2007 UNDERGRAD PROFILE
James Madison University
College of Business
B-School and Program Basics
| Address: | MSC 0207 James Madison University Harrisonburg, VA US 22807 |
Program E-Mail |
Program Web site |
College of Business is a public institution.
Undergrad business program was founded: 1968
Accredited by AACSB International
Classes begin:
| Other Annual Admissions | 08/27/2007 |
| NA | |
Enrollment
| Total undergraduate business school enrollment | 3218 |
| Total full-time undergraduate business students | 3109 |
| Total part-time undergraduate business students | 109 |
| Total distance undergraduate business students | 0 |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 44% |
| International students | 1% |
For U.S. schools only: |
|
| African American students | 3% |
| Native Americans | 0% |
| Asian Americans | 7% |
| Hispanic | 2% |
| White (non-Hispanic) | 82% |
| Unknown | 6% |
| Other | 0% |
U.S. students by region:
| Mid-Atlantic U.S. | 79% |
| Midwest U.S. | 1% |
| Northeast U.S. | 17% |
| South U.S. | 2% |
| Southwest U.S. | 1% |
| West U.S. | 0% |
| U.S. Possessions and territories | 0% |
Citizenship:
| U.S. | 99% |
| Canada | 0% |
| 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 | 1140 |
| Median | 1130 |
| Range (Middle 80%) | From 1050 to 1230 |
| Minimum SAT Score | |
ACT Scores for full-time entering business students |
|
| Average | 23 |
| Median | 23 |
| Range (Middle 80%) | From 21 to 26 |
| Minimum ACT Score | NA |
| Minimum High School GPA | NA |
| Does the school require an entrance exam? | No |
| Student Age (years) | |
| Average | 20 |
| Median | 20 |
| High School performance of entering business students | |
| Top 10% of high school class | 31% |
| Top 25% of high school class | 78% |
| GPA of 3.75 or higher | 35% |
| GPA of 3.5 to 3.75 | 27% |
| GPA of 3.25 to 3.49 | 26% |
| GPA of 3.00 to 3.24 | 10% |
| GPA of 2.50 to 2.99 | 2% |
| 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 | NA |
| Additional application requirements | |
| To be admitted to the College of Business - and be allowed to take business courses beyond the sophomore level courses - a student must have at least a 2.8 GPA in the ten 100 and 200-level business courses taken during the freshman and sophomore years, and must have at least a 2.8 cumulative GPA in all courses taken at JMU. | |
ADMISSIONS
| University Application fee (resident) | $ 40.00 | ||
| University Application fee (nonresident) | $ 40.00 | ||
| University Application fee (non-resident transfers) | $ 40.00 | ||
The business program's financial aid office manages admissions to the business program
17765 people applied to undergraduate programs for the 2006 academic year. The school accepted 83% (selectivity) of those applicants, and 99% of admitted applicants (yield) enrolled.
1% of applicants had applied in prior years, and of those reapplicants 76% were accepted.
The university placed 795 applicant(s) on its wait list. 235 wait-listed applicants were admitted to the semester for which they applied.
Does the business program admit freshmen? Yes
0% of 2006 admissions to the program were freshmen
How do freshmen apply? Indicate interest on university application
Just to clarify, any student accepted for admission to JMU as a freshman can declare business as his/her major, and begin taking 100 and 200-level business courses. Once enrolled at JMU, a student can declare business as his/her major. To take junior-level business courses, a student must apply to the College of Business and be accepted.
How do internal transfers apply? NA
To be admitted to the College of Business - and be allowed to take business courses beyond the sophomore level courses - a student must have at least a 2.8 GPA in the ten 100 and 200-level business courses taken during the freshman and sophomore years, and must have at least a 2.8 cumulative GPA in all courses taken at JMU.
1029 freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
83% of these applicants were admitted to the program and 0% of admitted students enrolled.
1029 internal candidates (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year. 83 were admitted to the program.
| Share of all university applicants who are female: | 60% |
| Share of all university applicants who are not from the U.S. | 1% |
Interviews for applicants are Not offered
Additional application requirements (including those for international students):
Transfer Students must:
1. have completed 24 hours of college credits
2. be in good standing at their present institution, and
3. have earned at least a "C" cumulative grade point average (2.0 on 4.0 scale).
International students must present:
1. evidence of English proficiency, and
2. documentation of sufficient financial resources.
Relative importance of the following factors in deciding who gets admitted to the university:
Secondary School Record: Very Important
Class Rank: Considered
High School GPA: Very Important
SAT/ACT Scores: Important
Application Essay: Considered
Recommendations: Considered
Interview: Not Considered
Extracurricular Activities: Considered
Talent/ability: Considered
Character/personal qualities: Considered
Volunteer Work: Considered
Work Experience: Considered
COSTS
Annual Costs
| Resident Tuition | $ 6,290.00 |
| Nonresident Tuition | $ 16,236.00 |
| Room and Board | $ 6,496.00 |
| Books | $ 1,200.00 |
| Other Expenses (please specify) | |
Tuition per credit hour (U.S. dollars)
| Resident | $ 262.00 |
| Nonresident | $ 677.00 |
2007-2008 DEADLINES
| University Application deadlines for: | Other Annual Admissions | 01/15/2007 |
| Business Program deadlines for: | |
| TrimesterSemester | 10/01/2006 |
| Annual AdmissionsOther | 02/01/2007 |
| SemesterSemester | 02/01/2007 |
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: $ 247,000.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 152,123.00
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 | 6% |
| Percent of business students receiving full-tuition scholarships | 6% |
| Percent of scholarships offered to business students based on need | 15% |
| Percent of scholarships offered to business students based on merit | 85% |
How do applicants apply for scholarships?
All financial aid applicants must undergo a standardized federal "needs analysis" by completing a Free Application for Federal Student Aid (FAFSA). To receive full consideration, students should ensure that their FAFSA has reached the federal government by March 1 prior to the academic year for which they are seeking financial assistance.
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: $ 13,004.00
CONTACTS
| Dean Robert D. Reid | Hired as of 09/01/1996 |
ACADEMICS & REQUIREMENTS
Specializations offered:
Accounting, , ,
Quantitative Finance
Programs Offered
| BBA | Accounting, Computer Information Systems | Full time |
| BBA | Economics, Finance, Hosp & Tourism Mgt | Full time |
| BBA | International Bus, Management, Marketing | Full time |
| BS | Economics, Quantitative Finance | Full time |
| BA | Economics | Full time |
| Core curriculum last revised 2000 |
| Average class size in required business classes | 40 |
| Average class size in business electives | 26 |
| Average class size in non-business classes (required for admission to the business program | 42 |
16% of business classes (core and elective) have fewer than 20 students
70% of business classes (core and elective) have 21 to 50 students
14% 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.
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, Human Resource Management, Management Information Systems, Marketing
Number of elective courses (not multiple sessions of same course) available in the past academic year: 24
New electives added in the past academic year:
CIS 464 - Info Systems Project Mgt
ECON 307 - Economics of Aging
FIN 350 - Intro to Quantitative Finance
FIN 375 - Securities Analysis & Training
FIN 475 - Financial Modeling & Risk Mgt
What special programs are available to business students?
Madison Investment Fund - Select students manage university funds
Center for Entrepreneurship - Students are consultants to real businesses
Entrepreneur-in-Residence Program - real world practitioner available to help students take ideas to reality in form of business
Business Plan Competition - 6 teams invited to present business plans to venture capitalists; winners receive scholarships and possible funding for plan
Ethics Essay Competion - winners receive scholarships
| Work study or co-op opportunities | No |
| Study abroad opportunities | Yes |
|
Semester abroad programs are available in Antwerp, Beijing (Summer), Florence, London, and Salmanca.
There are numerous short-term programs available in countries in Africa, Asia, Australia, Europe, and South America. There are several exchange programs with leading universities in Australia, England, Japan, Korea, and Spain, among others. Approximately 11% of business students study abroad, which is twice the JMU percentage. |
|
| Volunteer and community service opportunities | Yes |
| JMU offers students a variety of rich and rewarding opportunities for volunteer work and community service through its Community Service Learning. Community Service-Learning is a partnership joining JMU students, faculty, staff, and the surrounding communities by identifying and coordinating intentional service opportunities to cultivate social responsibility and life-long learning, thereby fostering a generation of leaders committed to positive social change.
Community Service-Learning (CS-L) coordinates partnerships with over 75 community service agencies to help meet the needs of the community and improve the standard of life in the Shenandoah Valley. CS-L is an active member of community networks such as Healthy Community, Hispanic Services Council, Rockingham County Partners for Student Success, and Valley Volunteer Forum. |
|
| Business clubs and extracurricular activities | Yes |
|
The CoB has four professional business fraternities that a student may join. Also, there are a number of other business organizations and clubs, and each of them is associated with one of the majors offered in the CoB.
There are also honor societies for certain majors, as well as a chapter of Beta Gamma Sigma, the national honor society for business majors, and the highest honor that a business major can receive. Membership in these organizations is by invitation only. |
|
FACULTY
| Total full-time undergraduate business faculty | 121 |
| Total undergraduate business adjuncts and visiting business faculty | 19 |
| Total undergraduate permanent/tenured business professors | 66 |
24% of permanent/tenured business professors are women
6% of permanent/tenured business professors are underrepresented minorities (African American, Hispanic American or Native American)
1% of permanent/tenured business professors are members of company boards of directors or boards of advisors
1% of permanent/tenured business professors have owned their own business
Prominent Faculty: J. Barkley Rosser, Jr., Daniel G. Gallagher, Timothy J. Louwers
STUDENT LIFE
Freshmen are required to live on campus
100%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): 696
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
CoB classrooms had new data projectors installed;
Two largest classrooms have document camera available;
CoB building had 802.11b wireless upgraded;
Additional electronic resources - such as databases - were acquired and made available to students. Specifically, we have added Compustat, WRDS Platform with CRSP, Journal Citation Reports, Business Source Premier, and BNA Tax Management Portfolios.
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 65% of 2006 graduates
Of 2006 graduates for whom we have information...
47% were seeking full-time professional employment in business
53% were not seeking full-time professional employment in business
For those not seeking employment in business...
71% of those were already employed at graduation
9% were planning to continue their education immediately after graduation
20% were postponing their job search
0% were planning to start their own business
0% of those not working were doing so for other reasons
160 companies recruited business students on campus from June 30, 2005 to June 30, 2006
439 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...
43 received their first job offer by graduation
31 received their first job offer within three months of graduation
20 received their first job offer more than three months after graduation
6 did not report having received an offer
| Top 10 recruiting firms that hired the most graduates in the past academic year | No. hired |
| PricewaterhouseCoopers | 14 |
| KPMG LLP | 13 |
| Ryan Homes | 12 |
| Ernst & Young | 10 |
| Bearing Point; Deloitte & Touche | 8 |
| Marriott; Sprint; Cherry, Bekeart, and Holland | 5 |
| T. Rowe Price; Fannie Mae; Target | 4 |
| Accenture; Hyatt; Veris Consulting; Protiviti | 3 |
| Freddie Mac; Sun Trust; BB&T; Walgreen's | 2 |
| Goldman Sachs; IBM; Many Others | 1 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 44,769.00 |
| Median base salary | $ 46,000.00 |
| Average signing bonus | $ 2,000.00 |
| Median signing bonus | $ 2,000.00 |
| 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.) | 24% |
| Accounting/auditing | 25% |
| General Management | 16% |
| Human Resources | 2% |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | 18% |
| Management Information Systems | 8% |
| Operations | 4% |
| Logistics/Transportation | 0% |
| Other | 3% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? No
| Accounting | 26% |
| Consumer Products & Retail | 21% |
| Consulting | 10% |
| Financial Services | 16% |
| Government, Nonprofit, & Education | 7% |
| Health | 0% |
| Manufacturing | 6% |
| Media & Entertainment | 0% |
| Sports & Leisure | 8% |
| Technology & Science | 0% |
| Transportation | 0% |
| UTILITIES | 2% |
| 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) | 8% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 86% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 3% |
| Southwest (CO, AZ, TX, OK, NM) | 1% |
| Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 1% |
| 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) | 3% |
| Canada | 0% |
INTERNSHIPS
112 companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006
80% of internships were paid.
| Average compensation per week | $ 510.00 |
| Median compensation per week | $ 450.00 |
| Average internship length (weeks) | 11 |
68 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; Marriott Int'l. | 7 |
| KPMG LLP | 4 |
| Deloitte; Freddie Mac; Ryan Homes; Johnson & Lambert | 3 |
| Hilton; Verizon; Target; Crate & Barrel; Beers & Cutler | 2 |
| Walt Disney World; Merck; Bearing Point; Many Others | 1 |
ALUMNI AFFAIRS
11% 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 | $ 380.00 |
| The median gift was | $ 100.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 11% received any individual gift in excess of $10 million
Prominent Alumni
E. Wayne Jackson, CEO and Director, Sourcefire, Inc.
Amy McPherson, Executive VP - Sales & Mktg, Marriott International
Michael Thomas, Exec VP - Mgt & Data Sys, Lockheed Martin
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of 120 for BBA |
| Minimum of 69 for BBA |
