University of Richmond

PROGRAM BASICS

• • Robins School of Business
  • Part-Time MBA Program
  • University of Richmond, Robins School of Business
  • 1 Gateway Road
  • Richmond, 23173, Virginia
  • United States
  • Program Web site: http://robins.richmond.edu/mba/index.html
  • E-mail: mba@richmond.edu
• • Percentage of part-time students who graduate within six years of entering program: 90 %
  • Average months to complete program: 33
  • Maximum months permitted to complete program: 60
  • Does the school have a separate full-time MBA program? No
  • If so, can part-time students switch to the full-time program? Yes

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

  • Resident: $13,800.00
  • Non-Resident: $13,800.00

• Tuition per credit:

  • Resident $1,150.00
  • Non-resident $1,150.00
• • Graduate business school is accredited by: Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 128
  • Full-Time MBA: 20
  • Part-Time MBA: 108
• • Undergraduate business school enrollment: 710

ADMISSIONS, SELECTIVITY AND YIELD

• • Total applications, most recent entering class: 59
  • Applications accepted, most recent entering class: 76 %
  • Admitted students enrolled: 82 %
  • Applicants wait-listed during the last admissions cycle: 0
  • Applicant interviews are: Recommended

ENTRY REQUIREMENTS

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

• GMAT score distribution (applicant pool)

  • 50th Percentile (median) 580
  • 25th Percentile 550
  • 90th Percentile 660
  • Average GMAT Score 582
  • 10th Percentile 498
  • 75th Percentile 633

• GMAT score distribution (incoming class)

  • 25th Percentile 570
  • Average GMAT Score 610
  • 10th Percentile 559
  • 75th Percentile 643
  • 90th Percentile 662
  • 50th Percentile (median) 607
• • 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
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test

• Other additional English language proficiency tests accepted

  • Pearson Test of English
• • Minimum paper-based TOEFL: 600

• Relative Importance of Application Elements:

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

CLASS PROFILE

• • Female students: 40 %
  • International students: 5 %

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

  • African American: 8 %
  • Asian American: 8 %
  • Hispanic or Latino American: 5 %
  • Multiethnic/Multiracial: 0 %
  • Native American: 0 %
  • White (Non-Hispanic): 79 %
  • Chose not to report: 0 %
  • Other: 0 %

• Postgraduate work experience (months):

  • Mean: 55
  • Median: 38
  • From: 25
  • To: 78
  • One year or less: 7 %

• Entering students work in the following functional areas:

  • Consulting: 5 %
  • Finance/Accounting: 32 %
  • General Management: 12 %
  • Human Resources: 7 %
  • Marketing/Sales: 7 %
  • Management Information Systems: 5 %
  • Operations/Production: 14 %
  • Other: 18 %

• Entering students work in the following industries:

  • Consumer Products: 5 %
  • Financial Services: 34 %
  • Government: 6 %
  • Manufacturing: 18 %
  • Media/Entertainment: 0 %
  • Non-Profit: 6 %
  • Petroleum/Energy: 4 %
  • Pharmaceutical/Biotechnology/Health Care: 15 %
  • Real Estate: 0 %
  • Technology: 5 %
  • Other: 7 %
• • Mean age, newest entering class: 27
  • Median age, newest entering clas: 25

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: 65 %

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

  • Institutional Scholarships: 0 %
  • Assistantships: 3 %
  • Loans (private and government): 100 %
• • Mean financial aid package: $17,600.00
  • On what basis are scholarships awarded? Academic merit
  • Full-tuition scholarships awarded, 2011-12: 0
  • How does an applicant apply for scholarship consideration? Part of the admissions application
  • Does school offer a guaranteed loan to all part-time MBAs? No
  • Mean outstanding debt at graduation: $53,455.00

FACULTY

• • Faculty employed by the B-school: 77

• Full-time faculty:

  • Tenured: 37
  • Non-Tenured: 24

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 23

• Women on Faculty:

  • Tenured: 7
  • Non-Tenured: 13

• Minority Faculty:

  • Tenured: 2
  • Non-Tenured: 2

• International Faculty:

  • Tenured: 1
  • Non-Tenured: 9

• Faculty with PhDs:

  • Tenured: 36
  • Non-Tenured: 25

STUDENT LIFE

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

  • • Other

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

  • • Women in MBA
    • Other
• • Do part-time MBA students have their own area/center on campus? Yes
  • Do part-time MBA students have break-out rooms? Yes

TEACHING/ACADEMICS

• Teaching Methods:

  • Case Study: 20 %
  • Experiential Learning: 30 %
  • Lectures: 30 %
  • Team Projects: 20 %
• • Estimated number of hours per week students spend on classwork, excluding time spent in class: 10
  • Average core class size: 16
  • Average elective class size: 11
  • Electives available: 8

• Recently added electives:

  • Global IT/Leadership & Decision Making
  • Valuation & Deal Structure
  • Global Consumer Culture: Int'l Marketing
• • Does the B-school offer an accelerated part-time MBA program? No

• Leading areas of study:

  • • Finance
    • International Business
    • Strategy
    • Marketing
    • Management Information Systems

• Graduation requirements:

  • • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average
    • Students must complete a company-specific project and present results to relevant parties
• • Credits required to graduate: 54

B-SCHOOL ALUMNI

• • Living MBA alumni: 1,800
  • Active MBA alumni clubs: 1
  • Countries in which MBA clubs exist: 1
  • Living MBA alumni who gave in past year: 3 %
  • Mean gift from MBA alumni: $728.00
  • Median gift from MBA alumni: $100.00
  • Business school endowment $24,443,660.00

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?
    • At any time
  • Are part-time MBAs permitted to interview for full-time jobs? Yes
  • Are part-time students included in resume drops? Yes

• • -The University of Richmond MBA program is an exceptional one, with talented faculty and engaged students. The faculty does a great job of involving local business leaders into the classes, as well. Graduates of the Richmond MBA leave with a solid education and great practical experience.
    
    -The University of Richmond program is excellent; however, it is very long compared to other programs, and very expensive. I would counsel prospective students to weigh these two factors heavily when considering the program.
    
    -The Richmond MBA curriculum purposefully studies the major roles of the C-suite executives. The faculty and staff are friendly and work hard on your behalf. The undergraduate business school is one of the best in the country and in facilities, networking, faculty and other major areas the MBA students benefit immensely. Student services, included career finding/development, are amazing.
    
    -I would like to see a larger selection of electives.
    
    -While there are many fine MBA programs, I have not found any that couple the top academic experience with the flexibility of Richmond's part-time MBA program. Only at Richmond can you be instructed by exceptional faculty in challenging classes with engaged students while also working full-time (and not needing to adjust your work schedule, as required by many executive programs).
    
    -The University should constantly look at the course offerings and updates were needed. The University must lay out class schedules at a minimum one year ahead of time, so students can plan accordingly. The University should also consider allowing more electives vs. required courses.
    
    -Richmond MBA faculty are scholars and great teachers. They add a practical element as well, either involving their own business experience or inviting business leaders into the classroom.