FULL-TIME MBA Profiles Publish Date 11/05/09

University of Rochester

Simon Graduate School of Business

Getting In

PROGRAM BASICS

Full-Time MBA Progam

Simon Graduate School of Business

305 Schlegel
Rochester , New York 14627 United States

Program Web site:

www.simon.rochester.edu

Status:

Private Institution

Program e-mail address:

admissions@simon.rochester.edu

Graduate business school is accredited by:

AACSB International

SCHOOL BASICS

Graduate business school enrollment:

Total: 903
Full-Time MBA: 363
Part-time MBA: 167
Executive MBA: 118
PhD Program: 26

Graduate degree programs:

Master of Accounting

Other graduate degree programs:

Nine M.S. in Business Administration Degrees. Finance, General Management, Marketing, Manufacturing Management, Technology Transfer, Info Systems Management, Service Management, Medical Management

PROGRAM COSTS

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

Resident : $ 85,593
Nonresident : $ 85,593
Recommended annual budget (Resident): $ 64,671
Recommended annual budget (Nonresident): $ 64,671

PROGRAM LENGTH

Full-time program (months):

ADMISSIONS

Application Deadlines

Deadline: October 15, 2009
Deadline: November 20, 2009
Deadline: January 5, 2010
Deadline: March 20, 2010

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?

Which English language proficiency tests are accepted?

TOEFL Computer Based

TOEFL Internet Based Test

TOEFL Paper-based Test

Relative Importance of Application Elements:

GMAT Score:

Very Important

Resume/Work Experience:

Important

Application Essays:

Very Important

Interviews:

Very Important

Recommendations:

Very Important

Undergraduate Transcripts:

Very Important

APPLICANTS

Applications (admitted and denied) to the newest class:

1,048

Applicants who were accepted to the most recent class:

31 %

Admitted applicants who enrolled in the newest class:

37 %

Applicant interviews are:

By invitation only

Admitted applicants who were interviewed:

100 %

Applications from women received:

28 %

CLASS PROFILE

Full-time students in newest entering class (2009-2010) that are:

Female: 30 %
International: 48 %

Students from following regions:

Africa : 1 %
Asia: 41 %
Eastern Europe and Central Asia: 2 %
Latin America and the Caribbean: 1 %
Middle East: 2 %
North America: 52 %
Oceania : 0 %
Western Europe: 1 %

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

African American: 13 %
Asian American: 9 %
Hispanic or Latino American: 6 %
Multiethnic/Multiracial : 0 %
Native American: 0 %
White (Non-Hispanic): 61 %
Chose not to report: 11 %

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

Northeast: 70 %
Mid-Atlantic: 8 %
Southwest: 2 %
Midwest : 5 %
West: 13 %
Possessions and territories: 0 %

Mean months of work experience of newest entering class:

Median months of work experience of newest entering class:

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

From: 4
To: 87

Mean age of entering class:

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:

85 %

On what basis are scholarships awarded?

Academic merit

Some other criteria

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:

$ 11,958

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?

GMAT

Are applicants required to take the GMAT?

Yes

GMAT scores:

Mean : 682
Median: 690

Middle 80% range GMAT scores:

From: 620
To: 740

Academics & Lifestyle

CLASS OFFERINGS

Average number of students in a full-time MBA core class:

Average number of students in a full-time MBA elective class:

Elective courses available to full-time MBA students:

Electives that have been added to the full-time program since June 30, 2009:

FIN 444 Entrepreneurial Finance
GBA 456 Leadership Course

Year of last major change or significant overhaul to the core curriculum:

2007

Concentrations and specializations offered to full-time MBA students:

Accounting

Consulting

E-commerce

Economics

Entrepreneurship

Finance

General Management

Health Care Administration

International Business

Management Information Systems

Manufacturing and Technology Management

Marketing

Operations Management

Public Policy

Strategy

Supply Chain Management

N/A

Joint-degree programs offered to full-time MBAs:

MBA/MD (Medicine)

Other

Does the school offer an accelerated full-time MBA program?

The school believes that its leading areas of study for full-time MBA students are:

Accounting

Consulting

Finance

Marketing

Strategy

FACULTY

Faculty employed by the B-school:

Full-time faculty:

Tenured: 22
Non-Tenured: 35

Adjunct/Visiting Faculty:

Tenured: 0
Non-Tenured: 19

Women on Faculty:

Tenured: 2
Non-Tenured: 10

Minority Faculty:

Tenured: 0
Non-Tenured: 0

International Faculty:

Tenured: 5
Non-Tenured: 11

Faculty with PhDs:

Tenured: 21
Non-Tenured: 29

Faculty who are also members of company boards of directors or advisors:

10 %

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Environmental

Finance

High Tech

Information Technology

Investment Banking

Marketing

VC/ Private Equity

Networking clubs available to full-time MBA students:

Black MBA Association

Hispanic Student Organization

International Club

Partners/Family

Volunteer

Wine

Women in MBA

TEACHING/ACADEMICS

Teaching methods used:

Case Study: 30 %
Lectures: 50 %
Team Projects: 20 %

Requirements for graduation:

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:

New CRM system

Amount spent:

$ 200,000

Alumni Affairs & Careers

B-SCHOOL ALUMNI

Living MBA alumni:

10,873

Active MBA alumni clubs:

Countries in which MBA clubs exist:

Living MBA alumni who gave in past year:

12 %

Mean gift from MBA alumni:

$ 1,220

Median gift from MBA alumni:

$ 100

Did school receive an individual gift in excess of $10 million in the past academic year?

Business school endowment

$ 66,200,000

Does the main university offer career placement services for alumni?

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:

http://simonalumniexchange.rochester.edu

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 70 %
Graduates not seeking employment: 22 %
Graduates for whom you have no information regarding employment: 8 %

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

Destination: New York- FMA trip
Month: December
Amount Paid By School: Partial
Destination: New York-SMA trip
Month: December
Amount Paid By School: Partial
Destination: San Francisco-COTA trip
Month: April
Amount Paid By School: Partial
Destination: Boston
Month: January
Amount Paid By School: None
Destination: Washington, DC
Month: March
Amount Paid By School: None

Primary source of job offer:

School-facilitated activities: 63 %
Graduate-facilitated activities: 33 %
No information provided by graduate: 4 %

Job Offers for 2009 graduates:

Received first job offer by graduation: 60 %
Received first job offer in three months following graduation: 24 %
Did not report having received a job offer: 16 %
Accepted first job offer by graduation: 58 %
Accepted first job offer in three months following graduation: 24 %
Did not report having accepted a job offer: 18 %

Top recruiting organizations most recent academic year:

Access 2
Aurora Capital LLC 6
Barclays 2
Booz Allen Hamilton 3
CIGNA 2
Citigroup 2
Daymon Worldwide 2
Deliotte 5
Exxon 2
High Tech Rochester 3
KPMG 3
Morgan Stanley 2
Novartis 2
University of Rochester 7
Xerox Corporation 5

Job-accepting graduates who received a signing bonus:

44 %

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

Mean base salary: $ 74,752
Median base salary: $ 75,000
Mean signing bonus: $ 18,126
Median signing bonus: $ 15,000
Mean other guaranteed compensation: $ 16,117
Median other guaranteed compensation: $ 10,000

Graduating students who accepted jobs in the following functional areas:

Consulting: 20 %
Finance/Accounting: 40 %
General Management: 6 %
Marketing/Sales: 27 %
Operations/Logistics: 4 %
Other: 3 %

Graduating students who accepted jobs in the following industries:

Consulting: 22 %
Consumer Products: 12 %
Financial Services: 26 %
Manufacturing: 4 %
Non-Profit: 10 %
Petroleum/Energy: 6 %
Pharmaceutical/Biotechnology/Health Care: 4 %
Technology: 10 %
Other: 6 %

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

Africa: 1 %
Asia: 9 %
Eastern and Central Europe and Central Asia: 3 %
Latin America and the Caribbean: 1 %
North America: 86 %

Within North America, graduates who accepted full-time jobs in the following regions:

Northeast: 62 %
Mid-Atlantic: 11 %
South: 5 %
Southwest: 1 %
Midwest: 5 %
West: 2 %

Top recruiting organizations for internships, most recent academic year:

Aurora Capital LLC 2
Aetna 2
Citigroup 2
Constellation Brands 2
Daymon Worldwide 2
High Tech Rochester 2
Travelers 3
Brean Murray 2
Deloitte 2
IEC Electronics 3
Tyco 2
Unilever 2
Xerox Corporation 2
Westminster 2
JP Morgan Chase 1

Internships awarded that are paid:

90 %

Weekly internship compensation:

Mean: $ 1,227
Median: $ 1,000

Average internship length in weeks:

SCHOOL COMMENTS

School Comments:

N/A

Graduate Comments

The Simon experience is absolutely top-notch. It is a world-class education, with a small enough group of students that you can really get to know them, the faculty and staff get to know you, and you have ample opportunities to network with and benefit from a dedicated group of successful alumni. The quantitative rigor of the program is excellent preparation for careers in business, and the core courses are geared toward preparing rising talent for today's challenges facing general management. -- Marketing

Despite being small in size, Simon has been able to attract students with very accomplished and diverse educational and professional backgrounds. Combine this student body with the first-class faculty we have in the areas of finance, marketing and operations, any student will receive an education inside and outside of the classroom that is second to none. -- Finance

University of Rochester places great emphasis on research and academics but fails in the one aspect that matters most to students: Finding a competitive JOB!! The recruiters they line up are sub par and the career management center is a joke - they are either lazy or incompetent compared to other schools who rank lower than this school. -- Finance

Simon has excellent professors, and I couldn't imagine getting a better finance education anywhere else, but I'd be hard-pressed to recommend that someone come here unless this was the best (highest ranked) school they could get into. I say that because it's just too hard to get an internship or job in any facet of investment banking (research, sales/trading, investment banking) or asset management coming from Simon. Those who did, including myself, had to work extremely hard to get the positions we did. And, we had to create those opportunities ourselves. Our CMC provided minimal assistance. I'm pretty sure the job and internship search process isn't as hard at schools with higher rankings. -- Investment Banking

The education I received was top notch and the alumni network was very tight-knit and supportive. -- Marketing

The Simon School's class size is small and it allows the students to have a lot of face time with professors and career management staff. Additionally, I am much more capable to tackle real-life business decisions than I was before I began my MBA program. -- Operations

When I speak with friends and colleagues from other top programs, I find that my knowledge of corporate finance is often superior to theirs. Simon has given me the confidence and analytical strength to handle any problem at the corporate level, and I am very glad that I chose to study there. -- Finance

I'm certain that the MBA will have allowed me to progress my career further in the long run than if I had not done it. I also feel much more prepared to enter the workplace and successfully contribute. -- Consulting

Simon School is unable to attract recruiters to its campus for recruitment. Despite the school's proximity to NYC and Boston, the school is relatively unknown to recruiters. Career Services staff at school is ineffective and does not engage potential recruiters actively through the alumni network. Recruitment opportunities are virtually non-existent at the school. Every year, on an average, only 50% of the students are able to secure job placements by the time of graduation. -- Finance

The international diversity, faculty/student interaction, and rigorous academic curriculum is outstanding. -- Finance

While I may not have chosen Simon initially, I can sit here today and say it was the best two years of my life, both academically and professionally. The school taught me the fundamentals of business and then kept challenging me to apply them. In addition, I was given the opportunity to demonstrate my ability to lead others. The ranking of the best business school is not, and should never be about test scores or starting salaries. The measure of a business school should be where its graduates are 5, 10, 15 and 20 years after they graduate. While our alumni base is small, it should be noted that we occupy very senior management positions in some of the largest and most well-respected companies in the world. -- Finance

Small size and exceptional professors allow great learning. Our Career Management Center has ample resources and a very personal staff dedicated to success. My counselor and I developed a relationship in which she nearly cried at both my graduation and my offer. The Dean of our school personally worked with my on developing my network and career path. -- Consulting

One needs to be very proactive, forthcoming, persistent and determined as far as networking and getting job in the industry and role one desires, especially so if you are a career changer. So, I think it is not a school for people who give up early or are distracted with issues like bad economy, lesser alums, etc. Persistence and determination is the key here. -- Consulting

Simon teaches students to think through decisions that will add value to an organization. Plus, Simon has powerful professors who enable and empower students to think economically. Students walk away from Simon with the thinking tools that will help innovate their careers and industry. -- Finance

If my friends or colleagues are interested in studying finance, I don't think there is a better program in the world than Simon. If they are more interested in general management, I would suggest they consider other options. -- Finance

I would advise my friends or colleagues to attend the Simon School. However, due to the large international population, I would warn domestic students that they would be bearing a much heavier workload compared to the international counterparts. -- Accounting

I believe that Simon get you ready for the business world. -- Marketing

The experience at Simon was exactly what I had expected it would be. The class size and faculty accessibility provided for a very unique and personal MBA experience. -- Consulting

I loved my experience here at Simon and I would do it all over again. -- Marketing

Simon School needs to overhaul its career services department. Alumni from Simon School show little to no interest in helping out the school with their contacts within their respective industries. Dean of Simon School is not aggressive in engaging the senior alumni. I would discourage an international student from applying to Simon School because of the incredibly bleak job opportunities. -- Finance