Program Basics

• • RIT E. Philip Saunders College of Business
  • E. Philip Saunders
  • 60 Lomb Memorial Drive
  • Rochester, New York
  • 14623
  • United States
  • Program Web site: http://www.rit.edu
  • Program e-mail address: admissions@rit.edu
  • Program phone number: 585-475-6631
  • Status: Private
• • AACSB accredited: Yes
• • Year in which the undergraduate business program was founded: 1952
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Total undergraduate: 14,753
  • Full-time undergraduate business: 765
  • Part-time undergraduate business: 45
  • Distance undergraduate business: 0
• • College or university freshman retention rate: 91 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 59 %
  • Within six years of admission to the university: 60 %

• Undergraduate Business Degrees Offered:

  • Accounting
  • Finance
  • International Business
  • Management
  • Management Information Systems
  • Marketing
  • New Media Marketing

PROGRAM COSTS

• • Annual Tuition (Resident): $31,854.00
• • Annual Tuition (Non-Resident): $31,584.00
• • Annual Required Fees: $453.00
• • Tuition Per Academic Credit (Resident): $714.00
• • Tuition Per Academic Credit (Non-Resident): $714.00
• • Annual Room and Board: $10,413.00
• • Annual Cost of Books: $1,050.00

CLASS PROFILE

• Students in newest entering class that are:

  • Female: 32 %
  • International: 18 %

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

  • Mean: 17
  • Median: 17

• Percentage of newest entering class:

  • Top 10% of high school class: 18 %
  • Top 25% of high school class: 48 %

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

  • Mean: 1110

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

  • From: 1050
  • To: 1280

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

  • Mean: 24

• Middle 50% range of ACT scores:

  • From: 21
  • To: 27

• Citizenship breakdown for newest entering class:

  • US: 81 %
  • Canada: 5 %
  • Other Non-US Citizens: 14 %

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

  • Northeast: 76 %
  • Mid-Atlantic: 8 %
  • South: 3 %
  • Southwest: 3 %
  • Midwest: 5 %
  • West: 5 %

ADMISSIONS - Getting Into the Institution

• Standardized tests required of all applicants:

  • ACT or SAT
• • Interviews are: Recommended

• Application deadlines:

  • Fall 2012 2/1/2012
• • Total undergraduate applicants, all programs: 15,806
• • Percentage of applicants admitted: 57 %
• • Percentage of admitted applicants who enrolled: 29 %
• • International applicants: 9 %
• • Female applicants: 32 %

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Important
  • Talent/ability: Considered
  • Interview: Considered
  • Extracurricular activities: Considered
  • Volunteer work: Considered
  • Character/personal abilities: Considered
  • Application essay: Important
  • Work experience: Considered
  • SAT/ACT scores: Important
  • Recommendations: Important
  • 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: 837
  • Percentage of applicants admitted: 57 %
  • Percentage of admitted applicants who enrolled: 23 %
• • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: No
• • Admissions interviews for the undergraduate business program are: Recommended

• Freshman admission:

  • Does the business program admit freshmen?: Yes
  • Percentage of business program admits in most recent entering class who were freshman: 100 %
  • 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

• Internal transfers:

  • Method for handling internal transfers: Declare business major
  • Minimum college GPA for internal transfers to the business program: 3

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Lowenthal Service Group
  • financial management association
  • International Business Group
  • Women in Business
  • Next Generation of Accountants
• • Are freshmen required to live on campus?: Yes
  • Are business students grouped together in 'learning communities' in housing and other facilities?: Yes

ACADEMICS

• Average class size:

  • Required business classes: 26
  • Business electives: 23

• Percentage of business classes:

  • With 20 or fewer students: 29 %
  • With 21 to 50 students: 71 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 39 %
  • Percentage of required business courses with waiting lists: 16 %

CURRICULUM

• Electives:

  • Available business electives: 37
• • Last curriculum overhaul: 2009
  • Total business faculty: 80
  • Percentage of the total faculty that is tenured or tenure track: 45 %

• Most prominent faculty:

  • Dr. John Ettlie
  • Dr. Ashok Robin
  • Dr. Sandra Rothenberg

• Business program's leading areas of study:

  • • Accounting
    • Finance
    • General Management
    • Management Information Systems
    • International Business

• Extra-curricular activities:

  • Financial Management Association
  • International Business Group
  • Lowenthal Service Group
  • Management Information Systems Team
  • Next Generation of Accountants
  • Saunders Marketing Group
  • Society of African-American Business Students
  • Women in Business

FINANCIAL AID

• • Who manages financial aid for the business program?: Central financial aid office at the university

• Scholarships

  • Scholarship money distributed to business students last year: $6,170,000.00
  • Expected scholarship distribution to business students this year: $637,000.00
  • Scholarships are awarded to business students based on: a combination of need and merit
  • Students receiving institutional scholarships in the current academic year: 75 %
  • Students receiving full-tuition institutional scholarships in the current academic year: 0 %
  • Institutional scholarship money distributed to undergraduate business students based on need: 71 %
  • Institutional scholarship money distributed to undergraduate business students based on merit: 29 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt, most recent graduating class: $24,000.00

CAREER SERVICES

• Employment Information

  • Percentage of most recent business graduates who supplied information regarding employment: 80 %
  • Percentage seeking full-time professional employment in business: 88 %
  • Percentage not seeking full-time professional employment in business: 12 %

• Received first job offer:

  • By graduation: 10 %
  • After graduation, but within 3 months: 29 %
  • More than 3 months after graduation : 61 %

• Accepted first job offer:

  • By graduation : 10 %
  • After graduation, but within 3 months: 29 %
  • More than 3 months after graduation: 61 %
• • Companies recruiting business students on campus: 178
  • Companies posting job offers for business students on school job boards: 237

• Top employers (number of students hired):

  • Fidelity Investment 2
  • JP Morgan Chase 2
  • M & T Bank 2
  • M/E Engineering PC 2
  • Booz Allen Hamilton 2
  • Epic Solutions 2
  • EFP Rotenberg LLP 1
  • Harris Corporation 1
  • Innovative Solutions 1
  • M5 Network 1
  • Paychex 1
  • Verizon Wireless 1
  • BNY Mellon 1
  • Canon Industries 1

• Compensation

  • Mean base salary: $41,350.00
  • Median base salary : $40,000.00
  • Mean signing bonus: $5,800.00
  • Median signing bonus: $5,000.00

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

  • Consulting: 5 %
  • Finance/Accounting: 26 %
  • General Management: 28 %
  • Human Resources: 3 %
  • Management Information Systems: 20 %
  • Marketing/Sales: 14 %
  • Operations/Production: 2 %
  • Logistics/Transportation: 2 %
  • Other: 2 %

• Most recent graduates accepted jobs in the following industries:

  • Accounting: 4 %
  • Consumer Products/Retail : 9 %
  • Consulting: 13 %
  • Financial Services: 18 %
  • Government/Education: 15 %
  • Pharma/Biotech/Health: 2 %
  • Manufacturing: 7 %
  • Media/Entertainment: 7 %
  • Petroleum/Energy: 1 %
  • Real Estate: 3 %
  • Sports/Leisure: 2 %
  • Technology/Science: 16 %
  • Non-Profit: 1 %
  • Transportation: 0 %
  • Utilities: 0 %
  • Other: 2 %

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

  • US: 98 %
  • Canada: 2 %

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

  • Northeast: 80 %
  • Mid-Atlantic: 7 %
  • Midwest: 5 %
  • South: 4 %
  • Southwest: 2 %
  • West: 2 %
• • Career services offered: We offer a full array of services for undergraduate business majors including: personalized career coaching and advising; workshops and seminars taught by employers; a required course "Careers in Business"; job postings, on-campus interviewing; general and targeted (e.g. Accounting) career fairs; an alumni career mentor program; and a full range of on-line job search and business career information and resources.

INTERNSHIPS

• • Companies recruiting business students for internships on campus: 141
  • Companies posting internship offers for business students on school job boards: 306

• Top internship employers (number of students hired):

  • Wegmans Food Market 8
  • The Bonadio Group 8
  • Merrill Lynch 6
  • Ortho Clinical Diagnostics 5
  • Eastman Kodak Company 5
  • Northwestern Mutual Life 6
  • University of Rochester 4
  • Xerox Corportation 3
  • SAP American Inc. 3
  • Sutherland Global Services 4
  • NY State Divison of Human Rights 3
  • Monroe County Dept. of IT 3
  • M/E Engineering PC 4
  • IBM 3
  • Harris Corp. 4

• Internship pay

  • Internships that are paid: 100 %
  • Mean compensation, per week, for paid internships only: $518.00
  • Median compensation, per week, for paid internships only: $480.00
  • Average internship length, in weeks: 10

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 14,486
  • Total living alumni of the undergraduate business program: 12,434
  • Percentage of living alumni who contributed to the business program or university in the last academic year: 8 %

• Alumni gifts

  • Mean Gift: $527.00
  • Median Gift: $25.00
  • 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

  • Phillip C. Gelsomino II CEO, The Restaurant Group LLC
  • Frank S. Sklarsky Executive Vice President & CFO, Tyco International
  • Sean R. Bratches Executive Vice President, ESPN

• • -Our school's business program requires at least two co-op blocks to graduate. These are like internships, but we are paid for the work and learning we do. I have been able to experience accounting first-hand for six months full-time. There aren't many schools out there that require internships to graduate and I believe this has made all the difference in preparing me for the work force. Because of this amazing experience and opportunity that RIT has put in front of me, I believe I will have no problem finding a suitable and successful job immediately after graduation.
    
    -I wish that we could have more classes that only focus one specific area. For example, while I was on Finance CO-OP over the summer, I learned a lot about how to use Microsoft Access and databases that most companies use. I wish that I could learn these programs that were mentioned earlier prior to my CO-OP because I could contribute more to the company.
    
    -The courses that it offers are so diverse so you have a lot of choose from but you can also pick a focus area. The teachers are very helpful, especially the MIS ones.
    
    -There could be more practical training, and more time spent on subjects. We will be moving from quarters to semesters in 2013, and hopefully, that will allow more time to be spent on topics in each class so that the same material does not need to be repeated in various courses.
    
    -Most professors will tie in real world experience on top of the academic knowledge. They are always there for guidance, and help you understand confusing topics inside and outside of class.
    
    -The program could be stronger if they offer some upper level classes more often. Sometimes it is difficult to plan around the co-op blocks if the necessary classes are only offered during winter and summer quarters.
    
    -Since we run on a quarter system, we are required to take more business classes than most other universities. These unique programs include very useful courses relating to technology and entrepreneurship such as Managing Innovation & Technology and Applying Business Techniques.
    
    -They should change the grading policies and then change the quarter system to a semester system
    
    -The Saunders College of Business gives students the benefits of a small program at a large university. We have the benefit of the resources of the larger university, while maintaining the small classes and more individual learning that a small program allows. It also has mandatory co-ops which gives each and every graduate real world experience before entering the business world.
    
    -The honors program in the college of business needs to be stronger because I was not challenged enough in many cases. I had to convince the associate dean to let me take some graduate level classes. In addition, we need to start using undergraduate based cases and focus more on managerial decision making.
    
    -Support and counseling can make my school's business program unique. If it weren’t for them, I would not know what major I wanted to be in. I am grateful to be here with their assistance.
    
    -My particular major is one of the very few being offered in the country. As it's still very new, it's still being developed and I've had the opportunity to participate in brand new classes and activities. Internet marketing is a growing field, in which many do not have a specific degree, so I feel I will have the upper hand in my job search upon graduation.
    
    -RIT has a great co-op program and has career fairs twice a year, however with the majority of students being engineers and computer majors, it's hard to find a company that is looking for business students. I think an increased effort to help business students find co-op or full-time job opportunities would make the business program stronger.
    
    -The teacher to student ratio is outstanding, plus TA's NEVER teach classes. Also the number of professors that have worked in large corporations before teaching is fantastic, they have unlimited connections and tie in real-world experiences with all of their lessons.