27. Rice University, Jesse H. Jones Graduate School of Business
Rice University, Jesse H. Jones Graduate School of Business6100 Main Street
Houston, Texas, 77005
Admission Deadlines for Fall 2015:
Application deadline (U.S. residents): April 6
Application deadline (international students): April 6
The practical learning approach of the full-time MBA curriculum at Rice aims to transform students’ careers by blending three essential elements for maximizing strategy, leadership, and creative credentials: a comprehensive core, an action learning project, and specialized concentrations. Upon completion of the core curriculum, customization of the Rice MBA degree is possible by choosing electives that establish depth in a particular area, or demonstrate a well-rounded perspective of business principles that span several functions. Independent study is also available as an elective, in which students work with a faculty supervisor on an approved project relevant to the student’s career path.
Small and intimate classes are a signature of the program – with a student-to-faculty ratio of nine to one, students can expect plenty of attention and close relationships with their peers. The campus’ location in Houston, Texas, one of the nation’s largest and fastest-growing cities, makes it a top destination for MBAs interested in energy, manufacturing, technology, biomedical research, and financial services. Rice graduates rank Jones third in the country for current job satisfaction, according to a 2014 survey by Forbes.
The university also hosts the largest and richest graduate student startup contest. In 2014, the Rice Business Plan Competition awarded nearly $3 million and drew 42 teams from around the world.
Latest Up-To-Date MBA Rankings:
Rice University’s Jones Graduate School of Business jumped three spots on Poets&Quants’ annual ranking of the best B-schools in the U.S., rising from 30th in 2012 to 27th in 2013. This move reflects the school’s improved standing across several of the major rankings.
Significantly, Jones rose four spots – from 41st in 2011 to 45th in 2013 – in Forbes’ biennial ranking, which evaluates B-schools by return on investment. The school also gained ground in the Financial Times’ survey, moving from 39th in 2013 to 35th globally this year.
The school slipped slightly in U.S. News and World Report’s 2015 survey, dropping from No. 33 in 2014 to No. 34. Jones also fell in Bloomberg BusinessWeek’s biennial listing. The publication ranked the B-school 34th in 2012, down from 29th in 2010. The Economist‘s 2013 ranking brought more disappointing results, moving the school from 39th globally in 2012 to 43 in 2013.
Tuition & Fees (full-time): $48,500 per year
Average GMAT: 676
GMAT Range (mod-80%): 614-740
Average GPA: 3.34
Acceptance Rate: 29.5%
Full-Time MBA Enrollment: 223
Mean Age: 28
Pay & Placement For The Class of 2013:
Average Base Salary: $101,229
Average Signing Bonus: $21,315
Percentage of MBAs with Job Offers at Graduation: 79.2%
Percentage of MBAs with Job Offers Three Months Later: 93.8%
Where Jones’ Class of 2013 Went To Work
- Consulting: 20%
- Financial Services: 23 %
- Manufacturing: 2 %
- Media/Entertainment: 1 %
- Other: 4 %
- Petroleum/Energy: 33 %
- Pharmaceutical/Biotechnology/Health Care: 5 %
- Real Estate: 3 %
- Technology: 8 %
The Jones Graduate School of Business at Rice University in Houston, Texas is one of the world’s leading business schools. One of seven academic units of Rice University, it is named in honor of the late Jesse Jones, a prominent Houston business and civic leader.
Rice MBA Full-Time Program The Rice MBA was designed to help students be more effective in today’s ever-changing business world. The full-time curriculum was developed with three goals in mind: (1) maintain the traditional academic rigor and preparation that is synonymous with the Rice MBA, (2) create a delivery format that maximizes the student learning experience, and (3) provide students with the flexibility to customize the curriculum to meet their professional needs. As such, the curriculum is intended to allow students to build a strong general management foundation in the first year, while providing the flexibility to tailor the curriculum to their professional needs in the second year of the program. Second year customization allows students to declare up to two concentrations or take a more generalist approach and select from the over 40+ electives offered in the second year of the program.
Rice MBA for Professionals* The Rice MBA for Professionals program offers a unique opportunity to earn a degree while continuing to work. The program combines three essential elements: (1) a comprehensive and challenging core curriculum provides you with a solid foundation of basic business disciplines, (2) a required Capstone project that gives students the opportunity to participate in a real-world applied learning activity outside of work and the classroom, and (3) a host of specialized electives in your second year allows you to further integrate your knowledge and empowers you to achieve your career objectives. Students in the MBA for Professionals program who want to accelerate their careers are able to experience real-time learning and application of concepts learned in the classroom are applied at work the next day. The Rice MBA for Professionals program accommodates the diverse needs of the working student with different schedules: evening and weekend.
Rice MBA for Executives Program* The unique and rigorous curriculum of the Rice MBA for Executives program meets full days Friday and Saturday on alternate weekends. With its focus on strategic management and leadership development, the program is designed to appeal to key company influencers who wish to enhance their business acumen and hone their executive presence. Students learn to evaluate businesses from new perspectives while cultivating the skills needed to identify challenges, develop solutions and successfully lead an organization in today’s global community. The program’s emphasis on leadership and strategy offers critical instruction in the most essential aspects of executive management. In addition to required courses offered primarily in the first year, the program offers the advantage of at least nine electives in the second year — significant in that students can customize their course of study geared specifically to their interests. Throughout the program, students are challenged to question, define and adjust their notions of leadership. *For students traveling from outside Houston accommodations for Friday and Saturday night are provided by the Doubletree Hotel, Greenway Plaza, located a few miles from campus. Complimentary shuttle service to and from the school is also included. There is an additional cost to take advantage of this weekend residency option.
Rice PhD in Business The JGSB doctoral program is intended for candidates aspiring to become faculty members at business schools in prestigious research universities. Students engage in both coursework and research as part of their doctoral training. Students nearing graduation interview for faculty positions, hoping to start their careers as assistant professors at business schools around the world.
Undergraduate Business Minor The Jones Graduate School’s undergraduate business minor enables students to pursue any of the excellent majors on campus while enhancing their education with select business courses.
Executive Education The school’s Office of Executive Education is an integral outreach component of the Jones School of Business and offers more than 100 programs annually that focus on the working executive and includes open enrollment, certificate programs, application based management programs and custom-designed programs for organizations. Open enrollment programs are appropriate for individual learning in subjects such as accounting, finance, sales and marketing and general management. The application based programs are targeted to ensure the right level of experience and potential among the participants to promote a strong peer learning environment. Custom programs are designed for individual companies with a target audience in mind and with a defined organizational problem or issue of concern. Certificate programs have both an industry and a discipline focus ranging from accounting and energy management to healthcare.
The Rice Alliance for Technology and Entrepreneurship The Rice Alliance is a catalyst for building successful ventures through education, guidance and connections. Its mission is to support the creation of technology-based companies and the commercialization of new technologies in the Houston community and Southwest.
Since its inception in 2000, the Rice Alliance has assisted in the launch of more than 250 start-ups which have raised more than half a billion dollars in early-stage capital. More than 1000 companies have presented at the 125+ programs hosted by the Rice Alliance. More than 26,000 individuals have attended Rice Alliance events in the past nine years and over 24,000 individuals subscribe to the Rice Alliance Digest newsletter.
Rice Business Plan Competition The Rice University Business Plan Competition is the world’s richest and largest, awarding nearly $3 million in cash and prizes this year; over 133 past competitors are in business today having raised in excess of $394 million.
Career and Placement The Jones School helps students prepare for a career through a range of curricular and extracurricular career development programs. The Career Management Center offers personal counseling, mock interviews, expert speakers, and industry panels. In addition, the Action Learning Project at the end of the first year helps students explore industries and, potentially, secure a job or internship. Strategically located, Rice is ranked No. 1 in Texas and the Southwest, so students have unparalleled access to the energy companies in Houston — Houston has the second highest number of Fortune 500 company headquarters, second to New York City — and all the other opportunities in this region. In recent years, more than 80 percent of Rice graduates have taken jobs in the Southwest. Thirty percent of graduates took jobs in the petroleum/energy industry; however, students take jobs in a range of fields and, in recent years, Rice students were recruited and interviewed by such diverse organizations as ExxonMobil, Ernst & Young, JPMorgan, Waste Management, Cameron, McKinsey Consulting, ConocoPhillips, Anadarko, Newfield Exploration and Barclays.
Admissions To apply for admission to Rice University, applicants must submit official transcripts of all college-level work, GMAT scores, two letters of recommendation, a current resume, and three personal essays. When evaluating applicants, Rice looks for both qualitative and quantitative skills; however, a strong academic track record is paramount in an admissions decision. There are no minimum GMAT or GPA scores required for admission. The mid-50 percent GMAT range is 640 to 710, though a high score does not guarantee admission, just as a low score does not prohibit it. Jones School also offers a broad array of scholarships.
ADMISSIONS CONTACT: MELISSA BLAKESLEE, EXECUTIVE DIRECTOR OF ADMISSIONS
ADDRESS: MBA ADMISSIONS, PO BOX 2932-MS 531, JONES SCHOOL HOUSTON, TX 77252-2932
PHONE: 888-844-4773 • FAX: 713-348-6147
Testimonials from students Patra Brannon - MBA Full Time Class of 2011 Patra is the winner of the 2010 Jane M. Klausman Women in Business Scholarship from Zonta International. Choosing the Rice MBA: I chose Rice because of the opportunity to stay in Houston and become part of a diversified, yet intimate network of MBA professionals. I was especially attracted to the familial presence that Rice exhibited. I loved that the school’s culture was collaborative yet competitive, challenging and supportive. Rice just seemed to offer all that I desired right here in my hometown.
Radost Boneva – MBA Full Time Class of 2011 Choosing the Rice MBA: I was focusing on small programs in large cities that have a student-managed investment fund. After spending couple of days at the Rice campus as a guest of the Women’s Preview Weekend – I fell in love! Interacting with people involved in the program made the difference for me. I was searching for “The Reason” to stay, and had found it in the people I met.
Norman Wright II – MBA Class of 2012 Full Time The best part of my Rice MBA experience so far are the people that I have met. From my classmates to the faculty and staff, I have quickly developed relationships that I will keep for many years to come. Not only have I made some great friends in the short time that I have been at Rice but I have also met many people who I know I will be able to contact in the future for advice and guidance. My teams have also been amazing. I think the school does a great job of making sure each core team has a good mix of backgrounds and experience. This allows for us as students to learn from our teammates and gain valuable insight from their experiences.
Jesse Filipi - MBA Class of 2012 Full Time (MBA/ME) On Pursuing the MBA/ME program at Rice: First, Rice was the only school that I found which offered a true engineering masters degree. Other schools have a manufacturing or operations engineering degree as half of the dual, and for me that wasn’t interesting enough. Second, the dual degree offered me the unique opportunity to tie all of my previous experience together. I wanted to move back towards engineering and energy, and the dual degree provided the perfect way for me to simultaneously advance my engineering and business skills to achieve this goal.
Rahila Odhwani - MBA Class of 2012 Full Time The best thing about the MBA experience has been the people I have met through the program. My core team the first semester was responsible for shaping a majority of my MBA experience. I learned a great deal from each one of them and had a great time during the process. During my second semester I had had the opportunity to take advantage of some great programs offered by Rice such as the Rice Business Plan Competition and the Jones School Board Fellows program, where I was able to serve as a non-voting board member for a local nonprofit organization. These programs have extended me opportunities to collaborate with venture capitalists, students from around the world, and board members for local nonprofits.
John Levene - MBA Class of 2012 Full Time I chose the Rice MBA program because the school was a good fit for me. The structured first year appealed to me because I was not 100% sure what I wanted to do with my MBA. Furthermore, Rice MBA’s strong relationship with the energy industry was very appealing as I have a geotechnical engineering background (B.S., M.E). After looking at several other MBA schools, the Rice MBA course offerings are more diverse than other programs.