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Winter 2003 CalBusiness  
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Incoming MBA Class Highest Achieving Ever

The full-time MBA class of 2004 is the highest achieving class in Haas School history, according to statistics released in August. This is on top of another distinction for this year’s class: the MBA Program received more applications this year than ever before.

The average GMAT score of the incoming MBA class is 703 (out of a total 800), the first time the average has exceeded 700. The average undergraduate grade point average (GPA) for the new students is 3.55 (for US students).

The full-time MBA program received a record 4,473 applications this year – a 37% increase over last year. The program accepted 497 applicants, and enrolled 241 students – creating an ultra competitive 11% acceptance rate.

The class of 2004 represents over 140 undergraduate institutions, including Princeton, Stanford, UCLA, MIT, Harvard, Duke, and Cal.

The class is geographically diverse, with students coming from all over the United States and representing 36 countries, including Bulgaria, Italy, France, China, Chile, Trinidad and Tobago, Pakistan, Ukraine, New Zealand, Canada, and Nigeria.

Pete Johnson, co-director of full-time admissions notes that while all of the incoming students are exceptional, certain student stories stand out. “One student was on MIT Business Plan Competition’s winning team as a third year undergraduate,” he said. “Another student was selected as one of 20 top future CEOs in Brazil,” he continued, “while another was selected as one of Venezuela’s 100 best managers.” One entering student was featured in a New York Times Magazine article entitled, “The Venture Capitalist in My Bedroom.”

The reason for the high achieving class: “The more applications we receive, and the stronger the applicant pool, the more highly selective we are able to be,” said Co-Director of Full-Time Admissions Jeff Pihakis.

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Key Full-Time MBA Class of 2004 Statistics
Average age:28 years
Average of post-undergraduate work experience:5.1 years
Ethnic minority students:22%
International students:34%
Average salary being left behind:$77,174

The Entering Class Includes:
2Fulbright Scholars
1Muskie Fellow
1Ron Brown Scholarship Recipient
2Ford Fellowship recipients
4Chevron Scholarship recipients
11Consortium for Graduate Study in Management Fellows
38Haas Merit Scholars
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