Program Basics

• • Elon University
  • Martha & Spencer Love School of Business
  • Martha and Spencer Love School of Business
  • 2075 Campus Box
  • Elon, North Carolina
  • 27244
  • United States
  • Program Web site: http://www.elon.edu/e-web/academics/business/
  • Program e-mail address: admissions@elon.edu
  • Program phone number: 336 278-6000
  • Status: Private
• • AACSB accredited: Yes

• Accreditation other than AACSB:

  • Southern Association of Colleges and Schools
• • Year in which the undergraduate business program was founded: 1926
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Total undergraduate: 5,225
  • Full-time undergraduate business: 1,072
  • Part-time undergraduate business: 11
• • College or university freshman retention rate: 90 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 78 %
  • Within six years of admission to the university: 82 %

• Undergraduate Business Degrees Offered:

  • BS in Accounting
  • BA in Economics and International Economics
  • BSBA in Entrepreneurship
  • BSBA in Finance
  • BSBA in Marketing
  • BSBA in Management
  • BSBA in International Business

PROGRAM COSTS

• • Annual Tuition (Resident): $27,534.00
• • Annual Tuition (Non-Resident): $27,534.00
• • Annual Required Fees: $347.00
• • Tuition Per Academic Credit (Resident): $864.00
• • Tuition Per Academic Credit (Non-Resident): $864.00
• • Annual Room and Board: $9,090.00
• • Annual Cost of Books: $900.00

CLASS PROFILE

• Students in newest entering class that are:

  • Female: 34 %
  • International: 4 %

• 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: 28 %
  • Top 25% of high school class: 65 %
  • GPA of 3.75 or higher: 52 %
  • GPA of 3.5 to 3.74: 12 %

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

  • Mean: 1221
  • Median: 1230

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

  • From: 1140
  • To: 1290

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

  • Mean: 26
  • Median: 26

• Middle 50% range of ACT scores:

  • From: 24
  • To: 28

• Citizenship breakdown for newest entering class:

  • US: 92 %
  • Other Non-US Citizens: 4 %
  • Dual Citizenship: 4%

• U.S. citizens in newest entering class:

  • African American: 5 %
  • Asian American: 3 %
  • Hispanic or Latino American: 5 %
  • Multiethnic/Multiracial: 1 %
  • Native American: 1 %
  • White (Non-Hispanic): 85 %

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

  • Northeast: 46 %
  • Mid-Atlantic: 23 %
  • South: 23 %
  • Southwest: 1 %
  • Midwest: 6 %
  • West: 1 %

ADMISSIONS - Getting Into the Institution

• Standardized tests required of all applicants:

  • SAT or ACT
• • Interviews are: Not required

• Application deadlines:

  • Fall 2013 1/10/2012
• • Total undergraduate applicants, all programs: 9,449
• • Percentage of applicants admitted: 58 %
• • Percentage of admitted applicants who enrolled: 27 %
• • International applicants: 6 %
• • Female applicants: 34 %

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Considered
  • Talent/ability: Important
  • Interview: Not Considered
  • Extracurricular activities: Important
  • Volunteer work: Important
  • Character/personal abilities: Important
  • Application essay: Important
  • Work experience: Important
  • 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: 1,890
  • Percentage of applicants admitted: 54 %
  • 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 required

• Freshman admission:

  • Does the business program admit freshmen?: Yes
  • Percentage of business program admits in most recent entering class who were freshman: 22 %
  • 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

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Alpha Kappa Psi the professional business fraternity
  • Beta Alpha Psi the honors society for majors in Accounting, Finance, and Information Systems
  • Beta Gamma Sigma the honors society for majors in Accounting and Business Administration
  • Pi Sigma Epsilon the professional fraternity for students in Marketing and Sales
  • Financial Management Association International
• • 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:

  • BA 132
  • BS 132
  • BSBA 132

• Other requirements for the undergraduate business degree

  • Accounting and BSBA majors complete a core of 13 courses and an internship. Economics majors complete a senior thesis. All students are required to complete one: Internship, Study Abroad, Undergraduate Research, Leadership, or Service.

ACADEMICS

• Average class size:

  • Required business classes: 26
  • Business electives: 18

• Percentage of business classes:

  • With 20 or fewer students: 41 %
  • With 21 to 50 students: 59 %
  • With more than 50 students: 0 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 90 %
  • Percentage of required business courses with waiting lists: 7 %

CURRICULUM

• Electives:

  • Available business electives: 33
• • Last curriculum overhaul: 2010
  • Total business faculty: 75
  • Percentage of the total faculty that is tenured or tenure track: 50 %

• Most prominent faculty:

  • Robert Moorman
  • Earl Honeycutt
  • Jayoti Das

• Business program's leading areas of study:

  • • Accounting
    • Economics
    • Finance
    • Marketing
    • General Management
• • Special programs: Special Programs include the Business Fellows program (a four year program that admits 25 high-potential students in their freshmen year); and the Elon Honors Fellows program, open to students of all majors, including business.
• • Work study: Internship, co-op, and work study opportunities are arranged through the office of Internship Coordinator for the LSB. Students have co-oped and interned at companies such as IBM, Credit Suisse, Ernst & Young, Kingsdown, and many others.
• • Study abroad programs: Elon has study abroad partnerships with nearly 75 universities on six continents. Business students have access to all of these programs and have studied at the Sorbonne; Perugia, Italy; DIS in Copenhagen; London; the Beijing Center; and many more.
• • Volunteer opportunities: Elon provides all majors numerous opportunities for community service. A number of service learning business classes involve students in service projects. Elon has done service for Katrina Survivors, in Africa, Habitat for Humanity, and many more.

• Extra-curricular activities:

  • Students in Free Enterprise (SIFE)
  • Student Entrepreneurial Enterprise Development (SEED)
  • Society for Human Resource Management (SHRM)
  • Economics Club
  • Elon Microfinance Initiative
  • Financial Management Association International
  • Student Government Association

FINANCIAL AID

• • Who manages financial aid for the business program?: Central financial aid office at the university
  • Financial aid web site: http://www.elon.edu/e-web/admissions/FinancialAid/

• Scholarships

  • Scholarship money distributed to business students last year: $1,634,337.00
  • Expected scholarship distribution to business students this year: $1,705,310.00
  • Scholarships are awarded to business students based on: a combination of need and merit
  • Students receiving institutional scholarships in the current academic year: 29 %
  • Students receiving full-tuition institutional scholarships in the current academic year: 0 %
  • Institutional scholarship money distributed to undergraduate business students based on need: 13 %
  • Institutional scholarship money distributed to undergraduate business students based on merit: 87 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt, most recent graduating class: $28,589.00

CAREER SERVICES

• Employment Information

  • Percentage of most recent business graduates who supplied information regarding employment: 77 %
  • Percentage seeking full-time professional employment in business: 87 %
  • Percentage not seeking full-time professional employment in business: 13 %

• Received first job offer:

  • By graduation: 52 %
  • After graduation, but within 3 months: 8 %
  • No job offer reported: 40 %

• Accepted first job offer:

  • By graduation : 52 %
  • After graduation, but within 3 months: 8 %
  • No job acceptance reported: 40 %
• • Companies recruiting business students on campus: 63
  • Companies posting job offers for business students on school job boards: 195

• Top employers (number of students hired):

  • Credit Suisse 5
  • Cambridge Associates, LLC 4
  • PricewaterhouseCoopers 3
  • McGladrey 3
  • ADP 3
  • Deloitte and Touche 2
  • Ernst & Young 2
  • SAP 2
  • Boeing 1
  • E&J Gallo 1
  • EMC 1
  • Hewlett-Packard Corporation 1
  • IBM Corporation 1
  • J.P. Morgan 1
  • Wells Fargo 1

• Compensation

  • Mean base salary: $46,272.00
  • Median base salary : $48,000.00
  • Mean signing bonus: $5,079.00
  • Median signing bonus: $5,000.00

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

  • Consulting: 2 %
  • Finance/Accounting: 48 %
  • General Management: 15 %
  • Human Resources: 2 %
  • Management Information Systems: 2 %
  • Marketing/Sales: 28 %
  • Operations/Production: 3 %
  • Logistics/Transportation: 0 %
  • Other: 0 %

• Most recent graduates accepted jobs in the following industries:

  • Accounting: 19 %
  • Consumer Products/Retail : 10 %
  • Consulting: 13 %
  • Financial Services: 18 %
  • Government/Education: 3 %
  • Pharma/Biotech/Health: 0 %
  • Manufacturing: 0 %
  • Media/Entertainment: 12 %
  • Petroleum/Energy: 0 %
  • Real Estate: 0 %
  • Sports/Leisure: 0 %
  • Technology/Science: 10 %
  • Non-Profit: 2 %
  • Transportation: 0 %
  • Utilities: 0 %
  • Other: 13 %

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

  • US: 100 %
  • Canada: 0 %

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

  • Northeast: 18 %
  • Mid-Atlantic: 19 %
  • Midwest: 9 %
  • South: 46 %
  • Southwest: 5 %
  • West: 3 %
  • Possessions and territories: 0 %
• • Career services offered: Elon’s Love School of Business (LSB) career services is housed in the Porter Family Professional Development Center within the LSB. The Center’s 3 professional staff members provides permanent, on-site specialty career and employment services to all LSB students and alumni. This operation provides leading-edge services and resources to prepare Elon graduates to compete and succeed at the highest levels. Currently, 95% of LSB majors complete an internship prior to graduation.

INTERNSHIPS

• • Companies recruiting business students for internships on campus: 29
  • Companies posting internship offers for business students on school job boards: 205

• Top internship employers (number of students hired):

  • UBS Financial 20
  • Merrill Lynch / Bank of America 11
  • Gleneagles Group 8
  • Credit Suisse 6
  • AXA Advisors 6
  • IBM 5
  • Glen Raven 4
  • Dittmar Group 4
  • EMC 4
  • NBC Universal 4
  • Stout, Stuart, McGowen & King 4
  • KPMG 3
  • Charlotte Bobcats 3
  • Provident Bank 3
  • Willis Re, Inc. 3

• Internship pay

  • Internships that are paid: 64 %
  • Mean compensation, per week, for paid internships only: $493.00
  • Median compensation, per week, for paid internships only: $450.00
  • Average internship length, in weeks: 10

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 7,725
  • Total living alumni of the undergraduate business program: 7,467
  • Percentage of living alumni who contributed to the business program or university in the last academic year: 18 %

• Alumni gifts

  • Mean Gift: $144.00
  • Median Gift: $70.00
  • 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

  • Kerri Brown Anderson former CEO, Wendy's
  • Steve Schuckenbrock President, Large Enterprise for Dell
  • Tom Amick CEO, Discovery Laboratories, Inc.

• • -The small classes and close relationships formed with professors make Elon's business program extremely unique. Professors and advisors are extremely welcoming and show a genuine interest in students' progress and development.
    
    -The only part of the business program which needs to be improved is career services. The failure of the career services department to effectively help students find internships and permanent jobs is by far the biggest issue facing the business school. If Elon can solve this issue it will become one of the top business schools in the country.
    
    -All of the business students know one another and we learn with and from each other. We all study in the business center, so therefore there is a great sense of community as you look around and see familiar faces of people that have been in your class.
    
    -The career services and job placement department is only average whereas essentially every other aspect of the business school is outstanding. Upper level management has identified this weakness and is working hard to address the issue. I have full confidence it will improve.
    
    -Every aspect of our business school is focused on our transition from students to professional. Nothing the school does strays from that focus.
    
    -The business program could develop a stronger network of potential employers. The program also needs to work to increase its brand awareness. It was very difficult coming from a small school to develop the connections necessary to get my foot in the door at the top firms.
    
    -The size is perfect; students have to try to get lost in the system whereas in other institutions this isn't the case. The faculty cares and does their best to help in all situations.
    
    -I feel strongly that recent industry experience is the best background for a professor to have. From this, I feel that the business school could increase the overall academic quality of the program by hiring professors with more recent experience.
    
    -Professors are very engaged, interested, and supportive of students in general. Also, I can personally say that the faculty members in finance and economics are striving hard to improve the quality and recognition of the school's programs.
    
    -Improve the career services center. They do well with basic thing such as resume building and interview advice, but they do a poor job of finding specific internships and jobs for individual students. The companies they have connections with are limited in diversity (they are mainly accounting and finance).
    
    -The student-professor relationships you form over the 4 years you're at Elon. I am a member of Elon's Business Fellows program which is a group of 25 selected, high-potential business students who participate in a four-year program focused on the development of leadership skills and business acumen. The program in its entirety is a unique aspect to our business school. I believe the small class sizes enable us to form better relationships, not only with our professors, but with other students as well. Also, the relatively large amount of presentations and team assignments prepares us well for work life after school.
    
    -The program needs to be relevant and offer courses that relate to today's evolving technology and societal changes. For example, a course on internet/social media would have benefitted marketing students. Also, I would have liked a stronger academic advisor to inform me of the services Elon offers such as becoming Bloomberg certified and applying to the business fraternities or other programs.
    
    -The entire university stresses study abroad and experiential learning, a significant amount of competitive edge comes from experience and not the classroom.