UNDERGRADUATE Profiles Publish Date 2/26/09

University of Michigan

Ross School of Business

Getting In

PROGRAM BASICS

Office of Admissions
701 Tappan Street
Ann Arbor , Michigan 48109-1234

Public Institution

Web site

http://www.bus.umich.edu/admissions/bba

Program e-mail address:

RossBBA@umich.edu

Program telephone number:

(734) 763-5796

AACSB accredited:

Yes

Year in which the undergraduate business program was founded:

1943

Length of entire institution:

Four Year

Business program length:

Other

Degrees offered:

Degree/Program Name:
BBA

PROGRAM COSTS

Annual Tuition (Resident):

$ 10,848

Annual Tuition (Non-Resident)

$ 32,880

Cost per academic credit (resident)

$ 423

Cost per academic credit (non-resident)

$ 1,341

Required fees

$ 189

Books:

$ 1,048

Room and board:

$ 8,590

ENROLLMENT

Full-time undergraduate business student enrollment:

1,050

Total College enrollment for 2008-09:

41,028

ADMISSIONS

Interviews for entire college:

Not offered

Additional application requirements for entire college:

TOEFL/IELTS/MELAB

Upcoming application deadlines for entire college:

Semester: Fall 09
Deadline: 02-01-2009
Semester: Spring 09
Deadline: 02-01-2009
Semester: Summer 09
Deadline: 02-01-2009
Semester: Winter 2010
Deadline: 10-01-2009

Freshmen admitted into business program:

Percentage of business students admitted as freshmen:

0 %

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 offered

Additional application requirements for freshman admits:

N/A

Additional requirements for internal transfers:

N/A

Total number of full-time applications for entire college:

29,113

International applicants, entire college, 2008-09:

20 %

Female applicants, entire college, 2008-09:

43 %

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

41 %

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

46 %

Relative Importance of Application Elements:

Secondary School Record:

Very Important

Class Rank:

Considered

Talent/Ability:

Very Important

Interview:

Not Considered

Extracurricular Activities:

Very Important

Volunteer Work:

Very Important

Character/Personal Abilities:

Very Important

Application Essay:

Very Important

Work Experience:

Considered

SAT/ACT Scores:

Very Important

Recommendations:

Very Important

High School GPA:

Very Important

Admissions program managed by:

The business program office

Total undergraduate business program applicants, 2008-09:

880

Applicants enrolled in undergrad business program 2008-2009:

98 %

Applicants admitted to undergraduate business program, 2008-09:

36 %

CLASS PROFILE

Class Profile:

Female: 33 %
International : 8 %

Entering students by age:

Mean: 20
Median: 20

Citizenship of Entering Students

U.S.: 85 %
Canada: 1 %
Other countries: 14 %
Unknown: 0 %

Percentage of US citizens in entering class who are:

African American: 3 %
Asian American: 23 %
Hispanic or Latino American: 3 %
Native American: 1 %
White (Non-Hispanic): 49 %
Other: 21 %

Entering students from the following region:

Northeast: 31 %
Mid-Atlantic: 10 %
South: 4 %
Southwest: 3 %
Midwest : 48 %
West: 3 %
Possessions and territories: 1 %

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

Mean: 1350
Median: 1370

SAT middle 50% range on 1600 scale:

From: 1,300
To: 1,440

ACT Scores for full-time entering business students:

Mean: 30
Median: 31

ACT middle 50% range:

From: 29
To: 32

Percent of Students Who Were In:

HS GPA of 3.75 or higher

82 %

HS GPA of 3.5 to 3.74:

14 %

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:

$ 3,097,091

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

$ 3,074,953

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:

N/A

Students receiving institutional scholarships for 2008-09 academic year:

33 %

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

0 %

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

50 %

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

50 %

School offers guaranteed loans:

Financial aid web site

http://www.bus.umich.edu/Admissions/FinancialAid/

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

96 %

Business students who graduate within 6 years:

98 %

Freshman retention rate:

96 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BBA
Hours: 120

Other degree requirements:

Fourteen required business core courses (36 credits total) in Accounting; Business Economics; Business Information Technology; Law, History and Communications; Operations and Management Science; Finance; Marketing; Management and Organizations; Strategy. Minimum of 9 credits of business elective courses. Minimum of 54 credits of non-business courses, including 4 credits of Macroeconomics. Distribution requirement (complete 3 of 4): Foreign Language (4th semester proficiency), Humanities (9 credits), Natural Science and/or Mathematical and Symbolic Analysis (9 credits), Social Science (9 credits). GPA requirements: 2.00 min GPA in all courses while in the program. 2.00 min GPA in all business courses while in the program.

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: 7 %
Classes with 21 to 50 students: 48 %
Classes with more than 50 students: 45 %

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

91 %

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

8 %

CURRICULUM

Number of elective courses available in business program:

Electives added current year:

Service Innovation Management
Business Ethics and Accountability
Negotiation and Dispute Resolution
Advanced Business Communications and Peer Mentorship
Brand Management

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

2005

Leading areas of study:

Accounting

Consulting

Finance

General Management

Marketing

Special programs for business students:

Carson Scholars – Washington Campus BBA: LHC 488 (Business and the Public Policy Process) is an intensive, one-week course in Washington, D.C., designed to provide students with the frameworks, concepts, and tools needed to incorporate the public policy dimension into managerial decision making and strategic planning. For additional information please see: http://www.bus.umich.edu/Academics/SpecialPrograms/WashingtonCampus/BBAWashingtonCampus.htm

Business program offers work study or co-op opportunities:

Business program offers study abroad opportunities:

Yes

Study abroad program description:

International BBA Summer Program: As an undergraduate in the BBA program, students have a unique opportunity to study abroad at prestigious universities in Asia or Europe during their sophomore or junior year. The International BBA Summer Program enables undergraduates with an interest in international business to travel to Beijing, China, San Jose, Costa Rica, or Koblenz, Germany, for three weeks of intensive study and exploration. In 2009, there is also an Australia Summer Abroad Program available to BBA Seniors. All students receive three credits for participating in these study abroad programs in May and June. For additional information, please see: http://www.umich.edu/~cibe/students/exchangeBBA.htm

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

At the Ross School of Business, University of Michigan, the Net Impact Undergrad chapter was selected as one of 12 other schools to pilot a Net Impact Undergrad chapter during the 2007-2008 school year. Net Impact chapter’s focus is to cultivate the most influential network of undergraduate leaders interested in using business to make a positive impact. Its members' interests and its organizational focuses include, among other things, Corporate social responsibility; Social entrepreneurship; International development; Nonprofit and public management; and Environmental sustainability.

Business clubs and extracurricular activities:

Marketing Club
Finance Club
Healthcare and Life Sciences Club
Michigan Business Women
Black Business Undergraduate Society
Michigan Interactive Investments
Consulting Club
wwwbusumichedu/Organizations/Clubs/

FACULTY

Faculty:

Full-time faculty : 69
Adjuncts and visiting faculty: 32
Permanent/tenured professors: 82
Percentage of permanent/tenured professors who are women: 21
Percentage of permanent/tenured professors who are underrepresented minorities: 1

Prominent faculty:

CK Prahalad
Jim Walsh
Dana Muir

STUDENT LIFE

Largest on-campus organizations for business students:

Michigan Consulting Club
Michigan Finance Club
Michigan Accounting Club
Net Impact
Interactive Investments Club

Freshmen are required to live on campus:

Business students are grouped in learning communities:

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

General Services o Mobile student information web portal (cell, PDA, etc.) o Video on-demand through iTunes U site o Podcasting enabled in all classrooms for faculty o Desktop videoconference for every student (Microsoft LiveMeeting) o Student team collaboration rooms using TeamSpot collaboration software (TideBreak) o Plasma monitors fitted into all group study rooms o 6-seat multimedia production and editing computer lab o Upgraded PCs in student labs (107) o Enterprise enabled Instant Message service (Microsoft Office Communication Service) New 247,000 sq ft building • Upgraded 802.11n Cisco wireless network with 802.1x secure authentication • 20 classrooms equipped with state-of-the-art audio/visual including MediaSite lecture capture, dual-image computer, dual video projectors, assisted listening, electronic document camera, video conference capability, lighting control, audio control and DVD • 24 group study rooms with plasma monitor, network connections and VGA/DVI video connection • Business Center with high-speed, multi-function (print, copy, scan and fax) printers • Information and directional plasma signage at all entrances • Room availability signage on each room (PolyVision)

Trading laboratory available:

Yes

COMMENTS

Under the Career Services section of the survey and the question that is labeled Job Offers, last year we submitted a number of 474 companies that posted full time jobs or offers. After reviewing it this year we realized that it was incorrectly reported. Last year’s should have been 206 and this year represents an increase from the number of offers last year.

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

16,504

Total living alumni:

14,759

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

17 %

Mean alumni gift 2007-08:

$ 5,594

Median alumni gift, 2007-08:

$ 100

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

Prominent alumni:

Name: Stephen M. Ross
Title: Chairman & CEO The Related Companies
Name: William Davidson
Title: Chairman, CEO Guardian Industies
Name: Sanford Robertson
Title: Founding Partner Francisco Partners

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

83 %

Seeking full-time employment in business: 90 %
Not Seeking full-time employment in business: 10 %

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

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

238

Other activities and services provided for business majors:

Peer and Staff Career Counseling, Workshops, Meet the Companies Event

Job offer results, 2008 graduates:

Received first job offer by graduation: 93 %
Received first job offer in three months following graduation: 0 %
Received first job offer more than 3 months after graduation: 0 %
Did not report having received a job offer: 7 %
Accepted first job offer by graduation: 86 %
Accepted first job offer in three months following graduation: 1 %
Accepted first job offer more than 3 months after graduation: 0 %
Did not report having accepted a job offer: 13 %

Top hiring firms:

JPMorgan Chase & Co.
UBS
Credit Suisse Group
Lehman Bros.
Ernst & Young
Deutsche Bank AG
Morgan Stanley
Citigroup Inc.
Bank of America Corp.
Microsoft
Kraft
Goldman Sachs Group
McKinsey & Company

Huron Consulting Group
Plante & Moran, PLLC

Graduate compensation:

Mean base salary: $ 57,024
Median base salary: $ 60,000
Mean signing bonus: $ 6,800
Median signing bonus: $ 5,750
Mean other guaranteed compensation: $ 23,722
Median other guaranteed compensation: $ 8,100

Grads accepted jobs in following functional areas:

Consulting: 18 %
Finance/Accounting: 60 %
General Management: 0 %
Human Resources: 0 %
Management Information Systems: 0 %
Marketing/Sales: 17 %
Operations/Production: 0 %
Logistics/Transportation: 0 %
Other: 5 %

Grads accepted jobs in following industries:

Accounting: 6 %
Consumer Products/Retail: 12 %
Consulting Services: 16 %
Financial Services: 48 %
Government/Education: 0 %
Pharma/Biotech/Health: 0 %
Manufacturing: 6 %
Media/Entertainment: 0 %
Petroleum/Energy: 0 %
Real Estate: 0 %
Sports/Leisure: 0 %
Technology/Science: 6 %
Non-Profit: 0 %
Transportation: 0 %
Utilities: 0 %
Other: 6 %

Percentage of job acceptances, US and Canada:

US: 100 %
Canada: 0 %

Grads accepted jobs in the following US regions:

Northeast: 39 %
Mid-Atlantic: 0 %
Midwest: 46 %
South: 2 %
Southwest: 2 %
West: 11 %
US Possessions/Territories: 0 %

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

Internship postings on job boards, previous academic year:

187

Top internship recruiters, 2007-08:

PricewaterhouseCoopers
Citigroup Inc.
General Motors
JPMorgan Chase & Co.
Credit Suisse Group
UBS
Ernst & Young
Deutsche Bank AG
Morgan Stanley
Bank of America Corp.
Target Corp.
Goldman Sachs Group
Microsoft
American Express

BDO Seidman, LLP

Percentage of internships that were paid, previous academic year

99 %

Mean internship compensation per week:

$ 852

Median internship compensation per week:

$ 877

Average internship, in weeks:

Graduate Comments

I love that are business program is small (1050 total undergrad) compared to the 25,000 undergrad at the university. I get the tight-knight community of the business school, but all the opportunities of the large university.

Very competitive and social pressure though, breeds a very �corporate� mentality and sometimes corners students to think that there are only four major industries to enter in business: finance, marketing, accounting, or consulting. I wish they did more to show how business can be used in all different areas and industries and that it is okay to steer away from the major four areas.

I believe that Michigan gets a bad reputation for its grading policy. People forget that the program is so small and hard to get into. Thus it is full of highly motivated people who I believe would have higher GPAs without the curve. Also, the Office of Career Development has improved their ability to help sophomores get internships.

There are students in each of my classes who seem to have to no business being there. They don�t want to be there and they detract from they overall environment. I wish the admissions process were more selective and I hope that they include interviews as a part of the process. A lot of kids look great on paper and then do absolutely nothing for the school. That�s not the type of student we need.

Sometimes it felt more like a job placement factory than a university. There isn�t much emphasis on learning how to think, more learning how to do.

We come from all sorts of backgrounds, have several interests and skills, and know how to get along with people. I think our program is so unique because of the excellent quality of students and faculty, who are very intelligent, but also very down-to-earth.

A significant part of each class is group work. To succeed at Ross students must effectively work with others. The new Ross School of Business has many conference rooms and meeting areas that cater to group work.

I think the biggest differentiator for me was the ability to go to Washington Campus. This was a weeklong program, paid for by one of our most accomplished alums, that gave 50 BBAs the chance to learn the ins and outs of Washington, and specifically what the role of business in the public policy process.

The three year setup helps relieves some of the stress of a 2-year program and gives students who are unsure if they want to do business an opportunity to do some exploring their first year of college.

The Michigan Business School Alumni network is not only a huge asset to the school in terms of fundraising, but also for students looking for jobs and advice.

Have you seen the new building? No one else would dare waste $100M on something that looks like that.