2007 UNDERGRAD PROFILE
University of Michigan
Ross School of Business
B-School and Program Basics
| Address: | Office of Admissions 701 Tappan Ave Ann Arbor, MI US 48109-1234 |
Program E-Mail |
Program Web site |
Ross School of Business is a public institution.
Undergrad business program was founded: 1943
Accredited by AACSB International
Classes begin:
| Fall Annual Admissions | |
| NA | |
Enrollment
| Total undergraduate business school enrollment | 731 |
| Total full-time undergraduate business students | 731 |
| Total part-time undergraduate business students | |
| Total distance undergraduate business students | |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 40% |
| International students | 9% |
For U.S. schools only: |
|
| African American students | 6% |
| Native Americans | 0% |
| Asian Americans | 18% |
| Hispanic | 6% |
| White (non-Hispanic) | 64% |
| Unknown | 2% |
| Other | 3% |
U.S. students by region:
| Mid-Atlantic U.S. | 5% |
| Midwest U.S. | 74% |
| Northeast U.S. | 16% |
| South U.S. | 2% |
| Southwest U.S. | 1% |
| West U.S. | 3% |
| U.S. Possessions and territories | 1% |
Citizenship:
| U.S. | 91% |
| Canada | 1% |
| Other | 8% |
| 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 | 1333 |
| Median | 1340 |
| Range (Middle 80%) | From 1260 to 1420 |
| Minimum SAT Score | |
ACT Scores for full-time entering business students |
|
| Average | 29 |
| Median | 29 |
| Range (Middle 80%) | From 28 to 32 |
| Minimum ACT Score | NA |
| Minimum High School GPA | NA |
| Does the school require an entrance exam? | No |
| Student Age (years) | |
| Average | 19 |
| Median | 19 |
| High School performance of entering business students | |
| Top 10% of high school class | 92% |
| Top 25% of high school class | 99% |
| GPA of 3.75 or higher | 75% |
| GPA of 3.5 to 3.75 | 15% |
| GPA of 3.25 to 3.49 | 6% |
| GPA of 3.00 to 3.24 | 2% |
| 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 | |
| The following 3 Courses must be completed at the college level with a grade of C or better: College-level Calculus equivalent to Math 115. Microeconomics Equivalent to UofM's first year writing requirment. A minimum of 27 transferable credits are required for admission to the program, with a maximum of 45 credits for all students. The 27 credits must be earned while attending an accredited college or university and do not include test or AP credits. | |
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
25733 people applied to undergraduate programs for the 2006 academic year. The school accepted 47% (selectivity) of those applicants, and 99% of admitted applicants (yield) enrolled.
NA % of applicants had applied in prior years, and of those reapplicants NA % were accepted.
The university placed 2220 applicant(s) on its wait list. wait-listed applicants were admitted to the semester for which they applied.
Does the business program admit freshmen? No
0% of 2006 admissions to the program were freshmen
How do freshmen apply? NA
How do internal transfers apply? Separate application
The following 3 Courses must be completed at the college level with a grade of C or better: College-level Calculus equivalent to Math 115. Microeconomics Equivalent to UofM's first year writing requirment. A minimum of 27 transferable credits are required for admission to the program, with a maximum of 45 credits for all students. The 27 credits must be earned while attending an accredited college or university and do not include test or AP credits.
766 freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
47% of these applicants were admitted to the program and 0% of admitted students enrolled.
703 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: | 49% |
| Share of all university applicants who are not from the U.S. | 10% |
Interviews for applicants are Not offered
Additional application requirements (including those for international students):
TOEFL required for non-native English Speakers
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: Very Important
Application Essay: Very Important
Recommendations: Very Important
Interview: Not Considered
Extracurricular Activities: Very Important
Talent/ability: Very Important
Character/personal qualities: Very Important
Volunteer Work: Important
Work Experience: Considered
COSTS
Annual Costs
| Resident Tuition | $ 11,713.00 |
| Nonresident Tuition | $ 31,633.00 |
| Room and Board | $ 7,838.00 |
| Books | $ 1,002.00 |
| Other Expenses (please specify) | |
| Personal Expenses | $2,124.00 |
Tuition per credit hour (U.S. dollars)
| Resident | $ 452.00 |
| Nonresident | $ 1,282.00 |
2007-2008 DEADLINES
| University Application deadlines for: | Fall Annual Admissions | 03/31/2007 |
| Business Program deadlines for: | |
| OtherAnnual Admissions | 03/31/2007 |
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: $ 1,500,000.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 1,700,000.00
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 | 36% |
| Percent of business students receiving full-tuition scholarships | 36% |
| Percent of scholarships offered to business students based on need | 17% |
| Percent of scholarships offered to business students based on merit | 54% |
How do applicants apply for scholarships?
All admitted students are automatically considered for scholarships. No additional application is required.
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: $ 20,127.00
CONTACTS
| Dean | Hired as of |
ACADEMICS & REQUIREMENTS
Specializations offered:
International Business, , , ,
Programs Offered
| BBA | Full time |
| Core curriculum last revised 2005 |
| Average class size in required business classes | 70 |
| Average class size in business electives | 50 |
| Average class size in non-business classes (required for admission to the business program | 55 |
8% of business classes (core and elective) have fewer than 20 students
62% of business classes (core and elective) have 21 to 50 students
31% of business classes (core and elective) have more than 50 students
74% of required business courses reached maximum enrollment by the first day of class from June 30, 2004 to June 30, 2005.
1% 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:
Consulting, Finance, General Management, Marketing, Organizational Behavior
Number of elective courses (not multiple sessions of same course) available in the past academic year: 50
New electives added in the past academic year:
Services Marketing
Strat Mgmt. of Technology & Innovation
Building Dynamic Capabilities
Pricing
Business Innovation for Solving Problems
Corporation in Society
What special programs are available to business students?
| Work study or co-op opportunities | No |
| Study abroad opportunities | Yes |
| The study abroad experience at the BBA level focuses on short-term summer courses, with offerings in the European Union and China scheduled for the summer of 2007. These are customized courses covering the local business environment that have been developed in cooperation with local partners. | |
| Volunteer and community service opportunities | Yes |
| At the Ross School of Business (RSB) at the University of Michigan, our Net Impact chapter's focus is to cultivate MBAs who are committed to using the power of business to improve society. We provide our members with tools and resources that enable them to add sustainable value in private and public enterprises. Net Impact is a recognized student club at RSB, and we are among the largest and most active Net Impact chapters in the nation. http://webuser.bus.umich.edu/Organizations/netimpact/ | |
| Business clubs and extracurricular activities | Yes |
| The Ross School of Business creates an environment where an appreciation for our differences fosters a robust learning experience. This valued principle is reflected in the rich array of experiences, interests, perspectives and cultures of both students and faculty. http://www.bus.umich.edu/StudentLife/Diversity.htm#Student%20Clubs | |
FACULTY
| Total full-time undergraduate business faculty | 129 |
| Total undergraduate business adjuncts and visiting business faculty | 36 |
| Total undergraduate permanent/tenured business professors | 84 |
24% of permanent/tenured business professors are women
0% 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: Dana Muir, George Siedel, Jim Walsh
STUDENT LIFE
Freshmen are not 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): 1193
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
-School wide instant message service
-New information portal called Impact
-Behavioral Lab
-Tozzi Finance Center
-Podcasting Through iTunes
-Webex for student use
-Media services department
-Student video capture and edit suite
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 83% of 2006 graduates
Of 2006 graduates for whom we have information...
90% were seeking full-time professional employment in business
10% were not seeking full-time professional employment in business
For those not seeking employment in business...
0% of those were already employed at graduation
89% were planning to continue their education immediately after graduation
0% were postponing their job search
7% were planning to start their own business
4% 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...
93 received their first job offer by graduation
2 received their first job offer within three months of graduation
received their first job offer more than three months after graduation
5 did not report having received an offer
| Top 10 recruiting firms that hired the most graduates in the past academic year | No. hired |
| Credit Suisse Group | 14 |
| JPMorgan Chase & Co. | 12 |
| UBS | 10 |
| Goldman, Sachs & Co. | 9 |
| Microsoft Corp. | 8 |
| Price Waterhouse Coopers LLP; Citigroup; Deutsche Bank AG; Target | 7 |
| Bank of America Corp. | 6 |
| Ernst & Young LLP; McKinsey & Company; Morgan Stanley; The Bear Stearns Companies Inc. | 5 |
| Lehman Brothers; American Express Company; A.T. Kearney Inc. | 4 |
| Deloitte & Touche LLP; Z's Associates; ABN AMRO Holding V.V.; CIBC World Markets; Rothschild Inc. | 3 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 52,716.00 |
| Median base salary | $ 55,000.00 |
| Average signing bonus | $ 7,094.00 |
| Median signing bonus | $ 7,000.00 |
| Average other guaranteed compensation | $ 18,724.00 |
| Median other guaranteed compensation | $ 10,250.00 |
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.) | 57% |
| Accounting/auditing | 7% |
| General Management | 1% |
| Human Resources | 1% |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | 11% |
| Management Information Systems | 0% |
| Operations | 0% |
| Logistics/Transportation | 0% |
| Other | 24% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? No
| Accounting | 10% |
| Consumer Products & Retail | 9% |
| Consulting | 13% |
| Financial Services | 53% |
| Government, Nonprofit, & Education | 0% |
| Health | 0% |
| Manufacturing | 3% |
| Media & Entertainment | 0% |
| Sports & Leisure | 0% |
| Technology & Science | 0% |
| Transportation | 1% |
| UTILITIES | 0% |
| Other | 6% |
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) | 43% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 3% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 2% |
| Southwest (CO, AZ, TX, OK, NM) | 2% |
| Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 41% |
| West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) | 6% |
| U.S. possessions and territories (America Samoa, Palau, Guam, Puerto Rico, Virgin Islands) | 2% |
| Canada | 0% |
INTERNSHIPS
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 | $ 778.00 |
| Median compensation per week | $ 785.00 |
| Average internship length (weeks) |
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 | 13 |
| Credit Suisse Group; Citigroup Inc. | 11 |
| Microsoft Corporation; Plante & Morgan PLLC | 9 |
| Goldman Sachs Group | 8 |
| Pricewatterhouse Coopers LLP; Deutsche Bank AG | 7 |
| UBS AG; Bank of America; Lehman Brothers Inc. | 6 |
| American Express Company; ABN AMRO Holding N.V.; Merrill Lunch & Co Inc.; Owens Corning | 5 |
| S.C. Johnson and Son Inc.; Honeywell International Inc.; Unilever | 4 |
| Morgan Stanley; The Bear Stearns Companies Inc.; Mercer Human Resources Consulting; Jefferies & Comp | 3 |
| General Motors Corporation; Miller Brewing Company | 3 |
ALUMNI AFFAIRS
15% 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 | $ 4,521.00 |
| The median gift was | $ 100.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 15% received any individual gift in excess of $10 million
Prominent Alumni
Stephen M. Ross, Chairman, CEO, The Related Companies
William Davidson, Chairman, President, Guardian Industries Corp.
Samford Robertson, Founding Partner, Francisco Partners
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of 120 for BBA |
| Minimum of 45 for BBA |
