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Undergraduate Profile Publish Date 05/27/12

Michigan Technological University

School of Business & Economics

  • Program Basics

      • School of Business and Economics
      • School of Business and Economics
      • Michigan Technological University
      • Academic Office Building
      • Houghton, Michigan
      • 49931
      • United States
      • Program Web site: http://www.mtu.edu/business
      • Program e-mail address: business@mtu.edu
      • Program phone number: 906-487-3597
      • Status: Public (state-operated)
      • AACSB accredited: Yes
      • Year in which the undergraduate business program was founded: 1949
      • Institution: Four Year
      • Business Program: Four Year

  • SCHOOL BASICS

    • Enrollment:

      • Total undergraduate: 5,731
      • Full-time undergraduate business: 380
      • Part-time undergraduate business: 18
      • Distance undergraduate business: 0
      • College or university freshman retention rate: 83 %

    • Percentage of students who graduate from the business program:

      • Within four years of admission to the university: 35 %
      • Within six years of admission to the university: 56 %

    • Undergraduate Business Degrees Offered:

      • BS Accounting
      • BS Finance
      • BS Economics
      • BS Operations and Systems Management
      • BS Management
      • BS Marketing
      • BS Management Information Systems

  • PROGRAM COSTS

      • Annual Tuition (Resident): $12,853.00
      • Annual Tuition (Non-Resident): $25,948.00
      • Annual Required Fees: $456.00
      • Tuition Per Academic Credit (Resident): $420.00
      • Tuition Per Academic Credit (Non-Resident): $857.00
      • Annual Room and Board: $8,648.00
      • Annual Cost of Books: $1,200.00

  • CLASS PROFILE

    • Students in newest entering class that are:

      • Female: 32 %
      • International: 5 %

    • Mean and median age of full-time business students in the newest entering class:

      • Mean: 19
      • Median: 19

    • Percentage of newest entering class:

      • Top 10% of high school class: 13 %
      • Top 25% of high school class: 30 %
      • GPA of 3.75 or higher: 28 %
      • GPA of 3.5 to 3.74: 19 %

    • ACT scores for the newest entering class of full-time undergraduate business students:

      • Mean: 25
      • Median: 25

    • Middle 50% range of ACT scores:

      • From: 22
      • To: 27

    • Citizenship breakdown for newest entering class:

      • US: 95 %
      • Other Non-US Citizens: 3 %
      • Dual Citizenship: 2%
      • Unknown Citizenship: 0 %

    • U.S. citizens in newest entering class:

      • African American: 3 %
      • Asian American: 0 %
      • Hispanic or Latino American: 0 %
      • Multiethnic/Multiracial: 3 %
      • Native American: 3 %
      • White (Non-Hispanic): 83 %
      • Chose not to report: 8 %

    • Regional breakdown of U.S. citizens in newest entering class:

      • Northeast: 0 %
      • Mid-Atlantic: 0 %
      • South: 3 %
      • Southwest: 0 %
      • Midwest: 97 %
      • West: 0 %
      • Possessions and territories: 0 %

  • ADMISSIONS - Getting Into the Institution

    • Standardized tests required of all applicants:

      • Domestic: ACT or SAT
      • International: Proof of English proficiency (TOEFL, SAT, IELTS, others)
      • Minimum SAT score on 1600 scale (if applicable) required for admission: 1485, 1485
      • Minimum ACT Score (if applicable) required for admission: 22, 22
      • Minimum High School GPA (if applicable) required for admission: 2.75, 2.75
      • Interviews are: Not required

    • Application deadlines:

      • Fall 2012 7/1/2012
      • Spring 2013 12/1/2012
      • Summer 2013 4/1/2013
      • Fall 2013 7/1/2013
      • Additional application requirements: Visual and Performing Arts applicants must submit responses to essay questions and examples of creative work. Transfer students must submit official transcripts from all prior colleges attended. International students must submit additional documents. See www.mtu.edu/international
      • Total undergraduate applicants, all programs: 4,578
      • Percentage of applicants admitted: 75 %
      • Percentage of admitted applicants who enrolled: 34 %
      • International applicants: 8 %
      • Female applicants: 32 %

    • Relative Importance of Application Elements

      • Secondary school record: Very Important
      • Class rank: Considered
      • Talent/ability: Important
      • Interview: Not Considered
      • Extracurricular activities: Considered
      • Volunteer work: Considered
      • Character/personal abilities: Considered
      • Application essay: Considered
      • Work experience: Not Considered
      • SAT/ACT scores: Very Important
      • Recommendations: Considered
      • High school GPA: Very Important

  • ADMISSIONS - Getting Into the Business Program

      • Undergrad business program admissions are managed by: The university admissions office
      • Total undergraduate business applicants: 192
      • Percentage of applicants admitted: 52 %
      • Percentage of admitted applicants who enrolled: 36 %

    • Admission requirement for admission to the undergraduate business program

      • Minimum SAT: 1485, 1485
      • Minimum ACT: 22, 22
      • Minimum high school GPA: 2.75, 2.75
      • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: No
      • What exam other than SAT/ACT is required?: N/A
      • Admissions interviews for the undergraduate business program are: Not required

    • Freshman admission:

      • Does the business program admit freshmen?: Yes
      • Percentage of business program admits in most recent entering class who were freshman: 84 %
      • Are freshman business admits required to complete or obtain minimum GPAs in pre-business courses before taking upper-level courses? No
      • Process for freshmen admission?: Indicate interest on university application
      • Additional application requirements for freshman admits: Applicants to program within the Visual and Performing Arts department must submit responses to essay questions and examples of creative work. Transfer students must submit additional documents. See www.mtu.edu/international

    • Internal transfers:

      • Method for handling internal transfers: Declare business major
      • Minimum college GPA for internal transfers to the business program: 2.0
      • Additional application requirements, including course/grade requirements: n/a

  • CAMPUS LIFE

    • Five largest on-campus organizations for business students:

      • American Marketing Association
      • Kappa Sigma Iota
      • DECA
      • Entreprenuership Club
      • Business Professionals of America
      • Are freshmen required to live on campus?: Yes
      • Are business students grouped together in 'learning communities' in housing and other facilities?: No

  • PROGRAM REQUIREMENTS

    • Minimum number of credit hours required to receive an undergraduate business degree:

      • BS 128

    • Other requirements for the undergraduate business degree

      • Business Core Courses = 48 credits. Business Major Courses vary by major, but the average is 30 credits. Math and Science = 16 credits. General Education = 28 credits. Free electives vary but the average is 6 credits.

  • ACADEMICS

    • Average class size:

      • Required business classes: 35
      • Business electives: 31

    • Percentage of business classes:

      • With 20 or fewer students: 40 %
      • With 21 to 50 students: 44 %
      • With more than 50 students: 16 %

    • Course enrollment:

      • Percentage of required business courses reaching maximum enrollment by the first day of class: 32 %
      • Percentage of required business courses with waiting lists: 14 %

  • CURRICULUM

    • Electives:

      • Available business electives: 18
      • Last curriculum overhaul: 2010
      • Total business faculty: 41
      • Percentage of the total faculty that is tenured or tenure track: 59 %

    • Most prominent faculty:

      • Dr. Sonia Goltz
      • Dr. Dean Johnson
      • Dr. Mark Roberts

    • Business program's leading areas of study:

        • Accounting
        • Economics
        • Finance
        • Marketing
        • General Management
      • Special programs: Business Development Experiences, Applied Portfolio Management Program, International Business Ventures, Numerous Entrepreneurship Programs, including: Nanotechnologies, Aerospace, and Information technologies.
      • Work study: Michigan Technological University's School of Business and Economics has numerous opportunities with employers such as: Ernst & Young, DOW Chemical, Wells Fargo, Boeing, Harley Davidson, 3M, Liberty Mutual, and Edward Jones.
      • Study abroad programs: Michigan Technological University has exchange agreements with Universities in 17 foreign countries. We are also an active participating university in study abroad programs through University Study Abroad Consortium (USAC). This consortium provides study abroad opportunities in 39 locations with 24 countries.
      • Volunteer opportunities: We promote many avenues for volunteer opportunities and community service, including: Copper Country Humane Society, Little Brothers Friends of the Elderly, American Red Cross, and United Way Fundraising.

    • Extra-curricular activities:

      • Entrepreneurship Club
      • Kappa Sigma Iotta-- Accounting Club
      • American Marketing Association
      • Finance Club
      • Association of IT Professionals
      • DECA
      • Business Professionals of America

  • FINANCIAL AID

      • Who manages financial aid for the business program?: Central financial aid office at the university
      • Financial aid web site: http://www.mtu.edu/finaid

    • Scholarships

      • Scholarship money distributed to business students last year: $1,830,194.00
      • Expected scholarship distribution to business students this year: $1,667,560.00
      • Scholarships are awarded to business students based on: academic merit
      • Students receiving institutional scholarships in the current academic year: 76 %
      • Students receiving full-tuition institutional scholarships in the current academic year: 4 %
      • Institutional scholarship money distributed to undergraduate business students based on need: 59 %
      • Institutional scholarship money distributed to undergraduate business students based on merit: 94 %

    • Loans

      • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
      • Mean outstanding debt, most recent graduating class: $24,574.00

  • CAREER SERVICES

    • Employment Information

      • Percentage of most recent business graduates who supplied information regarding employment: 45 %
      • Percentage seeking full-time professional employment in business: 91 %
      • Percentage not seeking full-time professional employment in business: 9 %

    • Received first job offer:

      • By graduation: 20 %
      • After graduation, but within 3 months: 10 %
      • More than 3 months after graduation : 34 %
      • No job offer reported: 12 %

    • Accepted first job offer:

      • By graduation : 20 %
      • After graduation, but within 3 months: 10 %
      • More than 3 months after graduation: 34 %
      • No job acceptance reported: 12 %
      • Companies recruiting business students on campus: 78
      • Companies posting job offers for business students on school job boards: 283

    • Top employers (number of students hired):

      • Sentry Insurance 3
      • Deloitte and Touche 2
      • Midwest Manufactuing 2
      • ArcelorMittal 1
      • Liberty Mutual 1
      • Target Corporation 1
      • Wipfli CPAs & Consultants 1
      • Kornhorn Financial Group 1
      • Laforce, Inc 1
      • Make Corporation 1
      • Michigan Technological University 1
      • Microblock 1
      • Norfolk Southern 1
      • Proctor Financial 1
      • River Valley Bank 1

    • Compensation

      • Mean base salary: $38,637.00
      • Median base salary : $33,500.00

    • Most recent graduates accepted jobs in the following functional areas:

      • Consulting: 0 %
      • Finance/Accounting: 29 %
      • General Management: 12 %
      • Human Resources: 0 %
      • Management Information Systems: 12 %
      • Marketing/Sales: 18 %
      • Operations/Production: 12 %
      • Logistics/Transportation: 0 %
      • Other: 17 %

    • Most recent graduates accepted jobs in the following industries:

      • Accounting: 11 %
      • Consumer Products/Retail : 16 %
      • Consulting: 0 %
      • Financial Services: 16 %
      • Government/Education: 0 %
      • Pharma/Biotech/Health: 0 %
      • Manufacturing: 16 %
      • Media/Entertainment: 0 %
      • Petroleum/Energy: 0 %
      • Real Estate: 0 %
      • Sports/Leisure: 0 %
      • Technology/Science: 0 %
      • Non-Profit: 0 %
      • Transportation: 5 %
      • Utilities: 0 %
      • Other: 36 %

    • Job offers accepted by most recent graduates in North America:

      • US: 100 %
      • Canada: 0 %

    • Percentage of 2009-10 academic year graduates who accepted jobs in regions of US:

      • Northeast: 6 %
      • Mid-Atlantic: 6 %
      • Midwest: 82 %
      • South: 6 %
      • Southwest: 0 %
      • Possessions and territories: 0 %
      • Career services offered: Mock interviews, resume/cover letter writing advice and reviews, career advising, interview scheduling, seminars, career fairs, career development class, opportunities to meet employers by participating in our student advisory board, job board career planning assessments.

  • INTERNSHIPS

      • Companies recruiting business students for internships on campus: 363
      • Companies posting internship offers for business students on school job boards: 55

    • Top internship employers (number of students hired):

      • Fengxian Waste Water Management; China 1
      • Laurium Manor Inn; Michigan, USA 1
      • Walmart; Ohio, USA 2
      • Suzhou Road Design; China 1
      • Taylor West, LLC; Minnesota, USA 1
      • Thrivent Financial; Wisconsin, USA 1
      • Michigan Technological University; Michigan, USA 3
      • Great Lakes ACC; Michigan, USA 1
      • China Construction Bank; China 2
      • Cosco Container Lines; Illinois, USA 1
      • Star Equipment; Canada 1
      • Shanghai Security LTD; China 1
      • Inn of Mackinac; Michigan, USA 1
      • Thomas Reuters; Michigan, USA 1
      • Center Ice Sports; Michigan, USA 1

    • Internship pay

      • Internships that are paid: 100 %
      • Mean compensation, per week, for paid internships only: $10.00
      • Median compensation, per week, for paid internships only: $9.00
      • Average internship length, in weeks: 10

  • B-SCHOOL ALUMNI

      • Total number of undergraduate business program graduates since inception: 4,951
      • Total living alumni of the undergraduate business program: 4,675
      • Percentage of living alumni who contributed to the business program or university in the last academic year: 10 %

    • Alumni gifts

      • Mean Gift: $3,892.00
      • Median Gift: $100.00
      • Did the business program receive a gift of $10 million or more in the last academic year? No

    • Prominent alums of the undergrad business program

      • John Benaglio Chairman of the Group Executive Committee and General Partner of the German-base Heitkamp and Thumann Group
      • John Rockwell Managing Director of Element Partners
      • John F. Calder Chief Executive Officer of Cincinnati Controls

Getting In

B-School Life

Finding a Job

Paying the Bills