- Wednesday November 4, 2009
- Subscribe Now
University of Minnesota
Carlson School of Management
Getting In
PROGRAM BASICS
Carlson Full Time MBA Program
Carlson School of Management
321 19th Ave s
Suite 400
Minneapolis
,
Minnesota 55455
United States
Program Web site:
Status:
Public Institution
Program e-mail address:
Graduate business school is accredited by:
AACSB International
SCHOOL BASICS
Graduate business school enrollment:
Total:
2,194
Full-Time MBA:
216
Part-time MBA:
1,606
Executive MBA:
116
PhD Program:
256
Undergraduate business school enrollment:
1,173
Graduate degree programs:
Master of Accounting
Master of Human Resources
Other graduate degree programs:
Master of Business Taxation
PROGRAM COSTS
Total direct costs (tuition and required fees) of the entire MBA program:
Resident :
$
60,918
Nonresident :
$
84,246
PROGRAM LENGTH
Full-time program (months):
22
ADMISSIONS
Application Deadlines
Semester:
9
Deadline:
12
Semester:
9
Deadline:
2
Semester:
9
Deadline:
4
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 Computer Based
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:
Very Important
Interviews:
Very Important
Recommendations:
Very Important
Undergraduate Transcripts:
Very Important
APPLICANTS
Applications (admitted and denied) to the newest class:
548
Applicants who were accepted to the most recent class:
41 %
Admitted applicants who enrolled in the newest class:
46 %
Applicants who were re-applicants from prior years:
3 %
Percentage of this year's reapplicants accepted:
50 %
Applicants wait-listed during the last admissions cycle:
32
Wait-listed applicants admitted for the semester to which they applied:
10
Applicant interviews are:
By invitation only
Applicants (admitted and denied) who were interviewed:
69 %
Admitted applicants who were interviewed:
93 %
APPLICANT POOL
International applications received:
51 %
Applications from women received:
33 %
Mean base salary forgone:
$ 54,554
Median base salary forgone:
$ 46,000
CLASS PROFILE
Full-time students in newest entering class (2009-2010) that are:
Female:
41
%
International:
19
%
Students from following regions:
Africa :
1
%
Asia:
15
%
Eastern Europe and Central Asia:
1
%
North America:
82
%
Western Europe:
1
%
Percentage of U.S. students in newest entering class that are:
African American:
2
%
Asian American:
11
%
Hispanic or Latino American:
6
%
Multiethnic/Multiracial :
1
%
Native American:
1
%
White (Non-Hispanic):
78
%
Other:
1
%
Percentage of U.S. students in newest entering class who are from the following regions:
Northeast:
8
%
Mid-Atlantic:
1
%
Midwest :
86
%
West:
4
%
Mean months of work experience of newest entering class:
52
Median months of work experience of newest entering class:
42
Middle 80% range of work experience of newest entering class in months:
From:
24
To:
84
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:
64 %
Mean MBA financial aid package for the current academic year:
$ 37,228
Median MBA financial aid package for the current academic year:
$ 40,376
On what basis are scholarships awarded?
Academic merit
Full-tuition scholarships school will award during the upcoming academic year:
22
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:
$ 24,558
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?
Only to domestic students
If so, what is the maximum amount a student can borrow per year?
$ 20,500
Mean outstanding debt among the most recent graduates from the full-time MBA program:
$
58,496
GMAT
Are applicants required to take the GMAT?
Yes
GMAT scores:
Mean :
683
Median:
685
Middle 80% range GMAT scores:
From:
620
To:
745
Academics & Lifestyle
CLASS OFFERINGS
Average number of students in a full-time MBA core class:
52
Average number of students in a full-time MBA elective class:
40
Elective courses available to full-time MBA students:
77
Electives that have been added to the full-time program since June 30, 2009:
Leadership and Professional Development
Managing the Global Corporate Tax Rate
Year of last major change or significant overhaul to the core curriculum:
2009
Concentrations and specializations offered to full-time MBA students:
Consulting
Finance
Management Information Systems
Marketing
Operations Management
Supply Chain Management
N/A
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:
Consulting
Entrepreneurship
Finance
Marketing
Strategy
FACULTY
Faculty employed by the B-school:
162
Full-time faculty:
Tenured:
104
Non-Tenured:
33
Adjunct/Visiting Faculty:
N/A
Women on Faculty:
Tenured:
29
Non-Tenured:
15
Minority Faculty:
Tenured:
18
Non-Tenured:
16
International Faculty:
Tenured:
0
Non-Tenured:
14
Faculty with PhDs:
Tenured:
119
STUDENT LIFE
Professional clubs available to full-time MBA students:
Biotech/Health care
Consulting
Corporate Social Responsibility/NetImpact
Entrepreneurship
Finance
Marketing
Nonprofit
Other
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
Other
TEACHING/ACADEMICS
Teaching methods used:
Case Study:
30
%
Experiential Learning:
20
%
Lectures:
30
%
Simulations:
10
%
Team Projects:
10
%
Requirements for graduation:
Students are required to complete international experience
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 a minimum number of credits and participate in an Enterprise experience where they work alongside professionals at client organizations on high-profile business projects
TECHNOLOGY
Technology improvements in the last three academic years:
New Undergraduate building includes fully upgraded classroom technology. Laptop program has full Help Desk hardware support and repairs, and breakout rooms with plasma screens. Upgraded all student lab computers and printers. Web based applications support student & admin services including online: program and scholarship applications, alumni directory and career services. Expanded storage, research computing platform and databases; Expanded wireless network; Added webcast capabilities, including remote automated webcast. Upgraded distance learning facilities.
Amount spent:
$ 3,300,000
Alumni Affairs & Careers
B-SCHOOL ALUMNI
Living MBA alumni:
14,683
Active MBA alumni clubs:
78
Countries in which MBA clubs exist:
17
Did school receive an individual gift in excess of $10 million in the past academic year?
No
Business school endowment
$ 117,100,000
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:
Does the B-School have an alumni networking Web site?
Yes
Business school alumni networking site:
Do current MBA students have access to an alumni database?
Yes
CAREER SERVICES
Graduates seeking full-time professional MBA employment:
68
%
Graduates not seeking employment:
32
%
Graduates for whom you have no information regarding employment:
0
%
Annual job-searching trips that the school coordinates or participates in:
Destination:
New York, NY
Month:
November
Amount Paid By School:
none
Destination:
Chicago, IL
Month:
September
Amount Paid By School:
none
Destination:
San Francisco, CA
Month:
January
Amount Paid By School:
none
Destination:
NSHMBA Annual Conference and Career Expo
Month:
October
Amount Paid By School:
partial
Destination:
NBMBAA Annual Conference
Month:
September
Amount Paid By School:
partial
Primary source of job offer:
School-facilitated activities:
43
%
Graduate-facilitated activities:
20
%
No information provided by graduate:
37
%
Companies that recruited second-year MBAs on campus in 2008-09:
65
Companies that posted full-time job offers for MBAs
on the school's job boards in 2008-09:
297
Job Offers for 2009 graduates:
Received first job offer by graduation:
71
%
Received first job offer in three months following graduation:
13
%
Received first job offer more than 3 months after graduation:
2
%
Did not report having received a job offer:
14
%
Accepted first job offer by graduation:
63
%
Accepted first job offer in three months following graduation:
15
%
Accepted first job offer more than 3 months after graduation:
2
%
Did not report having accepted a job offer:
20
%
Top recruiting organizations most recent academic year:
Cummins
6
Deloitte
5
General Mills
3
Ecolab
2
Target
2
Johnson & Johnson
2
Kurt Salmon
2
Samsung
1
Polaris
1
Boston Scientific
1
McKinsey
1
Thomson Reuters
1
Kimberly Clark
1
Valspar
1
Robert W. Baird
1
Job-accepting graduates who received a signing bonus:
87 %
Base salary, signing bonuses and other compensation for most recent employed graduates:
Mean base salary:
$
92,601
Median base salary:
$
90,000
Mean signing bonus:
$
19,500
Median signing bonus:
$
17,500
Mean other guaranteed compensation:
$
9,571
Median other guaranteed compensation:
$
6,000
Graduating students who accepted jobs in the following functional areas:
Consulting:
30
%
Finance/Accounting:
27
%
General Management:
3
%
Human Resources:
0
%
Marketing/Sales:
34
%
Management Information Systems (MIS):
0
%
Operations/Logistics:
3
%
Other:
3
%
Graduating students who accepted jobs in the following industries:
Consulting:
25
%
Consumer Products:
22
%
Financial Services:
9
%
Manufacturing:
16
%
Pharmaceutical/Biotechnology/Health Care:
13
%
Other:
15
%
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:
0
%
Middle East:
0
%
North America:
97
%
Oceana:
0
%
Western Europe:
0
%
Within North America, graduates who accepted full-time jobs in the following regions:
Northeast:
7
%
Mid-Atlantic:
3
%
South:
0
%
Southwest:
0
%
Midwest:
90
%
West:
0
%
Possessions and territories:
0
%
Canada:
0
%
Top recruiting organizations for internships, most recent academic year:
Boston Scientific
4
General Mills
4
Sears
3
Intel
3
3M
2
Thomson Reuters
2
Inclusion Inc
2
Education Pioneers
2
Zimmer Spine
1
Target
1
AGA Medical
1
Medtronic
1
Nestle
1
Cummins
1
United Health Group
1
Internships awarded that are paid:
79 %
Weekly internship compensation:
Mean:
$ 1,114
Median:
$ 1,000
Average internship length in weeks:
12
SCHOOL COMMENTS
School Comments:
The Carlson Full-Time MBA is a two-year program with opportunities for valuable summer internships between your first and second years. A nationally ranked program with a commitment to experiential learning, the Carlson School attracts students who aspire to work with world-class researchers, teachers, and business leaders, and to have access to local, national, and international business communities. In class, experiences come to life with opportunities to immerse yourself in the real world of business, including the Enterprise program where all students work alongside professionals at client organizations gaining valuable knowledge through work on high-profile business projects as well as a mandatory international experience – the Global Discovery program. Global Discovery helps students understand how to successfully operate a business in a global environment through the two-week overseas experience. Our alumni say these are two aspects of the program that are the most enriching, life-changing opportunities they’ve ever experienced.
Graduate Comments
The quality of the education, the school's rank, and the very powerful alumni and local business network make this school an ideal place to pursue an MBA. It’s got great relations with companies like Best Buy, Target, Northwest Airlines, General Mills, Carlson Companies, Anderson Windows, and 3M. -- Finance
The Carlson student body is composed of very bright, highly energetic people, many of whom passed on more prestigious schools. This makes for very interesting and beneficial learning opportunities, both inside the classroom and out. -- Investment Banking
The brand name of the school is stronger regionally than nationally. -- Marketing
Carlson has a very solid program with a strong marketing department, notably in pricing and brand management. The unique Carlson Enterprises program offers the incomparable opportunity to provide paid consulting services to companies like United Health, Best Buy, Target, and 3M. -- Marketing
A Carlson MBA is an excellent value, providing an good education at a state-school price. It has outstanding relationships with local companies, where it competes with top 10 schools. -- Consulting
I learned a heck of a lot in the MBA program, and enjoyed it a great deal. But I have had an exceedingly difficult time getting employment in my chosen field, and the MBA simply is not opening the doors I expected it to. -- Marketing
The Minneapolis business community is vibrant and plays a big part in recruiting from Carlson; however, it is hard to get jobs outside of the Minnesota. -- Information Technology
Carlson has a strong history and focus on social responsibility through the Graduate Volunteer Consultants, Net Impact, and the Microfinance alliance. Having an opportunity to give back and work in a business and non-profit community on a volunteer basis is something that I'll take with me into my professional career. -- Consulting
The culture of the school breeds a sense of community rather than individualistic competition. -- Marketing
There’s an incredible opportunity to develop and carry out research. I traveled to Cuba under an academic license to study American brands in the Cuban gray market. -- Marketing
Great program for marketers. It’s more difficult if you want a job outside Minneapolis community, but still possible. -- Marketing
I am interested in a non-traditional career, and I think the school could do a better job connecting students to small businesses, start-ups and non-profits in the area. Carlson has strong relationships with the many large companies in the Twin Cities, which is beneficial to most students. But a growing number of us are looking for a different kind of experience after graduation and there seem to be few resources to help us explore alternative possibilities. -- Finance
I think that the camaraderie built between the 120 students in my graduating class is one of the most important aspects to my education at Carlson. The learning atmosphere is incredible. -- Marketing
The difference between Carlson MBAs and MBAs from higher-ranked schools is that we don't walk around all day telling ourselves how great we are. Instead, we focus on delivering effective results and fostering a great collaborative environment. -- Marketing
The students that run the growth and fixed-income funds at Carlson beat their benchmarks by a significant amount each year. It is amazing to me that the school has not been able to promote these results more and start getting its students into higher profile positions at investment banks and asset management companies. -- Finance
Admissions Tips
MBA Insider
Check out this feature-rich area for advice and tools that will help you choose the right school—and develop a strategy for getting accepted.
Community
MBA Forums
Ongoing conversations about MBA admissions, finding internships, landing a job, and more.
MBA Admissions
'Getting In' Blog
The latest news on admissions to top business schools from BW writers and editors.
MBA Toolkit
Links to BusinessWeek B-school resources to help get you in, pay for it, and get a great job.
B-School Life
Finding a Job
Paying the Bills
Business Tools
A-Z Index
Lists & Rankings
Blogs
- Apple
- Asia
- Autos
- Branding
- Economy
- Investing
- Management Trends
- Real Estate
- Small Business
- Social Media
- Technology
