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TECHNOLOGY
Technology improvements in the last three academic years:
Van Munching Hall, home to the Smith School, is one of the most technologically advanced business school buildings in the world. In 2008, a 38,000 square foot North Wing addition to Van Munching Hall opened. It houses four state-of-the-art classrooms, four conference rooms, and 10 student/team rooms and an executive meeting space equipped with a NASDAQ ticker. Recent upgrades to the original Van Munching Hall include the addition of video cameras, instructor touch panels, AV controls, and projection units. Other technology improvements include: a Mac Lab equipped with 20 iMac computers with 24” monitors and Adobe Creative Suite 3 and other media applications, along with scanners and printers. Many of our netcentric laboratories were upgraded. In the Supply Chain Lab, we now have the first Virtual Desktop Infrastructure (VDI) technology. In the Finance Lab, we added thin client hardware and now all finance applications are available via the Web. (Reuters Financial Certification is available.) The Behavioral Lab’s addition of an Audio Visual Lab is equipped with a Tobii eye tracker, along with audio and video capabilities to record team interactions and a large display screen to review and edit recorded data. Students have 1GB of e-mail and file storage space allotted to them and the Postini spam filter is in use. Smith uses PSync to allow a single sign on to access all UM online resources. A new Smith School Web site was launched in 2008 and video podcasts are available online and via iTunes. MBA Networth is the online community of practice for students. It includes course schedules, program announcements, classroom applications, virtual library, upcoming events, online directory and personal profiles. New improvements this year include student club sign up and work flow applications. This allows students to edit their profiles and sign up for specific clubs. The club memberships are permanently recorded in their profiles. Students are able to use the school’s CVENT online event management system to manage their club events. Turning Point software is installed in all classrooms allowing students to participate in classroom instruction using clickers for real-time results. In the Ronald Reagan Building in Washington, D.C., the Smith space was renovated and upgraded and all class and lab machines were replaced and additional printing services were added along with an upgrade to the wireless network, including the installation of a TLS line. New Bloomberg terminals were installed at the Ronald Reagan building for students to gain access to financial market information. These terminals also support the new Center for Financial Policy. The MySmith portal allows students to gain access to top industry database subscriptions and research applications such as Thomson Reuters, Standard and Poor's, Compustat, IBISWorld, RiskMetrics, DataStream Advance and other popular applications.

Amount spent:
$  8,670,717

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TEACHING/ACADEMICS
Teaching methods used:

Case Study: 25  %
Distance Learning: 0  %
Experiential Learning: 5  %
Lectures: 40  %
Simulations: 10  %
Team Projects: 20  %

Requirements for graduation:

Students must write a complete business plan

Students must have earned a pre-determined GPA/letter grade average

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STUDENT LIFE
Professional clubs available to full-time MBA students:

Biotech/Health care

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Finance

Investment Banking

Marketing

Media & Entertainment

Other

Networking clubs available to full-time MBA students:

Black MBA Association

Gay/Lesbian/Bisexual

Hispanic Student Organization

International Club

Women in MBA

Other

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FACULTY
Faculty employed by the B-school:
207

Full-time faculty:

Tenured: 72
Non-Tenured: 76

Adjunct/Visiting Faculty:

Tenured: 0
Non-Tenured: 0

Women on Faculty:

Tenured: 19
Non-Tenured: 20

Minority Faculty:

Tenured: 22
Non-Tenured: 23

International Faculty:

Tenured: 17
Non-Tenured: 34

Faculty with PhDs:

Tenured: 72
Non-Tenured: 90

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CLASS OFFERINGS
Average number of students in a full-time MBA core class:
63

Average number of students in a full-time MBA elective class:
26

Elective courses available to full-time MBA students:
37

Year of last major change or significant overhaul to the core curriculum:
2007

Concentrations and specializations offered to full-time MBA students:

Accounting

Consulting

Corporate Social Responsibility

E-commerce

Entrepreneurship

Finance

General Management

International Business

Leadership

Management Information Systems

Marketing

Operations Management

Organizational Behavior

Portfolio Management

Strategy

Supply Chain Management

Technology

N/A

Joint-degree programs offered to full-time MBAs:

MBA/JD (Law)

MBA/MS (Science)

MBA/MSN (Nursing)

Other

  Does the school offer an accelerated full-time MBA program?
No

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

Consulting

Entrepreneurship

Finance

Marketing

Strategy

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GMAT
  Are applicants required to take the GMAT?
Yes

GMAT scores:

Mean : 658
Median: 660

Middle 80% range GMAT scores:

        From:  600
        To:  720

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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:
100  %

Full-time MBAs receiving financial aid in the current academic year:
36  %

Mean MBA financial aid package for the current academic year:
$  26,228

Median MBA financial aid package for the current academic year:
$  25,274

On what basis are scholarships awarded?

Academic merit

Full-tuition scholarships school will award during the upcoming academic year:
18

  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:
$  32,121

Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study:
0  %

  Does the school offer a guaranteed loan to all MBAs regardeless of nationality?
No

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CLASS PROFILE
Full-time students in newest entering class (2009-2010) that are:

Female: 39  %
International: 30  %
Married: na  %

Students from following regions:

Africa : 2  %
Asia: 15  %
Eastern Europe and Central Asia: 10  %
Latin America and the Caribbean: 5  %
Middle East: 1  %
North America: 65  %
Oceania : 0  %
Western Europe: 2  %
Dual citizenship: NA  %

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

African American: 8  %
Asian American: 22  %
Hispanic or Latino American: 5  %
Multiethnic/Multiracial : NA  %
Native American: 0  %
White (Non-Hispanic): 57  %
Chose not to report: 8  %

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

Northeast: 13  %
Mid-Atlantic: 77  %
South: 7  %
Southwest: 1  %
Midwest : 1  %
West: 1  %
Possessions and territories: 0  %

Mean months of work experience of newest entering class:
55

Median months of work experience of newest entering class:
48

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

        From:  26
        To:  96

Median age of entering class:
27

Mean age of entering class:
28

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APPLICANT POOL
International applications received:
56  %

Applications from women received:
37  %

Mean base salary forgone:
$  57,117

Median base salary forgone:
$  51,250

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APPLICANTS
Applications (admitted and denied) to the newest class:
994

Applicants who were accepted to the most recent class:
35  %

Admitted applicants who enrolled in the newest class:
40  %

Applicants who were re-applicants from prior years:
1  %

Percentage of this year's reapplicants accepted:
0  %

Applicants wait-listed during the last admissions cycle:
112

Wait-listed applicants admitted for the semester to which they applied:
7

  Applicant interviews are:
Required

Applicants (admitted and denied) who were interviewed:
48  %

Admitted applicants who were interviewed:
100  %