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

University of Michigan

Ross School of Business

Getting In

PROGRAM BASICS

Full-time MBA

Stephen M. Ross School of Business

724 E. University Ave
Room E2540
Ann Arbor , Michigan 48109

Program Web site:

http://www.bus.umich.edu/mba

Status:

Public Institution

Program e-mail address:

rossmba@umich.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

Full-time MBA: 1924
Part-time MBA : 1967
Undergraduate business program: 1943
Executive MBA: 2001
Executive Education (non-degree): 1935
PhD program: 1935

PROGRAM COSTS

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

Resident : $ 80,879
Nonresident : $ 90,879
Recommended annual budget (Resident): $ 60,145
Recommended annual budget (Nonresident): $ 65,145

PROGRAM LENGTH

Full-time program (months):

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 1728
Full-time MBA: 898
Part-time MBA: 683
Distance MBA: 0
Executive MBA: 147

PhD program: 95
Other: 62

Undergraduate business school enrollment

1,077

Graduate degree programs:

Master of Accounting

Other graduate degree programs:

Masters in Supply Chain Management

ADMISSIONS

Application Deadlines

October 10, 2008 January 2, 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?

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:

Very Important

Resume/Work Experience:

Very Important

Application Essays:

Very Important

Interviews:

Very Important

Recommendations:

Very Important

Undergraduate Transcripts:

Very Important

APPLICANTS

Applications (admitted and denied) to the newest class:

3026

Applicants who were accepted to the most recent class:

20 %

Admitted applicants who enrolled in the newest class:

71 %

Applicants who were re-applicants from prior years:

3 %

Percentage of this year's reapplicants accepted:

10 %

Applicants wait-listed during the last admissions cycle:

223

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

Applicant interviews are:

By invitation only

Applicants (admitted and denied) who were interviewed:

39 %

Admitted applicants who were interviewed:

100 %

APPLICANT POOL

International applications received:

41 %

Applications from women received:

27 %

Mean base salary forgone:

$ 68,271

Median base salary forgone:

$ 62,114

CLASS PROFILE

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

Female: 34 %
International: 27 %
Married: 16 %

Ethnicity/US Students in Program

African American: 8 %
Asian American: 21 %
Hispanic or Latino American: 5 %
Multiethnic/Multiracial : 0 %
Native American: 1 %
White (Non-Hispanic): 57 %
Chose not to report: 1 %
Other: 8 %

Students from following regions:

Africa : 1 %
Asia: 15 %
Eastern Europe and Central Asia: 1 %
Latin America and the Caribbean: 7 %
Middle East: 4 %
North America: 69 %
Oceania : 0 %
Western Europe: 3 %

Entering North American citizens by region:

Northeast: 21 %
Mid-Atlantic: 11 %
South: 5 %
Southwest: 3 %
Midwest : 34 %
West: 25 %
Possessions and territories: 1 %

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: 36
To: 101

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:

75 %

Full-time MBAs receiving financial aid through school:

75 %

Mean MBA financial aid package for the current academic year:

$ 49,237

Median MBA financial aid package for the current academic year:

$ 59,800

On what basis are scholarships awarded?

financial need

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:

$ 14,285

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

100 %

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

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

$ 0

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

$ 79,593

GMAT

Applicants required to take the GMAT?

Yes

Mean : 706
Median: 710

Middle 80% range GMAT scores:

From: 650
To: 760

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:

145

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

International Business Immersion
CleanTech Venture Opportunities
Projects in Heathcare
Organization of Business Relationships
Service Innovation Management

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

2004

Joint-degree programs offered to full-time MBAs:

MBA/JD (Law)

MBA/MA (Arts)

MBA/March (Architecture)

MBA/MD (Medicine)

MBA/Meng (Engineering - Manufacturing Management)

MBA/MHSA (Health Services Administration)

MBA/MS (Science)

MBA/MSIE (Industrial Engineering)

MBA/MSIM (Information Management)

MBA/MSN (Nursing)

Other

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

FACULTY

Faculty employed by the B-school:

179

Full-time faculty

Tenured: 75
Non-Tenured: 65

Adjunct/Visiting Faculty

Tenured: 0
Non-Tenured: 39

Women on Faculty

Tenured: 15
Non-Tenured: 33

Minority Faculty

Tenured: 3
Non-Tenured: 3

International Faculty

Tenured: 22
Non-Tenured: 28

Faculty with PhDs

Tenured: 75
Non-Tenured: 76

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Environmental

Finance

High Tech

Information Technology

Investment Banking

Manufacturing

Marketing

Media & Entertainment

Nonprofit

VC/ Private Equity

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

TEACHING/ACADEMICS

Teaching methods used

Case study: 25 %
Distance Learning: 0 %
Experiential Learning: 25 %
Lecture: 20 %
Simulations: 15 %
Team Project: 15 %

Requirements for graduation:

Students must have attended a minimum number of classes

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

Students must complete a company-specific project and present results to relevant parties

Other

Additional graduation requirements:

Students must complete specific required core courses

TECHNOLOGY

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

Yes

Technology improvements in the last three academic years:

802.11N wireless ($400,000) Audience response systems in all classrooms Plasma screens in all study rooms Desktop Video conference for all students (Microsoft Live Meeting) Projector upgrades in all classrooms ($150,000) Student lab and classroom computer upgrades ($250,000)

Amount spent:

$ 15,000,000

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

25,463

Active MBA alumni clubs

Countries in which MBA clubs exist

Living MBA alumni who gave in past year:

18 %

Mean gift from MBA alumni:

$ 2,492

Median gift from MBA alumni

$ 150

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

Yes

Business School Endowment

$ 420,300,000

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://alumni.umich.edu/online-services/in_circle.php

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

http://www.bus.umich.edu/networking/alumnidirectory.asp

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 88 %
Graduates not seeking employment: 6 %
Graduates for whom you have no information regarding employment: 6 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 69 %
Percentage who were continuing their education (after graduation): 0 %
Percentage who were postponing their job search: 22 %
Percentage who were starting their own business(es) : 9 %
Percentage who were not seeking employment for other reasons: 0 %

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

Destination: New York, NY
Month: October
Amount Paid By School: Partial
Destination: San Francisco, CA
Month: Partial

Primary Source of Job Offer

School-facilitated activities: 72 %
Graduate-facilitated activities: 28 %
No information provided by graduate: 1 %

Companies that recruited second-year MBAs on campus in 2007-08:

164

Companies that posted full-time job offers for MBAs on the school's job boards in 2007-08:

240

Job Offers for 2008 graduates:

Received first job offer by graduation: 89 %
Received first job offer in three months following graduation: 1 %
Received first job offer more than 3 months after graduation: 0 %
Did not report having received a job offer: 10 %

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

	McKinsey & Company		16
	Boston Consulting Group		12
	Deloitte Touche Tomatsu		11
	Citigroup Inc.		9
	Bank of America Corp.		9
	Booz Allen Hamilton		9
	7
	JPMorgan Chase & Co.		7
	Deutsche Bank AG		7
	7
	7
	7
	6
	Intel		6
	Credit Suisse Group		5

	Accenture LTD.		7
	Microsoft Corp.		7
	Johnson & Johnson		7
	Medtronic, Inc.		7
	Cisco Systems Inc.		6

Job-accepting graduates who received a signing bonus:

90 %

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

Mean base salary for most recent graduates: $ 103,608
Median base salary for most recent graduates: $ 100,000
Mean signing bonus for most recent graduates: $ 24,764
Median signing bonus for most recent graduates: $ 20,000
Mean other guaranteed compensation for most recent graduates: $ 22,858
Median other guaranteed compensation for most recent graduates: $ 15,000

Graduating students who accepted jobs in the following functional areas:

Consulting: 29 %
Finance/Accounting: 27 %
General Management: 10 %
Human Resources: 0 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 25 %
Management Information Systems (MIS): 0 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 1 %
Other: 8 %

Graduating students who accepted jobs in the following industries:

Government (Federal, State, Local, Military): 0 %
Consulting: 25 %
Consumer Products: 9 %
Financial Services: 25 %
Manufacturing: 4 %
Media/Entertainment: 0 %
Non-Profit: 0 %
Petroleum/Energy: 3 %
Pharmaceutical/Biotechnology/Health care Products: 6 %
Real Estate: 0 %
Technology: 15 %
Other: 13 %

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

Africa: 0 %
Asia: 8 %
Eastern and Central Europe and Central Asia: 1 %
Latin America and the Caribbean: 0 %
Middle East: 0 %
North America: 89 %
Oceana: 0 %
Western Europe: 1 %

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

Northeast: 27 %
Mid-Atlantic: 5 %
South: 4 %
Southwest: 7 %
Midwest: 35 %
West: 22 %
Possessions and territories: 0 %
Canada: 0 %

Companies that recruited MBAs for internships on campus in 2007-08:

139

Companies that posted internships for MBAs on school job boards in 2007-08:

272

Top Companies - Internships:

	Dell		12
	11
	Deloitte Touche Tomatsu		10
	JPMorgan Chase & Co.		10
	Boston Consulting Group		9
	UBS		9
	Amazon.com		9
	McKinsey & Company		8
	Deutsche Bank AG		8
	8
	Booz Allen Hamilton		7
	Bain & Company		7
	7
	7
	Credit Suisse Group		6

	Cisco Systems Inc.		11
	Microsoft Corp.		8
	Kraft Foods		7
	Sears Holdings		7

Internships awarded that are paid:

100 %

Mean and median intern compensation per week:

Mean : 1,549
Median: 1,477

Average internship length in weeks:

SCHOOL COMMENTS

School Comments:

N/A

Graduate Comments

I was already very pleased with Michigan, even as it is going through a difficult time in terms of facilities because a new building is being constructed. When the building is ready (end of 2008), I believe Michigan will be unsurpassed in terms of facilities, as well as in terms of faculty (outstanding) and as an overall learning center with an incredible history and location. -- Consulting

MBA experience at Michigan is one of the most valuable experience. Academics, Social life, Extra curricular and opportunities to develop leadership skills. -- Finance

There really isn't another program out there combines the core skills with an understanding of complex corporate responsibility issues. The program truly prepares students to use the power of business to change corporate America, society, and the environment for the better. -- Marketing

Michigan was the right fit school for me. I was looking for a good general management school. I found that Michigan lived up to its expectation of being a great place to go to school. I always knew I could count on my classmates anytime I needed help. -- Finance

The short term value of an MBA depends on your age and level of experience. The "sweet spot" is getting an MBA after you have worked 3-5 years. After working more than 3-5 years prior to enrolling in an MBA program, the opportunity cost may be too high to be justified for the short term. -- Information Technology

MBA is a single-purpose program: to work in a better place. My expectations are vastly exceeded and it's largely attributed to my school prestige and its career development efforts.-- Investment Banking

Ross is very good school with accessible faculty and a student body that is very collaborative and collegial. -- Marketing

Michigan has a great, well rounded program. However, I believe each top MBA has its own culture and strengths. I would urge friends or colleagues to go to Michigan if it was a good fit. -- Human Resources

Excellent breadth of employers seeking Michigan graduates. -- Finance

Different schools are for different people, but I feel that Michigan has a culture, and has program offerings that would be compatible with the individuals I would recommend for an MBA. -- FInance

Excellent experience, great class spirit, true friends -- Consulting

Harsh weather in winter but still a good place to study and a good university to enroll in. -- Investment Banking

I was very impressed with the entreprenerial offerings at Michigan, and was only able to take advantage of a few of the many opportunities. I also thought Michigan was very good at encouraging teamwork and a collaborative environment. -- Marketing

Ross has a community that is strong, encouraging, and boundless in interests and pursuits. -- Consulting

Ross needs to adjust its school academic calendar because lots of companies are coming to school for interview during the final exam period; very hard to focus on both. -- Marketing

Overall, the MBA was an amazing personal, professional and academic experience. I can clearly see how much I developed myself in these three fields over the 2 years. --Consulting

There is something to be said about a school that has a team spirit that is built around the football team. Every Michigan student, undergrad or grad has a common bond that is more than just the name - its the fighting spirit! -- Consulting