Washington University, St. Louis

PROGRAM BASICS

• • Olin Business School
  • Professional MBA Program (PMBA)
  • Campus Box 1133
  • 1 Brookings Dr.
  • St. Louis, 63130, Missouri
  • United States
  • Program Web site: http://www.olin.wustl.edu
  • E-mail: mba@wustl.edu
• • Percentage of part-time students who graduate within six years of entering program: 92 %
  • Average months to complete program: 31
  • 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? Yes

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

  • Resident: $16,200.00
  • Non-Resident: $16,200.00

• Tuition per credit:

  • Resident $1,350.00
  • Non-resident $1,350.00
• • Graduate business school is accredited by: Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 1,067
  • Full-Time MBA: 284
  • Part-Time MBA: 318
  • Executive MBA: 235
  • PhD Program: 53
• • Undergraduate business school enrollment: 755
  • Graduate degree programs: Master of Accounting, Master of Finance, Other
  • Other graduate degree programs: MS Supply Chain Management

ADMISSIONS, SELECTIVITY AND YIELD

• • Total applications, most recent entering class: 184
  • Applications accepted, most recent entering class: 80 %
  • Admitted students enrolled: 82 %
  • Applicants wait-listed during the last admissions cycle: 0
  • Wait-listed applicants admitted for the semester to which they applied: 0
  • Applicant interviews are: By invitation only

ENTRY REQUIREMENTS

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

• GMAT score distribution (applicant pool)

  • 50th Percentile (median) 580
  • 10th Percentile 460
  • 75th Percentile 640
  • 25th Percentile 530
  • 90th Percentile 700
  • Average GMAT Score 573

• GMAT score distribution (incoming class)

  • 25th Percentile 530
  • 75th Percentile 640
  • 50th Percentile (median) 590
  • 10th Percentile 470
  • 90th Percentile 700
  • Average GMAT Score 583
• • Is proficiency in English required? Yes
  • Is a minimum score on an English language proficiency test required? No

• Which English language proficiency tests are accepted?

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

• Relative Importance of Application Elements:

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

CLASS PROFILE

• • Female students: 30 %
  • International students: 6 %

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

  • African American: 7 %
  • Asian American: 10 %
  • Hispanic or Latino American: 2 %
  • Multiethnic/Multiracial: 1 %
  • White (Non-Hispanic): 80 %

• Postgraduate work experience (months):

  • Mean: 73
  • Median: 53
  • From: 16
  • To: 169
  • One year or less: 7 %

• Base salary of entering part-time MBA students:

  • Mean: $63,347.00
  • Median: $59,000.00

• Middle 80% range:

  • From: $35,000.00
  • To: $100,000.00

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

  • Peabody Energy 7
  • Monsanto 7
  • Emerson 5
  • Washington University 5
  • Federal Reserve Bank-St. Louis 4
• • Mean age, newest entering class: 29
  • Median age, newest entering clas: 28

FINANCIAL AID

• • Part-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school

FACULTY

• • Faculty employed by the B-school: 135

• Full-time faculty:

  • Tenured: 35
  • Non-Tenured: 49

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 47

• Women on Faculty:

  • Tenured: 4
  • Non-Tenured: 25

• Minority Faculty:

  • Tenured: 3
  • Non-Tenured: 6

• International Faculty:

  • Tenured: 13
  • Non-Tenured: 18

• Faculty with PhDs:

  • Tenured: 35
  • Non-Tenured: 81

STUDENT LIFE

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

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Finance
    • Marketing
    • VC/ Private Equity
    • Consulting
    • Manufacturing
    • Media & Entertainment
    • Investment Banking

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

  • • International Club
    • Black MBA Association
    • Hispanic Student Organization
    • Volunteer
    • Women in MBA
    • 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: 40 %
  • Experiential Learning: 10 %
  • Lectures: 20 %
  • Simulations: 5 %
  • Team Projects: 25 %
• • Estimated number of hours per week students spend on classwork, excluding time spent in class: 12
  • Teachers in the part-time program: 66
  • Tenured teachers in the part-time program: 21
  • Faculty also teaching in full-time program: 100 %
  • Average core class size: 59
  • Average elective class size: 32
  • Electives available: 86

• Recently added electives:

  • Analysis of Financial Institutions and Instruments
  • United Way Board Fellows Program
  • Community Development and Environmental Preservation
  • Retail Management
  • Supply Chain Risk Management
• • Last curriculum revision: 2007

• Concentrations and specializations offered to part-time MBAs:

  • • Accounting
    • Finance
    • General Management
    • Marketing
    • Other
    • Entrepreneurship
    • Leadership
    • Organizational Behavior
    • Strategy

• Additional concentrations offered:

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

• Leading areas of study:

  • • Finance
    • Strategy
    • General Management
    • Marketing
    • Supply Chain Management

• Graduation requirements:

  • • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average
• • Credits required to graduate: 54

TECHNOLOGY

• • Technology improvements in the last three academic years: Digital signage was deployed, using centralized software and control. Customer Relationship Management software deployed and adopted by school. Student email outsourced to Microsoft Live@EDU. Single signon deployed to school applications. Unified print management and print charges with the University. Upgraded network for faster Internet access
  • Amount spent: $6,685,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 11,217
  • Active MBA alumni clubs: 36
  • Countries in which MBA clubs exist: 8
  • Living MBA alumni who gave in past year: 27 %
  • Mean gift from MBA alumni: $653.00
  • 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 $233,517,392.00
  • 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: https://www.wustlconnections.com
  • 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.olin.wustl.edu/alumni/CareerServices/Pages/Networking.aspx
  • 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 the first semester
  • Are part-time MBAs permitted to interview for full-time jobs? Yes
  • Are part-time students included in resume drops? Yes

• • -My experience at Washington University has been fantastic. I have learned about both business, behavior, and management. The skills I have learned and networks I have created will be important to my future success. I knew people who attended the program ahead of me. They have been successful. I have been promoted twice since attending the first classes. The skills I have learned have played a significant part in my success.
    
    -Washington University has a stellar reputation in the Midwest, but very little name recognition on the coasts. It would be nice if the value of a Washington University degree was universally recognized.
    
    -The case study format of the program really lent itself to the Professional MBA program. It gave the program participants a framework to share their own experiences.
    
    -I would like to see the material (course packets, study guides) and books made available several weeks before the classes start so that I could take advantage of the breaks to study ahead for the upcoming classes. The materials were usually not available until a few days before the classes started and time management is critical in a part time MBA.
    
    -The program was so worthwhile from a learning perspective. My only complaint is that the quality of student was not up to par on what I was expecting, especially when I compare the quality of students in the Undergrad program at Washington University.
    
    -Faculty development at the core curriculum level needs strengthening. Facilities are more than adequate, but aging. More weekend and weeklong courses would have been appreciated.
    
    -This is a top-notch program, definitely the best in the area. Students come to this school from all over the world. The exposure to the diversity of cultures and backgrounds is invaluable. The course offerings are very broad and electives can be taken outside of the business school.
    
    -Remove some of the core course requirements for students with undergraduate degrees in business or find a way to meet the non-business undergraduate degree students needs for basic business academic knowledge.
    
    -Washington University not only provides a well rounded program that touches all of the functional business areas, but the faculty are all highly respected experts in their field and brought current events during the financial crisis into the classroom to get a real world experience.
    
    -The quality of student could be improved. 75% of the students are outstanding, but the other 25% have no business being enrolled in the PMBA program. Long term, I'm concerned that the 25% will cheapen the degree's worth.
    
    -My time at Washington University provided me with one of the most fulfilling educational experiences I have had. It was a pleasure to interact with the faculty on not only an academic level but a personal level. The administration proactively resolved an issues I had with career services, financial aid and scheduling. Most importantly though, the school encouraged an extremely cooperative academic environment and fostered it through regularly scheduled student activities that were highly anticipated and garnered significant participation, allowing not only my cohort, but all attending cohorts the opportunity to develop long standing relationships.