Program Basics

• • Tulane University
  • Freeman School of Business
  • 7 McAlister Drive
  • New Orleans, Louisiana
  • 70118
  • United States
  • Program Web site: http://freeman.tulane.edu
  • Program e-mail address: undergrad.admission@tulane.edu
  • Program phone number: 5048655731
  • Status: Private
• • AACSB accredited: Yes

• Accreditation other than AACSB:

  • SACS
• • Year in which the undergraduate business program was founded: 1914
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Total undergraduate: 8,338
  • Full-time undergraduate business: 1,550
  • Part-time undergraduate business: 12
  • Distance undergraduate business: 0
• • College or university freshman retention rate: 90 %

• Undergraduate Business Degrees Offered:

  • BS/Management

PROGRAM COSTS

• • Annual Tuition (Resident): $39,850.00
• • Annual Tuition (Non-Resident): $39,850.00
• • Annual Required Fees: $3,584.00
• • Tuition Per Academic Credit (Resident): $43,434.00
• • Tuition Per Academic Credit (Non-Resident): $43,434.00
• • Annual Room and Board: $10,850.00
• • Annual Cost of Books: $1,200.00

CLASS PROFILE

• Students in newest entering class that are:

  • Female: 41 %
  • International: 4 %

• 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: 57 %
  • Top 25% of high school class: 84 %
  • GPA of 3.75 or higher: 27 %
  • GPA of 3.5 to 3.74: 22 %

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

  • Mean: 1313
  • Median: 1310

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

  • From: 1270
  • To: 1370

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

  • Mean: 29
  • Median: 30

• Middle 50% range of ACT scores:

  • From: 28
  • To: 32

• Citizenship breakdown for newest entering class:

  • US: 95 %
  • Canada: 0 %
  • Other Non-US Citizens: 4 %
  • Dual Citizenship: 0%
  • Unknown Citizenship: 1 %

• U.S. citizens in newest entering class:

  • African American: 4 %
  • Asian American: 3 %
  • Hispanic or Latino American: 5 %
  • Multiethnic/Multiracial: 1 %
  • Native American: 1 %
  • White (Non-Hispanic): 78 %
  • Chose not to report: 8 %
  • Other: 0 %

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

  • Northeast: 41 %
  • Mid-Atlantic: 10 %
  • South: 25 %
  • Southwest: 6 %
  • Midwest: 11 %
  • West: 7 %

ADMISSIONS - Getting Into the Institution

• Standardized tests required of all applicants:

  • SAT
  • or ACT
• • Interviews are: By invitation only

• Application deadlines:

  • Fall 2012 11/15/2012
  • Fall 2012 1/15/2013
  • Fall 2012 6/1/2013
• • Total undergraduate applicants, all programs: 37,767
• • Percentage of applicants admitted: 25 %
• • Percentage of admitted applicants who enrolled: 18 %
• • International applicants: 2 %
• • Female applicants: 41 %

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Important
  • Talent/ability: Important
  • Interview: Not Considered
  • Extracurricular activities: Considered
  • Volunteer work: Considered
  • Character/personal abilities: Considered
  • Application essay: Important
  • Work experience: Considered
  • SAT/ACT scores: Very Important
  • Recommendations: Important
  • High school GPA: Important

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The university admissions office
  • Total undergraduate business applicants: 5,099
  • Percentage of applicants admitted: 26 %
  • Percentage of admitted applicants who enrolled: 27 %
• • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: No
• • Admissions interviews for the undergraduate business program are: By invitation only

• Freshman admission:

  • Does the business program admit freshmen?: Yes
  • 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

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Freeman Student Government
  • Alpha Kappa Psi
  • Beta Alpha Psi
  • American Marketing Assoc.
  • Tulane Entrepreneurs Assoc.
• • Are freshmen required to live on campus?: Yes
  • 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:

  • BSM 122

ACADEMICS

• Average class size:

  • Required business classes: 29
  • Business electives: 32
  • Non-business electives: 44

• Percentage of business classes:

  • With 20 or fewer students: 26 %
  • With 21 to 50 students: 53 %
  • With more than 50 students: 21 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 53 %
  • Percentage of required business courses with waiting lists: 28 %

CURRICULUM

• Electives:

  • Available business electives: 46
  • New electives: Marketing Planning and Implementation
• • Last curriculum overhaul: 2005
  • Total business faculty: 85

• Most prominent faculty:

  • Ira Solomon
  • Paul Spindt
  • Albert Cannella

• Business program's leading areas of study:

  • • Finance
    • Marketing
    • General Management
    • Other
    • Actuarial Science
  • Other leading area of study: Legal Studies in Business
• • Special programs: Undergraduates can do a specialization in Energy: http://energy.tulane.edu A special program in investment analysis http://burkenroad.org
• • Work study: Tulane's Career Management Center works with students to secure internships relevant to their goals. http://hiretulanebiz.com
• • Study abroad programs: Study abroad develops a students cross cultural and international management skills. http://www.goldringinstitute.com/programs_exchange.html
• • Volunteer opportunities: Tulane requires all business students to take classes with a public service component. Additionally, Tulane's CACTUS has been a great outreach opportunity since 1960.

• Extra-curricular activities:

  • Burkenroad Investment Reports
  • Burkenroad Investments Workshop
  • TEA Business Plan Competition
  • Lawrence Finance Competition
  • Trading Competiton
  • 15 Clubs and Organizations

FINANCIAL AID

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

• Scholarships

  • Scholarship money distributed to business students last year: $26,797,450.00
  • Expected scholarship distribution to business students this year: $27,493,677.00
  • Scholarships are awarded to business students based on: a combination of need and merit
  • Students receiving institutional scholarships in the current academic year: 65 %
  • Students receiving full-tuition institutional scholarships in the current academic year: 3 %
  • Institutional scholarship money distributed to undergraduate business students based on need: 18 %
  • Institutional scholarship money distributed to undergraduate business students based on merit: 65 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt, most recent graduating class: $24,416.00

CAREER SERVICES

• Employment Information

  • Percentage of most recent business graduates who supplied information regarding employment: 67 %
  • Percentage seeking full-time professional employment in business: 84 %
  • Percentage not seeking full-time professional employment in business: 16 %

• Received first job offer:

  • By graduation: 44 %
  • After graduation, but within 3 months: 24 %
  • More than 3 months after graduation : 5 %
  • No job offer reported: 27 %

• Accepted first job offer:

  • By graduation : 44 %
  • After graduation, but within 3 months: 24 %
  • More than 3 months after graduation: 5 %
  • No job acceptance reported: 27 %
• • Companies recruiting business students on campus: 48
  • Companies posting job offers for business students on school job boards: 297

• Top employers (number of students hired):

  • Pricewaterhouse Coopers 5
  • Deloitte 5
  • U.S. Navy 5
  • Ernst & Young 4
  • KPMG 4
  • JP Morgan 3
  • Bloomberg 3
  • Citi 3
  • Goldman Sachs 2
  • T3 Trading 2
  • Teach for America 2
  • Capital One 1
  • Citrix Systems 1
  • Grant Thornton 1
  • Textron Marine & Land Systems 1

• Compensation

  • Mean base salary: $49,203.00
  • Median base salary : $50,000.00
  • Mean signing bonus: $3,750.00
  • Median signing bonus: $3,750.00

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

  • Consulting: 2 %
  • Finance/Accounting: 55 %
  • General Management: 10 %
  • Human Resources: 1 %
  • Management Information Systems: 4 %
  • Marketing/Sales: 14 %
  • Operations/Production: 3 %
  • Other: 11 %

• Most recent graduates accepted jobs in the following industries:

  • Accounting: 24 %
  • Consumer Products/Retail : 4 %
  • Consulting: 3 %
  • Financial Services: 28 %
  • Government/Education: 13 %
  • Pharma/Biotech/Health: 3 %
  • Manufacturing: 2 %
  • Media/Entertainment: 10 %
  • Petroleum/Energy: 1 %
  • Real Estate: 1 %
  • Sports/Leisure: 2 %
  • Technology/Science: 5 %
  • Non-Profit: 2 %
  • 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: 28 %
  • Mid-Atlantic: 12 %
  • Midwest: 6 %
  • South: 38 %
  • Southwest: 11 %
  • West: 5 %
• • Career services offered: Freeman Days in New York, Houston, and New Orleans offer networking opportunities. Career days on campus in the Spring and Fall bring companies to campus.

INTERNSHIPS

• • Companies recruiting business students for internships on campus: 48

• Top internship employers (number of students hired):

  • Pricewaterhouse Coopers 1
  • Deutche Bank 3
  • Constellation Energy 3
  • Ernst & Young 3
  • JP Morgan Chase 3
  • UBS - Investment Banking/Asset Management 3
  • Black Rock 2
  • Deloitte 2
  • Grant Thounton 2
  • LaPorte, Shert, Romig & Hand 2
  • L'Oreal 2
  • WellsFargo 2
  • The New Orleans Exchange 2
  • Bloomberg 1
  • Booz Allen Hamilton 1

• Internship pay

  • Internships that are paid: 36 %
  • Mean compensation, per week, for paid internships only: $644.00
  • Median compensation, per week, for paid internships only: $650.00
  • Average internship length, in weeks: 10

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 9,658
  • Total living alumni of the undergraduate business program: 8,027
  • Percentage of living alumni who contributed to the business program or university in the last academic year: 10 %

• Alumni gifts

  • Mean Gift: $8,416.00
  • Median Gift: $100.00
  • 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

  • Stanley Motta Chairman, Inversiones Bahia LTD.
  • Frank Stewart Chairman, Stewart Enterprises, Inc.
  • Lawrence A. Gordon Principal, Lawrence Gordon Productions

• • -Tulane is a unique place in its geographic area. It also has a unique place in time considering the opportunities presented by a recovering and prospering area in Southeast Louisiana.
    
    -Career development classes should be geared more towards interviews for prospective internships and jobs
    
    -The teachers and staff are always willing to help any students who show effort. The trading room in the business school is very unique. In Fundamentals of Energy Trading, students trade live crude oil futures as part of their grade. Burkenroad and Darwin Fenner are two other courses that offer real world experience while still in the classroom.
    
    -Hiring more tenure track professors instead of adjunct professors would be beneficial to the students. The adjunct professors are not held to the same standard as tenure track professors, and adjuncts are often only on campus for a few semesters which makes it hard for students to get recommendations from them.
    
    -I am in the 5 year, joint, BSM/MACCT program and it has prepared me very well for a future in the field of accounting. The program incorporates a busy season accounting internship into the curriculum, which I am about to participate in. The experience in the real world is very important and helpful in securing a job after graduation.
    
    -I am happy to see that the caliber and number of recruiting companies has improved and increased since I began my education at the Freeman School of Business. I hope for this improvement to continue, for I think that Tulane is an overlooked gem that does not get enough credit from companies that mainly recruit at more prestigious schools. For our Accounting and Energy programs, we have superb job placement. For finance, however, job placement is slightly above average; Tulane's Freeman School of Business deserves a wider variety of recruiters that represent financial institutions of a higher caliber.
    
    -Tulane's business program has a unique connectedness with local businesses in the area. The opportunities for Tulane graduates in New Orleans are strong not only because of the prestige of the degree, but also because of the sense of unit between the school and the community.
    
    -I think more interaction with the graduate business school and more focus on the consulting industry would help our business program become stronger.
    
    -So many of the professors, especially in the upper level finance and accounting classes are at the top of their field. I believe that as students we benefit greatly by learning from people who for years have been atop their respective fields. In addition, many of these professors owned/worked for business that were nearly destroyed during hurricane Katrina and have since recovered. Learning from professors who have overcome something like Katrina makes the current economy look like nothing.
    
    -At times it seems there are too many group projects/papers/presentations, etc. and while it prepares students for their futures in the business world, it can also inhibit students' potential, or frustrate and hinder students who work in teams with underperforming or lazy classmates
    
    -We offer Burkenroad Reports- not many schools offer a course/program that allows students to assume the roles of sell-side equity research analysts who initiate/continue coverage of companies traded on the NASDAQ. Burkenroad Reports is a hands-on course that offers students real world experience and leads to strong business connections via networking. As research analysts, my team and I personally interviewed management, conducted industry and business analyses, produced cash flow and earnings models, and published an investment research report as a member of a three-student team.
    
    -The freshman year/sophomore year classes do not offer the best teaching. Whereas, the junior/senior year teachers are outstanding. I guess you could say the teaching is a little "top heavy".
    
    -We have a phenomenal energy specialization program that is one of the best in the country. Our trading room and facilities are fantastic, and our faculty brings unique experience. Located in Louisiana, we have a geographical advantage for job placement, for many students end up working for major oil and gas firms in the region (especially Texas).
    
    -The program could use some more marketing classes. The classes they do offer are interesting, but there are many more classes offered for Management majors.
    
    -The business program was very instructional, but since New Orleans is not a hub of business activity the networking opportunities are harder to come by. Tulane tried though to hold events. Tulane even held networking events in Houston, Chicago, and NYC.
    
    -The career advisory center advisers are not very helpful and they do not make an effort to track graduates progress (or help) after they have left school or the New Orleans area.