UNDERGRADUATE Profiles Publish Date 2/26/09

University of Virginia - McIntire

McIntire School of Commerce

Getting In

PROGRAM BASICS

McIntire School of Commerce

Rouss and Robertson Halls
P.O. Box 400173
Charlottesville , Virginia 22904-4173

Public Institution

Web site

http://www.commerce.virginia.edu

Program e-mail address:

Commerce-Admission@virginia.edu

Program telephone number:

(434) 924-3865

AACSB accredited:

Yes

Accreditation other than AACSB:

Southern Association of Colleges and Schools

Year in which the undergraduate business program was founded:

1921

Length of entire institution:

Four Year

Business program length:

Two Year

Degrees offered:

Degree/Program Name:
BS in Commerce

PROGRAM COSTS

Annual Tuition (Resident):

$ 9,300

Annual Tuition (Non-Resident)

$ 29,600

Required fees

$ 190

Books:

$ 1,150

Room and board:

$ 7,709

ENROLLMENT

Full-time undergraduate business student enrollment:

655

Part-time undergraduate business student enrollment:

Distance undergraduate business student enrollment:

Total College enrollment for 2008-09:

21,057

ADMISSIONS

Interviews for entire college:

Not required

Additional application requirements for entire college:

TOEFL for non-English

Upcoming application deadlines for entire college:

Semester: Fall 2009
Deadline: 01-02-2009

Freshmen admitted into business program:

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

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 required

Additional application requirements for freshman admits:

N/A

Additional requirements for internal transfers:

Prerequisities comprised of econ, acctg, math, stats, writing, foreign language, and humanities.

Total number of full-time applications for entire college:

18,363

International applicants, entire college, 2008-09:

8 %

Female applicants, entire college, 2008-09:

54 %

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

37 %

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

48 %

Relative Importance of Application Elements:

Secondary School Record:

Very Important

Class Rank:

Very Important

Talent/Ability:

Important

Interview:

Not Considered

Extracurricular Activities:

Important

Volunteer Work:

Considered

Character/Personal Abilities:

Important

Application Essay:

Important

Work Experience:

Considered

SAT/ACT Scores:

Important

Recommendations:

Very Important

High School GPA:

Very Important

Admissions program managed by:

The business program office

Total undergraduate business program applicants, 2008-09:

771

Applicants enrolled in undergrad business program 2008-2009:

95 %

Applicants admitted to undergraduate business program, 2008-09:

45 %

CLASS PROFILE

Class Profile:

Female: 43 %
International : 24 %

Entering students by age:

Mean: 22
Median: 21

Citizenship of Entering Students

U.S.: 76 %
Other countries: 24 %

Percentage of US citizens in entering class who are:

African American: 4 %
Asian American: 8 %
Hispanic or Latino American: 4 %
White (Non-Hispanic): 76 %
Chose not to report: 7 %
Other: 1 %

Entering students from the following region:

Northeast: 14 %
Mid-Atlantic: 62 %
South: 10 %
Southwest: 5 %
Midwest : 7 %
West: 2 %

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

Mean: 1365
Median: 1370

SAT middle 50% range on 1600 scale:

From: 1,290
To: 1,450

Mean: N/A Median: N/A

From: N/A To: N/A

Percent of Students Who Were In:

Top 10% of high school class

88 %

Top 25% of high school class:

98 %

HS GPA of 3.75 or higher

88 %

HS GPA of 3.5 to 3.74:

8 %

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:

$ 1,298,569

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

$ 1,430,138

Scholarships awarded to students in the business program based on:

A combination of need and merit

Scholarship consideration process:

Unique scholarship application

Other scholarship considerations:

McIntire students have the opportunity to participate in all financial aid programs offered through the University’s Student Financial Services Office. This office works with parents and students to determine student need, eligibility, and award amounts. Each year, through the generosity of corporations, alumni, and friends, the McIntire School is able to award scholarships to support deserving students. These funds are distributed though the UVA Student Financial Services Office as part of the student’s award package. McIntire scholarship recipients are selected by Commerce School faculty and administrators in the spring of the student's third year, and the scholarship money is credited to the recipient's fourth-year tuition bills. Most of the scholarships are need-based; some are based on academic or career interests or academic achievement. To be considered for these scholarships, third-year McIntire students complete one application for all scholarships and submit a current resume. A complete listing and description of all scholarships and awards can be found in the University Undergraduate Record.

Students receiving institutional scholarships for 2008-09 academic year:

20 %

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

10 %

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

62 %

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

38 %

School offers guaranteed loans:

Financial aid web site

http://www.virginia.edu/financialaid

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

99 %

Business students who graduate within 6 years:

99 %

Freshman retention rate:

96 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: 120
Hours: 120

Other degree requirements:

39 hours of Commerce course work beyond the aforementioned prerequisites. A minimum of 60 credit hours must be completed at the University of Virginia.

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: 18 %
Classes with 21 to 50 students: 76 %
Classes with more than 50 students: 6 %

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

100 %

CURRICULUM

Number of elective courses available in business program:

Electives added current year:

Managing Sustainability in Developing Countries
Entertainment Marketing

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

2007

Leading areas of study:

Accounting

Finance

Management Information Systems

Marketing

Strategy

Special programs for business students:

A minor in Leadership was introduced in 2007

Business program offers work study or co-op opportunities:

Business program offers study abroad opportunities:

Yes

Study abroad program description:

The McIntire School of Commerce offers a variety of study abroad opportunities, including semester abroad programs spring semester of a student's third-year, and several short January and summer courses.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

The University offers a variety of volunteer opportunities through Madison House.

Business clubs and extracurricular activities:

Advertising and Marketing Association
Consulting Group
Student Entrepreneurs for Economic Development
McIntire Investment Institute
Sales and Trading Group
Women's Business Forum at McIntire
National Association of Black Accountants
Socially Responsible Investment Organization

FACULTY

Faculty:

Full-time faculty : 64
Adjuncts and visiting faculty: 4
Permanent/tenured professors: 35
Percentage of permanent/tenured professors who are women: 20
Percentage of permanent/tenured professors who are underrepresented minorities: 0
Percentage of permanent/tenured professors who are also members of company boards of directors or of advisors: 20
Percentage of permanent/tenured professors who are business owners: 3

Prominent faculty:

Robert L Cross
David G Mick
Barbara H Wixom

STUDENT LIFE

Largest on-campus organizations for business students:

McIntire Investment Institute
Advertising and Marketing Association
Student Entrepreneurs for Economic Development
Women's Business Forum at Mcintire
Beta Alpha Psi

Freshmen are required to live on campus:

Yes

Business students are grouped in learning communities:

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

Spring 2008 the McIntire School moved into a newly constructed 156,000 sq.ft. building. All technologies deployed within the building represent the latest industry offerings which are complementary to the new contruction. Notably the building contains: 16 technology enhanced classrooms; 16 group study rooms with 46" presentation monitors; and a business presentation center for instant student presentation capture and distribution. The School has multiple computing labs including a dedicated digital medial lab, and a dedicated financial markets lab which houses a 273 foot linear stock ticker.

Trading laboratory available:

Yes

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

13,036

Total living alumni:

12,161

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

22 %

Mean alumni gift 2007-08:

$ 2,304

Median alumni gift, 2007-08:

$ 200

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

Prominent alumni:

Name: Tiki Barber
Title: NBC Correspondent, Author, Former NY Giants Runningback
Name: John A. Griffin
Title: Founder, Blue Ridge Capital, LP.
Name: Jonathan Mariner
Title: CFO, Major League Baseball

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

100 %

Seeking full-time employment in business: 89 %
Not Seeking full-time employment in business: 11 %

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

353

Other activities and services provided for business majors:

There are 655 undergraduate students at the McIntire School of Commerce and we have three full-time Master’s level career counselors. Through the “Employer-in-Residence Program” (mock interviews, resume reviews and coffee networking sessions), resume and interviewing workshops, student treks, industry focused seminars, a supplemental recruiting program and one-on-one advising appointments, McIntire students are afforded numerous opportunities to have their resume and interview skills fine-tuned in advance of the full-time and internship recruiting process.

Job offer results, 2008 graduates:

Accepted first job offer by graduation: 73 %
Accepted first job offer in three months following graduation: 12 %
Did not report having accepted a job offer: 15 %

Top hiring firms:

Ernst & Young
KPMG LLP
Deloitte Touche Tomatsu
JPMorgan Chase & Co.
Citigroup Inc.
Lehman Bros.
Morgan Stanley
Bank of America Corp.
PricewaterhouseCoopers
UBS
Barclays Bank PLC
Deutsche Bank AG

Wachovia
Accenture, LLP
Houlihan Lokey

Graduate compensation:

Mean base salary: $ 55,911
Median base salary: $ 58,000
Mean signing bonus: $ 7,798
Mean other guaranteed compensation: $ 30,331

Grads accepted jobs in following functional areas:

Consulting: 19 %
Finance/Accounting: 63 %
General Management: 0 %
Human Resources: 0 %
Management Information Systems: 3 %
Marketing/Sales: 9 %
Operations/Production: 0 %
Logistics/Transportation: 0 %
Other: 6 %

Grads accepted jobs in following industries:

Accounting: 12 %
Consumer Products/Retail: 4 %
Consulting Services: 17 %
Financial Services: 49 %
Government/Education: 2 %
Pharma/Biotech/Health: 0 %
Manufacturing: 6 %
Media/Entertainment: 0 %
Petroleum/Energy: 0 %
Real Estate: 2 %
Sports/Leisure: 0 %
Technology/Science: 0 %
Non-Profit: 0 %
Transportation: 0 %
Utilities: 0 %
Other: 8 %

Percentage of job acceptances, US and Canada:

US: 100 %

Grads accepted jobs in the following US regions:

Northeast: 35 %
Mid-Atlantic: 49 %
Midwest: 1 %
South: 12 %
Southwest: 1 %
West: 2 %

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

132

Top internship recruiters, 2007-08:

KPMG LLP
Bank of America Corp.
Ernst & Young
JPMorgan Chase & Co.
Citigroup Inc.
Merrill Lynch
PricewaterhouseCoopers
Deutsche Bank AG
Morgan Stanley

Navigant Consulting
LexisNexis
Beers & Cutler PLLC
Genworth Financial Inc.
Accenture, LLP
Rolls-Royce North America

Percentage of internships that were paid, previous academic year

99 %

Mean internship compensation per week:

$ 900

Average internship, in weeks:

Graduate Comments

The first year of the program is extremely rigorous but the second year is amazing. I have learned an unbelievable amount of accounting and finance, my two majors, and have found the workload to be heavy but thoroughly worthwhile and enjoyable.

I have enjoyed my time in the McIntire School of Commerce. Although there were some weeks I felt overwhelmed by work, I realize that it was a great way to educate me on real world pressure. Starting off, group work was frustrating, but now in my fourth year, my groups are highly effective and efficient. Learning is a process that takes time, and the McIntire school helps along this process. I feel I have learned valuable skills in my time in the Commerce School.

Our new Commerce School building is remarkable. This new facility's technology, study spaces, classrooms, and group meeting areas have truly enhanced my experience at McIntire.

Enrolling in McIntire was the best decision I could've made for my education. I've benefited from the one-on-one teaching, the team building, and the core skills that allowed me to excel in the "real" world. The career services department is exemplary, and they did everything in their power to encourage me to apply for internships, even though I initially had no idea what I was doing. They helped me at every step of the way, and I was able to secure my top internship and ultimately a job offer.

Career Services is possibly the most valuable part of McIntire. The new building is amazing. There is a great sense of community at McIntire and while the majority of students are very Type A, we can have fun also. I really can't imagine having gone to school anywhere else, and I truly believe it is the best program anywhere.

We have outstanding career services, and career services isn't only in the office on the 4th floor. Every teacher and faculty member seems dedicated to molding us into tomorrow's movers and shakers in the business world. Every teacher is more than willing to sit down with any student to talk at length about career paths and goals. A friend recommended I meet his professor to talk about my career goals, and despite not knowing me and never having me in a class, he talked with me at length about what is right for me and some things I should consider. He never told me what to do, he treated me as a colleague and made me feel like I was already a member of the business community that he respected.

The alumni involvement is extremely strong. Many hedge fund executives and high level employers come and talk with us. The network built through this program seems to touch every company in the world and makes getting interviews and insights into companies an easier and more transparent experience.

McIntire is extremely OVERRATED and way overly focused on finance. The concentrations outside of finance and accounting (especially International Business and Marketing) are essentially jokes. The quality of teaching and of the courses & academic program are sub par, significantly WORSE than outside the Commerce school. I've been very disappointed with the quality of education that I received, and I'll go on the record as saying so. The Commerce School has been extremely unresponsive to my concerns and complaints.

McIntire's job placement program allows each and everyone of us to truly take the leap of faith and aspire to be anything we desire. And they provide us with the tools necessary to impress.

The Integrated Core Experience Program our 3rd year is a great program which ensures all graduates from McIntire have a well rounded business education. I think this is really important, as any job in business required some basic knowledge about all functional areas and we are at an advantage. We know how to look at big business issues/problems and understand all parts to some degree, not just our specialty. Team work is strongly enforced in all classes, teaching us how to really work together in a business setting. Presentation and public speaking skills are practiced in all classes I've taken, which is also great preparation. Most of all our professors are always available to talk with us and advise. They are tough but understanding. We have an outstanding facility, and all of our classes are highly interactive.

It is just a two-year program, which allows students to develop a liberal arts background before focusing on business. This creates a diverse student body, which is extremely helpful with group projects that make up the bulk of first year business students. The group work and real-life knowledge our professors provide to us makes McIntire stand apart from other business programs.

The integrated approach to teaching and the interactive, discussion-based pedagogical style that is comparable to major MBA programs.

Teamwork and cooperation are stressed.

The greatest thing that McIntire has to offer is a carefully perfected balance between theory and practice. While other disciplines may require a great deal of theory in order to facilitate successful execution, many areas of business are not that way. As such, McIntire does an exceptional job of creating a curriculum that teaches you the basics of what you need to know, then allows group work and projects to be the conveyors of deeper understanding. I feel that I have a significant advantage over my peers because I know what it is to start with a limited base of knowledge and have to expand upon that on my own (or at least in a group, without the professor's aid) in order to complete tasks. My working experience has led me to believe that this lack of hand-holding is what will make McIntire more capable from Day One compared to others.

The constant reinforcement of team oriented tasks and assignment truly try to simulate the type of skills one needs to hone in order to be successful and produce strong work. In addition, our small classroom sizes and professor interactions makes each and every student want to come prepared for each class in order to not let down our fellow classmates as well as professors who all know us by name, character and contributions. This type of setting motivates us to take ownership for our actions.

It is an extremely well rounded program. We have teachers that are there to teach, not just research. We have an outstanding curriculum that focuses on teamwork and integration of all business areas. The other students are great because they are all very intelligent and work hard, yet are very social and will still go out on the weekends and have a good time. It's important to have all these qualities.