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Carroll School of Management – Boston College - Full-Time MBA

Boston College Full-Time MBA Program Structure

For the Boston College full-time MBA program at the Carroll School of Management, the first year is split into two semesters that can be further divided into seven-week quarters. Following a one-week orientation in late August that includes the course Introduction to Strategic Management, classes begin in early September. Second-year students focus on the functional discipline of their choice by taking semester-long elective courses.

Curriculum

The first semester of the MBA program is highly regimented and consists entirely of required courses. Beginning the second semester of the first year, full-time students can begin taking elective courses. The second year is dedicated entirely to elective coursework.

Applied or experiential learning plays a large role in the Carroll School MBA experience. Students are afforded a myriad of opportunities to learn from industry practitioners and gain exposure to real-world business problems. Through the International Consulting Project elective course, for example, students have traveled to China and Peru to complete on-site consulting engagements for clients. As part of the Warren Buffett and Berkshire Hathaway Field Experience, select students travel to Omaha in order to meet Buffett and tour Berkshire Hathaway. For students interested in technology, the school hosts weeklong “TechTreks” to New York City, Silicon Valley, and Seattle.

Students also participate in a special project during their MBA studies. During their first year, students complete a Management Practice course, in which they work with live companies facing real business challenges, and deliver recommended solutions.

All Boston College full-time MBA students at the Carroll School have the option to complete a series of elective courses aligned with one of the school’s nine specializations, which include asset management, business analytics, and product and brand management, to name a few. The school reports that approximately 16 percent of students are enrolled in one of their dual degree programs, such as the MBA/MSF.

Given Boston College’s Jesuit roots, a final requirement for graduation is the completion of 20 hours of community service.

Full-Time MBA Rankings

• U.S. News & World Report: 43 (tie)
• Bloomberg: 49
• Forbes: 51
• Financial Times: 67

Class Profile

Just under 500 prospective candidates applied to the Carroll School of Management full-time MBA program, with 77 students earning enrollment at a selection rate of 44 percent. Students joined the program with an average GMAT score of 636, typically ranging between 570-710. Prior to enrollment, students in the program earned a 3.33 GPA, with an average of 4.8 years of professional work experience.

About 25 percent of enrolled full-time MBA students are female, with 75 percent male students. The average age of the class is currently 28.

Career Statistics

Within four months of graduation, more than 94 percent of graduates from the Class of 2018 had received a job offer. For those students who accepted offers, the average median starting salary was $65,356. The most popular industry chosen by graduates was financial services at 26 percent. About 6 percent of students entered consumer products, less than 1 percent pursued jobs in the pharma/biotech/healthcare sector and seventeen percent joined consulting firms.

Tuition, Scholarships, and Financial Aid

Tuition for the current academic year for the Boston College full-time MBA is $53,250 ($26,625 per semester), totaling $106,500 over two years. Full-time students should also budget for room and board (per academic year), $3,120 for health insurance and $3,255 for personal expenses. The school recommends budgeting $6,250 for summer expenses.

A number of scholarships are available to both domestic and international full-time students. Candidates are automatically considered for these scholarships at the time of application, and there are no additional forms to fill out. In 2018 more than 75 percent of newly enrolled students received a merit-based award. These awards averaged $44,000, and students are notified about whether they have received aid at the time of admission. More than 40 percent of entering part-time MBA students in 2018 received scholarships averaging over $4,500 each. Graduate assistantships entailing research or administrative work in exchange for a financial award are another option for students seeking financing, and Carroll students who are receiving scholarships may pursue assistantships as well. Students of Irish descent may qualify for a full-ride through The Denis O’Brien Fellowship. The school also encourages U.S. military veterans to contact Student Services in order to learn more about tuition reduction and an application fee waiver option.

Admissions

In order to apply for admission to the full-time program, first-time domestic candidates must submit a completed online application form, résumé, employment history, one personal essay, one recommendation letter, transcripts from all academic institutions attended as part of a degree-granting program, official GMAT or GRE scores, and a nonrefundable application fee of $100. International applicants must additionally submit TOEFL, IELTS or PTE scores. However, waivers for these scores are extended to international applicants who completed a four-year bachelor’s or two-year master’s degree at a school where English is the official language of instruction and those who have worked full-time in the U.S. for at least two years.

Interviews at Carroll are conducted by invitation only and offered at the discretion of the admissions committee, and students may not request or schedule interviews otherwise.

Candidates who applied for admission within the past year may reapply for a place in the program using a streamlined form. In addition to this form, applicants must submit a cover letter, résumé, updated test scores and transcripts if applicable and an essay.

Work experience is not strictly required in order to apply for the program, although it is advised applicants have at least two years of previous experience.

Application deadlines are as follows:

Round One – Oct. 1, 2019
Round Two – Nov. 26, 2019
Round Three – Jan. 7, 2020
Round Four – March 17, 2020
Round Five – April 14, 2020

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