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Contact Georgina Hannah with any questions. Profile updated: February 18, 2026.

Rice University’s Jesse H. Jones Graduate School of Business

  • Rice MBA Students

MBA Program Stats

Annual Tuition: $79,116

Annual Tuition Non-Resident: $79,116

Acceptance Rate: 39%

Full-Time Enrollment: 307

Average GPA: 3.45

Median GMAT: 700

Median GRE: Q161/V157

International: 45%

Minority: 29%

Female: 37%

Male: 63%

Average Age: 29

What You Need To Know

Rice University is nestled in the heart of Houston — one of Texas’ most vibrant cities — as well as a food and entertainment hub. Some of the best-kept secrets about Rice Business have to do with its hometown. An international cuisine destination and entertainment hub, Houston is
also the country’s fourth largest city with one of the youngest, fastest-growing, and most diverse populations. This year, the B-School ranked No. 24 in the PoetsQuants rankings.

Rice is growing rapidly. The B-school recently expanded their online MBA program, launched an undergrad business major, and increased their faculty numbers by 30%.

“My favorite aspect of the program is the ability for students to customize and be the ‘CEO’ of their education. They start their first year with the custom core, then the entire second year of the full-time program is made up of electives. There were 146 to choose from this year. That
translates to 50% of the full-time MBA being tailored by the students themselves so they can focus on exactly what they want. For example, students can choose an elective to fit their entrepreneurial goals, whether they’re starting a business from scratch, thinking of buying an  established business, or planning the next stage of growth for their startup,” says George Andrews, Associate Dean of degree programs.

Academics And Programs

Rice Business is home to both graduate (Jones) and undergraduate (Virani) schools of business, offering a world-class education at Rice University.​​ Over the last five years, the school has doubled in size, expanding in faculty, student body, curriculum offerings and job placements. Rice Business’ renowned programs empower you to excel in an ever-changing business world. And the research-based curriculum, innovation and purpose equip you to become the leader you’re meant to be. 

All of Rice’s MBA programs ​​have a rigorous, STEM-certified curriculum and are nimble enough to adapt to market needs and student interests. At Rice Business, school is more than in-class academics; among a sea of electives, students find many experiential offerings interwoven with entrepreneurial thinking. Classroom case studies also allow students to creatively collaborate, enhance their knowledge and skills, and deepen their understanding of the business world. 

Students hone their strategic problem-solving with experiences like the Global Field Experience, built into the core curriculum. As part of the school’s philosophy of adopting a global perspective, students travel abroad with their cohort, take what they learn in the first year of the program, and apply it to short-term projects for organizations and communities in diverse cultural settings, designed to change their perception of the world and how to do business. Besides Harvard Business School and a few others, Rice Business is the only top B-school that requires every student to go abroad during their two years in the MBA program. 

Students can also study abroad for a semester or attend seminars at partner universities like IPADE (Mexico City), INCAE (Costa Rica) and WHU (Germany). 

Rice Business’ Career Development Office works hard each year to help students secure their required summer internship.  

“We have a ton of study-abroad opportunities,” says George Andrews (associate dean of degree programs), citing upcoming trips to Mexico City, São Paulo and Rio de Janeiro. “We’re kind of going all over the place,” he adds, saying there is a focus on staying in the Central time zone, meaning Latin America gets special attention. 

Rankings Data For Rice Business

Ranking Poets&Quants
2025-2026 27
2024-2025 26
2023-2024 18
2022-2023 29
2021-2022 24

Why Students Chose

“I did investment banking recruiting my first semester. The Finance Association at Rice Business did a fantastic job training, prepping and mentoring me to get a banking job. When I started as an intern at the bank, I went to New York for a week. We were training with all these people from different schools, going to different groups in the bank. We were doing some practice problems, and I was like, ‘Wow, we’re actually far ahead of a lot of these other schools and people.’ Rice invests a lot into its students. At other schools, you’d just be a statistic.” Chris Stillwell ’24 

“After starting my own physical therapy clinic, I quickly realized I was underprepared to run the business side of my practice. Rice Business is highly-ranked in entrepreneurial studies for a reason – every class is designed with unique insights into how information is best harnessed to draw conclusions and make successful operating and strategic decisions. And Rice Business doesn’t wait to get started either – there is a strategy class embedded in the Launch Program curriculum that frames your progress through the start of the semester and gives you direct insight into implementing a proper business strategy.” Ryan Flick (’24). 

Career Stats

Compensation of Rice Business MBA Graduates

Compensation of Rice Business MBA
Graduates
2024 2023 2022 2021 2020 2019 2018 2017
Average Base Salary $150,000 $149,178 $142,212 $131,384 $123,786 $124,798 $$113,287 $113,349
Average Signing Bonus $33,000 $ 33,670 $ 35,879 $ 33,221 $ 33,828 $ 26,529 $ 25,589 $ 27,254

Rice Business MBA Graduate Employment

Job Offers 2024 2023 2022 2021 2020 2019 2018 2017 2016
% of MBAs Accepted Offers 3 Months Post-
Graduation:
71% 90% 94% 92% 89% 92% 95% 93% 84%

Industry Choices of Rice Business MBAs

Industry 2024 2023 2022 2021 2020 2019 2018 2017 2016
Consulting 20% 26% 28% 32% 25% 30% 15% 20% 24%
Technology 15% 20% 21% 14% 20% 12% 17% 12% 15%
Financial Services 27% 19% 23% 22% 22% 21% 22% 23% 27%
Energy 18% 12% 9% 17% 13% 18% 20% 20% 15%
Pharma/Biotech/Healthcare 7% 7% 1% 3% 4% 4% 6% 7% 6%
Real Estate 1% 4% 8% 1% 2% 7% 7% 3% 5%
Consumer Products 3% 4% 3% 1% 4% 3% 7% 0% 4%
Manufacturing 1% 2% 4% 6% 3% 2% 1% 4% 0%
Media/Entertainment 0% 1% 1% 0% 0% 1% 0% 0%
Nonprofit/Gov/Education 0% 1% 1% 2% 0% 2% 0% 0%
Other 7% 5% 2% 1% 2% 3% 1% 9% 5%

Admissions For Rice Business

From Rice Business

Rice Business (the business school at Rice University in Houston, Texas) is home to the Jones Graduate School of Business and the Virani Undergraduate School of Business. We have solidified our position as one of the top business schools in the U.S. , doubling in enrollment over the past five years. Internationally recognized for our strength in entrepreneurship, we offer over 35 entrepreneurship-specific courses and labs, and host the world’s largest and richest graduate student startup competition, maintaining a seven-year streak as the #1 ranked school for graduate entrepreneurship (Princeton Review). 

To meet the needs of our expanding undergraduate and graduate programs, we are building a cutting-edge facility, set to open in 2026 . During our 50th anniversary year, we celebrated significant achievements, including record-breaking enrollments, the launch of innovative interdisciplinary initiatives and the strengthening of our global alumni network. As we look to the future, we remain committed to shaping the next generation of business leaders .

Our graduate degree programs include the Full-Time MBA, Professional MBA, Hybrid MBA, Executive MBA and Online MBA, as well as an MD/MBA with Baylor College of Medicine. The Ph.D. in business attracts candidates aspiring to become faculty in prestigious research universities internationally. Our one-year MAcc program is designed for students with varied undergraduate academic backgrounds and is committed to producing accounting professionals with critical thinking skills and integrity.

Rice Business Executive Education offers seasoned professionals an array of non-degree continued learning options, including open enrollment executive courses, customized leadership development programs, specialized online programs and year round events that help professionals, executives and organizations pursue sustained growth and success.

We also offer a credit-bearing Graduate Certificate in Healthcare Management. Certificate recipients can apply a majority of the credits to any on-campus Rice MBA program.

In addition to our graduate degrees, we offer several undergraduate programs. Our undergraduate business major provides students with a robust foundation in leadership and business fundamentals, offers concentrations in finance, management and marketing, and is taught by the same top-notch faculty who teach our MBA programs. The undergraduate business minor, the largest minor at Rice University, is open to any degree-seeking Rice undergraduate student and the entrepreneurship minor, a joint offering with the George R. Brown School of Engineering and Computing, offers undergraduates experiential and innovative learning opportunities. 

READ MORE FROM RICE BUSINESS:

Essay Questions For Rice Business

MBA Admissions Essay Questions:

Full-Time MBA, Professional MBA, and Hybrid MBA

Required Short Answer Responses: (100-word limit, each)
Rice Business seeks to have a clear understanding of your career goals upon the completion of your MBA experience.

Response #1: “In 100 words or less, please share your short-term career goals.”
Response #2: “In 100 words or less, please share your long-term career goals.”

Required Creative Essay:
While we know a picture is worth 1000 words, in 500 words or less tell us the story of a photo of your choosing that has significant value in your life experiences. Please feel free to share your photo!

You can complete this essay via a traditional written response (500-word limit) or via a video response (one- to three-minute time limit).

Executive MBA

Required Essay: (750-word limit)
“As you evaluate where you are today, how have your educational, professional and personal endeavors brought you to this point? In addition, please explain how the Rice EMBA is part of your plan for the future.”

Optional Essay: (500-word limit)
If you have any additional information for the admissions committee, or if you wish to clarify any aspect of your application (including breaks in employment, your choice of recommendation providers, your past academic performance, etc.), you may submit an additional, optional essay.

Student Features For Rice Business

Meet The Rice Jones MBA Class Of 2024

A look at star first-years at Rice MBA

Meet The Rice Jones MBA Class Of 2023

Our annual look at the Rice MBA's first-year class

Meet The Rice Jones MBA Class Of 2022

Action-oriented MBAs highlight the incoming class

2023 MBA To Watch: Siddhant Pawar, Rice University (Jones)

“An easy-going individual striving to be better and be a positive influence on the world”

2023 MBA To Watch: Mónica Hicks, Rice University (Jones)

“First-generation Latina with a passion for equity, and a love for food, travel, and people”

2023 Best & Brightest MBA: Daniel Petterway, Rice University (Jones)

“I’m just a regular person who believes in working hard and treating people right”

2023 Best & Brightest Online MBA: Valarie Tran, Rice University (Jones)

“Driven, competitive, energetic leader and entrepreneur eager to provide financially and emotionally for myself and my family all while enjoying life”

2023 Best & Brightest Online MBA: Trent Alan Kostenuk, Rice University (Jones)

“Passionate lifelong learner, visionary entrepreneur committed to achieving success and creating positive change through innovation”

2023 Best & Brightest MBA: Taylor Anne Adams, Rice University (Jones)

“Elle Woods meets Leslie Knope with a touch of Beyonce”

2022 Best & Brightest MBA: Takeya Green, Rice University (Jones)

“Bold. Determined. Vibrant. And a whole lot of sass”

2022 MBA To Watch: Quy Le, Rice University (Jones)

“1st Gen High-School Graduate. Vietnamese American. “Best Sense of Humor” Award – Rice MBA 2022”

2022 MBA To Watch: Olaniyi Dada, Rice University (Jones)

“I am an immigrant from Nigeria who is ambitious and thrives on giving back to his community”

2022 MBA To Watch: Alex Williams, Rice University (Jones)

“Passionate, caring, determined, goofball”

MBA Watch For Rice Business

MBA Watch is where thousands of MBA applicants not only get to tell their story but have John A. Byrne, MBA admissions coaches and our audience, assess their odds of admission and get help to improve their chances of getting in!

Mr. Simple Manufacturer

I am a process engineer for a small medical device manufacturing firm in the Midwest.

Mr. Alien

SouthAmerican Immigrant who works in energy and also hacks for fun who wins hackathons using blockchain, judges new tech and publishes white papers.

Mr. Undecided Direction

Hey Family! Still figuring out which direction I want to go in.

Mr. Army Pilot

I am an Army Aviation Captain looking to transition into consulting post-MBA.

Mr. Back To School

Hey there! Two things set me apart from everyone sitting at the b-school days at Campus X, I'm 49 and lived in Asia (Seoul, Bangkok) for 19 years.

Mr. Operations Manager

Former aspiring medical school applicant who transitioned to considering business school as a possibility after working for the family business.

Mr. Half Poet, Half Quant

I am a civil engineer working in the construction sector in Pakistan for the past 4.

Mr. Engineering To IB

Currently a project manager for a firm focused on engineering consultancy and construction services to the oil and gas industry.

Mr. Late Bloomer

Hello! Though I'm an EA, I pretty much run a manufacturing unit of 18 members and I am an engineer now being exposed to different areas of business.

Mr. Murphy’s Law

Operations and management professional in real estate and education with a desire to build brands and expand minds.

News Coverage For Rice Business

On The Rice Track: Net-Worth Networking

A Rice Jones MBA shares best practices for making connections and building relationships in business school

Harvard & Wharton Slump In New 2023 Businessweek MBA Ranking

Stanford's MBA program claims first for the fifth consecutive year

MBA Scholarships At The Leading Business Schools

At most top business schools, dozens — and sometimes hundreds — of need- and merit-based awards are available

GMAT Versus GRE: Which Top-50 MBA Programs Prefer Which Test?

Where a GMAT or GRE score is a must for admission — and where you don't have to worry about sitting for an entrance exam

Built in 2002, McNair Hall was designed by Robert A. M. Stern, the award-winning architect and dean of the Yale School of Architecture to match the collegiate and homey feel of the Rice University campus. Photo Cred: Jones Graduate School of Business

Rice Jones Is Latest Top U.S. B-School To Add A 4th MBA Application Round

Houston B-school is 4th in the U.S. to add a fourth MBA application round in 2022-2023

Built in 2002, McNair Hall was designed by Robert A. M. Stern, the award-winning architect and dean of the Yale School of Architecture to match the collegiate and homey feel of the Rice University campus. Photo Cred: Jones Graduate School of Business

Why Rice Is Launching A New Hybrid MBA

Rice's new online hybrid MBA is the result of research into the needs of prospective students

2021 Most Disruptive MBA Startups: Green Room, Rice University (Jones)

Simplifying payments and tax compliance for musicians and artists

Rice Jones classroom

Massive Jump In Apps, Enrollment For The Rice Jones MBA

But Houston school's GMAT average tumbles 21 points