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Master of Business Administration [M.B.A]
$36,598/Yr
University of Michigan MBA program (full-time) ranks #10 in Best Business Schools. UMich Ann Arbor’s MBA requires 57 credit hours- 30 core credits and 27 elective credit hours.
- Application Deadline: Ross School of Business is currently accepting applications for MBA for Fall 2023 entry. Round 1 application deadline is on September 19, 2022, and round 2 is on January 8, 2023. April 3, 2023, is the final application deadline.
- Class Profile: 398 students were accepted for the MBA class of 2023. Out of this 28% are international students. Class of 2023 demonstrated an average work experience of 5 years. Students also submitted an average undergraduate GPA of 3.53 and an average GMAT score of 722.
- Cost: University of Michigan full-time MBA program fees is $72,114 per year. Students also pay $500 per term as an international student services fee.
- Placements: Top companies that hired Michigan Ross MBA graduates include PwC Strategy, Google Inc., Dell Technologies, McKinsey and Company, PepsiCo Inc, and Microsoft. The average salary offered to Ross MBA Graduates was within $110,00 - $160,000.
Course Curriculum
- The full-time MBA program at Michigan Ross School of Business is offered for a duration of two years. The program allows students to focus on a specific functional area of business management. They can also customize their program as per their career goals by combining more than one subject
- Year 1 of the Ross MBA program incorporates a broad-based business core curriculum and concludes with a seven-week Multidisciplinary Action Project – or MAP.
- In the Year 2, students have the freedom to customize their MBA program by selecting from a wide range of elective coursework.
Ross School of Business offers short-term global experiences in the form of company visits, cultural activities, international projects and/or interactive lectures with business scholars. Students who take part in these programs will be able to gain an in-depth understanding of an international business topic.
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $36598 (USD 36598) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Room and Board | $16998 (USD 16998) |
| Personal Expenses | $6350 (USD 6350) |
| Health Insurance | $1242 (USD 1242) |
| Total Cost | $24590 (USD 24590) |
International students are required to pay $72,114 as tuition fee for the full-time MBA program at Michigan Ross. In addition to this, overseas candidates also need to pay the mandatory fees and international student services fees.
International students on F-1, F-2, J-1, J-2, and G series visas are not eligible for federal student aid.
Check: MBA scholarships in USA Collegedunia
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2021 | $72114 (USD 72114) |
Eligibility & Entry Requirement
Candidates must meet the below-mentioned criteria before applying for admission at University of Michigan:
Academic Requirements
- 4-year American Bachelor’s degree or international equivalent
- Average GPA score over 3.5 in a 4.0 scale (90%)
English Language Requirements:
Candidates planning to pursue MBA in the USA must demonstrate their proficiency in English language.
- Toefl Score: 100
- IELTS Score: 7
- PTE Score: 70
Essays:
- Part 1: Short answer question prompts (100 words or less)
- Part 2: Pick one thing from your resume and tell us more (100 words)
- Part 3: What is your short-term goal? (25 words) and Why is this the right short-term career goal for you? (150 words)
Work Experience:
Candidates applying for MBA at Ross Business School should hold a minimum of 2 years of work experience. On average, Ross students demonstrate 5 years of work experience
Interview:
Selected candidates may be invited for an interview conducted by a Ross Alum.
Scores Required
GMAT Score:
- Ideally, students must submit a GMAT score over 720
- Equivalent GRE scores are also accepted
Required Document List
Following documents are required for admission to full-time MBA at Michigan Ross -
- Academic transcripts
- Degree certificates
- Updated resume
- Standardized test score results (GMAT/GRE)
- 4 Essays
- 1 professional letter of recommendation
- English Language Proficiency tests (TOEFL)
- 200 USD for application fee
Course Guides
Executive MBA in USA: Top Universities, Admissions, Fees, Scope
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Masters in Management in USA: Fees 2023, Top Colleges, Placements & Salaries
MBA in Finance in USA: Top Colleges, Cost, Admission Requirements, Scholarships, Scope
MBA in USA Colleges, Fees, Scholarships, Salary
MBA in USA without GMAT: Top Universities, Admission Requirements, Deadlines, FAQs
Career and Placement after Course
At Michigan Ross, 98% of graduates received job offers within 3 months of graduation. Top hiring companies for UMich MBA Graduates include Amazon, McKinsey & Co., Boston Consulting Group, EY/Parthenon, Deloitte, etc.
Out of this, 60% of students opted for jobs in consulting or tech. Around 80.1% of students got job offers through on-campus/school facilitated networking or recruitment sessions. The median base salary as per function offered to the Class of 2021 MBA graduates are as follows:
| Function | Base Salary |
|---|---|
| Consulting | $160,000 |
| Finance | $150,000 |
| General Management | $130,000 |
| Human Resource | $120,000 |
| Marketing/Sales | $130,000 |
| Operations/Logistics | $136,744 |
Check: MBA jobs in USA
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Joint Japan/World Bank Graduate Scholarship Program | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Bharat Petroleum Scholarship 2020 | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| YouAreWelcomeHere Scholarships | Scholarship per studentVariable Amount | Level Of StudyApprenticeship | TypeTuition-Fee-Waiver | |
| Innovation in Education Scholarship - La Tutors 123 | Scholarship per student$ 500/Yr$500 | Level Of StudyBachelor | TypeMerit-Based | |
| (ISC)² Women’s Cybersecurity Scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
| Comindware Scholarship | Scholarship per student$ 4,000/Yr$4,000 | Level Of StudyApprenticeship | TypeMerit-Based |
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