MBA Program Stats Annual Tuition: 79,116 USD Annual Tuition Non-Resident: 79,116 USD 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 (Rice Business) is nestled in the heart of Houston – one of Texas’ most vibrant cities. 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. It;s also incredibly affordable relative to other major cities in the country, and home to many fortune 500 companies. This year, the B-School ranked No. 27 in our Poets&Quants rankings. Rice is growing rapidly. This summer, the business school opened the Asha and Farid Virani Hall, a second building next to their established McNair Hall to make way for the ever-growing student population. In the past decade, Rice Business launched the Virani Undergraduate School of Business, doubled MBA enrollment, expanded graduate programs, and welcomed many more faculty, staff, students and alumni. “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 the Jones Graduate School of Business and the Virani Undergraduate School of Business. Rice Business’ renowned programs empower students to excel in an ever-changing business world. And the research-based curriculum, innovation and help students become the leaders that the world needs. Supported by world-class faculty and a rigorous curriculum, students learn the skills to lead confidently in a rapidly evolving business world shaped by AI and other emerging technologies. AI is taught throughout the courses all in preparation for using AI in the workplace, guided by faculty whose research tracks how these tools are changing the way businesses make decisions. 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. Rice Business also incorporates a global field experience into the curriculum of all of its MBA programs. 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 “The community at Rice is unparalleled. It’s teeming with talent, energy and inspiration. The people you meet here will shape your experience and impact your life in unimaginable ways.” Jasper Knighten ’24 Career Stats Reporting Year: 2025 CompensationAverage Base Salary: 146,381 USDMedian Base Salary: 141,500 USDAverage Signing Bonus: 31,659 USDMedian Signing Bonus: 30,000 USDTiming of AcceptanceFirst Offer Accepted by Graduation: 54.9%Accepted Job by 3 Months After Graduation: 71.3%First Offer Received by graduation: 55.7%First Offer Received by 3 Months After Graduation: 72.1% Employment by Industry Industry % Employed Consulting 24.1% Consumer Products 4.6% Energy 24.1% Financial Services 14.9% Healthcare 3.4% Manufacturing 3.4% Real Estate 2.3% Technology 16.1% Non-Profit/Education 3.4% Other 3.4% Top Hiring CompaniesMcKinsey & Company Dell Technologies Infosys Bain & Company Boston Consulting Group Amazon Admissions For Rice Business From Rice Business Rice Business is home to the Jones Graduate School of Business and the Virani Undergraduate School of Business at Rice University in Houston, Texas. We have solidified our position as one of the top business schools in the U.S., doubling MBA enrollment over the past five years. Rice Business combines a tight-knit culture with a rigorous, relevant curriculum that prepares students to lead whatever comes next. With strong pipelines into consulting, banking, energy, and entrepreneurship, our students gain access to leading employers and industries through deep corporate connections and hands-on learning. Rice Business offers over 35 entrepreneurship-specific courses and labs, and hosts the world’s largest and richest graduate student startup competition, maintaining a seven-year streak as the No. 1 ranked school for graduate entrepreneurship (Princeton Review). To meet the needs of our expanding undergraduate and graduate programs, Rice Business opened Asha and Farid Virani Hall in the summer of 2026. The 112,000-square-foot building features flexible, technology-enabled classrooms, breakout rooms for team-based learning, faculty offices, doctoral research space and event spaces that bring together students, alumni and business leaders. New dining and gathering spaces — including a café, an enclosed atrium and open common areas — will welcome not only the Rice Business community but students from across the university, making Virani Hall a destination for collaboration and connection among students and faculty, and across cohorts. Virani Hall’s opening also comes as Rice Business continues to earn national recognition for the strength of its academic programs and student experience. Rice Business earned five top-10 rankings in The Princeton Review’s 2027 business school rankings: Best Campus Environment (No. 9), Best MBA for Consulting (No. 8), Best MBA for Finance (No. 7) and Greatest Resources for Minority Students (No. 6). The school also landed the No. 6 national ranking for MBA@Rice, placing it among the nation’s best online MBA programs. Graduate Programs Our graduate degree programs include the Full-Time MBA, Professional MBA (Evening, Weekend, Hybrid), Executive MBA, 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 Master of Accounting (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. Undergraduate Programs 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 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. 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 BusinessMeet The Rice Jones MBA Class Of 2024A look at star first-years at Rice MBAMeet The Rice Jones MBA Class Of 2023Our annual look at the Rice MBA's first-year classMeet The Rice Jones MBA Class Of 2022Action-oriented MBAs highlight the incoming class2023 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 BusinessMBA 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 ManufacturerI am a process engineer for a small medical device manufacturing firm in the Midwest.Mr. AlienSouthAmerican Immigrant who works in energy and also hacks for fun who wins hackathons using blockchain, judges new tech and publishes white papers.Mr. Undecided DirectionHey Family! Still figuring out which direction I want to go in.Mr. Army PilotI am an Army Aviation Captain looking to transition into consulting post-MBA.Mr. Back To SchoolHey 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 ManagerFormer aspiring medical school applicant who transitioned to considering business school as a possibility after working for the family business.Mr. Half Poet, Half QuantI am a civil engineer working in the construction sector in Pakistan for the past 4.Mr. Engineering To IBCurrently a project manager for a firm focused on engineering consultancy and construction services to the oil and gas industry.Mr. Late BloomerHello! 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 LawOperations and management professional in real estate and education with a desire to build brands and expand minds. News Coverage For Rice BusinessMBA Voices: How To Narrow Your Path When You Have No Idea Where You’re Going2nd-year MBA student Sydney Harrison on questions to ask and actions to take when you're not sure what you want to do in business schoolMBA Voices: From Hard Hats To Case Studies: My Pivot From The Field To B-SchoolA Rice MBA on what she learned along the way while moving from construction to the classroomThis B-School Student’s AI Startup Is Making Healthcare Processes More EfficientRice student Adhira Tippur grew up watching her mother's dental clinic staff drown in phone calls & paperwork. So she built an AI intake platform to fix itRice Business Dean Peter Rodriguez Picked To Be The Next President Of Wake ForestRodriguez, named P&Q's Dean of the Year in 2025, will become Wake Forest's 15th president on July 12026 Best 40-Under-40 Business Professors: Diana Jue-Rajasingh, Jones Graduate School of Business, Rice UniversityOver the last decade, Poets&Quants has honored more than 540 up-and-coming star MBA and graduate business professors from around the world. On The Rice Track: Net-Worth NetworkingA Rice Jones MBA shares best practices for making connections and building relationships in business schoolRice Jones Is Latest Top U.S. B-School To Add A 4th MBA Application RoundHouston B-school is 4th in the U.S. to add a fourth MBA application round in 2022-2023Why Rice Is Launching A New Hybrid MBARice's new online hybrid MBA is the result of research into the needs of prospective students2022 Most Disruptive MBA Startups: Berman Foods, Rice University (Jones)"Artisanal plant-based cheeses and spreads"2021 Most Disruptive MBA Startups: Green Room, Rice University (Jones)Simplifying payments and tax compliance for musicians and artistsThe Rice Report: Breaking The “Non-Traditional” LabelBeing different has its advantagesMassive Jump In Apps, Enrollment For The Rice Jones MBABut Houston school's GMAT average tumbles 21 points