UNDERGRADUATE Profiles Publish Date 2/26/09

University of Maryland

Smith School of Business

Getting In

PROGRAM BASICS

Robert H. Smith School of Business Undergraduate Program

1570 Van Munching Hall
University of Maryland
College Park , Maryland 20742

Public Institution

Web site

http://www.rhsmith.umd.edu/undergrad

Program e-mail address:

um-admit@umd.edu

Program telephone number:

1-800-422-5867

AACSB accredited:

Yes

Year in which the undergraduate business program was founded:

1921

Length of entire institution:

Four Year

Business program length:

Four Year

Degrees offered:

Degree/Program Name:
BS

PROGRAM COSTS

Annual Tuition (Resident):

$ 6,566

Annual Tuition (Non-Resident)

$ 21,637

Required fees

$ 1,439

Books:

$ 1,025

Room and board:

$ 9,108

ENROLLMENT

Full-time undergraduate business student enrollment:

2,784

Part-time undergraduate business student enrollment:

Distance undergraduate business student enrollment:

Total College enrollment for 2008-09:

26,475

ADMISSIONS

Minimum SAT score for entire college on 1600 scale:

Minimum ACT score for entire college:

Minimum high school GPA for entire college:

Interviews for entire college:

Not offered

Additional application requirements for entire college:

TOEFL

Upcoming application deadlines for entire college:

Semester: 12-01-08

Freshmen admitted into business program:

Yes

Percentage of business students admitted as freshmen:

43 %

Are the freshman admits to the business program required to complete pre-business courses before beginning upper-lever courses in the junior year?

Yes

Freshmen admitted by:

Indicate interest on university application

Internal transfers handled by:

Separate application

Minimum requirements for business program:

Minimum SAT score: 1300
Minimum ACT score: 29
Minimum high school GPA : 3.2

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

Interview to enter business program:

Not offered

Additional application requirements for freshman admits:

TOEFL

Minimum college GPA for internal business program transfers:

3.0

Additional requirements for internal transfers:

"C" grade or better in: 2 semesters accounting I + II, 2 semesters economics, statistics, calculus, english composition, plus 60 credits earned

Total number of full-time applications for entire college:

28,161

Female applicants, entire college, 2008-09:

52 %

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

39 %

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

36 %

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 program managed by:

The university admissions office

Total undergraduate business program applicants, 2008-09:

5,500

Applicants enrolled in undergrad business program 2008-2009:

34 %

Applicants admitted to undergraduate business program, 2008-09:

21 %

CLASS PROFILE

Class Profile:

Female: 32 %
International : 2 %

Entering students by age:

Mean: 18

Citizenship of Entering Students

U.S.: 98 %
Other countries: 2 %

Percentage of US citizens in entering class who are:

African American: 5 %
Asian American: 21 %
Hispanic or Latino American: 3 %
White (Non-Hispanic): 67 %
Chose not to report: 2 %
Other: 2 %

Entering students from the following region:

Northeast: 31 %
Mid-Atlantic: 66 %
South: 1 %
Southwest: 1 %
Midwest : 1 %
West: 0 %
Possessions and territories: 0 %

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

Mean: 1360

SAT middle 50% range on 1600 scale:

From: 1,320
To: 1,390

Mean: N/A Median: N/A

From: N/A To: N/A

Percent of Students Who Were In:

HS GPA of 3.75 or higher

68 %

HS GPA of 3.5 to 3.74:

16 %

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:

$ 4,982,028

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

$ 5,393,968

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:

37 %

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

2 %

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

19 %

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

100 %

School offers guaranteed loans:

Financial aid web site

http://www.financialaid.umd.edu

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

77 %

Business students who graduate within 6 years:

87 %

Freshman retention rate:

94 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: 120
Hours: 120

Other degree requirements:

Business Core: MIS, Finance, Marketing, Organizational Behavior, Business Law, Policy & Strategy; Plus 18-21 credits in major requirements; Plus 3-6 credits Economics depending on major; Plus 3 credits upper-level non-business elective; Plus electives to reach 60 credits upper-level and 120 total credits to graduate

ACADEMICS

Average class size in required business courses:

35.5

Class size:

Classes with fewer than 20 students: 7 %
Classes with 21 to 50 students: 71 %
Classes with more than 50 students: 22 %

CURRICULUM

Electives added current year:

BMGT 352 Customer - Centric Innovation
BMGT 363 Leadership in Organizations
BMGT 458a Special Topics in Marketing - Design & Innovation in Marketing
BMGT 458i Special Topics in Marketing - Marketing Intelligence
BMGT 488a Special Topics in Logistics - Executive Seminar in Music Management

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

2005

Leading areas of study:

Accounting

Entrepreneurship

Finance

Marketing

Supply Chain Management

Entrepreneurship

Special programs for business students:

Freshman Fellows Program offers small class sizes plus co-curricular activities for directly admitted freshmen. 21 special academic programs for upperclassmen offer in-depth specialized study and co-curricular activities. Programs include entrepreneurship, financial services, financial markets, emerging CFOs, accounting teaching scholars, Lemma Senbet Investment Fund, research fellows, Smith technology fellows, business process fellows, QUEST, business honors, logistics/supply chain fellows, sport management fellows, quantitative marketing fellows, and music management fellows.

Business program offers work study or co-op opportunities:

Yes

Internships for academic credit offered in summers only; in addition, many students complete internships not for credit. Coop opportunities offered in logistics/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.

Business program offers study abroad opportunities:

Yes

Study abroad program description:

Business students participate in the university's study abroad program as well as in business school bilateral exchanges, primarily in summers and winter-term. Business honors students, international fellows and global opportunities fellows also have dedicated winter-term faculty-led trips offered each year

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

Students volunteer and contribute community service through membership in Smith-sponsored student organizsations and programs. The Smith Undergraduate Students Association organizes community service activities through its community service committee. Additionally, the Freshman Fellows colloquium in the second semester focuses on corporate social responsibility and service. Business students also contribute tutoring and special programming for area high school students through the Smith STARS program outreach to low-income and minority students.

Business clubs and extracurricular activities:

The Smith School sponsors 26 student organizations and 9 special committees organized through the Smith Undergraduate Students Association and the Office of Undergraduate Studies
Clubs and committees organize events and activities including an annual freshman convocation school-wide career fair leadership retreats and an awards banquet
The various fellows programs all entail a portfolio of co-curricular activities and events including mentor programs freshman fellows dinner club field trips and site visits and special speaker series
The Dingman Center for entrepreneurship hosts numerous activities throughout the year including Pitch Dingman luncheons the annual Cupid Cup entrepreneurship competition and business plan competitions in Asia to which undergraduate Smith students contr

FACULTY

Faculty:

Full-time faculty : 145
Adjuncts and visiting faculty: 36
Permanent/tenured professors: 71
Percentage of permanent/tenured professors who are women: 25
Percentage of permanent/tenured professors who are underrepresented minorities: .01

Prominent faculty:

Roland T Rust
Albert Pete Kyle
Michel Wedel

STUDENT LIFE

Largest on-campus organizations for business students:

Finance Banking & Investment Society
American Marketing Association
Accounting Business Association
Phi Chi Theta
Music Management Business Society

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:

Students access Smith's UNet Web portal for announcements, news, information on professional clubs, resume posting, discussion boards, and collaboration tools, such as virtual team rooms. "MyUM" Portal provides Web-based access to software applications, personal files, course management tools, statistical applications, financial databases, virtual library, and news content from sources like Reuters; music subscription service for legal downloads; e-mail forwarding for life.

Trading laboratory available:

Yes

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

40,414

Total living alumni:

36,060

Prominent alumni:

Name: Kevin Plank
Title: President, Founder and CEO of Under Armour
Name: Richard Schaffer
Title: Chairman, New York Mercantile Exchange
Name: Robert H. Smith
Title: Chairmain, Charles E. Smith Companies

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

73 %

Seeking full-time employment in business: 85 %
Not Seeking full-time employment in business: 15 %

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

126

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

293

Other activities and services provided for business majors:

Undergraduate Business-Only Career Fair; Comprehensive Business-Only Job Posting Board- HireSmith; Required Career Class: "Career Strategies in Business;" Industry Specific Panels Highlighting Career Paths of Alumni and Professionals in Various Fields.

Job offer results, 2008 graduates:

Top hiring firms:

PricewaterhouseCoopers
KPMG LLP
Deloitte Touche Tomatsu
JPMorgan Chase & Co.
Morgan Stanley
Ernst & Young
Booz Allen Hamilton
Goldman Sachs Group

Accenture
Deloitte Consulting
Reznick Group
Lockheed Martin
Beers & Cutler
Northrop Grumman
Black and Decker

Graduate compensation:

Mean base salary: $ 52,000
Median base salary: $ 53,000
Mean signing bonus: $ 4,600
Median signing bonus: $ 3,300

Grads accepted jobs in following functional areas:

Consulting: 13 %
Finance/Accounting: 59 %
General Management: 4 %
Human Resources: 1 %
Management Information Systems: 2 %
Marketing/Sales: 8 %
Operations/Production: 4 %
Logistics/Transportation: 2 %
Other: 7 %

Grads accepted jobs in following industries:

Accounting: 16 %
Consumer Products/Retail: 10 %
Consulting Services: 34 %
Financial Services: 18 %
Government/Education: 3 %
Pharma/Biotech/Health: 1 %
Manufacturing: 2 %
Media/Entertainment: 2 %
Petroleum/Energy: 0 %
Real Estate: 1 %
Sports/Leisure: 1 %
Technology/Science: 6 %
Non-Profit: 1 %
Transportation: 2 %
Utilities: 1 %
Other: 2 %

Percentage of job acceptances, US and Canada:

US: 100 %
Canada: 0 %

Grads accepted jobs in the following US regions:

Northeast: 19 %
Mid-Atlantic: 77 %
Midwest: 2 %
South: 2 %
Southwest: 0 %
West: 0 %
US Possessions/Territories: 0 %

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

Internship postings on job boards, previous academic year:

173

Top internship recruiters, 2007-08:

Graduate Comments

I�ve never had a T.A. or doctoral student teach a class, unlike math and economics at Maryland. Alumni help keep the school running well, from donations to direct involvement. The school continues to expand academically and physically, recently adding new fellows programs and a new wing.

Exceptional school, however if you don�t try or are not actively involved, this school is just average. The opportunities are there if you actively seek them, however not many students do.

Something very special about Smith is the extracurricular and co-curricular activities and programs that are available to students. With over 30 clubs and committees and a student governing body (called SUSA, the Smith Undergraduate Student Association, which was voted best governing body by the SGA for the past 2 years), students can become involved in a program wherever their interests lie.

The school�s ability to help motivate and place students with jobs in this economic crisis has been a great advantage to all students. They have hosted several town hall meetings pertaining to the economic situation and what it means for us in terms of employment.

The Smith School of Business has one of the most beautiful buildings (Van Munching Hall) and is full of the latest technology. As I walk the halls I feel as if I am in a corporate office building for a Fortune 500 company.

Being in the honors program has been a huge benefit. Classes are even smaller and they really allow you the chance to get to know your professors. The environment is more relaxed and classes are more discussion based.

The hiring process of professors needs to be refined and those in charge need to be more critical and selective. I�d rather sit in a lecture with a hundred other students taught by a good teacher than with twenty other students taught by a bad teacher.

Great relationship with alumnus allows students with great career and learning opportunities; unparalleled career resources from workshops, employee information sessions, networking events, and faculty help.

The business school also has the nicest facilities on campus, which enhances the learning environment. After completing my lower level core requirements, all of my professors have doctoral degrees.

Grades are inflated with participation scores, mainly to keep kids attending lectures that may or may not improve performance in a class that is taught directly out of the textbook. Extra credit is common in classes as well.

The close proximity to Washington, D.C. as well as the incredible fellows programs the school offers, which truly set the school apart in my opinion.

They do a good job placing all the finance and accounting majors in big companies. However, for their marketing majors, it is harder to find jobs. As a student seeking jobs in the fashion industry, my business experience helped me very little in my job search.

My major concern with Smith is that it does little to get freshmen involved early on. As a freshman, I had only one class in the business school as I completed university core work. Minimal efforts were made to include me in events or to make me a bigger part of the community. By the time I was around the business school for a majority of my classes, I was already involved in many other activities.

Only disappointment is lack of ethics teaching. It is included in most classes but not enough time is focused on it.