Boston University

Program Basics

• • School of Management
  • Boston University School of Management
  • 595 Commonwealth Avenue
  • Boston, 02215, Massachusetts
  • United States
  • Program Web site: http://management.bu.edu/gpo/fulltime/index.html
  • Status: Private
  • Program e-mail address: mba@bu.edu
  • Graduate business school is accredited by:
    • Other
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 1,210
  • Full-Time MBA: 333
  • Part-Time MBA: 692
  • Executive MBA: 37
  • PhD Program: 36

PROGRAM COSTS

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

  • Resident: $79,632.00
  • Nonresident: $79,632.00
  • Recommended annual budget (Resident): $57,634.00
  • Recommended annual budget (Nonresident): $57,634.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2011
  • Deadline: Nov 1, 2010
  • Semester: Fall 2011
  • Deadline: Jan 5, 2011
  • Semester: Fall 2011
  • Deadline: Mar 14, 2011
• • Does the program have rolling admissions? No
  • 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 Computer Based
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: 600

• Relative Importance of Application Elements:

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

APPLICANTS

• • Applications (admitted and denied) to the newest class: 1,387
  • Applicants who were accepted to the most recent class: 28 %
  • Admitted applicants who enrolled in the newest class: 41 %
  • Applicant interviews are: By invitation only
  • Applicants (admitted and denied) who were interviewed: 51 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 57 %
  • Applications from women received: 41 %

CLASS PROFILE

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

  • Female: 38 %
  • International: 37 %

• Students from following regions:

  • Africa: 2 %
  • Asia: 21 %
  • Eastern Europe and Central Asia: 2 %
  • Latin America and the Caribbean: 6 %
  • Middle East: 2 %
  • North America: 67 %

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

  • African American: 3 %
  • Asian American: 12 %
  • Hispanic or Latino American: 7 %
  • White (Non-Hispanic): 67 %
  • Chose not to report: 8 %
  • Other: 3 %

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

  • Northeast: 59 %
  • Mid-Atlantic: 9 %
  • South: 4 %
  • Southwest: 3 %
  • Midwest: 4 %
  • West: 21 %
• • Mean months of work experience of newest entering class: 56
  • Median months of work experience of newest entering class: 50

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

  • From: 27
  • To: 86
• • Median age of entering class: 27
  • Mean age of entering class: 28

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • Full-time MBAs who applied for financial aid for the current academic year: 100 %
  • Full-time MBAs receiving financial aid in the current academic year: 87 %
  • Mean MBA financial aid package for the current academic year: $34,801.00
  • Median MBA financial aid package for the current academic year: $35,000.00
  • On what basis are scholarships awarded?
    • academic merit
  • How does an applicant apply for scholarship consideration? As part of the admissions application
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $20,874.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 100 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No

GMAT

• • Are applicants required to take the GMAT? Yes

• GMAT scores:

  • Mean: 681
  • Median: 690

• Middle 80% range GMAT scores:

  • From: 620
  • To: 740

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 52
  • Average number of students in a full-time MBA elective class: 27
  • Elective courses available to full-time MBA students: 71

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

  • Customer Relationship Management
  • Leading High Performance Teams and Project Groups
  • Strategies for Bringing Technology to Market

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

  • • Health Care Administration
    • Technology
    • Entrepreneurship
    • Finance
    • General Management
    • International Business
    • Management Information Systems
    • Marketing
    • Operations Management
    • Strategy
    • Public Administration
  • Health Sector Management; Public & Nonprofit Management

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

  • • MBA/MA (Arts)
    • MBA/JD (Law)
    • MBA/MD (Medicine)
    • Other
    • MBA/MS (Science)
• • 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:

  • • Health Care Administration
    • Finance
    • Marketing
    • Technology
    • Public Administration

FACULTY

• • Faculty employed by the B-school: 184

• Full-time faculty:

  • Tenured: 53
  • Non-Tenured: 71

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 60

• Women on Faculty:

  • Tenured: 11
  • Non-Tenured: 38

• International Faculty:

  • Tenured: 20
  • Non-Tenured: 17

• Faculty with PhDs:

  • Tenured: 49
  • Non-Tenured: 73

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Finance
    • Media & Entertainment
    • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Consulting
    • Entrepreneurship
    • Marketing
    • Nonprofit
    • Environmental
    • Information Technology
    • High Tech

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • Partners/Family
    • Women in MBA
    • International Club
    • Volunteer
    • Gay/Lesbian/Bisexual

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 50 %
  • Distance Learning: 0 %
  • Experiential Learning: 5 %
  • Lectures: 30 %
  • Simulations: 5 %
  • Team Projects: 10 %

• Requirements for graduation:

  • • 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: During the past 3 academic years the art, science and technology of business education delivery was leveraged through new/upgraded open source, in-house developed and off-the-shelf products for: lecture delivery and capture; classroom participant response; interactive case delivery; financial modeling, research and analysis; marketing surveys; Web site development; virtual meeting spaces and team collaboration; Webinars; digital signage, branding and communication; and peer-to-peer networking.
  • Amount spent: $5,360,639.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 17,739
  • Active MBA alumni clubs: 31
  • Countries in which MBA clubs exist: 29
  • Living MBA alumni who gave in past year: 8 %
  • Mean gift from MBA alumni: $1,856.00
  • Median gift from MBA alumni: $100.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • 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.bu.edu/life/alumni/careers/can/
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://management.bu.edu/alu/link.html
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 86 %
  • Graduates not seeking employment: 4 %
  • Graduates for whom you have no information regarding employment: 10 %

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

  • Destination: Finance Trek
  • Month: September/October
  • Destination: West Coast Networking Trek
  • Month: November
  • Destination: East Coast Networking Trek
  • Month: October

• Primary source of job offer:

  • School-facilitated activities: 47 %
  • Graduate-facilitated activities: 24 %
  • No information provided by graduate: 29 %

• Job Offers for 2010 graduates

  • Accepted first job offer by graduation: 68 %
  • Accepted first job offer in three months following graduation: 18 %
  • Accepted first job offer more than 3 months after graduation: 1 %
  • Did not report having accepted a job offer: 13 %

• Top recruiting organizations most recent academic year:

  • Philips Health Care 6
  • Chevron 3
  • Ericsson 3
  • Brigham & Women's Hospital 2
  • IBM 2
  • Deloitte Consulting 2
  • EnerNOC 2
  • Lahey Clinic 2
  • Scientia Advisors 2
  • Pricewaterhouse Coopers - Healthcare 2
  • Turkish Treasury 2
  • Fidelity Investments 2
• • Job-accepting graduates who received a signing bonus: 19 %

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

  • Mean base salary: $84,814.00
  • Median base salary: $85,000.00
  • Mean signing bonus: $13,625.00
  • Median signing bonus: $15,000.00
  • Mean other guaranteed compensation: $13,977.00
  • Median other guaranteed compensation: $10,000.00

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

  • Consulting: 21 %
  • Finance/Accounting: 17 %
  • General Management: 26 %
  • Human Resources: 1 %
  • Marketing/Sales: 24 %
  • Management Information Systems: 7 %
  • Operations/Logistics: 3 %
  • Other: 1 %

• Graduating students who accepted jobs in the following industries:

  • Government: 3 %
  • Consulting: 13 %
  • Consumer Products: 4 %
  • Financial Services: 11 %
  • Manufacturing: 3 %
  • Media/Entertainment: 4 %
  • Non-Profit: 13 %
  • Petroleum/Energy: 9 %
  • Pharmaceutical/Biotechnology/Health Care: 21 %
  • Real Estate: 3 %
  • Technology: 14 %
  • Other: 2 %

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

  • Africa: 1 %
  • Asia: 3 %
  • Latin America and the Caribbean: 3 %
  • Middle East: 3 %
  • North America: 86 %
  • Western Europe: 3 %

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

  • Northeast: 72 %
  • Mid-Atlantic: 7 %
  • South: 0 %
  • Southwest: 2 %
  • Midwest: 4 %
  • West: 15 %

• Top recruiting organizations for internships, most recent academic year:

  • Ericsson 5
  • Bank of America 4
  • Pricewaterhouse Coopers 4
  • Johnson & Johnson 4
  • Biogen Idec 3
  • Education Pioneers 3
  • New Balance 3
  • Beacon Health Strategies 3
  • Genzyme 3
  • Novartis 2
  • Depuy 2
  • The Hartford Financial Services 2
  • Barclays Capital 2
  • Communispace 2
  • Analogic/Fidelity Investments 2
• • Internships awarded that are paid: 87 %

• Weekly internship compensation:

  • Mean: $1,038.00
  • Median: $1,000.00
• • Average internship length in weeks: 12

• • -The faculty is great to work with, they not only teach you subject matter but also help you outside of the classroom: further explanations and networking with their contacts. The career center is extremely helpful to reach out to corporate contacts for job searching purposes and do a great job helping students prepare for interviews. My peers are very bright students and great to be around. The school has a great mix of being competitive and collaborative.
    
    -It's a challenging environment, with a lot of smart students and professors. The class size is appropriate; enough people to have interesting and different points of view, but still have plenty of air time to let your ideas be heard. The school staff is always looking to make your experience the best and help you out at whatever you need. The class mix is varied, which allows you to have a solid background and complement it with interesting electives. The location of the school is ideal as it is the city of Boston.
    
    -BU didn't give me what I wanted from a MBA program. Teaching, career help, etc.
    
    -The MS-MBA program is a phenomenal opportunity to learn not just strategies, but practical solution development for the intersection of technology and business. The point of the program is not to turn out technologists; however, if that is what you want, you can certainly accomplish that. Rather, with the continued confluence of technology into the every day operations and, for some companies, their competitive advantage, you come out of the program with a lasting framework for evaluating a company's internal and external challenges and opportunities and proposing real world solutions.
    
    -Although Boston University may not be considered a "top tier" institution, I believe the quality of my education was quite good. Additionally, the opportunity to work with such a diverse student body has allowed me to grow as an individual. I see this as the true value of an MBA.
    
    -I don't believe you need the MBA, but if you are going to pursue it, you need a strong moral and ethical foundation for your technical knowledge. That is what Boston University does. The program focuses on sustainability, triple bottom line, social development, and corporate responsibility. All these are crucial to achieve real success.
    
    -BU is a great school from MBA education perspective. A lot of improvement needed for career services. Very few good companies come to campus for recruiting.
    
    -Boston University's unique Health Sector Management track and Integrated Project really shaped my experience. I feel these unique aspects of the program make it stand out.
    
    -I had done a lot of research, so I knew what I was getting into with BU as far as academics and work load. What surpassed my expectations was the caliber of my classmates. I really enjoyed the program and would recommend it to those considering an MBA, especially the dual degree program options.