FULL-TIME MBA Profiles Publish Date 11/13/08

University of Rochester

Simon Graduate School of Business

Getting In

PROGRAM BASICS

Full-Time MBA Program

Simon Graduate School of Business

305 Schlegel Hall
Rochester , New York 14627

Program Web site:

http://www.simon.rochester.edu

Status:

Private Institution

Program e-mail address:

admissions@simon.rochester.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

Full-time MBA: 1958
Part-time MBA : 1958
Executive MBA: 1966
PhD program: 1958

PROGRAM COSTS

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

Resident : $ 80,010
Nonresident : $ 80,010
Recommended annual budget (Resident): $ 57,788
Recommended annual budget (Nonresident): $ 57,788

PROGRAM LENGTH

Full-time program (months):

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 908
Full-time MBA: 350
Part-time MBA: 221
Executive MBA: 118

PhD program: 49
MS: 156
MSA: 14

Graduate degree programs:

Master of Accounting

Other graduate degree programs:

Master of Science in Business Adminstration with concentrations in Medical Management, Finance, General Management, Info Systems Management, Manufacturing Management, Service Management, Technology Transfer and Marketing.

ADMISSIONS

Application Deadlines

October 15, 2008 November 20, 2008 January 5, 2009 March 20, 2009

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

Other: N/A

Minimum paper-based TOEFL score required for MBAs:

n/a

Relative importance: 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:

932

Applicants who were accepted to the most recent class:

30 %

Admitted applicants who enrolled in the newest class:

42 %

Applicant interviews are:

By invitation only

Applicants (admitted and denied) who were interviewed:

61 %

Admitted applicants who were interviewed:

100 %

APPLICANT POOL

Applications from women received:

27 %

CLASS PROFILE

Full-time students in newest entering class (2008-2009) that are:

Female: 33 %
International: 55 %
Married: 23 %

Ethnicity/US Students in Program

African American: 13 %
Asian American: 15 %
Hispanic or Latino American: 13 %
White (Non-Hispanic): 52 %
Chose not to report: 7 %

Students from following regions:

Africa : 3 %
Asia: 38 %
Eastern Europe and Central Asia: 3 %
Latin America and the Caribbean: 9 %
Middle East: 0 %
North America: 44 %
Western Europe: 3 %

Entering North American citizens by region:

Northeast: 69 %
Mid-Atlantic: 14 %
South: 2 %
Southwest: 0 %
Midwest : 8 %
West: 8 %
Possessions and territories: 0 %

Mean months of work experience of newest entering class:

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

From: 4
To: 110

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 through school:

83 %

On what basis are scholarships awarded?

financial need

academic merit

some other criteria

How does an applicant apply for scholarship consideration?

As part of the admissions application

Mean scholarships awarded to full-time MBAs in the previous academic year:

$ 11,916

Percentage of second-year students receiving the same or more amount of money in their second year of study:

100 %

Does the school offer a guaranteed loan to all MBAs regardeless of nationality?

GMAT

Applicants required to take the GMAT?

Yes

If not, how are applicants' quantitative abilities checked before enrollment?

n/a

Mean : 675
Median: 690

Middle 80% range GMAT scores:

From: 600
To: 730

Academics & Lifestyle

CLASS OFFERINGS

Average students in a full-time MBA core class:

Average students in a full-time MBA elective class:

Elective courses available to full-time MBA students:

105

Electives that have been added to the full-time program since June 30, 2008:

ACC 433 Advanced Business Law
HSM 450 Medical Management Economics Accounting Prime
GBA 491 Advanced Pricing Course
ENT 425 New Venture Management
CIS 461 Strategy & Business Systems Consulting

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

2007

Concentrations and specializations offered to full-time MBA students:

Accounting

E-commerce

Economics

Entrepreneurship

Finance

General Management

Health Care Administration

International Business

Management Information Systems

Marketing

Operations Management

Strategy

Supply Chain Management

Joint-degree programs offered to full-time MBAs:

MBA/MD (Medicine)

Other

FACULTY

Faculty employed by the B-school:

Full-time faculty

Tenured: 19
Non-Tenured: 33

Adjunct/Visiting Faculty

Tenured: 0
Non-Tenured: 16

Women on Faculty

Tenured: 0
Non-Tenured: 9

Minority Faculty

Tenured: 0
Non-Tenured: 0

International Faculty

Tenured: 4
Non-Tenured: 15

Faculty with PhDs

Tenured: 18
Non-Tenured: 23

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

Networking clubs available to full-time MBA students:

Black MBA Association

Hispanic Student Organization

Partners/Family

Volunteer

Wine

Women in MBA

TEACHING/ACADEMICS

Teaching methods used

Case study: 50 %
Lecture: 30 %
Team Project: 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

Is there a wireless network in main B-school buildings?

Yes

Technology improvements in the last three academic years:

During the past few years we have launched a new web site and created a new private social networking site called Simon Exchange for students. In the coming year, we are launching a private social network site for Alumni.

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

10,365

Active MBA alumni clubs

Countries in which MBA clubs exist

Living MBA alumni who gave in past year:

11 %

Mean gift from MBA alumni:

$ 603

Median gift from MBA alumni

$ 100

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

Business School Endowment

$ 86,809,000

Does the main university offer career placement services for alumni?

Does the main university have an alumni networking Web site?

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

http://www.simon.rochester.edu/alumni/index.aspx

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 76 %
Graduates not seeking employment: 15 %
Graduates for whom you have no information regarding employment: 9 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 8.8 %
Percentage who were continuing their education (after graduation): 3.1 %
Percentage who were postponing their job search: 1.3 %
Percentage who were starting their own business(es) : 0 %
Percentage who were not seeking employment for other reasons: 1.3 %

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

Destination: New York City
Month: September
Amount Paid By School: None
Destination: New York City
Month: January
Amount Paid By School: None
Destination: Boston
Month: February
Amount Paid By School: None
Destination: Washington DC
Month: March
Amount Paid By School: None

Primary Source of Job Offer

School-facilitated activities: 61 %
Graduate-facilitated activities: 39 %

Job Offers for 2008 graduates:

Received first job offer by graduation: 80 %
Received first job offer in three months following graduation: 12 %
Received first job offer more than 3 months after graduation: 1 %
Did not report having received a job offer: 7 %

Top recruiting firms and the number of full-time MBAs hired in the past 12 months:

	Deloitte Touche Tomatsu		5
	Citigroup Inc.		4
	Goldman Sachs Group		4
	JPMorgan Chase & Co.		2
	Merrill Lynch		2

	Johnson & Johnson		4
	M&T Bank		3
	Samsung		3
	CIGNA		2
	Travelers		2
	Bank of Nova Scotia		2
	Reckitt Benkiser		2
	Excellus BC/BS		2

Job-accepting graduates who received a signing bonus:

73 %

Mean and median base salary, signing bonuses and other compensation for most recent employed graduates:

Mean base salary for most recent graduates: $ 83,484
Median base salary for most recent graduates: $ 88,000
Mean signing bonus for most recent graduates: $ 18,712
Median signing bonus for most recent graduates: $ 17,000
Mean other guaranteed compensation for most recent graduates: $ 14,639
Median other guaranteed compensation for most recent graduates: $ 9,100

Graduating students who accepted jobs in the following functional areas:

Consulting: 17 %
Finance/Accounting: 44 %
General Management: 7 %
Human Resources: 0 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 19 %
Management Information Systems (MIS): 0 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 5 %
Other: 8 %

Graduating students who accepted jobs in the following industries:

Government (Federal, State, Local, Military): 0 %
Consulting: 17 %
Consumer Products: 13 %
Financial Services: 43 %
Manufacturing: 7 %
Media/Entertainment: 0 %
Non-Profit: 0 %
Petroleum/Energy: 3 %
Pharmaceutical/Biotechnology/Health care Products: 7 %
Real Estate: 0 %
Technology: 0 %
Other: 10 %

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

Africa: 0 %
Asia: 11 %
Eastern and Central Europe and Central Asia: 2 %
Latin America and the Caribbean: 1 %
Middle East: 0 %
North America: 86 %
Oceana: 0 %
Western Europe: 0 %

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

Northeast: 62 %
Mid-Atlantic: 6 %
South: 4 %
Southwest: 0 %
Midwest: 8 %
West: 6 %
Possessions and territories: 0 %
Canada: 0 %

Top Companies - Internships:

	Xerox		6
	Goldman Sachs Group		6
	Citigroup Inc.		4
	Exxon Mobil Corp.		3
	Deloitte Touche Tomatsu		2
	Lehman Bros.		2

	M&T Bank		2
	Novartis		2
	Kraft Foods		2
	Constellation		6
	Daymon		2
	Diablo Management		4
	Aleutia Capital		2
	Forrest Laboratories		2

Mean and median intern compensation per week:

Mean : 1,296
Median: 1,463

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