From the School

Rice University’s Jones Graduate School of Business provides forward-thinking education for the next generation of global leaders. A top 20 school, Rice Business is committed to leadership, integrity and authenticity.

Named in honor of the late Jesse H. Jones, a prominent Houston business and civic leader, Rice Business students have the opportunity to work with the bold ideas of our faculty, cut through the complexities of the business world and make breakthroughs, both personally and professionally.

All courses are taught by a team of dedicated, nationally-recognized professors who integrate insights from their own rigorous, peer-reviewed research to help students understand topics in accounting, finance, marketing, organizational behavior and management in the context of today’s ever-changing business landscape. Learn more from our online ideas magazine, Rice Business Wisdom (ricebusinesswisdom.org), for quick articles about why our faculty’s research is relevant to the business of your daily life.

Rice Business students have the chance to:

  • live, study and play on a 300-acre wooded campus;
  • flourish in their choice of degree program, with the same top-notch faculty, in the same building, on the same campus;
  • tailor their education with over 100 electives;
  • intern anywhere in the world;
  • network with corporate giants;
  • grow with alumni mentors worldwide;
  • drive their career plans forward.
Learn more: business.rice.edu

Overview

From The School

Rice Business considers each aspect of the application when making admissions decision. Requirements include: GMAT or GRE (GRE or MCAT for joint degree candidates); TOEFL or PTE for some international applicants; transcripts from educational institutions; resume; confidential evaluations; essays; interview (invitation only); completed application form and application fee.

U.S. applicants: four-year undergraduate degree from an accredited college or university

International applicants: undergraduate degree equivalent to a four-year U.S. degree.

Undergraduate and graduate GPAs, GMAT or GRE scores (GRE or MCAT for joint degree candidates), choice of major, electives, course load, and grade patterns are all considered.

Demonstrated leadership and management experiences, both on the job and through extracurricular activities, help assess leadership potential. At least two years of professional work experience is desired. Confidential evaluations from employers provide perspective on potential student capabilities, enabling us to assess your qualifications more accurately.

Essays articulating career goals, work experience and reasons for choosing the Rice MBA program are a crucial component of the application process and convey intangibles.

Applicants
764
Acceptance Rate
27%
Average Undergrad GPA
3.42
Years Work Experience
5
Average Age
28

Test Scores

GMAT (25th and 75th percentiles)
660 - 720
GPA
3.05 - 3.78

Deadlines


Rolling Admission Deadline
June 5

Round 1
October 5

Round 2
January 5

Round 3
April 5

Other Admission Factors

Academic

GMAT Score
Undergraduate GPA
Letters of Recommendation
Essay / Personal Statement
Non-Academic

Interviews
Extracurricular Activities
Work Experience
Other Factors

School Type And Accreditation

School Type
Private

AACSB-approved
Yes

Selectivity Rating

Overall

From the School

Degrees Offered

Rice MBA, MBA for Executives, MBA for Professionals as well as coordinated MBAs in engineering and professional science and an MD/MBA with Baylor College of Medicine. The Ph.D., Master of Accounting and undergraduate business minor round out the degrees offered.

Academic Programs

MBA formats vary from the Full-Time, Executives (weekends), Professionals (weekends, evening or evening extended).

Faculty

All courses are taught by a team of dedicated, nationally-recognized professors who integrate insights from their own rigorous, peer-reviewed research to help students understand topics in accounting, finance, marketing, organizational behavior and management in the context of today’s ever-changing business landscape. Learn more from our online ideas magazine, Rice Business Wisdom (ricebusinesswisdom.org), for quick articles about why our faculty’s research is relevant to the business of your daily life.


Program Types

Full-Time
Yes

Part-Time
Yes

Evening
Yes

Executive
Yes

Online
No

Faculty Information

Student/Faculty
5:1
Total Faculty
131

53.6
Part-time
46.4
Full-time
23.5
Female


Students Say

The "top-notch" Jones Graduate School of Business at Rice University is renowned for its "rigor" and the "quality education" it provides. And given the program's "generous scholarships," myriad "entrepreneurship opportunities" and "amazing campus culture," it's easy to understand why MBA hopefuls clamor to attend. Beyond entrepreneurship, Rice Business is known for its "strong finance and energy program[s]." The "curriculum offer[s numerous] electives," which allows students to "tailor [their] program to [their] career goals." Some individuals do caution that workload is "heavy," especially "given the mandated core classes requiring students to be well-versed in a wide array of subjects." Nevertheless, they are greeted by "incredible and engaging" professors "who have a strong balance of academic expertise and industry experience." What's more, they continually prove themselves to be "willing to help students outside of the classroom." The "administration is really good at responding to student needs and altering things if needed."


Sustainability

Courses in Sustainability
Yes

Sustainability course is
Recommended

Description
http://business.rice.edu/About_Strategy_Environment.aspx

Research Opportunities in Sustainability
Yes

Description
As an approved independent study course.

School's environmental commitment 1:
Nanotechnology and Sustainability Venture Forum, an annual event, held in February of each year. This forum highlights breakthroughs in energy, medicine and advanced materials. http://alliance.rice.edu/RA2011_2Column.aspx?id=759

School's environmental commitment 2:
Energy & Clean Technology Venture Forum, an annual event, highlights the "Most Promising Energy and Clean Technology Companies http://alliance.rice.edu/2015_Energy_Venture_Forum/

Career overview

From The School

The business school's Career Development Office offers carefully tailored resources for students and alumni. Located in McNair Hall, the office is staffed by dedicated career experts focused on helping job seekers find the right companies. We believe that hiring a Rice MBA graduate means more than simple talent acquisition for our recruitment partners – we see the optimal relationship as a long-term engagement fostering the flow of world-class talent to top companies that benefits both graduates and their employers.

The Career Development Office provides group workshops and works individually with students to ensure they develop the strategy, job search skills, and networking opportunities that will help them succeed in the professional MBA job market. The full-time student's career development begins even before classes start in order to prepare for the summer internship


Average Starting Salary
$111,704
Accepted employment by 3 months after graduation
84%

Finding Jobs & Internships

Source Of Full-Time Job Acceptances
67%
School Facilitiated
29%
Graduate Facilitated
6%
Unknown

Source Of Internship Acceptances
77%
School Facilitiated
23%
Graduate Facilitiated

Graduates Employed by Area of Practice

34%
Finance/Accounting
25%
Consulting
15%
Marketing
12%
Other
9%
General Management
5%
Operations/Logistics

Graduates Employed by Region

84%
Southwest
6%
West
4%
International
4%
South
2%
Mid-Atlantic
2%
Northeast
1%
Midwest

Students Say

The Rice University MBA provides phenomenal "access to the Houston business market." As one thankful individual explains, "[The city is] booming…with every big firm you can imagine operating here and no other MBA programs [in the area with which] to compete." A fellow student agrees, "Career opportunities abound." More specifically, Rice maintains "strong connections to the energy, healthcare, consulting and banking industries." And you are sure to discover a "strong pool of companies recruiting on campus." Certainly, many openings are found through the "very strong and helpful alumni network," as well. Another pleased Rice Business student shares, "[I've received a] 100 percent response rate from alumni to cold emails." Students can easily turn to the school's Career Development Office for support. Interested parties can capitalize on resume workshops, access amazing job boards and gain assistance in implementing a personal career strategy. Top companies that tend to recruit Rice MBA graduates include Amazon, Apple, Chevron, Credit Suisse, Shell, Morgan Stanley, McKinsey & Company, KPMG, GE, Goldman Sachs, ExxonMobil, Google and Deloitte.

Job Function

Job Function % of Grads Seeking Employment Who Accept
Jobs w/in 3 Months
Median Salary Mean Salary Low Base Salary High Base Salary
Finance / Accounting 34% $125,000 $116,714 $75,000 $150,000
Consulting 25% $120,000 $117,040 $75,000 $147,000
Marketing / Sales 15% $102,500 $102,100 $65,000 $135,000
Other 12% $105,000 $115,600 $77,500 $150,000
General Management 9% $98,500 $95,875 $75,000 $115,000
Operations / Logistics 5% $105,000 $93,333 $55,000 $120,000

Industries

Industries % of Grads Seeking Employment Who Accept
Jobs w/in 3 Months
Median Salary Mean Salary Low Base Salary High Base Salary
Financial Services 27% $125,000 $119,123 $75,833 $150,000
Consulting 22% $120,000 $117,889 $82,900 $147,000
Petroleum / Energy 14% $113,500 $116,583 $100,000 $150,000
Technology 14% $102,500 $101,091 $65,000 $140,000
Other 7% $102,500 $110,000 $95,000 $140,000
Pharmaceutical / Biotechnology / Healthcare 6% $80,000 $87,500 $75,000 $115,000
Consumer Products 4% $100,000 $100,200 $95,000 $105,600

Prominent Alumni

Meg Gentle
CEO/President Tellurian Investments, LLC

Keith Anderson
Chairman and Chief Investment Officer, Anderson Global Macro LLC and former Chief Investment Officer for Soros Fund Management

Lee Boothby
Chairman, President and CEO, Newfield Exploration Company

Jim Turley
Retired Chairman & CEO of Ernst & Young (EY), and Honorary Director and former Chair of Catalyst’s Board of Directors (from 2009-2013)

Doug Lawler
Chief Executive Officer and Director, Chesapeake Energy

Overview

From The School

Tuition for the full-time program for the 2016-2017 academic year is $53,000. The total two-year tuition for the MBA for Professionals program for students beginning in fall 2016 is $98,500 (evenings) or $102,000 (weekends). The total two-year tuition for the MBA for Executives program for students beginning in fall 2016 is $115,000.

Over 82 percent of students attending the Full-Time MBA program receive merit-based scholarships. Rice University's Office of Student Financial Services also administers a variety of federally and privately funded loan programs. Rice Business has over 40 distinct, named, merit-based scholarships, including the James W. Crownover Scholarship, The Military Scholars Program and The McNair Scholars Program.

We are thrilled to support military veterans who are making a transition to civilian life after serving our country. This support encompasses scholarships, extensive funding of the Post 911 Yellow Ribbon Program, access to our renowned Veterans in Business Association (VIBA), along with a network of alumni and community members who support our military veterans. Rice Business has been designated a 2016 Military Friendly school by Victory Media.

Dates


Financial Aid Statistics

Average Aid Package
$44,515

Average Scholarship / Grant Aid Package
$29,935

Students Receiving Some Form Of Aid
88%

All Students Receiving Scholarships / Grants
83%

New Students Receiving Some Form Of Aid
88%

New Students Receiving Scholarships / Grants
80%

New Students Receiving Loans
36%

Tuition Full-Time (per year)

Tuition (In-State)
$53,000
Tuition (Out-State)
$53,000
Fees (In-State)
$3,097
Fees (Out-State)
$3,097

Expenses per Academic Year

Estimated Room And Board On-Campus
$13,275
Estimated Room And Board Off-Campus
$15,075
Academic Expenses
$2,600

Student Body Profile

Total Enrollment
617
Part Time
64%


Demographics

9.30%
Minorities
27.90%
International

34% female
66% male

Campus Life

From The School

Rice Business has 35 student clubs with 144 officer positions and more than 130 events annually.

Rice Business Board Fellows places MBA students on local nonprofit boards.

M.A. Wright Fund is a student-run fund where students learn, develop, and apply effective stock analysis and portfolio management risk and return techniques. The Rice Business Plan Competition is the largest and richest graduate-level business plan competition in the world. Week on Wall Street is a New York City trip where students meet with alumni, recruiters and business professionals at banks and other financial services institutions.

Silicon Valley Trek is a trip where students meet with entrepreneurs, venture capitalists and alumni.

Jones EdGE is an intersession abroad during winter, spring and summer breaks.

Students Say

Rice MBA students can certainly expect their social calendar to be chockfull of events. After all, there are "weekly networking parties with food and drink[s]." One student explains, "We are a small class [hence] we all have lunch together on Monday and happy hour on Tuesday [and] we also have a party every Thursday night [that's] usually…sponsor[ed] by a company that wants to recruit on campus." Importantly, Rice is also "extremely active with Greater Houston and partners with non-profit organizations to give back to the community." And of course, "attending sporting events and tailgating is a regular occurrence for the business school" as well. Best of all, this "close-knit" community "welcome[s]" the spouses and children of MBA students with open arms. When it comes to their classmates, Rice Business students have nothing but kind words. The school does a fantastic job of recruiting "amazing" individuals who are destined to become "leaders" in whatever sector they pursue. And while students here hail "from all walks of life," everyone seems to "know when to knuckle down for business." Thankfully, they continue to display "good humor" as well. Rice MBAs are generally "happy to help each other" and an atmosphere of "congeniality" permeates the campus. As this grateful student concludes, "We are a family and have built a network to help each other over the course of our lives."

More Information

% of Classrooms with Internet Access
100%

Campus-wide Internet Network
Yes

Internet Access for All Students
Yes

Admissions Office Contact

From The School


Campus and Location

Rice University is on a 300-acre, tree-lined campus in Houston, Texas, the fourth largest city in the U.S.

Minutes from downtown and the city's world-class theater district, the campus sits across the street from the renowned Texas Medical Center and within walking distance to the museum district, the zoo, Hermann Park and a short train ride to all the major sports arenas.

Facilities

McNair Hall is the 167,000-square-foot home of Rice Business. Centrally located on campus, it houses a state-of-the-art finance center; tiered, high-tech classrooms; a 450-seat auditorium; multiple break-out rooms; a Student Program Office with a dedicated team to assist students with all academic, leadership and social initiatives throughout the MBA experience, and a Career Management Center that supports each student's development of a career plan throughout their time in the program and also serves alumni.


Contact
Sue Oldham
Executive Director of Admissions

Address
MBA Admissions, PO Box 2932 - MS 531
Jones School
Houston, TX 77252-2932
United States

Phone
888-844-4773

Fax
+1-713-348-6147

Email
77005


Articles & Advice