The University of Michigan Ross School of Business is a top-ranked business school located in Ann Arbor, Michigan. The school offers a wide range of undergraduate and graduate degree programs in business, including the highly regarded Full-Time MBA program. The Ross School of Business is known for its strong focus on leadership and practical business skills, and it has a reputation for producing graduates who are well-prepared to succeed in the business world. The school is accredited by the Association to Advance Collegiate Schools of Business (AACSB), which is a prestigious accreditation that is only awarded to the top business schools in the world.
If joining the ranks of Michigan Ross’ renowned alumni is a goal of yours, our Michigan Ross MBA Class Profile Analysis will provide insight into the kind of applicants who are successful in getting into the school and provide advice on how to improve your own chances of acceptance.
- General Information on Michigan Ross School of Business
- Michigan Ross MBA – By the numbers
- Michigan Ross MBA class profile 2024
- MBA Application Deadlines
- Michigan Ross MBA employment statistics – Class of 2022
- Employment Trend at Michigan Ross
- Cost of Attendance
- Michigan Ross Scholarships
- Final Thoughts
General Information on Michigan Ross School of Business
Location – 701 Tappan Street Ann Arbor, MI 48109-1234
Dean – Sharon F. Matusik
Phone: +1 (734) 763-5796
Michigan Ross MBA – By the numbers
Here are a few important statistics for the latest class i.e. class of 2024 of the Michigan Ross
|Average GMAT Score||720|
|Average GRE Score||320|
|Work Experience (Average)||5.6 years|
|Tuition Cost for a Single Person||$68,196 (Michigan Residents) $73,196 (Non-Resident)|
|Percentage of students that received a job offer||99%|
|Median Base Salary||$165,000|
|Median Signing Bonus||$30,000|
Now, let’s take a look in detail at the latest incoming class i.e., class of 2024 of Michigan Ross.
Michigan Ross MBA class profile 2024
Michigan Ross MBA class of 2024 consists of 247 students. Michigan Ross does not reveal information on the number of applications it received.
Business Schools care a lot about maintaining diversity in the class. 42% of the Michigan Ross class of 2024 is female and 41% of students are international students.
- % women in the Michigan Ross class of 2024 – 46%
- % international students in the Michigan Ross class of 2024 – 36%
Test Scores and GPA
Michigan Ross is home to some of the brightest minds in the world. So, it’s quite understandable that the GPA and test scores will be on the higher side. The Average GPA of the Michigan Ross class of 2024 is 3.5, the Average GMAT score is 720, and the Average GRE score is 320.
Average GPA – 3.5
- Average GMAT – 720
- Average GRE – 320
- Average GRE Quant -160
- Average GRE Verbal – 160
The highest number of Michigan Ross class of 2024 students have a background in STEM (40%) followed by Economics and Social Sciences (15%).
More details are in the table below:
|Undergraduate Major||Percentage of Michigan Ross class of 2024|
Pre-MBA industry of Michigan Ross MBA class of 2024
Every student of the Michigan Ross class of 2024 has some work experience. The Average work experience is 67 months. 16% of the Michigan Ross class of 2024 has a background in Consulting and Venture Capital/Private Equity followed by Technology (14%) and Financial services (10%).
More details are in the table below:
|Pre-MBA industry||% of Michigan Ross class of 2024|
|Consumer Packaged Goodsl||4%|
MBA Application Deadlines
The application dates for the MBA Class of 2025 (incoming class of 2023) are
|Round 1||Sep 19, 2022||Dec 9, 2022|
|Round 2||Jan 9, 2023||Mar 17, 2023|
|Round 3||Apr 3, 2023||May 5, 2023|
Now that you know the education and industry background of the latest class of Michigan Ross, you must have an idea of where you stand compared to them. To get into Michigan Ross try to match or exceed these numbers. Now, let’s take a look at the compensation that Michigan Ross MBA students get after they graduate.
Michigan Ross MBA employment statistics – Class of 2022
The Michigan Ross class of 2022 received a median base salary of $165,000. Moreover, the median signing bonus s $30,000.
Here are the details:
- Median Base Salary – $175,000
- Median Signing Bonus – $30,000
- 99% received an offer within 3 months of graduating
Employment by Industry
42.2% of the Michigan Ross MBA class of 2022 found employment in Consulting industry followed by 17.3% in Technology, and 15% in Financial Services.
More details are in the below table.
|Industry||% Class of 2022|
|Consumer Packaged Goods||5.30%|
|Healthcare (Including Products and Services)||6.30%|
Median Salary by Industry
Candidates finding employment in Consulting and Financial Services received the highest median salary of $175,000. Candidates who found a job in Healthcare received a median salary of $140,000.
More details are in the following table.
|INDUSTRY||BASE SALARY MEAN||BASE SALARY MEDIAN||BASE SALARY RANGE||MEDIAN SIGNING BONUS|
|Consumer Packaged Goods||$119,650||$120,000||$85,000-$155,000||$30,000|
|Healthcare (Including Products and Services)||$147,111||$140,000||$121,000-$197,000||$30,000|
Employment by Function
44.2% of the Michigan Ross MBA class of 2022 found employment in Consulting, followed by 19.2% in Technical, and 13.3% in Finance.
More details are below.
|FUNCTION||% Class of 2022|
|Consulting - General||11.60%|
|Consulting - Human Capital||1.30%|
|Consulting - Internal||1.00%|
|Consulting - Management||30.20%|
|Finance - General||2.30%|
|Finance - Investment Banking||9.60%|
|Finance - Private Equity/Venture Capital||2.30%|
|Marketing/Sales - Brand/Product Management||10.00%|
|Marketing/Sales - General||4.00%|
Median Salary by function
Michigan Ross class of 2022 students who found employment in Consulting received the highest median salaries of $175,000 followed by Real Estate ($147,500), and Marketing ($145,000).
Jobs in finance received the highest median signing bonus of $50,000.
|FUNCTION||BASE SALARY MEAN||BASE SALARY MEDIAN||BASE SALARY RANGE||MEDIAN SIGNING BONUS|
|Consulting - General||$163,148||$175,000||$92,500-$175,000||$30,000|
|Consulting - Human Capital||$138,750||$130,000||$130,000-$165,000||$27,500|
|Consulting - Internal||$126,125||$120,000||$117,374-$141,000||$22,500|
|Consulting - Management||$170,279||$175,000||$100,000-$185,000||$30,000|
|Finance - General||$129,400||$135,000||$95,000-$146,000||$25,000|
|Finance - Investment Banking||$173,621||$175,000||$150,000-$175,000||$50,000|
|Finance - Private Equity/Venture Capital||$155,000||$150,000||$120,000-$200,000||$10,000|
|Marketing/Sales - Brand/Product Management||$132,414||$127,000||$110,000-$197,000||$30,000|
|Marketing/Sales - General||$139,380||$141,000||$120,000-$170,000||$25,000|
Employment by Location
Majority (98%) of the Michigan Ross MBA class of 2022 found employment in the United States. A mere 2% chose to work outside the US.
More details are below.
|Region||Percent||Base Salary Mean||Base Salary Median||Base Salary Range||Signing Bonus|
Employment Trend at Michigan Ross
|Industry||2022 Median Salary||2021 Median Salary||2020 Median Salary||2019 Median Salary|
|Consumer Packaged Goods||$120,000||$113,000||$110,000||$108,000|
|Consumer Packaged Goods||5.30%||7.90%||7.20%||8.00%|
Cost of Attendance
The Michigan Ross Cost of Attendance includes Tuition Fees, Housing, books, and other costs.
|Michigan Resident||Non-Resident/ International|
|Housing and Food||$17,780||$17,780|
|Books and Supplies||$1,788||$1,788|
Apart from this there are other fees.
- Mandatory fees: $166.19 Mandatory fees (per full term for full-time enrolled students)
- International Student Services Fee: $500 per term enrolled for students studying under F or J visa status
Michigan Ross Scholarships
When you apply to the Full-Time MBA program you're automatically considered for over 200 merit-based scholarships, and will be notified of any awards upon admission. No separate application is required. Awards are based on academic ability, professional and personal achievements, and potential to contribute to our community. Scholarships range from $10,000 to full tuition.
Dean’s Impact Scholars
Awarded to a highly-select group of admitted students, this scholarship recognizes a student’s outstanding accomplishments and reflects our belief in their potential to create a positive impact in the world through business. In addition to a full-tuition scholarship, recipients of the Dean’s Impact Scholarship are awarded an annual stipend to support their educational travel, leadership development experiences, and non-tuition expenses.
Admitted students selected as Dean's Fellows are awarded full-tuition scholarships. Fellows gain the opportunity to network with alumni senior leaders in a variety of industries, and build unique connections with other fellows and faculty members throughout their Michigan Ross experience.
Focused Scholarship Opportunities
Health Innovation Scholars Program - Healthcare
The Health Innovation Scholars Program offers scholarships to MBA applicants with an interest in healthcare. The program includes: a full-tuition scholarship, professional development funding, and alumni and cohort networking. No separate application is required. All applicants that list healthcare as their desired career interest are considered.
Forte MBA Fellowship - Gender Equity
The Forte Fellowship offers funding opportunities and other support structures to MBA applicants of any gender identity who demonstrate exemplary leadership and a commitment to Forté’s mission of launching women into fulfilling, significant careers through access to business education, opportunities, and a community of successful women. Michigan Ross was a founding partner of the Forte Foundation in 2003.
Yellow Ribbon Program - Military
Michigan Ross has proudly supported the Yellow Ribbon Program without a cap on the number of students or costs since 2009. The program covers unmet tuition needs for all 100 percent eligible, post-9/11 GI Bill students.
The Consortium - African or Black Americans, Hispanic Americans, American Indians
This merit-based scholarship is awarded to applicants who have demonstrated dedication to The Consortium For Graduate Study in Management's mission of increasing the representation of Black, Hispanic, or American Indians in American business schools and corporate management. The fellowship is available to all U.S. citizens or permanent residents, regardless of race or ethnicity. All students who apply through The Consortium are eligible for a Consortium Fellowship or a Michigan Ross scholarship.
Romba LGBT+ Fellowship - LGBT+
Through Reaching Out MBA, the Romba LGBT+ Fellowship provides funding and access to leadership programming to LGBTQIA2S+ future business leaders. Interested students should contact Reaching Out to let them know of their interest in applying for the fellowship, and at which schools. After you receive your offer of admissions from Michigan Ross and offer of fellowship, Ross will notify Reaching Out of its selected fellow.
Tauber Institute for Global Operations Scholarships - Operations
The Tauber Institute for Global Operations offers a number of scholarships to students in the program. No separate application is required for this scholarship. All Tauber students are considered. Award recipients are notified of selection after admission to the program.
Erb Institute Scholarships - Environmental Sustainability
The Erb Institute offers various funding opportunities. For recruitment scholarships, you may apply once you have been admitted to either Michigan Ross or the School for Environment and Sustainability, and have submitted an application to the other school. Award notifications are usually made within a month.
True Grit - Domestic and International Students
Partial and full-ride scholarships are made available to Full-Time MBA students who have demonstrated notable resilience in the face of adversity. Recipients may include students who are the first in their families to pursue a degree, or those who have overcome personal obstacles, served in the military, or otherwise exhibited personal fortitude and resilience.
Getting an MBA from Michigan Ross is a dream for most MBA applicants. Michigan Ross is one of the best business schools in the world, so getting into it can be hard. Even though there is no foolproof method to ensure admission to Michigan Ross, you can improve your chances significantly by working diligently on your application. We can help you get into Michigan Ross. Our consultants include Michigan Ross alumni who will give you the most accurate advice and guidance you’ll need to get into Michigan Ross. So, get started now.