Cranfield University

Program Basics

• • Cranfield School of Management
  • Cranfield School of Management
  • Cranfield
  • Bedford, MK43 0AL
  • United Kingdom of Great Britain
  • Program Web site: http://www.cranfieldMBA.info
  • Status: Public
  • Program e-mail address: l.a.smith@cranfield.ac.uk
  • Graduate business school is accredited by:
    • EQUIS
    • Association to Advance Collegiate Schools of Business (AACSB)
    • European Foundation for Mgt. Development (EFMD)
    • Association of MBAs (AMBA)

SCHOOL BASICS

• Graduate business school enrollment:

  • Full-Time MBA: 149
  • Executive MBA: 116
  • PhD Program: 69
• • Other graduate degree programs:
    • Master of Finance
    • Master of Human Resources
    • Master of Marketing

PROGRAM COSTS

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

  • Resident: $47,900.00
  • Nonresident: $47,900.00
  • Recommended annual budget (Resident): $15,900.00
  • Recommended annual budget (Nonresident): $15,900.00

PROGRAM LENGTH

• • Full-time program (months): 12

ADMISSIONS

• • Does the program have rolling admissions? Yes
  • 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: Very Important
  • Resume/Work Experience: Very Important
  • Application Essays: Very Important
  • Interviews: Very Important
  • Recommendations: Very Important
  • Undergraduate Transcripts: Very Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 446
  • Applicants who were accepted to the most recent class: 50 %
  • Admitted applicants who enrolled in the newest class: 67 %
  • Applicants who were re-applicants from prior years: 3 %
  • Percentage of this year's reapplicants accepted: 100 %
  • Applicants wait-listed during the last admissions cycle: 0
  • Applicant interviews are: Required
  • Applicants (admitted and denied) who were interviewed: 60 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 94 %
  • Applications from women received: 21 %
  • Mean base salary forgone: $48,117.00
  • Median base salary forgone: $46,363.00

CLASS PROFILE

• Full-time students in newest entering class (2009-2010) that are:

  • Female: 22 %
  • International: 90 %

• Students from following regions:

  • Africa: 7 %
  • Asia: 47 %
  • Eastern Europe and Central Asia: 8 %
  • Latin America and the Caribbean: 8 %
  • Middle East: 1 %
  • North America: 3 %
  • Oceania: 5 %
  • Western Europe: 21 %
  • Dual citizenship: 7 %
• • Mean months of work experience of newest entering class: 84
  • Median months of work experience of newest entering class: 72

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

  • From: 48
  • To: 132
• • Median age of entering class: 30
  • Mean age of entering class: 31

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: 92 %
  • Full-time MBAs receiving financial aid in the current academic year: 67 %
  • Mean MBA financial aid package for the current academic year: $12,232.00
  • Median MBA financial aid package for the current academic year: $10,818.00
  • On what basis are scholarships awarded?
    • academic merit
    • financial need
    • a combination of need and merit
    • some other criteria
  • How does an applicant apply for scholarship consideration? all candidates are considered for scholarship
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $12,232.00
  • 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: 680
  • Median: 680

• Middle 80% range GMAT scores:

  • From: 630
  • To: 730

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 50
  • Average number of students in a full-time MBA elective class: 35
  • Elective courses available to full-time MBA students: 15

• Electives that have been added to the full-time program since June 30, 2009: Managing the

  • Advanced Negotiation
• • 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:

  • • Entrepreneurship
    • Organizational Behavior
    • Marketing
    • Corporate Social Responsibility
    • Supply Chain Management

FACULTY

• • Faculty employed by the B-school: 229

• Full-time faculty:

  • Tenured: 93
  • Non-Tenured: 13

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 136

• Women on Faculty:

  • Tenured: 26
  • Non-Tenured: 5

• Minority Faculty:

  • Tenured: 10
  • Non-Tenured: 0

• International Faculty:

  • Tenured: 37
  • Non-Tenured: 7

• Faculty with PhDs:

  • Tenured: 72
  • Non-Tenured: 9

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Finance
    • VC/ Private Equity
    • Corporate Social Responsibility/NetImpact
    • Business Ethics
    • Entrepreneurship
    • Environmental

• Networking clubs available to full-time MBA students:

  • • Partners/Family
    • Women in MBA

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 30 %
  • Distance Learning: 0 %
  • Experiential Learning: 0 %
  • Lectures: 35 %
  • Simulations: 15 %
  • Team Projects: 20 %

• Requirements for graduation:

  • • Students are required to complete international experience
    • Students must complete a company-specific project and present results to relevant parties
    • Students must have earned a pre-determined GPA/Letter grade average

TECHNOLOGY

• • Technology improvements in the last three academic years: New school website. Creation of YouTube.edu web presence. Installation of university wide wireless network. Upgrade of 50% of teaching rooms. Opening of 52 seat computer learning facility. Introduction of Cranfield's subscription based Knowledge Interchange Online. Upgrade to 'commercial quality' of School's TV studio and editing suite.

B-SCHOOL ALUMNI

• • Living MBA alumni: 7,956
  • Active MBA alumni clubs: 41
  • Countries in which MBA clubs exist: 38
  • 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.cranfield.ac.uk/alumni
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.cmaworld.org
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 98 %
  • Graduates not seeking employment: 2 %
  • Graduates for whom you have no information regarding employment: 0 %

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

  • Destination: Bloomberg - London, UK
  • Month: january
  • Destination: Amazon - Marston Gate DC, UK
  • Month: March
  • Destination: Johnson & Johnson Recruiting Event, London, UK
  • Month: October

• Primary source of job offer:

  • School-facilitated activities: 33 %
  • Graduate-facilitated activities: 67 %

• Job Offers for 2010 graduates

  • Accepted first job offer by graduation: 47 %
  • Accepted first job offer in three months following graduation: 49 %
  • Accepted first job offer more than 3 months after graduation: 0 %
  • Did not report having accepted a job offer: 4 %
• • Job-accepting graduates who received a signing bonus: 12 %

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

  • Mean base salary: $87,594.00
  • Median base salary: $84,998.00
  • Mean signing bonus: $24,645.00
  • Median signing bonus: $20,769.00

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

  • Consulting: 24 %
  • Finance/Accounting: 11 %
  • General Management: 30 %
  • Human Resources: 0 %
  • Marketing/Sales: 10 %
  • Management Information Systems: 5 %
  • Operations/Logistics: 11 %
  • Other: 9 %

• Graduating students who accepted jobs in the following industries:

  • Government: 4 %
  • Consulting: 14 %
  • Consumer Products: 6 %
  • Financial Services: 12 %
  • Manufacturing: 5 %
  • Media/Entertainment: 0 %
  • Non-Profit: 6 %
  • Petroleum/Energy: 4 %
  • Pharmaceutical/Biotechnology/Health Care: 4 %
  • Real Estate: 14 %
  • Technology: 21 %
  • Other: 10 %

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

  • Africa: 7 %
  • Asia: 12 %
  • Eastern and Central Europe and Central Asia: 2 %
  • Latin America and the Caribbean: 1 %
  • Middle East: 6 %
  • North America: 4 %
  • Oceana: 1 %
  • Western Europe: 65 %

• • -The Cranfield MBA helps a great deal in personal development and I would strongly recommend my friend if he or she is looking for personal development from the MBA program.
    
    -The experience among Cranfield students and of the Cranfield program gave me not only the hard skills I use every day but made me aware of much more in the soft field which is hard to explain but gives me the advantage not only in the working environment but in my whole life. My awareness of the world has completely changed.
    
    -Cranfield is a good place and has a distinguished faculty, but the careers dept. is rather weak in getting the job opportunities for the students. Furthermore, in my case, when two job offers were retracted the careers dept. did not follow up as to why such unethical practices are still the norm.
    
    -It is an excellent program, not just for switching one's career or location, but also because it adds many different perspectives to one's thought process and these management concept are valuable irrespective the industry/ location/ position. Also, the huge emphasis on people management is another area that differentiates this MBA from the rest. The present economic environment may not make a big career transition right away, but the rapid improvement in the process of idea creation and analyzing skills will be immediately realized.
    
    -The Cranfield MBA has a solid academic program, and is certainly very well suited to candidates with significant working experience, given that the class profile is on the mature side.
    
    -Cranfield is very good value for money: one year long only, excellent level of teaching in economy, finance and entrepreneurship to name only a few, high quality support and learning on soft skills, 32 nationalities in my cohort, team working and collaborative environment, high quality and availability of faculty and the alumni network is highly helpful. Probably the most enriching thing I've ever done.
    
    -The hallmarks of the Cranfield MBA are personal development and the teaching of management practice applied to business realities. The Cranfield MBA will start you thinking seriously about your personal development, and will equip you with tools to further it after you graduate. The high internationality and experience of the alumni will increase the value of your learning, as well as your network.
    
    -I strongly recommend. However, it has to fit their expectations on terms of career path. It’s an excellent school for general management, consulting, supply chain, economics and leadership, but not for finance.
    
    -One unique and positive aspect of Cranfield School of Management is in its location away from cities. This allows for better concentration on studies and more practice in teamwork as most students live on campus.