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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 Amanda Ennis, MBA Program Manager, at aennis@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 eight 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 that a cohort-based program provides.

What is the tuition?

Current tuition is $1,440 per credit hour. This results in a total cost of the degree of about $65,000.

What financial aid is available?

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 Amanda Ennis, program manager, at aennis@richmond.edu. 

When can I begin my classes?

Students start class work in the 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.

I have an undergraduate degree in business. Can I be exempted from some MBA classes?
Students who have a degree in accounting, economics, or another business subject may be exempt from taking the Core Course covering that subject. For example, a student with a degree in Finance may be exempt from MBA 510 Financial Management; a student with a degree in accounting may be exempt from MBA 501 Financial and Managerial Accounting. Under such circumstances, the student will be required to take elective course(s) to replace the credit hours of the Core Course from which the student is exempt. Written approval by the Director must be obtained in advance if a student desires to substitute elective coursework for a Core Course requirement.
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 during the week of Memorial Day 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?

All classes start at 6:15 p.m. and meet one evening per week. Depending on the number of credits and teh semester calendar, some classes end at 8:55 while others end at 9:45.

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The Richmond MBA

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