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Poets&Quants Top Business Schools

University of Oklahoma’s Michael F. Price College of Business

#70

Contact Information

Location:
1003 Asp Avenue,
Norman, OK 73019
Admissions Office:
N/A

Annual Tuition: 15,824

Acceptance Rate: 55%

Average GPA: 3.28

International: 31%

Minority: 16%

Mean Age: 26

Full-Time Enrollment: 45

Female: 27%

Male: 73%

Average GMAT: 628

GPA Range (mid-80%): 3.74

GMAT Range (mid-80%): 660

Named after a famous Wall Street investor and money manager, Michael Price, the university’s business school offers a full-time MBA Program designed in a modular format. The half semester, eight-week (module) format allows students to begin elective course work prior to beginning a summer internship. Price offers five specializations in energy, finance, entrepreneurship, management information systems, and risk management. The program can be completed in 16 months.

The program finds it’s home in the city of Norman, just south of Oklahoma City. In 2008, Money Magazine ranked Norman as the sixth best place to live in the United States – a ranking higher than any other city in the state. Norman is a college town and plays hosts to the 30,000 undergraduate students attending the main campus of the University of Oklahoma. As a result of the college-town atmosphere, it is far more of a center for culture, technology and scientific research than one might expect out of a smaller Oklahoman city.

The Oklahoma MBA program lives inside the Michael F. Price Hall on OU’s main campus. The complex offers an array of support offices, including the Graduate Programs Office, Student Support Center, graduate student lounger, graduate computer lab and many other facilities that are available for student use.

The OU-MBA is structured specifically to provide the friendliest environment to students as possible. The intentionally small program aims to ensure that faculty and students have as much interaction as possible, and certainly more interaction than students may be able to attain at a larger program. The smaller class size compounded with the support center’s listed above aim to create an environment where students are kept from falling through the cracks.

If you’re looking to work in the energy industry after earning an MBA, then the Oklahoma MBA is the program for you. The definitive strength to the Oklahoma MBA program is its energy specialization. The culture of energy at OU is pervasive, with a large number of its graduates going to work in the oil and gas industry. Eddie Edwards, the executive director of the MBA program, says the energy lives at OU.

“Our students recognize that the energy community is a very tight knit group and that everyone each other very well,” said Edwards. “They also recognize that having an MBA from OU with the energy specialization gets you noticed in the energy community.”

One of the most notable hallmarks of the energy specialization at OU is its collaboration program with the Institute of French Petroleum in Paris. Each year, the school sends three of their students pursuing the energy specialization to attend the institute in Paris, where they immerse themselves in coursework focused in the energy industry.

“We are one of only two schools in the United States that has an active relationship with the Institute of French Petroleum in Paris, which is an outstanding international energy school,” said Edwards “The program is one where a student can come out with an MBA as well as a Master’s in Energy Economics.”

Keep in mind, however, that the energy culture at OU is entirely focused on the oil and gas sector of the energy industry. So, if you’re looking for a career in clean tech and renewables, Oklahoma isn’t the place for you. That being said, the program is second to none in job placement in the oil and gas industry.

Source: P&Q analysis

Parsing the Rankings:

University of Oklahoma’s Price College of Business has been on slow and steady road of improvement for several years now. Since 2011, the program has climbed 21 spots in the Top 100 MBA program ranking conducted by Poets&Quants. What’s more, the program has earned respectable spots in the U.S News & World Report ranking and the BusinessWeek Top 100 as well. This comes as good news to a smaller program that, in years past, was not even ranked in these rankings.

In addition to its slowly improving general rankings, the program boasts a host of other rankings for specific aspects of it’s program. The Princeton Review ranked the Center for Entrepreneurship for the Graduate Program No. 18 in 2013, and CollegeAtlas.org in general ranked the MBA No. 7 in 2014.

The school has also ranked in the top 10 for affordability, academic quality, accessibility, GMAT averages, and job placement results.

Application Deadlines (Fall Entrance)

Round Domestic Deadline International Deadline
One November 15th November 15th
Two January 15th January 15th
Three  March 15th March 15th (Final)
Four May 15th (Final)

Source: Oklahoma University – Price School of Business

The Latest Facts and Figures

Tuition & Fees (full-time): $15,102 per year (in-state) and $21,920 per year (out-of-state)

Class of 2014 Employment Information

Average Base Salary: $69,300
Average Signing Bonus: $70,346
Percentage of MBAs with Job Offers at Graduation: 70.8%
Percentage of MBAs With Job Offers Three Months Later: 87.5%

The Network

Despite the smaller size of Oklahoma’s Price College of Business, the school boasts a fairly well established alumni community that show’s its strength most clearly in the energy industry.

“We have alumni all over the world in every industry and especially in energy,” Said Eddie Edwards, executive director of the OU MBA program “They work for major companies as well as the smaller more independent companies.”