University of Michigan Dearborn Online MBA Cost (and more)

University of Michigan Dearborn Online MBA Cost, Requirements, Ranking and More

Quick Links for Reference

• Introduction
• Courses Offered
• Duration
• Cost Structure
• Admission Requirements
• Class Profile
• GMAT Requirement and Scores
• How to Apply?
• Application Timeline
• Acceptance Rate
• Accreditation Status
• Reviews and Ranking
• FAQs
• Contact Information
• Related Posts
• Online MBA – Free Guidance Available

Introduction

Enrolling in the online MBA program at the University of Michigan Dearborn Online MBA means that the student will be a part of one of the largest families of alumni networks in any university, with more than half a million alumni currently active in the field of business.

The MBA program which can be taken in a classical on-campus, online format, or a mixture of the two allows students to get a world-class education in business administration that will prepare future global business leaders for the challenges that might arise.

With rolling admissions, the online program is more suited towards working professionals who need to balance academic endeavors with personal careers.

With their simple online application process, prospective students can apply and submit their required documents.

Once enrolled they can take advantage of the quality courses that the program has to offer so that they might get the skills and knowledge necessary to navigate today’s business world.

List of Courses Offered

The MBA may be completed in 36-48 credit hours. Courses that are offered include:

• Developing and Interpreting Financial Information
• Economic Analysis: Firm and Consumer
• Corporate Social Responsibility
• Applied Statistical Modeling
• Financial Fundamentals and Value Creation
• Computer and Information Systems
• Marketing Management
• Organization Behavior
• Operations Management

Duration

The online MBA program requires 48 credits to graduate. The target time for graduation is 2.5 years.

Cost Structure

The cost for part-time students is $683 per credit hour in-state and $1176 out of state. Additional fees may be required. Financial aid is available in the form of loans, grants, and scholarships.

Eligibility Requirement

• Academic background: Bachelor’s degree from an approved institution
• Work Experience: No previous work experience is required
• Language: Official TOEFL scores are required. A minimum required a score of 560 on the paper-based test, 84 on the internet-based test (TOEFL)

Class Profile and Potential Salary

• The average undergraduate GPA is 3.4
• 6.3 years or above of average working experience
• The average age of newly enrolled students is 29 years
• 25% of enrolled students are minority or international students
• The gender distribution is at 61.5% male and 58.5% female

GMAT Requirements and Scores

• GMAT or GRE scores are required
• Applicants with three years of professional work experience, a degree in business or engineering, or other credentials may be eligible to waive the GMAT and GRE.
• The average GMAT Score is 578
• The average GRE score breakdown is as follows: 155 verbal, 155 quantitative

Application Procedures

To be considered for admission, you must have successfully completed the following:

• Submit an online application
• Complete the statement of purpose
• Submit a current CV or Resume
• Submit a letter of recommendation
• Official transcripts from previously attended institutions of higher education
• TOEFL test scores are required for international students
• International students need an evaluation of their transcripts
• The equivalent of a four-year US bachelor’s degree from a regionally accredited institution.
• A grade of “C” or better in an undergraduate course in college algebra, finite math, pre-calculus, or calculus.
• GMAT or GRE test within the previous 5 years.

Application Timeline

The Fall term 2018 applications close on August 20th. For the MBA program that has a rolling basis applications deadlines are as follows:

• August 1 for Fall Term
• December 1 for Winter Term
• April 1 for Summer Term

International Applicants

• May 1 for Fall Term
• September 1 for Winter Term
• January 1 for Summer Term

Acceptance Rate

The program acceptance rate is 44% with a total enrollment of 236 students of which 103 pursue the online MBA program. Of the admitted students 84% enroll in the program.

Accreditation

University of Michigan Dearborn’s College of Business is one of only 5% of business schools worldwide accredited by the Association to Advance Collegiate Schools of Business (AACSB).  This accreditation speaks to the quality of faculty, the relevancy of courses, and commitment to continuous improvement.

Reviews and Ranking

• U.S. News & World Report consistently ranks the programs among the best in the nation:
• #2 in Michigan — online MBA programs, 2018
• #3 in Michigan — online graduate business programs (non-MBA), 2018
• #3 in Michigan — part-time MBA programs, 2018
• #3 in Michigan — undergraduate business programs, 2018
• #20 “Best Value Schools” (UM-Dearborn overall) — midwestern regional universities, 2018
• #7 in the US from Poets&Quants
• The Princeton Review has named the College of Business a “Best Business School” for the ninth consecutive year.
• The Financial Engineer ranked the MS-Business Analytics program #28 in the U.S.
• Accredited by the prestigious AACSB

Frequently Asked Questions

Q 1: What is financial aid?

Ans: Financial aid is any source of funds available to assist students to pay for the cost of a college education. Sources of aid usually take the form of a loan, grant, or scholarship. It can also be a resource like an employer’s tuition benefits. Any student who may need assistance in meeting college costs should make an application for financial aid.

One of the guiding principles of financial aid administration is that all student aid applications be treated in a fair and equitable manner. Most financial aid assistance is based on demonstrated financial need; however, some scholarships and some types of loans do not require financial need. Most scholarships are based on special abilities and merit.

Q 2: Is there any expected family contribution?

Ans: When a student submits a FAFSA (Free Application for Federal Student Aid) at www.fafsa.gov, the personal and financial information is analyzed for family financial strength using the EFC Formula.

The family’s ability to contribute to educational costs is based on the income and assets of the parents and student. The product of this process is called the Expected Family Contribution (EFC). The closer to zero, the greater the need for financial aid.

The parent contribution considers income (taxed and untaxed), assets (excluding the family home and certain retirement accounts) with offsets for living expenses, family size, taxes paid, number of dependents in college and special asset protection allowance based on the older parent’s age.

The student contribution considers student income and assets with offsets for certain taxes, a small income allowance, and a percentage of savings/assets.

Q 3: Do I need to file every year for financial aid?

Ans: Yes. Students (and their families) are required to complete a Free Application for Federal Student Aid (FAFSA) each year to be considered for financial aid. Even if the circumstances have not changed, the new application will confirm your situation.

If you have any questions, please ask us here – we answer every single query of students.

Contact Information

• 4901 Evergreen Rd
• Dearborn, MI 48128, US
• Contact us

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Image Credit: Mathew Schwartz