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Sue Oldham

Jones Graduate School of Business – Rice University

The Jones Graduate School of Business at Rice University in the heart of Houston, TX, offers full-time and part-time MBA programs, as well as an MBA for Executives. The school provides targeted career management resources, and Fortune 500 organizations often recruit from Jones. With a prominent faculty and specialized concentrations that can be tailored to each student’s career path, the Rice Jones Graduate School of Business MBA appeals to professionals from many different backgrounds.

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Jones MBA faculty consists of nearly 40 professors. They teach across 13 academic fields of interest and contribute their ongoing research to the school’s publication, Rice Business Wisdom. The professors bring both academic research and real-world business knowledge to the classroom.

The 22-month full-time MBA is a cohort-based program designed to work for a variety of students. Classes take place during the day Monday through Thursday, and a two-year leave from the workforce is recommended. Furthermore, for the first year, students build up their knowledge of business fundamentals. After a summer internship designed to help students pursue relevant career options, MBA candidates return for a second year to pursue more customized learning in specific areas of interest.

Students need 60 credits to graduate. The first year is dominated by the core curriculum, whereas the second year is fully electives. Students can choose from 115 electives and may pursue concentrations in accounting, energy, entrepreneurship, finance, health care, marketing, mastering creativity & innovation, operations management, real estate, or strategic management. The creativity & innovation concentration is noteworthy because it teaches students to utilize creative, entrepreneurial ideas for new business development and economic benefit.

Other Degree Offerings
In addition to the full-time MBA, Rice also offers the part-time MBA for Professionals as well as an MBA for Executives. The MBA for Professionals is a 22-month long program with classes on evenings and weekends. It is also offered on an extended three- to five-year basis to maximize flexibility for working professionals. The most recent class consisted of 165 students, with 59 choosing to attend classes on the weekend and the remainder attending evening classes. Their average was 3.3 and their average GMAT was 629. The curriculum is structured like the full-time MBA—the first year is dedicated to core requirements, and the second year is dedicated to electives.

With an emphasis on decision-making, leadership and strategy, the MBA for Executives is designed for experienced executives. The program lasts 22 months, with classes held on alternating weekends. There are also four required weeklong executive forums and a required international forum.

Degree Offerings at Jones
Two-Year MBA

MBA for Professionals

MBA for Executives

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Clubs, Conferences, & Competitions
Almost all Rice students participate in student clubs, and there are over 35 options available. They are a great way for students to socialize, network, and gain leadership experience. For instance, industry-specific groups for students interested in real estate or marketing are available, in addition to affinity groups such as the Veterans in Business Association.

Rice also offers myriad other activities. In terms of conferences, the Rice Energy Finance Summit (REFS) is a yearly conference run by students to spark conversations about current issues in the energy industry. Past sponsors have included Chevron, Phillips 66, and EOG Resources. Students may also partake in a weeklong visit to Wall Street to meet with alumni and business professionals in the finance industry. The Silicon Valley Trek is a similar option for those interested in meeting entrepreneurs and venture capitalists in the tech capital. The Rice Business Plan Competition is a nationally recognized event that supports entrepreneurship and the launch of technology companies.

Campus Spaces
The Jones Graduate School of Business is located in Janice and Robert McNair Hall. The 167,000-square foot building is located near the Jake Hess Tennis Stadium and Cameron Field. Housing is provided off-campus in one of three apartment complexes, which are designated for non-married students, married students and families.

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Career Services
The Jones Graduate School of Business’s Career Management Center hosts workshops and works with students individually to help them prepare for summer internships and hone their job-searching skills. In addition, the school has relationships with many Fortune 500 organizations. Top recruiters for Rice MBA students include Deloitte, ExxonMobil, and Goldman Sachs.

Career Statistics
For the MBA class of 2015, 93% of MBA students received a job offer within three months following graduation. In addition, the average salary for graduates was $109,901, with an average signing bonus of $25,969. The top fields for graduates included financial services, consulting, and petroleum/energy. Nearly a quarter of the Class of 2015 entered financial services, and just under 24% chose consulting or the petroleum/energy industry.

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The Class Profile
For the 2016 year, there were 109 incoming MBA students with an average GMAT of 676 and an average GPA of 3.4. Most students have around 5.4 years of work experience. In addition, 32% of the class is made of women, whereas 34% of it is comprised of foreign nationals. Thirty-six percent of students had majored in business or economics. Another 38% had studied math/science/engineering, while the remaining 26% had majored in liberal arts or other studies.

Application Procedures
The application deadlines for the full-time MBA are October 5, January 9, and April 7. All applicants must hold a four-year degree from an accredited U.S. institution, or the international equivalent. Official transcripts, GMAT/GRE scores, TOEFL/IELTS/PTE scores are also required. Other elements of the application include a résumé, a recommendation from a current, direct supervisor (two from other supervisors are required if not attained from a current, direct supervisor), and admissions essays. Candidates may be invited to interview after a review of the application.

Application Checklist

  • Official GMAT or GRE test scores
  • Official academic transcripts from all prior institutions
  • Professional Resume
  • One recommendation from current direct supervisor or two recommendations from other supervisors
  • Admissions Interview
  • Application Fee ($200)
  • Official TOEFL, PTE or IELTS academic score report (for international students)
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For the 2016-17 school year, tuition is $53,000 per year, with an estimated total cost of $82,895. Therefore, the estimated total cost of the program is $165,790. The fees are billed in 50 percent increments for the fall and spring semesters. Students are encouraged to utilize loans, a semester payment plan, or military benefits for financing.

Scholarships are widely available for MBA students. For instance, merit scholarships were awarded to 82 percent of the incoming full-time class, covering an average of 60 percent of the tuition. Over 40 named merit scholarships are available, and they may cover 10 to one-hundred percent of tuition. Applications are automatically considered for scholarships upon submission. In addition, the Military Scholars program may cover tuition and fees for veteran military applicants. Lastly, the Crownover Scholars Program awards full scholarship support to students who meet strong academic credentials.

Estimated Cost of Attendance

  • Tuition: $53,000
  • Fees: $3,093
  • Parking: $833
  • Health Insurance: $2,504
  • Room & Board: $13,275
  • Books & Supplies: $4,700
  • Personal Expenses: $2,925
  • Transportation: $2,565
  • Total: $82,895
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Deadlines for 2016-17

Round 1: October 5, 2016 Decision: December 15, 2016

Round 2: January 9, 2017 Decision: April 5, 2017

Round 3: April 7, 2017 Decision: May 10, 2017

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Class Size110
Mean GMAT690
Mean GPA3.3

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