Michigan Ross - Admissions & Profile
Table of Contents
- Applicants: 3,000
- Acceptance Rate: 20%
- Class Size: 500
- Contact: www.bus.umich.edu
Successful Applicant Profile
While it may be a surprise that 26% of the class of 2011 at the Ross School were engineering majors as undergraduates, the School's emphasis on teamwork and innovation lends itself to the analytical mind. Ross students have an average of 5 years of work experience, giving them the opportunity to demonstrate leadership in applying proven business principles in the work place. In addition, successful applicants should be able to identify a weak area in a business and create a plan to improve it. Practical experience and the application of innovative ideas are a mainstay at the Ross School.
Entrepreneurial interest and experience is also a plus, considering the resources and support of the Samuel Zell-Robert H. Lurie Institute for Entrepreneurial Studies.
- GMAT Score: 700+
- Work Experience: 5 years
- Undergraduate Education: Tier 1 University
- Undergraduate GPA: 3.4
- Future Career Path: Consulting, Finance/Accounting, Marketing/Sales
Reputation & Job Prospects
See the rankings page for the school's rank in various publications.
The Ross School is consistently ranked in the top 10 business schools. It is one of only 4 business schools consistently ranked among the top 10 by BusinessWeek since the magazine first began tracking business school rankings in 1988. The school boasts the largest alumni network of any business school in the world.
Ross School graduates from the class of 2009 had access to over 2,400 on-campus interview slots. Almost 30% of those graduates took jobs in consulting, while 28% went into finance and 25% into marketing. The median salary for members of the class of 2009 was $100,000.
Notable Faculty (Past & Present)
- Allen, Peter - Successful Realtor.
- Lieberthal, Kenneth - William Davidson Professor of Business Administration; Arthur F. Thurnau Professor of Political Science; distinguished fellow of the William Davidson Institute.
- Ulrich, David - 2006 was ranked number one on HR Magazine's list of most influential people in the Human Resources field.
The University of Michigan School of Business opened its doors in 1924. The first graduating class of 12 students finished their MBA program in 1926. With the establishment in 1942 of the BBA program, enrollment steadily increased to 366 students in 1945. Michigan became one of the country's largest MBA programs in 1947 with 340 students.
Since the 1950s, the Michigan School of Business has rapidly expanded their offerings in the form of many diverse programs such as Executive Education, The William Davidson Institute, the Michigan Joint Manufacturing Initiative, and many others.
In 2004, Alumnus Stephen Ross donated $100 million to the School. The Board of Regents subsequently renamed the school the Stephen M. Ross School of Business at the University of Michigan.
- Peter Hoekstra - a Congressional Representative from Michigan; elected as a Republican to the One Hundred Third and to the six succeeding Congresses (January 3, 1993-present); chair, Permanent Select Committee on Intelligence (One Hundred Eighth Congress).
- Martha Seger - Former member Board of Governors of the Federal Reserve Bank. The first woman ever appointed to a full term on the Federal Reserve Board (appointed by President Ronald Reagan in 1984).
- Roger B. Smith -Former Chairman and CEO of General Motors.
- Joel Tauber - Founder of Tauber Enterprises, donor and founder of the Tauber Manufacturing Institute at the Ross School.
- Timothy Wadhams - CFO of Masco Corporation and nominated, in 2007, to position of CEO. Headquartered in Taylor, Mich., Masco Corporation is one of the world's leading manufacturers of building products.