UNDERGRADUATE Profiles Publish Date 2/26/09

Drexel University

LeBow College of Business

Getting In

PROGRAM BASICS

Drexel University - LeBow College of Business

3141 Chestnut Street
Matheson Hall Room 106
Philadelphia , Pennsylvania 19104

Private Institution

Web site

http://www.lebow.drexel.edu/Prospects/Undergraduate/index.php

Program e-mail address:

enroll@drexel.edu

AACSB accredited:

Yes

Year in which the undergraduate business program was founded:

1920

Length of entire institution:

Four Year

Business program length:

Four Year

Degrees offered:

Degree/Program Name:
BS Business Administration
BS Business and Engineering
BS Economics

PROGRAM COSTS

Annual Tuition (Resident):

$ 28,500

Annual Tuition (Non-Resident)

$ 28,500

Cost per academic credit (resident)

$ 810

Cost per academic credit (non-resident)

$ 810

Required fees

$ 2,035

Books:

$ 1,750

Room and board:

$ 12,680

ENROLLMENT

Full-time undergraduate business student enrollment:

2,619

Part-time undergraduate business student enrollment:

Distance undergraduate business student enrollment:

Total College enrollment for 2008-09:

21,146

ADMISSIONS

Minimum SAT score for entire college on 1600 scale:

1050

Minimum ACT score for entire college:

Minimum high school GPA for entire college:

3.0

Interviews for entire college:

Recommended

Additional application requirements for entire college:

Accelerated degree applicants (BS/MBA, BS/JD, BS/PhD, MS/MD) must complete a supplemental application. Non-native English speakers are required to take the TOEFL exam. Transfer students must furnish transcripts.

Upcoming application deadlines for entire college:

Semester: Fall 2009
Deadline: March 1, 2009
Semester: Winter 2010
Deadline: November 15, 2009
Semester: Spring 2010
Deadline: February 15, 2010

Freshmen admitted into business program:

Yes

Percentage of business students admitted as freshmen:

82 %

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:

Other

Minimum requirements for business program:

Minimum SAT score: 1050
Minimum ACT score: 20
Minimum high school GPA : 3.0

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

Interview to enter business program:

Recommended

Additional application requirements for freshman admits:

The minimum high school matehematics requirement is Trigonometry for the BS Business Administration and BS Economics programs; Precalculus for the BS Business and Engineering Program.

Minimum college GPA for internal business program transfers:

2.0

Additional requirements for internal transfers:

For internal transfers, any application reqirements, including course / grade requirements.

Total number of full-time applications for entire college:

23,547

International applicants, entire college, 2008-09:

9 %

Female applicants, entire college, 2008-09:

52 %

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

54 %

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:

Important

Interview:

Important

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 program managed by:

The university admissions office

Total undergraduate business program applicants, 2008-09:

4,099

Applicants enrolled in undergrad business program 2008-2009:

20 %

Applicants admitted to undergraduate business program, 2008-09:

55 %

CLASS PROFILE

Class Profile:

Female: 37 %
International : 17 %

Entering students by age:

Mean: 18
Median: 18

Citizenship of Entering Students

U.S.: 83 %
Canada: 0 %
Other countries: 17 %
Unknown: 0 %

Percentage of US citizens in entering class who are:

African American: 6 %
Asian American: 16 %
Hispanic or Latino American: 6 %
Multiethnic/Multiracial : 0 %
Native American: 0 %
White (Non-Hispanic): 62 %
Chose not to report: 9 %
Other: 0 %

Entering students from the following region:

Northeast: 44 %
Mid-Atlantic: 50 %
South: 1 %
Southwest: 1 %
Midwest : 0 %
West: 3 %
Possessions and territories: 0 %

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

Mean: 1162
Median: 1150

SAT middle 50% range on 1600 scale:

From: 1,080
To: 1,230

ACT Scores for full-time entering business students:

Mean: 25
Median: 25

ACT middle 50% range:

From: 22
To: 27

Percent of Students Who Were In:

Top 10% of high school class

22 %

Top 25% of high school class:

55 %

HS GPA of 3.75 or higher

28 %

HS GPA of 3.5 to 3.74:

20 %

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:

$ 22,789,398

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

$ 25,603,624

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:

Scholarship awarded at the time of admission are exlcusively merit-based. Endowed scholarships awarded to current students are typically based on a combination of merit and need.

Students receiving institutional scholarships for 2008-09 academic year:

79 %

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

0 %

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

30 %

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

70 %

School offers guaranteed loans:

Financial aid web site

http://www.drexel.edu/financialaid/

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

65 %

Business students who graduate within 6 years:

67 %

Freshman retention rate:

86 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BS 1
Hours: 180
Degree: BS 2
Hours: 185
Degree: BS 3
Hours: 187

Other degree requirements:

My LIFEfolio (LeBow Integrated Focused Experience), a web-based portfolio all business students must maintain throughout their program of study. Four mandatory electronic portfolios that comprise My LIFEfolio - business concentration, career, writing, and quantitative reasoning - allow students to store information, reflect on prior learning, and understand how that knowledge has impacted beliefs, attitudes, and personal development.

ACADEMICS

Average class size in required business courses:

Average class size in business electives:

Average class size in non-business electives required for admission to business program:

N/A

Class size:

Classes with fewer than 20 students: 17 %
Classes with 21 to 50 students: 69 %
Classes with more than 50 students: 14 %

CURRICULUM

Number of elective courses available in business program:

129

Electives added current year:

International Accounting
Public Finance
Portfolio Strategy - Bull Market
International Trade
Global Marketing and Brand Management

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

2006

Leading areas of study:

Accounting

Entrepreneurship

Finance

International Business

Marketing

Special programs for business students:

Cooperative Education - students can take up to three six month coop work experiences as part of their program. Creating Excellent Organizations (CEO Program) - Workshop Series to enhance personal and professional leadership; certification included. Basic Training for Business - workshop series on enhancing soft skills in the work place; dress, grooming, business etiquette. LeBow offers a one-week international residency in Chile.

Business program offers work study or co-op opportunities:

Yes

Drexel University is one of the top co-op schools in the nation with over 1500 employer partners. Nearly 1000 students participated in paid work experience last year alone for six months in duration. for more information go to: http://www.lebow.drexel.edu/CareerServices/Undergraduate/CoopEmployers.php

Business program offers study abroad opportunities:

Yes

Study abroad program description:

Drexel has both traditional study abroad pas well as internaional co-op experiences. The study abroad program has partnerships with schools in many countries/regions including: Australia, Austria, Belgium, China, Costa Rica, Crete, Czech Republic, Denmark, Finland, France, Germany, Hong Kong, Hungary, Iceland, Japan, Mexico, Netherlands, Russia, South Korea, Spain, Turkey, and the United Kingldom. LeBow College also offers a one-week international residency in Chile.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

All freshman are required to complete a minimum of 5 hours community service. All chapters of Greek Life (fraternities and soroities) participate and collectively completed 75,000 hours of community service last year.

Business clubs and extracurricular activities:

Alpha Kappa Psi
Beta Gamma Sigma
Business & Engineering Society
Dean's Student Advisory Board
Drexel Entrepreneurship Association
Drexel Finance Association
Drexel Marketing Association
Phi Beta Lambda

FACULTY

Faculty:

Full-time faculty : 110
Adjuncts and visiting faculty: NA
Permanent/tenured professors: 51
Percentage of permanent/tenured professors who are women: 33
Percentage of permanent/tenured professors who are underrepresented minorities: 30
Percentage of permanent/tenured professors who are also members of company boards of directors or of advisors: NA
Percentage of permanent/tenured professors who are business owners: NA

Prominent faculty:

Ralph Walkling
Jeffrey Greenhaus
David Gefen

STUDENT LIFE

Largest on-campus organizations for business students:

Beta Alpha Psi
Drexel Marketing Association
Drexel Investment Group
Drexel Finance Association
Drexel Entrepreneurship Association

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:

In the last three years the LeBow College of Business has spent over $3m in technology updates for the use of business students. Some of the updates include: 1. Apreso Classroom Recording System 2. DragonDrop is a rich media publishing system for faculty and staff that enables users to transcode video, audio, and even textual content into Web-friendly formats, then publish them on the Web via podcast-ready RSS feeds and simple Web pages. 3. Improved Classroom mirroring system for Sacramento campus. 4. installation of the new DragonFly3 network system - fast and reliable. 5. SNAP survey system 6. Impatica made available to all Drexel students via IRT’s Computer Marketplace. 7. Matheson Hall technology updates including two additional laptop rooms. 8. Portable laptop classroom equipment. 9. Upgrade to Laptop loaner program. 10. Finance Trading Lab 11. Pearlstein lobby student information monitors.

Trading laboratory available:

Yes

COMMENTS

LeBow College of Business is your key to the business community and your ticket to success. Our program is built on "Three C's" - Choice - in programs and concentrations; Co-op - practical experience totaling up to 18 months; Continuity - we provide the tools to connect the dots.

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

23,500

Total living alumni:

18,093

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

13 %

Mean alumni gift 2007-08:

$ 784

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

Prominent alumni:

Name: Raj Gupta
Title: Chairman and CO - Rohm & Haas
Name: Clare Hart
Title: Executive VP of Dow Jones & Company
Name: Michael J. Barrist
Title: President and CEO - NCO Group

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

99 %

Seeking full-time employment in business: 86 %
Not Seeking full-time employment in business: 14 %

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

115

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

525

Other activities and services provided for business majors:

Undergraduate Career Services presents workshops and facilitates special employer events to empower students to best market their academic accomplishments, relevant work experiences, skills and abilities to prospective employers. UGCS also utilitzes technology such as EmployOn, InterviewStream and LIFEfolio (a web-based portfolio) to enable students to conduct an effective job search and increase full time landings after graduation.

Job offer results, 2008 graduates:

Received first job offer by graduation: 51 %
Received first job offer in three months following graduation: 11 %
Received first job offer more than 3 months after graduation: 2 %
Did not report having received a job offer: 36 %
Accepted first job offer by graduation: 51 %
Accepted first job offer in three months following graduation: 11 %
Accepted first job offer more than 3 months after graduation: 3 %
Did not report having accepted a job offer: 35 %

Top hiring firms:

KPMG LLP
JPMorgan Chase & Co.
Deloitte Touche Tomatsu
PricewaterhouseCoopers
Cigna
Goldman Sachs Group
International Bus. Machines

BlackRock
Comcast Corporation
Digitas Health
Susquehanna International Group
Computer Sciences Corporation
Group One Trading
Accenture

Graduate compensation:

Mean base salary: $ 49,496
Median base salary: $ 50,000
Mean signing bonus: $ 5,051
Median signing bonus: $ 5,000
Mean other guaranteed compensation: $ 0
Median other guaranteed compensation: $ 0

Grads accepted jobs in following functional areas:

Consulting: 5 %
Finance/Accounting: 52 %
General Management: 6 %
Human Resources: 3 %
Management Information Systems: 5 %
Marketing/Sales: 17 %
Operations/Production: 5 %
Logistics/Transportation: 1 %
Other: 6 %

Grads accepted jobs in following industries:

Accounting: 17 %
Consumer Products/Retail: 6 %
Consulting Services: 2 %
Financial Services: 30 %
Government/Education: 6 %
Pharma/Biotech/Health: 1 %
Manufacturing: 9 %
Media/Entertainment: 6 %
Petroleum/Energy: 0 %
Real Estate: 0 %
Sports/Leisure: 1 %
Technology/Science: 6 %
Non-Profit: 2 %
Transportation: 1 %
Utilities: 0 %
Other: 13 %

Percentage of job acceptances, US and Canada:

US: 100 %
Canada: 0 %

Grads accepted jobs in the following US regions:

Northeast: 19 %
Mid-Atlantic: 78 %
Midwest: 1 %
South: 1 %
Southwest: 0 %
West: 1 %
US Possessions/Territories: 0 %

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

740

Internship postings on job boards, previous academic year:

684

Top internship recruiters, 2007-08:

Johnson & Johnson
Cigna
Deloitte Touche Tomatsu
PricewaterhouseCoopers

BlackRock
Susquehanna International Group
Comcast Corporation
GlaxoSmithKline
ACE USA
SAP
Philadelphia School District
ARAMARK
Delaware Investments
Lockheed Martin
PECO

Percentage of internships that were paid, previous academic year

94 %

Mean internship compensation per week:

$ 577

Median internship compensation per week:

$ 570

Average internship, in weeks:

Graduate Comments

The co-op program and the flexibility of my classes have been amazing. I was able work and study on 3 different continents. Most of my friends at other schools had a much more rigid curriculum that deterred them from going abroad. Also with the terrible job market, the experience the co-op program gave me really sets me apart.

Ten week terms are a little overwhelming. Drexel students are expected to learn the same amount within 10 weeks that other schools expect out of 15 week terms. Even with over 3 years in the workplace, Drexel students are not necessarily given an advantage with employers, because they compete with other Drexel students with the same experience.

Drexel University administration (Financial Aid, Bursars Office, Registration and other admin) have no clue whatsoever how to treat students. They are very rude and seldom helpful. They never know which dept. is supposed to handle what and bounce students like yo yo's without addressing our issues.

International students, like me, won't be able to experience working in US corporations without the co-op program. In addition, the salary we receive helps us with payment for tuition, since international students cannot receive financial aid, loans or grants.

The program is good and I feel I will have an advantage in the work place. I think the curriculum could be reviewed to make it stronger and add more classes about the future of business.

I would love to stress the strength of the financial education program at Drexel. Organizations and coursework are providing students with ample opportunities to understand valuation and fundamental analysis. Further, I believe the school is making strides in facilities, professorship, and curriculum.

During my stay at Drexel, my tuition doubled, I wasn't able to find a co-op. I had a lot of billing problems. I experienced a lot of advising errors. The course materials are good, but all of the other red tape gets in the way of learning. Also the quick pace of Drexel�s ten week term gets in the way of learning.

All of the core business classes are useless. They are all structured the same way with lecture, two tests, and a group project. The group project is rarely involved enough to actually require group participation. It is a superficial teamwork exercise that rarely actually teaches team building skills. The classes themselves are not in depth enough.

I have had an amazing time here. Never have I been in an environment where it is so easy to learn so much and develop into a stronger leader. They have so many resources that allow us to expand our learning and make us well-rounded. It is an excellent college that cares about its students, and it shows.

The co-op program has made us extremely well prepared for entering the real business world. We have had ample opportunities to work with counselors on campus, develop our resumes and practice our interviewing techniques. On top of that we have had the opportunity to work around the world in a variety of different fields.

My program combines a business degree with math, science, and engineering. Very few universities have a comparable program. This major allows you to work in a number of industries doing a wide variety of tasks.

The co-op program is clearly the greatest thing at Lebow. As a sophomore, I worked for 6 months full time on Wall St. and it basically set me on the path I currently am on. I followed the same path in my 2nd and 3rd coops and landed a full-time job offer before senior year even started.

The co-op program is essential to the business program. Students are required to gain experience prior to graduation. Most schools have career resources available to graduating seniors, alumni, and driven students, while Drexel actually demands that all co-op students utilize the resources.

The thing that has impressed me the most is the tireless effort of the career services department to bring employers and firms on campus to network, recruit, and speak about their companies.

The co-op experience offered at Drexel makes the business program different than any other in the country. Students have the opportunity to gain practical real world experiences while attending classes. Participating in the co-op program has not only allowed me to discover the areas in which I excel, but has also landed me gainful employment!