HIGHLIGHTS 2013
2013
2013: A YEAR OF EXPANSION
At the Wisconsin School of Business, it was a year of forward momentum, building on successful first steps.
2013 HIGHLIGHTS WE ARE PROUD TO SHARE: • We began the process of expanding the BBA class by 33 percent, growing the sophomore class from 600 to 800 and the freshman class from 40 to 60.
• Professor Randy Wright offered our first massive open online course (MOOC) on Coursera.
• In their first year participating in our commencement campaign, 100 percent bus.wisc.edu
of our Master’s in Accounting (MAcc) graduates pledged a gift to the school.
• We closed the first wave of the Innovation Fund investments, exceeding our target of $5 million.
• Our Corporate Champions program launched with two corporate pilots, engaging more than 300 alumni. We offer our Report to Investors as an overview of the school’s achievements and progress in 2013.
2012
Number of applicants
1,375
1,304
Percent admitted
60.1%
50.4%
Percent yield
99%
98%
Median GPA
3.51
3.61
819
644
Percent female
41%
45%
Percent minority
7.1%
7.4%
14.6%
12%
62%
52%
2013
2012
635
701
86%
84%
Class size
Percent international Percent Wisconsin resident
GRADUATING CLASS Class size Percent placed at graduation Median base salary
To learn more about the Bachelor of Business Administration program, visit bus.wisc.edu/bba .
SIZE OF MAJORS Accounting
2013
2012
2011
Number of applicants
460
433
508
Percent admitted
33%
33%
30%
Percent yield
66%
65%
73%
Median GMAT
680
680
690
4.6
4.8
4.3
101
94
111
Percent female
33%
31%
24%
Percent minority
14%
17%
17%
Percent international
15%
18%
9%
Percent Wisconsin resident
42%
19%
43%
2013
2012
2011
Median years of work experience Class size
$52,000
Median signing bonus
$5,000
$4,000
Percent receiving bonus
38.8%
33.7%
33%
35%
Percent international
14.1%
14.1%
Percent Wisconsin resident
52.7%
52.8%
Percent placed within three months of graduation
Percent graduating with internship
73.0%
71.3%
Percent with international experience (travel)
2013
2012
547
484
55
33
Real Estate and Urban Land Economics
145
136
Risk Management and Insurance
196
231
77
3
2012
438
450
Marketing Operations and Technology Management
181
Finance, Investment, and Banking
659
635
30
33
International Business
170
139
Management and Human Resources
417
380
Undeclared
GRADUATING CLASS Class size
2013 179
MAcc
INCOMING CLASS
$52,000
Actuarial Science
Information Systems
In 2013, the full-time MBA program put an added emphasis on soft skills by creating a Peer Coaching program, assigning second-year students to mentor teams of first-semester students. Every incoming student was assigned a communication coach and required to have at least one coaching session and one team presentation during the fall semester.
110
117
116
85.0%
86.0%
91.0%
Median base salary
$97,250
$93,000
$94,000
Median signing bonus
$20,000
$18,520
$20,000
Percent receiving bonus
76.0%
76.0%
77.0%
Percent salary increase
78.0%
59.0%
65.2%
Expanded reach to the corporate community and alumni In 2013, we increased alumni engagement in the recruiting process and connected student organizations with the corporate community. We increased the number of corporations involved in applied learning, mock interviews, and case competition sponsorships.
To learn more about the full-time MBA program, visit bus.wisc.edu/mba .
More than 14,000 alumni of the Wisconsin School of Business are on LinkedIn. Have you connected with them? You’re probably familiar with using LinkedIn as a résumé posting service, but it’s so much more—a powerful network that can help you build your personal brand and forge connections to create strategic partnerships, secure interviews, and communicate with others to find solutions that enhance your workplace.
“LINKEDIN ALLOWS ME TO BUILD AND MAINTAIN PROFESSIONAL CONNECTIONS. IT’S AN EXCELLENT TOOL TO FIND OTHERS IN MY FIELD.”
GROW YOUR NETWORK
TOP FIVE
industries for our alumni on LinkedIn 14%
STUDENT COMMENCEMENT CAMPAIGNS Student-led Commencement Campaigns encourage giving back among MBA, MAcc, and BBA students. Through gifts that range from $20 to $4,000, the school’s newest graduates shape a culture of giving and commit to continuing the tradition of a strong, supportive alumni network. In 2013, a generous donor matched all student pledges. Together, the campaign total exceeded $240,000.
16% Campaign Statistics
MASTERS OF ACCOUNTANCY PROGRAMS
Graduates of the MAcc program ranked in the Top 10 for first-time pass rates on the CPA exam. Additionally, two recent graduates are currently working at the Financial Accounting Standards Board for a one-year post-graduate technical internship—only 10–15 students nationwide are chosen each year for this prestigious post. To learn more about the Masters of Accountancy programs, visit bus.wisc
.edu/degrees-programs/ msmacc .
2013 100 students graduated
2012 104 students graduated
3.58 median incoming GPA 98% placement $53,679 average base salary
3.62 median incoming GPA 96% placement $53,088 average base salary
BBA MBA MAcc
Percent of Class Participation
Number of Students Pledged
Amount Pledged
52 333 27,299 92% 100 $107,585 100% 100 $20,305 %
$
32%
15%
23%
Up
80.4%
from 2012
Finance
Connect with alumni from the Wisconsin School of Business to build your professional network and interact with alumni who are already in the organizations you’re hoping to join. Create or update your LinkedIn profile. Make sure you link your degree to the University of Wisconsin–Madison School of Business.
Visit the University of Wisconsin–Madison and the Wisconsin School of Business pages on LinkedIn. Use the search filters to connect with alumni who can help you reach your professional goals.
Join the Wisconsin Business Alumni group to begin a dialogue with more than 7,000 fellow WSB alumni. Discuss hot topics, view exclusive job postings, and more.
Sales Up
Marketing
from 2012
Operations
13.6%
Entrepreneurship
1ST YEAR
MORE THAN
2013
LIFELONG CONNECTIONS
INCOMING CLASS
FULL-TIME MBA
UNDERGRADUATE
2013 marked the beginning of the Compass™ program, with the aim of helping students create a clear path toward success at the Wisconsin School of Business and beyond. Focusing on academic, career, and personal development, Associate Dean of Undergraduate Programs Joann Peck, works with a team of staff coaches and student facilitators to bring this unique experience to all first-year students. The program is a collaboration of 53 undergraduate facilitators, five MBA graders, 17 BBA staff coaches with help from multiple Wisconsin School of Business units and other campus departments.
JOIN US ON LINKEDIN TO PARTNER WITH THEM Total number of business alumni on LinkedIn TODAY.
1,990
2013 graduates were placed at many peer institutions across the nation, including Michigan State University, Georgia State University, the University of Kansas, and the University of Massachusetts. In addition, 17 students earned teaching awards in 2013. To keep the tradition of success strong, the program was proud to introduce substantial improvements in the admission and orientation processes.
Undergraduate Business Students
1
st
Real Estate Ranked 1st in the U.S. by U.S. News & World Report 9/11/2013
2
Risk Management and Insurance Ranked 2nd in the U.S. by U.S. News & World Report 9/11/2013
16th
Ranked 16th most beautiful Business school in the world by Top Management Degrees 2013
18
Ranked 18th in the U.S. (8th among public universities) by U.S. News & World Report 9/11/2013
nd
th
32
nd
Ranked 32nd in U.S. by BusinessWeek 2013
FULL-TIME MBA
30
th
Ranked 30 th in the U.S. by Poets & Quants 2013
34
Ranked 34th in the U.S. (15th among public universities) by BusinessWeek 2013
34
Ranked 34th in the U.S. (15th among public universities) by U.S. News & World Report 9/11/2013
th
th
27
Masters of Science (ASAP, GMAcc, GREM)
193
Full-Time MBA Students
214
Executive and Evening MBA Students
19th
Ranked 19 th in the U.S. by U.S. News & World Report 2013 Visit bus.wisc.edu/update-rankings to see all rankings.
2013
2012
2011
Number of applicants
221
298
325
Percent admitted
13%
9%
5%
5%
3%
3%
51
53
51
51%
40%
60%
4%
0%
0%
51%
40%
30%
9
4
10
Percent yield Number of students
Female students in the 2013 Ph.D. program
Percent female Percent minority Percent international
To learn more about our Ph.D. program, visit bus.wisc.edu/phd .
Number of graduates
(Admissions=starting in fall of that year. Graduates=finishing in spring of that year.)
51
An increased allocation from the university budget is allowing us to increase the size of our undergraduate program from 1,700 to 2,500 students. Your philanthropic investments will now touch the lives of even more students and help us increase the pace of growth of the Business Badger Community.
5%
12% 20%
2013 21%
Ph.D. Students
632
Certificates & Capstones (Business, Entrepreneurship, Strategic Innovation, Actuarial Science) Serving more than
3,950
Non-Business Majors Taking Business Classes
3,778
Professional Development Students More than
10,200 Students Served
EVENING MBA
51
%
Serving more than
600
Corporate Partners More than
40,600 Alumni (Living)
FACULTY
UNDERGRADUATE
PROGRAM PROFILE
FINANCIAL METRICS
RECOGNIZED IN 2013
PH.D.
2013 FAST FACTS
In 2013, the Wisconsin School of Business hired 11 new faculty members in five departments: Accounting, Actuarial Science and Risk Management, Marketing, Operations and Information Management, and Real Estate and Urban Land Development. Their contributions to our research excellence, infused into our classroom experiences, will shape the future of business education and reaffirm our commitment to research and premium learning experiences.
FACULTY STATS Number of full-time faculty equivalents Number of editorial positions Number of academic articles published
700
K
from Faculty Exellence Fund
2013
2012
2011
76
69
71
114
109
110
48
59
66
1.6
M
from Endowed Chairs
18%
2013
54%
38%
32%
University budget allocation*
Faculty salaries
Transfers from UW Foundation (Other)
Staff salaries
School program revenues
Services and supplies (Operations)
Transfers from UW Foundation (Naming Gift)
Student support
*Represents our portion of state support and tuition combined
YOUR INVESTMENT MATTERS Philanthropy touches every corner of the school. In 2013, philanthropy funded more than 60 faculty, 35 staff, and hundreds of students. Together, they are creating knowledge and taking it to the world. You are making a difference. Thank you.
1.8
M
from Wisconsin Naming Gift
PHILANTHROPY SUPPORTS A STRONG FACULTY In 2013, the school allocated nearly $5 million of philanthropy to support faculty, as competition for outstanding researchers and teachers continued to grow. Together, the many donors who contributed to the faculty excellence funds, our named chairs, and the Wisconsin Naming Gift provided the critical funding to address these market pressures.
GIFT DATA Number of living alumni Number of alumni donors
2013
2012
2011
40,608
39,985
39,185
3,138
3,179
3,462
Total number of donors
4,178
4,160
4,432
Number of donors giving in more than three of the five preceding years
3,729
3,929
4,167
Total dollars received (in millions)
$14
$14.6
$12.8
Total dollars to Wisconsin School of Business Annual Fund (in millions)
$1.4
$1.6
$1.3
$170.1*
$154.3
$146.7
Endowment market value (in millions) * Total as of 9/30/2013
To read more about the impact of philanthropy or to make a gift, please visit
bus.wisc.edu/update-investment .
6,119 Business alumni who give to the University of Wisconsin–Madison
3,138
Business alumni who give to the Wisconsin School of Business
EVENING MBA In August 2013, the incoming Class of 2016 experienced an enhanced student orientation that emphasized the KDBIN™ learning outcomes of Knowing, Doing, Being, Inspiring, and Networking. Through these outcomes, students gain the necessary knowledge, skills, and behaviors in areas such as career development, global learning, and organizational socialization, preparing them to become successful and engaged alumni. To learn more about the Evening MBA program, visit bus.wisc.edu/evening-mba .
INCOMING CLASS
2013
2012
2011
65
68
65
Percent admitted
80%
85%
86%
Percent yield
86%
86%
94%
50
49
47
5
5.25
7.25
Percent female
26%
42%
21%
Percent minority
13%
11%
10%
8%
8%
2%
97%
98%
100%
2013
2012
2011
Number of applicants
Class size Median years of work experience
Percent international Percent Wisconsin resident
GRADUATING CLASS Graduating class size Median salary at start
EXECUTIVE MBA LEARN & DEVELOP
S.C. Johnson & Son, Inc. has established strong brand recognition among students in our MBA and BBA programs through participation in career fairs, informational events, on-campus recruitment, guest lectures, applied learning, student organizations, case competitions, and site visits, helping the company achieve its annual hiring outcomes.
The Center for Professional and Executive Development at The Fluno Center helped design and lead a ten-month learning experience for Dean Clinic and St. Mary’s Hospital that provided 30 physician leaders with the business acumen and leadership skills they needed to strategically navigate changes in the nation’s healthcare delivery and economic systems. Participants reported a new level of engagement in their roles and in organizational leadership. They overwhelmingly agreed that the program’s return on investment was significant.
INSPIRE Each spring, Kohl’s Department Stores, Accenture, and General Mills, Inc. join together to sponsor Ignite the Potential, a two-day event designed to inspire freshmen and sophomores to identify their personal and career goals and enhance their teamwork, leadership, and essential business skills.
63
58
$55,000
$60,000
$60,100
83%
52%
52%
Students receiving promotion during program Median salary at graduation
RECRUIT & HIRE
52
Expanded career management services brought new opportunities to more than 90 percent of Executive MBA students. Services include one-on-one coaching, workshops, videos and webinars, networking, and guest speakers. These services have equipped students with the skills and techniques to successfully manage and market their personal brands and careers for a lifetime. To learn more about the Executive MBA program, visit
bus.wisc.edu/ executive-mba .
MEDIAN SALARY INCREASE AT GRADUATION Evening MBA $
82,000
median salary at graduation
49%
$
55,000
median salary at start
Executive MBA $
120,000
median salary at graduation
30%
92,000 median salary at start $
$82,000
$75,000
INCOMING CLASS Number of applicants
$74,000
2013
2012
2011
48
62
51
Percent admitted
98%
89%
82%
Percent yield
74%
84%
88%
34
36
38
14
16
14
Percent female
35%
19%
28%
Percent minority
15%
16%
13%
6%
14%
10%
97%
92%
90%
2013
2012
2011
37
38
27
$92,000
$85,000
$80,500
65%
55%
56%
$120,000
$110,000
$105,000
Class size Median years of work experience
Percent international Percent Wisconsin resident
GRADUATING CLASS Graduating class size Median salary at start Students receiving promotion during program Median salary at graduation
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 corporate partners that have built relationships with the school to recruit, engage with, and inspire students.
EVENING & EXECUTIVE MBAs
NOTABLE CORPORATE PARTNERS
CENTER FOR PROFESSIONAL & EXECUTIVE DEVELOPMENT In 2013, Executive Education changed its name to the Center for Professional and Executive Development (CPED) to better reflect the center’s comprehensive training. Current center offerings include courses for individuals, helping professionals move their careers forward, and custom programs for organizations to help them grow and succeed. Additionally, the center’s Family Business Center helps family businesses transition leadership to the next generation, and the Small Business Development Center focuses on giving start-ups the tools and strategies they need to succeed. To learn more about Executive Education, visit bus.wisc.edu/cped .
OPEN-ENROLLMENT COURSES These cutting-edge courses help individuals solve specific, real-world workplace problems.
Number of courses Number of students Customer satisfaction (on 7-pt. scale)
FY 2013
FY 2012
FY 2011
129
134
129
2,054
2,247
2,102
6.6
6.6
6.6
CUSTOM PROGRAMS These practical, interactive learning sessions facilitate discussion, team exercises, and case studies tailored to the client’s needs. FY FY FY 2013 2012 2011 Number of programs
79
71
64
Number of corporate customers
33
33
26
Customer satisfaction (on 7-pt. scale)
6.5
6.6
6.4
18
Custom Program Customers for the first six months of FY 2013
17 NEW CUSTOMERS IN THE FIRST HALF OF 2014.
35
Custom Program Customers for the first six months of FY 2014
CURRICULUM GROWTH RESULTS IN SEVERAL KEY PROGRAMS The center added and revamped key management and leadership programs to reflect its new emphasis on supporting professionals through common career transitions. Last year CPED introduced the five-day Transition to Manager Boot Camp. This program focuses on the transition from individual contributor to front-line manager. In addition, the center revamped its long-running Leadership Beyond Management course to include topics particularly relevant to professionals in the middle of their careers, such as managing an inclusive workplace and various situational leadership tools. Later this year, the center will introduce its Transition to General Management program, a multiplemodule, six-month exploration of the key skills needed to move successfully into senior general management roles. These, along with other curriculum enhancements, pivot around the notion that formal education is best leveraged in those moments of career and organizational transitions. The mission of CPED is to support every participant and custom client through those transitions.