FULL-TIME MBA Profiles Publish Date 11/13/08

University of Virginia

Getting In

PROGRAM BASICS

Full-Time MBA

University of Virginia's Darden Graduate School of Business Administration

100 Darden Blvd.
Charlottesville , Virginia 22903

Program Web site:

http://www.darden.virginia.edu

Status:

Public Institution

Program e-mail address:

darden@virginia.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

Full-time MBA: 1954
Executive MBA: 2006
Executive Education (non-degree): 1955
PhD program: 1965

PROGRAM COSTS

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

Resident : $ 84,000
Nonresident : $ 94,000
Recommended annual budget (Resident): $ 63,750
Recommended annual budget (Nonresident): $ 68,750

PROGRAM LENGTH

Full-time program (months):

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 765
Full-time MBA: 644
Executive MBA: 121

PhD program: 9

Undergraduate business school enrollment

13,762

Other graduate degree programs:

N/A

ADMISSIONS

Application Deadlines

Oct 28, 2008 Jan. 7, 2009 March 4, 2009

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?

Which English language proficiency tests are accepted?

TOEFL Computer Based

TOEFL Internet Based Test

TOEFL Paper-based Test

Other: N/A

Relative importance: 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

Applicants who were accepted to the most recent class:

25 %

Admitted applicants who enrolled in the newest class:

49 %

Applicant interviews are:

By invitation only

Admitted applicants who were interviewed:

100 %

APPLICANT POOL

CLASS PROFILE

Full-time students in newest entering class (2008-2009) that are:

Female: 29 %
International: 30 %

Ethnicity/US Students in Program

African American: 4 %
Asian American: 6 %
Hispanic or Latino American: 5 %
White (Non-Hispanic): 50 %
Chose not to report: 4 %
Other: 1 %

Students from following regions:

Asia: 8 %
Eastern Europe and Central Asia: 11 %
Latin America and the Caribbean: 4 %
Middle East: 1 %
North America: 70 %
Western Europe: 6 %

Entering North American citizens by region:

Northeast: 25 %
Mid-Atlantic: 45 %
South: 12 %
Southwest: 4 %
Midwest : 7 %
West: 7 %

Mean months of work experience of newest entering class:

Median months of work experience of newest entering class:

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

From: 24
To: 84

Median age of entering class:

Mean age of entering class:

FINANCIAL AID

Full-time MBAs apply for financial aid through:

Dedicated financial aid office at the B-school

Full-time MBAs applied for financial aid for the current academic year:

88 %

Full-time MBAs receiving financial aid through school:

88 %

Mean MBA financial aid package for the current academic year:

$ 42,500

Median MBA financial aid package for the current academic year:

$ 40,750

On what basis are scholarships awarded?

academic merit

Full-tuition scholarships school will award during the upcoming academic year:

How does an applicant apply for scholarship consideration?

all candidates are considered for scholarship

Mean scholarships awarded to full-time MBAs in the previous academic year:

$ 27,611

Percentage of second-year students receiving the same or more amount of money in their second year of study:

99 %

Does the school offer a guaranteed loan to all MBAs regardeless of nationality?

Yes

If so, what is the maximum amount a student can borrow per year?

$ 70,000

Mean outstanding debt among the most recent graduates from the full-time MBA program:

$ 65,353

GMAT

Applicants required to take the GMAT?

Yes

Mean : 693
Median: 700

Middle 80% range GMAT scores:

From: 640
To: 750

Academics & Lifestyle

CLASS OFFERINGS

Average students in a full-time MBA core class:

Average students in a full-time MBA elective class:

Elective courses available to full-time MBA students:

110

Electives that have been added to the full-time program since June 30, 2008:

Business and Sustainability
Professional Selling
Hot Topics in Finance
Hot Topics in Marketing
Emerging Medical Technology

Year of last major change or significant overhaul to the core curriculum:

2006

Joint-degree programs offered to full-time MBAs:

MBA/JD (Law)

MBA/MA (Arts)

MBA/MD (Medicine)

MBA/ME (Engineering)

MBA/MS (Science)

MBA/MSN (Nursing)

MBA/PhD

Other

Does the school offer an accelerated full-time MBA program?

FACULTY

Faculty employed by the B-school:

Full-time faculty

Tenured: 47
Non-Tenured: 19

Adjunct/Visiting Faculty

Tenured: 3
Non-Tenured: 28

Women on Faculty

Tenured: 9
Non-Tenured: 5

Minority Faculty

Tenured: 8
Non-Tenured: 3

International Faculty

Tenured: 5
Non-Tenured: 9

Faculty with PhDs

Tenured: 47
Non-Tenured: 18

Faculty who are also members of company boards of directors or advisors:

29 %

Faculty who have owned their own business:

38 %

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Business Law

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Environmental

Finance

High Tech

Investment Banking

Marketing

Media & Entertainment

Nonprofit

VC/ Private Equity

Other

Networking clubs available to full-time MBA students:

Black MBA Association

Gay/Lesbian/Bisexual

Hispanic Student Organization

International Club

Partners/Family

Volunteer

Wine

Women in MBA

Other

TEACHING/ACADEMICS

Teaching methods used

Case study: 70 %
Distance Learning: 4 %
Experiential Learning: 10 %
Lecture: 4 %
Simulations: 6 %
Team Project: 6 %

Requirements for graduation:

Students must have attended a minimum number of classes

Students must have earned a pre-determined GPA/Letter grade average

TECHNOLOGY

Is there a wireless network in main B-school buildings?

Yes

Technology improvements in the last three academic years:

Integrated and deployed new Darden Publishing ecommerce storefront, developed and integrated new Digital Rights Management system. Developed absentee tracking system, deployed new admissions SharePoint portal, developed and integrated the Career Development SharePoint portal with the CDC system, developed various SharePoint portals supporting research efforts, updated LMS components on SharePoint for MBA Exec and MBA programs. Added new video projectors in all 18 classrooms, deployment of new LMS for MBA for Executives (SharePoint), created 19 new multimedia/video/simulation products. Upgraded Admissions, Career Services, and Alumni System; Deployed new systems in support of distance learning; migrated existing web sites into a new content management system; Introduced clustering technology for critical application servers; Increased deployment of server virtualization tools; Deployed Blackberry server; Deployed new MBA, MBAE and Alumni portals; Developing new social networking system; Upgraded to Vista, Office 2007 and SharePoint 2007.

Amount spent:

$ 10.2 M

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

8,590

Active MBA alumni clubs

Countries in which MBA clubs exist

Living MBA alumni who gave in past year:

38 %

Mean gift from MBA alumni:

$ 953

Median gift from MBA alumni

$ 250

Did school receive an individual gift in excess of $10 million in past academic year?

Business School Endowment

$ 368,523,000

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://hoosonline.virginia.edu/alumni

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

http://www.darden.virginia.edu/alumni

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 94 %
Graduates not seeking employment: 6 %
Graduates for whom you have no information regarding employment: 0 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 47 %
Percentage who were starting their own business(es) : 53 %

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

Destination: New York-Minneapolis-Wash., D.C.-San Francisco
Month: December
Amount Paid By School: Partial
Destination: Houston-Chicago-India
Month: December
Amount Paid By School: Partial
Destination: Hong Kong-Shanghai-Seattle/Portland-Boston
Month: January
Amount Paid By School: Partial
Destination: Atlanta-Charlotte-Los Angeles
Month: January
Amount Paid By School: Partial
Destination: London
Month: November
Amount Paid By School: Partial

Primary Source of Job Offer

School-facilitated activities: 83 %
Graduate-facilitated activities: 17 %

Job Offers for 2008 graduates:

Received first job offer by graduation: 92 %
Received first job offer in three months following graduation: 3 %
Did not report having received a job offer: 5 %

Top recruiting firms and the number of full-time MBAs hired in the past 12 months:

	Bank of America Corp.		12
	Bain & Company		9
	Booz Allen Hamilton		9
	JPMorgan Chase & Co.		9
	Johnson & Johnson		8
	Lehman Bros.		7
	Deutsche Bank AG		7
	Lehman Bros.		7
	Citigroup Inc.		6
	Microsoft		6
	General Mills		4

	Danaher Corporation		7
	United Technologies Corporation		7
	Deloitte		6
	IBM		6
	Wachovia Securities		5

Job-accepting graduates who received a signing bonus:

84 %

Mean and median base salary, signing bonuses and other compensation for most recent employed graduates:

Mean base salary for most recent graduates: $ 103,963
Median base salary for most recent graduates: $ 100,000
Mean signing bonus for most recent graduates: $ 25,931
Median signing bonus for most recent graduates: $ 20,000
Mean other guaranteed compensation for most recent graduates: $ 19,722
Median other guaranteed compensation for most recent graduates: $ 12,000

Graduating students who accepted jobs in the following functional areas:

Consulting: 20 %
Finance/Accounting: 43 %
General Management: 23 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 11 %
Other: 3 %

Graduating students who accepted jobs in the following industries:

Consulting: 22 %
Consumer Products: 9 %
Financial Services: 35 %
Manufacturing: 13 %
Media/Entertainment: 1 %
Non-Profit: 1 %
Petroleum/Energy: 2 %
Pharmaceutical/Biotechnology/Health care Products: 3 %
Real Estate: 3 %
Technology: 8 %
Other: 3 %

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

Within North America, graduates who accepted full-time jobs in the following regions:

Northeast: 35 %
Mid-Atlantic: 21 %
South: 12 %
Southwest: 6 %
Midwest: 10 %
West: 8 %

Top Companies - Internships:

	Lehman Bros.		10
	McKinsey & Company		9
	Bain & Company		7
	Bank of America Corp.		7
	Goldman Sachs Group		7
	Boston Consulting Group		5
	Target Corp.		5
	Booz Allen Hamilton		4
	Citigroup Inc.		4
	JPMorgan Chase & Co.		4
	Microsoft		4

	Deloitte		8
	Danaher Corporation		7
	Corning		6
	United Technologies Corporation		4

Mean : N/A Median: N/A

SCHOOL COMMENTS

School Comments:

N/A

Graduate Comments

Darden was very challenging and very entertaining at the same time. The case method kept me engaged throughout the two year program, and I would recommend Darden to anyone who is looking for a thorough MBA education. -- Consulting

Darden is a rigorous program that is well suited for those who are looking for to challenge themselves and learn a great deal. If you are looking for a �two-year vacation� or a �rubber-stamp MBA� then this is not the place for you. I have already recommended Darden to several of my friends and former colleagues that share my strong work ethic. -- Investment Banking

Darden is the best: Great teachers, great students and great career development. It's a school filled with teachers who excel at teaching and students who actively participate. -- Marketing

Darden provides a number of advantages that some of the larger, urban b-schools can't: the cost of living is very low, the quality of living is surprisingly high given the school�s remote and lower-cost locale, the classes are small, and there is a real sense of community. -- Consulting

Darden�s location is remote, limiting the opportunity for partners moving to the area (in terms of career options as well as social infrastructure), which is likely an obstacle to recruiting top talent. Also, the small graduating classes (relative to other top programs) yields a smaller alumni base, and the b-school is regrettably isolated (alienated?) from the broader university community. -- Consulting

The Darden curriculum was the perfect preparation for my post-MBA career path. It was at once challenging and engaging. I learned valuable lessons in the classroom and made lifelong friends outside of it. -- Finance

Case method is very unique and really teaches you how to communicate in a public setting. Investment banking network is very strong and provided many opportunities. Finance/accounting classes were extremely beneficial and filled gaps from my prior education/work experience. -- Investment Banking

If someone is not interested in being extremely well rounded, but would rather super-specialize in one area, Darden might not be the best place. -- Consulting

I can't think of a better school where intelligent, attractive undergraduates intermingle so openly with the graduate students. As a single student, this kind of experience was well-matched to my objective of having an exciting life outside of the academic environment (while still receiving a top-notch education). -- Consulting

The core program was poor, and the teaching wasn't that great. Topics weren't covered well, and professors didn't sympathize with non-fast learners. Also, there were more than a few bad seeds in my class, and some unethical behavior occurred. -- Investment Banking

Darden was a solid program, but it lacks the "brand cache" in the minds of selective recruiting firms like private equity firms and hedge funds. -- Consulting

Darden has a very inclusive environment, where a great emphasis is put on teamwork. I was pleasantly surprised to see how much students went out of their way to help other students with academics, interview prep, research, etc. -- Marketing

Recruiters know that if you can handle the Darden workload, you will have no problem with a career in investment banking. All the top banks recruited here and all of them have a long Darden bench with strong loyalties. -- Investment Banking

Darden is the best-kept secret in the MBA world. It is a small school, with cohesion unmatched in the civilian world. Students truly want to see all their classmates succeed. It pushes people to stretch themselves to accomplish more than they thought they could. -- Consulting

I feel very connected to faculty and staff at Darden. I have been to the Dean's house for special functions at least three times. I've been to professors' houses for dinner and gone out to lunch many times with faculty and members of career services. And that's in addition to the open door policy that all of my professors had. -- Consulting

I am married and have an child in elementary school. While Darden is a rigorous program, Charlottesville is such a wonderful area that it made my long hours easier for my family to handle. -- Finance

I left a nice job, paid cash for my MBA experience, and estimate my total investment (including opportunity cost of income, etc.) to be in excess of $600k. And I'm graduating this weekend without a job - granted having pursued a very targeted middle-market private equity job search in an unfavorable macroeconomic environment - and I still couldn't be more satisfied. -- Venture Capital/Private Equity

As a student leader, I had the distinct privledge to work side by side with the best and brightest students in my class and faculty members as well. I have learned just as much in my out-of-class experiences (student government, consulting projects, etc.) as I did inside of class and I applaud Darden for making the diversity of experiences so vast. -- Consulting