William E. Simon Graduate School of Busines

University of Rochester, William E. Simon Graduate School of Busines History

University of Rochester, founded in 1850, is a private, coeducational institution. The 87-acre campus is located in a suburban area 3 miles southwest of Rochester. Total undergraduate and graduate enrollment is 8425.

The William E. Simon Graduate School of Business was founded in 1958 and is located on the main campus, in its own building, Schlegel Hall, Carol Simon Hall, and Gleason Hall. Courses also are offered at Universitat Bern in Switzerland (Executive MBA). The basic educational approach is a balance between theoretical and case method. The program focuses on functional skills in finance, accounting, marketing, and operations, and on analysis of the firm in the free-market economy, using economic and analytical methods.

University of Rochester, William E. Simon Graduate School of Busines Academics

The Simon Graduate School of Business offers the Master of Business Administration (MBA), Master of Science in Business Administration (MS), and Master of Accountancy (MS Acc) as well as a doctoral program in business administration, and a joint degree in public health, and medicine. Other programs include a 3-2 degree with various University of Rochester undergraduate schools, cross-registration with the Department of Economics, foreign exchange with 9 countries, and joint research at major business schools. More than 100 organizations offer summer internships. The strongest areas of study are finance, marketing, accounting, operations, entrepreneurship, and health sciences management. Regular programs bring distinguished speakers and visiting professors to campus, including the Carnegie-Rochester Public Policy Conference, the Frederich Kalmbach Executive Seminar Series, and the Max Farash Lecture Series.

Sixty-seven total credits are required to complete the MBA, including 33 elective credits. Required courses include:

• Corporate Financial Accounting
• Managerial Economics
• Framing and Analysing Business Problems l
• Information Systems for Management
• Capital Budgeting and Corporate Objectives
• Marketing Management
• Operations Management
• Framing and Analysing Business Problems ll
• The Economic Theory of Organizations
• Management Communication

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 18 months; maximum, 2 years. For students attending part time, the minimum is 2 1/2 years; maximum, 7 years.

There are 48 total full-time graduate business faculty, of whom 82% hold a doctorate; there are 12 part-time faculty, of whom 50% hold a doctorate. Faculty salaries are rated 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 50.

University of Rochester, William E. Simon Graduate School of Busines Unique Programs

Library

The main university library and business school library combined houses a collection of more than 3.3 million volumes, 3,300,000 microform items, and 156,000 special business collections, and subscribes to 9500 periodicals. The business library is particularly strong in finance and accounting. Students have access to such databases and networks as ABI/INFORM Global, Investext, EconLit, Lexis/Nexis, Academic Universe, STAT-USA, Mergent, Marketline, and Factiva. Other opportunities for research consist of wireless network.

Computers

Graduate business students must have their own PCs. The business school has its own computer facilities, consisting of more than 72 networked PCs with high-speed Internet access to laser printing and other output devices. The Simon School has a wireless LAN system that facilitates web access. A Bloomberg Financial Services terminal is available. The computer laboratory is open 7 days a week.

Career and Job Placement

Majors most in demand by companies recruiting in 2006 were finance, marketing, consulting, operations, health care management, and information systems. Average starting salary of the graduating class was $79,104; range was $35,000 to $120,000. Placement services are extensive. Placement services for alumni include all services except on-campus recruiting; there is an on-line career center, and workbook including a job-posting board. Placement is available through Simon Career Management Center. Ninety-one percent of the most recent graduating class found jobs within three months of receiving their degree.

International Students

International students must take the TOEFL. They also must submit a translation of their transcripts, proof of health consisting of a completed health form, and proof of adequate funds to cover 1 year of study. Financial aid is available for these students and consists of merit-based scholarships on a limited basis. The application deadline for fall entry is June 1.

Calendar

The school operates on a quarter basis. Quarters are 10 weeks long; summer sessions, 8 weeks. Graduate programs are offered during the day and evening.

University of Rochester, William E. Simon Graduate School of Busines Admissions

A bachelor’s degree is required. Most important admissions factors are academic accomplishments and ability, a successful interview, and work experience. A strong mathematics background is not required.

The number of applicants for the 2006-2007 class was 696; 252 were accepted; 95 enrolled. The average GPA was 3.46; average GMAT score was 667. Transfers are accepted. Minority students are actively recruited by participation in the Consortium Graduate Study in Management.

Students may begin the MBA program in the fall and winter. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $125, 2 letters of recommendation, interviews are by invitation only. The application deadlines are June 1 for fall entry; October 15, winter. Students are notified on a rolling basis of the admissions decision. The latest acceptable test date for fall entry is May.

University of Rochester, William E. Simon Graduate School of Busines Financial Aid

About 81% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships. Stipends and programs available for minority students include fellowships through the Consortium for Graduate Study in Management. The FAFSA and the previous year’s tax return are required. The application deadline is June 1 for fall entry.

Tuition for all students is $1192 per credit, or $35,760 per year. On-campus room and board costs approximately $10,215; books and supplies, $1800; personal expenses, $2070; and other fees, $1943, for an estimated annual total of $51,788. Graduate student housing is available on campus. There is a referral service to help procure off-campus housing.

University of Rochester, William E. Simon Graduate School of Busines Students

Sixty-one percent of the current graduate business school class are enrolled full time; 87% 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 (46%). Thirty percent are women, 38% are minorities, and 40% are foreign nationals. The average age at entrance is 27; ages range from 21 to 39. Thirteen percent enter directly from undergraduate school; 5% already have a graduate degree. Students’ undergraduate majors were as follows: 38%, business; 22%, math and science; 14%, economics; 13%, engineering; 8%, liberal arts; and 5%, social sciences. About 1% of entering students leave by the end of the first year due to academic or personal reasons; 99% remain to receive their degree. In 2006, 327 graduate business degrees were awarded.