Tulane University

Program Basics

• • Full Time MBA
  • Freeman School of Business
  • 7 Mcalister Drive
  • Tulane University
  • New Orleans, 70118, Louisiana
  • United States
  • Program Web site: http://freeman.tulane.edu
  • Status: Private
  • Program e-mail address: abfadmit@tulane.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 440
  • Full-Time MBA: 190
  • Part-Time MBA: 120
  • Executive MBA: 95
  • PhD Program: 35
• • Other graduate degree programs:
    • other
    • Master of Accounting
    • Master of Finance
    • Master of International Management/Business

PROGRAM COSTS

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

  • Resident: $87,290.00
  • Nonresident: $87,290.00
  • Recommended annual budget (Resident): $63,279.00
  • Recommended annual budget (Nonresident): $63,279.00

PROGRAM LENGTH

• • Full-time program (months): 22

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2011
  • Deadline: Nov 15, 2010
  • Semester: Fall 2011
  • Deadline: Dec 3, 2010
  • Semester: Fall 2011
  • Deadline: Jan 14, 2011
  • Semester: Fall 2011
  • Deadline: Jul 1, 2011
• • Does the program have rolling admissions? No
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • TOEFL Computer Based
• • Minimum paper-based TOEFL score required for MBAs: 550

• Relative Importance of Application Elements:

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

APPLICANTS

• • Applications (admitted and denied) to the newest class: 530
  • Applicants who were accepted to the most recent class: 41 %
  • Admitted applicants who enrolled in the newest class: 42 %
  • Applicants who were re-applicants from prior years: 1 %
  • Percentage of this year's reapplicants accepted: 1 %
  • Applicants wait-listed during the last admissions cycle: 40
  • Wait-listed applicants admitted for the semester to which they applied: 11
  • Applicant interviews are: By invitation only
  • Applicants (admitted and denied) who were interviewed: 40 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 53 %
  • Applications from women received: 24 %

CLASS PROFILE

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

  • Female: 28 %
  • International: 28 %

• Students from following regions:

  • Africa: 1 %
  • Asia: 10 %
  • Eastern Europe and Central Asia: 7 %
  • Latin America and the Caribbean: 7 %
  • Middle East: 2 %
  • North America: 72 %
  • Western Europe: 1 %

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

  • African American: 10 %
  • Asian American: 5 %
  • White (Non-Hispanic): 85 %

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

  • Northeast: 20 %
  • Mid-Atlantic: 15 %
  • South: 40 %
  • Southwest: 8 %
  • Midwest: 9 %
  • West: 8 %
• • Mean months of work experience of newest entering class: 57
  • Median months of work experience of newest entering class: 56

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

  • From: 24
  • To: 73
• • Median age of entering class: 26
  • Mean age of entering class: 25

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Central financial aid office at the university
  • Full-time MBAs who applied for financial aid for the current academic year: 32 %
  • Full-time MBAs receiving financial aid in the current academic year: 60 %
  • Mean MBA financial aid package for the current academic year: $53,000.00
  • Median MBA financial aid package for the current academic year: $53,000.00
  • On what basis are scholarships awarded?
    • academic merit
  • How does an applicant apply for scholarship consideration? As part of the admissions application
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $22,000.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 98 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No

GMAT

• • Are applicants required to take the GMAT? Yes

• GMAT scores:

  • Mean: 674
  • Median: 668

• Middle 80% range GMAT scores:

  • From: 590
  • To: 740

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 38
  • Average number of students in a full-time MBA elective class: 46

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

  • • Entrepreneurship
    • Finance
    • General Management
    • International Business
    • Marketing
  • Energy

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

  • • MBA/JD (Law)
    • MBA/MD (Medicine)
    • MBA/MHSA (Health Services Administration)

• The school believes that its leading areas of study for full-time MBA students are:

  • • Entrepreneurship
    • Finance
    • Marketing
    • General Management
    • International Business

FACULTY

• • Faculty employed by the B-school: 129

• Full-time faculty:

  • Tenured: 63
  • Non-Tenured: 27

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 39

• Women on Faculty:

  • Tenured: 5
  • Non-Tenured: 12

• Minority Faculty:

  • Tenured: 1
  • Non-Tenured: 8

• International Faculty:

  • Tenured: 13
  • Non-Tenured: 5

• Faculty with PhDs:

  • Tenured: 50
  • Non-Tenured: 20

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Business Law
    • Finance
    • VC/ Private Equity
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Marketing
    • Nonprofit
    • Environmental
    • Investment Banking

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • Women in MBA
    • International Club
    • Volunteer

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 30 %
  • Experiential Learning: 15 %
  • Lectures: 15 %
  • Team Projects: 35 %
  • Other: 5 %

• Requirements for graduation:

  • • Students must write a complete business plan
    • Students are required to complete international experience
    • Students must have attended a minimum number of classes
    • Students must complete a company-specific project and present results to relevant parties
    • Students must have earned a pre-determined GPA/Letter grade average

B-SCHOOL ALUMNI

• • Living MBA alumni: 7,200
  • Active MBA alumni clubs: 15
  • Countries in which MBA clubs exist: 5
  • Living MBA alumni who gave in past year: 22 %
  • Mean gift from MBA alumni: $64.00
  • Median gift from MBA alumni: $100.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://alumni.tulane.edu
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: https://freeman-tulane-csm.symplicity.com
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 60 %
  • Graduates not seeking employment: 42 %
  • Graduates for whom you have no information regarding employment: 1 %

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

  • Destination: New York, NY - Freeman Days
  • Month: September
  • Amount Paid By School: Partial
  • Destination: Los Angeles, CA - NBMBA Conference
  • Month: September
  • Amount Paid By School: Partial
  • Destination: Houston, Tx- Freeman Days
  • Month: September
  • Amount Paid By School: Partial
  • Destination: Chicago, IL- NSHIMBA conference
  • Month: October
  • Amount Paid By School: Partial
  • Destination: Washington, DC - Freeman Days
  • Month: October
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 47 %
  • Graduate-facilitated activities: 48 %
  • No information provided by graduate: 5 %

• Job Offers for 2010 graduates

  • Received first job offer by graduation: 77 %
  • Received first job offer in three months following graduation: 17 %
  • Received first job offer more than 3 months after graduation: 0 %
  • Did not report having received a job offer: 7 %
  • Accepted first job offer by graduation: 75 %
  • Accepted first job offer in three months following graduation: 18 %
  • Did not report having accepted a job offer: 7 %

• Top recruiting organizations most recent academic year:

  • Intralox 3
  • Jackson Square Group 2
  • Accenture 1
  • Avant Energy 1
  • Bertlesmann A.G. 1
  • FMC 1
  • Johnson & Johnson 1
  • J.P. Morgan 1
  • Koch Industries 1
  • General Electric 1
  • L'Oreal 1
  • Merrill Lynch 1
  • Pan American Life 1
  • RBC Dominion Securities 1
• • Job-accepting graduates who received a signing bonus: 32 %

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

  • Mean base salary: $73,900.00
  • Median base salary: $72,000.00
  • Mean signing bonus: $11,100.00
  • Median signing bonus: $10,000.00

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

  • Consulting: 18 %
  • Finance/Accounting: 50 %
  • General Management: 9 %
  • Marketing/Sales: 14 %
  • Operations/Logistics: 5 %
  • Other: 4 %

• Graduating students who accepted jobs in the following industries:

  • Consulting: 13 %
  • Consumer Products: 4 %
  • Financial Services: 29 %
  • Manufacturing: 5 %
  • Media/Entertainment: 2 %
  • Non-Profit: 2 %
  • Petroleum/Energy: 11 %
  • Pharmaceutical/Biotechnology/Health Care: 7 %
  • Real Estate: 9 %
  • Technology: 5 %
  • Other: 13 %

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

  • Asia: 5 %
  • Latin America and the Caribbean: 2 %
  • Middle East: 2 %
  • North America: 89 %
  • Western Europe: 2 %

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

  • Northeast: 6 %
  • South: 74 %
  • Southwest: 8 %
  • Midwest: 8 %
  • West: 2 %
  • Canada: 2 %

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

  • Merrill Lynch 4
  • the New Orleans Exchange 4
  • Tulane Energy Institute 3
  • Exxon Mobil 2
  • Education Pioneers 2
  • search Influence 2
  • AT&T; 1
  • BMC Software 1
  • BNP Parabas 1
  • federal Reserve NY 1
  • FINRA 1
  • Jefferies 1
  • L'Oreal 1
  • Pan American Life 1
  • Pepsico 1
• • Internships awarded that are paid: 90 %

• Weekly internship compensation:

  • Mean: $981.00
  • Median: $937.00
• • Average internship length in weeks: 10

• • -Tulane is a great program. They offer an outstanding education and there are TONS of things you can do within the program to differentiate yourself. I would urge friends or colleagues who are go-getters to enroll in Tulane's program. It isn't a program where you will get handed a 100k job on graduation like an ivy league school but it is a program where you will get as much as you put into it and should you reach for the brass ring, you will be able to grab it with no problem. The Tulane grads with the top jobs will tell you the same, the degree won't get you a seat at the table by itself but it will justify you being there if you are a top candidate.
    
    -Program was great culturally and educationally, but job placement due to location is lacking.
    
    -In general the MBA program is good, but it should be more flexible.
    
    -I would recommend A B Freeman to friends/colleagues who were interested in entrepreneurship, energy, finance or marketing. I think Tulane is a school that works best for those who have a friendly competitive nature and value collaboration versus intense and sometimes self-centered competition. Tulane is a school that understands its place in NOLA and the B-School has many partnerships in the community that value and need the hands-on assistance and talent of B-School students. The work we delivered to many companies throughout the region was often immediately implemented and offered students a realistic perspective of the translation from the classroom to the boardroom.
    
    -I'm from the northeast and was hoping to move back there after graduation but, not surprisingly, the school doesn't have as many connections in that area. Also, I wouldn't recommend Tulane for someone who wants to pursue Marketing or Strategy.
    
    -Tulane University has dedicated and talented faculty and staff. The global leadership program offers student unable to study abroad the opportunity to experience international business.
    
    -The merit-based scholarships offered by the Freeman School give you the opportunity to earn a world-class MBA education without taking on exorbitant amounts of debt. For many years the Freeman School has attracted numerous students from around the United States and throughout the globe, because of its unique New Orleans location. In turn, this has created a valuable geographically-diverse alumni base, which I've been able to leverage to get interviews in New York, Miami, Houston, and Washington, D.C. I was even assigned an alumni mentor from New York City's World Financial Center during my first semester in the program.
    
    -Studying in New Orleans post-Katrina is a very unique environment. With ongoing housing shortages and infrastructure issues, it can sometimes be a difficult place to live. However, the opportunity to positively impact a community on a regular basis has been extremely rewarding. Whether it is constructing houses with Habitat for Humanity or providing free consulting services to a local baker attempting to rebuild her business, it is hard to convey the level of personal satisfaction that this city has offered throughout my educational experience. It is certainly something that I did not properly value prior to moving to New Orleans.
    
    -Tulane is a great school. It has to work for improving some areas but it is heading in the right track. It has a great faculty and a great program and I truly think they are in the edge of becoming a first tear business school.