 Program costs
Please estimate the total direct costs
(tuition and required fees) of the entire MBA program.
Resident Tuition: $73,310.00
Nonresident Tuition: $73,310.00
Expected monthly rent (based on local
averages): $800.00
Recommended annual budget
(Resident): $66,058.00
Recommended annual budget
(Nonresident): $66,058.00
GMATAre applicants required to take the GMAT as
part of applying to your program? Yes
If not, how are applicants' quantitative
abilities checked before enrollment?
NA
GMAT score of newest entering class:
Mean GMAT score: 654
Median GMAT score: 650
Middle 80% range GMAT score
From: 590 to: 720
TOEFL
Are applicants whose native language is not
English required to take the TOEFL as part of applying to your
program? Yes
Minimum TOEFL score required for MBAs:
NA
Mean TOEFL score of new entrants: 628
Work experience
Postgraduate work experience (months) of
newest entering class:
Mean months of postgraduate work experience:
52
Median months of postgraduate work experience:
43
Middle 80% range postgraduate work experience
From: 0 to: 112
Percentage of new entrants with one year or
less of postgraduate work experience: 10
Age of new entrants
Mean age (rounded to nearest year): 28
Median age: 27
Middle 80% range age (years)
From 22 to 33
Application fee
Resident: $100.00
Nonresident Tuition: $100.00
Number of applications
Number of applications (admitted and denied)
to the newest class of full-time MBA entrants: 568
Selectivity
Percent of all applicants accepted to the
class of newest full-time entrants: 54
Yield
Percent of the admitted applicants to the
class of newest full-time entrants who enrolled: 46
Re-applicants
Percent of applicants that were re-applicants
from prior years: 4
What percentage of this year's re-applicants
were accepted? 54
Wait-listed applicants
Number of applicants placed on the B-school's
wait list during the last admissions cycle: 100
How many of those wait-listed applicants were
ultimately admitted for in the semester to which they applied?
26
Applicant interviews
Interviews are:
Recommended
Percentage of all applicants (admitted and
denied) to the class of newest full-time entrants who were
interviewed: 86
Percent of the admitted applicants to the
newest full-time class who were interviewed: 95
Olin MBA Essays
Essay # 1
Describe your short- and long-term career goals upon completion of the MBA.
Please be as specific as possible.(300 word maximum)
Essay # 2
Explain your specific interest in the Olin Business School. In other words,
why do you view Olin as a good fit for you? (300 word maximum)
Essay # 3
Respond to exactly one of the following essay topics (400 word maximum):
a. Describe your most significant accomplishment and why you view it as
such.
b. How do you define or describe successful leadership?
c. What do you expect will be your greatest professional challenge upon
completion of your MBA?
Essay # 4 (optional)
Provide any additional information about your application that you believe
would be helpful to the Admissions Committee. (300 word maximum)
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