UNDERGRADUATE Profiles Publish Date 2/26/09

Boston University

School of Management

Getting In

PROGRAM BASICS

Undergraduate Program

595 Commonwealth Avenue
Boston , Massachusetts 02115

Private Institution

Web site

http://management.bu.edu

Program e-mail address:

admissions@bu.edu

Program telephone number:

(617) 353-2300

AACSB accredited:

Yes

Accreditation other than AACSB:

NEASC
CAHME

Year in which the undergraduate business program was founded:

1913

Length of entire institution:

Four Year

Business program length:

Four Year

Degrees offered:

Degree/Program Name:
BS/ Accounting/ Finance/ Entrepreneurship/ General Management
Organizational Behavior/ Law/ MIS/ International Management/ Operations and Technology Management
Marketing

PROGRAM COSTS

Annual Tuition (Resident):

$ 36,540

Annual Tuition (Non-Resident)

$ 36,540

Cost per academic credit (resident)

$ 1,142

Cost per academic credit (non-resident)

$ 1,142

Required fees

$ 510

Books:

$ 860

Room and board:

$ 11,418

ENROLLMENT

Full-time undergraduate business student enrollment:

2,009

Part-time undergraduate business student enrollment:

Total College enrollment for 2008-09:

31,766

ADMISSIONS

Interviews for entire college:

Not required

Additional application requirements for entire college:

Either the SAT or ACT required, TOEFL ot IBT for non-native speakers

Upcoming application deadlines for entire college:

Semester: 09-01-2009
Deadline: 01-15-2009
Semester: 01-15-2010
Deadline: 11-15-2009

Freshmen admitted into business program:

Yes

Percentage of business students admitted as freshmen:

94 %

Are the freshman admits to the business program required to complete pre-business courses before beginning upper-lever courses in the junior year?

Freshmen admitted by:

Indicate interest on university application

Internal transfers handled by:

Separate application

Minimum requirements for business program:

Entrance exam requirement other than SAT/ACT for business program:

Interview to enter business program:

Not required

Additional application requirements for freshman admits:

N/A

Minimum college GPA for internal business program transfers:

2.7

Additional requirements for internal transfers:

Minimum of a 'B' in Introduction to Management Course; essay

Total number of full-time applications for entire college:

40,528

International applicants, entire college, 2008-09:

11 %

Female applicants, entire college, 2008-09:

59 %

Selectivity--applicants admitted to undergraduate business program, 2008-09:

53 %

Yield -- applicants enrolled in undergraduate business program, 2008-09:

20 %

Relative Importance of Application Elements:

Secondary School Record:

Very Important

Class Rank:

Very Important

Talent/Ability:

Considered

Interview:

Considered

Extracurricular Activities:

Considered

Volunteer Work:

Considered

Character/Personal Abilities:

Considered

Application Essay:

Important

Work Experience:

Considered

SAT/ACT Scores:

Important

Recommendations:

Important

High School GPA:

Very Important

Admissions program managed by:

The university admissions office

Total undergraduate business program applicants, 2008-09:

5,069

Applicants enrolled in undergrad business program 2008-2009:

37 %

Applicants admitted to undergraduate business program, 2008-09:

31 %

CLASS PROFILE

Class Profile:

Female: 45 %
International : 21 %

Entering students by age:

Mean: 18
Median: 18

Citizenship of Entering Students

U.S.: 71 %
Canada: 2 %
Other countries: 27 %

Percentage of US citizens in entering class who are:

African American: 1 %
Asian American: 28 %
Hispanic or Latino American: 7 %
White (Non-Hispanic): 32 %
Chose not to report: 28 %
Other: 4 %

Entering students from the following region:

Northeast: 70 %
Mid-Atlantic: 6 %
South: 1 %
Southwest: 5 %
Midwest : 7 %
West: 11 %
Possessions and territories: 0 %

SAT Scores for full-time entering business students on 1600 scale:

Mean: 1294
Median: 1290

SAT middle 50% range on 1600 scale:

From: 1,230
To: 1,360

ACT Scores for full-time entering business students:

Mean: 29
Median: 29

ACT middle 50% range:

From: 27
To: 30

Percent of Students Who Were In:

Top 10% of high school class

55 %

Top 25% of high school class:

87 %

HS GPA of 3.75 or higher

26 %

HS GPA of 3.5 to 3.74:

34 %

FINANCIAL AID

Financial aid handled by:

Central financial aid office at the university

Institutional scholarship money distributed to undergraduate business students in previous academic year:

$ 17,426,582

Institutional scholarship money to be distributed to undergraduate business students in current academic year:

$ 18,817,673

Scholarships awarded to students in the business program based on:

A combination of need and merit

Scholarship consideration process:

As part of the admissions application

Other scholarship considerations:

N/A

Students receiving institutional scholarships for 2008-09 academic year:

46 %

Undergraduate business students with full-tuition scholarships 2008-09:

3 %

Percentage of institutional scholarship money distributed to business students based on merit, 2008-09 year:

70 %

Percentage of institutional scholarship money distributed to business students based on need, 2008-09:

30 %

School offers guaranteed loans:

Financial aid web site

http://www.bu.edu/admissions/apply/scholarships.html

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

88 %

Business students who graduate within 6 years:

87 %

Freshman retention rate:

91 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BS
Hours: 136.5

Other degree requirements:

Management as a System 12 credits Microeconomics 4 credits; Macroeconomics 4 credits; Writing 4 credits; Pre-calculus or Calculus 4 credits; Financial Accounting 4 credits; Managerial Accounting 4 credits; Statistics and Managerial Decision Making 12 credits; Organizational Behavior 4 credits; Business Law 4 credits; Career Planning 0.5 credits; Introduction to Finance 4 credits; Introduction to Management Information Systems 4 credits; Introduction to Marketing 4 credits; Introduction to Operations Management 4 credits; Strategy & Policy 4 credits; Management electives 16 credits; Liberal Arts electives 32 credits; Free electives 12 credits

ACADEMICS

Average class size in required business courses:

Average class size in business electives:

Class size:

Classes with fewer than 20 students: 11 %
Classes with 21 to 50 students: 72 %
Classes with more than 50 students: 17 %

Required business courses that reached maximum enrollment by the first day of class, previous academic year:

41 %

CURRICULUM

Number of elective courses available in business program:

Electives added current year:

Real Estate Development

Year of the last major change to the business program's core curriculum:

2000

Leading areas of study:

Accounting

Entrepreneurship

Finance

Marketing

Other

Law

Special programs for business students:

1) Management Honors Program 2) BUCOP- BU Collaborative Degree Program through which students earn two bachelor degrees concurrently.

Business program offers work study or co-op opportunities:

Yes

Work study is available through the University Financial Aid Department. Co-op opportunities can be researched through the Feld Career Center.

Business program offers study abroad opportunities:

Yes

Study abroad program description:

Boston University sponsors one of the largest study abroad programs in the country, with more than 40 programs in 32 cities in 21 countries around the world. The School of Management offers one-semester internship programs in University of Sydney, Australia; Copenhagen Business School, Denmark; Universite Paris IX, Dauphine, France; Univeritat Trier, Germany; University College Dublin, Ireland; University Aukland, New Zealand; Universidad Autonoma, Madrid, Spain; George Washington University, Washington, D.C.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

Opportunities are available through the Management House Program, the Campus Community Service Center, and various activities via Undergraduate Government, and student clubs and organizations.

Business clubs and extracurricular activities:

Accounting Association American Marketing Association Beta Alpha Psi Delta Sigma Pi
Diversity in Management Dean's Hosts BSBA Private Equity Club
BU Entrepreneurship Club MIS Club SMG Student Government Real Estate Club
Leaders for Corporate Social Responsibility Fashion and Retail Association
LOCK Honorary Service Society Sports Management Association Media and Entertainment Club
fight JPA Students in Free Enterprise B-School Beanpot
International Management Association APICS - The Association for Operation Management
Corporate Law Society Alpha Kappa Psi Management Consulting Society

FACULTY

Faculty:

Full-time faculty : 111
Adjuncts and visiting faculty: 47
Permanent/tenured professors: 48
Percentage of permanent/tenured professors who are women: 21
Percentage of permanent/tenured professors who are underrepresented minorities: n/a
Percentage of permanent/tenured professors who are also members of company boards of directors or of advisors: 0
Percentage of permanent/tenured professors who are business owners: 13

Prominent faculty:

Zvi Bodie
N Venkatraman
Marshall VanAlstyne

STUDENT LIFE

Largest on-campus organizations for business students:

SMG Student Government
BSBA Finance Club
Delta Sigma Pi
AKPsi
BU Marketing

Freshmen are required to live on campus:

Yes

Business students are grouped in learning communities:

Yes

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

FY08 focused on leveraging information technology resources in the production and delivery of business education. SMG adopted Sakai as its course management system, integrating it with u-portal. Video capture of lectures was piloted and classrooms were upgraded with workstations, high-end video cards, network switches, and pen-equipped computer monitors. Open access lab equipment was replaced and wireless access was improved to meet demand. An on-line MBA Directory for business networking and an application for on-line faculty and course evaluation data were released.

Trading laboratory available:

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

35,100

Total living alumni:

23,210

Percent of alumni who gave, 2007-08 academic year:

9 %

Mean alumni gift 2007-08:

$ 518

Median alumni gift, 2007-08:

$ 225

Single donation in excess of $10 million in 2007-08?

Prominent alumni:

Name: Allen Questrom, SMG '64
Title: Retired Chairman & CEO of JC Penney
Name: Kenneth Feld, SMG '70
Title: Chairman & CEO Feld Entertainment
Name: Michael Bronner, SMG '82
Title: Chairman UPromise

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

73 %

Seeking full-time employment in business: 93 %
Not Seeking full-time employment in business: 7 %

Number of companies recruiting undergraduate students on campus in previous academic year:

120

Companies that posted full-time job offers/positions on school job boards, previous academic year:

421

Other activities and services provided for business majors:

The Feld Career Center offers a focused and dynamic career course, Charting Your Career Path; access to a team of career counselors; interview training; resume and cover letter critiques, a full calendar of career-oriented programs and events; access to extensive career, insutry and networking resources; CareerEXPO's in both the fall and spring each year.

Job offer results, 2008 graduates:

Received first job offer by graduation: 69 %
Received first job offer in three months following graduation: 10 %
Received first job offer more than 3 months after graduation: 11 %
Did not report having received a job offer: 10 %
Accepted first job offer by graduation: 64 %
Accepted first job offer in three months following graduation: 9 %
Accepted first job offer more than 3 months after graduation: 11 %
Did not report having accepted a job offer: 16 %

Top hiring firms:

Ernst & Young
PricewaterhouseCoopers
Merrill Lynch
Goldman Sachs Group
Lehman Bros.
Target Corp.
General Electric
Bank of America Corp.
Citigroup Inc.
Unilever

Deloitte & Touche
State Street Corporation
TJX Companies
Rothstein Kass
PA Consulting

Graduate compensation:

Mean base salary: $ 49,850
Median base salary: $ 50,000
Mean signing bonus: $ 5,237
Median signing bonus: $ 4,000
Mean other guaranteed compensation: $ 2,910

Grads accepted jobs in following functional areas:

Consulting: 7 %
Finance/Accounting: 47 %
General Management: 8 %
Human Resources: 1 %
Management Information Systems: 5 %
Marketing/Sales: 22 %
Operations/Production: 5 %
Logistics/Transportation: 1 %
Other: 4 %

Grads accepted jobs in following industries:

Accounting: 12 %
Consumer Products/Retail: 11 %
Consulting Services: 6 %
Financial Services: 32 %
Government/Education: 2 %
Pharma/Biotech/Health: 0 %
Manufacturing: 5 %
Media/Entertainment: 2 %
Petroleum/Energy: 0 %
Real Estate: 2 %
Sports/Leisure: 5 %
Technology/Science: 6 %
Non-Profit: 2 %
Transportation: 1 %
Utilities: 1 %
Other: 13 %

Percentage of job acceptances, US and Canada:

US: 91 %

Grads accepted jobs in the following US regions:

Northeast: 73 %
Mid-Atlantic: 5 %
Midwest: 2 %
South: 2 %
Southwest: 1 %
West: 8 %
US Possessions/Territories: 0 %

Number of companies recruiting interns on-campus, 2007-08 academic year:

Internship postings on job boards, previous academic year:

265

Top internship recruiters, 2007-08:

Merrill Lynch
PricewaterhouseCoopers
Ernst & Young
KPMG LLP
Goldman Sachs Group
HSBC
Lehman Bros.
Deloitte Touche Tomatsu

Fidelity Investments
State Street Corporation
Boston University School of Management
University Directories
Deloitte & Touche
ARAMARK at Fenway Park
Enterprise Rent-a-Car

Percentage of internships that were paid, previous academic year

54 %

Mean internship compensation per week:

$ 645

Median internship compensation per week:

$ 600

Average internship, in weeks:

Graduate Comments

A negative aspect of the business program is its focus on finance and accounting and quantitative classes over qualitative classes. I've had many required classes be about numbers when I knew I would concentrate in Marketing & International Management. Four years at that this school has prepared me inadequately for that kind of career path.

A lot of people don't understand the grading policy, therefore they get upset about it. But I think it's extremely fair. Many of the other sub-colleges within BU have grading policies that need a lot more work.

BU does not receive a lot of alumni support which really weakens the quality of firms recruiting at our school, and therefore fewer jobs which would really make one's career path open up (eg. investment banking, consulting) are readily available to graduates.

Many of my fellow classmates have no hope of ever finding a good career, and it is not the fault of BU. Many are simply trust fund babies with no guidance or direction in life who simply slam BU because they were not literally handed a job as they were everything else in life. My current roommate, although I love him, has no concept of reality as perhaps you and I do. He is 22 years old, has never had a job part time or full time and eats at a restaurant every single night of his life. The problem is that Bu doesn�t prepare students, it's that they had a hope to begin with.

The career center needs to be more proactive and require students to meet with advisers. For such a small program, the career center should be able to match the success of small liberal arts colleges who have incredible job placement in business fields. Also, I hope to be apart of the trend that brings back alumni relations. The way that alumni treat current students is horrendous simply because there is no relationship.

The Feld Career Center has done an acceptable job of attracting employers to Boston University's School of Management to hire students. However, there is much room for improvement. The main area that distinguishes BU from BC, our main competitor in Boston, is BC's strong alumni network that is constantly tapped during recruiting efforts. Many students believe BC's academic program is not better than BU's, but their career center is top notch and recruiting opportunities far exceed BU's. BU far better prepares students for their careers by stressing rigorous team projects and presentations and not focusing on traditional lecture formatted classes.

Our business program is largely made up of finance concentrators and the career advisers focus most (if not all) their attention to attracting employers in that field and they tend to forget about the other concentrations such as information systems and operations management (my concentration).

Boston University SMG says that it makes good use of adjuncts who have real world experience. Although adjuncts have the experience, when it comes to the technical material, they are absolutely lacking. I've had a statistics professor whose primary focus was on entrepreneurship but did not have the background to teach statistics. He was often stumped by them simple questions that students asked him.

The extent to which teams add value to our education. We're constantly working with teams and on team business projects which prepare us for the "real world." Also, they mold our public speaking skills as we give roughly 2-3 presentations per semester per business class. We're taught a certain professionalism that helps especially on interviews. Also, the professors generally really care about the students well-being and are looking out for them. Finally, our strategy class allows us to prepare and analyze case studies, something we do through many other courses as well. This allows us to think analytically about a problem and come up with creative solutions.

Graduates of this business program have a strong sense of how businesses operate across functional areas, rather than only building up a proficiency in one area of business. If one wants to become a leader in the business world, having only a one-dimensional view of business is disadvantageous as compared to the foundation instilled in a BU School of Management graduate.

The constant emphasis on teamwork separates BU from the lot. Business students start working on teams from first semester. During junior year an intensive semester program called CORE forces students to work in a team to develop a new product and write a 100 page business plan & PowerPoint presentation. Every semester I've had 1-3 teams. There is grade deflation which BU does not like to admit it. This hurts students in finding a job when there is a minimum GPA requirement and forces us to compete unfairly with students from other colleges who have not had grade deflation.

An incredible focus on teamwork throughout my entire time at BU (in every single class), the quality of my classmates in terms of diversity and intelligence (very large international population), great mix of academic and "industry" professors, and a constant focus on preparing for the working world since freshman year. Also, being located in Boston helps too and makes interning while going to school full time very easy to do.

Boston University School of Management has a major focus on teamwork from the second students get involved. Nearly all of my courses have had a team project, and these projects have served as an integral part of my learning experience--not only do students develop a broader understanding of the topic which they are studying, but they also gain valuable communication and teamwork skills that I believe will be necessary in the work place.