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Carlson School of Management – University of Minnesota - Full-Time MBA

Minnesota Carlson Full-Time MBA Program Structure

The two-year, AACSB-accredited full-time program at the University of Minnesota Carlson School of Management is less-than-traditional MBA, starting with online courses in the summer. The online courses cover accounting, finance, and economics courses in July, leading to the official orientation in late August.

The first year of the program features a majority of students’ core courses—25 in total of the 64 credits required to complete the full-time program. Students have the option to choose from more than 70 electives, which begin in the spring semester of the first year. After an infusion of experiential learning courses in the second year, students are offered global experience in one of three ways: a semester abroad; a two-week global “enrichment;” or a global course. The length of the commitment for the global experience can be counted for as little as four credits, or as much as 10.

Curriculum

The customizable curriculum in the Minnesota Carlson full-time MBA program allows students to choose from the following specializations: accounting; entrepreneurship; finance; healthcare; human resources; information systems; integrative leadership; international business; management; marketing; and supply chain management.

A major emphasis of the Carlson curriculum is experiential learning, which focuses on a more direct, hands-on approach with businesses and career coaching.

Full-Time MBA Rankings

• U.S. News & World Report: 35 (tie)
• Bloomberg: 35
• Forbes: 32
• Financial Times: 81
• The Economist: 39

Class Profile

The average class size for the Carlson School of Management full-time MBA program is 96 students. About 30 percent of these students are women, 21 percent international, and 14 percent are U.S. minorities. These students, on average, are 28-years old, earned a 690 GMAT score, and a 3.45 undergraduate GPA. The work experience average was around 4.7 years.

Career Statistics

The most recent Minnesota Carlson full-time MBA class earned an average base salary of $113,093 per year, with a signing bonus averaging $25,192. An estimated 95 percent of graduates earned job offers within three months of earning their degree, with 88 percent accepting the offers.

Most Carlson full-time grads joined the consulting industry, at 25 percent, followed by healthcare and manufacturing, both at 18 percent, respectively.

Tuition, Scholarships, and Financial Aid

In-state residents pay an annual tuition rate of $40,176 for the Minnesota Carlson full-time MBA program, with out-of-state and international students paying $51,456.

With added cost estimates of books, health insurance, and student fees, the total for in-state residents comes to $47,829.74. Out-of-state residents pay an estimated $59,109.74 and international students pay $59,487.74. Price varies from year to year and does not factor in on-campus living, travel, and food expenses, as well as the required international residency. An additional fee of $378 is required for international students. A $1,500 tuition deposit is required to hold a place in the program after acceptance is offered.

The university estimates that living in the Twin City metro area costs around $14,000 per year.

All students accepted into the Minnesota Carlson full-time MBA program are automatically considered for merit-based scholarships, which can be found here. Specific scholarship opportunities may also be available for U.S. armed forces members and veterans.

Financial aid is available to all students. U.S. students are eligible for federal unsubsidized and direct PLUS loans, as well as private loans. International students must apply for private loans. Select students may work part-time with the business school through the Federal Work-Study (FWS) Program, which can also help fund tuition payments.

Admissions

In order to apply to the Minnesota Carlson full-time MBA program, applicants must submit:

• A completed online application
• Official transcripts
• Two professional references
• GMAT/GRE scores
• A personal statement
• TOEFL or IELTS test scores (if necessary)
• Resume
• A video essay
• A $75 non-refundable application fee

Interviews may be conducted by invitation only.

Application deadlines are as follows:

Final Round – April 1 (U.S. only)

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