- Wednesday November 4, 2009
- Subscribe Now
Boston University
School of Management
Getting In
School of Management
595 Commonwealth Avenue
Boston
,
Massachusetts 02215
United States
Program Web site:
Status:
Private Institution
Program e-mail address:
Graduate business school is accredited by:
AACSB International
Other
Commission on Accred of Healthcare Mgmt Education
SCHOOL BASICS
Graduate business school enrollment:
Total:
1,198
Full-Time MBA:
333
Part-time MBA:
697
Executive MBA:
39
PhD Program:
32
Undergraduate business school enrollment:
2,016
Graduate degree programs:
Other graduate degree programs:
Master of Science in Investment Management; Master of Science in Mathematical Finance; Doctor of Philosophy in Mathematical Finance
PROGRAM COSTS
Total direct costs (tuition and required fees) of the entire MBA program:
Resident :
$
76,792
Nonresident :
$
76,792
Recommended annual budget (Resident):
$
56,172
Recommended annual budget (Nonresident):
$
56,172
PROGRAM LENGTH
Full-time program (months):
21
ADMISSIONS
Application Deadlines
Deadline:
11
Deadline:
1
Deadline:
3
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?
Yes
Which English language proficiency tests are accepted?
IELTS
TOEFL Computer Based
TOEFL Internet Based Test
TOEFL Paper-based Test
Minimum paper-based TOEFL score required for MBAs:
600
Relative Importance of Application Elements:
GMAT Score:
Important
Resume/Work Experience:
Very Important
Application Essays:
Important
Interviews:
Very Important
Recommendations:
Important
Undergraduate Transcripts:
Very Important
APPLICANTS
Applications (admitted and denied) to the newest class:
1,333
Applicants who were accepted to the most recent class:
30 %
Admitted applicants who enrolled in the newest class:
43 %
Applicants who were re-applicants from prior years:
2 %
Percentage of this year's reapplicants accepted:
10 %
Applicants wait-listed during the last admissions cycle:
80
Wait-listed applicants admitted for the semester to which they applied:
5
Applicant interviews are:
By invitation only
Applicants (admitted and denied) who were interviewed:
71 %
Admitted applicants who were interviewed:
100 %
APPLICANT POOL
International applications received:
54 %
Applications from women received:
41 %
CLASS PROFILE
Full-time students in newest entering class (2009-2010) that are:
Female:
38
%
International:
36
%
Students from following regions:
Africa :
1
%
Asia:
25
%
Eastern Europe and Central Asia:
3
%
Latin America and the Caribbean:
4
%
Middle East:
0
%
North America:
62
%
Oceania :
0
%
Western Europe:
5
%
Percentage of U.S. students in newest entering class that are:
African American:
2
%
Asian American:
19
%
Hispanic or Latino American:
3
%
Multiethnic/Multiracial :
8
%
Native American:
1
%
White (Non-Hispanic):
61
%
Chose not to report:
1
%
Other:
5
%
Percentage of U.S. students in newest entering class who are from the following regions:
Northeast:
45
%
Mid-Atlantic:
21
%
South:
5
%
Southwest:
3
%
Midwest :
6
%
West:
20
%
Possessions and territories:
0
%
Mean months of work experience of newest entering class:
59
Median months of work experience of newest entering class:
51
Middle 80% range of work experience of newest entering class in months:
From:
28
To:
92
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 who applied for financial aid for the current academic year:
100 %
Full-time MBAs receiving financial aid in the current academic year:
89 %
Mean MBA financial aid package for the current academic year:
$ 35,312
Median MBA financial aid package for the current academic year:
$ 35,000
On what basis are scholarships awarded?
A combination of need and merit
Full-tuition scholarships school will award during the upcoming academic year:
41
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:
$ 20,466
Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study:
100 %
GMAT
Are applicants required to take the GMAT?
Yes
GMAT scores:
Mean :
680
Median:
690
Middle 80% range GMAT scores:
From:
610
To:
740
Academics & Lifestyle
CLASS OFFERINGS
Average number of students in a full-time MBA core class:
51
Average number of students in a full-time MBA elective class:
23
Elective courses available to full-time MBA students:
68
Electives that have been added to the full-time program since June 30, 2009:
Business Transformation
Clean Energy Services: Financial Models and Incentives
Applied Ethics
Improving Your Decisions
International Entrepreneurship
Year of last major change or significant overhaul to the core curriculum:
2004
Concentrations and specializations offered to full-time MBA students:
Entrepreneurship
Finance
General Management
Health Care Administration
International Business
Management Information Systems
Marketing
Public Administration
Strategy
Other: Health Sector Management, Public & Non-Profit Management
Joint-degree programs offered to full-time MBAs:
MBA/JD (Law)
MBA/MA (Arts)
MBA/MD (Medicine)
MBA/MS (Science)
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
Health Care Administration
Marketing
Public Administration
Technology
FACULTY
Faculty employed by the B-school:
190
Full-time faculty:
Tenured:
54
Non-Tenured:
65
Adjunct/Visiting Faculty:
Tenured:
0
Non-Tenured:
77
Women on Faculty:
Tenured:
11
Non-Tenured:
43
Minority Faculty:
N/A
International Faculty:
Tenured:
16
Non-Tenured:
17
Faculty with PhDs:
Tenured:
54
Non-Tenured:
70
STUDENT LIFE
Professional clubs available to full-time MBA students:
Biotech/Health care
Consulting
Corporate Social Responsibility/NetImpact
Entrepreneurship
Environmental
Finance
Information Technology
Marketing
Media & Entertainment
Nonprofit
Networking clubs available to full-time MBA students:
Black MBA Association
Gay/Lesbian/Bisexual
Hispanic Student Organization
International Club
Partners/Family
Volunteer
Women in MBA
TEACHING/ACADEMICS
Teaching methods used:
Case Study:
50
%
Distance Learning:
0
%
Experiential Learning:
5
%
Lectures:
30
%
Simulations:
5
%
Team Projects:
10
%
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:
During FY09 the art, science and technology of business education delivery was leveraged by expanded use of video capture of lectures, virtual meeting spaces, team collaboration products, digital signage, and social networking software. These focus areas and services compliments SMG’s open source portfolio consisting of Sakai (course management system) and u-portal. The program also piloted mobile application development projects and launched various green computing initiatives to reduce carbon footprints, energy utilization and overall resource consumption.
Amount spent:
$ 5,320,842
Alumni Affairs & Careers
B-SCHOOL ALUMNI
Living MBA alumni:
15,783
Active MBA alumni clubs:
18
Countries in which MBA clubs exist:
10
Living MBA alumni who gave in past year:
11 %
Mean gift from MBA alumni:
$ 625
Median gift from MBA alumni:
$ 230
Did school receive an individual gift in excess of $10 million in the past academic year?
No
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:
Does the B-School have an alumni networking Web site?
Yes
Business school alumni networking site:
Do current MBA students have access to an alumni database?
Yes
CAREER SERVICES
Graduates seeking full-time professional MBA employment:
67
%
Graduates not seeking employment:
22
%
Graduates for whom you have no information regarding employment:
11
%
Annual job-searching trips that the school coordinates or participates in:
Destination:
National Society of Hispanic MBAs (NSHMBA)
Month:
October
Amount Paid By School:
Partial
Destination:
Black MBA
Month:
October
Amount Paid By School:
Partial
Destination:
West Coast Trek
Month:
November
Amount Paid By School:
None
Destination:
Reaching Out MBA
Month:
October
Amount Paid By School:
Partial
Primary source of job offer:
School-facilitated activities:
46
%
Graduate-facilitated activities:
33
%
No information provided by graduate:
21
%
Companies that recruited second-year MBAs on campus in 2008-09:
81
Companies that posted full-time job offers for MBAs
on the school's job boards in 2008-09:
320
Job Offers for 2009 graduates:
Received first job offer by graduation:
74
%
Received first job offer in three months following graduation:
16
%
Received first job offer more than 3 months after graduation:
0
%
Did not report having received a job offer:
10
%
Top recruiting organizations most recent academic year:
Bank of America
5
Philips
5
AT&T
2
ThermoFisherScientific
2
Staples
2
Bayer Pharmacueticals
1
Biogen
1
Partners Healthcare
1
Chevron
1
Cigna
1
Constant Contact
1
Deloitte Consulting
1
Pratt & Whitney
1
PricewaterhouseCoopers
1
Ocean Spray
1
Job-accepting graduates who received a signing bonus:
20 %
Base salary, signing bonuses and other compensation for most recent employed graduates:
Mean base salary:
$
93,725
Median base salary:
$
95,000
Mean signing bonus:
$
15,150
Median signing bonus:
$
15,000
Mean other guaranteed compensation:
$
11,484
Median other guaranteed compensation:
$
7,500
Graduating students who accepted jobs in the following functional areas:
Consulting:
13
%
Finance/Accounting:
26
%
General Management:
26
%
Human Resources:
0
%
Marketing/Sales:
21
%
Management Information Systems (MIS):
4
%
Operations/Logistics:
8
%
Other:
2
%
Graduating students who accepted jobs in the following industries:
Government:
3
%
Consulting:
8
%
Consumer Products:
3
%
Financial Services:
18
%
Manufacturing:
3
%
Media/Entertainment:
0
%
Non-Profit:
11
%
Petroleum/Energy:
3
%
Pharmaceutical/Biotechnology/Health Care:
28
%
Real Estate:
1
%
Technology:
13
%
Other:
9
%
Graduates who accepted full-time jobs in the following regions:
Africa:
0
%
Asia:
7
%
Eastern and Central Europe and Central Asia:
0
%
Latin America and the Caribbean:
2
%
Middle East:
0
%
North America:
85
%
Oceana:
0
%
Western Europe:
6
%
Within North America, graduates who accepted full-time jobs in the following regions:
Northeast:
76
%
Mid-Atlantic:
2
%
South:
10
%
Southwest:
5
%
Midwest:
0
%
West:
7
%
Possessions and territories:
0
%
Canada:
0
%
Companies that recruited MBAs for internships on campus in 2008-09:
20
Companies that posted internships for MBAs on school job boards in 2008-09:
190
Top recruiting organizations for internships, most recent academic year:
AT&T
4
Liberty Mutual
4
Bank of America
3
Genzyme
3
VmWare
2
New Balance
2
Hewlett Packard
2
The Lahey Clinc
2
Philips
2
Acceleration Partners
2
Biogen
1
Chevron
1
Cigna
1
Ericsson
1
Raytheon
1
Internships awarded that are paid:
91 %
Weekly internship compensation:
Mean:
$ 1,216
Median:
$ 1,250
SCHOOL COMMENTS
School Comments:
N/A
Graduate Comments
I think the experience at BU will prepare students to succeed in whatever career they choose. The primary reason is the emphasis the school places on teamwork. I found this part of the program especially rewarding, and would therefore recommend BU to my friends and collegues. -- Finance
BU's MBA program has professors who may be world-renowned, but, more importantly, are student renowned. They are accessible to their students, which is a huge benefit. -- Consulting
I had a great experience at Boston University, believe I received an outstanding education, and landed an excellent job. I would recommend the program to friends. -- Finance
This university is overrated and was a huge disappointment. -- Finance
My decision was heavily based on getting a 90% scholarship from Boston University. This made it extraordinarily valuable to me. I would only strongly recommend this program to a friend if he/she were to receive similar financial help. -- Finance
The professors are very knowledgeable, with both academic and real world experience. Additionally, they are almost always accessible for meeting with students. -- Marketing
THe program was amazing, I really enjoyed the experience and already have recomended the program to a number of friends that are concidering going back to school. -- Marketing
I had great experiences during the program with a diversity of my peers where I could learn about different aspects in a problem. I had the full support of all the professors in my program and they really helped me in opening my views towards a specific professional issue. -- Finance
The curriculum was great and the professors were excellent. The students were friendly but competitive but BU lacks a sense of community which I think is important. -- Finance
I gained a great deal of knowledge about business environment and developed soft skills such as Leadership, Team skills and communication skills. I feel that the faculties and the class-mates at Boston Uni. contributed a great deal towards my learning. I would certainly recommend Boston Uni.to get an MBA. -- Finance
The BU MBA program helped me tremendously in terms of learning how to network and strategically analyze various aspects of businesses. I would recommend the program to anyone based solely on the valuable learning experience I gained as well as the high quality of the faculty. -- Consulting
BU's career center didn't understand international students' situation. And there are only few positions opening for international students on career website. -- Finance
The quality of the program and the school facilities surpassed my expectations and returned a vast amount of knowledge and professional advancement. -- Marketing
The Boston University MBA program was one of the best experiences of my life. In addition to having been challenged by professors and classmates, I have developed close relationships that I expect to endure. -- Consulting
The BU MBA gave me the tools and exposure to refine my ambitions and outline a practical path to achieve my professional goals. -- Investment Banking
BU is a great school for people who have done their research and know what to expect. Some people have been disappointed, I think, by certain aspects, but my sense is that they had expected different things than the program is prepared to offer. -- Nonprofit
Admissions Tips
MBA Insider
Check out this feature-rich area for advice and tools that will help you choose the right school—and develop a strategy for getting accepted.
Community
MBA Forums
Ongoing conversations about MBA admissions, finding internships, landing a job, and more.
MBA Admissions
'Getting In' Blog
The latest news on admissions to top business schools from BW writers and editors.
MBA Toolkit
Links to BusinessWeek B-school resources to help get you in, pay for it, and get a great job.
B-School Life
Finding a Job
Paying the Bills
Business Tools
A-Z Index
Lists & Rankings
Blogs
- Apple
- Asia
- Autos
- Branding
- Economy
- Investing
- Management Trends
- Real Estate
- Small Business
- Social Media
- Technology
