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Undergraduate Profile Publish Date 05/27/12

University of Iowa

Tippie College of Business

  • Program Basics

      • AACSB accredited: Yes

    • Accreditation other than AACSB:

      • N/A
      • N/A
      • N/A
      • N/A
      • Year in which the undergraduate business program was founded: 1858
      • Institution: Four Year
      • Business Program: Three Year

  • SCHOOL BASICS

    • Enrollment:

      • Total undergraduate: 21,565
      • Full-time undergraduate business: 2,222
      • Part-time undergraduate business: 104
      • Distance undergraduate business: 10
      • College or university freshman retention rate: 86 %

    • Percentage of students who graduate from the business program:

      • Within four years of admission to the university: 83 %
      • Within six years of admission to the university: 99 %

    • Undergraduate Business Degrees Offered:

      • BBA/Bachelor of Business Administration
      • N/A
      • N/A
      • N/A
      • N/A
      • N/A
      • N/A

  • PROGRAM COSTS

      • Annual Tuition (Resident): $6,436.00
      • Annual Tuition (Non-Resident): $23,770.00
      • Annual Required Fees: $1,480.00
      • Annual Room and Board: $8,750.00
      • Annual Cost of Books: $1,090.00

  • CLASS PROFILE

    • Students in newest entering class that are:

      • Female: 39 %
      • International: 19 %

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

      • Mean: 21
      • Median: 20

    • Percentage of newest entering class:

      • Top 10% of high school class: 26 %
      • Top 25% of high school class: 59 %
      • GPA of 3.75 or higher: 41 %
      • GPA of 3.5 to 3.74: 24 %

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

      • Mean: 1170
      • Median: 1140

    • Middle 50% range of SAT scores (1600 scale):

      • From: 1140
      • To: 1270

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

      • Mean: 26
      • Median: 26

    • Middle 50% range of ACT scores:

      • From: 26
      • To: 28

    • Citizenship breakdown for newest entering class:

      • US: 81 %
      • Canada: 0 %
      • Other Non-US Citizens: 19 %
      • Unknown Citizenship: 0 %

    • U.S. citizens in newest entering class:

      • African American: 1 %
      • Asian American: 2 %
      • Hispanic or Latino American: 4 %
      • Multiethnic/Multiracial: 0 %
      • Native American: 0 %
      • White (Non-Hispanic): 86 %
      • Chose not to report: 7 %
      • Other: 0 %

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

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

  • ADMISSIONS - Getting Into the Institution

    • Standardized tests required of all applicants:

      • ACT or SAT
      • N/A
      • N/A
      • Interviews are: Not required

    • Application deadlines:

      • Fall 2012 4/1/2012
      • Spring 2013 11/15/2012
      • Summer 2013 4/1/2013
      • Fall 2013 4/1/2013
      • Additional application requirements: Int: iBT=80, subscores>=17; PBT=530. Eng prof exam if TOEFL <100 on iBT, <600 PBT. SAT/ACT not required if non-US HS grad, can be used to satisfy Eng Lang Req. Trans: min 24 sh & 2.50 GPA, no credit grades below D. Max 60 sh from 2-yr school.
      • Total undergraduate applicants, all programs: 18,939
      • Percentage of applicants admitted: 80 %
      • Percentage of admitted applicants who enrolled: 30 %
      • International applicants: 17 %
      • Female applicants: 39 %

    • 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 - Getting Into the Business Program

      • Undergrad business program admissions are managed by: The university admissions office
      • Total undergraduate business applicants: 1,624
      • Percentage of applicants admitted: 86 %
      • Percentage of admitted applicants who enrolled: 58 %
      • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: No
      • What exam other than SAT/ACT is required?: N/A
      • Admissions interviews for the undergraduate business program are: By invitation only

    • Freshman admission:

      • Does the business program admit freshmen?: Yes
      • Percentage of business program admits in most recent entering class who were freshman: 41 %
      • Are freshman business admits required to complete or obtain minimum GPAs in pre-business courses before taking upper-level courses? No
      • Process for freshmen admission?: Indicate interest on university application
      • Additional application requirements for freshman admits: Students can submit a personal statement and list of academic and extracurricular honors and achievements that may be used in business program admission decisions.

    • Internal transfers:

      • Method for handling internal transfers: Separate application
      • Minimum college GPA for internal transfers to the business program: 2.75
      • Additional application requirements, including course/grade requirements: 12 graded credits and prerequisites (calc, stats, microecon, fin acct) with grades >=C and prerequisite, University, and cumulative GPAs of >=2.75. Scored personal statement and resume. No Honor Code violations.

  • CAMPUS LIFE

    • Five largest on-campus organizations for business students:

      • Women in Business
      • Beta Alpha Psi
      • Alpha Kappa Psi
      • HawkTrade
      • Delta Sigma Pi
      • Are freshmen required to live on campus?: No
      • 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:

      • BBA 120
      • N/A N/A
      • N/A N/A

    • Other requirements for the undergraduate business degree

      • 48 sh business (24 sh in residence), 60 sh nonbusiness, 30 sh in residence after admission, and 2/3 major earned in residence. 2.00 GPA required in University, cumulative, University and cumulative business, University and cumulative major GPAs.

  • ACADEMICS

    • Average class size:

      • Required business classes: 67
      • Business electives: 34
      • Non-business electives: 79

    • Percentage of business classes:

      • With 20 or fewer students: 15 %
      • With 21 to 50 students: 65 %
      • With more than 50 students: 20 %

    • Course enrollment:

      • Percentage of required business courses reaching maximum enrollment by the first day of class: 1 %
      • Percentage of required business courses with waiting lists: 0 %

  • CURRICULUM

    • Electives:

      • Available business electives: 111
      • New electives: Understanding Accounting Measures, Advanced Venture Finance,
      • Last curriculum overhaul: 2012
      • Total business faculty: 157
      • Percentage of the total faculty that is tenured or tenure track: 27 %

    • Most prominent faculty:

      • Erik Lie
      • Michael Mount
      • Gary Russell

    • Business program's leading areas of study:

        • Accounting
        • Entrepreneurship
        • Finance
        • Marketing
        • Human Resource Management
      • Other leading area of study: N/A
      • Special programs: Business Student Ambassadors; Career Leadership Academy; Certificates in Entrepreneurship, International Business, Leadership, and Risk Management and Insurance; CIMBA program in Italy; Institutes in Entrepreneurship, Finance, Leadership, and Marketing; Honors; Judicial Board; Krause Fund; Living Learning Community; London Program; Summer internships in London, Paris, Madrid, Dublin, and Hong Kong; National conferences and competitions; Tippie Senate; Tippie’s 21 under 21; Vaughn Scholars.
      • Study abroad programs: Winter London Program; Summer internship programs in London, Paris, Madrid, Dublin, and Hong Kong; International Perspectives Program; Consortium of Universities of Management and Business Analysis (CIMBA) Study Abroad Program in Italy; Corvinus University (Budapest); the École Supérieure de Commerce in Amiens (France); Frankfurt Exchange Program (Germany); American College of Thessaloniki Exchange (Greece); Tilburg University Exchange (Netherlands); Vienna Exchange (Austria).
      • Volunteer opportunities: Opportunities for volunteer work and community service are primarily available through student organizations. Collegiate examples include: Tippie Build (Habitat for Humanity Project), tax preparation for low income individuals and families (VITA), and youth entrepreneurship programs. University examples include: Dance Marathon, Children’s Miracle Network (UI Hospitals and Clinics). Community examples include: Ronald McDonald House, Wesley Center (free lunches), Big Brothers/Big Sisters.

    • Extra-curricular activities:

      • Eller (Arizona) Ethics Competition, Fisher (Ohio State) Biz Quiz, Kelley (Indiana) Diversity Competition,
      • Alpha Kappa Psi, American Marketing Association, Arts Enterprise, Beta Alpha Psi, Beta Gamma Sigma,
      • Business Technology Association, Business Student Ambassadors, Delta Sigma Pi,
      • Financial Management Association, Gamma Iota Sigma, Greater China Business Association,
      • Hawkeye Sports Business Association, HawkTrade, I-Envision: Iowa Entrepreneurial Network,
      • Iowa Retail Association, Multicultural Business Student Association,
      • Phi Beta Lambda, Society for Human Resource Management, Students in Advertising,
      • Tippie Optimist Chapter, Tippie Real Estate Club, Tippie Senate, Women in Business

  • FINANCIAL AID

    • Scholarships

      • Scholarship money distributed to business students last year: $12,867,194.00
      • Expected scholarship distribution to business students this year: $12,977,861.00
      • Scholarships are awarded to business students based on: a combination of need and merit
      • Other criteria for scholarship consideration: Declared major, minor, or certificate; membership in specific student organizations; year in college; gender; demonstrated community service; resident status, and preferences for residents of certain geographical locations.
      • Students receiving institutional scholarships in the current academic year: 43 %
      • Students receiving full-tuition institutional scholarships in the current academic year: 11 %
      • Institutional scholarship money distributed to undergraduate business students based on need: 35 %
      • Institutional scholarship money distributed to undergraduate business students based on merit: 65 %

    • Loans

      • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
      • Mean outstanding debt, most recent graduating class: $25,498.00

  • CAREER SERVICES

    • Employment Information

      • Percentage of most recent business graduates who supplied information regarding employment: 81 %
      • Percentage seeking full-time professional employment in business: 89 %
      • Percentage not seeking full-time professional employment in business: 11 %
      • Companies recruiting business students on campus: 390
      • Companies posting job offers for business students on school job boards: 1,063

    • Top employers (number of students hired):

      • PricewaterhouseCoopers 9
      • Wells Fargo 9
      • Cerner Corporation 8
      • Principal Financial Group 7
      • PepsiCo 7
      • Target 7
      • Deloitte 6
      • Northern Trust Bank 6
      • Bank of the West 5
      • CDW 5
      • Coyote Logistics 5
      • FactSet Research Systems 4
      • Northwestern Mutual Insurance 4
      • Union Pacific Railroad 4
      • Accenture 4

    • Compensation

      • Mean base salary: $44,302.00
      • Median base salary : $42,000.00
      • Mean signing bonus: $5,618.00
      • Median signing bonus: $3,000.00

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

      • Consulting: 4 %
      • Finance/Accounting: 41 %
      • General Management: 9 %
      • Human Resources: 3 %
      • Management Information Systems: 4 %
      • Marketing/Sales: 29 %
      • Operations/Production: 2 %
      • Logistics/Transportation: 5 %
      • Other: 3 %

    • Most recent graduates accepted jobs in the following industries:

      • Accounting: 9 %
      • Consumer Products/Retail : 11 %
      • Consulting: 9 %
      • Financial Services: 32 %
      • Government/Education: 7 %
      • Pharma/Biotech/Health: 1 %
      • Manufacturing: 1 %
      • Media/Entertainment: 11 %
      • Petroleum/Energy: 1 %
      • Real Estate: 1 %
      • Sports/Leisure: 2 %
      • Technology/Science: 2 %
      • Non-Profit: 3 %
      • Transportation: 7 %
      • Utilities: 1 %
      • Other: 2 %

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

      • US: 100 %
      • Canada: 0 %

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

      • Northeast: 3 %
      • Mid-Atlantic: 1 %
      • Midwest: 90 %
      • South: 1 %
      • Southwest: 3 %
      • West: 2 %
      • Possessions and territories: 0 %
      • Career services offered: On-campus and virtual internship and career fairs with individual fairs offered for management, marketing, sales, and international opportunities; on-campus recruiting; career advising for domestic and international job opportunities; resume and cover letter evaluation; mock interviews; skills workshops; mentoring opportunities; leadership academy; job search and career development courses; employer relations consultation and development, and alumni career webinars.

  • INTERNSHIPS

      • Companies recruiting business students for internships on campus: 330
      • Companies posting internship offers for business students on school job boards: 818

    • Top internship employers (number of students hired):

      • Transamerica/Aegon 29
      • McGladrey & Pullen 8
      • Merritt Research Services 8
      • PricewaterhouseCoopers 7
      • Aviva, USA 6
      • Deloitte 6
      • McGladrey 5
      • Northwestern Mutual Insurance 5
      • 2nd Story Software 4
      • Ernst & Young, LLP 4
      • Pearson 4
      • Rockwell Collins 4
      • Young Entrepreneurs Across America 4
      • HNI Corporation 3
      • Integrated DNA 3

    • Internship pay

      • Internships that are paid: 51 %
      • Mean compensation, per week, for paid internships only: $539.00
      • Median compensation, per week, for paid internships only: $480.00
      • Average internship length, in weeks: 10

  • B-SCHOOL ALUMNI

      • Total number of undergraduate business program graduates since inception: 46,402
      • Total living alumni of the undergraduate business program: 39,727
      • Percentage of living alumni who contributed to the business program or university in the last academic year: 10 %

    • Alumni gifts

      • Mean Gift: $1,225.00
      • Median Gift: $150.00
      • Did the business program receive a gift of $10 million or more in the last academic year? No
      • Donor and Amount: N/A

    • Prominent alums of the undergrad business program

      • Tom Kloet CEO, Toronto Stock Exchange
      • Steve Rasmussen CEO, Nationwide Insurance
      • Laura Desmond CEO, Starcom MediaVest Group Worldwide

Getting In

B-School Life

Finding a Job

Paying the Bills