Foster School of Business
Seattle, United States
- Cost of Living$ 26,712
- Tuition Fee From$ 47,572
- Country Rank-
- Batch Strength2,500
- Global Diversity-
- Gender Ratio-
Overview
About
The Foster School of Business at the University of Washington is a top-ranked business school located in Seattle, Washington. The school was established in 1917 and has since then developed a reputation for producing world-class business leaders and entrepreneurs. The school offers a range of undergraduate, graduate, and executive education programmes that prepare students to succeed in today's dynamic and complex business environment.
One of the key features of the Foster School of Business is its strong faculty. The school boasts over 120 faculty members, many of whom are renowned scholars and experts in their fields. They are committed to providing students with a rigorous and comprehensive business education that combines academic theory with real-world experience. The faculty members are also actively involved in research, and their work is regularly published in top academic journals and presented at conferences around the world.
Another strength of the Foster School of Business is its focus on experiential learning. The school offers a range of programmes that provide students with hands-on experience in various aspects of business. For example, the school's Consulting and Business Development Center pairs students with small businesses and non-profits in the region, giving them the opportunity to work on real business challenges and make a tangible impact. The school also offers a number of study abroad programmes, internships, and other experiential learning opportunities that allow students to gain a deeper understanding of global business practices and cultures.
The Foster School of Business is also known for its strong network of alumni. The school has over 50,000 alumni from around the world, many of whom are leaders in their industries. The school's alumni network provides students with valuable connections and resources that can help them launch their careers and achieve their goals.
In addition to its academic programmes, the Foster School of Business is also committed to promoting diversity, equity, and inclusion. The school has a number of initiatives and programs that aim to create a more inclusive and welcoming learning environment for all students. These initiatives include diversity and inclusion workshops, student affinity groups, and a commitment to recruiting and retaining diverse faculty and staff.
Ranking
The Foster School of Business at the University of Washington is consistently ranked among the top business schools in the United States. Here are some of the most recent rankings:
- U.S. News & World Report (2022): The Foster School of Business is ranked 20th overall among business schools in the United States. The school's speciality rankings include 9th for Information Systems, 17th for Entrepreneurship, 22nd for Marketing, and 23rd for Accounting.
- Financial Times Global MBA Rankings (2021): The Foster School of Business is ranked 68th in the world and 30th in the United States.
- Bloomberg Businessweek Best Business Schools (2021): The Foster School of Business is ranked 31st in the United States.
- QS World MBA Rankings (2022): The Foster School of Business is ranked 44th in the world and 24th in the United States for its MBA programme.
- Poets & Quants Best Undergraduate Business Schools (2021): The Foster School of Business is ranked 11th in the United States.
Year
QS Ranks
US News Ranks
2023
-
-
Facilities
The Foster School of Business is located at the University of Washington in Seattle, Washington, and offers a range of facilities for its students, faculty, and staff. Some of the notable facilities at the Foster School of Business include:
PACCAR Hall: This is the main building of the Foster School of Business and was designed to be a state-of-the-art facility for business education. It features modern classrooms, a large auditorium, a business library, and a number of other resources for students.
Dempsey Hall: This building is home to the Arthur W. Buerk Center for Entrepreneurship and provides resources for students looking to start their own businesses. The building also features a variety of meeting spaces, classrooms, and study areas.
MBA Career Management Center: This centre provides resources and guidance for students pursuing internships and job opportunities after graduation. It offers resume reviews, mock interviews, and other resources to help students prepare for their careers.
Global Business Center: This centre provides resources and support for students looking to study abroad or engage in international business opportunities. It offers study abroad programs, international internships, and other opportunities for students to gain global business experience.
Foster Business Library: The Foster Business Library provides access to a variety of business resources, including books, journals, and databases. It also offers research assistance and support for students working on business-related projects.
Technology Centers: The Foster School of Business has several technology centres that provide access to state-of-the-art technology and software for students. These centres include the Center for Sales and Marketing Strategy, the Center for Business Analytics, and the Center for Leadership and Strategic Thinking.
Notable Alumni
Courses
Admission
Foster School of Business Entry Requirements
This Business School is a popular choice for many students. Its admissions process is moderately competitive, but requirements vary depending on the programs you wish to study. You can apply from the institution’s official website, or you may have to pay an application fee. Below are the supporting documents required for admission:
Undergraduate requirements
- Official Transcripts
- Certificates and documents demonstrating proficiency
- A GPA of 2.0 on a scale of 4.0 (73-76%)
- At least three Writing Skills Assessment score
- A personal statement of 1000 words
Graduate requirements
- Bachelor's degree in relevant field with a GPA of 3.0 (83-86%)
- Official transcripts of institutes previously attended
- Resume
- GMAT/GRE score- test-optional policy available (for Autumn 2022 and 2023)
- Recommendation letters
Accepted English proficiency test scores
|
English Proficiency Test |
Undergraduate |
Graduate |
|
TOEFL iBT |
83 |
100 |
|
TOEFL pBT |
557 |
600 |
|
IELTS |
6.5 |
7.0 |
|
Duolingo |
105 |
125 |
Foster School of Business Fees
The institution offers programmes at different levels. Listed below are the fees based on various courses -
- Master of Supply Chain Management - $47,500 /Year
- Master of Science in Business Analytics - $49,000/Year
- MBA - $58,000/Year
Placements
The Foster School of Business at the University of Washington has a strong reputation for placing its graduates in desirable positions within various industries. According to the school's most recent employment report for the Class of 2021, 93% of graduates secured employment within 90 days of graduation. The report indicates that graduates from Foster School of Business were recruited by a diverse range of employers, with the top five industries being technology (39%), consulting (23%), financial services (12%), consumer products/retail (7%), and healthcare (5%).
Additionally, the report shows that graduates from the Foster School of Business received a median base salary of $80,000, with some graduates earning up to $180,000. Graduates also received signing bonuses, with a median amount of $15,000. Foster School of Business has a dedicated Career Services team that works with students throughout their academic journey to prepare them for the job market. This includes providing career coaching, hosting networking events, and connecting students with internship and job opportunities. The school also has a strong alumni network that graduates can tap into for career advice and job leads.
Scholarship
Regardless of the programme you are studying, there are several scholarship opportunities provided by the University as well as other organisations. With so many scholarships available now, overseas students can greatly lower the financial burden of studying in a new country. You can apply for scholarships to study at the Foster School of Business through UniScholars. You can find the following types of scholarships based on your academic performance and financial situation:
- Merit-based scholarships
- Need-based scholarships
- Country-specific scholarships
- College-specific scholarships
- Student-specific scholarships
Finances
Most international students are obligated to show proof of sufficient funds to obtain a visa. While some students may have the opportunity to make use of scholarships, not all students cut the eligibility to get a scholarship or a grant. Moreover, not all scholarships cover 100% of your study abroad expenses. At such times, most students resort to acquiring education loans to avoid the financial hassles associated with studying at the Foster School of Business. For Indian students, UniCreds is the ideal education loan marketplace if you’re looking for low-interest rates and free consultation services!
Accommodation
There are several student housing options available for students planning to attend the Foster School of Business. You may select from a wide choice of affordable yet elegant student flats, halls of residence, studios, ensuites, and more! You have the option of staying on campus in the University halls of residence or a private residence. Because of their proximity to the College, on-campus housing options may be ideal; nevertheless, they tend to fill up fast and are more expensive.
UniAcco simplifies the process of finding student housing and offers a variety of options. As a result, students can select from a wide range of available student accommodations near this School of Business, such as luxury studios, en-suites, and shared apartments that are more inexpensive and student-friendly.
Cost of Living
Seattle is a vibrant and exciting city with a lot to offer to students. There are many great universities in Seattle, including the University of Washington, Seattle University, and Seattle Pacific University. The city offers a great combination of education, culture, outdoor recreation, food and drink, and nightlife, making it an exciting and rewarding place to live and study as a student. The overall cost of living in Seattle is 31% higher than the state average and 50% higher than the national average. Housing and rent can be expensive depending on the locality. Students can choose shared accommodation or housing with utilities included in the rent to save money. Below is a list of the expenses that prospective students should keep in mind -
|
Items |
Cost |
|
Off-Campus Accommodation |
$1,445 |
|
On-Campus Accommodation |
$949 |
|
Transportation |
$114 |
|
Food Cost |
$402 |
|
Utility Cost |
$156 |
|
Entertainment |
$52 |
|
Groceries |
$60 |
|
Clothes |
$125 |
|
Health Insurance |
$80 |
|
Total Cost of Living with Off Campus Accommodation |
$2,434 |
|
Total Cost of Living with On Campus Accommodation |
$1,938 |
|
Annual Cost of Living |
$23,260 |