The University of North Carolina at Chapel Hill is an outstanding example of a transelite program. In many ways it the equal of many elite schools yet it is somewhat easier to gain admission to UNC. Students who are interested in the elite schools of the US should certainly consider UNC seriously, not as an inferior substitute but as a viable alternative with similar qualities.
Academic Calendar: Modules (4 per year)
The first module is precribed.
Selectives begin in the Second Module.
True Electives can be taken in the Third Module.
For information about the Chapel Hill area see the following link:
The center of the distribution is near 670/3.3.
Raleigh-Durham-Chapel Hill is more expensive than some b-school locations, but the overall COL is still less than half that of NYC. Housing is less than a third as much.
The Raleigh-Durham economic area #24 in the US, larger than that of Cincinnati and roughly the same size as Sacramento (CA).