University of North Carolina, Chapel Hill

Program Basics

• • Full-time MBA Program
  • Kenan-Flagler Business School
  • Kenan Drive, CB 3490
  • NC
  • Chapel Hill, 275993490, North Carolina
  • United States
  • Program Web site: http://www.kenan-flagler.unc.edu/programs/mba/index.cfm
  • Status: Public
  • Program e-mail address: mba_info@unc.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 1,009
  • Full-Time MBA: 577
  • Part-Time MBA: 0
  • Executive MBA: 213
  • PhD Program: 59
• • Other graduate degree programs:
    • Master of Accounting

PROGRAM COSTS

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

  • Resident: $54,407.00
  • Nonresident: $103,365.00
  • Recommended annual budget (Resident): $48,946.00
  • Recommended annual budget (Nonresident): $72,828.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Oct 21, 2011
  • Semester: Fall 2012
  • Deadline: Dec 2, 2011
  • Semester: Fall 2012
  • Deadline: Jan 6, 2012
  • Semester: Fall 2012
  • Deadline: Mar 16, 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: Very Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 1,720
  • Applicants who were accepted to the most recent class: 38 %
  • Admitted applicants who enrolled in the newest class: 44 %
  • Applicant interviews are: Recommended
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 47 %
  • Applications from women received: 26 %

CLASS PROFILE

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

  • Female: 25 %
  • International: 32 %

• Students from following regions:

  • Africa: 1 %
  • Asia: 28 %
  • Europe: 2 %
  • North America: 68 %
  • Latin America and the Caribbean: 1 %
  • Oceania: 0 %
  • Dual citizenship: 0 %

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

  • African American: 4 %
  • Asian American: 5 %
  • Hispanic or Latino American: 1 %
  • Multiethnic/Multiracial: 1 %
  • Native American: 1 %
  • White (Non-Hispanic): 51 %
  • Chose not to report: 35 %
  • Other: 1 %

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

  • Northeast: 18 %
  • Mid-Atlantic: 18 %
  • South: 43 %
  • Southwest: 5 %
  • Midwest: 7 %
  • West: 9 %
  • Possessions and territories: 0 %
• • Mean months of work experience of newest entering class: 59
  • Median months of work experience of newest entering class: 53

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

  • From: 27
  • To: 92
• • 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 who applied for financial aid for the current academic year: 77 %
  • Full-time MBAs receiving financial aid in the current academic year: 94 %
  • Mean MBA financial aid package for the current academic year: $36,837.00
  • Median MBA financial aid package for the current academic year: $46,857.00
  • 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: $31,565.00
  • 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? Yes
  • Mean outstanding debt among the most recent graduates from the full-time MBA program: $81,034.00

GMAT

• • Are applicants required to take the GMAT? No
  • Are applicants allowed to submit the GRE? Yes
  • If not, how are applicants' quantitative abilities checked before enrollment? GRE quant section

• GMAT score distribution (applicant pool):

  • 10th Percentile 570
  • 75th Percentile 710
  • 50th Percentile (median) 680
  • 90th Percentile 730
  • 25th Percentile 630
  • Average GMAT Score 661

• GMAT score distribution (incoming class):

  • 25th Percentile 660
  • 10th Percentile 630
  • 75th Percentile 710
  • 90th Percentile 740
  • 50th Percentile (median) 690
  • Average GMAT Score 698

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 72
  • Average number of students in a full-time MBA elective class: 40
  • Elective courses available to full-time MBA students: 115

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

  • Digital Marketing
  • Sustainable Operations
  • Energy Finance
  • Strategic Communication and Social Media
  • Leading from the Middle

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

  • • Consulting
    • Finance
    • Entrepreneurship
    • Marketing
    • Real Estate
    • Supply Chain Management
  • Investment Management

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

  • • MBA/MSIM (Information Management)
    • MBA/MHSA (Health Services Administration)
    • MBA/JD (Law)
• • 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
    • General Management
    • Marketing
    • Consulting
    • Real Estate

FACULTY

• • Faculty employed by the B-school: 111

• Full-time faculty:

  • Tenured: 48
  • Non-Tenured: 63

• Women on Faculty:

  • Tenured: 7
  • Non-Tenured: 18

• Minority Faculty:

  • Tenured: 1
  • Non-Tenured: 1

• International Faculty:

  • Tenured: 11
  • Non-Tenured: 26

• Faculty with PhDs:

  • Tenured: 47
  • Non-Tenured: 52

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
    • Information Technology
    • Investment Banking
    • Media & Entertainment

• 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: 50 %
  • Experiential Learning: 15 %
  • Lectures: 20 %
  • Simulations: 5 %
  • Team Projects: 10 %

TECHNOLOGY

• • Technology improvements in the last three academic years: Renovated student areas w/Internet kiosks; new Admissions and Career systems; upgraded classroom equipment; new Cisco Telepresence and video conferencing
  • Amount spent: $3,000,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 10,261
  • Active MBA alumni clubs: 42
  • Countries in which MBA clubs exist: 14
  • Living MBA alumni who gave in past year: 15 %
  • Mean gift from MBA alumni: $1,120.00
  • 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: $141,775,859.00
  • 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://alumni.unc.edu/
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.kenan-flagler.unc.edu/Alumni/
  • 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: 89 %
  • Graduates not seeking employment: 10 %
  • Graduates for whom you have no information regarding employment: 1 %

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

  • Destination: New York, New York
  • Month: October
  • Amount Paid By School: Partial
  • Destination: New York, New York
  • Month: October
  • Amount Paid By School: Partial
  • Destination: Wayne, New Jersey
  • Month: October
  • Amount Paid By School: Partial
  • Destination: Atlanta, Georgia
  • Month: October
  • Amount Paid By School: Partial
  • Destination: New York, New York
  • Month: October
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 75 %
  • Graduate-facilitated activities: 25 %
  • No information provided by graduate: 0 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 79 %
  • Received first job offer in three months following graduation: 9 %
  • Received first job offer more than 3 months after graduation: 1 %
  • Did not report having received a job offer: 11 %
  • Accepted first job offer by graduation: 74 %
  • Accepted first job offer in three months following graduation: 11 %
  • Accepted first job offer more than 3 months after graduation: 2 %
  • Did not report having accepted a job offer: 13 %

• Top recruiting organizations most recent academic year:

  • Bank of America 18
  • Deloitte Consulting 14
  • Johnson & Johnson 9
  • Barclays Capital 6
  • Delta Airlines 4
  • Goldman Sachs 4
  • Boston Consulting Group 3
  • American Express 3
  • Ernst & Young 3
  • Deutsche Bank 3
  • Intel 3
  • Lenovo 3
  • PriceWaterhouseCoopers 3
  • Scott Madden 3
  • BB&T 3
• • Job-accepting graduates who received a signing bonus: 12 %

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

  • Mean base salary: $99,627.00
  • Median base salary: $100,000.00
  • Mean signing bonus: $19,886.00
  • Median signing bonus: $20,000.00
  • Mean other guaranteed compensation: $14,150.00
  • Median other guaranteed compensation: $12,100.00

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

  • Consulting: 16 %
  • Finance/Accounting: 32 %
  • General Management: 13 %
  • Human Resources: 2 %
  • Marketing/Sales: 18 %
  • Management Information Systems: 1 %
  • Operations/Logistics: 2 %
  • Other: 16 %

• Graduating students who accepted jobs in the following industries:

  • Government: 0 %
  • Consulting: 14 %
  • Consumer Products: 8 %
  • Financial Services: 34 %
  • Manufacturing: 3 %
  • Media/Entertainment: 2 %
  • Non-Profit: 0 %
  • Petroleum/Energy: 4 %
  • Pharmaceutical/Biotechnology/Health Care: 7 %
  • Real Estate: 8 %
  • Technology: 11 %
  • Other: 8 %

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

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

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

  • Northeast: 22 %
  • Mid-Atlantic: 15 %
  • South: 40 %
  • Southwest: 4 %
  • Midwest: 5 %
  • West: 6 %
  • Possessions and territories: 0 %

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

  • Bank of America 11
  • Johnson & Johnson 8
  • Deloitte Consulting 7
  • Barclays Capital 7
  • Procter & Gamble 6
  • American Express 5
  • CSE Consulting 4
  • Darden Restaurants 4
  • AT&T 4
  • Quintiles Transnational 3
  • IBM 3
  • JPMorgan 3
  • McKinsey & Company 3
  • Intel 2
  • Hershey 2
• • Internships awarded that are paid: 76 %

• Weekly internship compensation:

  • Mean: $1,594.00
  • Median: $1,500.00
• • Average internship length in weeks: 10

• • -UNC's Kenan-Flagler Business School is very competitive but not at each other's expense. That is why I chose to attend the Kenan-Flagler Business School and turned down three other acceptances. Students here help each other and this has been particularly useful during this economy. We are about excellence and loyalty and these two qualities is what makes Kenan-Flagler a great school.
    
    -I have loved my experience here at UNC Kenan-Flagler. What really differentiates the school for me is the community and how close we have all become. During the recruiting process it did not feel as if it was me versus the rest of my classmates. We all worked hard together and celebrated each other's successes and pitched in support or contacts if someone was struggling. For the most part, my professors were world class and provided us with great support and leading edge instruction. The CMC did a great job of giving us the tools we needed to be successful while allowing us to take control of our career search--exactly the right balance that an MBA career center should strike in my opinion.
    
    -Kenan-Flagler's entrepreneurship program has to be one of the best in the country--the classes, resources, professors, connection to the Research Triangle and supporting incubator (Launching the Venture) all are top-notch.
    
    -I think UNC Kenan-Flagler is great for certain people: under 30, planning to go into real estate, finance, sustainable enterprise, or marketing, and wanting to do a lot of team projects in the program. It's also good if they want to stay on the east coast, especially the south.
    
    -I wouldn't recommend this program for career-switchers, as the Career Management Center offers little help.
    
    -It has an outstanding faculty and the new leadership immersion course is not only unique but also provides outstanding learning experiences. The school also has great infrastructure available not only in the main campus but also off it (Rizzo Conference Center). It has many course offerings (eight different concentrations) and an large and very supportive alumni network.
    
    -Coming from the military, I understand the impact that extraordinary leadership can have within an organization. I have been incredibly impressed and surprised with the leadership advancements that I have made through this program, and believe that others could benefit from education in this area also. Kenan-Flagler not only understands the importance of academic excellence, but believes that you can't be exceptional in the business world without being a leader first. By pairing leadership with academics, it is truly a top-notch well rounded program that has prepared me for success in the business world.
    
    -UNC's Kenan-Flagler Business School offers the unique combination of top-notch academics, an idyllic setting, a collegial environment, and excellent job placement services. The school's unparalleled collegiality differentiates it from most of its peers in that students form lasting, collaborative relationships from the outset. Rather than setting a competitive tone, the faculty and staff establish a community centered on team-based, collaborative initiatives centered around the school's five core values of excellence, leadership, integrity, community, and teamwork.
    
    -I am very satisfied with everything except the location. I never knew that location played such an important role in job search. Being in North Carolina, the South Atlantic region must be a desired region to work at graduation. My off-campus search is somewhat harder than my peers, as I have to fly to New York and San Francisco even for informational interviews.
    
    -There is a serious lack of diversity in Kenan-Flagler's staff/faculty. There is only one African American faculty member, and his area of expertise is so focused that is is likely to graduate without having a single non-white/Asian professor. Surely there are more diverse teaching candidates out there?
    
    -Kenan-Flagler offers an MBA experience with about 30 percent fewer jerks than seems typical. I carefully picked and chose my activities, which led to a more rewarding experience for me and allowed me to get involved with some things I actually care about (economic development) and to ignore things I didn't care about (trooping around overseas w/ a hoard of MBAs).
    
    -The level of support that I have seen from the UNC alumni network has been incredible. I truly feel that there cannot be many schools that hold such a strong and committed alumni base that are willing to literally open their contact lists and help you find an internship or a job when their company is not hiring.