Darden School of Business (University of Virginia)

The Darden School of Business is the b-school of the University of Virginia, a public university located in Charlottesville, Virginia. Founded in 1955, it offers MBA, doctoral programs, and Executive Education programs.

It takes its name from the University of Virginia’s former president and is home to more than 1,000 students. A third of its students are foreign nationals from across the globe.

Renowned for its Executive Education programs, it has more than two million online students. The school offers four graduate and 11 dual degree programs. MBA is its most popular program. The alumni of the university include the honchos of reputed companies and organizations.

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The school has multiple intakes throughout the year to admit students. Students wanting to join it should pay a non-refundable fee of $250. Its acceptance rate is about 25%.

Rankings of Darden School of Business

According to The Economist 2022, it ranks #8 in the ‘Global: Overseas Study’ list, and as per US News 2022, it ranks #13 in all the business schools.

Main Features

University Type	Public University
Establishment Year	1955
Applications Accepted	Online
Application Fee	$250
Application Season	Multiple intakes
Acceptance rate	25%
English language proficiency score	TOEFL or equivalent
Website	www.darden.virginia.edu

 The Campus of the Darden School of Business

• The Darden School of Business’s Campus is located about two hours away from Washington DC. The campus houses a full-service hotel, dining facilities for 400 individuals, a video production unit, the Camp Library, and a 450-seat auditorium.
• The school has campuses also in San Francisco Bay Area and Shanghai.
• The university allows students to gather practical knowledge via the events conducted by it like webinars, workshops, and seminars. The students can freely access the library and also consult the alumni for clarifications.
• The campuses of the school are called Grounds and house the Academical Village, lawn rooms, the Rotunda Library, gardens, Darden UVA Bookstore, and Inn at Darden.
• Students can involve themselves in more than 40 clubs and organizations, such as the Network of Executive Women, the Intramural Sports Club, and the Black Executive MBAs.

Accommodations at the Darden School of Business

Darden School of Business offers limited on-campus housing facilities. More off-campus choices are available to them in apartments on Arlington Boulevard, Belmont, Downtown Mall, Ivy Road, etc. The other housing options available to the candidates are as follows.

• Copeley Hill Apartments: It is available to single or married students with single, double, and three-bedroom options. All the rooms are furnished well and have Wi-Fi connections.
• Faulkner Drive Rooms: It has seven single occupancy rooms, with each bedroom having a private bathroom. It is priced at $660 per month.
• Piedmont Apartments: It offers single bedrooms at a price of $900 per month and non-furnished double bedrooms at $1080.

• It offers the following facilities – (Furnished and unfurnished) single & three-bedroom apartments with basic amenities, etc.
• Full private baths (Faulkner Drive Rooms)
•  In the apartment complexes on Arlington Boulevard, Ivy Road, and Old Ivy Road, there are rooms available for students at $650 -$18,176 and meals pans for about $4,950.
• International students wanting to avail of on-campus accommodations can check for options on the UVA Housing Applications page. Students need to apply through DVA NetBadge, followed by submission of an application form, bank statement, and a passport copy.

Courses Offered at Darden School of Business

The school offers various courses for international students including four graduate degree programs and 11 dual degree programs for students. Included in its full-time courses are MBA, Global Executive MBA formats, Executive MBA, and MSBA, among others. The dual degree programs offered by it include MBA/JD, MBA/MD, MBA/MSDS, etc.

Some of the school’s popular programs are as follows:

1. Two-year MBA program: It is a full-time program of 21 months
2. Executive MBA program: This is a combination of a physical and online program and the student has to attend the school once a month during a weekend
3. MS in Business Analytics: It is a 12-month graduate program that is offered through both physical and online means.
4. PhD program: This is a lengthy program covering the study of ethics, leadership, entrepreneurship, and skills.

An open program is offered by the school for individuals who want to learn it leisurely. The school also provides individuals with a minimum of 12 years of experience in the business domain an opportunity to gain knowledge about strategic leadership.

Its Executive MBA program is offered in a hybrid manner with physical and online with its six Executive clubs. The core syllabus is taught via the Case Method.

Application Process of the Darden School of Business

Application Portal: Apply online on the official website.

Application Fee: The application fee is $250.

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Requirements of Admission:

The students need to submit the following documents when applying to the school.

• Educational transcripts
• The applicants should have a GPA of at least 3.5.
• The students have to submit the standardized score of the GMAT or GRE while applying with minimum scores of 713 on the GMAT and 160 on the GRE.
• Scores of proficiency in the English language like IELTS or TOEFL or PTE score is a must for applicants hailing from countries where the native language is English. However, the university does not specify any minimum scores for these tests.
• A minimum of two letters of recommendation (LORs) for the applicants.
• CV/Résumé
• Statement of Purpose (SOP)
• Financial declaration proving the ability to meet the educational expenses.

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Cost of Attendance at Darden School of Business

For aspiring students of the school who want to apply, the expected budget to study in the US is as follows:

Tuition & Fees	Amount (in USD)
Tuition	72,800
Health Insurance	2,814
Meals	5,000
Living Expenses	18,214
Darden MBA Case Fee	2,000
Computer	1,500
Transportation	4,000
Books and Supplies	3,000

 

Scholarships and Financial Aid Provided by the Darden School of Business

The school provides financial assistance for foreign students by way of loans and scholarships. The loans provided by the school include:

• Custom Graduate Loan: Offered by Discover bank, this loan’s maximum limit is $98,000 and the repayment process starts nine months after graduation.
• Prodigy Finance Loan: This loan pays for up to 80% of the cost of attendance and the process of repayments begins six months after graduation.

International students have a range of scholarships for them and merit scholarships are offered to all applicants.

•       International Business Society scholarships: A need-based scholarship accessible to natives of Africa, Eastern Europe, South America, and Southeast Asia.

Batten Scholars Programs: It is a merit-based scholarship offered to all the applicants who are students of the two-year MBA program. This scholarship is given to students who demonstrate entrepreneurial and leadership skills.

• Utt Family Scholarship: It is a merit-based scholarship for the school’s students who demonstrate leadership skills in the military and athletic service fields.

The other types of awards that students can get at the school are as follows:

• Darden Jefferson Fellowships are awarded to students who show outstanding skills in ethical leadership, diplomatic decisiveness, etc.
• Madison & Monroe Scholarship is available for all students.
• Franklin family fellowship is a scholarship granted to students from the APAC regions who demonstrate academic potential.

Placements at Darden School of Business

• More than 90% of the students have been placed within the completion of three months of their graduation with a salary beginning at $127,767.
• The school carries out workshops and mock interviews for students so they get used to the placement process.
• Candidates are geared up for internships beginning from the first year in industries, including consulting, energy, retail, and technology, and. All students get internships for the summer.

Alumni Network of Darden School of Business

The alumni are offered services for a lifetime after they graduate, including the Alumni Career services support and access to the databases of the library.

Application Deadlines of the Darden School of Business

Program	Application Deadline	Fees
MBA	Round 2 Application Deadline (5th Jan 2022)	$75,948  per year
MSc Business Analytics	Fall (1st May 2022)	$66,589  per year