33. Simon Business School at the University of Rochester
Simon Business School at the University of Rochester305 Schlegel Hall
Rochester, New York, 14627
Simon Business School has taken an analytics and economics-based approach to business for more than 50 years. It is one of the few top business schools to exhibit such an intense focus; most tenured or tenure-track faculty members are either economists or statisticians. The School’s dedication is proving to be an important advantage, as big data continues to gain prominence in big business.
Placement rates saw a marked increase, as did salary for the MBA Class of 2014; 95 percent of the class accepted job offers three months post graduation and average overall compensation package (salary plus bonus) rose $10,000 from the previous year. In addition to placing students with core employers, including Citigroup, Deloitte, HP, Unilever, and ExxonMobile, Simon has extended its reach, helping graduates land positions in new industries with prominent firms like Go-Daddy, Sling Media, and Rocket-Fuel. These advances are the result of the School’s integrated career strategy. Students work with a career consultant and have access to a host of professional services, including résumé development, mock interviews, workshops, and recruiting events to help them parlay rigorous academic preparation into successful careers.
The School has also welcomed Andrew Ainslie as its seventh dean. Ainslie, formerly senior associate dean, full-time MBA program, at UCLA Anderson School of Management, affirms his commitment to Simon’s approach saying, “Simon has a rock-star faculty and is a School that moves beyond management as usual and uses the power of data to drive smart decisions. We provide the skills students need to solve complex business issues in a range of environments with a challenging, rigorous education, and with support, coaching, and personalized attention. We believe strongly in the value of economics and statistics in the analysis of all business problems, and it is reflected in our ranking as a top five school for economics and finance. Simon offers an education that will attract students who value our analytic bias.”
Under Ainslie’s direction, the School has strengthened its MBA and MS programs in Rochester, NY, while also expanding its New York City presence with three program offerings: MS in Finance, MS in Management, and the newly announced MS in Health Care Management.
Simon’s growth is balanced by a signature close-knit community and colloquial atmosphere, which is conducive to providing students with personal attention and creating opportunities for meaningful connections among students, faculty, and alumni.
Two-Year MBA Admission Deadlines:
Round One: October 15, 2015
Round Two: November 15, 2015
Round Three: January 5, 2016
Round Four: March 15, 2016
Final Deadline: May 15, 2016
Latest Up-to-Date MBA Rankings:
Poets & Quants (2014): 33
Bloomberg Businessweek (2014): 38
Financial Times (2015): 43 (US)
Forbes (2014): 34
U.S. News & World Report (2015): 37
The Economist (2014): 34 (US)
Tuition & Fees: $51,667
Average GMAT: 690
GMAT Range (mid-80%): 610-730
Class of 2016 GPA Range (mid-80%): 3.18-3.95
Acceptance Rate: 32%
Full-Time MBA Enrollment: 125
US Minority: 10%
Mean Age: 27
Median Base Salary (2014): $91,543
Median Signing Bonus (2014): $15,291
Percentage of MBAs Accepted Employment at Graduation (2014): 79%
Percentage of MBAs Accepted Employment Three Months After Graduation (2014): 95%
Percentage of Graduate Hires by Function, 2014:
General Management: 8%
IT / HR: 6.2%
Top Employers of The Class of 2014:
Constellation Brands: 5
Hewlett Packard: 5
Other top recent employers include: The Cognizant Group, M&T Bank, Bank of America, Ernst & Young, Liberty Mutual Insurance, and KPMG.
Estimate of Total Pay over a 20-Year Career*: $2,016,000
2014 PayScale Estimate for Poets & Quants
- 3 for ROI among private US Business Schools (Bloomberg Businessweek, December 2014)
- 12 for job placement three months post graduation among leading US schools (U.S. News & World Report, March 2015)
- 5 in the World for Finance (Financial Times of London, January 2015)
- 3 in the World for Economics (Financial Times of London, January 2015)
- 38 among top US Business School (Bloomberg Businessweek, November 2014)
- Simon School faculty regularly earn an A in teaching quality (Bloomberg Businessweek)
A Simon Business School education is transformative, focused on providing you with the latest theories in the science of management and on teaching you how to effectively use those theories in practical business situations.
Simon’s integrated approach to management education, with analytics and economics at the core, sets us apart from other business schools. With Simon’s strong cross-functional curriculum, you will understand the intricacies of today’s business world. No policy is made within a vacuum; no deals are secured in isolation. It is only through cross-functionality, both in and out of the classroom, that you will learn the invaluable repertoire of proven business practices and tools that can be applied to a myriad of different situations.
Full-Time MBA students typically select 11 elective courses to develop expertise in one or more concentrations. With nearly 80 percent of Simon graduates pursuing career paths in finance, marketing, and consulting, the five most popular concentrations are:
- Competitive and Organizational Strategy, including tracks in Strategy and Organization and Pricing
- Corporate Accounting
- Marketing, including tracks in Marketing Strategy, Pricing, and Brand Management
In order to offer specializations for the varying interests of Simon students and allow them to truly tailor their MBA experiences, eight additional concentrations are available to fit almost any future career path.
- Accounting and Information Systems
- Business Environment and Public Policy
- Business Systems Consulting
- Computers and Information Systems
- Health Sciences Management
- International Management
- Operations Management
- Public Accounting
The flagship Two-Year MBA program consists of 20 courses (67 credits, 61 billable credits) and can be completed in six quarters of full-time study. Nine core courses are required in the underlying disciplines of Economics, Accounting, Finance, Marketing, Operations Management, Organization and Strategy, and Information Systems for Management. In addition, a two-course sequence teaches students to frame, analyze, and communicate solutions to unstructured business problems. A course in business communications is also required of all full-time students.
Part-Time MBA Program Options
Other program options for busy working professionals include an Accelerated Professional MBA (PMBA), Part-Time Flexible MBA, and Executive MBA programs in Rochester and Bern, Switzerland.
In addition, Simon offers the MD/MBA in conjunction with the University of Rochester’s School of Medicine and Dentistry, as well as the Technical Entrepreneurship and Management (TEAM) program with the University’s Hajim School of Engineering and Center for Entrepreneurship.
Simon also offers full- and part-time MS programs in specialized areas of study including Finance, Accountancy, Management and Health Care Management, as well as a Master of Business Administration with concentrations in Marketing and Medical Management. Simon’s Full-Time MS programs generally require only one year of dedicated study, allowing students to finish their degrees and return to the workplace at a faster pace.
Part-Time Programs in New York City
Simon also offers part-time MS options aimed at working professionals in New York City. The School has part-time MS in Finance, MS in Management, and MS in Health Care Management programs at a convenient Manhattan location. Weekend courses and residency weeks in Rochester, NY, allow students to immerse themselves in the Simon experience while continuing to balance their careers and personal obligations.
Students and the MBA Experience
The Simon Business School experience is highly personalized, due to smaller class sizes. This allows you to create more meaningful relationships with faculty, staff, and classmates, thereby enhancing professional and personal development and promoting the capacity for leadership.
Simon students enter the program with a wide range of educational, professional, and geographic backgrounds. Undergraduate majors typically include economics, humanities, social sciences, business and commerce, engineering, math, and science. The class of 2016 includes 22 percent women and 10 percent of Simon’s US students are members of under-represented minority groups. Prior full-time work experience averages 4.7 years and the average age is 27.
The Simon experience reflects a global reality. Students are thoroughly prepared to be effective professionals in a more diverse world. Like the larger global economy, there is a unique mixture of talents, personalities, and cultural backgrounds at Simon.
Of the leading US business schools, Simon is one of the most diverse. Students from all over the world choose to join Simon Business School, year after year—bringing with them a variety of perspectives, personal and professional backgrounds. The School’s close-knit community and collaborative atmosphere allows each student to benefit from the diverse makeup of the student body. A Simon education combines rigorous training in the business disciplines and functions with cross-cultural training and lifelong professional contact with an international alumni network.
Simon professors are considered to be among the finest in the world and the faculty has the distinction of writing the most-cited business article of all time, The Theory of the Firm.
Though highly sought after for their subject-matter expertise and often at the forefront of innovative research, Simon faculty members remain approachable, accessible, and dedicated to their role as mentors. With small class sizes and a close-knit academic community, students benefit from individual attention that supports personal and professional growth. At Simon, students can expect to work one-on-one with thought leaders in finance, accounting, economics, management, and marketing. Simon faculty will challenge students’ assumptions; guide their intellectual pursuits; and provide astute industry advice.
Corporate Partnerships and Seminars
Simon is known for an accomplished network of industry leaders, distinguished faculty, and successful alumni. The Frederick Kalmbach Executive Seminar Series features senior corporate executives who lecture monthly on current issues in management. Each year, speakers include members or professional associates of Simon’s internationally prominent Executive Advisory Committee. Simon students organize and participate in annual marketing and consulting case competitions—working directly with worldwide corporations such as Xerox, Sprint, AT Kearney, Mercer, Wegmans, Procter & Gamble, and Constellation Brands in project courses offered as part of the academic curriculum.
In New York City, Simon Business School hosts the innovative Health Care Seminar Series and Annual Conference Series. The events have hosted high-profile speakers including: Steve Forbes, chairman and editor-in-chief of Forbes Media; Jeffrey Immelt, chairman and CEO of General Electric; Jamie Dimon, chairman and CEO of JPMorgan Chase; Jonathan W. Friedberg, director of Wilmot Cancer Center; Scott Cooper, president and CEO of St. Barnadas Hospital, and other industry leading executives.
The long list of successful Simon alumni includes:
- Mark Ain, Chairman, Kronos, Inc
- Jay Benet, Vice Chairman and CFO, The Travelers Companies, Inc
- Jack Davies, Founder, AOL International
- Maria Fregosi, Chief Capital Markets Officer, Hamilton Funding, Inc
- Mark Grier, Vice Chairman of Financial Management, Prudential Insurance
- Pramit Jhaveri, CEO of Citi India, Citibank
- Evans Lam, Senior Vice President of Investments and Senior Portfolio Manager, UBS Financial Services
- Louise McDonald, President, Herman Miller
- Sandeep Pahwa, Vice Chairman and Head of Investment Banking SE Asia and Country CEO of Indonesia and Malaysia, Barclays Capital
- Doug Petno, CEO of Commercial Banking at JPMorgan Chase & Co.
- Mike Ryan, Chief Investment Strategist, Americas at UBS
- Amy Tait, Chairperson & CEO, Broadstone Realty LLC
- Kathy Waller, Vice President and Controller, The Coca-Cola Company
The College and Environs
Simon Business School is part of the University of Rochester, a leading research university offering graduate study in approximately 50 fields, with a combined enrollment of undergraduate and graduate students totaling more than10,000. Situated near Lake Ontario, Rochester is New York State’s third-largest city. It has a rich history of philanthropy, corporate development, and technological innovation. Once known as “the city that George Eastman built,” these days Rochester is better known for exciting startup opportunities that have sprung from the industry giants that got their start here.
With cultural events like the Xerox Rochester International Jazz Festival and the world-famous Lilac Festival, it is no wonder why Rochester was named one of the top 10 most livable cities in America. Outdoor activities are a way of life in Rochester. Whether it is summer boating on Lake Ontario, biking along the scenic Genesee River, or enjoying the snow in one of the many surrounding ski centers, Rochesterians know how to make the most of their natural surroundings.
As New York State’s third-largest city, there are metropolitan offerings like coffee shops, boutique restaurants, bookstores, movie theaters, and museums. For music lovers, the city is home to a surprising number of concert venues, from grand theaters to a thriving club scene. Rochester is also home to the nationally acclaimed University of Rochester Eastman School of Music and the Rochester Philharmonic Orchestra.
Academic Journals and Research
Simon Business School has a longstanding commitment to research that dates back its inception. Simon faculty has the distinction of writing the most-cited business article of time, “The Theory of the Firm” and the School publishes three prestigious academic journals including: the Journal of Financial Economics, Journal of Monetary Economics, and Journal of Accounting and Economics.
Career Management Services
Simon’s Career Management Center offers comprehensive professional services including: résumé development, mock interviews, and individualized career counseling. The Simon approach integrates self-assessments, communication workshops, webinars, and networking events to help connect students to the right opportunities. Career specialists also maintain strong relationships with employers who understand and appreciate the value of a world-class education. Dedicated professionals cover each of the following core job functions that target graduate students:
- Brand Management
- Finance and Accounting
- Health Care
- Marketing Analytics
- Market Research
The Career Management team works diligently to develop opportunities within each sector and promote them to the right students. Simon has gained positive traction in new industries by placing students in firms like Go-Daddy, Sling Media, and Rocket-Fuel, while continuing to support core employers like Citigroup, Deloitte, Hewlett-Packard, Unilever, and ExxonMobil.