2007 UNDERGRAD PROFILE
Virginia Polytechnic Institute and State University
Pamplin College of Business
B-School and Program Basics
| Address: | 1046 Pamplin Hall Virginia Tech Blacksburg, VA US 24061 |
Program E-Mail |
Program Web site |
Pamplin College of Business is a public institution.
Undergrad business program was founded: 1925
Accredited by AACSB International
Classes begin:
| Fall Semester | 08/20/2007 |
| Spring Semester | 01/14/2008 |
| Fall Semester | 08/18/2008 |
| Spring Semester | 01/12/2009 |
Enrollment
| Total undergraduate business school enrollment | 3591 |
| Total full-time undergraduate business students | 3533 |
| Total part-time undergraduate business students | 58 |
| Total distance undergraduate business students | 0 |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 45% |
| International students | 2% |
For U.S. schools only: |
|
| African American students | 4% |
| Native Americans | 0% |
| Asian Americans | 10% |
| Hispanic | 1% |
| White (non-Hispanic) | 67% |
| Unknown | 18% |
| Other | 0% |
U.S. students by region:
| Mid-Atlantic U.S. | 87% |
| Midwest U.S. | 0% |
| Northeast U.S. | 8% |
| South U.S. | 3% |
| Southwest U.S. | 0% |
| West U.S. | 0% |
| U.S. Possessions and territories | NA % |
Citizenship:
| U.S. | 98% |
| Canada | 0% |
| Other | 2% |
| 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 | 1181 |
| Median | 1180 |
| Range (Middle 80%) | From 1110 to 1250 |
| Minimum SAT Score | |
ACT Scores for full-time entering business students |
|
| Average | |
| Median | |
| Range (Middle 80%) | From to |
| Minimum ACT Score | NA |
| Minimum High School GPA | NA |
| Does the school require an entrance exam? | Yes |
| Student Age (years) | |
| Average | 18 |
| Median | 18 |
| 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 | 42% |
| GPA of 3.5 to 3.75 | 32% |
| GPA of 3.25 to 3.49 | 16% |
| GPA of 3.00 to 3.24 | 8% |
| GPA of 2.50 to 2.99 | 1% |
| GPA of 2.00 to 2.49 | 1% |
| 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
17681 people applied to undergraduate programs for the 2006 academic year. The school accepted 67% (selectivity) of those applicants, and 46% 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? 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
2420 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 100% of admitted students enrolled.
557 internal candidates (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year. 58 were admitted to the program.
| Share of all university applicants who are female: | 40% |
| Share of all university applicants who are not from the U.S. | NA % |
Interviews for applicants are Not offered
Additional application requirements (including those for international students):
Freshmen:
18 units of high-school course work
4 units of English
3 units of math (includes algebra I, geometry, and algebra II)
2 units of laboratory science (chosen from biology, chemistry or physics)
2 units of social science (one must be history)
3 additional academic units (foreign language is highly recommended)
4 elective units
Transfer Students:
have completed all entrance requirements, or the equivalent in a college program, for all entering students (see Freshman Academic Requirements).
be in good standing at all colleges and universities attended.
in addition to meeting the minimum requirements, present credentials of "B" or higher in courses of Freshman English, Mathematics (as required by the specific major) and Science (as required by the specific major).
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: Important
Recommendations: Not Considered
Interview: Not Considered
Extracurricular Activities: Considered
Talent/ability: Considered
Character/personal qualities: Important
Volunteer Work: Important
Work Experience: Considered
COSTS
Annual Costs
| Resident Tuition | $ 5,450.00 |
| Nonresident Tuition | $ 17,406.00 |
| Room and Board | $ 2,820.00 |
| Books | $ 750.00 |
| Other Expenses (please specify) | |
| Academic Fee | $324.00 |
| Health Fee | $268.00 |
| Activity/Athletic/Rec Spo | $598.00 |
Tuition per credit hour (U.S. dollars)
| Resident | $ 227.00 |
| Nonresident | $ 725.00 |
2007-2008 DEADLINES
| University Application deadlines for: | Fall Semester | 01/16/2007 | Spring Semester | 10/01/2007 | Fall Semester | 01/15/2008 | Spring Semester | 10/01/2007 |
| Business Program deadlines for: | |
| Spring | |
| Spring | |
| Spring | |
| Spring | |
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: $ 1,803,952.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 1,972,262.00
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 | 28% |
| Percent of business students receiving full-tuition scholarships | 28% |
| Percent of scholarships offered to business students based on need | 42% |
| Percent of scholarships offered to business students based on merit | 58% |
How do applicants apply for scholarships?
Complete FAFSA and file with Financial Aid office.
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 Richard E. Sorensen | Hired as of 06/01/1982 |
ACADEMICS & REQUIREMENTS
Specializations offered:
Accounting, , ,
Information Systems Audit
Investment/CFA/CFP
Financial Accounting
Innovation
Restaurant and Food Management
Decision Support Services
Financial Services Management
Corporate Financial Management
Global Tourism Management
Meetings and Events Management
Programs Offered
| BS | Accounting & Information Systems | Full time |
| BS | Business Information Technology | Full time |
| BS | Economics | Full time |
| BS | Finance | Full time |
| BS | Hospitality and Tourism Management | Full time |
| BS | Management | Full time |
| BS | Marketing Management | Full time |
| Core curriculum last revised Prior to 2000 |
| Average class size in required business classes | 43 |
| Average class size in business electives | 32 |
| Average class size in non-business classes (required for admission to the business program |
15% of business classes (core and elective) have fewer than 20 students
53% of business classes (core and elective) have 21 to 50 students
32% 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
Number of elective courses (not multiple sessions of same course) available in the past academic year: 29
New electives added in the past academic year:
Equity Services
Fixed Income Securities
Venture Capital & Investment Banking
Asset Valuation and Corporate Governance
Bank Management & Financial Services
Managing Risk with Derivatives
Careers in Finance
What special programs are available to business students?
SEED - Student manage $4M equity portfolion http://www.seed.pamplin.vt.edu/home.html
BASIS - Students manage $4M+ fixed instrument portfolio
http://www.basis.pamplin.vt.edu/
Business Horizons - student run career fair with over 150 companies participating
http://www.acis.pamplin.vt.edu/placement/bushoriz.htm
| Work study or co-op opportunities | Yes |
| There are generally 60-85 Pamplin students on a co-op work assignment, any given semester. Due to industry demands in business major recruiting, majority of students pursue an internship rather than co-op experience. The Accounting and Information Technology areas supply majority of the 60-85 co-op positions each year. | |
| Study abroad opportunities | Yes |
| Pamplin offers 12 unique study abroad programs including: Fall in Riva San Vitale, Switzerland Spring in Lugano, Switzerland Winter Break in Austria Winter Break in Punta Cana, Dominican Republic Finance & Marketing in Asia, China, Vietnam, Cambodia Management in Japan and Korea Business in France (Evry, France) HTM in Switzerland Products and Processes in Scandinavia Doing Business in Europe (Dijon, France) Business in Greece and Turkey Finance in South Africa | |
| Volunteer and community service opportunities | Yes |
| Numerous opportunities exist for volunteer and community service work, within the region. Between student organizations, fraternity/sorority and leadership organizations, as well as service-learning organizations, service to the area is widespread, and challenging to quantify. Students can pursue a Minor in Leadership, which requires an experiential component, often involving outreach to the community, or volunteer and leadership experiences | |
| Business clubs and extracurricular activities | Yes |
| 27 student organizations exist for business majors, involving over 1,200 students SIFE (Students in Free Enterprise); Accounting Society; APICS (Management Science Organization); Beta Alpha Psi (Accounting); Black Business Council; Business Horizons (nationally-recognized career fair); Delta Epsilon Chi; ELITE (Entrepreneurship); Finance Club; Information Systems Society; Marketing Club; MBA Association; Pi Sigma Epsilon (Marketing); SHRM (Society for Human Resources Management); Alpha Kappa Psi (Leadership); Beta Gamma Sigma (Honors); Business Information Technology Club; Delta Sigma Pi (Leadership); Economics Club; Executive Planning Committee (Career-related events); Hospitality Managers Association; Leadership Development Team (leadership conference); Management Society; Pamplin Multicultural Diversity Council. | |
FACULTY
| Total full-time undergraduate business faculty | 95 |
| Total undergraduate business adjuncts and visiting business faculty | 19 |
| Total undergraduate permanent/tenured business professors | 65 |
23% of permanent/tenured business professors are women
3% of permanent/tenured business professors are underrepresented minorities (African American, Hispanic American or Native American)
9% of permanent/tenured business professors are members of company boards of directors or boards of advisors
20% of permanent/tenured business professors have owned their own business
Prominent Faculty: Vijay Singal, Kent Nakamoto, Greg Kadlec
STUDENT LIFE
Freshmen are required to live on campus
35%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):
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
Wireless offered to all of Pamplin Hall. Personal computers required for all students.
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 57% of 2006 graduates
Of 2006 graduates for whom we have information...
92% were seeking full-time professional employment in business
8% were not seeking full-time professional employment in business
For those not seeking employment in business...
84% of those were already employed at graduation
8% were planning to continue their education immediately after graduation
2% were postponing their job search
2% were planning to start their own business
4% of those not working were doing so for other reasons
193 companies recruited business students on campus from June 30, 2005 to June 30, 2006
370 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...
75 received their first job offer by graduation
14 received their first job offer within three months of graduation
10 received their first job offer more than three months after graduation
1 did not report having received an offer
| Top 10 recruiting firms that hired the most graduates in the past academic year | No. hired |
| Ferguson Enterprises, Inc. | 24 |
| U.S. Federal Government Agencies | 22 |
| NVR | 18 |
| PricewaterhouseCoopers | 17 |
| Wachovia Corp. | 15 |
| KPMG LLP | 13 |
| Bearing Point | 12 |
| Accenture | 11 |
| General Electric | 9 |
| Deloitte Touche Tomatsu | 8 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 45,206.00 |
| Median base salary | $ 45,000.00 |
| Average signing bonus | $ 2,800.00 |
| Median signing bonus | $ 2,500.00 |
| 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.) | 24% |
| Accounting/auditing | 17% |
| General Management | 23% |
| Human Resources | 4% |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | 13% |
| Management Information Systems | 16% |
| Operations | 2% |
| Logistics/Transportation | 1% |
| Other | 0% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? No
| Accounting | 20% |
| Consumer Products & Retail | 15% |
| Consulting | 15% |
| Financial Services | 20% |
| Government, Nonprofit, & Education | 5% |
| Health | 0% |
| Manufacturing | 10% |
| Media & Entertainment | 3% |
| Sports & Leisure | 1% |
| Technology & Science | 3% |
| Transportation | 1% |
| UTILITIES | 0% |
| Other | 0% |
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) | 9% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 78% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 12% |
| Southwest (CO, AZ, TX, OK, NM) | 0% |
| Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 0% |
| 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) | 12% |
| Canada | 0% |
INTERNSHIPS
170 companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006
90% of internships were paid.
| Average compensation per week | $ 640.00 |
| Median compensation per week | $ 600.00 |
| Average internship length (weeks) | 12 |
290 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 |
| NVR | 35 |
| Ferguson Enterprises, Inc. | 29 |
| PricewaterhouseCoopers | 17 |
| Deloitte Touche Tomatsu | 14 |
| Ernst & Young | 12 |
| CGI-AMS | 11 |
| Accenture | 10 |
| Marriott Int'l. | 8 |
| KPMG LLP | 7 |
| Freddie Mac | 6 |
ALUMNI AFFAIRS
17% 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 | $ 792.00 |
| The median gift was | $ 100.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 17% received any individual gift in excess of $10 million
Prominent Alumni
Robert Pamplin, Sr., Retired Chairman, Georgia Pacific
Gene Fife, Chairman, Nielson Company
David Calhoun, Former Partner, Goldman Sachs
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of 125 for BSBUS |
| Minimum of for |
