University of Michigan Ross School of Business

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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.

Michigan Ross School of Business

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

Location – 701 Tappan Street Ann Arbor, MI 48109-1234

Dean – Sharon F. Matusik

Phone: +1 (734) 763-5796

Email: rossadmissions@umich.edu

Social media – Facebook, Twitter, YouTube, Instagram, LinkedIn

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

Class Size380
Average GMAT Score720
Average GRE Score320
Average GPA3.5
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 offer99%
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

Enrollment

Michigan Ross MBA class of 2024 consists of 247 students. Michigan Ross does not reveal information on the number of applications it received.

Michigan Ross MBA class of 2024 profile

Diversity

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

GMAT Score

  • Average GMAT – 720

GRE Score

  • Average GRE – 320
  • Average GRE Quant -160
  • Average GRE Verbal – 160

Location

Michigan Ross MBA class of 2024 location

Undergraduate Major

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 MajorPercentage of Michigan Ross class of 2024
STEM40%
Business38%
Humanities22%

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
Consulting19%
Health14%
Finance14%
Education/Not-for-profit/Government11%
Tech11%
Military7%
Consumer Packaged Goodsl4%
Media/Hospitality/Sports3%
Engineering/Manufacturing3%
Energy3%
Other11%

MBA Application Deadlines

The application dates for the MBA Class of 2025 (incoming class of 2023) are

Application RoundDeadlineDecisions
Round 1Sep 19, 2022Dec 9, 2022
Round 2Jan 9, 2023Mar 17, 2023
Round 3Apr 3, 2023May 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
Consulting42.20%
Consumer Packaged Goods5.30%
Energy3.00%
Financial Services15.00%
Healthcare (Including Products and Services)6.30%
Manufacturing3.70%
Real Estate1.00%
Retail2.00%
Technology17.30%
Other4.20%

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.

INDUSTRYBASE SALARY MEANBASE SALARY MEDIANBASE SALARY RANGEMEDIAN SIGNING BONUS
Consulting$168,261$175,000$92,500-$185,000$30,000
Consumer Packaged Goods$119,650$120,000$85,000-$155,000$30,000
Energy$126,170$125,000$114,530-$146,000$20,000
Financial Services$165,000$175,000$120,000-$200,000$47,500
Healthcare (Including Products and Services)$147,111$140,000$121,000-$197,000$30,000
Manufacturing$125,337$125,000$86,000-$160,000$25,000
Real Estate$133,333$130,000$120,000-$150,000$10,000
Retail$126,667$127,500$120,000-$130,000$27,500
Technology$137,283$136,000$115,000-$160,000$30,000
Other$138,917$141,000$87,000-$215,000$20,000

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
Business Development1.00%
Consulting44.20%
Consulting - General11.60%
Consulting - Human Capital1.30%
Consulting - Internal1.00%
Consulting - Management30.20%
Finance14.30%
Finance - General2.30%
Finance - Investment Banking9.60%
Finance - Private Equity/Venture Capital2.30%
General Management14.60%
Marketing/Sales14.00%
Marketing/Sales - Brand/Product Management10.00%
Marketing/Sales - General4.00%
Operations/Logistics9.00%
Other2.90%

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.

FUNCTIONBASE SALARY MEANBASE SALARY MEDIANBASE SALARY RANGEMEDIAN SIGNING BONUS
Business Development$146,667$145,000$145,000-$150,000$20,000
Consulting$166,454$175,000$92,500-$185,000$30,000
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$165,564$175,000$95,000-$200,000$50,000
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
General Management$134,130$132,600$94,000-$165,000$25,000
Marketing/Sales$134,200$130,000$110,000-$197,000$27,500
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
Operations/Logistics133,416132,600$85,000-$170,000$30,000
Other139,333125,000$86,000-$215,000$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.

RegionPercentBase Salary MeanBase Salary MedianBase Salary RangeSigning Bonus
Mid-Atlantic6.60%$152,655$175,000$87,000-$175,000$30,000
Midwest30.20%$154,015$165,000$86,000-$175,000$30,000
Northeast24.30%$162,824$175,000$85,000-$215,000$30,000
South5.00%$149,000$140,500$120,000-$175,000$30,000
Southwest7.60%$157,333$165,000$120,000-$185,000$30,000
West24.30%144,717140,000$95,000-$200,000$30,000
International2.00%$115,187$120,860$64,403-$155,000$27,667

Employment Trend at Michigan Ross

Industry2022 Median Salary2021 Median Salary2020 Median Salary2019 Median Salary
Consulting$175,000$165,000$160,000$150,000
Consumer Packaged Goods$120,000$113,000$110,000$108,000
Energy$125,000$110,000NANA
Financial Services$175,000$150,000$150,000$150,000
Healthcare$140,000$130,000$125,000$120,000
Manufacturing$125,000$132,500$123,500$120,000
Real Estate$130,000NANANA
Retail$127,500$127,838$120,000$115,000
Technology$136,000$130,000$130,000$122,650
Other$141,000$130,000$115,000$120,000
Industry2022202120202019
Consulting42.20%35.10%35.70%32.00%
Consumer Packaged Goods5.30%7.90%7.20%8.00%
Energy3.00%1.50%NANA
Financial Services15.00%15.50%11.90%15.10%
Healthcare6.30%5.60%5.30%3.60%
Manufacturing3.70%2.90%4.40%8.90%
Real Estate1.00%NANANA
Retail2.00%1.80%3.80%4.40%
Technology17.30%24.90%24.50%21.60%
Other4.20%5.00%5.00%6.40%

Cost of Attendance

The Michigan Ross Cost of Attendance includes Tuition Fees, Housing, books, and other costs.

Michigan ResidentNon-Resident/ International
Tuition Fees$68,196$73,196
Housing and Food$17,780$17,780
Books and Supplies$1,788$1,788
Loan Fees$224$224
Personal Expenses$6,626$6,626

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

Merit-Based 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.

Dean's Fellows

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. 

Final Thoughts

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.

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