2007 UNDERGRAD PROFILE
Howard University
School of Business
B-School and Program Basics
| Address: | 2600 6th Street, N.W. Washington, D.C., US 20059 |
Program E-Mail |
Program Web site |
School of Business is a private institution.
Undergrad business program was founded: 1970
Accredited by AACSB International
Classes begin:
| Fall Other | 08/18/2007 |
| Fall Semester | 08/18/2007 |
| Spring Semester | 01/04/2007 |
| Summer Other | 05/15/2007 |
Enrollment
| Total undergraduate business school enrollment | 1439 |
| Total full-time undergraduate business students | 1320 |
| Total part-time undergraduate business students | 119 |
| Total distance undergraduate business students | 0 |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 58% |
| International students | 4% |
For U.S. schools only: |
|
| African American students | 97% |
| Native Americans | 0% |
| Asian Americans | 0% |
| Hispanic | 1% |
| White (non-Hispanic) | 2% |
| Unknown | 0% |
| Other | 0% |
U.S. students by region:
| Mid-Atlantic U.S. | 38% |
| Midwest U.S. | 5% |
| Northeast U.S. | 27% |
| South U.S. | 13% |
| Southwest U.S. | 6% |
| West U.S. | 10% |
| U.S. Possessions and territories | 1% |
Citizenship:
| U.S. | 96% |
| Canada | 0% |
| Other | 4% |
| 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 | 1097 |
| Median | 1085 |
| Range (Middle 80%) | From 1000 to 1199 |
| Minimum SAT Score | 900 |
ACT Scores for full-time entering business students |
|
| Average | 24 |
| Median | 22 |
| Range (Middle 80%) | From 22 to 23 |
| Minimum ACT Score | 19 |
| Minimum High School GPA | 2.00 |
| 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 | 16% |
| Top 25% of high school class | 33% |
| GPA of 3.75 or higher | 17% |
| GPA of 3.5 to 3.75 | 20% |
| GPA of 3.25 to 3.49 | 22% |
| GPA of 3.00 to 3.24 | 21% |
| GPA of 2.50 to 2.99 | 19% |
| GPA of 2.00 to 2.49 | 1% |
| GPA of 1.00 to 1.99 | 0% |
| GPA below 1.0 | 0% |
| For Internal Transfers | |
| Minimum overall college GPA | 3.00 |
| Additional application requirements | |
| Must complete one college english and one math course | |
ADMISSIONS
| University Application fee (resident) | $ 45.00 | ||
| University Application fee (nonresident) | NA | ||
| University Application fee (non-resident transfers) | NA | ||
The university financial aid office manages admissions to the business program
12078 people applied to undergraduate programs for the 2006 academic year. The school accepted 49% (selectivity) of those applicants, and 40% of admitted applicants (yield) enrolled.
20% of applicants had applied in prior years, and of those reapplicants 15% 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
82% of 2006 admissions to the program were freshmen
How do freshmen apply? Indicate interest on university application
2 recommendation letters: one teacher, one counselor
1 Essay - biographical
Completion of Algebra/Trig and/or Pre-calculus
How do internal transfers apply? NA
Must complete one college english and one math course
1456 freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
49% of these applicants were admitted to the program and 82% of admitted students enrolled.
65 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: | 64% |
| Share of all university applicants who are not from the U.S. | 5% |
Interviews for applicants are Not required
Additional application requirements (including those for international students):
Foreign Students - TOFEL
Transfer Students - 15 credit hrs. completed,2.5 GPA
Must complete one college Eng. & Math
course
Relative importance of the following factors in deciding who gets admitted to the university:
Secondary School Record: Very Important
Class Rank: Very Important
High School GPA: Very Important
SAT/ACT Scores: Very Important
Application Essay: Important
Recommendations: Important
Interview: Not Considered
Extracurricular Activities: Considered
Talent/ability: Considered
Character/personal qualities: Considered
Volunteer Work: Considered
Work Experience: Considered
COSTS
Annual Costs
| Resident Tuition | $ 12,180.00 |
| Nonresident Tuition | $ 0 |
| Room and Board | $ 6,110.00 |
| Books | $ 350.00 |
| Other Expenses (please specify) | |
| Matriculation | $257.00 |
| Technology Fee | $125.00 |
| Endowment Fee | $15.00 |
Tuition per credit hour (U.S. dollars)
| Resident | $ 508.00 |
| Nonresident | $ 0 |
2007-2008 DEADLINES
| University Application deadlines for: | Fall Other | 11/01/2006 | Fall Semester | 02/15/2007 | Spring Semester | 11/01/2006 | Summer Other | 04/01/2007 |
| Business Program deadlines for: | |
| SummerSemesterOther | 11/01/2006 |
| SummerSemesterSemester | 02/15/2007 |
| SummerTrimesterSemester | 11/01/2006 |
| SummerAnnual AdmissionsSemester | 20070401 |
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: $ 745,410.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 785,945.00
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 | 20% |
| Percent of business students receiving full-tuition scholarships | 20% |
| Percent of scholarships offered to business students based on need | 5% |
| Percent of scholarships offered to business students based on merit | 95% |
How do applicants apply for scholarships?
Application
Essays
GPAs
Does the schoool offer a guaranteed loan to all business students (regardless of nationality): Yes
The maximum amount a business student can borrow per year is: $ 11,000.00
The average outstanding debt among 2006 business program graduates is: $ 20,000.00
CONTACTS
| Dean Dr. Barron H. Harvey | Hired as of 07/19/2006 |
ACADEMICS & REQUIREMENTS
Specializations offered:
Accounting, , , ,
Accounting
Actuarial Science
Finance
Insurance
International Business
Management
Marketing
Computer Based Information Systems
Hospitality Management
Programs Offered
| BBA | Accounting | Full time |
| BBA | Finance | Full time |
| BBA | Insurance | Full time |
| BBA | International Business | Full time |
| BBA | Computer Based Information Systems | Full time |
| BBA | Management | Full time |
| BBA | Marketing | Full time |
| Core curriculum last revised 2005 |
| Average class size in required business classes | 45 |
| Average class size in business electives | 22 |
| Average class size in non-business classes (required for admission to the business program | 35 |
10% of business classes (core and elective) have fewer than 20 students
80% of business classes (core and elective) have 21 to 50 students
10% of business classes (core and elective) have more than 50 students
90% 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:
Accounting, Finance, General Management, International Business, Marketing
Number of elective courses (not multiple sessions of same course) available in the past academic year: 70
New electives added in the past academic year:
Entrepreneurial Marketing
New Venture Development
What special programs are available to business students?
Entrepreneurship
Actuarial Science
Real Estate
| Work study or co-op opportunities | Yes |
| Students may qualify for work study up to 20 hours/week. Students may qualify for co-op paid or unpaid work away from the campus for one semester at a time for 1-3 credits in companies such as Disney, Johnson & Johnson,& Merrill Lynch. | |
| Study abroad opportunities | Yes |
| Study may apply for study abroad for one semester at a time in such countries as Spain, England, Mexico, etc. | |
| Volunteer and community service opportunities | Yes |
| Students can volunteer or engage in service projects as a course requirement or through students organizations, fraternities or sororities. | |
| Business clubs and extracurricular activities | Yes |
| Each department hosts one or more student clubs such as the Finance Club, the Marketing Club, Society for the Advancement of Management, National Assc. of Black Accountants, Delta Sigma Pi Business Frat or BGS Honor Society. | |
FACULTY
| Total full-time undergraduate business faculty | 62 |
| Total undergraduate business adjuncts and visiting business faculty | 17 |
| Total undergraduate permanent/tenured business professors | 30 |
6% of permanent/tenured business professors are women
80% 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
10% of permanent/tenured business professors have owned their own business
Prominent Faculty: Barron H. Harvey, Ph.D., MBA, CPA, Philip Fanara, Ph.D. CFA, Sandip Mukherji, Ph.D.
STUDENT LIFE
Freshmen are required to live on campus
74%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): 800
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
Business School, Campus Buildings, and Dorms are now wireless. A new 200 station I-Lab is now available to all students. IBM and other companies have donated new computers to the School of Business.
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 74% of 2006 graduates
Of 2006 graduates for whom we have information...
80% were seeking full-time professional employment in business
20% were not seeking full-time professional employment in business
For those not seeking employment in business...
80% of those were already employed at graduation
10% were planning to continue their education immediately after graduation
5% were postponing their job search
2% were planning to start their own business
1% of those not working were doing so for other reasons
106 companies recruited business students on campus from June 30, 2005 to June 30, 2006
210 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...
80 received their first job offer by graduation
15 received their first job offer within three months of graduation
4 received their first job offer more than three months after graduation
1 did not report having received an offer
| Top 10 recruiting firms that hired the most graduates in the past academic year | No. hired |
| Credit Suisse Group | 2 |
| Deloitte/Touche | 4 |
| Ernst & Young | 4 |
| Enterprise Rent-A-Car Company | 3 |
| Fannie Mae | 3 |
| Goldman Sachs Group | 3 |
| Grant Thornton LLP | 4 |
| Hyatt Corporation | 2 |
| Johnson & Johnson | 3 |
| JPMorgan Chase & Co. | 2 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 50,750.00 |
| Median base salary | $ 50,000.00 |
| Average signing bonus | $ 5,080.00 |
| Median signing bonus | $ 5,000.00 |
| Average other guaranteed compensation | $ 5,150.00 |
| Median other guaranteed compensation | $ 5,000.00 |
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.) | 30% |
| Accounting/auditing | 18% |
| General Management | 10% |
| Human Resources | 2% |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | 19% |
| Management Information Systems | 8% |
| Operations | 2% |
| Logistics/Transportation | 1% |
| Other | 10% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? Yes
| Accounting | 20% |
| Consumer Products & Retail | 20% |
| Consulting | 2% |
| Financial Services | 33% |
| Government, Nonprofit, & Education | 9% |
| Health | 1% |
| Manufacturing | 1% |
| Media & Entertainment | 1% |
| Sports & Leisure | 1% |
| Technology & Science | 1% |
| Transportation | 1% |
| UTILITIES | 1% |
| Other | 7% |
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) | 27% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 38% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 13% |
| Southwest (CO, AZ, TX, OK, NM) | 6% |
| Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 5% |
| West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) | 10% |
| U.S. possessions and territories (America Samoa, Palau, Guam, Puerto Rico, Virgin Islands) | 13% |
| Canada | 0% |
INTERNSHIPS
68 companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006
99% of internships were paid.
| Average compensation per week | $ 720.00 |
| Median compensation per week | $ 600.00 |
| Average internship length (weeks) | 8 |
100 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 |
| Merrill Lynch | 16 |
| Goldman Sachs Group | 13 |
| Morgan Stanley | 14 |
| Price Waterhouse - Coopers | 15 |
| Credit Suisse Group | 9 |
| UBS | 8 |
| Deloitte Touche Tomatsu | 7 |
| J P Morgan/Chase | 8 |
| Ernst & Young | 4 |
| KPMG, General Motors and Ford | 3 |
ALUMNI AFFAIRS
20% 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 | $ 150.00 |
| The median gift was | $ 100.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 20% received any individual gift in excess of $10 million
Prominent Alumni
Frank Savage, CEO, Savage Holdings, LLC
Sean P. Combs, Entertainer/Entrepreneur, President & CEO, Sean/John Enterprises
George Wiley, CPA, Senior Partner, Bert Smith & Co.,CPAs
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of 121 for BBA |
| Minimum of 60 for BBA |
