Program Basics

• • Northeastern University Full-time MBA
  • Graduate School of Business Administration
  • 350 Dodge Hall
  • Northeastern University
  • Boston, 02115, Massachusetts
  • United States
  • Program Web site: http://www.mba.neu.edu
  • Status: Private
  • Program e-mail address: gsba@neu.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 2,229
  • Full-Time MBA: 152
  • Part-Time MBA: 409
  • Executive MBA: 26
• • Other graduate degree programs:
    • Master of Accounting
    • Master of Finance
    • Other
    • Master of International Management/Business
  • MS in Taxation; MS in Technological Entrepreneurship

PROGRAM COSTS

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

  • Resident: $81,268.00
  • Nonresident: $81,268.00
  • Recommended annual budget (Resident): $59,334.00
  • Recommended annual budget (Nonresident): $59,334.00

PROGRAM LENGTH

• • Full-time program (months): 24

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Nov 30, 2011
  • Semester: Fall 2012
  • Deadline: Feb 1, 2012
  • Semester: Fall 2012
  • Deadline: Mar 15, 2012
  • Semester: Fall 2012
  • Deadline: Apr 15, 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: 600

• 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: Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 403
  • Applicants who were accepted to the most recent class: 31 %
  • Admitted applicants who enrolled in the newest class: 49 %
  • Applicants who were re-applicants from prior years: 2 %
  • Percentage of this year's reapplicants accepted: 2 %
  • Applicants wait-listed during the last admissions cycle: 61
  • Wait-listed applicants admitted for the semester to which they applied: 9
  • Applicant interviews are: Required
  • Applicants (admitted and denied) who were interviewed: 54 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 64 %
  • Applications from women received: 40 %

CLASS PROFILE

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

  • Female: 34 %
  • International: 30 %

• Students from following regions:

  • Africa: 1 %
  • Asia: 21 %
  • Europe: 7 %
  • North America: 64 %
  • Latin America and the Caribbean: 0 %
  • Oceania: 0 %
  • Dual citizenship: 7 %

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

  • African American: 0 %
  • Asian American: 14 %
  • Hispanic or Latino American: 2 %
  • Multiethnic/Multiracial: 0 %
  • Native American: 0 %
  • White (Non-Hispanic): 82 %
  • Chose not to report: 2 %
  • Other: 0 %

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

  • Northeast: 81 %
  • Mid-Atlantic: 7 %
  • South: 5 %
  • Southwest: 2 %
  • Midwest: 0 %
  • West: 5 %
  • Possessions and territories: 0 %
• • Mean months of work experience of newest entering class: 34
  • Median months of work experience of newest entering class: 36

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

  • From: 18
  • To: 48
• • Median age of entering class: 25
  • Mean age of entering class: 25

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: 96 %
  • Mean MBA financial aid package for the current academic year: $32,081.00
  • Median MBA financial aid package for the current academic year: $28,000.00
  • On what basis are scholarships awarded?
    • 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: $21,468.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 89 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No

GMAT

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

• GMAT score distribution (applicant pool):

  • 50th Percentile (median) 600
  • 25th Percentile 550
  • 75th Percentile 655
  • Average GMAT Score 593
  • 10th Percentile 464
  • 90th Percentile 696

• GMAT score distribution (incoming class):

  • 50th Percentile (median) 620
  • 10th Percentile 570
  • 25th Percentile 590
  • Average GMAT Score 630
  • 75th Percentile 680
  • 90th Percentile 694

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 29
  • Average number of students in a full-time MBA elective class: 20
  • Elective courses available to full-time MBA students: 60

• Electives that have been added to the full-time program since June 30, 2010:

  • Global Corporate Citizenship
  • Strategic Decision Making in Times of Uncertainty
  • Art Based Learning for Managers
  • Financial Statement Analysis

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

  • • Finance
    • Marketing
    • Supply Chain Management
    • Operations Management

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

  • • MBA/MS (Science)
    • MBA/JD (Law)
    • MBA/MSN (Nursing)
• • 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
    • International Business
    • Operations Management

FACULTY

• • Faculty employed by the B-school: 189

• Full-time faculty:

  • Tenured: 63
  • Non-Tenured: 76

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 50

• Women on Faculty:

  • Tenured: 17
  • Non-Tenured: 29

• Minority Faculty:

  • Tenured: 5
  • Non-Tenured: 7

• International Faculty:

  • Tenured: 2
  • Non-Tenured: 20

• Faculty with PhDs:

  • Tenured: 63
  • Non-Tenured: 69

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Other
    • Finance
    • Marketing

• Networking clubs available to full-time MBA students:

  • • Hispanic Student Organization
    • International Club
    • Women in MBA
    • Other
    • Volunteer

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 33 %
  • Distance Learning: 0 %
  • Experiential Learning: 22 %
  • Lectures: 15 %
  • Simulations: 5 %
  • Team Projects: 25 %

• Requirements for graduation:

  • • Students are required to complete international experience
    • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average

TECHNOLOGY

• • Technology improvements in the last three academic years: Upgrading desktop computers for full-time faculty and staff; Purchase of 36 laptop Mobile lab which is used in the College's 10 wireless capable case rooms in Dodge Hall.
  • Amount spent: $300,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 15,589
  • Active MBA alumni clubs: 1
  • Countries in which MBA clubs exist: 1
  • Living MBA alumni who gave in past year: 11 %
  • Mean gift from MBA alumni: $3,570.00
  • Median gift from MBA alumni: $50.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $29,000,000.00
  • 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.alumniconnections.neu.edu
  • Does the B-School have an alumni networking Web site? No
  • 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: 67 %
  • Graduates not seeking employment: 33 %
  • Graduates for whom you have no information regarding employment: 0 %

• Primary source of job offer:

  • School-facilitated activities: 64 %
  • Graduate-facilitated activities: 36 %
  • No information provided by graduate: 0 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 66 %
  • Received first job offer in three months following graduation: 29 %
  • Received first job offer more than 3 months after graduation: 5 %
  • Did not report having received a job offer: 0 %
  • Accepted first job offer by graduation: 66 %
  • Accepted first job offer in three months following graduation: 29 %
  • Accepted first job offer more than 3 months after graduation: 5 %
  • Did not report having accepted a job offer: 0 %

• Top recruiting organizations most recent academic year:

  • IBM 3
  • Raytheon 3
  • W.R. Grace 3
  • Hamilton Sundstrand 2
  • Harvard Pilgrim Health Care, Inc. 2
  • Staples, Inc. 2
  • Protobrand 2
  • State Street 1
  • Childrens Hospital Boston 1
  • Ocean Spray Cranberries 1
  • Oracle 1
  • Parametric Technology Corporation 1
  • Sovereign Bank 1
  • Tyco International 1
  • Wellington 1
• • Job-accepting graduates who received a signing bonus: 15 %

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

  • Mean base salary: $69,614.00
  • Median base salary: $70,000.00
  • Mean signing bonus: $12,250.00
  • Median signing bonus: $9,250.00
  • Mean other guaranteed compensation: $6,000.00
  • Median other guaranteed compensation: $7,500.00

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

  • Consulting: 13 %
  • Finance/Accounting: 31 %
  • General Management: 10 %
  • Human Resources: 3 %
  • Marketing/Sales: 23 %
  • Management Information Systems: 5 %
  • Operations/Logistics: 15 %
  • Other: 0 %

• Graduating students who accepted jobs in the following industries:

  • Government: 0 %
  • Consulting: 5 %
  • Consumer Products: 8 %
  • Financial Services: 13 %
  • Manufacturing: 28 %
  • Media/Entertainment: 5 %
  • Non-Profit: 5 %
  • Petroleum/Energy: 0 %
  • Pharmaceutical/Biotechnology/Health Care: 8 %
  • Real Estate: 0 %
  • Technology: 23 %
  • Other: 5 %

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

  • Africa: 0 %
  • Asia: 0 %
  • Europe: 0 %
  • North America: 97 %
  • Oceania: 0 %
  • Latin America and the Caribbean: 3 %

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

  • Northeast: 84 %
  • Mid-Atlantic: 3 %
  • South: 3 %
  • Southwest: 0 %
  • Midwest: 3 %
  • West: 7 %
  • Possessions and territories: 0 %

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

  • W.R. Grace 10
  • Hamilton Sundstrand 9
  • State Street 9
  • Wellington 9
  • GE Aviation 6
  • Hasbro 3
  • IBM 3
  • Staples, Inc. 3
  • Massachusetts Convention Center Authority 2
  • Childrens Hospital Boston 2
  • Sandoz 2
  • Cubist 2
  • Raytheon 1
  • Fidelity 1
  • Lindt and Sprungli 1
• • Internships awarded that are paid: 100 %

• Weekly internship compensation:

  • Mean: $1,117.00
  • Median: $1,100.00
• • Average internship length in weeks: 26

• • -I think the opportunity to take advantage of the 6-month corporate residency opportunity makes the Northeastern MBA program makes a huge difference. You also learn a lot from professors from top universities that really care about your career and education.
    
    -The MBA program is a lot of work. If I had to guess my estimate would be that I was working minimum of 60 hours a week for the whole first year. Although I learned from my classes, some of it was overkill; at some point the brain cannot absorb all of the information. You run into the same problem probably at every university, but certain professors are very full of themselves and expect you to know things before they are taught to you.
    
    -I like that they have a small class and experienced instructors. The co-op program is also very unique and helpful.
    
    -Northeastern University's MBA program is well managed and offers some wonderful professors. Further, the corporate residency is helpful not only for experience in the real world, but also for networking purposes in order to assist in attaining a job after graduation.
    
    -Though the courses were overall, fantastic, the administration at Northeastern was difficult to deal with school-wide. The MBA people in particular were great but the collaboration with the rest of the school (i.e. grad financial aid, registrar, etc.) was very challenging. I spent an incredible amount of hours just trying to ensure that I could graduate on time and with the classes I needed.
    
    -The co-op is a unique and amazing opportunity that very few schools offer. The co-op is especially beneficial if you are looking for a career change. Not only do you take challenging classes with Ivy League PhDs and accomplished business professionals, but you also work in the field of your choice for six months. The co-op allows you to put your new skills into practice, build relationships and boost your resume before going into the "real world".
    
    -I think the MBA experience overall was worthwhile. What could have been better would be a more real world consulting projects that could be integrated with course works. That aspect was certainly not a focus of my MBA program.
    
    -I found the MBA program at Northeastern extremely challenging, I do though think they require too much reading and no class should have tests be worth more than 60 percent. Working in the real world is not so predicated on one day. Our professors all have PhDs and a lot went to Harvard, but this causes some egos to be out of whack.