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Olin Business School – Washington University in St. Louis

The Olin Business School is located on Washington University’s 169-acre Danforth Campus in St. Louis, Missouri. Olin offers Full-time, Professional, and Executive MBA options. The Olin MBA is characterized by its focus on experiential learning, a collaborative relationship with the local business environment, and the many business offerings in and around St. Louis — a city home to nine Fortune 500 companies. In addition, Olin has one of the top job placement rates for the top 50 MBA programs, with 97% of students obtaining employment within three months of graduation.

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Faculty
Olin’s faculty consists of 106 full-time members and 39 adjuncts. Of these, 73 are tenured or tenure track. Their areas of expertise include accounting, economics, finance, leadership, management science, marketing, operations & manufacturing management, and organizational behavior. In addition, the faculty contribute to Olin’s four , which cover topics such as consumer analytics, economics research, and financial research.

Curriculum
The Olin school utilizes a platform philosophy through which students may tailor their class choices, internships, and even extracurricular activities to a specific area of study. The five platforms are: consulting, corporate finance & investments, entrepreneurship, marketing, and operations & supply chain management.

Prior to the full-time program’s start in the fall semester, students fulfill pre-program requirements. Online courses introduce students to the core subjects that are covered in the program. In addition, students must pass an exam on the fundamentals of statistics for .5 credits prior to beginning classes. To get a further look at the university’s culture, students may participate in the two-week Olin GO! Orientation program, which prepares students for the upcoming coursework and career development opportunities. Lastly, students who are not native English speakers may take a specialized communication skills course during this time as well.

For their first semester of study in the fall, Olin MBA students take core courses in management, leadership, communication, managerial economics, financial accounting, marketing management, financial management, and operations management. In addition, students also partake in industry seminars for their chosen platform of study. For their spring semester, students take core courses in strategic cost analysis and managerial statistics, as well as electives. Following a summer internship, students then take a course in leadership development in the fall, a strategic management course in the spring, and a variety of electives for their second semester. The electives can be chosen based on a student’s platform or other areas of interest. Lastly, class sizes are kept purposefully small at about 150 students. There are currently about 285 full-time MBA students enrolled at Olin, as well as 299 professional MBA students.

In order to graduate, students are required to complete 66 credit hours, 39 of which are electives. The required courses include studies in accounting, finance, management, managerial economics, marketing, organizational behavior & strategy, and operations & manufacturing management. In addition, the dozens of offered electives cover everything from digital marketing to the global economy.

Most courses at Olin are available for the standard three credit hours. To supplement student’s traditional classroom experiences, however, the Olin MBA also offers half- to two-hour courses called “minis.” These mini courses can supplement student’s platform or other areas of learning, and they are offered on subjects such as financial accounting and operations management.

In addition to classwork, the Olin MBA is characterized by its emphasis on experiential learning. Guest speakers, lecturers, internships, and organizations round out the program’s classroom work. In addition, students are encouraged to work with St. Louis nonprofits and startup organizations to address real-life organizational concerns.

Other MBA Degree Options
In addition to the full-time MBA, the Olin School also offers a Professional MBA option, as well as an Executive MBA. The professional option offers flexible scheduling, and many students are able to finish it within three years. Classes are offered on two evenings per week, or in two sessions on Saturdays.  Meanwhile, the Executive MBA offers coursework tailored to students who are more advanced in their careers and takes 20 months to complete.  Those interested in the EMBA may study in St. Louis, Kansas City, Denver, Shanghai or Mumbai.

Platforms at Olin

  • Consulting
  • Corporate Finance and Investments
  • Entrepreneurship
  • Marketing
  • Operations and Supply Chain Management

Degree Offerings at Olin
Full-Time MBA Program
https://olin.wustl.edu/EN-US/academic-programs/full-time-MBA/Pages/default.aspx

Part-Time MBA Program
https://olin.wustl.edu/EN-US/academic-programs/professional-MBA/Pages/default.aspx

Executive MBA Programs
U.S.
https://olin.wustl.edu/EN-US/executive-programs/executive-mba/Pages/default.aspx

Mumbai
https://olin.wustl.edu/EN-US/executive-programs/executive-mba-mumbai/Pages/default.aspx

Shanghai
https://olin.wustl.edu/EN-US/executive-programs/executive-mba-shanghai/Pages/default.aspx

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Clubs, Conferences, & Competitions
The Olin school has over 30 graduate student clubs and organizations. These include groups related to particular areas of study, such as the Entrepreneurship & Venture Association, as well as affinity organizations, such as the Olin Veterans Association or the Olin Women in Business.

In addition, many conferences are hosted at Olin. For instance, the Wells Fargo Advisors Center for Finance and Accounting Research (WFA-CFAR) hosts four yearly conferences. The autumnal Corporate Finance Conference covers topics such as corporate control and capital structures, whereas the two-day Nick Dopuch Accounting Conference focuses on accounting research. Next, the Wealth & Asset Management Research Conference promotes a deeper understanding of capital markets. Lastly, the Summer School on financial intermediation and contracting is an intense four-day program that delves into corporate finance and financial markets.

Competitions are also a part of the Olin experience. For example, the Olin Cup business plan competition helps promote innovation and the launch of new business ideas. Lastly, as a part of the Integrative Case Experiences, students may participate in a case competition to develop cross-functional learning experiences. In addition, a new entry, the Monsanto-Olin Case Competition, encourages students to learn more about supply chain technology in the agriculture business.

Campus Spaces
Interested students are encouraged to visit the Danforth campus to learn more about Olin’s offerings and culture. Simon Hall, as well as the newly constructed Knight and Bauer Halls, comprise the campus buildings. In addition, the Knight Center is home to the school’s executive education program.

Students who do not live in the St. Louis area may contact Quadrangle Housing for information about available apartments. These off-campus apartments are run by an affiliate of Washington University, and some of its spaces are reserved for graduate and professional students. In addition, the Apartment Referral Services can offer help to students seeking housing.

Furthermore, the Midwestern city itself acts as a draw for many students. The Olin campus is located near St. Louis’s many museums, entertainment venues, and dining establishments. In addition, the experiential learning focus of the degree encourages students to get involved in consulting projects with nonprofits and for-profits in the St. Louis community.

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Career Services
The Weston Career Center offers students advising sessions, networking opportunities, and resources from its extensive network of alumni. In addition, students are required to take part in ProDev, the school’s MBA career education program, in order to keep an eye on their career goals for the duration of their studies. Lastly, the school’s unique platforms program ensures students partake in the coursework, internships, and extracurricular work best suited to their future careers in the consulting, corporate finance & investments, entrepreneurship, marketing, or operations & supply chain management fields.

In addition, Olin’s alumni base of over 19,000 individuals worldwide can be utilized for job searching purposes. They are available for networking opportunities and career connections. Furthermore, some alumni participate in the MBA Mentor Program, offering firsthand insight into the real-world workings of many industries.

Career Statistics
For the Class of 2015, 97% had landed a job within three months of graduation. The average base salary was $99,400, with a median signing bonus of $15,000. For 34% of students, an internship was the source of their job offer, while others had luck with on-campus interviews, career fairs, or referral from Olin affiliates. Over half of students went on to accept careers in the Midwest, while about 10% relocated to the Southwest, South, Mid-Atlantic, and Northeast, respectively.

Graduates of the Olin MBA program take jobs in a wide variety of industries. The most popular fields comprised financial services, which claimed 29% of graduates, while 15% took a job in consumer products, and 14% chose a career in the technology field. Other selected fields included consulting, healthcare, manufacturing, nonprofits, energy, and entertainment.

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The Class Profile
For the 2017 MBA class, the 141 students had an average age of 28. Forty percent of the class is female, while 17% are underrepresented minorities. In addition, 35% of students are international. Furthermore, the class is academically competitive with an average GMAT of 696 and an average GPA of 3.4. Most students have an average 4.4 years of work experience. Lastly, students arrive from a variety of academic backgrounds. Thirty-six percent of students have an engineering or science background, 35% have a business or economics background, and 29% have a background in the social sciences or humanities.

Application Procedures
The deadlines for the 2016-2017 application season are October 5, November 15, January 25, and March 30, although applications are still accepted after April 1 on a first-come, first-serve basis.Unlike many schools, Olin’s application does not require an application fee or letters of recommendation. Instead, applicants must submit a current résumé (one-page preferred), required essay, standardized test scores, and academic transcripts. The GMAT or GRE is required, and international students must submit TOEFL or IELTS scores. Applicants must also have the equivalent of a U.S. bachelor’s degree. In addition, applicant interviews are conducted by invitation only. Applicants are typically notified of their application’s status within two months of submission.

Application Checklist

  • Online Application
  • Résumé
  • One Required Essay
  • GMAT or GRE test scores (unofficial)
  • Academic Transcripts (unofficial)
  • Official TOEFL, IELTS, or PTE scores (international applicants)
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For the full-time MBA, tuition is $55,400 for the 2016-17 academic year, or $27,700 per semester. Furthermore, additional fees total $1,055 per academic year. However, financial aid is available for many students. First, scholarships and fellowships which may cover up to the full cost of tuition may be awarded to select candidates. For example, The Wood Leadership Fellows Program provides full tuition to students who demonstrate exemplary leadership, academic, or professional achievements. Full tuition may also be provided by the Consortium for Graduate Study Management, as well as the McDonnell International Scholars Academy. Additional aid may be provided by the Forte Foundation, Reaching Out Fellowship, Mr. and Mrs. Spencer T. Olin Fellowship for Women, and the The Milford and Leona Bohm Scholarship. In addition, partial to full tuition waivers are available for persons who served in the U.S. Armed Forces.

Lastly, students may qualify for federal Stafford Loan or a Graduate PLUS Loan. Eligibility is determined by students’ FAFSA information. In addition, private loans may also be available for graduate business students from banks.

Estimated Cost of Attendance (2016-2017)

  • Tuition: $55,400
  • GOI Program (first-year students only): $525
  • Activity Fee: $200
  • Health & Wellness Fee: $330
  • Books & Supplies (with laptop): $2,782
  • Room & Board (rent, utilities, gas): $17,696
  • Student Health Insurance (estimated): $1,600
  • Personal/Miscellaneous Expenses: $5,268
  • TOTAL: $83,801
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Status

08/12/2016

Deadlines for 2016-2017:

October 5
November 15
January 25
March 31
Rolling

 

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Stats

Mean GMAT696
Mean GPA3.4
% Female40%
% International35%

Essay Topic Analysis


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Recommendation Questions


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B-School Q&As


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Interview Reports


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MBA LiveWire for Washington U. / Olin

Application results in real time, submitted by site visitors.
January 19, 2017 2:02am
Interview Invite via email.
GPA: 3.44. GMAT: 328. USA.
January 9, 2017 5:18pm
Accepted via phone.
January 8, 2017 4:37pm
Accepted via phone.
December 29, 2016 10:16pm
Interview Invite via email.
GPA: 3.5. GMAT: 740. China.
December 29, 2016 4:13am
Interview Invite via email.
GPA: 3.74. GMAT: 620. Bangkok.

DecisionWire for Washington U. / Olin

Fuq
Ind
Enrolled: Indiana / Kelley
Admitted: Indiana / Kelley, Washington U. / Olin, Other
GMAT: 620 GPA: 3.7
Van
Enrolled: Vanderbilt / Owen
Admitted: CMU / Tepper, Notre Dame / Mendoza, UMD / Smith, Vanderbilt / Owen, Washington U. / Olin, Other
GMAT: 690 GPA: 3.2
Post-MBA Career: Consulting
Oli
Enrolled: Washington U. / Olin
Admitted: IESE, Washington U. / Olin, U. Washington / Foster
GMAT: 690 GPA: 3.4
Post-MBA Career: Finance