Program Basics

• • Carlson Full-Time MBA Program
  • Carlson School of Management
  • 321 19th Avenue South
  • Suite 1-110
  • Minneapolis, 55455, Minnesota
  • United States
  • Program Web site: http://www.carlsonschool.umn.edu/mba/full-time/index.html
  • Status: Public
  • Program e-mail address: ftmba@umn.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 2,373
  • Full-Time MBA: 172
  • Part-Time MBA: 1,459
  • Executive MBA: 90
  • PhD Program: 90
• • Other graduate degree programs:
    • Master of Accounting
    • Other
    • Master of Human Resources
  • Master of Business Taxation (MBT)

PROGRAM COSTS

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

  • Resident: $67,608.00
  • Nonresident: $89,332.00
  • Recommended annual budget (Resident): $52,000.00
  • Recommended annual budget (Nonresident): $64,800.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Dec 1, 2011
  • Semester: Fall 2012
  • Deadline: Feb 1, 2012
  • Semester: Fall 2012
  • Deadline: Apr 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
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: 580

• Relative Importance of Application Elements:

  • GMAT Score: Very Important
  • Resume/Work Experience: Very Important
  • Application Essays: Important
  • Interviews: Very Important
  • Recommendations: Considered
  • Undergraduate Transcripts: Very Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 538
  • Applicants who were accepted to the most recent class: 41 %
  • Admitted applicants who enrolled in the newest class: 45 %
  • Applicants who were re-applicants from prior years: 3 %
  • Percentage of this year's reapplicants accepted: 57 %
  • Applicants wait-listed during the last admissions cycle: 34
  • Wait-listed applicants admitted for the semester to which they applied: 23
  • Applicant interviews are: By invitation only
  • Applicants (admitted and denied) who were interviewed: 55 %
  • Admitted applicants who were interviewed: 96 %

APPLICANT POOL

• • International applications received: 60 %
  • Applications from women received: 28 %
  • Mean base salary forgone: $49,128.00
  • Median base salary forgone: $44,340.00

CLASS PROFILE

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

  • Female: 31 %
  • International: 24 %

• Students from following regions:

  • Africa: 3 %
  • Asia: 18 %
  • Europe: 2 %
  • North America: 76 %
  • Latin America and the Caribbean: 1 %
  • Oceania: 0 %
  • Dual citizenship: 0 %

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

  • African American: 3 %
  • Asian American: 7 %
  • Hispanic or Latino American: 0 %
  • Multiethnic/Multiracial: 0 %
  • Native American: 0 %
  • White (Non-Hispanic): 81 %
  • Chose not to report: 9 %
  • Other: 0 %

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

  • Northeast: 1 %
  • Mid-Atlantic: 1 %
  • South: 1 %
  • Southwest: 6 %
  • Midwest: 83 %
  • West: 8 %
  • Possessions and territories: 0 %
• • Mean months of work experience of newest entering class: 52
  • Median months of work experience of newest entering class: 43

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

  • From: 18
  • To: 96
• • 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 receiving financial aid in the current academic year: 67 %
  • Mean MBA financial aid package for the current academic year: $42,207.00
  • Median MBA financial aid package for the current academic year: $47,388.00
  • On what basis are scholarships awarded?
    • academic merit
  • How does an applicant apply for scholarship consideration? all candidates are considered for scholarship
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $18,702.00
  • 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: $60,473.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? Yes

• GMAT score distribution (applicant pool):

  • 10th Percentile 560
  • 25th Percentile 640
  • 50th Percentile (median) 670
  • 75th Percentile 700
  • 90th Percentile 730
  • Average GMAT Score 655

• GMAT score distribution (incoming class):

  • 10th Percentile 640
  • 90th Percentile 740
  • 25th Percentile 650
  • 75th Percentile 720
  • 50th Percentile (median) 690
  • Average GMAT Score 686

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 50
  • Average number of students in a full-time MBA elective class: 33
  • Elective courses available to full-time MBA students: 70

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

  • • Finance
    • Management Information Systems
    • General Management
    • Marketing
    • Supply Chain Management

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

  • • MBA/JD (Law)
    • MBA/MD (Medicine)
    • 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:

  • • Finance
    • Marketing
    • Supply Chain Management
    • Consulting
    • Strategy

FACULTY

• • Faculty employed by the B-school: 163

• Full-time faculty:

  • Tenured: 73
  • Non-Tenured: 63

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 27

• Women on Faculty:

  • Tenured: 19
  • Non-Tenured: 19

• Minority Faculty:

  • Tenured: 17
  • Non-Tenured: 21

• International Faculty:

  • Tenured: 9
  • Non-Tenured: 23

• Faculty with PhDs:

  • Tenured: 73
  • Non-Tenured: 108

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Business Law
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Finance
    • Marketing
    • Nonprofit
    • Information Technology
    • Human Resources

• Networking clubs available to full-time MBA students:

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

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 30 %
  • Distance Learning: 0 %
  • Experiential Learning: 20 %
  • Lectures: 30 %
  • Simulations: 10 %
  • Team Projects: 10 %
  • Other: 0 %

• Requirements for graduation:

  • • Students are required to complete international experience
    • Students must have earned a pre-determined GPA/Letter grade average
    • Other
  • Students must have completed a minimum number of credits, students must participate on a Carlson School Enterprise (experiential learning program), where they work alongside professionals at client organizations on high-profile business projects.

TECHNOLOGY

• • Technology improvements in the last three academic years: All classroom technology, student lab computers and printers have been upgraded. Laptop program service provides hardware & software support and repairs. Many student breakout rooms have plasma screens. Web based applications support including: program and scholarship applications, alumni directory and career services. Increased storage, research computing platform and databases. Added remote & automated webcast capabilities. Upgraded distance learning facilities and expanded wireless network.
  • Amount spent: $3,300,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 16,082
  • Active MBA alumni clubs: 12
  • Countries in which MBA clubs exist: 3
  • Living MBA alumni who gave in past year: 5 %
  • Mean gift from MBA alumni: $301.00
  • Median gift from MBA alumni: $100.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $137,500,000.00
  • Does the main university offer career placement services for alumni? No
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://www.minnesotaalumni.org
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.carlsonschool.umn.edu/alumni/connect.html
  • 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: 72 %
  • Graduates not seeking employment: 23 %
  • Graduates for whom you have no information regarding employment: 5 %

• Primary source of job offer:

  • School-facilitated activities: 62 %
  • Graduate-facilitated activities: 21 %
  • No information provided by graduate: 16 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 72 %
  • Received first job offer in three months following graduation: 25 %
  • Received first job offer more than 3 months after graduation: 0 %
  • Did not report having received a job offer: 3 %
  • Accepted first job offer by graduation: 63 %
  • Accepted first job offer in three months following graduation: 25 %
  • Accepted first job offer more than 3 months after graduation: 1 %
  • Did not report having accepted a job offer: 10 %

• Top recruiting organizations most recent academic year:

  • General Mills, Inc 9
  • 3M Company 5
  • Medtronic, Inc 5
  • Best Buy 3
  • Capital One 2
  • Cummins 2
  • Delta Airlines 2
  • Ecolab 2
  • Land O'Lakes 2
  • Target Corporation 2
  • Thrivent Financial 2
• • Job-accepting graduates who received a signing bonus: 47 %

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

  • Mean base salary: $95,683.00
  • Median base salary: $95,507.00
  • Mean signing bonus: $19,989.00
  • Median signing bonus: $20,000.00
  • Mean other guaranteed compensation: $16,250.00
  • Median other guaranteed compensation: $16,650.00

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

  • Consulting: 18 %
  • Finance/Accounting: 23 %
  • General Management: 3 %
  • Human Resources: 0 %
  • Marketing/Sales: 45 %
  • Management Information Systems: 0 %
  • Operations/Logistics: 2 %
  • Other: 8 %

• Graduating students who accepted jobs in the following industries:

  • Government: 0 %
  • Consulting: 10 %
  • Consumer Products: 28 %
  • Financial Services: 15 %
  • Manufacturing: 10 %
  • Media/Entertainment: 0 %
  • Non-Profit: 0 %
  • Petroleum/Energy: 2 %
  • Pharmaceutical/Biotechnology/Health Care: 15 %
  • Real Estate: 0 %
  • Technology: 3 %
  • Other: 17 %

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

  • Africa: 0 %
  • Asia: 5 %
  • Europe: 0 %
  • North America: 95 %
  • Oceania: 0 %
  • Latin America and the Caribbean: 0 %

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

  • Northeast: 2 %
  • Mid-Atlantic: 4 %
  • South: 4 %
  • Southwest: 2 %
  • Midwest: 86 %
  • West: 4 %
  • Possessions and territories: 0 %

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

  • General Mills 5
  • Cummins 4
  • Deloitte Consulting 4
  • Best Buy 3
  • 3M Company 2
  • Ecolab 2
  • Land O'Lakes 2
  • Target Corporation 2
  • Medtronic 2
  • University of Minnesota 2

• • -The faculty members and their case-based teaching method exceeded my expectations the most. I have talked to friends who went to other schools and have taken similar courses. The feeling I got from them was that the quality of faculty makes a lot of difference in the quality of the program.
    
    -[The program] gave me the tools necessary to land a high paying job in corporate finance.
    
    -My experience opened the door to move into a field (marketing) about which I'm passionate. I would not have been able to make this move or gain the close connections that helped me get my interview and job without the Carlson MBA.
    
    -I felt that the combination of classroom and experiential learning was invaluable and unique to Carlson. The practical application of knowledge learned in the classroom has definitely helped me to gain a deeper understanding of the lessons from class and also increased my retention of the material.
    
    -The Carlson School of Management offers a very challenging and collaborative learning environment that makes for a great experience. I would definitely encourage any student considering an MBA program to consider Carlson.
    
    -Carlson is, by no means, a school that cares about placement or development of international students
    
    -The MBA program offers top professors who have done great research as well as consulting for top companies in the United States. These professors share their experience during classes, which makes the courses very interesting. The program also offers consulting experience through the enterprises. Students have a chance to consult for companies such as 3M, Best Buy, General Mills, and others. It's real consulting work and allows students to work while studying at the same time. This way, students are more prepared once they are back in the work force.
    
    -This program has an extremely regional recruiting presence. Therefore, if people wanted to find work outside of the Midwest they may face challenges.
    
    -The small class size provided a chance to really get to know and interact will all my classmates. There was a sense of family.
    
    -The full-time MBA program at the Carlson School of Management provides unique experiential learning opportunities through the enterprise program. Carlson also has a strong relationship with Fortune 500 companies throughout the Twin Cities. These companies provide guest speakers to discuss relevant business topics, sponsor site visits, and provide excellent MBA career options.
    
    -From the perspective of an international student expecting to have career opportunities on important companies in the Twin Cities Area, it becomes frustrating that most of the companies have too strict sponsorship policies. This is the case for Target, 3M, General Mills, now even Medtronic. It wouldn't be a problem for students like me, willing to eventually return to our countries, however these companies don't hire F-1 Visa holders even for internships or short term assignments which is part of the Practical Training block of the MBA.
    
    -The Carlson full-time MBA offers both a rigorous academic program and intense project management training. The program has a strong reputation within Minnesota and across the country. In addition, it is part of a top-notch public university. This offers students access to some of the best academics and researchers in the country. Students are able to pursue dual degrees in law, health care administration, public policy, and more.
    
    -The Medical Industry Leadership Institute was the primary reason I chose Carlson. It was an excellent program to be a part of and the reason I was able to compete for and secure a competitive hospital administration fellowship position without getting an MHA degree. The MHA program is very strong at the University of Minnesota, and I was able to compete with graduates from that program because of the Medical Industry Leadership Institute education and faculty.
    
    -The Carlson full-time program is small and allows for both leadership opportunities and intimate relationships. It has a very well-funded student association, which allows for many different kinds of opportunities to develop innovative clubs and extracurricular programs. The program is also located in the heart of a very strong regional business community, which gives students exceptional access to professional organizations and diverse employment opportunities.