B-School and Program Basics
| Address: |
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104 Laws Hall
Miami University
Oxford, OH
US 45013 |
Farmer School of Business is a public institution.
Undergrad business program was founded: 1928
Accredited by AACSB International
Classes begin:
| Fall Semester |
08/20/2007
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| Spring Semester |
01/14/2008
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Enrollment
| Total undergraduate business school enrollment | 4182 |
| Total full-time undergraduate business students | 4131 |
| Total part-time undergraduate business students | 51 |
| Total distance undergraduate business students | 0 |
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STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 55% |
| International students | 1% |
For U.S. schools only: |
| African American students | 3% |
| Native Americans | 1% |
| Asian Americans | 2% |
| Hispanic | 2% |
| White (non-Hispanic) | 87% |
| Unknown | 4% |
| Other | 1% |
U.S. students by region:
| Mid-Atlantic U.S. | 4% |
| Midwest U.S. | 85% |
| Northeast U.S. | 5% |
| South U.S. | 4% |
| Southwest U.S. | 1% |
| West U.S. | 1% |
| 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
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SAT Scores for full-time entering business students
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| Average
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1206
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| Median
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1210
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| Range (Middle 80%)
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From 1120
to 1290
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| Minimum SAT Score
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ACT Scores for full-time entering business students
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| Average
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26.5
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| Median
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27
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| Range (Middle 80%)
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From 24
to 29
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| Minimum ACT Score
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NA
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| Minimum High School GPA |
NA
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| Does the school require an entrance exam? |
No
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| Student Age (years) |
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| Average |
18
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| Median |
18
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| High School performance of entering business students |
| Top 10% of high school class |
38%
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| Top 25% of high school class |
74%
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| GPA of 3.75 or higher |
43%
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| GPA of 3.5 to 3.75 |
24%
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| GPA of 3.25 to 3.49 |
18%
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| GPA of 3.00 to 3.24 |
10%
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| GPA of 2.50 to 2.99 |
5%
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| GPA of 2.00 to 2.49 |
0%
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| GPA of 1.00 to 1.99 |
0%
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| GPA below 1.0 |
0%
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| For Internal Transfers |
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| Minimum overall college GPA |
3.00
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| Additional application requirements |
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Although "pre-business" can be declared, all students may take business courses and apply for regular business status after completing the following (there is no separate internal transfer process):
60 semester hours, with 12 or more business core hours completed at Miami;
3.00 Miami GPA for business core and Miami Plan courses;
Successful completion of: ACC221, ACC222, DSC205, ECO201, ECO202, MIS235, and MTH151.
Students with a 2.60-3.00 GPA may apply via portfolio review
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ADMISSIONS
| University Application fee (resident) | $ 45.00 |
| University Application fee (nonresident) | $ 45.00 |
| University Application fee (non-resident transfers) | $ 45.00 |
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The university financial aid office manages admissions to the business program
15498 people applied to undergraduate programs for the 2006 academic year. The school accepted 100% (selectivity) of those applicants, and 40% of admitted applicants (yield) enrolled.
NA % of applicants had applied in prior years, and of those reapplicants NA % were accepted.
The university placed 568 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? Yes
100% of 2006 admissions to the program were freshmen
How do freshmen apply? Indicate interest on university application
Miami applicants need only indicate their preference for a business major to be admitted as "pre-business." Advancement to regular business standing occurs after 60 semester hours and successful completion of advancement requirements.
A Business Honors Program, open to 40 incoming freshmen each year, is also offered. Freshmen admitted to the Honors Program are also admitted to the Business School with regular standing. Honors admission is through an additional application process.
How do internal transfers apply? NA
Although "pre-business" can be declared, all students may take business courses and apply for regular business status after completing the following (there is no separate internal transfer process):
60 semester hours, with 12 or more business core hours completed at Miami;
3.00 Miami GPA for business core and Miami Plan courses;
Successful completion of: ACC221, ACC222, DSC205, ECO201, ECO202, MIS235, and MTH151.
Students with a 2.60-3.00 GPA may apply via portfolio review
3447 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: | 55% |
| Share of all university applicants who are not from the U.S. | 1% |
Interviews for applicants are
Not offered, Not required
Additional application requirements (including those for international students):
Transfer - Most transfer students with a B (3.0) average or better in a rigorous academic curriculum have been accepted. When space and facilities permit, transfer students who are below this average but who have at least a 2.0 average will be considered.
International - Students whose native language is not English should score 200 or above on the computer-based TOEFL, score 530 on the paper-based test, or 72 on the Internet-based version. Proof of financial support is also required.
Relative importance of the following factors in deciding who gets admitted to the university:
Secondary School Record: Very Important
Class Rank: Important
High School GPA: Important
SAT/ACT Scores: Important
Application Essay: Important
Recommendations: Important
Interview: Not Considered
Extracurricular Activities: Important
Talent/ability: Considered
Character/personal qualities: Important
Volunteer Work: Considered
Work Experience: Considered
COSTS
Annual Costs
| Resident Tuition | $ 9,911.00 |
| Nonresident Tuition | $ 20,991.00 |
| Room and Board | $ 8,140.00 |
| Books | $ 1,140.00 |
| Other Expenses (please specify) |
| General Fee
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$1,533.00 |
| Metro Fee
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$96.00 |
| Facility Fee
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$120.00 |
Tuition per credit hour (U.S. dollars)
| Resident | $ 875.00 |
| Nonresident | $ 875.00 |
2007-2008 DEADLINES
| University Application deadlines for: |
Fall
Semester |
01/31/2007 |
Spring
Semester |
11/01/2007 |
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| Business Program deadlines for: |
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FINANCIAL AID
The business program's financial aid ofice manages financial aid for the business program
Total scholarship money given to business students through the financial aid office in the 2005 academic year: $ 38,238,222.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 41,528,766.00
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 |
92% |
| Percent of business students receiving full-tuition scholarships |
92% |
| Percent of scholarships offered to business students based on need |
6% |
| Percent of scholarships offered to business students based on merit |
94% |
How do applicants apply for scholarships?
All students are encouraged to complete the Free Application for Federal Student Aid (FAFSA) to be considered for financial assistance. Please visit the Student Financial Assistance website at http://www.units.muohio.edu/sfa/ for additional information.
For Freshmen, complete the Application for Admission (an additional application is required to be considered for the Harrison and Honors Scholarships).
For Returning Students, complete the Returning Student Scholarship Application.
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:
$ 9,461.00
CONTACTS
ACADEMICS & REQUIREMENTS
Specializations offered:
Accounting, , , ,
Students may minor in:
Management and Organizations, Economics
Supply Chain and Operations Management
Decision Sciences in Business, Finance
Management Information Technologies
Arts Management, Marketing
Business Legal Studies, Management
Risk Management and Insurance
Interdisciplinary Business Management
Entrepreneurship
Programs Offered
| BBS
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Available in any of nine major areas: |
Full time |
Accountancy, Economics, Finance |
Interdisciplinary Business Management |
Management and Organizations, Marketing |
Management Information Systems |
Supply Chain and Operations Management |
Decision Sciences |
| Core curriculum last revised Prior to 2000 |
| Average class size in required business classes | 45.5 |
| Average class size in business electives | 28.0 |
| Average class size in non-business classes (required for admission to the business program | 38.8 |
18% of business classes (core and elective) have fewer than 20 students
73% of business classes (core and elective) have 21 to 50 students
9% of business classes (core and elective) have more than 50 students
75% of required business courses reached maximum enrollment by the first day of class from June 30, 2004 to June 30, 2005.
47% 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, Management Information Systems, Marketing, Organizational Behavior
Number of elective courses (not multiple sessions of same course) available in the past academic year: 122
New electives added in the past academic year:
Cyberlaw
Senior Honors Business Colloquium
Macro Concepts in Contemporary Business
Micro Concepts in Contemporary Business
Business Process Integration
International Business in Focus
Supplementary Business Statistics
Special Topics in Entrepreneurship
Forward, Futures and Derivatives
Information Risk Management, Securities
What special programs are available to business students?
Programs, activities and organizations, including:
Honors Program;
China Business Program;
Business Student Advisory Committee;
Delta Sigma Pi;
Pi Sigma Epsilon;
Laws, Hall, and Assoc - advertising practicum;
Mock Trial;
Buck Rodgers Leadership Program;
Business plan competition;
Edun Live entrepreneurial venture;
Wall Street Week;
Student-run investment club;
Executive Speaker Series;
Armstrong Initiative for Interactive Media;
Anderson Distinguished Lecture Series.
| Work study or co-op opportunities | No |
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| Study abroad opportunities | Yes
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China Business Program - a four year program which includes four semesters of Chinese language studies, and an internship in China or with a business that has significant interaction with Chinese firms.
Summer study abroad programs, sponsored by the Business School, include; Luxembourg, France, London, Central Europe, Beijing, Shanghai, South Korea, Japan, Hong Kong, Taiwan, Russia and Costa Rica. Faculty and student exchanges with universities in China and South Korea are also available. |
| Volunteer and community service opportunities | Yes
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| The Buck Rodgers Business Leadership Program provides students with leadership opportunities assisting local organizations such as elementary schools. The Red Mittens charity drive permits students to coordinate and assist in a volunteer program to help families in need during the winter holiday period. Other opportunities include serving as ambassadors to multicultural high school students, the collection and donation of school supplies, welcoming new students, hosting Parents' Weekend, etc. |
| Business clubs and extracurricular activities | Yes
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There are over 20 different Business School clubs and organizations within which students may participate. Students use these activities to build their leadership and character outside of academics. They learn what it means to work in a team setting and to create a professional network. Many of the Business School faculty/staff members act as advisors to these organizations. |
FACULTY
| Total full-time undergraduate business faculty | 134 |
| Total undergraduate business adjuncts and visiting business faculty | 36 |
| Total undergraduate permanent/tenured business professors | 81 |
15% of permanent/tenured business professors are women
5% of permanent/tenured business professors are underrepresented minorities (African American, Hispanic American or Native American)
7% of permanent/tenured business professors are members of company boards of directors or boards of advisors
15% of permanent/tenured business professors have owned their own business
Prominent Faculty: Roger Jenkins, Jim Brock, Tom Speh
STUDENT LIFE
Freshmen are required to live on campus
47%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): 274
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
Access to business databases, software and research tools, such as SAP, Compustat, WRDS, Bloomberg, Lexis Nexis, etc;
Tablet PCs to allow faculty to bring their office computer to the classroom;
Implementation of a student technology fee - allows disciplines to buy specific software for student use;
Miami laptop program - allows students to obtain a highly capable, discounted laptop;
Video teleconferencing classrooms;
Video projectors and computers now in nearly every Miami classroom.
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 22% of 2006 graduates
Of 2006 graduates for whom we have information...
26% were seeking full-time professional employment in business
74% were not seeking full-time professional employment in business
For those not seeking employment in business...
92% of those were already employed at graduation
7% were planning to continue their education immediately after graduation
0% were postponing their job search
1% were planning to start their own business
0% of those not working were doing so for other reasons
270 companies recruited business students on campus from June 30, 2005 to June 30, 2006
796 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...
69 received their first job offer by graduation
22 received their first job offer within three months of graduation
3 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 |
| Deloitte Touche Tomatsu
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23 |
| Cintas Corporation
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18 |
| PriceWaterhouseCoopers; Wolseley
|
17 |
| KPMG LLP
|
15 |
| Ernst & Young
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12 |
| Coldstream Financial Services
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11 |
| JPMorgan Chase & Co.
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10 |
| CH Robinson
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9 |
| Nestles; Target
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8 |
| Fifth Third Bank; Grant Thornton; Procter and Gamble; Wells Fargo Financial
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7 |
| Historic Salary Prospects for 2005 Grads (school reported) |
| Average base salary | $ 40,836.00 |
| Median base salary | $ 41,550.00 |
| Average signing bonus | $ 8,841.00 |
| Median signing bonus | $ 4,000.00 |
| 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.) | 22% |
| Accounting/auditing | 23% |
| General Management | 7% |
| Human Resources | 1% |
Marketing/Sales
(includes public relations, product management, market research, advertising, etc.) | 24% |
| Management Information Systems | 5% |
| Operations | 2% |
| Logistics/Transportation | 4% |
| Other | 12% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? No
| Accounting | 17% |
| Consumer Products & Retail | 14% |
| Consulting | 10% |
| Financial Services | 26% |
| Government, Nonprofit, & Education | 4% |
| Health | 4% |
| Manufacturing | 8% |
| Media & Entertainment | 0% |
| Sports & Leisure | 0% |
| Technology & Science | 0% |
| Transportation | 1% |
| UTILITIES | 0% |
| Other | 13% |
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) | 4% |
Mid-Atlantic
(PA, MD, VA, WV, DE, DC) | 6% |
South
(NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 9% |
Southwest
(CO, AZ, TX, OK, NM) | 1% |
Midwest
(WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 79% |
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) | 9% |
| Canada | 0% |
INTERNSHIPS
132 companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006
NA % of internships were paid.
| Average compensation per week | $ 674.00 |
| Median compensation per week | $ 741.00 |
| Average internship length (weeks) | 12 |
291 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 |
| Ernst & Young | 37 |
| PricewaterhouseCoopers | 24 |
| Deloitte; KPMG | 9 |
| Crowe Chizek; Ferguson | 7 |
| Cincinnati Reds; Northwestern Mutual; Owens Corning; Procter & Gamble | 6 |
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ALUMNI AFFAIRS
16% 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 | $ 2,258.00 |
| The median gift was | $ 100.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 16% received any individual gift in excess of $10 million
Prominent Alumni
Richard T. Farmer,
Chairman,
Cintas Corporation
Mitch Rales,
Founder, Director and Chair,
Danaher Corporation
John G. Smale,
Chairman and CEO (retired),
Procter and Gamble
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of 128 for BBS |
| Minimum of 60 for BBS |
Other requirements to earn undergraduate business degree
All of the following:
Successfully complete a minimum of 128 semester hours;
Complete the Miami Plan, the common core of business courses, the communication sequence, the calculus requirement, and the required electives;
Complete the requirements of one major field;
Earn at least a 2.0 cumulative GPA in all business courses attempted;
Complete at least 64 semester hours of course work in non-business departments.
66% of business students graduate from the program within four years of admission to the university
80% of business students graduate from the program within six years of admission to the university
