University of Michigan

PROGRAM BASICS

Full Time MBA

Stephen M. Ross School of Business

701 Tappan Street
Room E2540
Ann Arbor , Michigan 48109 United States  

Program Web site:

www.bus.umich.edu

  Status:

Public Institution

Program e-mail address:

rossmba@umich.edu

Graduate business school is accredited by:

AACSB International

SCHOOL BASICS

Graduate business school enrollment:

Total: 1,655
Full-Time MBA: 942
Part-time MBA: 588
Executive MBA: 125
PhD Program: 103

Undergraduate business school enrollment:

1,075

Graduate degree programs:

Master of Accounting

Other graduate degree programs:

Master of Supply Chain Management

PROGRAM COSTS

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

Resident : $  85,979
Nonresident : $  95,979
Recommended annual budget (Resident): $  63,053
Recommended annual budget (Nonresident): $  68,053

PROGRAM LENGTH

Full-time program (months):

20

ADMISSIONS

Application Deadlines

Semester: Fall
Deadline: 1
Semester: Fall
Deadline: 1
Semester: Fall
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?

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:

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:

2,697

Applicants who were accepted to the most recent class:

23  %

Admitted applicants who enrolled in the newest class:

79  %

Applicants who were re-applicants from prior years:

4  %

Percentage of this year's reapplicants accepted:

31  %

Applicants wait-listed during the last admissions cycle:

354

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

79

  Applicant interviews are:

By invitation only

Applicants (admitted and denied) who were interviewed:

55  %

Admitted applicants who were interviewed:

100  %

APPLICANT POOL

International applications received:

50  %

Applications from women received:

28  %

Mean base salary forgone:

$  71,000

Median base salary forgone:

$  65,000

CLASS PROFILE

Full-time students in newest entering class (2009-2010) that are:

Female: 33  %
International: 30  %
Married: 15  %

Students from following regions:

Africa : 1  %
Asia: 17  %
Eastern Europe and Central Asia: 1  %
Latin America and the Caribbean: 7  %
Middle East: 3  %
North America: 68  %
Oceania : 0  %
Western Europe: 2  %
Dual citizenship: 0  %

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

African American: 8  %
Asian American: 20  %
Hispanic or Latino American: 4  %
Multiethnic/Multiracial : 0  %
Native American: 1  %
White (Non-Hispanic): 60  %
Chose not to report: 7  %
Other: 0  %

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

Northeast: 5  %
Mid-Atlantic: 20  %
South: 5  %
Southwest: 3  %
Midwest : 51  %
West: 15  %
Possessions and territories: 0  %

Mean months of work experience of newest entering class:

62

Median months of work experience of newest entering class:

55

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

        From:  31
        To:  92

Median age of entering class:

28

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:

74  %

Full-time MBAs receiving financial aid in the current academic year:

74  %

Mean MBA financial aid package for the current academic year:

$  52,308

Median MBA financial aid package for the current academic year:

$  62,000

On what basis are scholarships awarded?

A combination of need and merit

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

57

  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:

$  25,595

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

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:

$  84,798

GMAT

  Are applicants required to take the GMAT?

Yes

GMAT scores:

Mean : 701
Median: 710

Middle 80% range GMAT scores:

        From:  640
        To:  760

CLASS OFFERINGS

Average number of students in a full-time MBA core class:

71

Average number of students in a full-time MBA elective class:

40

Elective courses available to full-time MBA students:

116

Electives that have been added to the full-time program since June 30, 2009:

Advanced Financial Accounting
Financial Statement Analysis
Forecasting and Valuation
Information Tech Strat in Supply Chain & Logistics
Social Venture Fund

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

2004

N/A

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?

No

The school believes that its leading areas of study for full-time MBA students are:

Consulting

Finance

General Management

Marketing

Strategy

FACULTY

Faculty employed by the B-school:

228

Full-time faculty:

Tenured: 68
Non-Tenured: 68

Adjunct/Visiting Faculty:

Tenured: 0
Non-Tenured: 73

Women on Faculty:

Tenured: 17
Non-Tenured: 41

Minority Faculty:

Tenured: 24
Non-Tenured: 29

International Faculty:

Tenured: 1
Non-Tenured: 15

Faculty with PhDs:

Tenured: 75
Non-Tenured: 96

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: 15  %
Lectures: 20  %
Simulations: 25  %
Team Projects: 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 courses.

TECHNOLOGY

Technology improvements in the last three academic years:

General Services - Mobile student information web portal (cell, PDA, etc.) - Video on-demand through iTunes U site - Podcasting enabled in all classrooms for faculty - Desktop videoconference for every student (Microsoft LiveMeeting) - Student team collaboration rooms using TeamSpot collaboration software (TideBreak) - Plasma monitors fitted into all group study rooms - 6-seat multimedia production and editing computer lab - Upgraded PCs in student labs (107) - Enterprise enabled Instant Message service (Microsoft Office Communication Service) New 247,000 sq ft building • Upgraded 802.11n Cisco wireless network with 802.1x secure authentication • 20 classrooms equipped with state-of-the-art audio/visual including MediaSite lecture capture, dual-image computer, dual video projectors, assisted listening, electronic document camera, video conference capability, lighting control, audio control and DVD • 24 group study rooms with plasma monitor, network connections and VGA/DVI video connection • Business Center with high-speed, multi-function (print, copy, scan and fax) printers • Information and directional plasma signage at all entrances • Room availability signage on each room (PolyVision)

Amount spent:

$  15,000,000

B-SCHOOL ALUMNI

Living MBA alumni:

26,143

Active MBA alumni clubs:

55

Countries in which MBA clubs exist:

24

Living MBA alumni who gave in past year:

17  %

Mean gift from MBA alumni:

$  1,977

Median gift from MBA alumni:

$  150

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

No

Business school endowment

$  316

  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

  Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 86  %
Graduates not seeking employment: 4  %
Graduates for whom you have no information regarding employment: 9  %

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

Destination: New York City, New York
Month: October
Amount Paid By School: Partial
Destination: San Francisco California
Month: October
Amount Paid By School: Partial
Destination: Dubai & India
Month: January
Amount Paid By School: None
Destination: Cincinnati, OH
Month: November
Amount Paid By School: None
Destination: Los Angles, CA
Month: January
Amount Paid By School: None

Primary source of job offer:

School-facilitated activities: 70  %
Graduate-facilitated activities: 29  %
No information provided by graduate: 1  %

Job Offers for 2009 graduates:

Received first job offer by graduation: 73  %
Received first job offer in three months following graduation: 5  %
Received first job offer more than 3 months after graduation: 0  %
Did not report having received a job offer: 22  %
Accepted first job offer by graduation: 66  %
Accepted first job offer in three months following graduation: 6  %
Accepted first job offer more than 3 months after graduation: 0  %
Did not report having accepted a job offer: 29  %

Top recruiting organizations most recent academic year:

Deloitte Consulting LLP   13
Amazon.com   10
McKinsey & Company   10
Microsoft Corp   10
Bain & Company Inc.   10
Dell Inc.   9
J.P. Morgan Chase   8
A.T. Kearney Inc.   8
The Boeing Company   7
Cisco Systems, Inc.   6
UBSAG   6
Booz & Company   6
Kraft Foods Inc.   5
The Boston Consulting Group   5
The Procter & Gamble Company   5

Job-accepting graduates who received a signing bonus:

91  %

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

Mean base salary: $  103,045
Median base salary: $  100,000
Mean signing bonus: $  25,159
Median signing bonus: $  20,000
Mean other guaranteed compensation: $  21,601
Median other guaranteed compensation: $  15,000

Graduating students who accepted jobs in the following functional areas:

Consulting: 29  %
Finance/Accounting: 26  %
General Management: 7  %
Human Resources: 0  %
Marketing/Sales: 24  %
Management Information Systems (MIS): 0  %
Operations/Logistics: 5  %
Other: 10  %

Graduating students who accepted jobs in the following industries:

Government: 0  %
Consulting: 25  %
Consumer Products: 11  %
Financial Services: 5  %
Manufacturing: 8  %
Media/Entertainment: 0  %
Non-Profit: 0  %
Petroleum/Energy: 2  %
Pharmaceutical/Biotechnology/Health Care: 7  %
Real Estate: 0  %
Technology: 17  %
Other: 25  %

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

Africa: 0  %
Asia: 3  %
Eastern and Central Europe and Central Asia: 0  %
Latin America and the Caribbean: 4  %
Middle East: 0  %
North America: 91  %
Oceana: 1  %
Western Europe: 2  %

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

Northeast: 21  %
Mid-Atlantic: 4  %
South: 4  %
Southwest: 5  %
Midwest: 42  %
West: 21  %
Possessions and territories: 0  %
Canada: 0  %

Top recruiting organizations for internships, most recent academic year:

Amazon.com   15
American Express Company   11
McKinsey & Company   9
Dell Inc.   7
Eli Lilly & Company   7
A. T. Kearney Inc.   6
Kraft Foods Inc   6
The Boston Consulting Group   6
Citi   5
Cisco Systems Inc.   5
The Procter & Gamble Company   5
General Electric   5
J.P. Morgan Chase 7 Company   4
Cambell Soup Company   4
Johnson & Johnson   4

Internships awarded that are paid:

93  %

Weekly internship compensation:

        Mean: $ 1,376
        Median: $ 1,403

Average internship length in weeks:

11

SCHOOL COMMENTS

School Comments:

N/A