Mar. 8, 2007 — In its second annual ranking of undergraduate business schools, BusinessWeek magazine has once again placed the University of Virginia’s McIntire School of Commerce second among the nation's best undergraduate business programs.
Only the University of Pennsylvania’s Wharton School ranked ahead of McIntire, but the BusinessWeek Web site announcement, revealed this afternoon, noted that, compared to Wharton, “Virginia rates higher on student satisfaction, sends a larger percentage on to top MBA programs, and is roughly on par with Wharton on key measures of academic quality. A dedicated faculty with a teaching style that demands active participation and teamwork, plus innovations such as a new multidisciplinary leadership program, don't hurt either.”
In summary, the BusinessWeek article noted, “A tiny two-year program at a public university, with in-state annual tuition of just $7,845, Virginia’s McIntire School of Commerce could not be more different from Wharton, an elite four-year private-school program with enrollment and tuition about four times as high.”
“On behalf of the faculty, staff, students, and alumni, we are very pleased to be ranked once again by BusinessWeek among the elite undergraduate programs in the nation,” said Carl Zeithaml, McIntire’s dean and the F.S. Cornell Professor in Free Enterprise. “I firmly believe that we achieved our ranking because we are committed to providing our students the best possible educational experience. If we consistently do so, then the appropriate rankings will follow.
“The School tirelessly pursues excellence, innovation, and the creation of new knowledge. Moreover, our faculty and staff provide extraordinary support for our students in every way,” Zeithaml said. “Of course, we also recognize that rankings can fluctuate from year to year, and while we appreciate external recognition, our fundamental goal remains the same: to provide our students with an education that will prepare them for a lifetime of leadership, integrity, and success.”
The rankings are based on measures of academic quality, student engagement and career placement, among other criteria. Central to the rankings, about 23,000 students from 123 colleges answered a 50-question survey on everything from the quality of teaching to recreational facilities, and BusinessWeek summarized their feedback on McIntire: “McIntire's third-year Integrated Core Experience, strong faculty, and type A students make U.Va. a destination for top national recruiters.”
According to the BusinessWeek study, the typical new business grad now earns $45,243, up 6.9% from a year ago, while the median starting salary of a McIntire grad is $52,500.
At McIntire, there are currently 663 full-time students in the two-year program, which accepts students beginning in their third year of college.
Top 10 Undergraduate Business Schools:
1. U. Penn. (Wharton)
2. U.Va. (McIntire)
3. UC-Berkeley (Haas)
4. Emory (Goizueta)
5. Michigan (Ross)
6. MIT (Sloan)
7. Notre Dame (Mendoza)
8. Brigham Young (Marriott)
9. NYU (Stern)
10. Cornell U.
BusinessWeek’s complete rankings of the Best Undergraduate Business Schools are online at the BusinessWeek Web site and will appear in the March 19, 2007 issue of BusinessWeek, on newsstands March 9.