Ross School of Business: Requirements, Acceptance Rate, Tuition
Ross School of Business: Requirements, Acceptance Rate, Tuition. Ross is consistently known for his innovation and focus on applying business principles to real-world scenarios. The Ross School of Business School is a premier facility with an enduring local identity that solidifies the University of Michigan’s reputation as one of the premier business schools in America.
How hard is it to get into Ross’ MBA program?
Ross School of Business Undergraduate acceptance rate
The acceptance rate for Ross is 35.9%. It is important to consider the acceptance rate in the context of the student profile of those admitted. For example, the average GMAT score is 710.
The average GMAT score for the incoming class at Ross is 710. The GMAT range is between 80% of 660 and 750. The average GMAT score among the 358 students in the Ross class by 2022 was 710, with 80% of the class getting between 660 and 750 points.
A full 42% of students have a bachelor’s degree in business administration, while 35% have a degree in STEM (science, engineering, math, or technology) and 23% have a degree in humanities.
What is the average starting salary for a Ross MBA program graduate?
The average starting salary for Ross MBA graduates is $136,679. Salary varies by industry, with consulting and finance professions generally requiring higher salaries.
What is the Tuition Fee for Ross MBA Program?
Tuition for Ross’s MBA program is $66,048 per year for Michigan residents and $71,048 per year for non-Michigan residents. The total cost of the Ross MBA program is $91,054 per year for Michigan residents and $96,054 for non-Michigan residents. This includes budgeted living costs.
Registration fee:
- The application fee for the graduation is $90.
- The MBA application fee is $200.
- For Master of Management, Master of Accounting, and Master of Supply Chain Management, the registration fee is $100.
Degree Offered at Ross
Application requirements for Ross Business School
Prospective students can apply to Ross in one of four admission periods, which usually take place in mid-September, early January, late March, and early June.
Since the Ross BBA is a four-year program, the best time to apply is during senior year of high school as a First-Year Applicant. A select number of students are enrolled as transfer applicants from other universities, as well as from U-M.
To be considered for admission to the MBA program, applicants must submit an
- up-to-date resume,
- application form,
- essays,
- undergraduate and graduate diplomas,
- letter of recommendation, and a
- $ 200 non-refundable application fee.
The admissions committee also requires applicants to submit GMAT or GRE scores and, if applicable, scores from the TOEFL or IELTS exams. Michigan Ross is offering candidates for the 2020-2021 full-time MBA application cycle the option to request a waiver of the standardized test requirement.
How long is Ross’s full-time MBA program?
Ross offers a traditional 2 year MBA program. The academic year for the full-time MBA program starts in early September and ends in late April. The first year is divided into four seven-week semesters, with students taking three to four classes for the first three semesters and finishing with MAP in late spring for the last semester.
Ross School of Business Scholarships
These scholarships are awarded on the basis of academic, professional, and personal achievement and potential value to the community. Prices range from $10,000 to full tuition. Ross also offers scholarships through the Tauber Institute for Global Operations and the Frederick A. and Barbara M. Erb Institute for Global Sustainable Enterprise.
Students are encouraged to apply for other scholarships offered by the University of Michigan, as well as private scholarships. Students seeking additional financial assistance can apply for a federal loan through the Federal Direct Lending Program if they are US citizens or permanent residents.
International students can take out loans through private lenders, although the school determines that these loans require a US co-signer.
What is the minimum number of years of work experience required for admission to Ross’s MBA program?
Ross does not specify a minimum requirement for years of professional experience. However, it is important for candidates to know that they will be considered against other candidates with an average of 5.3 years of experience.
Ross Business School Academic Programs
The Ross School of Business offers programs for three undergraduate degrees (Bachelor of Business Administration, Business Minor, and Entrepreneurship Minor), three-year-long master’s degrees (Master of Accounting, Master of Supply Chain Management, and Master of Management), and a Ph.D. Program.
- Popular programs at the business school include management, accounting, and business administration.
- The Ross School of Business also offers dual degrees in partnership with the University of Michigan colleges and schools.
- The school also offers a full-time MBA, a part-time MBA (evening, online and weekend), an Executive MBA and a global MBA program.
- The school also offers executive education programs.
- The Ross School of Business offers graduates a Graduate Data Science Certificate program.
Academic departments at Ross School of Business
- Business Law.
- Finances
- Management and Organizations.
- Marketing.
- Strategy
- Accounting
- Corporate communication
- Business administration and public order.
- Technology and operations.
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