Tulane University

Program Basics

• • Tulane, Freeman School of Business
  • Freeman School of Business
  • 7 McAlister Drive
  • New Orleans, 70118, Louisiana
  • 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
• • Year in which the undergraduate business program was founded: 1914
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Institution's total undergraduate enrollment: 12,622
  • Undergraduate business program's full-time enrollment: 1,374
  • Undergraduate business program's part-time enrollment: 9
  • Undergraduate business program's distance enrollment: 0
• • Freshman retention rate for your college or university?: 91 %

• Undergraduate Business Degrees Offered:

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

PROGRAM COSTS

• • Annual Tuition (Resident): $38,300.00
• • Annual Tuition (Non-Resident): $38,300.00
• • Annual Required Fees: $3,584.00
• • Tuition Per Academic Credit (Resident): $1,596.00
• • Tuition Per Academic Credit (Non-Resident): $1,596.00
• • Annual Room and Board: $9,824.00
• • Annual Cost of Books: $1,200.00

CLASS PROFILE

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

  • Female: 47 %
  • International: 5 %

• 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: 44 %
  • Top 25% of high school class: 78 %
  • GPA of 3.75 or higher: 23 %
  • GPA of 3.5 to 3.74: 24 %

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

  • Mean: 1289
  • Median: 1300

• Middle 50% range of SAT scores:

  • From: 1230
  • To: 1350

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

  • Mean: 28
  • Median: 29

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

  • From: 27
  • To: 33

• Citizenship breakdown of 2010-11 entering class:

  • US: 95 %
  • Other Non-US Citizens: 5 %

• US Citizens in 2010-11 entering class:

  • African American: 4 %
  • Asian American: 3 %
  • Hispanic or Latino American: 3 %
  • Multiethnic/Multiracial: 2 %
  • Native American: 0 %
  • White (Non-Hispanic): 89 %

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

  • Northeast: 34 %
  • Mid-Atlantic: 1 %
  • South: 35 %
  • Southwest: 9 %
  • Midwest: 12 %
  • West: 9 %
  • Possessions and territories: 0 %

ADMISSIONS - Getting Into the Institution

• Which standardized tests are required of all applicants?:

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

• Application deadlines for the 2011-2012 academic year

  • Fall 2011 01/15/2011
  • Spring 2012 11/15/2011
  • Fall 2012 1/15/2012
• • Additional application requirements: All applicants submit letter of rec from high school counselor, statement, and transcript. International students; TOEFL and certificate of finances. Transfer students; transcript from all colleges attended.
• • Total number of full-time undergraduate applications (admitted and denied) to all programs: 43,815
• • Percentage of applicants admitted: 26 %
• • Percentage of admitted applicants who enrolled: 14 %
• • Percentage of applicants (admitted and denied) to the entire college for the 2010-11 academic year who were international: 2 %
• • Percentage of college applicants (admitted and denied) for the 2010-11 academic year who were female: 47

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Important
  • Talent/ability: Considered
  • 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: Very Important

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The university admissions office
  • Total number of applicants (admitted and denied) to the undergraduate business program for the 2010-11 academic year: 5499
  • Percentage of applicants admitted to the program (selectivity)?: 25 %
  • Percentage of admitted applicants who enrolled (yield): 19 %
• • 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 offered

• Freshman admission:

  • Does the business program admit freshmen?: Yes
  • Are business students admitted to the program as freshmen required to complete or obtain minimum GPAs? No
  • Process for freshmen admission?: Indicate interest on university application
  • Additional application requirements for freshman admits: continuation requirements and specific major courses

• Internal transfers:

  • Method for handling internal transfers: Declare business major

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

• Other requirements for the undergraduate business degree

  • University core req., Business core req.,Major requirements

ACADEMICS

• • Average class size in required business classes, excluding those offered in electronic format: 29
  • Average class size in BUSINESS ELECTIVES, excluding those offered in electronic format: 34
  • Average class size in NON-BUSINESS ELECTIVES required for admission: 44

• Percentage of business classes:

  • With 20 or fewer students: 44 %
  • With 21 to 50 students: 40 %
  • With more than 50 students: 16 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 15 %
  • Percentage of required business courses with waiting lists: 17 %

CURRICULUM

• Electives:

  • Number of elective courses (not different sessions of same course) available in the business program in the current academic year: 51
  • Names of new electives that have been added to the business program in the current academic year: Finance Literacy in Public Service
• • In what year was the last major change or significant overhaul to the business program's core curriculum?: 2005
  • Total number of faculty currently teaching in the undergraduate business program: 92
  • Percentage of the total faculty that is tenured or tenure track: 40 %

• Most prominent faculty:

  • Albert Canella, Jr. PhD.
  • Angelo DeNisi, PhD
  • Paul Spindt, PhD

• Business program's leading areas of study:

  • • Finance
    • General Management
    • Marketing
    • Other
    • Actuarial Science
  • Other leading area of study: Legal Studies in Business

• New electives added in current academic year:

  • Finance Literacy in Public Service
  • Social Media
  • Intro to Electric Power Markets
  • Advertising and Brand Promotion
  • Design Applications in Behavior Sci

• Special Programs:

  • Special programs available to business students: Burkenroad reports, fenner Portfolio Mgt., Energy Certificate, Entrep Certificate.

• Work study:

  • Does the business program offer work study or co-op opportunities?: No
  • Opportunities available for work study or co-op: Tulane's CMC works with students to secure internships: http://hiretulanebiz.com

• Study abroad:

  • Does the business program offer opportunities to study abroad?: Yes
  • Study abroad programs: The purpose of the study abroad program is to develop students' cross-cultural sensitivity and international management skills by focusing on cultural understanding and global strategies that create competitive advantages in international business.

• Volunteer opportunities:

  • Are opportunities for volunteer work and community service available to business students?: Yes
  • Available opportunities for volunteer work and community service: In addition to individual service opportunities, Tulane requires all bus. students to take classes with a public service component.

• Extracurricular activities:

  • Business-related clubs and extra-curricular activities are available to undergraduate students: Burkenroad Investment Reports
  • Burkenroad Invest. Workshop
  • TEA Business Plan Competition
  • Lawrence Finance Competion
  • Trading Competition
  • 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

• Scholarships

  • Total scholarship money distributed to undergrad business students through the financial aid office: $25,612,245.00
  • Total scholarship money expected to be distributed to undergrad business students through the financial aid office: $25,306,854.00
  • On what basis are scholarships awarded to students in your business program?: a combination of need and merit
  • Percentage of undergraduate business students receiving institutional scholarships or grants for the 2010-11 academic year: 67 %
  • Percentage of undergraduate business students receiving FULL-TUITION scholarships for the 2010-11 academic year: 3 %
  • Percentage of institutional scholarship money distributed to undergraduate business students based on need: 18 %
  • Percentage of institutional scholarship money distributed to undergraduate business students based on merit: 64 %

• 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: $35,850.00

CAREER SERVICES

• Employment Information

  • Percentage of 2010 graduates from the business program for whom you have information regarding employment: 80 %
  • Percentage seeking full-time professional employment in business: 73 %
  • Percentage not seeking full-time professional employment in business: 27 %
• • Number of companies that recruited undergraduate business students on campus: 57
  • Number of companies that posted full-time job offers for undergraduate business students on school job boards: 3,200
  • Other activities and services: Resume support, interview support, counseling, career resources.

• Job Offers

  • Received first job offer by graduation: 45 %
  • Received first job offer after graduation, but within 3 months: 25 %
  • Received first job offer more than 3 months after graduation : 7 %
  • Did not report having received a job offer : 23 %
  • Accepted first job offer by graduation : 45 %
  • Accepted first job offer after graduation, but within 3 months: 25 %
  • Accepted first job offer more than 3 months after graduation: 7 %
  • Did not report having accepted a job offer : 23 %

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

  • Ernst & Young 11
  • PWC 6
  • Deloitte 4
  • KPMG 4
  • Citi 3
  • Teach for America 3
  • Conoco 2
  • Capital One 2
  • U.S. Navy 2
  • Sequent 1
  • Intralox 1
  • Northwestern Mutual 1
  • Hernandez Consulting 1
  • Oshsner 1
  • Condera Advisors 1

• Compensation

  • Mean base salary: $50,164.00
  • Median base salary : $51,834.00
  • Mean signing bonus: $5,417.00
  • Median signing bonus: $5,000.00
  • Mean other guaranteed compensation: $4,000.00
  • Median other guaranteed compensation: $4,000.00

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

  • Consulting: 1 %
  • Finance/Accounting: 66 %
  • General Management: 4 %
  • Human Resources: 0 %
  • Management Information Systems: 3 %
  • Marketing/Sales: 16 %
  • Operations/Production: 1 %
  • Logistics/Transportation: 0 %
  • Other: 9 %

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

  • Accounting: 37 %
  • Consumer Products/Retail : 3 %
  • Consulting: 5 %
  • Government/Education: 7 %
  • Pharma/Biotech/Health: 1 %
  • Manufacturing: 1 %
  • Media/Entertainment: 5 %
  • Petroleum/Energy: 3 %
  • Real Estate: 2 %
  • Sports/Leisure: 5 %
  • Technology/Science: 1 %
  • Non-Profit: 2 %
  • Transportation: 0 %
  • Utilities: 0 %
  • Other: 5 %

• 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: 15 %
  • Mid-Atlantic: 11 %
  • Midwest: 8 %
  • South: 48 %
  • Southwest: 12 %
  • West: 6 %
  • Possessions and territories: 0 %

INTERNSHIPS

• Firms that hired the most 2010 undergrad business majors for internships:

  • PwC 9
  • Deloitte 3
  • Ernst & Young 2
  • Merrill Lynch 2
  • KPMG 1
  • JP Morgan 1
  • Teach for America 1
  • UBS 1
  • Receivables Exchange 1
  • Aegis 1
  • TMG Consulting 1
  • Hernandez COnsulting 1
  • BMC Software 1
  • NOLA 1
  • U.S. Navy 2

• Internship pay

  • Mean compensation, per week, for paid internships only: $9,600.00
  • Median compensation, per week, for paid internships only: $7,927.00
  • Average internship length, in weeks: 12

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 9,000
  • Total living alumni of the undergraduate business program: 7500
  • Percent of living undergraduate business alumni who contributed to the program or university July 1, 2009 to June 30, 2010: 18 %

• Alumni gifts

  • Mean Gift: $13,000.00
  • Median Gift: $130.00
  • 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

  • Larry Gordon Principal, Lawrence Gordon Productions
  • Frank Stewart Chairman, Stewart Capital
  • Shorty Frankel Managing Director, Newberger Berman LLC

• • -Tulane has small classes with great professors, many of which have had great relevant work experience prior to teaching, which they apply to their classes. There is a great emphasis on group projects, which help simulate team situations in the working world. Additionally, the balance between school and social life is unparalleled; especially it is in one of the greatest cities in the world, New Orleans.
    
    -We have excellent Career Development programs, and they make sure every step of the way we are learning the necessary skills for that age. Example: freshman year defining our goals, sophomore year learning to write a proper resume, junior year re-doing our resumes and learning to study a company and write a proper cover letter, and the senior year one I have yet to take this spring.
    
    -The Burkenroad Reports Equity Research program I participated in game me hands on experience that none of my friends from other schools received.
    
    -I would prefer less required general courses so that I could take more courses that are relevant to my field. Also, I would prefer less prerequisites or the ability to test out of prerequisites.
    
    -All my teachers make themselves available for conference and discussion of class material. They also make an effort to be social with their students. This makes opportunities for participating in research and case studies, and making career connections easier.
    
    -I wish there was a slightly larger variety of employers that interview on campus. Being in New Orleans, there are a large number of energy-related companies, a field that doesn't interest me. There is a heavy number of finance and accounting recruiters, but I would like to see more marketing and operations related recruiters coming to speak or interview.
    
    -Tulane's business program is unique because it combines business education with community activism. Not only do our professors teach us business fundamentals, but they also encourage us to apply our knowledge in a community service based approach. The Freeman school also requires students to take career development classes each year that helps prepare students for internship and career searches. This has been incredibly useful for me and many of the other Tulane students. The Freeman School also has an incredibly strong alumni base, which has proven incredibly helpful and motivating.
    
    -The students are the problem at Tulane. They are typically wealthy, snobbish, arrogant and unpleasant to be around. A huge part of college that will directly impact the success you have in life is the connections you make. It is difficult to make connections at Tulane unless you're a jackass like everybody else. The students honestly are not worthy of the great teachers available here.
    
    -The Burkenroad Reports Program is a very unique offering. In the course, students team up to perform stock analysis, company valuation, financial forecasting and to produce sell-side stock analysis reports that are distributed to thousands of money managers nationwide. This is the only sell-side stock analysis course offered by a American University.
    
    -The career management center needs a lot of work. Most of the high level students that have landed prestigious jobs have done it on their own and not through the school's resources
    
    -Every professor makes himself or herself accessible at all hours. While the classes are extremely demanding--all faculty members actively engage with students before a test to ensure that students have the opportunity to do well. The business school offers amenities to business students only (such as snacks and frequent visits from quality speakers). The business school also houses their own library separate from the general liberal arts library. Most professors worked or currently work while teaching--bringing real world knowledge and experience in the business world to the classroom setting.
    
    -One thing that makes my business program unique is the Legal Studies in Business major. I've taken three of these classes, and given my career-specific interests in law, these classes will give me an advantage over my peers who have received little to no legal education. These classes allow students to view the business world from an additional angle, making our education more comprehensive/complete.
    
    -The incorporation of New Orleans culture and values into the business curriculum is amazing.