33. Simon Graduate School of Business at the University of Rochester
Simon Graduate School of Business at the University of Rochester305 Schlegel Hall
Rochester, New York, 14627
Two-Year MBA Admission Deadlines:
Round One: October 15, 2014
Round Two: November 15, 2014
Round Three: January 5, 2015
Final Deadline: May 15, 2015
The big news at the Simon Graduate School of Business is its bold entry into the still growing one-year MBA market. The school plans to enroll its first class into the new 12-month program in June of 2013.
“Our play is to try to find career builders who have four to five years of experience,” says Mark Zupan, dean of the Simon School. “It’s for people who are in finance and want to stay in finance or who are in marketing and want to stay in marketing. If you want to switch careers, we’ll steer you to the two-year MBA program.”
The one-year MBA will include Simon’s rigorous schedule of nine core courses (same as its flagship two-year MBA program) as well as five electives (just four fewer than two-year MBAs get) from an array of specialized courses. “About 60% of our flagship MBA program folks get at least two majors,” he says. “The likelihood you will get two majors in this program is virtually null.” The one-year MBA will feature two unique courses: a workshop, which pairs students with a faculty member to solve an unstructured managerial situation, and a business project in which students to apply what they’ve learned to a business challenge.
The 12-month option is being added at a school that has long been a major player since it was founded in the 1960s. The more traditional two-year MBA program is known for its small class sizes, economics-based academic frameworks, international diversity and accessible faculty.
Entrants in September complete the MBA course requirements in six 10-week academic quarters with an internship in the summer between the first and second years of study. The core curriculum is completed over the first three quarters of the program.
The school’s Frame, Analyze, and Communicate (F.A.Ct.) curriculum equips students with the skills to frame a business problem, analyze it, and communicate solutions. The school introduced two required core courses (Framing & Analyzing Business Problems 1 and 2) to teach students how to approach solving unstructured problems in a logical and empirical way. The Communicating Business Decisions course trains students in the principles and standards for written and oral communication needed for business.
Latest Up-to-Date MBA Rankings:
Poets&Quants (2014): 33
BusinessWeek (2014): 38
U.S. News & World Report (2015): 37
Financial Times(2014): 29 (U.S.)
The Economist(2014): 34 (U.S.)
Tuition & Fees: $105,392
Average GMAT: 690
GMAT Range (mid-80%): 610-730
Average GPA: 3.47
GPA Range (mid-80%): 2.85-3.92
Acceptance Rate: 32%
Full-Time Enrollment: 242
Minority – 22.5%
Mean Age: 27
Median Base Salary (2014): $91,543
Median Signing Bonus (2014): $15,291
Percentage of MBAs with Job Offers at Graduation (2014): 82%
Percentage of MBAs with Job Offers Three Months Later (2014): 95%
Where The Class of 2013 Went To Work:
Consumer Products: 11.8%
Financial Services: 24.6%
Pharmaceutical/Biotechnology/Health Care: 8.2%
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
A Message From Mark Zupan, Dean of the Simon School
“Simon is a place where the thirst for knowledge and the desire to become ever better result in maximizing your long run impact. The Simon School is committed to educating business leaders who are analytical and original thinkers, as well as effective team players. Simon gives you the tools you need to solve business problems creatively and to make tough decisions in real-world situations.”
–Mark Zupan, Dean
- No. 1 for ROI among private US Business Schools (Bloomberg Businessweek Dec 2010)
- No. 3 in the World in Finance (Financial Times, Jan 2012)
- No. 4 in the World in Managerial Economics (Financial Times, Jan 2012)
- No. 7 in the World in Acounting (Financial Times, Jan 2012)
- No. 8 for most Innovative Curriculum (Bloomberg Businessweek Dec 2010)
- No. 22 US Business School (Financial Times, Jan 2012)
- Simon School faculty earn an A+ in teaching quality (Bloomberg Businessweek Dec 2010)
Programs and Curricular Focus
A Simon 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 the theories in practical business situations. The common language of economics allows you to share ideas and solve problems based on mutually understood methods.
Our highly integrated approach to management education sets it apart from other graduate business programs. With Simon’s strong cross-functional curriculum grounded in economics, you will understand the intricacies of the contemporary 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.
Students select their eleven electives to develop expertise in one or more concentrations. The 15 concentrations offered are corporate accounting, public accounting, accounting and information systems, business environment and public policy, business systems consulting, competitive and organizational strategy, computers and information systems, electronic commerce, entrepreneurship, finance, health sciences management, international management, marketing, operations management-manufacturing, and operations management-services. In competitive and organizational strategy and marketing concentrations, students may also choose to select the pricing track while marketing also offers a brand management track.
The flagship Two-Year MBA program requires 67 hours (20 courses) 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 theory, and management and information systems. In addition, a two-course sequence teaches students to frame, analyze, and communicate (FACt) solutions to unstructured business problems. A course in business communications is required of all full-time students.
The One-Year MBA program
Simon is developing a new accelerated MBA program for career builders, particularly designed for candidates who have four or more years of career-relevant work experience. The one-year structure includes the Simon integrated core, a series of courses that provide a solid foundation and framework for management education. Although one-year candidates take four fewer electives, you may still choose from an extensive array of elective options. This adjusted curriculum, along with a June start date, allows you to finish the program in 12 months.
Simon also offers full- and part-time MS programs in specialized areas of study including accountancy, business analytics, finance, general management, information systems management, manufacturing management, marketing, medical management, pricing, and service management. Simon’s growing MS programs generally require only one year of full-time study, allowing students to finish their degree and return to the workplace at a faster pace. Simon recently introduced an MS in Finance program in New York City aimed at working professionals in the world’s financial capital, capitalizing on Simon’s high global rankings in finance (No. 3 in the world for finance and No. 4 in the world for economics according to the Financial Times of London, January 2012).
Simon’s other options for busy working professionals include an Accelerated Professional MBA (PMBA), Part-Time Flexible MBA, and Executive MBA programs in Rochester and Bern, Switzerland.
A joint degree program Simon offers is 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.
Students and the MBA Experience
The Simon School experience is highly personalized due to a more intimate class size. This allows you to create more meaningful relationships with faculty, staff, and each other, thereby enhancing professional and personal development and promoting the capacity for leadership.
Each August, approximately 100 students enter the Simon community as members of a cohort. Another 40 students join their classmates in January. Each cohort takes core classes together.
August entrants complete the first-year core courses during the fall, winter, and spring quarters; January entrants typically complete core courses during the winter, spring, and summer quarters. Within each cohort, students are assigned to a study team of four or five members, and each team typically includes representatives from at least three countries and a variety of personal, professional, and academic backgrounds.
Simon students enter the program with a wide range of educational, professional, and geographic backgrounds. Undergraduate majors include economics, humanities, social sciences, business and commerce, engineering, and math and science. The class of 2014 includes 23 percent women and 19 percent of US students are members of under-represented minority groups. Prior full-time work experience averages 4.8 years, and the average age is 28, with approximately one quarter enrolling with fewer than three years of post baccalaureate work experience.
The Simon experience reflects a global reality. We prepare our students to be effective professionals in a more racially, culturally, and economically diverse world. Like the larger global economy, there is a unique mixture of talents, personalities, and cultural backgrounds at Simon.
Of the leading U.S. business schools, the Simon School is one of the most geographically diverse. Approximately 50 percent of its students come from outside the United States. In the class of 2013, 18 countries are represented. Approximately one third of its alumni live and work outside of the US and about one third of its tenure-track faculty members have non-US backgrounds. A Simon School education combines rigorous training in the business disciplines and functions with cross-cultural training and lifelong professional contact with an international alumni network.
During regularly scheduled Broaden Your Horizons seminars, students present lunch hour talks about their various countries’ cultures, economies, political environments, and business protocols. International exchange programs are offered with schools in nine countries, each approved by a faculty committee for compatibility with Simon MBA program objectives. Interested students may pursue study abroad during one quarter of their second year of study.
During the one-week Orientation Program, students participate in self-assessment exercises, personal selling and communication skills instruction, corporate leadership training, and one-on-one career counseling. The goals of the orientation include acclimating students to campus life, assessing and building on specific skills, and introducing the valuable programs of the Career Management Center. Students also participate in several modules designed to enhance leadership skills in the areas of team building, training in diversity issues, ethical decision making, and social responsibility.
Whether it’s through academic research, visits during office hours, or interacting at various social activities, Simon School professors are highly approachable and accessible, providing leadership and personal guidance to help shape the graduate school experience. When you first meet and work with the faculty, you quickly discover that great minds do not think alike. At Simon, you will find the faculty is one of the biggest advantages in earning your degree and helps differentiate our graduates in the business world. Comprised of an elite group of 72 of the world’s most recognized thought leaders, Simon faculty members are the intellectual core of the school, providing top-tier instruction in finance, accounting, economics, management, and marketing. They are independent thinkers who each bring unmatched knowledge, experience, and perspective to approaching and solving real-world business problems, and serve as editors on three major academic journals, and recent studies of research productivity rank them among the top five faculties in the United States.
The Business School Network: Corporate Partnerships
Simon is known for its 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 case competitions and consulting case competitions. Students work directly with worldwide corporations, such as Xerox Corp., Sprint, AT Kearney, Mercer, Wegmans Food Markets Inc., Procter & Gamble, and Constellation Brands, in project courses offered as part of the academic curriculum.
The long list of successful Simon alumni includes:
Mark Ain, Chairman of Kronos, Inc.
Jay Benet, Vice Chairman and CFO of The Travelers Companies, Inc.
Karen Smith Bogart, director, Mohawk Industries, ZBE Inc., Monolithic Power Systems
Tim Cost, Executive Vice President of PepsiCo, Inc.
Jack Davies, Founder of AOL International
Maria Fregosi, COO, BKF Financial
Mark Grier, Vice Chairman of Financial Management at Prudential Insurance
Pramit Jhaveri, Head of Global Banking India and Vice Chairman Asia Investment Banking at Citigroup
Louise McDonald, President, Herman Miller
Sandeep Pahwa, Vice Chairman and Head of Investment Banking/M&A at 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 of The Coca-Cola Company
The College and Environs
The Simon 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 10,000. Situated near Lake Ontario, Rochester is an active and vibrant city with 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. The metropolitan Rochester area (population 1 million) is home to many major international corporations and entrepreneurial ventures, including Johnson & Johnson, Bausch + Lomb, and Xerox Corporation’s marketing group. Numerous cultural and recreational opportunities include the Rochester Philharmonic Orchestra and the University’s own Eastman School of Music.
Schlegel Hall is the Simon School’s classroom and student services building. It contains case-style classrooms equipped with state-of-the-art technology, study rooms, a student lounge, and dedicated space for Simon’s Bloomberg terminal to monitor and analyze real-time financial market data movements. The school provides a wireless network for student’s laptops, laser printing via local area networks, and access to several external data sources, such as Bloomberg and Business News. James S. Gleason Hall, a 38,000-square-foot addition, was completed in October 2001. On-campus graduate housing, both high-rise apartments and town houses, is available to Simon students. Off-campus housing is also available.
Career Management Center
The Career Management Center (CMC) offers career counseling, targeted education, and the development of a personalized job-search strategy. Simon students are poised to secure meaningful internships and full-time opportunities in finance, consulting, marketing, technology, and operations, among other fields
Simon’s CMC is dedicated to serving graduate business students and alumni needs for job and career preparation. The Center provides professional development services via counseling, career workshops and training, guest speakers and lecture series, and related student events. The CMC establishes and maintains relationships with employers across multiple industries, with highest concentration in finance – both corporate and investment. Employers participate in both on campus and off campus recruiting events, and relationships are cultivated to generate both full-time jobs and internship opportunities.
The CMC is structured with professional staff covering the following industries and job functions respectively that targets graduate students: Industries (Financial Services, Brand Management, Media/Technology, Consulting and Operations, Energy, and Health Care). Functional areas (Finance/Accounting, Marketing, Consulting and Operations, Service/Manufacturing Management, General Management). The goal is to develop a personalized approach for students, and market talent directly to employers within the target industry segment. CMC’s professional staff serve as subject matter experts within their respective industries/sectors to continuously add value to students’ career goals.