Michigan State University

Program Basics

• • Full-time MBA
  • Broad Graduate School of Management
  • 215 Eppley Ctr.
  • MI
  • East Lansing, 48824, Michigan
  • United States of America
  • Program Web site: http://mba.broad.msu.edu/
  • Status: Public
  • Program e-mail address: mba@msu.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 812
  • Full-Time MBA: 176
  • Executive MBA: 322
  • PhD Program: 71
• • Other graduate degree programs:
    • Master of Accounting
    • Other
  • MS in Supply Chain Management; MS in Marketing Research

PROGRAM COSTS

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

  • Resident: $49,870.00
  • Nonresident: $79,070.00
  • Recommended annual budget (Resident): $42,965.00
  • Recommended annual budget (Nonresident): $57,565.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Nov 1, 2011
  • Semester: Fall 2012
  • Deadline: Jan 9, 2012
  • Semester: Fall 2012
  • Deadline: Mar 1, 2012
  • Semester: Fall 2012
  • Deadline: Apr 16, 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

• 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: 508
  • Applicants who were accepted to the most recent class: 36 %
  • Admitted applicants who enrolled in the newest class: 50 %
  • Applicants who were re-applicants from prior years: 4 %
  • Percentage of this year's reapplicants accepted: 45 %
  • Applicants wait-listed during the last admissions cycle: 58
  • Wait-listed applicants admitted for the semester to which they applied: 26
  • Applicant interviews are: Required
  • Applicants (admitted and denied) who were interviewed: 58 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 71 %
  • Applications from women received: 28 %
  • Mean base salary forgone: $31,922.00
  • Median base salary forgone: $30,000.00

CLASS PROFILE

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

  • Female: 20 %
  • International: 34 %
  • Married: 18 %

• Students from following regions:

  • Africa: 0 %
  • Asia: 28 %
  • Europe: 2 %
  • North America: 67 %
  • Latin America and the Caribbean: 3 %
  • Oceania: 0 %
  • Dual citizenship: 0 %

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

  • African American: 7 %
  • Asian American: 13 %
  • Hispanic or Latino American: 0 %
  • Multiethnic/Multiracial: 0 %
  • Native American: 0 %
  • White (Non-Hispanic): 80 %
  • Chose not to report: 0 %
  • Other: 0 %

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

  • Northeast: 12 %
  • Mid-Atlantic: 7 %
  • South: 8 %
  • Southwest: 5 %
  • Midwest: 57 %
  • West: 11 %
• • Mean months of work experience of newest entering class: 49
  • Median months of work experience of newest entering class: 48

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

  • From: 12
  • To: 87
• • Median age of entering class: 27
  • Mean age of entering class: 28

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Central financial aid office at the university
  • Full-time MBAs who applied for financial aid for the current academic year: 100 %
  • Full-time MBAs receiving financial aid in the current academic year: 100 %
  • Mean MBA financial aid package for the current academic year: $27,575.00
  • Median MBA financial aid package for the current academic year: $28,500.00
  • On what basis are scholarships awarded?
    • some other criteria
    • academic merit
  • 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: $9,218.00
  • 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: $55,107.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? No

• GMAT score distribution (applicant pool):

  • 25th Percentile 600
  • 10th Percentile 540
  • 50th Percentile (median) 650
  • 75th Percentile 690
  • 90th Percentile 710
  • Average GMAT Score 635

• GMAT score distribution (incoming class):

  • 75th Percentile 700
  • 25th Percentile 590
  • 50th Percentile (median) 630
  • 90th Percentile 719
  • Average GMAT Score 638
  • 10th Percentile 561

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 41
  • Average number of students in a full-time MBA elective class: 23
  • Elective courses available to full-time MBA students: 58

• Concentrations and specializations offered to full-time MBA students:

  • • Consulting
    • Finance
    • Hotel Administration
    • Management Information Systems
    • Marketing
    • Supply Chain Management
    • Accounting
    • Human Resource Management
    • Leadership
    • Strategy
    • International Business

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

  • • MBA/JD (Law)
    • MBA/MIM (International Management)
• • 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
    • Marketing
    • Supply Chain Management
    • Strategy
    • Human Resource Management

FACULTY

• • Faculty employed by the B-school: 118

• Full-time faculty:

  • Tenured: 68
  • Non-Tenured: 47

• Adjunct/Visiting Faculty:

  • Tenured: 1
  • Non-Tenured: 2

• Women on Faculty:

  • Tenured: 17
  • Non-Tenured: 17

• Minority Faculty:

  • Tenured: 12
  • Non-Tenured: 8

• International Faculty:

  • Tenured: 10
  • Non-Tenured: 15

• Faculty with PhDs:

  • Tenured: 69
  • Non-Tenured: 43

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Corporate Social Responsibility/NetImpact
    • Consulting
    • Other
    • Finance
    • Marketing
    • Human Resources

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Partners/Family
    • Women in MBA
    • Other

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 30 %
  • Distance Learning: 2 %
  • Experiential Learning: 8 %
  • Lectures: 37 %
  • Simulations: 8 %
  • 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
    • Other
  • must complete one course in international business

TECHNOLOGY

• • Technology improvements in the last three academic years: Wi-Fi upgraded; high-speed fiber at off-site facilities; firewalls/network upgraded; portable videoconferencing installed; upgraded Financial Analysis Lab; HD videoconferencing, webcasting, media streaming, & podcasting integrated at off-site facilities; classroom tech carts upgraded, implemented new Team Effectiveness Teaching lab; increased research data storage; Email system redundancy added; MS Office 2010; added 5 interactive touch displays throughout facility; college website CMS.
  • Amount spent: $1,206,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 10,904
  • Active MBA alumni clubs: 20
  • Countries in which MBA clubs exist: 6
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $84,327,728.00
  • 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://www.linkedin.com
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.linkedin.com
  • Does the B-SCHOOL offer career services for alumni? No
  • Do current MBA students have access to an alumni database? No

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 86 %
  • Graduates not seeking employment: 14 %
  • Graduates for whom you have no information regarding employment: 0 %

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

  • Destination: National Hispanic MBA Career Fair
  • Month: October
  • Amount Paid By School: None
  • Destination: National Black MBA Career Fair
  • Month: October
  • Amount Paid By School: None
  • Destination: Company Visits by function with students
  • Month: year round
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 59 %
  • Graduate-facilitated activities: 38 %
  • No information provided by graduate: 3 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 78 %
  • Received first job offer in three months following graduation: 9 %
  • Did not report having received a job offer: 13 %
  • Accepted first job offer by graduation: 71 %
  • Accepted first job offer in three months following graduation: 13 %
  • Did not report having accepted a job offer: 16 %

• Top recruiting organizations most recent academic year:

  • Cummins Inc 4
  • Intel Corporation 3
  • General Motors 3
  • Deloitte Consulting 3
  • Sears Holdings Corporation 3
  • Johnson & Johnson 2
  • Chevron 2
  • IBM Corporation 2
  • Procter & Gamble 2
  • Apple Computer 2
  • Amway 2
  • Dana Corporation 2
  • Zimmer 1
  • American Express 1
  • Nike 1
• • Job-accepting graduates who received a signing bonus: 64 %

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

  • Mean base salary: $85,798.00
  • Median base salary: $87,500.00
  • Mean signing bonus: $12,168.00
  • Median signing bonus: $10,000.00
  • Mean other guaranteed compensation: $14,454.00
  • Median other guaranteed compensation: $11,000.00

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

  • Consulting: 4 %
  • Finance/Accounting: 29 %
  • General Management: 0 %
  • Human Resources: 10 %
  • Marketing/Sales: 18 %
  • Management Information Systems: 0 %
  • Operations/Logistics: 39 %
  • Other: 0 %

• Graduating students who accepted jobs in the following industries:

  • Government: 1 %
  • Consulting: 7 %
  • Consumer Products: 9 %
  • Financial Services: 3 %
  • Manufacturing: 40 %
  • Media/Entertainment: 1 %
  • Non-Profit: 0 %
  • Petroleum/Energy: 4 %
  • Pharmaceutical/Biotechnology/Health Care: 11 %
  • Real Estate: 0 %
  • Technology: 21 %
  • Other: 3 %

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

  • Africa: 0 %
  • Asia: 3 %
  • Europe: 0 %
  • North America: 96 %
  • Latin America and the Caribbean: 1 %

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

  • Northeast: 13 %
  • Mid-Atlantic: 6 %
  • South: 6 %
  • Southwest: 5 %
  • Midwest: 51 %
  • West: 19 %
  • Possessions and territories: 0 %

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

  • Sears Holdings Corporation 8
  • Intel Corporation 7
  • GENERAL MOTORS 6
  • Ford Motor Company 3
  • Dell, Inc 3
  • Cummins, Inc 3
  • The Procter & Gamble Co 3
  • Pepsi Co 2
  • Amway 2
  • Mead Johnson Nutritionals 2
  • Chevron 2
  • American Express Company 2
  • The Walt Disney Company 1
  • Nike, Inc 2
  • Bank of America 1
• • Internships awarded that are paid: 100 %

• Weekly internship compensation:

  • Mean: $5,669.00
  • Median: $5,900.00
• • Average internship length in weeks: 13

SCHOOL COMMENTS

• • School Comments: 98) other: Supply Chain Management; 99) other: MBA Association

• • -Eli Broad is like a home away from home. The curriculum, faculty, and students all strive for excellence. It was truly an amazing experience, and I would encourage anyone to come to The Eli Broad School of Management.
    
    -There are many reasons why I would recommend a Broad MBA. I liked the small class sizes and team focused curriculum. The small class size was attractive because of the individualized focus the career services staff gave to the student body.
    
    -Broad school is a great place for doing MBA under a collaborative atmosphere. You have great companies coming to campus and also we learned the skills needed to survived in this tough corporate world.
    
    -Broad has an excellent career services, which had greatly polished me as an individual. The school has an immense focus towards leadership and teamwork. The leaderships lab and the supply chain IBM lab immensely improved my leadership and teamwork skills. I also had the opportunity to take part in real world consulting projects, which again helped me immensely.
    
    -The quality of education, the opportunities and the contacts I have made are worth a lot more than what I paid for my education. The friends I have made are priceless. Also I was not expecting as many interview opportunities I got due to my age. When I started I was 39. I would definitely recommend friends to enroll in the Eli Broad Graduate School of Business.
    
    -I would highly recommend the Eli Broad Graduate School of Management to anyone seeking an MBA. The main reasons are the close-knit family atmosphere, ability to get highly involved, ability to work on projects with Fortune 500 and start up companies, the high level of access to university faculty and community leaders, and the great alumni network.
    
    -Because teamwork, collaboration, and communication is increasingly important in the global business environment, an MBA program that matches those needs is highly valuable. The MBA program at MSU builds strong team members and leaders with clear communication strategies that can handle the complexity of the international businesses of the world. The sense of community and friendship is extraordinarily strong. Who wants to spend two years in the company of adversaries? Finally, return on investment is outstanding. Because the Broad MBA program has all of these elements I would gladly recommend it to friends and colleagues.
    
    -The biggest disadvantage of the school is it location. However, the program is small and thus extremely close-knit. Career service is very helpful.
    
    -I believe that the balance between lecture and practical application was perfect for my MBA experience at MSU. The balance was again right in tune with my desires when considering levels of community and competition. I was able to leverage the knowledge and experience of my colleagues while enjoying their companionship as well. I could not be happier with my decision to pursue my MBA at MSU and it paid off with the job I wanted where I wanted.
    
    -My MBA experience was different from what I expected going in. I have good standardized test scores and have skipped grades in secondary school. So the education part was easier than I expected. However, the work needed to gain a job, fix my resume and cover letter, properly interview was more difficult than I expected. All in all, the Eli Broad School at Michigan State University helped me improve in those areas where I needed the most help and got me to the next level of my career.
    
    -I believe that the close-knit, family-like atmosphere at Michigan State promotes a sense of community that any prospective student would be hard pressed to find at another institution. This sense of community creates a network of alumni that are ready and willing to give back to the program and its current students. The MBA program at Michigan State also allows students to take what they learn in class and apply it to real world situations via classes that are focused on consulting engagements and via extracurricular activities. Mixing the theoretical with the practical provides students with a more holistic learning experience and better prepares them to face challenges in their internships and full-time careers.