Program Basics

• • University of Delaware Alfred Lerner College of Business and Economics Undergraduate Program
  • Alfred Lerner College of Business and Economics
  • University of Delaware Lerner College Dean's Office
  • 303 Lerner Hall
  • Newark, Delaware
  • 19716
  • United States
  • Program Web site: http://www.lerner.udel.edu
  • Program e-mail address: advise@lerner.udel.edu
  • Program phone number: 302-831-2551
  • Status: Public (state-operated)
• • AACSB accredited: Yes

• Accreditation other than AACSB:

  • Middle States Assoc. of Colleges & Secondary Sch.
• • Year in which the undergraduate business program was founded: 1963
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Total undergraduate: 16,340
  • Full-time undergraduate business: 2,728
  • Part-time undergraduate business: 69
  • Distance undergraduate business: 223
• • College or university freshman retention rate: 93 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 69 %
  • Within six years of admission to the university: 80 %

• Undergraduate Business Degrees Offered:

  • BS, BA Economics
  • BS/Accounting; BS/Management Info Systems
  • BS/Finance
  • BS/International Business; BS/Marketing
  • BS/Management
  • BS/Operations Management
  • BS/Hotel, Restaurant and Institutional Mgmt.

PROGRAM COSTS

• • Annual Tuition (Resident): $9,670.00
• • Annual Tuition (Non-Resident): $25,940.00
• • Annual Required Fees: $1,522.00
• • Tuition Per Academic Credit (Resident): $403.00
• • Tuition Per Academic Credit (Non-Resident): $1,081.00
• • Annual Room and Board: $10,470.00
• • Annual Cost of Books: $800.00

CLASS PROFILE

• Students in newest entering class that are:

  • Female: 43 %
  • International: 8 %

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

  • Mean: 18
  • Median: 18

• Percentage of newest entering class:

  • Top 10% of high school class: 54 %
  • Top 25% of high school class: 80 %
  • GPA of 3.75 or higher: 37 %
  • GPA of 3.5 to 3.74: 24 %

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

  • Mean: 1231
  • Median: 1230

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

  • From: 1160
  • To: 1290

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

  • Mean: 27
  • Median: 27

• Middle 50% range of ACT scores:

  • From: 25
  • To: 28

• Citizenship breakdown for newest entering class:

  • US: 92 %
  • Canada: 0 %
  • Other Non-US Citizens: 8 %
  • Dual Citizenship: 0%
  • Unknown Citizenship: 0 %

• U.S. citizens in newest entering class:

  • African American: 4 %
  • Asian American: 6 %
  • Hispanic or Latino American: 7 %
  • Multiethnic/Multiracial: 0 %
  • Native American: 0 %
  • White (Non-Hispanic): 82 %
  • Chose not to report: 1 %
  • Other: 0 %

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

  • Northeast: 56 %
  • Mid-Atlantic: 41 %
  • South: 2 %
  • Southwest: 0 %
  • Midwest: 1 %
  • West: 0 %
  • Possessions and territories: 0 %

ADMISSIONS - Getting Into the Institution

• Standardized tests required of all applicants:

  • SAT or ACT
• • Interviews are: Not required

• Application deadlines:

  • Fall 2013 1/15/2013
  • Spring 2013 11/1/2012
• • Additional application requirements: International students:TOEFL or IELTS scores; Financial statement. Home Schooled students: two SAT Subject Tests as well as the SAT Reasoning Test; home-schooled section of the Common Application Transfer Students: Common Application Transfer section.
• • Total undergraduate applicants, all programs: 24,843
• • Percentage of applicants admitted: 55 %
• • Percentage of admitted applicants who enrolled: 28 %
• • International applicants: 5 %
• • Female applicants: 43 %

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Considered
  • Talent/ability: Important
  • Interview: Considered
  • Extracurricular activities: Important
  • Volunteer work: Considered
  • Character/personal abilities: Considered
  • Application essay: Very Important
  • Work experience: Considered
  • SAT/ACT scores: Very Important
  • Recommendations: Very 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: 4,934
  • Percentage of applicants admitted: 46 %
  • Percentage of admitted applicants who enrolled: 26 %
• • 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 required

• Freshman admission:

  • Does the business program admit freshmen?: Yes
  • Percentage of business program admits in most recent entering class who were freshman: 98 %
  • 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: International students TOEFL or IELTS scores; Financial Statement. Home schooled students: two SAT Subject Tests as well as the SAT Reasoning Test; home-schooled section of the Common Application.

• Internal transfers:

  • Minimum college GPA for internal transfers to the business program: 2.8
  • Additional application requirements, including course/grade requirements: A 2.8 grade point average with a minimum of 28 credits completed successfully at teh University of Delaware that includes Calculus and Micro and Macro Economics.

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Blue Hen Investment Club
  • Entrepreneurship Club
  • Blue Hen Marketing Club
  • Accounting Student Association
  • Mu Iota Sigma Management Information Systems
• • Are freshmen required to live on campus?: Yes
  • Are business students grouped together in 'learning communities' in housing and other facilities?: Yes

PROGRAM REQUIREMENTS

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

  • BS 121
  • BS 120
  • BA 120

• Other requirements for the undergraduate business degree

  • BS - FINC, MGT, MKT, OM - 121 credit hours. BS- ACCT, MIS, ECON, HRIM - 120 credit hours. BA - ECON- 120 credit hours. BS Int'l. Bus. Studies, 126 credit hours. BS Sport Mgmt.-122 credit hours.

ACADEMICS

• Average class size:

  • Required business classes: 33
  • Business electives: 34
  • Non-business electives: 45

• Percentage of business classes:

  • With 20 or fewer students: 26 %
  • With 21 to 50 students: 63 %
  • With more than 50 students: 11 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 46 %
  • Percentage of required business courses with waiting lists: 0 %

CURRICULUM

• Electives:

  • Available business electives: 33
• • Last curriculum overhaul: 2005
  • Total business faculty: 180
  • Percentage of the total faculty that is tenured or tenure track: 44 %

• Most prominent faculty:

  • Charles Elson
  • Farley Grubb
  • Stewart Shapiro

• Business program's leading areas of study:

  • • Accounting
    • Economics
    • Finance
    • Marketing
    • Hotel Administration
• • Special programs: Undergraduate research program, highly motivated undergrads serve on research teams & work with faculty. First Year Experience focused on Business required of all freshmen, providing a learning experience that develops social & educational skills for academic success. Honors Program allows business honors students to complete an Honors Degree option in all majors. Minors in Advertising, Econ, Entrep’l Studies, Int’l Bus & Mgmt Info. Systems, Economics majors can minor in Bus. Admin.
• • Work study: JPMChase innovation Center onsite for UD student employees. Required to take 3 credits of Discovery Learning, which can be satisfied by completing an internship for credit. Each department offers an internship course specifically designed to highlight & enhance the educational value of the work experience. Career Services Center supports students’ job searches, subscribes to national & int’l databases & maintains extensive online listing of local internship opportunities.
• • Study abroad programs: UD is a recognized leader in study abroad, with a top-10 ranking in the percentage of students it sends overseas. Business students have the opportunity to travel with faculty from all seven colleges to over 70 destinations on all seven continents including Antarctica. In addition, the College sponsors several of its own study abroad programs and works closely with the Center for International Studies on five-week semester programs designed specifically for our majors.
• • Volunteer opportunities: Center for Service Learning provides students with a resource for locating volunteer opportunities that enhance their academic program. The Center sponsors several Service Learning Scholars each year. ACCT 363 educates students about the Earned Income Tax Credit and sends them into the community to complete tax returns for low income individuals.

• Extra-curricular activities:

  • Accounting Student Assoc., Alpha Mu Alpha, Blue Hen Investment Club
  • Business Student Assoc, Entrepreneur Club, Omnicron Delta Epsilon
  • Women in Business, Mu Iota Sigma, Alpha Kappa Psi
  • Eta Sigma Delta, Hospitality Club, American Marketing Assoc.
  • Beta Gamma Sigma, Business Student Advisory Board, Delta Sigma Pi
  • Financial Management Assoc, Nat'l. Assoc. of Black Accountants, United Students for Fair Trade Org.
  • Blue Hen Marketing Club, Club Managers Assoc. of America
  • Professional Convention and Meeting Assoc.

FINANCIAL AID

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

• Scholarships

  • Scholarship money distributed to business students last year: $5,616,703.00
  • Expected scholarship distribution to business students this year: $6,513,429.00
  • Scholarships are awarded to business students based on: a combination of need and merit
  • Students receiving institutional scholarships in the current academic year: 34 %
  • Students receiving full-tuition institutional scholarships in the current academic year: 8 %
  • Institutional scholarship money distributed to undergraduate business students based on need: 50 %
  • Institutional scholarship money distributed to undergraduate business students based on merit: 50 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt, most recent graduating class: $19,200.00

CAREER SERVICES

• Employment Information

  • Percentage of most recent business graduates who supplied information regarding employment: 60 %
  • Percentage seeking full-time professional employment in business: 93 %
  • Percentage not seeking full-time professional employment in business: 7 %

• Received first job offer:

  • By graduation: 60 %
  • More than 3 months after graduation : 27 %
  • No job offer reported: 4 %

• Accepted first job offer:

  • By graduation : 60 %
  • More than 3 months after graduation: 27 %
  • No job acceptance reported: 4 %
• • Companies recruiting business students on campus: 120
  • Companies posting job offers for business students on school job boards: 465

• Top employers (number of students hired):

  • JPMorgan Chase 43
  • Ernst and Young 19
  • Macy's 15
  • PricewaterhouseCoopers 12
  • KPMG 8
  • ING Financial 8
  • Bank of America 7
  • Deloitte 7
  • Morgan Stanley 5
  • Citigroup 5
  • Bloomberg 5
  • Barclays 4
  • Blackrock 3
  • AstraZeneca 3
  • BNY Mellon 3

• Compensation

  • Mean base salary: $51,372.00
  • Median base salary : $55,000.00
  • Mean signing bonus: $4,850.00
  • Median signing bonus: $5,000.00

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

  • Consulting: 2 %
  • Finance/Accounting: 34 %
  • General Management: 18 %
  • Human Resources: 2 %
  • Management Information Systems: 10 %
  • Marketing/Sales: 23 %
  • Operations/Production: 10 %
  • Logistics/Transportation: 1 %

• Most recent graduates accepted jobs in the following industries:

  • Accounting: 20 %
  • Consumer Products/Retail : 15 %
  • Consulting: 2 %
  • Financial Services: 38 %
  • Government/Education: 2 %
  • Pharma/Biotech/Health: 5 %
  • Manufacturing: 3 %
  • Media/Entertainment: 5 %
  • Petroleum/Energy: 1 %
  • Real Estate: 2 %
  • Sports/Leisure: 2 %
  • Technology/Science: 2 %
  • Non-Profit: 1 %
  • Transportation: 1 %
  • Utilities: 1 %

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

  • US: 99 %

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

  • Northeast: 30 %
  • Mid-Atlantic: 63 %
  • Midwest: 1 %
  • South: 3 %
  • Southwest: 0 %
  • West: 2 %
• • Career services offered: Career fairs - we offer approx. 9 career fairs that provide business opportunities for business majors. Career Services website offers 24/7 access to handouts and webstreams (workshops). Students have access to to Major Resource Kits which outlines specific career resources and provides advice about career alternatives. Employer mock interviews and resume reviews.

INTERNSHIPS

• • Companies recruiting business students for internships on campus: 92
  • Companies posting internship offers for business students on school job boards: 440

• Internship pay

  • Internships that are paid: 80 %
  • Average internship length, in weeks: 12

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 23,996
  • Total living alumni of the undergraduate business program: 23,223
  • Percentage of living alumni who contributed to the business program or university in the last academic year: 11 %

• Alumni gifts

  • Mean Gift: $314.00
  • Median Gift: $75.00
  • 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

  • Kenneth Whitney Senior Managing Director, Blackstone Group
  • Lawrence Probst, III Chairman of Electronic Arts and Chair of the National Olympic Committee
  • Michael Geltzeiler Chief Financial Officer of NYSE Euronext

• • -I feel that the University of Delaware's business school program is unique in the sense that we have a lot of good connections with large firms, however, I feel this is a little of a disadvantage. It’s great that there are large companies but to them I feel we are just a number. Smaller companies would make each person feel like they are more valuable than a large firm. Even at UD, half of the time I feel like I am merely a number in a sea of other students.
    
    -Although some professors and the career center will be generous with their time to help develop your job searching skills (resume writing, interview tips, etc.) it would be nice to see a mandatory class for all business students to take to refine these skills. I was lucky enough to have a great mentor in one of my professors to help me with this, but many of my classmates have a much tougher time when it comes to finding a job.
    
    -The Exelon Trading lab and the Center for Corporate Governance make the business program unique. Also, the quality of the teaching staff for the most part makes UD a great place to learn.
    
    -I feel that the recruiting aspect of the business program at UD is lacking in diversity. Firms generally come from the same geographic locations, and are focused more so on accounting and finance than marketing. Advertising firms in the recruiting mix are nonexistent.
    
    -Our business program is very strict about the professors it allows to teach us. he majority of our professors are or have been successful in their own business ventures, which allows them to relate to real-life experiences in class. In the Sport management program specifically, our professors include a former UD Athletic Director and a USOC and FIBA member, as well as the director of the international business program at UD.
    
    -I would have liked to be able to have a little more flexibility with choosing my courses. I've always had exactly what I need to take laid out in front of me, and sometimes I wish I could have had a little more of an option.
    
    -The amount of students that are offered jobs before Thanksgiving is incredible so we are well prepared candidates that makes employers want to hire us. The school really did a great job at making us well-rounded and prepared candidates.
    
    -I would have loved the option to do a co-op. Our program doesn't have a great co-op friendly structure, and doing a co-op for a semester at UD would hold you back in your studies.
    
    -The quality and engagement of professors in the UD business program make it unique. My economics professors have been very intelligent and adept at communicating the material to students. Moreover, many have taken a particular interest in myself and other fellow students both inside and outside the classroom.
    
    -Changing the curriculum to include more structured course choices in a specific career path could help to better prepare students for their careers after graduation.
    
    -One of the programs University of Delaware has that makes it unique is the Executive Mentors Scholars program in which a student is matched up with an executive in the field of business that they are interested in. I am a participant in the program and love being able to meet with a senior marketing executive about once a month to ask questions and get insights into the field I hope to work in.
    
    -The marketing program is fairly weak. The business program should focus more on how to actually market something successfully and provide opportunities for online techniques rather than just lecturing on outdated statistics and theories.
    
    -I think that being a blue hen business major gives me a unique way to go about reaching many different kinds of employers. A lot of businesses are recruiting at UD because we have a feeling of an up-and-coming top recruiting school, which is nice.
    
    -It would be nice if there were more flexibility in the required courses so that I could chose more electives that fit my interests and desired career path.
    
    -The business program at my school is unique because of the close relationships the students build with each other and with professors. As you get closer to graduation, classes get smaller and there is a nice environment in the classrooms due to this fact. You are never just a number.