UNDERGRADUATE Profiles Publish Date 2/26/09

University of Iowa

Tippie College of Business

Getting In

PROGRAM BASICS

Undergraduate Program

108 John Pappajohn Business Bldg., Ste. C140
Iowa City , Iowa 52246

Public Institution

Web site

http://www.biz.uiowa.edu/upo

Program e-mail address:

business-undergrad@uiowa.edu

Program telephone number:

(319) 335-1037

AACSB accredited:

Yes

Year in which the undergraduate business program was founded:

1858

Length of entire institution:

Four Year

Business program length:

Two Year

Degrees offered:

Degree/Program Name:
BBA Bachelor of Business Administration

PROGRAM COSTS

Annual Tuition (Resident):

$ 6,662

Annual Tuition (Non-Resident)

$ 20,776

Books:

$ 1,040

Room and board:

$ 7,673

ENROLLMENT

Full-time undergraduate business student enrollment:

2,155

Part-time undergraduate business student enrollment:

148

Distance undergraduate business student enrollment:

Total College enrollment for 2008-09:

30,561

ADMISSIONS

Interviews for entire college:

Not offered

Additional application requirements for entire college:

The Toefl test is required for international students.

Upcoming application deadlines for entire college:

Semester: Fall 2009
Deadline: 04-01-2009
Semester: Spring 2010
Deadline: 11-15-09
Semester: Summer 2010
Deadline: 04-01-2009

Freshmen admitted into business program:

Yes

Percentage of business students admitted as freshmen:

15 %

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

Internal transfers handled by:

Separate application

Minimum requirements for business program:

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

Interview to enter business program:

Not offered

Additional application requirements for freshman admits:

N/A

Minimum college GPA for internal business program transfers:

275

Additional requirements for internal transfers:

Accelerated Admission: completion of calculus, statistics, and either microeconomics or macroeconomics with a 2.75 or higher GPA in all prerequites taken, University of Iowa courses, and all courses taken.C minimum on all prereq courses. or Standard Admission: completion of 60 semester hours, 2.75 in all prerequisites, all courses taken at the University of Iowa, and all courses taken. C minimum on all prerequisite courses. All applicants must have no violations of the Tippie College of Business Honor Code.

Total number of full-time applications for entire college:

15,582

International applicants, entire college, 2008-09:

7 %

Female applicants, entire college, 2008-09:

53 %

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

82 %

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

33 %

Relative Importance of Application Elements:

Secondary School Record:

Very Important

Class Rank:

Very Important

Talent/Ability:

Not Considered

Interview:

Not Considered

Extracurricular Activities:

Not Considered

Volunteer Work:

Not Considered

Character/Personal Abilities:

Considered

Application Essay:

Not Considered

Work Experience:

Not Considered

SAT/ACT Scores:

Very Important

Recommendations:

Considered

High School GPA:

Very Important

Admissions program managed by:

The university admissions office

Total undergraduate business program applicants, 2008-09:

1,935

Applicants enrolled in undergrad business program 2008-2009:

73 %

Applicants admitted to undergraduate business program, 2008-09:

83 %

CLASS PROFILE

Class Profile:

Female: 34 %
International : 9 %

Entering students by age:

Mean: 21
Median: 20

Citizenship of Entering Students

U.S.: 97 %
Canada: 0 %
Other countries: 3 %
Unknown: 0 %

Percentage of US citizens in entering class who are:

African American: 1 %
Asian American: 4 %
Hispanic or Latino American: 2 %
Multiethnic/Multiracial : 0 %
Native American: 0 %
White (Non-Hispanic): 91 %
Chose not to report: 2 %
Other: 0 %

Entering students from the following region:

Northeast: 0 %
Mid-Atlantic: 0 %
South: 0 %
Southwest: 0 %
Midwest : 99 %
West: 1 %
Possessions and territories: 0 %

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

Mean: 1194
Median: 1190

SAT middle 50% range on 1600 scale:

From: 1,110
To: 1,280

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

22 %

Top 25% of high school class:

52 %

HS GPA of 3.75 or higher

42 %

HS GPA of 3.5 to 3.74:

25 %

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:

$ 3,758,927

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

$ 3,946,873

Scholarships awarded to students in the business program based on:

A combination of need and merit

Scholarship consideration process:

As part of the admissions application

Other scholarship considerations:

N/A

Students receiving institutional scholarships for 2008-09 academic year:

41 %

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

8 %

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

43 %

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

57 %

School offers guaranteed loans:

Financial aid web site

http://www.uiowa.edu/financial-aid

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

83 %

Business students who graduate within 6 years:

99 %

Freshman retention rate:

83 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: 120

Other degree requirements:

The BBA degree requires: a minimum of 120 s.h. of credit, including at least 48 s.h. earned in business courses, at least 60 s.h. earned in nonbusiness courses, 30 s.h. earned after admission to the College, at least 24 s.h. in courses offered by the business college, and at least two-thirds of the semester hours in the student's major must be earned at The University of Iowa. To graduate, B.B.A. students must have a cumulative g.p.a. of at least 2.00 in six different areas.

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: 9 %
Classes with 21 to 50 students: 61 %
Classes with more than 50 students: 30 %

Required business courses that reached maximum enrollment by the first day of class, previous academic year:

1 %

Required business courses that had waiting lists, 2007-08:

0 %

CURRICULUM

Number of elective courses available in business program:

115

Electives added current year:

International Perspectives Seminar
Prediction Markets
Supply Chain Management
Asset Pricing
Social Entrepreneurship

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

2004

Leading areas of study:

Accounting

Finance

General Management

Management Information Systems

Marketing

Special programs for business students:

Business Student Ambassadors, Certificates in Entrepreneurship, International Business, and Risk Mgt. and Insurance; Hawkinson Institute; Honors Program; Iowa Center for Research by Undergraduates; Judicial Board; Krause fund; Leadership Community; Leadership Institute; London Program; London Internship; Madrid Internship; National Conference Attendance; Tippie Senate; Student Organizations; Study Abroad Programs; Vaughan Scholars. For more information: http://www.biz.uiowa.edu/upo/opportunities.

Business program offers work study or co-op opportunities:

Business program offers study abroad opportunities:

Yes

Study abroad program description:

Consortium of Universities of Management and Business Analysis (CIMBA) Study Abroad Program in Italy, Corvinus University, the École Supérieure de Commerce in Amiens, Frankfurt Exchange Program, London Program, London Internship Program, Madrid Internship Program, The American College of Thessaloniki, The European Business School, Tilburg University Exchange, Vienna Exchange.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

Opportunities for volunteer work and community service are primarily available through student organizations. Some examples include: Tippie Build (Habitat for Humanity Project), tax preparation for low income individuals and families, and youth entrepreneurship programs.

Business clubs and extracurricular activities:

Alpha Kappa Psi American Marketing Association Beta Alpha Psi
Beta Gamma Sigma Business and Technology Association Business Student Ambassadors
Delta Sigma Pi Economics Forum Financial Management Association Gamma Iota Sigma
I-Envision: Iowa Entrepreneurial Network
Multicultural Business Student Association Phi Beta Lambda Students in Advertising
Tippie Optimist Chapter Tippie Senate Women in Business

FACULTY

Faculty:

Full-time faculty : 66
Adjuncts and visiting faculty: 77
Permanent/tenured professors: 28
Percentage of permanent/tenured professors who are women: 22
Percentage of permanent/tenured professors who are underrepresented minorities: 7
Percentage of permanent/tenured professors who are also members of company boards of directors or of advisors: 18
Percentage of permanent/tenured professors who are business owners: 36

Prominent faculty:

Eric Lie
Jay Sa-Aadu
Sara Rynes

STUDENT LIFE

Largest on-campus organizations for business students:

Delta Sigma Pi
Alpha Kappa Psi
Financial Management Association

Freshmen are required to live on campus:

Business students are grouped in learning communities:

Yes

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

2006 - Moved wireless LAN to central, standardized system - Developed and installed new public kiosk system - Redesigned student services web sites - Implemented Undergraduate Programs Office student advisor touch screen check in process - Purchased 32 tablet PCs for classroom use - Completed 7 additional conference room upgrades to 50” plasma screens - Implemented use of 1000 personal response systems - Reconfigured computer classroom to MIS networking lab 2007 - Added 2 additional conference rooms with 50” plasma screen - Migrated Iowa Electronic Market to newer server software - Implemented a data collection application for AACSB reporting - Replaced a number of lab, staff, faculty computers - Upgraded to Office 2007 in computer lab, conference rooms, and some faculty / staff areas - Implemented digital asset management software to keep track of digital footage for publications - Created / updated an online recruitment application for faculty recruiting - Created a new undergraduate orientation online application 2008 - Created an Undergraduate online orientation application - Replaced a number of lab, staff and faculty computers - Started redesign of web site - Created classroom schedule monitoring system - Added proximity card security system - Set up lecture capture system - Added additional hardware for the University’s Virtual Desktop System - Upgraded Computer labs to Vista Operating System - Created an undergraduate advising scheduling application - Added technology to library study rooms

Trading laboratory available:

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

37,288

Total living alumni:

32,367

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

13 %

Mean alumni gift 2007-08:

$ 1,342

Median alumni gift, 2007-08:

$ 100

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

Prominent alumni:

Name: Tom Kloet
Title: CEO, TSX Group (Toronto Stock Exchange)
Name: Jeff Noodle
Title: Chairman and CEO, Supervalue, Inc.
Name: Karen Alber
Title: VP and CIO, H. J. Heinz Company

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

80 %

Seeking full-time employment in business: 81 %
Not Seeking full-time employment in business: 19 %

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

342

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

872

Other activities and services provided for business majors:

Career Advising, resume and cover letter critiquing, skill workshops, mentoring, mock interviews, leadership academy, job search and career development courses. On-campus recruiting, internships, and field specific career fairs.

Job offer results, 2008 graduates:

Top hiring firms:

Wells Fargo
PricewaterhouseCoopers
International Bus. Machines
Deloitte Touche Tomatsu
JPMorgan Chase & Co.
KPMG LLP
State Farm
Target Corp.

McGladrey Pullen
Principal Financial
Rockwell Collins
Accenture
Northwestern Mutual Financial Network
Aegon
HNI Corporation

Graduate compensation:

Mean base salary: $ 44,209
Median base salary: $ 42,499
Mean signing bonus: $ 4,470
Median signing bonus: $ 2,200

Grads accepted jobs in following functional areas:

Consulting: 8 %
Finance/Accounting: 40 %
General Management: 9 %
Human Resources: 2 %
Management Information Systems: 7 %
Marketing/Sales: 24 %
Operations/Production: 5 %
Logistics/Transportation: 3 %
Other: 2 %

Grads accepted jobs in following industries:

Accounting: 9 %
Consumer Products/Retail: 6 %
Consulting Services: 2 %
Financial Services: 42 %
Government/Education: 5 %
Pharma/Biotech/Health: 3 %
Manufacturing: 10 %
Media/Entertainment: 5 %
Petroleum/Energy: 0 %
Real Estate: 3 %
Sports/Leisure: 1 %
Technology/Science: 7 %
Non-Profit: 1 %
Transportation: 5 %
Utilities: 0 %
Other: 1 %

Percentage of job acceptances, US and Canada:

US: 100 %
Canada: 0 %

Grads accepted jobs in the following US regions:

Northeast: 2 %
Mid-Atlantic: 1 %
Midwest: 86 %
South: 4 %
Southwest: 5 %
West: 2 %
US Possessions/Territories: 0 %

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

238

Internship postings on job boards, previous academic year:

828

Top internship recruiters, 2007-08:

Deloitte Touche Tomatsu
Ernst & Young
Credit Suisse Group
Merrill Lynch
Target Corp.

McGladrey Pullen
Principal Financial
Accenture
BMO Capital
Cerner Corporation
HNI Corporation
Merritt Research
Northwestern Mutual Financial Network

Percentage of internships that were paid, previous academic year

77 %

Mean internship compensation per week:

$ 429

Median internship compensation per week:

$ 375

Average internship, in weeks:

Graduate Comments

The Tippie College of Business combines the resources of a large university with the classroom experience of a small college. In this program, I've had everything at my fingertips, from access to the latest technology to tireless faculty support. Yet my business classes rarely had more than 40 students in them. I couldn't ask for a better college experience.

I like how the business school at Iowa emphasizes following current business news. It was something that I never really did until I was in the business school at Iowa, and something that is important in the real world.

The University of Iowa is located uniquely at the center of all the Federal Reserve banks. Neighboring states alone house four Federal Reserve banks.

The Henry B. Tippie College of Business has faculty and staff who are ready and willing to prepare students for their future. They don't just "talk the talk," they "walk the walk" as well.

The majority of professors (especially in the accounting program) are very passionate about what they do and extremely open and helpful outside of class.

The University of Iowa Tippie College of Business has extremely passionate faculty that care an indescribable amount about your success. They treat you as customers because they are providing a service to you and want to provide the best service possible. It really makes you want to learn. I know that no other university has that attribute. The student organizations are well advertised. They want you to join, and they encourage you to do so year-round. The Pappajohn Business Building is an amazing facility and the access to materials is very easy. The list goes on and on...Iowa rocks.

I believe the Tippie College of Business is amazing at supporting the well-rounded, extremely marketable business student. They encourage you to pursue multiple areas of study, seek out experiential learning opportunities (internships, part-time jobs, service work, extra-curriculars, study abroad, etc.), become ethical business leaders, and to use the skills learned at Iowa to become employees who add value to companies. If I could describe the business school in one word, it would be opportunity. The Tippie School of Business at the University of Iowa gives its students the opportunity to be involved on campus, use their classroom skills in real-world settings, learn from others through its lecture series, and be remarkable students overall.

Few business programs offer risk management and insurance certificates. This will help me find a job in the state of Iowa because the insurance industry is quite large.

The University of Iowa has certificate programs that allow students to supplement their business major with an area that has a high level of specialty. For example, I am getting the international business certificate but there are entrepreneurial certificates, risk management certificates, etc.

In the accounting program, specifically, we have a job fair just for accounting students called "Meet the Firms Night" where 40-plus companies come and give students a chance to distribute resumes and network before partaking in interviews on campus. Before "Meet the Firms Night" groups such as Beta Alpha Psi offer resume workshops and there is an [introductory] class all accounting students have to take that introduce you to the program and the accounting career. This class is very beneficial.

My time spent in the Tippie College of Business has prepared me with the tools I need to be a responsible, knowledgeable, and confident business leader. I am currently looking into going abroad and teaching what I learned about business practices to developing countries, and feel well prepared to do so.

The Tippie College of Business contains students with an immense amount of pride. They wear T-shirts declaring their association with Tippie, they're in Tippie Facebook groups, they have Tippie socials. This is unlike any other college at The University of Iowa. Tippie is its own culture with students who have lots of passion and an outstanding work ethic. They are involved on campus in many different avenues and want to give Tippie a great legacy.

I like the size of our business program here at Iowa. I feel that it has given me the opportunity to get to know classmates and professors on a more personal level.

The ability to instill a hard-working mentality in students is unique. Tippie students are relentless in their course work and job search efforts. This mentality creates an unparalleled rigor that students take to the job market. More importantly it is the administration's ability to instill confidence in students that makes the University of Iowa unique.

The Tippie College of Business does an excellent job of creating a fun atmosphere, while educating some of the most intelligent people on the University of Iowa campus. The resources, business building, and teaching staff are exceptional. It is the best school to be apart of here at Iowa. The business school helps me get involved on campus and creates a wonderful environment at the heart of Iowa City.

The accounting program has an outstanding recruiting system, with all the top accounting firms visiting the campus and sponsoring events. The professors network with top recruiters and introduce the students to them. The interview season for internships and jobs is very well organized and set up. The accounting department provides many different opportunities to network with the top firms.

The Tippie College of Business creates an atmosphere that challenges its students to constantly grow, with approachable professors who are always willing to get involved. This past semester my business organization created an event to support another student organization's goal of raising money to build a house for a local family after the flood. The event was a Faculty Grill-Off and all three deans of the college of business as well as several faculty members from each department came out to grill or judge. That feeling of community and support makes the Tippie College of Business unique.

We have some really great student organizations and our entrepreneurial program is one of the best I've ever been in. I really started enjoying my teachers once I got into my upper-level classes, and they were always there willing to give advice from their personal experiences and the like.

The connection between the professors and students has been by far the best experience for me. I can just go to various offices and talk about the subject they teach and just have a great time. The teaching staff here really has made my experience great at Iowa.

The Early Admissions Program (EAP), which is now known as the Tippie Scholars [makes the program unique]. I was admitted to the program my freshman year and it allowed me entry into the business program as a freshman instead of applying at the end of my sophomore year. It is for bright students coming out of high school and allows them all the privileges of being in the Tippie College of Business. It was one of the determining factors in my decision to go to the University of Iowa.

The Tippie College of Business is run much like a graduate college, even at the undergraduate level. There are strict standards to get accepted into the college, but once you are in, the focus is on getting you the greatest education possible. Most, if not all, classes are focused on group projects, and more emphasis is put on class discussion and participation than simply exam grades. This forces everyone to be on top of their game, both professors and students, during each class period. Most students read periodicals such as the Wall Street Journal and the Financial Times daily in order to keep up with current events. In classes, we discuss what is going on in the economy and learn about real fundamentals of economics, rather than simply theory.

I think that the weakest point of this business college is the Foundations of Business class that everyone is forced to take. It is just plain awful. It's supposed to teach business ethics and etiquette and speaking skills, but it simply falls short. It seems like an afterthought that no one's willing to clean up. I don't know a single person that feels this course provided them anything valuable to their learning.

Tippie has a good mix of programs, but some are weaker than others. Accounting and finance are strong points, marketing and management majors are in the middle, and MIS seems neglected. Joining Alpha Kappa Psi was nice as I always know people in my classes. The classes could still be much smaller. I expected classes of 20 or less for my major specific classes, but all of them seem to have 40 to 50 still. Overall, I am proud to graduate from Iowa. It's a very solid all around education. Marketing majors such as myself have to do extra legwork if they want actual "marketing" jobs.

If you can survive the weather conditions at the University of Iowa, you can survive anything, especially any sort of extreme business situation. During four years in Iowa City, I have experienced a devastating flood, a disastrous tornado, and an earthquake!