2007 UNDERGRAD PROFILE
Cornell University
Undergraduate Business Program
Dept. of Applied Economics and Management
B-School and Program Basics
| Address: | Warren Hall Cornell University Ithaca, NY US 14853-7801 |
Program E-Mail |
Program Web site |
Undergraduate Business Program is a public institution.
Undergrad business program was founded:
Accredited by AACSB International
Classes begin:
| Fall Semester | 08/23/2007 |
| Fall Semester | 08/23/2007 |
| Spring Semester | 01/21/2008 |
| Fall Semester | 08/28/2008 |
Enrollment
| Total undergraduate business school enrollment | 682 |
| Total full-time undergraduate business students | 682 |
| Total part-time undergraduate business students | 0 |
| Total distance undergraduate business students | 0 |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 30% |
| International students | 7% |
For U.S. schools only: |
|
| African American students | 12% |
| Native Americans | 2% |
| Asian Americans | 3% |
| Hispanic | 5% |
| White (non-Hispanic) | 53% |
| Unknown | 25% |
| Other | 0% |
U.S. students by region:
| Mid-Atlantic U.S. | 11% |
| Midwest U.S. | 9% |
| Northeast U.S. | 68% |
| South U.S. | 2% |
| Southwest U.S. | 2% |
| West U.S. | 7% |
| U.S. Possessions and territories | 1% |
Citizenship:
| U.S. | 93% |
| Canada | 6% |
| Other | 1% |
| Unknown | 0% |
CLASS TRAITS: MOST RECENT ENTERING CLASS
| Does the school require standardized tests, such as the SAT or ACT? | No |
SAT Scores for full-time entering business students |
|
| Average | 1333 |
| Median | 1310 |
| Range (Middle 80%) | From 1230 to 1450 |
| Minimum SAT Score | |
ACT Scores for full-time entering business students |
|
| Average | 28.4 |
| Median | 29 |
| Range (Middle 80%) | From 26 to 31 |
| Minimum ACT Score | NA |
| Minimum High School GPA | NA |
| Does the school require an entrance exam? | No |
| Student Age (years) | |
| Average | 18 |
| Median | 18 |
| High School performance of entering business students | |
| Top 10% of high school class | 61% |
| Top 25% of high school class | 94% |
| GPA of 3.75 or higher | 93% |
| GPA of 3.5 to 3.75 | 7% |
| GPA of 3.25 to 3.49 | 0% |
| GPA of 3.00 to 3.24 | 0% |
| GPA of 2.50 to 2.99 | 0% |
| GPA of 2.00 to 2.49 | 0% |
| GPA of 1.00 to 1.99 | 0% |
| GPA below 1.0 | 0% |
| For Internal Transfers | |
| Minimum overall college GPA | 2.75 |
| Additional application requirements | |
| Successfully complete introductory microeconomics and macroeconomics. Successfully complete one course in calculus. Receive a grade of "B" or better in a minimum of 2 business courses or their equivalents. | |
ADMISSIONS
| University Application fee (resident) | $ 70.00 | ||
| University Application fee (nonresident) | $ 70.00 | ||
| University Application fee (non-resident transfers) | $ 70.00 | ||
The university financial aid office manages admissions to the business program
30577 people applied to undergraduate programs for the 2006 academic year. The school accepted 16% (selectivity) of those applicants, and 80% of admitted applicants (yield) enrolled.
NA % of applicants had applied in prior years, and of those reapplicants NA % were accepted.
The university placed applicant(s) on its wait list. wait-listed applicants were admitted to the semester for which they applied.
Does the business program admit freshmen? Yes
39% of 2006 admissions to the program were freshmen
How do freshmen apply? Indicate interest on university application
How do internal transfers apply? NA
Successfully complete introductory microeconomics and macroeconomics. Successfully complete one course in calculus. Receive a grade of "B" or better in a minimum of 2 business courses or their equivalents.
855 freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
16% of these applicants were admitted to the program and 39% of admitted students enrolled.
113 internal candidates (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year. 70 were admitted to the program.
| Share of all university applicants who are female: | 48% |
| Share of all university applicants who are not from the U.S. | 7% |
Interviews for applicants are Not required
Additional application requirements (including those for international students):
Freshmen must complete the Common Application and the Cornell University Supplement. Transfer students must complete the Common Application for Transfer Admission and a Cornell-specific Transfer Supplement. International students must submit their TOEFL score and a recommendation letter from an English teacher if English is not their first language (several waivers apply), in addition to the Common Application, Cornell University Supplement, and required standardized test scores.
Relative importance of the following factors in deciding who gets admitted to the university:
Secondary School Record: NA
Class Rank: NA
High School GPA: NA
SAT/ACT Scores: NA
Application Essay: NA
Recommendations: NA
Interview: NA
Extracurricular Activities: NA
Talent/ability: NA
Character/personal qualities: NA
Volunteer Work: NA
Work Experience: NA
COSTS
Annual Costs
| Resident Tuition | $ 18,241.00 |
| Nonresident Tuition | $ 31,881.00 |
| Room and Board | $ 10,776.00 |
| Books | $ 700.00 |
| Other Expenses (please specify) | |
Tuition per credit hour (U.S. dollars)
| Resident | $ 875.00 |
| Nonresident | $ 875.00 |
2007-2008 DEADLINES
| University Application deadlines for: | Fall Semester | 01/01/2007 | Fall Semester | 03/15/2007 | Spring Semester | 11/01/2007 | Fall Semester | 11/01/2007 |
| Business Program deadlines for: | |
| Fall | |
| Fall | |
| Fall | |
| Fall | |
FINANCIAL AID
The business program's financial aid ofice manages financial aid for the business program
Financial Aid Web site
Total scholarship money given to business students through the financial aid office in the 2005 academic year: NA
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: NA
Scholarships are awarded to students in the business program based on Academic merit
Scholarships in the 2006-2007 academic year | |
| Percent of business students receiving some scholarship money | NA % |
| Percent of business students receiving full-tuition scholarships | NA % |
| Percent of scholarships offered to business students based on need | NA % |
| Percent of scholarships offered to business students based on merit | NA % |
How do applicants apply for scholarships?
Does the schoool offer a guaranteed loan to all business students (regardless of nationality): No
The maximum amount a business student can borrow per year is: NA
The average outstanding debt among 2006 business program graduates is: NA
CONTACTS
| Dean Susan A. Henry | Hired as of 07/01/2000 |
ACADEMICS & REQUIREMENTS
Specializations offered:
Real Estate, Other, , ,
Agribusiness Management
Food Industry Management
International Development and Trade
Programs Offered
| BS | Applied Economics and Management | Full time |
| Core curriculum last revised NA |
| Average class size in required business classes | 162 |
| Average class size in business electives | 46 |
| Average class size in non-business classes (required for admission to the business program |
30% of business classes (core and elective) have fewer than 20 students
34% of business classes (core and elective) have 21 to 50 students
36% of business classes (core and elective) have more than 50 students
NA % of required business courses reached maximum enrollment by the first day of class from June 30, 2004 to June 30, 2005.
NA % of required business courses had waiting lists for enrollment
AREAS OF STUDY & ELECTIVES
The school reports that the following are its five leading areas of study:
Economics, Entrepreneurship, Finance, Marketing, Other
Number of elective courses (not multiple sessions of same course) available in the past academic year: 74
New electives added in the past academic year:
Economics of Business Regulation
Political Econ. of WTO & Globalization
European Business Institutions
Managerial Economics and Decision Making
Women, Leadership, and Entrepreneurship
Business Ethics
Business Strategy Research
Food and Brand Lab Workshop
Introduction to System Dynamics Modeling
Entrepreneurship Speaker Series
What special programs are available to business students?
University-wide Entrepreneurship@Cornell Program (http://eship.cornell.edu)
| Work study or co-op opportunities | No |
| Study abroad opportunities | Yes |
| Cornell Abroad Program offers semester and year-long programs. (http://www.cuabroad.cornell.edu) | |
| Volunteer and community service opportunities | Yes |
| Business clubs and extracurricular activities | Yes |
| Of the over 500 student organizations at Cornell, the following are related to the study of business and applied economics: AEM Ambassadors Alpha Kappa Psi (professional business fraternity) CEO (Cornell Entrepreneur Organization) Cornell Investment Club Beta Gamma Sigma (honor society) Delta Sigma Pi (professional business fraternity) Financial Management Group of Cornell Mutual Investment Club of Cornell Minority Business Student Association Society for Women in Busines | |
FACULTY
| Total full-time undergraduate business faculty | 39 |
| Total undergraduate business adjuncts and visiting business faculty | 0 |
| Total undergraduate permanent/tenured business professors | 25 |
24% of permanent/tenured business professors are women
4% of permanent/tenured business professors are underrepresented minorities (African American, Hispanic American or Native American)
NA % of permanent/tenured business professors are members of company boards of directors or boards of advisors
NA % of permanent/tenured business professors have owned their own business
Prominent Faculty: , ,
STUDENT LIFE
Freshmen are not required to live on campus
NA %of all business students live on campus
Business students are not grouped together in "learning communities" in housing or other facilities
TECHNOLOGY
Number of omputers available to undergraduate business students (within the program and university as a whole):
Wireless network is not available in main B-school buildings
Technology changes made over the past three years:
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 78% of 2006 graduates
Of 2006 graduates for whom we have information...
77% were seeking full-time professional employment in business
23% were not seeking full-time professional employment in business
For those not seeking employment in business...
62% of those were already employed at graduation
29% were planning to continue their education immediately after graduation
3% were postponing their job search
3% were planning to start their own business
3% of those not working were doing so for other reasons
169 companies recruited business students on campus from June 30, 2005 to June 30, 2006
companies posted full-time job offers for undergraduate business students on the school's job boards from June 30, 2005 to June 30, 2006
Of 2006 Job-seeking Graduates...
received their first job offer by graduation
received their first job offer within three months of graduation
received their first job offer more than three months after graduation
did not report having received an offer
| Top 10 recruiting firms that hired the most graduates in the past academic year | No. hired |
| Lehman Bros. | 8 |
| Citigroup | 6 |
| JPMorgan Chase & Co. | 6 |
| Morgan Stanley | 6 |
| Merrill Lynch | 5 |
| Cornell University | 3 |
| Credit Suisse Group | 3 |
| Deutsche Bank | 3 |
| Bain & Company | 2 |
| C&S Wholesale Grocers | 2 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 50,233.00 |
| Median base salary | $ 53,000.00 |
| Average signing bonus | $ 7,750.00 |
| Median signing bonus | $ 10,000.00 |
| Average other guaranteed compensation | NA |
| Median other guaranteed compensation | NA |
CAREER DIRECTIONS
What percentage of 2006 graduates who accepted jobs did so in the following functional areas? Are these figures estimates based on the number of students majoring in these functional areas? No
| Finance (includes corporate finance, investments, treasury and financial analysis, public finance, etc.) | 56% |
| Accounting/auditing | NA % |
| General Management | NA % |
| Human Resources | NA % |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | NA % |
| Management Information Systems | NA % |
| Operations | NA % |
| Logistics/Transportation | NA % |
| Other | 44% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? No
| Accounting | 0% |
| Consumer Products & Retail | 8% |
| Consulting | 11% |
| Financial Services | 49% |
| Government, Nonprofit, & Education | 4% |
| Health | 2% |
| Manufacturing | 7% |
| Media & Entertainment | 9% |
| Sports & Leisure | 7% |
| Technology & Science | 9% |
| Transportation | 0% |
| UTILITIES | 0% |
| Other | 2% |
North American Jobs
0% of 2006 graduates accepted jobs in Canada
100% of 2006 graduates accepted jobs in the U.S.
Here's the regional breakdown on job acceptances in North American regions:
| Northeast (ME, VT, NY, NH, CT, MA, NJ, RI) | 81% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 7% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 3% |
| Southwest (CO, AZ, TX, OK, NM) | 0% |
| Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 4% |
| West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) | 5% |
| U.S. possessions and territories (America Samoa, Palau, Guam, Puerto Rico, Virgin Islands) | 3% |
| Canada | 0% |
INTERNSHIPS
64 companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006
NA % of internships were paid.
| Average compensation per week | NA |
| Median compensation per week | NA |
| Average internship length (weeks) |
companies posted internships for undergraduate business students on school job boards from June 30, 2005 to June 30, 2006
| Top 10 Recruiting Firms for Internships | No. interns |
| JPMorgan Chase & Co.; Lehman Bros. | 4 |
| UBS; Deutsche Bank | 3 |
| Citigroup; Blackrock | 2 |
| Credit Suisse; Gap | 2 |
| General Electric | 2 |
| Goldman Sachs; Greater Newark Business Development Consortium | 2 |
| HSBC; Merrill Lynch | 2 |
| Northwestern Mutual; Prudential Financial | 2 |
| Ramaquois Day Camp; SAIC | 2 |
| Bank of America Securities | 1 |
ALUMNI AFFAIRS
NA % of living undergraduate business alumni contributed to the program/university some time between June 30, 2005 and June 30, 2006
Of those who contributed...
| The average gift was | NA |
| The median gift was | NA |
From June 30, 2005 to June 30, 2006, the undergraduate business program NA % received any individual gift in excess of $10 million
Prominent Alumni
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of 120 for B.S. in Applied Economics and Management |
| Minimum of 40 for |
