Program Basics

• • Full-time MBA
  • Schools of Business
  • Worrell Professional Center, Room 3208
  • 1834 Wake Forest Rd.
  • Winston-Salem, 27106, North Carolina
  • United States
  • Program Web site: http://business.wfu.edu/
  • Status: Private
  • Program e-mail address: busadmissions@wfu.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 640
  • Full-Time MBA: 120
  • Part-Time MBA: 236
• • Other graduate degree programs:
    • Master of Accounting
    • Other
  • Master of Arts in Management

PROGRAM COSTS

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

  • Resident: $79,228.00
  • Nonresident: $79,228.00
  • Recommended annual budget (Resident): $58,364.00
  • Recommended annual budget (Nonresident): $58,364.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Apr 15, 2012
• • 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? Yes

• Which English language proficiency tests are accepted?

  • • 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: Important
  • Interviews: Very Important
  • Recommendations: Important
  • Undergraduate Transcripts: Important

APPLICANTS

• • Applicant interviews are: By invitation only
  • Applicants (admitted and denied) who were interviewed: 61 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 46 %
  • Applications from women received: 22 %
  • Mean base salary forgone: $47,968.00
  • Median base salary forgone: $45,000.00

CLASS PROFILE

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

  • Female: 25 %
  • International: 20 %
  • Married: 20 %

• Students from following regions:

  • Asia: 19 %
  • North America: 79 %
  • Latin America and the Caribbean: 2 %

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

  • African American: 4 %
  • Asian American: 4 %
  • Multiethnic/Multiracial: 2 %
  • White (Non-Hispanic): 88 %
  • Chose not to report: 2 %

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

  • Northeast: 10 %
  • Mid-Atlantic: 19 %
  • South: 49 %
  • Southwest: 12 %
  • Midwest: 6 %
  • West: 4 %
• • Mean months of work experience of newest entering class: 54
  • Median months of work experience of newest entering class: 50

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

  • From: 23
  • To: 88
• • Median age of entering class: 27
  • Mean age of entering class: 28

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • Full-time MBAs who applied for financial aid for the current academic year: 100 %
  • Full-time MBAs receiving financial aid in the current academic year: 85 %
  • Mean MBA financial aid package for the current academic year: $40,686.00
  • Median MBA financial aid package for the current academic year: $46,000.00
  • On what basis are scholarships awarded?
    • academic merit
  • How does an applicant apply for scholarship consideration? all candidates are considered for scholarship
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $24,970.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 86 %
  • 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: $49,689.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? Yes

• GMAT score distribution (applicant pool):

  • 50th Percentile (median) 640
  • 10th Percentile 530
  • 25th Percentile 590
  • 90th Percentile 700
  • 75th Percentile 680
  • Average GMAT Score 625

• GMAT score distribution (incoming class):

  • 90th Percentile 700
  • Average GMAT Score 651
  • 25th Percentile 630
  • 50th Percentile (median) 650
  • 10th Percentile 581
  • 75th Percentile 683

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 32
  • Average number of students in a full-time MBA elective class: 17
  • Elective courses available to full-time MBA students: 64

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

  • Business Analytics
  • Healthcare Operations
  • Strategic Innovation in Healthcare
  • Healthcare Finance
  • Healthcare Issues, Opportunities & Reform

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

  • • Consulting
    • Finance
    • Entrepreneurship
    • General Management
    • Marketing
    • Health Care Administration
    • Operations Management
  • Independently Designed Concentration

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

  • • MBA/MS (Science)
    • MBA/JD (Law)
    • MBA/MD (Medicine)
• • 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
    • Marketing
    • Health Care Administration
    • Consulting
    • Operations Management

FACULTY

• • Faculty employed by the B-school: 103

• Full-time faculty:

  • Tenured: 43
  • Non-Tenured: 19

• Adjunct/Visiting Faculty:

  • Tenured: 3
  • Non-Tenured: 38

• Women on Faculty:

  • Tenured: 8
  • Non-Tenured: 22

• Minority Faculty:

  • Tenured: 6
  • Non-Tenured: 3

• International Faculty:

  • Tenured: 1
  • Non-Tenured: 3

• Faculty with PhDs:

  • Tenured: 45
  • Non-Tenured: 31

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Business Law
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Finance
    • Marketing
    • VC/ Private Equity
    • Manufacturing

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • International Club
    • Partners/Family
    • Women in MBA
    • Other
    • Volunteer
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 40 %
  • Experiential Learning: 20 %
  • Lectures: 15 %
  • Simulations: 5 %
  • Team Projects: 20 %

• Requirements for graduation:

  • • Students must have earned a pre-determined GPA/Letter grade average
    • Other
  • Students must successfully complete 65.5 total credit hours

TECHNOLOGY

• • Technology improvements in the last three academic years: Wake Forest University is the first higher education school in the country to provide students a WebEx client for anytime, anywhere collaboration and free audio conferencing. Other new offerings: a website for students to assess, plan and track their career development; classroom recorders which capture HD video; Sakai (Learning Management System); and access to Citrix’s XenApp server to assist Apple users with access to virtualized Windows applications.
  • Amount spent: $1,457,455.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 7,004
  • Active MBA alumni clubs: 74
  • Countries in which MBA clubs exist: 7
  • Living MBA alumni who gave in past year: 18 %
  • Mean gift from MBA alumni: $2,360.00
  • Median gift from MBA alumni: $100.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? Yes
  • Business School endowment: $71,546,442.00
  • 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://www.wfu.edu/alumni/
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://business.wfu.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: 94 %
  • Graduates not seeking employment: 6 %

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

  • Destination: National Black MBA Association
  • Month: October
  • Amount Paid By School: Partial
  • Destination: National Society of Hispanic MBAs
  • Month: October
  • Amount Paid By School: Partial
  • Destination: New York, NY
  • Month: December
  • Amount Paid By School: Partial
  • Destination: Atlanta, GA
  • Month: January
  • Amount Paid By School: Partial
  • Destination: Greenville, SC
  • Month: January
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 70 %
  • Graduate-facilitated activities: 30 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 80 %
  • Received first job offer in three months following graduation: 18 %
  • Received first job offer more than 3 months after graduation: 2 %
  • Accepted first job offer by graduation: 72 %
  • Accepted first job offer in three months following graduation: 19 %
  • Accepted first job offer more than 3 months after graduation: 2 %
  • Did not report having accepted a job offer: 7 %

• Top recruiting organizations most recent academic year:

  • Bank of America 4
  • Ernst & Young 4
  • FedEx 3
  • Hanesbrands Inc. 3
  • Lowe’s Cos. 3
  • Frito-Lay 2
  • Pepsi 2
  • AT&T 1
  • Booz Allen Hamilton 1
  • CIGNA 1
  • DISH Network 1
  • PACCAR 1
  • Volvo Trucks 1
  • CROSSMARK 1
  • ScottMadden 1
• • Job-accepting graduates who received a signing bonus: 69 %

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

  • Mean base salary: $80,740.00
  • Median base salary: $80,000.00
  • Mean signing bonus: $13,597.00
  • Median signing bonus: $15,000.00
  • Mean other guaranteed compensation: $8,388.00
  • Median other guaranteed compensation: $8,000.00

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

  • Consulting: 19 %
  • Finance/Accounting: 29 %
  • General Management: 8 %
  • Human Resources: 1 %
  • Marketing/Sales: 28 %
  • Management Information Systems: 4 %
  • Operations/Logistics: 10 %
  • Other: 1 %

• Graduating students who accepted jobs in the following industries:

  • Consulting: 19 %
  • Consumer Products: 25 %
  • Financial Services: 23 %
  • Manufacturing: 4 %
  • Media/Entertainment: 2 %
  • Non-Profit: 2 %
  • Pharmaceutical/Biotechnology/Health Care: 7 %
  • Real Estate: 4 %
  • Technology: 2 %
  • Other: 12 %

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

  • Asia: 4 %
  • North America: 96 %

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

  • Northeast: 2 %
  • Mid-Atlantic: 8 %
  • South: 74 %
  • Southwest: 14 %
  • West: 2 %

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

  • Bank of America 4
  • EDF 3
  • Cook Medical 2
  • Ernst & Young 2
  • Hanesbrands 2
  • ISP 2
  • Oshkosh 2
  • Pike Electric 2
  • Scotia Capital 2
  • Baptist Hospital 2
  • AstraZeneca ACTRIA
  • 1 BB&T
  • BBDO 1
  • BMW 1
• • Internships awarded that are paid: 100 %
• • Average internship length in weeks: 10

• • -Wake Forest's MBA program has it all: small program but great education, professors who really make an effort to get to know the students, opportunities for leadership, numerous chances to go abroad (international trip and working with Project Nicaragua).
    
    -Wake appears to be in a rebuilding phase. Are we Babcock or the Schools of Business. IT investments and improvements to the school have been delayed in the hopes of a new building. Much of our two years here was in classes with temporary under-qualified adjunct professors. I expect Wake to be great soon, but currently they need to figure out what the school stands for and what they want to be when they grow up.
    
    -My school was in the southeast and I'm from the northeast. My school is considered a regional school, so if my friends from the northeast wanted to go there, I would warn them that most of the jobs my classmates landed were in the southeast. Big firms from NYC and Boston don't recruit there, so it's harder to go back to NYC or Boston with a job offer in hand at graduation. If my friends wanted to stay in the south, then I would recommend the school.
    
    -Students seek out a place like Wake Forest because of its strong community, commitment to academics, and ability to get deeply engaged in student activities and leadership opportunities. I have already encouraged several friends to attend Wake Forest because it is a great value for the cost and a high-class education.
    
    -While I appreciate Wake Forest's small class size and intimate learning atmosphere, in retrospect I would have appreciated a more diverse student body. The program needs to attract and retain more women, students of color, and international students.
    
    -Intense teamwork and a heavy workload are excellent preparation for what lies ahead. I also appreciate the dedication of the faculty to helping students learn and reach their potential.
    
    -I was able to accomplish all of my goals for employment coming out of Wake Forest, and received an amazing education and strong group of contacts. Because of the size of the school, I was able to know everyone on a very personal basis, which will make it easier to utilize these contacts going forward.
    
    -I believe that the MBA program at Wake Forest provides students with a high quality academic education while also enabling them to participate in a number of extracurricular activities, such as service-learning trips, international travel, clubs, etc. This holistic approach to an MBA program is one that is often sought out by many prospective students. Furthermore, the school does a good job of career coaching, and mentoring students through the process of seeking both an internship and a full-time position after graduation.
    
    -The school is currently in the middle of a merger with the better-known undergrad school. That process has been frustrating for students and faculty. It seems that the best in-class teachers are often poached for administrative positions resulting in the use of a number of adjunct professors in the second-year elective courses.
    
    -The personalized attention I received from Wake Forest from admissions to graduation was nothing less than top notch. I always felt that my interest and concerns were always a top priority of the university. My professors were always more than willing to assist in both academic and career-related issues.
    
    -While the personalized experience at Wake Forest is certainly one of its strengths, the teamwork that the school cultivates is truly its hallmark. In my previous job, I worked very closely in teams. But never did I experience anything quite like the team experience at Wake Forest. From group work to student organizations, strong ream work was always present.