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Undergraduate Profile Publish Date 05/27/12

Illinois State University

College of Business

  • Program Basics

      • College of Business at Illinois State University
      • MBA Program
      • Campus Box 5500
      • Illinois State University
      • Normal, Illinois
      • 61790
      • United States
      • Program Web site: http://www.IllinoisState.edu/business
      • Program e-mail address: cobinfo@ilstu.edu
      • Program phone number: 309/438-2251
      • Status: Public (state-operated)
      • AACSB accredited: Yes

    • Accreditation other than AACSB:

      • Consortium for Undergrad International Bus Ed
      • University Sales Center Alliance
      • Year in which the undergraduate business program was founded: 1967
      • Institution: Four Year
      • Business Program: Four Year

  • SCHOOL BASICS

    • Enrollment:

      • Total undergraduate: 18,535
      • Full-time undergraduate business: 2,987
      • Part-time undergraduate business: 130
      • Distance undergraduate business: 0
      • College or university freshman retention rate: 85 %

    • Percentage of students who graduate from the business program:

      • Within four years of admission to the university: 77 %
      • Within six years of admission to the university: 98 %

    • Undergraduate Business Degrees Offered:

      • Bachelor of Science
      • Bachelor of Arts
      • Bachelor of Science in Education
      • Bachelor of Science/Masters of Professional Accountancy

  • PROGRAM COSTS

      • Annual Tuition (Resident): $9,630.00
      • Annual Tuition (Non-Resident): $16,590.00
      • Annual Required Fees: $2,202.00
      • Tuition Per Academic Credit (Resident): $321.00
      • Tuition Per Academic Credit (Non-Resident): $553.00
      • Annual Room and Board: $9,090.00
      • Annual Cost of Books: $1,074.00

  • CLASS PROFILE

    • Students in newest entering class that are:

      • Female: 33 %
      • International: 2 %

    • 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: 11 %
      • Top 25% of high school class: 30 %
      • GPA of 3.75 or higher: 15 %
      • GPA of 3.5 to 3.74: 15 %

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

      • Mean: 24
      • Median: 24

    • Middle 50% range of ACT scores:

      • From: 22
      • To: 25

    • Citizenship breakdown for newest entering class:

      • US: 98 %
      • Other Non-US Citizens: 2 %

    • U.S. citizens in newest entering class:

      • African American: 7 %
      • Asian American: 2 %
      • Hispanic or Latino American: 7 %
      • Multiethnic/Multiracial: 2 %
      • Native American: 1 %
      • White (Non-Hispanic): 81 %

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

      • Midwest: 100 %

  • ADMISSIONS - Getting Into the Institution

    • Standardized tests required of all applicants:

      • ACT
      • Interviews are: By invitation only

    • Application deadlines:

      • Fall 2012 3/1/2012
      • Spring 2013 11/1/2012
      • Summer 2013 3/1/2013
      • Fall 2013 3/1/2013
      • Additional application requirements: International students must also earn a total score of 79 on the internet based test (IBT), 550 on the pencil/paper test, or 213 on the computer based Test of English as a Foreign Language (TOEFL).
      • Total undergraduate applicants, all programs: 18,789
      • Percentage of applicants admitted: 68 %
      • Percentage of admitted applicants who enrolled: 42 %
      • International applicants: 1 %
      • Female applicants: 33 %

    • Relative Importance of Application Elements

      • Secondary school record: Very Important
      • Class rank: Not Considered
      • Talent/ability: Considered
      • Interview: Not Considered
      • Extracurricular activities: Not Considered
      • Volunteer work: Not Considered
      • Character/personal abilities: Considered
      • Application essay: Very Important
      • Work experience: Not Considered
      • SAT/ACT scores: Very Important
      • Recommendations: Considered
      • 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: 2,565
      • Percentage of applicants admitted: 71 %
      • Percentage of admitted applicants who enrolled: 44 %
      • 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: 71 %
      • 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:

      • Minimum college GPA for internal transfers to the business program: 2.50
      • Additional application requirements, including course/grade requirements: The College of Business requires internal and external transfers to meet coursework and GPA requirements that vary depending on total earned and in-progress hours. Please visit our website for more details.

  • CAMPUS LIFE

    • Five largest on-campus organizations for business students:

      • Beta Gamma Sigma
      • Business Administration Association
      • Gamma Iota Sigma
      • Pi Sigma Epsilon
      • Student Accounting Society
      • 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 120
      • BA 120
      • BSMPA 150

    • Other requirements for the undergraduate business degree

      • Students must earn a grade of C or better in all required major courses.

  • ACADEMICS

    • Average class size:

      • Required business classes: 63
      • Business electives: 25
      • Non-business electives: 71

    • Percentage of business classes:

      • With 20 or fewer students: 16 %
      • With 21 to 50 students: 72 %
      • With more than 50 students: 12 %

    • Course enrollment:

      • Percentage of required business courses reaching maximum enrollment by the first day of class: 56 %
      • Percentage of required business courses with waiting lists: 0 %

  • CURRICULUM

    • Electives:

      • Available business electives: 35
      • New electives: Seminar in Management: Entrepreneurship and Innovation
      • Last curriculum overhaul: 2000
      • Total business faculty: 115
      • Percentage of the total faculty that is tenured or tenure track: 72 %

    • Most prominent faculty:

      • Victor Devinatz
      • Jim Jawahar
      • Steve Taylor

    • Business program's leading areas of study:

        • Accounting
        • Finance
        • Marketing
        • Human Resource Management
        • Insurance
      • Special programs: The Katie School of Insurance helps students connect with industry by supporting professional development opportunities, international internships, and a student leadership program. The Educational Investment Fund program allows finance majors the opportunity to manage a securities portfolio of $400,000. Students interested in international business can explore opportunities through the Export Project, an international internship that assists Illinois businesses with expansion overseas.
      • Study abroad programs: The College of Business sponsors both summer and semester-long study abroad programs. Current partner institutions are in England, France, Italy, Spain, Mexico, Japan, Hungry, Germany and Thailand. The University also sponsors summer and semester programs to 27 countries.
      • Volunteer opportunities: Several business courses include a service learning component. Students can also get involved in philanthropy through one of 22 student organizations in the college. The University's Dean of Students office also offers students opportunities to enhance and expand student involvement through meaningful community service and leadership opportunities. They also encourage students to become active in their communities and to make community service and civic activism a valued part of their educational experience.

    • Extra-curricular activities:

      • There are 22 business-related student organizations that provide opportunities for personal and professional growth
      • The College of Business along with its corporate partners sponsors "Business Week" each spring - activities can include:
      • Professional Development Dinner
      • College to Career Transition Seminars
      • Mock Interviews with Corporate Recruiters
      • Keynote speaker and networking reception with alumni
      • Corporate Social Responsibility Day

  • FINANCIAL AID

    • Scholarships

      • Scholarship money distributed to business students last year: $2,872,908.00
      • Expected scholarship distribution to business students this year: $3,214,032.00
      • Scholarships are awarded to business students based on: a combination of need and merit
      • Students receiving institutional scholarships in the current academic year: 18 %
      • Students receiving full-tuition institutional scholarships in the current academic year: 17 %
      • Institutional scholarship money distributed to undergraduate business students based on need: 42 %
      • Institutional scholarship money distributed to undergraduate business students based on merit: 58 %

    • Loans

      • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
      • Mean outstanding debt, most recent graduating class: $21,500.00

  • CAREER SERVICES

    • Employment Information

      • Percentage of most recent business graduates who supplied information regarding employment: 70 %
      • Percentage seeking full-time professional employment in business: 86 %
      • Percentage not seeking full-time professional employment in business: 14 %

    • Received first job offer:

      • By graduation: 49 %
      • No job offer reported: 51 %

    • Accepted first job offer:

      • By graduation : 47 %
      • No job acceptance reported: 53 %
      • Companies recruiting business students on campus: 185
      • Companies posting job offers for business students on school job boards: 301

    • Top employers (number of students hired):

      • Target 7
      • Liberty Mutual 6
      • Caterpillar 6
      • State Farm 5
      • C.H. Robinson 5
      • Hertz 4
      • McGladrey 4
      • Aerotek 3
      • ADM 3
      • Discover Financial Services 2
      • Growmark Inc. 2
      • News America Marketing 2
      • Northwestern Mutual 2
      • PricewaterhouseCoopers 2
      • Travelers 1

    • Compensation

      • Mean base salary: $43,265.00
      • Median base salary : $39,000.00

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

      • Consulting: 2 %
      • Finance/Accounting: 25 %
      • General Management: 18 %
      • Human Resources: 2 %
      • Management Information Systems: 2 %
      • Marketing/Sales: 26 %
      • Operations/Production: 3 %
      • Logistics/Transportation: 1 %
      • Other: 21 %

    • Most recent graduates accepted jobs in the following industries:

      • Accounting: 6 %
      • Consumer Products/Retail : 30 %
      • Consulting: 7 %
      • Financial Services: 18 %
      • Government/Education: 4 %
      • Pharma/Biotech/Health: 3 %
      • Manufacturing: 6 %
      • Media/Entertainment: 4 %
      • Real Estate: 1 %
      • Sports/Leisure: 3 %
      • Technology/Science: 2 %
      • Non-Profit: 1 %
      • Transportation: 6 %
      • Utilities: 1 %
      • Other: 8 %

    • 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: 1 %
      • Mid-Atlantic: 1 %
      • Midwest: 96 %
      • Southwest: 3 %
      • Career services offered: The University Career Center provides mock interviews with partner representatives, Interview Stream (self-practice interview software), walk-in resume critiques, graduate school workshops, business cards, resume paper, and career assessment tools like FOCUS, Myers-Briggs Type Indicator, Strong Interest Survey and StrengthsQuest.

  • INTERNSHIPS

      • Companies recruiting business students for internships on campus: 34
      • Companies posting internship offers for business students on school job boards: 110

    • Top internship employers (number of students hired):

      • Country Financial 17
      • Northwestern Mutual 13
      • State Farm 9
      • ISU Athletics 8
      • Enterprise Rent-a-Car 7
      • McLean County State's Attorney's Office 7
      • Normal Cornbelters 4
      • Peoria Chiefs 4
      • The Baby Fold 4
      • Arthur J Gallagher 3
      • Zurich 3
      • Allstate 2
      • Caterpillar 2
      • Travelers 2
      • US Cellular 2

    • Internship pay

      • Internships that are paid: 65 %
      • Mean compensation, per week, for paid internships only: $384.00
      • Median compensation, per week, for paid internships only: $380.00
      • Average internship length, in weeks: 14

  • B-SCHOOL ALUMNI

      • Total number of undergraduate business program graduates since inception: 32,307
      • Total living alumni of the undergraduate business program: 31,309
      • Percentage of living alumni who contributed to the business program or university in the last academic year: 4 %

    • Alumni gifts

      • Mean Gift: $248.00
      • 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

      • Patti S. Hart CEO International Game Technology
      • Tom Reedy Executive Chairman, iTRACS Corporation
      • Joe Reynolds Founder and CEO, Red Frog Events

Getting In

B-School Life

Finding a Job

Paying the Bills