HIGHLIGHTS 2012 2012 was another year of great progress for the Wisconsin School of Business. We aim to be an exemplary knowledge enterprise true to our university’s commitment to research and public service, inspiring and supporting students of business to personal and professional success as members of a loyal and engaged Wisconsin School of Business community.
2012 HIGHLIGHTS WE ARE PROUD TO SHARE: • Welcomed to the school four new faculty members, a CEO of
REPORT TO INVESTORS 2012
Executive Education, and a chief communications officer overseeing our infrastructure and brand
• Developed and launched a new approach to curriculum design: KDBINTM • Hosted Bill George, former CEO of Medtronic, and Bud Selig, the commissioner of Major League Baseball, to speak with our students about ethics and leadership
• Secured more than $3.5 million in unrestricted gifts to help support school strategy
• Received philanthropic investments from 100 percent of the Dean’s Advisory Board and the Wisconsin Business Alumni Board in 2012 This Report to Investors serves as an overview of our progress in 2012. Over the upcoming year, we will continue to implement our strategic priorities, refine our targets, and track our progress.
bus.wisc.edu
BACK
COVER
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visit bus.wisc.edu/bba .
BBA APPLICANTS Increase in number of applicants between 2011 and 2012
2012
2011
Number of applicants
1,216
972
Percent admitted
50%
62%
Percent yield
99%
99%
Median GPA
3.6
3.5
604
606
Percent female
45%
41%
Percent minority
7.4%
4.5%
Percent international
12.0%
9.3%
Percent Wisconsin resident
52.0%
47.4%
2012
2011
701
586
Class size
GRADUATING CLASS Class size Placed at graduation
78.03%
73.90%
Median base salary
$52,000
$52,000
Median signing bonus
$4,000
$5,000
Percent receiving bonus
33.73%
38.80%
35%
37%
14.10%
9.30%
Percent Wisconsin resident
52.8%
47.4%
Percent graduating with internship
71.3%
70.0%
Percent with international experience (travel) Percent international
25% 1,216
SIZE OF MAJORS
MACC
2012
INCOMING CLASS
2012
2011
2010
2009
2008
Number of applicants
433
508
511
524
506
Percent admitted
24%
30%
31%
32%
32%
Percent yield
91%
73%
75%
70%
76%
Median GPA
3.35
3.35
3.41
3.43
3.34
Median GMAT
680
690
680
670
660
4.8
4.3
4.0
4.8
4.0
94
111
118
117
123
Percent female
31%
24%
41%
32%
29%
Percent minority
17%
17%
17%
15%
11%
Median years of work experience Class size
Percent international
18%
9%
16%
5%
19%
Percent Wisconsin resident
19%
43%
30%
42%
36%
GRADUATING CLASS
2012
2011
2010
2009
2008
117
116
124
106
116
86.0%
91.0%
87.0%
82.5%
94.2%
Median base salary
$93,000
$94,000
$87,500
$87,500
$90,000
Median signing bonus
$18,520
$20,000
$16,750
$15,000
$15,000
Class size Placed within three months of graduation
2011
Accounting
450
458
Percent receiving bonus
76.0%
77.0%
61.0%
72.1%
74.0%
Actuarial Science
181
198
Percent salary increase
59.0%
65.2%
51.6%
51.6%
72.0%
Finance, Investment, and Banking
635
679
33
38
International Business
139
171
Management and Human Resources
380
402
Marketing
484
509
33
29
Real Estate and Urban Land Economics
136
150
Risk Management and Insurance
231
222
3
*
Operations and Technology Management
2011
To learn more about the full-time MBA program, visit bus.wisc.edu/mba .
2012
Information Systems
972
The full-time MBA program updated its core curriculum in 2012 to build blended learning experiences (online and in-classroom) into the accounting and economics classes. A new five-week introductory leadership and teams course based on the research of Assistant Professor Mary Triana was also developed.
Undeclared
* Data unavailable
MASTERS OF ACCOUNTANCY PROGRAMS
The Master of Accountancy (MAcc) programs at the Wisconsin School of Business have grown steadily throughout the past two years, from a graduating class of 95 in 2010 to 104 in 2012. The placement rates have increased considerably as well, from 85% in 2010 to 96% in 2012.
STUDENT COMMENCEMENT CAMPAIGNS The Wisconsin School of Business Commencement Campaigns are student-led initiatives to encourage giving among MBA and BBA graduates. Through gifts that range from $20 to $2,000, the school’s newest graduates have the opportunity to shape the culture of giving and contribute to the school for years to come.
MBA CAMPAIGN STATISTICS
BBA CAMPAIGN STATISTICS Percentage of class participation and amounts pledged
45% $15,129
97% $80,470
100% $94,677
Percentage of class participation and amounts pledged
2012 104 students graduated
2011 87 students graduated
2010 95 students graduated
3.62 median incoming GPA 96% placement $53,088 average base salary
3.64 median incoming GPA 94% placement $52,000 average base salary
3.61 median incoming GPA 85% placement $50,200
average base salary
16% $5,635 2011
The Wisconsin School of Business has expanded its following on social media networks throughout the past year. We encourage you to follow us to learn more about what our students, alumni, friends, faculty, and staff are doing. Check us out on Facebook, Twitter, LinkedIn, Pinterest, and Instagram!
SOCIAL MEDIA STATS
1,415 like the Wisconsin School of Business page 1,338 follow Wisconsin School of Business @UWBUSINESS 1,192 follow Wisconsin Business Alumni @WISCBUSALUMNI 818
• These numbers include May, August, and December grads • Matching dollars are not included in these numbers
5
follow Dean François Ortalo-Magné @FORTALOMAGNE
6,449 members of the Wisconsin Business Alumni Group 80
follow Wisconsin School of Business (NEW as of December 2012)
52
follow Wisconsin School of Business (NEW as of December 2012)
39,985 TOTAL ALUMNI
Data is current as of 12/31/2012.
WE NEED YOUR HELP! We’ve lost touch with more than 2,000 of our Wisconsin Business Alumni. We want to stay connected with you! Fill out this quick online contact information form (mobile friendly!) for a chance to win a mini Memorial Union chair. Share the link with a fellow Business Badger alum and help us track down our lost alumni. We look forward to reconnecting with you! Send us your updates: http://bit.ly/WBAUpdate Win Me!
ALUMNI CONTACT INFO STATISTICS Emails
2012
Data is current as of 2/21/2013.
Or scan this QR code:
To learn more about the Masters of Accountacy programs, visit bus.wisc.edu/degrees-programs/msmacc .
LIFELONG CONNECTIONS
To learn more about the Bachelor of Business Administration program,
INCOMING CLASS
FULL-TIME MBA
UNDERGRADUATE
In 2012, the Wisconsin School of Business introduced the Compass Program to help newly admitted undergraduate students with professional and personal development. The pilot program started in the fall of 2012 with a requirement for all incoming students to complete academic advising and community service hours. In fall 2013, the incoming class will also be required to complete a one-credit leadership course during their first year. The focus on academics and career development will help prepare students for life after business school. These types of premium learning experiences continue to attract students, as evidenced by the growth in applicants from 2011 to 2012.
2011
2012
Number of alumni without
Percentage of alumni without
18,294
45.75%
Mailing Addresses
3,645
9.12%
Titles
9,417
23.55%
10,714
26.80%
Employers
2012
1,794
Undergraduate BBA Students
UNDERGRADUATE
2
nd
2
nd
9th
Ranked 17th in the U.S. (8th among public universities) by U.S. News & World Report 9/12/2012 Real Estate Ranked 2nd in the U.S. by U.S. News & World Report 9/12/2012 Risk Management and Insurance Ranked 2nd in the U.S. by U.S. News & World Report 9/12/2012 Marketing Ranked 9th in the U.S. by U.S. News and World Report 9/12/2012
FULL-TIME MBA
25th
Ranked 25th in the U.S. (8th among public universities) by U.S. News & World Report 3/13/2012
34th
Ranked 34th in the U.S. (13th among public universities) by Businessweek 11/15/2012
A
Received an A grade for career services, teaching quality, and caliber of classmates by Businessweek 11/15/2012
26th
Ranked 26th in the U.S. (8th among public universities) by Poets & Quants 12/07/2012
PROGRAM PROFILE
2012
2011
2010
2009
2008
Number of Applicants
298
325
357
321
309
Percent admitted
9%
5%
6%
9%
11%
Percent yield
3%
3%
3%
4%
5%
53
51
56
59
56
40%
60%
54%
53%
50%
0%
0%
8%
0%
0%
40%
30%
54%
62%
55%
4
10
13
4
14
Class size Percent female Percent minority Percent international Number of graduates
224 Executive and Evening
(Admissions=starting in fall of that year. Graduates=finishing in spring of that year.)
49 Ph.D. Students 3,704
Professional Development Students
In 2012, the Wisconsin School of Business hired four new faculty members to contribute to the school’s focused research and teaching excellence. The new faculty include: Hart Posen in the Management and Human Resources Department; Jaime Luque in the Real Estate and Urban Land Economics Department; Jordan Tong in the Operations and Information Management Department; and Briana Chang in the Finance, Investment, and Banking Department. To learn more about our faculty, visit bus.wisc.edu/faculty. 2012
2011
2010
2009
2008
Number of full-time faculty equivalent
66
71
74
78
75
Number of publications in peer review
57
68
56
62
58
109
110
108
105
111
Number of editorial positions
More than
9,500
Total Business Students
Serving more than
3,500
In 2012, more than $5 million philanthropic dollars were spent in support of faculty research endeavors. Without donor support, it would be extremely difficult to recruit and retain leading faculty. Unrestricted gifts, like those to the school’s Annual Fund, provide the foundational support necessary to allow our faculty to explore educational innovation and thought leadership.
from Wisconsin Naming Gift
Serving more than
600
from Faculty Excellence Fund
Corporate Partners
$830k
44%
29% School program revenues
Operations
44% Number of business alumni who give to the University of Wisconsin-Madison
Number of business alumni who give to the Wisconsin School of Business
5,962
22% Student support
Faculty salaries
2012
34%
13%
3,179
31% Staff salaries
YOUR INVESTMENT MATTERS
$2.5m
To read more about the impact of philanthropy or to make a gift, please visit
bus.wisc.edu/update-investment .
$1.6m
Number of living alumni
2012
2011
2010
2009
2008
39,985
39,185
38,492
37,848
37,152
Number of alumni donors
3,179
3,462
3,911
4,154
4,353
Total number of donors
4,160
4,432
5,001
5,230
5,438
Number of donors giving more than three years out of the five preceding years
3,929
4,167
4,297
4,404
4,344
Total dollars received (in millions)
$14.6
$12.8
$17.3
$18.5
$21.2
$1.6
$1.3
$1.3
$1.7
$1.9
$154.3*
$146.7
$155.5
$144.5
$111.6
Total dollars to Wisconsin School of Business Annual Fund (in millions) Endowment market value (in millions)
8
University budget allocation*
2012
*Represents our portion of state support and tuition combined
* Total as of 9/30/2012
3
8%
8%
11%
GIFT DATA from Endowed Chairs
Philanthropy (expendable)
Philanthropy touches every corner of the school: facilities, technology, students, faculty, and staff. From annual gifts to transformational investments, generations of alumni have helped further the school’s vision and, in doing so, changed not just business, but the world.
PHILANTHROPY SUPPORTS FACULTY RESEARCH
Ranked 21st in the U.S. (13th among public universities) by U.S. News & World Report 3/13/2012
Visit bus.wisc.edu/update-rankings to see all rankings.
Philanthropy is a critical component to the future of higher education and is essential to the school’s ability to Philanthropy recruit top faculty and staff and (Wisconsin Naming Gift) provide premium learning experiences. The University of Philanthropy Wisconsin-Madison provides less (endowments) than 50% of the Wisconsin School of Business’ budget. The Annual Fund provides the school with the freedom to innovate, make the most of new educational tools, bring the thought leadership of top researchers into the classroom, and provide inspiring educational experiences to students.
MBA Students
Non-Business Majors Taking Business Classes
EVENING MBA
21st
223 Full-Time MBA Students
FACULTY
17th
To learn more about our Ph.D. program, visit bus.wisc.edu/phd .
FINANCIAL METRICS
RECOGNIZED IN
PH.D.
2012 FAST FACTS
2012 accomplishments in the Ph.D. program at the Wisconsin School of Business included Xiao “Sean” Ma’s doctoral dissertation proposal being accepted into the top conference of the information systems discipline, Wenyu Wang entering his second year as a visiting scholar at the Wharton School of Business, and funds being awarded to 16 Ph.D. students to attend national or international conferences to present their original research.
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EVENING MBA In 2012, the Wisconsin Evening MBA program curriculum was revised to include a finance elective, a marketing elective, and a new capstone applied-learning strategy course in which students work on a real business challenge for an organization and present their report to the client’s representatives. To learn more about the Evening MBA program, visit bus.wisc.edu/evening-mba .
INCOMING CLASS
2012
2011
2010
2009
2008
68
65
85
77
87
Percent admitted
85%
86%
82%
100%
75%
Percent yield
86%
94%
81%
91%
96%
49
47
52
65
59
Median years of work experience
5.25
7.25
6.00
6.50
5.50
Percent female
42%
21%
28%
30%
29%
Percent minority
11%
10%
17%
18%
5%
8%
2%
5%
2%
8%
98%
100%
98%
100%
97%
2012
2011
2010
2009
2008
63
58
55
42
43
Median salary at start
$60,000
$60,100
$58,000
$55,000
*
Median salary at graduation
$75,000
$74,000
$82,000
$77,000
*
Number of applicants
Class size
Percent international Percent Wisconsin resident
GRADUATING CLASS Graduating class size
* Data unavailable
STUDENT CAREER PROMOTIONS 2012 EVENING MBA
EXECUTIVE MBA
Students receiving promotions during the program
15%
10%
Students receiving promotions within six months of graduation
52%
55%
EXECUTIVE MBA Beginning in 2012, the Executive MBA program office began offering career management services for all alumni. These services include, but are not limited to, career coaching, mock interviews, job search support groups, and access to employer job listings at the executive level. To learn more about the Executive MBA program, visit bus.wisc.edu/executive-mba .
INCOMING CLASS
CORPORATE PARTNER SPOTLIGHT: ANN SCHWISTER, P&G Ann Schwister (BBA ’89), VP, Procter & Gamble, serves as the P&G university liaison to the University of Wisconsin-Madison and leads a team of 150+ P&G Badgers to attract top Wisconsin talent every year. P&G defines their partnership with the Wisconsin School of Business as helping all Badgers achieve their career potential and ensuring P&G Badgers have a network to inspire success. Highlights of their engagement include P&G executives participating on six school advisory boards, a company-sponsored grant for marketing research students to participate in a consumer immersion learning experience, and hosting a picnic to welcome the newest P&G Badgers to Cincinnati.
Number of applicants
2012
2011
2010
2009
2008
62
51
40
34
50
Percent admitted
89%
82%
93%
91%
88%
Percent yield
84%
88%
100%
87%
80%
36
38
39
27
34
16
14
13
12
14
Percent female
19%
28%
38%
31%
23%
Percent minority
16%
13%
8%
24%
20%
Percent international
14%
10%
8%
8%
14%
Percent Wisconsin resident
92%
90%
92%
96%
91%
2012
2011
2010
2009
2008
Class size Median years of work experience
GRADUATING CLASS Graduating class size Median salary at start Median salary at graduation
38
27
33
46
31
$85,000
$80,500
$98,000
$102,000
*
$110,000
$105,000
$129,750
$115,500
*
PROFESSIONAL DEVELOPMENT
The Wisconsin School of Business partners with more than 600 companies annually to connect students with meaningful educational and employment opportunities and to serve as a knowledge enterprise for corporate leaders. Below is a sampling of the school’s corporate partners who have built relationships with the school to recruit, engage with, and inspire students, as well as provide support for fulfilling the school’s mission.
EVENING AND EXECUTIVE MBAs
2012
NOTABLE CORPORATE PARTNERS
EXECUTIVE EDUCATION Any individual in the midst of a professional transition or organization in the process of business transformation can benefit from a lifelong relationship with the Wisconsin School of Business. The Center for Professional and Executive Development aims to provide its customers with the skills and resources necessary to make those business transformations and professional transitions successful. To learn more about Executive Education, visit exed.wisc.edu .
OPEN-ENROLLMENT COURSES These cutting-edge courses help individuals solve specific, real-world workplace problems. 2012 Number of courses Number of students
6
2010
2009
2008
134
129
111
151
238
2,247
2,102
1,952
2,666
3,978
6.6
6.6
6.5
6.5
6.5
Customer satisfaction (on 7-pt. scale)
CUSTOM PROGRAMS These practical, interactive learning sessions use discussion, team exercises, and case studies tailored to the client’s needs. 2012 2011 2010 2009 2008 Number of programs
71
64
63
50
77
Number of corporate customers
31
26
21
23
27
6.6
6.4
6.5
6.6
6.9
Customer satisfaction (on 7-pt. scale)
CORPORATE EXECUTIVE MBA The Wisconsin Corporate Executive MBA program is a customized experience created in partnership with an organization and offered exclusively to a select group of its employees. Kohl’s Corporation is the school’s first corporate partner, and the school is exploring similar partnerships with other organizations. Students in the program integrate work and class projects seamlessly with others from their own functional area as well as those from other areas across the firm. The partnering organization enjoys an enhanced ability to recruit and retain top talent, as well as the immediate benefits delivered on the job by current participants. To learn more about the Corporate Executive MBA, visit bus.wisc.edu/corporatemba .
REGENTS APPROVE FLUNO CENTER FOR ALUMNI USE The Wisconsin School of Business is excited to announce that the University of Wisconsin System Board of Regents approved revised guidelines for individuals or groups wishing to stay at the Fluno Center on the UW-Madison campus. As of December 7, 2012, individuals and groups enrolled at or connected to the university—which include alumni, donors, advisory board members, corporate recruiters, job candidates, and special guests of the Wisconsin School of Business—will be able to use the guest rooms. The school is eager to provide even more alumni, donors, and friends a comfortable, welcoming place to stay on campus. To make a reservation online, visit fluno.com .
* Data unavailable
10
2011
7
FLUNO CENTER OCCUPANCY Goal for increased occupancy between 2012 and 2015
65% 45%
2012
2015