Full-Time MBA Profile
Publish Date 05/27/12
University of Minnesota
Carlson School of Management
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Program Basics
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Carlson Full-Time MBA Program
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Carlson School of Management
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321 19th Avenue South
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Suite 1-110
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Minneapolis, 55455, Minnesota
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United States
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Program Web site:
http://www.carlsonschool.umn.edu/mba/full-time/index.html
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Status:
Public
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Program e-mail address:
ftmba@umn.edu
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Graduate business school is accredited by:
- Association to Advance Collegiate Schools of Business (AACSB)
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SCHOOL BASICS
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Other graduate degree programs:
- Master of Accounting
- Other
- Master of Human Resources
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Master of Business Taxation (MBT)
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PROGRAM COSTS
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PROGRAM LENGTH
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Full-time program (months):
21
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ADMISSIONS
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Does the program have rolling admissions?
No
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Is proficiency in English required for admission?
Yes
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Is a minimum score on an English language proficiency test required?
Yes
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Minimum paper-based TOEFL score required for MBAs:
580
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APPLICANTS
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Applications (admitted and denied) to the newest class:
538
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Applicants who were accepted to the most recent class:
41 %
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Admitted applicants who enrolled in the newest class:
45 %
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Applicants who were re-applicants from prior years:
3 %
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Percentage of this year's reapplicants accepted:
57 %
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Applicants wait-listed during the last admissions cycle:
34
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Wait-listed applicants admitted for the semester to which they applied:
23
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Applicant interviews are:
By invitation only
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Applicants (admitted and denied) who were interviewed:
55 %
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Admitted applicants who were interviewed:
96 %
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APPLICANT POOL
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International applications received:
60 %
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Applications from women received:
28 %
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Mean base salary forgone:
$49,128.00
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Median base salary forgone:
$44,340.00
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CLASS PROFILE
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Mean months of work experience of newest entering class:
52
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Median months of work experience of newest entering class:
43
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Median age of entering class:
27
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Mean age of entering class:
28
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FINANCIAL AID
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Full-time MBAs apply for financial aid through:
Central financial aid office at the university
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Full-time MBAs receiving financial aid in the current academic year:
67 %
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Mean MBA financial aid package for the current academic year:
$42,207.00
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Median MBA financial aid package for the current academic year:
$47,388.00
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On what basis are scholarships awarded?
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How does an applicant apply for scholarship consideration?
all candidates are considered for scholarship
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Mean scholarship awarded to full-time MBAs in the previous academic year:
$18,702.00
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Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study:
100 %
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Does the school offer a guaranteed loan to all MBAs regardeless of nationality?
No
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Mean outstanding debt among the most recent graduates from the full-time MBA program:
$60,473.00
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GMAT
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Are applicants required to take the GMAT?
Yes
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Are applicants allowed to submit the GRE?
Yes
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CLASS OFFERINGS
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Average number of students in a full-time MBA core class:
50
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Average number of students in a full-time MBA elective class:
33
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Elective courses available to full-time MBA students:
70
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Does the school offer an accelerated full-time MBA program?
No
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FACULTY
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Faculty employed by the B-school:
163
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STUDENT LIFE
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TEACHING/ACADEMICS
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TECHNOLOGY
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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.
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Amount spent:
$3,300,000.00
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B-SCHOOL ALUMNI
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Living MBA alumni:
16,082
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Active MBA alumni clubs:
12
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Countries in which MBA clubs exist:
3
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Living MBA alumni who gave in past year:
5 %
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Mean gift from MBA alumni:
$301.00
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Median gift from MBA alumni:
$100.00
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Did school receive an individual gift in excess of $10 million in the past academic year?
No
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Business School endowment:
$137,500,000.00
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Does the main university offer career placement services for alumni?
No
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Does the main university have an alumni networking Web site?
Yes
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University alumni networking site:
http://www.minnesotaalumni.org
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Does the B-School have an alumni networking Web site?
Yes
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Business school alumni networking site:
http://www.carlsonschool.umn.edu/alumni/connect.html
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Does the B-SCHOOL offer career services for alumni?
Yes
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Do current MBA students have access to an alumni database?
Yes
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CAREER SERVICES
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Graduates seeking full-time professional MBA employment:
72 %
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Graduates not seeking employment:
23 %
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Graduates for whom you have no information regarding employment:
5 %
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Job-accepting graduates who received a signing bonus:
47 %
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-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.