UNDERGRADUATE Profiles Publish Date 2/26/09

University of Richmond

Robins School of Business

Getting In

PROGRAM BASICS

Robins School of Business

28 Westhampton Way
University of Richmond
Richmond , Virginia 23173

Private Institution

Web site

http://business.richmond.edu

Program e-mail address:

robinsschool@richmond.edu

Program telephone number:

(804) 289-8730

AACSB accredited:

Yes

Length of entire institution:

Four Year

Business program length:

Four Year

Degrees offered:

Degree/Program Name:
BSBA

PROGRAM COSTS

Annual Tuition (Non-Resident)

$ 38,850

Cost per academic credit (non-resident)

$ 1,940

Books:

$ 1,050

Room and board:

$ 8,200

ENROLLMENT

Full-time undergraduate business student enrollment:

643

Part-time undergraduate business student enrollment:

Distance undergraduate business student enrollment:

Total College enrollment for 2008-09:

2,900

ADMISSIONS

Minimum SAT score for entire college on 1600 scale:

N/A

Minimum ACT score for entire college:

N/A

Minimum high school GPA for entire college:

N/A

Interviews for entire college:

Not required

Additional application requirements for entire college:

-$50 application fee or acceptable fee waiver form -Official high school transcript -Recommendation from guidance counselor or school official -First semester/trimester senior grades -Standardized test results -Applicants using the Common Application must also submit the Richmond Supplement

Upcoming application deadlines for entire college:

Semester: Fall
Deadline: 01-15-2009

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:

Declare business major

Minimum requirements for business program:

Entrance exam requirement other than SAT/ACT for business program:

Interview to enter business program:

Not required

Additional application requirements for freshman admits:

N/A

Minimum college GPA for internal business program transfers:

N/A

Additional requirements for internal transfers:

N/A

Total number of full-time applications for entire college:

7,970

International applicants, entire college, 2008-09:

10 %

Female applicants, entire college, 2008-09:

58 %

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

32 %

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

29 %

Relative Importance of Application Elements:

Secondary School Record:

Very Important

Class Rank:

Important

Talent/Ability:

Important

Interview:

Considered

Extracurricular Activities:

Considered

Volunteer Work:

Considered

Character/Personal Abilities:

Important

Application Essay:

Important

Work Experience:

Considered

SAT/ACT Scores:

Important

Recommendations:

Considered

High School GPA:

Very Important

Admissions program managed by:

The business program office

CLASS PROFILE

Class Profile:

Female: 37 %
International : 8 %

Entering students by age:

Mean: 19
Median: 19

Citizenship of Entering Students

U.S.: 91 %
Canada: 1 %
Other countries: 8 %

Percentage of US citizens in entering class who are:

Entering students from the following region:

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

Mean: 1280

SAT middle 50% range on 1600 scale:

From: 1,210
To: 1,350

ACT Scores for full-time entering business students:

Mean: 29
Median: 29

ACT middle 50% range:

From: 28
To: 30

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:

$ 6,894,370

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

$ 9,608,415

Scholarships awarded to students in the business program based on:

Some other criteria

Scholarship consideration process:

Unique scholarship application

Other scholarship considerations:

Need, merit, athletic

Students receiving institutional scholarships for 2008-09 academic year:

70 %

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

16 %

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

63 %

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

10 %

School offers guaranteed loans:

Financial aid web site

http://financialaid.richmond.edu

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

82 %

Business students who graduate within 6 years:

88 %

Freshman retention rate:

93 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BSBA
Hours: 120

Other degree requirements:

All university general education requirements

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: 33 %
Classes with 21 to 50 students: 67 %
Classes with more than 50 students: 0 %

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

95 %

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

0 %

CURRICULUM

Number of elective courses available in business program:

Electives added current year:

Sports Marketing
Developing a Business Plan
Entrepreneurial Finance
Advanced Macroeconomics
Integrated Marketing Communications

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

2008

Leading areas of study:

Accounting

Economics

Finance

International Business

Marketing

General Management

Special programs for business students:

Entrepreneurship CFA Federal Reserve Challenge Student Managed Investment Fund

Business program offers work study or co-op opportunities:

Faculty assistants and faculty research assistants; faculty supervision of internship credit received

Business program offers study abroad opportunities:

Yes

Study abroad program description:

The majority of students study abroad during their junior year for one semester. In the Fall 2008, 100 students studied abroad, the largest ever for one semester. We have cooperative relationships with 46 international partner schools in 24 different countries throughout the world.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

Habitat For Humanity United Way Child Tutoring Inner City Clean-up

Business clubs and extracurricular activities:

American Marketing Association
American Management Association
Alpha Phi Omega
Omicron Delta Kappa
Finance Society
Virginia CPA

FACULTY

Faculty:

Full-time faculty : 70
Adjuncts and visiting faculty: 32
Permanent/tenured professors: 37
Percentage of permanent/tenured professors who are women: 11
Percentage of permanent/tenured professors who are underrepresented minorities: 8

Prominent faculty:

Joe Ben Hoyle
Dean D Croushore
Raymond P H Fishe

STUDENT LIFE

Largest on-campus organizations for business students:

Beta Gamma Sigma
Finance Society
American Marketing Association - Student
Accounting Society
Omicron Delta Epsilon

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:

Wireless access throughout the business school and entire campus; Bloomberg terminals in finance lab.

Trading laboratory available:

COMMENTS

Please note that the Robins School of Business does not have a separate admission procedure from the university. Students declare their intention to be a business major no earlier than the end of their first year. Also, the University of Richmond adapted a unit course system to replace the credit system starting Fall 2008 (1 unit = 3.5 credits).

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

8,496

Total living alumni:

8,076

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

25 %

Mean alumni gift 2007-08:

$ 2,412

Median alumni gift, 2007-08:

$ 100

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

Prominent alumni:

Name: George W. Wellde, Jr.
Title: Retired Vice Chairman, The Securities Division, Goldman, Sachs and Company
Name: Robert S. Jepson, Jr.
Title: Chairman and Chief Executive Officer, Jepson Associates, Inc.
Name: Melanie Healy
Title: Group President of Feminine and Health Care, Procter & Gamble

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

86 %

Seeking full-time employment in business: 79 %
Not Seeking full-time employment in business: 21 %

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:

753

Other activities and services provided for business majors:

Class Visits; Outreach to Student Organizations; Student Managed Investment Fund (SMIF) Visit to New York City & Alumni Reception; Spiders on Wall Street (Junior Finance Industry visit); Accounting Internship Programs; Spiders in Media / January Communications/Media NYC trip; Spiders for the Common Good (DC visit to Government & non-profit sector); Department information sessions; Richmond Career & Internship Fair; Non-Profit Expo (DC); Metro Link DC & NY; Media & Comm Expo

Job offer results, 2008 graduates:

Received first job offer by graduation: 98 %
Received first job offer in three months following graduation: 2 %
Received first job offer more than 3 months after graduation: 0 %
Did not report having received a job offer: 0 %
Accepted first job offer by graduation: 98 %
Accepted first job offer in three months following graduation: 2 %
Accepted first job offer more than 3 months after graduation: 0 %
Did not report having accepted a job offer: 0 %

Top hiring firms:

KPMG LLP
PricewaterhouseCoopers
Deloitte Touche Tomatsu
Goldman Sachs Group
JPMorgan Chase & Co.
Ernst & Young
Philip Morris
UBS

Stifel Nicolaus
Beers & Cutler
Capital One
Altius
CarMax
Cowen & Company
SunTrust Banks

Graduate compensation:

Mean base salary: $ 50
Median base salary: $ 52
Mean signing bonus: $ 5
Median signing bonus: $ 5

Grads accepted jobs in following functional areas:

Consulting: 5.7 %
Finance/Accounting: 60 %
General Management: 7.5 %
Human Resources: 0 %
Management Information Systems: 2 %
Marketing/Sales: 19 %
Operations/Production: 1 %
Logistics/Transportation: 0 %
Other: 4.8 %

Grads accepted jobs in following industries:

Accounting: 24 %
Consumer Products/Retail: 3.8 %
Consulting Services: 4.7 %
Financial Services: 37 %
Government/Education: 4.7 %
Pharma/Biotech/Health: 1 %
Manufacturing: 3.8 %
Media/Entertainment: 13 %
Petroleum/Energy: 0 %
Real Estate: 2 %
Sports/Leisure: 2 %
Technology/Science: 2 %
Non-Profit: 0 %
Transportation: 0 %
Utilities: 0 %
Other: 2 %

Percentage of job acceptances, US and Canada:

US: 100 %
Canada: 0 %

Grads accepted jobs in the following US regions:

Northeast: 30 %
Mid-Atlantic: 57 %
Midwest: 6 %
South: 1 %
Southwest: 2 %
West: 4 %
US Possessions/Territories: 0 %

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

Internship postings on job boards, previous academic year:

4411

Top internship recruiters, 2007-08:

KPMG LLP
PricewaterhouseCoopers
Deloitte Touche Tomatsu
Goldman Sachs Group
Ernst & Young
Philip Morris
Barclays Bank PLC

Beers & Cutler
Genworth
Northwestern Mutual
SunTrust Bank
Ewing Bemiss
Matrix Capital
Johnson Lambert
Virginia Asset Management

Graduate Comments

As a tour guide, there are three things I always point out about our business school to prospective students: challenges, relationships, and achievements. The business school is incredibly rigorous in its coursework. The faculty is eager to interact with students and form relationships with them. The students graduate with a sense of achievement resulting from the degree they have earned and the future they have planned.

One disappointing aspect of the business school: they are very reluctant to allow recruiters to enter the business school (they don't allow recruiters to come in and teach one session of a particular course, to host events the evenings before interviews, to hang out in the lounge area to speak with students during the day).

One negative is that since it is such a small school, the class selection is limited and it is often hard to get classes you need or want as an underclassman. The registration process needs some help.

Perhaps our greatest current weakness is our facility, however this is all relative. It is only weak compared to the quality of faculty and students. Even so, the school has striven to keep classrooms up to the latest technological standards. All have integrated projector systems and are well-furnished, clean and a pleasing atmosphere to learn in.

I think one of the best things about Richmond is that faculty really goes out of their way to help students make possible connections, network, or to get the job that they want. If you talk to a professor about your future career goals and they have a contact that could help they don't hesitate to help you get in touch with that person. The professors are also available for help if you don't understand something as well as just simple career advice.

Assignments and tests in the Business School are very challenging. Professors really push students to do their best work and learn a lot, which should pay off in job environments after graduation.

The Career Development Center on campus does a poor job finding companies for marketing majors. They bring in a lot of Accounting and Finance firms, but seem to forget that there are marketing majors at this school as well. As a senior about to enter the job market I feel that I have been forgotten. It has been completely up to me to find, research, contact and meet with companies independently from my school.

Definitely another great opportunity that Robins School of Business has given me is the Student Managed Investment Fund. The top 15 finance students are selected to manage $300,000 of the University of Richmond endowment, which counts as a class for the selected members. The fund is allocated evenly into a growth and value fund worth $150,000 each. The Student Managed Investment Fund has been such a great real world learning experience.

Unbelievable Econ and Accounting faculties. Very hard grading; absolutely zero inflation in all of the classes I have taken over 4 years.

International Opportunities are another differentiating factor. I was able to study abroad twice for business credit and was offered another scholarship fund a summer of research and microfinance work in Southeast Asia.

I think the small class sizes and the extremely competitive work ethic sets my classmates apart from most other business programs. The professors are extremely talented and knowledgeable. For these three reasons, I think you will find a great deal of successful Richmond Alum five to ten years after graduation.

The Robins School of Business is dedicated to making students as prepared as they can be to compete in the post-graduate world. They emphasize presentation skills, effective communication, and knowledge of the different aspects of the corporate world. The quality of the teachers and curriculum is great. The school understands that character and professional development are just as important as the curriculum to help students succeed after college. I would not trade my experience for anything.

Our business program is unique in that it is still anchored within a liberal arts college. Required classes outside the business school span all subject areas from foreign language, art, science, history, etc. This means that we are not only strong business students, we are also strongly grounded liberal arts students that can add value in ways other than pure business knowledge.

Our Alumni Network is outstanding. Alumni never say no in helping a fellow Spider succeed in the business world. From my experience, the alumni will bend over backwards in order to make sure that the undergraduates succeed.