Program Basics

• • School of Management
  • School of Management
  • Binghamton University
  • 4400 Vestal Parkway East
  • Binghamton, New York
  • 13902-6000
  • United States
  • Program Web site: http://som.binghamton.edu
  • Program e-mail address: info@binghamton.edu
  • Program phone number: 607-777-2912
  • Status: Public (state-operated)
• • AACSB accredited: Yes
• • Year in which the undergraduate business program was founded: 1970
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Total undergraduate: 11,861
  • Full-time undergraduate business: 1,301
  • Part-time undergraduate business: 68
  • Distance undergraduate business: 0
• • College or university freshman retention rate: 91 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 79 %
  • Within six years of admission to the university: 84 %

• Undergraduate Business Degrees Offered:

  • BS in Accounting
  • BS in Management

PROGRAM COSTS

• • Annual Tuition (Resident): $5,270.00
• • Annual Tuition (Non-Resident): $13,380.00
• • Annual Required Fees: $2,196.00
• • Tuition Per Academic Credit (Resident): $220.00
• • Tuition Per Academic Credit (Non-Resident): $558.00
• • Annual Room and Board: $11,180.00
• • Annual Cost of Books: $1,000.00

CLASS PROFILE

• Students in newest entering class that are:

  • Female: 31 %
  • International: 13 %

• Mean and median age of full-time business students in the newest entering class:

  • Mean: 19
  • Median: 20

• Percentage of newest entering class:

  • Top 10% of high school class: 64 %
  • Top 25% of high school class: 91 %
  • GPA of 3.75 or higher: 66 %
  • GPA of 3.5 to 3.74: 15 %

• SAT scores (1600 scale) for the newest entering class of full-time undergraduate business students:

  • Mean: 1336
  • Median: 1342

• Middle 50% range of SAT scores (1600 scale):

  • From: 1270
  • To: 1390

• ACT scores for the newest entering class of full-time undergraduate business students:

  • Mean: 29
  • Median: 30

• Middle 50% range of ACT scores:

  • From: 28
  • To: 31

• Citizenship breakdown for newest entering class:

  • US: 87 %
  • Canada: 1 %
  • Other Non-US Citizens: 13 %

• U.S. citizens in newest entering class:

  • African American: 2 %
  • Asian American: 22 %
  • Hispanic or Latino American: 10 %
  • Multiethnic/Multiracial: 2 %
  • Native American: 0 %
  • White (Non-Hispanic): 59 %
  • Chose not to report: 5 %

• Regional breakdown of U.S. citizens in newest entering class:

  • Northeast: 94 %
  • Mid-Atlantic: 3 %
  • South: 1 %
  • Southwest: 0 %
  • Midwest: 1 %
  • West: 1 %
  • Possessions and territories: 0 %

ADMISSIONS - Getting Into the Institution

• Standardized tests required of all applicants:

  • SAT or ACT for freshmen only
• • Interviews are: Not offered

• Application deadlines:

  • Fall 2012 1/15/2012
  • Spring 2013 11/15/2012
• • Additional application requirements: For freshmen: Supplemental admissions form, high school transcripts, essay. For transfer students: also transcripts from other colleges attended. For international students: also TOEFL or IELTS.
• • Total undergraduate applicants, all programs: 32,687
• • Percentage of applicants admitted: 41 %
• • Percentage of admitted applicants who enrolled: 25 %
• • International applicants: 13 %
• • Female applicants: 31 %

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Important
  • Talent/ability: Considered
  • Interview: Not Considered
  • Extracurricular activities: Important
  • Volunteer work: Considered
  • Character/personal abilities: Important
  • Application essay: Important
  • Work experience: Considered
  • SAT/ACT scores: Very Important
  • Recommendations: Important
  • High school GPA: Very Important

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The university admissions office
  • Total undergraduate business applicants: 4,602
  • Percentage of applicants admitted: 27 %
  • Percentage of admitted applicants who enrolled: 25 %
• • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: No
• • Admissions interviews for the undergraduate business program are: Not offered

• Freshman admission:

  • Does the business program admit freshmen?: Yes
  • Percentage of business program admits in most recent entering class who were freshman: 85 %
  • Are freshman business admits required to complete or obtain minimum GPAs in pre-business courses before taking upper-level courses? No
  • Process for freshmen admission?: Indicate interest on university application
  • Additional application requirements for freshman admits: Same as for the entire university. See previous question relating to "university."

• Internal transfers:

  • Minimum college GPA for internal transfers to the business program: 3.5
  • Additional application requirements, including course/grade requirements: Given intense competition for internal transfer into the School of Management, a Binghamton GPA of 3.5 is NOT a guarantee of admission by itself. Grades in math and economics courses and level of student at the time of application (i.e. sophomore, junior, etc) are also components in the decision, along with the GPAs of applicants. In simple terms, the best of those applying up to the maximum that can be accommodated are accepted, and the actual GPA cut-off can be higher than 3.5.

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Delta Sigma Pi -Professional Business Fraternity
  • Beta Gamma Sigma - Professional Business Traternity
  • Beta Alpha Psi - Professional Business Fraternity
  • Alpha Kappa Psi - Professional Business Fraternity
  • SIFE- Students in Free Enterprise
• • Are freshmen required to live on campus?: Yes
  • Are business students grouped together in 'learning communities' in housing and other facilities?: No

PROGRAM REQUIREMENTS

• Minimum number of credit hours required to receive an undergraduate business degree:

  • B.S 130
  • B.S 130

• Other requirements for the undergraduate business degree

  • An overall GPA of 2.0 or better, and a GPA of 2.0 or better for all School of Management, courses attempted is required.

ACADEMICS

• Average class size:

  • Required business classes: 57
  • Business electives: 29

• Percentage of business classes:

  • With 20 or fewer students: 17 %
  • With 21 to 50 students: 65 %
  • With more than 50 students: 18 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 25 %
  • Percentage of required business courses with waiting lists: 0 %

CURRICULUM

• Electives:

  • Available business electives: 38
  • New electives: Advanced Spreadsheet Modeling
• • Last curriculum overhaul: 2007
  • Total business faculty: 55
  • Percentage of the total faculty that is tenured or tenure track: 60 %

• Most prominent faculty:

  • Francis Yammarino
  • Kristian Rydqvist
  • Subimal Chatterjee

• Business program's leading areas of study:

  • • Accounting
    • Finance
    • Marketing
    • Management Information Systems
    • Leadership
  • Other leading area of study: A Financial Engineering concentration requiring additional coursework in math and economics is offered for students interested in pursuing careers in investment banking and portfolio risk analysis.
• • Special programs: The PricewaterhouseCoopers Scholars program is offered by invitation to a limited number of the best freshmen applicants, and, on occasion, to a very small number of students in their second semester. The program option features special seminars, professional development activities and travel opportunities. Students also are required to participate in a community service project.
• • Work study: Most of the largest CPA firms offer a limited number of senior level students paid spring semester internship/co-op opportunities. Some of the investment banking firms that recruit at Binghamton also offer co-op type opportunities during the summer or semester breaks. All of the largest accounting and financial services firms that recruit offer summer internship opportunities.
• • Study abroad programs: During the semester breaks for-credit study abroad courses are offered in India and China. These courses which focus on doing business in those countries are taught by School of Management faculty who accompany the students. The courses include field trips to business enterprises and universities, as well as exposure to some cultural attributes of the countries. PricewaterhouseCoopers Scholars have the opportunity to participate in a special non-credit travel abroad experience during the winter break. This opportunity is directed by the program director and partner/director level personnel from PwC. In addition, Binghamton University and the other SUNY units have roughly 300 study abroad opportunities available to all students including those in the School of Management.
• • Volunteer opportunities: Many of the student organizations on campus, including those within the School of Management, participate in fund raising efforts for local charitable or not-for-profit organizations. Some SOM courses include projects that involve consulting or analytic studies for local business enterprises or government entities. Students in the PwC Scholars program must participate in an annual community service project as part of their requirements.

• Extra-curricular activities:

  • Delta Sigma Pi - Professional Business Fraternity
  • Beta Gamma Sigma- Professional Business Fraternity
  • Beta Alpha Psi - Professional Business Fraternity
  • Alpha Kappa Psi - Professional Business Fraternity
  • SIFE (Students in Free Enterprise)
  • ASCEND (Latino Management and Accounting Student Club)
  • Bert Mitchell Minority Student Association (for SOM students)
  • Finance, Marketing and Human Resources student clubs

FINANCIAL AID

• • Who manages financial aid for the business program?: Central financial aid office at the university
  • Financial aid web site: http://bingfa.binghamton.edu

• Scholarships

  • Scholarship money distributed to business students last year: $166,056.00
  • Expected scholarship distribution to business students this year: $217,405.00
  • Scholarships are awarded to business students based on: a combination of need and merit
  • Students receiving institutional scholarships in the current academic year: 10 %
  • Institutional scholarship money distributed to undergraduate business students based on need: 60 %
  • Institutional scholarship money distributed to undergraduate business students based on merit: 40 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt, most recent graduating class: $10,311.00

CAREER SERVICES

• Employment Information

  • Percentage of most recent business graduates who supplied information regarding employment: 91 %
  • Percentage seeking full-time professional employment in business: 63 %
  • Percentage not seeking full-time professional employment in business: 37 %

• Received first job offer:

  • By graduation: 39 %
  • After graduation, but within 3 months: 13 %
  • No job offer reported: 48 %

• Accepted first job offer:

  • By graduation : 90 %
  • After graduation, but within 3 months: 9 %
  • No job acceptance reported: 1 %
• • Companies recruiting business students on campus: 39
  • Companies posting job offers for business students on school job boards: 358

• Top employers (number of students hired):

  • PricewaterhouseCoopers 23
  • KPMG 11
  • Ernst and Young 11
  • Morgan Stanley 2
  • Goldman Sachs 2
  • Target 2
  • Deloitte 1
  • McGladrey 1
  • Bank of America-Merrill Lynch 1
  • IBM 1
  • Protiviti 1
  • General Electric 1
  • FINRA 1
  • Macy's 1
  • SONY 1

• Compensation

  • Mean base salary: $54,487.00
  • Median base salary : $57,000.00
  • Mean signing bonus: $4,143.00
  • Median signing bonus: $3,000.00

• Most recent graduates accepted jobs in the following functional areas:

  • Consulting: 4 %
  • Finance/Accounting: 21 %
  • General Management: 4 %
  • Human Resources: 1 %
  • Management Information Systems: 3 %
  • Marketing/Sales: 9 %
  • Operations/Production: 0 %
  • Logistics/Transportation: 0 %
  • Other: 58 %

• Most recent graduates accepted jobs in the following industries:

  • Accounting: 14 %
  • Consumer Products/Retail : 6 %
  • Consulting: 2 %
  • Financial Services: 9 %
  • Government/Education: 1 %
  • Pharma/Biotech/Health: 0 %
  • Manufacturing: 0 %
  • Media/Entertainment: 2 %
  • Petroleum/Energy: 0 %
  • Real Estate: 0 %
  • Sports/Leisure: 1 %
  • Technology/Science: 6 %
  • Non-Profit: 1 %
  • Transportation: 0 %
  • Utilities: 0 %
  • Other: 58 %

• Job offers accepted by most recent graduates in North America:

  • US: 100 %

• Percentage of 2009-10 academic year graduates who accepted jobs in regions of US:

  • Northeast: 95 %
  • Mid-Atlantic: 2 %
  • Midwest: 1 %
  • South: 1 %
  • Southwest: 0 %
  • West: 1 %
  • Possessions and territories: 0 %
• • Career services offered: Resume, cover letters, interview critiques, networking events, presentation skill development, etc.

INTERNSHIPS

• • Companies recruiting business students for internships on campus: 18
  • Companies posting internship offers for business students on school job boards: 121

• Top internship employers (number of students hired):

  • PriceWaterhouseCoopers 24
  • Ernst and Young 10
  • KPMG 5
  • Goldman Sachs 4
  • Morgan Stanley 4
  • McGladrey 3
  • New York City Comptrollers Office 3
  • Target 3
  • Deutsche Bank 2
  • General Electric 2
  • Protiviti 2
  • FINRA 2
  • Madison Square Garden 2
  • BAE Systems 2
  • Northwestern Mutual 2

• Internship pay

  • Internships that are paid: 83 %
  • Mean compensation, per week, for paid internships only: $736.00
  • Median compensation, per week, for paid internships only: $640.00
  • Average internship length, in weeks: 10

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 12,650
  • Total living alumni of the undergraduate business program: 12,375
  • Percentage of living alumni who contributed to the business program or university in the last academic year: 10 %

• Alumni gifts

  • Mean Gift: $375.00
  • Median Gift: $50.00
  • Did the business program receive a gift of $10 million or more in the last academic year? No

• Prominent alums of the undergrad business program

  • Mark Zurack Retired Managing Director, Goldman Sachs
  • Charles Kim Principal and Founder, alpine Securities, USVI, LLC
  • Mark Deutsch Principal, Hudson Ferry Capital

• • -I believe that the program does an exceptional job getting big finance and accounting firms to come to Binghamton. I also think that the faculty is very reliable and willing to help with students' problems.
    
    -Many of the career development opportunities are strictly through events held by student organizations within the School of Management. It would be nice if professional development was stressed earlier (such as the beginning of Freshman year) via a class or speaker series by a School of Management professional. There is a class designed to expose freshmen business students to different aspects of business, but the class is way too large for it to have any positive effect. There is also no development program for transfer students who may have missed early business development at their prior institution.
    
    -Binghamton's business program gives students the opportunity to work in teams from the moment we walk in the door our freshman year. By completing numerous group projects, case studies, simulations, and other interactive methods of learning, we are able to put the methodology into practice.
    
    -I think many students are looking for more "front end" finance positions, and because that we are not an Ivy League school, this is very hard to get. Also, I think that there should be more group-based projects that are more realistic to real world cases that should be give.
    
    -The Binghamton University School of Management does place a high priority on job placement and access to industry recruiters and professionals.
    
    -Since we are a very accounting-heavy school, personally, I would like to see more of a variety of marketing and non-accounting classes offered. Other than that, I think we have a really well rounded program that gives us a base knowledge of most every major subject in business.
    
    -The fact that it has many connections to NYC (many students from the area and many firms from there recruit here) helps Binghamton's reputation. Also, I thought the finance classes were pretty good and the teachers were very good. The students here are those who did well in high school and are pretty motivated. Also, Binghamton has incredible connections with Big 4 accounting firms, so if you want an accounting job, you'll be fine.
    
    -Offer enough spots when registering for classes that we need to take to fulfill major. I shouldn't have to take a marketing class for something I don't want to learn about when I can be taking something more beneficial to my future plans.
    
    -While we lack the resources of other elite business programs, we make up for it in resourcefulness. Ask anyone about our Leadership program, specifically the Manley's Service Learning Project associated with LEAD 353; it is a unique opportunity I guarantee no other college offers to their students. MBA programs come to our professors and ask how we continually rank so high with so few resources.
    
    -I would recommend expanding our facilities. While SoM has the smallest number of students, we have the largest number of events and classes.
    
    -The business school allows students to develop into real world professionals by increasing the level to which students can improve their leadership, presentation, and professional skills. Students are also able to see multiple sides of business aspects through the diverse courses available.
    
    -I believe that several problems have already been identified, and are being worked on. The school is working on both teamwork skill building, and individual performance. As with anything, the college is struggling with "entitlement" leanings of the current generation of students. The school needs to ensure that an earned A, is really an A. And, I believe the school is heading that direction.
    
    -The school's core business classes and major specific requirements generate a competitive but still friendly atmosphere within the program. We all want to see each other do well and work together to raise the standards of the School of Management.
    
    -Make classes more about learning real business as opposed to what is needed for the test. I have had a few classes with no tests, and those are the classes that looking back I still remember the material and feel like i gained the most from. All classes should be like those.
    
    -The school does a great job in incorporating real world applications into classes. The faculty, staff, and students are able to exchange ideas in a comfortable setting, which allows for high caliber conversations. SOM has a great environment and the faculty and staff make an effort to create personal relationships with students as well as professional.
    
    -There is way too much focus on Finance careers only. Way too much! There is also far too much focus on careers in New York City only. Not everyone is an A+ Finance/Accounting major who wants to work in the city. They need to get firms from other areas in the state to recruit and in the other disciplines like Human Resources, Marketing and Consulting. Focus on the local area (Binghamton) would help the local economy. They may not pay as much, but they are great places to gain valuable experience.
    
    -What I love about Binghamton University SoM is that it encourages students to take charge of their own college career. While we have to take rigorous classes, many students take leadership roles in clubs on campus. The majority of professional events with business firms are planned by students, not the career development center. SoM knows how to get its students involved and as a result, builds the great professional network we boast to this day.
    
    -There should be more courses individualized per program. For example, an entrepreneurship major should be required to take an entrepreneurial finance class but we don't offer that currently.
    
    -This program requires its students to be exposed to all facets of business, in a format that also teaches students important skills like time management, and gives students a picture of what life in the business world will be like.