University of Richmond

Program Basics

• • Robins School of Business
  • Richard S. Reynolds Graduate School
  • 28 Westhampton Way
  • University of Richmond
  • Richmond, 23173, Virginia
  • United States
  • Program Web site: http://business.richmond.edu
  • Program e-mail address: bsba@richmond.edu
  • Program phone number: (804) 289-8730
  • Status: Private
• • AACSB accredited: Yes
• • Year in which the undergraduate business program was founded: 1950
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Institution's total undergraduate enrollment: 3,618
  • Undergraduate business program's full-time enrollment: 641
  • Undergraduate business program's part-time enrollment: 11
  • Undergraduate business program's distance enrollment: 0
• • Freshman retention rate for your college or university?: 93 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 81 %
  • Within six years of admission to the university: 87 %

• Undergraduate Business Degrees Offered:

  • Degree Offered (e.g. BA, BS)/Program Name: BSBA

PROGRAM COSTS

• • Annual Tuition (Resident): $41,610.00
• • Annual Tuition (Non-Resident): $41,610.00
• • Tuition Per Academic Credit (Resident): $2,080.00
• • Tuition Per Academic Credit (Non-Resident): $2,080.00
• • Annual Room and Board: $8,810.00
• • Annual Cost of Books: $1,050.00

CLASS PROFILE

• Students in newest entering class (2010-2011) that are:

  • Female: 50 %
  • International: 8 %

• Mean and Median age of full-time business students in the 2010-11 entering class:

  • Mean: 18
  • Median: 18

• Percentage of 2010-11 entering class:

  • Top 10% of high school class: 58 %
  • Top 25% of high school class: 87 %

• SAT scores for the 2010-11 entering class of full-time undergraduate business students:

  • Mean: 1277
  • Median: 1290

• Middle 50% range of SAT scores:

  • From: 1210
  • To: 1360

• Mean and Median ACT scores for the 2010-11 full-time undergraduate business students:

  • Mean: 29
  • Median: 29

• Middle 50% range of ACT scores for the 2010-11 full-time undergraduate business students:

  • From: 27
  • To: 31

• US Citizens in 2010-11 entering class:

  • African American: 8 %
  • Asian American: 6 %
  • Hispanic or Latino American: 4 %
  • Multiethnic/Multiracial: 0 %
  • Native American: 1 %
  • White (Non-Hispanic): 65 %
  • Chose not to report: 12 %
  • Other: 4 %

• Regional breakdown of US Citizens in 2010-11 entering class:

  • Northeast: 39 %
  • Mid-Atlantic: 41 %
  • South: 9 %
  • Southwest: 1 %
  • Midwest: 7 %
  • West: 3 %

ADMISSIONS - Getting Into the Institution

• Which standardized tests are required of all applicants?:

  • SAT or ACT
• • Are interviews required?: Not required

• Application deadlines for the 2011-2012 academic year

  • Fall 01/15/2011
• • Total number of full-time undergraduate applications (admitted and denied) to all programs: 8,661
• • Percentage of applicants admitted: 33 %
• • Percentage of admitted applicants who enrolled: 29 %
• • Percentage of applicants (admitted and denied) to the entire college for the 2010-11 academic year who were international: 10 %
• • Percentage of college applicants (admitted and denied) for the 2010-11 academic year who were female: 50

• 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 - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The university admissions office
• • 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 required

• Freshman admission:

  • Does the business program admit freshmen?: No
  • Additional application requirements for freshman admits: The business school does not have a separate admissions process.

• Internal transfers:

  • Method for handling internal transfers: Declare business major
  • Additional application requirements, including course/grade requirements: The business school does not have a separate admissions process.

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Beta Gamma Sigma
  • Alpha Kappa Psi
  • Delta Epsilon Chi
  • Finance Society
  • Women in Business
• • Are freshmen required to live on campus?: No
  • 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:

  • BSBA 35

• Other requirements for the undergraduate business degree

  • University of Richmond uses a unit system where 1 unit is equivalent to 3.5 semester credit hours. Students are required to complete major requirements as well as those required by the university, such as general education requirements.

ACADEMICS

• • Average class size in required business classes, excluding those offered in electronic format: 23
  • Average class size in BUSINESS ELECTIVES, excluding those offered in electronic format: 19
  • Average class size in NON-BUSINESS ELECTIVES required for admission: 22

• Percentage of business classes:

  • With 20 or fewer students: 34 %
  • With 21 to 50 students: 66 %
  • With more than 50 students: 0 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 95 %
  • Percentage of required business courses with waiting lists: 0 %

CURRICULUM

• Electives:

  • Number of elective courses (not different sessions of same course) available in the business program in the current academic year: 44
  • Names of new electives that have been added to the business program in the current academic year: Health Care Administration and Management
• • In what year was the last major change or significant overhaul to the business program's core curriculum?: 2008
  • Total number of faculty currently teaching in the undergraduate business program: 85
  • Percentage of the total faculty that is tenured or tenure track: 62 %

• Most prominent faculty:

  • Joe Ben Hoyle
  • KimMarie McGoldrick
  • Robert Phillips

• Business program's leading areas of study:

  • • Accounting
    • Finance
    • Marketing
    • International Business
    • Economics
  • Other leading area of study: Entrepreneurship

• New electives added in current academic year:

  • Health Care Administration and Management
  • Business to Business Marketing
  • Advanced Macroeconomic Theory
  • Accounting Research
  • Ethics in Economics

• Special Programs:

  • Special programs available to business students: Student Managed Investment Fund, Business Pitch Competition, Entrepreneurship Club, CFA, Federal Reserve Challenge

• Work study:

  • Does the business program offer work study or co-op opportunities?: No
  • Opportunities available for work study or co-op: Faculty Assistants and Faculty Research Assistants; Faculty supervision of internship credit received.

• Study abroad:

  • Does the business program offer opportunities to study abroad?: Yes
  • Study abroad programs: The majority of students study abroad during their junior year for one semester. We have cooperative relationships with 46 international partner schools in 24 different countries throughout the world.

• Volunteer opportunities:

  • Are opportunities for volunteer work and community service available to business students?: Yes
  • Available opportunities for volunteer work and community service: Students have access to the Center for Civic Engagement.

• Extracurricular activities:

  • Business-related clubs and extra-curricular activities are available to undergraduate students: American Marketing Association
  • American Management Association
  • Alpha Phi Omega
  • Omicron Delta Kappa
  • Finance Society
  • Virginia CPA
  • Alpha Kappa Psi
  • Entrepreneurship Club

FINANCIAL AID

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

• Scholarships

  • Total scholarship money distributed to undergrad business students through the financial aid office: $11,880,050.00
  • Total scholarship money expected to be distributed to undergrad business students through the financial aid office: $13,533,410.00
  • On what basis are scholarships awarded to students in your business program?: some other criteria
  • Other criteria for scholarship consideration: Need, merit, athletic, other
  • Percentage of undergraduate business students receiving institutional scholarships or grants for the 2010-11 academic year: 76 %
  • Percentage of institutional scholarship money distributed to undergraduate business students based on need: 70 %
  • Percentage of institutional scholarship money distributed to undergraduate business students based on merit: 7 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt among 2010 undergraduate business program graduates: $24,900.00

CAREER SERVICES

• Employment Information

  • Percentage of 2010 graduates from the business program for whom you have information regarding employment: 61 %
  • Percentage seeking full-time professional employment in business: 77 %
  • Percentage not seeking full-time professional employment in business: 23 %
• • Number of companies that recruited undergraduate business students on campus: 64
  • Number of companies that posted full-time job offers for undergraduate business students on school job boards: 2,567
  • Other activities and services: Spider Road Trips (exploration, recruiting and networking visit to cities), Industry Expos,Networking Events,Evening of Etiquette Dinners,Q-Camp: Sophomore skills building weekend,Mentor Program,Faculty Collaboration & Class Visits,Student Leader Engagement,Student Managed Investment Fund

• Job Offers

  • Received first job offer by graduation: 90 %
  • Received first job offer after graduation, but within 3 months: 10 %
  • 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 : 90 %
  • Accepted first job offer after graduation, but within 3 months: 10 %
  • Accepted first job offer more than 3 months after graduation: 0 %
  • Did not report having accepted a job offer : 0 %

• Firms that hired the most 2010 undergrad business majors for full time jobs

  • PricewaterhouseCoopers 9
  • KPMG 4
  • Stifel Nicolaus 2
  • Deloitte & Touche 2
  • Citigroup 2
  • Altria/Philip Morris USA 2
  • Sun Trust Robinson Humphrey 1
  • Goldman Sachs 1
  • Snag-A-Job * 1
  • Keefe, Bruyette & Woods 1
  • Genworth Financial 1
  • Deloitte Consulting * 1
  • Bloomberg * 1
  • Federal Reserve Bank of Richmond * 1
  • Maximus 1

• Compensation

  • Mean base salary: $54,757.00
  • Median base salary : $55,000.00
  • Mean signing bonus: $5,778.00
  • Median signing bonus: $5,000.00
  • Mean other guaranteed compensation: $0.00
  • Median other guaranteed compensation: $0.00

• Percentage of 2009-10 academic year graduates who accepted jobs in the following functional areas:

  • Consulting: 19 %
  • Finance/Accounting: 64 %
  • General Management: 2 %
  • Human Resources: 2 %
  • Management Information Systems: 0 %
  • Marketing/Sales: 10 %
  • Operations/Production: 0 %
  • Logistics/Transportation: 0 %
  • Other: 2 %

• Percentage of 2009-10 academic year graduates who accepted jobs in the following industries:

  • Accounting: 31 %
  • Consumer Products/Retail : 0 %
  • Consulting: 5 %
  • Financial Services: 37 %
  • Government/Education: 0 %
  • Pharma/Biotech/Health: 0 %
  • Manufacturing: 0 %
  • Media/Entertainment: 2 %
  • Petroleum/Energy: 0 %
  • Real Estate: 0 %
  • Sports/Leisure: 0 %
  • Technology/Science: 0 %
  • Non-Profit: 0 %
  • Transportation: 0 %
  • Utilities: 0 %
  • Other: 25 %

• Percentage of 2009-10 academic year graduates who accepted jobs in North America:

  • US: 100 %
  • Canada: 0 %

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

  • Northeast: 45 %
  • Mid-Atlantic: 47 %
  • Midwest: 2 %
  • South: 4 %
  • Southwest: 0 %
  • West: 2 %
  • Possessions and territories: 0 %

INTERNSHIPS

• • Number of companies that posted internships for undergraduate business students on school job boards in 2009-10 academic year: 1,904

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 8,918
  • Total living alumni of the undergraduate business program: 8432
  • Percent of living undergraduate business alumni who contributed to the program or university July 1, 2009 to June 30, 2010: 30 %

• Alumni gifts

  • Mean Gift: $233.00
  • Median Gift: $100.00
  • Did undergraduate business program receive any individual gift in excess of $10 million from July 1, 2009 through June 30, 2010?: No

• Prominent alums of the undergrad business program

  • Melanie Liddle Healey Group President-North America PandG
  • Ryan FitzSimons VP Capital Introduction, Goldman Sachs
  • Cammie Whisnant Dunaway US President, KidZania, Inc.

• • -The classes are very small (never more than 28 students), which means you have a better relationship with your professors, and more access to them as well. The professors are ALWAYS willing to meet outside class with students, and they ALWAYS respond promptly to emails. The professors really go out of their way to help their students, even for things unrelated to class, such as your job search, discussing career and grad school options, etc.
    
    -Every class is taught by a professor--teaching assistants do not exist here. Despite the small class sizes, the resources are like a large university, and are continually getting better. Brand new expansion to the business school is opening for Spring 2011, as well as the campus' new on-campus football stadium, and $24 million dollar International center. The business school at the University of Richmond is unique because it is the only top-ranked undergrad B-school at a top-ranked liberal arts school.
    
    -To make our business program stronger, I feel that more effort should be made on bringing in companies outside the DC region. Also, while finance and accounting are a priority for the career center, other business majors do not have the same career opportunities.
    
    -With the addition of Queally Hall, Richmond's business program has turned another page. At this point and time I can only hope that the on campus recruiting continues to grow.
    
    -We have a high caliber faculty, we have outstanding program support, but makes it unique is its existence inside the greater University of Richmond community and the awesome programs that U of R offers its students-writing centers, speech centers, academic centers, technology centers, world class amenities (gym, dining hall, full service pub, fast food, quick beverages, two convenience stores, a new quick food location and another planned for the next few months, etc) all inside a small-class environment (under 25 90 percent of the time)
    
    -We are a small school, which means a lot of attention from our professors, but we lack national recognition, which hurts students when they pursue job opportunities. Less students means less alumni connections as well.
    
    -The business program is unique because of the resources available for students. With a new 37,000 square foot addition to the building, we are expanding classroom and office space as well as adding a cafe, mock trading floor, auditorium, and experimental lab.
    
    -The business program could focus a bit more on love of learning and intellectual stimulation, rather than a focus on the job training.
    
    -The case studies and group projects in the business school grant students a state-of-the-art experience that fully prepares them for the real world.
    
    -The program would benefit from more of an emphasis on practical case studies to apply the theoretical concepts that are already so well covered in the courses.
    
    -I certainly don't agree with the all the decisions made by the administration at U of R. However, I really have no complaints about the B-School, I feel that the administration has done a superb job recruiting the best teachers and orchestrating an elite business program. Through this program, I have been able to take classes with the best teachers from each department (accounting, econ, mgmt, etc.) during my years at University of Richmond. My one complaint, they crank up the heat way too high during the winter.
    
    -I think the business school should develop its own career development center tailored towards the needs of business students. At the present time, the CDC is campus-wide, which prevents specialization/industry-specific knowledge.