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

Michigan State University

Broad Graduate School of Management

Getting In

PROGRAM BASICS

Full-Time MBA

The Eli Broad Graduate School of Management

502 North Business Complex
Michigan State University
East Lansing , Michigan 48824

Program Web site:

http://www.mba.msu.edu

Status:

Public Institution

Program e-mail address:

mba@msu.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

Full-time MBA: 1960
Part-time MBA : 1995
Undergraduate business program: 1944
Executive MBA: 1964
Executive Education (non-degree): 1964
PhD program: 1951

PROGRAM COSTS

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

Resident : $ 40,937
Nonresident : $ 58,365
Recommended annual budget (Resident): $ 38,800
Recommended annual budget (Nonresident): $ 47,514

PROGRAM LENGTH

Full-time program (months):

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 739
Full-time MBA: 214
Part-time MBA: 200
Executive MBA: 69

PhD program: 67
MS: 33
MSA: 156

Undergraduate business school enrollment

5,139

Graduate degree programs:

Master of Accounting

Other graduate degree programs:

Master's in Supply Chain Management

ADMISSIONS

Application Deadlines

11-03-2008 01-13-2009 03-03-2009 05-11-2009

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:

Very Important

Resume/Work Experience:

Very Important

Application Essays:

Important

Interviews:

Important

Recommendations:

Considered

Undergraduate Transcripts:

Important

APPLICANTS

Applications (admitted and denied) to the newest class:

683

Applicants who were accepted to the most recent class:

27 %

Admitted applicants who enrolled in the newest class:

59 %

Applicants who were re-applicants from prior years:

2 %

Percentage of this year's reapplicants accepted:

69 %

Applicants wait-listed during the last admissions cycle:

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:

79 %

Applications from women received:

27 %

Mean base salary forgone:

$ 40,465

Median base salary forgone:

$ 39,000

CLASS PROFILE

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

Female: 22 %
International: 30 %
Married: 22 %

Ethnicity/US Students in Program

African American: 9 %
Asian American: 22 %
Hispanic or Latino American: 4 %
Multiethnic/Multiracial : 0 %
Native American: 0 %
White (Non-Hispanic): 62 %
Chose not to report: 3 %
Other: 0 %

Students from following regions:

Africa : 1 %
Asia: 33 %
Eastern Europe and Central Asia: 1 %
Latin America and the Caribbean: 4 %
Middle East: 0 %
North America: 59 %
Oceania : 0 %
Western Europe: 2 %
Percentage of students with dual citizenship: 0 %

Entering North American citizens by region:

Northeast: 5 %
Mid-Atlantic: 3 %
South: 5 %
Southwest: 1 %
Midwest : 74 %
West: 12 %
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: 16
To: 86

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 %

Full-time MBAs receiving financial aid through school:

100 %

Mean MBA financial aid package for the current academic year:

$ 21,319

Median MBA financial aid package for the current academic year:

$ 22,610

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:

$ 7,895

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?

Only to domestic students

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

$ 35,105

GMAT

Applicants required to take the GMAT?

Yes

Mean : 642
Median: 640

Middle 80% range GMAT scores:

From: 560
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:

Entrepreneurship: New Venture Strategy
Brand Decisions
Pricing Profitability and Marketing Metrics

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

2003

Concentrations and specializations offered to full-time MBA students:

Accounting

Finance

General Management

Hotel Administration

Human Resource Management

International Business

Leadership

Management Information Systems

Marketing

Strategy

Supply Chain Management

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?

FACULTY

Faculty employed by the B-school:

130

Full-time faculty

Tenured: 74
Non-Tenured: 46

Adjunct/Visiting Faculty

Tenured: 0
Non-Tenured: 10

Women on Faculty

Tenured: 15
Non-Tenured: 20

Minority Faculty

Tenured: 13
Non-Tenured: 8

International Faculty

Tenured: 8
Non-Tenured: 14

Faculty with PhDs

Tenured: 72
Non-Tenured: 39

Faculty who are also members of company boards of directors or advisors:

8 %

Faculty who have owned their own business:

23 %

STUDENT LIFE

Professional clubs available to full-time MBA students:

Consulting

Corporate Social Responsibility/NetImpact

Finance

Human Resources

Marketing

Other

Networking clubs available to full-time MBA students:

Partners/Family

Women in MBA

Other

TEACHING/ACADEMICS

Teaching methods used

Case study: 30 %
Distance Learning: 2 %
Experiential Learning: 8 %
Lecture: 37 %
Simulations: 8 %
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

Other

Additional graduation requirements:

must complete one course in international business

TECHNOLOGY

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

Yes

Technology improvements in the last three academic years:

Creation of a 56-person instructional microlab; full wireless access implemented throughout entire business complex and all remote sites; state-of-the-art email system installed for faculty, staff and graduate students; high-speed fiber installed at off-site facilities; equipment provided for new business communication center; mass storage system implemented; firewalls upgraded; portable videoconferencing systems installed; Web casting/media streaming capabilities introduced.

Amount spent:

$ 1,340,000

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

10,226

Active MBA alumni clubs

Countries in which MBA clubs exist

Living MBA alumni who gave in past year:

8 %

Mean gift from MBA alumni:

$ 1,403

Median gift from MBA alumni

$ 300

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

Business School Endowment

$ 82,014,570

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.msualum.com

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

http://www.broadalumni.org

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: 12 %
Graduates for whom you have no information regarding employment: 0 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 4.4 %
Percentage who were continuing their education (after graduation): 2.2 %
Percentage who were postponing their job search: 1.1 %
Percentage who were starting their own business(es) : 1.1 %
Percentage who were not seeking employment for other reasons: 3.2 %

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

Destination: National Hispanic MBA Conference
Month: October
Amount Paid By School: Partial
Destination: National Black MBA Conference
Month: September
Amount Paid By School: Partial
Destination: Chicago Marketing Trek
Month: March
Amount Paid By School: Partial
Destination: Chicago Finance Trek
Month: March
Amount Paid By School: Partial
Destination: Ohio Supply Chain Trek
Month: Febuary
Amount Paid By School: Partial

Primary Source of Job Offer

School-facilitated activities: 81 %
Graduate-facilitated activities: 19 %
No information provided by graduate: 0 %

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

Job Offers for 2008 graduates:

Received first job offer by graduation: 86 %
Received first job offer in three months following graduation: 7 %
Received first job offer more than 3 months after graduation: 0 %
Did not report having received a job offer: 7 %

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

	Dell		7
	Microsoft		4
	Johnson & Johnson		4
	Whirlpool		3
	Sears Holdings		3
	Intel		3
	Apple		2
	Cisco		2
	Chevron Corp.		2
	Dow Chemical		2
	Procter & Gamble		1
	Bank of America Corp.		1

	GMAC		3
	IBM		2
	Cummins		2

Job-accepting graduates who received a signing bonus:

88 %

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

Mean base salary for most recent graduates: $ 90,951
Median base salary for most recent graduates: $ 92,000
Mean signing bonus for most recent graduates: $ 14,971
Median signing bonus for most recent graduates: $ 15,000
Mean other guaranteed compensation for most recent graduates: $ 10,753
Median other guaranteed compensation for most recent graduates: $ 8,282

Graduating students who accepted jobs in the following functional areas:

Consulting: 8 %
Finance/Accounting: 24 %
General Management: 4 %
Human Resources: 11 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 16 %
Management Information Systems (MIS): 0 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 37 %
Other: 0 %

Graduating students who accepted jobs in the following industries:

Government (Federal, State, Local, Military): 0 %
Consulting: 5 %
Consumer Products: 8 %
Financial Services: 11 %
Manufacturing: 24 %
Media/Entertainment: 0 %
Non-Profit: 0 %
Petroleum/Energy: 5 %
Pharmaceutical/Biotechnology/Health care Products: 11 %
Real Estate: 0 %
Technology: 26 %
Other: 10 %

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

Latin America and the Caribbean: 1 %
North America: 99 %

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

Northeast: 11 %
Mid-Atlantic: 3 %
South: 6 %
Southwest: 13 %
Midwest: 50 %
West: 17 %
Possessions and territories: 0 %
Canada: 0 %

Top Companies - Internships:

	Johnson & Johnson		6
	Motorola		5
	Whirlpool		4
	General Motors		4
	Chevron Corp.		4
	Intel		3
	Ford Motor		3
	Dow Chemical		3
	Dell		3
	Procter & Gamble		2

	Cummins		5
	GMAC		3
	DTE Energy		3
	Sun Microsystems		2
	Steelcase Inc		2

Internships awarded that are paid:

100 %

Mean and median intern compensation per week:

Mean : 5,679
Median: 5,828

Average internship length in weeks:

SCHOOL COMMENTS

School Comments:

Other professional clubs: Graduate Supply Chain Management Association Other networking clubs: MBA Association Multicultural MBA Association

Graduate Comments

It is hard to beat the return on investment for my program. -- Consulting

The education to cost ratio is incredibly good. Beyond this, there are a large number of companies recruiting at Michigan State. A student can find great positions in just about any geographical location they want in any field or industry they choose. -- Human Resources

I believe that going to the Broad School of Business at Michigan State University is an extreme value. In terms of average salary upon graduation, it's on par with top-20 schools and for significantly cheaper. In addition, you get a small class feel, with an average class being around 100 students, but all of the resources of a huge Big Ten University with 50,000 students. -- Marketing

Teamwork is extremely important at this school with a team encompassing at least two international students as well as domestic students from diverse backgrounds to total teams of five people. These teams were permanent in all of our core classes for the first year. -- Marketing

Class size in my program is around 100 students (divided into 3 cohorts). It is a perfect size in my opinion: not too small to facilitate networking while not too big to sacrifice class quality. -- Finance

I like the team-based focus of the program and its smaller size. Both of these items allow for more personalized interaction with faculty for better networking and better learning experience. -- Finance

Michigan State's full-time MBA program not only offers solid academics, but skills well beyond the books. I learned how to work with and manage people through lots of teamwork and development courses. The small size of the program (100 students in my class) allows you to know everyone well and facilitates an ideal learning environment. -- Consulting

I only chose to apply to Michigan State because of the interactions I had with friends who were alumni and had raved about the program. The rankings showed MSU as one of the best values and lowest repayments. Additionally, it was in-state tuition. The ultimate selling point for me was the career placement office, which boasts close to 100% placement. I had no problem finding a job and also found that employers were happy to talk with me and come to campus on a regular basis. The full-time MBA at Michigan State was worth every penny. -- Consulting

Our program is a combination of good education, reasonable tuition and good payback. -- Operations

I felt the program taught me the hands-on aspects on working in a business setting and would recommend it to anyone looking for a hands-on program -- Marketing

Every program has its positive and negative attributes, but overall I would say that the program I attended is a great value. -- Marketing

While my job search was limited geographically to Michigan due to family reasons, there were plenty of opportunities for graduates in a wide range of companies, functions, and locations. I had an outstanding experience in and out of the classroom. -- Operations

The focus on soft skills and reputation in the business world is much more than I expected. -- Finance

I got everything I could have asked for out of an MBA program: Multiple job offers, a productive group working environment, personable professors and a solid group of new colleagues/friends. The program does have its drawbacks, but the overall experience is more than worth it. -- Finance

The Broad MBA program has an outstanding teamwork and leadership development process. I believe it would help the MBA graduates to have an significant impact in the society. -- Finance

The cost of the MBA was very low in comparison to other top MBAs. The placement and career center brought many companies to recruit at MSU, so even as an international student, you can get many offers. Finally, if your career is in the field of Supply Chain/Logistics this is the school to come. In this last point, the reasons are the level of faculty in this field, the quality of the classes, and the reputation and corporation that come to MSU to hire supply chain employees. -- Operations

Getting my MBA at MSU has been life-changing. I have met so many wonderful people including other students, staff and faculty that I want to keep in touch with throughout my career and more importantly on a personal level. I have also learned a tremendous amount and have grown academically and professionally in ways I didn't realize were possible. I think that anyone interested in business would benefit from the experience. -- Marketing