Illinois Institute of Technology

PROGRAM BASICS

Undergraduate Program in Business

Stuart School of Business, Illinois Inst of Tech
3424 S State St, Tech Park North Room 4B9
Chicago , Illinois 60616

Private Institution

Web site

http://www.stuart.iit.edu/undergraduateprograms/

Program e-mail address:

sharris9@iit.edu

Program telephone number:

(312) 567-3996

AACSB accredited:

No

Length of entire institution:

Four Year

Business program length:

Four Year

Degrees offered:

Degree/Program Name:
Bachelor of Science in Business Administration
Bachelor of Science in Business Administration and Applied Science

PROGRAM COSTS

Annual Tuition (Resident):

$  26,709

Annual Tuition (Non-Resident)

$  26,709

Cost per academic credit (resident)

$  832

Cost per academic credit (non-resident)

$  832

Required fees

$  804

Books:

$  1,000

Room and board:

$  9,226

ENROLLMENT

Full-time undergraduate business student enrollment:

118

Part-time undergraduate business student enrollment:

3

Total College enrollment for 2008-09:

2,590

ADMISSIONS

Interviews for entire college:

Not required

Additional application requirements for entire college:

International (non-resident alien) students are not required to submit the ACT or SAT, although it is recommended; submission of ACT or SAT scores highly recommended for international students coming from countries where the tests are widely administered. The TOEFL is required of international students only if English was not the primary language of instruction at the school they last attended.

Upcoming application deadlines for entire college:

Freshmen admitted into business program:

Yes

Percentage of business students admitted as freshmen:

74  %

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:

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

No

Interview to enter business program:

Not required

Additional application requirements for freshman admits:

International (non-resident alien) students are not required to submit the ACT or SAT, although it is recommended; submission of ACT or SAT scores highly recommended for international students coming from countries where the tests are widely administered. The TOEFL is required of international students only if English was not the primary language of instruction at the school they last attended.

Additional requirements for internal transfers:

N/A

Total number of full-time applications for entire college:

4,161

International applicants, entire college, 2008-09:

34  %

Female applicants, entire college, 2008-09:

30  %

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

52  %

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

31  %

Relative Importance of Application Elements:

Secondary School Record:

Very Important

Class Rank:

Important

Talent/Ability:

Considered

Interview:

Considered

Extracurricular Activities:

Considered

Volunteer Work:

Considered

Character/Personal Abilities:

Considered

Application Essay:

Important

Work Experience:

Considered

SAT/ACT Scores:

Important

Recommendations:

Important

High School GPA:

Very Important

Admissions program managed by:

The university admissions office

Total undergraduate business program applicants, 2008-09:

323

Applicants enrolled in undergrad business program 2008-2009:

31  %

Applicants admitted to undergraduate business program, 2008-09:

38  %

CLASS PROFILE

Class Profile:

Female: 25  %
International : 54  %

Entering students by age:

Mean: 19
Median: 19

Citizenship of Entering Students

U.S.: 46  %
Other countries: 50  %
Unknown: 4  %

Percentage of US citizens in entering class who are:

African American: 8  %
Asian American: 23  %
White (Non-Hispanic): 38  %
Other: 31  %

Entering students from the following region:

Southwest: 15  %
Midwest : 77  %
West: 8  %

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

Mean: 1151
Median: 1150

SAT middle 50% range on 1600 scale:

From:  1,105
To:  1,215

ACT Scores for full-time entering business students:

Mean:  25
Median:  26

ACT middle 50% range:

From:  23
To:  29

Percent of Students Who Were In:

Top 10% of high school class

54  %

Top 25% of high school class:

69  %

HS GPA of 3.75 or higher

33  %

HS GPA of 3.5 to 3.74:

33  %

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:

$  1,386,577

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

$  1,695,959

Scholarships awarded to students in the business program based on:

Academic merit

Scholarship consideration process:

As part of the admissions application

Other scholarship considerations:

N/A

Students receiving institutional scholarships for 2008-09 academic year:

99  %

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

17  %

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

6  %

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

94  %

School offers guaranteed loans:

No

Financial aid web site

http://www.iit.edu/financial_aid/

PROGRAM BASICS

Business students who graduate within four years:

27  %

Business students who graduate within 6 years:

91  %

Freshman retention rate:

88  %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BS
Hours: 126
Degree: BS
Hours: 131

Other degree requirements:

In addition to core business courses and electives, all degree-seeking undergraduate business students must complete courses with significant written and oral communication components, Mathematics courses, Computer Science courses, Humanities and Behavioral Sciences courses, Natural Science or Engineering courses and participate in Interprofessional Projects (IPRO).

ACADEMICS

Average class size in required business courses:

36

Average class size in business electives:

14

Class size:

Classes with fewer than 20 students: 46  %
Classes with 21 to 50 students: 54  %

CURRICULUM

Electives added current year:

Consumer Behavior

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

2008

Leading areas of study:

Entrepreneurship

Finance

Human Resource Management

International Business

Marketing

Special programs for business students:

Guaranteed M.B.A. Admission Program; Business Honors Law Program; the Entrepreneurship Program inculcates an entrepreneurial mindset among students, faculty, staff, alumni and business and civic organizations; Interprofessional Projects (IPRO) and Entrepreneurial Professional Project Programs (EnPRO) develop communication, project management, teamwork and leadership skills within the framework of a multidisciplinary team project; IIT Leadership Academy enables students to improve their personal effectiveness and professional leadership skills.

Business program offers work study or co-op opportunities:

Yes

Federal Work Study (FWS) is available; Co-operative Education (coop) and Internship Programs are available.

Business program offers study abroad opportunities:

Yes

Study abroad program description:

A formal study aboard undergraduate business program is available to students at partner universities in Germany, Mexico and Singapore. Business students may study abroad at other institutions whose curriculum is approved by the university.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

On- and off-campus volunteer and community service opportunities are available to business students, including, but not limited to, tutoring, chaperoning field trips, assisting at athletic events, organizing parties and activities, beautifying the community and troubleshooting computer issues.

Business clubs and extracurricular activities:

The Innovation & Entrepreneurship Academy (IEA)
Undergraduate Business Council (UBC)
IIT Office of Student Activities fosters learning experience for all students in areas of intellectual personal and social development that occur beyond the classroom and offer extensive co-curricular opportunities

FACULTY

Faculty:

Full-time faculty : 11
Adjuncts and visiting faculty: 5

Prominent faculty:

Suzanne Mueller
John R Twombly
Elizabeth J Durango-Cohen

STUDENT LIFE

Largest on-campus organizations for business students:

The Innovation & Entrepreneurship Academy (IEA)
Undergraduate Business Council (UBC)

Freshmen are required to live on campus:

Yes

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

Installed robust Local Area Network; 264% increase in Internet bandwidth; 500% increase in wireless coverage; established refresh cycle for computer lab hardware; redesigned/ upgraded Blackboard online course management system; 33% increase in operational hours of administrative systems; installed Enterprise Resource Planning system; installed network infrastructure, wireless access and audio visual systems in classrooms; implemented Network Access Control and intrusion detection/prevention system; deployed Virtual Private Network; established Wide Area Network.

Trading laboratory available:

Yes

ALUMNI

Total number of undergraduate business program graduates since inception:

2,332

Total living alumni:

2,104

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

5  %

Mean alumni gift 2007-08:

$  430

Median alumni gift, 2007-08:

$  100

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

No

Prominent alumni:

Name: John Calamos
Title: Founder/Chairman/CEO/Co-Chief Investment Officer, Calamos Asset Management, Inc.
Name: Frank Brod
Title: Corporate Vice President/Chief Accounting Officer, Microsoft Corporation
Name: Thomas R. Donovan
Title: Chairman, Quantum Crossings, LLC; Former President/CEO, Chicago Board of Trade

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

33  %

Seeking full-time employment in business: 83  %
Not Seeking full-time employment in business: 17  %

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

130

Other activities and services provided for business majors:

The Career Management Center (CMC) offers a wide variety of activities and services to undergraduate business majors, including one-on-one career counseling, campus-wide Career Fairs, workshops, mock interviewing and a Certified Candidate Program. CMC also coordinates job postings and recruiting opportunities for all majors.

Job offer results, 2008 graduates:

Received first job offer by graduation: 60  %
Received first job offer in three months following graduation: 20  %
Received first job offer more than 3 months after graduation: 20  %
Accepted first job offer by graduation: 60  %
Accepted first job offer in three months following graduation: 20  %
Accepted first job offer more than 3 months after graduation: 20  %

Top hiring firms:

Graduate compensation:

Mean base salary: $  43,100
Median base salary: $  49,000

Grads accepted jobs in following functional areas:

Grads accepted jobs in following industries:

Percentage of job acceptances, US and Canada:

US: 100  %

Grads accepted jobs in the following US regions:

Midwest: 80  %
West: 20  %

Internship postings on job boards, previous academic year:

36

Top internship recruiters, 2007-08:

Percentage of internships that were paid, previous academic year

100  %

Mean internship compensation per week:

$  599

Median internship compensation per week:

$  573

Average internship, in weeks:

16