University of Michigan, Ann Arbor

Program Basics

• • full time MBA
  • Stephen M. Ross School of Business
  • 724 E. University
  • MI
  • Ann Arbor, 48109, Michigan
  • United States
  • Program Web site: http://www.bus.umich.edu/mba
  • Status: Public
  • Program e-mail address: RossMBA@umich.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 1,914
  • Full-Time MBA: 1,046
  • Part-Time MBA: 432
  • Executive MBA: 129
  • PhD Program: 104
• • Other graduate degree programs:
    • Master of Accounting
    • Other
  • MSCM--Masters of Supply Chain Management

PROGRAM COSTS

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

  • Resident: $95,694.00
  • Nonresident: $105,694.00
  • Recommended annual budget (Resident): $68,724.00
  • Recommended annual budget (Nonresident): $73,724.00

PROGRAM LENGTH

• • Full-time program (months): 20

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2011
  • Deadline: Oct 10, 2011
  • Semester: Winter 2011
  • Deadline: Jan 4, 2012
  • Semester: Spring 2012
  • Deadline: Mar 1, 2012
• • 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 Internet Based Test
• • Minimum paper-based TOEFL score required for MBAs: 600

• Relative Importance of 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: 2,929
  • Applicants who were accepted to the most recent class: 32 %
  • Admitted applicants who enrolled in the newest class: 53 %
  • Applicants who were re-applicants from prior years: 5 %
  • Percentage of this year's reapplicants accepted: 33 %
  • Applicants wait-listed during the last admissions cycle: 472
  • Wait-listed applicants admitted for the semester to which they applied: 131
  • Applicant interviews are: By invitation only
  • Applicants (admitted and denied) who were interviewed: 50 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 55 %
  • Applications from women received: 25 %
  • Mean base salary forgone: $62,000.00
  • Median base salary forgone: $63,500.00

CLASS PROFILE

• Full-time students in newest entering class (2010-2011) that are:

  • Female: 31 %
  • International: 33 %
  • Married: 17 %

• Students from following regions:

  • Africa: 1 %
  • Asia: 19 %
  • Europe: 4 %
  • North America: 68 %
  • Latin America and the Caribbean: 7 %
  • Oceania: 1 %

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

  • African American: 6 %
  • Asian American: 26 %
  • Hispanic or Latino American: 6 %
  • Multiethnic/Multiracial: 3 %
  • Native American: 0 %
  • White (Non-Hispanic): 53 %
  • Chose not to report: 6 %

• Percentage of U.S. students in newest entering class who are from the following regions:

  • Northeast: 9 %
  • Mid-Atlantic: 29 %
  • South: 8 %
  • Southwest: 2 %
  • Midwest: 30 %
  • West: 22 %
  • Possessions and territories: 0 %
• • Mean months of work experience of newest entering class: 61
  • Median months of work experience of newest entering class: 57

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

  • From: 38
  • To: 89
• • 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: 75 %
  • Full-time MBAs receiving financial aid in the current academic year: 75 %
  • Mean MBA financial aid package for the current academic year: $53,322.00
  • Median MBA financial aid package for the current academic year: $66,357.00
  • On what basis are scholarships awarded?
    • academic merit
    • financial need
  • 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: $23,422.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 100 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No
  • Mean outstanding debt among the most recent graduates from the full-time MBA program: $93,602.00

GMAT

• • Are applicants required to take the GMAT? No
  • Are applicants allowed to submit the GRE? Yes
  • If not, how are applicants' quantitative abilities checked before enrollment? GRE

• GMAT score distribution (applicant pool):

  • 25th Percentile 670
  • 50th Percentile (median) 700
  • 10th Percentile 620
  • 75th Percentile 730
  • 90th Percentile 750
  • Average GMAT Score 689

• GMAT score distribution (incoming class):

  • 25th Percentile 680
  • 50th Percentile (median) 710
  • Average GMAT Score 703
  • 10th Percentile 650
  • 75th Percentile 730
  • 90th Percentile 750

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 72
  • Average number of students in a full-time MBA elective class: 45
  • Elective courses available to full-time MBA students: 146

• Electives that have been added to the full-time program since June 30, 2010:

  • ES 720 Commercialization of Biomedicine
  • OMS 649 Revenue Management
  • OMS 582 Action Learning Projects
  • BA 685 Healthcare in Emerging Markets

• Joint-degree programs offered to full-time MBAs:

  • • MBA/MS (Science)
    • MBA/MSIM (Information Management)
    • MBA/MA (Arts)
    • MBA/March (Architecture)
    • MBA/MHSA (Health Services Administration)
    • MBA/JD (Law)
    • MBA/MD (Medicine)
    • MBA/Meng (Engineering - Manufacturing Management)
    • Other
    • MBA/MSN (Nursing)
    • MBA/MSIE (Industrial Engineering)
• • 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
    • General Management
    • Marketing
    • Consulting
    • Strategy

FACULTY

• • Faculty employed by the B-school: 199

• Full-time faculty:

  • Tenured: 68
  • Non-Tenured: 62

• Adjunct/Visiting Faculty:

  • Tenured: 13
  • Non-Tenured: 56

• Women on Faculty:

  • Tenured: 16
  • Non-Tenured: 33

• Minority Faculty:

  • Tenured: 24
  • Non-Tenured: 21

• International Faculty:

  • Tenured: 22
  • Non-Tenured: 30

• Faculty with PhDs:

  • Tenured: 81
  • Non-Tenured: 87

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Finance
    • Marketing
    • Nonprofit
    • VC/ Private Equity
    • Environmental
    • High Tech
    • Information Technology
    • Investment Banking
    • Manufacturing
    • Media & Entertainment
    • Human Resources

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • International Club
    • Partners/Family
    • Women in MBA
    • Volunteer
    • Gay/Lesbian/Bisexual
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 25 %
  • Distance Learning: 0 %
  • Experiential Learning: 15 %
  • Lectures: 20 %
  • Simulations: 25 %
  • Team Projects: 15 %

• Requirements for graduation:

  • • Students must complete a company-specific project and present results to relevant parties
    • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average
    • Other
  • Students must demonstrate proficiency in business writing, either through waiver exam or course.

TECHNOLOGY

• • Technology improvements in the last three academic years: Room availability signage; iTunes U site; 6-seat multimedia production lab; Enterprise-enabled Instant Message and desktop video conference; 802.11n wireless; Microsoft SharePoint
  • Amount spent: $7,075,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 27,300
  • Active MBA alumni clubs: 53
  • Countries in which MBA clubs exist: 27
  • Living MBA alumni who gave in past year: 12 %
  • Mean gift from MBA alumni: $974.00
  • Median gift from MBA alumni: $125.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $364,550,000.00
  • 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://alumni.umich.edu
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.bus.umich.edu/alumnicommunity
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 84 %
  • Graduates not seeking employment: 8 %
  • Graduates for whom you have no information regarding employment: 8 %

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

  • Destination: New York, NY
  • Month: October
  • Amount Paid By School: None
  • Destination: San Francisco, CA
  • Month: October
  • Amount Paid By School: None

• Primary source of job offer:

  • School-facilitated activities: 65 %
  • Graduate-facilitated activities: 34 %
  • No information provided by graduate: 1 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 83 %
  • Received first job offer in three months following graduation: 2 %
  • Received first job offer more than 3 months after graduation: 2 %
  • Did not report having received a job offer: 12 %
  • Accepted first job offer by graduation: 75 %
  • Accepted first job offer in three months following graduation: 6 %
  • Accepted first job offer more than 3 months after graduation: 3 %
  • Did not report having accepted a job offer: 16 %

• Top recruiting organizations most recent academic year:

  • Deloitte 20
  • McKinsey & Company 19
  • Amazon 17
  • The Boston Consulting Group 13
  • Accenture LTD. 12
  • Bain & Company 8
  • Citi 8
  • Cummins Inc. 8
  • Price Waterhouse Coopers 8
  • General Mills 7
  • J.P. Morgan Chase 7
  • The Procter & Gamble Company 7
  • A.T. Kearney Inc. 6
  • Barclays Capital 6
  • Intel Corp 6
• • Job-accepting graduates who received a signing bonus: 88 %

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $106,502.00
  • Median base salary: $103,000.00
  • Mean signing bonus: $24,186.00
  • Median signing bonus: $20,000.00
  • Mean other guaranteed compensation: $26,574.00
  • Median other guaranteed compensation: $20,000.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 37 %
  • Finance/Accounting: 22 %
  • General Management: 9 %
  • Human Resources: 1 %
  • Marketing/Sales: 22 %
  • Management Information Systems: 0 %
  • Operations/Logistics: 2 %
  • Other: 7 %

• Graduating students who accepted jobs in the following industries:

  • Government: 0 %
  • Consulting: 28 %
  • Consumer Products: 10 %
  • Financial Services: 10 %
  • Manufacturing: 7 %
  • Media/Entertainment: 0 %
  • Non-Profit: 0 %
  • Petroleum/Energy: 5 %
  • Pharmaceutical/Biotechnology/Health Care: 3 %
  • Real Estate: 1 %
  • Technology: 15 %
  • Other: 23 %

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

  • Africa: 0 %
  • Asia: 7 %
  • Europe: 0 %
  • North America: 89 %
  • Oceania: 1 %
  • Latin America and the Caribbean: 5 %

• Within the U.S., graduates who accepted full-time jobs in the following regions:

  • Northeast: 21 %
  • Mid-Atlantic: 5 %
  • South: 3 %
  • Southwest: 5 %
  • Midwest: 42 %
  • West: 24 %
  • Possessions and territories: 0 %

• Top recruiting organizations for internships, most recent academic year:

  • Deloitte 18
  • Amazon 16
  • The Boston Consulting Group 11
  • Citi 11
  • McKinsey & Company 10
  • Google 9
  • Cisco Systems Inc. 8
  • General Mills 8
  • A.T. Kearney 7
  • Accenture LTD. 7
  • Bain & Company 7
  • Barclays Capital 7
  • Dell 7
  • Microsoft Corp 7
  • Prince Waterhouse Coopers 7
• • Internships awarded that are paid: 98 %

• Weekly internship compensation:

  • Mean: $1,619.00
  • Median: $1,600.00
• • Average internship length in weeks: 12

• • -Ross is a great place to get an MBA. It's a very well-rounded program that gives you a broad view of leadership and management. The action-based method really does give you a chance to 'get your hands dirty' which I believe is the most applicable method of learning. Ann Arbor is a great town and you get a true college experience while getting your MBA at one of the country's top programs.
    
    -I was enrolled in a three-year dual degree program focused on sustainable enterprise, and I would 100 percent encourage friends with similar interests to enroll at Michigan. If I had a friend who was interested in, say, finance and really wanted to work on Wall Street, I would not recommend Michigan as strongly just because Ross is known for having strengths in leadership, operations, marketing and general management, and less of a strength in finance.
    
    -Michigan is neither a place that will present you all the resources on a platter, nor is it a name that can open doors for you by itself. While all the resources are here, it requires heavy self-initiative, which not all students have. But for those that like this, there's no lacking in what is available here. Michigan truly is for those who are action-based and like everything student-initiated.
    
    -The Multidisciplinary Action Project (MAP) during my first year at Ross provided an outstanding opportunity for me to grow prior to my summer internship. When I did my internship, I put my MAP experience to work and came away looking like a rock star compared to the other interns. MAP really is the differentiator Ross touts it to be. Also, teamwork is a major emphasis at Ross. Virtually every course I took required working in teams. This process helped refine my ability to assess people's strengths, manage conflict, and delegate tasks.
    
    -While I enjoyed many aspects of my experience at Ross, there were some things that I am concerned about; most importantly the quality of the career services division, and its efforts. Clearly, the office of career development could have done more to further the cause of students in this tough year (While many equally ranked and lower ranked schools did much better in terms of placements, the Ross numbers were not great).
    
    -Ross is good for operations, marketing, finance, and general management. Unlike other schools, there isn't one function that Ross specializes. I would highly recommend Ross to people who want to get a great education while meeting excellent people who care about more in life than just their career. At the same time, these are motivated and talented people who will excel in their careers.
    
    -Michigan was perfect for me. This is largely because I was part of a dual MBA/MS degree program through the University's Erb Institute for Global Sustainable Enterprise, which allowed me to gain expertise in both business and environmental science over three years. I believe it is the best program of its kind. Additionally, coming from a non-traditional background, the practical experience components like MAP were very helpful. Finally, I was able to be part of several VC and entrepreneurial activities, which again were key to my learning and unique to Michigan.
    
    -The school is outstanding. We have the opportunity to have a deep learning experience in all of the major fields of business education, with great professors. At the same time, the outgoing atmosphere of the school makes you relax most of the time and helps you to make great friends. I am impressed by the amount of soft skills that I got at the University of Michigan.
    
    -Michigan was an excellent choice for me because of its broad focus and strong strategy department. If someone were looking for similar attributes I would strongly recommend Ross to them. However, people with a more specific set of needs, or geographic restrictions should look at schools that might better fit their needs.
    
    -My MBA experience was spoiled due to bad economy and not being able to make the career shift I wanted. Besides, I had to take a pay cut post-MBA. I would not suggest MBA for a person with as much experience as I had (seven years post MS in Electrical Engineering).
    
    -Ross has vast resources and tends to avoid being pigeon-holed as the right school for a particular career path, with most major career paths well represented by the outgoing classes. Additionally, I loved the type of people that chose to come to Michigan both as students and professors/administrators. I found that they embodied Midwestern and Michigan values: open, honest, inquisitive, intellectual, and empathetic.
    
    -While I enjoyed many aspects of my experience at Ross, there were some things that I am concerned about - Most importantly the quality of the Career Services Division, and its efforts. Clearly, the office of career development could have done more to further the cause of students in this tough year.
    
    -I believe Ross provides the ultimate mix of academics and social and networking opportunities. While you will get a great education at any of the top schools, the network is what makes Ross stand out. You have access to not only the Ross network but also to the entire University of Michigan network. Plus, the cooperative and social atmosphere at Ross makes it much more likely that those network connections will actually come through for you in the future. Finally, Ann Arbor is a great place to spend your two years. Because of it's small size, you are forced to spend more time with your classmates, and therefore create much deeper bonds.
    
    -I doubt the incremental value that MBA will bring given the super-expensive tuition.