2007 UNDERGRAD PROFILE
Michigan State University
The Eli Broad College of Business
B-School and Program Basics
| Address: | 332 Eppley Center Michigan State University East Lansing, MI US 48824-1122 |
Program E-Mail |
Program Web site |
The Eli Broad College of Business is a public institution.
Undergrad business program was founded: 1944
Accredited by AACSB International
Classes begin:
| NA | |
Enrollment
| Total undergraduate business school enrollment | 4822 |
| Total full-time undergraduate business students | 4361 |
| Total part-time undergraduate business students | 461 |
| Total distance undergraduate business students | 0 |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 39% |
| International students | 11% |
For U.S. schools only: |
|
| African American students | 14% |
| Native Americans | 1% |
| Asian Americans | 6% |
| Hispanic | 3% |
| White (non-Hispanic) | 75% |
| Unknown | 1% |
| Other | 0% |
U.S. students by region:
| Mid-Atlantic U.S. | 1% |
| Midwest U.S. | 94% |
| Northeast U.S. | 1% |
| South U.S. | 1% |
| Southwest U.S. | 1% |
| West U.S. | 1% |
| U.S. Possessions and territories | 1% |
Citizenship:
| U.S. | 89% |
| Canada | 0% |
| Other | 11% |
| 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 | 1151 |
| Median | 1150 |
| Range (Middle 80%) | From 1070 to 1270 |
| Minimum SAT Score | |
ACT Scores for full-time entering business students |
|
| Average | 25 |
| Median | 25 |
| Range (Middle 80%) | From 22 to 27 |
| Minimum ACT Score | NA |
| Minimum High School GPA | NA |
| Does the school require an entrance exam? | No |
| Student Age (years) | |
| Average | |
| Median | |
| High School performance of entering business students | |
| Top 10% of high school class | NA % |
| Top 25% of high school class | NA % |
| GPA of 3.75 or higher | 36% |
| GPA of 3.5 to 3.75 | 31% |
| GPA of 3.25 to 3.49 | 20% |
| GPA of 3.00 to 3.24 | 8% |
| GPA of 2.50 to 2.99 | 5% |
| 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 | 3.10 |
| Additional application requirements | |
| Personal Statement Optional | |
ADMISSIONS
| University Application fee (resident) | $ 35.00 | ||
| University Application fee (nonresident) | $ 35.00 | ||
| University Application fee (non-resident transfers) | $ 35.00 | ||
The business program's financial aid office manages admissions to the business program
23247 people applied to undergraduate programs for the 2006 academic year. The school accepted 67% (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 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, Declare business major
Personal Statement Optional
1597 freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
67% of these applicants were admitted to the program and 0% 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. | 5% |
Interviews for applicants are Not required
Additional application requirements (including those for international students):
TOEFL
Relative importance of the following factors in deciding who gets admitted to the university:
Secondary School Record: NA
Class Rank: NA
High School GPA: NA
SAT/ACT Scores: NA
Application Essay: NA
Recommendations: NA
Interview: NA
Extracurricular Activities: NA
Talent/ability: NA
Character/personal qualities: NA
Volunteer Work: Not Considered
Work Experience: NA
COSTS
Annual Costs
| Resident Tuition | NA |
| Nonresident Tuition | NA |
| Room and Board | $ 6,044.00 |
| Books | $ 884.00 |
| Other Expenses (please specify) | |
Tuition per credit hour (U.S. dollars)
| Resident | $ 255.00 |
| Nonresident | $ 677.00 |
2007-2008 DEADLINES
| University Application deadlines for: | |
| Business Program deadlines for: | |
| Annual AdmissionsSemester | 04/15/2007 |
| SemesterSemester | 07/15/2007 |
| TrimesterSemester | 11/15/2007 |
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: $ 131,500.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 128,000.00
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 | 4% |
| Percent of business students receiving full-tuition scholarships | 4% |
| Percent of scholarships offered to business students based on need | 65% |
| Percent of scholarships offered to business students based on merit | 35% |
How do applicants apply for scholarships?
On the web
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 Robert B. Duncan | Hired as of 01/01/2002 |
ACADEMICS & REQUIREMENTS
Specializations offered:
Accounting, , , ,
Programs Offered
| BA | Accounting | Full time |
| BA | Finance | Full time |
| BA | General Business Adminstration-Prelaw | Full time |
| BA | General Management | Full time |
| BA | Human Resource Management | Full time |
| BA | Marketing | Full time |
| BA | Supply Chain Management | Full time |
| Core curriculum last revised 2001 |
| Average class size in required business classes | 71 |
| Average class size in business electives | 40 |
| Average class size in non-business classes (required for admission to the business program | 212 |
NA % of business classes (core and elective) have fewer than 20 students
NA % of business classes (core and elective) have 21 to 50 students
NA % of business classes (core and elective) have more than 50 students
NA % of required business courses reached maximum enrollment by the first day of class from June 30, 2004 to June 30, 2005.
NA % 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, Supply Chain Management
Number of elective courses (not multiple sessions of same course) available in the past academic year:
New electives added in the past academic year:
What special programs are available to business students?
Students may be eligible to be a Broad Scholar (partner with a faculty member on research), participate in the Broad Freshman Residential Program (a one-year living learning opportunity), be a member of the Financial Markets Institute (network with financial industry leaders), be a Broad Ambassador (represent the school at orientation or other high-profile events) or participate in the Broad Coaches program (have access to an alumni mentor).
| Work study or co-op opportunities | Yes |
| Study abroad opportunities | Yes |
| Michigan State University is the national leader in study abroad, offering more than 175 programs, on six continents and in over 50 countries. Programs are offered every session, including winter break, and range from two weeks to an academic year. In many instances, costs do not exceed a semester's study on campus on a per credit basis. | |
| Volunteer and community service opportunities | Yes |
| Extensive opportunities include on-going community service programs (e.g., Project Green) as well special projects sponsored periodically by student organizations as part of their missions. The Broad School also has a chapter of Students Consulting for Non-Profit Organizations, which is committed to improving local communities through pro-bono consulting engagements with local non-profit organizations. | |
| Business clubs and extracurricular activities | Yes |
| There are 10 professional clubs (e.g., Accounting Student Association); 11 special interest organizations (e.g., Broad International Business Forum); 3 honoraries (e.g., Beta Gamma Sigma); and 3 business fraternities (e.g., Phi Chi Theta). | |
FACULTY
| Total full-time undergraduate business faculty | 109 |
| Total undergraduate business adjuncts and visiting business faculty | 8 |
| Total undergraduate permanent/tenured business professors | 75 |
20% of permanent/tenured business professors are women
5% of permanent/tenured business professors are underrepresented minorities (African American, Hispanic American or Native American)
11% of permanent/tenured business professors are members of company boards of directors or boards of advisors
32% of permanent/tenured business professors have owned their own business
Prominent Faculty: Al Arens, Kirt Butler, Gil Harrell
STUDENT LIFE
Freshmen are required to live on campus
39%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): 1500
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
Remote campus and building wireless network enhanced, faculty multimedia computing laboratory, enhanced administrative tools, high speed fiber campus and internet connectivity, dark fiber regional connectivity, email system upgrade, firewall and security hardware and software upgrades, computer lab and classroom hardware and software upgrades, supply chain software added, business complex electronic communications system, Angel course management software, classroom student response systems.
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 69% of 2006 graduates
Of 2006 graduates for whom we have information...
74% were seeking full-time professional employment in business
26% were not seeking full-time professional employment in business
For those not seeking employment in business...
0% of those were already employed at graduation
90% were planning to continue their education immediately after graduation
0% were postponing their job search
0% were planning to start their own business
0% of those not working were doing so for other reasons
190 companies recruited business students on campus from June 30, 2005 to June 30, 2006
190 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...
68 received their first job offer by graduation
8 received their first job offer within three months of graduation
15 received their first job offer more than three months after graduation
0 did not report having received an offer
| Top 10 recruiting firms that hired the most graduates in the past academic year | No. hired |
| Quicken Loans | 20 |
| Caterpillar Inc. | 19 |
| C.H. Robinson | 14 |
| BP | 10 |
| General Motors | 6 |
| Ferguson Enterprises, Inc. | 5 |
| General Electric | 4 |
| LaSalle Bank | 4 |
| Sherwin-Williams | 4 |
| Ernst & Young | 4 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 46,295.00 |
| Median base salary | $ 46,600.00 |
| Average signing bonus | $ 3,773.00 |
| Median signing bonus | $ 3,000.00 |
| Average other guaranteed compensation | $ 0 |
| Median other guaranteed compensation | $ 0 |
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.) | 19% |
| Accounting/auditing | 12% |
| General Management | 17% |
| Human Resources | 2% |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | 17% |
| Management Information Systems | 1% |
| Operations | 3% |
| Logistics/Transportation | 4% |
| Other | 25% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? No
| Accounting | 8% |
| Consumer Products & Retail | 12% |
| Consulting | 8% |
| Financial Services | 17% |
| Government, Nonprofit, & Education | 4% |
| Health | 3% |
| Manufacturing | 18% |
| Media & Entertainment | 1% |
| Sports & Leisure | 6% |
| Technology & Science | 1% |
| Transportation | 7% |
| UTILITIES | 0% |
| Other | 8% |
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) | 5% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 3% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 7% |
| Southwest (CO, AZ, TX, OK, NM) | 7% |
| Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 72% |
| 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) | 7% |
| Canada | 0% |
INTERNSHIPS
52 companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006
100% of internships were paid.
| Average compensation per week | $ 511.00 |
| Median compensation per week | $ 500.00 |
| Average internship length (weeks) | 15 |
52 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 | 46 |
| Plante and Moran | 41 |
| Deloitte Touche Tomatsu | 37 |
| PricewaterhouseCoopers | 27 |
| KPMG LLP | 23 |
| General Motors | 17 |
| Caterpillar Inc. | 16 |
| General Electric | 11 |
| BP | 8 |
| Royal Dutch Shell | 4 |
ALUMNI AFFAIRS
13% 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 | $ 810.00 |
| The median gift was | $ 268.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 13% received any individual gift in excess of $10 million
Prominent Alumni
Eli Broad, retired chair, pres. & CEO, SunAmerica Inc.
Phil Hickey, chairman & CEO, RARE Hospitality Interna
Sue Unger, exec. vp & CIO, DaimlerChrysler Corp.
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of 120 for Bachelor of Arts |
| Minimum of 63 for Bachelor of Arts |
