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Lubin Marketing Professor Discusses Job Prospects in the Marketing and Advertising Fields

The Street, a source of current business and financial news, consulted Pace University’s Lubin School of Business Professor of Marketing, Dr. Larry Chiagouris, late last month about a choice faced by students interested in the similar, yet distinct fields of Marketing and Advertising: when considering post-graduate job opportunity and earning potential, which discipline should they specialize in? Dr. Chiagouris, author of The Secret to Getting a Job After College: Marketing Tactics to Turn Degrees Into Dollars (Brand New Marketing Publishers, 2011), gave TheStreet his expert feedback concerning jobs and salaries for Marketing and Advertising professionals.

Professor Chiagouris described the Marketing specialization as a broader, more diversified line of study. Marketing majors are employable within a much wider range of industries; businesses must be marketed regardless of the products and services they offer. Chiagouris explained that Advertising specialists are really limited to their own industry for employment because the academic training in Advertisement is tailored to that industry in particular. However, setting aside any professional allegiance to the Marketing field, Chiagouris is clear that employers frequently seek out hyper-specialization and set skillsets among potential employees. Therefore, although they may be limited to their own industry, Advertising students hold more appeal for employers than Marketing students according to Chiagouris’s research on post-graduate employment within the two fields.

Professor Chiagouris’s assessment shifted from job opportunity to earning potential, the other deciding factor between Advertising and Marketing according to The Street’s parameters. Chiagouris explained that Marketing and Advertising specialists will initially receive very similar compensation when they first enter the workforce. However, because Advertising professionals focus on sales, there is no limit to their earning potential. If sales continue, and they close deals with more clients, their salaries grow. Marketing professionals, connected with particular business(es), will peak much sooner in terms of salary growth. According to Chiagouris’s research, after five years, the Marketing professional who started off making a salary similar to his Advertising counterpart will make around $60,000 to $70,000, whereas the five-year Advertising Executive will likely make around $200,000.

Quantitative data aside, potential Marketers or Advertisers will have to weigh their personal preferences when determining their specialization; Professor Chiagouris’s data shines a light on some of the job hiring and compensation statistics, but cannot (by his own admission) account for the element of individual interest that will ultimately be the deciding factor for a student choosing an academic or professional specialization.

Learn More About Pace’s MBA Programs Here >>

Ken Lombard, Real Estate Investment Expert, Offers B-School Advice in New York Times Interview

On July 6, New York Times journalist Adam Bryant sat down with Ken Lombard, member of the Capri Capital Partners investment team and frequent guest speaker at business schools across the country, including UPenn’s Wharton and Harvard Business School. Lombard’s nuggets of wisdom for current MBA students and recent graduates came from a place of knowledge and experience. Lombard has worked for 31 years in real estate investment and management. Before joining CCP, he served as President of Starbucks Entertainment and headed the (Magic) Johnson Development Corporation (JDC). Bryant asked Lombard for his best advice for b-school students; Lombard’s recommendations centered on two things: drive for success and the ability to make tough decisions.

Lombard’s first suggestion for MBA students—stay hungry for success and stay in the game of always learning—was meant to encourage lifelong business “learning.” In Lombard’s experience, some students finish an MBA, believe they’ve completed their time as a student, and lose some of the edge that brought them to business school in the first place. Lombard characterizes the competitive economy as a “game,” and if you want to win, you have to be “hungry” for achievement and growth. Otherwise, others will bypass you.

When Bryant asked Lombard to characterize business professionals he might hire, Lombard explained that authenticity, a desire to learn from those in one’s field, and the ability to answer questions with clarity and humility impressed him most. Lombard believes that the MBA degree sets a solid foundation of knowledge, but that one should continue to evolve when he or she enters the workplace and is exposed to colleagues and competition.

Lombard’s second suggestion to MBA students was simply to trust their instincts and to know when to put aside statistical analysis and take a calculated risk. Lombard conceptualizes business acumen as a combination of strong analytical skills with the courage of leadership; analytical leaders can still make a decision even with an uncertain outcome. Harkening back to his first point about continual business learning, Lombard closed the interview advising up-and-coming business professionals to seek out those who have succeeded in their industries, learn what they can from them, and never feel as if what has already been done can’t be done again.

Tech Firms, Start-ups and Nontraditional Careers: MIT Sloan’s MBA Class of 2013 Branches Out

Official employment reports for the MIT Sloan School of Management Class of 2013 have yet to be released, but Susan Kline, Director of Sloan’s Career Development Office, shed some light on what the most recent class of MBA graduates will be doing as they join the workforce. According to Kline’s data, approximately forty percent of the Sloan MBA class of 2013 will pursue non-traditional business ventures and specializations.

The less traditional specializations Sloan’s most recent graduates gravitate to include: entrepreneurship, sustainability, healthcare, entertainment, media and sports management, among others. To Kline, the shift in focus demonstrates foresight; innovative MBA graduates appear ready to adapt to a competitive economy by any means necessary. She predicts that record number of Sloan students will launch their own businesses, begin their careers in the tech industry, and specialize within entrepreneurial niches of traditional business areas like consulting, finance, and technology. Meanwhile, interest in pursuing traditional MBA careers like investment banking has stagnated.

Most importantly, she says this is a national trend not confined to MIT.

Kline’s analysis comes on the heels of remarks by Columbia Business School Dean Glenn Hubbard about the importance of integrated curricula to MBA study. On its face, MIT’s employment data might seem to undermine Hubbard’s suggestion that MBAs should avoid narrow, specialized courses of study. In fact, Kline’s perspective could vindicate Hubbard’s pedagogical insistence on the importance of a general management education. The takeaway is that economic pressures are pushing MBA graduates to become more creative, independent, adaptable and entrepreneurial, whether they work for an established firm or for themselves. That requires a generalist’s grasp of all the various functions of business and how they fit together, which is what the broad management foundation of an MBA can provide.

Related articles

• MIT Sloan and BPMA Discuss an Untapped Business Resource: Customer Innovation (metromba.com)
• MIT Sloan Professor Paves the Way for Women Entrepreneurs (metromba.com)

Exports Critical to Growth for NYC Small Businesses, Forecasts New Report

Small businesses based in New York City are increasingly dependent on exporting their products and services, according to a report from Manhattan Borough President Scott Stringer that was reported by the Wall Street Journal on June 11^th. The news is relevant to prospective MBA students intending to pursue careers at small businesses or startups in New York City. These professionals will increasingly design, market and sell their products or services to international markets, and should consider MBA programs with concentrations in international business and global supply chain management.

Larger businesses headquartered in NYC have long exported on a global scale. Today, however, smaller ventures serve as the chief source of job growth in the city. Exports to new international markets saved many of these firms from the sharpest pains of the economic recession, while many of the city’s larger firms and financial institutions struggled.

NYC’s small business owners and entrepreneurs may not have to go it alone much longer when they export. Business leaders in cities like Seattle and Los Angeles have worked toward creating independent councils focused on developing communication channels and opportunities chiefly for exporters.

Many established small business owners in New York are pushing for similar support as they consider where and how to distribute their products. Stringer’s report proposes uniting the functions of over 17 different New York City agencies into a single independent regional export council, an idea that has been endorsed by New York City Council Speaker and prominent mayoral candidate Christine Quinn.

Social Impact MBA

Boston University Social Impact MBA Program Structure

After the one-week Pre-Core that helps prepare students for the MBA curriculum, students begin classes in early September, with the semester concluding in mid-December. Spring classes begin after a three-week winter break and wrap up in early May. First-year students split their first two semesters into shorter modules: in the fall, students complete two 7.5-week core modules, while in the spring they take a one-week course on business law, a 7.5-week core module and a 6.5-week exploration module dedicated to electives. Second-year classes meet for the entire semester. Internships are typically required between the first and second year, but Social Impact MBA students may be able to waive the requirement with proof of applicable work experience, given approval by the Graduate Programs Office.

Curriculum

The Boston University Social Impact MBA consists of 64 credits in total, including 34 required credits that can be taken at either a full-time or part-time pace. If students hold professional certifications such as a CPA or pass an examination, some of these core courses can be waived. After a one-credit Pre-Core course covering topics like ethics, teamwork and analytical thinking, students divide into 50 to 55-member cohorts that take all core courses together.

The first semester consists of two modules with three courses each, lasting 7.5 weeks. In Core Module 1, students take: Organizations, Markets, and Society; Business Analytics (Data Analysis and Risk); and Financial Reporting and Analysis. In the second half of the semester, Core Module 2, students take Creating Value through Operations and Technology; Marketing Management and Finance 1. At the start of their second semester, students must complete an intensive two-credit class on business law. Following these week-long classes is Core Module 3, another 7.5-week block consisting of three courses: IT Strategies for a Networked Economy; Leading Organizations & People; and Competition, Innovation & Strategy. Students round off this semester with three three-credit electives that last for 6.5 weeks.

During their second years, students complete the required Ethical Leadership in a Global Economy, Professional Skills, and the Global Engagement Experience. Students finish the year and the rest of their remaining credits through electives. Students are encouraged to apply for concentrations during their second semester to take full advantage of the many activities sponsored by the respective departments and institutes.

Concentrations are open to Social Impact students, though not required. After completing four to five electives in their chosen area, students can earn a Certificate of Concentration upon graduation. Concentration options include: Energy and Environmental Sustainability, Entrepreneurship, Finance, Leadership and Organizational Transformation, Marketing, Operations and Technology Management, and Strategy and Innovation.

Class Profile

The most recent Boston University full-time MBA class featured 157 students. The mean work experience for enrolled students was five years and the mean age upon matriculation was 27-years old. The mean undergraduate GPA was 3.3 and the mean GMAT was 681. Nearly 44 percent of the class was female and 39 percent were international students.

A full 49 percent of students in the class held undergraduate degrees in computer science, engineering, business, accounting, economics or finance. About 35 percent have degrees in the humanities or social science, while 16 percent obtained degrees in math or hard sciences.

Career Statistics

Within three months of graduation, 91 percent of the Class of 2018 accepted a job offer. The median base salary for the full-time MBA class was $93,387 with an average total signing bonus or other compensation for domestic students of $17,790. The most popular industries were health/pharmaceutical/biotech and consulting services with a combined total of 49 percent of the graduating class.Technology/science followed with 17 percent of employed graduates. Students also found jobs in the media/entertainment, non-profit, government and manufacturing industries, among others.

For the Class of 2018, 94 percent of students seeking an internship accepted an offer.

Tuition, Scholarships, and Financial Aid

For the 2019-20 academic year, the tuition for Boston University Social Impact MBA students is $55,480 and $932 for fees. As for other expenses, the BU Questrom School of Business estimated room and board at $14,190 books and supplies at $1,574 and other incidentals at $4,374.

Massachusetts law requires all students who carry at least 75 percent of the full-time curriculum to have medical insurance. Students who cannot demonstrate coverage under a qualifying medical insurance plan are required to purchase the University’s student health insurance plan. The cost of BU Medical Insurance for the 2019-20 academic year is $2,466.

The admissions committee automatically considers students for a variety of merit scholarships based on an applicant’s academic, professional and extracurricular accomplishments. The school reports that more than 90 percent of students received some form of financial assistance through the school, with the average scholarship amount at more than half of tuition each year. Military veterans, meanwhile, are encouraged to apply to the Yellow Ribbon program, which offers up to $2,600 per student per semester to the first 20 eligible students that apply.

U.S. citizens and permanent residents can apply for federal student loans. BU also shares information with students on alternative private loans they can explore.

Admissions

To apply to the BU MBA program, applicants should submit an online application form, two letters of recommendation, a current resume, all undergraduate and graduate transcripts, GRE or GMAT test scores, three video essays (or one written essay), and an application fee of $125. International applicants who do not come from an English-speaking country or who did not graduate from a college in an English-speaking country must also submit TOEFL, IELTS or PTE scores.

Most admitted students have at least two years of previous professional work experience before enrollment, but it is not explicitly required.

Application deadlines are as follows:

October 17
January 2
March 8

Full-Time MBA

Boston Questrom Full-Time MBA Program Structure

After the one-week Pre-Core that helps prepare students for the Boston Questrom full-time MBA curriculum, students begin classes in early September, with the semester concluding in mid-December. Spring classes begin after a three-week winter break and wrap up in early May. First-year students split their first two semesters into shorter modules: in the fall, students complete two 7.5-week core modules, while in the spring they take a one-week course on digital innovation, a 7.5-week Finance II class as well as semester-spanning core classes. That semester ends with a capstone project.. Internships between the first and second year are strongly encouraged but not required.

Curriculum

The Boston University full-time MBA program consists of 64 credits in total, including 34 credits of required core courses. If students hold professional certifications such as a CPA or pass an examination, some of these core courses can be waived. After a one-credit Pre-Core course covering topics like ethics, teamwork, and analytical thinking, students divide into 50-to 55-member cohorts that take all core courses together.
The first semester consists of two modules with three courses each, lasting 7.5 weeks. In Core Module 1, students take Organizations, Markets, and Society; Managing Organizations and People; and Financial Reporting and Analysis. In the second half of the semester, Core Module 2, students take Business Analytics (Data Analysis and Risk); Marketing Management, and Finance 1. At the start of their second semester, students must complete an intensive 1.5-credit class on Digital Innovation. Following these week-long classes is Core Module 3, another 7.5-week block consisting of Finance II: while simultaneously beginning Creating Value Through Operations and Technology; and Competition and Innovation & Strategy which last for the whole semester. There is also a 1.5 credit Capstone project and students round off this semester with three three-credit electives.
During their second years, students complete the required Ethical Leadership in a Global Economy, Professional Skills, and the Global Engagement Experience. Students finish the year and the rest of their remaining credits through electives. Students are encouraged to apply for concentrations during their second semester to take full advantage of the many activities sponsored by the respective departments and institutes.
Concentrations are open to all full-time students, though not required. Concentration options include Energy and Environmental Sustainability, Entrepreneurship, Finance, Leadership & Organizational Transformation, Marketing, Operations Technology and Management, and Strategy & Innovation.
MBA students also have the opportunity to travel abroad to areas such as Brazil, India, Europe, or Southeast Asia through a Global Immersion Course. After several meetings discussing the region prior to departure, students spend about two weeks traveling and exploring key economic, business, and policy topics.

Boston Questrom Full-Time MBA Rankings

• U.S. News & World Report: 48 (tie)
• Bloomberg: 49
• Forbes: 51

Class Profile

The class of 2022 had a total class size of 80 with an admit rate of 58%.   Students joined the program with an average GMAT score of 625, typically ranging between 570-680.  The average GRE score was 308, typically ranging between 296-322.  Prior to enrollment, students in the program earned a 3.22 GPA, with an average of 4 years of professional work experience.

About 31% of enrolled full-time MBA students are female, with 69% male students. The average age of the class is currently 27.  Lastly, about 10% of the class consisted of international students.

Career Statistics

The average salary for the class of 2020 was $120,334. The most popular industry chosen by graduates was financial services at 27 percent. The Tech industry at 22% and Pharma/Biotech/Healthcare at 13% follow.

Tuition, Scholarships, & Financial Aid for the Boston Questrom Full-Time MBA

Tuition for the current academic year for the Boston Questrom Full-Time MBA is $55,380($27,690 per semester), totaling $110,760 over two years. Full-time students should also budget for room and board (per academic year), $3,120 for health insurance, and $3,255 for personal expenses. Books and supplies will cost about $1,300 and transportation will be roughly $2,020.

A number of scholarships are available to both domestic and international full-time students. Candidates will be automatically considered for these scholarships at the time of application. In 2019 more than 90 percent of newly enrolled students received a merit-based award. These awards averaged $40,000, and students are notified about whether they have received aid at the time of admission. About half of entering part-time MBA students in 2019 received scholarships averaging over $7,000 each.

Graduate assistantships entailing research or administrative work in exchange for a financial award are another option for students seeking financing. Additionally, Carroll students who are receiving scholarships may pursue assistantships as well. Students of Irish descent may qualify for a full-ride through The Denis O’Brien Fellowship. The school also encourages U.S. military veterans to contact Student Services in order to learn more about tuition reduction and an application fee waiver option.

Admissions

In order to apply for admission to the full-time program, first-time domestic candidates must submit several materials. They should send a completed online application form, résumé, employment history, one personal essay, one recommendation letter, transcripts from all academic institutions attended as part of a degree-granting program, official GMAT or GRE scores, and a nonrefundable application fee of $100. International applicants must additionally submit TOEFL, IELTS or PTE scores. However, the school will extend waivers for these scores to international applicants. These applicants must have completed a four-year bachelor’s or two-year master’s degree at a school where English is the official language. They must have also worked full-time in the U.S. for at least two years.

The admissions committee will select several students to invite for an interview. Students may not request or schedule interviews otherwise.

Candidates who applied for admission within the past year may reapply for a place in the program using a streamlined form. In addition to this form, applicants must submit a cover letter, résumé, updated test scores and transcripts if applicable and an essay.

Applicants are not strictly required to have work experience to apply for the program. It is, however, advised that applicants have at least two years of previous experience.

2021-2022 Boston Questrom Full-Time MBA Deadlines

Full-Time MBA

Harvard Full-Time MBA Program Structure

Harvard Business School’s Full-Time MBA program lasts two years, with students using the summer break between the first and second year to complete an internship.

Curriculum

At the start of the Harvard MBA program, incoming students are divided into sections of around 90 students who take all of their first-year courses together. These sections are designed to include a diverse range of backgrounds, professional experiences and interests and are seen as a highlight of an HBS student’s MBA experience.

HBS mandates that all students complete the first-year required curriculum, which is comprised of a total of 11 courses spread across two semesters and the January Term and a year-long course called the Field Immersion Experience for Leadership Development (FIELD). The program begins with five required courses: Finance; Financial Reporting and Control; Leadership and Organizational Behavior; Marketing; and Technology and Operations Management. In the spring semester of the first year, students take Business, Government, and the International Economy; Strategy; The Entrepreneurial Manager; Leadership and Corporate Accountability; and Finance 2.

Throughout their first year, students also complete their FIELD course. In the fall, students break into smaller teams to evaluate their leadership styles. During the January Term, students travel abroad to an emerging market to develop a product or service for a global partner. The year concludes with students designing and launching microbusinesses.

During the second year, students must complete 30 credits worth of electives, selecting from over 120 options across 10 academic areas: Accounting and Management; Business, Government & the International Economy; Entrepreneurial Management; Finance; General Management; Marketing; Negotiation, Organizations & Markets; Organizational Behavior; Strategy; and Technology & Operations Management. Electives are worth either three or 1.5 credits, with three-credit courses lasting the full semester and 1.5-credit courses lasting a single quarter. Options include 17 FIELD courses, where students design an independent project related to a specific area of interest, and seven immersion experience courses, where students travel abroad during the January Term to work with an organization on a specific business problem.

Harvard Full-Time MBA Rankings

• U.S. News & World Report: 5 (tie)
• Bloomberg: 2 (tie)
• Forbes: 4
• Financial Times: 4 (tie)

Class Profile at the Harvard Full-Time MBA

Harvard Business School enrolled 1,015 students in its Class of 2024. The median GMAT score is 730. Approximately 46 percent of the class is female, 38 percent is international, and 55 percent of students come from U.S. ethnic minority groups. A full 63 percent of students have an educational background in STEM or business, and 32 percent of the class came from professional backgrounds in consulting or private equity.

Career Statistics

Nearly 95 percent of 2022 Harvard Full-Time MBA graduates received a job offer within three months of graduating with 90 percent accepting their offers. The median salary of Harvard MBA graduates is $175,000 with a $30,000 median signing bonus and $40,000 in other median guaranteed compensation. 63 percent of the graduating class that accepted job offers received a signing bonus. The majority of employed graduates worked in private equity, consulting, and technology.

Tuition, Scholarships, and Financial Aid for the Harvard Full-Time MBA

The Harvard Business School full-time MBA tuition is $73,440 per year for the Class of 2023, with slight differences in tuition for those that are married and or have children. The school estimates that room, board, and other personal expenses for a single student will total $31,390  ($3,488 per month) for a nine-month period, with books, additional materials, and other costs totaling $7,934  per year. The total cost is $112,764 for a single student.

HBS offers need-based fellowships to those with limited financial resources. While the school itself does not offer merit-based scholarships, they do offer fellowships (about half of students admitted are eligible for a need-based fellowship) students are invited to explore scholarship opportunities through the university or outside sources. U.S. citizens and permanent residents are encouraged to rely on federal loans to finance the rest of their MBA costs. International students may apply to the Harvard University Employees Credit Union for a private educational loan that requires no U.S. cosigner.

Admissions

Applicants to the Harvard Full-Time MBA should submit online a GMAT or GRE score, transcripts from any undergraduate or graduate institutions attended, one essay, two recommendation letters, a current résumé, a $250 fee, a completed application form and a signed form stating acceptance of HBS Admission Policies. Applicants who did not attend an English-speaking undergraduate institution should also submit an internet-based TOEFL/IELTS/Pearson Test score. Following an initial review of applications, selected applicants are next invited to interview on campus, in a designated city or over Skype. Interviews last 30 minutes and are conducted by a member of the MBA admissions staff and tailored to the applicant. Within 24 hours after finishing their interview, applicants must submit a reflection on their interview experience. Harvard says the reflection is meant to be like a post-meeting email to a colleague or supervisor.

The application dates for the MBA Class of 2025 (matriculating fall 2023) are:

The application date for 2022 2+2 applicants:

FAQ for the Harvard Full-Time MBA

Are dual degree options available at Harvard Full-Time MBA?

Yes including MD/MBA, JD/MBA and MS/MBA.

How does Harvard prepare students for their careers?

59 job coaches, 600 recruiting partners, career events, and a summer internship help give students a competitive edge entering the workforce.

Working on your Harvard Business School application? Check out the Clear Admit HBS Essay Topic Analysis for advice on how to approach your essays.

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Professional MBA

Fordham Professional MBA Program Structure

The Fordham Professional MBA at the Gabelli School of Business follows a fall, spring, and summer trimester schedule and can be done part-time or full-time. Both day and evening classes are offered Monday through Thursday. Saturday and online courses are also offered in the fall and spring trimesters. Trimesters begin in September, January, and April.

Part-time students can take courses at both Fordham’s Lincoln Center campus as well as its Westchester Campus, where courses are offered on Monday and Wednesday evenings. Students may move freely between the two campuses while pursuing their degrees, or fulfill all of their degree requirements on one campus. However, students completing all of their MBA requirements at the Westchester campus have a narrower selection of possible concentrations.

While part-time students may elect to take up to nine credits in a given trimester, they must be enrolled in at least six to be eligible for student loans through the Fordham Gabelli School of Business. Students may switch from part-time to full-time status if necessary, and vice versa. If studying full-time, students can take 4-5 courses per term, while if they are also working students can take one-two courses.

Curriculum

Fordham Professional MBA students typically complete 52 credits to graduate. All MBA students must complete a concentration in at least one of eight disciplines: Accounting; Public Accountancy; Communication and Media Management; Finance; Information Systems; FinTech; Management; or Marketing. Students complete five courses representing 15 credits of coursework in their concentration, as well as at least 15 credits in electives outside of their concentration.

Students may gain additional specialization in a core business area by pursuing one of five secondary concentrations in Entrepreneurship and Venture Initiation, Electronic Business, Global Sustainability, Healthcare Management, Blockchain, Corporate Compliance, or International Business. In addition to meeting the distribution requirements set forth above, students seeking to fulfill a designation must take at least 15 credits of designated courses, which comprise both core and elective courses.

Part-Time MBA Rankings

• U.S. News & World Report: 57 (tie)

Class Profile

Students enter the class with an average of just over six years of professional work experience and are between 28-to-30 years old. The most recent class featured 27 students. The average GMAT of the class is 592 and the respective GPA is 3.22.

Tuition, Scholarships, and Financial Aid

Tuition for the Fordham Professional MBA program is $1,732 per credit. Students should also factor housing costs into their financial considerations. Fordham does offer university housing for graduate students.

Professional MBA students are eligible for a number of need- and merit-based scholarships, although they are not eligible to pursue graduate assistantships. Scholarships include the Hitachi Minority Scholarship for minority students; the Emily L. and Robert E. Smith Scholarship for female students pursuing international studies; and the Linda Perrin Taber Pollack and Roy Howard Pollack Scholarship for second-year students demonstrating academic merit and financial need.

Fordham graduate students are eligible for both Federal Direct Unsubsidized Loans and Federal Direct Graduate PLUS Loans. Students are also eligible for an array of private loans, which typically require a creditworthy U.S. co-signer. In addition, Fordham’s Office of Admissions offers the Fordham GBA Loan to students who need to supplement other government or private loans. These $5,000 loans are awarded based on merit and need and are available for domestic students enrolled in at least six credits at the time of their loan application. Students may only be awarded one GBA Loan over the course of their studies at Fordham. Ten of these loans are available to students for the current spring 2015 trimester.

Fordham Professional MBA Admissions

Fordham requires that applicants have a minimum of two years of work experience to gain admission to the MBA programs. There are no minimum GPA or standardized test score requirements for admission.

Applicants to Fordham’s Professional MBA program are required to submit an online application, undergraduate and (if applicable) graduate transcripts, two professional letters of recommendation, a professional resume, two essays about their professional goals and aspirations and a $150 application fee.

International applicants submitting undergraduate or graduate transcripts must also submit a third-party evaluation of the transcripts. International applicants must also submit TOEFL or IELTS exam scores—minimum scores of 100 on the TOEFL or 7 on the IELTS are required. If international students score below these cutoffs, they may be required to take the English as a Second Language (ESL) proficiency exam.

Interviews are required for admission.

Application Deadlines

• Fall 2022

  Rounds of Admission	Submission Deadline	Decision Release
  Round 1	October 15, 2021	November 19, 2021
  Round 2	November 19, 2021	January 14, 2022
  Round 3 *	January 21, 2022	March 18, 2022
  Round 4 **	March 25, 2022	May, 2022
  Round 5 ***	May 27, 2022	July 17, 2022

  Spring 2022

  Rounds of Admission	Submission Deadline	Decision Release
  Round 1	November 5, 2021	December 10, 2021

  Summer 2022

  Rounds of Admission	Submission Deadline	Decision Release
  Round 1	March 4 2022	April 8, 2022

Full-Time MBA

Fordham Full-Time MBA Program Structure

The Fordham University Full-Time MBA at the Gabelli School of Business curriculum was thoroughly redesigned in 2014 to suit the current job market and the needs of its employers. The streamlined 60-credit full-time program takes two years to complete.

Currently, the program follows a cohort structure, meaning that full-time MBA students take all of their courses together. This helps them to make strong connections with each other and build their professional networks throughout the program. In addition to the regular fall and spring terms, students also participate in a pre-term orientation, a winter intersession each year, and a summer term that consists of an internship.

The winter intersession of the first year, which happens in early January, involves an immersion experience in New York City. Over the course of five days, students are exposed to a number of company visits with corporations like Deutsche Bank, Money.net, and Hewlett Packard. During this intersession, they also participate in team-building and leadership activities such as a session at the FDNY Training Academy.

Curriculum

Fordham offers eight  MBA concentrations, plus several secondary concentration options. Concentrations require five extra courses in total and include Accounting, Communication and Media Management, Finance and Business Economics, Information Systems, Management Systems, Marketing, and Public Accounting.

Students may also choose a secondary concentration comprising only three extra courses rather than five. Typically, a cohort consists of 60 students each.

Full-Time MBA Rankings

• U.S. News & World Report: 64
• Bloomberg: 57
• Forbes: 58

Fordham University Full-Time MBA Class Profile

Nearly 66 percent of students in the Gabelli MBA program are male, with 33 percent female students. International students make up around 48 percent of the most recent class.

Additionally, the average GMAT score of admitted students is 633. Students enter at an average age of 28 and have more than five years of professional work experience.

Career Statistics

Currently, the average base salary of Gabelli MBA students is $100,000.

Tuition, Scholarships, and Financial Aid

Tuition for the Fordham University Full-Time MBA program tuition is $107,924. Students should also factor housing costs into their financial considerations.

Full-time students are eligible for a number of need- and merit-based scholarships. These include the Hitachi Minority Scholarship for minority students; the Emily L. and Robert E. Smith Scholarship for female students pursuing international studies; and the Linda Perrin Taber Pollack and Roy Howard Pollack Scholarship for second-year students demonstrating academic merit and financial need.

Additionally, full-time MBA students are eligible to apply to work for a Fordham graduate business faculty member under the Graduate Assistantship Program, receiving partial tuition payment in remuneration for their work. Students may work 10 hours per week per term for $3,510 in tuition remission or 20 hours per week per term for $7,020 in tuition remission. However, students can only participate in a maximum of six 10-hour or three 20-hour assistantships over the course of their studies, capping the total tuition remission a student may earn at $21,060.

Fordham graduate students are eligible for both Federal Direct Unsubsidized Loans and Federal Direct Graduate PLUS Loans. Students are also eligible for an array of private loans, which typically require a creditworthy U.S. co-signer. In addition, Fordham’s Office of Admissions offers the Fordham GBA Loan to students who need to supplement other government or private loans. These $5,000 loans are awarded based on merit and need and are available for domestic students enrolled in at least six credits at the time of their loan application. Students may only be awarded one GBA Loan over the course of their studies at Fordham.

Admissions

First, Fordham requires that applicants have a minimum of two years of work experience to gain admission to the full-time MBA program. There are no minimum GPA or standardized test score requirements for admission.

Furthermore, applicants to the Fordham full-time MBA program must submit an online application, undergraduate and (if applicable) graduate transcripts, two professional letters of recommendation, a professional resume, one required essay, and one optional essay about their professional goals and aspirations. They must also send a $150 application fee.

International applicants submitting undergraduate or graduate transcripts must also submit a third-party evaluation of the transcripts. In addition, international applicants must also submit TOEFL or IELTS exam scores—minimum scores of 100 on the TOEFL or 7 on the IELTS—are required. If international students score below these cutoffs, however, they will most likely need to take the English as a Second Language (ESL) proficiency exam.

Finally, each applicant must participate in an interview to be considered for admission.

Application deadlines are as follows:

• Fall 2022

  Rounds of Admission	Submission Deadline	Decision Release
  Round 1	October 15, 2021	November 19, 2021
  Round 2	November 19, 2021	January 14, 2022
  Round 3 *	January 21, 2022	March 18, 2022
  Round 4 **	March 25, 2022	May, 2022
  Round 5 ***	May 27, 2022	July 17, 2022

  Spring 2022

  Rounds of Admission	Submission Deadline	Decision Release
  Round 1	November 5, 2021	December 10, 2021

  Summer 2022

  Rounds of Admission	Submission Deadline	Decision Release
  Round 1	March 4 2022	April 8, 2022

Executive MBA

Suffolk University Executive MBA Program Structure

The Suffolk University Executive MBA Program at the Sawyer Business School spans 16 months of study. Courses meet in Boston on Saturdays, with some class sessions also delivered online. The program includes four residential seminars, including a Global Travel Seminar. Students go through this program as a cohort and all Suffolk students start on the same date each September.

The program’s academic schedule is taught over four semesters. Although there are breaks between semesters, EMBA students take courses throughout the 16 months, including during a summer term. With courses meeting once per week (8:30 a.m. to 5 p.m.), the Saturday schedule is quite rigorous.

Curriculum

The Suffolk University Executive MBA curriculum comprises of 17 courses, three of which are travel seminars for a total of 45 credits. Courses that students will take, for example, include Organizational Behavior, Business Opportunities, Economic Analysis for Managers, and Value Based Financial Management. Students will also complete a capstone project.

In addition to classroom-based sessions, EMBA students attend a series of four required residential seminars: Self-Aware Leader Seminar, Leadership and Team Building Seminar, Washington Policy Seminar, and Global Business Seminar. Residential seminars range in length from two to seven days.

Suffolk University Executive MBA Class Profile

Each Suffolk University Executive MBA cohort is capped at 25 students. Students come from a range of industries and sectors, including financial services, life sciences, real estate, the military, and the nonprofit world, for instance. Students are on average 38 years old and have 16 years of work experience. Forty percent of the average class is female.

Tuition, Scholarships, and Financial Aid

Tuition for the Suffolk University Executive MBA is $1,859 per credit at the Sawyer Business School. Books and course materials, breakfasts and lunches every Saturday, and travel costs for all residential seminars are also included in the EMBA program tuition.

Admissions

Students are accepted to the Suffolk University Executive MBA program each September.

Applicants to the EMBA Program must have at least seven years of demonstrated management or leadership experience. Applicants to the program should also hold a bachelor’s degree from an accredited college or university. In select cases, Suffolk may consider an applicant who has displayed exceptional professional achievements in lieu of a degree. The GMAT is NOT required for consideration.

The EMBA Selection Committee evaluates applicants based on a variety of factors to determine a candidate’s potential for success in the program. The committee devotes extensive and individualized attention to every application, and views each candidate within the context of what he or she has to gain from and offer to the program.

Applicants must submit the following: 

• Completed online application form with a $50 non-refundable application fee.
• Detailed resume describing employment history, listing dates, responsibilities, and duties of all positions held, as well as academic institutions attended.
• Official transcripts from all undergraduate and graduate schools attended.
• One letter of recommendation: letters from past and present business and professional colleagues are most appropriate
• Statement of professional goals.
• A personal interview with the program director of the EMBA and a faculty member.

Fall Semester: July 15 (International Applicants), August 15 (Domestic Applicants), then rolling

Full-Time/Part-Time MBA

Suffolk University Full-Time/Part-Time MBA Program Structure

The Suffolk University MBA program at the Sawyer Business School can be completed within 11 months (16 months part-time) depending on the number of courses a student is eligible to waive. Students can take classes on a full-time or part-time basis, and they can begin the program during the fall, spring, or summer semesters. At the school’s main campus in Boston, the North Campus and online campus all core and required classes meet only once per week during the fall and spring semesters. Classes are convened both during the day and at night.

Curriculum

The Suffolk University MBA offers small classes and a focus on global business and practical learning. The total number of credits required to successfully complete the Suffolk MBA ranges from 36-51.

All eight of the program’s three-credit core courses can be waived. To waive a core course, students must successfully complete equivalent academic coursework at the undergraduate/graduate level within the seven years prior to MBA matriculation (“B” or better).

A student’s waiver request will be considered once they have been accepted, and qualifying courses will be waived during their first semester. A student receives credit for each course waived, thereby reducing the total number of courses for the MBA degree. A proficiency exam can also be taken during the first semester in order to have a course waived. However, all MBA students must complete a minimum of 36 credits in the Sawyer Business School.

Sawyer Business School offers a number of accelerated scheduling options for students who are attorneys, CPAs or Berklee Music School Music Management graduates. Students who enter the Suffolk MBA program having already completed graduate business courses at an AACSB-accredited program can transfer up to six elective credits (for courses in which a “B” grade or better was received) if these credits did not apply to a completed degree. The three-credit Global Requirement and the MBA capstone course Strategic Management are required. In addition, students must complete 12 credits of elective coursework at the 800-level or higher, though there are a few 700-level electives that may qualify based on the concentrations that the student is enrolled in. However, a concentration isn’t required. Students will also take courses in two other areas: Construct the Big Picture and Lead and implement Change.

Suffolk offers 17 concentrations: corporate accounting and finance, accounting business intelligence, entrepreneurship for new and existing businesses, corporate finance, corporate accounting and finance, forensic accounting, health sector management, business intelligence, FinTech, management of talent, government and not for profit accounting, investments, global marketing, market research and consumer insights product management, strategic management, supply chain management, and risk management. To complete a concentration, students must take three to four electives in that area. In most cases, students have a longer list of courses from which to choose.

To fulfill the elective requirements, Suffolk University MBA students can also participate in an optional three-credit internship program. Interns may or may not receive payment for their work, and internships typically require a commitment of about one day per week. Another for-credit optional experiential learning program is the week-long Global Travel Seminar. During this trip, led by members of the faculty, Sawyer students visit companies and meet executives while learning about the culture and customs of the region. In the past, seminars have been held in Brazil, China, England and Germany.

Students with highly focused interests may enroll in one of Suffolk’s specialized MBA degrees: Global MBA, MBA/Health, MBA/Nonprofit, MBA for Music Business Management Graduates of the Berklee College of Music. Suffolk also offers an MBA/Graduate Diploma in Accounting and MBA joint degree programs in finance, accounting, taxation, and law, marketing, and science in business administration.

Career Statistics

Ninety percent of the recently graduated Sawyer Business School MBA program students were employed with 6 months.

Tuition, Scholarships, and Financial Aid

Tuition is $47,220 for Suffolk University full-time MBA students and $1,574/credit for part-time students.

Additional costs include a $350 MBA entry fee, health insurance, technology fees for online courses and housing.

Admitted full-time and part-time MBA students do not need to submit additional materials to be considered for merit-based fellowships and scholarships, which are based on a candidate’s undergraduate academic performance and GMAT or GRE scores.

Domestic students seeking financial assistance can explore federal loan opportunities. International students are not eligible for U.S. federal loan programs but are eligible for campus jobs at Suffolk.

Admissions

Admission to the Suffolk University MBA is competitive. Components of a completed application include an online application form, official transcripts from all academic institutions attended, a résumé, a statement of a candidate’s professional goals, two letters of recommendation and a $50 application fee, which may be waived for current students and alumni of Suffolk.

Requirements include:

• The equivalent of one year of full-time work experience:
• Full-time MBAs average three years of work experience
• Part-time MBAs average five to seven years of work experience

Official GMAT or GRE scores. In certain cases, students can be granted a waiver. Interested individuals should check with Sawyer Business school for all of the waiver criteria.

TOEFL, IELTS, or PTE-Academic scores for international applicants:

• TOEFL score required: 550 paper format or 80 on the new IBT format
• IELTS score required: 6.5 or above
• PTE-Academic score required: 65 or above

Suffolk University’s Office of Graduate Admission has complete information regarding additional admission requirements, application deadlines, and the online application process.

Deadlines

Fall Semester: July 15 (International Applicants), August 15 (Domestic Applicants), then rolling
Spring Semester: December 1 (International Applicants), January 4 (Domestic Applicants), then rolling
Summer Semester: April 1 (priority), then rolling

Blended Learning MBA

Babson College Blended Learning MBA Program Structure

The Babson College Blended Learning MBA program at the F.W. Olin Graduate School of Business is geared towards students who wish to complete their MBA while remaining employed on a full-time basis. Students may begin the 21-month program in August. The program employs both in-person class time as well as online courses, and classes are offered in Wellesley, MA, and Miami. Three times each semester, students must complete an intensive, in-person session of class time spanning from Thursday through Sunday at their Brickell Avenue campus in Miami, and the online portion of MBA coursework totals about 25 hours each week. The program consists of 46 credits.

Curriculum for the Babson College Blended Learning MBA

For Babson College Blended Learning MBA students, two required residency weeks occur at the start and middle of the program on the main campus in Wellesley. The core curriculum is divided into seven parts and 14 courses, including Entrepreneurship and Opportunity, Financial Reporting, Data Models and Decisions, Law, Marketing, Global Connections Through Technology and Measuring and Managing Strategic Performance. Several Signature Learning Experiences (SLEs) are incorporated into the core curriculum, allowing students to apply the knowledge they have gained from courses in real-life business scenarios.

Babson students complete the rest of the Blended Learning curriculum through electives, with two electives taken over two seven-week periods. Traditional electives are offered through the accounting and law, finance, economics, technology, operations and information management, entrepreneurship, marketing and management departments. Non-traditional electives consist of study abroad opportunities, research and team projects. Students may take courses abroad through Babson or a partner school, conduct research or participate in the Management Consulting Field Experience (MCFE) or Joint Management Consulting Field Experience (JMCFE). The Global Management Program also allows MBA candidates to work and study abroad.

The final requirement in the program is the Corporate Entrepreneurship Capstone course, for which students work in teams in order to develop and implement a business idea. Students may complete their capstone in conjunction with their full-time employers by selecting an appropriate project within their companies or complete a greenfield project.

Part-Time MBA Rankings

• U.S. News & World Report: Not Ranked

Class Profile

Students averaged nine years of work experience prior to enrolling, and a GPA of 3.21. 53 percent of the class were women, 70 percent were international students, and 78 percent identified as members of a minority group.

Career Statistics

The average alumni salary 3 years after graduation for Babson Blending learning MBA grads is $163,044.

Tuition, Scholarships, and Financial Aid

The overall cost of the Babson College Blended Learning MBA for students is approximately $91,540. Babson charges its Fast Track students by the credit at a rate that is determined each year by the school’s board of trustees.

Admissions

Applicants should submit their official academic transcripts, short answer questions, a $50 application fee, one letter of professional recommendation (non-academic), a current résumé, one essay (optional) and, in the case of international candidates whose native language is not English, TOEFL iBT, or IELTS test scores. Interviews are by invitation only.

No GMAT score is necessary for acceptance into the program.

Application deadlines are as follows:

Babson College Blended Learning MBA Application Deadlines for August 2023 Enrollment:

Round 1: Oct 26, 2022
Round 2: Jan 11, 2023
Round 3: Mar 16, 2023
Round 4: Apr 20, 2023
Round 5: May 26, 2023

Babson College Blended Learning MBA FAQ’s

How has the university coped with the current pandemic?

Many on-campus classes are still occurring although some elements have moved online for safety.

What MS programs does Babson offer?

MS in Finance and MS in Business Analytics amongst others are available.

What differing MBA programs does Babson offer?

The university offers a full-time MBA program that can be completed in 1-2 years as well as a flexible part-time program and the Blended Learning option to give students many MBA options.

Full-Time MBA

Babson College Full-Time MBA Program Structure

The 21-month Babson full-time MBA—also known as the Two Year MBA—at the F.W. Olin Graduate School of Business is a flexible program that takes into account students’ individual goals. There is one full-time MBA intake per year, and students enter in August.

Curriculum

There are several ways to obtain an MBA at Babson College: a One-Year, Two-Year or Blended Learning program. The unified core curriculum for all of the school’s MBA degrees covers topics such as entrepreneurship, financial accounting, and strategy.

The Babson MBA students participate in Signature Learning Experiences (SLEs) that encourage the use of classroom knowledge in real-world business scenarios. For instance, One-Year MBA students have been invited to debate the importance of social responsibility in managerial decisions, whereas Two-Year MBA students learn about market analytics and forecasting.

Classroom electives in subjects such as economics, finance, and marketing are also available for MBA students in each of the programs. In addition, outside electives, including study abroad, independent study, or work with outside organizations are also available.

Experiential learning is another important component of the Babson College MBA curriculum that gives students real-world insight into business practices and preparation for future careers. Consulting projects in particular are emphasized. First-year MBA students may take part in the Babson Consulting Alliance Program, which pairs student teams with partner organizations for a 14-week consulting project. Next, the Management Consulting Field Experience is an elective course open to any MBA student that allows student teams to partner with outside organizations for real-world consulting experiences. Furthermore, the Global Connections Through Technology course, offered to all MBA programs, allows students to partner with a startup or small company to help them optimize their use of technology. Lastly, the Management Consulting Field Experience elective course lets MBA students manage teams of undergraduates in a consulting project. Partner organizations for these experiential learning projects have included AT&T, Liberty Mutual, and Staples.

MBA students may also pursue concentrations to complement their degree. Concentrations require 9 to 12 credits and are noted on a student’s official transcript. Current concentrations include business analytics, business analytics & machine learning, entrepreneurship, finance, quantitative finance, global management, and marketing.

Full-Time MBA Rankings

• U.S. News & World Report: 57 (tie)
• Bloomberg: 50
• Financial Times: 95

Class Profile

Over 100 students comprise the Two-Year MBA Class of 2022 at Babson Olin. They have an average GMAT of 601 and an average GPA of 3.29. The class is comprised of 33% women and 85% international students.

Career Statistics

Eighty-three percent of graduates seeking employment secured it within 3 months of graduation for the Babson Full-Time MBA. The average base salary was $116,935 with signing bonuses averaging $32,773. Graduates of 2022 experienced a 14% increase from 2021 in average base salary in the U.S.

For the full-time MBA Classes of 2022, which includes MBA students in the One- or Two-Year program, 24% of graduates went into the technology industry. Financial services claimed 22%. Thirteen percent of graduates entered consulting, while another 8% each entered the CPG/retail or manufacturing industry.

Tuition, Scholarships, and Financial Aid

2023-2024 tuition for the Babson Olin One-Year MBA is $89,550. The Two-Year MBA’s tuition is $71,564 for the first year and $42,626 for the second year, with a total estimated tuition cost of $114,190. The school also notes students can expect additional costs of about $15,120 for housing, $7,072 for food and other school and living expenses each year. Furthermore, an elective abroad may cost $3,300 to $6,000, while a semester abroad ranges from $7,800 to $12,800.

Babson does not operate a specific loan program, so the school encourages U.S. applicants to apply for federal loans by filling out the Free Application for Federal Student Aid (FAFSA).

Babson offers merit and donor scholarships, assistantships and fellowships to both domestic and international applicants to the full-time program, and these scholarships are awarded to candidates at the time of admission. A variety of endowed fellowships and scholarships are also linked to the school. Students should check with the admissions office or program directors in order to determine their eligibility and availability.

Admissions

In addition to an online application, a $100 application fee, applicants must submit short answer questions, 1 letter of professional recommendations (non-academic), resume, transcripts from all institutions, undergraduate and graduate.  Candidates may include an essay to provide additional pertinent information to the admissions committee (optional).  Lastly, students must interview on an invite-only basis. Due to constraints brought on by the COVID-19 pandemic, the admissions committee has moved to a test-optional policy. GMAT/GRE test scores will be waived for all full-time graduate applicants with a 2023 program entry.

International applicants: Please visit the International Students page for additional instructions before completing their application, including details about TOEFL/IELTS requirements

Full-Time MBA

Boston College Full-Time MBA Program Structure

For the Boston College full-time MBA program at the Carroll School of Management, the first year is split into two semesters that can be further divided into seven-week quarters. Following a one-week orientation in late August that includes the course Introduction to Strategic Management, classes begin in early September. Second-year students focus on the functional discipline of their choice by taking semester-long elective courses.  In addition to these learning requirements, all Carroll School MBA students must complete 20 hours of community service in order to graduate from the program.

Curriculum

The first semester of the MBA program is highly regimented and consists entirely of required courses. Beginning the second semester of the first year, full-time students can begin taking elective courses. The second year is dedicated entirely to elective coursework.

Applied or experiential learning plays a large role in the Carroll School MBA experience. Students are afforded a myriad of opportunities to learn from industry practitioners and gain exposure to real-world business problems. Through the International Consulting Project elective course, for example, students have traveled to China and Peru to complete on-site consulting engagements for clients. As part of the Warren Buffett and Berkshire Hathaway Field Experience, select students travel to Omaha in order to meet Buffett and tour Berkshire Hathaway. For students interested in technology, the school hosts weeklong “TechTreks” to New York City, Silicon Valley, and Seattle.

Students also participate in a special project during their MBA studies. During their first year, students complete a Management Practice course, in which they work with live companies facing real business challenges, and deliver recommended solutions.

All Boston College full-time MBA students at the Carroll School have the option to complete a series of elective courses aligned with one of the school’s nine specializations, which include asset management, business analytics, and product and brand management, to name a few. The school reports that approximately 16 percent of students are enrolled in one of their dual degree programs, such as the MBA/MSF.

The Full-Time MBA STEM-Designated Track puts a greater focus on statistical modeling and programming in the context of the business world. The STEM-Designated Track allows students to use technology and analytics across a range of industry functions. In addition to core program courses, students that enroll in the STEM-Designated Track will be required to take electives marked as “STEM-designated.”

Full-Time MBA Rankings

• U.S. News & World Report: 41 (tie)
• Bloomberg: 48
• Forbes: 42

Class Profile

The class of 2024 has a total class size of 76 with an admit rate of 55%.   Students joined the program with an average GMAT score of 645, typically ranging between 576-688.  The average GRE score was 312, typically ranging between 303-322.  Prior to enrollment, students in the program earned a 3.36 GPA, with an average of 4.3 years of professional work experience.

About 35% of enrolled full-time MBA students are female, with 65% male students. The average age of the class is 27.  Lastly, about 24% of the class consists of international students.

Career Statistics

Within three months of graduation, 97% of the students of the Class of 2022 have accepted a job offer. The average median starting salary was $132,777. The most popular industry chosen by graduates was Financial Services at 29%, followed by Consulting at 21% and Technology at 11%.

Tuition, Scholarships, and Financial Aid for the Boston College Full-Time MBA

Tuition for the 2022-2023 academic year for the Boston College full-time MBA is $59,030 ($29,515 per semester), totaling $118,060 over two years. Full-time students should also budget for room and board (per academic year), $3,758 for health insurance and $3,255 for personal expenses. Books, supplies, and fees are estimated at $1,300.

A number of scholarships are available to both domestic and international full-time students. Candidates are automatically considered for these scholarships at the time of application, and there are no additional forms to fill out. In 2022 more than 90% of newly enrolled students received Dean’s Scholarships. These awards averaged approximately $23,000, and students are notified about whether they have received aid at the time of admission. More than 70% of entering part-time MBA students in 2022 received scholarships averaging around $9,000 each. Graduate assistantships entailing research or administrative work in exchange for a financial award are another option for students seeking financing, and Carroll students who are receiving scholarships may pursue assistantships as well. Students of Irish descent may qualify for a full-ride through The Denis O’Brien Fellowship. The school also encourages U.S. military veterans to contact Student Services in order to learn more about tuition reduction and an application fee waiver option.

Admissions

In order to apply for admission to the full-time program, first-time domestic candidates must submit a completed online application form, résumé, employment history, one personal essay, one recommendation letter, transcripts from all academic institutions attended as part of a degree-granting program, official GMAT or GRE scores, and a nonrefundable application fee of $100. International applicants must additionally submit TOEFL, IELTS or PTE scores. However, waivers for these scores are extended to international applicants who completed a four-year bachelor’s or two-year master’s degree at a school where English is the official language of instruction and those who have worked full-time in the U.S. for at least two years.

Interviews at Carroll are conducted by invitation only and offered at the discretion of the admissions committee, and students may not request or schedule interviews otherwise.

Candidates who applied for admission within the past year may reapply for a place in the program using a streamlined form. In addition to this form, applicants must submit a cover letter, résumé, updated test scores and transcripts if applicable and an essay.

Work experience is not strictly required in order to apply for the program, although it is advised applicants have at least two years of previous experience.

2022-2023 Boston College Carroll Full-Time MBA Deadlines

Round 1: October 4, 2022

Round 2: November 29, 2022

Round 3: January 17, 2023

Round 4: March 7, 2023

Round 5: May 2, 2023

Executive MBA

Columbia Executive MBA Program Structure

Columbia Business School provides three different structures through which students may earn an Executive MBA. The Friday/Saturday Option meets every other week on Fridays and Saturdays from 8:30 a.m. to 6:45 p.m. and lasts for five terms over 20 months, beginning in August. The Saturday Option meets each Saturday from 8:30 a.m. to 6:45 p.m. for six terms over 24 months, beginning in May. Finally, the Columbia Executive MBA-Americas program meets approximately once a month for one week and lasts for five semesters over 20 months.

Curriculum

Columbia Executive MBA students receive the same educational quality that the full-time MBA provides: the two programs share the same professors and require the same core courses and hours spent in the classroom. Students take 11 core courses that span topics such as Corporate Finance, Marketing Strategy, and Global Economic Environment. After completing the core curriculum, students complete the remainder of their credits through an array of elective courses. During their second year, EMBA students take a week-long international seminar, joining across the three programs to apply global business concepts that they have learned through their coursework in other countries. Recent destinations have included Shanghai, Tel Aviv, Munich, Santiago, and Myanmar.

Students in the Columbia Executive MBA program are assigned to clusters of 30 to 70 classmates with whom they take all of their first-year courses. These clusters are then further divided into learning teams, consisting of approximately five to six students who complete their assignments together as a group for most of the 14 required core courses.

The Columbia Executive MBA-Americas program is designed to accommodate professional executives from across the United States, Canada, and Latin America whose location prevents them from spending every other weekend in New York City. Instead, classes meet in a week-long format once per month, and Columbia provides full accommodations during the first three semesters of core courses and cohort electives.

Executive MBA Rankings

• U.S. News & World Report: 4
• The Economist: 29

Class Profile

There are 152 students in the Columbia Executive MBA class. Forty-five percent of students are women and 16 percent are international students. Students in the class matriculated with an average age of 32 and with nine years of full-time work experience. Fifteen percent are receiving full company sponsorship, another 44 percent are receiving partial company sponsorship, and 41 percent are paying their own full tuition.

Career Statistics

Columbia’s Career Management Center gives support that is designed specifically for EMBA students, aiding them is advancing in their current position or making a significant career change. These services include individualized career advising, online self-assessment tools, professional development programs, advice on internal job-search strategies, and access to the school’s job listings targeted at MBAs. Many of the resources are available online, allowing busy professionals to access the tools they need at their own convenience.

Tuition, Scholarships, and Financial Aid

The total Executive MBA tuition and fees for May 2020 and August 2020 entry is $213,240. This tuition covers the cost of the program, books, meals on all class days, conference center accommodations during residence weeks, and residence and meals during the week-long international seminar in the second year.

Students are required to have a laptop computer, to pay their own airfare for the international seminar, and to arrange their own travel throughout the program.

Many EMBA students secure federal or private loans in order to finance their degrees. U.S. citizens and permanent residents may apply for fixed-rate federal direct loans and should file the Free Application for Federal Student Aid (FAFSA). Students can apply for a direct unsubsidized loan with a fixed interest rate of 6 percent and 7 percent for the Direct Graduate PLUS Loan.

Admissions

All Columbia Executive MBA applicants must be fully employed from the time of application until graduation, although case-by-case exceptions can be made. Friday/Saturday and Columbia Executive MBA-Americas applicants must have proof of sponsorship from their employer that briefly states the terms of support, but financial support is not necessary. Saturday-only students are not required to obtain employer sponsorship.

Applicants must submit transcripts from each college or university attended a response to a short-answer question, three essays, two letters of professional appraisal, and their GMAT or GRE scores. International applicants must submit either TOEFL or PTE scores unless they have earned a degree from an institution in which English is the language of instruction.

Executive MBA Deadlines 2022

EMBA-New York Saturday

May 2022 Entry

EMBA-New York Friday/Saturday

August 2022 Entry

Columbia Executive MBA FAQs

How has the university coped with the pandemic?

Instruction is currently online to keep students and staff safe.

What graduate programs are offered at Columbia Business School?

MBA and EMBA options are available as well as Master of Science degrees in Marketing Science, Financial Economics, Accounting, and Fundamental Analysis, Management Science and Engineering, and Business Analytics.

What are some common backgrounds of current students in the Columbia EMBA program?

Thirty-five percent of the most recent class came from financial services, 11% came from technology and 8% came from media with another 8% coming from consulting. The rest of the class was from a variety of backgrounds including energy, education, and entertainment.

Full-Time MBA

Columbia Full-Time MBA Program Structure

The Columbia full-time MBA program is intended to be completed across two years of study. The academic calendar is divided into three 12-week terms: the fall term begins late August to early September, and after a six-week break between terms, spring term commences in early-mid January. Those who enter in August typically complete an 8 to 12-week internship in the summer between the first and second years and graduate in the spring of the second year, whereas a smaller group of “J-Term” students enter in January and complete their MBA throughout four consecutive terms, taking courses throughout the summer and graduating with their August-entry peers the following spring. These summer courses begin in late May and conclude with exams in mid-August.

Curriculum

The Columbia full-time MBA program requires a total of 60 credits that consist of an 18-credit core curriculum and a minimum of 42 elective credits. At the beginning of the program, students are divided into clusters, groups of 60 or so peers who take most of the first-year core courses together. Each cluster is then broken into five- to six-person learning teams who work together on class projects. Clusters and learning teams are designed to reflect the diversity of the class as a whole and to help students form closer relationships with each other.

The core curriculum consists of two full courses and eight half courses. These full courses are typically worth three credits each, whereas students earn 1.5 credits for half courses. Beginning in the second term, students choose from over 200 elective offerings to complete the rest of the curriculum. Students may assemble their own elective sequences, but can also refer to lists that the school provides of recommended courses for common career paths such as entrepreneurship, healthcare, marketing, media, real estate, value investing, and social enterprise.

Full-Time MBA Rankings

• U.S. News & World Report: 6 (tie)
• Bloomberg: 9
• Forbes: 7 (tie)
• Financial Times: 8
• The Economist: 15

Class Profile

There are currently 1,130 students enrolled in the Columbia full-time MBA program from a pool of 6,971 total applicants, totaling a 16 percent acceptance rate. The January Entry class of 2021 featured 211 students, while the August Entry 571 students. The average GMAT score was 726, with the class’ undergraduate GPA was 3.6.

Students, on average, join the program with five years of previous work experience, are 38 percent female, and are 28-years old. 40 percent of the student body was female, while 44 percent of students were international.

The top undergraduate degree earners included Business, Economics, Engineering, and Social Sciences.  The top previous industries of current students included Financial Services, Consulting, Marketing/Media, and Technology.

Career Statistics

About 94 percent of the most recent graduating class featured job offers within three months of graduation with a 90 percent acceptance rate. The median base salary of graduates is $150,000, with an average signing bonus of $30,000. Also, 71 percent of employment opportunities were school facilitated.

Tuition, Scholarships, and Financial Aid

The tuition cost for the Columbia Business School full-time MBA is approximately $77,376 for first-year students. However, the total cost of attendance is $117,633 for the first year, which accounts for additional fees associated with room and board, books and supplies, health services and insurance, and personal expenses.

All students who complete their applications by the merit fellowship consideration deadline and indicate that they would like to be considered for fellowships are eligible for merit-based fellowships that are granted on the basis of academic excellence, geographic and personal background, and professional experience. There are also a number of corporate-sponsored fellowships that provide opportunities for summer and post-MBA employment. In addition, CBS offers partial-tuition, need-based scholarships to both domestic and international candidates. Financial aid applications for August-entry students are due by January 22 or three weeks after a student is admitted, whichever date is later, and applications for January-entry students are due by October 15 or three weeks from the date of admission, whichever is later. These scholarship decisions are considered in the order in which they are received, so admitted students seeking need-based financial assistance should apply as soon as possible.

CBS encourages U.S. citizens and permanent residents to apply for Federal Direct Stafford Loans or Federal Direct Graduate PLUS loans, which are available to students enrolled full or half time who maintain satisfactory academic progress. Domestic students can also apply for Columbia University institutional loans or for private, credit-based loans. The school offers private, credit-based loans to international students with a U.S. cosigner.

Admissions

Applicants must possess a bachelor’s degree. While there is no specific requirement for work experience, the majority of the class has at least one year of full-time work experience.

Applicants must submit transcripts from each college or university they have attended, a GMAT, GRE or Executive Assessment score, two letters of recommendation, a $250 application fee, three essays, and a response to a short-answer question. International applicants who do not have a degree from an institution in which all instruction is conducted in English are required to submit the Test of English as a Foreign Language (TOEFL) or the Pearson Test of English (PTE). A select group of applicants may also be invited to interview with alumni or current students, often in the applicant’s geographic area.

Columbia Full-Time MBA 2020-2021 Essay Topics

Essay 1: Through your resume and recommendations, we have a clear sense of your professional path to date. What are your career goals over the next 3-5 years and what, in your imagination, would be your long-term dream job? (500 words)

Essay 2: Why do you feel Columbia Business School is a good fit for you? (250 words)

Essay 3: Tell us about your favorite book, movie or song and why it resonates with you.  (250 words)

August 2022 Entry Application Deadlines

January 2022 Entry Application Deadline

FAQ

What is the average GMAT score for the Columbia Full-Time MBA?

The average GMAT score for the Columbia School of Business Full-Time MBA is 726.

What is the average first-year tuition cost for the Columbia Full-Time MBA?

The average first-year tuition cost for the Columbia Full-Time MBA is $77,376.

What is the average total first-year cost of attendance for the Columbia Full-Time MBA?

The total cost of attendance for the Columbia Full-Time MBA is $117,633.

What tests are accepted for the Columbia School of Business Full-Time MBA?

The GMAT, GRE and Executive Assessment are accepted for admissions to the Columbia School of Business Full-Time MBA.

Working on your Columbia University full-time MBA application? Check out the Clear Admit CBS Essay Topic Analysis for advice on how to approach your essays.

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Simmons School of Management Study Reveals Female Breadwinners Don’t Publicize Role

Over the past year, the Center for Gender in Organizations (CGO) at Simmons School of Management has been conducting a study of the role of the female breadwinner and how this influences caregiving duties.  Responses to an online survey filled out by 460 businesswomen who attended the 2012 Simmons Leadership Conference and represented a mostly white middle-class demographic served as the basis for the research.

Survey results released by Simmons in early April concluded that the majority of women who have assumed the role of breadwinner in their family have continued to contribute significantly to taking care of children and the home.

Of survey respondents, nearly 60% stated that they were the primary financial contributors (PFC) in their household.  On average, women PFCs brought in close to 90% of the household income, while non-PFC females contributed 44% to their household’s total income.

Despite increased responsibility at work, many PFCs still perform more household duties than their significant others. Eighty percent of female PFCs contribute as much or more of their time to household chores than their partners. In line with this finding, three-quarters of female PFCs contribute as much or more of their time to childcare than their partners.

Although female breadwinners have taken on a great deal of responsibility inside and outside of the home, the study finds that while “these women are ‘proud’ of this role, most keep it hidden from family, friends, and employers.” According to the study’s authors, women are making moves to advance in the workplace, and do not turn down promotions or seek to decrease their workload in the face of their dual identity as breadwinner and caregiver.

Words of advice for women who are shouldering the bread winning and the bed making?  Authors of the study – who represent Simmons, the CGO, Suffolk University’s Sawyer Business School, and professionals in the pharmaceutical industry – encourage female PFCs to discuss their professional and personal responsibilities with their partners and employers.  To companies looking to grow their work force to include working mothers, the authors suggest that HR departments be more accommodating.

Read the Simmons School of Management press release to learn more about this study.

Part-Time MBA

The St. John’s University Part-Time MBA Program Structure

Like the full-time MBA program, the St. John’s University Tobin College of Business part-time MBA numbers 36 credits in total.

Curriculum

The 36 credits that comprise the St. John’s University part-time MBA are divided into eight courses that can be waived under certain conditions, as well as a required, non-waivable capstone course; and three concentration field courses. Part-time students should expect to complete their education within about 3 years. Students may choose from a wide array of concentrations including international business, real estate, finance and taxation. Those wishing to complete 2 concentrations will have an additional 9 credits as part of their curriculum.

Tuition, Scholarships, and Financial Aid

Each credit for the current academic year at the current academic year at Tobin costs $1,320, putting the cost of the St. John’s University part-time MBA at approximately $47,520. Beyond tuition costs, students must also submit a University General Fee of $170, which covers the use of athletic facilities, the Counseling Center, Health Services, Library, Career Center, Transcripts and Registration.

MBA applicants are eligible for university-funded partial scholarships and do not need to fill out any additional forms or applications in order to be considered. These scholarships are awarded based on academic merit and usually cover 25 percent of tuition costs. Women attending the Tobin College on a part- or full-time basis are also eligible for an Ellen T. Reilly Scholarship, which is awarded based on merit, financial need and community service. The Mayor’s Graduate Scholarship Program offers a tuition waiver for employees of the City of New York.

Tobin Part-time MBA students are eligible for federal loans of up to $20,500. International students are encouraged to seek loans through the organization, International Education Financial Aid.

Admissions

All students must have completed a U.S. bachelor’s degree or the equivalent before matriculating at Tobin. Additionally, the Tobin College requires candidates to demonstrate competency in pre-calculus mathematics and basic computer skills.

In order to be considered for admission, applicants must submit a completed application form, official transcripts from all colleges and universities previously attended, GMAT results, two letters of recommendation, a career goals statement, résumé and an official score report for the TOEFL if candidates have not obtain a degree from an institution at which English is the primary language of instruction. Interview invitations are extended at the discretion of the admissions committee, but applicants may take the initiative to schedule an informational interview with the admissions staff in order to discuss the program. The application fee for online submission is $70.

GMAT/GRE waivers may be awarded to U.S. armed services members and veterans, in addition to applicants that have an exceptional amount of previous work experience.

Application deadlines are as follows:

Fall Deadlines

Round One – Nov. 1
Round Two – March 1
Round Three – June 1

All applications submitted after June 1 are accepted on a rolling basis.

Spring Deadlines

Round One – Sep. 1
Round Two – Nov. 1

All applications submitted after November 1 are accepted on a rolling basis.