underway. Leaders of the Illinois MBA program do realize their prior mistakes. A new marketing campaign and stronger efforts to improve alumni relations should substantially bolster the program's career services department.
    
    -The MBA experience at the U of I gets enriched by the vast amount of resources available at the university. The fact that one is free to take up any course in any school in the university make it even better. Basically, I get to design my MBA in case I am not interested in the standard concentrations the program offers. I benefited the most from this as I designed my MBA and got the exact job I wanted even in this depressed economy.