Program Basics

• • Undergraduate Business
  • Kenan-Flagler Business School
  • CB 3490
  • Kenan Drive, McColl Building
  • Chapel Hill, North Carolina
  • 27599-3490
  • United States
  • Program Web site: http://www.kenan-flagler.unc.edu/programs/undergraduate-business
  • Program e-mail address: bsba_admissions@unc.edu
  • Program phone number: 9199623235
  • Status: Public (state-operated)
• • AACSB accredited: Yes
• • Year in which the undergraduate business program was founded: 1919
• • Institution: Four Year
• • Business Program: Two Year

SCHOOL BASICS

• Enrollment:

  • Total undergraduate: 29,137
  • Full-time undergraduate business: 623
  • Part-time undergraduate business: 0
  • Distance undergraduate business: 0
• • College or university freshman retention rate: 97 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 98 %
  • Within six years of admission to the university: 2 %

• Undergraduate Business Degrees Offered:

  • Bachelor of Science, Business Administration

PROGRAM COSTS

• • Annual Tuition (Resident): $7,008.00
• • Annual Tuition (Non-Resident): $26,834.00
• • Tuition Per Academic Credit (Resident): $184.00
• • Tuition Per Academic Credit (Non-Resident): $854.00
• • Annual Room and Board: $9,470.00
• • Annual Cost of Books: $1,150.00

CLASS PROFILE

• Students in newest entering class that are:

  • Female: 42 %
  • International: 15 %

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

  • Mean: 21
  • Median: 21

• Percentage of newest entering class:

  • Top 10% of high school class: 87 %
  • Top 25% of high school class: 98 %
  • GPA of 3.75 or higher: 96 %
  • GPA of 3.5 to 3.74: 3 %

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

  • Mean: 1344
  • Median: 1350

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

  • From: 1270
  • To: 1420

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

  • Mean: 30
  • Median: 30

• Middle 50% range of ACT scores:

  • From: 28
  • To: 32

• Citizenship breakdown for newest entering class:

  • US: 87 %
  • Canada: 0 %
  • Other Non-US Citizens: 13 %
  • Unknown Citizenship: 6 %

• U.S. citizens in newest entering class:

  • African American: 5 %
  • Asian American: 10 %
  • Hispanic or Latino American: 13 %
  • Multiethnic/Multiracial: 2 %
  • Native American: 2 %
  • White (Non-Hispanic): 64 %
  • Chose not to report: 2 %
  • Other: 2 %

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

  • Northeast: 9 %
  • Mid-Atlantic: 5 %
  • South: 80 %
  • Southwest: 2 %
  • Midwest: 3 %
  • West: 1 %
  • Possessions and territories: 0 %

ADMISSIONS - Getting Into the Institution

• Standardized tests required of all applicants:

  • SAT with writing OR ACT with writing
• • Interviews are: Not offered

• Application deadlines:

  • Fall 2012 10/15/2011
  • Fall 2012 1/5/2012
• • Additional application requirements: Please see http://admissions.unc.edu/Apply/default.html
• • Total undergraduate applicants, all programs: 23,753
• • Percentage of applicants admitted: 31 %
• • Percentage of admitted applicants who enrolled: 54 %
• • International applicants: 7 %
• • Female applicants: 42 %

• 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: Important
  • Character/personal abilities: Very Important
  • Application essay: Very Important
  • Work experience: Important
  • SAT/ACT scores: Very Important
  • Recommendations: Very Important
  • High school GPA: Very Important

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The business program office
  • Total undergraduate business applicants: 634
  • Percentage of applicants admitted: 54 %
  • Percentage of admitted applicants who enrolled: 100 %
• • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: No
• • Admissions interviews for the undergraduate business program are: Required

• 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
  • Additional application requirements for freshman admits: Students selected for the Assured Admission Program must complete a year-long program which includes a First Year Seminar and maintain a 3.25 cumulative GPA in order to transition into the major during the spring semester of their sophomore year.

• Internal transfers:

  • Method for handling internal transfers: Separate application
  • Minimum college GPA for internal transfers to the business program: 3.0
  • Additional application requirements, including course/grade requirements: Complete pre-requisite courses with a C or better, submit application which includes 3 essays, complete a required admissions interview, maintain a 3.0 cumulative GPA

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Undergraduate Consulting Club
  • Undergraduate Accounting Club
  • Undergraduate Marketing Club
  • Finance Club
  • Delta Sigma Pi
• • 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:

  • BS 120

• Other requirements for the undergraduate business degree

  • Global Awareness Requirement can be satisfied by an academic-credit bearing immersion program or select international business coursework.

ACADEMICS

• Average class size:

  • Required business classes: 40
  • Business electives: 25

• Percentage of business classes:

  • With 20 or fewer students: 15 %
  • With 21 to 50 students: 80 %
  • With more than 50 students: 5 %

CURRICULUM

• Electives:

  • Available business electives: 70
  • New electives: Advanced Spreadsheet Modeling
• • Last curriculum overhaul: 2009
  • Total business faculty: 78
  • Percentage of the total faculty that is tenured or tenure track: 49 %

• Most prominent faculty:

  • Valarie Zeithaml
  • Douglas A. Shackelford
  • Anil Shivdasani

• Business program's leading areas of study:

  • • Accounting
    • Entrepreneurship
    • Finance
    • Marketing
    • Consulting
  • Other leading area of study: Leadership, Family Enterprise
• • Special programs: GLOBE, a 3-semester international exchange partnership with Copenhagen Business School and the Chinese University of Hong Kong; Carolina Challenge; Undergraduate Venture Capital Investment Competition; Carolina Challenge-business plan competition; Undergraduate Business Symposium-student run career exploration and professional networking event; STAR student consulting projects; undergraduate case competitions; Undergraduate Business Leadership Initiative; Working Language.
• • Study abroad programs: Undergraduate business students participate in a variety of programs: short-term global immersion electives, short programs, traditional semester exchanges, international internship program, and the GLOBE program. Each year, the undergraduate business program hosts more than 80 exchange students through direct exchange agreements with leading international business schools. These relationships are managed through the undergraduate business program.
• • Volunteer opportunities: Habitat for Humanity, Knowledge is Power Program (KIPP)

• Extra-curricular activities:

  • Accounting Club, Alpha Kappa Psi, Undergraduate Business Student Association
  • Campus SMART Initiative, Carolina Entrepreneurship Club, Carolina Women in Business
  • Undergraduate Consulting Club, Undergraduate Marketing Club, Undergraduate Finance Club
  • Investment Society, International Business Club, Delta Sigma Pi Business Fraternity
  • Minority Business Student Alliance, Net Impact
  • Out for Business, Real Estate Club
  • External case competitions
  • Leadership development conferences

FINANCIAL AID

• • Who manages financial aid for the business program?: Central financial aid office at the university
  • Financial aid web site: http://admissions.unc.edu/Aid_and_Scholarships/default.html

• Scholarships

  • Scholarship money distributed to business students last year: $2,193,689.00
  • Scholarships are awarded to business students based on: a combination of need and merit
  • Students receiving institutional scholarships in the current academic year: 48 %
  • Students receiving full-tuition institutional scholarships in the current academic year: 26 %
  • Institutional scholarship money distributed to undergraduate business students based on need: 65 %
  • Institutional scholarship money distributed to undergraduate business students based on merit: 35 %
• • Mean outstanding debt, most recent graduating class: $14,619.00

CAREER SERVICES

• Employment Information

  • Percentage of most recent business graduates who supplied information regarding employment: 92 %
  • Percentage seeking full-time professional employment in business: 80 %
  • Percentage not seeking full-time professional employment in business: 20 %

• Accepted first job offer:

  • By graduation : 90 %
  • After graduation, but within 3 months: 7 %
  • No job acceptance reported: 3 %
• • Companies recruiting business students on campus: 135
  • Companies posting job offers for business students on school job boards: 2,054

• Top employers (number of students hired):

  • Bank of America 19
  • General Electric 10
  • Wells FArgo 8
  • Deloitte 5
  • Accenture 4
  • Capital One 4
  • Huron Consulting Group 4
  • Morgan Stanley 4
  • Procter & Gamble 4
  • Red Ventures 4
  • SunTrust Robinson Humphrey 4
  • Target 4
  • Bain & Company 3
  • Boston Consulting Group 3
  • Newell Rubbermaid 3

• Compensation

  • Mean base salary: $54,336.00
  • Median base salary : $55,000.00
  • Mean signing bonus: $6,475.00
  • Median signing bonus: $5,000.00
  • Mean other guaranteed compensation: $17,719.00
  • Median other guaranteed compensation: $8,000.00

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

  • Consulting: 21 %
  • Finance/Accounting: 41 %
  • General Management: 7 %
  • Human Resources: 1 %
  • Management Information Systems: 1 %
  • Marketing/Sales: 22 %
  • Operations/Production: 5 %
  • Logistics/Transportation: 1 %
  • Other: 1 %

• Most recent graduates accepted jobs in the following industries:

  • Accounting: 1 %
  • Consumer Products/Retail : 15 %
  • Consulting: 19 %
  • Financial Services: 39 %
  • Government/Education: 1 %
  • Pharma/Biotech/Health: 6 %
  • Manufacturing: 1 %
  • Media/Entertainment: 2 %
  • Petroleum/Energy: 2 %
  • Real Estate: 1 %
  • Sports/Leisure: 1 %
  • Technology/Science: 8 %
  • Non-Profit: 2 %
  • Transportation: 2 %
  • Utilities: 0 %
  • Other: 0 %

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

  • US: 100 %
  • Canada: 0 %

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

  • Northeast: 20 %
  • Mid-Atlantic: 15 %
  • Midwest: 10 %
  • South: 51 %
  • Southwest: 3 %
  • West: 1 %
  • Possessions and territories: 0 %
• • Career services offered: Undergraduate Business Symposium, Alumni databases, International Internship Program, Leadership Development, Career Expos, Career Panels & Workshops, Networking Nights, Mock Interviews, Interview Stream, NYC Interview Day, Online Career Exploration Tools, Archived Job Postings, Resume Referrals, 1:1 Counseling, Career Testing, Resource Library, Resume Creation Tool, Employer Contact Mining Tools, Career Consultants, Corporate Office Hours, Career Treks.

INTERNSHIPS

• • Companies recruiting business students for internships on campus: 52
  • Companies posting internship offers for business students on school job boards: 953

• Top internship employers (number of students hired):

  • Bank of America 21
  • Wells Fargo 11
  • General Electric 8
  • Morgan Stanley 5
  • Target 5
  • Credit Suisse 3
  • Dell 3
  • General Mills 3
  • JP Morgan 3
  • Morgan Creek 3
  • Newell Rubbermaid 3
  • PricewaterhouseCoopers 3
  • Procter & Gamble 3
  • Goldman Sachs 2
  • Booz Allen Hamilton 2

• Internship pay

  • Internships that are paid: 92 %
  • Mean compensation, per week, for paid internships only: $728.00
  • Median compensation, per week, for paid internships only: $751.00
  • Average internship length, in weeks: 10

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 24,382
  • Total living alumni of the undergraduate business program: 19,686
  • Percentage of living alumni who contributed to the business program or university in the last academic year: 27 %

• Alumni gifts

  • Mean Gift: $2,838.00
  • Median Gift: $200.00
  • 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

  • Gary Parr Deputy Chairman, Lazard Freres and Co.
  • Brent Callinicos Vice President and Treasurer, Google, Inc.
  • Jason Kilar Chief Executive Officer, Hulu, LLC

• • -There is a huge emphasis on teamwork and group projects, and each class usually entails 1-2 major deliverable projects during the semester. These projects foster strategy analysis skills and couple a strong experiential learning component with the classroom experience.
    
    -The program could be lengthened to help students get a jump-start on determining their career interests. The program is currently only 2 years, which made the internship search junior year challenging since I had just started to take business courses.
    
    -I feel that my school's business program has prepared me not only for a career in finance, but also for a career in a professional setting. I was taught how to dress and carry a conversation in a professional setting. I was taught how to prepare and give presentation, write resumes, cover letters, and executive summaries. Going into my first job, I am confident that I can properly handle anything that my manager assigns me.
    
    -The program could better integrate real world applications to theory within its core requirements. For example, Corporate Finance should spend more time in case studies than in discussing the theory behind Black-Sholes.
    
    -Resources provided by Kenan-Flagler Business School have allowed students to seek and successfully obtain quality internships and full-time jobs. The strong reputation brings in recruiters from great firms, and gives KFBS students an advantage over others, particularly helpful during this time of economic volatility. I have been thrilled with my experience at KFBS - access to great study environments, an in-house cafe, as well as Bloomberg computers and IT services make the business school the perfect place to work. I never feel as though I need to leave the b-school to accomplish tasks. Similarly, when I need a break from the work, there are always familiar faces with whom I interact and socialize with on a daily basis. The professors all seem to have amazing work-experiences, and know exactly what the needs of the students are.
    
    -Although Kenan-Flagler offers many international programs, many are prohibitively expensive. I feel Kenan-Flagler could make an effort to provide more international programs that a larger percentage of the student body could afford to participate on. Additionally, I feel Kenan-Flagler could make an effort to advertise and connect with more international employers.
    
    -KFBS has taught me much more than a set of technical skills to use in the business world. I have experience working with many different people - especially in leadership roles - towards a common goal. KFBS professors have sewn a seed of confidence in me that I am certain will be an asset throughout my career.
    
    -I think they could have a greater emphasis on business ethics. Not that the school is unethical, but given the reputation (sometimes deservedly) of the business world in America, I think we should take a closer look at what is right and wrong -- maybe in a seminar or case study format.
    
    -I believe Kenan-Flagler does an outstanding job connecting the student, professor, and alumni community. Being a part of the Kenan-Flagler community has infinitely enriched my experience at UNC. The caliber of business classes is much higher in comparison with non-business classes. Each Kenan-Flagler student is given a laminated name plate to put on his/her desk each class. This personalized learning environment allows peers to get to know each other and professors to get to know their students.
    
    -I think Kenan-Flagler could improve on networking within business school. Teamwork is promoted to a high degree, but personal connections outside of the classroom are not as emphasized.
    
    -This program has outstanding professors. I have had the opportunity to take multiple MBA courses. Chapel Hill is the best all-around college town. There is no school or program I would rather be in.
    
    -Kenan-Flagler should reduce the number of students admitted to improve the student quality. It would also help if the school could improve its ability to place students in firms with operations outside of the Southeast.
    
    -The emphasis on teamwork is outstanding. With all of the projects we have, you really are able to get to know your peers. Essentially, you are working together with them throughout the course of your academic career, creating a sense of community rather than a strict individual learning environment. Additionally, the push to study abroad is incredible, we are truly given the opportunity to experience new cultures to better understand how business is conducted abroad.
    
    -The affordability, social aspect, and sports programs of a large, state school but being part of a small, connected, family of business school students in our own building makes it feel like a small liberal arts school atmosphere. The quality of students and professors is top-notch, but the attitude and ability to approach anyone keeps the ivy-league ego out of the classrooms.