UNDERGRADUATE Profiles Publish Date 2/26/09

Miami University

Farmer School of Business

Getting In

PROGRAM BASICS

Farmer School of Business

104 Laws Hall
Miami University
Oxford , Ohio 45056

Public Institution

Web site

http://www.fsb.muohio.edu/

Program e-mail address:

deanofbusiness@muohio.edu

Program telephone number:

(513) 529-3631

AACSB accredited:

Yes

Year in which the undergraduate business program was founded:

1928

Length of entire institution:

Four Year

Business program length:

Two Year

Degrees offered:

Degree/Program Name:
BS in Business

PROGRAM COSTS

Annual Tuition (Resident):

$ 9,721

Annual Tuition (Non-Resident)

$ 23,605

Cost per academic credit (resident)

$ 405

Cost per academic credit (non-resident)

$ 983

Required fees

$ 1,722

Books:

$ 1,195

Room and board:

$ 8,998

ENROLLMENT

Full-time undergraduate business student enrollment:

2,056

Part-time undergraduate business student enrollment:

Distance undergraduate business student enrollment:

Total College enrollment for 2008-09:

17,191

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:

To be considered for direct admission into an undergraduate degree program, international students whose native language is not English should have earned either a minimum score of 200 on the computer-based TOEFL, a score of 530 on the paper-based test, or a score of 72 on the Internet-based version. Visit www.muohio.edu for more information on alternate proficiency measures and provisional admission requirements.

Upcoming application deadlines for entire college:

Semester: Fall
Deadline: 02-01-2009
Semester: Spring
Deadline: 11-01-2009

Freshmen admitted into business program:

Yes

Percentage of business students admitted as freshmen:

27 %

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:

Other

Minimum requirements for business program:

Minimum SAT score: N/A
Minimum ACT score: N/A
Minimum high school GPA : N/A

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

Interview to enter business program:

Not offered

Additional application requirements for freshman admits:

A limited number of freshmen are directly admitted to business major standing through the Honors Program and the Scholars Program. Honors students are admitted with full standing. University Scholars students are admitted provisionally and must hold a minimum GPA of 2.80 upon completion of prerequisite work to obtain full standing.

Minimum college GPA for internal business program transfers:

3.0

Additional requirements for internal transfers:

Miami students may take business courses and apply for regular business status after completing the following: 60 credit hours with at least 12 business core hours completed at Miami; 3.00 Miami GPA in the business core and additional select courses; successful completion of ACC221, ACC222, DSC205, ECO201, ECO202, MIS235, and MTH151. Students with a 2.60-2.99 GPA may apply through portfolio review.

Total number of full-time applications for entire college:

15,041

International applicants, entire college, 2008-09:

4 %

Female applicants, entire college, 2008-09:

54 %

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

80 %

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

30 %

Relative Importance of Application Elements:

Secondary School Record:

Very Important

Class Rank:

Important

Talent/Ability:

Considered

Interview:

Not Considered

Extracurricular Activities:

Important

Volunteer Work:

Considered

Character/Personal Abilities:

Considered

Application Essay:

Important

Work Experience:

Considered

SAT/ACT Scores:

Important

Recommendations:

Important

High School GPA:

Important

Admissions program managed by:

The university admissions office

Total undergraduate business program applicants, 2008-09:

4,446

Applicants enrolled in undergrad business program 2008-2009:

61 %

Applicants admitted to undergraduate business program, 2008-09:

32 %

CLASS PROFILE

Class Profile:

Female: 39 %
International : 5 %

Entering students by age:

Mean: 18
Median: 18

Citizenship of Entering Students

U.S.: 95 %
Other countries: 5 %

Percentage of US citizens in entering class who are:

African American: 2 %
Asian American: 3 %
Hispanic or Latino American: 2 %
Native American: 1 %
White (Non-Hispanic): 90 %
Chose not to report: 2 %

Entering students from the following region:

Northeast: 8 %
Mid-Atlantic: 4 %
South: 5 %
Southwest: 2 %
Midwest : 79 %
West: 2 %

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

From: N/A To: N/A

ACT Scores for full-time entering business students:

Mean: 27
Median: 27

ACT middle 50% range:

From: 25
To: 29

Percent of Students Who Were In:

Top 10% of high school class

26 %

Top 25% of high school class:

62 %

HS GPA of 3.75 or higher

32 %

HS GPA of 3.5 to 3.74:

26 %

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:

$ 3,662,520

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

$ 4,819,651

Scholarships awarded to students in the business program based on:

A combination of need and merit

Scholarship consideration process:

All candidates are considered for scholarships

Other scholarship considerations:

All students are strongly encouraged to complete the Free Application for Federal Student Aid (FASA) to be considered for financial assistance. Please visit the Student Financial Assistance website at http://www.units.muohio.edu/sfa for additional details. Freshman Students: Complete an application for admission (an additional application is required to be considered for the Harrison and Honors Scholarships). Returning Students: Complete a Returning Student Scholarship Application.

Students receiving institutional scholarships for 2008-09 academic year:

49 %

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

1 %

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

25 %

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

75 %

School offers guaranteed loans:

Financial aid web site

http://www.units/muohio.edu/sfa

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

68 %

Business students who graduate within 6 years:

81 %

Freshman retention rate:

90 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BS
Hours: 128

Other degree requirements:

Complete the Miami Plan, the common business core and required electives. Complete the requirements of one major. Earn at least a 2.00 GPA overall and in business courses attempted. Complete at least 64 hours of course work in non-business departments.

ACADEMICS

Average class size in required business courses:

38.6

Average class size in business electives:

28.0

Average class size in non-business electives required for admission to business program:

32.2

Class size:

Classes with fewer than 20 students: 18 %
Classes with 21 to 50 students: 75 %
Classes with more than 50 students: 7 %

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

94 %

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

88 %

CURRICULUM

Number of elective courses available in business program:

126

Electives added current year:

ACC 445 Corporate Partnerships and Taxation
BUS 330 Professional Practice
DSC 491 Data Mining in Business
FIN 461 Financial Analysis of Mergers Buyouts and Restructuring

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

2008

Leading areas of study:

Accounting

Economics

Finance

Marketing

Organizational Behavior

N/A

Special programs for business students:

The China Business program includes approx 120 students. The students study the Chinese language and participate in China business seminars and living-learning community activities. The students also study abroad for a term and participate in a related internship. The Business Honors program admits approximately 45-50 students per year. These students take many of their core courses as a part of their Honors cohort; they participate in activities and seminars created specifically for them.

Business program offers work study or co-op opportunities:

Yes

The Farmer School offers a one-hour “Professional Practice” workshop that allows students to earn one hour of academic credit for a summer internship. Students must find a sponsoring faculty member prior to the internship, and then write a reflective paper on the business principles they applied on the internship as well as the new principles they learned on the internship.

Business program offers study abroad opportunities:

Yes

Study abroad program description:

Over 50% of Miami’s business students study abroad. Each year, Miami faculty lead a number of winter and summer workshops in a variety of European, Asian and South American counties. These credit-earning programs are quite popular and routinely reach maximum capacity. The School also has an increasing number of exchange agreements with Asian and European universities. Miami University’s fourth campus is in Luxembourg; business students are a significant enrollment on that campus as well.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

The adopt-a-school program allows students to tutor at-risk youth. Many students also lead school supply drives for local elementary schools. During the holidays, student business organizations adopt a family. The Buck Rodgers Leadership Program reaches out to youth with a pen pal initiative. Students have organized several charity fundraisers, such as golf outings, and a basketball tournament for an elementary school which raised thousands of dollars to buy books for their library.

Business clubs and extracurricular activities:

Pi Sigma Epsilon
The Buck Rodgers Leadership Program
China American Business Organization
Mock Trial Program
First Miami Univ Student & Alumni Federal Credit Union
Alpha Kappa Psi
Miami Business Enterprise
Delta Sigma Pi

FACULTY

Faculty:

Full-time faculty : 138
Adjuncts and visiting faculty: 52
Permanent/tenured professors: 80
Percentage of permanent/tenured professors who are women: 16
Percentage of permanent/tenured professors who are underrepresented minorities: 14
Percentage of permanent/tenured professors who are also members of company boards of directors or of advisors: 15
Percentage of permanent/tenured professors who are business owners: 7

Prominent faculty:

Lisa Ellram
Steve Wyatt
David Yen

STUDENT LIFE

Largest on-campus organizations for business students:

Miami Business Enterprise
Pi Sigma Epsilon
Alpha Kappa Psi
Buck Rodgers Leadership Program
Delta Sigma Pi

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:

Miami has excellent technical services and support. In addition to computer labs for students, wireless network access is readily available and initiatives to increase speed are ongoing; the new business school building, due to open in Fall 2009, will support thousands of simultaneous wireless users. Access to financial databases and tools to process data is exceptional. Recent campus initiatives include a shift to VOIP telephones and the opening of an online software store.

Trading laboratory available:

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

44,191

Total living alumni:

42,185

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

14 %

Mean alumni gift 2007-08:

$ 2,728

Median alumni gift, 2007-08:

$ 100

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

Prominent alumni:

Name: Richard T. Farmer
Title: Chairman, Cintas Corporation
Name: Mitchell Rales
Title: Chairman of the Executive Committee, Danaher Corporation
Name: Richard Smucker
Title: President and Co-CEO, J.M. Smucker Company

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

45 %

Seeking full-time employment in business: 72 %
Not Seeking full-time employment in business: 28 %

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

326

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

593

Other activities and services provided for business majors:

Individual advising with business majors is available both on a scheduled and on a walk-in basis. Mock interviews are also provided as are career preparation presentations for larger groups of students.

Job offer results, 2008 graduates:

Accepted first job offer by graduation: 67 %
Accepted first job offer in three months following graduation: 20 %
Accepted first job offer more than 3 months after graduation: 7 %
Did not report having accepted a job offer: 6 %

Top hiring firms:

Ernst & Young
PricewaterhouseCoopers
Deloitte Touche Tomatsu
KPMG LLP
AT&T

Abercrombie and Fitch
Huron Consulting
Crowe, Chizek & Co.
Brulant
Total Quality Logistics
Grant Thornton LLP
Nielson Company
C.H. Robinson
Fifth Third Bank
PNC Financial Services Group, Inc.

Graduate compensation:

Mean base salary: $ 48,206
Median base salary: $ 48,000
Mean signing bonus: $ 3,896

Grads accepted jobs in following functional areas:

Consulting: 13 %
Finance/Accounting: 50 %
General Management: 1 %
Human Resources: 2 %
Management Information Systems: 3 %
Marketing/Sales: 18 %
Operations/Production: 4 %
Logistics/Transportation: 4 %
Other: 5 %

Grads accepted jobs in following industries:

Accounting: 16 %
Consumer Products/Retail: 14 %
Consulting Services: 8 %
Financial Services: 16 %
Government/Education: 3 %
Pharma/Biotech/Health: 6 %
Manufacturing: 8 %
Media/Entertainment: 3 %
Real Estate: 4 %
Technology/Science: 6 %
Non-Profit: 2 %
Transportation: 2 %
Utilities: 1 %
Other: 11 %

Percentage of job acceptances, US and Canada:

US: 99 %
Canada: 1 %

Grads accepted jobs in the following US regions:

Northeast: 6 %
Mid-Atlantic: 4 %
Midwest: 75 %
South: 4 %
Southwest: 9 %
West: 2 %
US Possessions/Territories: 0 %

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

205

Internship postings on job boards, previous academic year:

288

Top internship recruiters, 2007-08:

Ernst & Young
PricewaterhouseCoopers
Deloitte Touche Tomatsu
KPMG LLP
Limited Brands
JPMorgan Chase & Co.

Cardinal Health
Great American Insurance Group
Total Quality Logistics
Crowe, Chizck & Co. LLP
Abercrombie and Fitch
Ariel Corporation
Auditor of State
NCR Corporation
BKD, LLP

Percentage of internships that were paid, previous academic year

90 %

Mean internship compensation per week:

$ 553

Median internship compensation per week:

$ 500

Average internship, in weeks:

Graduate Comments

Miami if the perfect balance of a work hard, play hard mentality. It seems as if most of the student body is very committed to their studies as much as the university community. Involvement in community and campus organizations is high.

Advising is Miami's weakest point overall. They do not have full time academic advisers and force profs into that role which they are poorly educated on and not helpful to students. Getting help for courses is too much of a struggle and students are forced to figure things out on their own.

Miami's biggest flaw is that it has almost no connections/relationships with banking professionals in New York and Chicago, which are the main financial centers.

Countless study abroad programs and unique courses such as the Marketing capstone course HighWire brand studio I feel have really given me a sense of confidence about entering the workforce. Also, I think the program has done an excellent job of exposing us to professionals to provide an outside perspective and to help us anticipate what to expect as we set out on a career path.

I feel that Miami's requirements for all students to enroll in a variety of liberal arts courses may have detracted from my business experience. It has at least certainly delayed my expected graduation date.

Miami University is a beautiful campus. It may be slightly off the beaten track, but it is not hard to find anything that you are looking to do outside of academics.

Our program is based a lot on case studies and group problem solving. It is rare that I have to memorize and spit back information on an exam. Much of our testing is through application response. Our other grades in the classes besides exams are often based off of group projects which I feel mimics real life working situations.

Our Alumni are very dedicated to our school. A lot of the graduates find jobs through them.

I believe that business students coming out of Miami University are better-rounded than students from many universities across the nation. We are taught much more than best business practices, as opportunities are available to learn personal leadership, civic leadership, diversity, communication, and group and organizational leadership, just to name a few.

My favorite part of the Farmer School is our exposure to the real world. Many of my professors are not career academics, but have a great deal of professional experience. Also, we bring in a wide variety of outside speakers and distinguished lecturers to broaden our horizons.

The business program at Miami is very close-knit. I feel as though all of my classes are small enough that I am not only able to communicate well with the professor, but I am also able to network with other students easily.

Tests need to be less emphasized in the business school... they don�t test our ability to learn, they just test our abilities to memorize and test taking. It would be more beneficial to use our academic time and resources in projects/ assignments in which we could use formulas or concepts like in the real world.

Professors are extremely engaged with students. Group projects and teamwork is strongly emphasized. The course load is heavy and very challenging.

Since freshman year I have never have a lecture based class within the business school. Students learn through collaboration with their peers. Miami fosters that idea to its fullest extent.

Miami is a large enough school to get outstanding teachers with years of experience, but small enough to have personalized classes. With all of the classes I have had in the school of business, I have always felt comfortable to ask the teacher questions during and after class.

The teachers are all excited and enthusiastic to teach the students, and always welcome discussion on other academic areas.

Miami�s Farmer School of Business is unique in that we have constant interaction with different companies in the Cincinnati area. I can�t even count the number of projects I have worked on in marketing classes that have teamed up with companies and assisted them with problems or questions they had. In addition, the inverted classroom provides a very unique characteristic to our business program. The ability to watch lectures at home on our own time and work on projects in class with the professor there for questions is awesome. I would recommend any class that has the ability to use that teaching method to take advantage of it.