Anderson School of Management (UCLA)

City: Los Angeles
State: California
Country: United States 
Year Founded: 1935
Average GMAT: 719

About #

UCLA Anderson School of Management utilizes collaboration as a path towards success. At the centre of the Anderson School of Management lies this very ethic. A collaborative network of  the UCLA Anderson community includes the world-renowned faculty, a cooperative student body, and a large alumni network. Students at UCLA Anderson learn to think innovatively and embrace a philosophy of nonconformity in order to discover real solutions to real problems. Located within the hustle and bustle of sunny L.A. UCLA Anderson incorporates the dynamic locality of the campus with students’ passions and future goals to create an experience where students can learn fearlessly! 

Featured Professors #

Shlomo Benartzi

Professor Benartzi is a professor in Behavioral Economy. His research interests include combining psychology and economics as a method to solve real social problems. He is a founder of the Save More Tomorrow(TM) program which is designed to help employees increase their savings rates over time through behavioral prescription. He worked professionally at many financial institutions and has sat on numerous advisory boards. He currently serves as a member on many boards and initiatives including the VOYA Behavioral Finance Institute for Innovation, Scorns, and Blast, Personal Capital and Wisdom Tree. His education includes a B.A. in Economics from Tel-Aviv University, and a Ph.D from Cornell University. 

Rankings #

USNews – Best Business Schools #18
USNews – Part-time MBA #5
USNews – Executive MBA #10
QS Global MBA Rankings 2021 #15

MBA Program Overview #

The full-time MBA program at UCLA Anderson School of management forges students into business leaders. Top business leaders, from BCG to Goldman Sachs have a long and productive relationship with the UCLA Anderson community so as to offer students the greatest gateway to advancing their professional and personal goals. This two year program offers students the ideal platform to launch their career. 

Year One Description

 At the end of the full-time MBA program, students will be able to have a lasting influence on their career destination. In order to do this, however, Anderson School of Management begins all their full-time MBA students off with business fundamentals. Before the start of the fall semester, incoming students go through onboarding so that they are fully prepared for the MBA journey aheads. Once regular classes begin, all first-year MBA students participate in 9 core courses which help to establish strong knowledge in business fundamentals. Once finished with the core courses, students can choose from a host of electives and internship programs in order to design their studies to fit their goals. 

Fall Semester Mandatory Classes

Summer 

  • Leadership Foundations
  • Managerial Accounting
  • Organizational Behaviour

Fall

  • Marketing Management
  • Foundations of Finance
  • Data & Decisions
  • Managerial Economics

Spring Semester Mandatory Classes

Winter

  • Marketing Management
  • Foundations of Finance
  • Operations Technology Management
  • Business Strategy

Spring

  • Communication for Leaders Pt. 1
  • Elective Course
  • Elective Course

Year Two Description

The second year Anderson School of Management is built on a foundation of flexibility and speciality. 100% of the schedule is designed by the students themselves so that they can specialize in an area of personal interest. During their second year, students will also complete their capstone project whereby students utilize everything they have learned in theory and apply it into practice. 

Unique Aspects #

Capstone Projects

Students at the end of their students are required to complete a capstone project. This project uniquely combines the theories learned in the classroom with real world application. There are a variety of capstone projects which students can choose from. 

1) Applied Management Research (AMR) – students work with a team which finds solutions to the challenge of client organization.

2) Business Creation Option (BCO) – classmates work together to conceptualize and launch their own business from the ground up. 

3) Student Investment Fund (SIF) – This capstone project allows students to manage a $2 million dollar fund while engaging with companies and learning impactful strategies 

4) Anderson Strategy Group (ASG) – This project takes place over the 2 year MBA program. Students can learn and focus on consulting work while managing projects. 

5) NAIOP Real Estate Case Competition – Taking place over 6 months, students learn assessment of local properties. 

Student Life #

UCLA Anderson was founded on three pillars which influence the student experience. These are: Sharing Success, Thinking Fearlessly, and Driving Change. Students fulfill their MBA experience both on and off campus. Opportunities are always available for students to expand their knowledge portfolio. From international trips to student run clubs and activities, MBA students are a part of a community embracing collaboration, inclusion, authenticity and a desire to succeed. 

Application Requirements #

The admissions committee at UCLA Anderson looks at the individual as a whole when making a decision to accept an applicant. Successful applicants show their desire to not just earn an MBA but to also have a lasting and positive impact on the world. 

Transcript

All applicants must hold a university bachelor’s degree. For admission, applicants should submit scanned copies of their records. Applicants invited for an interview must submit hard copies of their transcripts. 

GMAT/GRE Information

There is no minimum score requirement for the GMAT or GRE for applicants. All scores submitted can be reviewed by the admissions committee. However, the highest score submitted is the most impactful one. 

Foreign Language Requirements

Most international students must submit a TOEFL / IELTS score. Work experience does not count as sufficient english experience. Scores can be no older than 2 years. 

Essay Description

Essays should be used for applicants to share their perspectives and plans. The admissions committee looks for applicants who are reflective and down to earth while answering the essays concisely. There is one required essay for both first-time and re-applicants.

Essay Question 1

How have recent events influenced the impact you would like to make in your community, career, or both? (250)

Optional Essay

Are there any extenuating circumstances in your profile about which the Admissions committee should be aware. (250 words)

Recommendations

2 recommendations are required for applicants. Recommenders should be individuals who can speak to the applicants performance in a professional sense. Direct supervisors or managers are ideal candidates for recommenders. The admissions committee wants to learn about applicants interests, professional past, and future goals and plans. 

Resume 

Most successful applicants have full-time work experience. However, applicants who are in their final year of undergrad are welcome to apply. The admissions committee looks at the quality of work experience of applicants when deciding their decisions. Applicants’ resumes should show how they positively impacted their employment. In addition, applicants should emphasise when they received promotions and/or an increase of responsibility during their time working. Successful applicants tend to have at least 1 year of professional experience. 

Interview 

Interviews are around 30 minutes in length and are conducted by 2nd year MBA students. Questions asked during the interview are in line with the information already submitted in the application. When an interview offer has been extended, applicants must submit official test scores and academic records. 

Fee Description

$200 (non refundable)

Traits to Emphasise/ Core Values

  • Sharing success
  • Thinking Fearlessly
  • Driving Change

Costs #

  • Total Costs: $104,954
  • Tuition: $65,124
  • Books and Supplies: $627
  • Health Insurance: $4,458
  • Room and Board: $21,600
  • Extra Expenses (ie. Transportation/Food): $11,685
  • Fees: $1,460

Class Profile of 2023 #

  • Program Length: 2 years
  • Total Applicants: 3085
  • Total Enrollment: 360
  • Women: 42% 
  • US Minorities: 32% 
  • International Students: 36% 

Undergraduate Degrees

  • Business 26%
  • Engineering 20%
  • Economics 20%
  • Humanities 17%
  • Math/Science 10%
  • Other 7%

Average GPA: 3.1 – 3.8

Average Work Experience: 5 years

Previous Work Locations/Fields

  • High Tech 22%
  • Finance 21%
  • Consulting 21%
  • Consumer Goods 10%
  • Other 26%

Employment Report, Class of 2020

Median Salary: $105,000

Median Signing Bonus: $5,000

Top Industry Destinations

  • Technology (31.8%)
  • Consulting (25.4%)
  • Financial Services (14.4%)
  • Consumer Products (6.4%)
  • Healthcare (4.7%)
  • Entertainment/Media (5.5%)
  • Real Estate (6.4%)
  • Other (2.1%)
  • Government/Education/NPO (2.1%)
  • Energy/Utilities (1.3%)
  • Transportation & Logistics (1.8%)

Top Function Destinations

  • Management Consulting (23.7%)
  • Corporation Finance/Financial Analysis/FP&A (10.6%)
  • Product Management (10.2%)
  • Investment Banking (5.1%)
  • Business/Corporate Development (3.8%)
  • Business Intelligence/Analytics (3.4%)
  • Internal Consulting (3.4%)
  • Operations/Logistics/Supply Chain (3.4%)
  • Product Marketing (3.4%)
  • Real Estate Finance (3.4%)
  • VC/PE (3.4%)
  • All Others (22.8%)

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