Most UT Austin Forty Acres Scholars Major in Plan II or Business Honors

The most prestigious scholarship–a rare “full ride”–at the University of Texas at Austin is the Forty Acres award. Only 15-20 of these scholarships are granted in any given year. One notable fact about the scholarships is that more than half are awarded to Plan II Honors and/or Business Honors Students. One of the most common majors of Forty Acres Scholars is the combined Plan II/Business Honors major.

Bear in mind that Plan II only has about 700 students out of 39,000 undergrads on the UT Campus, which was originally assigned to, yes, forty acres of land in Austin. About three quarters of all Forty Acres Scholars are in some kind of honors program, with Plan II predominating. Others are engineering honors and the Turing Scholars program for computer science.

Both Plan II and Business Honors are highly selective. In this post on UT’s Business Honors Program, we wrote that by “’highly qualified’ we mean enrolled students with an average ACT of 33, and SAT of 1477 (higher than the 1466 average for the Wharton School at Penn), and an average high school class standing in the top 2.27%.”

For Plan II, the admissions statistics show that enrolled students in 2014 had middle 50 percent SAT scores of 2090–2270 and middle ACT scores of 32–34.

It is likely that many Forty Acres Scholars have even more impressive credentials. The most recent group of scholars with Plan II, Business Honors, or both majors is below:

Susie and John L. Adams Forty Acres Scholarship
Henry Boehm
Majors: Business Honors; Plan II Honors
Honors Programs: Business Honors; Plan II Honors
Hometown: Waco, TX
High School: Vanguard College Preparatory School

Ray and Denise Nixon Forty Acres Scholarship
Michael Everett
Major: Business Honors
Honors Program: Business Honors
Hometown: Southlake, TX
High School: Carroll Senior High School

BHP Forty Acres Scholarship
Chevron Enrichment Award
Alejandra Flores
Major: Business Honors
Honors Program: Business Honors
Hometown: Laredo, TX
High School: United South High School

Sarah M. and Charles E. Seay Forty Acres Scholarship
Chandler Groves
Majors: Business Honors; Plan II Honors
Honors Programs: Business Honors; Plan II Honors
Hometown: Southlake, TX
High School: Carroll Senior High School

Elizabeth Shatto Massey Forty Acres Scholarship
Mandy Justiz
Majors: Biochemistry; Plan II Honors
Honors Programs: Dean’s Scholars; Plan II Honors
Hometown: Austin, TX
High School: St. Andrew’s Episcopal School

Barbara and Alan Dreeben Forty Acres Scholarship
Seth Krasne
Majors: Business Honors; Plan II Honors
Honors Programs: Business Honors; Plan II Honors
Hometown: El Paso, TX
High School: Coronado High School

Charline and Red McCombs Family Forty Acres Scholarship
Alex Rabinovich
Majors: Business Honors; Plan II Honors
Honors Programs: Business Honors; Plan II Honors
Hometown: McAllen, TX
High School: McAllen Memorial High School

Lowell Lebermann Scholarship
Francesca Reece
Majors: Government; Plan II Honors
Honors Program: Plan II Honors
Hometown: Euless, TX
High School: Trinity High School

Madison Charitable Foundation Forty Acres Scholarship
Audrey Urbis
Majors: Business Honors; Plan II Honors
Honors Programs: Business Honors; Plan II Honors
Hometown: Brownsville, TX
High School: Los Fresnos High School

 

Texas A&M BBA Honors Program: Selective and Rigorous

The state of Texas is fortunate to have two flagship schools whose business honors programs are among the best four-year choices for extremely talented applicants who know from the get-go that business will be their chosen career.

In a previous profile of the UT Austin Business Honors Program, we noted that the average SAT score of BHP students was higher than students at Penn’s famed Wharton School.

The Texas A&M BBA Honors Program is also highly selective. Although the minimum requirement is 1300 SAT or 30 ACT plus a high school rank in the top 25%, the average scores and gpa’s of 2014 applicants were 1423 SAT and a high school rank in the top 3.75%. Since the the A&M BBA Honors Program is smaller than the UT Austin BHP, the selectivity percentage is even lower than for UT: In 2914, BBA Honors had 850 applications and enrolled only 76 students.

Once enrolled, students must complete a minimum of 30 hours of honors coursework to graduate with business honors. The 30 hours include 9 hours of required courses, 15 hours of business common body of knowledge courses, and 6 additional hours of the student’s choice.

Students must also maintain a 3.5 cumulative gpa; attend a minimum of 4 of the 70 professional development events offered each year; and complete an internship for credit and a summer reading assignment each year.

The Mays Business School also has merit scholarships available; BBA Honors students receive strong consideration for these awards.

“Our graduates take on challenging positions with well-respected companies, including major energy companies such as ExxonMobil and Shell, consulting firms such as Bain & Co. and Boston Consulting Group, banks such as Goldman Sachs and JP Morgan Chase, retailers such as Wal-Mart and Nordstrom, and professional services firms such as PwC and Deloitte,” according to the BBA Honors site.

“Graduates also have found employment by not-for-profit organizations such as the Financial Accounting Standards Board and Teach for America as well as governmental agencies such as the Department of Homeland Security.”

The number of BBA Honors grads who complete graduate or professional school is very impressive:

“Within five years of earning a BBA in Business Honors, 70% of our graduates are enrolled in or have completed a graduate program, including those in business, law, and medicine. Our graduates go on to top graduate programs at Harvard, Stanford, Rice, Georgetown, Johns Hopkins, Columbia, Vanderbilt, George Washington, William and Mary, New York University, the Wharton School of Business, and the University of Texas School of Law.”

The program also offers exciting opportunities for studying abroad. The Center for International Business Studies not only offers study abroad programs geared for business students but has classes in international business, foreign internships, and scholarships for studying abroad.

Honors News is a regular (not always daily) update, in brief, of recent news from honors colleges/programs and from the world of higher ed. Occasionally, a bit of opinion enters the discussion. These brief posts are by John Willingham, unless otherwise noted.

Honors News: August 23, 2015

Average GMAT Scores from 25 Top MBA Programs

Although our main focus in the near future will be on undergraduate business honors programs at public universities, we like to post stats and news about leading MBA programs as well.

Below is a list of 25 prominent MBA programs, both public and private, with the average GMAT score (2014) for each:

University MBA ProgramGMAT Avg  
Stanford732
Harvard730
Penn728
Chicago 724
NYU720
Yale720
Columbia716
Dartmouth716
Northwestern715
MIT714
UC Berkeley714
Virginia706
Michigan704
North Carolina697
Carnegie Mellon693
Georgetown691
Duke690
Texas690
Vanderbilt688
Rochester684
Emory675
Iowa669
Indiana668
Michigan State666
Illinois659

Honors News: August 21, 2015–Business Honors Programs

We are expanding our interest in public honors programs to include undergraduate honors professional programs, beginning with business honors. In the near future, we will begin a series of posts on the subject, centering for now on the 35 programs listed below. Business honors programs received some mention in A Review of Fifty Public University Honors Programs but only if they were an option for a university-wide honors students.

If we do another edition, we will likely include reviews, with ratings or otherwise, of some business honors programs.

In the meantime, you can use this list to begin your own searches. Please bear in mind that half of these are open only to sophomores or upper-division students who have already completed first-year and/or second-year courses with very high grades, typically a 3.5 gpa or better. Such programs are the business major versions of “departmental honors” upper-division tracks in other academic disciplines. There are good reasons for variations in the length of business honors programs. Some prefer that students have shown their commitment and ability in college before moving into the honors track. Others want to launch students as quickly as possible into honors. Business honors programs that have one or more four-year options are in bold below.

McCombs School, Business Honors Program—UT Austin
College of Business Admin Honors Academy–Nebraska
Robert H. Smith School of Business—Maryland
Lundquist College of Business—Oregon
College of Business-Iowa State
Bauer Business Honors Program—Houston
Business Honors Program—South Florida
David Eccles School of Business, Honors Program—Utah
Business Honors Program—San Diego State
Honors in International Business Program—Florida International
Fisher College of Business—Ohio State
Collat School of Business—Alabama Birmingham
Business Honors Program—Miami OH
Business Honors Program—UNC Charlotte
College of Business Honors, Georgia State
Kelley School, Business Honors Program—Indiana
W.P. Carey School, Business Honors Program—Arizona State
Rutgers Business School, Accounting Honors Program—Rutgers
BBA Business Honors Program–Texas A&M
Undergraduate Business Honors Program—Kansas
Sam W. Walton College of Business, Honors Program—Arkansas
Tippie College of Business, Undergraduate Honors Program—Iowa
Fox School of Business Honors Program—Temple
Carl H. Linder College of Business, Honors Programs—Cincinnati
Business Honors Program—Stony Brook
School of Business Honors Programs—George Mason
College of Business, Honors Program—Louisville
Culverhouse College of Commerce, Honors Program—Alabama
Eller College of Management, Honors Program—Arizona
College of Business, Honors Program—Ohio University
Foster School of Business, Honors Program—Washington
School of Business, Financial Analysis Honors, U at Albany
Gatton College of Business, Honors Program, Kentucky
Honors Program in Business, College of Charleston
College of Business, Business Honor Program, Illinois

Honors News is a regular (not always daily) update, in brief, of recent news from honors colleges/programs and from the world of higher ed. Occasionally, a bit of opinion enters the discussion. These brief posts are by John Willingham, unless otherwise noted.

UT Austin Business Honors Program: A Great Launching Pad

The McCombs Business School at the University of Texas at Austin consistently ranks among the leaders in the nation for both undergraduate and MBA programs, but the Business Honors Program (BHP) for highly qualified applicants can lead to jobs and salaries that rival those of the leading private university business schools.

And when we say “highly qualified” we mean enrolled students with an average ACT of 33, and SAT of 1477 (higher than the 1466 average for the Wharton School at Penn), and an average high school class standing in the top 2.27%.

The acceptance rate for the incoming class of 2015 was 17.6%, with total applications of 1,354.

The overall program size is approximately 500 students, with 120-130 enrolled students in each class year.

The McCombs School as a whole has ten business specialty programs ranked in the top 10, according to U.S News: Accounting (1), Marketing (3), Management Information Systems (4), Finance (5), Management (6), Real Estate (7), Entrepreneurship (8), Insurance (9), Production and Operations Management (9), and Quantitative Analysis (9). This means that students can change their minds about a business specialty and still receive equivalent classroom opportunities.

Another key factor is that BHP students can also jointly enroll in the nationally renowned Plan II honors program.  Indeed, the Plan II-BHP combination is chosen by about one-third of BHP students.

If the qualifications of students and quality of specialty programs in the BHP are as high as most other business schools, so are the salaries earned upon graduation, with a mean salary of $65,879 for 2014 grads. And the placement rate for grads seeking full-time employment: 100% for the last four years.

Additional features include classes that are significantly smaller than regular undergrad business classes. BHP classes are capped at 40 students per section; many have 20-25 students enrolled. The case study approach used by many MBA programs is also used in a lot of the BHP classes.

According to the BHP, its 2015 graduates “went to work for the top banks, consulting firms, accounting firms, tech firms and others. They are now working for Credit Suisse, JP Morgan Chase, Bank of America, McKinsey, Bain, Accenture, Boston Consulting Group, E&Y, PwC, Deloitte, KPMG, Facebook, Amazon, Visa, Shell, Chevron, Southwest Airlines, Frito-Lay, Coca-Cola, 3M, General Electric, and the like.

“They are starting their own businesses and working for nonprofits in India. They are going to med school, law school, and graduate business schools. The BHP degree is a versatile degree and a great launching pad for many different industries and pursuits.”

Princeton Review: Indiana, Iowa State, Michigan, UT Austin “Great Schools” for Business Majors

The 2015 edition of the Princeton Review takes the most popular college majors and then matches them with the 20 leading universities for those majors, as determined by student surveys and by advisers that the Review uses to assist with the rankings.

Four public universities–Indiana, Iowa State, Michigan, and UT Austin–made the top 20 lists for all three business-related majors covered by the Review: Accounting, Business/Finance, and Marketing.

In addition, James Madison University, the University of Houston, Michigan State, and Miami University made the top 20 lists in at least two of the business-related fields:

James Madison and the University of Houston–accounting and marketing; Michigan State–accounting and business/finance; and Miami University–business/finance and marketing.

Fifteen additional public universities made one of the top 20 lists:

Clemson, College of Charleston, Penn State, Temple, Texas A&M, Illinois, and UT Dallas–accounting.

Arizona State, Christopher Newport, CUNY Baruch, CUNY Brooklyn, Florida State, Portland State, Ohio University, and UC Berkeley–business/finance.

Central Florida, South Florida, and Mississippi–marketing.

 

 

 

 

 

Bloomberg Business Week: Top Undergraduate Programs 2014

The 2014 Bloomberg Business Week Top Undergrad Programs list is out, and 21 of the top 50 business schools are at public universities.  For the second year in a row, Notre Dame was number 1 and UVA was number 2.

Student and recruiter surveys have a major impact on the Bloomberg rankings, while the U.S. News rankings of undergrad business schools depend heavily on feedback from deans.  The Bloomberg rankings can vary significantly year to year, primarily because of the responses of employers and recruiters.  About 250 employers responded this year, and about 28,000 students participated, a response rate of about 33 percent.

Bloomberg considers SAT scores, student/faculty ratio, class size, internships, and hours spent on classwork to determine the academic quality of a program.

The Bloomberg rankings include test scores and, more importantly to many, median starting salaries, teaching “grade,” and placement rates.  All of the top 12 programs listed below have A+ placement rates except Washington U St. Louis (A).   Miami OH, Penn State, Ohio State, Georgia Tech, Michigan State, Minnesota, and Georgia also have A+ placement rates.

All of the public programs in the top 50 have median starting salaries of $50k or more, with UVA’s McIntire School of Commerce leading the way with $70,000 (tied with Penn’s Wharton School).

Here are the top 50, according to Business Week:

1. Notre Dame

2. UVA

3. Cornell

4. Boston College

5. Washington Univ

6. UT Austin

7. Penn

8. Indiana

9. Emory

10. North Carolina

11. Wake Forest

12. Michigan

13. Brigham Young

14. NYU

15. UC Berkeley

16. Richmond

17. Carnegie Mellon

18. Georgetown

19. Northeastern

20. Bentley

21. SMU

22. William & Mary

23. Boston Univ

24. Villanova

25. Miami OH

26. Babson

27. TCU

28. USC

29. Texas A&M

30. Penn State

31. Lehigh

32. Ohio State

33. Wisconsin

34. Illinois

35. RPI

36. UMass

37. Georgia Tech

38. Fordham

39. Maryland

40. James Madison

41. Univ of San Diego

42. Michigan State

43. Santa Clara

44. Florida

45. Elon

46. Minnesota

47. Loyola

48. Georgia

49. Bryant

50. Case Western

U.S. News Best Undergrad Business 2014: Florida, Georgia, Georgia Tech and Maryland Gain the Most

The 2014 U.S. News Best Colleges report lists the top schools for undergraduate business majors, and this year Florida made the biggest advance in the rankings –up 9 places– followed by Georgia, Georgia Tech, and Maryland, each of which gained 4 spots.

Other notable changes involving public universities were the additions of Georgia State University, Miami of Ohio, Oklahoma, and Utah to the top 50.  (The state of Georgia now has three public undergrad business programs in the top 50.)

Public universities with number one business specialty programs in the nation are as follows: UT Austin (accounting); Georgia (insurance); Michigan State (supply chain management/logistics); South Carolina (international business); Michigan (management); and Wisconsin (real estate).

As we have noted elsewhere, changes of four to six places can occur with only minor statistical changes.

Below are the public universities that made the top 50 list in 2014.  We will use the symbols (+, =, -) to indicate whether a school rose, remained the same, or dropped in the rankings compared to 2013.  Schools that gained four or more places will be in all caps.

+UC Berkeley–2014 (2); 2013 (3)

+Michigan–2014 (2); 2013 (3)

=Virginia–2014 (5); 2013 (5)

=North Carolina–2014 (7); (2013 (7)

-UT Austin–2014 (8); 2013 (7)

+Indiana–2014 (10); 2013 (11)

-Illinois–2014 (16); 2013 (14)

-Ohio State–2014 (18); 2013 (17)

+Maryland–2014 (18); 2013 (21)

-Minnesota–2014 (18); 2013 (17)

-Wisconsin–2014 (18); 2013 (17)

-Penn State–2014 (22); 2013 (21)

-Purdue–2014 (22); 2013 (21)

+Arizona–2014 (22); 2013 (24)

+Washington–2014 (22); 2013 (24)

-Arizona State–2014 (27); 2013 (24)

+GEORGIA TECH–2014 (27); 2013 (31)

-Michigan State–2014 (27); 2013 (24)

-Texas A&M–2014 (27); 2013 (24)

+FLORIDA–2014 (27); 2013 (36)

+GEORGIA–2014 (27); 2013 (31)

+Iowa–2014 (34); 2013 (36)

+William & Mary–2014 (38); 2013 (40)

-Colorado–2014 (38); 2013 (36)

+South Carolina–2014 (38); 2013 (40)

-Vermont–2014 (43); 2013 (40)

+GEORGIA STATE–2014 (47); 2013 (not in top 50)

+MIAMI OF OHIO–2014 (47); 2013 (not in top 50)

=Arkansas–2014 (47); 2013 (47)

=Connecticut–2014 (47) 2013 (47)

+OKLAHOMA–2014 (47); 2013 (not in top 50)

=Oregon–2014 (47); 2013 (47)

=Pitt–2014 (47); 2013 (47)

=Tennessee–2014 (47); 2013 (47)

+UTAH–2014 (47); 2013 (not in top 50)

 

 

 

 

Business Week: Best Public B-Schools Are Virginia, Michigan, UT Austin, North Carolina

The annual Bloomberg Business Week Best Undergraduate Business Schools report is out, and the business schools at the universities of Virginia, Michigan, Texas, and North Carolina are all in the top ten, based on student satisfaction, employer opinion, placement rates, and salary.

Bloomberg/Business Week survey 145 schools and 519 leading employers, along with 85,000 graduating seniors.  The response rates exceeded 32 percent in all categories.

The metrics also included the percentage of graduates pursuing MBA degrees, SAT scores, and class size.

The public university business schools ranked in the top 50 are listed below, with their national ranking among all schools public and private preceding the name of the university:

2–Virginia

8–Michigan

9–UT Austin

10–North Carolina

11–UC Berkeley

13–Indiana

21–Illinois

22–Miami of Ohio

26–Penn State

27–William & Mary

29–James Madison

32–Wisconsin

33–Texas A&M

34–Ohio State

37–Florida

39–Minnesota

41–Georgia Tech

43–Michigan State

44–Georgia

45–Massachusetts Amherst

48–Washington

50–Arizona

Best Public University MBA Rankings: A Consensus Approach

John A. Byrne, who first developed a ranking system for business schools while he was at Business Week, now has a major (and very interesting) website that also provides rankings; this year he has adopted something resembling Nate Silver’s statistical tweaking of multiple polls in order to form a more comprehensive view of MBA programs.

Bryne incorporates rankings from Bloomberg Business Week, Forbes, U.S. News, The Financial Times, and The Economist to obtain his results.  One great thing about the Poets & Quants Best MBA Programs is that you can see the different rankings side by side along with Bryne’s results.

A special nod is due the University of Washington and the University of Minnesota: “Among the top 50 business schools, the big winners were Washington University’s Olin School in St. Louis, up 11 places to finish 29th from 41st last year, the University of Minnesota’s Carlson School and the University of Washington’s Foster School, both up seven places to rank 27th and 33rd, respectively.”

We also want to remind readers of something noted in our own rankings: some schools with a strong engineering focus–Texas A&M, Purdue, and Georgia Tech–also have outstanding business schools.

No big surprises among the leading programs nationwide, all of which are in private universities: Harvard, Stanford, Chicago, Penn, Northwestern, MIT, Columbia, and Dartmouth.

Below are the public university MBA programs ranked among the top 50, according to Poets & Quants:

9–UC Berkeley

12–Virginia

13–Michigan

17–UCLA

18–UT Austin

19–North Carolina

21–Indiana

26–Wisconsin

27–Minnesota

28–Ohio State

31–Maryland

32–Texas A&M

33–Washington

34–Penn State

39–Purdue

40–Georgia Tech

41–Michigan State

42–Iowa

43–Illinois

46–Arizona State

48–UC Irvine

49–Georgia