Carroll School of Management – Boston College

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 10 specializations, which include asset management, business analytics, and product and brand management, to name a few. The school reports that approximately 9 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.

Class Profile

688 candidates applied for admission to the full-time class entering in last fall. The program posted a selectivity rate of 38 percent, and the entering class size was 86 students. On average, enrolled students had five years of experience and were 28 years old upon matriculation. The mean undergraduate GPA of the class was 3.2 and 80 percent of students scored between 590 and 730 on the GMAT exam; the average score was 667. Slightly more than a third of the class is female, while 34 percent of students are international. Underrepresented domestic minorities account for 19 percent of the class. Boston College also attracted students from a relatively diverse range of undergraduate backgrounds. In their undergraduate careers, 14 percent of students studied the humanities and social sciences, 10 percent studied economics, 6 percent business and commerce and 14 percent pursued engineering degrees.

Careers

Current Boston College full-time MBA students have access to the Carroll School’s Career Development office, which provides a variety of different services to students pursuing new job opportunities. In addition to meeting with a career advisor, students can attend workshops, attend employer networking and information sessions, and search from jobs on the MBA Focus/GTS database. All MBA students may also take advantage of access to the greater Boston College Career Advisory Network, a database of the school’s alumni who are willing to share their professional experiences with current students and other alums. Finally, the Career Development office publishes a weekly newsletter every Friday in order to keep students informed of all of the office’s events.

Within three months of graduation, more than 90 percent of graduates from the Class of 2016 had received an job placement. For those students who accepted offers, the average total compensation was $110,307. The most popular industry chosen by graduates was financial services at 36 percent. About nine percent of students entered consumer products, 5 percent pursued jobs in the technology sector and 14 percent joined consulting firms.

Within three months of graduation, more than 90% of graduates from the Class of 2014 had received an employment offer. For those students who accepted offers, the median salary was $90,000 with an average total compensation of $102,990. The most popular industry chosen by graduates was financial services at 37%. Fourteen percent of students entered consumer products, 12% pursued jobs in the technology sector and 11% joined consulting firms.

Tuition & Financial Aid

For students beginning their studies in Fall 2017, tuition for the academic year is $49,230 ($24,615 per semester). Full-time students should also budget $14,805 for room and board (per academic year), $2,775 for health insurance and $3,255 for personal expenses. The school recommends budgeting $6,020 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 2015, 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. 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.

Application Procedures

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.

Application Deadlines

Round 1
Application Deadline: November 1, 2016
Decision Notification: January 15, 2017

Round 2
Application Deadline: January 15, 2017
Decision Notification: March 15, 2017

Round 3
Application Deadline: March 15, 2017
Decision Notification: May 1, 2017

Round 4
Application Deadline: April 15, 2017
Decision Notification: June 1, 2017