2007 UNDERGRAD PROFILE
Iowa State University
College of Business
B-School and Program Basics
| Address: | 1200 Gerdin Business Building Iowa State University Ames, IA US 50011 |
Program E-Mail |
Program Web site |
College of Business is a public institution.
Undergrad business program was founded: 1984
Accredited by AACSB International
Classes begin:
| Spring Semester | 01/08/2007 |
| Summer Other | 05/14/2007 |
| Summer Other | 06/11/2007 |
| Fall Semester | 08/20/2007 |
Enrollment
| Total undergraduate business school enrollment | 3313 |
| Total full-time undergraduate business students | 3313 |
| Total part-time undergraduate business students | 0 |
| Total distance undergraduate business students | 0 |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 38% |
| International students | 4% |
For U.S. schools only: |
|
| African American students | 5% |
| Native Americans | 0% |
| Asian Americans | 4% |
| Hispanic | 3% |
| White (non-Hispanic) | 85% |
| Unknown | 3% |
| Other | 0% |
U.S. students by region:
| Mid-Atlantic U.S. | 0% |
| Midwest U.S. | 97% |
| Northeast U.S. | 0% |
| South U.S. | 0% |
| Southwest U.S. | 2% |
| West U.S. | 1% |
| U.S. Possessions and territories | 0% |
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? | Yes |
SAT Scores for full-time entering business students |
|
| Average | |
| Median | |
| Range (Middle 80%) | From to |
| Minimum SAT Score | |
ACT Scores for full-time entering business students |
|
| Average | 22.6 |
| Median | 23 |
| Range (Middle 80%) | From 20 to 25 |
| Minimum ACT Score | NA |
| Minimum High School GPA | NA |
| Does the school require an entrance exam? | No |
| Student Age (years) | |
| Average | 19 |
| Median | 18 |
| High School performance of entering business students | |
| Top 10% of high school class | 11% |
| Top 25% of high school class | 30% |
| GPA of 3.75 or higher | 24% |
| GPA of 3.5 to 3.75 | 21% |
| GPA of 3.25 to 3.49 | 19% |
| GPA of 3.00 to 3.24 | 16% |
| GPA of 2.50 to 2.99 | 17% |
| 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 | |
ADMISSIONS
| University Application fee (resident) | $ 30.00 | ||
| University Application fee (nonresident) | $ 30.00 | ||
| University Application fee (non-resident transfers) | $ 30.00 | ||
The business program's financial aid office manages admissions to the business program
11903 people applied to undergraduate programs for the 2006 academic year. The school accepted 88% (selectivity) of those applicants, and 54% of admitted applicants (yield) enrolled.
NA % of applicants had applied in prior years, and of those reapplicants NA % were accepted.
The university placed 0 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? No
75% of 2006 admissions to the program were freshmen
How do freshmen apply? NA
Incoming freshmen are admitted to the College of Business when they indicate business is their area of business. However, students must formally apply for admission to the professional program after completing 30 credits of courses (including foundation courses) with a 2.50 GPA minimum. This process occurs at the end of the sophomore year.
How do internal transfers apply? Separate application
1175 freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
88% of these applicants were admitted to the program and 75% 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: | 43% |
| Share of all university applicants who are not from the U.S. | 3% |
Interviews for applicants are Not required
Additional application requirements (including those for international students):
Must graduate in upper half of high school graduating class; if in lower half of class, a composite of high school rank and ACT/SAT score is used to consider application
Relative importance of the following factors in deciding who gets admitted to the university:
Secondary School Record: Considered
Class Rank: Very Important
High School GPA: Considered
SAT/ACT Scores: Important
Application Essay: Not Considered
Recommendations: Not Considered
Interview: Not Considered
Extracurricular Activities: Not Considered
Talent/ability: Not Considered
Character/personal qualities: Not Considered
Volunteer Work: Not Considered
Work Experience: Not Considered
COSTS
Annual Costs
| Resident Tuition | $ 5,086.00 |
| Nonresident Tuition | $ 15,580.00 |
| Room and Board | $ 6,854.00 |
| Books | $ 892.00 |
| Other Expenses (please specify) | |
| Activity & services fee | $368.00 |
| Health facility fee | $16.00 |
| Health fee | $178.00 |
Tuition per credit hour (U.S. dollars)
| Resident | $ 212.00 |
| Nonresident | $ 650.00 |
2007-2008 DEADLINES
| University Application deadlines for: | Spring Semester | 12/01/2006 | Summer Other | 05/15/2007 | Summer Other | 06/01/2007 | Fall Semester | 07/01/2007 |
| Business Program deadlines for: | |
| FallTrimesterSemester | 09/04/2006 |
| FallAnnual AdmissionsOther | 02/05/2007 |
| FallSemesterSemester | 06/04/2007 |
| 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: $ 8,719,264.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 8,224,891.00
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 | 79% |
| Percent of business students receiving full-tuition scholarships | 79% |
| Percent of scholarships offered to business students based on need | 54% |
| Percent of scholarships offered to business students based on merit | 46% |
How do applicants apply for scholarships?
By submitting an application to be admitted to the university, students are automatically considered for scholarships; FAFSA applications are automatically considered for federal grants and need-based scholarships; students can apply directly for specific 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 Labh S. Hira | Hired as of |
ACADEMICS & REQUIREMENTS
Specializations offered:
Accounting, , , ,
Programs Offered
| BS | Accounting | Full time |
| BS | Finance | Full time |
| BS | Marketing | Full time |
| BS | Management | Full time |
| BS | Operations and Supply Chain Management | Full time |
| Core curriculum last revised Prior to 2000 |
| Average class size in required business classes | 79 |
| Average class size in business electives | 31 |
| Average class size in non-business classes (required for admission to the business program | 20 |
15% of business classes (core and elective) have fewer than 20 students
32% of business classes (core and elective) have 21 to 50 students
53% of business classes (core and elective) have more than 50 students
100% of required business courses reached maximum enrollment by the first day of class from June 30, 2004 to June 30, 2005.
12% 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, Marketing, Transportation
Number of elective courses (not multiple sessions of same course) available in the past academic year: 32
New electives added in the past academic year:
Social Entrepreneurship
Supply Chain Information Systems
Project Management
Fixed Income Security Analysis
Advanced Fixed Income Analysis
International Finance
What special programs are available to business students?
secondary major in international business; entrepreneurial studies minor; honors courses; business consulting projects; learning communities (general and entrepreneurship)
| Work study or co-op opportunities | Yes |
| The college participates in the university's work study program for eligible students (based on financial need and academic performance). | |
| Study abroad opportunities | Yes |
| The college offers semester-long programs in Italy, Greece, Australia, Swansea, Tilburg, Aston, New Zealand, Ireland, and Spain. Study tour classes are offered each summer. Students can also participate in any university-sponsored study abroad opportunities, which are limitless. | |
| Volunteer and community service opportunities | Yes |
| Business student clubs volunteer for a variety of groups, such as Habitat for Humanity, and also participate in fund-raising activities for worthy causes. | |
| Business clubs and extracurricular activities | Yes |
| The College offers 15 different clubs or organizations for business students, includingAlpha Kappa Psi; Beta Alpha Psi; Business Council; Business Week; Delta Sigma Pi; Entrepreneur Club; International Business Club; Finance Club; APICS Club; MIS Club; Marketing Club; Multicultural Business Network; Society of Human Resource Management; and TransLog Club. Students can also become active participants and planners for Career Week. | |
FACULTY
| Total full-time undergraduate business faculty | 88 |
| Total undergraduate business adjuncts and visiting business faculty | 21 |
| Total undergraduate permanent/tenured business professors | 67 |
25% of permanent/tenured business professors are women
37% 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
3% of permanent/tenured business professors have owned their own business
Prominent Faculty: Amrit Tiwana, Richard Poist, R. Kenneth Teas
STUDENT LIFE
Freshmen are not required to live on campus
66%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): 1406
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
College moved into new high-tech building with every classroom high-tech enabled. 258 computers new three years ago, about half replaced within last year. Fully-functional trading lab. Building is wireless. Specialized software for students, many with industry applications.
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 95% of 2006 graduates
Of 2006 graduates for whom we have information...
94% were seeking full-time professional employment in business
6% were not seeking full-time professional employment in business
For those not seeking employment in business...
NA % of those were already employed at graduation
91% were planning to continue their education immediately after graduation
9% were postponing their job search
0% were planning to start their own business
0% of those not working were doing so for other reasons
306 companies recruited business students on campus from June 30, 2005 to June 30, 2006
556 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 | 31 |
| Principal Financial Group | 27 |
| Allied Insurance | 15 |
| TMC Transportation | 11 |
| John Deere; Target | 9 |
| Cerner Corp. | 8 |
| Federated Insurance | 7 |
| Cargill; HyVee, Inc.; IBM Corp. | 6 |
| 3 PL Corp; Caterpillar; McGladrey & Pullen; Nationwide Insurance; Union Pacific Railroad; USG | 5 |
| Citigroup; Deloitte & Touche; Ernst & Young; Hormel Foods; KPMG | 4 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 40,253.00 |
| Median base salary | $ 40,500.00 |
| 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? No
| Finance (includes corporate finance, investments, treasury and financial analysis, public finance, etc.) | 23% |
| Accounting/auditing | 13% |
| General Management | 17% |
| Human Resources | 0% |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | 26% |
| Management Information Systems | 13% |
| Operations | 3% |
| Logistics/Transportation | 5% |
| Other | 0% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? No
| Accounting | 5% |
| Consumer Products & Retail | 16% |
| Consulting | 2% |
| Financial Services | 30% |
| Government, Nonprofit, & Education | 4% |
| Health | 4% |
| Manufacturing | 7% |
| Media & Entertainment | 2% |
| Sports & Leisure | 2% |
| Technology & Science | 2% |
| Transportation | 10% |
| UTILITIES | 1% |
| Other | 10% |
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) | 1% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 2% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 2% |
| Southwest (CO, AZ, TX, OK, NM) | 3% |
| Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 89% |
| West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) | 3% |
| U.S. possessions and territories (America Samoa, Palau, Guam, Puerto Rico, Virgin Islands) | 2% |
| Canada | 0% |
INTERNSHIPS
154 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 | $ 11.00 |
| Median compensation per week | $ 12.00 |
| Average internship length (weeks) | 12 |
252 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 |
| Kingland Systems | 52 |
| Principal Financial Group | 46 |
| Iowa State University | 44 |
| Aegon Group | 15 |
| Northwestern Mutual Financial Network; Pella Corp | 13 |
| ING-Des Moines Companies | 12 |
| Allied Insurance | 11 |
| Target Corp. | 10 |
| Wal-Mart Corporation | 9 |
| International Paper Co; John Deere | 8 |
ALUMNI AFFAIRS
5% 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 | $ 309.00 |
| The median gift was | $ 60.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 5% 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 122 for Bachelor of Science |
| Minimum of 122 for Bachelor of Science |
