The Class of 2017 at Emory University’s Goizueta Business School has managed to secure an average base salary of $117,719 and a median salary of $115,000, the School said in its latest Employment Report.

The Atlanta-based Goizueta is one of the schools in the United States to offer a full-time one-year MBA program apart from a two-year course.

The 1-year program cohort comprised 66 students with women comprising 39%. Minorities and international students form 17% each in the class.

The GMAT 80% range is from 560-710. The students have an average work experience of 6 years.

In employment by function, 31% of the students chose Consulting with a median base salary of $135,000. Of them, 22% went into Management Consulting with a median base salary of $135,000 and 9% into other consulting roles (includes Healthcare and Strategy Consulting) with a slightly higher median base salary of $140,000.

About 22% of the class opted for Finance drawing a median base salary of $103,000. Of them, 13% chose Corporate Finance to draw a median base salary of $105,000.

The remaining 9% went into Other Finance (includes Investment Banking and Private Equity) to draw a median base salary of $90,000.

Financial Services was opted for by 23% with a median signing bonus of $25,000. Technology comes next with median signing bonus of $17,500 followed by 5% each in Consumer Products, Real Estate and Energy. About 20% opted for Others (includes Business Services, Data Analytics, Hospitality, Manufacturing, Pharma/BioT/Healthcare, and Transportation).

Marketing comes next with 9% of the students opting for the sector. Brand Management, Business Development and Corporate Marketing claiming 3% each.

General Management is the choice for 13% of the class with a median base salary of $110,000. While 13% opted for General Management with a median base salary of $110,000, 6% of the class went into Operations/Supply Chain. Others (includes CSR/Sustainability and Function Not Reported) comprise 19% with a median base salary of $107,500.

The compensation information is self-reported. The school said 80% of the students who reported accepting offers also reported the salary data.

In Employment by Industry, 30% of the class opted for Consulting Services with a median signing bonus of $25,000.

Financial Services was opted for by 23% with a median signing bonus of $25,000. Technology comes next with median signing bonus of $17,500 followed by 5% each in Consumer Products, Real Estate and Energy. About 20% opted for Others (includes Business Services, Data Analytics, Hospitality, Manufacturing, Pharma/BioT/Healthcare, and Transportation).

Prominent recruiters included 3M, A.T. Kearney, Abbott Laboratories, Accenture, Amazon, American Airlines, Apple, Inc., AT&T, Bain & Company, Bank of America Merrill Lynch, Barclays, BNP Paribas, Boston Consulting Group, Capgemini Consulting, Capital One Financial Corporation, Citigroup Inc., Coca-Cola Company, Colgate-Palmolive Company, CSR LLC, Dell, Inc, Deloitte, Delta Air Lines, Deutsche Bank, EY, Ford Motor Company, Global Focus – Wipro Technologies, Goldman Sachs, J.P. Morgan, Johnson & Johnson, KPMG, LinkedIn, McKinsey & Company, Microsoft Corporation and PwC.

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Admission for the 1-year full-time MBA program has started at  Emory University’s Goizueta Business School in Atlanta, US.

The Round 1application deadline is October 6 with notification on December 1 and deposit due on December 22. For Round 2, the application deadline is November 17 (Preferred deadline for One-Year MBA applicants, international applicants, and applicants interested in applying for top named scholarships). The notification for the round will be on January 26 and deposit due on February 23 (one-year and all international).

Round 3 application deadline will be January 3 (Final deadline for general merit-based scholarships), notification on March 9 (Domestic and One-Year International) and deposit due on March 30 (One-Year). Round 4 application deadline is on March 9 Rolling (One-Year).

How to Apply

Along with an application fee of $150, you have to submit a scanned copy of your university transcripts for evaluative purposes.

The documents must include the university/college name, your name, degree conferred with date (if applicable), grade point average and all courses with grades received from all undergraduate and graduate institutions attended.

If you are admitted to the program you will be required to submit official transcripts at the time of your enrolment deposit.

Two letters of recommendation are to be submitted either online or in hard copy. The recommendations should be professional in nature. At least one of the recommenders should know you well in your current position such as a direct supervisor, project manager or client.

The admissions interview will give you an opportunity to explain more in depth your educational and career experiences to date, and to elaborate on your post-MBA career plans.

Your professional accomplishments, as well as your leadership and community achievements, will come up at the interview. Being similar to a professional job interview, you are expected to be in business attire and bring an updated copy of your résumé. Interviews last approximately 30 minutes.

You are required to take the Graduate Management Admissions Test (GMAT) or the Graduate Record Examination (GRE). Official score reports must be sent to Goizueta Business School directly from the testing service. Both GMAT and GRE scores are valid for five years from the examination date. If you have taken the tests multiple times, please submit all of your scores.

Four essays must be answered and submitted for your application to be considered complete. (Only two essays are required for re-applicants). The essays are a very important part of the application process, as they give the applicant an opportunity to show the Admissions Committee a bit more about personality traits beyond the application itself.

A one- or two-page résumé containing employment and educational background must be uploaded to your application. The employment section on the résumé should include locations, titles, and dates, starting with your most recent job. The education section should include dates of attendance and degrees received.

Goizueta Business School expects all students to possess strong communication skills in English. You are not required to submit an English Language Test Score if your undergraduate degree is from an institution in which English is the language of instruction and you work in a country where commerce is generally conducted in English (for example, India, Canada, the United Kingdom, Australia, New Zealand, Malaysia, Singapore, Ghana, Nigeria and Uganda).

Fees & Other Expenses

The total program cost will be $ 126,211. Apart from Tuition fees of $ 89,500, a Fees of $ 748 (including a one-time $200 Orientation fee due with admissions deposit), Living expenses of $ 29,712 (estimated), Books $ 2,000 (estimated), Health Insurance  $ 3,200 (estimated) and Parking $ 981.(Image Source:wikipedia.org)

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Emory University’s Goizueta Business School in the US offers a full time 1-year MBA program along with 2-year program and those for working professionals.

Brian Mitchell, Associate Dean of Full Time MBA Programs, considers the 1-year program as “our great strength”.

In an interview published recently in the Emory students’ blog ‘Life at Goizeta’, he says, “I think the 1-year program is a huge strength for our school, and it is a big differentiator as we go to market.

“It allows us to leverage our strong faculty to touch more students than they normally would, and it allows us to satisfy a growing demand in the marketplace for a 1 year MBA experience in a way that gives students a very high return on their MBA investments,” he adds.

“As we’ve seen a high demand from quality students seeking a top tier 1 year MBA, we believe that many schools will follow suit and expand their offerings in the near future with similar programs,’ Mitchell says.

The school prides itself on accessibility and relatively smaller sized classes. “Our deliberately small sized classes along with high staff and faculty interaction provide our students with the most intimate educational experience possible,” he adds.

Class of 2017

The One-Year MBA Class of 2017 at 66 is the largest in the school’s history, a four member increase from the previous record set last year at 62.

It is also one of the more diverse groups on record. It has students from 18 countries–Antigua and Barbuda, Brazil, Bulgaria, Cameroon, Canada, China, Colombia, Costa Rica, India, Ireland, Israel, Japan, Peru, Poland, South Korea, Trinidad and Tobago, Ukraine, and the United States.

The average GPA of the class was 3.4 with 80% GMAT Range of 560-710.  The students average work experience was 6 years. The class has  39% female representation and 17%  minorities. International students comprised 17%.

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The students come from diverse professional backgrounds. Their previous employers include A.P. Moller Maersk, Accenture, Bank Of America, Cisco, Deloitte Consulting, Delta Air Lines, Ernst & Young, ESPN, Fortegra Financial, Glaxosmithkline, Hard Rock Hotels, Helmerich & Payne, Morgan Stanley,  Porsche, Pricewaterhousecoopers,  The Coca-Cola Company, The Norinchukin Bank, The Walt Disney Company Japan Ltd., UPS, Wells Fargo Bank and WPM Commercial.

Globalizing Goizueta

As the Dean, Mitchell says he is heavily focused on the globalization of Goizueta, getting the students more opportunities for global experiences and opportunities, getting the faculty research more exposure outside of the US, and getting the brand to spread outside of the US as well.

The school has strategic partnerships with a number of countries. One such initiative is the 1-year program’s summer module, in Prague and Munich this year. “We implemented this based on previous class feedback, and it has been a great success,” he added.

Directed Study

About his experience as a student at Goizueta, Mitchell says he had undertaken a directed study with Dr. Rick Gilkey (professor in the practice of organization and management) on adjusting traditional marketing modelling to the behaviour of physicians as consumers.

“That blew me away in terms of my ability to design that project and go through the primary field research and reporting. Directed studies allow students to explore their interests, their areas of strength and improvement, and really personalize the educational experience. I always encourage all GBS students to explore directed study opportunities, as it’s a course that’s all about you,” he says. (Image Courtesy: Emory Goizueta Business School Intranet)

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