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Foster School of Business – University of Washington

The Foster School of Business of the University of Washington is based in Seattle, Washington. The school offers full-time, evening, and executive MBA options, as well as a Technology Management MBA and a Global Executive MBA. The campus is close to a variety of music and arts scenes, as well as major companies such as Microsoft, Amazon.com, and Starbucks.

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Faculty
Foster has 83 faculty members, and 45% of the professors and lecturers participate in the review process at top academic journals. Their work has been included in publications such as the Journal of Consumer Research, Social Psychology and Personality Science, and the Journal of Consumer Psychology. Professors are spread across five academic departments, including Accounting, Finance & Business Economics, Information Systems & Operations Management, Management Organization, and International Business.

Curriculum
Over the course of 20 months, the full-time MBA students at the Foster School of Business take both core and elective coursework to complete their degree. The courses are offered on campus during the day. In the first year, students take 38 credits in core courses such as “Financial Accounting,” “Marketing Strategy,” and “Statistics for Business Decisions.” Second-year students take two core courses and a variety of electives. Eleven elective courses are required for the completion of the program, and they may cover topics in business economics, entrepreneurship, and operations management.

In addition, students may participate in experiential learning by joining a community board of directors, taking part in an international consulting project, or completing a fellowship. Students may also join MBA Core Case Competitions or a Business Plan Competition to test their skills against other top competitors. Lastly, students may take on a full-time, paid internship during the summer between the first and second years of classes.

Other MBA Degree Options
In addition to the full-time MBA, Foster offers part-time and executive options. The Evening MBA takes three years to complete and students take courses on a part-time basis in the evenings. Core courses take place on Mondays and Wednesdays while electives are offered once a week from Mondays through Thursdays. The Evening MBA enrolls around 125 students per year, while 40 to 45 professionals matriculate in the Executive MBA. The Foster Executive MBA Program takes 21 months and 70 credits to complete. Two schedule options are available to compensate students’ professional lives and geographic placement. The North America classes meet once per month for four consecutive days (Wednesday through Saturday). Online academic sessions, as well as virtual study team meetings, support these meetings. The Regional Program meets once per week on alternating Fridays and Saturdays (occasionally consecutive Fridays and Saturdays), and offers weekly study team meetings and on-campus tutoring sessions. The Global Executive MBA (GEMBA) at the Foster School of Business takes 12 months to complete. The cohort-based program is geared toward professionals looking to continue or to start working internationally. Meanwhile, the Technology Management MBA (TTMBA) is designed for technology professionals and entrepreneurs to learn relevant business management techniques. Courses cover topics such as negotiations, microeconomics, and decision modeling. With evening and weekend classes, the TTMBA is geared toward students who are also working full time.

Core Courses at Foster
Year One

  • Financial Reporting and Analysis
  • Managerial Finance
  • Leadership Development
  • Building Effective Teams
  • Marketing Strategy
  • Micro-Economics of Competition and Strategy
  • Applied Strategy: Business Consulting Project
  • Statistics for Business Decisions
  • Leading Teams and Organizations
  • Competitive and Corporate Strategy
  • Information for Decision Making and Performance Evaluation
  • Operation and Supply Chain Management
  • Decision Support Models

Year Two

  • Ethical Leadership and Decision Making
  • Analysis of Global Economic Conditions

Degree Offerings at Foster
Full-time MBA
http://foster.uw.edu/academics/degree-programs/full-time-mba/

Evening MBA
http://foster.uw.edu/academics/degree-programs/evening-mba/

Executive MBA
http://foster.uw.edu/academics/degree-programs/executive-mba/

Technology Executive MBA
http://foster.uw.edu/academics/degree-programs/technology-management-mba/

Global Executive MBA
http://foster.uw.edu/academics/degree-programs/global-executive-mba/

Joint Degree Programs
MBA/JD, MBA/MHA, MBA/MPAcc, MBA/MAIS (International, Japan or Korean Studies)
http://foster.uw.edu/academics/degree-programs/full-time-mba/curriculum/certificates-concurrent-degrees/

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Clubs and Competitions
Foster MBA students may choose among the school’s 23 student clubs as a member of the MBA Association. Clubs are broken into groups including Functional, Industry, Diversity, Interest and Extracurricular. There are a handful of Functional Clubs that support such disciplines as consulting, marketing, operations, finance and strategy. Industry Clubs explore entrepreneurship, technology, healthcare, outdoor sports and a passion for food, among other areas. Diversity in Business and Foster Veterans Association are among the handful of Diversity clubs. The MBA Challenge for Charity, which is in its 33rd year, along with Net Impact give Foster students the opportunity to give back to their community and affect transformational change. Finally, students’ partners can socialize through the Blue Dot club, while other Extracurricular clubs center around Husky football, creativity and travel experiences like white water rafting.

On campus, Foster offers two business competitions: MBA Core Case Competitions and the Business Plan Competition. The former is required for first-year students, who participate in a practice case in the winter and then a final “live” case. Industry leaders judge the presentations based on criteria such as recommendations and clarity. Meanwhile, the Business Plan Competition is hosted by the Arthur W. Buerk Center for Entrepreneurship and teams compete for $60,000 in prize funds. The goal of the competition is to develop a new business and teams may secure further funding after the competition through the Jones/Foster Accelerator.

Campus Spaces
Five of the school’s buildings are located in Seattle, Washington: Dempsey Hall, PACCAR Hall, the Bank of America Executive Center, the Foster Business Library, and Mackenzie Hall. The Eastside Executive Center is located in Kirkland, Washington, and houses the Technology Management MBA. Dempsey Hall is the newest addition to the campus and houses the dean’s office, MBA and undergraduate offices, the Center for Entrepreneurship and several classrooms. PACCAR Hall is a little over twice the size of Dempsey Hall at 135,000 square feet. PACCAR Hall is home to several classrooms, meeting spaces, a large auditorium and faculty offices.

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Career Services
The MBA Career Management provides many ways for students to develop professionally during their time at the school. Offerings include career coaching, online resources, advisory boards, networking events, a mentor program, and peer advisors for students in their second year. In addition, students can participate in mock interviews, résumé reviews, and career advising. The team of career strategists has a proven track record: 95% of full-time MBA students are employed within three months of graduation.

Career Statistics
Foster grads have one of the highest job placement rates and highest salaries, averaging 95.6% in employment and $118,405 in earnings. Technology was the most popular industry choice of the Class of 2015, as 43% of graduates entered the field. Consulting was a distant second, claiming a quarter of 2015 graduates. While financial services tends to be a popular field for MBA graduates, only 7% of Foster MBAs joined the industry. Consumer products claimed 9% of the Class of 2015, and the rest spread across manufacturing, pharma/biotech/healthcare and other fields.

Seventy-eight percent of the Class of 2015 stayed in the Washington area while 19% settled in other parts of the U.S. Only 3% of recent graduates sought employment abroad.

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Class Profile
The full-time MBA class for 2017 has a size of 129 students. On average, students are 28 and have just over five years of work experience. The class is 33% female, and international students make up 33% of the student population. The average GMAT for this class was 688 with undergraduate GPAs averaging 3.35.

Application Procedures
Applicants are required to hold a U.S. bachelor’s degree (or its equivalent). GMAT scores are required for all applicants, and the average score is 670. If the GMAT is taken multiple times, the Foster adcom will accept the highest score; however, GMAT scores are only valid for five years and the test must be taken by the admissions deadline. In addition, students must prove quantitative analysis proficiency via college transcripts in quantitative courses, GMAT score, and/or current employment responsibilities. If necessary, students should submit evidence of English language proficiency via TOEFL, IELTS, or Pearson Test of English (Academic) scores.

The completed application includes an online application, two required essays, a résumé, two letters of recommendation, all prior transcripts, an official GMAT score report, and an $85 application fee. Work experience is preferred, but not necessary to apply for the full-time MBA.

Once a student’s application is received, the candidate may be invited to complete an admissions interview via video or in-person.

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Current total program costs–including both tuition and fees–are $64,788 for Washington residents, and $94,428 for non-residents. Full-time MBA students may qualify for up to $20,500 via the Stafford/Ford loan program. Eligible students must have U.S. citizenship, no prior defaults on federal student loans, and (if appropriate) draft registration. Furthermore, students may receive private loans, and the Foster School of Business can help interested students compare private lenders.

Over one-third of MBA students receive scholarships, and both merit-based and need-based scholarships are available. First year merit-based scholarships are based on a student’s application (including GMAT score, GPA, and interview), whereas second year merit-based scholarships are based on a student’s current GPA and involvement in the Foster School of Business community. In addition, need-based scholarships are determined by FAFSA, and students should complete an online application to demonstrate financial need.

Additional scholarships are available for women and minorities, international students, and U.S. veterans. Veterans may apply for the Tillman Military Scholars program, Military MBA Scholarships, and a GMAT fee reimbursement.

While first-year full-time MBA students are discouraged from holding outside work, some second-year students may hold on-campus positions in MBA admissions or as teaching assistants.

Estimated Cost of Attendance 2016-2017

  • Tuition and Fees: $64,788 (Resident); $94,428 (Non-Resident)
  • Room & Board: $19,016
  • Books and Supplies: $1,708
  • Local Transportation: $2,532
  • Personal Expenses: $3,020
  • MBA Association Membership Dues (one time only): $235
  • MBA Club Dues (one time only): $200
  • Health: $2,500
  • International Student Visa Fee: $45 per quarter
  • Total: $93,999 (Resident); $123,639 (Non-Resident); $123,774 (International on visa)
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Status

01/5/2017

The next deadline for the Foster MBA full-time MBA is January 15 and is also the final round open to international students. March 15 is the final application deadline for 2016-2017.

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Stats

Mean GMAT688
Mean GPA3.35
% Female33%
% International33%

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Contact

Mailing Address:
Foster School of Business
PACCAR Hall
Seattle, WA 98195
Phone: (206) 543-4661
Email:
[email protected]
Web:
http://foster.uw.edu/
Blog:
http://depts.washington.edu/foster/
Twitter:
@UWFosterSchool

MBA LiveWire for U. Washington / Foster

Application results in real time, submitted by site visitors.
January 14, 2017 10:04am
Rejected via email.
GPA: 3.44. GMAT: 730. China.
January 13, 2017 5:18pm
Accepted via phone.
GPA: 3.6. GMAT: 690. Boston.
December 16, 2016 4:42pm
Accepted via phone.
GPA: 3.2. GMAT: 710. Californi.
December 15, 2016 5:03pm
Accepted via phone.
GPA: 3.5. GMAT: 320. DC.
December 14, 2016 10:09am
Accepted via n/a.

DecisionWire for U. Washington / Foster

Van
Enrolled: Vanderbilt / Owen
Admitted: Cambridge / Judge, USC / Marshall, UT Austin / McCombs, Vanderbilt / Owen, U. Washington / Foster
GMAT: 700 GPA: 3.67
Post-MBA Career: Entrepreneurship
Cor
Enrolled: Cornell / Johnson
Admitted: Cornell / Johnson, U. Washington / Foster
GMAT: 690 GPA: 3.3
Post-MBA Career: Marketing
Fos
Enrolled: U. Washington / Foster
Admitted: U. Washington / Foster
GMAT: 700 GPA: 3.6
Post-MBA Career: Technology