Michigan Technological University

School of Business & Economics

  • Annual Tuition
    $13,095
    $ $ $ $ $
  • Program Enrollment
    305
  • Program Length
    Four Year
Contact Information
1400 Townsend Drive
Houghton, Michigan 49931, United States
Website

About School of Business & Economics

At the School of Business and Economics, our goal is to educate high-quality students who focus on innovation, new technologies, entrepreneurship, and business development. Our staff and faculty work closely with students, alumni, industry leaders, and business professionals to provide a unique and distinctive career path. We are constantly developing our current programs, as well as offering the Business Development Experience where students gain real life experience while attending Michigan Tech.

Quick Stats

  • Selectivity
    71%
  • Yield
    26%
  • Job Offers
    38%
  • Average Salary
    $39,202
  • Top Industry
    Other
  • School Status
    Public
  • Accreditation
    AACSB Accredited

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About Michigan Technological University

Admissions

Admissions Selectivity
71% Michigan Technological University 58% Average Across All Schools
Most Important Admissions Factors
  1. SAT/ACT scores
  2. High school GPA
  3. Recommendations
University Admissions
  • Min. SAT 1485
  • Min. ACT 22
  • Min. GPA 2.75
B-School Admissions
  • Min. SAT 1485
  • Min. ACT 22
  • Min. GPA 2.75
More Information
Total Applications
  • Applied
  • Accepted
  • Accepted Apps Enrolled
4214% 4,214
71% 71
26% 26
71% School Selectivity
26% School Yield
Demographics of Applicants
  • Male Applicants
  • Female Applicants
  • International Applicants
  • U.S. Applicants
Application Deadlines
Jul 1
Fall 2013
Dec 1
Spring 2014
Apr 1
Summer 2014
Jul 1
Fall 2014
Required Tests
  • ACT or SAT
  • Are Interviews Required? Not required
Additional Requirements:

Additional application requirements for international, non English speaking and transfer students include proof of English proficiency. We accept their TOEFL, SAT, or IELTS scores to demonstrate language ability.

Total Applications to Program
  • Applied
  • Accepted
  • Accepted Apps Enrolled
0% 0.0
Program Requirements
  • Admissions managed by Business Program
  • Are interviews required? Not required
Required Tests

N/A

Transfer Requirements
  • How internal transfers are handled Declare business major
  • Min college GPA for transfers 3.0
  • Other transfer requirements N/A
Freshman Requirements
  • Freshman admissions Yes
  • Percent of admitted applicants who are freshmen 68
  • Min GPA required in pre-business courses No
  • How freshmen are admitted Indicate interest on university application
Other Requirements for freshman

N/A

Careers

Other 71%
Top Industry
  • Financial Services 7%
  • Non-profit 2%
  • Petroleum/Energy 0%
Walmart 6
Top Employer
  • Office Depot 2
  • Superior National Bank 2
  • Eli Lily 1
Job offers within 3 months after graduation
38% School of Business & Economics 75% Average Across All Schools
More Information
Job Offers Received and Accepted
  • This School
  • All Schools
By Graduation
27% 27
59% 59.267238095238085
27% Receive Offers
25% 25
56% 55.65923664122137
25% Accept Offers
After graduation, but within 3 months
11% 11
16% 16.189999999999998
11% Receive Offers
13% 13
17% 17.25698275862069
13% Accept Offers
More than 3 Months after graduation
52% 52
10% 10.193835616438358
52% Receive Offers
52% 52
13% 12.771399999999998
52% Accept Offers
80% Graduates seeking full-time employment
20% Graduates not seeking employment
77% Percentage of graduates for whom employment information is available
Salaries and Percentages of Job Accepting Graduates
Area Grads Accepting Jobs Avg. Salary 10k 50k 100k 150k 190k
Consulting
0% 0
Data not provided
Finance/Accounting
11% 11
$29,950.00
21K 35K
General Management
9% 9
$42,250.00
38K 55K
Human Resources
0% 0
Data not provided
Management Information Systems
5% 5
$52,000.00
42K 62K
Marketing/Sales
2% 2
$51,000.00 Data not provided
Operations/Production
5% 5
$51,000.00
40K 62K
Logistics/Transportation
2% 2
$47,000.00 Data not provided
Other
66% 66
$37,406.00
20K 52K
Area Grads Accepting Jobs Avg. Salary 10k 50k 100k 150k 190k
Accounting
0% 0
Data not provided
Consumer Products/Retail
9% 9
$38,000.00 Data not provided
Consulting
0% 0
Data not provided
Financial Services
7% 7
$26,400.00
21K 32K
Government/Education
2% 2
$32,000.00 Data not provided
Pharma/Biotech/Health
0% 0
Data not provided
Manufacturing
0% 0
Data not provided
Media/Entertainment
0% 0
Data not provided
Non-Profit
2% 2
$40,000.00 Data not provided
Petroleum/Energy
0% 0
Data not provided
Real Estate
0% 0
Data not provided
Sports/Leisure
0% 0
Data not provided
Technology/Science
7% 7
$51,666.00
42K 62K
Transportation
2% 2
$55,000.00 Data not provided
Utilities
0% 0
Data not provided
Other
71% 71
$40,000.00 Data not provided
Area Grads Accepting Jobs Avg. Salary 10k 50k 100k 150k 190k
U.S. Northeast
0% 0
Data not provided
U.S. Mid-Atlantic
2% 2
Data not provided
U.S. South
7% 7
$45,000.00
35K 50K
U.S. Southwest
2% 2
Data not provided
U.S. Midwest
84% 84
$36,657.00
15K 62K
U.S. West
5% 5
$58,500.00
55K 62K
U.S. Possessions/Territories
0% 0
Data not provided
Canada
0% 0
Data not provided
Salaries for Most Recent Graduates
Salaries for Most Recent Graduates
Internship Employers / Interns Hired
  • Mindovo, Inc. 1
  • Ford Motor Company 1
  • CNH 1
  • Thomson Reuters 1
  • Graebel Van Lines 1
Internship Services
  • Companies that recruit interns on campus
  • Companies that posted internships on school message board
  • Average intern length in weeks
  • Percentage of internships that are paid 55
Career Services
  • Number of companies that recruited students on campus 92
  • Number of companies that posted full-time jobs on school message boards 256
Other activities and career services provided to undergraduate business students:
Our Career Services office provides the following services for undergraduate business majors: mock interviews, resume/cover letter writing advice and reviews, career advising, interview scheduling, seminars, career fairs, career development classes, opportunities to meet employers, job boards, and career planning assessments.

Cost

Resident
$ $ $ $ $
$23,418
Total Yearly Cost
  • Tuition $13,095
  • Fees $258
  • Expenses $10,065
Non-Resident
$ $ $ $ $
$37,323
Total Yearly Cost
  • Tuition $27,000
  • Fees $258
  • Expenses $10,065
70% Percent of Institutional Grants or Scholarships 5% Percent of Full-tuition Institutional Grants or Scholarships
Basis for Grants or Scholarships
  • Need 44%
  • Merit 54%
More Information
Financial Aid
  • Financial Aid Management No
  • Website http://www.mtu.edu/finaid
Scholarships
$1,734,165
Total aid distributed to undergrad business students last year
$1,429,748
Total aid distributed to undergrad business students this year
Loans
  • Loan Guarantee Policy No
  • Max Loan Guarantee Per Year

Academics

Average Class Size
  • School of Business & Economics
  • All Schools
Core Business Classes
36% 33
50% 46
Elective Business Classes
41% 24
50% 29
Required Classes with a Waiting List
7 School of Business & Economics 12 Average Across All Schools
* On the First Day of Enrollment
Top Areas of Study
  • Accounting
  • Economics
  • Finance
  • General Management
  • Marketing
More Information
Business Program Classes
34% Less than 20 Students 4% More than 50 Students
57% 21 to 50 students
24 Average number of students in non-business required electives
12 Different Elective Courses
New Electives
  • Procurement in Supply Chain Management
  • Advanced Supply Chain Management
  • Advanced Project Management
  • Logistics and Transportation Management
  • Program length Four Year
  • Last change to curriculum 2010
Degrees Offered / Credits Required
  • BS Accounting 128
  • BS Finance 128
  • BS Economics 128
  • BS Management Information Systems
  • BS Management
  • BS Marketing
  • BS Engineering Management
Faculty
  • All Faculty
  • Tenured
44% 44
55% 55
Prominent Faculty
  • Gary Campbell

    Economics

  • Mark Roberts

    Economics

  • Dean Johnson

    Finance
  • Are work study or co-ops available? Yes
  • Description of work study / co-ops:

    Michigan Technological University's School of Business and Economics has numerous work study and co-op opportunities with employers such as: Ernst and Young, Dow Chemical, Wells Fargo, Boeing, Harley Davidson, 3M, Liberty Mutual, and Edwards Jones.

  • Is study abroad available? Yes
  • Description of study abroad programs:

    Michigan Technological University has exchange agreements with universities in 17 foreign countries. We are also an active participating university in the University Study Abroad Consortium. This provides study abroad opportunities in thirty-nine locations with twenty-four countries.

  • Is community service or volunteering available? Yes
  • Description of community service/volunteering:

    We promote many opportunities for volunteering and community service including: Copper Country Humane Society, Little Brothers Friends of the Elderly, American Red Cross, and United Way Fundraising.

Students

30% Students in Top 10% of High School Class 32% Students with High School GPA over 3.75
25 75th Percentile Score on ACT
Student Body Breakdown
  • International Students
  • U.S. Students
  • Male Students
  • Female Students
Ethnicity of Students
White
82% 82
Not Reported
11% 11
Hispanic
4% 4
* Percentages are for U.S. citizens in most recent entering class; only top three responses shown.
More Information
U.S. Regional Breakdown
0%
100%
0%
0%
0%
0%
Student Citizenship
U.S.
88% 88
Other Non-U.S. Citizenship
9% 9
Canada
3% 3
Dual Citizenship
0% 0
19 Average age of full-time students
83% Freshman retention rate
Graduation Rate
  • 4 Years
  • 6 Years
25% 25
42% 42

Alumni

Alumni Donors
Total Living Alumni 4,734
Alumni Donations
$8,199 Average Gift $1,144,000 Largest Gift
Most Prominent Alumni
  • David Brule

    President/CEO Northern Star Industries, Inc.

  • John Rockwell

    Managing Director DFJ Element

  • Chang Park

    President and CEO Universal Remote Control Inc.