UNDERGRADUATE Profiles Publish Date 2/26/09

University of Minnesota

Carlson School of Management

Getting In

PROGRAM BASICS

Carlson School Undergraduate Program

1925 4th St S
Suite 2-190
Minneapolis , Minnesota 55455

Public Institution

Web site

http://www.carlsonschool.umn.edu/Page3223.aspx

Program e-mail address:

advisbsb@umn.edu

Program telephone number:

(612) 624-3313

AACSB accredited:

Yes

Accreditation other than AACSB:

NCACS

Year in which the undergraduate business program was founded:

1919

Length of entire institution:

Four Year

Business program length:

Four Year

Degrees offered:

Degree/Program Name:
BSB/Accounting
BSB/Entreprenurial Management
BSB/Finance
BSB/Finance & Risk Management Insurance
BSB/Human Resources & Industrial Relations
BSB/International Business
BSB/Management Information Systems

PROGRAM COSTS

Annual Tuition (Resident):

$ 10,806

Annual Tuition (Non-Resident)

$ 14,806

Cost per academic credit (resident)

$ 327

Cost per academic credit (non-resident)

$ 774

Required fees

$ 2,216

Books:

$ 976

Room and board:

$ 7,280

ENROLLMENT

Full-time undergraduate business student enrollment:

1,965

Total College enrollment for 2008-09:

51,140

ADMISSIONS

Interviews for entire college:

Not offered

Additional application requirements for entire college:

Personal essay, TOEFL (non-English speaking)

Upcoming application deadlines for entire college:

Semester: 09-02-2009
Deadline: 12-15-2008

Freshmen admitted into business program:

Yes

Percentage of business students admitted as freshmen:

70 %

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:

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:

29,173

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

52 %

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

33 %

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:

Considered

Work Experience:

Very Important

SAT/ACT Scores:

Very Important

Recommendations:

Considered

High School GPA:

Very Important

Admissions program managed by:

The university admissions office

Total undergraduate business program applicants, 2008-09:

5,300

Applicants enrolled in undergrad business program 2008-2009:

42 %

Applicants admitted to undergraduate business program, 2008-09:

26 %

CLASS PROFILE

Class Profile:

Female: 50 %
International : 7 %

Entering students by age:

Mean: 18
Median: 18

Citizenship of Entering Students

U.S.: 93 %
Canada: 0 %
Other countries: 7 %
Unknown: 0 %

Percentage of US citizens in entering class who are:

African American: 3 %
Asian American: 7 %
Hispanic or Latino American: 1 %
Multiethnic/Multiracial : 0 %
Native American: 1 %
White (Non-Hispanic): 88 %

Entering students from the following region:

Northeast: 1 %
South: 1 %
Southwest: 1 %
Midwest : 96 %
West: 1 %
Possessions and territories: 0 %

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

Mean: 1295

From: N/A To: N/A

ACT Scores for full-time entering business students:

Mean: 29 Median: N/A

From: N/A To: N/A

Percent of Students Who Were In:

Top 10% of high school class

75 %

Top 25% of high school class:

97 %

FINANCIAL AID

Financial aid handled by:

Central financial aid office at the university

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:

50 %

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

2 %

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

20 %

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

80 %

School offers guaranteed loans:

Financial aid web site

http://onestop.umn.edu/finances/financial_aid/index.html

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

89 %

Business students who graduate within 6 years:

76 %

Freshman retention rate:

97 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BSB
Hours: 120

Other degree requirements:

University's liberal education requirements, general psychology, calculus, microeconomics, macroeconomics, statistics

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:

120

Class size:

Classes with fewer than 20 students: 5 %
Classes with 21 to 50 students: 85 %
Classes with more than 50 students: 10 %

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

75 %

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

15 %

CURRICULUM

Number of elective courses available in business program:

Electives added current year:

Brands & Brand Management
Corporate Strategy in Central & Eastern Europe
Financing Entreprenuerial Advertising
Applied Technology Entrepreneurship
Internet Search Economics Google & New Business

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

2008

Leading areas of study:

Accounting

Entrepreneurship

Finance

Marketing

Supply Chain Management

Nonprofit/Public Management

Special programs for business students:

Ambassador programs, case study competition, Entrepreneurship in Action, mentorship programs, Funds Enterprise

Business program offers work study or co-op opportunities:

Business program offers study abroad opportunities:

Yes

Study abroad program description:

Business Exchange programs, short term Global Enrichment electives, numerous through Carlson International Programs and University Learning Abroad Center

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

Through Honors, Emerging-Leadership program, student organizations

Business clubs and extracurricular activities:

20+ student organizations
Ambassador Program
Mentorship Program
LeaderShape
Case Study Compititions
Annual Business Week
Student Government
Securian Leadership Lecture Series

FACULTY

Faculty:

Full-time faculty : 136
Adjuncts and visiting faculty: 84
Permanent/tenured professors: 77
Percentage of permanent/tenured professors who are women: 23
Percentage of permanent/tenured professors who are underrepresented minorities: 0
Percentage of permanent/tenured professors who are also members of company boards of directors or of advisors: n/a
Percentage of permanent/tenured professors who are business owners: n/a

Prominent faculty:

Norm Bowie
Andrew VandeVen

STUDENT LIFE

Largest on-campus organizations for business students:

Business Board
SAFA-Student Finance & Accounting Association
Women in Business
Entreprenurial Club
BAM-Business Association of Multicultural Students

Freshmen are required to live on campus:

Business students are grouped in learning communities:

Yes

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

Implemented a new Undergraduate laptop program with full Help Desk; hardware support and repairs;Increased email and data storage space available to students, faculty and staff;Upgraded student training lab computers;Created a learning management system which leverages WebCT to better support course management;Web based applications have been created to support student & admin services including online program applications, online scholarship applications, online alumni directory;Expanded research computing platform and databases; Expanded wireless network;Upgraded classroom projectors and podium computers:Added webcast capabilities, including remote automated webcast; Improved web capabilities and services in support of student services; Upgraded distance learning facility

Trading laboratory available:

Yes

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

35,729

Total living alumni:

31,948

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

10 %

Mean alumni gift 2007-08:

$ 3,007

Median alumni gift, 2007-08:

$ 100

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

Prominent alumni:

Name: Thomas O. Staggs
Title: CFO, Walt Disney Company
Name: John H. Hammergren
Title: Chairman & CEO, McKesson Corp
Name: Robert J. Kueppers
Title: Deputy CEO, Deloitte & Touche USA

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

74 %

Seeking full-time employment in business: 97 %
Not Seeking full-time employment in business: 3 %

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:

526

Other activities and services provided for business majors:

The Undergraduate Business Career Center (UBCC) is responsible for meeting the career planning and placement needs of Carlson School undergraduate students. It does this by providing high quality services and resources such as individual appointments, workshops, classes and the mock interview program. In addition, The Edge, an online recruiting software solution, provides a wide array of services, contacts, and opportunities that help students, recruiters and staff maximize the recruiting relationship. Successful career planning and placement assistance services have a direct impact on students' satisfaction. In an effort to help students be successful with career planning and placement, the UBCC provides 15+ sections of a one-credit required career skills class, each year. Students move through tactical career skills development, such as resume writing, interviewing and networking and culminate with an individual strategic career plan. The UBCC has also created a business planning strategy which allows the school to continue to provide students with high quality job opportunities as the undergraduate student population expands. The UBCC is dedicated to seeking new internship and permanent opportunities with businesses locally, nationally, and internationally. While a majority of the UBCC's recruiting relationships are in the Twin Cities area and 88% of our students have taken jobs in the Midwest for the last two years, we do have a business development plan in place to maximize national recruiting relationships. The UBCC focuses on Fortune 100 companies in targeted geographic markets--primarily Chicago, New York, and San Francisco. These markets were chosen due to high student interest, the concentration of business opportunities, and strong network of alumni.

Job offer results, 2008 graduates:

Top hiring firms:

Target Corp.
General Mills
Deloitte Touche Tomatsu
Ernst & Young
Wells Fargo
KPMG LLP
PricewaterhouseCoopers
Best Buy
Honeywell

Travelers
Lagard Middle Market
Macys
Medtronic
UBS Financial Services
Virchow Krause & Co.
Polaris
RSM McGladrey
SUPERVALU
LarsonAllen

Graduate compensation:

Mean base salary: $ 49,169
Median base salary: $ 49,000
Mean signing bonus: $ 4,415
Median signing bonus: $ 3,000

Grads accepted jobs in following functional areas:

Grads accepted jobs in following industries:

Percentage of job acceptances, US and Canada:

US: 100 %
Canada: 0 %

Grads accepted jobs in the following US regions:

Northeast: 2 %
Mid-Atlantic: 2 %
Midwest: 88 %
South: 2 %
Southwest: 1 %
West: 2 %

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

Internship postings on job boards, previous academic year:

333

Top internship recruiters, 2007-08:

Target Corp.
General Mills
PricewaterhouseCoopers
Honeywell
RBC Financial
Merrill Lynch
Ernst & Young
KPMG LLP
Wells Fargo
Boston Scientific
Best Buy
Deloitte Touche Tomatsu

Cargill
Carlson Companies
Toro
Ameriprise
Travelers Insurance
Thompson Reuters
Donaldson Co.
TCF
Securian
UnitedHealth Group
University of Minnesota

Mean internship compensation per week:

$ 658

Graduate Comments

The Carlson School of Management takes great initiative in making this school and the student experience as beneficial and challenging as they can. Our school is always updating technology, professors, and classroom structures in order to keep growing and improving.

This school has chronic problem of teaching assistants running classes. The issue here is that these teaching assistants neither have proper training to teach business classes nor have any respect for minority students.

It�s a tough program ever since the introduction of the new grading policy. I still don�t know if that was in the best interest of the students and the school. It focuses less on collaboration among students because we are all competing for that �A�. I feel the other programs implemented such as the mandatory study abroad program and the immersion core courses have a lot of potential to make Carlson stand out.

The one thing I truly dislike about Carlson is their B median grading policy. With this policy, I have been graded more against my fellow students than on my own work. For example, no matter what, each class can give an average grade no higher than a B. Thus, if I get a 95% on my assignments and exams, but am in the middle of the class distribution, my grade is cut down from an A to a B. This policy is ridiculous and discourages me from helping fellow students or even wanting them to succeed because their gain is my loss. I should be graded on what I do, not on what my classmates do.

I have had great experiences with the accounting department. The professors are experienced and very knowledgeable.

We are in a large metro area, which is very beneficial for establishing relationships with companies in the Twin Cities. The campus is very large, but Carlson still has a small-school feel to it.

The one negative aspect of having such a great relationship with Twin Cities businesses is that students looking to move outside of Minnesota have a more difficult time connecting with those firms. The career center does a great job helping these students with treks to other cities such as San Francisco, Chicago, New York, and Washington D.C., which allow students to meet and see companies in these locations. That being said, connecting with alumni in other cities is usually the most effective means of obtaining an interview out of state.

The Carlson School of Management has provided me with the resources to find numerous internships while attending school, which I feel is just as valuable as the knowledge I have gained in class. My favorite aspect of my undergraduate business experience is the ability to work with MBA students in a class that manages a real portfolio of stocks.

The school needs to emphasize on getting their students out of Minneapolis for work placement. I would bet 80% of students stay in Minneapolis after graduation, yet at least half of those 80% would leave the state if provided with an opportunity.

The international opportunities are outstanding. Incoming freshman are required to have an international experience, and there is a huge variety to chose from including different types of programs, tons of locations, and different lengths of stay.

Carlson does its best to prepare its students to find positions in the working world, both through classes and through forging personal connections with businesses. The Undergraduate Office is also always willing to help in whatever is needed. The program offers a ton of opportunities for students to participate in such, especially the Carlson Enterprises.

Carlson promotes a competitive atmosphere, yet not so competitive that group dynamic is affected. The professors are always accessible and willing to help.

The new curriculum that we offer with our �immersion core� and international requirement were clearly put in place to set the program apart.

Carlson gives you all the opportunities available from different organizations to be a part of to tons of seminars on how to interview or negotiate job offers. But it�s your responsibility to take advantage of those opportunities. They aren't going to force it on you. It�s your decision to find what's in your best interest. They�ll give you all the resources, but at the end of the day, it�s up to you. There�s no hand holding here.