UNDERGRADUATE Profiles Publish Date 2/26/09

Hofstra University

Frank G. Zarb School of Business

Getting In

PROGRAM BASICS

Frank G. Zarb School of Business

134 Hofstra University
Weller Hall
Hempstead , New York 11549

Private Institution

Web site

http://www.hofstra.edu/business

Program e-mail address:

admission@hofstra.edu

Program telephone number:

1-800-463-7872

AACSB accredited:

Yes

Accreditation other than AACSB:

Special Accreditation from AACSB in Accounting

Year in which the undergraduate business program was founded:

1968

Length of entire institution:

Four Year

Business program length:

Four Year

Degrees offered:

Degree/Program Name:
B.B.A / Bachelor's of Business Administration

PROGRAM COSTS

Annual Tuition (Resident):

$ 27,600

Annual Tuition (Non-Resident)

$ 27,600

Cost per academic credit (resident)

$ 845

Cost per academic credit (non-resident)

$ 845

Required fees

$ 1,030

Books:

$ 1,000

Room and board:

$ 10,825

ENROLLMENT

Full-time undergraduate business student enrollment:

1,990

Part-time undergraduate business student enrollment:

241

Distance undergraduate business student enrollment:

Total College enrollment for 2008-09:

12,333

ADMISSIONS

Minimum SAT score for entire college on 1600 scale:

Minimum ACT score for entire college:

Minimum high school GPA for entire college:

Interviews for entire college:

By invitation only

Additional application requirements for entire college:

International applicants: TOEFL is required. Students with fewer than 24 credits earned should submit high school transcript and standardized test scores. Students may apply to the Program for Academic Learning Skills (PALS). Application includes copy of psychological testing, WAISR or WISC. In addition Achievement test, full psycho-educational report with diagnostic statement, letter from guidance councelor re. current special education placement, and WAIS III must also be provided. Testing documentation must be dated within 24 months of application.

Upcoming application deadlines for entire college:

Semester: Rolling Admission
Semester: Early Action I
Deadline: November 15
Semester: Early Action II
Deadline: December 15

Freshmen admitted into business program:

Yes

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

Minimum requirements for business program:

Minimum SAT score: NA
Minimum ACT score: NA
Minimum high school GPA : NA

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

Interview to enter business program:

Not required

Additional application requirements for freshman admits:

Minimum college GPA for internal business program transfers:

Additional requirements for internal transfers:

Total number of full-time applications for entire college:

20,071

International applicants, entire college, 2008-09:

2 %

Female applicants, entire college, 2008-09:

57 %

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

53 %

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

16 %

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:

Very Important

Work Experience:

Considered

SAT/ACT Scores:

Very Important

Recommendations:

Very Important

High School GPA:

Very Important

Admissions program managed by:

The university admissions office

CLASS PROFILE

Class Profile:

Female: 31 %
International : 4 %

Entering students by age:

Mean: 18
Median: 18

Citizenship of Entering Students

U.S.: 96 %
Canada: 0 %
Other countries: 4 %
Unknown: 0 %

Percentage of US citizens in entering class who are:

African American: 5 %
Asian American: 9 %
Hispanic or Latino American: 9 %
Multiethnic/Multiracial : <1 %
Native American: <1 %
White (Non-Hispanic): 72 %
Chose not to report: 4 %
Other: 0 %

Entering students from the following region:

Northeast: 84 %
Mid-Atlantic: 9 %
South: 2 %
Southwest: 2 %
Midwest : <1 %
West: 3 %
Possessions and territories: 0 %

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

Mean: 1169
Median: 1170

SAT middle 50% range on 1600 scale:

From: 1,100
To: 1,230

ACT Scores for full-time entering business students:

Mean: 25
Median: 25

ACT middle 50% range:

From: 23
To: 27

Percent of Students Who Were In:

Top 10% of high school class

24 %

Top 25% of high school class:

51 %

HS GPA of 3.75 or higher

22 %

HS GPA of 3.5 to 3.74:

17 %

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:

$ 11,112,895

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

$ 11,766,651

Scholarships awarded to students in the business program based on:

A combination of need and merit

Scholarship consideration process:

All candidates are considered for scholarships

Other scholarship considerations:

http://www.hofstra.edu/scholarships

Students receiving institutional scholarships for 2008-09 academic year:

48 %

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:

52 %

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

48 %

School offers guaranteed loans:

Financial aid web site

http://www.hofstra.edu/financialaid

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

41 %

Business students who graduate within 6 years:

55 %

Freshman retention rate:

80 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: B.B.A
Hours: 128
Degree: BBAMS
Hours: 152

Other degree requirements:

58 Liberal Arts credits; 6 General Education credits; 34 Business Core credits; 18-27 Major Requirement credits; Free Elective credits to meet degree requirements

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:

Class size:

Classes with fewer than 20 students: 17 %
Classes with 21 to 50 students: 59 %
Classes with more than 50 students: 25 %

CURRICULUM

Number of elective courses available in business program:

Electives added current year:

Project Management

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

2003

Leading areas of study:

Accounting

Finance

General Management

International Business

Marketing

Special programs for business students:

Bloomberg Certification

Business program offers work study or co-op opportunities:

Yes

Internships

Business program offers study abroad opportunities:

Yes

Study abroad program description:

Hofstra in Ireland; Zarb School in China (Beijing); Exchange Program with University of Amsterdam

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

Circle K (general assistance to disadvantaged); VITA (community tax assistance); Undergraduate Peer Tutoring Program

Business clubs and extracurricular activities:

Accounting Society; Advertising Club
Beta Alpha Psi Honor Society; Collegiate Entrepreneurs
Beta Gamma Sigma Honor Society; Hofstra Tax Society
Institute of Legal Studies; Financial Management Association
Future Business Leaders of America; Alpha Kappa Psi
Hofstra American Marketing Association;Information Systems Association
Institue of Management Accountants; International Business Association
National Association of Black Accountants; Society for Advancement of Management

FACULTY

Faculty:

Full-time faculty : 70
Adjuncts and visiting faculty: 37
Permanent/tenured professors: 56
Percentage of permanent/tenured professors who are women: 25
Percentage of permanent/tenured professors who are underrepresented minorities: 4
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 Polimeni
Joel Evans
Anil Mathur

STUDENT LIFE

Largest on-campus organizations for business students:

Hofstra Accounting Society
Collegiate Entrepreneurs
Institute of Management Accountants
International Business Association
Hofstra American Marketing Association

Freshmen are required to live on campus:

Business students are grouped in learning communities:

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

Financial Trading Laboratory with Bloomberg software; Gmail and Google Apps for Education Program for Students; SAP Partnership – SAP Academic Alliance; Microsoft Academic Alliance Member – provides MS products free of charge for student use in courses; 100% Technology Enhanced Classrooms; Distance Learning Courses Created; PC Equipment in Labs and Classrooms Replaced Twice in 3 Years; Upgraded SMART tech/ Sympodiums in classrooms; Upgraded software licenses; ePortfolio Software; Upgraded IT Security Technology Enhancements; Extensive Wireless Networking; Every Faculty Member Provided a Laptop on 3 Year Refresh Cycle; Network Switches and Fiber Infrastructure Upgraded; Campus Alert Notification Network – provides individual text, voice and email alerts, Public Address System, Remote Building Access Security, Campus Television Alert System; Geographically Diverse DR Site for Web-based Services

Trading laboratory available:

Yes

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

25,492

Total living alumni:

24,790

Median alumni gift, 2007-08:

$ 50

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

Prominent alumni:

Name: Frank G. Zarb '57 B.B.A, '62 M.B.A.
Title: Former Chairman/CEO NASD; Hofstra Trustee & Former Chairman
Name: Jack Weisbaum '64 B.B.A.
Title: CEO, BDO Seidman, LLP
Name: Debra Sandler '82
Title: Worldwide President McNeil Nutritional

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

56 %

Seeking full-time employment in business: 76 %
Not Seeking full-time employment in business: 25 %

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

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

2,250

Other activities and services provided for business majors:

Resume/cover letter writing, mock interviews both by Career Center staff and employers, and several student/alumni networking events with the business clubs, a major day and career fairs

Job offer results, 2008 graduates:

Accepted first job offer by graduation: 57 %
Accepted first job offer in three months following graduation: 31 %
Accepted first job offer more than 3 months after graduation: 10 %
Did not report having accepted a job offer: 2 %

Top hiring firms:

KPMG LLP
PricewaterhouseCoopers
Ernst & Young
Deloitte Touche Tomatsu
Credit Suisse Group
Deutsche Bank AG
Wells Fargo

Marcum and Kleigman
Macy's East
Holtz Rubenstein
JH Cohn LLP
Marks Paneth & Shron LLP
North Shore LIJ
BDO Seidman LLP
Broadridge

Graduate compensation:

Mean base salary: $ 42,138
Median base salary: $ 45,000
Mean signing bonus: $ 4,925
Median signing bonus: $ 2,000
Mean other guaranteed compensation: $ 2,914
Median other guaranteed compensation: $ 2,000

Grads accepted jobs in following functional areas:

Consulting: NA %
Finance/Accounting: 39 %
General Management: 10 %
Human Resources: 3 %
Management Information Systems: 2 %
Marketing/Sales: 19 %
Operations/Production: 8 %
Logistics/Transportation: <1 %
Other: 18 %

Grads accepted jobs in following industries:

Accounting: 22 %
Consumer Products/Retail: 9 %
Consulting Services: 1 %
Financial Services: 16 %
Government/Education: 2 %
Pharma/Biotech/Health: 4 %
Manufacturing: 1 %
Media/Entertainment: 5 %
Petroleum/Energy: NA %
Real Estate: NA %
Sports/Leisure: NA %
Technology/Science: 3 %
Non-Profit: 4 %
Transportation: 1 %
Utilities: <1 %
Other: 32 %

Percentage of job acceptances, US and Canada:

US: 100 %
Canada: 0 %

Grads accepted jobs in the following US regions:

Northeast: 97 %
Mid-Atlantic: 2 %
Midwest: 0 %
South: 0 %
Southwest: <1 %
West: 1 %
US Possessions/Territories: 0 %

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

Internship postings on job boards, previous academic year:

348

Top internship recruiters, 2007-08:

Citigroup Inc.
Deloitte Touche Tomatsu
KPMG LLP
Merrill Lynch
Morgan Stanley
Ernst & Young

BDO Seidman LLP
Black20
Estee Lauder
Holtz Rebenstein Reminick LLP
Marcum & Kliegman LLP
Marcus & Company LLP
Nassau Educators Federal Credit Union
Port Authority of New York and New Jersey
Sirius Satellite Radio

Average internship, in weeks:

Graduate Comments

I do believe that there are a few reasons that make our business school program unique. First, I would like to point out the state-of-the-art trading room. We have quite a few actual Bloomberg terminals that are connected to Bloomberg. Students can actually get certified in Bloomberg; in both fixed income and equities, which I have recently finished. This allows us to learn and use data and research that the professionals use. I strongly believe that this is a unique asset that no other business school has; classes are held in the trading room and the advanced technology is used for educational purposes such as research projects. Secondly, the teachers here all have real-world experience and many of them still work in the field. They enjoy expressing their experiences with the student body which allows for unique learning opportunities. Thirdly, the alumni community has been very active with the business school. Several of them come back and speak as well as participate as interviewers in mock interview events. This is something that I have taken advantage of and something that has helped me out personally. Lastly, the school has recently gone to many lengths to increase the recruiting at our school. Due to current market conditions, it has been difficult but I do believe there have been strong and positive changes that have helped the student body and future students.

A lot of professors have real-life experience, which they discuss in the classroom. Professors try their best to incorporate current events in the classroom.

The classes are kept small to ensure closer relationships between professors and students as well as among students. Every business class has a group project worked into the curriculum to encourage team building and communication.

The business school has some very impressive connections with all the different accounting and finance firm around here. They truly know what they are talking about and are all very good at conveying what they know.

We're on Long Island very close to the city and Melville, which is where most financial and accounting services are. This allows for easy job hunting in these desired fields. In addition, the business school is definitely above average and probably the best on Long Island. It's competitive and the programs prepare you adequately. The students, however, are not the brightest.

Our dean was head of the NYSE. He brings in many people from the business world to talk to us about what it's like. There are many opportunities to meet alumni and make contact with important people. The business job fairs we have on campus are huge and have many different aspects of businesses to choose from.

I think the quality of professors, close ties and strength of our career center, numerous business-related clubs and close proximity to New York City make Hofstra's business program unique. Our constant connections with alumni help students get their foot in the door quickly and easily.

The accounting program at Hofstra is one of the only accredited programs in the Northeast and is highly recruited by all of the Big Four accounting firms and many mid- to small-size firms.

The most important competitive advantage that I believe Hofstra has is its relative youthful and vibrant energy that circulates among the business school. This energy is transmitted through the teachers as they are constantly doing their [part] to keep the material as current and relevant as possible and providing the information to us via the most technologically savvy educational methods around. In my specific case, the entrepreneurship program is relatively young in itself. With a young professor at the helm, we are constantly modifying the curriculum on the fly, which adds to the excitement of the program as we tend to focus on the all-important "real-life" examples and case studies. Finally, the way in which all the classes integrate and sequence is really outstanding. Classes tend to bleed into each other and always make references to each other as well. This certainly helps with retention of important topics and allows us to understand business from the bottom up. I will truly leave Hofstra with all the necessary fundamental tools to run a successful business on paper upon graduation. After that, it will only be a matter of experience and on-the-job learning to constantly increase my breadth of knowledge that I am now, thanks to Hofstra's inspiration, so hungry for.

The good professors and array of times that courses are scheduled -- some night and some day -- make the program unique.

Our business school has a lot of contacts for internships in the city, and because we are a close train ride from the city, many employers will come to campus to hold interviews and meet with prospective [employees].

[Hofstra] needs more teachers who speak clear English.

This program could be better by expanding the program for part-time, night students. They RARELY offer all management classes at night, making it extremely difficult for people who work full-time during the day to graduate because they cannot find classes to meet requirements. They should also limit the number of day students who sign up for the p.m. classes to make more room for students who actually work during the day. These classes are not for those who don't feel like getting up early to go to class.

The teachers, especially in quantitative methods courses, need major improvement. The $39,000 cost of Hofstra does not meet my expectations for the business program.

I am so happy I chose and attended such a great school like Hofstra. I had the opportunity to broaden my horizons and participate in many diverse events. I will never forget the day that I was afforded the opportunity to attend the third presidential debate in such a historic time. I owe my future career and well-being to Hofstra.

They do not really help marketing majors out at all. They have amazing contacts for finance and especially accounting majors but other areas of the business department are not represented very well at the career center.