The Kellogg School offers the Master of Business Administration (MBA) as well as a doctoral program, and a joint degree in law (JD/MBA) with Northwestern Law School, manufacturing (MBA/MEM) with McCormick School of Engineering, and medicine (MD/MBA) with Feinberg School of Medicine. Other programs include internships, work-study programs, foreign exchange with 15 countries, and joint research. The strongest areas of study are finance, marketing, management and strategy, entrepreneurship, and management and organizations. Regular programs bring distinguished speakers and visiting professors to campus. In the past year, more than 400 CEOs, managing directors, government officials, and senior executives gave keynote addresses at Kellogg conferences and were guest speakers in classes or at student events.
Twenty-five total credits are required to complete the MBA, including 15 elective credits. Required courses include:
- Marketing Management
- Finance I
- Accounting for Decision Making
- Values and Crisis Decision Making
- Mathematical Methods for Management Decisions
- Operations Management
- Business Strategy
- Strategies for Leading and Managing Organizations
Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending full time is 22 months. For students attending part time, the minimum is 2<1/2> years; maximum, 5 years.
There are 176 total full-time graduate business faculty, of whom 93% hold a doctorate; there are 101 part-time faculty. Faculty salaries are rated well above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 57.
A bachelor’s degree is required. A strong mathematics background is not required.
The number of applicants for the 2006-2007 class was 4072; 977 were accepted; 556 enrolled. The average GPA was 3.45; average GMAT score was 702. Transfers are not accepted. Minority students are actively recruited.
Students may begin the MBA program in the fall only. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $225 and 2 letters of recommendation. All applicants are required to request an interview. Students are notified on a continuous basis and by appropriate deadline of the admissions decision. Once accepted, students may defer admission on a case-by-case basis. Check with the school for current application deadlines.
About 70% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $42,207 annually; maximum $87,310. Stipends and programs available for minority students include grants and corporate scholarships. The FAFSA, the school’s own financial statement, and the previous year’s tax return are required. Check with the school for current application deadlines.
Tuition for all students is $41,115 per year. On-campus room and board costs approximately $14,190; books and supplies, $10,495, for an estimated annual total of $65,800. Graduate student housing is available in Kellogg’s McManus Living-Learning Center (houses 300) and Englehart Hall (apartment-style living). There is a referral service to help procure off-campus housing.
All of the current graduate business school class have had an average of 5 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from foreign countries (28%). Thirty-one percent are women, 16% are minorities, and 22% are foreign nationals. The average age at entrance is 28; ages range from 26 to 31. Students’ undergraduate majors were as follows: 38%, engineering/sciences; 27%, business; 22%, math and science; 18%, economics; and 17%, social sciences.