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

Washington University

Olin Business School

Getting In

PROGRAM BASICS

Olin Business School

Campus Box 1133
One Brookings Drive
St. Louis , Missouri 63130

Program Web site:

http://www.olin.wustl.edu/mba/

Status:

Private Institution

Program e-mail address:

mba@wustl.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

Full-time MBA: 1950
Part-time MBA : 1975
Undergraduate business program: 1917
Executive MBA: 1983
Executive Education (non-degree): 1993
PhD program: 1958

PROGRAM COSTS

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

Resident : $ 83,172
Nonresident : $ 83,172
Recommended annual budget (Resident): $ 65,154
Recommended annual budget (Nonresident): $ 65,154

PROGRAM LENGTH

Full-time program (months):

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 1075
Full-time MBA: 294
Part-time MBA: 388
Executive MBA: 294

PhD program: 41
MS: 39
MSA: 19

Undergraduate business school enrollment

730

Graduate degree programs:

Master of Accounting

Master of Finance

Other graduate degree programs:

N/A

ADMISSIONS

Application Deadlines

11-3-08 1-5-09 3-2-09 4-20-09

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?

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:

Important

Resume/Work Experience:

Important

Application Essays:

Important

Interviews:

Important

Recommendations:

Considered

Undergraduate Transcripts:

Important

APPLICANTS

Applications (admitted and denied) to the newest class:

1023

Applicants who were accepted to the most recent class:

34 %

Admitted applicants who enrolled in the newest class:

42 %

Applicant interviews are:

By invitation only

Admitted applicants who were interviewed:

100 %

APPLICANT POOL

International applications received:

63 %

Applications from women received:

32 %

Mean base salary forgone:

$ 50,752

Median base salary forgone:

$ 50,000

CLASS PROFILE

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

Female: 37 %
International: 34 %
Married: 28 %

Ethnicity/US Students in Program

African American: 8 %
Asian American: 7 %
Hispanic or Latino American: 4 %
Multiethnic/Multiracial : 1 %
White (Non-Hispanic): 72 %
Chose not to report: 7 %

Students from following regions:

Africa : 1 %
Asia: 30 %
Eastern Europe and Central Asia: 1 %
Latin America and the Caribbean: 1 %
North America: 66 %
Percentage of students with dual citizenship: n/a %

Entering North American citizens by region:

Northeast: 13 %
Mid-Atlantic: 7 %
South: 11 %
Southwest: 9 %
Midwest : 55 %
West: 5 %

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: 0
To: 109

Median age of entering class:

Mean age of entering class:

FINANCIAL AID

Full-time MBAs apply for financial aid through:

Dedicated financial aid office at the B-school

On what basis are scholarships awarded?

academic merit

How does an applicant apply for scholarship consideration?

all candidates are considered for scholarship

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?

Only to domestic students

GMAT

Applicants required to take the GMAT?

Yes

Mean : 681
Median: 690

Middle 80% range GMAT scores:

From: 610
To: 740

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:

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

Critical Thinking for Effective Decision Making
Sustainable Development - Challenges for Business
Sports Management
Real Estate Finance
Advanced Fixed Income - Credit Risk Modelling

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

2007

Concentrations and specializations offered to full-time MBA students:

Accounting

Consulting

Entrepreneurship

Finance

General Management

Leadership

Marketing

Organizational Behavior

Strategy

Supply Chain Management

Joint-degree programs offered to full-time MBAs:

MBA/JD (Law)

MBA/MA (Arts)

MBA/March (Architecture)

MBA/ME (Engineering)

Other

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

FACULTY

Faculty employed by the B-school:

111

Full-time faculty

Tenured: 32
Non-Tenured: 41

Adjunct/Visiting Faculty

Tenured: 0
Non-Tenured: 38

Women on Faculty

Tenured: 4
Non-Tenured: 10

Minority Faculty

Tenured: 2
Non-Tenured: 2

International Faculty

Tenured: 9
Non-Tenured: 20

Faculty with PhDs

Tenured: 32
Non-Tenured: 38

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Finance

High Tech

Investment Banking

Marketing

Media & Entertainment

VC/ Private Equity

Networking clubs available to full-time MBA students:

Black MBA Association

Gay/Lesbian/Bisexual

Hispanic Student Organization

International Club

Partners/Family

Volunteer

Wine

Women in MBA

Other

TEACHING/ACADEMICS

Teaching methods used

Case study: 40 %
Experiential Learning: 10 %
Lecture: 20 %
Simulations: 5 %
Team Project: 25 %

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:

N/A

Amount spent:

$ 5,933,000

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

9,233

Active MBA alumni clubs

Countries in which MBA clubs exist

Living MBA alumni who gave in past year:

22 %

Business School Endowment

$ 239,983,078

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.wustlconnections.com/

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

http://www.olin.wustl.edu/alumni/net.cfm

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 83 %
Graduates not seeking employment: 13 %
Graduates for whom you have no information regarding employment: 4 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 66 %
Percentage who were continuing their education (after graduation): 7 %
Percentage who were postponing their job search: 7 %
Percentage who were starting their own business(es) : 13 %
Percentage who were not seeking employment for other reasons: 7 %

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

Destination: New York City - Wall Street Reception and Company Visits
Month: November
Amount Paid By School: Partial
Destination: Chicago - Reception and Company Visits
Month: January
Amount Paid By School: Partial
Destination: New York - Reception and Company Visits
Month: January
Amount Paid By School: Partial
Destination: Silicon Valley - Reception and Company Visits
Month: January
Amount Paid By School: Partial

Primary Source of Job Offer

School-facilitated activities: 75 %
Graduate-facilitated activities: 22 %
No information provided by graduate: 3 %

Job Offers for 2008 graduates:

Received first job offer by graduation: 81 %
Received first job offer in three months following graduation: 12 %
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:

	Anheuser-Busch
	Exxon Mobil Corp.
	Boston Consulting Group
	Procter & Gamble
	Nestle
	Emerson Electric

Job-accepting graduates who received a signing bonus:

66 %

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

Mean base salary for most recent graduates: $ 90,775
Median base salary for most recent graduates: $ 90,000
Mean signing bonus for most recent graduates: $ 18,745
Median signing bonus for most recent graduates: $ 20,000
Mean other guaranteed compensation for most recent graduates: $ 9,378
Median other guaranteed compensation for most recent graduates: $ 8,000

Graduating students who accepted jobs in the following functional areas:

Consulting: 12 %
Finance/Accounting: 39 %
General Management: 12 %
Human Resources: 1 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 29 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 5 %
Other: 2 %

Graduating students who accepted jobs in the following industries:

Consulting: 5 %
Consumer Products: 20 %
Financial Services: 28 %
Manufacturing: 9 %
Non-Profit: 1 %
Petroleum/Energy: 3 %
Pharmaceutical/Biotechnology/Health care Products: 18 %
Technology: 4 %
Other: 12 %

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

Asia: 7 %
North America: 92 %
Western Europe: 1 %

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

Northeast: 6 %
South: 4 %
Southwest: 21 %
Midwest: 65 %
West: 4 %

Top Companies - Internships:

	Emerson Electric
	Exxon Mobil Corp.
	Booz Allen Hamilton
	Citigroup Inc.
	Nestle

Internships awarded that are paid:

100 %

Mean and median intern compensation per week:

Mean : 1,191
Median: 1,219

Average internship length in weeks:

SCHOOL COMMENTS

School Comments:

N/A

Graduate Comments

I had a fantastic experience at the school and feel that others would have an equally challenging and enjoyable student experience. I also feel that the school's strengths span a variety of desired fields of study, so I would definitely recommend it. -- Marketing

The Olin Business School doesn't deliver you into a new career, but gives you the skills necessary to be successful over the course of your career. The academic quality is superb and curriculum rigorous, but the environment is supportive and friendly. I was able to push myself and take classes I thought were far beyond my skill level because I knew the professors, and my fellow students would be there to assist me if I got stuck. -- Consulting

The class size and the power of everybody knowing everybody else (including the instructors) is one of the most powerful aspects of an Olin MBA. -- Marketing

Olin has a small school culture with great faculty, flexible curriculum, good scholarships, and lots of student activities. --Marketing

The overall value that the entire university provides is second to none. In addition to a top-tier business school, there are dozens of outstanding programs, which the business students have access to. Furthermore, the administration is very reactive to students' needs and opinions, and they do an amazing job at giving the students "ownership" of the MBA program. The experimental learning experiences help tie-in what is taught in the classroom and provides students with first-hand experience in the application of what they have learned. -- Investment Banking

I started at the university as a JD student. On a purely metrics-orientented basis, I would have wanted to consider other b-schools (i.e. top-10 programs) if I had been focused on the business school as a deciding factor in choosing a university. That said, I am extremely happy both with my experience in the business school program and the results of my investment there. --Consulting

I would only encourage my friends and colleagues that I thought would be a good fit for Olin. In order to get the full benefit out of Olin, you have to be looking for a smaller class size where you can actively participate and take on leadership roles. The benefits are tremendous if you take advantage of the opportunities. I've encouraged my brother-in-law, who is just getting out of the Marines, to look at Wash U, and it looks like he will probably end up attending in the fall. The emphasis that Olin places on veterans is another reason why I would recommend it to my former Army colleagues. -- Operations

I liked the school, the program staff, the teaching faculty, the courses, and the other students. What's not to recommend? -- Information Technology

I thought it was a great educational experience and would recommend it to other people. I think it would help anyone who's interested in career advancement and making more money. -- Marketing

My experience at Olin broadened my perspective from both a professional and personal standpoint. I really enjoyed my experience in the program and would recommend it to colleagues, friends, and family -- Marketing

The experience would have been perfect if I had had more support in my independent job search from the career center. They do a great job of coaching on resumes, interviewing, and negotiating but a VERY poor job on providing opportunities, connections, and leads/contacts. Outside of that, I had a wonderful time, made life-long friends, met my husband, met my business partner, and learned a lot! -- Entrepreneurship

I've been especially grateful for my experience at Olin. I wasn't sure what I wanted out of a business school, but I was able to find myself and really "grow up" here. As a 3-2 student (engineering undergrad/MBA), everything I've learned has really placed me in a great position to take the world by storm. -- Investment Banking

The Pass/Fail grading system was great, since it allowed students not to worry about what grade they would receive but more on the course material. It also promoted working collaboratively versus competitively. The nature of the student body was such that it was easy to become friends with anyone. Being around such smart, compelling people I was in school with is something I miss now being in the corporate world. -- Operations

I have been thrilled with my experience at Olin. The professors, the curriculum, and the students are excellent. I think that due to Olin's small size and its location in the Midwest, it has not been ranked as highly as the school deserves. I truly believe that Olin is one of the best business schools in the country. -- Marketing

The small class size and accessibility of professors at Olin promotes a very collegial learning environment. I was constantly challenged by both my professors and peers. -- Marketing

Washington University in St. Louis is a nice program over all, but there is only one thing which brings the experience down - the career center of the school. The faculty is good, course structure is good, but the career center is pathetic and especially the career advisors. First, the number is not enough, and second, most of them are incompetent and this leaves international students with a bigger challenge to find a job. -- Finance

The Young Leaders program has been a fantastic opportunity for me. The school is on the front of a trend. I have been incredibly happy with the results of the program and all the people I met while involved. -- Operations

I find myself truly transformed after the business education at Olin. I think it was a great return on investment, both in terms of cost and time. Getting a desired job was only the byproduct of the learning experience that I went through at Olin -- Finance