Program Basics

• • Carlson School of Management Undergraduate Program
  • Carlson School of Management
  • 1925 4th St. S.
  • Suite 2-190
  • Minneapolis, Minnesota
  • 55455
  • United States
  • Program Web site: http://www.carlsonschool.umn.edu/undergraduate
  • Program e-mail address: advisingbsb@umn.edu
  • Program phone number: 612-624-3313
  • Status: Public (state-operated)
• • AACSB accredited: Yes
• • Year in which the undergraduate business program was founded: 1919
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Total undergraduate: 30,610
  • Full-time undergraduate business: 2,138
  • Part-time undergraduate business: 66
• • College or university freshman retention rate: 96 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 74 %
  • Within six years of admission to the university: 91 %

• Undergraduate Business Degrees Offered:

  • Bachelor of Science in Business/BSB

PROGRAM COSTS

• • Annual Tuition (Resident): $11,650.00
• • Annual Tuition (Non-Resident): $16,650.00
• • Annual Required Fees: $2,082.00
• • Tuition Per Academic Credit (Resident): $448.00
• • Tuition Per Academic Credit (Non-Resident): $640.00
• • Annual Room and Board: $7,728.00
• • Annual Cost of Books: $1,000.00

CLASS PROFILE

• Students in newest entering class that are:

  • Female: 41 %
  • International: 6 %

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

  • Mean: 18
  • Median: 18

• Percentage of newest entering class:

  • Top 10% of high school class: 54 %
  • Top 25% of high school class: 93 %
  • GPA of 3.75 or higher: 52 %
  • GPA of 3.5 to 3.74: 28 %

• SAT scores (1600 scale) for the newest entering class of full-time undergraduate business students:

  • Mean: 1297
  • Median: 1280

• Middle 50% range of SAT scores (1600 scale):

  • From: 1250
  • To: 1360

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

  • Mean: 29
  • Median: 29

• Middle 50% range of ACT scores:

  • From: 28
  • To: 30

• Citizenship breakdown for newest entering class:

  • US: 94 %
  • Other Non-US Citizens: 6 %

• U.S. citizens in newest entering class:

  • African American: 1 %
  • Asian American: 9 %
  • Hispanic or Latino American: 3 %
  • Native American: 1 %
  • White (Non-Hispanic): 86 %

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

  • Mid-Atlantic: 1 %
  • South: 1 %
  • Southwest: 1 %
  • Midwest: 95 %
  • West: 2 %

ADMISSIONS - Getting Into the Institution

• Standardized tests required of all applicants:

  • ACT and Writing or SAT
• • Interviews are: Not offered

• Application deadlines:

  • Fall 2012 12/15/2011
• • Additional application requirements: U of MN requires all non-native English speakers to demonstrate sufficient command of the English language necessary to study collegiate level English courses
• • Total undergraduate applicants, all programs: 58,782
• • Percentage of applicants admitted: 33 %
• • Percentage of admitted applicants who enrolled: 32 %
• • International applicants: 10 %
• • Female applicants: 41 %

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Very Important
  • Talent/ability: Very Important
  • Interview: Not Considered
  • Extracurricular activities: Very Important
  • Volunteer work: Very Important
  • Character/personal abilities: Very Important
  • Application essay: Not Considered
  • Work experience: Very Important
  • 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: 8,146
  • Percentage of applicants admitted: 19 %
  • Percentage of admitted applicants who enrolled: 40 %
• • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: No
• • Admissions interviews for the undergraduate business program are: Not offered

• Freshman admission:

  • Does the business program admit freshmen?: Yes
  • Percentage of business program admits in most recent entering class who were freshman: 88 %
  • Are freshman business admits required to complete or obtain minimum GPAs in pre-business courses before taking upper-level courses? Yes
  • Process for freshmen admission?: Indicate interest on university application
  • Additional application requirements for freshman admits: ACT written portion, 4th year of High School Math( Calculus preferred). 3rd year of High School Science to include Physics. Strong leadership involvement

• Internal transfers:

  • Minimum college GPA for internal transfers to the business program: 3.0
  • Additional application requirements, including course/grade requirements: Microeconomics, Macroeconomics and Calculus must be completed with C- or better. Strong academic record (average admits GPA is 3.6) strong activities addendum, strong writing skills.

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Business Board
  • Women in Business
  • Business Association of Multicultural Studies
  • Entrepreneurship Club
  • Student Accounting and finance
• • Are freshmen required to live on campus?: No
  • Are business students grouped together in 'learning communities' in housing and other facilities?: Yes

PROGRAM REQUIREMENTS

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

  • BSB 120

• Other requirements for the undergraduate business degree

  • International experience is required for all students.

ACADEMICS

• Average class size:

  • Required business classes: 70
  • Business electives: 48
  • Non-business electives: 39

• Percentage of business classes:

  • With 20 or fewer students: 5 %
  • With 21 to 50 students: 75 %
  • With more than 50 students: 20 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 70 %
  • Percentage of required business courses with waiting lists: 4 %

CURRICULUM

• Electives:

  • Available business electives: 63
  • New electives: Life Science in South Africa- An International Business Perspective
• • Last curriculum overhaul: 2007
  • Total business faculty: 151
  • Percentage of the total faculty that is tenured or tenure track: 34 %

• Most prominent faculty:

  • Alok Gupta
  • Michelle Duffy
  • Shaker Zahra

• Business program's leading areas of study:

  • • Accounting
    • Finance
    • Marketing
    • Supply Chain Management
    • Management Information Systems
• • Special programs: International experience requirement, Enterprise Program( experiential programs-highly selective: Funds, Consulting, Ventures, Brands). Entrepreneurship in Action course, Leadershape, Case competitions.
• • Study abroad programs: Required international experience for all students. Nearly 28 exchange programs with partner business schools. 12 short term global enrichment options. Over 300 additional options available through campus-wide Learning Abroad Center.
• • Volunteer opportunities: Available through "Carlson Goes to Work" School-wide service day sponsored by Net Impact, through Business Board, Emerging Leadership program and student organizations.

• Extra-curricular activities:

  • Case Competition
  • Carlson School Enterprises
  • 20 Plus Student organizations
  • Ambassador Program
  • Business Week Annual Celebration
  • Leadershape

FINANCIAL AID

• • Who manages financial aid for the business program?: Central financial aid office at the university
  • Financial aid web site: http://onestop.umn.edu/finances

• Scholarships

  • Scholarship money distributed to business students last year: $4,343,929.00
  • Expected scholarship distribution to business students this year: $5,104,749.00
  • Scholarships are awarded to business students based on: a combination of need and merit
  • Students receiving institutional scholarships in the current academic year: 58 %
  • Students receiving full-tuition institutional scholarships in the current academic year: 3 %
  • Institutional scholarship money distributed to undergraduate business students based on need: 22 %
  • Institutional scholarship money distributed to undergraduate business students based on merit: 78 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt, most recent graduating class: $26,901.00

CAREER SERVICES

• Employment Information

  • Percentage of most recent business graduates who supplied information regarding employment: 95 %
  • Percentage seeking full-time professional employment in business: 90 %
  • Percentage not seeking full-time professional employment in business: 10 %

• Received first job offer:

  • By graduation: 73 %
  • After graduation, but within 3 months: 14 %
  • More than 3 months after graduation : 2 %
  • No job offer reported: 11 %

• Accepted first job offer:

  • By graduation : 73 %
  • After graduation, but within 3 months: 14 %
  • More than 3 months after graduation: 2 %
  • No job acceptance reported: 11 %
• • Companies recruiting business students on campus: 68
  • Companies posting job offers for business students on school job boards: 604

• Top employers (number of students hired):

  • Target Corporation 22
  • Deloitte 17
  • General Mills Inc 14
  • PricewaterhouseCoopers 11
  • United Health Group 11
  • Best Buy 9
  • Cargill Incorporated 9
  • Ernst & Young 9
  • Accenture 8
  • Kohl's 7
  • Ameriprise Financial 5
  • KPMG 5
  • Piper Jaffray 5
  • Wells Fargo 5
  • 3M Company 4

• Compensation

  • Mean base salary: $50,530.00
  • Median base salary : $50,000.00
  • Mean signing bonus: $5,135.00
  • Median signing bonus: $4,000.00

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

  • Consulting: 9 %
  • Finance/Accounting: 42 %
  • General Management: 8 %
  • Human Resources: 3 %
  • Management Information Systems: 7 %
  • Marketing/Sales: 21 %
  • Operations/Production: 8 %
  • Other: 2 %

• Most recent graduates accepted jobs in the following industries:

  • Accounting: 16 %
  • Consumer Products/Retail : 27 %
  • Consulting: 11 %
  • Financial Services: 16 %
  • Government/Education: 2 %
  • Pharma/Biotech/Health: 6 %
  • Manufacturing: 11 %
  • Media/Entertainment: 4 %
  • Technology/Science: 5 %
  • Other: 2 %

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

  • US: 100 %

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

  • Northeast: 3 %
  • Midwest: 90 %
  • South: 2 %
  • Southwest: 1 %
  • West: 4 %
• • Career services offered: The UBCC offers career services exclusively to business students. This includes a required career skills class, proprietary on-line recruiting system, and semi-annual career fairs. In addition, students are provided with individual appointments, workshops, an elective discovery class, mentorship program, peer career coaches and Mock interviews.

INTERNSHIPS

• • Companies recruiting business students for internships on campus: 59
  • Companies posting internship offers for business students on school job boards: 41

• Top internship employers (number of students hired):

  • Target Corporation 16
  • Land O' Lakes 11
  • Ernst & Young 10
  • PricewaterhouseCoopers 9
  • Cargill Incorporated 8
  • Best Buy 6
  • United Health Group 6
  • Ingersoll Rand 5
  • Wells Fargo 5
  • Deloitte 4
  • General Mills, Inc 4
  • Thompson Reuters 4
  • Travelers 4
  • 3M Corporation 3
  • Abbott Laboratories 3

• Internship pay

  • Internships that are paid: 97 %
  • Mean compensation, per week, for paid internships only: $690.00
  • Median compensation, per week, for paid internships only: $690.00

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 37,979
  • Total living alumni of the undergraduate business program: 33,324
  • Percentage of living alumni who contributed to the business program or university in the last academic year: 4 %

• Alumni gifts

  • Mean Gift: $1,046.00
  • Median Gift: $75.00
  • 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

  • Thomas O. Staggs Chairman, Walt Disney Parks and Resorts, The Walt Disney Company
  • Thia Breen President, Estee Lauder
  • John Hammergren Chairman and CEO, McKesson Corp.

• • -The classes are truly challenging because I am competing against the best of the best students, and the professors teach from their experience and teach us skills and ethics that will actually be useful in the real world.
    
    -I'm hoping that the new dean we get will be more interactive and present among undergraduate students. I feel that is important in bringing the community together.
    
    -The Carlson School of Management is a unique program because it offers amazing career search support and amazing academic support. Our advisors are fully dedicated to the success of their students, and they are involved in our program recruitment events.
    
    -The Carlson name is very prestigious in the Midwest area, but it could be improved by expanding the strength of the Carlson name outside of the Midwest.
    
    -We have a very close-knit program within such a large university. Everyone seems to care about the Carlson community. All of my professors have known me by name and remember my name years after having class with them.
    
    -Although I believe I-Core is a net positive for the school, it is very stressful. In fact, the competitive nature of the course may lead students to be sick from the stress of the program. If the average GPA was adjusted from a 3.0 +/- 0.2 to a 3.2 +/- 0.3, I believe that professors could accurately reflect the amount of work students put into each class and provide a healthier learning environment for Undergraduate students.
    
    -We are given the opportunity to take classes in every major. I would probably never have chosen Finance as my major if not for being forced to take the class. I am very glad the school believes in a well-rounded program because I was able to find what I was really passionate about.
    
    -The business program is currently structured so that from spring of a student's sophomore year onward, almost all classes are taken at Carlson. While I can understand why the school does this, I think its program would be stronger if it encouraged students to take more classes outside of the business program to broaden student perspectives and class discussions.
    
    -Our relationship with business around the Twin Cities is exceptional. We are continuously getting one-on-one time with recruiters from Fortune 500 companies, and I truly believe our career preparation program is one of the best in the country.
    
    -I think that the grading curve might need to be re-evaluated.
    
    -I think the Carlson School of Management's I-Core semester is the defining part of the school's Undergraduate education. Not only does it teach students how to study efficiently, but it also motivates them to learn far more than what each class requires of students. Because the four classes are taken with the same people, it also gives students the chance to make friends and work in team projects. I-Core is a very difficult time in a Carlson student's life, but the end product of the experience is worth the hardship of the courses themselves.
    
    -I feel that some of the professors at CSOM are more researched oriented, which is great for some subjects, but for other programs like Finance, having professors that have had that "real work" experience with different companies I feel is more beneficial to the students.
    
    -The Carlson School of Management is unique because they challenge students to be knowledgeable about every aspect of business, regardless of their major. I also think their study abroad requirement forces students to experience cultural difference, which is important in the increasing globalization of our world. Our Career Center is also very responsive to needs and hosts many career-prep events.