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Preparing to Apply for an MBA
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UNC Business School MBA Program Overview (2025)
The University of North Carolina's Kenan-Flagler Business School, located in Chapel Hill, North Carolina, was established in 1919 as the Department of Commerce. In 1991, it was renamed to honor benefactors Mary Lily Kenan and her husband, Henry Morrison Flagler. The school offers a range of programs, including undergraduate degrees, various MBA formats (Full-Time, Evening Executive, Weekend Executive, Charlotte Executive, and Online), a Master of Accounting, and Ph.D. programs. The Full-Time MBA program is STEM-designated, emphasizing analytical and leadership skills to prepare students for the evolving business landscape.
UNC Kenan-Flagler Business School MBA Acceptance Rate
The acceptance rate for the UNC Kenan-Flagler Business School's Full-Time MBA program is approximately 38%. This rate reflects the school's selective admissions process, which considers various factors such as academic performance, professional experience, and leadership potential.
For the MBA Class of 2026, the program received 2,064 applications and enrolled a class size of 249 students. The average undergraduate GPA of admitted students was 3.42, with GMAT scores ranging between 675 and 720 (25th to 75th percentile). The average age of the students was 28, and they had an average of 5.33 years of work experience prior to enrollment.
These statistics underscore the competitive nature of the admissions process at UNC Kenan-Flagler Business School.
Learn more here: UNC Kenan-Flagler MBA Acceptance Rates
UNC Kenan-Flagler MBA Class Profile
- Class Size: 253 students
- Average GMAT Score: 696
- Average Undergraduate GPA (from U.S. schools): 3.42
- Students with Non-Business Backgrounds: 53%
- Female Students: 33%
- Average Age: 28 years
- Average Work Experience: 5 years
- U.S. Minorities: 26%
- Underrepresented Populations: 13%
- International Students: 34%
- Military Background: 14%
UNC Kenan-Flagler MBA Cost — Tuition & Fees
Tuition and Mandatory Fees:
- North Carolina Residents: $55,382 per year
- Non-North Carolina Residents: $74,104 per yearl
Additional Estimated Expenses:
- Books: $920
- Food: $6,372
- Health Insurance: $2,950
- Housing: $13,432
- Miscellaneous: $3,020
- Direct Loan Fee: $266
- Grad PLUS Loan Fee: $912
- Travel: $1,410
Total Estimated Cost (Including Living Expenses):
- North Carolina Residents: $84,665 per year
- Non-North Carolina Residents: $103,386 per year
UNC Kenan-Flagler Business School MBA Employment Report
- Average Base Salary: $140,490
- Average Signing Bonus: $33,422 (85% of students received a signing bonus)
- Job Offers (3 months post-graduation): 83% for all students
- Job Acceptances (3 months post-graduation): 84% for students with U.S. work authorization
Employment by Industry:
- Consulting: 21% (Median Salary: $175,000)
- Financial Services: 21% (Median Salary: $150,000)
- Technology: 14% (Median Salary: $142,000)
- Healthcare (including products & services): 11% (Median Salary: $130,000)
- Energy: 9% (Median Salary: $140,000)
- Real Estate: 9% (Median Salary: $110,000)
- Consumer Packaged Goods: 6% (Median Salary: $125,000)
- Retail: 3.5% (Median Salary: $130,000)
- Transportation & Logistics Services: 2% (Median Salary: $120,000)
- *Other Industries: 3.5% (Median Salary: $87,500)
Employment by Function:
- Finance (Overall): 34%
- Investment Banking: 9% (Median Salary: $175,000)
- Real Estate: 8% (Median Salary: $110,000)
- Industry Finance: 6% (Median Salary: $137,500)
- Capital Markets & Investment Management: 4% (Median Salary: $130,000)
- Private Wealth Management: 3% (Median Salary: $150,000)
- Banking (non-Investment Banking): 2% (Median Salary: $125,000)
- Insurance: 1% (Median Salary: $140,000)
- Private Equity: 1% (Median Salary: $122,500)
- Consulting: 36% (Median Salary: $150,000)
- General Management: 11% (Median Salary: $130,000)
- Marketing/Sales: 10% (Median Salary: $130,000)
- Operations/Logistics: 5% (Median Salary: $141,000)
- Information Technology: 2% (Median Salary: $120,000)
- Other Functions: 2% (Median Salary: $120,000)
Employment by Region:
- South: 40% (Median Salary: $125,000)
- Northeast: 23% (Median Salary: $150,000)
- Mid-Atlantic: 10% (Median Salary: $120,000)
- Midwest: 6% (Median Salary: $129,000)
- Southwest: 8% (Median Salary: $125,000)
- West: 7.5% (Median Salary: $135,000)
- International: 1%
Internships:
- Class of 2025: 99.6% secured internships for Summer 2024
UNC Kenan-Flagler Application Overview
UNC Kenan-Flagler Programs & Degrees
- Traditional, Full-Time MBA: A 21-month, in-person program designed for professionals with an average of 5 years of work experience. Classes commence in August.
- Executive MBA: Tailored for experienced professionals, this category includes:
- Evening Executive MBA: A 24-month program combining in-person and online sessions, starting in September, suitable for professionals with approximately 9 years of experience.
- Weekend Executive MBA: A 21-month program with a blend of in-person and online learning, beginning in January, ideal for those with around 12 years of experience.
- Charlotte Executive MBA: A 24-month program offering a mix of in-person and online formats, starting in September, designed for professionals with about 10 years of experience.
- Online MBA (MBA@UNC): A flexible online MBA program that can be completed in 18-36 months, featuring live and on-demand MBA online classes. There are multiple start dates throughout the year, and it's geared towards professionals with an average of 10 years of experience.
- Deferred MBA: UNC Kenan-Flagler offers a deferred enrollment option for candidates admitted but wishing to postpone their start date. This allows individuals to gain additional work experience or pursue other opportunities before commencing their MBA studies. Specific details and deadlines for deferred enrollment are announced alongside regular application rounds.
- Master of Science in Management: A 10-month program designed for recent graduates with limited work experience, complementing undergraduate studies by providing in-depth business knowledge and practical skills.
- Master of Accounting: Available both online and on-campus, this program is open to students from all majors and professional backgrounds, offering robust recruiting opportunities and career support.
- Undergraduate Business: An application-based program for current UNC students, typically applied for during the sophomore year. It provides a comprehensive grounding in various business disciplines.
- PhD Program: Focused on developing scholars for careers in academic research and teaching.
- Executive Development: Offers non-degree programs aimed at enhancing leadership and management skills for professionals.
- Joint Degrees: UNC Kenan-Flagler provides several joint degree options, allowing students to combine their MBA with other graduate programs, tailoring their educational experience to specific career goals.
- MBA/Master of Public Health (MBA/MPH)
- MBA/Juris Doctor (MBA/JD)
- MBA/Master of Environmental Science and Engineering (MBA/MEM)
- MBA/Master of Global Business (MBA/MGB)
- Other Online Education Programs – Includes professional certificates and executive education courses for working professionals.
UNC Kenan-Flagler Deadlines
| Application Round | Application Deadline | Decision Release Date | Deposit Due Date |
|---|---|---|---|
| Round 1 | October 8, 2024 | December 11, 2024 | February 11, 2025 |
| Round 2 | January 7, 2025 | March 19, 2025 | April 21, 2025 |
| Round 3 | March 4, 2025 | April 23, 2025 | May 19, 2025 |
| Round 4 | April 29, 2025 | May 28, 2025 | June 10, 2025 |
Note: Round 3 is the final deadline for international applicants.
Applications must be submitted by 11:59 p.m. (EST) on the application date. Submitting your application early not only demonstrates your enthusiasm for the program but also increases your chances of securing a spot in the incoming class.
Read: UNC Kenan-Flagler MBA Application Deadlines
UNC Kenan-Flagler MBA Requirements
- Application Checklist
- GMAT/GRE Score - waivers available for qualified candidates
- Transcripts - official required upon admission
- Essays
- Letters of Recommendation - two required
- Resume
- Application Fee - $150, with waivers available
- Interview - by invitation only
- UNC Kenan-Flagler MBA Essays
- Required Essay 1:
- What are your immediate career goals and how will you benefit from earning an MBA at Kenan-Flagler Business School? (500 words)
- As the business world continues to evolve, circumstances can change and guide you in a different direction. Should the goals that you provided above not transpire, what other opportunities would you explore? (500 words)
- Required Essay 2: Reflect on a project or initiative you were involved in that had a significant positive impact on a community, organization, or individual. How did this experience shape your sense of responsibility as a future leader dedicated to making a difference in the world? (500 words)
- Optional Essay 3: “We encourage you to tell us more about who you are so we can get to know you as a person and potential member of the Carolina community.” Use this essay to convey information that you may not have otherwise been able to in the application. Your response should be no longer than 200 words.
- Re-applicant Essay 4: If you are re-applying to the program, we appreciate your continued interest in UNC Kenan-Flagler. We require a complete application in addition to a brief essay that describes how your application differs from your previous submission and alerts us to new test scores, a recent promotion, or other areas that demonstrate how you have strengthened your candidacy. (100 words)
- UNC Kenan-Flagler MBA Interview - After reviewing the initial application, UNC Kenan-Flagler selects candidates for interviews to gain further insights into their qualifications, experiences, and fit with the program. The interview is an opportunity for applicants to showcase their interpersonal skills, communicate their motivations, and demonstrate their readiness for the MBA program. It is essential to prepare thoroughly for the interview by researching the program, reflecting on your experiences, and practicing your responses to common interview questions. A successful interview can greatly enhance your chances of being admitted to UNC Kenan-Flagler.
Read: How to Nail Your UNC Kenan-Flagler MBA Interview: Overview, Questions, & Tips
- UNC Kenan-Flagler MBA Letters of Recommendation - UNC Kenan-Flagler requires two letters of recommendation from individuals who can provide insights into the applicant's professional accomplishments, leadership potential, and ability to contribute to the program.
Read: UNC Kenan-Flagler MBA Letters of Recommendation Guide - Questions, Tips, & Examples
UNC Kenan-Flagler MBA Curriculum & Class Structure
The UNC Kenan-Flagler MBA program offers a comprehensive curriculum designed to equip students with essential business skills and leadership capabilities. The program spans two years, blending core courses, electives, and experiential learning opportunities.
Year 1
- Core Courses: Students engage in foundational subjects covering finance, marketing, operations, strategy, and leadership.
- Leadership Development: The program emphasizes leadership through workshops, assessments, and personalized coaching.
- Experiential Learning: Opportunities like the STAR program (Student Teams Achieving Results) enable students to work on real-world consulting projects for corporate clients.
Year 2
- Elective Courses: Students customize their education by selecting electives aligned with their career goals and interests.
- Global Opportunities: Options such as global immersions and exchange programs provide international business experience.
- Capstone Projects: Students participate in integrative projects that synthesize learning across disciplines to address complex business challenges.
How to Get Into UNC Kenan-Flagler Business School
Demonstrate Leadership and Impact
Admissions committees seek candidates who have a track record of leadership and the ability to drive meaningful change. Whether through professional achievements, community service, or entrepreneurial ventures, showcase experiences where you’ve led teams, initiated projects, or significantly contributed to an organization’s success. Highlight specific challenges you’ve overcome, the impact of your leadership, and how these experiences have prepared you for an MBA at UNC Kenan-Flagler.
Showcase Academic and Professional Excellence
A strong academic background and relevant work experience demonstrate your ability to handle the rigors of an MBA program. While a high GPA and GMAT/GRE scores can help strengthen your application, your professional journey is equally important. If your academic record isn’t perfect, highlight career achievements, promotions, industry certifications, or specialized skills that showcase your intellectual capabilities and professional growth. UNC Kenan-Flagler values applicants who bring analytical, problem-solving, and strategic thinking skills to the program.
Articulate Clear Career Goals
Defining your short-term and long-term career objectives is crucial in demonstrating your fit for the program. Clearly explain why you need an MBA from UNC Kenan-Flagler to achieve these goals. Research the school’s curriculum, career support, and networking opportunities, and connect these elements to your aspirations. The admissions committee wants to see that you have a well-thought-out career trajectory and that their program is the right fit for your ambitions. Being specific about the industries, roles, or companies you’re targeting will strengthen your case.
UNC Kenan-Flagler Notable Alumni & Faculty
Alumni
- Hugh McColl Jr. (BSBA '57): Former Chairman and CEO of Bank of America Corporation.
- Julian Robertson (BSBA '55): Founder of Tiger Management, a pioneering hedge fund.
- Jason Kilar: Co-founder and former CEO of Hulu.
Faculty
- Valarie Zeithaml: David S. Van Pelt Family Distinguished Professor of Marketing, renowned for her work in services marketing and service quality.
- Jan-Benedict Steenkamp: Knox Massey Distinguished Professor of Marketing, expert in global marketing and branding strategies.
- Eric Ghysels: Edward M. Bernstein Distinguished Professor of Economics, known for his contributions to financial econometrics and time series analysis.
Get Into UNC Business School With the Help of Experts
The UNC Kenan-Flagler MBA admissions process is competitive, requiring a strong application that highlights leadership, academic excellence, and career clarity. Working with an experienced MBA admissions coach can provide invaluable insights, personalized feedback, and strategic guidance to strengthen your application. From crafting compelling essays to preparing for interviews, expert coaching can significantly increase your chances of acceptance.
Here are three of the most popular MBA admissions consultants for UNC Business School. Browse all here:
- Michael D. — A current MBA student at Kellogg School of Management with a background in management consulting and leadership roles in high-growth startups. He has successfully coached applicants, particularly those from over-represented demographics or with non-traditional backgrounds, to gain admission to top business schools.
- Victoria R. — An MBA graduate from Columbia Business School and a former Forte Fellow, Victoria has experience in strategy and retail at companies like Tapestry and Deloitte Consulting. She has coached numerous individuals through the MBA application process, offering guidance on application strategy, essay writing, and interview preparation.
- Mike H. — With 18 years at Stanford Graduate School of Business, including roles as Executive Director of the Center for Leadership Development and Research and Director of the MSx Program and Admissions, Mike brings extensive admissions experience. He has been involved in various initiatives at Stanford and offers deep insights into the MBA admissions process.
UNC Kenan-Flagler FAQs
Here are some commonly asked questions about the UNC Kenan-Flagler MBA program:
What concentrations are available in the Full-Time MBA program?
- UNC Kenan-Flagler offers thirteen concentrations, including Data Analytics and Decision Making, Entrepreneurship, Finance, Management and Leadership, Marketing, and Strategy and Consulting. Students can select up to two concentrations to tailor their MBA experience.
Is the Full-Time MBA program STEM-designated?
- Yes, all UNC Kenan-Flagler MBA programs are STEM-designated, reflecting the analytical rigor of the curriculum.
Can I pursue a dual-degree program along with the MBA?
- Yes, UNC Kenan-Flagler has dual-degree programs arranged with several graduate schools at UNC and Duke University. In some cases, they can accommodate dual degrees with other UNC graduate programs requiring two or more years of study.
Are there prerequisite courses required for admission?
- No, the Full-Time MBA program does not require applicants to take prerequisite courses. However, admitted students are expected to have foundational knowledge of key business and finance concepts. UNC Kenan-Flagler offers Business Foundations in the summer before orientation to help sharpen these critical skills.
Does UNC Kenan-Flagler offer an online MBA program for working professionals?
- Yes, the innovative online MBA@UNC makes the UNC Kenan-Flagler MBA accessible to working professionals who are unable to make regular visits to the Chapel Hill campus for in-person coursework.
Is the Evening Executive MBA Program accredited?
- Yes, all UNC Kenan-Flagler MBA programs, including the Evening MBA format, are fully accredited by AACSB International (Association to Advance Collegiate Schools of Business), the premier accrediting agency for business schools.
Can I tailor the MBA program to my specific career goals?
- Yes, UNC Kenan-Flagler offers a broad selection of electives. As an MBA student, you may take up to 12 elective courses, accounting for about 40% of your total credit hours, giving you the ability to tailor your coursework to your goals and interests.
Does the program schedule allow for business travel?
- Yes, UNC Kenan-Flagler offers different MBA formats with varying schedules. Many students regularly travel for work and find that the Executive MBA programs provide flexibility to pursue their MBA without impacting work-based travel demands.
Are there opportunities for experiential learning in the MBA program?
- Yes, UNC Kenan-Flagler emphasizes experiential learning through programs like the STAR program (Student Teams Achieving Results), where students work on real-world consulting projects for corporate clients.
How does the online MBA compare with UNC's other MBA formats?
- UNC Kenan-Flagler Business School offers a portfolio of degree formats that enable students with a range of backgrounds, objectives, and scheduling requirements to access UNC Kenan-Flagler’s top-ranked MBA. Whichever program you choose to pursue, you’ll receive the same UNC Kenan-Flagler MBA degree.
Who will my classmates be in the MBA@UNC program?
- Your MBA@UNC network will comprise global professionals living and working around the world. UNC Kenan-Flagler looks for candidates with strong professional and academic backgrounds who can thrive in UNC’s collaborative, team-based environment.
How long will it take to complete my degree in MBA@UNC?
- Students have the flexibility to complete the program in as few as 18 or as many as 36 months. Students who take two courses per quarter during the core, and four courses per quarter during electives will complete the program in 24 months.
Does the Evening Executive MBA Program offer career coaching and individualized guidance?
- Yes, Evening Executive MBA students receive an individualized career coaching session that focuses on identifying your leadership style, along with your strengths and areas for improvement. The session is built around the results of a 360 assessment and is designed to give you the self-awareness and perspective to expand your long-term leadership potential and set you up to prepare your Professional Development Plan.
Can I apply if I don’t have a background or undergraduate degree in business?
- Yes, generally, over half of UNC Kenan-Flagler's students come from a non-business background.
Does the Full-Time MBA program at UNC Kenan-Flagler offer spring admission?
- No, UNC Kenan-Flagler only offers one program start each year in the fall.
