University of Minnesota–Twin Cities (Carlson)
Traditional MBA Overview
- ACCEPTANCE RATE
- 38%
- AVERAGE GMAT
- 682
- ENROLLED
- 154
- GMAT REQUIREMENT
- Yes
- MEDIAN BASE SALARY OF NEW GRADS
- $119,000
University of Minnesota–Twin Cities (Carlson) MBA applicants must submit either a GMAT or GRE score to be considered for admission, although there are waivers for those who meet very specific GPA and work experience requirements. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 682, with a 38% acceptance rate. TOEFL scores are required for international applicants. Graduates from Carlson’s MBA program earn a median base salary of $119,000.
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Executive MBA Overview
- ACCEPTANCE RATE, 2023-24
- 89%
- AVG. # OF YEARS OF MGMT. EXPERIENCE, 2023-24 ENTRANTS
- 11.0
- AVG. # OF YEARS OF WORK EXPERIENCE, 2023-24 ENTRANTS
- 16.0
- GRADUATION RATE, 2020-23
- 91%
- ONE-YEAR RETENTION RATE, 2022-23
- 92%
- SIZE OF 2022–2023 GRADUATING CLASS
- 36
- STANDARDIZED TESTING REQUIRED?
- No
- TOTAL APPROXIMATE COST
- $140,000
- YIELD, 2023–24
- 47%
The University of Minnesota’s Carlson Executive MBA program requires a TOEFL score of 81 for non-native English-speaking applicants. It also requires two letters of recommendation and recommends prospective students to have at least six years of work experience. The program culminates in a capstone that allows students to work on virtual global teams with the school’s Global EMBA partner programs in Europe and China for eight months. Outside of the Minneapolis, Minnesota campus, the program is also offered in Vienna, Austria (in partnership with WU Vienna) and Guangzhou, China (in collaboration with Lingnan College at Sun Yat-sen University). The deadline to apply for the fall semester is July 15.
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Part-Time MBA Overview
- ACCEPTANCE RATE, FALL 2023
- 94%
- AVERAGE NUMBER OF YEARS OF WORK EXPERIENCE, 2023-24 ENTRANTS
- 8.0
- AVERAGE UNDERGRADUATE GPA, 2023-24 ENROLLEES
- 3.40
- GRADUATION RATE, 2020-23
- 40%
- ONE-YEAR RETENTION RATE, 2022-23
- 94%
- SIZE OF 2022-2023 GRADUATING CLASS
- 176
- TUITION PER CREDIT, OUT-OF-STATE 5%
- $1,720
- YIELD, 2023–24 (MATRICULATES/ADMITS)
- 75%
At the University of Minnesota, the part-time MBA is test optional to apply. Two letters of recommendation are needed, and international students must submit proof of English proficiency. The deadline to apply for fall admission is July 15. Graduates earn median annual salaries of $120,000 four months post-program, with a reported average 62% salary increase during the program.