Program Basics

• • Rice Full Time MBA
  • Jesse H. Jones Graduate School of Business
  • 6100 Main Street
  • MS 531
  • Houston, 77005, Texas
  • United States
  • Program Web site: http://business.rice.edu/
  • Status: Private
  • Program e-mail address: ricemba@rice.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 643
  • Full-Time MBA: 222
  • Part-Time MBA: 251
  • Executive MBA: 150
  • PhD Program: 20

PROGRAM COSTS

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

  • Resident: $92,964.00
  • Nonresident: $92,964.00
  • Recommended annual budget (Resident): $75,000.00
  • Recommended annual budget (Nonresident): $75,000.00

PROGRAM LENGTH

• • Full-time program (months): 22

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Nov 7, 2011
  • Semester: Fall 2012
  • Deadline: Jan 9, 2012
  • Semester: Fall 2012
  • Deadline: Feb 20, 2012
  • Semester: Fall 2012
  • Deadline: Apr 2, 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: 600

• Relative Importance of Application Elements:

  • GMAT Score: Very 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: 715
  • Applicants who were accepted to the most recent class: 25 %
  • Admitted applicants who enrolled in the newest class: 63 %
  • Applicants who were re-applicants from prior years: 2 %
  • Percentage of this year's reapplicants accepted: 5 %
  • Applicants wait-listed during the last admissions cycle: 39
  • Wait-listed applicants admitted for the semester to which they applied: 11
  • Applicant interviews are: By invitation only
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 63 %
  • Applications from women received: 26 %
  • Mean base salary forgone: $54,629.00
  • Median base salary forgone: $58,000.00

CLASS PROFILE

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

  • Female: 27 %
  • International: 25 %
  • Married: 32 %

• Students from following regions:

  • Asia: 12 %
  • Europe: 1 %
  • North America: 79 %
  • Latin America and the Caribbean: 8 %
  • Dual citizenship: 6 %

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

  • African American: 5 %
  • Asian American: 17 %
  • Hispanic or Latino American: 9 %
  • Native American: 2 %
  • White (Non-Hispanic): 64 %
  • Other: 3 %

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

  • Northeast: 5 %
  • Mid-Atlantic: 7 %
  • South: 11 %
  • Southwest: 59 %
  • Midwest: 7 %
  • West: 9 %
• • Mean months of work experience of newest entering class: 58
  • Median months of work experience of newest entering class: 60

• 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: 28

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: 100 %
  • Full-time MBAs receiving financial aid in the current academic year: 92 %
  • Mean MBA financial aid package for the current academic year: $40,588.00
  • Median MBA financial aid package for the current academic year: $33,250.00
  • 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: $25,041.00
  • 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: $55,037.00

GMAT

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

• GMAT score distribution (applicant pool):

  • 10th Percentile 570
  • 50th Percentile (median) 660
  • 75th Percentile 700
  • 25th Percentile 620
  • Average GMAT Score 654
  • 90th Percentile 730

• GMAT score distribution (incoming class):

  • 10th Percentile 600
  • Average GMAT Score 673
  • 25th Percentile 630
  • 50th Percentile (median) 680
  • 75th Percentile 710
  • 90th Percentile 740

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 57
  • Average number of students in a full-time MBA elective class: 28
  • Elective courses available to full-time MBA students: 97

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

  • Sales management for Entrepreneurs
  • Social enterprise in Developing Countries
  • Real Estate and the Law
  • Customer Relationship Management
  • Social Media

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

  • • Consulting
    • Finance
    • Entrepreneurship
    • Marketing
    • Health Care Administration
    • Real Estate
    • Accounting
    • International Business
  • Energy, Mastering Creativity and Innovation

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

  • • MBA/MS (Science)
    • MBA/MD (Medicine)
    • MBA/ME (Engineering)
• • 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
    • Other
    • Health Care Administration
    • Accounting

FACULTY

• • Faculty employed by the B-school: 119

• Full-time faculty:

  • Tenured: 39
  • Non-Tenured: 18

• Adjunct/Visiting Faculty:

  • Non-Tenured: 62

• Women on Faculty:

  • Tenured: 7
  • Non-Tenured: 16

• Minority Faculty:

  • Tenured: 14
  • Non-Tenured: 11

• International Faculty:

  • Tenured: 10
  • Non-Tenured: 4

• Faculty with PhDs:

  • Tenured: 39
  • Non-Tenured: 31

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Finance
    • Marketing
    • High Tech
    • Information Technology
    • Human Resources

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • International Club
    • Partners/Family
    • Women in MBA
    • Other
    • Volunteer
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 25 %
  • Experiential Learning: 15 %
  • Lectures: 40 %
  • Simulations: 5 %
  • Team Projects: 15 %

• 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

TECHNOLOGY

• • Technology improvements in the last three academic years: Installation of Flatbridge, a CRM program for tracking interactions with Jones School constituents. Installation of Digital Media displays in all common areas. Upgrade of AV equipment and wiring in classrooms, Upgrade of audio equipment and projectors in the auditorium and largest common area. Purchase of collaboration software for faculty, staff and students. Network server for data backup and storage of faculty research.

B-SCHOOL ALUMNI

• • Living MBA alumni: 4,500
  • Active MBA alumni clubs: 8
  • Countries in which MBA clubs exist: 5
  • Living MBA alumni who gave in past year: 23 %
  • Mean gift from MBA alumni: $395.00
  • Median gift from MBA alumni: $150.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $221,953,395.00
  • 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://alumni.rice.edu/
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://business.rice.edu/Alumni_Resources.aspx
  • 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: 78 %
  • Graduates not seeking employment: 22 %
  • Graduates for whom you have no information regarding employment: 0 %

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

  • Destination: New York City - Week on Wall Street Trek
  • Month: October
  • Destination: Dallas - Corporate Finance Trek
  • Month: October
  • Destination: Houston - Corporate Finance Trek
  • Month: October
  • Amount Paid By School: Full
  • Destination: Houston - Career Rodeo
  • Month: February
  • Amount Paid By School: Full
  • Destination: Bay Area Trek - San Francisco
  • Month: October

• Primary source of job offer:

  • School-facilitated activities: 77 %
  • Graduate-facilitated activities: 18 %
  • No information provided by graduate: 5 %

• Job Offers for 2011 graduates

  • Accepted first job offer by graduation: 71 %
  • Accepted first job offer in three months following graduation: 21 %
  • Did not report having accepted a job offer: 8 %

• Top recruiting organizations most recent academic year:

  • ExxonMobil 4
  • Sysco 4
  • Kalpso 4
  • Chevron 3
  • Ernst and Young 3
  • Waste Management 3
  • Deloitte 3
  • Cameron 2
  • Cooper industries 2
  • ConocoPhillips 2
  • Citigroup 2
  • FMC 2
  • Hewlett Packard 2
  • Infosys 2
  • JP Morgan 2
• • Job-accepting graduates who received a signing bonus: 56 %

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

  • Mean base salary: $96,867.00
  • Median base salary: $95,000.00
  • Mean signing bonus: $16,058.00
  • Median signing bonus: $12,000.00

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

  • Consulting: 18 %
  • Finance/Accounting: 56 %
  • General Management: 6 %
  • Human Resources: 3 %
  • Marketing/Sales: 9 %
  • Management Information Systems: 5 %
  • Operations/Logistics: 1 %
  • Other: 2 %

• Graduating students who accepted jobs in the following industries:

  • Government: 0 %
  • Consulting: 17 %
  • Consumer Products: 15 %
  • Financial Services: 25 %
  • Manufacturing: 5 %
  • Media/Entertainment: 0 %
  • Non-Profit: 2 %
  • Petroleum/Energy: 29 %
  • Pharmaceutical/Biotechnology/Health Care: 3 %
  • Real Estate: 1 %
  • Technology: 3 %

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

  • Asia: 3 %
  • Europe: 1 %
  • North America: 96 %

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

  • Northeast: 5 %
  • Mid-Atlantic: 2 %
  • South: 1 %
  • Southwest: 83 %
  • Midwest: 6 %
  • West: 2 %

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

  • Cameron 7
  • Education Pioneers 5
  • ExxonMobil 4
  • Waste Management 4
  • LeTourneau Technologies 4
  • FMC 3
  • ConocoPhillips 2
  • Cooper Industries 2
  • Ernst and Young 2
  • Anadarko Petroleum 2
  • General Electric 2
  • General Mills 2
  • Halliburton 2
  • Logica 2
  • Atwood Oceanics 2
• • Internships awarded that are paid: 98 %

• Weekly internship compensation:

  • Mean: $1,344.00
  • Median: $1,292.00
• • Average internship length in weeks: 11

SCHOOL COMMENTS

• • School Comments: Please visit the Jones Schools website the most current program information http://business.rice.edu/

• • -Pursuing my MBA at the Jones Graduate School of Business has been a fruitful experience. From an academic perspective, the blend of lecture, case discussion, team work and action-based learning promoted creative and practical thinking. Additionally, the school's relatively small class size fostered a family culture between students with long lasting relationships that would extend beyond the MBA program.
    
    -Houston is an excellent place for MBA recruiting. The Rice MBA program is so unique and offers a truly remarkable experience. The mix between academic professors and adjunct practitioners is excellent and makes for a program that inspires personal and professional growth.
    
    -At Rice, in addition to the world-class technical business education, students gain access to a surprisingly influential and global alumni network. I knew I wanted to stay in Houston post-graduation, so Rice was my top choice. However, I have classmates going all over the country post-graduation, which speaks to the growing national reputation of the Rice MBA brand. The program is young and small, but has employed a great strategy of controlled growth in order to keep the focus on quality, not quantity.
    
    -We call the Rice MBA program, the "Rice Family." It is small town-ish, everyone knows everyone else, and one is not allowed to not contribute to the class, the program, and the atmosphere. One matters here. One is not allowed to fade in the background and just get by. The small town, family feel was very important to me and vastly exceeded my expectations.
    
    -If you are looking to work in the energy industry and want a small school atmosphere, then Rice is a great place to be.
    
    -Rice offers a comprehensive program that is both challenging and rewarding. The student calibre in the classroom is excellent and the small size offers an intimidate feeling with both you and the professors.
    
    -The school is small enough that you can have great one-on-one relationships with faculty and easy access to career counselors, yet large enough that you have good diversity in the types of courses you can take. The administration is very committed to pleasing the students and bettering the academic environment.
    
    -At times, there should be an emphasis on lowering the academic pressure to better able students to spend more time in finding an internship or a job
    
    -I have learned both the hard skills (core finance, accounting, marketing, strategy) as well as the equally, if not more important soft skills (leadership, communications, organizational behavior, change management) while at Rice. Although the knowledge I have gained at Rice is extremely valuable, the most important parts of the Rice MBA program are my relationships with my classmates, faculty, and staff. The network I have established will help define my future, both professionally and relationally.