University of Washington

Program Basics

• • Full Time MBA Program
  • Michael G. Foster School of Business
  • 110 Mackenzie, Box 353200
  • University of Washington
  • Seattle, 98195-3200, Washington
  • United States
  • Program Web site: http://mba.washington.edu
  • Status: Public
  • Program e-mail address: mba@uw.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 749
  • Full-Time MBA: 248
  • Part-Time MBA: 292
  • Executive MBA: 127
  • PhD Program: 82
• • Other graduate degree programs:
    • Master of Accounting
    • Other

PROGRAM COSTS

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

  • Resident: $52,680.00
  • Nonresident: $76,818.00
  • Recommended annual budget (Resident): $53,756.00
  • Recommended annual budget (Nonresident): $65,812.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Jan 20, 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?

  • • IELTS
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test
    • U Michigan Language Test
• • Minimum paper-based TOEFL score required for MBAs: 600

• Relative Importance of Application Elements:

  • GMAT Score: Important
  • Resume/Work Experience: Important
  • Application Essays: Important
  • Interviews: Very Important
  • Recommendations: Important
  • Undergraduate Transcripts: Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 558
  • Applicants who were accepted to the most recent class: 44 %
  • Admitted applicants who enrolled in the newest class: 53 %
  • Applicants who were re-applicants from prior years: 4 %
  • Percentage of this year's reapplicants accepted: 65 %
  • Applicants wait-listed during the last admissions cycle: 35
  • Wait-listed applicants admitted for the semester to which they applied: 11
  • Applicant interviews are: By invitation only
  • Applicants (admitted and denied) who were interviewed: 60 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 38 %
  • Applications from women received: 37 %
  • Mean base salary forgone: $56,000.00
  • Median base salary forgone: $60,000.00

CLASS PROFILE

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

  • Female: 34 %
  • International: 27 %
  • Married: 34 %

• Students from following regions:

  • Africa: 1 %
  • Asia: 21 %
  • Europe: 2 %
  • North America: 70 %
  • Latin America and the Caribbean: 0 %
  • Oceania: 1 %
  • Dual citizenship: 8 %

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

  • African American: 1 %
  • Asian American: 15 %
  • Hispanic or Latino American: 2 %
  • White (Non-Hispanic): 77 %
  • Chose not to report: 2 %
  • Other: 3 %

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

  • Northeast: 7 %
  • Mid-Atlantic: 1 %
  • South: 4 %
  • Midwest: 10 %
  • West: 78 %
• • Mean months of work experience of newest entering class: 64
  • Median months of work experience of newest entering class: 60

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

  • From: 31
  • To: 102
• • Median age of entering class: 29
  • 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: 74 %
  • Full-time MBAs receiving financial aid in the current academic year: 69 %
  • Mean MBA financial aid package for the current academic year: $22,509.00
  • Median MBA financial aid package for the current academic year: $20,398.00
  • On what basis are scholarships awarded?
    • a combination of need and 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: $8,200.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 41 %
  • 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: $61,100.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? No

• GMAT score distribution (applicant pool):

  • Average GMAT Score 640
  • 50th Percentile (median) 640
  • 10th Percentile 550
  • 25th Percentile 620
  • 90th Percentile 710
  • 75th Percentile 680

• GMAT score distribution (incoming class):

  • Average GMAT Score 675
  • 10th Percentile 590
  • 25th Percentile 630
  • 50th Percentile (median) 680
  • 75th Percentile 710
  • 90th Percentile 730

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 57
  • Average number of students in a full-time MBA elective class: 40
  • Elective courses available to full-time MBA students: 53

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

  • Fixed Income
  • Asset Allocation
  • Intersections of Law & Business

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

  • • Consulting
    • Finance
    • Management Information Systems
    • Entrepreneurship
    • General Management
    • Marketing
    • Health Care Administration
    • Real Estate
    • Accounting
    • Leadership
    • Operations Management
    • Strategy
    • Organizational Behavior
    • Corporate Social Responsibility
    • International Business
    • E-commerce
    • Public Administration
    • Portfolio Management

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

  • • MBA/MHSA (Health Services Administration)
    • MBA/JD (Law)
    • MBA/MIM (International Management)
• • 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
    • Entrepreneurship
    • Marketing
    • Consulting
    • International Business

FACULTY

• • Faculty employed by the B-school: 155

• Full-time faculty:

  • Tenured: 55
  • Non-Tenured: 45

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 55

• Women on Faculty:

  • Tenured: 11
  • Non-Tenured: 34

• Minority Faculty:

  • Tenured: 13
  • Non-Tenured: 18

• International Faculty:

  • Tenured: 9
  • Non-Tenured: 23

• Faculty with PhDs:

  • Tenured: 55
  • Non-Tenured: 62

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Finance
    • Marketing
    • Nonprofit
    • VC/ Private Equity
    • High Tech
    • Investment Banking

• Networking clubs available to full-time MBA students:

  • • International Club
    • Partners/Family
    • Women in MBA
    • Volunteer

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 40 %
  • Experiential Learning: 15 %
  • Lectures: 20 %
  • Team Projects: 25 %

• Requirements for graduation:

  • • Students are required to complete international experience
    • Students must complete a company-specific project and present results to relevant parties
    • 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: Greatly expanded wireless capacity. Expansion of Sharepoint throughout system. Adoption of CRM system across all MBA programs.
  • Amount spent: $1,300,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 12,293
  • Active MBA alumni clubs: 21
  • Countries in which MBA clubs exist: 11
  • Living MBA alumni who gave in past year: 11 %
  • Mean gift from MBA alumni: $851.00
  • 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: $1,097,000.00
  • 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.washington.edu/alumni/careers/hcn/index.html
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.foster.washington.edu/corporations/mba_careerservices/Pages/MBAAlumniCareerServices.aspx
  • 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: 87 %
  • Graduates not seeking employment: 13 %
  • Graduates for whom you have no information regarding employment: 0 %

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

  • Destination: National Hispanic MBA Conference
  • Month: October
  • Amount Paid By School: Partial
  • Destination: New York I-banking Trek
  • Month: October
  • Amount Paid By School: Partial
  • Destination: San Francisco Bay Area
  • Month: November
  • Amount Paid By School: Partial
  • Destination: Net Impact National Conference
  • Month: October
  • Amount Paid By School: Partial
  • Destination: Portland
  • Month: February
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 67 %
  • Graduate-facilitated activities: 32 %
  • No information provided by graduate: 1 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 78 %
  • Received first job offer in three months following graduation: 15 %
  • Received first job offer more than 3 months after graduation: 2 %
  • Did not report having received a job offer: 5 %
  • Accepted first job offer by graduation: 73 %
  • Accepted first job offer in three months following graduation: 18 %
  • Accepted first job offer more than 3 months after graduation: 2 %
  • Did not report having accepted a job offer: 7 %
• • Job-accepting graduates who received a signing bonus: 43 %

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

  • Mean base salary: $88,585.00
  • Median base salary: $90,000.00
  • Mean signing bonus: $19,353.00
  • Median signing bonus: $20,000.00
  • Mean other guaranteed compensation: $17,870.00
  • Median other guaranteed compensation: $8,600.00

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

  • Consulting: 12 %
  • Finance/Accounting: 27 %
  • General Management: 4 %
  • Human Resources: 1 %
  • Marketing/Sales: 44 %
  • Management Information Systems: 1 %
  • Operations/Logistics: 5 %
  • Other: 6 %

• Graduating students who accepted jobs in the following industries:

  • Government: 0 %
  • Consulting: 8 %
  • Consumer Products: 17 %
  • Financial Services: 7 %
  • Manufacturing: 1 %
  • Media/Entertainment: 0 %
  • Non-Profit: 1 %
  • Petroleum/Energy: 1 %
  • Pharmaceutical/Biotechnology/Health Care: 8 %
  • Real Estate: 5 %
  • Technology: 40 %
  • Other: 12 %

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

  • Africa: 0 %
  • Asia: 5 %
  • Europe: 0 %
  • North America: 95 %
  • Oceania: 0 %
  • Latin America and the Caribbean: 0 %

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

  • Northeast: 3 %
  • Mid-Atlantic: 3 %
  • South: 0 %
  • Southwest: 0 %
  • Midwest: 5 %
  • West: 89 %
  • Possessions and territories: 0 %
• • Internships awarded that are paid: 98 %

• Weekly internship compensation:

  • Mean: $1,200.00
  • Median: $1,304.00
• • Average internship length in weeks: 12

SCHOOL COMMENTS

• • School Comments: The Foster MBA Program offers a highly customizable curriculum providing students with a chance to tap electives within and outside the business school. This is coupled with an individualized career development program tailored to the objectives of each student.

• • -I would without hesitation recommend the Foster MBA to friends or colleagues. To me, the aspect that makes the Foster MBA so unique is the people - it's a very collegial community, with students from diverse backgrounds and with both 'traditional' and very non-traditional backgrounds for b-school. The core faculty are exceptional, and are very accessible. The program also receives incredible support from the Seattle business community. I've had so many incredible opportunities to interact with executives from across the Seattle community, whether it's consulting to Microsoft, meeting with local VC's, or having regular mentor meetings with the retired President of Starbucks North America.
    
    -With the opening of the new building and recruitment of new professors that have quickly won outstanding teaching awards, I would definitely recommend people to attend the Foster School of Business.
    
    -The Foster MBA program is an incredible value. I appreciate the smaller size of the program compared to other institutions - I know the interests and career aspirations of my classmates and received personalized attention from Career Services and the MBA Program Office. The connections alumni from this program have pack a punch one might not expect.
    
    -This program perfectly fits to me because small size of class enabled personalized care on both academic and job searching. Therefore, in case I see there are any prospective students who aim the similar goals, I would definitely recommend this program. On the other hand, this school has relatively low areaness in Japan, my home country, so, if the primary goal of candidates is going back to Japan, unfortunately I won't recommend.
    
    -The Foster School of Business is a dynamic environment in which to study business. Regardless of industry or focus, Foster generally has peers, programs, and alumni that will help you succeed. For individuals interested in entrepreneurship, emerging industries, and technology, the program is particularly beneficial. That said, students with more standard business school interests such as operations and finance will find themselves at home in the program.
    
    -The MBA program's workload, both academic and extracurricular, creates and extremely challenging environment that forces students to break free of their comfort zone and quickly adapt and grow. I liken the program to a pressure cooker -- it creates fast results in minimal time. I have been grown so much emotionally and professionally over the last two years. Much of this is due to the emphasis on working in teams. This creates numerous opportunities to practice leading groups, organizing projects and meetings, and managing and working with different personalities. MBA Career Services is also extremely dedicated to the students and is a wealth of ideas, information, and support. My one major complaint is that the school does not offer much for students interested in operations management (such as myself).
    
    -As an entrepreneur without formal business education training, the program allowed me to tailor my curriculum in areas I felt lacking. Since I tailored my program with other disciplines, half of my studies post core were done with different and separate graduate students, which I also thought was valuable. What separates this program from other graduate programs is the focus on building "leadership skills".
    
    -The career center at Foster (UW) is fantastic. They are always on the lookout for your best interests with personalize introductions and job leads based on your goals. The road shows to SFO and NYC are great, and they even provide financial aid (up to $300) for individual students traveling to interview/job search.