Program Basics

• • Olin Business School
  • Campus Box 1133
  • 1 Brookings Dr.
  • St. Louis, 63130, Missouri
  • United States
  • Program Web site: http://www.olin.wustl.edu/academicprograms/Pages/default.aspx
  • Status: Private
  • Program e-mail address: mba@wustl.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 1,067
  • Full-Time MBA: 284
  • Part-Time MBA: 318
  • Executive MBA: 235
  • PhD Program: 53
• • Other graduate degree programs:
    • Master of Accounting
    • Master of Finance
    • Other
  • MS Supply Chain Management

PROGRAM COSTS

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

  • Resident: $94,225.00
  • Nonresident: $94,225.00
  • Recommended annual budget (Resident): $68,918.00
  • Recommended annual budget (Nonresident): $68,918.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Nov 15, 2011
  • Semester: Fall 2012
  • Deadline: Jan 4, 2012
  • Semester: Fall 2012
  • Deadline: Feb 15, 2012
  • Semester: Fall 2012
  • Deadline: Apr 1, 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? No

• Which English language proficiency tests are accepted?

  • • IELTS
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test

• Relative Importance of Application Elements:

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

APPLICANTS

• • Applications (admitted and denied) to the newest class: 1,490
  • Applicants who were accepted to the most recent class: 28 %
  • Admitted applicants who enrolled in the newest class: 33 %
  • Applicants who were re-applicants from prior years: 3 %
  • Percentage of this year's reapplicants accepted: 39 %
  • Applicant interviews are: By invitation only
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 70 %
  • Applications from women received: 28 %
  • Mean base salary forgone: $46,889.00
  • Median base salary forgone: $45,000.00

CLASS PROFILE

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

  • Female: 27 %
  • International: 35 %
  • Married: 22 %

• Students from following regions:

  • Africa: 0 %
  • Asia: 34 %
  • Europe: 1 %
  • North America: 65 %
  • Latin America and the Caribbean: 0 %
  • Oceania: 0 %
  • Dual citizenship: 0 %

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

  • African American: 10 %
  • Asian American: 10 %
  • Hispanic or Latino American: 3 %
  • Native American: 1 %
  • White (Non-Hispanic): 74 %
  • Chose not to report: 2 %

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

  • Northeast: 15 %
  • Mid-Atlantic: 8 %
  • South: 8 %
  • Southwest: 11 %
  • Midwest: 48 %
  • West: 10 %
• • Mean months of work experience of newest entering class: 52
  • Median months of work experience of newest entering class: 48

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

  • From: 0
  • To: 91
• • Median age of entering class: 27
  • Mean age of entering class: 28

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • Full-time MBAs receiving financial aid in the current academic year: 91 %
  • Mean MBA financial aid package for the current academic year: $53,459.00
  • Median MBA financial aid package for the current academic year: $55,384.00
  • 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: $26,145.00
  • 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: $36,617.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? Yes

• GMAT score distribution (applicant pool):

  • 10th Percentile 580
  • 25th Percentile 640
  • 50th Percentile (median) 690
  • 75th Percentile 710
  • 90th Percentile 740
  • Average GMAT Score 669

• GMAT score distribution (incoming class):

  • 25th Percentile 660
  • 50th Percentile (median) 700
  • 10th Percentile 640
  • 75th Percentile 720
  • 90th Percentile 750
  • Average GMAT Score 696

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 67
  • Average number of students in a full-time MBA elective class: 35
  • Elective courses available to full-time MBA students: 112

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

  • Markets, Business and the Environment
  • Analysis of Financial Institutions and Investments
  • Community Development and Environmental Preservation
  • Retail Management
  • Supply Chain Risk Management

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

  • • Consulting
    • Finance
    • Entrepreneurship
    • General Management
    • Marketing
    • Health Care Administration
    • Supply Chain Management
    • Accounting
    • Leadership
    • Operations Management
    • Strategy
    • Organizational Behavior
    • Portfolio Management

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

  • • MBA/MA (Arts)
    • MBA/March (Architecture)
    • MBA/JD (Law)
    • Other
    • 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
    • Marketing
    • Supply Chain Management
    • Strategy

FACULTY

• • Faculty employed by the B-school: 135

• Full-time faculty:

  • Tenured: 35
  • Non-Tenured: 49

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 47

• Women on Faculty:

  • Tenured: 4
  • Non-Tenured: 25

• Minority Faculty:

  • Tenured: 3
  • Non-Tenured: 6

• International Faculty:

  • Tenured: 13
  • Non-Tenured: 18

• Faculty with PhDs:

  • Tenured: 35
  • Non-Tenured: 81

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Business Law
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Finance
    • Marketing
    • VC/ Private Equity
    • Manufacturing
    • Media & Entertainment

• Networking clubs available to full-time MBA students:

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

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 35 %
  • Experiential Learning: 20 %
  • Lectures: 20 %
  • Simulations: 5 %
  • Team Projects: 20 %

• 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: Digital signage was deployed, using centralized software and control. Customer Relationship Management software deployed and adopted by school. Student email outsourced to Microsoft Live@EDU. Single signon deployed to school applications. Unified print management and print charges with the University. Upgraded network for faster Internet access
  • Amount spent: $6,685,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 11,217
  • Active MBA alumni clubs: 36
  • Countries in which MBA clubs exist: 8
  • Living MBA alumni who gave in past year: 27 %
  • Mean gift from MBA alumni: $653.00
  • Median gift from MBA alumni: $100.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $233,517,392.00
  • 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: https://www.wustlconnections.com
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.olin.wustl.edu/alumni/CareerServices/Pages/Networking.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: 87 %
  • Graduates not seeking employment: 10 %
  • Graduates for whom you have no information regarding employment: 3 %

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

  • Destination: Chicago Talent Summit/Alumnni Reception
  • Month: January
  • Amount Paid By School: Partial
  • Destination: New York Talent Summit/Alumni Reception
  • Month: January
  • Amount Paid By School: Partial
  • Destination: Silicon Valley Talent Summit/Alumni Reception
  • Month: January
  • Amount Paid By School: Partial
  • Destination: Consortium OP Program
  • Month: June
  • Amount Paid By School: Partial
  • Destination: NSHMBA/NBMBAA Career Fairs
  • Month: October
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 59 %
  • Graduate-facilitated activities: 33 %
  • No information provided by graduate: 8 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 74 %
  • Received first job offer in three months following graduation: 21 %
  • Did not report having received a job offer: 5 %
  • Accepted first job offer by graduation: 69 %
  • Accepted first job offer in three months following graduation: 25 %
  • Did not report having accepted a job offer: 6 %

• Top recruiting organizations most recent academic year:

  • Essence Healthcare 4
  • Solutia 4
  • Johnson & Johnson 3
  • Anheusre-Busch InBev 3
  • Wells Fargo 3
  • Emerson 3
  • Accenture 2
  • Citi 2
  • Edward Jones 2
  • Essilor International 2
  • Humana 2
  • Nestle Purina PetCare 2
  • Sigma-Aldrich 2
  • Wal-Mart 2
  • Exxon Mobil 1
• • Job-accepting graduates who received a signing bonus: 58 %

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

  • Mean base salary: $90,103.00
  • Median base salary: $90,000.00
  • Mean signing bonus: $15,859.00
  • Median signing bonus: $15,000.00
  • Mean other guaranteed compensation: $9,057.00
  • Median other guaranteed compensation: $5,000.00

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

  • Consulting: 19 %
  • Finance/Accounting: 34 %
  • General Management: 10 %
  • Human Resources: 3 %
  • Marketing/Sales: 21 %
  • Management Information Systems: 0 %
  • Operations/Logistics: 8 %
  • Other: 5 %

• Graduating students who accepted jobs in the following industries:

  • Government: 1 %
  • Consulting: 9 %
  • Consumer Products: 16 %
  • Financial Services: 15 %
  • Manufacturing: 12 %
  • Media/Entertainment: 1 %
  • Non-Profit: 3 %
  • Petroleum/Energy: 4 %
  • Pharmaceutical/Biotechnology/Health Care: 16 %
  • Real Estate: 1 %
  • Technology: 10 %
  • Other: 12 %

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

  • Africa: 0 %
  • Asia: 10 %
  • Europe: 3 %
  • North America: 86 %
  • Oceania: 0 %
  • Latin America and the Caribbean: 1 %

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

  • Northeast: 15 %
  • Mid-Atlantic: 4 %
  • South: 7 %
  • Southwest: 4 %
  • Midwest: 62 %
  • West: 8 %
  • Possessions and territories: 0 %

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

  • Centene 4
  • Express-Scripts 4
  • Belden 3
  • Essilor International 3
  • Kimberly-Clark 3
  • Solae 3
  • Peabody Energy 2
  • Boeing 2
  • Citi 2
  • Edward Jones 2
  • Emerson 2
  • Exxon Mobil 2
  • Humana 2
  • IBM 2
  • Morgan Stanley 2
• • Internships awarded that are paid: 100 %

• Weekly internship compensation:

  • Mean: $1,116.00
  • Median: $1,062.00
• • Average internship length in weeks: 12

• • -I had a great experience at Wash U. I met a diverse group of individuals who were willing to help their classmates even to the extent of sharing their personal industry contacts. While WashU is a very solid program,we are adversely affected by a weak brand recognition/perception particularly in the NE region of the US. It makes it difficult to secure opportunities in the financial services industry.
    
    -Olin is a place that combines caring teachers and small class sizes so it is a very tightly-knit school. Pair that with the excellent learning environment and great local job market and I would be foolish not to urge my friends to apply to Wash U (Olin).
    
    -The alumni network within the school is very responsive, and is placed within many global institutions. The caliber of the teachers and students made for an amazing experience when class discussion shifted to real world experiences and application of theoretical frameworks in a business setting. Some of the experiential learning courses in particular, like the Skandalaris Student Venture Fund, allow for exposure to venture capital, angel investing, and private equity in an environment where there is real relationships with firms and capital at stake. The teachers at the school were consistently available for discussion for topics that were not even related to schoolwork.
    
    -Olin Business School has far exceeded my expectations. The culture of the school has been outstanding. I am constantly challenged yet supported. The network I've built and the friendships I've made with my classmates, faculty, staff and administrators will extend far beyond graduation.
    
    -While the professor's at Wash U are outstanding, I felt that the administration was lacking. They seemed out of touch with what was happening in the market place. The program directors seemed aloof. The career services department was always in a state of upheaval the entire time I was there. The on campus interviewing was lacking and on numerous occasions they tried to lump us with undergraduates for potential employers. This was quite embarrassing.
    
    -The career center needs a significant re-vamp. They have been unable to connect current students with employers or even alumni. Their solution to a lack of a robust system for applying to jobs or connecting with alumni is to refer students to LinkedIn or Facebook. The career center is, without a doubt, the worst part of Olin. Given that a person might spend ~$120k on an education to leverage themselves into a better job, I think it is worth examining the risk that the career center may be of little to no use in the job search. If one is confident in their own abilities to network and "go it alone" in the career search, then Olin is a fantastic school. The faculty show a tremendous interest in the students, utilize real-life examples, and work integratively with other professors to create a seamless business leadership preparation experience.
    
    -Olin Business School has a great program - the smaller class size allows for personal interaction with the faculty, staff and fellow classmates. Hands on projects like practicum and taylor consulting projects give valuable experience, in which student apply the concepts they learn in the classrooms.
    
    -The expectations of coming to a small school like Olin should be clear in the candidates mind. If he is hoping that he will get into McKinsey or Goldman Sachs after graduation, he is wrong. The school prepares you for a great future. Not your dream job after graduation Olin Business School delivers superb access to world-class faculty (cohort size of 150 MBA candidates matched with 77 full-time faculty equals a 2:1 student-faculty ratio) and personalized attention, combined with the resources of a Top-15 national university in Washington University, St. Louis.
    
    -In my case, the personalized faculty instruction combined with luxurious library, computer, meeting room, and dining resources accelerated my learning of business management principles, which enabled me to win a job working with the CFO of a Fortune 500 company.
    
    -The career center and MBA administration are some of the worst. They act like a 6th grade clique--there are favored students who get all the goodies (interviews, attention, and perks). With a school of 150 full time MBAs per class this is noticeable and rude, not that it would be any less uncouth at any other school. The administration's head in the cloud outlook on life is frustrating--they focus their efforts, not on student satisfaction or career metrics, but on "The Rankings". If it didn't effect "The Rankings", it could wait. We (2nd year students) also got a pep talk on "The Rankings" and how we should "approach" them. The career center does not adequately prepare and council students on the job market or for interviews.
    
    -The student body at Wash U is truly incredible. My classmates are people I respect, learned from, and look forward to working and networking with throughout my career. What a fabulous opportunity to be enriched by such intelligent, well-rounded people!
    
    -The one blight upon the school is the career center. The Weston Career Center is fully incapacitated and unable to assist students in any fashion. The job search, interview preparation, and resume reviews--none of these critical elements are properly addressed by the career center. It is not for lack of trying; like my peers, I have scheduled meeting after meeting with career center advisers only to have them not show up or brush me off via referral to LinkedIn as the best option for career networking. The career center has actually gotten to the point where it is not only useless, but it actually handicaps most of the students. Alumni reach out to us without the assistance of the career center, but the career center often pushes them away in hopes of controlling all interactions via their offices. The Career Center appears to be fighting for it's life to control all career-oriented action, but produces no results. I can honestly say that the career center has been the number one handicap to my career, as well as that of my classmates.