John M. Olin School of Business (Washington University)

Washington University #

Year Founded: 1917

Average GMAT: 700

City: St. Louis

State: Missouri

Country: United States

About #

John M. Olin School of Business is a part of Washington University. Students at Olin are challenged to look beyond the bottom line. Olin encourages an environment where they learn to balance data and guiding principles. Through experiential learning and analytical rigor, students learn to tackle modern challenges in an impactful way. Olin embraces an entrepreneurial spirit that drives the research, academia, and innovation of the university community. Olin’s four principles are:

  • Values-Based, Data-Driven
  • Global Outlook
  • Experiential Learning
  • Entrepreneurial Spirit

Featured Professors #

Catherine Dunkin

Professor Dunkin is a professor of practice in communications. Her research interests include Business Communication, Entrepreneurship, Values-Based Leadership, and Collective Impact. She is active on campus and is the co-curricular Team Leader of [email protected] as well as the faculty advisor for Olin Women in Business. She is the recipient of numerous awards, including the St. Louis Media Hall of Fame in 2014, and Inc. 5000 Fastest-Growing Companies in 2007.

Brett Green

Professor Green is an Associate Professor of Finance. His expertise is in Economics, Microeconomics/Industrial Organization, Corporate Finance, Finance/Investment, Financial Economics, and his research includes financial economics, information economics, corporate finance, contract theory, Development Economics, and Sports economics. He is well-published, with his work appearing in the Journal of Financial and American Economic Review among others.

Ranking #

Financial Time 2021 Global MBA Ranking: #25

USNews – Best Business Schools: #36

USNews – Part-time MBA: #14

QS Global MBA Rankings 2021: #70

MBA Program Overview #

With options to earn a STEM MBA or STEM-designated dual degrees which take an equal time as the regular full-time MBA. Through experiential learning, MBAers learn an entrepreneurial mindset which helps them succeed in the face of any business challenge. Global curriculum defines the MBA program and helps mold the next generation of leaders. Students Gain insights into how business is conducted around the globe and how to communicate and engage cross-culturally. Decision-making based on evidence-based insights and deeply held values prepares students to not only be a part of the change but to lead it as well.

Year One Description #

The first year at Olin is broken down into three semesters. Summer, Fall, and Spring. Out of the 67 credits needed to graduate, 41.5 of them are required. Most required courses are completed within the first Summer and Fall semesters. Courses during the first year prepare students for their summer internships.

Fall Semester Mandatory Classes

  • Values-Based/Data Decision-Making
  • Global Institutions and Values
  • Foundations of Impactful Teamwork
  • General Management Practice for International Business
  • Managerial Economics
  • Financial Accounting

Spring Semester Mandatory Classes

  • Strategic Cost Analysis
  • Business Analytics

Year Two Description #

During the second year, students have the flexibility to design their course load to better suit their needs. The only required courses over the course of the year are Leadership Development and The Global Business Environment in the 21st Century.

Costs #

Total Costs: $95,696 (1st year), $90,918 (2nd year)

Tuition: $64,575

Books and Supplies: $5,100 (Both years)

Health Insurance: $621 per year (Central Services and Health Fees)

Room and Board: $49,176 (both years)

Scholarships Offered: All applicants considered for merit-based scholarships

Fees: $900 (for both years)

Employment Report #

Received an Offer: 70% after 3 months

Median Salary: $118,000

Top Industry Destinations

  • Technology 29%
  • Consulting 20%
  • Financial/Insurance 12%
  • healthcare 9%
  • Manufacturing 9%
  • Consumer Packaged Goods 6%
  • Nonprofit 6%
  • Energy 4%
  • Other 4%

Top Function Destinations

  • Consulting 30%
  • General management 17%
  • Finance 17%
  • Operations 12%
  • Marketing 10%
  • Accounting 3%
  • IT 1%
  • Sales 1%
  • Other 7%

Location Destinations

  • Midwest 50%
  • West 19%
  • Northeast 10%
  • Southwest 10%
  • South 6%
  • Mid-Atlantic 3%
  • International 2%

Class of 2020 Profile #

  • Program Length: 2 years
  • Total Enrollment: 90
  • Average Age: 27
  • Women: 46%
  • U.S. Minorities: 28%
  • International Students: 36%

Undergraduate Degrees

  • Natural/Social Sciences: 46%
  • Business/Economics: 26%
  • Engineering: 20%
  • Humanities: 6%

Average GPA: 3.4

Average Work Experience: 3.4 years

Unique Aspect #

Global Perspective and Experience

All students at Olin’s MBA program must participate in a 6-week, global immersion experience. Students are given the opportunity to broaden their experience while gaining first-hand knowledge of business and markets around the world. Previous global immersion destinations have included:

  • Washington D.C.
  • Barcelona
  • Paris
  • Lima, Peru

Students may also participate in a regionally focused study abroad opportunity. Various programs, Africa Business Landscape, Asian Business Networks, and the Madagascar Sustainability Initiative and International Practicums, are all offered to students who wish to take their intercultural experience further.

Experiential Learning

Learning at Olin is guided by the Center for Experiential Learning (CEL) and the Skandalaris Center for Interdisciplinary Innovation and Entrepreneurial Studies. The majority of MBAers complete a CEL practicum. These experiences allow students to take their theoretical learning and transform it into practice. Teams undertake a project where they come up with smart solutions to management challenges for non-profits, NGOs, and startups.

Student Life #

At Olin, students will find a dedicated and supportive faculty, as well as a collaborative and team-based educational approach. Olin has a strong relationship with St. Louis’ business community, meaning students have a host of opportunities at their fingertips. From Missouri’s Botanical Garden to Laumeier Sculpture Park, students can experience all St. Louis and Olin have to offer them.

Application Process #

Transcripts

Unofficial Required

GMAT/GRE Info

Accepts GMAT or GRE

Foreign Language Requirements

Non-U.S. and Non-U.S. permanent Citizens and applicants whose native language is not English.

Essay Description

Three Required Essays

Essay Question 1

To move past the impossibilities and create the next breakthrough we must first understand where we started. Reflect on your story and experiences. Help us understand who you are. What is important to you and what drives you to do more? (350-word maximum)

Essay Question 2

In the space that lies between statistical evidence and carefully honed ethics—in a place where numbers and people intersect—we find incredible opportunity and untapped potential. Share with us your untapped potential and help us understand how Olin can help you achieve your post-MBA goals. (500-word maximum)

Essay Question 3

At Olin, we build conscientious leaders who take extreme care to create a community of inclusion, respect, and collaboration so that each person’s value can be fully recognized and realized. Please share your passions, hobbies, interests, greatest accomplishments, and/or achievements. (100-word maximum

Optional Essay

Optional: Is there anything else you would like to share? If so, please provide any additional information not previously addressed in the application that would help the admissions committee assess your candidacy. (250-word maximum)

Recommendations

One recommendation is required as part of the process. A recommender should be an individual who has experience with the individual in a professional setting and can speak to their strengths.

Resume

One-page resume.

Interview

Video interview is required.

Fee description: None required.

Traits to Emphasise Core Values

  • Business minded
  • Diversity

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