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Frequently Asked Questions

How do I apply for admission?

Submit the online application form. You may print out the application and mail to the address listed on the back of the form, with the non-refundable application fee of $50. We also need an official transcript from each school you have attended, an official copy of your GMAT scores and a copy of your current resume.

If you are an international applicant, you must submit an official copy of your TOEFL score, a Declaration and Certification of Finance Form, and an Authorization for Issuance of I-20 form. These forms can be found here.

If you are a current Law School student and want to apply to the joint degree program (JD/MBA), please make an appointment to speak with someone in the graduate studies office for additional information.

What are the admission requirements?

To be considered for admission to the MBA program, you must have a bachelor's degree (international students must have the equivalent of a US bachelor's degree), a minimum of two years of work experience beyond your baccalaureate degree (the work experience requirement is waived for the JD/MBA student) and an acceptable GMAT or GRE score. The score must be no more than five years old at the time of application. Information on the GMAT may be obtained from www.mba.com. In recent years, the average GMAT score for incoming students has been approximately 605.

In a few exceptional cases, a waiver of the GMAT/GRE requirement may be granted to candidates who have significant work experience. To request a waiver before applying, please contact Randy Raggio, MBA director, at rraggio@richmond.edu.

We will consider several factors in reviewing each request for a waiver. These factors include an applicant’s work experience and current job responsibilities, previous academic coursework, especially at the graduate level, and professional certifications.

What are the minimum requirements for GMAT and GPA?

We do not have definitive rules. The average GMAT score for entering students is 605 and the average GPA is 3.3.

I do not feel that my undergraduate GPA adequately reflects my ability to complete graduate work. If I enroll in some undergraduate courses before applying for admission to the MBA program, would my grades help my chances for admission?

No. We look at all aspects of an applicant's file to evaluate their ability to complete graduate course work. Taking additional undergraduate courses is not particularly helpful since there is a great difference between undergraduate and graduate level courses. Your best strategy is to prepare thoroughly for the GMAT.

Can I apply immediately after completing my undergraduate degree?

Applicants must have a minimum of two years of work experience. The average length of work experience for students in the program is six years. The work experience requirement is waived for the JD/MBA student.

May I just take a class or two without being admitted to the program?

No. One important aspect of our program is the rich interaction between students and faculty. Accordingly, class size is limited and only students accepted into the program are allowed to enroll.

What is the tuition?

For the 2017-18 academic year tuition is $1,440 per credit hour.

What financial aid is available?

Students may be eligible for a variety of forms of financial aid, including both need-based and credit-based aid and Virginia Tuition Assistance Grants. Additional information is available from the Financial Aid Office at (804)289-8438. Partial scholarships are available to highly qualified applicants.  For more information, please contact Randy Raggio, MBA director, at rraggio@richmond.edu

When can I begin my classes?

Students may start class work in the spring or fall semester. All entering students must attend the Opening Residency, held over two weekends in late August.

What is the pre-course instruction?

This is an online study series that contains background material on various topics. Once you have been admitted to the program you will be provided with access information.

What is the Opening Residency?

This is an intensive program designed to give students a broad overview of the areas of study in the MBA program. The residency takes place over two weekends in late August, carries 2.0 hours of course credit and is graded on a pass/fail basis. Students attend presentations by faculty in various disciplines and work in teams to analyze a "live" case, based on a real company and a current business. The residency ends with a case competition judged by industry representatives.

If I cannot attend the Opening Residency can I still start the program?

Students who start the program in the fall will take Opening Residency as their first class. Students who start the program in the spring will take Opening Residency in the fall.

I have an undergraduate degree in business. Can I be exempted from some MBA classes?

No. There are no exemptions in The Richmond MBA program.

What courses should I take first?

Students are encouraged to take MBA 501 Financial Accounting, MBA 504 Statistical Analysis for Business, MBA 506 Economics for Managers and MBA 510 Financial Management during the first year in the program. There is no required sequence of courses, but students are not allowed to enroll in classes for which they have not completed the prerequisites.

I have completed some classes in another MBA program. Can these credits apply to requirements to my degree at University of Richmond?

The normal expectation is that all work for the MBA degree will be completed at the University of Richmond. However, in certain cases, up to 9 hours of transfer credit may be granted for graduate-level courses completed at another AACSB-accredited school of business at the discretion of the Program Director.

What is the International Residency?

The International Residency is an intensive, in-depth look at the unique challenges of conducting business internationally. The International Residency is focused around a project related to either a local business with international interests or an international company. Students travel to an international location where they meet with local business people, academics and government officials, visit local companies, and gather information relevant to the project. The students then return to the US to complete the project.

When do classes meet?

A full semester (14 week) course meets on weeknights from 6:15 p.m. – 8:55 p.m.

A half semester (7 week) course meets from 6:15 p.m. – 9:45 p.m.

Summer courses meet one or two nights weekly for 7 weeks.

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The Richmond MBA

Robins School of Business
Graduate Studies Office (MBA)
1 Gateway Road
University of Richmond, VA 23173
(804) 289-8553
mba@richmond.edu