Program Basics

• • College of Business Undergraduate Program
  • Colled of Business at ILLINOIS
  • 1055 Business Instructional Facility
  • 515 E. Gregory Drive
  • Champaign, Illinois
  • 61820
  • United States
  • Program Web site: http://business.illinois.edu/undergrad/
  • Program e-mail address: undergrads@illinois.edu
  • Program phone number: 2173332740
  • Status: Public (state-operated)
• • AACSB accredited: Yes
• • Year in which the undergraduate business program was founded: 1915
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Total undergraduate: 32,256
  • Full-time undergraduate business: 3,029
• • College or university freshman retention rate: 94 %

• Percentage of students who graduate from the business program:

  • Within six years of admission to the university: 90 %

• Undergraduate Business Degrees Offered:

  • BA Accountacy
  • BS Finance
  • BS Business Administration: Majors in Business Process Management, Information Systems/Information Technology Management, General Management inEntrepreneurship or International Busines, Marketing, and Supply Chain Management

PROGRAM COSTS

• • Annual Tuition (Resident): $15,928.00
• • Annual Tuition (Non-Resident): $30,070.00
• • Annual Required Fees: $3,310.00
• • Annual Room and Board: $10,080.00
• • Annual Cost of Books: $1,200.00

CLASS PROFILE

• Students in newest entering class that are:

  • Female: 44 %
  • International: 14 %

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

  • Mean: 19
  • Median: 18

• Percentage of newest entering class:

  • Top 10% of high school class: 71 %
  • Top 25% of high school class: 94 %

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

  • Mean: 1309

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

  • Mean: 30
  • Median: 30

• Middle 50% range of ACT scores:

  • From: 28
  • To: 31

• Citizenship breakdown for newest entering class:

  • US: 88 %
  • Other Non-US Citizens: 12 %

• U.S. citizens in newest entering class:

  • African American: 5 %
  • Asian American: 14 %
  • Hispanic or Latino American: 6 %
  • White (Non-Hispanic): 67 %
  • Chose not to report: 8 %

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

  • Northeast: 3 %
  • Mid-Atlantic: 1 %
  • South: 1 %
  • Southwest: 1 %
  • Midwest: 91 %
  • West: 3 %

ADMISSIONS - Getting Into the Institution

• Standardized tests required of all applicants:

  • SAT or ACT
• • Interviews are: Not offered

• Application deadlines:

  • Fall 2012 1/2/2012
  • Fall 2013 1/2/2013
• • Additional application requirements: Transfer students must complete a minimum of 60 credit hours at the University of Illinois to earn a bachelor's degree.
• • Total undergraduate applicants, all programs: 28,751
• • Percentage of applicants admitted: 68 %
• • Percentage of admitted applicants who enrolled: 37 %
• • Female applicants: 44 %

• Relative Importance of Application Elements

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

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The business program office
  • Total undergraduate business applicants: 4,840
  • Percentage of applicants admitted: 40 %
  • Percentage of admitted applicants who enrolled: 45 %
• • 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
  • Percentage of business program admits in most recent entering class who were freshman: 87 %
  • Are freshman business admits required to complete or obtain minimum GPAs in pre-business courses before taking upper-level courses? Yes
  • Process for freshmen admission?: Indicate interest on university application

• Internal transfers:

  • Method for handling internal transfers: Separate application

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Business Council
  • Phi Gamma Nu Business Fraternity
  • Alpha Kappa Psi Business Fraternity
  • Delta Sigma Pi Business Fraternity
  • Phi Chi Theta Business Fraternity
• • Are freshmen required to live on campus?: Yes
  • 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 124

• Other requirements for the undergraduate business degree

  • GEN ED 28 semester hours, BUSINESS CORE 50 semester hours, MAJOR 18 to 27 dependent on major, ELECTIVES no mandatory minimum

ACADEMICS

• Average class size:

  • Required business classes: 56
  • Business electives: 36
  • Non-business electives: 194

• Percentage of business classes:

  • With 20 or fewer students: 19 %
  • With 21 to 50 students: 68 %
  • With more than 50 students: 13 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 52 %

CURRICULUM

• Electives:

  • Available business electives: 104
  • New electives: Ethical Dilemmas in Business
• • Last curriculum overhaul: 2004
  • Total business faculty: 165
  • Percentage of the total faculty that is tenured or tenure track: 60 %

• Most prominent faculty:

  • Charles Kahn
  • Gregory Northcraft
  • Mark Peecher

• Business program's leading areas of study:

  • • Accounting
    • Finance
    • Marketing
    • Supply Chain Management
    • General Management
• • Special programs: Technology and Management: business and engineering students study in tandem to earn a minor
• • Work study: Federal Work Study
• • Study abroad programs: International activities are expanding at a record pace in the College of Business at the University of Illinois at Urbana-Champaign. In the last 5 years, the study abroad participation rate for undergraduate business students has gone from 28% to 55%. In the 2010-2011 academic year, 348 undergraduate business students participated in study abroad experiences, including 8 faculty-led trips and 17 semester exchange programs offered through the College of Business with top business schools in Europe, Asia and Australia. Our newest exchange partners are K.U. Leuven in Belgium, WHU in Germany and Tsinghua University in China. Currently the University of Illinois offers over 400 study abroad options to its students. In 2010 the College of Business started an annual study abroad trip for Freshman honors program students. Our students travel to Brazil to visit companies and compete in a case competition with business students from the University of Sao Paulo. To increase cultural interaction, each team consists of students from both universities. The first round of the case competition is in Brazil and the final round is in Illinois the following semester. The competition is judged by faculty from both universities and executives at Ambev. In spring of 2012, the College of Business is offering two new faculty-led options. One is a trip to the U.K. to study social enterprises in the British context and will include panel discussions and lectures at the University of Cambridge. The trip will focus on businesses that are designed to have a positive social impact while still being profitable. A second new faculty-led trip will focus on the agricultural supply chain and identify likely causes of post-harvest loss in India in partnership with ADM.
• • Volunteer opportunities: From day one, business students at the University of Illinois are encouraged to participate in charity fundraisers, community service projects and volunteer opportunities through the college to help improve the college experience for fellow students and positively impact the world in which they live. The college hosts one major charity fundraiser each year, organized through the cooperation of 25 of the largest business student organizations collectively known as the Council of Presidents. This event, the nature of which changes every year, has raised more than $7,500 for charity in its three year existence. In addition to this event, individual organizations are encouraged and supported by the college to organize and host their own charity events. Some, such as the “Mr. Business” male talent show and beauty pageant, hosted by Phi Gamma Nu, are focused on raising funds for donation in a fun and engaging way; others, such as “Impact Day”, hosted by Business Council, offer students the opportunity to perform volunteer work at several local community service organizations. The concept of giving back is so ingrained in the College of Business fabric that it has even become part of our annual diversity recruitment summer program, LeAD. Rising high-school seniors attending the three week program participate in local community outreach projects along with their other business-focused activities. Internally, it is the standard practice of the college to assemble teams of volunteer undergraduate students to take an active part in designing and implementing professional development and mentorship programs. Volunteers are regularly requested to assist with the annual freshmen and transfer welcome events, organizing sponsored leadership and diversity initiatives, directing internal case competitions and professional development workshops, and working with local, national and global business leaders to help extend commerce principles from the classroom into the real world.

• Extra-curricular activities:

  • Council of Presidents events, including charity fundraisers and sustainability focused case competitions
  • More than 25 independent Registered Student Organizations focused on various aspects of business, service, diversity, leadership, and professional development
  • Annual leadership institute organized in partnership with College of Business students, administrators, faculty and corporate partners
  • Annual diversity exchange organized in partnership with five student organizations, corporate partners and the College of Business
  • New global micro-lending project focused on offering students valuable real-life lending experience while assisting impoverished populations around the world
  • Opportunities to work with college administrators organizing professional development workshops via Business Career Services
  • Mentorship opportunities with our global alumni base through the College of Business Alumni Mentoring
  • Ever-increasing leadership opportunities available through our growing number of grass-roots initiatives focused on student satisfaction with the undergraduate education experience

FINANCIAL AID

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

• Scholarships

  • Scholarship money distributed to business students last year: $6,275,718.00
  • Expected scholarship distribution to business students this year: $6,644,670.00
  • Scholarships are awarded to business students based on: a combination of need and merit
  • Students receiving institutional scholarships in the current academic year: 31 %
  • Students receiving full-tuition institutional scholarships in the current academic year: 4 %
  • 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: $22,663.00

CAREER SERVICES

• Employment Information

  • Percentage of most recent business graduates who supplied information regarding employment: 88 %
  • Percentage seeking full-time professional employment in business: 69 %
  • Percentage not seeking full-time professional employment in business: 31 %

• Received first job offer:

  • By graduation: 70 %
  • After graduation, but within 3 months: 15 %
  • No job offer reported: 16 %

• Accepted first job offer:

  • By graduation : 68 %
  • After graduation, but within 3 months: 15 %
  • No job acceptance reported: 18 %
• • Companies recruiting business students on campus: 133
  • Companies posting job offers for business students on school job boards: 783

• Top employers (number of students hired):

  • Deloitte LLP 22
  • PricewaterhouseCoopers LLP 20
  • KPMG LLP 18
  • Ernst & Young LLP 16
  • JP Morgan Chase 10
  • McGladrey & Pullen LLP 7
  • Epic Systems 7
  • Allstate Insurance 7
  • WW Grainger Inc. 5
  • Boeing Company 5
  • Protiviti Inc. 4
  • Kraft Foods Inc. 4
  • BMO Capital Markets 4
  • 3M 4
  • Kohl's 4

• Compensation

  • Mean base salary: $54,439.00
  • Median base salary : $53,100.00
  • Mean signing bonus: $5,214.00
  • Median signing bonus: $5,000.00

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

  • Consulting: 17 %
  • Finance/Accounting: 60 %
  • General Management: 9 %
  • Human Resources: 0 %
  • Management Information Systems: 2 %
  • Marketing/Sales: 6 %
  • Operations/Production: 3 %
  • Logistics/Transportation: 3 %

• Most recent graduates accepted jobs in the following industries:

  • Accounting: 29 %
  • Consumer Products/Retail : 8 %
  • Consulting: 11 %
  • Financial Services: 24 %
  • Government/Education: 2 %
  • Pharma/Biotech/Health: 1 %
  • Manufacturing: 12 %
  • Petroleum/Energy: 1 %
  • Real Estate: 1 %
  • Technology/Science: 5 %
  • Non-Profit: 1 %
  • Transportation: 2 %
  • Other: 3 %

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

  • US: 100 %

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

  • Northeast: 3 %
  • Mid-Atlantic: 1 %
  • Midwest: 92 %
  • South: 2 %
  • Southwest: 1 %
  • West: 1 %
• • Career services offered: Business Career Services matched 443 freshmen and sophomores with 86 companies for a 1-day Job Shadow, participated in a freshmen class on business professionalism and provided employer resume critiques to every incoming freshmen student. BCS coordinated specific training on case and investment banking interviews with peer mentors who had interned in these industries, organized employer forums , assisted minority student organizations in hosting an employer/student spring banquet.

INTERNSHIPS

• • Companies recruiting business students for internships on campus: 93
  • Companies posting internship offers for business students on school job boards: 273

• Top internship employers (number of students hired):

  • Deloitte LLP 61
  • KPMG LLP 59
  • Ernst & Young LLP 55
  • PricewaterhouseCoopers LLP 47
  • Robert Bosch 15
  • Boeing Company 11
  • WW Grainger 10
  • Sears Holdings Corp. 10
  • Grant Thornton LLP 10
  • Johnson & Johnson 9
  • Deere & Co. 9
  • Abbott Laboratories 8
  • Miller Cooper & Co. 7
  • McGladrey & Pullen LLP 7
  • BMO Capital Markets 7

• Internship pay

  • Mean compensation, per week, for paid internships only: $783.00
  • Median compensation, per week, for paid internships only: $739.00
  • Average internship length, in weeks: 10

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 50,910
  • Total living alumni of the undergraduate business program: 43,597
  • Percentage of living alumni who contributed to the business program or university in the last academic year: 8 %

• Alumni gifts

  • Mean Gift: $1,414.00
  • Median Gift: $100.00
  • 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

  • Steven Van Arsdell CEO/Deloitte
  • Christopher Lu CEO/Deloitte China
  • Jill Smart Chief Human Resources Officer/Accenture

• • -The business honors program definitely makes the business program unique. Having the ability to travel internationally, gives students the opportunity to develop and become more globally aware early on. Also, the relationship that students get to build with the College of Business deals is truly amazing. It definitely makes the school feel a lot smaller than it is.
    
    -There are big inconsistencies in the way classes are taught. Taking one course can be completely different depending on which professor you get, and it can be frustrating. This is especially true in introductory business courses.
    
    -Our program provides its students with countless opportunities to make a positive impact in the area and around the world. It also exposes students to the corporate world very early on, through professional events with companies and office visits.
    
    -Too much emphasis is placed on the accounting program, and it seems that excessive resources are targeted in that direction. Also, the contact with firms outside the region is not as strong as it appears to be at rival schools like Indiana.
    
    -It's great building with outstanding resources, as well as our accounting program's "Project Discovery" teaching style.
    
    -The staff in the undergraduate affairs office are not very helpful. It takes over a month to schedule a meeting with my advisor. They do not help me get into the classes I need to take for my major, etc.
    
    -Recruiters from the Chicagoland area seem to recruit quite heavily on campus, which makes it easier for students to enter large firms despite the actual location of the university (secluded in central Illinois). With Big 4 accounting firms, especially, the university seems to be very well regarded. Many accountancy students each year will land full-time offers with the Big 4 in Chicago, but the accountancy program's reputation has always made it possible for a good number of students to apply to Big 4 positions in other cities (e.g. New York City, San Francisco, etc.)
    
    -Because the College of Business is very large, the administrative staff has a lot on their plate. I can always make an appointment with someone within a week or two, but I feel like if I just had a quick issue it would be difficult to get a fast answer.
    
    -The huge number of extracurricular opportunities set's Illinois apart. By graduation, most students have several quality leadership experiences that prepare them well for life after college.
    
    -If they would guarantee an internship to each student (making everyone take a semester off like other schools) I feel everyone would be completely prepared for interviewing and taking on full-time jobs.
    
    -The University of Illinois accepts the best and brightest into its business program. I have to compete with other students (many from other countries) for my grade. Because of the competitiveness I have been able to learn how to compete with the best. We also work on a lot of group projects, which makes us able to survive in the corporate world. Finally, our career services are outstanding. They constantly try to help us find jobs and, while this school is large, you never feel like a number, but an actual person.
    
    -I would have liked to be able to minor in Finance and taken more finance courses with out having to switch my major to Finance for a semester.
    
    -We have a great brand new facility that has all the tools we need to succeed. We are required to take a wide variety of classes outside our major, which makes us very well rounded business students.
    
    -Academic advising is extremely poor and inconsistent. It would be nice to know who my advisor is, have the ability to stay in contact with the same person throughout my academic career, and have that individual provide the same guidance as another advisor.
    
    -I think anyone visiting for the first time would immediately be impressed with the facilities. The business building is only a few years old and it is incredibly nice. There is also a lot of diversity in several ways. Some classes will be 700 people where the professor may never see your face, and others are small. In the smaller classes the teacher knows your name after a week and gives tons of individual feedback on every assignment. Lastly, and possibly most importantly, the shear amount of blue chip companies that come to recruit (many of them as their largest source of new employees) is incredible.
    
    -I believe student input would greatly help our program. There are aspects of classes that students would change but don't have the opportunity to give feedback. Students fill out forms for each class on improvements but these forms are only looked at by the professors themselves and not administrators.
    
    -We are extremely diverse and have several business buildings with specific interview rooms, resume critique seminars; we also have many companies come down and discuss different branding and interview strategies to help students prepare for the career fair. We also need to attend professional accounting lyceums for our audit and ethics classes.
    
    -Our business school is somewhat small, yet it is part of an incredibly large university. This is great because you get the intimacy of small classes and great professors with what is generally associated with a large university, like a football team and Greek life.