Georgetown McDonough School of Business MBA Program Welcomes Strongest Class in History
Washington, D.C. -- A fifty percent increase in applications to the McDonough School MBA program for the Class of 2002 has resulted in the strongest entering class in its history, indicating the growing recognition and maturity of the school's MBA program.
The increase in MBA applications to Georgetown runs contrary to national trends. According to a July 5, 2000 article in the New York Times, applications to top MBA programs fell this spring. Increases in applications to Georgetown's McDonough School reflect a series of changes initiated by new dean Christopher P. Puto.
The MBA program received a total of 2,875 applications for admission to the Class of 2002, an increase from 1923 applications in 1999. Of the 2,875 applications, 543 were accepted, for a selectivity rate of 19 percent versus 34 percent in 1999. The average GMAT for the Class of 2002 is 655, up from 641 the previous year, and the average GPA increased to 3.37 from 3.23.
Total enrollment for the MBA Class of 2002 is 240. In keeping with the program's worldwide reputation, 39 percent of the class is international, with 32 countries represented. Thirty-three percent of the class is women, ten percent is minorities, and four percent is underrepresented minorities.
"We believe the heightened interest in Georgetown as a place to pursue an MBA stems from a number of factors, including a new MBA curriculum with an innovative international integrative, a new MBA facility, a recognition of our regional advantage, including proximity to the Northern Virginia technology corridor, and increased emphasis on recruitment and placement of MBA students," says Puto, who was named dean in 1998.
The Class of 2000 placement statistics proves the increasing recognition of the value of the Georgetown McDonough School MBA in the marketplace. Total compensation for the average Class of 2000 MBA graduate was $117,000, including starting salary, signing bonus and other guaranteed compensation. The average starting salary increased 7 percent, from $75,000 in 1999 to $80,788 in 2000. Ninety-six percent of the class had job offers at graduation, up from 88 percent last year.