Cornell University

Program Basics

• • Charles H. Dyson School of Applied Economics and Management
  • Warren Hall
  • Cornell University
  • Ithaca, 14853-7801, New York
  • United States of America
  • Program Web site: http://dyson.cornell.edu
  • Program e-mail address: aemug@cornell.edu
  • Program phone number: 607-255-8472
  • Status: Private
• • AACSB accredited: Yes
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Institution's total undergraduate enrollment: 20,939
  • Undergraduate business program's full-time enrollment: 697
  • Undergraduate business program's part-time enrollment: 0
  • Undergraduate business program's distance enrollment: 0
• • Freshman retention rate for your college or university?: 97 %

• Undergraduate Business Degrees Offered:

  • Degree Offered (e.g. BA, BS)/Program Name: BS/Applied Economics and Management

PROGRAM COSTS

• • Annual Tuition (Resident): $23,310.00
• • Annual Tuition (Non-Resident): $39,450.00
• • Annual Required Fees: $216.00
• • Annual Room and Board: $12,650.00
• • Annual Cost of Books: $780.00

CLASS PROFILE

• Students in newest entering class (2010-2011) that are:

  • Female: 23 %
  • International: 7 %

• Mean and Median age of full-time business students in the 2010-11 entering class:

  • Mean: 18
  • Median: 18

• Percentage of 2010-11 entering class:

  • Top 10% of high school class: 93 %
  • Top 25% of high school class: 100 %
  • GPA of 3.75 or higher: 68 %
  • GPA of 3.5 to 3.74: 18 %

• SAT scores for the 2010-11 entering class of full-time undergraduate business students:

  • Mean: 1381
  • Median: 1410

• Middle 50% range of SAT scores:

  • From: 1320
  • To: 1470

• Mean and Median ACT scores for the 2010-11 full-time undergraduate business students:

  • Mean: 32
  • Median: 32

• Middle 50% range of ACT scores for the 2010-11 full-time undergraduate business students:

  • From: 29
  • To: 33

• Citizenship breakdown of 2010-11 entering class:

  • US: 90 %
  • Canada: 2 %
  • Other Non-US Citizens: 5 %
  • Dual Citizenship: 3%
  • Unknown Citizenship: 0 %

• US Citizens in 2010-11 entering class:

  • African American: 9 %
  • Asian American: 6 %
  • Hispanic or Latino American: 7 %
  • Multiethnic/Multiracial: 18 %
  • Native American: 1 %
  • White (Non-Hispanic): 50 %
  • Chose not to report: 9 %
  • Other: 0 %

• Regional breakdown of US Citizens in 2010-11 entering class:

  • Northeast: 69 %
  • Mid-Atlantic: 7 %
  • South: 8 %
  • Southwest: 5 %
  • Midwest: 4 %
  • West: 7 %
  • Possessions and territories: 0 %

ADMISSIONS - Getting Into the Institution

• Which standardized tests are required of all applicants?:

  • SAT or ACT with writing
• • Are interviews required?: Not offered

• Application deadlines for the 2011-2012 academic year

  • Fall 2011/Freshmen 01-03-2011
  • Fall 2011/Transfers 03-01-2011
  • Spring 2012/Transfer 10-01-2011
• • Additional application requirements: FRESHMEN: Common Application, Supplement, SAT science and math (recommended). EXTERNAL TRANSFERS: Transfer Common Application, Supplement, writing/ speech, micro & macroeconomics, calculus I. INTERNATIONAL: TOEFL/IELTS (waivers possible).
• • Total number of full-time undergraduate applications (admitted and denied) to all programs: 39,522
• • Percentage of applicants admitted: 19 %
• • Percentage of admitted applicants who enrolled: 51 %
• • Percentage of applicants (admitted and denied) to the entire college for the 2010-11 academic year who were international: 15 %
• • Percentage of college applicants (admitted and denied) for the 2010-11 academic year who were female: 23

• Relative Importance of Application Elements

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

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The university admissions office
  • Total number of applicants (admitted and denied) to the undergraduate business program for the 2010-11 academic year: 1515
  • Percentage of applicants admitted to the program (selectivity)?: 21 %
  • Percentage of admitted applicants who enrolled (yield): 78 %
• • 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
  • What percentage of 2010-11 admissions to the business program were freshmen? 52 %
  • Are business students admitted to the program as freshmen required to complete or obtain minimum GPAs? No
  • Process for freshmen admission?: Indicate interest on university application

• Internal transfers:

  • Minimum college GPA for internal transfers to the business program: 2.75
  • Additional application requirements, including course/grade requirements: Introductory macroeconomics and microeconomics, calculus; grade of B+ or better in 2 or more specified business courses

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Cornell Entrepreneur Organization (CEO)
  • 85 Broads@Cornell
  • Mutual Investment Club of Cornell
  • Society for Women in Business
  • Phi Gamma Nu (Professional Co-Ed Business Fraternity)
• • Are freshmen required to live on campus?: No
  • 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:

  • BS 120

• Other requirements for the undergraduate business degree

  • College distribution requirements; core business requirements; business specialization requirements. Please see the Dyson School's web site for more information: http://dyson.cornell.edu/undergrad

ACADEMICS

• • Average class size in required business classes, excluding those offered in electronic format: 69
  • Average class size in BUSINESS ELECTIVES, excluding those offered in electronic format: 51

• Percentage of business classes:

  • With 20 or fewer students: 19 %
  • With 21 to 50 students: 51 %
  • With more than 50 students: 30 %

CURRICULUM

• Electives:

  • Names of new electives that have been added to the business program in the current academic year: Commercial Bank Management
• • In what year was the last major change or significant overhaul to the business program's core curriculum?: 2007
  • Total number of faculty currently teaching in the undergraduate business program: 46
  • Percentage of the total faculty that is tenured or tenure track: 65 %

• Business program's leading areas of study:

  • • Finance
    • General Management
    • Marketing
    • International Business
    • Economics

• New electives added in current academic year:

  • Commercial Bank Management
  • Advanced Corporate Finance
  • Investment Management in the Global Economy
  • Practitioner's Guide to Security Markets and Investment Banking
  • Sustainable Business: A Behavioral Economics Approach

• Special Programs:

  • Special programs available to business students: Leadership Certificate Program; Entrepreneurship@Cornell, a university-wide program

• Work study:

  • Does the business program offer work study or co-op opportunities?: No
  • Opportunities available for work study or co-op: Work study opportunities are offered through Financial Aid. The Cornell-in-Washington and Urban Semester (New York City) Programs feature internships along with coursework.

• Study abroad:

  • Does the business program offer opportunities to study abroad?: Yes
  • Study abroad programs: Cornell Abroad and the College's International Exchange Program connect students with academic programs, internships, research, and field study options on every continent.

• Volunteer opportunities:

  • Are opportunities for volunteer work and community service available to business students?: Yes
  • Available opportunities for volunteer work and community service: Cornell's Public Service Center helps students develop and fund volunteer and community service projects.

• Extracurricular activities:

  • Business-related clubs and extra-curricular activities are available to undergraduate students: Mutual Investment Club of Cornell
  • Cornell Accounting Association
  • Cornell Consulting Group
  • Minority Business Students Association
  • Dyson Undergraduate Council
  • Strategic Investment Group
  • Food Industry Management Fellows
  • Alpha Kappa Psi Co-Ed Business Fraternity

FINANCIAL AID

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

• Scholarships

  • Total scholarship money distributed to undergrad business students through the financial aid office: $6,657,259.00
  • Total scholarship money expected to be distributed to undergrad business students through the financial aid office: $7,288,628.00
  • On what basis are scholarships awarded to students in your business program?: financial need
  • Percentage of undergraduate business students receiving institutional scholarships or grants for the 2010-11 academic year: 47 %
  • Percentage of undergraduate business students receiving FULL-TUITION scholarships for the 2010-11 academic year: 18 %
  • Percentage of institutional scholarship money distributed to undergraduate business students based on need: 100 %
  • Percentage of institutional scholarship money distributed to undergraduate business students based on merit: 0 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt among 2010 undergraduate business program graduates: $8,950.00

CAREER SERVICES

• Employment Information

  • Percentage of 2010 graduates from the business program for whom you have information regarding employment: 70 %
  • Percentage seeking full-time professional employment in business: 89 %
  • Percentage not seeking full-time professional employment in business: 11 %
• • Number of companies that recruited undergraduate business students on campus: 70
  • Number of companies that posted full-time job offers for undergraduate business students on school job boards: 245
  • Other activities and services: Counseling and advising, web-based on-campus recruiting and job posting site, resume and cover letter critiques, practice interviews, career fairs, job search workshops, self-assessment tools, career library, alumni career link

• Job Offers

  • Accepted first job offer by graduation : 82 %
  • Accepted first job offer after graduation, but within 3 months: 16 %
  • Accepted first job offer more than 3 months after graduation: 2 %
  • Did not report having accepted a job offer : 0 %

• Firms that hired the most 2010 undergrad business majors for full time jobs

  • Ernst & Young 12
  • Goldman Sachs 9
  • J. P. Morgan 8
  • Morgan Stanley 7
  • General Electric 7
  • Bank of America Merrill Lynch 5
  • Deutsche Bank 4
  • Daymon Worldwide 3
  • UBS 2
  • Credit Suisse 2
  • Aldi 2

• Compensation

  • Mean base salary: $62,157.00
  • Median base salary : $56,250.00
  • Mean signing bonus: $8,075.00
  • Median signing bonus: $10,000.00

• Percentage of 2009-10 academic year graduates who accepted jobs in the following functional areas:

  • Consulting: 6 %
  • Finance/Accounting: 57 %
  • General Management: 4 %
  • Human Resources: 1 %
  • Management Information Systems: 4 %
  • Marketing/Sales: 17 %
  • Operations/Production: 2 %
  • Logistics/Transportation: 0 %
  • Other: 9 %

• Percentage of 2009-10 academic year graduates who accepted jobs in the following industries:

  • Accounting: 20 %
  • Consumer Products/Retail : 6 %
  • Financial Services: 48 %
  • Government/Education: 3 %
  • Pharma/Biotech/Health: 2 %
  • Manufacturing: 2 %
  • Media/Entertainment: 7 %
  • Petroleum/Energy: 0 %
  • Real Estate: 0 %
  • Sports/Leisure: 2 %
  • Technology/Science: 6 %
  • Non-Profit: 1 %
  • Transportation: 0 %
  • Utilities: 0 %
  • Other: 3 %

• Percentage of 2009-10 academic year graduates who accepted jobs in North America:

  • US: 99 %
  • Canada: 1 %

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

  • Northeast: 76 %
  • Mid-Atlantic: 10 %
  • Midwest: 5 %
  • South: 5 %
  • Southwest: 2 %
  • West: 2 %
  • Possessions and territories: 0 %

INTERNSHIPS

• • Number of companies that recruited internship-seeking undergraduate business students on campus in 2009-10 academic year: 51

B-SCHOOL ALUMNI

• Alumni gifts

  • Did undergraduate business program receive any individual gift in excess of $10 million from July 1, 2009 through June 30, 2010?: Yes
  • Donor and Amount: $25 million

• • -A very intimate setting in the classroom and the professors are all very passionate about what they do. For a large campus, the business program feels like it's own small community and is a very engaging environment.
    
    -Better communication between the Dyson School (undergraduate program) and the Johnson School (MBA program) would be advantageous for the applied economics and management students. Currently, there is little to no correspondence between the schools despite the fact that many undergrads take MBA courses.
    
    -Our business program strongly encourages its students to strive for personal and professional development outside the classroom, and it offers these kinds of opportunities as well. Our alumni network is also large, and the alumni within our program are very proactive in the sense that they are active within the undergraduate program, and they are very willing to provide professional opportunities and guidance.
    
    -Some of the intro courses could have smaller caps on the size of the lecture. Maybe Cornell could hire two professors to teach the same course so 500-plus kids aren't all in one lecture hall.
    
    -The outstanding faculty, advising and career services help students learn the necessary knowledge and skills in order to obtain jobs and become successful leaders in the business world.
    
    -The level of teaching, I feel, has room to be stepped up a notch on the scale of difficulty. This can be implemented by offering more upper-level finance classes, not ones that try to beat around the bush by watering down material to bite-size pieces, but ones that really attacks upper level finance issues.
    
    -Cornell is unique in its emphasis on a diverse set of classes. Last week I had a class in the graduate business school on hedge funds, and the next day I was on a farm learning about managing workers. You can’t say the same about any other school.
    
    -The one thing that I believe could make the business program stronger is stepping out from under College of Agricultural and Life Sciences and becoming its own college or joining with the other 'business-centric' majors on campus to develop a more directed curriculum that takes Cornell's Hotel School and Cornell's Business School into a larger business-focused college.
    
    -Cornell and University of Pennsylvania have the only undergraduate business programs in the Ivy League. Friends of mine in law and medicine have tremendous competition from the other Ivies, but in the Dyson School our primary competition is Wharton. We can consistently secure preference in interviews and offers over candidates from Harvard, Yale, and Princeton.
    
    -The business program could use a revamp to keep it up to speed with a technology-oriented, fast paced world. The new business building will help when it is done in a few years, but for now the school needs to focus on computer classes and presentation courses to boost student's professional awareness a little bit further.
    
    -The business program is unique in that it is exposed to the diversity of course offerings in the overall University. Most students take many classes outside the applied economics and management program that are relevant to business career interests. The Hotel School and School of Industrial and Labor relations both have relevant and interesting business classes.
    
    -The school could drop the big life sciences requirement that we have because of the college we are located in, and replace it with more business classes or classes that students are more interested in.
    
    -It is relatively small so it really feels like a family. Also the professors are outstanding both at lecturing and advising. The facilities are great; Mann library is the best. The business programs requirements allow for a really diverse course load and I think are really well balanced. We have the freedom to take a number of non-required classes yet we have the option to really focus on a wide array of business courses.