Traditional MBA Overview
- ACCEPTANCE RATE
- 38%
- AVERAGE GMAT
- 682
- ENROLLED
- 154
- GMAT REQUIREMENT
- Yes
- MEDIAN BASE SALARY OF NEW GRADS
- $119,000
University of Minnesota–Twin Cities (Carlson) MBA applicants must submit either a GMAT or GRE score to be considered for admission, although there are waivers for those who meet very specific GPA and work experience requirements. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 682, with a 38% acceptance rate. TOEFL scores are required for international applicants. Graduates from Carlson’s MBA program earn a median base salary of $119,000.
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Executive MBA Overview
- AVERAGE NUMBER OF YEARS OF WORK EXPERIENCE
- 16
- GMAT REQUIREMENT
- No
Applicants to the University of Minnesota–Twin Cities (Carlson)’s executive MBA program aren’t required to submit GMAT or GRE scores to be considered for admission. Among incoming students, the average amount of prior work experience is 16 years and the average amount of management experience is 11 years. International students are required to submit TOEFL scores. Three references—one of which is from a supervisor—are required and students must complete 52.5 credits to graduate. Applications must be submitted by July 15 and 73 students are enrolled.
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Part-Time MBA Overview
- ACCEPTANCE RATE, FALL 2023
- 94%
- AVERAGE NUMBER OF YEARS OF WORK EXPERIENCE, 2023-24 ENTRANTS
- 8.0
- AVERAGE UNDERGRADUATE GPA, 2023-24 ENROLLEES
- 3.40
- GRADUATION RATE, 2020-23
- 40%
- ONE-YEAR RETENTION RATE, 2022-23
- 94%
- SIZE OF 2022-2023 GRADUATING CLASS
- 176
- TUITION PER CREDIT, OUT-OF-STATE 5%
- $1,720
- YIELD, 2023–24 (MATRICULATES/ADMITS)
- 75%
At the University of Minnesota, the part-time MBA is test optional to apply. Two letters of recommendation are needed, and international students must submit proof of English proficiency. The deadline to apply for fall admission is July 15. Graduates earn median annual salaries of $120,000 four months post-program, with a reported average 62% salary increase during the program.