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

University of Maryland

Smith School of Business

Getting In

PROGRAM BASICS

Full-Time MBA

Robert H. Smith School of Business

Van Munching Hall
College Park , Maryland 20742

Program Web site:

http://www.rhsmith.umd.edu/mba/programs/fulltimemba.aspx

Status:

Public Institution

Program e-mail address:

mba_info@rhsmith.umd.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

Full-time MBA: 1947
Part-time MBA : 1990
Undergraduate business program: 1921
Executive MBA: 2003
Executive Education (non-degree): 1989
PhD program: 1966

PROGRAM COSTS

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

Resident : $ 60,583
Nonresident : $ 82
Recommended annual budget (Resident): $ 47,241
Recommended annual budget (Nonresident): $ 58,167

PROGRAM LENGTH

Full-time program (months):

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 1330
Full-time MBA: 257
Part-time MBA: 1073
Executive MBA: 71

PhD program: 112
MS: 83

Graduate degree programs:

Master of Accounting

Other graduate degree programs:

N/A

ADMISSIONS

Application Deadlines

November 1, 2008 December 15, 2008 January 15, 2009 March 1, 2009

Does the program have rolling admissions?

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

Other: N/A

Minimum paper-based TOEFL score required for MBAs:

600

Relative importance: Application Elements

GMAT Score:

Important

Resume/Work Experience:

Important

Application Essays:

Important

Interviews:

Very Important

Recommendations:

Important

Undergraduate Transcripts:

Important

APPLICANTS

Applications (admitted and denied) to the newest class:

1204

Applicants who were accepted to the most recent class:

28 %

Admitted applicants who enrolled in the newest class:

40 %

Applicants who were re-applicants from prior years:

1 %

Percentage of this year's reapplicants accepted:

0 %

Applicants wait-listed during the last admissions cycle:

129

Wait-listed applicants admitted for the semester to which they applied:

Applicant interviews are:

By invitation only

Applicants (admitted and denied) who were interviewed:

46 %

Admitted applicants who were interviewed:

100 %

APPLICANT POOL

International applications received:

63 %

Applications from women received:

36 %

Mean base salary forgone:

$ 57,700

Median base salary forgone:

$ 55,000

CLASS PROFILE

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

Female: 29 %
International: 35 %
Married: N/A %

Ethnicity/US Students in Program

African American: 7 %
Asian American: 18 %
Hispanic or Latino American: 4 %
Multiethnic/Multiracial : 0 %
Native American: 0 %
White (Non-Hispanic): 71 %
Chose not to report: 0 %
Other: 0 %

Students from following regions:

Africa : 2 %
Asia: 22 %
Eastern Europe and Central Asia: 9 %
Latin America and the Caribbean: 3 %
Middle East: 2 %
North America: 60 %
Oceania : 0 %
Western Europe: 2 %
Percentage of students with dual citizenship: N/A %

Entering North American citizens by region:

Northeast: 9 %
Mid-Atlantic: 81 %
South: 1 %
Southwest: 0 %
Midwest : 3 %
West: 6 %
Possessions and territories: 0 %

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: 96

Median age of entering class:

Mean age of entering class:

FINANCIAL AID

Full-time MBAs apply for financial aid through:

Central financial aid office at the university

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

100 %

Mean MBA financial aid package for the current academic year:

$ 55,064

Median MBA financial aid package for the current academic year:

$ 55,064

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:

$ 33,483

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

31 %

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

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

$ N/A

GMAT

Applicants required to take the GMAT?

Yes

Mean : 660
Median: 660

Middle 80% range GMAT scores:

From: 590
To: 720

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:

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

Management Consulting
Economics of Sustainable Development
Innovation Management
Financial Information Systems
Entrepreneurial Finance & Private Equity

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

2007

Concentrations and specializations offered to full-time MBA students:

Accounting

Consulting

E-commerce

Entrepreneurship

Finance

Human Resource Management

International Business

Leadership

Management Information Systems

Marketing

Operations Management

Organizational Behavior

Strategy

Supply Chain Management

Technology

Joint-degree programs offered to full-time MBAs:

MBA/JD (Law)

MBA/MS (Science)

MBA/MSN (Nursing)

Other

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

FACULTY

Faculty employed by the B-school:

209

Full-time faculty

Tenured: 71
Non-Tenured: 138

Adjunct/Visiting Faculty

Tenured: 0
Non-Tenured: 0

Women on Faculty

Tenured: 18
Non-Tenured: 39

Minority Faculty

Tenured: 21
Non-Tenured: 30

International Faculty

Tenured: 16
Non-Tenured: 4

Faculty with PhDs

Tenured: 71
Non-Tenured: 96

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Business Ethics

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Finance

Information Technology

Investment Banking

Marketing

VC/ Private Equity

Other

Networking clubs available to full-time MBA students:

Black MBA Association

Gay/Lesbian/Bisexual

Hispanic Student Organization

International Club

Volunteer

Wine

Women in MBA

Other

TEACHING/ACADEMICS

Teaching methods used

Case study: 25 %
Distance Learning: 0 %
Experiential Learning: 5 %
Lecture: 40 %
Simulations: 10 %
Team Project: 20 %
Other: 0 %

Requirements for graduation:

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:

Van Munching Hall, home to the Smith School, is one of the most technologically advanced business school buildings in the world. In 2008, a 38,000 s.f. North Wing addition to Van Munching Hall opened. It houses four state-of-the-art classrooms, four conference rooms, and 10 student/team rooms and an executive meeting space equipped with a NASDAQ ticker. Recent upgrades to the original Van Munching Hall include the addition of video cameras, instructor touch panels, AV controls, and projection units. Other technology improvements include: a Mac Lab equipped with 20 iMac computers with 24” monitors and Adobe Creative Suite 3 and other media applications, along with scanners and printers. Many of our netcentric laboratories were upgraded. In the Supply Chain Lab, we now have the first Virtual Desktop Infrastructure (VDI) technology. In the Finance Lab, we added thin client hardware and now all finance applications are available via the Web. (Reuters Financial Certification is available.) The Behavioral Lab’s addition of an Audio Visual Lab is equipped with a Tobii eye tracker, along with audio and video capabilities to record team interactions and a large display screen to review and edit recorded data. Full-time MBA students are given Verizon Blackberry 8830 (World Edition model) handheld devises. Students have 1GB of e-mail and file storage space allotted to them and the Postini spam filter is in use. Smith uses PSync to allow a single sign on to access all UM online resources. A new Smith School Web site was launched in 2008 and video podcasts are available online and via iTunes. MBA Networth is the online community of practice for students. It includes course schedules, program announcements, classroom applications, virtual library, upcoming events, online directory and personal profiles. Students are able to use the school’s CVENT online event management system to manage their club events. Turning Point software is installed in all classrooms allowing students to participate in classroom instruction using clickers for real-time results. In the Ronald Reagan Building in Washington, D.C., the Smith space was renovated and upgraded and all class and lab machines were replaced and additional printing services were added along with an upgrade to the wireless network, including the installation of a TLS line.

Amount spent:

$ 7,640,384

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

8,338

Business School Endowment

$ 33,743,401

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.umd.edu/

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

http://www.alumninetwork.rhsmith.umd.edu

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 85 %
Graduates not seeking employment: 13 %
Graduates for whom you have no information regarding employment: 2 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 11 %
Percentage who were continuing their education (after graduation): 1 %
Percentage who were postponing their job search: 1 %
Percentage who were starting their own business(es) : 0 %
Percentage who were not seeking employment for other reasons: 0 %

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

Destination: Wall Street Trek
Month: November
Amount Paid By School: Partial
Destination: CareerQuest (Job Fair)
Month: September
Amount Paid By School: Partial
Destination: National Women MBA Conference
Month: October
Amount Paid By School: Full
Destination: National Black MBA Conference/Job Fair
Month: September
Amount Paid By School: Partial
Destination: National Society of Hispanic MBAs Conference/Career Fair
Month: October
Amount Paid By School: Partial

Primary Source of Job Offer

School-facilitated activities: 69 %
Graduate-facilitated activities: 31 %
No information provided by graduate: 0 %

Job Offers for 2008 graduates:

Received first job offer by graduation: 81 %
Received first job offer in three months following graduation: 9 %
Received first job offer more than 3 months after graduation: 1 %
Did not report having received a job offer: 9 %

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

Job-accepting graduates who received a signing bonus:

57 %

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

Mean base salary for most recent graduates: $ 85,225
Median base salary for most recent graduates: $ 88,000
Mean signing bonus for most recent graduates: $ 15,381
Median signing bonus for most recent graduates: $ 15,000
Mean other guaranteed compensation for most recent graduates: $ 0
Median other guaranteed compensation for most recent graduates: $ 0

Graduating students who accepted jobs in the following functional areas:

Consulting: 23 %
Finance/Accounting: 42 %
General Management: 4 %
Human Resources: 1 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 13 %
Management Information Systems (MIS): 3 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 6 %
Other: 8 %

Graduating students who accepted jobs in the following industries:

Government (Federal, State, Local, Military): 1 %
Consulting: 22 %
Consumer Products: 6 %
Financial Services: 28 %
Manufacturing: 11 %
Media/Entertainment: 0 %
Non-Profit: 0 %
Petroleum/Energy: 4 %
Pharmaceutical/Biotechnology/Health care Products: 6 %
Real Estate: 3 %
Technology: 10 %
Other: 9 %

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

Africa: 0 %
Asia: 6 %
Eastern and Central Europe and Central Asia: 0 %
Latin America and the Caribbean: 0 %
Middle East: 0 %
North America: 91 %
Oceana: 0 %
Western Europe: 3 %

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

Northeast: 21 %
Mid-Atlantic: 55 %
South: 5 %
Southwest: 3 %
Midwest: 7 %
West: 0 %
Possessions and territories: 0 %
Canada: 0 %

Top Companies - Internships:

Internships awarded that are paid:

100 %

Mean and median intern compensation per week:

Mean : 29
Median: 26

Average internship length in weeks:

SCHOOL COMMENTS

School Comments:

N/A

Graduate Comments

Smith does an excellent job with marketing, IT and consulting. It's probably not a great fit if you are trying to get to Wall Street. -- Marketing

I focused too much on my classes, and not enough on the job search and my career aspirations. As a result, I had trouble finding employment. Otherwise, the program was great. -- Finance

Smith's MBA program is challenging, which made me push myself and learn at full capacity. I not only learned from theory, but also from practical experience through guest speakers and mentorships. -- Consulting

The collaborative student body enhanced my understanding of new concepts and allowed me to benefit from the knowledge of my peers. I also felt comfortable approaching my professors, and they would always make time to speak with me about topics covered inside and outside of the classroom. -- Consulting

The MBA program at Smith taught me how to work well in groups and helped me identify my strengths and weaknesses in the work environment. It also challenged me intellectually, because I took classes outside of my comfort zone in unfamiliar quantitative subjects. -- Consulting

As a career changer, I found the program to be challenging, exciting and very informative. In terms of education, networking and practical learning, I have had a nearly perfect experience at Smith's B-school. -- Finance

My salary more than doubled as a result of my MBA, and I found a position in my preferred field at an excellent local company. But the best thing I received from Smith was the confidence to assert myself in the workplace. -- Consulting

The education you receive at the University of Maryland compares to any program in the country. This is evident in Maryland's tremendous success in national case competitions. Maryland also has great alumni and regional connections in all fields. -- Finance

Smith has a large number of limitations. The quality of faculty is very uneven, ranging from excellent to awful, the facilities could use improvement, and the administration routinely implements programs very poorly. -- Marketing

The Smith MBA program is a unique experience. It is small enough so that you are able to network with most of the class, yet diverse enough to meet people from all professional and cultural backgrounds. It is definitely a good return on investment compared to what is offered at other programs. -- Finance

Given Smith's current ranking, it�s very difficult to attract the top three consulting firms and investment banks. While some students do get interviews and offers from these firms, they�re mainly through personal efforts and not career services. -- Consulting

I was proud that going to Smith was my first big investment decision, because based on the investment valuation techniques I learned in the MBA program, it was an excellent one. -- Finance

The career services office was a disappointment. I did not receive a lot of advice and coaching, which would have been very helpful since I lacked focus in my job search. -- Finance

The company that I am currently working for recruited me from campus, and my compensation is almost double what I was making before my MBA. -- Information Technology

In addition to a rigorous academic training, we spent a lot of time working on developing our leadership and team spirit. And international students had access to cultural orientation services that helped a lot with settling down. -- Finance