Ross Business School: Tuition, Requirements, Acceptance Rate

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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.

michiganross.umich.edu

Ross is consistently known for his innovation and focus on applying business principles to real-world scenarios. Both attributes are built into the learning model along with a solid dose of general management courses.  it is used for a variety of finance class exercises and student projects.

About Ross

Stephen M. Ross School of Business (Ross; formerly known as University of Michigan Business School) is a business school operated by the University of Michigan.

The Stephen M. Ross School of Business at the University of Michigan is located in the city of Ann Arbor and is part of the university’s over 46,000 undergraduate and graduate students.

In addition to his full-time MBA program, Ross also offers part-time evening and weekend MBAs, an Executive MBA, an Online MBA, and a Global MBA.

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.

  • 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
  • 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 Ross School of Business offers graduates a Graduate Data Science Certificate program

The Distinguished Leader Certificate is offered by the Executive Education program.

There are approximately 150 full-time faculty members at Ross, with about 70 additional or visiting professors whose classes span 13 areas, as well as undergraduate, graduate and postgraduate students. Programs.

Ross Professors also contribute to the school’s 20 research centers and institutes, which focus on everything from entrepreneurship to tax policy research.

Other MBA study options

In addition to his two-year full-time MBA program, Ross offers an online and a weekend part-time MBA program, a 21-month Executive MBA program, and a 16-month Global MBA, in which students spend three months abroad in Asia spend thirteen months in Ann Arbor.

Ross has established more than 20 dual degrees with other departments at the University of Michigan – Ann Arbor in areas such as law, engineering, education, and more regional studies. Students also have the option of creating their own dual study programs within the university.

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Academic departments at Ross

  • Accounting
  • Corporate communication
  • Business administration and public order
  • Business Law
  • Finances
  • Management and Organizations
  • Marketing
  • Strategy
  • Technology and operations

Degree Offered at Ross

Full-time MBA Program
https://michiganross.umich.edu/graduate/full-time-mba

Online/Weekend (Part-Time) MBA Program
https://michiganross.umich.edu/programs/evening-mba

Global MBA Education
https://michiganross.umich.edu/programs/global-mba

Executive MBA Education
https://michiganross.umich.edu/programs/executive-mba

Ross School of Business Campus Spaces

The Ross School of Business building is located on the south end of the University of Michigan’s central campus and includes most of the business school’s classrooms, faculty offices, and informal meeting areas.

In addition to a lobby and full-service hotel, the building also includes a large auditorium, fitness center and café. The Davidson Winter Garden – a glazed lounge area – serves as a common meeting point for students, teachers and guests.

Full-time MBA students can live both on and off campus. Northwood Community Apartments are Michigan’s on-campus condominium for graduate students, undergraduate students with families, and faculty, although demand for the apartments is high.

Off campus, a majority of students rent apartments in popular neighborhoods such as South U, South of Hill, and Southeast Side.

Ross School of Business Rankings

  • Ranked # 12 on US News and World Report Best Business Schools List
  • 6th in the list of part-time MBAs from U.S. News and World Report
  • 19th place in the list of world rankings of universities for Masters in Management according to the QS Global World Ranking
  • Ranked 10th on the World Street Journal’s Times Higher Education and World Business School rankings for two-year MBAs in 2018.

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.

Tuition fees for the 2020-2021 academic year were $66,048 for Michigan residents and $71,048 for non-residents. With additional textbooks, housing, and other personal expenses, Ross estimates the total cost to attend is $91,054 for domestic students and $96,054 for overseas students.

Tuition costs (per year)

  • MI State Resident $63,646
  • Non-MI State $68,646
  • Food & Housing $16,502
  • Books and supplies $1,716
  • Federal loan fees $224
  • Personal $6,350
  • Mandatory Fees $214
  • International Student Service Fees $500 per semester

Total

  • MI State Resident $91,054
  • Non-MI State $96,054
  • International students on J or F visas $98,054

Registration fee:

  • The MBA application fee is $200.
  • For Master of Management, Master of Accounting, and Master of Supply Chain Management, the registration fee is $100
  • The application fee for the graduation is $90.
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How hard is it to get into Ross’ MBA program?

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.

The majority of the 2022 class came from quantitatively focused academic backgrounds; 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.

Students in class 2022 participated in the MBA program with an average of 5.3 years of work experience. The class consists of 18% international students from 28 countries. Women make up 43% of the class by 2022, and 36% of the class identify as American color students.

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.

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.

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.

Students at Ross can also do a temporary independent study project if they have good academic status. In the second year, students take elective courses that last either seven or 14 weeks. There are short breaks between autumn, winter and spring.

Ross requires every full-time student to complete 57 credits worth of courses in two years to earn an MBA. In total, approximately 30 of these credits will be completed in the 10 core freshman courses.

In order to forego core courses or other study requirements, students can choose to take an exam, provide evidence of academic or professional experience in the material, or cite a job title such as a CPA.

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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.

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.

Candidates can request to waive academic proficiency tests (GMAT, GRE) and English proficiency tests (TOEFL, IELTS and PTE). The school notes that participation in a “team exercise,” either on the Ann Arbor campus or in one of several international locations, is highly recommended.

Interviews are required for admission to the program and are only carried out by invitation, usually by an employee of the admissions office or an alumnus.

Application checklist

  • Data forms
  • GMAT / GRE and TOEFL / IELTS score (s)
  • •Keep going
  • Registration fee
  • Recommendation
  • Academic certificates
  • •Essays

To get more information and commence application, click on the link to visit the Ross School of Business official website.

Ross School of Business Scholarships

To help fund their education, students are automatically considered for scholarships when admission is granted, and no additional application is required.

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.

In addition, 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.

References

 

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