University of Rochester

Program Basics

• • full time MBA
  • Simon School of Business
  • 305 Schlegel Hall
  • RC Box 270107
  • Rochester, 14627-0107, New York
  • United States of America
  • Program Web site: http://www.simon.rochester.edu
  • Status: Private
  • Program e-mail address: admissions@simon.rochester.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 866
  • Full-Time MBA: 284
  • Part-Time MBA: 122
  • Executive MBA: 120
  • PhD Program: 39
• • Other graduate degree programs:
    • Master of Accounting
    • Master of Finance
    • Other
    • Master of Marketing
  • Master of Science in Business Administration

PROGRAM COSTS

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

  • Resident: $93,774.00
  • Nonresident: $93,774.00
  • Recommended annual budget (Resident): $67,278.00
  • Recommended annual budget (Nonresident): $67,278.00

PROGRAM LENGTH

• • Full-time program (months): 22

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: May 15, 2012
  • Semester: Fall 2012
  • Deadline: Mar 15, 2012
  • Semester: Fall 2012
  • Deadline: Jan 5, 2012
  • Semester: Fall 2012
  • Deadline: Nov 15, 2011
• • Does the program have rolling admissions? Yes
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? No

• Which English language proficiency tests are accepted?

  • • TOEFL Internet Based Test
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: N/A

• Relative Importance of Application Elements:

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

APPLICANTS

• • Applications (admitted and denied) to the newest class: 791
  • Applicants who were accepted to the most recent class: 35 %
  • Admitted applicants who enrolled in the newest class: 32 %
  • Applicant interviews are: By invitation only
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • Applications from women received: 27 %

CLASS PROFILE

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

  • Female: 31 %
  • International: 52 %

• Students from following regions:

  • Africa: 0 %
  • Asia: 42 %
  • Europe: 6 %
  • North America: 48 %
  • Latin America and the Caribbean: 4 %
  • Oceania: 0 %

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

  • African American: 13 %
  • Asian American: 15 %
  • Hispanic or Latino American: 4 %
  • Multiethnic/Multiracial: 8 %
  • Native American: 0 %
  • White (Non-Hispanic): 56 %
  • Chose not to report: 4 %
  • Other: 0 %

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

  • Northeast: 54 %
  • Mid-Atlantic: 4 %
  • South: 2 %
  • Southwest: 10 %
  • Midwest: 11 %
  • West: 19 %
  • Possessions and territories: 0 %
• • Mean months of work experience of newest entering class: 64
  • Median months of work experience of newest entering class: 52

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

  • From: 37
  • To: 97
• • Median age of entering class: 28
  • 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: 79 %
  • Mean MBA financial aid package for the current academic year: $37,172.00
  • Median MBA financial aid package for the current academic year: $38,558.00
  • 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: $16,805.00
  • 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: $31,000.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? Yes
  • If not, how are applicants' quantitative abilities checked before enrollment? N/A

• GMAT score distribution (applicant pool):

  • 10th Percentile 600
  • 25th Percentile 640
  • 75th Percentile 710
  • 50th Percentile (median) 680
  • 90th Percentile 730
  • Average GMAT Score 669

• GMAT score distribution (incoming class):

  • 10th Percentile 610
  • 25th Percentile 640
  • Average GMAT Score 675
  • 75th Percentile 710
  • 90th Percentile 730
  • 50th Percentile (median) 690

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 42
  • Average number of students in a full-time MBA elective class: 37
  • Elective courses available to full-time MBA students: 63

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

  • Business to Business Marketing

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

  • • Finance
    • Entrepreneurship
    • General Management
    • Marketing
    • Accounting
    • Operations Management
    • Strategy
    • Economics
    • Public Policy
    • International Business
    • E-commerce
  • Health Science Management

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

  • • 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
    • Entrepreneurship
    • Marketing
    • Strategy
    • Accounting

FACULTY

• • Faculty employed by the B-school: 79

• Full-time faculty:

  • Tenured: 23
  • Non-Tenured: 35

• Adjunct/Visiting Faculty:

  • Tenured: 2
  • Non-Tenured: 17

• Women on Faculty:

  • Tenured: 3
  • Non-Tenured: 8

• Minority Faculty:

  • Tenured: 3
  • Non-Tenured: 4

• International Faculty:

  • Tenured: 4
  • Non-Tenured: 13

• Faculty with PhDs:

  • Tenured: 24
  • Non-Tenured: 32

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Finance
    • Marketing
    • Nonprofit
    • VC/ Private Equity
    • Environmental
    • High Tech
    • Information Technology
    • Investment Banking
    • Manufacturing
    • E-business

• 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: 20 %
  • Distance Learning: 0 %
  • Experiential Learning: 0 %
  • Lectures: 50 %
  • Simulations: 0 %
  • Team Projects: 30 %
  • Other: 0 %

• Requirements for graduation:

  • • Students must have earned a pre-determined GPA/Letter grade average

TECHNOLOGY

• • Technology improvements in the last three academic years: Addition of Blackboard, student portal software for class information; Simon Works, software to assist Business School Students with Job Placements; Bloomberg Service for Market Research and Company Analysis; Trade Simulation Software for classroom student; Salesforce.com; customer relation management software for admission, student and alumni tracking.
  • Amount spent: $300,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 10,977
  • Active MBA alumni clubs: 19
  • Countries in which MBA clubs exist: 9
  • Living MBA alumni who gave in past year: 12 %
  • Mean gift from MBA alumni: $1,027.00
  • 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: $82,000,000.00
  • 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: https://alumniportal.ur.rochester.edu
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: https://alumniportal.ur.rochester.edu
  • 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: 77 %
  • Graduates not seeking employment: 13 %
  • Graduates for whom you have no information regarding employment: 10 %

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

  • Destination: NY City Recruiting Event
  • Month: September
  • Amount Paid By School: Full
  • Destination: Wall Street Trip (NYC)
  • Month: December
  • Amount Paid By School: Partial
  • Destination: New York Recruiting
  • Month: January
  • Amount Paid By School: Full
  • Destination: GE (Stamford, CT)
  • Month: April
  • Amount Paid By School: Full
  • Destination: New York Networking
  • Month: June
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 62 %
  • Graduate-facilitated activities: 36 %
  • No information provided by graduate: 2 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 65 %
  • Received first job offer in three months following graduation: 26 %
  • Did not report having received a job offer: 9 %
  • Accepted first job offer by graduation: 64 %
  • Accepted first job offer in three months following graduation: 25 %
  • Did not report having accepted a job offer: 11 %

• Top recruiting organizations most recent academic year:

  • Constellation Brands, Inc 6
  • University of Rochester 6
  • Cognizant 4
  • Citigroup 3
  • Deloitte 3
  • Ernst & Young 3
  • Eastman Chemical Company 3
  • M&T Bank 3
  • Bank of America, N.A. 2
  • Brighton Securities 2
  • ESS Analysis 2
  • Fedex 2
  • KPMG LLP 2
  • The Great Atlantic & Pacific Tea Company, Inc. 2
  • The Vanguard Group, Inc. 2
• • Job-accepting graduates who received a signing bonus: 40 %

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

  • Mean base salary: $75,686.00
  • Median base salary: $76,250.00
  • Mean signing bonus: $11,067.00
  • Median signing bonus: $10,000.00
  • Mean other guaranteed compensation: $14,159.00
  • Median other guaranteed compensation: $7,000.00

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

  • Consulting: 16 %
  • Finance/Accounting: 40 %
  • General Management: 3 %
  • Human Resources: 0 %
  • Marketing/Sales: 29 %
  • Management Information Systems: 5 %
  • Operations/Logistics: 4 %
  • Other: 3 %

• Graduating students who accepted jobs in the following industries:

  • Government: 0 %
  • Consulting: 18 %
  • Consumer Products: 13 %
  • Financial Services: 30 %
  • Manufacturing: 10 %
  • Media/Entertainment: 0 %
  • Non-Profit: 7 %
  • Petroleum/Energy: 2 %
  • Pharmaceutical/Biotechnology/Health Care: 4 %
  • Real Estate: 0 %
  • Technology: 7 %
  • Other: 9 %

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

  • Africa: 0 %
  • Asia: 16 %
  • Europe: 0 %
  • North America: 84 %
  • Oceania: 0 %
  • Latin America and the Caribbean: 0 %

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

  • Northeast: 69 %
  • Mid-Atlantic: 4 %
  • South: 9 %
  • Southwest: 4 %
  • Midwest: 11 %
  • West: 3 %
  • Possessions and territories: 0 %

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

  • Liberty Mutual Insurance Company 5
  • Excellus Blue Cross Blue Shield 4
  • Bausch & Lomb, Inc. 4
  • Bank of America, N.A. 3
  • Deloitte 3
  • Constellation Brands, Inc. 3
  • M&T Bank 3
  • First Niagara Financial Group 3
  • General Electric 2
  • Unilever 2
  • Xerox Corporation 2
  • Scotia Capital 2
  • High Tech Rochester 2
  • Brean Murray Carret & Co LLC 2
  • North American Breweries 2
• • Internships awarded that are paid: 84 %

• Weekly internship compensation:

  • Mean: $1,465.00
  • Median: $1,500.00
• • Average internship length in weeks: 10

• • -Simon MBA program is a very robust and scientific program designed to empower students with the toolkit necessary to survive in the competitive market. It has prepared me well to face the new challenges posed by the current economic situation and things can only get better from here.
    
    -I feel the close relationships you can develop at Simon with students, faculty and alums because of its small student body (180 per class) gives us great advantage over larger schools with close to 800 students per class.
    
    -The Simon School's MBA program stretched all my abilities, from team work to analytical to presentation. The economic- and analytically-based program was exactly what I needed to further build business acumen. While my undergraduate education was extremely "liberal arts" focused and my work experience pre-Simon seldom challenged me intellectually, I feel as though the Simon courses provided me with the perfect complementary quantitative skills needed to build a fruitful career.
    
    -I might not recommend this school to my friends as I am not satisfied with the career services from the school. If I don't get a job and have to return back to my home country then I will not advise my friends to study here as they might end up in the same situation.
    
    -The program is very good, taking into the account every facet of management studies are touched upon with practical exposure and tackling real life managerial issues. Although the tools provided by professors were really good, I was little disappointed by the expectation of learning from peers. The school is known for diversity which I was exposed to, but sharing of experiences in class was limited to certain experienced candidates whereas some of the so-called 'early leaders' were good in providing imaginary solutions rather than any practical approach. The expectation of getting a good job useful for career progression was also not fulfilled before graduation.
    
    -The small class sizes allowed me to have individual attention from my professors. Their willingness and want to meet me outside of class greatly enriched my learning experience. As a finance concentration, my professors were world class academics who are incredibly engaged with their student body. I never had the impression that their research was more important than the classes they were teaching. All my professors knew me by name and made a point of approaching me at school events and in the halls at school. The class was incredibly diverse and has provided me with an intimate network around the globe.
    
    -Nothing less than 100 percent placement is acceptable from a school that charges such high tuition fees. International students should stay away from low-ranked schools for at least a couple of years if they want to make a career in U.S. job market.
    
    -I feel that the University of Rochester's Simon Graduate School of Business tends to be seen only as a finance school. While our finance offering is excellent, that reputation leads people to overlook our other accomplished areas, such as marketing and pricing. We have great recruiting relationships and a unique perspective in many areas that I believe deserve more attention. We could use work on our own brand to achieve better consideration among applicants.