The University of Michigan Ross School of Business which has its reputation as one of the best business schools in the country has gathered tremendous momentum as a result of Stephen M. Ross’s donation to the school which is worth $100 million.
It is largely because of these funds, the institute has been able to unveil a revamped curriculum with an improved core and a greater selection of electives, and has also launched a remodeling plan that will bring greater architectural beauty and technology to the Ross campus.
With the new curriculum in place, the college encourages and promises the aspiring MBA candidates with a truly wonderful experience which will help shape up their lives in a better manner.
Admissions and Tuition:
Just like it peers, the University Of Michigan Ross School Of Business carefully selects its candidates from a vast pool of applicants. The statistics are there to prove the fact. Out of the entering class of fall 2007, only 20% of nearly 3,000 applicants were offered admission.
While selecting its deserving pool of small candidates, the institute carefully takes in account the key indicators which are as under:
The selection committee has chalked out strong selection criteria one amongst which is the strong intellectual ability, which is mainly demonstrated by the GMAT score and undergraduate GPA of the applicant.
“By Ross standards, solid numbers for future applicants would be near or above those of the entering class of 2007, whose average GMAT scores was 700, while the average undergraduate GPA was 3.3.”
Another characteristic that the school looks for is leadership, which can be demonstrated in part through an applicant’s professional achievements. The school also looks for an applicant’s rationale in pursuing an MBA, and also aims to find out how well the applicant fit in the institute’s approach to management. Applicant’s can relay these important points to the admissions committee through well-written essays, which can truly distinguish an application if they are of high-enough quality. By exhibiting strengths in these areas, students can maximize their chances of success in the admissions process of Ross, although there are no sure bets given the quality of the school’s applicant pool.
Well, a quality education like that offered by The University of Michigan- Ann Arbor (Ross) will surely have a cost attached to the institute in the form of tuition fee.
Applicants who are fortunate enough to secure a place in Ross’s entering class will pay a hefty price for their MBA, although of course, they will be glad to do so. For the 2008-2009 academic years, residents of the state of Michigan paid $38,289 to attend the school, while the tuition fees of non-residents came to $43,289.
Academics and Curriculum:
The first year at the institute is same for the all candidates entering the B-schools. Thus, fresh MBA’s in the first years are relatively spared from the task of choosing their electives. As compared to the second year students who have more demanding and rigorous life, the first year students live relatively simpler lives thanks to the team based assignments method of study. One such team-based project takes place at the mid-point of this trying first year, when Ross students enroll in the unique Multidisciplinary Action Project, which allows them to put their semester of knowledge to use by collaborating with several of their classmates in short-term consulting projects at various companies.
Following the completion of the MAP and the rest of their core requirements, students are eligible to select from among almost 150 elective courses in their second year. Ross allows a bidding system through which it ensures that all students stand an equal chance to secure a seat in the class they most desire. According to the institutions history, recent graduates have reportedly missed out only few of the electives in which they desire to enroll. Although the school offers an impressive selection of electives in all areas of its curriculum, its strongest areas are generally said to be consulting, finance, general management, and marketing.
Quality of Life:
The surrounding areas of The University of Michigan- Ann Arbor (Ross) prove to be a feather in the cap for the first year students. Along with enjoying a relatively less rigorous first year students (not excluding the second year students) can enjoy their cultural lives at the so called “the perfect college town”. The students can also pick for themselves plenty of outlets for relaxation and entertainment which help them ease out their stresses associated with life in larger cities.
While undergrads are known to dominate the student-friendly bars, clubs, and eateries throughout Ann Arbor, MBA students who are near to handle their responsibilities of life can also make use of such social places to distress themselves. Nevertheless, it is unlikely that Ross students will run out of enjoyable ways to spend their free time while at business school, especially when the numerous events hosted by the school and its student organizations throughout the academic year are taken into consideration.
Students planning to pursue their MBA with The University of Michigan Ross School of Business can either chose to live on campus or off campus. When they live chose to live off campus, they can find easily find comfortable and suitable housing for less than $1,000 per month. For its on campus students, Ross institute will doubtlessly prove an enjoyable stay with the newly built structure “that will provide an architectural presence, inside and out, befitting the Ross School’s national stature”, according to the school. The main attraction of this building is a glass-enclosed courtyard area that will allow students to enjoy outdoor elements throughout the year. Of course, this is a huge boon to Ross students given the notoriously rough winters of Ann Arbor.
Unlike other top business schools which offer strong employment prospects only in limited regions, Ross guarantees employment prospects throughout the year. In a typical year, roughly one-fourth of students stay in the Midwest to begin their post-MBA careers, about one-fourth accept job offers from employers in the New York area, almost one-fourth move to the West to put their MBAs to use, while the rest of the class is typically scattered throughout the country and the world. Thus, with their MBA’s done the student’s of Ross flourish all around the country creating a quality name for their institutions as well as themselves. This proves as a testament to the national prestige of Ross, as well as to the size and strength of its alumni network and the dedication of its career services office.
Also impressive is the fact that a significant number of Ross students enter each of the marketing, finance, and consulting fields each year upon graduation. This can be interpreted as evidence of the balance and overall strength of the Ross curriculum, since many top business schools typically send a sizeable majority of graduates into one of these three fields. In terms of the timing and quantity of job offers, about 85% of Ross students seeking employment have typically secured at least one job offer at graduation, while close to 90% have done so within three months of graduation. According to the placement history of the college the average starting salary for graduates of the class of 2007, including bonuses, were $120,408.
Naturally, when scanning and joining the MBA institutes, what one scans the colleges in terms of compensation he or she is going to get?
Keeping the rigorous study schedule in mind and the hike in the salary which you will get post your degree, The University Of Michigan Ross School of Business can most likely be one of the options which the students can chose to shape up their career path which can ultimately help them to get better jobs. This not only means more money but better opportunity to meet the demands of their hectic and tough life.
With its tradition of excellence and its recent curricular and architectural rejuvenation, the Ross School of Business of the University of Michigan continues to maintain its place among the world’s elite business schools.
Ross offers tremendous employment prospects and remuneration benefit across the country and in various major fields, ensuring the students reap their hard work well and get to work with various companies across the country which helps them in their career and lives ahead.
701 Tappan Street
Ann Arbor, Michigan 48109
2009 U.S. News Ranking: 12th
Average GMAT score: 700
Average undergraduate GPA: 3.3
Application fee: $180
Application deadline: 3/01
Entering class size: 427
Yearly Tuition: Resident: $38,289, Non-Resident: $43,289 (2008-2009)
Percent of graduates employed 3 months after graduation: 89.5%
Average starting salary and bonus: $120,408