PROGRAM BASICS

• • Schools of Business
  • MBA Program for Working Professionals
  • 1834 Wake Forest Road
  • Worrell Professional Center
  • Winston-Salem, 27106, North Carolina
  • United States
  • Program Web site: http://business.wfu.edu/
  • E-mail: busadmissions@wfu.edu
• • Percentage of part-time students who graduate within six years of entering program: 94 %
  • Average months to complete program: 24
  • Maximum months permitted to complete program: 24
  • Does the school have a separate full-time MBA program? Yes
  • If so, can part-time students switch to the full-time program? No

• Tuition per credit:

  • 0 (option: 0) $1,282.00
• • Graduate business school is accredited by: Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 640
  • Full-Time MBA: 120
  • Part-Time MBA: 236
• • Undergraduate business school enrollment: 513
  • Graduate degree programs: Master of Accounting, Other
  • Other graduate degree programs: Master of Arts in Management

ADMISSIONS, SELECTIVITY AND YIELD

• • Applicant interviews are: Required

ENTRY REQUIREMENTS

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

• GMAT score distribution (applicant pool)

  • 50th Percentile (median) 580
  • 90th Percentile 690
  • 25th Percentile 530
  • 75th Percentile 630
  • Average GMAT Score 573
  • 10th Percentile 456

• GMAT score distribution (incoming class)

  • 50th Percentile (median) 590
  • Average GMAT Score 590
  • 75th Percentile 630
  • 10th Percentile 520
  • 25th Percentile 543
  • 90th Percentile 660
• • Is proficiency in English required? 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

• Other additional English language proficiency tests accepted

  • PTE (Pearson Test of English)
• • Minimum paper-based TOEFL: 600

• Relative Importance of Application Elements:

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

CLASS PROFILE

• • Female students: 25 %
  • International students: 4 %

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

  • African American: 8 %
  • Asian American: 4 %
  • Hispanic or Latino American: 4 %
  • Native American: 2 %
  • White (Non-Hispanic): 76 %
  • Chose not to report: 3 %

• Postgraduate work experience (months):

  • Mean: 85
  • Median: 74
  • From: 37
  • To: 149
  • One year or less: 3 %

• Base salary of entering part-time MBA students:

  • Mean: $65,899.00
  • Median: $65,000.00

• Middle 80% range:

  • From: $40,000.00
  • To: $96,200.00

• Entering students work in the following functional areas:

  • Consulting: 9 %
  • Finance/Accounting: 18 %
  • General Management: 9 %
  • Human Resources: 0 %
  • Marketing/Sales: 19 %
  • Management Information Systems: 2 %
  • Operations/Production: 23 %
  • Other: 20 %

• Entering students work in the following industries:

  • Consulting: 6 %
  • Consumer Products: 5 %
  • Financial Services: 27 %
  • Government: 2 %
  • Manufacturing: 15 %
  • Media/Entertainment: 3 %
  • Non-Profit: 6 %
  • Petroleum/Energy: 4 %
  • Pharmaceutical/Biotechnology/Health Care: 5 %
  • Real Estate: 6 %
  • Technology: 8 %
  • Other: 13 %

• Organizations that send the most participants to the part-time MBA program:

  • Bank of America 21
  • Wells Fargo / Wachovia 20
  • BB&T 5
  • Gilbarco - Veeder Root 5
  • Reynolds American 5
• • Mean age, newest entering class: 31
  • Median age, newest entering clas: 30

FINANCIAL AID

• • Part-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • Students receiving some form of financial aid in 2011-12: 81 %

• Of part-time MBA students who applied for financial aid for the 2011-12 academic year, percentage receiving:

  • Institutional Scholarships: 48 %
  • Assistantships: 0 %
  • Loans (private and government): 65 %
• • Mean financial aid package: $25,475.00
  • Median financial aid package: $33,600.00
  • On what basis are scholarships awarded? A combination of need and merit
  • Full-tuition scholarships awarded, 2011-12: 0
  • How does an applicant apply for scholarship consideration? all candidates are considered for scholarships
  • Does school offer a guaranteed loan to all part-time MBAs? No
  • Mean outstanding debt at graduation: $42,833.00

FACULTY

• • Faculty employed by the B-school: 103

• Full-time faculty:

  • Tenured: 43
  • Non-Tenured: 19

• Adjunct/Visiting Faculty:

  • Tenured: 3
  • Non-Tenured: 38

• Women on Faculty:

  • Tenured: 8
  • Non-Tenured: 22

• Minority Faculty:

  • Tenured: 6
  • Non-Tenured: 3

• International Faculty:

  • Tenured: 1
  • Non-Tenured: 3

• Faculty with PhDs:

  • Tenured: 45
  • Non-Tenured: 31
• • Faculty on company boards: 32

STUDENT LIFE

• Active MBA specialization clubs open to part-time students:

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

• Active MBA networking clubs open to part-time students:

  • • International Club
    • Black MBA Association
    • Volunteer
    • Women in MBA
    • Other
    • Partners/Family
    • Wine
• • Do part-time MBA students have their own area/center on campus? No
  • Do part-time MBA students have break-out rooms? Yes

TEACHING/ACADEMICS

• Teaching Methods:

  • Case Study: 45 %
  • Distance Learning: 5 %
  • Experiential Learning: 15 %
  • Lectures: 15 %
  • Simulations: 5 %
  • Team Projects: 15 %
• • Estimated number of hours per week students spend on classwork, excluding time spent in class: 20
  • Teachers in the part-time program: 30
  • Tenured teachers in the part-time program: 14
  • Faculty also teaching in full-time program: 100 %
  • Faculty with at least five years of full-time corporate experience 48 %
  • Average core class size: 40
  • Average elective class size: 19
  • Electives available: 57
• • Last curriculum revision: 2010
  • Recent curriculum changes: In 2010, the Schools of Business added a Health concentration which further expanded the elective offerings. The following curriculum changes were adopted in 2010: 1) new core curriculum courses include Personal & Team Development, Career Management and Ethical Decision-Making and 2) part-time students now complete all core courses prior to taking electives.

• Concentrations and specializations offered to part-time MBAs:

  • • General Management
• • Does the B-school offer an accelerated part-time MBA program? No

• Leading areas of study:

  • • General Management

• Graduation requirements:

  • • Students must have earned a pre-determined GPA/Letter grade average
• • Credits required to graduate: 54

TECHNOLOGY

• • Technology improvements in the last three academic years: Wake Forest University is the first higher education school in the country to provide students a WebEx client for anytime, anywhere collaboration and free audio conferencing. Other new offerings: a website for students to assess, plan and track their career development; classroom recorders which capture HD video; Sakai (Learning Management System); and access to Citrix’s XenApp server to assist Apple users with access to virtualized Windows applications.
  • Amount spent: $1,457,455.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 7,004
  • Active MBA alumni clubs: 74
  • Countries in which MBA clubs exist: 7
  • Living MBA alumni who gave in past year: 18 %
  • Mean gift from MBA alumni: $2,360.00
  • Median gift from MBA alumni: $100.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? Yes
  • Business school endowment $71,546,442.00
  • 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.wfu.edu/alumni/
  • Does the B-school offer career services for alumni? Yes
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://business.wfu.edu/alumni
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Do part-time MBAs have access to career development office?
    • Yes
  • If yes, at what point in the degree process are part-time MBA students able to use the service?
    • At any time
  • Are part-time MBAs permitted to interview for full-time jobs? Yes
  • Are part-time students included in resume drops? Yes

• • -I had some issues with certain students that were accepted. The main issue being I felt that some students where just in the program for a piece of paper and not interested in actually bettering themselves or learning the material.
    
    -Wake Forest has been a great learning experience not only because of the professors but the students. The students are high quality with demanding careers from a variety of backgrounds that supports learning in the classroom setting. Wake Forest is not the cheapest nor the most expensive option in Charlotte region for an MBA but I believe it had the best value.
    
    -For Charlotte, NC business professionals the Wake Forest part-time program offers the highest quality education within our city and attracts the best students in the area, which results in excellent networking opportunities.
    
    -More connection with the main campus should be encouraged. Could provide more of sense of identity with the University. This, of course, leads to more generous alumni.
    
    -Wake Forest has the right mix of convenience, reputation, and quality of education. The school allows for in person instruction with high quality professors without missing any days of work.
    
    -We were put in MBA teams at the very start of the program. I would have liked to have switched teams at the mid-way point which would foster more networking and team building skills.
    
    -The academic rigor of Wake Forest met my needs to maintain work life balance. It did not dive too deep or skim too lightly throughout the course of the program. I also appreciated the diversity of industry, thought and opinion my peers provided throughout each session.
    
    -The quality of professors, speakers and the learning environment were great. The only negatives were the price and career placement.
    
    -I believe that Wake Forest has an extremely strong program. They also have an extremely strong alumni network and do as much as possible to keep this network running in tiptop shape.