University of Maryland

Program Basics

• • Robert H. Smith School of Business Undergraduate Program
  • Robert H. Smith School of Business
  • 1570 Van Munching Hall
  • University of Maryland
  • College Park, 20742, Maryland
  • United States
  • Program Web site: http://www.rhsmith.umd.edu/undergrad
  • Program e-mail address: um-admit@umd.edu
  • Program phone number: 8004225867
  • Status: Public (state-operated)
• • AACSB accredited: Yes
• • Year in which the undergraduate business program was founded: 1921
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Institution's total undergraduate enrollment: 26,922
  • Undergraduate business program's full-time enrollment: 2,680
  • Undergraduate business program's part-time enrollment: 55
• • Freshman retention rate for your college or university?: 95 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 74 %
  • Within six years of admission to the university: 91 %

• Undergraduate Business Degrees Offered:

  • Degree Offered (e.g. BA, BS)/Program Name: BS

PROGRAM COSTS

• • Annual Tuition (Resident): $6,763.00
• • Annual Tuition (Non-Resident): $23,178.00
• • Annual Required Fees: $1,653.00
• • Tuition Per Academic Credit (Resident): $282.00
• • Tuition Per Academic Credit (Non-Resident): $966.00
• • Annual Room and Board: $9,599.00
• • Annual Cost of Books: $1,076.00

CLASS PROFILE

• Students in newest entering class (2010-2011) that are:

  • Female: 33 %
  • International: 2 %

• Mean and Median age of full-time business students in the 2010-11 entering class:

  • Mean: 18

• Percentage of 2010-11 entering class:

  • Top 10% of high school class: 33 %
  • Top 25% of high school class: 58 %
  • GPA of 3.75 or higher: 72 %
  • GPA of 3.5 to 3.74: 19 %

• SAT scores for the 2010-11 entering class of full-time undergraduate business students:

  • Mean: 1360

• Middle 50% range of SAT scores:

  • From: 1280
  • To: 1440

• Citizenship breakdown of 2010-11 entering class:

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

• US Citizens in 2010-11 entering class:

  • African American: 5 %
  • Asian American: 20 %
  • Hispanic or Latino American: 2 %
  • Multiethnic/Multiracial: 3 %
  • White (Non-Hispanic): 64 %
  • Chose not to report: 6 %

• Regional breakdown of US Citizens in 2010-11 entering class:

  • Northeast: 34 %
  • Mid-Atlantic: 63 %
  • South: 1 %
  • Southwest: 1 %
  • Midwest: 1 %

ADMISSIONS - Getting Into the Institution

• Which standardized tests are required of all applicants?:

  • SAT
  • ACT
• • Minimum SAT score on 1600 scale (if applicable) required for admission: 1300
  • Minimum ACT Score (if applicable) required for admission: 29
  • Minimum High School GPA (if applicable) required for admission: 3.2
  • Are interviews required?: Not offered

• Application deadlines for the 2011-2012 academic year

  • Fall Priority 11/01/2010
  • Fall 01/20/2011
  • Spring 12/01/2011
• • Additional application requirements: International: English Proficiency Test
• • Total number of full-time undergraduate applications (admitted and denied) to all programs: 34,271
• • Percentage of applicants admitted: 45 %
• • Percentage of admitted applicants who enrolled: 40 %
• • Percentage of college applicants (admitted and denied) for the 2010-11 academic year who were female: 33

• Relative Importance of Application Elements

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

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The university admissions office
  • Total number of applicants (admitted and denied) to the undergraduate business program for the 2010-11 academic year: 5633
  • Percentage of applicants admitted to the program (selectivity)?: 22 %
  • Percentage of admitted applicants who enrolled (yield): 42 %

• Admission requirement for admission to the undergraduate business program

  • Minimum SAT: 1300
  • Minimum ACT: 29
  • Minimum high school GPA: 3.2
• • 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
  • Are business students admitted to the program as freshmen required to complete or obtain minimum GPAs? Yes
  • Process for freshmen admission?: Indicate interest on university application

• Internal transfers:

  • Method for handling internal transfers: Separate application
  • Minimum college GPA for internal transfers to the business program: 3.0
  • Additional application requirements, including course/grade requirements: All students applying for admission to BMGT as transfer students—whether internal transfers already enrolled at UMCP or external transfer students entering the university for the first time—will be subject to competitive admission for a limited number of spaces. To be considered for admission, applicants must complete the following requirements: * Minimum 3.0 cumulative GPA * Minimum junior standing * Completion of 50% of lower-level university core requirements * Completion of Gateway courses, all with "C" orbetter: o BMGT 220 & 221 Principles of Accounting I & II o ECON 200 & 201 Principles of Micro- & Macro-Economics o ENGL 101 Introduction to Writing o MATH 220 or 140 Calculus I o BMGT230 or231 Business Statistics *Co-curricular involvement, leadership experience and honors and awards will also be considered in theadmission decision. Students are strongly encouraged to submitwith their applications a resume and letter detailing their accomplishments and experience.

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • American Marketing Association
  • Alpha Kappa Psi
  • Finance Banking and Investment Society
  • Supply Chain Management Society
  • Accounting and Business Association
• • 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:

  • BS 120

• Other requirements for the undergraduate business degree

  • University CORE General Education Requirements and a minimum of 58 credit hours of the required 120 hours must be in 300-400 (upper) level courses. Additional Smith School of Business degree requirements are program specific.

ACADEMICS

• • Average class size in required business classes, excluding those offered in electronic format: 37

CURRICULUM

• Electives:

  • Names of new electives that have been added to the business program in the current academic year: BMGT488V Special Topics in Logistics, Business, and Public Policy: Transformative Action: Effective Models for Social Change
• • In what year was the last major change or significant overhaul to the business program's core curriculum?: 2005
  • Total number of faculty currently teaching in the undergraduate business program: 144
  • Percentage of the total faculty that is tenured or tenure track: 70 %

• Most prominent faculty:

  • Roland T. Rust
  • Albert Pete Kyle
  • Michel Wedel

• Business program's leading areas of study:

  • • Accounting
    • Finance
    • Marketing
    • Entrepreneurship
    • Supply Chain Management

• New electives added in current academic year:

  • BMGT488V Special Topics in Logistics, Business, and Public Policy: Transformative Action: Effective Models for Social Change
  • BMGT488W Special Topics in Logistics, Business, and Public Policy: Social Innovation Practicum
  • BMGT458Q Special Topics in Marketing: Computer Graphics Workshop

• Special Programs:

  • Special programs available to business students: Programs include entrepreneurship, financial services, financial markets, emerging CFOs, accounting teaching scholars, Senbet Investment Fund, research fellows, Smith Technology fellows, business process fellows, QUEST, business honors, supply chain mgmt fellows, sport management fellows, design and innovation in marketing fellows, music management fellows, accelerated finance fellows, and technology and business transformation fellows

• Work study:

  • Does the business program offer work study or co-op opportunities?: No
  • Opportunities available for work study or co-op: Internships for academic credit offered in the summers only; in addition, many students complete internships not for credit. COOP opportunities are generally offered to supply chain and information systems majors. Many students participate in work study employment within the Smith School--and at the university--serving administrative and faculty offices. Smith Research fellows and Smith technology fellows earn compensation working with faculty on research and classroom projects.

• Study abroad:

  • Does the business program offer opportunities to study abroad?: Yes
  • Study abroad programs: Business students participate in the university's semester and short-term study abroad programs as well as in business school bilateral exchanges, primarily in summers and winter-term. Business honors students and other fellows programs have dedicated winter-term faculty led trips offered each year.

• Volunteer opportunities:

  • Are opportunities for volunteer work and community service available to business students?: Yes
  • Available opportunities for volunteer work and community service: Students volunteer through membership in Smith-sponsored student organizations and programs. The Smith Undergraduate Association has a community service committee. the Freshmen Fellows colloquium focuses on corporate social responsibility and service. Students also contribute tutoring and special programming for area high school students through the Smith STARS program outreach to low-income and minority students.

• Extracurricular activities:

  • Business-related clubs and extra-curricular activities are available to undergraduate students: The Smith School sponsors 23 student organizations and 6 special committees organized through the Smith Undergraduate Students Association.
  • Clubs and committees organize events and activities, including an annual freshmen convocation, school-wide career fair, etc.
  • The various fellows programs all entail a portfolio of co-curricular activities and events, including mentor programs, freshmen fellows dinner club, field trips and site visits and special speaker series.
  • The Dingman Center for entrepreneurship hosts numerous activates, such as Pitch Dingman luncheons, the Cupids Cup entrepreneurship competition, and business plan competitions in Asia to which undergrads contribute.

FINANCIAL AID

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

• Scholarships

  • Total scholarship money distributed to undergrad business students through the financial aid office: $5,664,002.00
  • Total scholarship money expected to be distributed to undergrad business students through the financial aid office: $5,441,022.00
  • On what basis are scholarships awarded to students in your business program?: a combination of need and merit
  • Percentage of undergraduate business students receiving institutional scholarships or grants for the 2010-11 academic year: 37 %
  • Percentage of undergraduate business students receiving FULL-TUITION scholarships for the 2010-11 academic year: 2 %
  • Percentage of institutional scholarship money distributed to undergraduate business students based on need: 21 %
  • Percentage of institutional scholarship money distributed to undergraduate business students based on merit: 79 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt among 2010 undergraduate business program graduates: $20,808.00

CAREER SERVICES

• Employment Information

  • Percentage of 2010 graduates from the business program for whom you have information regarding employment: 66 %
  • Percentage seeking full-time professional employment in business: 97 %
  • Percentage not seeking full-time professional employment in business: 3 %
• • Number of companies that recruited undergraduate business students on campus: 113
  • Number of companies that posted full-time job offers for undergraduate business students on school job boards: 314
  • Other activities and services: The office of Career Services provides a variety of career information panels and workshops as well as networking events for all years and all business majors.

• Job Offers

  • Received first job offer by graduation: 55 %

• Firms that hired the most 2010 undergrad business majors for full time jobs

  • Price Waterhouse Coopers 21
  • Deloitte and Touche 15
  • KPMG 13
  • Ernst & Young 10
  • Lockheed Martin 8
  • Accenture 6
  • McGladrey & Pullen 5
  • Bank of America/Merrill Lynch 4
  • Nothrop Grumman 4
  • Capital One 3
  • Citi 3
  • Fannie Mae 3
  • IMB Corp 3
  • Pepsi Co. 3
  • Reznick Group 3

• Compensation

  • Mean base salary: $50,529.00
  • Median base salary : $53,000.00

• Percentage of 2009-10 academic year graduates who accepted jobs in the following industries:

  • Accounting: 42 %
  • Consumer Products/Retail : 2 %
  • Consulting: 16 %
  • Financial Services: 18 %
  • Government/Education: 11 %
  • Pharma/Biotech/Health: 1 %
  • Manufacturing: 3 %
  • Sports/Leisure: 1 %
  • Technology/Science: 2 %
  • Non-Profit: 2 %
  • Other: 2 %

• Percentage of 2009-10 academic year graduates who accepted jobs in North America:

  • US: 100 %

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

  • Northeast: 17 %
  • Mid-Atlantic: 79 %
  • Midwest: 2 %
  • West: 2 %

INTERNSHIPS

• • Number of companies that recruited internship-seeking undergraduate business students on campus in 2009-10 academic year: 49
  • Number of companies that posted internships for undergraduate business students on school job boards in 2009-10 academic year: 215

B-SCHOOL ALUMNI

• Prominent alums of the undergrad business program

  • Bob Basham Co-Founder, Outback
  • Chris Kubasik President and COO, Lockheed Martin
  • Kevin Plank CEO and Chairman of Board, Under Armour

• • -The business school's focus on real-life skills and teamwork as opposed to book knowledge [makes it unique]. In addition, there are many extracurricular opportunities offered by the school, such as the QUEST or Dingman programs, which allow students to practice their skills in real-life situations.
    
    -I think that the leadership opportunities and lack of hierarchy in our school make it unique. During my time at Smith, I have been able to work with all different faculty and staff, and even the dean of our school. In addition, I have been given countless opportunities to represent Smith, Maryland, and other students through the business clubs, business school student government, and case competition.
    
    -It is in an ideal location for students to be recruited and use the resources of Washington, D.C. to learn. It has excellent professors who do extensive research that students can use to their advantage.
    
    -The Robert H. Smith School of Business strives to create students prepared for the working environment. A number of professors are not academics, but instead they have real world experience in the topics they are discussing. Courses focus on team work and being able to handle the stress of a real working environment. Many professors try to think out of the box in the exercises and assignments they have the students work on. The facilities are great, but the course work is what makes Maryland's business school unique.
    
    -The Smith School has many unique offerings; our fellows programs give us true industry insights. The CEO@Smith speaker series gives insights into the career paths of top CEOs in the country. The Smith Undergraduate Student Association is a unique model of government that provides many opportunities and is a feedback loop for continuous improvement in the undergraduate program. Overall, our professors are amazing and connect with us on a personal level. We have a tight community in the business school, which allows for lasting alumni relationships. Lastly, we are making more and more efforts to connect with the Washington, D.C. area, such as our nonprofit consulting program and holding conferences for D.C. area professionals.
    
    -The business school has an extremely well put together career fair. It is also extremely good at obtaining feedback from students as well as visiting firms, and taking action on what needs improvement. It also has the best facilities on campus.
    
    -The business program is very strong in terms of accounting and finance courses. However, the rest of the curriculum does not seem that great (marketing, operation management, etc). Perhaps hiring better professors in those fields would improve the program.
    
    -At Maryland, we take the motto of "Work hard, play hard," to the highest level; this means that we get good grades, internships, jobs, and are leaders in almost everything that we do, but we also love our school, support our athletics teams, help the community, and enjoy our four years of college. In the end, a diploma is a great asset to have, but college needs to be an eye-opening experience as well, and I can't think of a school that does it better than Maryland.
    
    -It is such a good value, especially for an in-state student like me. The faculty is dedicated, the fellows programs bring like-minded students together, and its location close to D.C. brings a variety of employers [to campus].
    
    -As an accounting student, I have been very impressed with the number and caliber of accounting firms that recruit at the University of Maryland. Our proximity to both D.C. and Baltimore makes the university a great place to recruit and find jobs. Teamwork is also heavily emphasized in classes, which is not necessarily enjoyable at the time, but absolutely builds critical skills for which employers are looking.
    
    -[The school should] limit the frequency with which grading curves are used. Students will try harder if they know that a curve will not bail them out. By raising the grading standards, the school can raise the overall performance of the student body.
    
    -There is starting to be a very strong University of Maryland alumni network in the D.C. metro area, and that is leading to networking opportunities. We also have access to many different speakers because of our proximity to D.C.