Vanderbilt MBA is an interesting exception among top US MBA programs. While schools have geared towards the 35 to 40% International and 40 to 45% women applicants, Vanderbilt has focussed internally among native and older applicants.
In the first part of the in-depth analysis of Vanderbilt Full-time MBA, we cover:
- Vanderbilt MBA Class Profile
- Vanderbilt MBA - Total Cost
- Vanderbilt Full-time MBA Scholarships and Financial Aid
Vanderbilt MBA Class Profile
The 2023 MBA Class of Vanderbilt comprises 147 students, out of which 29% of students were foreign nationals. 31% of the class were women compared to 42-51% seen in other US Business Schools. The class has competitive GMAT entry criteria - a 690 mean GMAT score and a 3.34 Undergrad GPA score. 2023 entering class had an average work experience of 5.3 years.
| Vanderbilt MBA | Class Profile |
|---|---|
| Class Size | 147 |
| Age Range | 23-43 |
| Median Undergraduate GPA | 3.34 |
| Average GMAT Score | 690 |
| Average Quant/Verbal GRE | 156/157 |
| Women | 29% |
| International Students | 31% |
| Average Years of Work Experience | 5.3 years |
Vanderbilt MBA – Total Cost
The annual tuition fee of the Vanderbilt MBA program is $65,500, with other school expenses such as Transcription Fee ($100), Books & Supplies ($500), Health Insurance ($3491), Maintenance Fee ($1250), Student Services Fee ($582), and Students Health Fee ($738). The annual total school expenses for the MBA program sum to $72,161. Apart from the school expenses, students also need to bear the living expenses of $23,995, including living costs, meals, personal expenses, and transportation.
Vanderbilt's total two-year MBA cost equals $192,312.
| Vanderbilt MBA | Cost |
|---|---|
| Tuition | $65,500 |
| Transcript Fee | $100 |
| Books & Supplies | $500 |
| Health Insurance | $3,491 |
| Maintenance Fee | $1,250 |
| Student Services Fee | $582 |
| Student Health Fee | $738 |
| Total | $72,161 |
Vanderbilt MBA - Average Living Expenses
| Vanderbilt MBA | Living Expenses |
|---|---|
| Rent and Utilities | $12,910 |
| Meals | $6,562 |
| Personal Expenses | $2,997 |
| Transportation | $1,526 |
| Total | $23,995 |
Vanderbilt Full-time MBA Scholarships and Financial Aid
Regardless of the applicant’s financial background, all applicants are considered for merit-based scholarships upon accepting the offer.
Academic achievement, leadership potential, the potential to flourish in a management profession, extracurricular, a history of giving back to the community, and application strength are all factored in when awarding scholarships.
The amount of the Scholarship is disclosed at the time of admission and ranges from $5,000 annually to the full cost of tuition. Candidates may be chosen for fellowships and named Scholarships as a part of the overall funding for the MBA program.
Scholarships
Named Scholarship:
1. Dean’s Scholars Program: Dean's Scholars are given full scholarships for their tuition. Each year, one person is chosen from the cohort to receive the Dean's Scholar Award and an additional $15,000 stipend.
2. OneOwen Inclusion Award: Incoming students who demonstrate the Owen Essentials - Collaborative Community, Trust, Accountability, Transparency, Inclusiveness, Innovation, and Learning will be given the OneOwen Inclusion award.
Fellowships: Vanderbilt collaborates with the Forté Foundation, Prospanica, National Black MBA Association, and Reaching Out MBA (ROMBA) to offer fellowship opportunities. Fellowships may be awarded to students as a part of their overall scholarship package. Only those applicants who wish to be considered for the ROMBA Fellowship are required to submit an additional essay.
| Beneficiary | Scholarship Name | Criteria | Amount |
|---|---|---|---|
| Underrepresented Minority | Access | Candidates from all backgrounds | $10,000 to full tuition |
| National Black MBA Association Scholarship Program | Black students pursuing careers in business, academia, and related professions. | $5,000 | |
| Prospanica | Hispanic professionals | $2,000 to $5,000 | |
| Women | Forté Foundation | Women applicants | Vary |
| LGBTQ | ROMBA Fellowship | Two students from the LGBTQ community | |
| Military | Yellow Ribbon Program | Highly talented veterans | Amount from the tuition that exceeds the national cap. |
| Bass Military Scholars | Highly talented veterans | $30,000 | |
| Cracker Barrel Military Scholarship | Highly talented veterans | ||
| Carter-Owen Military Scholarship | Highly talented veterans | ||
| Taylor Force Memorial Scholarship | Highly talented veterans | ||
| External | Toigo MBA Program | ||
| National Center for American Indian Enterprise Development Scholarships | |||
| American Indian Graduate Center Graduate Fellowships | |||
| American Indian College Fund Scholarships |
Accelerator Alumni Scholarship: Participants in the Vanderbilt Accelerator program get scholarships from the Vanderbilt MBA program for up to $5,000 per year.
Loan
Federal Financial Aid: The central Office of Student Financial Aid administers loans. International students are eligible to apply for private alternate funding sources, but they must have a co-borrower who is a citizen or permanent resident of the United States.
Students can leverage Prodigy Finance and Power Financing as two lenders. The two don’t require a co-borrower from the US.
Partnership with Loan-Scholarship Institutions: Vanderbilt collaborates with several international organizations to provide approved candidates with a guaranteed scholarship if they are awarded a loan scholarship through one of the organizations listed below:
1. Colombia: COLFUTURO offers two MBA applicants a minimum 50% tuition scholarship each year. Corporación de la Unidad de Conocimiento Empresarial will provide a minimum 50% tuition subsidy for any number of MBA candidates.
2. Guatemala: GUATEFUTURO offers up to two MBA candidates a minimum of 30% tuition scholarship per year and up to two MSF candidates a minimum of 15% tuition scholarship per year.
3. Mexico: FUNED for at least $20,000 annual scholarships to five MBA students and at least $10,000 annual scholarships to five MSF candidates.
4. Honduras: HONDUFUTURO for up to two MBA candidates per year to receive a minimum of 30% tuition scholarships, and up to two MSF candidates per year to receive a minimum of 15% tuition scholarships.
Student Employment: There are a few work assignments available for graduate students. The sponsoring professor or office determines the work schedule, which varies from 10 to 15 hours per week.
Other Resources: In addition to scholarships and federal loans, students may consider personal savings, family funds, government or corporate sponsorship, additional loans, grants, and scholarships from outside sources.
Related Services
- F1GMAT's Career Planning Service (See if Vanderbilt is the right MBA program for you)
- F1GMAT's Essay Editing Service for Vanderbilt MBA Application
Reference