2007 UNDERGRAD PROFILE
The Pennsylvania State University
Smeal College of Business
B-School and Program Basics
| Address: | Penn State University 202 Business Building University Park, PA US 16802 |
Program E-Mail |
Program Web site |
Smeal College of Business is a public institution.
Undergrad business program was founded: 1953
Accredited by AACSB International
Classes begin:
| Summer Semester | 07/03/2007 |
| Fall Semester | 08/27/2007 |
| Spring Semester | 01/14/2008 |
Enrollment
| Total undergraduate business school enrollment | 5274 |
| Total full-time undergraduate business students | 5274 |
| Total part-time undergraduate business students | 0 |
| Total distance undergraduate business students | 0 |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 35% |
| International students | 6% |
For U.S. schools only: |
|
| African American students | 4% |
| Native Americans | 0% |
| Asian Americans | 8% |
| Hispanic | 3% |
| White (non-Hispanic) | 76% |
| Unknown | 8% |
| Other | 1% |
U.S. students by region:
| Mid-Atlantic U.S. | 66% |
| Midwest U.S. | 2% |
| Northeast U.S. | 29% |
| South U.S. | 1% |
| Southwest U.S. | 1% |
| West U.S. | 1% |
| U.S. Possessions and territories | 0% |
Citizenship:
| U.S. | 93% |
| Canada | 1% |
| Other | 6% |
| 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 | 1208 |
| Median | 1210 |
| Range (Middle 80%) | From 1130 to 1280 |
| Minimum SAT Score | |
ACT Scores for full-time entering business students |
|
| Average | 26 |
| Median | 26 |
| Range (Middle 80%) | From 24 to 28 |
| 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 | 40% |
| Top 25% of high school class | 81% |
| GPA of 3.75 or higher | 54% |
| GPA of 3.5 to 3.75 | 32% |
| GPA of 3.25 to 3.49 | 11% |
| GPA of 3.00 to 3.24 | 2% |
| GPA of 2.50 to 2.99 | 1% |
| 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 | |
ADMISSIONS
| University Application fee (resident) | $ 50.00 | ||
| University Application fee (nonresident) | $ 50.00 | ||
| University Application fee (non-resident transfers) | $ 50.00 | ||
The university financial aid office manages admissions to the business program
36356 people applied to undergraduate programs for the 2006 academic year. The school accepted 55% (selectivity) of those applicants, and 55% of admitted applicants (yield) enrolled.
0% of applicants had applied in prior years, and of those reapplicants NA % were accepted.
The university placed 0 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
55% of 2006 admissions to the program were freshmen
How do freshmen apply? Indicate interest on university application
Three Carnegie units of mathematics up to Trigonometry.
Two Carnegie units of the same foreign language.
Four Carnegie units of English.
How do internal transfers apply? NA
7168 freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
55% of these applicants were admitted to the program and 55% of admitted students enrolled.
1308 internal candidates (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year. 77 were admitted to the program.
| Share of all university applicants who are female: | 47% |
| Share of all university applicants who are not from the U.S. | 6% |
Interviews for applicants are Not required
Additional application requirements (including those for international students):
TOEFL instead of SAT or ACT is required for non-English speaking international applicants.
Official post-secondary transcripts required for applicants with postsecondary credits earned at another institution.
Relative importance of the following factors in deciding who gets admitted to the university:
Secondary School Record: Very Important
Class Rank: Very Important
High School GPA: Very Important
SAT/ACT Scores: Very Important
Application Essay: Considered
Recommendations: NA
Interview: NA
Extracurricular Activities: Considered
Talent/ability: Considered
Character/personal qualities: NA
Volunteer Work: NA
Work Experience: NA
COSTS
Annual Costs
| Resident Tuition | $ 13,338.00 |
| Nonresident Tuition | $ 24,070.00 |
| Room and Board | $ 7,100.00 |
| Books | $ 1,400.00 |
| Other Expenses (please specify) | |
| Technology Fee | $404.00 |
| Student Activity Fee | $114.00 |
Tuition per credit hour (U.S. dollars)
| Resident | $ 556.00 |
| Nonresident | $ 1,003.00 |
2007-2008 DEADLINES
| University Application deadlines for: | Summer Semester | 11/30/2006 | Fall Semester | 11/30/2006 | Spring Semester | 11/30/2006 |
| Business Program deadlines for: | |
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: $ 6,712,100.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 7,316,189.00
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 | 29% |
| Percent of business students receiving full-tuition scholarships | 29% |
| Percent of scholarships offered to business students based on need | 85% |
| Percent of scholarships offered to business students based on merit | 15% |
How do applicants apply for scholarships?
Student files a federal FAFSA and in some cases a college 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: $ 30,550.00
CONTACTS
| Dean James B. Thomas | Hired as of 01/05/2004 |
ACADEMICS & REQUIREMENTS
Specializations offered:
Accounting, , , ,
Business Law
Programs Offered
| BS | Accounting | Full time |
| BS | Actuarial Science | Full time |
| BS | Finance: Economics | Full time |
| BS | Management | Full time |
| BS | Management Information Systems | Full time |
| BS | Marketing | Full time |
| BS | Supply Chain Management | Full time |
| Core curriculum last revised 2003 |
| Average class size in required business classes | 56 |
| Average class size in business electives | 45 |
| Average class size in non-business classes (required for admission to the business program | 36 |
7% of business classes (core and elective) have fewer than 20 students
77% of business classes (core and elective) have 21 to 50 students
15% of business classes (core and elective) have more than 50 students
32% 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, Finance, General Management, Marketing, Supply Chain Management
Number of elective courses (not multiple sessions of same course) available in the past academic year: 35
New electives added in the past academic year:
Quantative Analysis for Bus. Decisions
Invention Commercialization
Managing a Start-Up Company
Nittany Lion Fund Manager
Forensic Accounting
Scenario Analysis and Planning
Globalization and Its Implications
Transportation in Supply Chains
What special programs are available to business students?
Minors in International Business, Business Law, Entrepreneurship, and Supply Chain.
Real-time Financial Trading Room -- Student access to industry market data and software tools.
The Nittany Lion Fund -- Student-managed investment fund with over $4.5 million and 69 investors.
| Work study or co-op opportunities | Yes |
| The college does not require students to complete a work study or co-op experience. However, the college sponsors its own internship program along with a University level program. Annually 48% of the students in each graduating class has completed one or more internships. | |
| Study abroad opportunities | Yes |
| Annually over 375 business students study abroad in over 100 programs sponsored by the college's International Programs office or Penn State's Study Abroad Office. Students study abroad for a full semester or for six weeks during the summer. | |
| Volunteer and community service opportunities | Yes |
| Freshman complete a community service project as part of their Freshman Seminar. Students in the accelerated business program complete an annual community service project. Business fraternities and organizations conduct volunteer work annually. Business students through various organizations support and mangage all aspects of the Penn State Dance Marathon which is the largest student philanthropic event in the country raising $4,210,000 last year for pediatric cancer. | |
| Business clubs and extracurricular activities | Yes |
| Smeal College sponsors over 20 business clubs, business fraternities and honorary scholastic organizations. Smeal College, along with CSIS of Wash. DC, co-sponsors an annual CEO simulation competition for business students. Students participate in Case Competitions at Johnson & Johnson, Inc, Syracuse Univ., Univ. of Arizona and the Marshall International Case Competiton at USC. Business students sponsor an annual student diversity conference focused on leadership and business. | |
FACULTY
| Total full-time undergraduate business faculty | 112 |
| Total undergraduate business adjuncts and visiting business faculty | 19 |
| Total undergraduate permanent/tenured business professors | 81 |
17% of permanent/tenured business professors are women
5% 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: J. Randall Woolridge, Mark W. Dirsmith, Jeff Sharp
STUDENT LIFE
Freshmen are required to live on campus
36%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): 950
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
New wireless Business Building; 40 Station Supply Chain Research Lab; 40 Station General Computer Lab; Financial Trading Room with Realtime Data Feed; Auction Lab
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 25% of 2006 graduates
Of 2006 graduates for whom we have information...
95% were seeking full-time professional employment in business
5% were not seeking full-time professional employment in business
For those not seeking employment in business...
0% of those were already employed at graduation
75% were planning to continue their education immediately after graduation
25% were postponing their job search
NA % were planning to start their own business
NA % of those not working were doing so for other reasons
356 companies recruited business students on campus from June 30, 2005 to June 30, 2006
613 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...
87 received their first job offer by graduation
13 received their first job offer within three months of graduation
received their first job offer more than three months after graduation
did not report having received an offer
| Top 10 recruiting firms that hired the most graduates in the past academic year | No. hired |
| PricewaterhouseCoopers | 50 |
| IBM Corporation | 41 |
| Ferguson Enterprises, Inc. | 21 |
| NVR | 19 |
| Merrill Lynch | 19 |
| Ernst & Young | 16 |
| Johnson & Johnson | 14 |
| Accenture | 11 |
| Deloitte Touche Tomatsu | 10 |
| Target Corp. | 9 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 46,782.00 |
| Median base salary | $ 46,500.00 |
| Average signing bonus | $ 4,300.00 |
| Median signing bonus | $ 5,000.00 |
| Average other guaranteed compensation | $ 42,982.00 |
| Median other guaranteed compensation | $ 39,960.00 |
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? Yes
| Finance (includes corporate finance, investments, treasury and financial analysis, public finance, etc.) | 38% |
| Accounting/auditing | 19% |
| General Management | 6% |
| Human Resources | 0% |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | 8% |
| Management Information Systems | 2% |
| Operations | 4% |
| Logistics/Transportation | 2% |
| Other | 21% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? Yes
| Accounting | 3% |
| Consumer Products & Retail | 19% |
| Consulting | 16% |
| Financial Services | 21% |
| Government, Nonprofit, & Education | 4% |
| Health | 3% |
| Manufacturing | 25% |
| Media & Entertainment | 3% |
| Sports & Leisure | 0% |
| Technology & Science | 3% |
| Transportation | 2% |
| UTILITIES | 1% |
| Other | 1% |
North American Jobs
1% of 2006 graduates accepted jobs in Canada
99% 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) | 19% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 67% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 4% |
| Southwest (CO, AZ, TX, OK, NM) | 3% |
| Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 4% |
| 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) | 4% |
| Canada | 1% |
INTERNSHIPS
165 companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006
79% of internships were paid.
| Average compensation per week | $ 657.00 |
| Median compensation per week | $ 650.00 |
| Average internship length (weeks) | 13 |
172 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 |
| Johnson & Johnson | 85 |
| Merrill Lynch | 43 |
| PricewaterhouseCoopers | 34 |
| Ernst & Young | 14 |
| Boscov's | 12 |
| KPMG LLP | 11 |
| UBS | 10 |
| Rezneck; Bristol Meyers | 9 |
| AstraZeneca; Ingersol-Rand; Smith-Barney | 8 |
| PNC Bank | 7 |
ALUMNI AFFAIRS
19% 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 | $ 688.00 |
| The median gift was | $ 63.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 19% received any individual gift in excess of $10 million
Prominent Alumni
Patricia A. Woertz, CEO/President, Archer Daniels Midland Co
John P. Surma, Chairman, President and CEO, United States Steel Corp.
James R. Stengel, Global Marketing Officer, Procter & Gamble
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of 120 for Bachelor of Science |
| Minimum of 55 for Bachelor of Science |
