2007 UNDERGRAD PROFILE
Drake University
College of Business and Public Administration
B-School and Program Basics
| Address: | Aliber Hall 2847 University Avenue Des Moines, IA US 50311 |
Program E-Mail |
Program Web site |
College of Business and Public Administration is a private institution.
Undergrad business program was founded: 1888
Accredited by AACSB International
Classes begin:
| Other Annual Admissions | 08/27/2007 |
| NA | |
Enrollment
| Total undergraduate business school enrollment | 936 |
| Total full-time undergraduate business students | 869 |
| Total part-time undergraduate business students | 67 |
| Total distance undergraduate business students | 0 |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 40% |
| International students | 10% |
For U.S. schools only: |
|
| African American students | 6% |
| Native Americans | 0% |
| Asian Americans | 4% |
| Hispanic | 1% |
| White (non-Hispanic) | 75% |
| Unknown | 2% |
| Other | 12% |
U.S. students by region:
| Mid-Atlantic U.S. | 0% |
| Midwest U.S. | 92% |
| Northeast U.S. | 1% |
| South U.S. | 1% |
| Southwest U.S. | 4% |
| West U.S. | 2% |
| U.S. Possessions and territories | 0% |
Citizenship:
| U.S. | 90% |
| Canada | 1% |
| Other | 9% |
| 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 | 1189 |
| Median | 1190 |
| Range (Middle 80%) | From 1040 to 1300 |
| Minimum SAT Score | |
ACT Scores for full-time entering business students |
|
| Average | 25 |
| Median | 25 |
| Range (Middle 80%) | From 22 to 27 |
| 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 | 28% |
| Top 25% of high school class | 57% |
| GPA of 3.75 or higher | 37% |
| GPA of 3.5 to 3.75 | 23% |
| GPA of 3.25 to 3.49 | 16% |
| GPA of 3.00 to 3.24 | 14% |
| GPA of 2.50 to 2.99 | 7% |
| GPA of 2.00 to 2.49 | 3% |
| GPA of 1.00 to 1.99 | 0% |
| GPA below 1.0 | 0% |
| For Internal Transfers | |
| Minimum overall college GPA | NA |
| Additional application requirements | |
| N/A | |
ADMISSIONS
| University Application fee (resident) | $ 0 | ||
| University Application fee (nonresident) | $ 0 | ||
| University Application fee (non-resident transfers) | $ 0 | ||
The university financial aid office manages admissions to the business program
4492 people applied to undergraduate programs for the 2006 academic year. The school accepted 100% (selectivity) of those applicants, and 32% of admitted applicants (yield) enrolled.
3% of applicants had applied in prior years, and of those reapplicants 70% were accepted.
The university placed 23 applicant(s) on its wait list. 0 wait-listed applicants were admitted to the semester for which they applied.
Does the business program admit freshmen? Yes
63% of 2006 admissions to the program were freshmen
How do freshmen apply? Indicate interest on university application
N/A
How do internal transfers apply? NA
N/A
1064 freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
100% of these applicants were admitted to the program and 63% of admitted students enrolled.
internal candidates (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year. were admitted to the program.
| Share of all university applicants who are female: | 63% |
| Share of all university applicants who are not from the U.S. | 6% |
Interviews for applicants are Recommended
Additional application requirements (including those for international students):
Transfer students must have a cumulative GPA of at least a 2.0 on a 4.0 scale to be considered; however, accounting and actuarial science majors must have a 2.5 cumulative GPA. International students interested in enrolling full-time whose native language or primary language is not English must take the Test of English as a Foreign Language (TOEFL).
Relative importance of the following factors in deciding who gets admitted to the university:
Secondary School Record: Very Important
Class Rank: Important
High School GPA: Very Important
SAT/ACT Scores: Very Important
Application Essay: Important
Recommendations: Important
Interview: Considered
Extracurricular Activities: Important
Talent/ability: Considered
Character/personal qualities: Important
Volunteer Work: Considered
Work Experience: Important
COSTS
Annual Costs
| Resident Tuition | $ 22,270.00 |
| Nonresident Tuition | $ 22,270.00 |
| Room and Board | $ 6,500.00 |
| Books | $ 900.00 |
| Other Expenses (please specify) | |
| Technology Fee | $300.00 |
| Student Activity Fee | $112.00 |
Tuition per credit hour (U.S. dollars)
| Resident | $ 430.00 |
| Nonresident | $ 430.00 |
2007-2008 DEADLINES
| University Application deadlines for: | Other Annual Admissions | 03/01/2007 |
| Business Program deadlines for: | |
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: $ 8,700,000.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 9,836,000.00
Scholarships are awarded to students in the business program based on A combination of need and merit
Scholarships in the 2006-2007 academic year | |
| Percent of business students receiving some scholarship money | 95% |
| Percent of business students receiving full-tuition scholarships | 95% |
| Percent of scholarships offered to business students based on need | 26% |
| Percent of scholarships offered to business students based on merit | 84% |
How do applicants apply for scholarships?
Admission and FAFSA; some endowed scholarships require individual applications
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: $ 25,970.00
CONTACTS
| Dean Charles Edwards Jr. | Hired as of 05/09/2005 |
ACADEMICS & REQUIREMENTS
Specializations offered:
Accounting, Finance, , ,
Law and Business
Programs Offered
| BS | Accounting | Full time |
| BS | Actuarial Science | Full time |
| BS | Finance | Full time |
| BS | Management | Full time |
| BS | Marketing | Full time |
| BS | Information Systems | Full time |
| BS | Entrepreneurial Management | Full time |
| Core curriculum last revised 2003 |
| Average class size in required business classes | 39 |
| Average class size in business electives | 36 |
| Average class size in non-business classes (required for admission to the business program | N/A |
17% of business classes (core and elective) have fewer than 20 students
79% of business classes (core and elective) have 21 to 50 students
4% of business classes (core and elective) have more than 50 students
64% of required business courses reached maximum enrollment by the first day of class from June 30, 2004 to June 30, 2005.
0% 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:
Accounting, Actuarial Science, Finance, Insurance, Marketing
Number of elective courses (not multiple sessions of same course) available in the past academic year: 34
New electives added in the past academic year:
Professional Communications
Developing Economies
Creating a Company
Marketing and the Internet
Legal Issues Within Organizations
Entrepreneurial Leadership
What special programs are available to business students?
In addition to major, concentrations in HR Management, Insurance or Business Law. Extensive career development program throughout all four years.
| Work study or co-op opportunities | No |
| Study abroad opportunities | Yes |
| More than 87 countries with multiple universities in traditional travel abroad program. In addition, 8 universities offer specific business curriculum with built-in internshiop opportunity. | |
| Volunteer and community service opportunities | Yes |
| Students are encouraged to participate in at least three internships and two community service activities during their four-year program. Since Drake is in a state capital, there are many opportunities for internships with state and nonprofit organizations. Also, the Iowa caucuses generate many opportunities for volunteering in political campaigns and organizations. There are also four business fraternities/sororities that require volunteer and community service of their members. | |
| Business clubs and extracurricular activities | Yes |
| Alpha Kappa Psi; American Marketing Association; Beta Alpha Psi; CACE (Professional Speaking Group); Delta Sigma Pi; DASS (Actuarial Society); Society of Human Resource Management; Students in Free Enterprise; Student Advisory Board | |
FACULTY
| Total full-time undergraduate business faculty | 40 |
| Total undergraduate business adjuncts and visiting business faculty | 16 |
| Total undergraduate permanent/tenured business professors | 27 |
19% of permanent/tenured business professors are women
7% of permanent/tenured business professors are underrepresented minorities (African American, Hispanic American or Native American)
15% of permanent/tenured business professors are members of company boards of directors or boards of advisors
8% of permanent/tenured business professors have owned their own business
Prominent Faculty: Dr. Stuart Klugman, Actuarial Science, Dr. A. Douglas Hillman, Accounting, Dr. Delaney Kirk, Management
STUDENT LIFE
Freshmen are required to live on campus
52%of all business students live on campus
Business students are 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): 116
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
Wireless building environment; all classrooms upgraded with state-of-the-art technology interfaces; backup system storage provided automatically throughout the building; upgraded desktop and laptop computers for all faculty/staff.
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 70% of 2006 graduates
Of 2006 graduates for whom we have information...
75% were seeking full-time professional employment in business
25% were not seeking full-time professional employment in business
For those not seeking employment in business...
22% of those were already employed at graduation
72% were planning to continue their education immediately after graduation
1% were postponing their job search
1% were planning to start their own business
4% of those not working were doing so for other reasons
154 companies recruited business students on campus from June 30, 2005 to June 30, 2006
702 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 |
| Wells Fargo | 11 |
| Principal Financial Group | 8 |
| John Deere and Company; Allied/Nationwide | 7 |
| Ernst & Young | 6 |
| Towers Perrin; State of Iowa | 4 |
| Mercer; Pioneer Hi-Bred/DuPont; Drake Univ.; Aegon USA; Cahaba GBA; Milliman; McGladrey and Pullen | 3 |
| Pella; Hy-Vee; Deloitte and Touche; KPMG, Marsh, Amerus | 2 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 40,500.00 |
| Median base salary | $ 39,000.00 |
| Average signing bonus | NA |
| Median signing bonus | NA |
| 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? Yes
| Finance (includes corporate finance, investments, treasury and financial analysis, public finance, etc.) | 31% |
| Accounting/auditing | 22% |
| General Management | 2% |
| Human Resources | 9% |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | 26% |
| Management Information Systems | 5% |
| Operations | 5% |
| Logistics/Transportation | 0% |
| Other | 0% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? Yes
| Accounting | 21% |
| Consumer Products & Retail | 0% |
| Consulting | 14% |
| Financial Services | 20% |
| Government, Nonprofit, & Education | 1% |
| Health | 2% |
| Manufacturing | 0% |
| Media & Entertainment | 19% |
| Sports & Leisure | 1% |
| Technology & Science | 19% |
| Transportation | 1% |
| UTILITIES | 0% |
| Other | 20% |
North American Jobs
NA % of 2006 graduates accepted jobs in Canada
99% 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) | 4% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 2% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 3% |
| Southwest (CO, AZ, TX, OK, NM) | 4% |
| Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 85% |
| West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) | 2% |
| U.S. possessions and territories (America Samoa, Palau, Guam, Puerto Rico, Virgin Islands) | 3% |
| Canada | NA % |
INTERNSHIPS
105 companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006
98% of internships were paid.
| Average compensation per week | $ 195.00 |
| Median compensation per week | $ 185.00 |
| Average internship length (weeks) | 16 |
356 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 |
| Principal Financial Group | 10 |
| Wells Fargo; Ernst and Young | 8 |
| Allied/Nationwide | 7 |
| Aegon; CCA; The Hartford; John Deere & Co.; KPMG | 3 |
| Towers Perrin | 2 |
ALUMNI AFFAIRS
15% 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 | $ 1,100.00 |
| The median gift was | $ 100.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 15% received any individual gift in excess of $10 million
Prominent Alumni
Mark Ernst, President/CEO/Chairman, H&R Block
George Cohon, Senior Chairman, McDonald's - Canada
Larry Zimpleman, President/COO, Principal Financial Group
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of 124 for BSBA |
| Minimum of 62 for BSBA |
