PROGRAM BASICS

• • Carlson School of Management
  • Carlson Part-Time MBA
  • 321 19th Avenue South
  • Suite 1-110
  • Minneapolis, 55455, Minnesota
  • United States
  • Program Web site: http://www.carlsonschool.umn.edu/mba/part-time/index.html
  • E-mail: ptmba@umn.edu
• • Percentage of part-time students who graduate within six years of entering program: 80 %
  • Average months to complete program: 42
  • Maximum months permitted to complete program: 84
  • Does the school have a separate full-time MBA program? Yes
  • If so, can part-time students switch to the full-time program? No

• Tuition and Fees: (Based on six credits in the fall and six credits in the spring)

  • Resident: $14,753.00
  • Non-Resident: $14,753.00

• Tuition per credit:

  • Resident $1,176.00
  • Non-resident $1,176.00
• • Graduate business school is accredited by: Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 2,373
  • Full-Time MBA: 172
  • Part-Time MBA: 1,459
  • Executive MBA: 90
  • PhD Program: 90
• • Undergraduate business school enrollment: 2,210
  • Graduate degree programs: Master of Accounting, Other, Master of Human Resources
  • Other graduate degree programs: Master of Business Taxation (MBT)

ADMISSIONS, SELECTIVITY AND YIELD

• • Total applications, most recent entering class: 336
  • Applications accepted, most recent entering class: 86 %
  • Admitted students enrolled: 88 %
  • Applicants wait-listed during the last admissions cycle: 0
  • Applicant interviews are: Not offered

ENTRY REQUIREMENTS

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

• GMAT score distribution (applicant pool)

  • 25th Percentile 540
  • 10th Percentile 490
  • 75th Percentile 640
  • 50th Percentile (median) 590
  • 90th Percentile 690
  • Average GMAT Score 587

• GMAT score distribution (incoming class)

  • 25th Percentile 560
  • 10th Percentile 530
  • 50th Percentile (median) 610
  • 90th Percentile 690
  • 75th Percentile 650
  • Average GMAT Score 606
• • Is proficiency in English required? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • Other
    • IELTS
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test

• Other additional English language proficiency tests accepted

  • PTE Academic
• • Minimum paper-based TOEFL: 580

• Relative Importance of Application Elements:

  • GMAT Score: Very Important
  • Resume/Work Experience: Very Important
  • Application Essays: Important
  • Interviews Not Considered
  • Recommendations: Considered
  • Undergraduate Transcripts: Very Important

CLASS PROFILE

• • Female students: 36 %
  • International students: 9 %

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

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

• Postgraduate work experience (months):

  • Mean: 68
  • Median: 60
  • From: 24
  • To: 120
  • One year or less: 2 %

• Base salary of entering part-time MBA students:

  • Mean: $67,986.00
  • Median: $65,000.00

• Middle 80% range:

  • From: $43,000.00
  • To: $96,150.00

• Organizations that send the most participants to the part-time MBA program:

  • Target Corporation 318
  • General Mills, Inc. 73
  • Medtronic, Inc. 67
  • University of Minnesota 54
  • Boston Scientific 47
• • Mean age, newest entering class: 29
  • Median age, newest entering clas: 28

FINANCIAL AID

• • Part-time MBAs apply for financial aid through: Central financial aid office at the university
  • Students receiving some form of financial aid in 2011-12: 35 %

• Of part-time MBA students who applied for financial aid for the 2011-12 academic year, percentage receiving:

  • Institutional Scholarships: 0 %
  • Assistantships: 0 %
  • Loans (private and government): 100 %
• • On what basis are scholarships awarded? Academic merit
  • Full-tuition scholarships awarded, 2011-12: 0
  • Does school offer a guaranteed loan to all part-time MBAs? No
  • Mean outstanding debt at graduation: $50,512.00

FACULTY

• • Faculty employed by the B-school: 163

• Full-time faculty:

  • Tenured: 73
  • Non-Tenured: 63

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 27

• Women on Faculty:

  • Tenured: 19
  • Non-Tenured: 19

• Minority Faculty:

  • Tenured: 17
  • Non-Tenured: 21

• International Faculty:

  • Tenured: 9
  • Non-Tenured: 23

• Faculty with PhDs:

  • Tenured: 73
  • Non-Tenured: 108

STUDENT LIFE

• Active MBA specialization clubs open to part-time students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Finance
    • Human Resources
    • Marketing
    • Nonprofit
    • Other
    • Consulting
    • Information Technology
    • Business Law

• Active MBA networking clubs open to part-time students:

  • • International Club
    • Black MBA Association
    • Hispanic Student Organization
    • Volunteer
    • Women in MBA
    • Other
    • Gay/Lesbian/Bisexual
    • Partners/Family
    • Wine
• • Do part-time MBA students have their own area/center on campus? No
  • Do part-time MBA students have break-out rooms? Yes

TEACHING/ACADEMICS

• Teaching Methods:

  • Case Study: 30 %
  • Distance Learning: 5 %
  • Experiential Learning: 10 %
  • Lectures: 40 %
  • Simulations: 5 %
  • Team Projects: 10 %
  • Other: 0 %
• • Estimated number of hours per week students spend on classwork, excluding time spent in class: 8
  • Teachers in the part-time program: 96
  • Tenured teachers in the part-time program: 23
  • Faculty also teaching in full-time program: 75 %
  • Average core class size: 48
  • Average elective class size: 36
  • Electives available: 72
• • Last curriculum revision: 2010

• Concentrations and specializations offered to part-time MBAs:

  • • Finance
    • General Management
    • Marketing
    • Other

• Additional concentrations offered:

  • Management Information Systems
  • Supply Chain Management
• • Does the B-school offer an accelerated part-time MBA program? No

• Leading areas of study:

  • • Entrepreneurship
    • Finance
    • Strategy
    • Marketing
    • Supply Chain Management

• Graduation requirements:

  • • Students must have earned a pre-determined GPA/Letter grade average
    • Other: Describe in next screen
• • Other graduation requirements: Students must complete a minimum number of credits
• • Credits required to graduate: 48

TECHNOLOGY

• • Technology improvements in the last three academic years: All classroom technology, student lab computers and printers have been upgraded. Laptop program service provides hardware & software support and repairs. Many student breakout rooms have plasma screens. Web based applications support including: program and scholarship applications, alumni directory and career services. Increased storage, research computing platform and databases. Added remote & automated webcast capabilities. Upgraded distance learning facilities and expanded wireless network.
  • Amount spent: $3,300,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 16,082
  • Active MBA alumni clubs: 12
  • Countries in which MBA clubs exist: 3
  • Living MBA alumni who gave in past year: 5 %
  • Mean gift from MBA alumni: $301.00
  • 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 $137,500,000.00
  • Does the main university offer career placement services for alumni? No
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://www.minnesotaalumni.org
  • Does the B-school offer career services for alumni? Yes
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.carlsonschool.umn.edu/alumni/connect.html
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Do part-time MBAs have access to career development office?
    • Yes
  • If yes, at what point in the degree process are part-time MBA students able to use the service?
    • After completing a certain number of credits
  • Are part-time MBAs permitted to interview for full-time jobs? Yes
  • Are part-time students included in resume drops? Yes

• • -I believe that the Part-Time MBA Program at CSOM opened up new doors for me. It allowed me to make a significant career change from Engineering to Marketing well before I graduated from the program. I also developed a large network of peers and life long friends.
    
    -I learned a lot in the program and thought highly of most of my teachers. However, it sometimes appeared that those with really strong business backgrounds probably didn't learn that much.
    
    -Basically, you get out of it what you put into it. If you have the time and energy to devote yourself 100% to the program, then you will have a great experience. But if your job or family life is too difficult to balance, school will become less of a priority and your experience will suffer.
    
    -I'd like more hands-on experience with firms so that opportunities can be created to apply teachings of the program to real situations in the workplace. I would like to have had more opportunities to demonstrate my abilities and knowledge to local and regional firms through the completion of company-sponsored projects or assignments.
    
    -Carlson offers a great curriculum, passionate professors, a great learning environment, and is very accommodating of part-time students.
    
    -I think that some of the general classes required should have been waived but because I had been out of school for more than 7 years, they wouldn't do that so I was frustrated that I had to take 8 more credits because of this requirement.
    
    -Carlson School of Management has great professors who go above and beyond the "standard" teaching duties to give the students the best education possible. They provide us with relevant homework assignments that we can relate directly back to our current work experiences.
    
    -I would have preferred less group work in the PT MBA program. It is simply not needed for working professionals. I had mostly excellent groups so that is not the issue - the issue is the additional time outside of class away from family. It's already a big time commitment.
    
    -The Carlson Part-Time MBA Program provided a great experience. Classes are taught by the same faculty as the full-time program, and the school has a relatively high ranking. It has a great reputation, especially among employers in the Minneapolis/St. Paul area.
    
    -The one thing that would enhance Carlson's program even more is greater evolution of alternative programming, such as online or virtual classes. Utilizing technology available today in creative ways to make balancing the program with other aspects of work and life would make it even more attractive.
    
    -It's the best option in the Twin Cities, but it was very similar to my undergrad. And the classes are full of Target employees who believe that their jobs are the most important thing in the world.
    
    -I was highly disappointed that most recruiters aligned with the part-time MBA career center were hiring entry-level positions. Many of us choose the part-time program in part because we already have established careers that we don't want to stall by entering a full-time program.
    
    -The program was flexible enough that I was able to tailor my classes to complement my on-the-job experience. For example, when I was doing Supply Chain financial analysis projects at work, I took Supply Chain Management class. I was able to go to class at night and immediately apply the lessons learned the next day at work.
    
    -Putting the part-time students in tighter cohorts would make an enormous difference, even if they had to re-design the core courses to achieve it. I understand that all incoming part-time students will have to take the full 57 credits. When I entered, 48 credits were sufficient, if core classes could be waived.
    
    -If someone plans to earn a Part-Time MBA in Minnesota, Iowa, North/South Dakota or western Wisconsin, I would say that the only program to consider is the University of Minnesota. The academic reputation is a stand-out in the region.