2007 UNDERGRAD PROFILE
Lehigh University
College of Business and Economics
B-School and Program Basics
| Address: | 621 Taylor Street Bethlehem, PA US 18015 |
Program E-Mail |
Program Web site |
College of Business and Economics is a private institution.
Undergrad business program was founded: 1910
Accredited by AACSB International
Classes begin:
| Fall Annual Admissions | 08/27/2007 |
| Fall Annual Admissions | 08/27/2007 |
| Fall Annual Admissions | 08/27/2007 |
Enrollment
| Total undergraduate business school enrollment | 1258 |
| Total full-time undergraduate business students | 1246 |
| Total part-time undergraduate business students | 12 |
| Total distance undergraduate business students | 0 |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 36% |
| International students | 5% |
For U.S. schools only: |
|
| African American students | 3% |
| Native Americans | 1% |
| Asian Americans | 9% |
| Hispanic | 7% |
| White (non-Hispanic) | 72% |
| Unknown | 6% |
| Other | 2% |
U.S. students by region:
| Mid-Atlantic U.S. | 23% |
| Midwest U.S. | 5% |
| Northeast U.S. | 61% |
| South U.S. | 2% |
| Southwest U.S. | 2% |
| West U.S. | 6% |
| U.S. Possessions and territories | 1% |
Citizenship:
| U.S. | 95% |
| Canada | 0% |
| Other | 5% |
| 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 | 1281 |
| Median | 1300 |
| Range (Middle 80%) | From 1220 to 1350 |
| Minimum SAT Score | |
ACT Scores for full-time entering business students |
|
| Average | n/a |
| Median | n/a |
| Range (Middle 80%) | From n/a to n/a |
| 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 | 86% |
| Top 25% of high school class | 14% |
| GPA of 3.75 or higher | 56% |
| GPA of 3.5 to 3.75 | 18% |
| GPA of 3.25 to 3.49 | 18% |
| GPA of 3.00 to 3.24 | 6% |
| 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 | |
| There is no minimum overall college GPA required for internal transfer to the College of Business and Economics. Lehigh has a fluid internal transfer policy that allows students to move between colleges without application. Each student transferring within Lehigh must complete a petition form and meet with the Associate Dean of the college that they are transferring from as well as the Associate Dean of the college that they are transferring into, for guidance and advice. | |
ADMISSIONS
| University Application fee (resident) | $ 65.00 | ||
| University Application fee (nonresident) | $ 65.00 | ||
| University Application fee (non-resident transfers) | $ 65.00 | ||
The university financial aid office manages admissions to the business program
10689 people applied to undergraduate programs for the 2006 academic year. The school accepted 35% (selectivity) of those applicants, and 41% of admitted applicants (yield) enrolled.
0% of applicants had applied in prior years, and of those reapplicants 0% were accepted.
The university placed 1942 applicant(s) on its wait list. 2 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
How do internal transfers apply? NA
There is no minimum overall college GPA required for internal transfer to the College of Business and Economics. Lehigh has a fluid internal transfer policy that allows students to move between colleges without application. Each student transferring within Lehigh must complete a petition form and meet with the Associate Dean of the college that they are transferring from as well as the Associate Dean of the college that they are transferring into, for guidance and advice.
2002 freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
35% 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: | 43% |
| Share of all university applicants who are not from the U.S. | 8% |
Interviews for applicants are Recommended, Not required
Additional application requirements (including those for international students):
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: Considered
SAT/ACT Scores: Important
Application Essay: Important
Recommendations: Very Important
Interview: Not Considered
Extracurricular Activities: Important
Talent/ability: Important
Character/personal qualities: Very Important
Volunteer Work: Important
Work Experience: Considered
COSTS
Annual Costs
| Resident Tuition | $ 31,180.00 |
| Nonresident Tuition | $ 31,180.00 |
| Room and Board | $ 8,560.00 |
| Books | $ 1,000.00 |
| Other Expenses (please specify) | |
Tuition per credit hour (U.S. dollars)
| Resident | NA |
| Nonresident | NA |
2007-2008 DEADLINES
| University Application deadlines for: | Fall Annual Admissions | 11/15/2006 | Fall Annual Admissions | 01/15/2007 | Fall Annual Admissions | 01/01/2007 |
| Business Program deadlines for: | |
| SemesterAnnual Admissions | 11/15/2006 |
| SemesterAnnual Admissions | 01/15/2007 |
| SemesterAnnual Admissions | 01/01/2007 |
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: $ 9,261,277.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 1,079,823.00
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 | 42% |
| Percent of business students receiving full-tuition scholarships | 42% |
| Percent of scholarships offered to business students based on need | 85% |
| Percent of scholarships offered to business students based on merit | 21% |
How do applicants apply for 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: $ 13,951.00
CONTACTS
| Dean Thomas J. Hyclak | Hired as of 07/01/2004 |
ACADEMICS & REQUIREMENTS
Specializations offered:
Accounting, Real Estate, , ,
Programs Offered
| BS | Business and Economics | Full time |
| BS | Intergrated Business and Engineering | Full time |
| BS | Accounting | Full time |
| BS | Finance | Full time |
| BS | Management | Full time |
| BS | Marketing | Full time |
| BS | Supply Chain Management | Full time |
| Core curriculum last revised 2002 |
| Average class size in required business classes | 23 |
| Average class size in business electives | 21 |
| Average class size in non-business classes (required for admission to the business program | 20 |
48% of business classes (core and elective) have fewer than 20 students
52% of business classes (core and elective) have 21 to 50 students
0% of business classes (core and elective) have more than 50 students
17% 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, Economics, Finance, Marketing, Supply Chain Management
Number of elective courses (not multiple sessions of same course) available in the past academic year: 172
New electives added in the past academic year:
Introductory Seminar in Real Estate
Integrated Real Estate Field Laboratory
Real Estate Value Creation
Summer Integrated Real Estate Program
Real Estate Practicum Clerkship
Values, Ethical Actions & Leadership
Seminar in MicroFinance
What special programs are available to business students?
Computer Science and Business, Integrated Business and Engineering (Honors), Eckhart Scholars (Honors), Minor in Integrated Real Estate, Minor in Entrepreneurship, Minor in Engineering
| Work study or co-op opportunities | Yes |
| During the academic year, many students participate in externships with a variety of different businesses. Summer internships are quite common and are encouraged by faculty who also frequently assist students in the process | |
| Study abroad opportunities | Yes |
| The College offers a number of summer study abroad programs that are led by College faculty: Lehigh in Prague; Lehigh in Brussels; Lehigh in Ireland; Lehigh in Shanghai. Many business students also participate in study abroad programs sponsored by other Universities, both during the summer and during the academic year. | |
| Volunteer and community service opportunities | Yes |
| There are many opportunities for volunteer work and community service. The most notable of these are Delta Sigma Pi, the Professional Business Fraternity and Beta Alpha Psi, the Accounting Honor Society. Both organizations create such opportunities for their members. The minor in Integrated Real Estate requires 40 hours of community service. | |
| Business clubs and extracurricular activities | Yes |
| Beta Alpha Psi, Delta Sigma Pi, Women in Business, Economics Society, Accounting Club, Marketing Club, Investment Club, Hispanic Business Students Society, Ethics Club, and Omicron Delta Epsilon (the economics honors society) | |
FACULTY
| Total full-time undergraduate business faculty | 64 |
| Total undergraduate business adjuncts and visiting business faculty | 14 |
| Total undergraduate permanent/tenured business professors | 35 |
17% of permanent/tenured business professors are women
0% of permanent/tenured business professors are underrepresented minorities (African American, Hispanic American or Native American)
2% of permanent/tenured business professors are members of company boards of directors or boards of advisors
2% of permanent/tenured business professors have owned their own business
Prominent Faculty: Shin Yi Chou, Michael Santoro, K. Sivakumar
STUDENT LIFE
Freshmen are required to live on campus
69%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): 572
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
Financial Services Lab: A partnership with IBM. The lab has tickers and software for simulated trading. Students see live coverage of CNBC, CNNfn, and Bloomberg. Students enjoy real-world trading, real-time insights into the global economy and financial markets and use the lab for advanced research and developing and testing dynamic programming models of portfolio optimization. The goals of the lab are to maximize the classroom expertise, and enhance employment opportunities for graduates
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 82% of 2006 graduates
Of 2006 graduates for whom we have information...
89% were seeking full-time professional employment in business
11% were not seeking full-time professional employment in business
For those not seeking employment in business...
0% of those were already employed at graduation
79% were planning to continue their education immediately after graduation
14% were postponing their job search
0% were planning to start their own business
7% of those not working were doing so for other reasons
98 companies recruited business students on campus from June 30, 2005 to June 30, 2006
459 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
98 received their first job offer more than three months after graduation
2 did not report having received an offer
| Top 10 recruiting firms that hired the most graduates in the past academic year | No. hired |
| KPMG LLP | 26 |
| Ernst & Young | 24 |
| PricewaterhouseCoopers | 20 |
| Merrill Lynch; Rothstein Kass & Co | 12 |
| Bear Stearns Cos. | 5 |
| Johnson & Johnson; Goldman Sachs; CIT | 12 |
| Eisner LLP; Linens & Things | 9 |
| I-DEAL; Deloitte & Touche; Bloomberg; American international; JPMorgan; Accenture | 12 |
| IBM Business Consulting; United Parcel Service; Smith Barney | 6 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 51,336.00 |
| Median base salary | $ 52,000.00 |
| 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? No
| Finance (includes corporate finance, investments, treasury and financial analysis, public finance, etc.) | 25% |
| Accounting/auditing | 41% |
| General Management | 3% |
| Human Resources | 0% |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | 17% |
| Management Information Systems | 11% |
| Operations | 1% |
| Logistics/Transportation | 1% |
| Other | 1% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? No
| Accounting | 37% |
| Consumer Products & Retail | 9% |
| Consulting | 7% |
| Financial Services | 26% |
| Government, Nonprofit, & Education | 1% |
| Health | 0% |
| Manufacturing | 4% |
| Media & Entertainment | 3% |
| Sports & Leisure | 0% |
| Technology & Science | 3% |
| Transportation | 2% |
| UTILITIES | 0% |
| Other | 4% |
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) | 73% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 20% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 2% |
| 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) | 3% |
| U.S. possessions and territories (America Samoa, Palau, Guam, Puerto Rico, Virgin Islands) | 2% |
| Canada | 0% |
INTERNSHIPS
30 companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006
96% of internships were paid.
| Average compensation per week | $ 687.00 |
| Median compensation per week | $ 742.00 |
| Average internship length (weeks) | 11 |
265 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 |
| PricewaterhouseCoopers | 22 |
| KPMG LLP; Ernst & Young | 20 |
| Merrill Lynch | 11 |
| Deutsche Bank | 9 |
| Deloitte Touche Tomatsu | 8 |
| Bear Stearns; Goldman Sachs | 7 |
| Citigroup | 4 |
| IBM Business Consulting; JPMorgan | 2 |
ALUMNI AFFAIRS
24% 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 | $ 2,528.00 |
| The median gift was | $ 100.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 24% received any individual gift in excess of $10 million
Prominent Alumni
Roger S. Penske, Chairman & CEO, Penske Corporation
Joe Perella, Principal, Perella Weinberg Partners
Wendell P. Weeks, President & CEO, Corning Inc.
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of 124 for BS |
| Minimum of 46 for BS |
