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

University of North Carolina-Chapel Hill

Kenan-Flagler Business School

Getting In

PROGRAM BASICS

Full-Time MBA, UNC's Kenan-Flagler Business School

Kenan-Flagler Business School

CB 3490, McColl Building
Kenan Drive
Chapel Hill , North Carolina 27599-3490

Program Web site:

http://www.kenan-flagler.unc.edu/Programs/MBA/

Status:

Public Institution

Program e-mail address:

mba_info@unc.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

Full-time MBA: 1952
Undergraduate business program: 1919
Executive MBA: 1986
Executive Education (non-degree): 1954
PhD program: 1928

PROGRAM COSTS

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

Resident : $ 43,503
Nonresident : $ 81,401
Recommended annual budget (Resident): $ 43,708
Recommended annual budget (Nonresident): $ 63,232

PROGRAM LENGTH

Full-time program (months):

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 1086
Full-time MBA: 562
Part-time MBA: 0
Distance MBA: 0
Executive MBA: 354

PhD program: 51
Doctorate of Business Administration: 0
MS: 0
MSA: 0
Other: 119

Undergraduate business school enrollment

637

Graduate degree programs:

Master of Accounting

Other graduate degree programs:

N/A

ADMISSIONS

Application Deadlines

Oct 24, 2008 Dec 5, 2008 Jan 9, 2009 Mar 13, 2009

Does the program have rolling admissions?

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 Computer Based

TOEFL Internet Based Test

TOEFL Paper-based Test

Other: N/A

Minimum paper-based TOEFL score required for MBAs:

600

Relative importance: Application Elements

GMAT Score:

Very Important

Resume/Work Experience:

Very Important

Application Essays:

Important

Interviews:

Very Important

Recommendations:

Important

Undergraduate Transcripts:

Important

APPLICANTS

Applications (admitted and denied) to the newest class:

2060

Applicants who were accepted to the most recent class:

34 %

Admitted applicants who enrolled in the newest class:

40 %

Applicants who were re-applicants from prior years:

3 %

Percentage of this year's reapplicants accepted:

35 %

Applicants wait-listed during the last admissions cycle:

395

Wait-listed applicants admitted for the semester to which they applied:

Applicant interviews are:

Recommended

Applicants (admitted and denied) who were interviewed:

94 %

Admitted applicants who were interviewed:

100 %

APPLICANT POOL

International applications received:

43 %

Applications from women received:

26 %

Mean base salary forgone:

$ 50,433

Median base salary forgone:

$ 50,000

CLASS PROFILE

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

Female: 32 %
International: 32 %

Ethnicity/US Students in Program

African American: 6 %
Asian American: 5 %
Hispanic or Latino American: 4 %
Multiethnic/Multiracial : 1 %
Native American: 0 %
White (Non-Hispanic): 44 %
Chose not to report: 6 %
Other: 2 %

Students from following regions:

Africa : 1 %
Asia: 22 %
Eastern Europe and Central Asia: 3 %
Latin America and the Caribbean: 6 %
Middle East: 1 %
North America: 65 %
Oceania : 0 %
Western Europe: 1 %
Percentage of students with dual citizenship: 1 %

Entering North American citizens by region:

Northeast: 14 %
Mid-Atlantic: 20 %
South: 44 %
Southwest: 4 %
Midwest : 10 %
West: 8 %
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: 34
To: 96

Median age of entering class:

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 applied for financial aid for the current academic year:

69 %

Full-time MBAs receiving financial aid through school:

75 %

Mean MBA financial aid package for the current academic year:

$ 43,838

Median MBA financial aid package for the current academic year:

$ 46,872

On what basis are scholarships awarded?

academic merit

Full-tuition scholarships school will award during the upcoming academic year:

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:

$ 27,638

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?

Yes

If so, what is the maximum amount a student can borrow per year?

$ 46,440

Mean outstanding debt among the most recent graduates from the full-time MBA program:

$ 68,898

GMAT

Applicants required to take the GMAT?

Yes

Mean : 678
Median: 690

Middle 80% range GMAT scores:

From: 590
To: 750

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:

120

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

Real Estate Law
Environmental Strategy
Quantitative Methods in Finance
Retail Operations
Sustainable Design

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

2008

Concentrations and specializations offered to full-time MBA students:

Consulting

Entrepreneurship

Finance

Marketing

Portfolio Management

Real Estate

Supply Chain Management

Other: Sustainable Enterprise

Joint-degree programs offered to full-time MBAs:

MBA/JD (Law)

Other

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

FACULTY

Faculty employed by the B-school:

112

Full-time faculty

Tenured: 50
Non-Tenured: 62

Adjunct/Visiting Faculty

Tenured: 1
Non-Tenured: 21

Women on Faculty

Tenured: 5
Non-Tenured: 24

Minority Faculty

Tenured: 1
Non-Tenured: 2

International Faculty

Tenured: 7
Non-Tenured: 34

Faculty with PhDs

Tenured: 51
Non-Tenured: 36

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

10 %

Faculty who have owned their own business:

15 %

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Finance

Information Technology

Marketing

VC/ Private Equity

Other

Networking clubs available to full-time MBA students:

Black MBA Association

Gay/Lesbian/Bisexual

International Club

Partners/Family

Wine

Women in MBA

Other

TEACHING/ACADEMICS

Teaching methods used

Case study: 35 %
Experiential Learning: 15 %
Lecture: 20 %
Simulations: 10 %
Team Project: 20 %

Requirements for graduation:

Students must have attended a minimum number of classes

Other

Additional graduation requirements:

Teamwork, Leadership, Integrative Exercises

TECHNOLOGY

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

Yes

Technology improvements in the last three academic years:

All student areas have been completely renovated. Technology was added to each of the 24 new study rooms to allow for student collaboration. A new student computer lab with a full multi-media editing station was completed. The new Capital Markets Lab (opened in Aug. 2008) provides students with the latest in technology to assist in their learning and decision making. Full wireless access and on-site support of personal laptops continues for all students.

Amount spent:

$ 300,000

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

8,966

Active MBA alumni clubs

Countries in which MBA clubs exist

Living MBA alumni who gave in past year:

15 %

Mean gift from MBA alumni:

$ 3,109

Median gift from MBA alumni

$ 125

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

Business School Endowment

$ 158,239,000

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://alumni.unc.edu/article.aspx?sid=189

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

http://www.kenan-flagler.unc.edu/Alumni/

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 90 %
Graduates not seeking employment: 9.6 %
Graduates for whom you have no information regarding employment: 0.7 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 3.6 %
Percentage who were continuing their education (after graduation): 0 %
Percentage who were postponing their job search: .7 %
Percentage who were starting their own business(es) : 3.9 %
Percentage who were not seeking employment for other reasons: 1.4 %

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

Destination: New York/New Jersey Marketing Club Trek
Month: October
Amount Paid By School: none
Destination: Wall Street Finance Club Trek
Month: October
Amount Paid By School: none
Destination: Atlanta Consulting Club Trek
Month: October
Amount Paid By School: none
Destination: Charlotte Finance Club Trek
Month: October
Amount Paid By School: none
Destination: Atlanta General Management Club Trek
Month: December
Amount Paid By School: none

Primary Source of Job Offer

School-facilitated activities: 84 %
Graduate-facilitated activities: 15 %
No information provided by graduate: 1 %

Companies that recruited second-year MBAs on campus in 2007-08:

N/A

Companies that posted full-time job offers for MBAs on the school's job boards in 2007-08:

335

Job Offers for 2008 graduates:

Received first job offer by graduation: 82 %
Received first job offer in three months following graduation: 5 %
Received first job offer more than 3 months after graduation: 1 %
Did not report having received a job offer: 12 %

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

	Bank of America Corp.		18
	McKinsey & Company		5
	Intel		4
	American Express		3
	Citigroup Inc.		3
	JPMorgan Chase & Co.		3
	Boston Consulting Group		3
	International Bus. Machines		2
	Morgan Stanley		2
	Eli Lilly		4
	Johnson & Johnson		3

	Deloitte Consulting		11
	DuPont		3
	BB&T Corp.		3
	Scott Madden		3

Job-accepting graduates who received a signing bonus:

59 %

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

Mean base salary for most recent graduates: $ 95,647
Median base salary for most recent graduates: $ 95,000
Mean signing bonus for most recent graduates: $ 22,578
Median signing bonus for most recent graduates: $ 20,000
Mean other guaranteed compensation for most recent graduates: $ 14,374
Median other guaranteed compensation for most recent graduates: $ 10,000

Graduating students who accepted jobs in the following functional areas:

Consulting: 19 %
Finance/Accounting: 45 %
General Management: 4 %
Human Resources: 3 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 19 %
Management Information Systems (MIS): 0 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 2 %
Other: 8 %

Graduating students who accepted jobs in the following industries:

Government (Federal, State, Local, Military): 1 %
Consulting: 17 %
Consumer Products: 6 %
Financial Services: 30 %
Manufacturing: 1 %
Media/Entertainment: 1 %
Non-Profit: 1 %
Petroleum/Energy: 2 %
Pharmaceutical/Biotechnology/Health care Products: 13 %
Real Estate: 9 %
Technology: 10 %
Other: 9 %

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

Africa: 0 %
Asia: 4 %
Eastern and Central Europe and Central Asia: 0.5 %
Latin America and the Caribbean: 1.5 %
Middle East: 0 %
North America: 93 %
Oceana: 0 %
Western Europe: 1 %

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

Northeast: 21 %
Mid-Atlantic: 15 %
South: 34 %
Southwest: 4 %
Midwest: 8 %
West: 7 %
Possessions and territories: 0 %
Canada: 0 %

Companies that recruited MBAs for internships on campus in 2007-08:

N/A

Companies that posted internships for MBAs on school job boards in 2007-08:

131

Top Companies - Internships:

	Bank of America Corp.		13
	American Express		5
	International Bus. Machines		5
	Lehman Bros.		5
	Morgan Stanley		5
	Citigroup Inc.		4
	JPMorgan Chase & Co.		4
	McKinsey & Company		3
	Johnson & Johnson		9
	Kraft		4

	Deloitte Consulting		9
	Wachovia Securities		7
	DuPont		4
	Hanesbrands Inc.		4
	Hershey Co.		4

Internships awarded that are paid:

98 %

Mean and median intern compensation per week:

Mean : 1,454
Median: 1,500

Average internship length in weeks:

SCHOOL COMMENTS

School Comments:

N/A

Graduate Comments

The faculty is awesome. I learned a lot, and they were patient in helping students understand the course. -- Finance

I viewed the MBA program as a two-year hiatus, a chance to get a practical business education, and a way to re-invent my career track. In that sense, Kenan-Flagler has been well worth it. -- Marketing

Before coming to Kenan-Flagler, I thought it was a place where students, faculty and administration actively supported one another. When I arrived, I found that faculty didn't actively interact with students, the administration seemed indifferent to student career concerns, and second-year students fed information to their employers about first-year students who they thought were promising. -- Finance

Our relatively small class size provides a lot of opportunities for students to take on leadership roles. Also, you get to know everyone, and there's a great collaborative environment. -- Marketing

I was coming in as an English teacher and was expecting something completely different; among the non-profit set, going into finance is practically going to the dark side. But the teachers at UNC showed me how challenging and interesting real business problems could be, and I found ways I could use my new skills to help people and businesses. -- Finance

I was highly surprised at the quality of the professors at a "state" school. I completed my undergrad at an Ivy League, and the professors at UNC were as good or better as any I had during undergrad. -- Consulting

UNC is a very good brand, especially on the East Coast, and the school benefits from that. It is an old school, and it has tons of alumni spread all over, resulting in diversity in job opportunities. -- Finance

Overall, the program was avery balanced, with a good amount of group work and individual work, case study and lecture, etc. -- Finance

Kenan-Flagler's faculty, staff, and students are incredibly supportive. Each will go out of his/her way to help fellow colleagues, whether it is with personal pursuits, the job hunt, or academic studies. -- Consulting

The facilities have been appropriately upgraded based on student feedback, and the program office is quick to take action when problems arise. It's all you can ask for in an MBA program. -- Consulting

I would advise people over 35 to think twice before joining the full-time MBA program. I have seen some of my classmates struggle getting a job either because they are over qualified or the companies think they are too old to be groomed the company wants them groomed. -- Consulting

Kenan-Flagler students tend to have an easy-going nature and a rare combination of external competitiveness (i.e. with other business schools) and internal cooperation (with other Kenan-Flagler students). I enjoyed the sense of pride we shared in the school, but also liked that we weren't uber-competitive in classes, which made for a more enjoyable learning environment. -- Operations

I know that whatever I want to do in life, my connections and education at Kenan-Flagler will help me. I never would have imagined tripling my income in two years, or going into finance, or learning to love solving business problems. I can't say enough good things about Kenan-Flagler, both in my personal and academic experience. -- Finance

There was lots of interaction between first- and second-year students, which I believe is lacking in other schools. -- Investment Banking

If there is a downside to the school, it's that we are overly team focused and lack enough willingness to "own" our individual contributions. -- Consulting

U.S. schools bring in international students to sell "diversity" to U.S. students, but they don't provide adequate career opportunities to us. As an international student, I felt that my opportunities were very limited because of sponsorship. At the same time, it is very difficult to afford education at a top U.S. school on your own savings. -- Consulting

Chapel Hill is one of the best places for family and kids. My wife and daughter enjoy their lives in a safe and calm town. My wife always tells me, "I am very happy to be here. I don't want to go back to Japan.� -- Operations