2007 UNDERGRAD PROFILE
Illinois State University
College of Business
B-School and Program Basics
| Address: | Campus Box 5500 Illinois State University Normal, IL US 61790-5500 |
Program E-Mail |
Program Web site |
College of Business is a public institution.
Undergrad business program was founded: 1967
Accredited by AACSB International
Classes begin:
| Summer Semester | 05/21/2007 |
| Fall Semester | 08/20/2007 |
| Spring Semester | 01/14/2008 |
| Summer Semester | 05/19/2008 |
| Fall Semester | 08/18/2008 |
Enrollment
| Total undergraduate business school enrollment | 3075 |
| Total full-time undergraduate business students | 3075 |
| Total part-time undergraduate business students | |
| Total distance undergraduate business students | |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 36% |
| International students | 1% |
For U.S. schools only: |
|
| African American students | 5% |
| Native Americans | 1% |
| Asian Americans | 1% |
| Hispanic | 3% |
| White (non-Hispanic) | 87% |
| Unknown | NA % |
| Other | 3% |
U.S. students by region:
| Mid-Atlantic U.S. | NA % |
| Midwest U.S. | 99% |
| Northeast U.S. | NA % |
| South U.S. | NA % |
| Southwest U.S. | 1% |
| West U.S. | NA % |
| U.S. Possessions and territories | NA % |
Citizenship:
| U.S. | 98% |
| Canada | 1% |
| Other | 1% |
| Unknown | NA % |
CLASS TRAITS: MOST RECENT ENTERING CLASS
| Does the school require standardized tests, such as the SAT or ACT? | Yes |
SAT Scores for full-time entering business students |
|
| Average | 1156 |
| Median | 1170 |
| Range (Middle 80%) | From 1080 to 1230 |
| Minimum SAT Score | |
ACT Scores for full-time entering business students |
|
| Average | 24 |
| Median | 24 |
| Range (Middle 80%) | From 23 to 25 |
| Minimum ACT Score | NA |
| Minimum High School GPA | NA |
| Does the school require an entrance exam? | No |
| Student Age (years) | |
| Average | 17 |
| Median | 17 |
| High School performance of entering business students | |
| Top 10% of high school class | 11% |
| Top 25% of high school class | 38% |
| GPA of 3.75 or higher | 21% |
| GPA of 3.5 to 3.75 | 16% |
| GPA of 3.25 to 3.49 | 25% |
| GPA of 3.00 to 3.24 | 19% |
| GPA of 2.50 to 2.99 | 18% |
| 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 | |
| Students must have at least 12 graded hours earned at Illinois State University with a 2.5 or higher cumulative GPA. Students with more than 45 semester hours completed are also required to have earned grades of "C" or better in 6 foundation tool courses. Accountancy and Business Administration majors must have a B/C grade combination in the accounting tool courses. Internal applications are considered during the months of September and February of each adcademic year. | |
ADMISSIONS
| University Application fee (resident) | $ 40.00 | ||
| University Application fee (nonresident) | $ 40.00 | ||
| University Application fee (non-resident transfers) | $ 40.00 | ||
The university financial aid office manages admissions to the business program
12071 people applied to undergraduate programs for the 2006 academic year. The school accepted 100% (selectivity) of those applicants, and 44% of admitted applicants (yield) enrolled.
1% of applicants had applied in prior years, and of those reapplicants 75% were accepted.
The university placed 490 applicant(s) on its wait list. 38 wait-listed applicants were admitted to the semester for which they applied.
Does the business program admit freshmen? Yes
100% of 2006 admissions to the program were freshmen
How do freshmen apply? Indicate interest on university application
New freshmen must meet Illinois State University admission requirements prior to being considered into a College of Business major. Admission into the College of Business is selective and considers a prospective freshman's high school transcript (grade trends and rigor of courses completed) class rank, GPA, ACT/SAT scores, personal statement, and in some cases letters of recommendation. Students are encouraged to complete a rigorous high school math sequence.
How do internal transfers apply? NA
Students must have at least 12 graded hours earned at Illinois State University with a 2.5 or higher cumulative GPA. Students with more than 45 semester hours completed are also required to have earned grades of "C" or better in 6 foundation tool courses. Accountancy and Business Administration majors must have a B/C grade combination in the accounting tool courses. Internal applications are considered during the months of September and February of each adcademic year.
2112 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 100% 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: | 61% |
| Share of all university applicants who are not from the U.S. | 1% |
Interviews for applicants are By invitation only
Additional application requirements (including those for international students):
All incoming freshmen are required to submit a personal statement along with their application.
International students must also have earned a total score of 79 on the internet based test (iBT), 550 on the pencil/paper test or 213 on the computer based test of English as a Foreign Language (TOEFL).
Transfer Students: Highest admission prioroty will be granted to students with the strongest academic records. The average transfer grade point average is just above a 3.0 on a 4.0 scale.
Relative importance of the following factors in deciding who gets admitted to the university:
Secondary School Record: Important
Class Rank: Very Important
High School GPA: Very Important
SAT/ACT Scores: Very Important
Application Essay: Important
Recommendations: Considered
Interview: NA
Extracurricular Activities: Considered
Talent/ability: Considered
Character/personal qualities: Considered
Volunteer Work: Considered
Work Experience: Considered
COSTS
Annual Costs
| Resident Tuition | $ 8,039.00 |
| Nonresident Tuition | $ 14,730.00 |
| Room and Board | $ 6,194.00 |
| Books | $ 861.00 |
| Other Expenses (please specify) | |
Tuition per credit hour (U.S. dollars)
| Resident | $ 180.00 |
| Nonresident | $ 376.00 |
2007-2008 DEADLINES
| University Application deadlines for: | Summer Semester | 03/01/2007 | Fall Semester | 03/01/2007 | Spring Semester | 11/01/2007 | Summer Semester | 03/01/2008 | Fall Semester | 03/01/2008 |
| Business Program deadlines for: | |
| Summer | |
| Summer | |
| Summer | |
| Summer | |
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: $ 5,661,577.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 6,600,423.00
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 | 64% |
| Percent of business students receiving full-tuition scholarships | 64% |
| Percent of scholarships offered to business students based on need | 64% |
| Percent of scholarships offered to business students based on merit | 30% |
How do applicants apply for scholarships?
Scholarship applications are available on-line, others are sent to students that qualify.
Establishing eligibility for the federal and state funded aid programs administered by the Financial Aid Office requires a determination of financial need that results from filing the Free Application for Federal Student Assistance (FAFSA).
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: $ 14,500.00
CONTACTS
| Dean Dixie L. Mills | Hired as of 01/01/1997 |
ACADEMICS & REQUIREMENTS
Specializations offered:
Accounting, , , ,
Business Teacher Education
Integrated Marketing Communication
Professional Sales
Programs Offered
| BS | Accountancy | Full time |
| BS | Business Information Systems | Full time |
| BS | Management & Business Administration | Full time |
| BS | Finance & Insurance | Full time |
| BA | International Business | Full time |
| BS | Marketing | Full time |
| BS | Business Teacher Education | Full time |
| Core curriculum last revised 2000 |
| Average class size in required business classes | 61 |
| Average class size in business electives | 26 |
| Average class size in non-business classes (required for admission to the business program |
NA % of business classes (core and elective) have fewer than 20 students
86% of business classes (core and elective) have 21 to 50 students
14% 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:
Accounting, Finance, Human Resource Management, Insurance, 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:
Entrepreneurship I
Human Resource Management for Small Bus
Leadership & Organizational Culture
Marketing Logistics & Supply Chain Mgmt
Key Account & Relationship Management
Professional Sales Planning & Analysis
Support Strategies for IMC
IMC Creative Strategy & Design
Financial State Analysis
What special programs are available to business students?
The Katie School of Insurance helps students connect with industry by supporting professional development opportunities,international internships, scholarships,and a student leadership program. The Accountancy program has a long tradition of excellence for passing the CPA exam and offers a prep. course in partnership with Becker. Through the EIF program students manage a securities portfolio of more than $350,000. The sales program is nationally ranked and sponsors a sales certificate program.
| Work study or co-op opportunities | Yes |
| A small number of students have completed work study and co-op opportunities where they work for a semester and then go to school for a semester. The majority of students complete a traditional 12 week internship. | |
| Study abroad opportunities | Yes |
|
The College of Business sponsors both summer study abroad programs and semester programs and has partner institutions in England, France, Mexico, Japan, Germany, and Canada.
Additional partnerships are under development. In addition, the University sponsors summer and semester programs in 16 countries and National Student Exchange opportunities in 48 of the 50 states plus Guam, Puerto Rico, Washington D.C., and Canada. |
|
| Volunteer and community service opportunities | Yes |
| Several business courses include a service learning component. Students also get involved with philanthropy through one of the 20 business related student organizations. The Student Volunteer Center on campus enhances and expands student involvement through meaningful community service. The Student Volunteer Center encourages students to become active within their communities and to make community service and civic activism a valued part of their educational experience. | |
| Business clubs and extracurricular activities | Yes |
| There are 20 student organizations in the COB that provide opportunities for networking, developing leadership and organizational skills, and learning about professional issues and career options. Each year COB student organizations earn regional and national recognition for their excellence. | |
FACULTY
| Total full-time undergraduate business faculty | 98 |
| Total undergraduate business adjuncts and visiting business faculty | 14 |
| Total undergraduate permanent/tenured business professors | 62 |
23% of permanent/tenured business professors are women
3% 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: Dr. Richard MacMinn, Dr. Victor Devinatz, Dr. Mike Williams
STUDENT LIFE
Freshmen are required to live on campus
34%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): 1471
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
The COB moved to a new building in 2005 that has 50 percent more lab seats, power/data jacks at every classroom seat, wireless coverage, a 1.6 million dollar AV system and unique facilities for sales and finance training. The University has covered most of campus with wireless, students use a portal for most support activities, a computer is now required for all freshmen, and there is an office that helps students purchase computers and software at discounted rates.
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 47% of 2006 graduates
Of 2006 graduates for whom we have information...
44% were seeking full-time professional employment in business
56% were not seeking full-time professional employment in business
For those not seeking employment in business...
87% of those were already employed at graduation
10% were planning to continue their education immediately after graduation
NA % were postponing their job search
NA % were planning to start their own business
3% of those not working were doing so for other reasons
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...
53 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
47 did not report having received an offer
| Top 10 recruiting firms that hired the most graduates in the past academic year | No. hired |
| State Farm Insurance | 14 |
| Archer Daniels Midland | 7 |
| Country Insurance & Financial Services | 7 |
| Enterprise Rent-A-Car Company | 7 |
| Caterpillar Inc. | 6 |
| Wells Fargo | 5 |
| Illinois State University | 4 |
| Aerotek | 3 |
| AFNI | 3 |
| Ameriprise Financial, Inc. | 3 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 41,000.00 |
| Median base salary | $ 37,500.00 |
| 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.) | 17% |
| Accounting/auditing | 18% |
| General Management | 7% |
| Human Resources | 5% |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | 22% |
| Management Information Systems | 2% |
| Operations | 0% |
| Logistics/Transportation | 0% |
| Other | 29% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? No
| Accounting | NA % |
| Consumer Products & Retail | NA % |
| Consulting | NA % |
| Financial Services | NA % |
| Government, Nonprofit, & Education | NA % |
| Health | NA % |
| Manufacturing | NA % |
| Media & Entertainment | NA % |
| Sports & Leisure | NA % |
| Technology & Science | NA % |
| Transportation | NA % |
| UTILITIES | NA % |
| Other | NA % |
North American Jobs
0% 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) | 1% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 2% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 1% |
| Southwest (CO, AZ, TX, OK, NM) | NA % |
| Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 95% |
| West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) | 1% |
| U.S. possessions and territories (America Samoa, Palau, Guam, Puerto Rico, Virgin Islands) | 1% |
| Canada | 0% |
INTERNSHIPS
companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006
76% of internships were paid.
| Average compensation per week | $ 355.00 |
| Median compensation per week | $ 365.00 |
| Average internship length (weeks) | 12 |
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 |
| State Farm Insurance | 12 |
| Caterpillar Inc. | 10 |
| Country Insurance & Financial Services | 9 |
| Enterprise-Rent-A-Car | 9 |
| Illinois State University | 9 |
| PricewaterhouseCoopers | 6 |
| AFLAC Inc. | 4 |
| AFNI, inc. | 4 |
| Fatsenal | 4 |
| Target Corp. | 3 |
ALUMNI AFFAIRS
6% 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 | $ 166.00 |
| The median gift was | $ 55.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 6% received any individual gift in excess of $10 million
Prominent Alumni
Jim Tyree, Chairman & CEO, Mesirow Financial
Stan Ommen, President & CEO, State Farm Financial Serv
Michael Richard, Sr. V.P. & Treasurer, McDonald's Corporation
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of 120 for Bachelor of Science |
| Minimum of 68 for Bachelor of Science |
